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What is a Recurring Deposit (RD)?

Updated on June 22, 2022 , 39390 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.

RD Account: Features

  • 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.

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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 7% to 9.25% 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
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. 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 7.5% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2021 was 3.9% , 2020 was 7% and 2019 was 8.5% .

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 (24 Jun 22) ₹443.13 ↑ 0.06   (0.01 %)
Net Assets (Cr) ₹14,442 on 15 Jun 22
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.47
Sharpe Ratio 0.2
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.09%
Effective Maturity 6 Months
Modified Duration 5 Months 23 Days

Growth of 10,000 investment over the years.

DateValue
31 May 17₹10,000
31 May 18₹10,668
31 May 19₹11,601
31 May 20₹12,505
31 May 21₹13,196
31 May 22₹13,691

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 24 Jun 22

DurationReturns
1 Month 0.4%
3 Month 0.8%
6 Month 1.9%
1 Year 3.8%
3 Year 5.6%
5 Year 6.4%
10 Year
15 Year
Since launch 7.5%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.9%
2020 7%
2019 8.5%
2018 7.6%
2017 7.2%
2016 9.2%
2015 8.9%
2014 9.7%
2013 9.5%
2012 9.7%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure
Sunaina Cunha14 Jun 147.97 Yr.
Kaustubh Gupta15 Jul 1110.89 Yr.
Monika Gandhi22 Mar 211.19 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 15 Jun 22

Asset Allocation
Asset ClassValue
Cash65.06%
Debt34.94%
Debt Sector Allocation
SectorValue
Corporate42.78%
Cash Equivalent36.09%
Government21.13%
Credit Quality
RatingValue
AA11.64%
AAA88.36%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Limited
Debentures | -
4%₹598 Cr6,000
182 Dtb 08092022
Sovereign Bonds | -
2%₹394 Cr40,000,000
8.15% Govt Stock 2022
Sovereign Bonds | -
2%₹296 Cr29,500,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹280 Cr2,750
Reliance Industries Limited
Debentures | -
2%₹259 Cr2,500
08.54 MH Sdl 2023
Sovereign Bonds | -
2%₹250 Cr24,500,000
↑ 10,000,000
Housing Development Finance Corporation Limited
Debentures | -
2%₹245 Cr2,450
08.21 HR UDAY 2023
Domestic Bonds | -
1%₹234 Cr23,000,000
08.24 GJ Sdl 2023
Sovereign Bonds | -
1%₹214 Cr21,000,000
08.18 HR UDAY 2022
Domestic Bonds | -
1%₹211 Cr21,000,000

2. 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 2021 was 7.8% , 2020 was 4.9% and 2019 was 0.9% .

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 (24 Jun 22) ₹3,302.85 ↑ 0.84   (0.03 %)
Net Assets (Cr) ₹4,376 on 31 May 22
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.09
Sharpe Ratio 1.33
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 6.05%
Effective Maturity 6 Months 5 Days
Modified Duration 5 Months 5 Days

Growth of 10,000 investment over the years.

DateValue
31 May 17₹10,000
31 May 18₹10,594
31 May 19₹11,345
31 May 20₹11,408
31 May 21₹11,947
31 May 22₹12,827

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 ₹197,169.
Net Profit of ₹17,169
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 24 Jun 22

DurationReturns
1 Month 0.4%
3 Month 0.8%
6 Month 1.8%
1 Year 6.3%
3 Year 4.5%
5 Year 5.1%
10 Year
15 Year
Since launch 6%
Historical performance (Yearly) on absolute basis
YearReturns
2021 7.8%
2020 4.9%
2019 0.9%
2018 7.3%
2017 5.8%
2016 6.8%
2015 7.6%
2014 8.4%
2013 8.5%
2012 9.2%
Fund Manager information for Nippon India Ultra Short Duration Fund
NameSinceTenure
Vivek Sharma1 Oct 138.67 Yr.
Kinjal Desai25 May 184.02 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 31 May 22

Asset Allocation
Asset ClassValue
Cash64.19%
Debt35.81%
Debt Sector Allocation
SectorValue
Cash Equivalent44.31%
Corporate40.26%
Government15.43%
Credit Quality
RatingValue
AA17.32%
AAA82.68%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 15092022
Sovereign Bonds | -
5%₹221 Cr22,500,000
Hdb Financial Services Limited
Debentures | -
4%₹161 Cr1,500
Tata Realty And Infrastructure Limited
Debentures | -
3%₹149 Cr1,500
182 Dtb 11082022
Sovereign Bonds | -
3%₹148 Cr15,000,000
Reliance Industries Limited
Debentures | -
2%₹104 Cr1,000
Shriram Housing Finance Company Limited
Debentures | -
2%₹100 Cr1,000
National Housing Bank
Debentures | -
2%₹100 Cr1,000
↑ 1,000
Reliance Industries Limited
Debentures | -
2%₹85 Cr850
Piramal Capital & Housing Finance Limited
Debentures | -
2%₹75 Cr750,000
08.64 UP UDAY 2023
Domestic Bonds | -
2%₹73 Cr7,200,000

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 7.6% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2021 was 4% , 2020 was 6.5% and 2019 was 8.4% .

