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Ultra Short Duration Fund


Investors looking for a short-term investment option that balances liquidity and returns often consider ultra short duration funds. These funds aim to generate stable returns over a short investment horizon, making them Read more..a viable alternative to traditional bank deposits. They carry lower risk than equity funds while offering potentially better returns than savings accounts. Read less

Ultra Short Duration Fund List

Name
AUM
1Y Returns

ICICI Pru Ultra Short Term Fund (G)

Debt|Ultra Short Duration Fund

Buy

 ₹15600.96 cr. 7.62%

ICICI Pru Ultra Short Term Fund (IDCW-M)

Debt|Ultra Short Duration Fund

Buy

 ₹15600.96 cr. 7.62%

ICICI Pru Ultra Short Term Fund (IDCW-Q)

Debt|Ultra Short Duration Fund

Buy

 ₹15600.96 cr. 7.62%

ICICI Pru Ultra Short Term Fund (IDCW-M)

Debt|Ultra Short Duration Fund

Buy

 ₹15600.96 cr. 7.62%

ICICI Pru Ultra Short Term Fund (IDCW-Q)

Debt|Ultra Short Duration Fund

Buy

 ₹15600.96 cr. 7.62%

ICICI Pru Ultra Short Term Fund (IDCW-W) - Payout

Debt|Ultra Short Duration Fund

Buy

 ₹15600.96 cr. 7.60%

Tata Ultra Short Term Fund - Regular (G)

Debt|Ultra Short Duration Fund

Buy

 ₹4971.27 cr. 7.22%

ICICI Pru Ultra Short Term Fund (IDCW-D) - Reinvestment

Debt|Ultra Short Duration Fund

Buy

 ₹15600.96 cr. 7.80%

Tata Ultra Short Term Fund - Regular (IDCW-M) RI

Debt|Ultra Short Duration Fund

Buy

 ₹4971.27 cr. 7.20%

Tata Ultra Short Term Fund - Regular (IDCW-W) RI

Debt|Ultra Short Duration Fund

Buy

 ₹4971.27 cr. 7.22%
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What is an Ultra Short Duration Fund?

An ultra short duration fund is a type of debt mutual fund that primarily invests in fixed-income securities with short maturities, typically ranging from three to six months. These funds aim to provide liquidity while minimising interest rate fluctuations.

Key characteristics of ultra short duration funds include:

  • Maturity Period - Investments in debt securities maturing between three to six months.
  • Risk Profile - Lower than long-term debt funds but slightly higher than liquid funds.
  • Returns - Typically offer returns in the range of 7–9%, comparable to short-term fixed deposits.
  • Liquidity - Easy redemption with minimal impact from interest rate changes.
  • Taxation - Gains are taxed as per the holding period – short-term gains are taxed at slab rates, while long-term gains attract indexation benefits.


These funds suit investors who want short-term stability while earning reasonable returns on parked funds.

 

How does Ultra Short Duration Fund work?

Ultra short duration funds invest in a diversified portfolio of fixed-income instruments with short maturities to balance liquidity and return. These funds operate with a focus on reducing interest rate risk while offering slightly higher yields than liquid funds.

Key aspects of how ultra short duration funds work:

  • Investment Portfolio - These funds allocate capital into commercial papers, treasury bills, certificates of deposit, and short-term bonds.
  • Interest Rate Risk - Since they hold securities with short maturities, they are less affected by changes in interest rates.
  • Liquidity & Redemption - Investors can withdraw funds with minimal impact on returns, as most ultra short duration funds do not have exit loads.
  • Expense Ratio - A fee is charged by the fund house for managing investments, typically capped at 1.05% by SEBI.
  • Risk Factors -
    • Credit Risk: Risk of default by the issuer of the securities.
    • Interest Rate Risk: Potential impact of changing interest rates on NAV.
    • Liquidity Risk: Possibility of a fund house not having enough liquidity to process redemptions.


Ultra short duration funds are an ideal choice for investors seeking short-term capital appreciation with low-to-moderate risk. They also work well as an investment vehicle for systematic transfer plans (STP), allowing investors to transition funds into equity funds over time.

 

What are the Features of Ultra Short Duration Funds?

