ICICI Prudential Ultra Short Term Fund Direct Plan Growth
Debt
Direct
Ultra Short Duration
NAV: ₹ 25.6 as on 02-06-2023
Fund Performance
1146 people have invested ₹ 10.6Cr in ICICI Prudential Ultra Short Term Fund Direct Plan Growth in the last three months
Fund Insights
In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 6.91% return, outperforming ICICI Prudential Ultra Short Term Fund Direct Plan Growth by 0.19%
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 6.91% return, outperforming ICICI Prudential Ultra Short Term Fund Direct Plan Growth by 1.23% per annum
In the last 5 years, ICICI Prudential Ultra Short Term Fund Direct Plan Growth has outperformed all funds in its category
ICICI Prudential Ultra Short Term Fund Direct Plan Growth 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 0.55%
Over the last 3 months, ICICI Prudential Ultra Short Term Fund Direct Plan Growth has experienced a 2.3% drop in AUM moving from 13.26K Cr to 12.96K Cr
About the Fund
ICICI Prudential Ultra Short Term Fund Direct Plan Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Ritesh Lunawat, Manish Banthia. This fund is suitable to keep your money safe.
Key Parameters
- ICICI Prudential Ultra Short Term Fund Direct Plan Growth has a NAV of ₹25.6 as on 02-06-2023.
- ICICI Prudential Ultra Short Term Fund Direct Plan Growth has ₹12960 Cr worth of assets under management (AUM) as on 30-04-2023 and is more than category average.
- The fund has an expense ratio 0.4.
ICICI Prudential Ultra Short Term Fund Direct Plan Growth Overview
 | 0.39% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹12960 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 189.94% |
Fund Distribution as on (30-Apr-23)
Credit rating breakup
AAA
81.3%
AA
18.7%
Sector Allocation
Corporate
51.8%
Cash Equivalent
37.5%
Government
10.7%
Top Holdings of ICICI Prudential Ultra Short Term Fund Direct Plan Growth as on (31-May-23)
Debt Holdings80
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Treps | 20.27% | 0% | |
182 DTB 29062023 | 5.15% | 0% | |
National Bank For Agriculture And Rural Development | 4.33% | 0% | |
182 DTB 06072023 | 3.49% | 0% | |
Canara Bank | 2.63% | 0% |
See all
ICICI Prudential Ultra Short Term Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at 0.50% whereas the fund’s underlying benchmark Ultra Short Duration Index returns stands at 0.42% as on Apr'23
- This fund outperformed Ultra Short Duration Index by 0.08% in Apr'23
AUM Change
- AUM of the fund stands at 12.6K Cr as of Apr'23
- AUM increased by 1.9K Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Peer Analysis
ICICI Prudential Ultra Short Term Fund Direct Plan Growth Fund Manager
Ritesh Lunawat
Fund Manager of ICICI Prudential Ultra Short Term Fund Direct Plan Growth, since 15 June 2017
Top funds managed
Manish Banthia
Fund Manager of ICICI Prudential Ultra Short Term Fund Direct Plan Growth, since 15 November 2016
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 8.12% since inception which is more than its category average return of 7.13%
AUM size ₹12960 Cr
This fund has AUM of ₹12960 Cr which is more than its category average of ₹ 2988 Cr
Expense Ratio 0.39%
This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.63%
Frequently Asked Questions
The current NAV of ICICI Prudential Ultra Short Term Fund Direct Plan Growth is ₹25.65 as on 02-Jun-2023.
Existing (Absolute + CAGR) as on 02-Jun-2023.
ICICI Prudential Ultra Short Term Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.67% | 0.67% |
6 Month Returns | 3.75% | 3.75% |
1 Year Returns | 6.72% | 6.72% |
3 Years Returns | 18.03% | 5.68% |
5 Years Returns | 39.11% | 6.83% |
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 May 2023
₹12960 Cr as on May 2023
Treps(20.27%), 182 DTB 29062023(5.15%), National Bank For Agriculture And Rural Development(4.33%), 182 DTB 06072023(3.49%), Canara Bank(2.63%) as on May 2023
Corporate(50.89%), Cash Equivalent(39.91%), Government(9.2%) as on May 2023
Yield to Maturity is 7.57 as on May 2023. 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 0.38 as on May 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 81.28 |
AA | 18.72 |
Ritesh Lunawat, Manish Banthia are the fund managers of ICICI Prudential Ultra Short Term Fund Direct Plan Growth
The Exit load of ICICI Prudential Ultra Short Term Fund Direct Plan Growth is 0%