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IDBI ULTRA SHORT TERM FUND

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

Fund Manager

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Mr. Bhupesh Kalyani

Total Experience: Over 19 Years (Managing the Scheme since 1st February, 2017)

Other Funds Managed by Mr. Bhupesh Kalyani - Click Here

Fund Information

IDCW stands for Income Distribution cum Capital Withdrawal

Fund Category

Ultra Short Duration Fund

Inception

03 Sep 2010

Benchmark

CRISIL Ultra Short Term Debt Index
Benchmark RiskometerBENCHMARK RISKOMETER
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*Investor should consult their financial advisors if in doubt about whether the product is suitable for them.

Entry Load

Not Applicable

Exit Load

Nil

Face Value

Rs. 1,000/- per unit

Returns

As of last business day of the month- September 2021

4.35%

Investment Essentials

Minimum Application Amount

Minimum Lumpsum Amount:
Rs. 5000/- and in multiples of Re. 1
Minimum Additional Lumpsum Amount:
Rs. 1000/- and in multiples of Re. 1
Systematic Investment Plan (SIP) Options
Monthly Option:
Rs. 500/- per month for a minimum period of 12 months
Or
Rs. 1000/- per month for a minimum period of 6 months

Quarterly Option:
Rs. 1500/- per quarter for a minimum period of 4 quarters

SCHEME LABEL

Riskometer
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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 that Macaulay duration of the portfolio is maintained between 3 months to 6 months
*Investor should consult their financial advisors if in doubt about whether the product is suitable for them.