About ICICI Prudential Ultra Short Term Fund Direct - Growth
ICICI Prudential Ultra Short Term Fund Direct - Growth 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 ₹21.719 as on 29 May 2020 at 1:54 am.
ICICI Prudential Ultra Short Term Fund Direct - Growth scheme return performance in last 1 year is 8.27%, in last 3 years is 26.43% and 90.30% 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.