fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Recurring Deposit

What is a Recurring Deposit (RD)?

Updated on February 28, 2024 , 56433 views

If you know how a Systematic Investment plan (SIP) of Mutual Funds works, then you will easily understand Recurring Deposits! In a Recurring Deposit (RD) a fixed instalment is made every month and interest is paid by the Bank on this amount. Let us understand more about RD account, RD Interest Rates, RD Calculator, RD interest calculator, etc.

Recurring Deposit (RD)

A recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. Every month, a fixed amount of money is deducted either from a Savings Account or a current account. At the end of the maturity period, investors are paid back their invested funds with accrued interest.

Recurring-Deposit

At a public sector bank, an RD account can be opened with a minimum amount of as less as INR 100. While, at private sector banks the minimum amount to be deposited is INR 500 to INR 1000, whereas in a Post Office one can open an account at just INR 10. Some banks have an upper limit of INR 15 lakh, while others don’t have any such upper limit. The tenure for Recurring Deposit is a minimum of three months and maximum of 10 years.

Features of RD Account

  • It inculcates a habit of savings amongst people
  • The rate of interest in a Recurring Deposit is high
  • RD schemes provide a stable and safe investment option irrespective of Market fluctuations
  • Investors can close their RD account before the maturity period. But, during the premature withdrawals, investors may have to pay some amount in the form of penalty, depending on the bank.
  • Investors can opt for loans up to 60-90% of the balance, against the Recurring Deposit
  • The bank may discontinue an account on six missed instalments. But, if the outstanding amount is paid within a month from the last Default, it can be revived.
  • Recurring Deposits come with a nomination Facility
  • There is no TDS (Tax Deducted at source) in Recurring Deposits. The interest portion is taxable and will be added to an investor’s Income and taxed as per the relevant slab.

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

RD Interest Rates

Almost all the major banks in India offer a Recurring Deposit account. The interest rate at every bank may vary, but it typically ranges between 2.75% to 7.50% p.a, and at the post office it is 7.4% (depending on prevailing market condition). Senior citizens get 0.5% extra. The interest rate, once determined does not change during the tenure. Investors who want to pay more than one instalment at a time, can do so.

RD Calculator

A Recurring Deposit calculator is a good way of calculating maturity amount on RD. You can follow this method to estimate your RD amount on maturity.

RD Calculator INR
Monthly Deposit Amount 200
RD in month 60
Rate of Interest 8%
Interest compounding Frequency Monthly
RD Maturity Amount INR 1,47,933

RD Interest Calculator

With the help of RD interest calculator, customers can determine their potential Earnings. You need to decide the amount you want to invest monthly and the tenure of investment (example illustrated below).

RD Interest Calculator Calculation
Amount INR 1000
Interest Rate 8% per annum
Period 12 months

Summary-

  • Total Amount Paid- INR 12,000
  • Total Maturity Amount- INR 12,530
  • Total Interest Receivable- INR 530

Conclusion

Recurring Deposit helps individuals' to get into a habit of saving regularly. If you haven’t made any investment so far, start with a Recurring Deposit. Also, it is a good avenue for creating an emergency fund or contingency fund. It is an ideal way to save a small amount of money every month for your short term and long term Financial goals.

Open a Recurring Deposit account today and save for tomorrow!

Similar Alternatives

In mutual funds one can earn more than RD's with similar safety on principal by Investing in Liquid or Ultra short bond funds as they invest in securities maturing from 30 days to year or so.

Liquid / Ultra Short Debt Mutual funds

1. Nippon India Ultra Short Duration Fund

(Erstwhile Reliance Liquid Fund - Cash Plan)

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

Nippon India Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 7 Dec 01. It is a fund with Low risk and has given a CAGR/Annualized return of 6% since its launch.  Ranked 62 in Ultrashort Bond category.  Return for 2023 was 6.7% , 2022 was 4.6% and 2021 was 7.8% .

