Table of Contents
- Recurring Deposit (RD)
- Features of RD Account
- RD Interest Rates
- RD Calculator
- RD Interest Calculator
- Conclusion
- Similar Alternatives
Top 10 Debt - Ultrashort Bond Funds
- Nippon India Ultra Short Duration Fund
- Aditya Birla Sun Life Savings Fund
- ICICI Prudential Ultra Short Term Fund
- UTI Ultra Short Term Fund
- Kotak Savings Fund
- DSP BlackRock Money Manager Fund
- Principal Ultra Short Term Fund
- Invesco India Ultra Short Term Fund
- SBI Magnum Ultra Short Duration Fund
- Canara Robeco Ultra Short Term Fund
What is a Recurring Deposit (RD)?
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.
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.
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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 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
(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 Below is the key information for Nippon India Ultra Short Duration Fund Returns up to 1 year are on 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 Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (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 Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on (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 Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on (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 Below is the key information for Kotak Savings Fund Returns up to 1 year are on "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 Below is the key information for DSP BlackRock Money Manager Fund Returns up to 1 year are on (Erstwhile Principal Retail Money Manager Fund) To generate steady return by investing in debt and money market securities.
The portfolio will be predominantly invested in overnight repo, CBLO, floating rate instruments and other fixed income instruments. Principal Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 28 Dec 07. It is a fund with Moderately Low risk and has given a Below is the key information for Principal Ultra Short Term Fund Returns up to 1 year are on (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 Below is the key information for Invesco India Ultra Short Term Fund Returns up to 1 year are on (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 Below is the key information for SBI Magnum Ultra Short Duration Fund Returns up to 1 year are on (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 Below is the key information for Canara Robeco Ultra Short Term Fund Returns up to 1 year are on 1. Nippon India Ultra Short Duration Fund
CAGR/Annualized return of 6.1% since its launch. Ranked 62 in Ultrashort Bond category. Return for 2023 was 6.7% , 2022 was 4.6% and 2021 was 7.8% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (09 Oct 24) ₹3,827.63 ↑ 1.18 (0.03 %) Net Assets (Cr) ₹7,600 on 31 Aug 24 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.14 Sharpe Ratio -0.33 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.89% Effective Maturity 6 Months 11 Days Modified Duration 5 Months 13 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,519 30 Sep 21 ₹11,415 30 Sep 22 ₹11,873 30 Sep 23 ₹12,654 30 Sep 24 ₹13,553 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.5% 1 Year 7.1% 3 Year 5.9% 5 Year 6.3% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Vivek Sharma 1 Oct 13 10.93 Yr. Kinjal Desai 25 May 18 6.28 Yr. Akshay Sharma 1 Dec 22 1.75 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 52.55% Debt 47.24% Other 0.21% Debt Sector Allocation
Sector Value Corporate 63.47% Cash Equivalent 25.9% Government 10.15% Securitized 0.28% Credit Quality
Rating Value AA 15.75% AAA 84.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -5% ₹349 Cr 35,000,000
↓ -15,000,000 Rec Limited
Debentures | -4% ₹279 Cr 2,850 Indian Bank
Domestic Bonds | -3% ₹265 Cr 5,500
↑ 4,500 Can Fin Homes Limited
Debentures | -3% ₹199 Cr 2,000 Indinfravit Trust
Debentures | -2% ₹190 Cr 19,500
↓ -2,500 Power Finance Corporation Limited
Debentures | -2% ₹165 Cr 1,650 Dlf Cyber City Developers Ltd
Debentures | -2% ₹159 Cr 1,590 India (Republic of)
- | -2% ₹123 Cr 12,500,000
↑ 12,500,000 Axis Bank Ltd.
