About HDFC Ultra Short Term Fund Direct - Dividend Daily
HDFC Ultra Short Term Fund Direct - Dividend Daily is a Debt
mutual fund scheme from HDFC Mutual Fund
. This scheme was launched on 25 Sep 2018 and is currently managed by its fund manager Anil Bamboli
. It has an AUM of ₹8,204.18 Crores and the latest NAV decalared is ₹10.060 as on 18 Oct 2019 at 10:30 pm.
HDFC Ultra Short Term Fund Direct - Dividend Daily scheme return performance in last 1 year is 8.82%, is 9.44% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
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.