ઓછા જોખમવાળા રોકાણકારો માટે ટોચના 4 મ્યુચ્યુઅલ ફંડ

Updated on March 27, 2026 , 3710 views

જો તમે નજીક આવી રહ્યા છોનિવૃત્તિ અથવા એક નવોદિત છેમ્યુચ્યુઅલ ફંડ અથવા જો તમે એવા રોકાણની શોધમાં હોવ કે જેનાથી તમને વધુ નુકસાન ન થાય અને તે જ સમયે તમારા ભંડોળનું રક્ષણ ન થાય, તો અમારી પાસે કેટલાક વિકલ્પો છે જે તમારે જોવાની જરૂર છે. આદર્શરીતે, ઓછા જોખમવાળા રોકાણકારો એવા છે જેઓ તેમના નાણાંનું રોકાણ કરવા માંગે છે, પરંતુ તેમના રોકાણોને જોખમમાં લેવા માંગતા નથી. બીજા શબ્દોમાં કહીએ તો, તેઓ મ્યુચ્યુઅલ ફંડમાં સુરક્ષિત રોકાણ કરવા માંગે છે.

ડેટ ફંડ, મ્યુચ્યુઅલ ફંડનો એક પ્રકાર, રૂઢિચુસ્ત રોકાણકારો માટે કેટલાક શ્રેષ્ઠ ઓછા જોખમવાળા રોકાણો ધરાવે છે. ડેટ ફંડ સરકારમાં રોકાણ કરે છેબોન્ડ, પૈસાબજાર સિક્યોરિટીઝ વગેરેની સરખામણીમાં તેઓ ઓછું જોખમ ધરાવે છેઇક્વિટી. ઉપરાંત, આ ફંડ્સમાં ઓછું જોખમ હોવાથી, આ ફંડ્સની પાકતી મુદત ટૂંકી હોય છે, જે થોડા દિવસોથી એક વર્ષ સુધી બદલાય છે. પરંતુ, આ ભંડોળ આ ટૂંકા ગાળાના વળતર માટે જાણીતા છે. જોખમ-વિરોધી રોકાણકારો ટૂંકા ગાળા માટે આ ફંડ્સમાં રોકાણ કરી શકે છે અને શ્રેષ્ઠ વળતર મેળવી શકે છે.

ઓછા જોખમવાળા રોકાણકારો માટે શ્રેષ્ઠ ઓછા જોખમ મ્યુચ્યુઅલ ફંડ

રાતોરાત ભંડોળ

આ એક ડેટ સ્કીમ છે જે એક દિવસમાં પાકતા બોન્ડમાં રોકાણ કરશે. બીજા શબ્દોમાં કહીએ તો, રોકાણ એક દિવસની પાકતી મુદત સાથે રાતોરાત સિક્યોરિટીઝમાં કરવામાં આવે છે. જોખમો અને વળતરની ચિંતા કર્યા વિના નાણાં પાર્ક કરવા માંગતા રોકાણકારો માટે આ એક સલામત વિકલ્પ છે. અમુક રાતોરાત સ્કીમ, જે રીતે ક્રેડિટ રિસ્ક-ફ્રી રિટર્ન જનરેટ કરવા માટેઆવક અથવા વૃદ્ધિ, કેન્દ્ર સરકારની સિક્યોરિટીઝ, ટ્રેઝરી બિલ્સમાં રોકાણ કરે છે,કૉલ કરો પૈસા અને રિપોઝ. આ રોકાણકારો માટે એક શ્રેષ્ઠ વિકલ્પ છે જેઓ તેમની વધારાની રકમ એક રાત માટે રોકાણ કરવા માંગે છે. જો કે, જેઓ તેમના ફંડને રાતોરાત રિડીમ કરવા માંગતા નથી, તેઓ તેને સ્કીમમાં રહેવા દઈ શકે છે.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
UTI Overnight Fund Growth	₹3,644.39 ↑ 0.55	₹4,437	1.2	2.6	5.4	6.3	5.8	4.95%	2D	2D
SBI Overnight Fund Growth	₹4,319.41 ↑ 0.65	₹31,308	1.2	2.5	5.4	6.2	5.7	4.97%	4D
HDFC Overnight Fund Growth	₹3,950.1 ↑ 0.60	₹10,920	1.2	2.5	5.3	6.2	5.7	5.05%	6M 29D	3D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 Mar 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	UTI Overnight Fund	SBI Overnight Fund	HDFC Overnight Fund
Point 1	Bottom quartile AUM (₹4,437 Cr).	Highest AUM (₹31,308 Cr).	Lower mid AUM (₹10,920 Cr).
Point 2	Established history (22+ yrs).	Established history (23+ yrs).	Oldest track record among peers (24 yrs).
Point 3	Top rated.	Rating: 2★ (lower mid).	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 5.43% (upper mid).	1Y return: 5.39% (lower mid).	1Y return: 5.34% (bottom quartile).
Point 6	1M return: 0.40% (upper mid).	1M return: 0.40% (lower mid).	1M return: 0.39% (bottom quartile).
Point 7	Sharpe: -18.59 (lower mid).	Sharpe: -15.95 (upper mid).	Sharpe: -23.11 (bottom quartile).
Point 8	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 4.95% (bottom quartile).	Yield to maturity (debt): 4.97% (lower mid).	Yield to maturity (debt): 5.05% (upper mid).
Point 10	Modified duration: 0.01 yrs (upper mid).	Modified duration: 0.01 yrs (lower mid).	Modified duration: 0.58 yrs (bottom quartile).

