Latest News
-
Stock Market Live Updates: Market Likely To Open Flat; Nifty To Hold 22,350; Earnings In Focus -
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27
This Ultra Short Fund Is Good To Park Surplus Amount, Given 6.08% Returns In 6 Months
Risk-averse investors with surplus money seeking short-term funds, a liquid or ultra-short fund is a solid option. Various debt fund experts advise choosing short-term debt funds to ride the money market's tumultuous phase. Short-term funds, according to experts, are good for weathering interest rate rise uncertainty. Check out this Ultra Short Duration fund that we highlighted here. This fund is good for investment or to park your surplus amount for a short period of time and to earn good returns over it.
Franklin India Ultra Short Bond Fund - Super Institutional - Direct-Growth
This Ultra Short Duration fund scheme was launched on18th December 2007 by the Franklin Templeton Mutual Fund. This is an open-ended debt medium-sized fund of its category. The scheme has worth Rs 291.89 Crore Asset under Management. It has Rs 33.41 NAV declared on 22nd April 2022. The expense ratio of the fund is 0.04%, which is too low when compared to its category average expense ratio.
This fund is rated 1-star by the CRSIL. On the risk meter, is rated moderate risky fund. The minimum investment amount required for lump-sum payment in this fund is Rs 10,000. Whereas, for it is Rs 500. As the fund is an ultra short term fund, there is no lock-in period applicable here. It has also zero exit load.
Absolute And Annualised Returns
Lump-Sum Returns
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 3 Month | 2.03% | - |
| 6 Month | 6.08% | - |
| 1 Year | 11.96% | 11.96% |
| 2 Year | 21.45% | 10.20% |
| Since Inception | 125.58% | 9.13% |
SIP Returns
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 6.48% | 12.23% |
| 2 Year | 11.75% | 11.08% |
Portfolio
The fund has 86.24% investment in Debt. The fund's credit profile is very low indicating it has lent to borrowers whose quality is poor. The fund's top holdings are in Clix Capital Services Pvt Ltd, SBI Overnight Fund Direct-Growth.
Disclaimers
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
