ICICI Prudential Ultra Short Term Fund Direct Growth
Debt
Direct
Ultra Short Duration
NAV as on 19-11-2024
₹ 28.56
Inception Returns
8.1%
/yr
About ICICI Prudential Ultra Short Term Fund Direct Growth
ICICI Prudential Ultra Short Term Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Ritesh Lunawat, Manish Banthia. This fund is suitable to keep your money safe.
Key Parameters
- ICICI Prudential Ultra Short Term Fund Direct Growth has ₹14206 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
ICICI Prudential Ultra Short Term Fund Direct Growth has given a CAGR return of 8.06% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.89%, 6.66% and 6.42% respectively.
Holdings
ICICI Prudential Ultra Short Term Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Energy, Corporate, Industrial, Financial Services, Basic Materials, Government, Securitize, Health. Its top holdings are 364 Days T - Bill- 06/02/2025, 364 DTB 13032025, LIC Housing Finance Limited, Small Industries Development Bank Of India, Bharti Telecom Limited
Taxation
As it is a ultra short duration mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of ICICI Prudential Ultra Short Term Fund Direct Growth
To generate income through investments in a range of debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. ICICI Prudential Ultra Short Term Fund Direct Growth has no lock in period.
Historical NAV & Returns
ICICI Prudential Ultra Short Term Fund Direct Growth Overview
| Expense ratio | 0.39% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹14206 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 196.76% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 14.2K Cr as of Oct'24
- AUM increased by 449.4 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Corporate, Energy & Industrial
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 364 Days T - Bill- 06/02/2025 | 2.77% | 0% | |
364 DTB 13032025 | 2.75% | 0% | |
LIC Housing Finance Limited | 2.71% | 14.9% | |
Small Industries Development Bank Of India | 2.62% | 0% | |
Bharti Telecom Limited | 2.3% | 0% |
Mutual Fund Insights
ICICI Prudential Ultra Short Term Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹14206 Cr
Expense Ratio 0.39%
Frequently Asked Questions for ICICI Prudential Ultra Short Term Fund Direct Growth
ICICI Prudential Ultra Short Term Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 3.87% | 3.87% |
1 Year Returns | 7.89% | 7.89% |
3 Years Returns | 21.33% | 6.66% |
5 Years Returns | 36.49% | 6.42% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 83.79 |
AA | 16.21 |