Debentures | -2% ₹121 Cr 2,500
↑ 2,500 Shriram Finance Limited
Debentures | -1% ₹100 Cr 1,000 2. Aditya Birla Sun Life Savings Fund
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% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (09 Oct 24) ₹518.337 ↑ 0.16 (0.03 %) Net Assets (Cr) ₹13,259 on 15 Sep 24 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.54 Sharpe Ratio 1.46 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.82% Effective Maturity 6 Months 25 Days Modified Duration 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,751 30 Sep 21 ₹11,218 30 Sep 22 ₹11,671 30 Sep 23 ₹12,497 30 Sep 24 ₹13,441 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Oct 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.7% 1 Year 7.6% 3 Year 6.3% 5 Year 6.1% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Sunaina Cunha 20 Jun 14 10.21 Yr. Kaustubh Gupta 15 Jul 11 13.14 Yr. Monika Gandhi 22 Mar 21 3.45 Yr. Dhaval Joshi 21 Nov 22 1.78 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 15 Sep 24
Asset Allocation
Asset Class Value Cash 41.25% Debt 58.47% Other 0.28% Debt Sector Allocation
Sector Value Corporate 65.68% Cash Equivalent 21.29% Government 12.74% Credit Quality
Rating Value AA 22.88% AAA 77.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Housing Bank 7.83%
Debentures | -6% ₹820 Cr 82,000 Nirma Limited
Debentures | -4% ₹501 Cr 50,000 Rural Electrification Corporation Limited
Debentures | -4% ₹500 Cr 50,000
↑ 50,000 National Housing Bank 7.78%
Debentures | -3% ₹400 Cr 40,000 Tata Realty And Infrastructure Limited
Debentures | -3% ₹360 Cr 36,000 Bharti Telecom Limited
Debentures | -2% ₹325 Cr 3,250 Bajaj Housing Finance Ltd. 8%
Debentures | -2% ₹300 Cr 30,000 7.72% Govt Stock 2028
Sovereign Bonds | -2% ₹292 Cr 29,000,000 Nirma Limited 8.3%
Debentures | -2% ₹250 Cr 25,000 Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹249 Cr 2,500 3. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2023 was 6.9% , 2022 was 4.5% and 2021 was 4% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (09 Oct 24) ₹26.2721 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹14,039 on 15 Sep 24 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 0.67 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 7.65% Effective Maturity 5 Months 5 Days Modified Duration 4 Months 24 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,732 30 Sep 21 ₹11,208 30 Sep 22 ₹11,642 30 Sep 23 ₹12,435 30 Sep 24 ₹13,349 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.6% 1 Year 7.4% 3 Year 6% 5 Year 5.9% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Manish Banthia 15 Nov 16 7.8 Yr. Ritesh Lunawat 15 Jun 17 7.22 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 15 Sep 24
Asset Allocation
Asset Class Value Cash 58.21% Debt 41.56% Other 0.23% Debt Sector Allocation
Sector Value Corporate 61% Cash Equivalent 27.66% Government 10.43% Securitized 0.68% Credit Quality
Rating Value AA 11.09% AAA 88.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -3% ₹389 Cr 40,000,000 364 DTB 13032025
Sovereign Bonds | -3% ₹386 Cr 40,000,000 Small Industries Development Bank Of India
Debentures | -2% ₹371 Cr 3,750
↓ -500 Bharti Telecom Limited
Debentures | -2% ₹326 Cr 32,500 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹297 Cr 3,000
↑ 3,000 India (Republic of)
- | -2% ₹294 Cr 30,000,000 HDFC Bank Ltd.
Debentures | -2% ₹290 Cr 6,000 Indusind Bank Ltd.
Debentures | -2% ₹243 Cr 5,000 Rural Electrification Corporation Limited
Debentures | -2% ₹235 Cr 2,350 Indusind Bank Ltd.
Debentures | -1% ₹217 Cr 4,500 4. UTI Ultra Short Term Fund
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% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (09 Oct 24) ₹4,030.34 ↑ 1.10 (0.03 %) Net Assets (Cr) ₹2,343 on 31 Aug 24 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.96 Sharpe Ratio -0.54 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.63% Effective Maturity 5 Months 12 Days Modified Duration 5 Months 2 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,573 30 Sep 21 ₹11,252 30 Sep 22 ₹11,657 30 Sep 23 ₹12,426 30 Sep 24 ₹13,312 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.5% 1 Year 7.1% 3 Year 5.8% 5 Year 5.9% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Ritesh Nambiar 1 Jul 15 9.18 Yr. Data below for UTI Ultra Short Term Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 57.83% Debt 41.9% Other 0.27% Debt Sector Allocation
Sector Value Corporate 55.44% Cash Equivalent 40.12% Government 4.17% Credit Quality
Rating Value AA 27.43% AAA 72.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity Ntpc Limited
Debentures | -5% ₹100 Cr 1,000 Ongc Petro Additions Limited
Debentures | -3% ₹75 Cr 7,500 Shriram Finance Limited
Debentures | -3% ₹70 Cr 700 Bharti Telecom Limited
Debentures | -2% ₹50 Cr 500 Can Fin Homes Limited
Debentures | -2% ₹49 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹49 Cr 500 ICICI Bank Ltd.
