Rating : ★ ★ ★ ☆ ☆

IDFC Ultra Short Term Fund Regular Daily Reinvestment of Income Distribution cum cptl Wdrl opt

Debt

  

Ultra Short Duration Fund

NAV

10.0414 +0.0026

(as on 24 May, 2022)

RETURNS

4.03 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0%

Asset Size

4739.21 Cr.

(As of 15 May, 2022)

Benchmark

NIFTY Ultra Short Duration Debt TR INR

Riskometer

Investors understand that their principal will be at Risk.

Objective

The Scheme seeks to offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 3 to 6 months. There is no assurance or guarantee that the objectives of the scheme will be realised.

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Fund manager

Harshal Joshi

Exit load

N / A

Minimum sip

₹100

Minimum investment

₹100

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Rec Limited

4.75%

National Bank For Agriculture And Rural Development

4.58%

Housing Development Finance Corporation Ltd

4.32%

Rural Electrification Corporation Limited

3.87%

Sector Allocation

About the Scheme Type

Ultra Short Duration Mutual Funds invest in very short term debt securities with a small portion in longer term debt securities. Ultra Short Duration Mutual Fund maybe used by investors for both short term needs as well as Systematic Transfer Plans (STPs) as they hep investors avoid interest rate risks and offer better returns than most money market instruments. They invest in securities with a maturity period of both greater and less than 91 days and the typical investment horizon ranges from 1 week to 18 months. The returns from these attract capital gains which are taxable.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

★ ★ ★ ☆ ☆

Overview of IDFC Asset Management Company Limited

IDFC Asset Management Company Limited finds its roots back to 2000 when it was established and which has since gone on to become one of the largest fund houses in India (in terms of AUM). The IDFC Mutual Fund provides its services to institutional and retail investors and has developed a robust network to deliver consistent value to its investors across India. The IDFC Fund manages equity, fixed income, and balanced mutual funds for its clients and invests in public equity and fixed income markets of India. The firm obtains external research to complement its in- house research. IDFC Asset Management Company Limited operates as a subsidiary of IDFC Financial Holding Company Limited.