IDBI Ultra Short Term Fund Direct Growth
IDBI Ultra Short Term Fund Direct Growth

IDBI Ultra Short Term Fund Direct Growth

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Debt
Direct
Ultra Short Duration

NAV: ₹ 2471.6 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
7 people have invested ₹ 3.2L in mutual fund in the last three months

Fund Insights

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In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 5.65% return, outperforming this fund by 0.54%

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In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 6.48% return, outperforming this fund by 1.66% per annum

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In the last 5 years, PGIM India Ultra Short Duration Fund Direct Plan Growth has given 7.29% return, outperforming this fund by 1.38% per annum

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This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.25% which is lower than the category average expense ratio of 0.55%

Fund Performance as on (01-Jan-70)

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
0.5%
1.6%
3.1%
5.1%
4.8%
5.9%
Benchmark
0.5%
1.5%
2.7%
4.6%
4.4%
4.7%
About the Fund

IDBI Ultra Short Term Fund Direct Growth is a debt fund. This fund was started on  1 January, 2013. The fund is managed by Raju Sharma. This fund is suitable to keep your money safe.

Key parameters

1) IDBI Ultra Short Term Fund Direct Growth has a NAV of 2471.6271 as on 08-02-2023.

2) IDBI Ultra Short Term Fund Direct Growth has 206 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 0.25 %.

Fund Overview

Expense ratio
Expense ratio
0.25%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹206 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
6138.25%

Fund Distribution as on (31-Dec-22)

  • Debt & Cash 100%
Credit rating breakup
AAA
88.9%
AA
11.1%

Sector Allocation

Dec'22

Nov'22

Oct'22

Cash Equivalent

58.8%

Government

29.2%

Corporate

12.1%

Top Holdings as on (31-Dec-69)

  • Debt & Cash
Debt Holdings16
Holdings
Weight%
Holdings Trend
1M Change
Treps
Treps
38.43%
-44.1%
364 DTB 12102023
364 DTB 12102023
11.27%
0%
State Bank Of India
State Bank Of India
9.93%
0%
Sbm Bank (India) Limited
Sbm Bank (India) Limited
6.87%
100%
Punjab National Bank
Punjab National Bank
4.7%
100%

What changed

in last one month
  • Scheme
  • Portfolio
AUM decreased by 15.4 Cr in last 1M
Dec'69 return underperformed benchmark

Change in AUM

Dec'22
₹ 205.3 Cr
Nov'22
₹ 220.7 Cr
Oct'22
₹ 212.3 Cr

Fund Returns vs Benchmark

Jan'23
0.38%
0.38%
Dec'22
0.41%
0.34%
Nov'22
0.50%
0.44%
Fund Return
Benchmark Return

Fund Manager

Raju Sharma

Raju Sharma

Fund Manager of IDBI Ultra Short Term Fund Direct Growth, since 7 September 2022

AMC details

Fund House
IDBI Asset Management Limited
Total Schemes
Total AUM
₹3.78K Cr
as on 31-Dec-2022
Address
IDBI Asset Management Ltd.,5th floor, Mafatlal Centre,,Nariman Point,
Phone
+912266442800
Email
contactus@idbimutual.co.in

Fund 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 7.18% since inception which is more than its category average return of 7.05%
AUM size ₹206 Cr

AUM size ₹206 Cr

This fund has AUM of ₹206 Cr which is less than its category average of ₹ 2970 Cr
Expense Ratio 0.25%

Expense Ratio 0.25%

This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 0.6%

Frequently Asked Questions

The current NAV of IDBI Ultra Short Term Fund Direct Growth is 2471.58 as on 07-Feb-2023.
Existing (Absolute + CAGR)
IDBI Ultra Short Term Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.54%
0.54%
6 Month Returns
3.1%
3.1%
1 Year Returns
5.15%
5.15%
3 Years Returns
15.18%
4.82%
5 Years Returns
33.3%
5.92%
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.
0.25 as on January 2023
211 Cr as on January 2023
Yield to Maturity is 6.89 as on January 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 0.37 as on January 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
88.87
AA
11.13
Raju Sharma is the fund manager of IDBI Ultra Short Term Fund Direct Growth
The Exit load of IDBI Ultra Short Term Fund Direct Growth is 0%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.