|Min SIP Amount||₹500|
|NAV||₹2225.25 (23 Oct 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹251 Cr|
|Reserve Bank of India||Financial||T-Bills||19.8%|
|Reserve Bank of India||Financial||T-Bills||13.8%|
|Housing Development Finance Corpn. Ltd.||Financial||CP||9.9%|
|National Bank For Agriculture & Rural Development||Financial||CP||9.9%|
|Reserve Bank of India||Financial||T-Bills||9.9%|
|Indusind Bank Ltd.||Financial||CD||7.9%|
|Punjab National Bank||Financial||Bonds||6.7%|
|JK Cement Ltd||Construction||Debenture||4.2%|
|Reserve Bank of India||Financial||T-Bills||2.0%|
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 01 Jan 2013. 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 ₹251 Cr and the Latest NAV as of 23 Oct 2020 is ₹2225.25.
The IDBI Ultra Short Term Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.