Investment Objective and Approach

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. The fund focuses on ultra-short duration securities to minimize interest rate risk while providing steady returns to investors.

The fund maintains a conservative approach by investing primarily in high-quality debt instruments and money market securities. The ITI Ultra Short Duration Fund Direct Growth has an exposure of 26.10% in Debt and 73.66% in Cash & Money Market Securities as of recent portfolio allocation, ensuring high liquidity and capital preservation.

Key investment features include:

- Portfolio duration maintained between 3-6 months

- Focus on high-quality debt securities with strong credit ratings

- Emphasis on capital preservation with steady income generation

- Low interest rate sensitivity due to short duration strategy

Fund Managers

Vikrant Mehta is the Current Fund Manager of ITI Ultra Short Duration Fund Direct Growth fund. The fund is managed by Vikrant Mehta, Rajesh Bhatia.

Vikrant Mehta - Head of Fixed Income:

Mr. Vikrant Mehta joined ITI Asset Management Ltd. in January 2021 and brings with him more than 25 years of extensive experience in Fixed Income Markets. His last assignment was at Indiabulls Asset Management Co. Limited where he was designated as the Head - Fixed Income and successfully managed various fixed income products.

Prior to this role, he has spent more than a decade at PineBridge Investments where he was the Head of Fixed Income and subsequently was the Asia sovereign analyst for PineBridge. Apart from this, he has held executive positions in organisations like NVS Brokerage Private Ltd and JM Morgan Stanley Fixed Income Securities Pvt. Ltd. Vikrant holds a master's degree in engineering from Kiev Polytechnical Institute, Ukraine and he is also a Chartered Financial Analyst (CFA) from ICFAI.

Rajesh Bhatia:

Mr. Bhatia joined ITI Asset Management Limited in December 2022 and has over 31 years of work experience in capital market. Prior to joining ITI AMC, he was Managing Director and CIO of ITI Long Short Equity Fund (AIF) from June 2017 to December 2022. He was also associated with SIMTO Investments as CIO from September 2013 to June 2017.

About ITI Mutual Fund (AMC)

ITI Mutual Fund was established in 2018 to offer the best investment solutions to investors for wealth generation over the long-term. It boasts of thoughtful and investor-centric investment solutions backed by a highly experienced team of researchers and investment managers.

The promoter of the AMC is the Investment Trust of India Ltd. The Mutual Fund has around 29 branches in India with more than 196 employees. Currently, the AMC handles Rs. 6396.15 crores worth of assets.

Key Features of ITI Mutual Fund:

- With a team of one of the best equity and credit researchers, as well as investment managers, ITI AMC runs a unique investment philosophy and strategies that are well-positioned to generate returns in the long-run.

- Being the latest entrant allows the AMC to offer products that can help investors benefit from our evolving economy.

- The main aim of the fund house is to offer superior risk adjusted returns over the long term.

- Focus on innovative and niche investment products

Current Fund Performance Metrics (as of July 31, 2025):

- The fund currently has an Asset Under Management(AUM) of ₹10,737 Cr and the Latest NAV as of 31 Jul 2025 is ₹1,287.33.

- ITI Ultra Short Duration Fund Direct Growth has given a CAGR return of 6.14% since inception.

- Its expense ratio is 0.10 %.

- The minimum SIP amount of ITI Ultra Short Duration Fund is ₹500

Should I Invest in ITI Ultra Short Duration Fund?

ITI Ultra Short Duration Fund is suitable for conservative investors seeking:

Ideal For:

- Investors looking for low-risk debt investment options

- Those seeking regular income with capital preservation

- Investors wanting to park surplus funds for short to medium term

- Risk-averse investors who want to avoid equity market volatility

Key Advantages:

- The ITI Ultra Short Duration Fund Direct Growth is rated Low to Moderate risk.

- High liquidity due to short duration portfolio

- Professional fund management by experienced team

- Competitive expense ratio for direct plans

- Flexible SIP and lumpsum investment options

Investment Considerations:

- Returns may be relatively lower compared to equity funds

- Sensitive to credit risk of underlying securities

- Interest rate changes can impact short-term performance

- Suitable for conservative investment portfolios

The fund's focus on short-duration instruments makes it an attractive option for investors seeking stability and regular income while maintaining relatively low risk exposure.

FAQs

What is today's NAV of ITI Ultra Short Duration Fund?

The Latest NAV as of 31 Jul 2025 is ₹1,287.33. NAV is updated daily and reflects the fund's current market value per unit.

What is the AUM of ITI Ultra Short Duration Fund?

The fund currently has an Asset Under Management(AUM) of ₹10,737 Cr as of July 31, 2025, indicating strong investor confidence.

What is the expense ratio of ITI Ultra Short Duration Fund?

Its expense ratio is 0.10 % for the direct growth plan, making it cost-effective for long-term investors.

What are the returns of ITI Ultra Short Duration Fund since inception?

ITI Ultra Short Duration Fund Direct Growth has given a CAGR return of 6.14% since inception. The fund was launched in May 2021.

What is the minimum SIP amount to invest in ITI Ultra Short Duration Fund?

The minimum SIP amount of ITI Ultra Short Duration Fund is ₹500 making it accessible for retail investors to start systematic investments.

How do I invest in ITI Ultra Short Duration Fund?

You can invest through Allvest platform by completing KYC, selecting the fund, choosing investment amount, and making payment. Both SIP and lumpsum options are available.

How to start a SIP in ITI Ultra Short Duration Fund?

Register with Allvest, complete your KYC verification, search for ITI Ultra Short Duration Fund, select SIP option, set monthly amount (minimum ₹500), choose date, and authorize auto-debit.

How do I automate an SIP in ITI Ultra Short Duration Fund?

Set up auto-debit mandate through Allvest platform during SIP registration. This enables automatic monthly deductions from your bank account for hassle-free investing.

How can I withdraw/redeem my investment in ITI Ultra Short Duration Fund?

Log into your Allvest account, go to portfolio section, select the fund, choose redemption amount, and submit request. Proceeds typically credit within 1-3 working days.