Below is the key information for Nippon India Ultra Short Duration Fund

Nippon India Ultra Short Duration Fund
Growth
Launch Date 7 Dec 01
NAV (01 Mar 24) ₹3,665.77 ↑ 0.74   (0.02 %)
Net Assets (Cr) ₹5,319 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.17
Sharpe Ratio -1.19
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 8.01%
Effective Maturity 5 Months 20 Days
Modified Duration 5 Months 5 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,090
28 Feb 21₹10,499
28 Feb 22₹11,331
28 Feb 23₹11,885
29 Feb 24₹12,707

Nippon India Ultra Short Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235
Invest Now

Returns for Nippon India Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.3%
1 Year 6.9%
3 Year 6.6%
5 Year 4.9%
10 Year
15 Year
Since launch 6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.7%
2022 4.6%
2021 7.8%
2020 4.9%
2019 0.9%
2018 7.3%
2017 5.8%
2016 6.8%
2015 7.6%
2014 8.4%
Fund Manager information for Nippon India Ultra Short Duration Fund
NameSinceTenure
Vivek Sharma1 Oct 1310.34 Yr.
Kinjal Desai25 May 185.69 Yr.
Akshay Sharma1 Dec 221.17 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash73.84%
Debt25.91%
Other0.24%
Debt Sector Allocation
SectorValue
Corporate48.26%
Cash Equivalent41.8%
Government9.69%
Credit Quality
RatingValue
AA11.76%
AAA88.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Indinfravit Trust
Debentures | -
4%₹216 Cr22,000
182 DTB 14032024
Sovereign Bonds | -
4%₹198 Cr20,000,000
National Housing Bank
Debentures | -
2%₹125 Cr12,500
08.39 RJ UDAY 2024
Domestic Bonds | -
2%₹100 Cr10,000,000
LIC Housing Finance Limited
Debentures | -
2%₹100 Cr1,000
182 DTB 16022024
Sovereign Bonds | -
2%₹99 Cr10,000,000
182 DTB 07032023
Sovereign Bonds | -
2%₹99 Cr10,000,000
L&T Metro Rail (Hyderabad) Limited
Debentures | -
2%₹98 Cr1,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹95 Cr9,500
Axis Bank Ltd.
Debentures | -
2%₹93 Cr2,000
↑ 2,000

2. Aditya Birla Sun Life Savings Fund

The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.

Aditya Birla Sun Life Savings Fund is a Debt - Ultrashort Bond fund was launched on 16 Apr 03. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.4% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2023 was 7.2% , 2022 was 4.8% and 2021 was 3.9% .

Below is the key information for Aditya Birla Sun Life Savings Fund

Aditya Birla Sun Life Savings Fund
Growth
Launch Date 16 Apr 03
NAV (01 Mar 24) ₹495.02 ↑ 0.05   (0.01 %)
Net Assets (Cr) ₹12,852 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.52
Sharpe Ratio 1.19
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.98%
Effective Maturity 6 Months 4 Days
Modified Duration 5 Months 19 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,817
28 Feb 21₹11,494
28 Feb 22₹11,981
28 Feb 23₹12,595
29 Feb 24₹13,524

Aditya Birla Sun Life Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Aditya Birla Sun Life Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.5%
1 Year 7.4%
3 Year 5.6%
5 Year 6.2%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.2%
2022 4.8%
2021 3.9%
2020 7%
2019 8.5%
2018 7.6%
2017 7.2%
2016 9.2%
2015 8.9%
2014 9.7%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure
Sunaina Cunha20 Jun 149.62 Yr.
Kaustubh Gupta15 Jul 1112.56 Yr.
Monika Gandhi22 Mar 212.87 Yr.
Dhaval Joshi21 Nov 221.2 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash53.87%
Debt45.83%
Other0.3%
Debt Sector Allocation
SectorValue
Corporate53.52%
Cash Equivalent31.61%
Government14.46%
Securitized0.11%
Credit Quality
RatingValue
AA28.63%
AAA71.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Limited
Debentures | -
5%₹597 Cr6,000
Tata Realty And Infrastructure Limited
Debentures | -
3%₹359 Cr36,000
Hindalco Industries Limited
Debentures | -
3%₹350 Cr35,000
Bharti Telecom Limited
Debentures | -
3%₹326 Cr3,250
Bharti Hexacom Limited
Debentures | -
2%₹315 Cr3,150
Pipeline Infrastructure Limited
Debentures | -
2%₹311 Cr3,100
7.32% Govt Stock 2024
Sovereign Bonds | -
2%₹295 Cr29,500,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹248 Cr2,500
HDFC Bank Limited
Debentures | -
2%₹244 Cr2,450
National Bank For Agriculture And Rural Development
Debentures | -
2%₹227 Cr2,285
↑ 250

3. ICICI Prudential Ultra Short Term Fund

(Erstwhile ICICI Prudential Regular Income Fund)

The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme.

ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.4% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2023 was 6.9% , 2022 was 4.5% and 2021 was 4% .

Below is the key information for ICICI Prudential Ultra Short Term Fund

ICICI Prudential Ultra Short Term Fund
Growth
Launch Date 3 May 11
NAV (01 Mar 24) ₹25.138 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹13,854 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.86
Sharpe Ratio 0
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Months (0.5%),1 Months and above(NIL)
Yield to Maturity 7.91%
Effective Maturity 4 Months 20 Days
Modified Duration 4 Months 6 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,840
28 Feb 21₹11,472
28 Feb 22₹11,936
28 Feb 23₹12,525
29 Feb 24₹13,425

ICICI Prudential Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for ICICI Prudential 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 1 Mar 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.4%
1 Year 7.2%
3 Year 5.4%
5 Year 6.1%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.9%
2022 4.5%
2021 4%
2020 6.5%
2019 8.4%
2018 7.5%
2017 6.9%
2016 9.8%
2015 9.1%
2014 14.8%
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure
Manish Banthia15 Nov 167.22 Yr.
Ritesh Lunawat15 Jun 176.64 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash75.02%
Debt24.74%
Other0.24%
Debt Sector Allocation
SectorValue
Cash Equivalent42.92%
Corporate42.85%
Government14%
Credit Quality
RatingValue
AA17%
AAA83%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
3%₹395 Cr40,000,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹340 Cr3,400
↑ 1,650
LIC Housing Finance Limited
Debentures | -
2%₹295 Cr2,950
National Bank For Agriculture And Rural Development
Debentures | -
2%₹275 Cr2,750
08.35 SBI RT SB 2024
Domestic Bonds | -
2%₹251 Cr25,000,000
Bharti Telecom Limited
Debentures | -
1%₹201 Cr20,000
Mahindra Rural Housing Finance Limited
Debentures | -
1%₹200 Cr2,000
The Tata Power Company Limited
Debentures | -
1%₹200 Cr2,000
Bajaj Housing Finance Limited
Debentures | -
1%₹200 Cr2,000
Apollo Building Products Private Limited
Debentures | -
1%₹199 Cr20,000

4. DSP BlackRock Money Manager Fund

"The primary investment objective of the Scheme is to seek to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities. However, there can be no assurance that the investment objective of the Scheme will be realized."

DSP BlackRock Money Manager Fund is a Debt - Ultrashort Bond fund was launched on 31 Jul 06. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.7% since its launch.  Ranked 75 in Ultrashort Bond category.  Return for 2023 was 6.7% , 2022 was 4.1% and 2021 was 2.9% .

Below is the key information for DSP BlackRock Money Manager Fund

DSP BlackRock Money Manager Fund
Growth
Launch Date 31 Jul 06
NAV (01 Mar 24) ₹3,104.72 ↑ 0.58   (0.02 %)
Net Assets (Cr) ₹2,629 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.02
Sharpe Ratio -1.18
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.91%
Effective Maturity 5 Months 12 Days
Modified Duration 4 Months 28 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,692
28 Feb 21₹11,144
28 Feb 22₹11,484
28 Feb 23₹11,999
29 Feb 24₹12,826

DSP BlackRock Money Manager Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 BlackRock Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 0.6%
3 Month 1.6%
6 Month 3.4%
1 Year 6.9%
3 Year 4.8%
5 Year 5.1%
10 Year
15 Year
Since launch 6.7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.7%
2022 4.1%
2021 2.9%
2020 4.7%
2019 7.3%
2018 5%
2017 6%
2016 7.5%
2015 7.9%
2014 8.8%
Fund Manager information for DSP BlackRock Money Manager Fund
NameSinceTenure
Kedar Karnik17 Jul 167.55 Yr.
Karan Mundhra31 May 212.67 Yr.

