Fund Details
IDBI Ultra Short Term Fund Direct Growth
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.34% |
| NAV | ₹2252.50 (20 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹381 Cr |
Returns
Comparison
1. Lower expense ratio - 0.26%
2. Exit load is zero
3. 1Y Returns are higher than the category average returns
4. 3Y Returns are higher than the category average returns
5. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 13.4% |
| Reserve Bank of India | Financial | T-Bills | 13.3% |
| Housing Development Finance Corpn. Ltd. | Financial | CP | 6.8% |
| Reserve Bank of India | Financial | T-Bills | 6.8% |
| Punjab National Bank | Financial | Bonds | 4.6% |
| Vedanta Ltd. | Metals | Debenture | 3.0% |
| Bank Of Baroda | Financial | Bonds | 2.3% |
| JK Cement Ltd | Construction | Debenture | 2.0% |
| Tata Power Co. Ltd. | Energy | Debenture | 2.0% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 1.4% |
Fund Managers
IDBI Ultra Short Term Fund Direct Growth Details
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 ₹381 Cr and the Latest NAV as of 20 Jan 2021 is ₹2252.50.
The IDBI Ultra Short Term Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
Investment Objective
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.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
