Ultra Short Duration Fund - An open ended ultra-short term debt scheme investing in debt & money market instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months. A relatively low interest rate risk and moderate credit risk.
(as on August 30, 2022)
SCHEME OBJECTIVE | To generate returns by investing in a wide range of debt securities and money market instruments of various maturities and risk profile. However, there is no assurance that the objective of the Fund will be realised. |
DATE OF ALLOTMENT | September 16, 2003 |
BENCHMARK | CRISIL Ultra Short Duration Fund BI Index |
FUND MANAGER | 1) Ms. Suman Prasad 2) Mr. Avnish Jain |
TOTAL EXPERIENCE | 1) 24 Years 2) 27 Years |
MANAGING THIS FUND | 1) Since 12-April-11 2) Since 01-April-22 |
ASSET ALLOCATION | Debt and Money Market instruments- 0% to 100% (Risk- Low to Medium) Reits / Invits- 0% to 10% (Risk- Medium to High) |
MINIMUM INVESTMENT | ₹500 and in multiples of ₹ 1 thereafter. Subsequent purchases: Minimum amount of ₹ 500 and multiples of ₹ 1 thereafter. SIP: For Any date/monthly frequency – ₹ 500 and in multiples of ₹ 1 thereafter For quarterly frequency – ₹ 500 and in multiples of ₹ 1 thereafter STP: The minimum amount for STP will be subject to the minimum investment amount as detailed in switch-in scheme SWP: ₹ 100 and in multiples of ₹ 1 thereafter |
PLANS / OPTIONS | Regular Plan - Daily Reinvestment of Income Distribution cum Capital Withdrawal Option Regular Plan - Weekly Reinvestment of Income Distribution cum Capital Withdrawal Option Regular Plan - Weekly Payout of Income Distribution cum Capital Withdrawal Option Regular Plan - Monthly Reinvestment of Income Distribution cum Capital Withdrawal Option Regular Plan - Monthly Payout of Income Distribution cum Capital Withdrawal Option Regular Plan - Payout of Income Distribution cum Capital Withdrawal Option Regular Plan - Growth Option Direct Plan - Daily Reinvestment of Income Distribution cum Capital Withdrawal Option Direct Plan - Weekly Reinvestment of Income Distribution cum Capital Withdrawal Option Direct Plan - Weekly Payout of Income Distribution cum Capital Withdrawal Option Direct Plan - Monthly Reinvestment of Income Distribution cum Capital Withdrawal Option Direct Plan - Monthly Payout of Income Distribution cum Capital Withdrawal Option Direct Plan - Payout of Income Distribution cum Capital Withdrawal Option Direct Plan - Growth Option |
ENTRY LOAD | Nil |
EXIT LOAD | Nil |
EXPENSE RATIO^: |
Regular Plan : 0.95% Direct Plan : 0.41% |
Monthend AUM# | ₹561.25 Crores |
Monthly AVG AUM | ₹546.19 Crores |
(as on August 30, 2022) | |
Direct Plan - Daily IDCW (reinvestment) | 1,240.7100 |
Direct Plan - Growth Option | 3,324.5270 |
Direct Plan - IDCW (payout/reinvestment) | 1,902.9703 |
Direct Plan - Monthly IDCW (payout/reinvestment) | 1,000.0000 |
Regular Plan - IDCW (payout) | 1,304.1406 |
Regular Plan - Daily IDCW (reinvestment) | 1,240.7100 |
Regular Plan - Growth Option | 3,174.5962 |
Regular Plan - Monthly IDCW (payout/reinvestment) | 1,000.0001 |
Regular Plan - Weekly IDCW (payout/reinvestment) | 1,241.5780 |
Direct Plan - Weekly IDCW (payout/reinvestment) | 1,241.6877 |
Yield to Maturity | 6.01% |
Modified Duration | 0.30 Years |
Average Maturity | 0.32 Years |
Macaulay Duration | 0.32 Years |
Name of the Instruments |
Rating |
% to NAV |
Money Market Instruments |
17.45 |
|
Kotak Mahindra Bank Ltd |
A1+(CRISIL) |
4.39 |
Axis Bank Ltd |
A1+(CRISIL) |
4.38 |
Larsen & Toubro Ltd |
A1+(CRISIL) |
4.36 |
Small Industries Development Bank of India |
A1+(CARE) |
4.32 |
Debt Instruments |
48.10 |
|
Kotak Mahindra Prime Ltd |
AAA(CRISIL) |
6.26 |
NTPC Ltd |
AAA(CRISIL) |
5.34 |
Power Finance Corporation Ltd |
AAA(CRISIL) |
4.46 |
REC Ltd |
AAA(CRISIL) |
4.46 |
Reliance Industries Ltd |
AAA(CRISIL) |
4.46 |
National Bank For Agriculture & Rural Development |
AAA(ICRA) |
4.45 |
Housing Development Finance Corporation Ltd |
AAA(CRISIL) |
4.45 |
LIC Housing Finance Ltd |
AAA(CARE) |
4.42 |
Sundaram Finance Ltd |
AAA(CRISIL) |
1.79 |
Larsen & Toubro Ltd |
AAA(CRISIL) |
1.79 |
REC Ltd |
AAA(CRISIL) |
1.78 |
Indian Oil Corporation Ltd |
AAA(CRISIL) |
1.78 |
Bajaj Finance Ltd |
AAA(CRISIL) |
1.77 |
Power Finance Corporation Ltd |
AAA(CRISIL) |
0.89 |
Government Securities |
6.28 |
|
8.21% RAJASTHAN SDL UDAY 31-MAR-23 |
Sovereign |
3.60 |
8.91% UTTAR PRADESH SDL 20-SEP-22 |
Sovereign |
2.68 |
Treasury Bills |
21.84 |
|
Tri - party repo |
8.89 |
|
Other Current Assets |
-2.57 |
|
Grand Total ( Net Asset) |
100.00 |
% Allocation |
|
Net Current Assets |
-2.57% |
0 to 3 Months |
33.78% |
3 to 6 Months | 47.40% |
6 to 12 Months | 21.39% |
This product is suitable for investors who are seeking*: | |
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*Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
$ Source ICRA MFI Explorer | Monthend AUM as on 30.08.2022 | ^The expense ratios mentioned for the schemes includes GST on investment management fees.