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):
100.25
AAUM (in Rs. Cr):
107.14

Average Maturity:
167 Days
Macaulay Duration:
160 Days
Modified Duration:
152 Days
Yield to Maturity:
7.19%

Regular Plan (in Rs.)
Direct Plan (in Rs.)
Growth
1,110.0977
1,133.8573
Daily IDCW
1,001.0000
NA
Weekly IDCW
1,001.0000
NA
Fortnightly IDCW
1,001.8046
NA
Monthly IDCW
1,001.8023
NA
Annual IDCW
1,110.1176
1,134.9047

Name of Instrument
Ratings
Market Value (Rs. Lakhs)
% to NAV
Debt Instrument
Certificate of Deposit
Canara Bank
CRISIL A1+
1092.94
10.90
Corporate Bond
REC Limited
CRISIL AAA
708.25
7.07
National Bank For Agriculture and Rural Development
ICRA AAA
705.90
7.04
Bharat Petroleum Corporation Limited
CRISIL AAA
650.53
6.49
HDFC Bank Limited
CRISIL AAA
587.21
5.86
Small Industries Dev Bank of India
ICRA AAA
398.50
3.98
Corporate Debt Market Development Fund
SBI Funds Management Limited
36.49
0.36
Government Bond
7.35% GOI (MD 22/06/2024)
SOVEREIGN
1000.73
9.98
6.99% GOI (MD 17/04/2026)
SOVEREIGN
794.03
7.92
Zero Coupon Bond
Axis Finance Limited
CRISIL AAA
577.72
5.76
Reverse Repo/TREPS
Clearing Corporation of India Ltd
NA
3872.00
38.62
Net Current Assets
NA
-399.64
-3.99
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%
6.2%
7.7%
10,013
10,014
10,017
Last 15 days
6.0%
6.6%
8.0%
10,025
10,027
10,033
Last 30 days
5.8%
6.8%
7.0%
10,051
10,059
10,061
Last 3 Months
5.9%
6.8%
6.4%
10,148
10,172
10,161
Last 6 Months
6.0%
7.2%
6.7%
10,307
10,365
10,340
Last 1 Year
6.2%
7.4%
7.0%
10,617
10,744
10,701
Since Inception
4.3%
5.5%
4.8%
11,101
11,418
11,246
Direct - Growth
Last 7 days
6.8%
6.2%
7.7%
10,015
10,014
10,017
Last 15 days
6.9%
6.6%
8.0%
10,028
10,027
10,033
Last 30 days
6.6%
6.8%
7.0%
10,058
10,059
10,061
Last 3 Months
6.7%
6.8%
6.4%
10,169
10,172
10,161
Last 6 Months
6.9%
7.2%
6.7%
10,352
10,365
10,340
Last 1 Year
7.1%
7.4%
7.0%
10,708
10,744
10,701
Since Inception
5.2%
5.5%
4.8%
11,339
11,418
11,246

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-Aug-23
Regular Plan - Monthly IDCW Option
5.0756
5.0756
1006.0756
25-Sep-23
Regular Plan - Monthly IDCW Option
4.7168
4.7168
1005.7168
25-Oct-23
Regular Plan - Monthly IDCW Option
4.8295
4.8295
1005.8295

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 October 31, 2023 unless otherwise specified.

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

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