|Min SIP Amount||₹500|
|NAV||₹2113.35 (14 Aug 2020)|
|Fund Started||03 Sep 2010|
|Fund Size||₹196 Cr|
IDBI Ultra Short Term Fund Growth is a Debt Mutual Fund Scheme launched by IDBI Mutual Fund. This scheme was made available to investors on 03 Sep 2010. Bupesh Kalyani is the Current Fund Manager of IDBI Ultra Short Term Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹196 Cr and the Latest NAV as of 14 Aug 2020 is ₹2113.35.
The IDBI Ultra Short Term Fund Growth is rated Moderately Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.