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What is a Recurring Deposit (RD)?

Updated on January 30, 2023 , 46325 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.

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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

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 2022 was 4.6% , 2021 was 7.8% and 2020 was 4.9% .

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 (01 Feb 23) ₹3,413.41 ↑ 0.91   (0.03 %)
Net Assets (Cr) ₹4,714 on 31 Dec 22
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.12
Sharpe Ratio -1.02
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.49%
Effective Maturity 5 Months 29 Days
Modified Duration 5 Months 4 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹10,758
31 Jan 20₹10,846
31 Jan 21₹11,321
31 Jan 22₹12,223
31 Jan 23₹12,797

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 1 Feb 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 2.8%
1 Year 4.7%
3 Year 5.7%
5 Year 5.1%
10 Year
15 Year
Since launch 6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 8.5%
Fund Manager information for Nippon India Ultra Short Duration Fund
NameSinceTenure
Vivek Sharma1 Oct 139.26 Yr.
Kinjal Desai25 May 184.61 Yr.

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

Asset Allocation
Asset ClassValue
Cash64.99%
Debt35.01%
Debt Sector Allocation
SectorValue
Corporate50.35%
Cash Equivalent38.53%
Government11.12%
Credit Quality
RatingValue
AA24.39%
AAA75.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
The Tata Power Company Limited
Debentures | -
3%₹165 Cr1,650
Tata Realty And Infrastructure Limited
Debentures | -
3%₹149 Cr1,500
Jamnagar Utilities & Power Private Limited
Debentures | -
3%₹145 Cr1,450
↑ 900
91 DTB 09022023
Sovereign Bonds | -
3%₹134 Cr13,500,000
National Housing Bank
Debentures | -
2%₹124 Cr1,250
↑ 1,250
08.39 RJ UDAY 2024
Domestic Bonds | -
2%₹101 Cr10,000,000
Reliance Industries Limited
Debentures | -
2%₹101 Cr1,000
Shriram Housing Finance Limited
Debentures | -
2%₹101 Cr1,000
National Housing Bank
Debentures | -
2%₹100 Cr1,000
182 DTB 22062023
Sovereign Bonds | -
2%₹97 Cr10,000,000
↑ 10,000,000

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 2022 was 4.8% , 2021 was 3.9% and 2020 was 7% .

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 Feb 23) ₹458.804 ↑ 0.20   (0.04 %)
Net Assets (Cr) ₹14,948 on 31 Dec 22
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.49
Sharpe Ratio -0.52
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.4%
Effective Maturity 6 Months 4 Days
Modified Duration 5 Months 19 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹10,793
31 Jan 20₹11,684
31 Jan 21₹12,447
31 Jan 22₹12,963
31 Jan 23₹13,602

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 Feb 23

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 2.9%
1 Year 5%
3 Year 5.2%
5 Year 6.4%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 9.5%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure
Sunaina Cunha14 Jun 148.56 Yr.
Kaustubh Gupta15 Jul 1111.47 Yr.
Monika Gandhi22 Mar 211.78 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash60.09%
Debt39.91%
Debt Sector Allocation
SectorValue
Corporate50.04%
Cash Equivalent29.26%
Government20.7%
Credit Quality
RatingValue
AA20.68%
AAA79.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Ltd
Debentures | -
4%₹597 Cr6,000
182 DTB 29062023
Sovereign Bonds | -
3%₹413 Cr42,504,130
Bharti Telecom Limited
Debentures | -
2%₹324 Cr3,250
Shriram Finance Limited
Debentures | -
2%₹277 Cr2,750
Reliance Industries Limited
Debentures | -
2%₹253 Cr2,500
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹249 Cr2,500
08.54 MH Sdl 2023
Sovereign Bonds | -
2%₹246 Cr24,500,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹244 Cr2,450
08.21 HR UDAY 2023
Domestic Bonds | -
2%₹236 Cr23,500,000
08.39 RJ UDAY 2023
Domestic Bonds | -
1%₹215 Cr21,477,000

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 7.5% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2022 was 4.5% , 2021 was 4% and 2020 was 6.5% .