Ultra short-term mutual funds come with distinct characteristics that make them suitable for short-term investments. Below are some of the key features:

  • Debt-Oriented Investment - These funds invest in short-term fixed-income securities such as treasury bills, commercial papers, and money market instruments.
  • Macaulay Duration of 3–6 Months - The fund’s portfolio consists of securities with maturities ranging from three to six months, making them slightly riskier than liquid funds but safer than long-term debt funds.
  • Lower Interest Rate Risk - Due to the short tenure of the underlying securities, these funds are less sensitive to interest rate fluctuations than longer-duration bond funds.
  • Liquidity & Flexibility - Investors can redeem their investments with ease, and many funds do not charge an exit load, offering high liquidity.
  • Moderate Returns - These funds typically generate returns in the range of 7–9%, which can be competitive with fixed deposits of similar tenure.
  • Expense Ratio Considerations - Fund houses charge a management fee (expense ratio) for overseeing the investments. As per SEBI, the maximum limit is 1.05%.
  • Taxation on Capital Gains - Returns from these funds are subject to short-term or long-term capital gains tax, depending on the holding period.

 

Types of Ultra Short Duration Funds

Ultra short-term funds can be categorised based on the type of underlying securities and risk profile. Below are the common types:

  • Government Securities (G-Secs) Ultra Short-Term Funds - These funds primarily invest in government-backed securities like treasury bills, ensuring high credit quality with minimal default risk.
  • Corporate Bond Ultra Short-Term Funds - These funds invest in corporate debt instruments, which may offer slightly higher returns but come with credit risk.
  • Money Market Instrument Funds - Comprising treasury bills, commercial papers, and certificates of deposit, these funds focus on short-term money market instruments for stability and liquidity.
  • Banking & PSU Debt Ultra Short-Term Funds - These funds invest primarily in debt instruments issued by banks, public sector undertakings (PSUs), and public financial institutions, offering relatively secure returns.
  • Credit Risk Ultra Short-Term Funds - Designed for investors willing to take on more risk, these funds invest in lower-rated debt securities for the potential of higher returns.
  • Dynamic Ultra Short-Term Funds - These funds actively manage their portfolio based on market conditions, shifting between different short-duration debt instruments to optimise returns.

 

Who should invest in Ultra Short Duration Fund?

Ultra Short Duration Funds are designed for investors who seek short-term investment options with relatively low risk and quick liquidity. These funds are ideal for:

  • Investors looking for better returns than savings accounts – If you want to park surplus funds while earning slightly higher returns than a savings account, ultra-short duration funds can be a good choice.
  • Individuals with short-term financial goals – These funds suit investors who need liquidity within three to six months, such as those planning a large purchase or an emergency fund.
  • Risk-averse investors – Conservative investors who want stable returns with minimal risk can consider these funds. They carry lower risk than equity funds while providing higher returns than fixed deposits.
  • Investors looking for a Systematic Transfer Plan (STP) – If you plan to invest in equity mutual funds but want to stagger your investments, you can use ultra-short-term funds as a parking option and set up an STP.
  • Retirees seeking regular income – Individuals looking for a low-risk investment option to generate stable monthly income can allocate a portion of their retirement corpus to these funds.

 

How to invest in Ultra Short Duration Fund?

Investing in Ultra Short Duration Funds is a straightforward process. If you are using Bajaj Broking, you can follow these steps:

  1. Open a Bajaj Broking account
    • If you do not already have an account, you need to open one. This requires submitting necessary documents such as identity proof, address proof, and PAN details.
  2. Research and select a fund - Before investing, evaluate different ultra-short duration funds based on:
    • Past performance – Check historical returns, though past performance does not guarantee future results.
    • Risk profile – Assess the credit quality of underlying securities and the fund’s exposure to interest rate risk.
    • Expense ratio – Lower expense ratios can help maximise your net returns.
    • Tax implications – Consider short-term and long-term capital gains tax based on your investment horizon.
  3. Choose your investment mode
    • Systematic Investment Plan (SIP) – Invest a fixed amount regularly for disciplined investing.
    • Lump sum investment – Make a one-time investment based on your financial goals.
  4. Complete the investment process
    • Log in to your Bajaj Broking account.
    • Navigate to the Mutual Funds section and select the chosen ultra-short duration fund.
    • Enter the investment amount and payment method.
    • If opting for an SIP, set up an AutoPay feature for seamless future instalments.


