About Essel Ultra Short Term Fund Super Institutional Plan Direct-Dividend Daily Reinvestment
Essel Ultra Short Term Fund Super Institutional Plan Direct-Dividend Daily Reinvestment is a Debt
mutual fund scheme from Essel Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Archit Shah
. It has an AUM of ₹25.06 Crores and the latest NAV decalared is ₹1006.655 as on 18 Oct 2019 at 11:35 pm.
Essel Ultra Short Term Fund Super Institutional Plan Direct-Dividend Daily Reinvestment scheme return performance in last 1 year is 7.73%, in last 3 years is 23.43% and 70.42% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The Scheme seeks to generate a optimal return and liquidity, from a portfolio constituted of money market securities and short term debt securities which results in a portfolio having marginally higher maturity compared to a liquid fund at the same time maintaining a balance between safety and liquidity.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.