ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl

Debt
Direct
Ultra Short Duration
ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl

About the Fund

ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl is a debt fund. This fund was started on 6 May, 2021. The fund is managed by Vikrant Mehta. This fund is suitable to keep your money safe.

Key Parameters

  1. ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl has ₹180 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl has given a CAGR return of 5.74% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.46% and 5.87% respectively.

Holdings

ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are National Housing Bank, NTPC Ltd., Kotak Mahindra Bank Ltd., HDFC Bank Limited, L & T Finance Holdings 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 ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl

The investment objective of the Scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months. 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 500.00. ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.1%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹180 Cr
Inception Date6 May, 2021
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
673.44%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Cash Equivalent
66.9%
Corporate
26.1%
Government
7%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
National Housing Bank
National Housing Bank
9.59%
100%
NTPC Ltd.
NTPC Ltd.
9.54%
0%
Kotak Mahindra Bank Ltd.
Kotak Mahindra Bank Ltd.
9.53%
0%
HDFC Bank Limited
HDFC Bank Limited
9.29%
0%
L & T Finance Holdings Limited
L & T Finance Holdings Limited
8.16%
0%

Vikrant Mehta
Vikrant Mehta
Fund Manager of ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl, since 6 May 2021

ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 5.74% since inception which is less than its category average return of 7.18%
AUM size ₹180 Cr

AUM size ₹180 Cr

This fund has AUM of ₹180 Cr which is less than its category average of ₹ 3190 Cr
Expense Ratio 0.1%

Expense Ratio 0.1%

This fund has an expense ratio of 0.1% which is less than its category average expense ratio of 0.63%

Frequently Asked Questions

The current NAV of ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl is ₹1195.94 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.64%
0.64%
6 Month Returns
3.7%
3.7%
1 Year Returns
7.46%
7.46%
3 Years Returns
18.66%
5.87%
5 Years Returns
0%
0%
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.
0.1% as on June 2024
₹180 Cr as on June 2024
National Housing Bank(9.59%), NTPC Ltd.(9.54%), Kotak Mahindra Bank Ltd.(9.53%), HDFC Bank Limited(9.29%), L & T Finance Holdings Limited(8.16%) as on June 2024
Cash Equivalent(66.9%), Corporate(26.1%), Government(7%) as on June 2024
Yield to Maturity is 7.16 as on June 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 0.45 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Vikrant Mehta is the fund manager of ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl
The Exit load of ITI Ultra Short Duration Fund Direct Annually Payout Inc Dist cum Cap Wdrl is 0%