|Min SIP Amount||₹500|
|NAV||₹1025.39 (31 Mar 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹18 Cr|
|Reserve Bank of India||Financial||T-Bills||81.3%|
Indiabulls Ultra Short Term Direct Fund IDCW Daily is a Debt Mutual Fund Scheme launched by Indiabulls Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Malay Shah is the Current Fund Manager of Indiabulls Ultra Short Term Direct Fund IDCW Daily fund.The fund currently has an Asset Under Management(AUM) of ₹18 Cr and the Latest NAV as of 31 Mar 2021 is ₹1025.39.
The Indiabulls Ultra Short Term Direct Fund IDCW Daily is rated 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.