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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 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.