UTI Overnight Fund

Bottom quartile AUM (₹4,437 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 5.43% (upper mid).
1M return: 0.40% (upper mid).
Sharpe: -18.59 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 4.95% (bottom quartile).
Modified duration: 0.01 yrs (upper mid).

SBI Overnight Fund

Highest AUM (₹31,308 Cr).
Established history (23+ yrs).
Rating: 2★ (lower mid).
Risk profile: Low.
1Y return: 5.39% (lower mid).
1M return: 0.40% (lower mid).
Sharpe: -15.95 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 4.97% (lower mid).
Modified duration: 0.01 yrs (lower mid).

HDFC Overnight Fund

Lower mid AUM (₹10,920 Cr).
Oldest track record among peers (24 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Low.
1Y return: 5.34% (bottom quartile).
1M return: 0.39% (bottom quartile).
Sharpe: -23.11 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 5.05% (upper mid).
Modified duration: 0.58 yrs (bottom quartile).

લિક્વિડ ફંડ્સ

લિક્વિડ ફંડ્સ સિક્યોરિટીઝમાં રોકાણ કરો કે જેની પાકતી મુદત ઓછી હોય, સામાન્ય રીતે 91 દિવસથી ઓછી હોય. આ ફંડ્સ મુખ્યત્વે ટ્રેઝરી બિલ્સ, કોમર્શિયલ પેપર્સ, ટર્મ ડિપોઝિટ વગેરેમાં રોકાણ કરે છે. લિક્વિડ ફંડ્સ સરળતા પૂરી પાડે છે.પ્રવાહિતા અને અન્ય પ્રકારના ડેટ ઇન્સ્ટ્રુમેન્ટ કરતાં ઓછા અસ્થિર છે. ઉપરાંત, પ્રવાહી પરંપરાગત કરતાં વધુ સારો વિકલ્પ છેબેંક બચત ખાતું. બેંક ખાતાની તુલનામાં, લિક્વિડ ફંડ વાર્ષિક વ્યાજના 7-8% પ્રદાન કરે છે. સામાન્ય રીતે, કોઈપણ વ્યક્તિએ તેમના બચત ખાતામાં નિષ્ક્રિય રોકડ વિશે વિચાર્યું હોવું જોઈએરોકાણ તે ક્યાંક તેમાંથી વધુ પૈસા કમાવવા માટે. જોખમ-મુક્ત રોકાણ ઇચ્છતા રોકાણકારો આદર્શ રીતે આ ફંડ્સમાં રોકાણ કરવાનું પસંદ કરી શકે છે.

