About Tata Ultra Short Term Fund Direct - Growth
Tata Ultra Short Term Fund Direct - Growth is a Debt
mutual fund scheme from Tata Mutual Fund
. This scheme was launched on 22 Jan 2019 and is currently managed by its fund manager Akhil Mittal
. It has an AUM of ₹190.53 Crores and the latest NAV decalared is ₹10.889 as on 31 Mar 2020 at 9:00 pm.
Tata Ultra Short Term Fund Direct - Growth scheme return performance in last 1 year is 7.17%, is 8.86% 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.