Debentures | -2% ₹49 Cr 500,000,000 Indian Bank
Domestic Bonds | -2% ₹48 Cr 500,000,000 ICICI Bank Ltd.
Debentures | -2% ₹48 Cr 500,000,000 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹48 Cr 500,000,000 5. Kotak Savings Fund
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% . Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (09 Oct 24) ₹40.7348 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹12,644 on 31 Aug 24 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.8 Sharpe Ratio -0.35 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.61% Effective Maturity 7 Months 2 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,650 30 Sep 21 ₹11,020 30 Sep 22 ₹11,428 30 Sep 23 ₹12,199 30 Sep 24 ₹13,065 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.5% 1 Year 7.1% 3 Year 5.9% 5 Year 5.5% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Deepak Agrawal 15 Apr 08 16.39 Yr. Manu Sharma 1 Nov 22 1.84 Yr. Data below for Kotak Savings Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 49.95% Debt 49.76% Other 0.29% Debt Sector Allocation
Sector Value Corporate 68.81% Government 16.19% Cash Equivalent 14.7% Credit Quality
Rating Value AA 9.42% AAA 90.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 12122024
Sovereign Bonds | -4% ₹491 Cr 50,000,000 India (Republic of)
- | -3% ₹389 Cr 40,000,000 LIC Housing Finance Ltd
Debentures | -2% ₹297 Cr 3,000 Nirma Limited 0.083%
Debentures | -2% ₹250 Cr 25,000 IDFC First Bank Ltd.
Debentures | -2% ₹241 Cr 25,000 Bharti Telecom Limited
Debentures | -2% ₹226 Cr 2,250 India (Republic of)
- | -2% ₹210 Cr 21,000,000
↓ -19,000,000 182 DTB 23012025
Sovereign Bonds | -2% ₹195 Cr 20,000,000 ICICI Bank Ltd.
Debentures | -2% ₹193 Cr 20,000 Small Industries Development Bank of India
Debentures | -2% ₹193 Cr 20,000 6. DSP BlackRock Money Manager Fund
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% . DSP BlackRock Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (09 Oct 24) ₹3,236.51 ↑ 1.05 (0.03 %) Net Assets (Cr) ₹2,846 on 31 Aug 24 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio -0.88 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.58% Effective Maturity 5 Months 16 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,538 30 Sep 21 ₹10,862 30 Sep 22 ₹11,221 30 Sep 23 ₹11,939 30 Sep 24 ₹12,777 Returns for DSP BlackRock Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.4% 1 Year 7.1% 3 Year 5.6% 5 Year 5% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Laukik Bagwe 1 Aug 24 0.08 Yr. Karan Mundhra 31 May 21 3.26 Yr. Data below for DSP BlackRock Money Manager Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 60.58% Debt 39.18% Other 0.24% Debt Sector Allocation
Sector Value Corporate 60.03% Cash Equivalent 25.48% Government 14.24% Credit Quality
Rating Value AA 3.83% AAA 96.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 DTB 05122024
Sovereign Bonds | -4% ₹123 Cr 12,500,000 182 DTB 23012025
Sovereign Bonds | -3% ₹97 Cr 10,000,000 Punjab National Bank
Domestic Bonds | -3% ₹97 Cr 2,000 Bank of Baroda
Debentures | -3% ₹72 Cr 1,500 182 DTB 30012025
Sovereign Bonds | -2% ₹58 Cr 6,000,000 Bharti Telecom Limited
Debentures | -2% ₹53 Cr 500 The Tata Power Company Limited
Debentures | -2% ₹52 Cr 500 Can Fin Homes Limited
Debentures | -2% ₹51 Cr 500 Small Industries Development Bank Of India
Debentures | -2% ₹51 Cr 500 Small Industries Development Bank Of India
Debentures | -2% ₹50 Cr 500 7. Principal Ultra Short Term Fund
