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 ₹5,507.95 Crores and the latest NAV decalared is ₹20.788 as on 23 Oct 2019 at 10:30 pm.
ICICI Prudential Ultra Short Term Fund Direct-Growth scheme return performance in last 1 year is 9.36%, in last 3 years is 27.24% and 82.14% 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.