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 Feb 23) ₹23.3456 ↑ 0.01   (0.03 %)
Net Assets (Cr) ₹12,472 on 31 Dec 22
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.93
Sharpe Ratio -1.49
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 7.32%
Effective Maturity 5 Months 1 Day
Modified Duration 4 Months 10 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹10,773
31 Jan 20₹11,672
31 Jan 21₹12,379
31 Jan 22₹12,889
31 Jan 23₹13,502

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 Feb 23

DurationReturns
1 Month 0.6%
3 Month 1.6%
6 Month 2.9%
1 Year 4.8%
3 Year 5%
5 Year 6.2%
10 Year
15 Year
Since launch 7.5%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 3.1%
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure
Manish Banthia15 Nov 166.13 Yr.
Ritesh Lunawat15 Jun 175.55 Yr.

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

Asset Allocation
Asset ClassValue
Cash61.45%
Debt38.55%
Debt Sector Allocation
SectorValue
Cash Equivalent38.83%
Corporate38.34%
Government22.83%
Credit Quality
RatingValue
AA18.56%
AAA81.44%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 29062023
Sovereign Bonds | -
5%₹680 Cr70,000,000
↑ 20,000,000
National Bank For Agriculture And Rural Development
Debentures | -
4%₹573 Cr5,750
182 DTB 06072023
Sovereign Bonds | -
3%₹460 Cr47,500,000
↑ 47,500,000
Housing Development Finance Corporation Ltd
Debentures | -
3%₹370 Cr3,700
National Bank For Agriculture And Rural Development
Debentures | -
2%₹325 Cr3,250
Housing Development Finance Corporation Ltd
Debentures | -
2%₹309 Cr3,100
Embassy Office Parks Reit
Debentures | -
2%₹271 Cr2,750
↑ 500
Canara Bank
Domestic Bonds | -
2%₹239 Cr5,000
↑ 5,000
Shriram Finance Limited
Debentures | -
1%₹200 Cr2,000
Ongc Petro Additions Limited
Debentures | -
1%₹190 Cr1,900

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 7.2% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2022 was 4.5% , 2021 was 3.2% and 2020 was 5.8% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (01 Feb 23) ₹36.2816 ↑ 0.01   (0.04 %)
Net Assets (Cr) ₹12,060 on 31 Dec 22
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.44
Sharpe Ratio -1.44
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.25%
Effective Maturity 6 Months 14 Days
Modified Duration 4 Months 6 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹10,767
31 Jan 20₹11,586
31 Jan 21₹12,217
31 Jan 22₹12,631
31 Jan 23₹13,216

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 Feb 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 2.8%
1 Year 4.7%
3 Year 4.5%
5 Year 5.7%
10 Year
15 Year
Since launch 7.2%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 8.9%
Fund Manager information for Kotak Savings Fund
NameSinceTenure
Deepak Agrawal15 Apr 0814.72 Yr.
Vihag Mishra30 Apr 220.67 Yr.
Manu Sharma1 Nov 220.17 Yr.

Data below for Kotak Savings Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash71.22%
Debt28.78%
Debt Sector Allocation
SectorValue
Corporate43.43%
Cash Equivalent35.3%
Government21.27%
Credit Quality
RatingValue
AA11.81%
AAA88.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 09032023
Sovereign Bonds | -
4%₹496 Cr50,000,000
182 DTB 16032023
Sovereign Bonds | -
4%₹495 Cr50,000,000
182 DTB 01062023
Sovereign Bonds | -
4%₹488 Cr50,000,000
Mahindra & Mahindra Financial Services Ltd
Debentures | -
3%₹349 Cr3,500
7.16% Govt Stock 2023
Sovereign Bonds | -
2%₹251 Cr25,000,000
Shriram Finance Limited
Debentures | -
2%₹247 Cr2,450
The Tata Power Company Limited
Debentures | -
2%₹200 Cr2,000
364 Dtb 15062023
Sovereign Bonds | -
2%₹195 Cr20,000,000
Housing Development Finance Corporation Ltd
Debentures | -
1%₹174 Cr1,750
Tata Capital Housing Finance Limited
Debentures | -
1%₹170 Cr1,700

5. 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 6.6% since its launch.  Ranked 75 in Ultrashort Bond category.  Return for 2022 was 4.1% , 2021 was 2.9% and 2020 was 4.7% .

