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

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Raju Sharma (Since almost 3 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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