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 31, 2023)
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 Debt B-I 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 : 0.44% |
Monthend AUM# | ₹ 580.60 Crores |
Monthly AVG AUM | ₹ 571.02 Crores |
(as on August 31, 2023) | (₹) |
Direct Plan - Daily IDCW (reinvestment) | 1,240.7100 |
Direct Plan - Growth Option | 3,545.5923 |
Direct Plan - IDCW (payout/reinvestment) | 2,029.4338 |
Direct Plan - Monthly IDCW (payout/reinvestment) | 1,001.0276 |
Regular Plan - IDCW (payout) | 1,383.3230 |
Regular Plan - Daily IDCW (reinvestment) | 1,240.7100 |
Regular Plan - Growth Option | 3,367.2435 |
Regular Plan - Monthly IDCW (payout/reinvestment) | 1,001.0137 |
Regular Plan - Weekly IDCW (payout/reinvestment) | 1,240.9534 |
Direct Plan - Weekly IDCW (payout/reinvestment) | 1,240.9703 |
Annualised Portfolio YTM | 7.14% |
Modified Duration | 0.38 Years |
Residual Maturity | 0.42 Years |
Macaulay Duration | 0.42 Years |
Name of the Instruments |
Rating |
% to NAV |
Debt Instruments |
|
38.50 |
Reliance Industries Ltd |
AAA(CRISIL) |
4.31 |
LIC Housing Finance Ltd |
AAA(CRISIL) |
4.30 |
Larsen & Toubro Ltd |
AAA(CRISIL) |
4.30 |
National Bank For Agriculture & Rural Development |
AAA(ICRA) |
4.27 |
Bajaj Housing Finance Ltd |
AAA(CRISIL) |
4.27 |
Small Industries Development Bank Of India |
AAA(ICRA) |
4.27 |
REC Ltd |
AAA(CRISIL) |
4.26 |
Sundaram Finance Ltd |
AAA(CRISIL) |
4.26 |
Indian Oil Corporation Ltd |
AAA(CRISIL) |
4.26 |
Money Market Instruments |
|
60.45 |
Small Industries Development Bank Of India |
A1+(CARE) |
4.30 |
Bank of Baroda |
A1+(IND) |
4.25 |
Axis Bank Ltd |
A1+(CRISIL) |
4.24 |
ICICI Bank Ltd |
A1+(ICRA) |
4.24 |
HDFC Bank Ltd |
A1+(CARE) |
4.22 |
Kotak Mahindra Bank Ltd |
A1+(CRISIL) |
4.17 |
Kotak Mahindra Prime Ltd |
A1+(CRISIL) |
4.17 |
Mahindra & Mahindra Financial Services Ltd |
A1+(CRISIL) |
4.11 |
Treasury Bills |
|
19.49 |
TREPS |
|
7.26 |
Other Current Assets |
|
1.05 |
Grand Total ( Net Asset) |
|
100.00 |
% Allocation |
|
Net Current Assets |
1.04% |
0 to 3 Months |
39.71% |
3 to 6 Months | 33.90% |
6 to 12 Months | 16.78% |
1 to 2 Years | 8.57% |
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 / Quantitative Information as on 31.08.2023 | ^The expense ratios mentioned for the schemes includes GST on investment management fees. Please click here for disclaimers