Name: IDBI Ultra Short Term Fund Direct Growth
Brand: IDBI Mutual Fund

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IDBI Ultra Short Term Fund Direct Growth
Debt
Ultra Short Duration
Low to Moderate Risk
4.18%
1Y return
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 17 Sep 2021₹2,306.70
Min. SIP amount₹500
Rating2star
Fund size₹364.74 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Ultra Short Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.2%6.0%6.4%7.5%
Category average3.7%5.5%5.9%NA
Rank with in category8117NA
Understand termsinfo
Holdings (15)NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills25.3%
Reserve Bank of India
FinancialT-Bills12.7%
Reliance Industries Ltd.
EnergyCP6.4%
Aarti Industries Ltd.
ChemicalsCP6.4%
National Bank For Agriculture & Rural Development
FinancialCP6.4%
Housing Development Finance Corpn. Ltd.
FinancialCP6.3%
Reserve Bank of India
FinancialT-Bills6.3%
Reserve Bank of India
FinancialT-Bills6.3%
Reserve Bank of India
FinancialT-Bills5.0%
Punjab National Bank
FinancialAdditional Tier 1 Bo1.2%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Debt Ultra Short Duration
thumb_up_altPros
Lower expense ratio - 0.28%
1Y Returns are higher than the category average returns
3Y Returns are higher than the category average returns
5Y Returns are higher than the category average returns
Exit load is zero
thumb_down_altCons
Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2021 - Present
0.28%
31 Jul 2021 - 31 Aug 2021
0.28%
30 Jun 2021 - 31 Jul 2021
0.28%
31 May 2021 - 30 Jun 2021
0.28%
30 Apr 2021 - 31 May 2021
0.28%
31 Mar 2021 - 30 Apr 2021
0.29%
28 Feb 2021 - 31 Mar 2021
0.28%
31 Jan 2021 - 28 Feb 2021
0.29%
31 Dec 2020 - 31 Jan 2021
0.28%
30 Nov 2020 - 31 Dec 2020
0.34%
31 Oct 2020 - 30 Nov 2020
0.26%
30 Sep 2020 - 31 Oct 2020
0.25%
31 Aug 2020 - 30 Sep 2020
0.26%
31 Jul 2020 - 31 Aug 2020
0.26%
30 Jun 2020 - 31 Jul 2020
0.26%
31 May 2020 - 30 Jun 2020
0.26%
30 Apr 2020 - 31 May 2020
0.26%
31 Mar 2020 - 30 Apr 2020
0.26%
29 Feb 2020 - 31 Mar 2020
0.26%
31 Jan 2020 - 29 Feb 2020
0.26%
30 Nov 2019 - 31 Jan 2020
0.26%
31 Oct 2019 - 30 Nov 2019
0.26%
30 Sep 2019 - 31 Oct 2019
0.26%
31 Aug 2019 - 30 Sep 2019
0.26%
31 Jul 2019 - 31 Aug 2019
0.26%
30 Jun 2019 - 31 Jul 2019
0.26%
31 May 2019 - 30 Jun 2019
0.26%
30 Apr 2019 - 31 May 2019
0.26%
31 Mar 2019 - 30 Apr 2019
0.27%
28 Feb 2019 - 31 Mar 2019
0.26%
31 Jan 2019 - 28 Feb 2019
0.26%
31 Dec 2018 - 31 Jan 2019
0.26%
30 Nov 2018 - 31 Dec 2018
0.26%
31 Oct 2018 - 30 Nov 2018
0.26%
30 Sep 2018 - 31 Oct 2018
0.28%
31 Aug 2018 - 30 Sep 2018
0.28%
31 Jul 2018 - 31 Aug 2018
0.29%
30 Jun 2018 - 31 Jul 2018
0.29%
31 May 2018 - 30 Jun 2018
0.29%
30 Apr 2018 - 31 May 2018
0.29%
31 Mar 2018 - 30 Apr 2018
0.29%
28 Feb 2018 - 31 Mar 2018
0.30%
31 Jan 2018 - 28 Feb 2018
0.46%
31 Dec 2017 - 31 Jan 2018
0.47%
30 Nov 2017 - 31 Dec 2017
0.47%
31 Oct 2017 - 30 Nov 2017
0.41%
Expense ratio, exit load and taxExpense ratio: 0.28%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Fund managementBhupesh Kalyani
Feb 2017 - Present
View details
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Education
Mr. Kalyani is a CA, ICWA and CISA.
Experience
Prior to joining IDBI AMC he was with LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.
Also manages these schemes
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IDBI Short Term Bond Fund Direct Growth
IDBI Ultra Short Term Fund Direct Growth
IDBI Short Term Bond Fund Direct IDCW Monthly
IDBI Short Term Bond Fund Direct IDCW Weekly
IDBI Ultra Short Term Fund Direct IDCW Daily
IDBI Ultra Short Term Fund Direct IDCW Monthly
IDBI Ultra Short Term Fund Direct IDCW Weekly
IDBI Ultra Short Term Fund Bonus
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IDBI Credit Risk Fund Direct IDCW Quarterly
IDBI Credit Risk Fund Regular IDCW Yearly
IDBI Credit Risk Fund Direct IDCW Yearly
Fund house & investment objective
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IDBI Mutual Fund
Rank (total assets)#29 in India
Total AUM4,031.93 Cr
Date of Incorporation29 Mar 2010
IDBI Ultra Short Term Fund Direct Growth is a Debt Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 29 
IDBI Ultra Short Term Fund Direct Growth is a Debt Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 29 Mar 2010. Bupesh Kalyani is the Current Fund Manager of IDBI Ultra Short Term Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,032 Cr and the Latest NAV as of 17 Sep 2021 is ₹2,306.70.
The IDBI Ultra Short Term Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. ...Read more
Investment Objective
The scheme seeks to provide investors with regular income for there investments by investing in Debt/ Money market instruments with relatively lower i
The scheme seeks to provide investors with regular income for there investments by investing in Debt/ Money market instruments with relatively lower interest rate risk such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months.
...Read more
Fund benchmarkCRISIL Ultra Short Term Debt Index
descriptionScheme Information Document(SID)
Fund house contact details
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Address
5th floor, Mafatlal Centre, Nariman Point Mumbai 400021
Phone
022-6644 2800
Launch Date
29 Mar 2010
E-mail
[email protected]
Website
NA
IDBI Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
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	1Y	3Y	5Y	All
Fund returns	4.2%	6.0%	6.4%	7.5%
Category average	3.7%	5.5%	5.9%	NA
Rank with in category	8	11	7	NA

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	25.3%
Reserve Bank of India	Financial	T-Bills	12.7%
Reliance Industries Ltd.	Energy	CP	6.4%
Aarti Industries Ltd.	Chemicals	CP	6.4%
National Bank For Agriculture & Rural Development	Financial	CP	6.4%
Housing Development Finance Corpn. Ltd.	Financial	CP	6.3%
Reserve Bank of India	Financial	T-Bills	6.3%
Reserve Bank of India	Financial	T-Bills	6.3%
Reserve Bank of India	Financial	T-Bills	5.0%
Punjab National Bank	Financial	Additional Tier 1 Bo	1.2%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	2
Fund size	₹364.74 Cr