ICICI Prudential Ultra Short Term Fund - Growth
(Erstwhile ICICI Prudential Regular Income Fund - Growth)
Fund House: ICICI Prudential Mutual Fund| Category: Debt: Ultra Short Duration |
| Launch Date: 01-05-2011 |
| Asset Class: Fixed Income |
| Benchmark: CRISIL Ultra Short Duration Fund BI Index |
| TER: 0.83980692% As on (30-09-2023) |
| Status: Open Ended Schemes |
| Minimum Investment: 5000.0 |
| Minimum Topup: 1000.0 |
| Total Assets: 12,413.25 Cr As on (31-10-2023) |
| Turn over: - | Exit Load: Nil |
24.7267
0 (0.0182%)
7.44%
Benchmark: 5.31%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
The Scheme seeks to generate regular income through investments in fixed income securities so as to make regular dividend distribution to unitholders seeking the Dividend Option and also to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity and equity related instruments.
Current Asset Allocation (%)
Indicators
| Standard Deviation | 0.46 |
| Sharpe Ratio | 0.64 |
| Alpha | 2.15 |
| Beta | 1.04 |
| Yield to Maturity | 7.76 |
| Average Maturity | 0.47 |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| ICICI Prudential Ultra Short Term Fund - Growth | 01-05-2011 | 6.94 | 5.64 | 5.09 | 6.11 | 7.82 |
| Baroda BNP Paribas Ultra Short Duration Fund - Regular Plan - Growth | 29-05-2018 | 7.25 | 5.96 | 5.18 | 5.71 | - |
| Aditya Birla Sun Life Savings Fund-Retail Growth | 27-11-2001 | 7.18 | 5.84 | 5.2 | 6.29 | 7.39 |
| Aditya Birla Sun Life Savings Fund - Growth - Regular Plan | 27-11-2001 | 7.17 | 5.84 | 5.2 | 6.29 | 7.39 |
| Mirae Asset Ultra Short Duration Fund Regular Growth | 25-10-2020 | 7.11 | 5.77 | 4.99 | - | - |
| BANDHAN ULTRA SHORT TERM FUND - REGULAR PLAN GROWTH | 01-07-2018 | 7.04 | 5.59 | 4.82 | 5.69 | - |
| HSBC Ultra Short Duration Fund - Regular Growth | 29-01-2020 | 6.99 | 5.64 | 4.91 | - | - |
| SBI Magnum Ultra Short Duration Fund - Regular Plan - Growth | 21-05-1999 | 6.97 | 5.59 | 4.85 | 5.74 | 6.82 |
| UTI Ultra Short Duration Fund - Discontinued - INSTN GROWTH OPTION | 13-07-2009 | 6.95 | 5.54 | 5.82 | 5.33 | 6.72 |
| HDFC Ultra Short Term Fund - Growth Option | 05-09-2018 | 6.93 | 5.59 | 4.91 | 5.85 | - |
Scheme Characteristics
Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.
Riskometer
PORTFOLIO
Market Cap Distribution
Others
99.96%
Tax Benefits of investing in this fund
Capital gains will be deemed as short-term capital gains (STCG) for units acquired on or after April 1, 2023 and will be taxed at the applicable income tax slab rate**.
Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.
** Capital gains on sale of units acquired on or before March 31, 2023 & redeemed on or after April 1, 2023 will be taxed as below:
Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months.
In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.
Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months.