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
IDBI Liquid Fund Growth	₹2,454.04 ↑ 0.35	₹503	0.5	1.7	3.4	6.6		6.66%	1M 7D	1M 10D
BOI AXA Liquid Fund Growth	₹3,140.87 ↑ 1.60	₹1,915	0.4	1.5	3	6.2	6.6	6.34%	1M 17D	1M 17D
Axis Liquid Fund Growth	₹3,035.8 ↑ 1.49	₹43,636	0.4	1.5	2.9	6.1	6.6	6.36%	1M 11D	1M 14D
DSP Liquidity Fund Growth	₹3,890.43 ↑ 0.80	₹21,058	0.4	1.5	2.9	6.1	6.5	6.44%	1M 13D	1M 17D
Mahindra Liquid Fund Growth	₹1,773.85 ↑ 0.70	₹1,145	0.4	1.4	2.9	6.1	6.5	6.49%	1M 15D	1M 17D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Jul 23

Research Highlights & Commentary of 5 Funds showcased

Commentary	IDBI Liquid Fund	BOI AXA Liquid Fund	Axis Liquid Fund	DSP Liquidity Fund	Mahindra Liquid Fund
Point 1	Bottom quartile AUM (₹503 Cr).	Lower mid AUM (₹1,915 Cr).	Highest AUM (₹43,636 Cr).	Upper mid AUM (₹21,058 Cr).	Bottom quartile AUM (₹1,145 Cr).
Point 2	Established history (15+ yrs).	Established history (17+ yrs).	Established history (16+ yrs).	Oldest track record among peers (20 yrs).	Established history (9+ yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Top rated.	Rating: 3★ (bottom quartile).	Not Rated.
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.55% (top quartile).	1Y return: 6.19% (upper mid).	1Y return: 6.14% (lower mid).	1Y return: 6.13% (bottom quartile).	1Y return: 6.12% (bottom quartile).
Point 6	1M return: 0.53% (top quartile).	1M return: 0.44% (upper mid).	1M return: 0.44% (bottom quartile).	1M return: 0.44% (bottom quartile).	1M return: 0.44% (lower mid).
Point 7	Sharpe: 0.20 (bottom quartile).	Sharpe: 3.36 (top quartile).	Sharpe: 2.99 (upper mid).	Sharpe: 2.91 (lower mid).	Sharpe: 2.76 (bottom quartile).
Point 8	Information ratio: -5.96 (bottom quartile).	Information ratio: 1.71 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.66% (top quartile).	Yield to maturity (debt): 6.34% (bottom quartile).	Yield to maturity (debt): 6.36% (bottom quartile).	Yield to maturity (debt): 6.44% (lower mid).	Yield to maturity (debt): 6.49% (upper mid).
Point 10	Modified duration: 0.10 yrs (top quartile).	Modified duration: 0.13 yrs (bottom quartile).	Modified duration: 0.12 yrs (upper mid).	Modified duration: 0.12 yrs (lower mid).	Modified duration: 0.12 yrs (bottom quartile).

IDBI Liquid Fund

Bottom quartile AUM (₹503 Cr).
Established history (15+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 6.55% (top quartile).
1M return: 0.53% (top quartile).
Sharpe: 0.20 (bottom quartile).
Information ratio: -5.96 (bottom quartile).
Yield to maturity (debt): 6.66% (top quartile).
Modified duration: 0.10 yrs (top quartile).

BOI AXA Liquid Fund

Lower mid AUM (₹1,915 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.19% (upper mid).
1M return: 0.44% (upper mid).
Sharpe: 3.36 (top quartile).
Information ratio: 1.71 (top quartile).
Yield to maturity (debt): 6.34% (bottom quartile).
Modified duration: 0.13 yrs (bottom quartile).

Axis Liquid Fund

Highest AUM (₹43,636 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.14% (lower mid).
1M return: 0.44% (bottom quartile).
Sharpe: 2.99 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.36% (bottom quartile).
Modified duration: 0.12 yrs (upper mid).

DSP Liquidity Fund

Upper mid AUM (₹21,058 Cr).
Oldest track record among peers (20 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.13% (bottom quartile).
1M return: 0.44% (bottom quartile).
Sharpe: 2.91 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.44% (lower mid).
Modified duration: 0.12 yrs (lower mid).

Mahindra Liquid Fund

Bottom quartile AUM (₹1,145 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Low.
1Y return: 6.12% (bottom quartile).
1M return: 0.44% (lower mid).
Sharpe: 2.76 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.49% (upper mid).
Modified duration: 0.12 yrs (bottom quartile).

