ITI Ultra Short Duration Fund

An open-ended ultra-short debt scheme investing in instruments such that the Macaulay duration* of the portfolio is between 3 months to 6 months. Moderate interest rate risk and relatively low credit risk.

CATEGORY OF SCHEME Ultra Short Duration
INVESTMENT OBJECTIVE The investment objective of the Scheme is 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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Inception Date (Date of Allotment): 05-May-2021
Benchmark: CRISIL Ultra Short Duration Debt A-I Index
Minimum Application Amount: Rs.5,000/- and in multiples of Rs. 1/- thereafter
Load Structure: Entry Load: Nil
Exit Load: Nil
Total Expense Ratio (TER):

Including Additional Expenses and Goods and Service Tax on Management Fees
Regular Plan: 0.95% Direct Plan: 0.10%
Fund Manager Mr. Vikrant Mehta (Since 05-May-2021) Total Experience: 28 years

AUM (in Rs. Cr):
144.25
AAUM (in Rs. Cr):
135.98

Average Maturity:
138 Days
Macaulay Duration:
129 Days
Modified Duration:
123 Days
Yield to Maturity:
7.26%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
1,133.8929
1,161.4258
Daily IDCW
1,001.0000
NA
Weekly IDCW
1,001.2887
NA
Fortnightly IDCW
1,001.2891
NA
Monthly IDCW
1,001.2885
NA
Annual IDCW
1,133.9177
1,162.6417

Name of Instrument
Ratings
Market Value (Rs. Lakhs)
% to NAV
Debt Instrument
Certificate of Deposit
Canara Bank
CRISIL A1+
1393.26
9.66
Bank of Baroda
FITCH A1+
1377.62
9.55
Axis Bank Limited
CRISIL A1+
1372.35
9.51
Export Import Bank of India
CRISIL A1+
1371.56
9.51
Punjab National Bank
ICRA A1+
1248.55
8.66
Commercial Paper
ICICI Securities Limited
CRISIL A1+
1343.97
9.32
Corporate Bond
HDFC Bank Limited
CRISIL AAA
885.61
6.14
Bharat Petroleum Corporation Limited
CRISIL AAA
850.10
5.89
LIC Housing Finance Limited
CRISIL AAA
800.08
5.55
Small Industries Dev Bank of India
CRISIL AAA
701.22
4.86
Corporate Debt Market Development Fund
Corporate Debt Market Development Fund Class A2
41.14
0.29
Government Bond
7.35% GOI (MD 22/06/2024)
SOVEREIGN
1500.47
10.40
7.33% GOI (MD 30/10/2026)
SOVEREIGN
503.38
3.49
Reverse Repo/TREPS
Clearing Corporation of India Ltd
NA
1751.00
12.14
Net Current Assets
NA
-715.24
-4.96
Total Net Assets
100.00

Value of Investment of 10,000
Period
Fund Returns (%)
Benchmark Returns (%)
Additional Benchmark
Returns (%)
Fund
()
Benchmark
()
Additional Benchmark
()
Regular - Growth
Last 7 days
6.3%
8.1%
7.6%
10,012
10,016
10,015
Last 15 days
6.7%
8.5%
7.7%
10,028
10,035
10,032
Last 30 days
6.4%
7.9%
7.1%
10,053
10,065
10,059
Last 3 Months
6.4%
7.4%
7.0%
10,159
10,185
10,173
Last 6 Months
6.3%
7.3%
7.0%
10,315
10,363
10,349
Last 1 Year
6.5%
7.6%
7.4%
10,651
10,765
10,738
Since Inception
4.6%
5.7%
5.1%
11,339
11,699
11,510
Direct - Growth
Last 7 days
7.2%
8.1%
7.6%
10,014
10,016
10,015
Last 15 days
7.6%
8.5%
7.7%
10,031
10,035
10,032
Last 30 days
7.3%
7.9%
7.1%
10,060
10,065
10,059
Last 3 Months
7.3%
7.4%
7.0%
10,181
10,185
10,173
Last 6 Months
7.2%
7.3%
7.0%
10,358
10,363
10,349
Last 1 Year
7.4%
7.6%
7.4%
10,742
10,765
10,738
Since Inception
5.4%
5.7%
5.1%
11,614
11,699
11,510

Past performance may or may not be sustained in future and is not a guarantee of any future returns, and should not be used as a basis of comparison with other investments. The performance data for 3 years period has not been provided, since scheme is in existence for less than 3 years. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. Different Plans i.e. Regular Plan and Direct Plan under the scheme have different expense structure. Benchmark: CRISIL Ultra Short Duration Debt A-I Index Additional Benchmark: CRISIL 1 Year T-Bill Index. Fund Manager: Mr. Vikrant Mehta is managing the scheme since its inception 5th May 2021. Inception date of the scheme (05-May-2021). Face Value per unit: Rs. 1000. ITI Ultra Short Duration Fund NAV as on Feb 29, 2024: Rs. 1133.8929 (Regular Growth Option), Rs. 1161.4258 (Direct Growth Option)

Record Date
Plan(s) Option(s)
Individuals/ HUF (IDCW)
(Rs per unit)
Others (IDCW)
(Rs per unit)
Cum-IDCW NAV
(Rs per unit)
26-Dec-23
Regular Plan - Monthly IDCW Option
4.9682
4.9682
1005.9682
28-Jan-24
Regular Plan - Monthly IDCW Option
5.7316
5.7316
1006.7316
26-Feb-24
Regular Plan - Monthly IDCW Option
5.0979
5.0979
1006.0979

Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. For complete list of IDCW, visit www.itiamc.com.

THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING^

  • Regular income over short term
  • Investments in debt and money market instruments, such that the Macaulay duration of the portfolio is between 3 months - 6 months.

^Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Riskometer of the Scheme
Riskometer of the Primary Benchmark
CRISIL Ultra Short Duration Debt A-I Index

*Please refer to Scheme Information Document where concept of Macaulay's Duration is explained

Face Value per Unit: Rs. 1000 unless otherwise specified Data is as of February 29, 2024 unless otherwise specified.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully

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