ICICI Prudential Ultra Short Term Fund Growth - Latest NAV, Returns, Performance & Portfolio

ICICI Prudential Ultra Short Term

  • highlight9.7%
  • highlight0(0%)

Start your investment

Min amount: 1000

1.24 Lakhs
3.3 Lakhs
7.25 Lakhs

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years9.7%
3 Years8.17%
1 Year7.72%
6 Months4.08%
Fund Details
RiskMedium Risk
Fund TypeUltra Short Duration
Exit Load--

More about this fundstar

Top HoldingsWeightage
ONGC Petro Additions Limited6.46%
Writers And Publishers Private Limited5.05%
JSW Steel Limited4.16%
Tata Realty And Infrastructure Limited3.88%
Ashoka Buildcon Ltd.3.88%
Bahadur Chand Investments Private Limited3.87%
Aspire Home Finance Corporation Limited3.87%
Aditya Birla Fashion And Retail Limited3.56%
Adarsh Advisory Services Private Limited2.6%

About ICICI Prudential Ultra Short Term Fund

The ICICI Prudential Ultra Short Term Fund is an open-ended, ultra short-term debt scheme. It seeks to generate short-term regular income by investing in debt securities and money market instruments of varying maturities. It was earlier known as ICICI Prudential Regular Income Fund and was renamed as ICICI Prudential Ultra Short Term Fund on May 28, 2018.

Pros & Cons of ICICI Prudential Ultra Short Term Fund

  1. The scheme seeks to offer short-term regular income by investing in debt and money market instruments such that the Macaulay Duration of the portfolio is between 3 and 6 months.
  2. As on September 30, 2018, the scheme is not ranked under CRISIL’s Ultra Short Duration Fund category.
  3. Further, it has generated returns of 9.6% per year over the last 5 years (as on January 04, 2018).

Fund Information and Statistics of ICICI Prudential Ultra Short Term Fund

i) Inception / Launch date

The scheme was launched on 03 May 2011 by ICICI Prudential Mutual Fund.

ii) Risk level

The scheme is suitable for investors seeking short-term income generation and invests in debt and money market securities carrying a moderate risk level.

iii) Redemption

The minimum redemption amount is Rs. 500. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager

Mr. Manish Banthia (since November 2016), and Mr. Ritesh Lunawat (since June 2017) are the Fund Managers of the ICICI Prudential Ultra Short Term Fund.

v) Entry / Exit load

There is no entry load or exit load in this scheme. There was an exit load charged earlier which was changed to ‘Nil’ from August 01, 2018.

Tax benefits of investing in ICICI Prudential Short Term Fund

The following taxes are applicable to income arising from investing in this scheme: 1. STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab. 2. LTCG component is taxed at 20% with indexation benefits.

About ICICI Mutual Fund

ICICI Prudential Balanced Advantage Fund is managed by ICICI Mutual Fund AMC, one of India’s largest Fund houses with a proven track record of delivering returns. The fund has been on the forefront of financial innovation leading to a well-diversified portfolio of around 47 mutual fund products, across equity and debt.

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Start your investment

Min amount: 1000

1.24 Lakhs
3.3 Lakhs
7.25 Lakhs
Need help?
Medium 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