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અલ્ટ્રા શોર્ટ ટર્મ ફંડ્સ

અલ્ટ્રા ટૂંકા ગાળાના ફંડમાં રોકાણ કરે છેનિશ્ચિત આવક ત્રણથી છ મહિનાની વચ્ચે મેકોલે સમયગાળો ધરાવતા સાધનો. અલ્ટ્રા શોર્ટ ટર્મ ફંડ્સ રોકાણકારોને વ્યાજ દરના જોખમો ટાળવામાં મદદ કરે છે અને લિક્વિડ ડેટ ફંડ્સની તુલનામાં વધુ સારું વળતર પણ આપે છે. આ ફંડ્સ ટૂંકા ગાળાના રોકાણો છે જે રોકાણકારો માટે ખૂબ જ યોગ્ય છે કે જેઓ સારા વળતર મેળવવા માટે રોકાણના જોખમમાં નજીવો વધારો કરવા ઈચ્છે છે. સામાન્ય રીતે, લાંબા સમય સુધી પાકતી મુદત ધરાવતાં સાધનો માટે ડેટ ઇન્સ્ટ્રુમેન્ટ પર ઉપજ વધારે હોય છે. આમ, અલ્ટ્રા શોર્ટ મ્યુચ્યુઅલ ફંડમાં સિક્યોરિટીઝ સામાન્ય રીતે લિક્વિડ ફંડની સરખામણીમાં ઊંચી ઉપજ કમાય છે (જોકે પ્રમાણમાં વધારે જોખમ હોય છે). પરિણામે, અલ્ટ્રાટૂંકા ગાળાના ભંડોળ તુલનાત્મક સમયગાળામાં લિક્વિડ ફંડ્સ કરતાં નજીવું સારું વળતર આપી શકે છે.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth	₹34.9131 ↑ 0.04	₹297	1.3	5.9	13.7	8.8		0%		1Y 15D
IDBI Ultra Short Term Fund Growth	₹2,424.68 ↑ 0.44	₹146	1.6	3.4	6.4	4.8		6.83%	2M 10D	2M 23D
Aditya Birla Sun Life Savings Fund Growth	₹572.749 ↑ 0.41	₹21,467	1.2	2.8	6.8	7.3	7.4	7.14%	5M 23D	6M 18D
SBI Magnum Ultra Short Duration Fund Growth	₹6,232.84 ↑ 5.49	₹13,685	1.3	2.8	6.4	7	7	6.47%	4M 13D	6M
ICICI Prudential Ultra Short Term Fund Growth	₹28.9489 ↑ 0.04	₹14,897	1.3	2.8	6.5	7	7.1	7.11%	5M 8D	6M 14D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Ultra Short Bond Fund - Super Institutional Plan	IDBI Ultra Short Term Fund	Aditya Birla Sun Life Savings Fund	SBI Magnum Ultra Short Duration Fund	ICICI Prudential Ultra Short Term Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Bottom quartile AUM (₹146 Cr).	Highest AUM (₹21,467 Cr).	Lower mid AUM (₹13,685 Cr).	Upper mid AUM (₹14,897 Cr).
Point 2	Established history (18+ yrs).	Established history (15+ yrs).	Established history (22+ yrs).	Oldest track record among peers (26 yrs).	Established history (14+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Moderate.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 6.39% (bottom quartile).	1Y return: 6.77% (upper mid).	1Y return: 6.44% (bottom quartile).	1Y return: 6.54% (lower mid).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.52% (upper mid).	1M return: 0.28% (bottom quartile).	1M return: 0.33% (lower mid).	1M return: 0.31% (bottom quartile).
Point 7	Sharpe: 2.57 (top quartile).	Sharpe: -0.57 (bottom quartile).	Sharpe: 2.39 (upper mid).	Sharpe: 2.26 (bottom quartile).	Sharpe: 2.28 (lower mid).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 6.83% (lower mid).	Yield to maturity (debt): 7.14% (top quartile).	Yield to maturity (debt): 6.47% (bottom quartile).	Yield to maturity (debt): 7.11% (upper mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.19 yrs (upper mid).	Modified duration: 0.48 yrs (bottom quartile).	Modified duration: 0.37 yrs (lower mid).	Modified duration: 0.44 yrs (bottom quartile).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Established history (18+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (top quartile).
Sharpe: 2.57 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).

IDBI Ultra Short Term Fund

Bottom quartile AUM (₹146 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.39% (bottom quartile).
1M return: 0.52% (upper mid).
Sharpe: -0.57 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.83% (lower mid).
Modified duration: 0.19 yrs (upper mid).