Below is the key information for DSP BlackRock Money Manager Fund

DSP BlackRock Money Manager Fund
Growth
Launch Date 31 Jul 06
NAV (01 Feb 23) ₹2,892.19 ↑ 0.76   (0.03 %)
Net Assets (Cr) ₹2,438 on 31 Dec 22
Category Debt - Ultrashort Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.69
Sharpe Ratio -2.26
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.19%
Effective Maturity 4 Months 10 Days
Modified Duration 3 Months 29 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹10,520
31 Jan 20₹11,265
31 Jan 21₹11,757
31 Jan 22₹12,117
31 Jan 23₹12,635

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 ₹194,235.
Net Profit of ₹14,235
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 Feb 23

DurationReturns
1 Month 0.5%
3 Month 1.5%
6 Month 2.6%
1 Year 4.3%
3 Year 3.9%
5 Year 4.8%
10 Year
15 Year
Since launch 6.6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 9.2%
Fund Manager information for DSP BlackRock Money Manager Fund
NameSinceTenure
Kedar Karnik17 Jul 166.46 Yr.
Karan Mundhra31 May 211.59 Yr.

Data below for DSP BlackRock Money Manager Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash78.76%
Debt21.24%
Debt Sector Allocation
SectorValue
Corporate48.15%
Cash Equivalent31.57%
Government20.28%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.16% Govt Stock 2023
Sovereign Bonds | -
5%₹152 Cr15,000,000
Ntpc Limited
Debentures | -
4%₹105 Cr1,000
182 DTB 06072023
Sovereign Bonds | -
3%₹73 Cr7,500,000
↑ 7,500,000
Larsen And Toubro Limited
Debentures | -
2%₹53 Cr500
↑ 150
364 Dtb 16022023
Sovereign Bonds | -
2%₹50 Cr5,000,000
Canara Bank
Domestic Bonds | -
2%₹48 Cr1,000
↑ 1,000
National Bank For Agriculture And Rural Development
Debentures | -
1%₹26 Cr250
Sikka Ports & Terminals Limited
Debentures | -
1%₹26 Cr250
Indian Railway Finance Corporation Limited
Debentures | -
1%₹25 Cr250
↑ 250
364 Dtb 02032023
Sovereign Bonds | -
1%₹25 Cr2,500,000
↓ -2,500,000

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 2022 was 4.5% , 2021 was 3.4% and 2020 was 5.9% .

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 Feb 23) ₹5,038.32 ↑ 1.43   (0.03 %)
Net Assets (Cr) ₹9,691 on 31 Dec 22
Category Debt - Ultrashort Bond
AMC SBI Funds Management Private Limited
Rating
Risk Low
Expense Ratio 0.49
Sharpe Ratio -1.1
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.08%
Effective Maturity 5 Months 1 Day
Modified Duration 4 Months 20 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹10,812
31 Jan 20₹11,649
31 Jan 21₹12,288
31 Jan 22₹12,724
31 Jan 23₹13,318

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 Feb 23

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 2.9%
1 Year 4.7%
3 Year 4.6%
5 Year 5.9%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 9.3%
Fund Manager information for SBI Magnum Ultra Short Duration Fund
NameSinceTenure
Mohit Jain30 Nov 175.09 Yr.
Arun R.1 Jul 211.5 Yr.

Data below for SBI Magnum Ultra Short Duration Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash76.01%
Debt23.99%
Debt Sector Allocation
SectorValue
Cash Equivalent43.34%
Corporate39.8%
Government16.86%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.37% Govt Stock 2023
Sovereign Bonds | -
4%₹411 Cr41,000,000
Indian Railway Finance Corporation Limited
Debentures | -
3%₹309 Cr3,100
7.10% Govt Stock 2029
Sovereign Bonds | -
3%₹248 Cr25,000,000
Union Bank of India
Domestic Bonds | -
2%₹232 Cr5,000
↑ 5,000
Ntpc Limited
Debentures | -
2%₹224 Cr2,250
182 DTB 30032023
Sovereign Bonds | -
2%₹223 Cr22,550,400
91 DTB 16022023
Sovereign Bonds | -
2%₹199 Cr20,000,000
7.16% Govt Stock 2023
Sovereign Bonds | -
2%₹150 Cr15,000,000
Mahindra And Mahindra Limited
Debentures | -
2%₹150 Cr1,500
↑ 500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹149 Cr1,500

7. Principal Ultra Short Term Fund

(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 CAGR/Annualized return of 5.7% since its launch.  Ranked 43 in Ultrashort Bond category.  Return for 2022 was 3.7% , 2021 was 2.7% and 2020 was 4.1% .

