February 15, 2025
mayank
ITI Ultra Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,244.1182
Yearly NAV IDCW: Rs 1,245.7001
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 regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 – 6 months.
Fund Manager:
1) Laukik Bagwe
Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)
Experience: Prior to joining ITI Mutual fund he has worked with DSP Mutual Fund, Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ITI Ultra Short Duration Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 05-May-21 |
| Return Since Launch | 5.94% |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 317 Cr |
| (As on 31-Jan-2025) | |
| Expense | 0.14% |
| (As on 31-Jan-2025) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Trailing Returns (%) of ITI Ultra Short Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Ultra Short Duration Dir | 0.86 | 0.01 | 0.61 | 1.74 | 3.62 | 7.45 | 6.57 | — | — | — |
| CCIL T Bill Liquidity Weight | 0.68 | 0.03 | 0.50 | 1.14 | 2.33 | 4.85 | 4.05 | — | — | — |
| Debt: Ultra Short Duration | 0.88 | 0.02 | 0.64 | 1.78 | 3.70 | 7.66 | 6.69 | — | — | — |
| Rank within category | 23 | 22 | 25 | 20 | 20 | 21 | 19 | — | — | — |
| Number of funds in category | 26 | 26 | 26 | 25 | 24 | 24 | 24 | 22 | 11 | 11 |
Peer Comparison of ITI Ultra Short Duration Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| ITI Ultra Short Duration Dir | 3 star | 7.45 | 6.57 | — | 0.14 | 317 | 5.94 | — | 3Y 9M |
| ICICI Pru Ultra Short Term Dir | 5 star | 7.84 | 6.88 | 6.36 | 0.39 | 13,813 | 8.02 | — | 12Y 1M |
| Nippon India Ultra Short Duration Dir | 5 star | 8.00 | 7.08 | 6.99 | 0.38 | 7,666 | 7.20 | — | 12Y 1M |
| Axis Ultra Short Duration Dir | 4 star | 7.86 | 6.93 | 6.12 | 0.36 | 5,681 | 6.67 | — | 6Y 5M |
| Tata Ultra Short Term Dir | 4 star | 7.85 | 6.86 | 5.97 | 0.30 | 4,965 | 6.25 | — | 6Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 15 | 55 |
| Macaulay Duration (yrs) | 0.30 | 0.45 |
| Average Maturity (yrs) | 0.30 | 0.51 |
| Yield to Maturity (%) | 7.21 | 7.53 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For ITI Ultra Short Duration Fund
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