Aditya Birla Sun Life Savings Fund

Highest AUM (₹21,467 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 6.77% (upper mid).
1M return: 0.28% (bottom quartile).
Sharpe: 2.39 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.14% (top quartile).
Modified duration: 0.48 yrs (bottom quartile).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹13,685 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 6.44% (bottom quartile).
1M return: 0.33% (lower mid).
Sharpe: 2.26 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.47% (bottom quartile).
Modified duration: 0.37 yrs (lower mid).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹14,897 Cr).
Established history (14+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 6.54% (lower mid).
1M return: 0.31% (bottom quartile).
Sharpe: 2.28 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.11% (upper mid).
Modified duration: 0.44 yrs (bottom quartile).

મની માર્કેટ ફંડ્સ

મની માર્કેટ ફંડ ઘણા બજારોમાં રોકાણ કરે છે જેમ કે કોમર્શિયલ/ટ્રેઝરી બિલ્સ, કોમર્શિયલ પેપર્સ,ડિપોઝિટનું પ્રમાણપત્ર અને ભારતીય રિઝર્વ બેંક (RBI) દ્વારા નિર્દિષ્ટ અન્ય સાધનો. ટૂંકા ગાળામાં સારું વળતર મેળવવા માંગતા જોખમ-વિરોધી રોકાણકારો માટે આ રોકાણો સારો વિકલ્પ છે. આ ડેટ સ્કીમ એક વર્ષ સુધીની પાકતી મુદત ધરાવતા મની માર્કેટ સાધનોમાં રોકાણ કરશે. ની કામગીરીમની માર્કેટ ફંડ્સ ભારતીય રિઝર્વ બેંક દ્વારા નિર્ધારિત વ્યાજ દરો સાથે ગાઢ રીતે જોડાયેલું છેસેન્ટ્રલ બેંક ઓફ ઈન્ડિયા. તેથી, જ્યારે RBI બજારમાં દરમાં વધારો કરે છે, ત્યારે ઉપજ વધે છે, અને મની માર્કેટ ફંડ્સ સારું વળતર આપવામાં સક્ષમ હોય છે.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Bandhan Money Manager Fund Growth	₹42.1381 ↑ 0.05	₹14,805	1.3	2.7	6.6	7	7.3	6.63%	7M 19D	7M 20D
Kotak Money Market Scheme Growth	₹4,690.12 ↑ 3.15	₹33,661	1.2	2.7	6.7	7.3	7.4	6.84%	7M 24D	7M 24D
UTI Money Market Fund Growth	₹3,221.26 ↑ 2.31	₹20,320	1.2	2.7	6.7	7.4	7.5	6.03%	7M	7M
ICICI Prudential Money Market Fund Growth	₹396.743 ↑ 0.41	₹32,236	1.2	2.7	6.7	7.3	7.4	6.77%	7M 21D	8M 9D
Franklin India Savings Fund Growth	₹52.3879 ↑ 0.04	₹4,352	1.2	2.7	6.7	7.3	7.4	6.4%	6M 11D	6M 23D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	Bandhan Money Manager Fund	Kotak Money Market Scheme	UTI Money Market Fund	ICICI Prudential Money Market Fund	Franklin India Savings Fund
Point 1	Bottom quartile AUM (₹14,805 Cr).	Highest AUM (₹33,661 Cr).	Lower mid AUM (₹20,320 Cr).	Upper mid AUM (₹32,236 Cr).	Bottom quartile AUM (₹4,352 Cr).
Point 2	Established history (23+ yrs).	Established history (22+ yrs).	Established history (16+ yrs).	Established history (20+ yrs).	Oldest track record among peers (24 yrs).
Point 3	Rating: 3★ (bottom quartile).	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Moderately Low.
Point 5	1Y return: 6.64% (bottom quartile).	1Y return: 6.67% (lower mid).	1Y return: 6.72% (top quartile).	1Y return: 6.70% (upper mid).	1Y return: 6.67% (bottom quartile).
Point 6	1M return: 0.25% (top quartile).	1M return: 0.24% (upper mid).	1M return: 0.21% (lower mid).	1M return: 0.20% (bottom quartile).	1M return: 0.21% (bottom quartile).
Point 7	Sharpe: 2.54 (top quartile).	Sharpe: 2.32 (bottom quartile).	Sharpe: 2.45 (bottom quartile).	Sharpe: 2.51 (upper mid).	Sharpe: 2.46 (lower mid).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.63% (lower mid).	Yield to maturity (debt): 6.84% (top quartile).	Yield to maturity (debt): 6.03% (bottom quartile).	Yield to maturity (debt): 6.77% (upper mid).	Yield to maturity (debt): 6.40% (bottom quartile).
Point 10	Modified duration: 0.64 yrs (lower mid).	Modified duration: 0.65 yrs (bottom quartile).	Modified duration: 0.58 yrs (upper mid).	Modified duration: 0.64 yrs (bottom quartile).	Modified duration: 0.53 yrs (top quartile).

