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What is a Recurring Deposit (RD)?

Updated on July 15, 2024 , 58114 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. 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 (16 Jul 24) ₹509.539 ↑ 0.08   (0.02 %)
Net Assets (Cr) ₹13,580 on 31 May 24
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.52
Sharpe Ratio 1.47
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.88%
Effective Maturity 7 Months 13 Days
Modified Duration 5 Months 16 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,829
30 Jun 21₹11,353
30 Jun 22₹11,789
30 Jun 23₹12,562
30 Jun 24₹13,498

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 16 Jul 24

DurationReturns
1 Month 0.7%
3 Month 1.7%
6 Month 3.9%
1 Year 7.5%
3 Year 6%
5 Year 6.1%
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 149.95 Yr.
Kaustubh Gupta15 Jul 1112.89 Yr.
Monika Gandhi22 Mar 213.19 Yr.
Dhaval Joshi21 Nov 221.53 Yr.

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

Asset Allocation
Asset ClassValue
Cash45.07%
Debt54.64%
Other0.29%
Debt Sector Allocation
SectorValue
Corporate61.45%
Cash Equivalent24.26%
Government13.88%
Securitized0.11%
Credit Quality
RatingValue
AA24.72%
AAA75.28%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Limited
Debentures | -
4%₹598 Cr6,000
Nirma Limited
Debentures | -
4%₹499 Cr50,000
National Housing Bank 7.78%
Debentures | -
3%₹400 Cr40,000
Tata Realty And Infrastructure Limited
Debentures | -
3%₹360 Cr36,000
Bharti Telecom Limited
Debentures | -
2%₹325 Cr3,250
Bajaj Housing Finance Ltd. 8%
Debentures | -
2%₹300 Cr30,000
Nirma Limited 8.3%
Debentures | -
2%₹250 Cr25,000
Cholamandalam Investment And Finance Company Limited
Debentures | -
2%₹249 Cr2,500
91 DTB 25072024
Sovereign Bonds | -
2%₹248 Cr25,000,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹245 Cr2,500

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 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 (16 Jul 24) ₹3,767.27 ↑ 0.65   (0.02 %)
Net Assets (Cr) ₹6,323 on 31 May 24
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.17
Sharpe Ratio -0.92
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.85%
Effective Maturity 6 Months 15 Days
Modified Duration 5 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,195
30 Jun 21₹10,769
30 Jun 22₹11,448
30 Jun 23₹12,156
30 Jun 24₹12,996

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 16 Jul 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.6%
1 Year 7%
3 Year 5.7%
5 Year 5.3%
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 1310.67 Yr.
Kinjal Desai25 May 186.02 Yr.
Akshay Sharma1 Dec 221.5 Yr.

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

Asset Allocation
Asset ClassValue
Cash57.28%
Debt42.51%
Other0.22%
Debt Sector Allocation
SectorValue
Corporate63.89%
Cash Equivalent24.76%
Government10.52%
Securitized0.61%
Credit Quality
RatingValue
AA16.34%
AAA83.66%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
8%₹492 Cr50,000,000
Power Finance Corporation Limited
Debentures | -
4%₹266 Cr2,650
Dlf Cyber City Developers Ltd
Debentures | -
4%₹258 Cr2,590
↑ 1,200
Indinfravit Trust
Debentures | -
3%₹215 Cr22,000
182 DTB 22082024
Sovereign Bonds | -
3%₹193 Cr19,500,000
Rec Limited
Debentures | -
3%₹180 Cr1,850
↑ 500
India (Republic of)
- | -
2%₹103 Cr10,500,000
Shriram Finance Limited
Debentures | -
2%₹100 Cr1,000
National Housing Bank
Debentures | -
2%₹100 Cr10,000
PNb Housing Finance Limited
Debentures | -
2%₹100 Cr10,000

3. 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 (16 Jul 24) ₹40.0841 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹12,841 on 31 May 24
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.47
Sharpe Ratio -0.59
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.73%
Effective Maturity 7 Months 24 Days
Modified Duration 6 Months

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,750
30 Jun 21₹11,148
30 Jun 22₹11,525
30 Jun 23₹12,247
30 Jun 24₹13,097

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 16 Jul 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.6%
1 Year 7%
3 Year 5.6%
5 Year 5.5%
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 0816.14 Yr.
Manu Sharma1 Nov 221.58 Yr.
Palha Khanna3 Jul 230.91 Yr.

