IDBI Ultra Short Term Fund Direct Dividend monthly+0.03%

2Groww
7.91%
1 Year Return
Debt
Ultra Short Duration
2.0 star
6M
1Y
3Y
5Y
All

Fund Details

IDBI Ultra Short Term Fund Direct Dividend monthly

RiskModerately Low
Min SIP Amount₹500
Expense Ratio0.26%
NAV1444.97 (18 Oct 2019)
Fund Started25 Feb 2013
Fund Size177 Cr

Returns

1Y
3Y*
5Y*
Since inception*
IDBI Ultra Short Term Fund Direct Dividend monthly
7.9%
7.3%
7.9%
8.2%
Category Average
5.1%
5.7%
6.8%
-
Rank within category
13
9
7
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 7.9% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio
    2. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category
    3. Risk-adjusted returns are lower compared to the category
    4. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialCD13.8%
    National Bank For Agriculture & Rural DevelopmentFinancialCD13.8%
    Punjab National BankFinancialBonds9.4%
    JK Cement LtdConstructionDebenture8.5%
    ECL Finance Ltd.FinancialDebenture8.4%
    Axis Bank Ltd.FinancialBonds1.7%
    Housing & Urban Development Corpn. Ltd.FinancialDebenture0.6%
    JK Cement LtdConstructionDebenture0.3%
    Vedanta Ltd.MetalsDebenture0.3%
    See All

    Other Details

    IDBI Ultra Short Term Fund Direct Dividend monthly is a Debt Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was introduced to investors on 25 Feb 2013. Bupesh Kalyani is the Current Fund Manager of IDBI Ultra Short Term Fund Direct Dividend monthly.The fund currently has an Asset Under Management(AUM) of ₹177 Cr and the Latest NAV as of 18 Oct 2019 is ₹1444.97.

    The IDBI Ultra Short Term Fund Direct Dividend monthly is rated Moderately Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    The objective of the Scheme will be to provide investors with regular income for their investment. The Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a diversified portfolio of money market and debt instruments with maturity predominantly between a liquid fund and a short term fund while maintaining a portfolio risk profile similar to a liquid fund.

    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.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

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    About IDBI Mutual Fund

    Address
    5th floor, Mafatlal Centre, Nariman Point Mumbai 400021
    Phone
    022-6644 2800
    Launch Date
    28 Mar 2010
    IDBI Mutual Fund
    Asset Management Company
    Custodian
    SBI SG Global Securities Services Pvt.Ltd.
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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