Data below for DSP BlackRock Money Manager Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash65.25%
Debt34.51%
Other0.23%
Debt Sector Allocation
SectorValue
Corporate51.43%
Cash Equivalent32.38%
Government15.95%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
6%₹180 Cr1,750
Bank of Baroda
Debentures | -
3%₹97 Cr2,000
↑ 2,000
India (Republic of)
- | -
3%₹82 Cr8,500,000
↑ 8,500,000
Grasim Industries Limited
Debentures | -
3%₹79 Cr750
7.35% Govt Stock 2024
Sovereign Bonds | -
3%₹78 Cr7,800,000
LIC Housing Finance Limited
Debentures | -
3%₹77 Cr750
364 DTB 26012024
Sovereign Bonds | -
3%₹75 Cr7,500,000
LIC Housing Finance Limited
Debentures | -
3%₹72 Cr700
↑ 200
Rec Limited
Debentures | -
2%₹52 Cr500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹51 Cr500

5. UTI Ultra Short Term Fund

(Erstwhile UTI - Floating Rate Fund - Short Term Plan)

To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.8% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2023 was 6.7% , 2022 was 4.2% and 2021 was 6.1% .

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund
Growth
Launch Date 29 Aug 03
NAV (01 Mar 24) ₹3,860.7 ↑ 0.75   (0.02 %)
Net Assets (Cr) ₹1,815 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.95
Sharpe Ratio -0.9
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.89%
Effective Maturity 4 Months 19 Days
Modified Duration 4 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,279
28 Feb 21₹10,807
28 Feb 22₹11,471
28 Feb 23₹12,004
29 Feb 24₹12,840

UTI Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for UTI 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 1 Mar 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.3%
1 Year 7%
3 Year 5.9%
5 Year 5.1%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.7%
2022 4.2%
2021 6.1%
2020 5.3%
2019 3.3%
2018 7%
2017 6.6%
2016 8.9%
2015 8.5%
2014 8.8%
Fund Manager information for UTI Ultra Short Term Fund
NameSinceTenure
Ritesh Nambiar1 Jul 158.59 Yr.

Data below for UTI Ultra Short Term Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash71.62%
Debt28.11%
Other0.28%
Debt Sector Allocation
SectorValue
Cash Equivalent50.49%
Corporate45.2%
Government4.03%
Credit Quality
RatingValue
AA17.94%
AAA82.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
364 DTB 22032024
Sovereign Bonds | -
5%₹99 Cr1,000,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹50 Cr500
Torrent Power Limited
Debentures | -
3%₹50 Cr500
G R Infraprojects Limited
Debentures | -
3%₹50 Cr500
LIC Housing Finance Limited
Debentures | -
3%₹50 Cr500
182 DTB 29032024
Sovereign Bonds | -
3%₹49 Cr500,000,000
Small Industries Development Bank of India
Debentures | -
3%₹47 Cr500,000,000
Jamnagar Utilities & Power Private Limited
Debentures | -
2%₹40 Cr400
India Grid TRust
Debentures | -
1%₹25 Cr250
Motilal Oswal Finvest Limited
Debentures | -
1%₹25 Cr2,500

6. Kotak Savings Fund

(Erstwhile Kotak Treasury Advantage Fund)

The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Kotak Savings Fund is a Debt - Ultrashort Bond fund was launched on 13 Aug 04. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.2% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2023 was 6.8% , 2022 was 4.5% and 2021 was 3.2% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (01 Mar 24) ₹39.0077 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹12,414 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.47
Sharpe Ratio -0.51
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.83%
Effective Maturity 7 Months 6 Days
Modified Duration 5 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,749
28 Feb 21₹11,311
28 Feb 22₹11,698
28 Feb 23₹12,266
29 Feb 24₹13,126

Kotak Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Kotak Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.3%
1 Year 7%
3 Year 5.1%
5 Year 5.6%
10 Year
15 Year
Since launch 7.2%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.8%
2022 4.5%
2021 3.2%
2020 5.8%
2019 7.8%
2018 7.4%
2017 6.7%
2016 8.2%
2015 8.6%
2014 9.4%
Fund Manager information for Kotak Savings Fund
NameSinceTenure
Deepak Agrawal15 Apr 0815.81 Yr.
Manu Sharma1 Nov 221.25 Yr.
Palha Khanna3 Jul 230.58 Yr.

