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Fund Overview

Fund Size

Fund Size

₹163 Cr

Expense Ratio

Expense Ratio

0.31%

ISIN

ISIN

INF00XX01AE2

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

06 May 2021

About this fund

ITI Ultra Short Duration Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by ITI Mutual Fund. This fund has been in existence for 4 years, 1 months and 13 days, having been launched on 06-May-21.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹1278.28, Assets Under Management (AUM) of 162.92 Crores, and an expense ratio of 0.31%.
  • ITI Ultra Short Duration Fund Direct Growth has given a CAGR return of 6.14% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 43.25% in debts, and 56.36% in cash & cash equivalents.
  • You can start investing in ITI Ultra Short Duration Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.65%

+7.18% (Cat Avg.)

3 Years

+7.17%

+6.70% (Cat Avg.)

Since Inception

+6.14%

(Cat Avg.)

Portfolio Summaryas of 31st May 2025

Debt70.47 Cr43.25%
Others92.45 Cr56.75%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Rec LimitedBond - Corporate Bond19.9 Cr12.22%
HDFC Bank LimitedCash - CD/Time Deposit16.77 Cr10.29%
Small Industries Development Bank Of IndiaBond - Corporate Bond15.04 Cr9.23%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond14.9 Cr9.14%
Icici Securities LimitedCash - Commercial Paper14.84 Cr9.11%
Power Grid Corporation Of India LimitedBond - Corporate Bond12.61 Cr7.74%
Indian Oil Corp Ltd.Cash - Commercial Paper10.95 Cr6.72%
364 DTB 15082025Bond - Gov't/Treasury9.89 Cr6.07%
Sundaram Finance LimitedBond - Corporate Bond8.02 Cr4.92%
91 Days Tbill Red 19-06-2025Bond - Gov't/Treasury6.98 Cr4.28%
Net Receivables / (Payables)Cash6.49 Cr3.98%
IDFC First Bank Ltd.Bond - Corporate Bond5.48 Cr3.36%
Axis Finance Ltd.Cash - Commercial Paper4.93 Cr3.02%
Indian BankCash - CD/Time Deposit4.8 Cr2.95%
Canara Bank**Cash - CD/Time Deposit4.76 Cr2.92%
Bharat Petroleum Corporation LimitedBond - Corporate Bond2.5 Cr1.53%
Axis Bank LimitedCash - CD/Time Deposit2.48 Cr1.52%
Treps 02-Jun-2025Cash - Repurchase Agreement0.96 Cr0.59%
Corporate Debt Market Development FundMutual Fund - Open End0.63 Cr0.39%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond78.45 Cr48.15%
Cash - Commercial Paper30.72 Cr18.85%
Cash - CD/Time Deposit28.81 Cr17.69%
Bond - Gov't/Treasury16.87 Cr10.35%
Cash6.49 Cr3.98%
Cash - Repurchase Agreement0.96 Cr0.59%
Mutual Fund - Open End0.63 Cr0.39%

Risk & Performance Ratios

Standard Deviation

This fund

0.29%

Cat. avg.

0.49%

Lower the better

Sharpe Ratio

This fund

1.75

Cat. avg.

0.28

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

2.10

Higher the better

Fund Managers

LB

Laukik Bagwe

Since February 2025

Additional Scheme Detailsas of 31st May 2025

ISIN
INF00XX01AE2
Expense Ratio
0.31%
Exit Load
No Charges
Fund Size
₹163 Cr
Age
4 years 1 month
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
CRISIL Ultra Short Duration Fund TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

  • For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
  • For investments made before 1 April 2023:
    • If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
    • If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
  • Holding the units: No tax is applicable as long as you hold the units.

Dividend Taxation:

Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Ultra Short Duration Funds

Fund nameExpense RatioExit LoadFund size
1Y
Franklin India Ultra Short Duration Fund Regular Growth

Moderate Risk

0.7%0.0%₹251.57 Cr-
Franklin India Ultra Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹251.57 Cr-
Invesco India Ultra Short Term Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1051.40 Cr8.0%
Motilal Oswal Ultra Short Term Fund Regular Growth

Low to Moderate Risk

1.0%0.0%₹572.44 Cr6.0%
Motilal Oswal Ultra Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹572.44 Cr6.6%
ITI Ultra Short Duration Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹162.92 Cr6.8%
ITI Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹162.92 Cr7.7%
Sundaram Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹2550.51 Cr8.0%
Nippon India Ultra Short Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹8772.15 Cr8.2%
Kotak Savings Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹15401.47 Cr7.9%

About the AMC

Total AUM

₹8,618 Cr

Address

Mumbai, 400013

Other Funds by ITI Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
ITI Focused Equity Fund Direct Growth

Very High Risk

0.7%0.0%₹510.76 Cr6.6%
ITI Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹70.48 Cr7.1%
ITI Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹162.92 Cr7.7%
ITI Multi Cap Fund Direct Growth

Very High Risk

0.5%0.0%₹1200.64 Cr0.3%
ITI Value Fund Direct Growth

Very High Risk

0.6%0.0%₹323.27 Cr-2.9%
ITI Conservative Hybrid Fund Direct Growth

Moderate Risk

0.2%0.0%₹14.80 Cr8.9%
ITI Dynamic Bond Fund Direct Growth

Moderate Risk

0.1%0.0%₹39.60 Cr9.7%
ITI Balanced Advantage Fund Direct Growth

Moderately High risk

0.6%0.0%₹395.22 Cr7.9%
ITI Small Cap Fund Direct Growth

Very High Risk

0.6%0.0%₹2504.41 Cr4.6%
ITI Large Cap Fund Direct Growth

Very High Risk

0.6%0.0%₹538.94 Cr0.9%
ITI Banking & PSU Debt Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹35.98 Cr9.0%
ITI Banking and Financial Services Fund Direct Growth

Very High Risk

0.7%0.0%₹306.69 Cr13.7%
ITI Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹47.66 Cr7.7%
ITI Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹12.03 Cr6.2%
ITI Mid Cap Fund Direct Growth

Very High Risk

0.4%0.0%₹1200.64 Cr-1.0%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.6%0.0%₹418.87 Cr2.0%
ITI Pharma and Healthcare Fund Direct Growth

Very High Risk

0.5%0.0%₹220.85 Cr16.3%
ITI Flexi Cap Fund Direct Growth

Very High Risk

0.4%0.0%₹1135.49 Cr3.5%

Risk Level

Your principal amount will be at Low to Moderate Risk

Low to Moderate Risk
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The NAV of ITI Ultra Short Duration Fund Direct Growth, as of 18-Jun-2025, is ₹1278.28.
The fund has generated 7.65% over the last 1 year and 7.17% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 43.25% in bonds, and 56.36% in cash and cash equivalents.
The fund managers responsible for ITI Ultra Short Duration Fund Direct Growth are:-
  1. Laukik Bagwe