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):
153.78
AAUM (in Rs. Cr):
156.30

Average Maturity:
281 Days
Macaulay Duration:
177 Days
Modified Duration:
166 Days
Yield to Maturity:
7.16%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
1,152.7501
1,183.2691
Daily IDCW
1,001.7553
NA
Weekly IDCW
1,001.4982
NA
Fortnightly IDCW
1,001.4986
NA
Monthly IDCW
1,001.4978
NA
Annual IDCW
1,152.7802
1,184.5953

Name of Instrument
Ratings
Market Value (Rs. Lakhs)
% to NAV
Debt Instrument
Certificate of Deposit
Export Import Bank of India
CRISIL A1+
1497.42
9.74
Bank of Baroda
FITCH A1+
1496.56
9.73
ICICI Bank Limited
ICRA A1+
1496.56
9.73
Kotak Mahindra Bank Limited
CRISIL A1+
1398.41
9.09
Commercial Paper
ICICI Securities Limited
CRISIL A1+
399.11
2.60
Corporate Bond
HDFC Bank Limited
CRISIL AAA
1675.40
10.89
Power Grid Corporation of India Limited
CRISIL AAA
1262.05
8.21
ICICI Bank Limited
ICRA AAA
999.73
6.50
REC Limited
CRISIL AAA
796.68
5.18
Bharat Petroleum Corporation Limited
CRISIL AAA
246.17
1.60
LIC Housing Finance Limited
CRISIL AAA
50.17
0.33
Corporate Debt Market Development Fund
Corporate Debt Market Development Fund Class A2
41.54
0.27
Government Bond
7.35% GOI (MD 22/06/2024)
SOVEREIGN
1500.30
9.76
6.69% GOI (MD 27/06/2024)
SOVEREIGN
1499.68
9.75
7.34% GOI (MD 22/04/2064)
SOVEREIGN
153.57
1.00
Reverse Repo/TREPS
Clearing Corporation of India Ltd
NA
1173.57
7.63
Net Current Assets
NA
-309.05
-2.01
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
5.2%
7.1%
7.5%
10,010
10,014
10,014
Last 15 days
6.0%
7.5%
7.8%
10,025
10,031
10,032
Last 30 days
6.2%
7.2%
7.3%
10,053
10,062
10,062
Last 3 Months
6.6%
7.8%
7.4%
10,166
10,195
10,187
Last 6 Months
6.6%
7.7%
7.2%
10,328
10,384
10,363
Last 1 Year
6.4%
7.5%
7.1%
10,643
10,755
10,710
Last 3 Years
4.8%
6.0%
5.4%
11,506
11,900
11,696
Since Inception
4.7%
5.9%
5.3%
11,528
11,928
11,725
Direct - Growth
Last 7 days
6.0%
7.1%
7.5%
10,012
10,014
10,014
Last 15 days
6.8%
7.5%
7.8%
10,028
10,031
10,032
Last 30 days
7.1%
7.2%
7.3%
10,060
10,062
10,062
Last 3 Months
7.5%
7.8%
7.4%
10,188
10,195
10,187
Last 6 Months
7.4%
7.7%
7.2%
10,372
10,384
10,363
Last 1 Year
7.3%
7.5%
7.1%
10,734
10,755
10,710
Last 3 Years
5.7%
6.0%
5.4%
11,804
11,900
11,696
Since Inception
5.6%
5.9%
5.3%
11,833
11,928
11,725

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 May 31, 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-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
27-May-2024
Regular Plan - Monthly IDCW Option
5.3312
5.3312
1006.3312

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 May 31, 2024 unless otherwise specified.

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

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