August 23, 2023
mayank
Tata Ultra Short Term Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 12.9458
NAV IDCW Weekly: Rs 10.4023
Monthly NAV IDCW: Rs 13.0269
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 returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months – 6 months.
Fund Manager:
1) Akhil Mittal
Education: Mr. Mittal is B.Com (H) and MBA from University Business School.
Experience: Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Tata Ultra Short Term Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 22-Jan-19 |
| Return Since Launch | 5.79% |
| Benchmark | CRISIL Ultra Short Duration Debt B-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 1,669 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.25% |
| (As on 31-Jul-2023) | |
| Risk Grade | Below Average |
| Return Grade | Average |
Tata Ultra Short Term Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Ultra ST Dir | 4.75 | 0.02 | 0.58 | 1.75 | 3.77 | 6.99 | 5.05 | — | — | — |
| CCIL T Bill Liquidity Weight | 2.72 | 0.07 | 0.26 | 1.04 | 2.33 | 4.06 | 2.72 | — | — | — |
| Debt: Ultra Short Duration | 4.63 | 0.02 | 0.55 | 1.70 | 3.66 | 6.82 | 5.05 | — | — | — |
| Rank within category | 8 | 14 | 4 | 7 | 7 | 6 | 9 | — | — | — |
| Number of funds in category | 24 | 24 | 24 | 24 | 24 | 24 | 22 | 15 | 11 | 10 |
Tata Ultra Short Term Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Tata Ultra ST Dir | 4 star | 6.99 | 5.05 | — | 0.25 | 1,669 | 5.79 | — | 4Y 7M |
| ICICI Pru Ultra ST Dir | 5 star | 7.05 | 5.52 | 6.75 | 0.39 | 13,815 | 8.08 | — | 10Y 7M |
| HDFC Ultra ST Dir | 4 star | 6.93 | 5.05 | — | 0.36 | 13,734 | 6.28 | — | 4Y 10M |
| Nippon Ind Ultra SD Dir | 5 star | 7.18 | 7.23 | 5.87 | 0.37 | 5,854 | 7.11 | — | 10Y 7M |
| Axis Ultra ST Dir | 4 star | 7.10 | 5.28 | — | 0.31 | 5,214 | 6.38 | — | 4Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 41 | 49 |
| Macaulay Duration (yrs) | 0.46 | 0.40 |
| Average Maturity (yrs) | 0.46 | 0.42 |
| Yield to Maturity (%) | 7.29 | 7.15 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Tata Ultra Short Term Fund
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