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 Fund AI 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):
122.73
AAUM (in Rs. Cr):
127.71

Average Maturity:
102 Days
Macaulay Duration:
98 Days
Modified Duration:
93 Days
Yield to Maturity:
6.25%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
1,041.4076
1,053.9564
Daily IDCW
1,001.0000
1,001.0000
Weekly IDCW
1,001.6310
1,001.7009
Fortnightly IDCW
1,001.6325
1,001.7015
Monthly IDCW
1,001.6306
1,001.7004
Annual IDCW
1,041.4182
1,054.5533

Name of Instrument
 Ratings
Market Value (Rs. Lakhs)
% to NAV
Debt Instrument
Corporate Bond
Bharat Petroleum Corporation Limited
CRISIL AAA
804.65
6.56
Export Import Bank of India
CRISIL AAA
350.36
2.85
Housing & Urban Development Corporation Limited
ICRA AAA
1000.22
8.15
National Bank For Agriculture and Rural Development
CRISIL AAA
1004.65
8.19
National Highways Auth Of Ind
CRISIL AAA
1150.52
9.37
NHPC Limited
ICRA AAA
231.38
1.89
Power Grid Corporation of India Limited
CRISIL AAA
500.58
4.08
Reliance Industries Limited
CRISIL AAA
100.04
0.82
Government Bond
6.69% GOI (MD 27/06/2024)
SOVEREIGN
596.04
4.86
Treasury Bill
182 Days Tbill (MD 24/11/2022)
SOVEREIGN
1487.01
12.12
91 Days Tbill (MD 17/11/2022)
SOVEREIGN
496.22
4.04
91 Days Tbill (MD 24/11/2022)
SOVEREIGN
495.67
4.04
Reverse Repo/TREPS
Clearing Corporation of India Ltd
NA
4361.60
35.54
Net Current Assets
NA
-305.66
-2.49
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 1 Year
3.01%
4.21%
3.18%
10,301
10,421
10,318
Since Inception
2.93%
4.10%
3.35%
10,414
10,580
10,474
Direct - Growth
Last 1 Year
3.89%
4.21%
3.18%
10,389
10,421
10,318
Since Inception
3.81%
4.10%
3.35%
10,540
10,580
10,474

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 Fund AI Index # Additional Benchmark: CRISIL 1 Year T-Bill Index. Fund Managers: 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-Jul-22
Regular Plan - Monthly IDCW Option
3.3841
3.3841
1004.3841
25-Jul-22
Direct Plan - Monthly IDCW Option
4.0351
4.0351
1005.0351
25-Aug-22
Regular Plan - Monthly IDCW Option
4.0477
4.0477
1005.0477
25-Aug-22
Direct Plan - Monthly IDCW Option
4.7682
4.7682
1005.7682
26-Sep-22
Regular Plan - Monthly IDCW Option
2.8408
2.8408
1003.8408
26-Sep-22
Direct Plan - Monthly IDCW Option
3.5827
3.5827
1004.5827

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.

Data is as of September 30, 2022 unless otherwise specified

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