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 (24 Jun 22) ₹22.5738 ↑ 0.00   (0.02 %)
Net Assets (Cr) ₹13,152 on 31 May 22
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.99
Sharpe Ratio -0.16
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 5.74%
Effective Maturity 4 Months 13 Days
Modified Duration 4 Months 2 Days

Growth of 10,000 investment over the years.

DateValue
31 May 17₹10,000
31 May 18₹10,656
31 May 19₹11,542
31 May 20₹12,412
31 May 21₹13,104
31 May 22₹13,577

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 24 Jun 22

DurationReturns
1 Month 0.4%
3 Month 0.8%
6 Month 1.7%
1 Year 3.6%
3 Year 5.5%
5 Year 6.2%
10 Year
15 Year
Since launch 7.6%
Historical performance (Yearly) on absolute basis
YearReturns
2021 4%
2020 6.5%
2019 8.4%
2018 7.5%
2017 6.9%
2016 9.8%
2015 9.1%
2014 14.8%
2013 3.1%
2012 9.4%
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure
Manish Banthia15 Nov 165.54 Yr.
Ritesh Lunawat15 Jun 174.96 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 31 May 22

Asset Allocation
Asset ClassValue
Cash56.85%
Debt43.15%
Debt Sector Allocation
SectorValue
Cash Equivalent44.07%
Corporate39.67%
Government16.26%
Credit Quality
RatingValue
A1%
AA19%
AAA80.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
7%₹849 Cr8,500
182 Dtb 10112022
Sovereign Bonds | -
5%₹682 Cr70,000,000
↑ 70,000,000
91 Dtb 13072022
Sovereign Bonds | -
4%₹496 Cr50,000,000
91 Dtb 21072022
Sovereign Bonds | -
3%₹397 Cr40,000,000
182 Dtb 20102022
Sovereign Bonds | -
3%₹345 Cr35,226,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹251 Cr2,500
↑ 1,500
The Tata Power Company Limited
Debentures | -
2%₹211 Cr2,084
Shriram Transport Finance Company Limited
Debentures | -
2%₹202 Cr2,000
LIC Housing Finance Limited
Debentures | -
2%₹196 Cr1,950
Rec Limited
Debentures | -
1%₹165 Cr1,650

4. 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 7.3% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2021 was 3.2% , 2020 was 5.8% and 2019 was 7.8% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (24 Jun 22) ₹35.1135 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹12,388 on 31 May 22
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.45
Sharpe Ratio -1.11
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 5.67%
Effective Maturity 5 Months 5 Days
Modified Duration 4 Months 6 Days

Growth of 10,000 investment over the years.

DateValue
31 May 17₹10,000
31 May 18₹10,651
31 May 19₹11,522
31 May 20₹12,360
31 May 21₹12,872
31 May 22₹13,293

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 24 Jun 22

DurationReturns
1 Month 0.4%
3 Month 0.8%
6 Month 1.7%
1 Year 3.3%
3 Year 4.8%
5 Year 5.8%
10 Year
15 Year
Since launch 7.3%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.2%
2020 5.8%
2019 7.8%
2018 7.4%
2017 6.7%
2016 8.2%
2015 8.6%
2014 9.4%
2013 8.9%
2012 9.6%
Fund Manager information for Kotak Savings Fund
NameSinceTenure
Deepak Agrawal15 Apr 0814.13 Yr.
Vihag Mishra30 Apr 220.09 Yr.

Data below for Kotak Savings Fund as on 31 May 22

Asset Allocation
Asset ClassValue
Cash69.91%
Debt30.09%
Debt Sector Allocation
SectorValue
Cash Equivalent43.88%
Corporate36.21%
Government19.91%
Credit Quality
RatingValue
AA8.65%
AAA91.35%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.08% Govt Stock 2022
Sovereign Bonds | -
6%₹765 Cr75,999,900
182 Dtb 15092022
Sovereign Bonds | -
5%₹590 Cr60,000,000
182 Dtb 01092022
Sovereign Bonds | -
3%₹429 Cr43,500,000
182 Dtb 08092022
Sovereign Bonds | -
3%₹345 Cr35,000,000
↑ 10,000,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹249 Cr2,450
8.15% Govt Stock 2022
Sovereign Bonds | -
2%₹206 Cr20,500,000
Muthoot Finance Limited
Debentures | -
2%₹200 Cr2,000,000
Bajaj Finance Limited
Debentures | -
2%₹200 Cr2,000
91 Dtb 30062022
Sovereign Bonds | -
2%₹199 Cr20,000,000
Small Industries Development Bank Of India
Debentures | -
2%₹191 Cr1,900

5. 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 2021 was 3% , 2020 was 5.1% and 2019 was 7.6% .

