IDFC Ultra Short Term Fund Direct - Growth is a Debt mutual fund scheme from IDFC Mutual Fund. This scheme was launched on 18 Jul 2018 and is currently managed by its fund manager Harshal Joshi. It has an AUM of ₹5,768.41 Crores and the latest NAV decalared is ₹11.675 as on 14 Jul 2020 at 1:20 pm.
IDFC Ultra Short Term Fund Direct - Growth scheme return performance in last 1 year is 7.54%, is 16.71% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
Debt: Ultra Short Duration
18 Jul 2018
The Scheme seeks to offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 3 to 6 months.
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.