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Ultra Short Duration Funds
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As per the October 2017 SEBI Classification of Mutual Fund Schemes, Ultra Short Duration Fund are Investments in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.
These are open-ended schemes and usually carry no entry load and exit load.
Examples
- Axis Ultra Short Term Fund
- Nippon India Ultra Short Duration Fund
- Franklin India Ultra Short Bond Fund - Super Institutional Plan
- SBI Magnum Ultra Short Duration Fund
- DHFL Pramerica Ultra Short Term Fund
- DSP BlackRock Money Manager Fund
- Kotak Savings Fund (Erstwhile Kotak Treasury Advantage Fund)
- UTI Ultra Short Term Fund (Erstwhile UTI Floating Rate ST Reg)
Strategy
If you are looking for investing for few months and want high degree to liquidity, a good idea would be to invest in Reliance Ultra Short Duration Fund and then opt for redemption via the Reliance Simply Save App or to withdraw cash from the Reliance ATM Card from an ATM of any bank as and when your money needs arise.
Related Lessons
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