CAGR/Annualized return of 5.8% since its launch. Ranked 43 in Ultrashort Bond category. Return for 2023 was 6.1% , 2022 was 3.7% and 2021 was 2.7% . Principal Ultra Short Term Fund
Growth Launch Date 28 Dec 07 NAV (09 Oct 24) ₹2,565.49 ↑ 0.76 (0.03 %) Net Assets (Cr) ₹1,909 on 31 Aug 24 Category Debt - Ultrashort Bond AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.41 Sharpe Ratio -4.85 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,000 Exit Load NIL Yield to Maturity 7.55% Effective Maturity 5 Months 26 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,464 30 Sep 21 ₹10,754 30 Sep 22 ₹11,076 30 Sep 23 ₹11,738 30 Sep 24 ₹12,483 Returns for Principal Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.1% 1 Year 6.4% 3 Year 5.1% 5 Year 4.5% 10 Year 15 Year Since launch 5.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.1% 2022 3.7% 2021 2.7% 2020 4.1% 2019 6.5% 2018 1.2% 2017 6.3% 2016 7.9% 2015 8.8% 2014 9.4% Fund Manager information for Principal Ultra Short Term Fund
Name Since Tenure Dwijendra Srivastava 16 May 22 2.3 Yr. Sandeep Agarwal 1 Jan 22 2.67 Yr. Data below for Principal Ultra Short Term Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 73.78% Debt 25.98% Other 0.25% Debt Sector Allocation
Sector Value Corporate 65.88% Cash Equivalent 28.67% Government 5.21% Credit Quality
Rating Value AA 7.54% AAA 92.46% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Telecom Limited
Debentures | -3% ₹50 Cr 5,000 364 DTB 12092024
Sovereign Bonds | -3% ₹50 Cr 5,000,000 India (Republic of)
- | -3% ₹50 Cr 5,000,000
↑ 5,000,000 Punjab National Bank
Domestic Bonds | -3% ₹48 Cr 1,000 Union Bank of India
Domestic Bonds | -2% ₹39 Cr 800 91 DTB 05092024
Sovereign Bonds | -2% ₹37 Cr 3,700,000
↑ 3,700,000 IDFC First Bank Ltd.
Debentures | -2% ₹32 Cr 660 LIC Housing Finance Ltd
Debentures | -2% ₹30 Cr 300 ICICI Bank Ltd.
Debentures | -2% ₹29 Cr 600 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -1% ₹25 Cr 250,000 8. Invesco India Ultra Short Term Fund
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% . Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (09 Oct 24) ₹2,560.22 ↑ 0.80 (0.03 %) Net Assets (Cr) ₹879 on 31 Aug 24 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.74 Sharpe Ratio 0.22 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.54% Effective Maturity 5 Months 9 Days Modified Duration 5 Months 2 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,580 30 Sep 21 ₹10,918 30 Sep 22 ₹11,285 30 Sep 23 ₹12,019 30 Sep 24 ₹12,898 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.5% 1 Year 7.3% 3 Year 5.8% 5 Year 5.2% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Krishna Cheemalapati 4 Jan 20 4.66 Yr. Vikas Garg 27 Jul 21 3.1 Yr. Data below for Invesco India Ultra Short Term Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 58.97% Debt 40.79% Other 0.24% Debt Sector Allocation
Sector Value Corporate 68.98% Cash Equivalent 21.25% Government 9.53% Credit Quality
Rating Value AA 17.83% AAA 82.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd.
Debentures | -5% ₹48 Cr 5,000,000
↑ 5,000,000 Power Grid Corporation Of India Limited
Debentures | -3% ₹25 Cr 2,500,000 Bharti Telecom Limited
Debentures | -3% ₹25 Cr 2,500,000 National Housing Bank
Debentures | -3% ₹25 Cr 2,500,000 National Housing Bank
Debentures | -3% ₹25 Cr 2,500,000 Muthoot Finance Limited
Debentures | -3% ₹25 Cr 2,500,000
↑ 2,500,000 182 DTB 28112024
Sovereign Bonds | -3% ₹25 Cr 2,500,000 182 DTB 12122024
Sovereign Bonds | -3% ₹25 Cr 2,500,000 HDFC Bank Ltd.
