Item: IDBI Ultra Short Term Fund Direct Monthly Reinvestment of Income Distribution cum Cap Wdrl
Rating: 3
Author: Morningstar

Home › Mutual Funds › IDBI Mutual Fund › IDBI Ultra Short Term Fund Direct Monthly Reinvestment of Income Distribution cum Cap Wdrl

1453.225 (0.019%)

NAV on July 28, 2023

Category Fixed income:
Ultra Short Duration

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 144 cr

Turnover Ratio 3858.51%

Expense Ratio 0.25%

Exit Load -

Returns

1M: Positive return: 0.53%
1Y: Positive return: 6.06%
3M: Positive return: 1.66%
3Y: Positive return: 4.90%
6M: Positive return: 3.45%
5Y: Positive return: 5.24%

Min Investment 5,000

This is with reference to our Notice no. 04/2019-20 dated June 6, 2019 regarding temporary suspension of subscriptions in the Schemes mentioned therein. It has now been decided to reopen the subscriptions under the below mentioned schemes w.e.f November 4, 2019:

ADDITIONAL INFO

Fund Manager Raju Sharma (Since about 4 years)

ISIN INF397L01AR2

Fund Family IDBI

Launch Date January 01, 2013

Benchmark CRISIL Ultra Short Duration TR INR

Avg. Maturity 0.35 years

Yield To Maturity (%) 6.83%

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.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

View Factsheet

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Top Ultra Short Duration Funds

Name	Latest NAV	Returns 1y	Fund Assets	Expense Ratio	Risk
Tata Ultra Short Term Fund Direct Growth	₹ 16.173	7.03%	₹ 6,495 cr	0.32%	Below Average
Nippon India Ultra Short Term Fund Direct Growth Option	₹ 4822.917	7.01%	₹ 12,228 cr	0.34%	Below Average
Axis Ultra Short Term Fund Direct Growth	₹ 16.933	6.81%	₹ 6,039 cr	0.36%	Below Average
Invesco India Ultra Short Term Fund Direct Plan Growth	₹ 3116.799	6.78%	₹ 1,497 cr	0.21%	Average
ICICI Prudential Ultra Short Term Fund Direct Plan Growth	₹ 32.437	6.72%	₹ 15,974 cr	0.41%	Average
Aditya Birla Sun Life Ultra Short Term Fund Direct Plan Growth	₹ 604.333	6.66%	₹ 18,819 cr	0.27%	Above Average
Kotak Ultra Short Term Fund Direct Growth	₹ 48.537	6.58%	₹ 15,921 cr	0.37%	Average

IDBI Ultra Short Term Fund Direct Monthly Reinvestment of Income Distribution cum Cap Wdrl

previously known as IDBI Ultra Short Term Dir Mn DR until April 01, 2021

ADDITIONAL INFO

Asset Allocation

CREDIT QUALITY (%)

RISK MEASURES (3 yrs)

INVESTMENT OBJECTIVE

Top Ultra Short Duration Funds