Below is the key information for Principal Ultra Short Term Fund

Principal Ultra Short Term Fund
Growth
Launch Date 28 Dec 07
NAV (01 Feb 23) ₹2,313.08 ↑ 0.56   (0.02 %)
Net Assets (Cr) ₹1,413 on 31 Dec 22
Category Debt - Ultrashort Bond
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.25
Sharpe Ratio -5.22
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 2,000
Exit Load NIL
Yield to Maturity 7.01%
Effective Maturity 3 Months 26 Days
Modified Duration 3 Months 25 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹10,135
31 Jan 20₹10,772
31 Jan 21₹11,171
31 Jan 22₹11,483
31 Jan 23₹11,931

Principal 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 ₹191,330.
Net Profit of ₹11,330
Invest Now

Returns for Principal 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 Feb 23

DurationReturns
1 Month 0.5%
3 Month 1.4%
6 Month 2.5%
1 Year 3.9%
3 Year 3.5%
5 Year 3.6%
10 Year
15 Year
Since launch 5.7%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 9.8%
Fund Manager information for Principal Ultra Short Term Fund
NameSinceTenure
Dwijendra Srivastava16 May 220.63 Yr.
Sandeep Agarwal1 Jan 221 Yr.

Data below for Principal Ultra Short Term Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash85.11%
Debt14.89%
Debt Sector Allocation
SectorValue
Cash Equivalent46.44%
Corporate30.26%
Government20.16%
Credit Quality
RatingValue
AA2.83%
AAA97.17%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 15062023
Sovereign Bonds | -
6%₹97 Cr10,000,000
India (Republic of)
- | -
3%₹48 Cr5,000,000
↑ 5,000,000
LIC Housing Finance Limited
Debentures | -
3%₹40 Cr400
The Tata Power Company Limited
Debentures | -
2%₹35 Cr350
7.16% Govt Stock 2023
Sovereign Bonds | -
2%₹25 Cr2,500,000
Citicorp Finance (India) Limited
Debentures | -
2%₹25 Cr250
Canara Bank
Domestic Bonds | -
2%₹24 Cr500
↑ 500
LIC Housing Finance Limited
Debentures | -
1%₹10 Cr100
91 DTB 19012023
Sovereign Bonds | -
0%₹5 Cr500,000
Treps
CBLO/Reverse Repo | -
14%₹219 Cr

8. 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 2022 was 4.2% , 2021 was 6.1% and 2020 was 5.3% .

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund
Growth
Launch Date 29 Aug 03
NAV (01 Feb 23) ₹3,593.24 ↑ 1.00   (0.03 %)
Net Assets (Cr) ₹2,005 on 31 Dec 22
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.95
Sharpe Ratio -1.9
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.01%
Effective Maturity 4 Months 3 Days
Modified Duration 3 Months 28 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹10,717
31 Jan 20₹11,058
31 Jan 21₹11,600
31 Jan 22₹12,315
31 Jan 23₹12,864

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 Feb 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 2.7%
1 Year 4.5%
3 Year 5.2%
5 Year 5.2%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 9.8%
Fund Manager information for UTI Ultra Short Term Fund
NameSinceTenure
Ritesh Nambiar1 Jul 157.51 Yr.

Data below for UTI Ultra Short Term Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash65.46%
Debt34.54%
Debt Sector Allocation
SectorValue
Corporate44.86%
Cash Equivalent41.03%
Government14.11%
Credit Quality
RatingValue
AA17.5%
AAA82.5%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 02022023
Sovereign Bonds | -
5%₹100 Cr1,000,000,000
↑ 1,000,000,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹50 Cr500
Indian Railway Finance Corporation Limited
Debentures | -
2%₹50 Cr500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹50 Cr500
Grasim Industries Limited
Debentures | -
2%₹50 Cr500
Kotak Mahindra Prime Limited
Debentures | -
2%₹49 Cr500
Embassy Office Parks Reit
Debentures | -
2%₹49 Cr500
↑ 500
Canara Bank
Domestic Bonds | -
2%₹48 Cr500,000,000
↑ 500,000,000
Federal Bank
Debentures | -
2%₹48 Cr500,000,000
↑ 500,000,000
Canara Bank
Domestic Bonds | -
2%₹48 Cr500,000,000
↑ 500,000,000

9. 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 2022 was 3.9% , 2021 was 2.6% and 2020 was 4.5% .

