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 over 1 year)

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

Top Rated
Top Performing

Top Ultra Short Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
Aditya Birla Sun Life Savings Fund Direct Plan Growth	509.084	7.74%	11,837 cr	0.39%	Average
ICICI Prudential Ultra Short Term Fund Direct Plan Growth	27.382	7.70%	12,907 cr	0.39%	Below Average
Axis Ultra Short Term Fund Direct Growth	14.278	7.68%	4,484 cr	0.29%	Below Average
UTI - Ultra Short Duration Fund - Direct Plan - Growth Option	4159.842	7.58%	2,093 cr	0.43%	High
HDFC Ultra S/T Fund Direct Growth	14.165	7.55%	12,537 cr	0.36%	Average
Invesco India Ultra Short Duration Fund Direct Plan Growth	2632.350	7.53%	614 cr	0.24%	Average
Kotak Savings Fund Direct Growth	41.126	7.49%	14,443 cr	0.37%	Average

Best Ultra Short Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
Axis Ultra Short Term Fund Direct Growth	14.278	7.68%	4,484 cr	0.29%	Below Average
Tata Ultra Short Term Fund Direct Growth	13.610	7.67%	2,669 cr	0.31%	Below Average
Mirae Asset Ultra Short Duration Fund Direct Growth	1207.747	7.65%	1,489 cr	0.22%	Below Average