Bandhan Money Manager Fund

Bottom quartile AUM (₹14,805 Cr).
Established history (23+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.64% (bottom quartile).
1M return: 0.25% (top quartile).
Sharpe: 2.54 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.63% (lower mid).
Modified duration: 0.64 yrs (lower mid).

Kotak Money Market Scheme

Highest AUM (₹33,661 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.67% (lower mid).
1M return: 0.24% (upper mid).
Sharpe: 2.32 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.84% (top quartile).
Modified duration: 0.65 yrs (bottom quartile).

UTI Money Market Fund

Lower mid AUM (₹20,320 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.72% (top quartile).
1M return: 0.21% (lower mid).
Sharpe: 2.45 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.03% (bottom quartile).
Modified duration: 0.58 yrs (upper mid).

ICICI Prudential Money Market Fund

Upper mid AUM (₹32,236 Cr).
Established history (20+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.70% (upper mid).
1M return: 0.20% (bottom quartile).
Sharpe: 2.51 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.77% (upper mid).
Modified duration: 0.64 yrs (bottom quartile).

Franklin India Savings Fund

Bottom quartile AUM (₹4,352 Cr).
Oldest track record among peers (24 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.67% (bottom quartile).
1M return: 0.21% (bottom quartile).
Sharpe: 2.46 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.40% (bottom quartile).
Modified duration: 0.53 yrs (top quartile).

*ઉપર શ્રેષ્ઠની યાદી છેઓછું જોખમ ભંડોળ ઉપર AUM/નેટ અસ્કયામતો ધરાવે છે100 કરોડ. પર છટણીછેલ્લા 6 મહિનાનું વળતર.

1. Franklin India Ultra Short Bond Fund - Super Institutional Plan

To provide a combination of regular income and high liquidity by investing primarily in a mix of short term debt and money market instruments.

Research Highlights for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Oldest track record among peers (18 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (top quartile).
Sharpe: 2.57 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).
Average maturity: 1.04 yrs (bottom quartile).
Exit load: NIL.

Below is the key information for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth
Launch Date	18 Dec 07
NAV (07 Aug 22)	₹34.9131 ↑ 0.04 (0.11 %)
Net Assets (Cr)	₹297 on 31 Jul 22
Category	Debt - Ultrashort Bond
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆
Risk	Moderate
Expense Ratio	0.52
Sharpe Ratio	2.57
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	0%
Effective Maturity	1 Year 15 Days
Modified Duration

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹11,215

Franklin India Ultra Short Bond Fund - Super Institutional Plan SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Purchase not allowed

Returns for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 22

Duration	Returns
1 Month	0.6%
3 Month	1.3%
6 Month	5.9%
1 Year	13.7%
3 Year	8.8%
5 Year	8.7%
10 Year
15 Year
Since launch	8.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

Fund Manager information for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Name	Since	Tenure

Data below for Franklin India Ultra Short Bond Fund - Super Institutional Plan as on 31 Jul 22

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

2. IDBI Liquid Fund

The investment objective of the Scheme will be to provide investors with high level of liquidity along with regular income for their investment. The Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a low risk portfolio of money market and debt instruments with maturity of up to 91 days. However, there can be no assurance that the investment objective of the Scheme will be realized.

Research Highlights for IDBI Liquid Fund

Lower mid AUM (₹503 Cr).
Established history (15+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 6.55% (upper mid).
1M return: 0.53% (upper mid).
Sharpe: 0.20 (bottom quartile).
Information ratio: -5.96 (bottom quartile).
Yield to maturity (debt): 6.66% (upper mid).
Modified duration: 0.10 yrs (upper mid).
Average maturity: 0.11 yrs (top quartile).
Exit load: NIL.

