|Min SIP Amount||₹500|
|NAV||₹1012.90 (27 Nov 2020)|
|Fund Started||25 Jan 2012|
|Fund Size||₹22 Cr|
|Reserve Bank of India||Financial||T-Bills||81.3%|
Indiabulls Ultra Short Term Fund Dividend Daily is a Debt Mutual Fund Scheme launched by Indiabulls Mutual Fund. This scheme was made available to investors on 25 Jan 2012. Malay Shah is the Current Fund Manager of Indiabulls Ultra Short Term Fund Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹22 Cr and the Latest NAV as of 27 Nov 2020 is ₹1012.90.
The Indiabulls Ultra Short Term Fund Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.
The scheme seeks to provide liquidity with returns commensurate with low risk through a portfolio of money market and debt securities such that the Macaulay duration of the portfolio is between 3 months-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.