Data below for Kotak Savings Fund as on 31 May 24

Asset Allocation
Asset ClassValue
Cash59.38%
Debt40.41%
Other0.21%
Debt Sector Allocation
SectorValue
Corporate54.02%
Cash Equivalent26.36%
Government19.42%
Credit Quality
RatingValue
AA9.4%
AAA90.6%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
7%₹1,000 Cr101,500,010
↑ 41,500,000
182 DTB 12122024
Sovereign Bonds | -
3%₹483 Cr50,000,000
↑ 50,000,000
Rural Electrification Corporation Limited
Debentures | -
3%₹459 Cr4,600
India (Republic of)
- | -
3%₹394 Cr40,000,000
India (Republic of)
- | -
3%₹383 Cr40,000,000
Mahindra And Mahindra Financial Services Limited
Debentures | -
2%₹350 Cr3,500
182 DTB 22082024
Sovereign Bonds | -
2%₹296 Cr30,000,000
LIC Housing Finance Ltd
Debentures | -
2%₹296 Cr3,000
Nirma Limited 0.083%
Debentures | -
2%₹250 Cr25,000
182 DTB 29082024
Sovereign Bonds | -
2%₹247 Cr25,000,000

4. 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 (16 Jul 24) ₹3,965.01 ↑ 0.64   (0.02 %)
Net Assets (Cr) ₹2,515 on 31 May 24
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.95
Sharpe Ratio -0.98
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.71%
Effective Maturity 5 Months 21 Days
Modified Duration 5 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,654
30 Jun 21₹11,076
30 Jun 22₹11,740
30 Jun 23₹12,458
30 Jun 24₹13,319

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 16 Jul 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.6%
1 Year 7%
3 Year 6.4%
5 Year 5.9%
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 158.92 Yr.

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

Asset Allocation
Asset ClassValue
Cash58.92%
Debt40.88%
Other0.2%
Debt Sector Allocation
SectorValue
Corporate50.22%
Cash Equivalent41.76%
Government7.82%
Credit Quality
RatingValue
AA26.12%
AAA73.88%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Ntpc Limited
Debentures | -
4%₹100 Cr1,000
↑ 1,000
91 DTB 15082024
Sovereign Bonds | -
4%₹99 Cr1,000,000,000
↑ 1,000,000,000
Ongc Petro Additions Limited
Debentures | -
3%₹75 Cr7,500
Shriram Finance Limited
Debentures | -
3%₹70 Cr700
LIC Housing Finance Ltd
Debentures | -
2%₹50 Cr500
Bharti Telecom Limited
Debentures | -
2%₹50 Cr500
Can Fin Homes Limited
Debentures | -
2%₹49 Cr500
↑ 500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹49 Cr500
ICICI Bank Ltd.
Debentures | -
2%₹48 Cr500,000,000
Indian Bank
Domestic Bonds | -
2%₹47 Cr500,000,000
↑ 500,000,000

5. 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 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 (16 Jul 24) ₹25.8493 ↑ 0.00   (0.02 %)
Net Assets (Cr) ₹12,302 on 15 May 24
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.86
Sharpe Ratio 0.35
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 7.7%
Effective Maturity 5 Months 26 Days
Modified Duration 5 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,786
30 Jun 21₹11,328
30 Jun 22₹11,744
30 Jun 23₹12,494
30 Jun 24₹13,387

