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):
132.75
AAUM (in Rs. Cr):
125.21

Average Maturity:
141 Days
Macaulay Duration:
137 Days
Modified Duration:
130 Days
Yield to Maturity:
6.86%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
1,083.0851
1,102.3424
Daily IDCW
1,001.0000
1,001.0000
Weekly IDCW
1,001.1212
1,001.1420
Fortnightly IDCW
1,001.7444
1,001.8617
Monthly IDCW
1,001.7436
1,001.8616
Annual IDCW
1,083.1033
1,103.2202
     

Name of Instrument
 Ratings
Market Value (Rs. Lakhs)
% to NAV
Debt Instrument
Certificate of Deposit
Axis Bank Limited
CRISIL A1+
1380.70
10.40
Canara Bank
CRISIL A1+
1247.50
9.40
Bank of Baroda
FITCH A1+
1197.38
9.02
Corporate Bond
Hindustan Petroleum Corporation Limited
CRISIL AAA
1138.27
8.57
Bharat Petroleum Corporation Limited
CRISIL AAA
1104.96
8.32
National Bank For Agriculture and Rural Development
ICRA AAA
1034.51
7.79
REC Limited
CRISIL AAA
714.85
5.39
Power Grid Corporation of India Limited
CRISIL AAA
600.74
4.53
Small Industries Dev Bank of India
CRISIL AAA
250.08
1.88
National Housing Bank
CRISIL AAA
149.40
1.13
Treasury Bill
91 Days Tbill (MD 20/07/2023)
SOVEREIGN
792.90
5.97
91 Days Tbill (MD 03/08/2023)
SOVEREIGN
494.27
3.72
Reverse Repo/TREPS
Clearing Corporation of India Ltd
NA
3023.00
22.77
Net Current Assets
NA
146.18
1.10
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
5.45%
6.69%
6.26%
10,545
10,669
10,626
Since Inception
3.93%
5.12%
4.47%
10,831
11,090
10,948
Direct - Growth
Last 1 Year
6.35%
6.69%
6.26%
10,635
10,669
10,626
Since Inception
4.82%
5.12%
4.47%
11,023
11,090
10,948

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)
27-Mar-23
 Regular Plan - Monthly IDCW Option
4.9592
4.9592
1005.9592
27-Mar-23
 Direct Plan - Monthly IDCW Option
5.5920
5.5920
1006.592
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

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 May 31, 2023 unless otherwise specified.

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

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