About IDBI Ultra Short Term Fund Direct-Dividend daily Reinvestment
IDBI Ultra Short Term Fund Direct-Dividend daily Reinvestment is a Debt
mutual fund scheme from IDBI Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Bhupesh Kalyani
. It has an AUM of ₹177.21 Crores and the latest NAV decalared is ₹1031.190 as on 11 Oct 2019 at 9:00 pm.
IDBI Ultra Short Term Fund Direct-Dividend daily Reinvestment scheme return performance in last 1 year is 7.86%, in last 3 years is 23.36% and 71.76% since scheme launch. The min. SIP amount to invest in this scheme is ₹5000.
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.