Data below for Kotak Savings Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash64.06%
Debt35.71%
Other0.24%
Debt Sector Allocation
SectorValue
Corporate58.65%
Government21.34%
Cash Equivalent19.78%
Credit Quality
RatingValue
AA8.26%
AAA91.74%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
4%₹462 Cr4,650
↑ 2,650
Mahindra & Mahindra Financial Services Ltd
Debentures | -
3%₹349 Cr3,500
182 DTB 14032024
Sovereign Bonds | -
3%₹346 Cr35,000,000
India (Republic of)
- | -
3%₹346 Cr35,000,000
182 DTB 29022024
Sovereign Bonds | -
2%₹317 Cr31,981,000
08.35 SBI RT SB 2024
Domestic Bonds | -
2%₹301 Cr30,000,000
Bank of Baroda
Debentures | -
2%₹286 Cr29,500
↑ 29,500
India (Republic of)
- | -
2%₹243 Cr25,000,000
Small Industries Development Bank of India
Debentures | -
2%₹233 Cr25,000
Rural Electrification Corporation Limited
Debentures | -
2%₹209 Cr2,100

7. SBI Magnum Ultra Short Duration Fund

(Erstwhile SBI Magnum InstaCash Fund)

To provide the investors an opportunity to earn returns through investment in debt & money market securities, while having the benefit of a very high degree of liquidity.

SBI Magnum Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 21 May 99. It is a fund with Low risk and has given a CAGR/Annualized return of 7.1% since its launch.  Return for 2023 was 7% , 2022 was 4.5% and 2021 was 3.4% .

Below is the key information for SBI Magnum Ultra Short Duration Fund

SBI Magnum Ultra Short Duration Fund
Growth
Launch Date 21 May 99
NAV (01 Mar 24) ₹5,424.99 ↑ 1.26   (0.02 %)
Net Assets (Cr) ₹10,861 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC SBI Funds Management Private Limited
Rating
Risk Low
Expense Ratio 0.49
Sharpe Ratio 0.13
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.75%
Effective Maturity 5 Months 12 Days
Modified Duration 4 Months 28 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,762
28 Feb 21₹11,334
28 Feb 22₹11,737
28 Feb 23₹12,304
29 Feb 24₹13,189

SBI Magnum Ultra Short Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for SBI Magnum Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.4%
1 Year 7.2%
3 Year 5.2%
5 Year 5.7%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7%
2022 4.5%
2021 3.4%
2020 5.9%
2019 8%
2018 7.9%
2017 6.6%
2016 7.7%
2015 8.3%
2014 9%
Fund Manager information for SBI Magnum Ultra Short Duration Fund
NameSinceTenure
Arun R.1 Jun 212.67 Yr.
Ardhendu Bhattacharya1 Dec 230.17 Yr.
Pradeep Kesavan1 Dec 230.17 Yr.

Data below for SBI Magnum Ultra Short Duration Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash68.83%
Debt30.93%
Other0.25%
Debt Sector Allocation
SectorValue
Corporate45.77%
Cash Equivalent42.78%
Government11.21%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.32% Govt Stock 2024
Sovereign Bonds | -
4%₹404 Cr40,410,400
National Bank For Agriculture And Rural Development
Debentures | -
3%₹384 Cr3,850
91 DTB 22022024
Sovereign Bonds | -
3%₹298 Cr30,000,000
LIC Housing Finance Limited
Debentures | -
2%₹275 Cr2,750
Kotak Mahindra Bank Ltd.
Debentures | -
2%₹261 Cr5,500
Rural Electrification Corporation Limited
Debentures | -
2%₹258 Cr2,600
National Bank For Agriculture And Rural Development
Debentures | -
2%₹248 Cr2,500
↓ -1,000
182 DTB 04042024
Sovereign Bonds | -
2%₹246 Cr25,000,000
Canara Bank
Domestic Bonds | -
2%₹246 Cr5,000
↑ 5,000
Punjab National Bank
Domestic Bonds | -
2%₹246 Cr5,000
↑ 5,000

8. BOI AXA Ultra Short Duration Fund

(Erstwhile BOI AXA Treasury Advantage Fund)

The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns. Further, there is also no assurance that the investment objective of the Scheme will be achieved.