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 ₹197,169.
Net Profit of ₹17,169
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 16 Jul 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.8%
1 Year 7.2%
3 Year 5.8%
5 Year 6%
10 Year
15 Year
Since launch 7.5%
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 167.55 Yr.
Ritesh Lunawat15 Jun 176.96 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 15 May 24

Asset Allocation
Asset ClassValue
Cash60.4%
Debt39.33%
Other0.27%
Debt Sector Allocation
SectorValue
Corporate49.98%
Cash Equivalent39.07%
Government10.69%
Credit Quality
RatingValue
AA14.19%
AAA85.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
3%₹383 Cr40,000,000
364 DTB 13032025
Sovereign Bonds | -
3%₹380 Cr40,000,000
↑ 40,000,000
Bharti Telecom Limited
Debentures | -
3%₹340 Cr34,000
India (Republic of)
- | -
2%₹290 Cr30,000,000
HDFC Bank Ltd.
Debentures | -
2%₹285 Cr6,000
Indusind Bank Ltd.
Debentures | -
2%₹239 Cr5,000
Bank of India
Debentures | -
2%₹238 Cr5,000
↑ 5,000
Indusind Bank Ltd.
Debentures | -
2%₹214 Cr4,500
182 DTB 25072024
Sovereign Bonds | -
2%₹199 Cr20,000,000
182 DTB 18102024
Sovereign Bonds | -
2%₹195 Cr20,000,000

6. 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 (16 Jul 24) ₹3,186.4 ↑ 0.52   (0.02 %)
Net Assets (Cr) ₹2,684 on 31 May 24
Category Debt - Ultrashort Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.02
Sharpe Ratio -1.37
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.59%
Effective Maturity 5 Months 23 Days
Modified Duration 5 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,660
30 Jun 21₹10,991
30 Jun 22₹11,318
30 Jun 23₹11,986
30 Jun 24₹12,808

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 16 Jul 24

DurationReturns
1 Month 0.6%
3 Month 1.6%
6 Month 3.5%
1 Year 6.9%
3 Year 5.3%
5 Year 5%
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 167.88 Yr.
Karan Mundhra31 May 213 Yr.

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

Asset Allocation
Asset ClassValue
Cash74.01%
Debt25.74%
Other0.25%
Debt Sector Allocation
SectorValue
Corporate62.02%
Cash Equivalent33.03%
Government4.7%
Credit Quality
RatingValue
AA2.97%
AAA97.03%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Kotak Mahindra Bank Ltd.
Debentures | -
4%₹98 Cr2,000
182 DTB 25072024
Sovereign Bonds | -
3%₹74 Cr7,500,000
Bank of Baroda
Debentures | -
3%₹71 Cr1,500
Kisetsu Saison Finance (India) Pvt Ltd.
Debentures | -
2%₹50 Cr1,000
182 DTB 18072024
Sovereign Bonds | -
2%₹50 Cr5,000,000
Equitas Small Finance Bank Ltd.
Debentures | -
2%₹49 Cr1,000
↑ 1,000
182 DTB 14112024
Sovereign Bonds | -
2%₹49 Cr5,000,000
↑ 5,000,000
Punjab National Bank
Domestic Bonds | -
2%₹48 Cr1,000
LIC Housing Finance Ltd
Debentures | -
2%₹48 Cr450
IDFC First Bank Ltd.
Debentures | -
2%₹47 Cr1,000

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 (16 Jul 24) ₹5,577.59 ↑ 1.21   (0.02 %)
Net Assets (Cr) ₹10,548 on 31 May 24
Category Debt - Ultrashort Bond
AMC SBI Funds Management Private Limited
Rating
Risk Low
Expense Ratio 0.49
Sharpe Ratio 0.37
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.54%
Effective Maturity 5 Months 26 Days
Modified Duration 5 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,769
30 Jun 21₹11,178
30 Jun 22₹11,554
30 Jun 23₹12,291
30 Jun 24₹13,174

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 16 Jul 24

DurationReturns
1 Month 0.7%
3 Month 1.7%
6 Month 3.7%
1 Year 7.2%
3 Year 5.7%
5 Year 5.6%
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 213 Yr.
Ardhendu Bhattacharya1 Dec 230.5 Yr.
Pradeep Kesavan1 Dec 230.5 Yr.

