ITI Ultra Short Duration Fund Details
ITI Mutual Fund has launched Ultra Short Duration Fund on 19th April 2021. It is an open-ended ultra-short term debt scheme. During the NFO period, the offer of units of Rs. 1,000 each and continuous offer for units at NAC based prices.
As of SID, the scheme may suitable for investors who seek regular income over the short term. Besides, the investors should consider your principal investment should at low to moderate risk.
The NFO closed for subscription on April 20, 2021. Further, the scheme will re-open for continuous sale and repurchase on or before April 30, 2021.
Basic details of NFO:
| NFO Name | ITI Ultra Short Duration Fund |
| Subscription Period | April 19, 2021 – April 20, 2021 |
| NFO Type | Open-ended debt scheme |
| Benchmark | NIFTY Ultra Short Duration Debt Index |
| Fund Manager | Vikrant Mehta |
Besides, the ITI MF NFO will have two plans direct and regular plans with a common portfolio and separate NAVs. Under these plans, the offer available in growth and dividend options.
Investment Objective:
In forward, the investment objective of the Scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 – 6 months.
Minimum Investment:
As per the source, during the NFO, the minimum application amount should at Rs. 5,000 and in multiples of Re. 1 thereafter. Besides, the Minimum additional and redemption amount will be at Rs. 1,000 and in multiples of Re. 1 thereafter.
Entry Load – Not Applicable
Exit Load – Nil
Asset Allocation Pattern:
| Instruments | Indicative allocations ( % of net assets) | Risk Profile | |
| Minimum | Maximum | ||
| Debt and Money Market Instruments | 0% | 100% | Low to Medium |
Further, the Scheme may invest in Securitised debt up to 50% of the net assets. Moreover, it may take exposure into fixed income derivatives up to 35% of the net assets for hedging and portfolio rebalancing purpose
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and consult your investment adviser before investing.