Item: IDBI Ultra Short Term Fund Direct Growth
Rating: 4
Author: Morningstar

Home › Mutual Funds › IDBI Mutual Fund › IDBI Ultra Short Term Fund Direct Growth

2489.531 (0.027%)

NAV on March 21, 2023

Category Fixed income:
Ultra Short Duration

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 187 cr

Turnover Ratio 6138.25%

Expense Ratio 0.25%

Exit Load -

Returns

1M: 0.52%
1Y: 5.38%
3M: 1.57%
3Y: 5.06%
6M: 3.15%
5Y: 5.88%

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Raju Sharma (Since 7 months)

ISIN INF397L01AV4

Fund Family IDBI

Launch Date January 01, 2013

Benchmark CRISIL Ultra Short Duration TR INR

Avg. Maturity 0.38 years

Yield To Maturity (%) 7.15%

INVESTMENT OBJECTIVE

The objective of the Scheme will be to provide investors with regular income for their investment by investing in debt and money market instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months. However, there can be no assurance that the investment objective of the Scheme will be realized.

You will not receive any dividends. Your investments will get the largest benefit of compounding.

View Factsheet

Top Rated
Top Performing

Top Ultra Short Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
ICICI Prudential Ultra Short Term Fund Direct Plan Growth	25.227	5.66%	12,447 cr	0.39%	Average
Kotak Savings Fund Direct Growth	37.953	5.54%	12,085 cr	0.37%	Average
PGIM India Ultra Short Duration Fund Direct Plan Growth	30.180	5.52%	405 cr	0.27%	Below Average
Aditya Birla Sun Life Savings Fund Direct Plan Growth	468.901	5.49%	13,831 cr	0.34%	Above Average
UTI - Ultra Short Term Fund - Direct Plan - Growth Option	3837.202	5.41%	2,131 cr	0.45%	High
Invesco India Ultra Short Term Fund Direct Plan Growth	2429.365	5.41%	818 cr	0.24%	Average

Best Ultra Short Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
Nippon India Ultra Short Duration Fund Direct Growth Option	3731.401	5.94%	5,115 cr	0.38%	High
Axis Ultra Short Term Fund Direct Growth	13.153	5.68%	4,360 cr	0.31%	Below Average
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth	1319.866	5.66%	561 cr	0.22%	Below Average
ICICI Prudential Ultra Short Term Fund Direct Plan Growth	25.227	5.66%	12,447 cr	0.39%	Average
Sundaram Ultra Short Duration Fund- Direct Plan - Growth Option	2472.816	5.66%	818 cr	0.17%	Low
Tata Ultra Short Term Fund Direct Growth	12.544	5.55%	1,621 cr	0.25%	Low
Kotak Savings Fund Direct Growth	37.953	5.54%	12,085 cr	0.37%	Average