Debentures | -3% ₹24 Cr 2,500,000 182 DTB 20022025
Sovereign Bonds | -3% ₹24 Cr 2,500,000
↑ 2,500,000 9. SBI Magnum Ultra Short Duration Fund
CAGR/Annualized return of 7.1% since its launch. Return for 2023 was 7% , 2022 was 4.5% and 2021 was 3.4% . SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (09 Oct 24) ₹5,671.28 ↑ 1.98 (0.03 %) Net Assets (Cr) ₹12,828 on 31 Aug 24 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.54 Sharpe Ratio 1.14 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.46% Effective Maturity 5 Months 5 Days Modified Duration 4 Months 24 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,661 30 Sep 21 ₹11,044 30 Sep 22 ₹11,453 30 Sep 23 ₹12,237 30 Sep 24 ₹13,137 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.6% 1 Year 7.4% 3 Year 6% 5 Year 5.6% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Arun R. 1 Jun 21 3.25 Yr. Ardhendu Bhattacharya 1 Dec 23 0.75 Yr. Pradeep Kesavan 1 Dec 23 0.75 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 64.23% Debt 35.53% Other 0.23% Debt Sector Allocation
Sector Value Corporate 58.46% Cash Equivalent 29.67% Government 11.64% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹470 Cr 4,750
↑ 4,000 Indusind Bank Ltd.
Debentures | -4% ₹465 Cr 10,000
↑ 10,000 India (Republic of)
- | -3% ₹447 Cr 45,000,000 Power Finance Corporation Limited
Debentures | -3% ₹383 Cr 3,850 91 DTB 24102024
Sovereign Bonds | -3% ₹371 Cr 37,500,000 Hdb Financial Services Limited
Debentures | -3% ₹345 Cr 34,500 Panatone Finvest Ltd
Debentures | -2% ₹291 Cr 6,000 91 DTB 31102024
Sovereign Bonds | -2% ₹273 Cr 27,646,400 LIC Housing Finance Ltd
Debentures | -2% ₹249 Cr 2,500 RBL Bank Ltd.
Debentures | -2% ₹245 Cr 5,000 10. Canara Robeco Ultra Short Term Fund
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% . Canara Robeco Ultra Short Term Fund
Growth Launch Date 14 Jul 08 NAV (09 Oct 24) ₹3,616.57 ↑ 1.36 (0.04 %) Net Assets (Cr) ₹552 on 31 Aug 24 Category Debt - Ultrashort Bond AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆ Risk Low Expense Ratio 0.95 Sharpe Ratio -2.88 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.36% Effective Maturity 5 Months 15 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,525 30 Sep 21 ₹10,811 30 Sep 22 ₹11,150 30 Sep 23 ₹11,846 30 Sep 24 ₹12,639 Returns for Canara Robeco Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.3% 1 Year 6.7% 3 Year 5.4% 5 Year 4.8% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Avnish Jain 1 Apr 22 2.42 Yr. Kunal Jain 16 Sep 24 0 Yr. Data below for Canara Robeco Ultra Short Term Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 40.37% Debt 59.34% Other 0.29% Debt Sector Allocation
Sector Value Corporate 71.22% Government 18.8% Cash Equivalent 9.69% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 14022025
Sovereign Bonds | -14% ₹79 Cr Reliance Industries Limited
Debentures | -5% ₹25 Cr 250 Export Import Bank Of India
Debentures | -5% ₹25 Cr 250 Rural Electrification Corporation Limited
Debentures | -5% ₹25 Cr 2,500 Sundaram Finance Limited
Debentures | -5% ₹25 Cr 250 Bajaj Finance Limited
Debentures | -5% ₹25 Cr 250
↑ 250 National Housing Bank
Debentures | -5% ₹25 Cr 250 Kotak Mahindra Prime Limited
Debentures | -5% ₹25 Cr 250 Power Finance Corporation Limited
Debentures | -5% ₹25 Cr 250 Indian Oil Corporation Limited
Debentures | -5% ₹25 Cr 250
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.
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