About Motilal Oswal Ultra Short Term Fund Direct-Dividend Daily
Motilal Oswal Ultra Short Term Fund Direct-Dividend Daily is a Debt
mutual fund scheme from Motilal Oswal Mutual Fund
. This scheme was launched on 06 Sep 2013 and is currently managed by its fund manager Abhiroop Mukherjee
. It has an AUM of ₹115.53 Crores and the latest NAV decalared is ₹9.269 as on 17 Oct 2019 at 11:35 pm.
Motilal Oswal Ultra Short Term Fund Direct-Dividend Daily scheme return performance in last 1 year is -1.73%, in last 3 years is 4.12% and 29.98% 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.