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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
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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

NAV

As on 13 May 22

IDCW stands for Income Distribution cum Capital Withdrawal

Fund Category

Ultra Short Duration Fund

Inception

03 Sep 2010

Benchmark

CRISIL Ultra Short Duration Fund B-I 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- March 2022

4.01%

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.

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.

Who should Invest?

  • Investors looking for relatively better yield over liquid fund while keeping interest rate volatility relatively lower
  • Investors requiring temporary deployment of funds for 3-6 months period before allocating into other asset classes
  • Investors looking towards steady returns and liquidity over the near to short term
  • Investors looking to augment their returns from other than the conventional fixed income avenues like banks, FDs, post office deposits and bonds etc.
  • Investors who are looking for systematic transfer plan to equity oriented schemes

Portfolio as on 31/3/2022

*Rounded off to the nearest two digits after the decimal point.

Scheme Performance as of last business day of the month - March 2022

Regular Plan

Schemes managed by Fund Manager (FM) - Mr. Bhupesh Kalyani     Experience - Over19 years
Returns (in %)Value of Rs. 10,000/- invested
PeriodSchemeBenchmark# Additional Benchmark##Scheme (Rs.)Benchmark# (Rs.) Additional Benchmark## (Rs.)
1 year4.014.323.7610,40110,432 10,376
3 years4.955.715.2811,56411,81711,671
5 years5.616.465.8213,14213,67613,272
Since Inception (SI) Date: 03 September, 2010 7.277.776.5922,54023,79220,937
FM managing this Scheme since 1st February 2017
# CRISIL Ultra Short Term Debt Index, ## CRISIL 1 Year T-Bill Index

Direct Plan

Schemes managed by Fund Manager (FM) - Mr. Bhupesh Kalyani     Experience - Over19 years
Returns (in %)Value of Rs. 10,000/- invested
PeriodSchemeBenchmark# Additional Benchmark##Scheme (Rs.)Benchmark# (Rs.) Additional Benchmark## (Rs.)
1 year4.354.323.7610,43510,432 10,376
3 years5.355.715.2811,69811,81711,671
5 years6.186.465.8213,50013,67613,272
Since Inception (SI) Date: 03 September, 2010 7.367.466.5519,29019,45517,985
FM managing this Scheme since 1st February 2017
# CRISIL Ultra Short Term Debt Index, ## CRISIL 1 Year T-Bill Index
Past Performance may or may not be sustained in the future. Returns pertain to growth option under Regular & Direct Plan. The returns are Compounded Annual Growth Returns (CAGR) for past 1 year, 3 years, 5 years & since inception period and annualised for the period below 1 year. The Regular and Direct Plan of IDBI Mutual Fund have different expense structure.
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Scheme Name Option NAV Per Unit(Rs) NAV Date