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 (24 Jun 22) ₹2,209.42 ↑ 0.53   (0.02 %)
Net Assets (Cr) ₹752 on 15 Jun 22
Category Debt - Ultrashort Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 0.54
Sharpe Ratio -1.87
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 5.58%
Effective Maturity 4 Months 21 Days
Modified Duration 4 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
31 May 17₹10,000
31 May 18₹10,659
31 May 19₹11,507
31 May 20₹12,316
31 May 21₹12,751
31 May 22₹13,121

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 24 Jun 22

DurationReturns
1 Month 0.4%
3 Month 0.6%
6 Month 1.5%
1 Year 3%
3 Year 4.4%
5 Year 5.5%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3%
2020 5.1%
2019 7.6%
2018 7.3%
2017 7.1%
2016 9.1%
2015 8.3%
2014 10.1%
2013 6.1%
2012 8.9%
Fund Manager information for Invesco India Ultra Short Term Fund
NameSinceTenure
Krishna Cheemalapati4 Jan 202.41 Yr.
Vikas Garg27 Jul 210.84 Yr.

Data below for Invesco India Ultra Short Term Fund as on 15 Jun 22

Asset Allocation
Asset ClassValue
Cash56.88%
Debt43.12%
Debt Sector Allocation
SectorValue
Cash Equivalent42.87%
Corporate36.04%
Government21.1%
Credit Quality
RatingValue
AA13.93%
AAA86.07%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
7%₹51 Cr5,000,000
Muthoot Finance Limited
Debentures | -
4%₹29 Cr2,900,000
Jamnagar Utilities & Power Private Limited
Debentures | -
3%₹25 Cr2,500,000
08.92 RJ Sdl 2022aug
Sovereign Bonds | -
3%₹25 Cr2,500,000
Small Industries Development Bank Of India
Debentures | -
3%₹25 Cr2,500,000
Indian Oil Corporation Limited
Debentures | -
3%₹25 Cr2,500,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
3%₹25 Cr2,500,000
Sundaram Finance Limited
Debentures | -
3%₹24 Cr2,500,000
Nuclear Power Corporation Of India Limited
Debentures | -
3%₹20 Cr2,000,000
↑ 2,000,000
LIC Housing Finance Limited
Debentures | -
3%₹20 Cr2,000,000

6. 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 2021 was 3.4% , 2020 was 5.9% and 2019 was 8% .

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 (24 Jun 22) ₹4,869.82 ↑ 1.08   (0.02 %)
Net Assets (Cr) ₹12,802 on 15 Jun 22
Category Debt - Ultrashort Bond
AMC SBI Funds Management Private Limited
Rating
Risk Low
Expense Ratio 0.49
Sharpe Ratio -0.94
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 5.56%
Effective Maturity 5 Months 19 Days
Modified Duration 5 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
31 May 17₹10,000
31 May 18₹10,680
31 May 19₹11,586
31 May 20₹12,451
31 May 21₹12,976
31 May 22₹13,398

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 24 Jun 22

DurationReturns
1 Month 0.4%
3 Month 0.6%
6 Month 1.6%
1 Year 3.3%
3 Year 4.9%
5 Year 6%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.4%
2020 5.9%
2019 8%
2018 7.9%
2017 6.6%
2016 7.7%
2015 8.3%
2014 9%
2013 9.3%
2012 9.3%
Fund Manager information for SBI Magnum Ultra Short Duration Fund
NameSinceTenure
Arun R.1 Jul 210.92 Yr.

Data below for SBI Magnum Ultra Short Duration Fund as on 15 Jun 22

Asset Allocation
Asset ClassValue
Cash65.21%
Debt34.79%
Debt Sector Allocation
SectorValue
Cash Equivalent49.03%
Government29.02%
Corporate21.96%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 11082022
Sovereign Bonds | -
5%₹717 Cr72,500,000
182 Dtb 29092022
Sovereign Bonds | -
5%₹687 Cr70,000,000
91 Dtb 28072022
Sovereign Bonds | -
4%₹594 Cr60,000,000
3.8% Govt Stock 2024
Sovereign Bonds | -
4%₹567 Cr57,300,000
7.16% Govt Stock 2023
Sovereign Bonds | -
3%₹430 Cr42,500,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹406 Cr4,000
Power Finance Corporation Ltd.
Debentures | -
3%₹357 Cr3,550
182 Dtb 03112022
Sovereign Bonds | -
2%₹244 Cr25,000,000
↑ 25,000,000
Indusind Bank Ltd.
Debentures | -
2%₹240 Cr5,000
7.37% Govt Stock 2023
Sovereign Bonds | -
2%₹213 Cr21,000,000

Disclaimer:
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