BOI AXA Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 16 Jul 08. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7% since its launch.  Ranked 9 in Ultrashort Bond category.  Return for 2023 was 6.2% , 2022 was 4.4% and 2021 was 3.2% .

Below is the key information for BOI AXA Ultra Short Duration Fund

BOI AXA Ultra Short Duration Fund
Growth
Launch Date 16 Jul 08
NAV (01 Mar 24) ₹2,893.28 ↑ 0.54   (0.02 %)
Net Assets (Cr) ₹136 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately Low
Expense Ratio 0.66
Sharpe Ratio -3.79
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.7%
Effective Maturity 5 Months 5 Days
Modified Duration 5 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,721
28 Feb 21₹11,199
28 Feb 22₹11,571
28 Feb 23₹12,121
29 Feb 24₹12,892

BOI AXA Ultra Short Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 0.5%
3 Month 1.5%
6 Month 3%
1 Year 6.4%
3 Year 4.8%
5 Year 5.2%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.2%
2022 4.4%
2021 3.2%
2020 4.9%
2019 7.5%
2018 7.6%
2017 8%
2016 9.1%
2015 8.7%
2014 9.3%
Fund Manager information for BOI AXA Ultra Short Duration Fund
NameSinceTenure
Mithraem Bharucha17 Aug 212.46 Yr.

Data below for BOI AXA Ultra Short Duration Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash63.75%
Debt35.98%
Other0.27%
Debt Sector Allocation
SectorValue
Corporate42.87%
Government35.7%
Cash Equivalent21.15%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
LIC Housing Finance Limited
Debentures | -
8%₹11 Cr1,100,000
Kotak Mahindra Bank Ltd.
Debentures | -
8%₹11 Cr1,150,000
Power Grid Corporation Of India Limited
Debentures | -
7%₹10 Cr1,005,000
182 DTB 14032024
Sovereign Bonds | -
7%₹10 Cr1,000,000
364 DTB 28112024
Sovereign Bonds | -
7%₹9 Cr1,000,000
Reliance Industries Limited
Debentures | -
6%₹8 Cr800,000
Hindustan Petroleum Corporation Limited
Debentures | -
4%₹5 Cr500,000
Rec Limited
Debentures | -
4%₹5 Cr500,000
↑ 500,000
Corporate Debt Market Development Fund
Investment Fund | -
0%₹0 Cr362
Export-Import Bank Of India
Certificate of Deposit | -
9%₹12 Cr1,200,000

9. Invesco India Ultra Short Term Fund

(Erstwhile Invesco India Medium Term Bond Fund)

The objective is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments.

Invesco India Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 30 Dec 10. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.1% since its launch.  Ranked 40 in Ultrashort Bond category.  Return for 2023 was 6.6% , 2022 was 4.1% and 2021 was 3% .

Below is the key information for Invesco India Ultra Short Term Fund

Invesco India Ultra Short Term Fund
Growth
Launch Date 30 Dec 10
NAV (01 Mar 24) ₹2,453.55 ↑ 0.51   (0.02 %)
Net Assets (Cr) ₹638 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 0.89
Sharpe Ratio -1.47
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.66%
Effective Maturity 4 Months 11 Days
Modified Duration 4 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,723
28 Feb 21₹11,218
28 Feb 22₹11,575
28 Feb 23₹12,095
29 Feb 24₹12,961

Invesco India Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Invesco India 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 1 Mar 24

DurationReturns
1 Month 0.9%
3 Month 2%
6 Month 3.5%
1 Year 7.2%
3 Year 4.9%
5 Year 5.3%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.6%
2022 4.1%
2021 3%
2020 5.1%
2019 7.6%
2018 7.3%
2017 7.1%
2016 9.1%
2015 8.3%
2014 10.1%
Fund Manager information for Invesco India Ultra Short Term Fund
NameSinceTenure
Krishna Cheemalapati4 Jan 204.08 Yr.
Vikas Garg27 Jul 212.52 Yr.