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 Feb 23) ₹3,245.13 ↑ 0.84   (0.03 %)
Net Assets (Cr) ₹610 on 31 Dec 22
Category Debt - Ultrashort Bond
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Low
Expense Ratio 0.95
Sharpe Ratio -3
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.01%
Effective Maturity 4 Months 13 Days
Modified Duration 4 Months 3 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹10,622
31 Jan 20₹11,307
31 Jan 21₹11,779
31 Jan 22₹12,103
31 Jan 23₹12,607

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 Feb 23

DurationReturns
1 Month 0.5%
3 Month 1.5%
6 Month 2.6%
1 Year 4.2%
3 Year 3.7%
5 Year 4.7%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 9.1%
Fund Manager information for Canara Robeco Ultra Short Term Fund
NameSinceTenure
Suman Prasad12 Apr 1111.73 Yr.
Avnish Jain1 Apr 220.75 Yr.

Data below for Canara Robeco Ultra Short Term Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash71.55%
Debt28.45%
Debt Sector Allocation
SectorValue
Cash Equivalent42.41%
Corporate36.88%
Government12.85%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
364 Dtb 19012023
Sovereign Bonds | -
8%₹50 Cr5,000,000
India (Republic of)
- | -
8%₹48 Cr5,079,500
↑ 5,079,500
Kotak Mahindra Prime Limited
Debentures | -
6%₹35 Cr350
Ntpc Limited
Debentures | -
5%₹30 Cr300
Bajaj Finance Limited
Debentures | -
4%₹25 Cr250
Reliance Industries Limited
Debentures | -
4%₹25 Cr250
Power Finance Corporation Ltd.
Debentures | -
4%₹25 Cr250
National Bank For Agriculture And Rural Development
Debentures | -
4%₹25 Cr250
LIC Housing Finance Limited
Debentures | -
4%₹25 Cr250
National Housing Bank
Debentures | -
4%₹25 Cr250
↑ 250

10. 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 2022 was 4.1% , 2021 was 3% and 2020 was 5.1% .

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 Feb 23) ₹2,279.82 ↑ 0.62   (0.03 %)
Net Assets (Cr) ₹806 on 31 Dec 22
Category Debt - Ultrashort Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 0.89
Sharpe Ratio -2.01
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.96%
Effective Maturity 3 Months 18 Days
Modified Duration 3 Months 11 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 18₹10,000
31 Jan 19₹10,753
31 Jan 20₹11,547
31 Jan 21₹12,095
31 Jan 22₹12,479
31 Jan 23₹13,018

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 Feb 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 2.7%
1 Year 4.4%
3 Year 4.1%
5 Year 5.4%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 6.1%
Fund Manager information for Invesco India Ultra Short Term Fund
NameSinceTenure
Krishna Cheemalapati4 Jan 202.99 Yr.
Vikas Garg27 Jul 211.43 Yr.

Data below for Invesco India Ultra Short Term Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash76.24%
Debt23.76%
Debt Sector Allocation
SectorValue
Cash Equivalent42.9%
Corporate35.44%
Government21.66%
Credit Quality
RatingValue
AA17.65%
AAA82.35%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Ltd
Debentures | -
5%₹50 Cr5,000,000
↑ 5,000,000
182 DTB 15062023
Sovereign Bonds | -
5%₹49 Cr5,000,000
7.16% Govt Stock 2023
Sovereign Bonds | -
3%₹25 Cr2,500,000
Hdb Financial Services Limited
Debentures | -
3%₹25 Cr2,500,000
Mahindra And Mahindra Limited
Debentures | -
3%₹25 Cr2,500,000
91 DTB 09022023
Sovereign Bonds | -
3%₹25 Cr2,500,000
Muthoot Finance Limited
Debentures | -
3%₹25 Cr2,500,000
Nuclear Power Corporation Of India Limited
Debentures | -
2%₹20 Cr2,000,000
Sikka Ports & Terminals Limited
Debentures | -
2%₹20 Cr2,000,000
Bharti Telecom Limited
Debentures | -
2%₹17 Cr1,700,000

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.
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