|Min SIP Amount||₹500|
|NAV||₹1443.57 (27 Nov 2020)|
|Fund Started||25 Feb 2013|
|Fund Size||₹282 Cr|
|Reserve Bank of India||Financial||T-Bills||17.5%|
|Housing Development Finance Corpn. Ltd.||Financial||CP||8.8%|
|Reserve Bank of India||Financial||T-Bills||8.8%|
|Indusind Bank Ltd.||Financial||CD||7.1%|
|Punjab National Bank||Financial||Bonds||6.0%|
|Reliance Industries Ltd.||Energy||CP||5.3%|
|Bank Of Baroda||Financial||Bonds||2.9%|
|JK Cement Ltd||Construction||Debenture||2.7%|
|Tata Power Co. Ltd.||Energy||Debenture||2.6%|
IDBI Ultra Short Term Fund Direct Dividend monthly is a Debt Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 25 Feb 2013. Bupesh Kalyani is the Current Fund Manager of IDBI Ultra Short Term Fund Direct Dividend monthly fund.The fund currently has an Asset Under Management(AUM) of ₹282 Cr and the Latest NAV as of 27 Nov 2020 is ₹1443.57.
The IDBI Ultra Short Term Fund Direct Dividend monthly 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.