Below is the key information for IDBI Liquid Fund

IDBI Liquid Fund Growth
Launch Date	9 Jul 10
NAV (28 Jul 23)	₹2,454.04 ↑ 0.35 (0.01 %)
Net Assets (Cr)	₹503 on 30 Jun 23
Category	Debt - Liquid Fund
AMC	IDBI Asset Management Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.17
Sharpe Ratio	0.2
Information Ratio	-5.96
Alpha Ratio	-0.21
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.66%
Effective Maturity	1 Month 10 Days
Modified Duration	1 Month 7 Days

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹10,345
28 Feb 23	₹10,897

IDBI Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for IDBI Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 22

Duration	Returns
1 Month	0.5%
3 Month	1.7%
6 Month	3.4%
1 Year	6.6%
3 Year	4.5%
5 Year	5.3%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

Fund Manager information for IDBI Liquid Fund

Name	Since	Tenure

Data below for IDBI Liquid Fund as on 30 Jun 23

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

3. IDBI Ultra Short Term Fund

The objective of the Scheme will be to provide investors with regular income for their investment by investing in debt and money market instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months. However, there can be no assurance that the investment objective of the Scheme will be realized.

Research Highlights for IDBI Ultra Short Term Fund

Bottom quartile AUM (₹146 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.39% (lower mid).
1M return: 0.52% (lower mid).
Sharpe: -0.57 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.83% (top quartile).
Modified duration: 0.19 yrs (bottom quartile).
Average maturity: 0.23 yrs (bottom quartile).
Exit load: NIL.

Below is the key information for IDBI Ultra Short Term Fund

IDBI Ultra Short Term Fund Growth
Launch Date	3 Sep 10
NAV (28 Jul 23)	₹2,424.68 ↑ 0.44 (0.02 %)
Net Assets (Cr)	₹146 on 30 Jun 23
Category	Debt - Ultrashort Bond
AMC	IDBI Asset Management Limited
Rating	☆
Risk	Moderately Low
Expense Ratio	0.6
Sharpe Ratio	-0.57
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.83%
Effective Maturity	2 Months 23 Days
Modified Duration	2 Months 10 Days

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹10,390
28 Feb 23	₹10,901

IDBI Ultra Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for IDBI Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 22

Duration	Returns
1 Month	0.5%
3 Month	1.6%
6 Month	3.4%
1 Year	6.4%
3 Year	4.8%
5 Year	5.5%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

Fund Manager information for IDBI Ultra Short Term Fund

Name	Since	Tenure

Data below for IDBI Ultra Short Term Fund as on 30 Jun 23

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

4. BOI AXA Liquid Fund

Objective The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments. However there can be no assurance that the investment objectives of the Scheme will be realized.

Research Highlights for BOI AXA Liquid Fund

Upper mid AUM (₹1,915 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.19% (bottom quartile).
1M return: 0.44% (bottom quartile).
Sharpe: 3.36 (top quartile).
Information ratio: 1.71 (top quartile).
Yield to maturity (debt): 6.34% (bottom quartile).
Modified duration: 0.13 yrs (bottom quartile).
Average maturity: 0.13 yrs (lower mid).
Exit load: NIL.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Tbill (~7.8%).

Below is the key information for BOI AXA Liquid Fund

BOI AXA Liquid Fund Growth
Launch Date	16 Jul 08
NAV (30 Mar 26)	₹3,140.87 ↑ 1.60 (0.05 %)
Net Assets (Cr)	₹1,915 on 28 Feb 26
Category	Debt - Liquid Fund
AMC	BOI AXA Investment Mngrs Private Ltd
Rating	☆☆☆
Risk	Low
Expense Ratio	0.13
Sharpe Ratio	3.36
Information Ratio	1.71
Alpha Ratio	0.08
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.34%
Effective Maturity	1 Month 17 Days
Modified Duration	1 Month 17 Days

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹10,334
28 Feb 23	₹10,892
29 Feb 24	₹11,683
28 Feb 25	₹12,543
28 Feb 26	₹13,343

BOI AXA Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for BOI AXA Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 22

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3%
1 Year	6.2%
3 Year	7%
5 Year	6%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.6%
2023	7.4%
2022	7%
2021	4.9%
2020	3.3%
2019	4.1%
2018	6.4%
2017	7.4%
2016	6.7%
2015	7.6%

Fund Manager information for BOI AXA Liquid Fund

Name	Since	Tenure
Mithraem Bharucha	17 Aug 21	4.54 Yr.