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

Asset Allocation
Asset ClassValue
Cash67.82%
Debt31.92%
Other0.26%
Debt Sector Allocation
SectorValue
Corporate58.81%
Cash Equivalent38.65%
Government2.28%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 02082024
Sovereign Bonds | -
7%₹793 Cr80,000,000
↑ 80,000,000
182 DTB 11072024
Sovereign Bonds | -
4%₹448 Cr45,000,000
Panatone Finvest Ltd
Debentures | -
3%₹286 Cr6,000
Power Finance Corporation Limited
Debentures | -
3%₹284 Cr2,850
Kotak Mahindra Bank Ltd.
Debentures | -
3%₹270 Cr5,500
182 DTB 25072024
Sovereign Bonds | -
2%₹248 Cr25,000,000
LIC Housing Finance Ltd
Debentures | -
2%₹248 Cr2,500
RBL Bank Ltd.
Debentures | -
2%₹241 Cr5,000
Equitas Small Finance Bank Ltd.
Debentures | -
2%₹241 Cr5,000
Tata Capital Housing Finance Limited
Debentures | -
2%₹220 Cr2,200
↑ 500

8. 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 5.8% since its launch.  Ranked 43 in Ultrashort Bond category.  Return for 2023 was 6.1% , 2022 was 3.7% and 2021 was 2.7% .

Below is the key information for Principal Ultra Short Term Fund

Principal Ultra Short Term Fund
Growth
Launch Date 28 Dec 07
NAV (16 Jul 24) ₹2,528.86 ↑ 0.42   (0.02 %)
Net Assets (Cr) ₹2,018 on 31 May 24
Category Debt - Ultrashort Bond
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.39
Sharpe Ratio -5.67
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 2,000
Exit Load NIL
Yield to Maturity 7.49%
Effective Maturity 6 Months 4 Days
Modified Duration 5 Months 26 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,560
30 Jun 21₹10,857
30 Jun 22₹11,146
30 Jun 23₹11,761
30 Jun 24₹12,487

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 ₹194,235.
Net Profit of ₹14,235
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 16 Jul 24

DurationReturns
1 Month 0.6%
3 Month 1.5%
6 Month 3.2%
1 Year 6.3%
3 Year 4.8%
5 Year 4.5%
10 Year
15 Year
Since launch 5.8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Dwijendra Srivastava16 May 222.04 Yr.
Sandeep Agarwal1 Jan 222.41 Yr.

Data below for Principal Ultra Short Term Fund as on 31 May 24

Asset Allocation
Asset ClassValue
Cash72.01%
Debt27.76%
Other0.23%
Debt Sector Allocation
SectorValue
Corporate63.67%
Cash Equivalent27.37%
Government8.73%
Credit Quality
RatingValue
AA5.17%
AAA94.83%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
4%₹73 Cr7,500,000
↓ -2,500,000
Bharti Telecom Limited
Debentures | -
2%₹50 Cr5,000
Canara Bank
Domestic Bonds | -
2%₹50 Cr1,000
182 DTB 26102024
Sovereign Bonds | -
2%₹49 Cr5,000,000
India (Republic of)
- | -
2%₹49 Cr5,000,000
India (Republic of)
- | -
2%₹49 Cr5,000,000
Bank of Baroda
Debentures | -
2%₹48 Cr1,000
↑ 1,000
Punjab National Bank
Domestic Bonds | -
2%₹48 Cr1,000
Union Bank of India
Domestic Bonds | -
2%₹38 Cr800
IDFC First Bank Ltd.
Debentures | -
2%₹31 Cr660

