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):
158.44
AAUM (in Rs. Cr):
153.64

Average Maturity:
141 Days
Macaulay Duration:
135 Days
Modified Duration:
127 Days
Yield to Maturity:
7.15%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
1,146.6780
1,176.1903
Daily IDCW
1,001.0888
NA
Weekly IDCW
1,001.0000
NA
Fortnightly IDCW
1,001.5267
NA
Monthly IDCW
1,001.5259
NA
Annual IDCW
1,146.7059
1,177.4838

Name of Instrument
Ratings
Market Value (Rs. Lakhs)
% to NAV
Debt Instrument
Certificate of Deposit
ICICI Bank Limited
ICRA A1+
1487.56
9.39
Bank of Baroda
FITCH A1+
1395.65
8.81
Kotak Mahindra Bank Limited
CRISIL A1+
1390.00
8.77
Axis Bank Limited
CRISIL A1+
897.89
5.67
Corporate Bond
HDFC Bank Limited
CRISIL AAA
1672.86
10.56
Power Grid Corporation of India Limited
CRISIL AAA
1262.20
7.97
ICICI Bank Limited
ICRA AAA
999.11
6.31
REC Limited
CRISIL AAA
746.09
4.71
Corporate Debt Market Development Fund
Corporate Debt Market Development Fund Class A2
41.39
0.26
Government Bond
7.35% GOI (MD 22/06/2024)
SOVEREIGN
1500.65
9.47
6.69% GOI (MD 27/06/2024)
SOVEREIGN
999.36
6.31
Reverse Repo/TREPS
Clearing Corporation of India Ltd
NA
3204.42
20.22
Net Current Assets
NA
246.87
1.56
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
4.1%
5.6%
6.8%
10,008
10,011
10,013
Last 15 days
4.9%
6.3%
6.6%
10,020
10,026
10,027
Last 30 days
6.5%
7.5%
7.5%
10,058
10,068
10,068
Last 3 Months
6.7%
8.0%
7.4%
10,164
10,198
10,181
Last 6 Months
6.6%
7.7%
7.2%
10,330
10,382
10,361
Last 1 Year
6.4%
7.5%
7.1%
10,647
10,761
10,714
Since Inception
4.7%
5.9%
5.3%
11,467
11,855
11,653
Direct - Growth
Last 7 days
5.0%
5.6%
6.8%
10,010
10,011
10,013
Last 15 days
5.8%
6.3%
6.6%
10,024
10,026
10,027
Last 30 days
7.3%
7.5%
7.5%
10,066
10,068
10,068
Last 3 Months
7.5%
8.0%
7.4%
10,185
10,198
10,181
Last 6 Months
7.5%
7.7%
7.2%
10,373
10,382
10,361
Last 1 Year
7.3%
7.5%
7.1%
10,738
10,761
10,714
Since Inception
5.6%
5.9%
5.3%
11,762
11,855
11,653

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 April 30, 2024: Rs. 1146.6780 (Regular Growth Option), Rs. 1176.1903 (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-Feb-24
Regular Plan - Monthly IDCW Option
5.0979
5.0979
1006.0979
26-Mar-24
Regular Plan - Monthly IDCW Option
4.9758
4.9758
1005.9758
25-Apr-2024
Regular Plan - Monthly IDCW Option
6.0433
6.0433
1007.0433

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 April 30, 2024 unless otherwise specified.

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

i