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This Fund:
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Showing Funds Performance since Sep 07, 2020

Fund Overview

Min. investment

SIP ₹500 & Lump. ₹5000

AUM (Fund size)

₹430 Cr

Lock In Period

N/A

Expense Ratio

0.4

Benchmark

CRISIL Low Duration Debt Index

Exit Load

Nil

Summary

Latest details for IDBI Ultra Short Term Fund Growth include a ₹2418.0103 NAV as of Jul 12,2023 and returns since inception of 15.10%. Minimum investments start at SIP ₹500. The IDBI Ultra Short Term Fund Growth AUM is ₹430 Cr, with a lock-in of N/A years, expense ratio of 0.4%, and benchmark CRISIL Low Duration Debt Index. Exit load is - Nil. In the growth review for 1M Month/Year, the fund recorded 0.51% returns, against a category average of 1.34% and a category best of 265.31%.

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Growth Review

DurationFund Return(%)Category Average(%)Category Best(%)
1M0.511.34265.31
6M3.321.49195.09
1Y6.285.67195.09
3Y4.8014.5931.95

Portfolio Analysis

  • Equity:
  • Debt: 100.00%
  • Others
As on: 2023-07-15
View allocation % by

1. TREPS25.68%
2. 364 DAY T-BILL 12.10.2317.10%
3. 182 DAY T-BILL 21.12.2316.88%
4. 364 DAY T-BILL 06.06.2416.37%
5. 91 DAY T-BILL 10.08.236.92%
6. Net Receivable / Payable0.18%

1. State Bank of India15.13%

1. Udaipur Cement Works Ltd.1.74%

About Fund

IDBI Ultra Short Term Fund Growth managed by IDBI Mutual Fund,is a Ultra Short Term Planscheme with Assets Under Management of ₹430 Crore. The fund benchmarks its performance against the CRISIL Low Duration Debt Index while maintaining an expense ratio of 0.4. Under the expert guidance of Raju Sharma ,the fund implements a disciplined investment approach aligned with its mandate. The scheme requires a minimum investment of ₹500 for SIP and ₹1,000 for lump sum investments, making it accessible to diverse investor profiles.

Fund Managers

Raju Sharma

Mr. Raju is a Commerce graduate and holds a degree of CA and LLB. He has over 20 years of work experience in the financial services industry. He has exposure to fixed income fund management, investment banking, treasury, debt broking etc. Prior to joining Indiabulls Asset Management Company Limited, he was working in the capacity of Senior Fund Manager and Head Cash & Hybrid Funds with Tata Asset Management Limited. He has also worked with broking companies and NBFCs.

Peer Comparison

Fund NameRatingsAUMExpense Ratio
This FundIDBI Ultra Short Term Fund Growth0430.36 CR0.4
This FundFranklin India Ultra Short Bond Fund - Institutional Plan Growth0296.53 CR0.66
This FundFranklin India Ultra Short Bond Fund - Super Institutional Growth0296.53 CR0.52
Fund Name1Y3Y
This FundIDBI Ultra Short Term Fund Growth6.392715.0726
This FundFranklin India Ultra Short Bond Fund - Institutional Plan Growth13.688828.4789
This FundFranklin India Ultra Short Bond Fund - Super Institutional Growth13.688628.6768

FAQs

IDBI Ultra Short Term Fund Growth's fund is managed by experienced SEBI-registered investment fund manager , who implements the fund's strategy through research-backed decisions while adhering to its stated objectives.

The expense ratio of IDBI Ultra Short Term Fund Growth is 0.4. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.

IDBI Ultra Short Term Fund Growth’s fund performance is as follows:
  • 1 Month : 0.51%
  • 6 Months : 3.32%
  • 1 Year : 6.28%
  • 3 Years : 4.80%
Returns of IDBI Ultra Short Term Fund Growth are updated daily based on NAV of ₹ 2418.0103 as on Jul 12,2023. Since inception, the return has been 15.10%.

You can invest in IDBI Ultra Short Term Fund Growth through SIP with a minimum of ₹500 monthly or make a lump sum investment of a minimum ₹1,000. Additional purchase minimums vary by scheme.

The fund size (AUM) of IDBI Ultra Short Term Fund Growth is ₹430 crore. It changes based on market performance, inflows, and outflows.

You can track your investment in IDBI Ultra Short Term Fund Growth through our website, our Choice FinX mobile app, regular statements, and email updates. Our customer support team is available for queries.
Min Inv Amount: ₹500