About Indiabulls Ultra Short Term Direct Fund-Dividend Daily
Indiabulls Ultra Short Term Direct Fund-Dividend Daily is a Debt
mutual fund scheme from Indiabulls Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Malay Shah
, Vikrant Mehta
and Sourabh Sharma
. It has an AUM of ₹39.98 Crores and the latest NAV decalared is ₹1005.600 as on 22 Nov 2019 at 9:30 pm.
Indiabulls Ultra Short Term Direct Fund-Dividend Daily scheme return performance in last 1 year is 8.40%, in last 3 years is 25.01% and 79.18% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
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.