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Returns
Fund's average annual rolling returns over the last three years is compared against the funds from the same category

Fund has been able to generate better returns compared to other funds in the same category

Expense Ratio
Expense Ratio is the fee paid by investors of Mutual Funds. Fund's expense ratio is compared against the expense ratio of other funds in the same category to check if the fund is charging more or less compared to other funds in the same category

Less expense ratio implies better returns over the long term

Return vs FD Rates
If fund's return is lower than the average fixed deposit rates offered by banks, investors are better off investing the amount in a FD

Fund has not been able to generate better price return than bank FD

Red Flags
We check for various red flags on fund's portfolio holdings like - ratings for debt securities, pledging of promoter shares in the company, default probabiity of the company, stocks presense in negative lists published by the exchanges etc. Checkout the Holdings section in the Portfolio tab for full list of securties with red flags

Total holdings with red flags is insignificant

Overview Peers Portfolio Fund Manager Opinions

ICICI Pru Ultra Short Term Fund Fund

Growth

DebtUltra Short Duration Fund

Large-size FundAssets Under Mgmt: ₹ 12,645 Cr

Moderate RiskPrinciple investment will be at moderate risk

25.670.03% (+0.01)

Investment Checklist

Returns
Fund's average annual rolling returns over the last three years is compared against the funds from the same category

Fund has been able to generate better returns compared to other funds in the same category

Expense Ratio
Expense Ratio is the fee paid by investors of Mutual Funds. Fund's expense ratio is compared against the expense ratio of other funds in the same category to check if the fund is charging more or less compared to other funds in the same category

Less expense ratio implies better returns over the long term

Return vs FD Rates
If fund's return is lower than the average fixed deposit rates offered by banks, investors are better off investing the amount in a FD

Fund has not been able to generate better price return than bank FD

Red Flags
We check for various red flags on fund's portfolio holdings like - ratings for debt securities, pledging of promoter shares in the company, default probabiity of the company, stocks presense in negative lists published by the exchanges etc. Checkout the Holdings section in the Portfolio tab for full list of securties with red flags

Total holdings with red flags is insignificant

DebtUltra Short Duration Fund

Large-size FundAssets Under Mgmt: ₹ 12,645 Cr

Moderate RiskPrinciple investment will be at moderate risk

Key Metrics

Expense RatioExpense Ratio	No LabelNo Label	No LabelNo Label
0.39	7.45	8.06

No LabelNo Label	No LabelNo Label	No LabelNo Label
0.61	7.27	6.16

About Ultra Short Duration Fund

Ultra short duration funds are debt funds that lend to companies for a short duration of 3 to 6 months. They are very low-risk funds.

PeersCompare with peers

Scheme Info

PlanPlan	Lock inLock in	Exit LoadExit Load
Growth	0 yrs	0.50% 0.50% on or before 1M Nil after 1M

SIP Inv.SIP Inv.	Min. LumpsumMin. Lumpsum
Allowed	₹ 5,000 Initial: ₹ 5,000 Incremental: ₹ 1,000

BenchmarkBenchmark
CRISIL Ultra Short Term Debt Index

Tax Implications

Investment period < 3 years

Gains are added to taxable income and taxed according to the individual's income tax slab

Investment period > 3 years (Investments before 1st April 2023)

Gains are taxed at 20% with indexation benefit

Investment period > 3 years (Investments after 1st April 2023)

With changes introduced in budget 2023, gains are added to taxable income and taxed according to the individual's income tax slab

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Investment frequency

Monthly

One Time

Monthly Investment Amt. (₹)

Investment period (years)

CAGR (%)

This CAGR is calculated based on the actual past return given by the fund during the selected investment period. This is the annualised growth rate assuming monthly compounding.

Annual Income

As per the tax implications, in some cases, tax on MF returns depends on your annual income slab

After indexation

Invested

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Returns (0%)

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Tax (undefined%)

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You make

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Fund ManagerRead more

Manish Banthia

Exp: 5yrs

#Funds: 48

Ritesh Lunawat

Exp: —

#Funds: 16

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AMC profile

ICICI Prudential Asset Management Company Ltd. is the leading AMC in the leading AMC in the country. The AMC is joint venture between ICICI Bank and Prudential Plc, one of the UK's largest players in the financial services sectors.

No.of Schemes
95
Total AUM
₹ 5,11,367.13 Cr.