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This Ultra Short Fund Is Good To Park Surplus Amount, Given 6.08% Returns In 6 Months

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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

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
 

Absolute And Annualised Returns

Lump-Sum Returns

TenureAbsolute ReturnsAnnualised Returns
3 Month2.03%-
6 Month6.08%-
1 Year11.96%11.96%
2 Year21.45%10.20%
Since Inception125.58%9.13%

SIP Returns

TenureAbsolute ReturnsAnnualised Returns
1 Year6.48%12.23%
2 Year11.75%11.08%

 

Portfolio

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.

Story first published: Monday, April 25, 2022, 18:06 [IST]
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