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 (16 Jul 24) ₹2,519.5 ↑ 0.35   (0.01 %)
Net Assets (Cr) ₹656 on 15 May 24
Category Debt - Ultrashort Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 0.89
Sharpe Ratio 0.03
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.45%
Effective Maturity 4 Months 24 Days
Modified Duration 4 Months 17 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,705
30 Jun 21₹11,052
30 Jun 22₹11,389
30 Jun 23₹12,071
30 Jun 24₹12,930

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 16 Jul 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.8%
1 Year 7.2%
3 Year 5.4%
5 Year 5.2%
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 204.41 Yr.
Vikas Garg27 Jul 212.85 Yr.

Data below for Invesco India Ultra Short Term Fund as on 15 May 24

Asset Allocation
Asset ClassValue
Cash58.48%
Debt41.23%
Other0.29%
Debt Sector Allocation
SectorValue
Corporate66.41%
Cash Equivalent16.95%
Government16.36%
Credit Quality
RatingValue
AA17.98%
AAA82.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
5%₹34 Cr3,500,000
Bharti Telecom Limited
Debentures | -
3%₹25 Cr2,500,000
National Housing Bank
Debentures | -
3%₹25 Cr2,500,000
↑ 1,000,000
Kotak Mahindra Bank Ltd.
Debentures | -
3%₹25 Cr2,500,000
182 DTB 28112024
Sovereign Bonds | -
3%₹24 Cr2,500,000
↑ 2,500,000
182 DTB 12122024
Sovereign Bonds | -
3%₹24 Cr2,500,000
↑ 2,500,000
HDFC Bank Ltd.
Debentures | -
3%₹24 Cr2,500,000
Indian Bank
Domestic Bonds | -
3%₹24 Cr2,500,000
LIC Housing Finance Ltd
Debentures | -
3%₹20 Cr2,000,000
PNb Housing Finance Limited
Debentures | -
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 (16 Jul 24) ₹3,561.11 ↑ 0.60   (0.02 %)
Net Assets (Cr) ₹422 on 31 May 24
Category Debt - Ultrashort Bond
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Low
Expense Ratio 0.95
Sharpe Ratio -3.7
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.39%
Effective Maturity 5 Months 15 Days
Modified Duration 5 Months 3 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,628
30 Jun 21₹10,927
30 Jun 22₹11,227
30 Jun 23₹11,877
30 Jun 24₹12,647

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 16 Jul 24

DurationReturns
1 Month 0.6%
3 Month 1.6%
6 Month 3.4%
1 Year 6.6%
3 Year 5.1%
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 1113.15 Yr.
Avnish Jain1 Apr 222.17 Yr.

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

Asset Allocation
Asset ClassValue
Cash57.2%
Debt42.42%
Other0.37%
Debt Sector Allocation
SectorValue
Corporate64.39%
Cash Equivalent28.18%
Government7.05%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Sundaram Finance Limited
Debentures | -
6%₹25 Cr250
Rural Electrification Corporation Limited
Debentures | -
6%₹25 Cr2,500
National Housing Bank
Debentures | -
6%₹25 Cr250
India (Republic of)
- | -
6%₹25 Cr2,500,000
↑ 2,500,000
Power Finance Corporation Limited
Debentures | -
6%₹25 Cr250
182 DTB 18072024
Sovereign Bonds | -
6%₹25 Cr2,500,000
↑ 2,500,000
Kotak Mahindra Prime Limited
Debentures | -
6%₹25 Cr250
Indian Oil Corporation Limited
Debentures | -
6%₹25 Cr250
LIC Housing Finance Ltd
Debentures | -
6%₹25 Cr250
364 DTB 05122024
Sovereign Bonds | -
1%₹5 Cr500,000

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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