ITI Ultra Short Duration Fund

(An open ended ultra-short term 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):
123.16
AAUM (in Rs. Cr):
124.60

Average Maturity:
121 Days
Macaulay Duration:
116 Days
Modified Duration:
109 Days
Yield to Maturity:
7.02%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
1,088.3057
1,108.4291
Daily IDCW
1,001.0000
1,001.0000
Weekly IDCW
1,001.5578
1,001.6259
Fortnightly IDCW
1,001.5563
1,001.6262
Monthly IDCW
1,001.5559
1,001.6260
Annual IDCW
1,088.3252
1,109.3393
     

Name of Instrument
 Ratings
Market Value (Rs. Lakhs)
% to NAV
Debt Instrument
Certificate of Deposit
HDFC Bank Limited
CARE A1+
1289.29
10.47
Corporate Bond
Hindustan Petroleum Corporation Limited
CRISIL AAA
1140.72
9.26
Bharat Petroleum Corporation Limited
CRISIL AAA
1104.04
8.96
National Bank For Agriculture and Rural Development
ICRA AAA
1036.33
8.41
ICICI Bank Limited
ICRA AAA
999.12
8.11
REC Limited
CRISIL AAA
714.18
5.80
Axis Bank Limited
CRISIL AAA
249.66
2.03
Small Industries Dev Bank of India
CRISIL AAA
249.05
2.02
Export Import Bank of India
CRISIL AAA
50.01
0.41
Treasury Bill
91 Days Tbill (MD 20/07/2023)
SOVEREIGN
797.27
6.47
Reverse Repo/TREPS
Clearing Corporation of India Ltd
NA
4474.36
36.33
Net Current Assets
NA
212.18
1.72
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
6.12%
6.59%
8.50%
10,012
10,013
10,016
Last 15 days
5.77%
6.93%
5.48%
10,024
10,028
10,023
Last 30 days
5.86%
7.22%
7.04%
10,048
10,059
10,058
Last 3 Months
6.42%
7.67%
7.87%
10,160
10,191
10,196
Last 6 Months
6.19%
7.49%
6.99%
10,309
10,373
10,348
Last 1 Year
5.61%
6.88%
6.45%
10,561
10,688
10,645
Since Inception
4.01%
5.21%
4.58%
10,883
11,156
11,012
Direct - Growth
Last 7 days
6.97%
6.59%
8.50%
10,013
10,013
10,016
Last 15 days
6.62%
6.93%
5.48%
10,027
10,028
10,023
Last 30 days
6.72%
7.22%
7.04%
10,055
10,059
10,058
Last 3 Months
7.28%
7.67%
7.87%
10,182
10,191
10,196
Last 6 Months
7.07%
7.49%
6.99%
10,352
10,373
10,348
Last 1 Year
6.51%
6.88%
6.45%
10,651
10,688
10,645
Since Inception
4.90%
5.21%
4.58%
11,084
11,156
11,012

Past performance may or may not be sustained in future. 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. Returns less than 1 year period are simple annualized and greater than 1 year are compounded annualized. Inception date of the scheme (05-May-2021). Face Value per unit: Rs. 1000

Record Date
Plan(s) Option(s)
Individuals/ HUF (IDCW)
(Rs per unit)
Others (IDCW)
(Rs per unit)
Cum-IDCW NAV
(Rs per unit)
25-Apr-23
Regular Plan - Monthly IDCW Option
6.4635
6.4635
1007.4635
25-Apr-23
Direct Plan - Monthly IDCW Option
7.1365
7.1365
1008.1365
25-May-23
Regular Plan - Monthly IDCW Option
5.1036
5.1036
1006.1036
25-May-23
Direct Plan - Monthly IDCW Option
5.8011
5.8011
1006.8011
26-Jun-23
Regular Plan - Monthly IDCW Option
5.0205
5.0205
1006.0205
26-Jun-23
Direct Plan - Monthly IDCW Option
5.7739
5.7739
1006.7739

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

Face Value per Unit: Rs. 1000 unless otherwise specified Data is as of June 30, 2023 unless otherwise specified.

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

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