ICICI Prudential Ultra Short Term Fund Direct Plan Growth - Regular - Latest NAV [ ₹23.1206 ], Returns, Performance, Portfolio & Returns 2021

ICICI Prudential Ultra Short Term Fund Direct Plan Growth

  • highlight
    8.09%
  • highlight
    23.1206

Min amount: ₹1,000

Calculate Returns

20 yrs
Rs. 1,000 invested monthly becomes Rs. 6 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years8.09%
3 Years7.71%
1 Year5.94%
6 Months2.38%
Fund Details
ISININF109K01T04
RiskModerately High risk
Fund TypeUltra Short Duration
NAV23.1206
Exit Load--

More about this fundstar

Top HoldingsWeightage
Treps15.28%
182 DTB 190820216.24%
Embassy Office Parks Reit3.27%
REC Limited2.87%
Talwandi Sabo Power Limited2.38%
The Tata Power Company Limited2.23%
Housing Development Finance Corporation Limited2.16%
Reliance Ports and Terminals Limited2.06%
Manappuram Finance Limited2.05%
Shriram Transport Finance Company Limited2.01%

About ICICI Prudential Ultra Short Term Fund

ICICI Prudential Ultra Short Term Fund, an open-ended ultra-short term debt scheme, aims to generate income through investments in debt and money market instruments. The scheme is suitable for conservative investors looking for higher returns with goals, such as short-term parking funds or regular income.

Pros and Cons of ICICI Prudential Ultra Short Term Fund

Investors having low duration goals can choose the fund since the ideal investment horizon for the fund is 3 months and above. The exit load for the fund is nil making it convenient for the investor to redeem whenever they wish without having to pay additional charges. The one-year, three-year, and five-year returns from the fund has been higher than the category average returns. In addition, the risk-adjusted returns are higher than the other schemes in the category.

Fund Information and Statistics

i) Inception/Launch Date

ICICI Prudential Ultra Short Term Fund was incepted on 3 May 2011.

ii) Risk Level

The risk level of investing in ICICI Prudential Ultra Short Term Fund is moderate since the fund invests in instruments for which the Macaulay duration is between 3 months and 6 months.

iii) Redemption

The fund does not come with a lock-in period on the investment. The investors are free to redeem the fund units as they wish without having to bother about the exit load deduction from the principal.

iv) Fund Manager

The current Fund Managers for ICICI Prudential Ultra Short Term Fund are Mr Ritesh Lunawat and Mr Manish Banthia.

v) Entry/Exit Load

Entry load is not chargeable on the purchase of mutual fund units. In addition, exit load is not chargeable with effect from 1 August 2018 when you redeem/switch out the fund units of ICICI Prudential Ultra Short Term Fund.

About ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund was incorporated on 22 June 1993. The sponsors for the fund house are Prudential Plc and ICICI Bank Limited, while ICICI Prudential Trust Limited is the trustee company. The average assets under management (AAUM) of the fund house is equal to Rs.3,26,178.07 crore as on 30 June 2020.

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Min amount: ₹1,000

Calculate Returns

20 yrs
Rs. 1,000 invested monthly becomes Rs. 6 Lakhs in a period of 20 years
Moderately High risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns