ਘੱਟ ਜੋਖਮ ਵਾਲੇ ਨਿਵੇਸ਼ਕਾਂ ਲਈ ਚੋਟੀ ਦੇ 4 ਮਿਉਚੁਅਲ ਫੰਡ

Updated on March 30, 2026 , 3714 views

ਜੇ ਤੁਸੀਂ ਨੇੜੇ ਆ ਰਹੇ ਹੋਸੇਵਾਮੁਕਤੀ ਜਾਂ ਕਰਨ ਲਈ ਇੱਕ ਨਵੇਂ ਹਨਮਿਉਚੁਅਲ ਫੰਡ ਜਾਂ ਜੇਕਰ ਤੁਸੀਂ ਕਿਸੇ ਅਜਿਹੇ ਨਿਵੇਸ਼ ਦੀ ਤਲਾਸ਼ ਕਰ ਰਹੇ ਹੋ ਜਿਸ ਨਾਲ ਤੁਹਾਨੂੰ ਜ਼ਿਆਦਾ ਨੁਕਸਾਨ ਨਾ ਹੋਵੇ ਅਤੇ ਉਸੇ ਸਮੇਂ ਤੁਹਾਡੇ ਫੰਡਾਂ ਦੀ ਰੱਖਿਆ ਨਾ ਹੋਵੇ, ਤਾਂ ਸਾਡੇ ਕੋਲ ਕੁਝ ਵਿਕਲਪ ਹਨ ਜਿਨ੍ਹਾਂ 'ਤੇ ਤੁਹਾਨੂੰ ਦੇਖਣ ਦੀ ਲੋੜ ਹੈ। ਆਦਰਸ਼ਕ ਤੌਰ 'ਤੇ, ਘੱਟ ਜੋਖਮ ਵਾਲੇ ਨਿਵੇਸ਼ਕ ਉਹ ਹੁੰਦੇ ਹਨ ਜੋ ਆਪਣੇ ਪੈਸੇ ਦਾ ਨਿਵੇਸ਼ ਕਰਨਾ ਚਾਹੁੰਦੇ ਹਨ, ਪਰ ਆਪਣੇ ਨਿਵੇਸ਼ਾਂ ਨੂੰ ਜੋਖਮ ਵਿੱਚ ਨਹੀਂ ਪਾਉਣਾ ਚਾਹੁੰਦੇ। ਦੂਜੇ ਸ਼ਬਦਾਂ ਵਿੱਚ, ਉਹ ਮਿਉਚੁਅਲ ਫੰਡਾਂ ਵਿੱਚ ਇੱਕ ਸੁਰੱਖਿਅਤ ਨਿਵੇਸ਼ ਕਰਨਾ ਚਾਹੁੰਦੇ ਹਨ।

ਕਰਜ਼ਾ ਫੰਡ, ਮਿਉਚੁਅਲ ਫੰਡ ਦੀ ਇੱਕ ਕਿਸਮ, ਰੂੜੀਵਾਦੀ ਨਿਵੇਸ਼ਕਾਂ ਲਈ ਸਭ ਤੋਂ ਵਧੀਆ ਘੱਟ-ਜੋਖਮ ਵਾਲੇ ਨਿਵੇਸ਼ਾਂ ਵਿੱਚੋਂ ਕੁਝ ਹਨ। ਜਿਵੇਂ ਕਿ ਕਰਜ਼ਾ ਫੰਡ ਸਰਕਾਰ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰਦੇ ਹਨਬਾਂਡ, ਪੈਸਾਬਜ਼ਾਰ ਪ੍ਰਤੀਭੂਤੀਆਂ, ਆਦਿ, ਉਹਨਾਂ ਦੇ ਮੁਕਾਬਲੇ ਘੱਟ ਜੋਖਮ ਹੁੰਦਾ ਹੈਇਕੁਇਟੀ. ਨਾਲ ਹੀ, ਕਿਉਂਕਿ ਇਹਨਾਂ ਫੰਡਾਂ ਵਿੱਚ ਘੱਟ ਜੋਖਮ ਹੁੰਦਾ ਹੈ, ਇਹਨਾਂ ਫੰਡਾਂ ਦੀ ਮਿਆਦ ਪੂਰੀ ਹੋਣ ਦੀ ਮਿਆਦ ਛੋਟੀ ਹੁੰਦੀ ਹੈ, ਕੁਝ ਦਿਨਾਂ ਤੋਂ ਇੱਕ ਸਾਲ ਤੱਕ ਵੱਖ-ਵੱਖ ਹੁੰਦੀ ਹੈ। ਪਰ, ਇਹ ਫੰਡ ਇਸ ਛੋਟੀ ਮਿਆਦ ਦੇ ਰਿਟਰਨ ਲਈ ਜਾਣੇ ਜਾਂਦੇ ਹਨ। ਜੋਖਮ-ਵਿਰੋਧੀ ਨਿਵੇਸ਼ਕ ਥੋੜ੍ਹੇ ਸਮੇਂ ਲਈ ਇਹਨਾਂ ਫੰਡਾਂ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰ ਸਕਦੇ ਹਨ ਅਤੇ ਅਨੁਕੂਲ ਰਿਟਰਨ ਕਮਾ ਸਕਦੇ ਹਨ।

ਘੱਟ ਜੋਖਮ ਵਾਲੇ ਨਿਵੇਸ਼ਕਾਂ ਲਈ ਵਧੀਆ ਘੱਟ ਜੋਖਮ ਮਿਉਚੁਅਲ ਫੰਡ

ਰਾਤੋ ਰਾਤ ਫੰਡ

ਇਹ ਇੱਕ ਕਰਜ਼ਾ ਸਕੀਮ ਹੈ ਜੋ ਇੱਕ ਦਿਨ ਵਿੱਚ ਪਰਿਪੱਕ ਹੋਣ ਵਾਲੇ ਬਾਂਡਾਂ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰੇਗੀ। ਦੂਜੇ ਸ਼ਬਦਾਂ ਵਿੱਚ, ਨਿਵੇਸ਼ ਇੱਕ ਦਿਨ ਦੀ ਪਰਿਪੱਕਤਾ ਦੇ ਨਾਲ ਰਾਤੋ ਰਾਤ ਪ੍ਰਤੀਭੂਤੀਆਂ ਵਿੱਚ ਕੀਤਾ ਜਾਂਦਾ ਹੈ। ਇਹ ਉਹਨਾਂ ਨਿਵੇਸ਼ਕਾਂ ਲਈ ਇੱਕ ਸੁਰੱਖਿਅਤ ਵਿਕਲਪ ਹੈ ਜੋ ਜੋਖਮਾਂ ਅਤੇ ਰਿਟਰਨਾਂ ਦੀ ਚਿੰਤਾ ਕੀਤੇ ਬਿਨਾਂ ਪੈਸਾ ਪਾਰਕ ਕਰਨਾ ਚਾਹੁੰਦੇ ਹਨ। ਦੇ ਜ਼ਰੀਏ ਕ੍ਰੈਡਿਟ ਜੋਖਮ-ਮੁਕਤ ਰਿਟਰਨ ਪੈਦਾ ਕਰਨ ਲਈ ਕੁਝ ਰਾਤੋ-ਰਾਤ ਸਕੀਮਆਮਦਨ ਜਾਂ ਵਿਕਾਸ, ਕੇਂਦਰ ਸਰਕਾਰ ਦੀਆਂ ਪ੍ਰਤੀਭੂਤੀਆਂ, ਖਜ਼ਾਨਾ ਬਿੱਲਾਂ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰਦਾ ਹੈ,ਕਾਲ ਕਰੋ ਪੈਸਾ ਅਤੇ ਰਿਪੋਜ਼. ਇਹ ਉਹਨਾਂ ਨਿਵੇਸ਼ਕਾਂ ਲਈ ਇੱਕ ਵਧੀਆ ਵਿਕਲਪ ਹੈ ਜੋ ਇੱਕ ਰਾਤ ਲਈ ਆਪਣੀ ਵਾਧੂ ਰਕਮ ਦਾ ਨਿਵੇਸ਼ ਕਰਨਾ ਚਾਹੁੰਦੇ ਹਨ। ਹਾਲਾਂਕਿ, ਜੋ ਰਾਤੋ-ਰਾਤ ਆਪਣਾ ਫੰਡ ਰੀਡੀਮ ਨਹੀਂ ਕਰਨਾ ਚਾਹੁੰਦਾ, ਉਹ ਇਸ ਨੂੰ ਸਕੀਮ ਵਿੱਚ ਰਹਿਣ ਦੇ ਸਕਦਾ ਹੈ।

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	₹3,646.53 ↑ 0.72	₹4,437	1.2	2.6	5.4	6.3	5.8	4.95%	2D	2D
SBI Overnight Fund Growth	₹4,320.94 ↑ 0.76	₹31,308	1.2	2.6	5.4	6.2	5.7	4.97%	4D
HDFC Overnight Fund Growth	₹3,952.56 ↑ 0.79	₹10,920	1.2	2.6	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 1 Apr 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: 5.35% (bottom quartile).
Point 6	1M return: 0.44% (lower mid).	1M return: 0.43% (bottom quartile).	1M return: 0.44% (upper mid).
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: 0.44% (lower 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: 0.43% (bottom quartile).
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: 5.35% (bottom quartile).
1M return: 0.44% (upper mid).
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).

ਤਰਲ ਫੰਡ

ਤਰਲ ਫੰਡ ਉਹਨਾਂ ਪ੍ਰਤੀਭੂਤੀਆਂ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰੋ ਜਿਹਨਾਂ ਦੀ ਮਿਆਦ ਪੂਰੀ ਹੋਣ ਦੀ ਮਿਆਦ ਘੱਟ ਹੈ, ਆਮ ਤੌਰ 'ਤੇ 91 ਦਿਨਾਂ ਤੋਂ ਘੱਟ। ਇਹ ਫੰਡ ਮੁੱਖ ਤੌਰ 'ਤੇ ਖਜ਼ਾਨਾ ਬਿੱਲਾਂ, ਵਪਾਰਕ ਕਾਗਜ਼ਾਤ, ਮਿਆਦੀ ਜਮ੍ਹਾਂ, ਆਦਿ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰਦੇ ਹਨ। ਤਰਲ ਫੰਡ ਆਸਾਨ ਪ੍ਰਦਾਨ ਕਰਦੇ ਹਨਤਰਲਤਾ ਅਤੇ ਹੋਰ ਕਿਸਮ ਦੇ ਕਰਜ਼ੇ ਦੇ ਯੰਤਰਾਂ ਨਾਲੋਂ ਘੱਟ ਅਸਥਿਰ ਹੁੰਦੇ ਹਨ। ਨਾਲ ਹੀ, ਤਰਲ ਪਦਾਰਥ ਰਵਾਇਤੀ ਨਾਲੋਂ ਵਧੀਆ ਵਿਕਲਪ ਹਨਬੈਂਕ ਬਚਤ ਖਾਤਾ. ਬੈਂਕ ਖਾਤੇ ਦੇ ਮੁਕਾਬਲੇ, ਤਰਲ ਫੰਡ ਸਾਲਾਨਾ ਵਿਆਜ ਦਾ 7-8% ਪ੍ਰਦਾਨ ਕਰਦੇ ਹਨ। ਆਮ ਤੌਰ 'ਤੇ, ਕਿਸੇ ਵੀ ਵਿਅਕਤੀ ਨੇ ਆਪਣੇ ਬਚਤ ਖਾਤੇ ਵਿੱਚ ਵਿਹਲੇ ਨਕਦੀ ਬਾਰੇ ਸੋਚਿਆ ਹੋਣਾ ਚਾਹੀਦਾ ਹੈਨਿਵੇਸ਼ ਇਸ ਨੂੰ ਇਸ ਨੂੰ ਬਾਹਰ ਹੋਰ ਪੈਸੇ ਬਣਾਉਣ ਲਈ ਕਿਤੇ. ਨਿਵੇਸ਼ਕ ਜੋ ਜੋਖਮ-ਮੁਕਤ ਨਿਵੇਸ਼ ਚਾਹੁੰਦੇ ਹਨ ਆਦਰਸ਼ਕ ਤੌਰ 'ਤੇ ਇਹਨਾਂ ਫੰਡਾਂ ਵਿੱਚ ਨਿਵੇਸ਼ ਨੂੰ ਤਰਜੀਹ ਦੇ ਸਕਦੇ ਹਨ।

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	₹3,142.16 ↑ 0.64	₹1,915	0.5	1.5	3	6.2	6.6	6.34%	1M 17D	1M 17D
DSP Liquidity Fund Growth	₹3,894.17 ↑ 0.76	₹21,058	0.5	1.5	3	6.2	6.5	6.44%	1M 13D	1M 17D
Axis Liquid Fund Growth	₹3,037.01 ↑ 0.60	₹43,636	0.5	1.5	3	6.2	6.6	6.36%	1M 11D	1M 14D
UTI Liquid Cash Plan Growth	₹4,474.25 ↑ 0.88	₹27,263	0.5	1.5	2.9	6.2	6.5	6.03%	1M 2D	1M 2D
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	DSP Liquidity Fund	Axis Liquid Fund	UTI Liquid Cash Plan
Point 1	Bottom quartile AUM (₹503 Cr).	Bottom quartile AUM (₹1,915 Cr).	Lower mid AUM (₹21,058 Cr).	Highest AUM (₹43,636 Cr).	Upper mid AUM (₹27,263 Cr).
Point 2	Established history (15+ yrs).	Established history (17+ yrs).	Established history (20+ yrs).	Established history (16+ yrs).	Oldest track record among peers (22 yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Rating: 3★ (bottom quartile).	Top rated.	Rating: 3★ (bottom quartile).
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: 6.23% (upper mid).	1Y return: 6.17% (bottom quartile).	1Y return: 6.17% (lower mid).	1Y return: 6.16% (bottom quartile).
Point 6	1M return: 0.53% (top quartile).	1M return: 0.52% (upper mid).	1M return: 0.52% (lower mid).	1M return: 0.51% (bottom quartile).	1M return: 0.51% (bottom quartile).
Point 7	Sharpe: 0.20 (bottom quartile).	Sharpe: 3.36 (top quartile).	Sharpe: 2.91 (lower mid).	Sharpe: 2.99 (upper mid).	Sharpe: 2.88 (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): 6.44% (upper mid).	Yield to maturity (debt): 6.36% (lower mid).	Yield to maturity (debt): 6.03% (bottom quartile).
Point 10	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.13 yrs (bottom quartile).	Modified duration: 0.12 yrs (bottom quartile).	Modified duration: 0.12 yrs (lower mid).	Modified duration: 0.09 yrs (top 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 (upper mid).

BOI AXA Liquid Fund

Bottom quartile AUM (₹1,915 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.23% (upper mid).
1M return: 0.52% (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).

DSP Liquidity Fund

Lower mid AUM (₹21,058 Cr).
Established history (20+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.17% (bottom quartile).
1M return: 0.52% (lower mid).
Sharpe: 2.91 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.44% (upper mid).
Modified duration: 0.12 yrs (bottom quartile).

Axis Liquid Fund

Highest AUM (₹43,636 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.17% (lower mid).
1M return: 0.51% (bottom quartile).
Sharpe: 2.99 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.36% (lower mid).
Modified duration: 0.12 yrs (lower mid).

UTI Liquid Cash Plan

Upper mid AUM (₹27,263 Cr).
Oldest track record among peers (22 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.16% (bottom quartile).
1M return: 0.51% (bottom quartile).
Sharpe: 2.88 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.03% (bottom quartile).
Modified duration: 0.09 yrs (top quartile).

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ਅਲਟਰਾ ਸ਼ਾਰਟ ਟਰਮ ਫੰਡ

ਅਲਟਰਾ ਛੋਟੀ ਮਿਆਦ ਦੇ ਫੰਡ ਨਿਵੇਸ਼ ਕਰਦੇ ਹਨਪੱਕੀ ਤਨਖਾਹ ਯੰਤਰ ਜਿਨ੍ਹਾਂ ਦੀ ਮੈਕਾਲੇ ਮਿਆਦ ਤਿੰਨ ਤੋਂ ਛੇ ਮਹੀਨਿਆਂ ਦੇ ਵਿਚਕਾਰ ਹੁੰਦੀ ਹੈ। ਅਲਟਰਾ ਥੋੜ੍ਹੇ ਸਮੇਂ ਦੇ ਫੰਡ ਨਿਵੇਸ਼ਕਾਂ ਨੂੰ ਵਿਆਜ ਦਰ ਦੇ ਜੋਖਮਾਂ ਤੋਂ ਬਚਣ ਵਿੱਚ ਮਦਦ ਕਰਦੇ ਹਨ ਅਤੇ ਤਰਲ ਕਰਜ਼ੇ ਫੰਡਾਂ ਦੇ ਮੁਕਾਬਲੇ ਬਿਹਤਰ ਰਿਟਰਨ ਵੀ ਪੇਸ਼ ਕਰਦੇ ਹਨ। ਇਹ ਫੰਡ ਥੋੜ੍ਹੇ ਸਮੇਂ ਦੇ ਨਿਵੇਸ਼ ਹਨ ਜੋ ਨਿਵੇਸ਼ਕਾਂ ਲਈ ਬਹੁਤ ਢੁਕਵੇਂ ਹਨ ਜੋ ਚੰਗੇ ਰਿਟਰਨ ਕਮਾਉਣ ਲਈ ਨਿਵੇਸ਼ ਦੇ ਜੋਖਮ ਨੂੰ ਮਾਮੂਲੀ ਤੌਰ 'ਤੇ ਵਧਾਉਣ ਲਈ ਤਿਆਰ ਹਨ। ਆਮ ਤੌਰ 'ਤੇ, ਲੰਬੇ ਪਰਿਪੱਕਤਾ ਵਾਲੇ ਯੰਤਰਾਂ ਲਈ ਕਰਜ਼ੇ ਦੇ ਸਾਧਨ 'ਤੇ ਉਪਜ ਵੱਧ ਹੁੰਦੀ ਹੈ। ਇਸ ਤਰ੍ਹਾਂ, ਅਲਟਰਾ ਸ਼ਾਰਟ ਮਿਉਚੁਅਲ ਫੰਡਾਂ ਵਿੱਚ ਪ੍ਰਤੀਭੂਤੀਆਂ ਆਮ ਤੌਰ 'ਤੇ ਤਰਲ ਫੰਡਾਂ (ਭਾਵੇਂ ਮੁਕਾਬਲਤਨ ਉੱਚ ਜੋਖਮ 'ਤੇ ਹੋਣ ਦੇ ਬਾਵਜੂਦ) ਦੀ ਤੁਲਨਾ ਵਿੱਚ ਉੱਚ ਉਪਜ ਕਮਾਉਂਦੀਆਂ ਹਨ। ਨਤੀਜੇ ਵਜੋਂ, ਅਤਿਛੋਟੀ ਮਿਆਦ ਦੇ ਫੰਡ ਤੁਲਨਾਤਮਕ ਸਮੇਂ ਵਿੱਚ ਤਰਲ ਫੰਡਾਂ ਨਾਲੋਂ ਮਾਮੂਲੀ ਤੌਰ 'ਤੇ ਬਿਹਤਰ ਰਿਟਰਨ ਦੇ ਸਕਦਾ ਹੈ।

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	₹573.63 ↑ 0.12	₹21,467	1.3	2.9	6.8	7.3	7.4	7.14%	5M 23D	6M 18D
SBI Magnum Ultra Short Duration Fund Growth	₹6,242.09 ↑ 1.29	₹13,685	1.3	2.8	6.4	7	7	6.47%	4M 13D	6M
ICICI Prudential Ultra Short Term Fund Growth	₹28.9546 ↑ 0.01	₹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: 6.76% (upper mid).	1Y return: 6.42% (bottom quartile).	1Y return: 6.55% (lower mid).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.52% (upper mid).	1M return: 0.44% (bottom quartile).	1M return: 0.46% (bottom quartile).	1M return: 0.48% (lower mid).
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: 6.76% (upper mid).
1M return: 0.44% (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: 6.42% (bottom quartile).
1M return: 0.46% (bottom quartile).
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: 6.55% (lower mid).
1M return: 0.48% (lower mid).
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).

ਮਨੀ ਮਾਰਕੀਟ ਫੰਡ

ਮਨੀ ਮਾਰਕੀਟ ਫੰਡ ਬਹੁਤ ਸਾਰੇ ਬਾਜ਼ਾਰਾਂ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰਦਾ ਹੈ ਜਿਵੇਂ ਕਿ ਵਪਾਰਕ/ਖਜ਼ਾਨਾ ਬਿੱਲ, ਵਪਾਰਕ ਕਾਗਜ਼ਾਤ,ਡਿਪਾਜ਼ਿਟ ਦਾ ਸਰਟੀਫਿਕੇਟ ਅਤੇ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ (ਆਰ.ਬੀ.ਆਈ.) ਦੁਆਰਾ ਨਿਰਧਾਰਿਤ ਹੋਰ ਯੰਤਰ। ਇਹ ਨਿਵੇਸ਼ ਜੋਖਿਮ ਤੋਂ ਬਚਣ ਵਾਲੇ ਨਿਵੇਸ਼ਕਾਂ ਲਈ ਇੱਕ ਵਧੀਆ ਵਿਕਲਪ ਹਨ ਜੋ ਥੋੜੇ ਸਮੇਂ ਵਿੱਚ ਚੰਗਾ ਰਿਟਰਨ ਕਮਾਉਣਾ ਚਾਹੁੰਦੇ ਹਨ। ਇਹ ਕਰਜ਼ਾ ਯੋਜਨਾ ਇੱਕ ਸਾਲ ਤੱਕ ਦੀ ਮਿਆਦ ਪੂਰੀ ਹੋਣ ਵਾਲੇ ਮਨੀ ਮਾਰਕੀਟ ਯੰਤਰਾਂ ਵਿੱਚ ਨਿਵੇਸ਼ ਕਰੇਗੀ। ਦੀ ਕਾਰਗੁਜ਼ਾਰੀਮਨੀ ਮਾਰਕੀਟ ਫੰਡ ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਦੁਆਰਾ ਨਿਰਧਾਰਤ ਵਿਆਜ ਦਰਾਂ ਨਾਲ ਨੇੜਿਓਂ ਜੁੜਿਆ ਹੋਇਆ ਹੈ,ਸੈਂਟਰਲ ਬੈਂਕ ਆਫ ਇੰਡੀਆ. ਇਸ ਲਈ, ਜਦੋਂ ਆਰਬੀਆਈ ਮਾਰਕੀਟ ਵਿੱਚ ਦਰਾਂ ਵਧਾਉਂਦਾ ਹੈ, ਪੈਦਾਵਾਰ ਵਧਦੀ ਹੈ, ਅਤੇ ਮਨੀ ਮਾਰਕੀਟ ਫੰਡ ਵਧੀਆ ਰਿਟਰਨ ਦੇਣ ਦੇ ਯੋਗ ਹੁੰਦੇ ਹਨ।

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	₹42.1455 ↑ 0.01	₹14,805	1.3	2.8	6.6	6.9	7.3	6.63%	7M 19D	7M 20D
Kotak Money Market Scheme Growth	₹4,695.82 ↑ 0.84	₹33,661	1.3	2.8	6.6	7.3	7.4	6.84%	7M 24D	7M 24D
UTI Money Market Fund Growth	₹3,225.3 ↑ 0.60	₹20,320	1.2	2.8	6.6	7.3	7.5	6.03%	7M	7M
ICICI Prudential Money Market Fund Growth	₹396.813 ↑ 0.07	₹32,236	1.2	2.8	6.6	7.3	7.4	6.77%	7M 21D	8M 9D
Tata Money Market Fund Growth	₹4,937.35 ↑ 0.96	₹33,999	1.3	2.8	6.6	7.3	7.4	6.64%	6D	6D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 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	Tata Money Market Fund
Point 1	Bottom quartile AUM (₹14,805 Cr).	Upper mid AUM (₹33,661 Cr).	Bottom quartile AUM (₹20,320 Cr).	Lower mid AUM (₹32,236 Cr).	Highest AUM (₹33,999 Cr).
Point 2	Oldest track record among peers (23 yrs).	Established history (22+ yrs).	Established history (16+ yrs).	Established history (20+ yrs).	Established history (22+ 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: Low.
Point 5	1Y return: 6.56% (bottom quartile).	1Y return: 6.58% (bottom quartile).	1Y return: 6.63% (top quartile).	1Y return: 6.60% (upper mid).	1Y return: 6.58% (lower mid).
Point 6	1M return: 0.36% (top quartile).	1M return: 0.36% (upper mid).	1M return: 0.34% (bottom quartile).	1M return: 0.32% (bottom quartile).	1M return: 0.35% (lower mid).
Point 7	Sharpe: 2.54 (top quartile).	Sharpe: 2.32 (bottom quartile).	Sharpe: 2.45 (lower mid).	Sharpe: 2.51 (upper mid).	Sharpe: 2.38 (bottom quartile).
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% (bottom quartile).	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): 6.64% (lower mid).
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: 0.02 yrs (top quartile).

Bandhan Money Manager Fund

Bottom quartile AUM (₹14,805 Cr).
Oldest track record among peers (23 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.56% (bottom quartile).
1M return: 0.36% (top quartile).
Sharpe: 2.54 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.63% (bottom quartile).
Modified duration: 0.64 yrs (lower mid).

Kotak Money Market Scheme

Upper mid AUM (₹33,661 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.58% (bottom quartile).
1M return: 0.36% (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

Bottom quartile AUM (₹20,320 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.63% (top quartile).
1M return: 0.34% (bottom quartile).
Sharpe: 2.45 (lower mid).
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

Lower mid AUM (₹32,236 Cr).
Established history (20+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 6.60% (upper mid).
1M return: 0.32% (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).

Tata Money Market Fund

Highest AUM (₹33,999 Cr).
Established history (22+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.58% (lower mid).
1M return: 0.35% (lower mid).
Sharpe: 2.38 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.64% (lower mid).
Modified duration: 0.02 yrs (top quartile).

*ਉੱਪਰ ਵਧੀਆ ਦੀ ਸੂਚੀ ਹੈਘੱਟ ਜੋਖਮ ਫੰਡਾਂ ਕੋਲ ਉਪਰੋਕਤ AUM/ਨੈੱਟ ਸੰਪਤੀਆਂ ਹਨ100 ਕਰੋੜ. 'ਤੇ ਛਾਂਟੀ ਕੀਤੀਪਿਛਲੇ 6 ਮਹੀਨਿਆਂ ਦੀ ਵਾਪਸੀ.

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).
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 (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
31 Mar 21	₹10,000
31 Mar 22	₹11,526

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).
Top rated.
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
31 Mar 21	₹10,000
31 Mar 22	₹10,348
31 Mar 23	₹10,935

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
31 Mar 21	₹10,000
31 Mar 22	₹10,401
31 Mar 23	₹10,950

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★ (upper mid).
Risk profile: Low.
1Y return: 6.23% (bottom quartile).
1M return: 0.52% (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 (upper 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 (01 Apr 26)	₹3,142.16 ↑ 0.64 (0.02 %)
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
31 Mar 21	₹10,000
31 Mar 22	₹10,339
31 Mar 23	₹10,930
31 Mar 24	₹11,725
31 Mar 25	₹12,591
31 Mar 26	₹13,374

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	0.5%
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. DSP Liquidity Fund

The Scheme seeks to generate reasonable returns commensurate with low risk from a portfolio constituted of money market and high quality debts

Research Highlights for DSP Liquidity Fund

Highest AUM (₹21,058 Cr).
Oldest track record among peers (20 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.17% (bottom quartile).
1M return: 0.52% (bottom quartile).
Sharpe: 2.91 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.44% (lower mid).
Modified duration: 0.12 yrs (lower mid).
Average maturity: 0.13 yrs (lower mid).
Exit load: NIL.
Top sector: Communication Services.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Treps / Reverse Repo Investments (~9.8%).

Below is the key information for DSP Liquidity Fund

DSP Liquidity Fund Growth
Launch Date	23 Nov 05
NAV (01 Apr 26)	₹3,894.17 ↑ 0.76 (0.02 %)
Net Assets (Cr)	₹21,058 on 28 Feb 26
Category	Debt - Liquid Fund
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆
Risk	Low
Expense Ratio	0.21
Sharpe Ratio	2.91
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.44%
Effective Maturity	1 Month 17 Days
Modified Duration	1 Month 13 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,337
31 Mar 23	₹10,918
31 Mar 24	₹11,702
31 Mar 25	₹12,561
31 Mar 26	₹13,335

DSP Liquidity 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 DSP Liquidity 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	1.5%
6 Month	3%
1 Year	6.2%
3 Year	6.9%
5 Year	5.9%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.5%
2023	7.4%
2022	7%
2021	4.8%
2020	3.3%
2019	4.2%
2018	6.5%
2017	7.4%
2016	6.6%
2015	7.6%

Fund Manager information for DSP Liquidity Fund

Name	Since	Tenure
Karan Mundhra	31 May 21	4.75 Yr.
Shalini Vasanta	1 Aug 24	1.58 Yr.
Kunal Khudania	1 Jan 26	0.16 Yr.

Data below for DSP Liquidity Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	99.77%
Other	0.23%

Debt Sector Allocation

Sector	Value
Cash Equivalent	68.49%
Corporate	26.76%
Government	4.53%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Treps / Reverse Repo Investments CBLO/Reverse Repo \| -	10%	-₹2,061 Cr
5.63% Gs 2026 Sovereign Bonds \| -	8%	₹1,624 Cr	158,900,000 ↑ 38,400,000
HDFC Bank Ltd. Debentures \| -	4%	₹797 Cr	16,000
Tbill Sovereign Bonds \| -	4%	₹773 Cr	77,500,000
Small Industries Development Bank Of India Commercial Paper \| -	2%	₹499 Cr	10,000
Punjab National Bank (18/03/2026) Certificate of Deposit \| -	2%	₹499 Cr	10,000
National Bank for Agriculture and Rural Development Commercial Paper \| -	2%	₹493 Cr	10,000
India (Republic of) - \| -	2%	₹466 Cr	47,150,000 ↑ 47,150,000
Bank Of Baroda Certificate of Deposit \| -	2%	₹425 Cr	8,500
ICICI Securities Ltd Commercial Paper \| -	2%	₹399 Cr	8,000

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