Ch.5 · SID, SAI and KIM Documents · hard
As per SEBI's 2017 categorisation, what defines an 'ultra short duration fund'?
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EXPLANATION
As per SEBI's categorisation, an ultra short duration fund must have a Macaulay duration between 3 and 6 months. This makes it suitable for investors with a 3–6 month investment horizon, offering marginally higher returns than liquid funds with slightly higher interest rate risk.
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