By following these steps, you can efficiently invest in ultra-short duration funds and optimise your short-term financial planning.

 

Advantages of Investing in Ultra Short Duration Fund

Ultra-short-term funds offer a range of benefits, making them an attractive investment option for those looking for short-term parking of surplus funds. These funds provide a balance of liquidity, stability, and returns. Below are some key advantages:

  • Higher Liquidity Than Bank Deposits - Ultra-short-term funds allow investors to withdraw funds at any time without restrictions, unlike fixed deposits or other bank deposits that may have lock-in periods or penalties for early withdrawal.
  • No Exit Load in Most Cases - Typically, ultra-short-term funds do not charge an exit load, meaning investors can redeem their units without incurring extra costs. This makes them a flexible investment option for short-term needs.
  • Minimal Interest Rate Risk for Short-Term Investments - If investors hold their investment for less than three months, the impact of interest rate fluctuations on returns is nearly zero, offering a stable investment option in volatile interest rate environments.
  • Potentially Higher Returns Than Bank Deposits - In a low-interest-rate regime, ultra-short-term funds can offer better returns than bank deposits, making them a viable alternative for short-term investments. These funds typically generate returns in the range of 7–9%.
  • Systematic Transfer Plans (STP) Available - Some fund houses allow investors to systematically transfer a fixed amount from their ultra-short-term fund to equity mutual funds. This strategy enables investors to benefit from market fluctuations by averaging out the cost of investing in equity over time.

 

Risks Involved in Ultra Short Duration Fund

Despite their advantages, ultra-short-term funds come with certain risks. Investors should be aware of the following before making an investment decision:

  • Credit Risk
    • This refers to the risk of default by the issuer of the underlying debt securities.
    • If the fund holds lower-rated securities, the chances of default increase, affecting investor returns.
    • To minimise this risk, investors should opt for funds that invest in high-rated securities.
  • Interest Rate Risk
    • The value of ultra-short-term funds fluctuates with changes in interest rates.
    • When interest rates rise, the Net Asset Value (NAV) of the fund may fall, reducing returns.
    • However, since these funds invest in short-duration instruments, they are less affected by interest rate changes compared to long-term debt funds.
  • Liquidity Risk
    • If many investors redeem their units simultaneously, the fund house may struggle to meet these redemptions, leading to liquidity issues.
    • This could impact the ease with which investors can access their funds.


Investors should carefully analyse these risks and choose funds with high-quality debt instruments to ensure stability in their short-term investments.

 

Factors to Consider Before Investing in Ultra Short Duration Fund

Before investing in ultra-short-duration funds, it is essential to evaluate key factors that can impact returns and overall investment suitability. Here are some important aspects to consider:

  • Risk and Return - Ultra-short funds carry three common risks associated with debt funds.
    • Credit Risk - The risk of default by the issuer of the underlying debt securities.
    • Interest Rate Risk - The impact of fluctuating interest rates on the fund’s value.
    • Liquidity Risk - The possibility of the fund house not having sufficient funds to meet redemption requests.
  • Expense Ratio - Since the returns from these funds are lower than equity funds, investors should aim to minimise costs. The expense ratio is a fee charged by the fund house for managing the investments, and selecting a fund with a lower expense ratio can help maximise returns.
  • Investment Plan - Clearly defining investment objectives, financial goals, and risk appetite is crucial before choosing a scheme. These funds are designed for conservative investors who seek low-risk returns with quick liquidity.
  • Financial Goal Alignment - Investors with short-term financial goals or those using a Systematic Transfer Plan (STP) can benefit from these funds. The slightly longer duration compared to liquid funds allows for better planning of short-term financial needs.
  • Fund Consistency - Selecting funds with high-rated securities helps in minimising credit risks. Additionally, assessing the performance of the fund across different interest rate cycles can ensure stability. A well-managed fund should perform optimally even during changing interest rate environments.

 

Taxability of Ultra Short Duration Fund

Taxation is an important consideration when investing in ultra-short-duration funds. The tax treatment depends on the duration for which the investment is held.

