About ICICI Prudential Ultra Short Term Fund Direct - Dividend Half Yearly Reinvestment
ICICI Prudential Ultra Short Term Fund Direct - Dividend Half Yearly Reinvestment is a Debt
mutual fund scheme from ICICI Prudential Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Manish Banthia
and Ritesh Lunawat
. It has an AUM of ₹5,426.12 Crores and the latest NAV decalared is ₹10.879 as on 03 Jun 2020 at 3:34 am.
ICICI Prudential Ultra Short Term Fund Direct - Dividend Half Yearly Reinvestment scheme return performance in last 1 year is 8.13%, in last 3 years is 26.27% and 51.33% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
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.