Data below for Invesco India Ultra Short Term Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash70.62%
Debt29.08%
Other0.3%
Debt Sector Allocation
SectorValue
Cash Equivalent45.68%
Corporate35.43%
Government18.6%
Credit Quality
RatingValue
AA16.02%
AAA83.98%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
364 DTB 07032024
Sovereign Bonds | -
7%₹50 Cr5,000,000
Pipeline Infrastructure Limited
Debentures | -
5%₹35 Cr3,500,000
Oil And Natural Gas Corporation Limited
Debentures | -
5%₹35 Cr3,500,000
Jamnagar Utilities & Power Private Limited
Debentures | -
4%₹25 Cr2,500,000
↑ 2,500,000
Indian Railway Finance Corporation Limited
Debentures | -
4%₹25 Cr2,500,000
Bharti Hexacom Limited
Debentures | -
3%₹20 Cr2,000,000
Bharti Telecom Limited
Debentures | -
2%₹17 Cr1,700,000
08.10 Wb Sdl 2025mar
Sovereign Bonds | -
2%₹15 Cr1,500,000
PNb Housing Finance Limited
Debentures | -
2%₹15 Cr1,500,000
05.80 MH Sdl 2025
Sovereign Bonds | -
2%₹15 Cr1,500,000

10. Canara Robeco Ultra Short Term Fund

(Erstwhile Canara Robeco Treasury Advantage Fund)

To generate income/capital appreciation through a low risk strategy by investment in Money Market Instruments (MMI). However, there can be no assurance that the investment objective of the scheme will be realized.

Canara Robeco Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 14 Jul 08. It is a fund with Low risk and has given a CAGR/Annualized return of 6.8% since its launch.  Ranked 72 in Ultrashort Bond category.  Return for 2023 was 6.4% , 2022 was 3.9% and 2021 was 2.6% .

Below is the key information for Canara Robeco Ultra Short Term Fund

Canara Robeco Ultra Short Term Fund
Growth
Launch Date 14 Jul 08
NAV (01 Mar 24) ₹3,472.5 ↑ 0.43   (0.01 %)
Net Assets (Cr) ₹487 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Low
Expense Ratio 0.95
Sharpe Ratio -2.97
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.64%
Effective Maturity 4 Months 22 Days
Modified Duration 4 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,633
28 Feb 21₹11,060
28 Feb 22₹11,365
28 Feb 23₹11,860
29 Feb 24₹12,641

Canara Robeco Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235
Invest Now

Returns for Canara Robeco 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 1 Mar 24

DurationReturns
1 Month 0.6%
3 Month 1.6%
6 Month 3.1%
1 Year 6.6%
3 Year 4.6%
5 Year 4.8%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.4%
2022 3.9%
2021 2.6%
2020 4.5%
2019 6.6%
2018 6.1%
2017 5.7%
2016 7.3%
2015 8.4%
2014 9.3%
Fund Manager information for Canara Robeco Ultra Short Term Fund
NameSinceTenure
Suman Prasad12 Apr 1112.81 Yr.
Avnish Jain1 Apr 221.84 Yr.

Data below for Canara Robeco Ultra Short Term Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash56.2%
Debt43.48%
Other0.32%
Debt Sector Allocation
SectorValue
Corporate56.46%
Government27.93%
Cash Equivalent15.28%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
6%₹30 Cr300
↑ 300
Power Finance Corporation Ltd.
Debentures | -
5%₹25 Cr250
Power Grid Corporation Of India Limited
Debentures | -
5%₹25 Cr250
Hdb Financial Services Limited
Debentures | -
5%₹25 Cr250
Small Industries Development Bank Of India
Debentures | -
5%₹25 Cr250
364 DTB 22032024
Sovereign Bonds | -
5%₹25 Cr2,500,000
Kotak Mahindra Prime Limited
Debentures | -
5%₹25 Cr250
LIC Housing Finance Limited
Debentures | -
5%₹24 Cr250
182 DTB 09052024
Sovereign Bonds | -
5%₹24 Cr2,500,000
↑ 2,500,000
364 DTB 05122024
Sovereign Bonds | -
1%₹5 Cr500,000
↑ 500,000

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
How helpful was this page ?
Rated 3.5, based on 2 reviews.
POST A COMMENT