  • Capital Gains Taxation:
    • Short-Term Capital Gains (STCG): If the investment is held for less than three years, the gains are added to the investor’s total income and taxed as per the applicable income tax slab.
    • Long-Term Capital Gains (LTCG): If the investment is held for three years or more, the gains are taxed at 20% with indexation benefits or 10% without indexation.
  • Dividend Taxation:
    • Dividends received from ultra-short-duration funds are added to the investor’s taxable income and taxed as per the applicable income tax slab.
    • A 10% Tax Deducted at Source (TDS) is applicable on dividend amounts exceeding ₹5,000 in a financial year.


Understanding the tax implications can help investors make informed decisions and optimise their post-tax returns.

 

Popular Ultra Short Duration Funds in India

Ultra-short-duration funds are a preferred choice for investors seeking liquidity, low risk, and moderate returns over short periods. Below is a comparison of the top five ultra-short-duration funds based on their asset under management (AUM), expense ratio, and absolute returns over three and six months.

Fund Name

AUM (in ₹ crores)

Expense Ratio (%)

Absolute Returns – 3M (%)

Absolute Returns – 6M (%)

Aditya Birla SL Savings Fund

16,348.76

0.34

1.97

3.95

Nippon India Ultra Short Duration Fund

7,695.11

0.38

1.88

3.87

Tata Ultra Short Term Fund

3,961.05

0.29

1.88

3.83

Mirae Asset Ultra Short Duration Fund

1,616.27

0.22

1.85

3.83

Invesco India Ultra Short Duration Fund

1,423.75

0.24

1.84

3.78

Note: The above-mentioned funds are for informational purposes only and are not recommendations. The funds are based on 3-month absolute returns as of 8th January 2025, which are subject to change frequently. Check out real-time data on Bajaj Broking.

Aditya Birla SL Savings Fund

The Aditya Birla SL Savings Fund, with an AUM of ₹16,348.76 crore, offers stable returns through short-duration investments. It has a competitive expense ratio of 0.34% and delivered absolute returns of 1.97% over three months and 3.95% over six months. Managed by Aditya Birla Sun Life AMC, a joint venture of Aditya Birla Group and Sun Life Financial, the fund leverages extensive market expertise. It is ideal for investors seeking liquidity and steady income over short time horizons.

Nippon India Ultra Short Duration Fund

The Nippon India Ultra Short Duration Fund, managing ₹7,695.11 crore in assets, provides reliable short-term investment options. With an expense ratio of 0.38%, it recorded absolute returns of 1.88% in three months and 3.87% in six months. Operated by Nippon India Mutual Fund, a leader with ₹4,15,316.08 crore in AUM, the fund focuses on generating steady income with low risk, making it suitable for conservative investors.

Tata Ultra Short Term Fund

The Tata Ultra Short Term Fund, with an AUM of ₹3,961.05 crore, offers consistent returns of 1.88% over three months and 3.83% over six months. It has an expense ratio of 0.29%, reflecting its cost-efficiency. Managed by Tata Asset Management, which has over 25 years of experience, the fund provides a secure and liquid investment avenue for individuals seeking stability and moderate returns over shorter durations.

Mirae Asset Ultra Short Duration Fund

The Mirae Asset Ultra Short Duration Fund, handling ₹1,616.27 crore in assets, provides competitive returns with absolute gains of 1.85% in three months and 3.83% in six months. Its low expense ratio of 0.22% enhances cost-effectiveness. Managed by Mirae Asset Global Investments, a key player in the Asian financial markets, the fund is tailored for investors seeking short-term returns with high liquidity and low risk.

Invesco India Ultra Short Duration Fund

The Invesco India Ultra Short Duration Fund, managing ₹1,423.75 crore in assets, is a reliable choice for short-term investments. It offers absolute returns of 1.84% over three months and 3.78% over six months, with a low expense ratio of 0.24%. Operated by Invesco, a global investment firm with a presence in 25 countries, the fund is ideal for investors seeking steady income and enhanced liquidity over shorter periods.

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ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at https://www.nseindia.com/

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : https://www.bajajbroking.in/pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

MARKETSMITH / GOLDENPI / SOVEREIGN GOLD BONDS

Bajaj Financial Securities Limited is only distributor of this product. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism. Bajaj Financial Securities Limited is not a registered Investment Advisory. User discretion is required before investing. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever. 

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites. 

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.