Product Snapshot

 
Fund Name
IDBI ULTRA SHORT TERM FUND  
 
Nature
An open ended ultra short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months.#
# please refer to the Scheme Information Document (SID) on which the concept of Macaulay’s duration has been explained.
Investment Objective The objective of the Scheme will be to provide investors with regular income for their investment by investing in debt and money market instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months. However, there can be no assurance that the investment objective of the Scheme will be realized.
Asset Allocation The asset allocation pattern for the scheme is detailed in the table below:
Instrument Indicative allocation (% of total Assets) Risk Profile
Debt and Money Market Instruments* Up to 100% Low to Medium
Units issued by Real Estate Investment Trusts (REITs) & Investment & Infrastructure Investment Trusts (InvITs) Up to 10% Medium to High

*Under normal circumstances, Macaulay duration of the portfolio will be maintained between 3 months to 6 months.
Fund Manager Mr. Bhupesh Kalyani
BenchmarkCRISIL Liquid Fund Index
Face ValueRs. 1000/- per unit.
Entry Load Not Applicable
Exit Load NIL
Plans & Options
The Scheme offers following plans for investment :-
  1. Regular Plan
  2. Direct Plan

Within each Plan there are two Options:
  1. Dividend Option
  2. Growth Option

The Dividend Option under both the Plans offers following frequency of Dividend declaration:
Sub-Option under Dividend Option Record date/day Mode of dividend
Daily Daily Compulsory reinvestment. No payout / sweep
Weekly Monday Payout / Reinvestment / Dividend Sweep
Monthly 25th of every month Payout / Reinvestment / Dividend Sweep
Minimum Investment Rs. 5000 and in multiples of Re. 1 thereafter.
Additional Purchase Rs.1000 and in multiples of Re. 1 thereafter.
Systematic Investment Plan (SIP)
Monthly option - Rs. 500 per month for a minimum period of 12 months or Rs. 1,000 per month for a minimum period of six months.
Quarterly Option - Rs.1,500 per quarter for a minimum period of 4 quarters. Investments above the minimum amount mentioned, shall be made in multiples of Re.1 for all SIP irrespective of frequency of SIP or the Option.
Systematic Transfer Plan (STP)
Minimum balance in the Scheme should be Rs.25,000/- at the time of enrollment.
Sub-options for STP Eligible dates for effect Minimum amount per transfer* Daily STP amount per transfer Minimum term / duration applicable
Daily All Business days Rs.200/- Rs. 200/- to less than Rs. 500/-
Rs. 500/- to less than Rs. 1,000/-
Rs. 1,000/- and above
30 Business days

12 Business days

6 Business days
Weekly 1st Business day of the week Rs. 1,000/- Weekly STP : 12 Installments; -
Monthly 1st, 5th, 10th, 15th, 20th and 25th day of the month Rs. 1,000/- Monthly STP : 12 Installments; -
Quarterly 1st, 5th, 10th, 15th, 20th and 25th day of first month of the each quarter Rs. 2,500/- Quarterly STP : 4 Installments -
(*Multiples of Re.1/- thereafter except under IEAF where STP will be made at a minimum of Rs.500/- and in multiples of Rs.500/- thereafter.)
Systematic withdrawal Plan (SWP)
Minimum balance in the Scheme should be Rs.25,000/- at the time of enrollment.
Minimum amount for each withdrawal is Rs.1000/- and in multiples of Re.1/- thereafter for a minimum period of 6 months. Withdrawal on 25th of each month or, if 25th is a holiday, then the next effective business day.
Taxation
IDBI Ultra Short Term Fund Resident Investor** Mutual Fund**
Tax on Dividend (Dividend Distribution Tax) NIL Individual / HUF - 25% (plus applicable surcharge & cess) Others- 30% (plus applicable surcharge & cess)
Capital Gain    
Long Term
(for units held for more than 36 months)
20% p.a. with indexation (plus applicable surcharge & cess) NIL
Short Term Rates applicable to Unitholders as per their income slabs (plus applicable surcharge & cess) NIL

** For further details on taxation please refer to the Section on Taxation in the SAI and also independently refer to your tax advisor and to the latest Tax Reckoner. Investors should be aware that the fiscal rules/ tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of the individual nature of the tax consequences, each investor is advised to consult his/ her own professional tax advisor.
Riskometer
This product is suitable for investors who are seeking*:
  • Regular income for short term
  • Investments in Debt/Money Market Instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.