ICICI Prudential Ultra Short Term Fund Direct Growth

ICICI Prudential Ultra Short Term Fund Direct Growth

Debt

Direct

Ultra Short Duration

NAV as on 06-12-2024

₹ 28.66

Inception Returns

8.1%

/yr

About ICICI Prudential Ultra Short Term Fund Direct Growth

ICICI Prudential Ultra Short Term Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Manish Banthia, Ritesh Lunawat. This fund is suitable to keep your money safe.

Key Parameters

  1. ICICI Prudential Ultra Short Term Fund Direct Growth has ₹14358 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

ICICI Prudential Ultra Short Term Fund Direct Growth has given a CAGR return of 8.06% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.88%, 6.71% and 6.42% respectively.

Holdings

ICICI Prudential Ultra Short Term Fund Direct Growth has allocated its funds majorly in Corporate, Energy, Cash Equivalent, Industrial, Financial Services, Basic Materials, Government, Securitize, Health. Its top holdings are Punjab National Bank, 364 Days T - Bill- 06/02/2025, 364 DTB 13032025, Rbl Bank Limited, LIC Housing Finance Limited

Taxation

As it is a ultra short duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of ICICI Prudential Ultra Short Term Fund Direct Growth

To generate income through investments in a range of debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. ICICI Prudential Ultra Short Term Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
809 people have invested ₹ 7.1Cr in ICICI Prudential Ultra Short Term Fund Direct Growth in the last three months

ICICI Prudential Ultra Short Term Fund Direct Growth Overview

Expense ratio0.39%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹14358 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
196.76%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (06-Dec-24)

Period
ICICI Prudential Ultra Short Term Fund Direct Growth
Ultra Short Duration Index
1M
0.6%
0.5%
3M
1.9%
1.6%
6M
3.8%
3.3%
1Y
7.9%
7%
3Y
6.7%
6%
5Y
6.4%
5.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
83.8%

AA
16.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
57%
Corporate
29.8%
Government
12.5%
Securitize
0.7%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 14.2K Cr
₹ 13.8K Cr
₹ 15K Cr
  • AUM of the fund stands at 14.2K Cr as of Oct'24
  • AUM increased by 449.4 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 58.4% to 59%
Cash allocation has gone up from 58.4% to 59%
Debt allocation has gone down from 41.3% to 40.8%
Debt allocation has gone down from 41.3% to 40.8%

Top 3 Sectors in October were Corporate, Energy & Industrial

Oct'24
Energy
40%
Corporate
30%
Industrial
28%
Sep'24
Corporate
61%
Energy
40%
Industrial
28%
  • Debt & Cash

Holdings
Weight%
1M Change
Punjab National Bank
Punjab National Bank
4.1%
0%
364 Days T - Bill- 06/02/2025
364 Days T - Bill- 06/02/2025
2.75%
0%
364 DTB 13032025
364 DTB 13032025
2.73%
0%
Rbl Bank Limited
Rbl Bank Limited
2.72%
0%
LIC Housing Finance Limited
LIC Housing Finance Limited
2.68%
14.9%
Loading...
We are taking more time than usual
Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Ultra Short Term Fund Direct Growth, since 15 November 2016
Ritesh Lunawat
Ritesh Lunawat
Fund Manager of ICICI Prudential Ultra Short Term Fund Direct Growth, since 15 June 2017
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 16.7% growth in AUM moving from 12.30K Cr to 14.35K Cr.
Insights icon
In the last 5 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.08% return, outperforming this fund by 0.66% per annum.
Insights icon
This fund expense ratio is slightly on the lower side within the category (ultra short duration). Its expense ratio is 0.39% which is lower than the category average expense ratio of 0.56%.
Insights icon
In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 8.03% return, outperforming this fund by 0.15%.
Insights icon
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 6.94% return, outperforming this fund by 0.23% per annum.

ICICI Prudential Ultra Short Term Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.06% since inception which is more than its category average return of 7.17%
AUM size ₹14358 Cr

AUM size ₹14358 Cr

This fund has AUM of ₹14358 Cr which is more than its category average of ₹ 3599 Cr
Expense Ratio 0.39%

Expense Ratio 0.39%

This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.61%

Frequently Asked Questions for ICICI Prudential Ultra Short Term Fund Direct Growth

The current NAV of ICICI Prudential Ultra Short Term Fund Direct Growth is ₹28.66 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
ICICI Prudential Ultra Short Term Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.6%
0.6%
6 Month Returns
3.81%
3.81%
1 Year Returns
7.88%
7.88%
3 Years Returns
21.51%
6.71%
5 Years Returns
36.48%
6.42%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.39% as on November 2024
₹14358 Cr as on November 2024
Punjab National Bank(4.1%), 364 Days T - Bill- 06/02/2025(2.75%), 364 DTB 13032025(2.73%), Rbl Bank Limited(2.72%), LIC Housing Finance Limited(2.68%) as on November 2024
Corporate(49.84%), Cash Equivalent(40.12%), Government(9.33%) as on November 2024
Yield to Maturity is 7.53 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.42 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
83.79
AA
16.21
Manish Banthia, Ritesh Lunawat are the fund managers of ICICI Prudential Ultra Short Term Fund Direct Growth
The Exit load of ICICI Prudential Ultra Short Term Fund Direct Growth is 0%