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. #Please refer to Scheme Information Document where concept of Macaulay's Duration is explained 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):
233.40
AAUM (in Rs. Cr):
214.64

Average Maturity:
115 Days
Macaulay Duration:
112 Days
Modified Duration:
107 Days
Yield to Maturity:
7.19%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
1,164.9251
1,197.4669
Daily IDCW
1,001.0000
NA
Weekly IDCW
1,001.1558
NA
Fortnightly IDCW
1,001.8071
NA
Monthly IDCW
1,001.8059
NA
Annual IDCW
1,164.9567
1,198.8704

Name of Instrument
Ratings
Market Value (Rs. Lakhs)
% to NAV
Debt Instrument
Certificate of Deposit
Bank of Baroda
FITCH A1+
2162.20
9.26
Kotak Mahindra Bank Limited
CRISIL A1+
1731.05
7.42
Union Bank of India
FITCH A1+
1433.02
6.14
Punjab National Bank
CRISIL A1+
988.15
4.23
ICICI Bank Limited
ICRA A1+
693.62
2.97
Commercial Paper
National Housing Bank
ICRA A1+
1741.02
7.46
L&T Finance Limited
CRISIL A1+
1482.94
6.35
Corporate Bond
HDFC Bank Limited
CRISIL AAA
2174.27
9.32
LIC Housing Finance Limited
CRISIL AAA
1851.70
7.93
Power Grid Corporation of India Limited
CRISIL AAA
1261.72
5.41
REC Limited
CRISIL AAA
747.84
3.20
Bharat Petroleum Corporation Limited
CRISIL AAA
247.01
1.06
Corporate Debt Market Development Fund
Corporate Debt Market Development Fund Class A2
46.45
0.20
Floating Rate Note
Power Finance Corporation Limited
CRISIL AAA
1850.00
7.93
Treasury Bill
182 Days Tbill (MD 12/09/2024)
SOVEREIGN
1488.75
6.38
Reverse Repo/TREPS
Clearing Corporation of India Ltd
NA
4917.00
21.07
Net Current Assets
NA
-1476.44
-6.33
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
6.0%
6.9%
8.8%
10,012
10,013
10,017
Last 15 days
6.1%
7.1%
9.7%
10,025
10,029
10,040
Last 30 days
6.4%
7.4%
8.6%
10,052
10,061
10,071
Last 3 Months
6.3%
7.4%
7.9%
10,159
10,186
10,199
Last 6 Months
6.5%
7.8%
7.7%
10,326
10,388
10,384
Last 1 Year
6.5%
7.6%
7.4%
10,649
10,758
10,738
Last 3 Years
5.0%
6.2%
5.6%
11,571
11,968
11,774
Since Inception
4.8%
6.0%
5.5%
11,649
12,075
11,885
Direct - Growth
Last 7 days
6.9%
6.9%
8.8%
10,013
10,013
10,017
Last 15 days
6.9%
7.1%
9.7%
10,029
10,029
10,040
Last 30 days
7.2%
7.4%
8.6%
10,059
10,061
10,071
Last 3 Months
7.2%
7.4%
7.9%
10,181
10,186
10,199
Last 6 Months
7.4%
7.8%
7.7%
10,370
10,388
10,384
Last 1 Year
7.4%
7.6%
7.4%
10,740
10,758
10,738
Last 3 Years
5.9%
6.2%
5.6%
11,870
11,968
11,774
Since Inception
5.7%
6.0%
5.5%
11,975
12,075
11,885

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 July 31, 2024: Rs. 1164.9251 (Regular Growth Option), Rs. 1197.4669 (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)
27-May-2024
Regular Plan - Monthly IDCW Option
5.3312
5.3312
1006.3312
25-Jun-2024
Regular Plan - Monthly IDCW Option
4.7988
4.7988
1005.7988
25-Jul-2024
Regular Plan - Monthly IDCW Option
5.4374
5.4374
1006.4374

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 July 31, 2024 unless otherwise specified.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully