July 18, 2022
mayank
ICICI Prudential Ultra Short Term Fund Guidance
NAV Growth : Rs 24.1906
NAV IDCW Weekly : Rs 10.0893
Suitable For Which Investors ?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy :
The scheme seeks to generate income through investments in a range of debt and money market instruments.
Fund Manager :
— Manish Banthia
Education : Mr. Banthia is B.Com, CA and MBA
Experience : He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC – Fixed Income Investments – Aug 2007 to Oct 2009, ICICI Prudential AMC – New Product Development – Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. – From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. – From May 2004 to May 2005.
— Ritesh Lunawat
Education : Mr. Lunawat is B.Com and Chartered Accountant.
Experience : He has been Working with ICICI Prudential AMC Since September 2013.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 8.21% |
| Benchmark: | CRISIL Ultra Short Duration Fund BI Index |
| Riskometer: | Moderate |
| Type: | Open-ended |
| % Assets: | Rs 10,489 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.39% |
| (As on 31-May-2022) | |
| Risk Grade: | Low |
| Return Grade: | High |
ICICI Prudential Ultra Short Term Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Ultra Short Term Direct-G | 2.26 | 0.02 | 0.09 | 0.52 | 1.07 | 2.06 | 4.26 | 6.01 | 6.81 | 7.82 | — |
| CCIL T Bill Liquidity Weight | 1.03 | 0.03 | 0.04 | 0.3 | 0.44 | 0.94 | 2.01 | 2.67 | 3.3 | 3.67 | — |
| Debt: Ultra Short Duration | 2.07 | 0.01 | 0.09 | 0.49 | 0.97 | 1.89 | 3.92 | 5.13 | 5.63 | 6.33 | — |
| Rank within category | 4 | 2 | 12 | 5 | 2 | 3 | 4 | 4 | — | — | — |
| Number of funds in category | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 22 | 14 | 14 | 0 |
ICICI Prudential Ultra Short Term Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Ultra Short Term Fund | 5 star | Jan-13 | 4.26 | 6.01 | 6.81 | 0.39 | 10,489 |
| Aditya Birla Sun Life Savings Fund | 4 star | Jan-13 | 4.09 | 5.7 | 6.54 | 0.33 | 14,161 |
| HDFC Ultra Short Term Fund | 4 star | Sep-18 | 3.82 | 5.35 | — | 0.34 | 12,720 |
| Kotak Savings Fund | 4 star | Jan-13 | 3.9 | 5.22 | 6.21 | 0.36 | 11,303 |
| Axis Ultra Short Term Fund | 5 star | Sep-18 | 4.07 | 5.42 | — | 0.3 | 5,342 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 85 | 101 | 82 | 36 |
| Modified Duration (yrs) | 0.34 | 0.4 | 0.23 | — |
| Average Maturity (yrs) | 0.37 | 0.5 | 0.28 | — |
| Yield to Maturity (%) | 5.74 | 5.74 | 4.28 | — |
| Avg Credit Rating | AAA | — | — | — |
ICICI Prudential Ultra Short Term Fund Guidance by Chanakya :
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