Data below for BOI AXA Liquid Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	99.71%
Other	0.29%

Debt Sector Allocation

Sector	Value
Cash Equivalent	57.03%
Corporate	36.26%
Government	6.43%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Tbill Sovereign Bonds \| -	8%	₹149 Cr	15,000,000
Indian Bank Certificate of Deposit \| -	5%	₹100 Cr	10,000,000
Repo CBLO/Reverse Repo \| -	5%	₹99 Cr
Union Bank Of India Certificate of Deposit \| -	5%	₹92 Cr	9,300,000 ↑ 4,300,000
HDFC Securities Limited Commercial Paper \| -	4%	₹80 Cr	8,000,000
Bank Of Baroda Certificate of Deposit \| -	4%	₹75 Cr	7,500,000
Canara Bank Certificate of Deposit \| -	4%	₹75 Cr	7,500,000
07/05/2026 Maturing 91 DTB Sovereign Bonds \| -	4%	₹74 Cr	7,500,000
Export-Import Bank Of India Certificate of Deposit \| -	4%	₹74 Cr	7,500,000 ↑ 7,500,000
State Bank Of India Certificate of Deposit \| -	3%	₹65 Cr	6,500,000

5. Axis Liquid Fund

To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However there can be no assurance that the investment objective of the scheme will be achieved.

Research Highlights for Axis Liquid Fund

Highest AUM (₹43,636 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.14% (bottom quartile).
1M return: 0.44% (bottom quartile).
Sharpe: 2.99 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.36% (lower mid).
Modified duration: 0.12 yrs (lower mid).
Average maturity: 0.12 yrs (upper mid).
Exit load: NIL.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Clearing Corporation Of India Ltd (~4.0%).

Below is the key information for Axis Liquid Fund

Axis Liquid Fund Growth
Launch Date	9 Oct 09
NAV (30 Mar 26)	₹3,035.8 ↑ 1.49 (0.05 %)
Net Assets (Cr)	₹43,636 on 28 Feb 26
Category	Debt - Liquid Fund
AMC	Axis Asset Management Company Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.23
Sharpe Ratio	2.99
Information Ratio	0
Alpha Ratio	0
Min Investment	500
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.36%
Effective Maturity	1 Month 14 Days
Modified Duration	1 Month 11 Days

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹10,336
28 Feb 23	₹10,889
29 Feb 24	₹11,678
28 Feb 25	₹12,533
28 Feb 26	₹13,330

Axis Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Axis Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 22

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	2.9%
1 Year	6.1%
3 Year	6.9%
5 Year	6%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.6%
2023	7.4%
2022	7.1%
2021	4.9%
2020	3.3%
2019	4.3%
2018	6.6%
2017	7.5%
2016	6.7%
2015	7.6%

Fund Manager information for Axis Liquid Fund

Name	Since	Tenure
Devang Shah	5 Nov 12	13.32 Yr.
Aditya Pagaria	13 Aug 16	9.55 Yr.
Sachin Jain	3 Jul 23	2.66 Yr.

Data below for Axis Liquid Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	99.77%
Other	0.23%

Debt Sector Allocation

Sector	Value
Cash Equivalent	83.15%
Corporate	13.22%
Government	3.4%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Clearing Corporation Of India Ltd CBLO/Reverse Repo \| -	4%	₹1,724 Cr
Small Industries Development Bank of India Commercial Paper \| -	4%	₹1,693 Cr	34,000 ↑ 4,000
Union Bank of India Domestic Bonds \| -	3%	₹1,481 Cr	30,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	3%	₹1,480 Cr	30,000
27/03/2026 Maturing 91 DTB Sovereign Bonds \| -	3%	₹1,440 Cr	144,500,000
National Bank For Agriculture & Rural Development Commercial Paper \| -	3%	₹1,232 Cr	25,000
HDFC Bank Limited Certificate of Deposit \| -	2%	₹997 Cr	20,000
Punjab National Bank Domestic Bonds \| -	2%	₹993 Cr	20,000
07/05/2026 Maturing 364 DTB Sovereign Bonds \| -	2%	₹990 Cr	100,000,000
India (Republic of) - \| -	2%	₹988 Cr	100,000,000 ↑ 100,000,000

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