ICICI Prudential Ultra Short Term Plan

 

ICICI Prudential Ultra Short Term Plan is a fund that aims at generating regular income through investments in a portfolio of debt and money market securities of very short maturities while ensuring safety and liquidity of investment. The fund will keep a minimum of 20 per cent of its assets in money market instruments, and the rest in debt market instruments.

With one-year returns of 9.2 per cent and three-year returns of 9.35 per cent, the fund is a middle-of-the-roader in the category when seen purely in terms of returns. On a three-year basis, the returns put it about 28 basis points ahead of the benchmark and 40 basis points ahead of the category.

ICICI Prudential Ultra Short Term Plan features a well-spread-out portfolio that is usually evenly split between sovereign instruments, commercial paper and corporate bonds. The fund occasionally owns AA or AA+ paper at 7 per cent or less weight in the portfolio. This makes for very limited credit risks. While the fund's credit profile is quite conservative, the fund does take on some duration risk as its average maturity hovered between 2.1 and 2.9 years in the last one year.

The expense ratio is at 0.58 per cent for the regular plan and 0.26 per cent for the direct plan, against the category averages of 0.93 and 0.38 per cent.

Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300