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Recurring Deposit Vs Fixed Deposit: Which is Better?

Updated on March 21, 2023 , 6889 views

Recurring deposit Vs Fixed Deposit? Thinking where to save your money? Well, many times, investors get confused whether to invest in a Recurring Deposit (RD) or a Fixed Deposit (FD). Though they are the most popular saving schemes, especially amongst risk-averse investors, it is important to understand how RD and FD differ from each other and which is a better Investing option.

Recurring Deposit (RD)

RD is a Financial Instrument mainly directed towards encouraging savings. In this scheme, investors have the flexibility to save a specific sum every month either in a Bank’s or financial institution’s RD account for a predetermined tenure and earn interest on this amount. At maturity, interest is paid out along with the principal amount.

Fixed Deposit (FD)

Fixed deposits are a type of financial instruments provided by banks for a fixed predefined tenure and a Fixed Rate of Interest. In this scheme, a fixed sum is deposited once at the time of creating an FD account. At the end of the tenure, the interest amount for the chosen tenure is calculated with the principal amount and the total sum is paid out cumulatively.

Recurring Deposit VS Fixed Deposit

Parameters Recurring Deposit (RD) Fixed Deposit (FD)
Tenure Tenure of RD usually varies from 6 months to 10 years Tenure of FD scheme ranges between 7 days to 10 years
Interest Calculations compounding of interest generally occurs on every quarter for an RD scheme In FD, compound interest is calculated on the interest accrued every year
Eligibility All resident Indians and Hindu Undivided Families (HUFs) are eligible to open RD account. This account can also be opened for minors by their parents or legal guardians All resident Indians and Hindu Undivided Families (HUFs) are eligible to open a fixed deposit account
Tax Benefits No tax benefit is offered in this scheme For Fixed Deposit, a tax exemption under the Section 80C of income tax Act 1961 is applicable. This is applicable for deposits over 5 years (as per current laws)
Rate of Return The interest rate is same as FD but usually, depends on tenure and monthly investment amount The interest rate is same as RD but depends on the Capital and tenure opted for
Additional Benefits Most banks offer loans for up to 90% of the deposit value Most banks offer loans for up to 70%- 90% of the deposit value.
Withdrawals In some case, premature withdrawal is allowed without a penalty. While some banks may charge a penalty Premature withdrawal is allowed with a penalty
Income Interest Interest earned on RD is taxable and most banks deduct TDS Interest earned on FD is taxable and most of the banks deduct TDS

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FD-Vs-RD

Recurring Deposit VS Fixed Deposit: Where to Earn More?

Since both RD and FD are suitable for risk-averse investors, the final choice depends on one’s needs. In an FD account, interest is compounded on the initial lump sum deposited. The entire deposited amount earns interest for a year. However, in a RD, only the 1st deposit earns interest for the first year, i.e. 12 months. The second deposit earns interest for 11 months, the third for 10 months, and so on. The compounding effect enables Fixed Deposits to generate higher returns for the investors.

Though in time, one can earn more money with a Fixed Deposit (example illustrated below), but it does not have the flexibility of a Recurring Deposit account in terms of being able to deposit small amounts monthly. So, those who don’t have a lump sum to invest can prefer monthly investments.

For better understanding, we have illustrated the difference in both the schemes. Users can hence clearly understand and choose well.

Illustration:

Lets’ assume you invest INR 1000 (monthly for a year) in a Recurring Deposit and you have invested lump sum INR 12,000 in a Fixed Deposit at the start of the year. Both these products offer you a 9 percent interest compounded quarterly. So, the Earnings from these two schemes is as given below-

Particulars Recurring Deposit (RD) Fixed Deposit (FD)
Amount Invested INR 5,000 (monthly) INR 60,000 (lump sum)
Tenure 12 months 12 months
Annual Interest Rates 6% 6%
Total Amount Earned INR 61,986 INR 63,701
Net Profit INR 1,986 INR 3,701

Now when you know the major difference between RD and FD, you can choose one and invest wisely. Though FD gives a better growth comparatively to RD, most of the time, it is not feasible for a single instrument to meet all your needs. So, when you don’t have a lump sum to invest, you can save a smaller amount from your income every month and invest in a Recurring Deposit!

Other Alternatives

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 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 (23 Mar 23) ₹463.053 ↑ 0.21   (0.05 %)
Net Assets (Cr) ₹14,457 on 28 Feb 23
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.49
Sharpe Ratio -0.81
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.83%
Effective Maturity 6 Months
Modified Duration 5 Months 19 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,805
29 Feb 20₹11,689
28 Feb 21₹12,420
28 Feb 22₹12,946
28 Feb 23₹13,609

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 23 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3.2%
1 Year 5.3%
3 Year 5.7%
5 Year 6.3%
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 148.64 Yr.
Kaustubh Gupta15 Jul 1111.56 Yr.
Monika Gandhi22 Mar 211.87 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash64.26%
Debt35.74%
Debt Sector Allocation
SectorValue
Corporate45.34%
Cash Equivalent37.84%
Government16.81%
Credit Quality
RatingValue
AA20.74%
AAA79.26%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Ltd
Debentures | -
4%₹597 Cr6,000
182 DTB 29062023
Sovereign Bonds | -
3%₹415 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%₹250 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%₹235 Cr23,500,000
08.39 RJ UDAY 2023
Domestic Bonds | -
1%₹215 Cr21,477,000

2. Nippon India Ultra Short Duration Fund

(Erstwhile Reliance Liquid Fund - Cash Plan)

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

Nippon India Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 7 Dec 01. It is a fund with Low risk and has given a CAGR/Annualized return of 6% since its launch.  Ranked 62 in Ultrashort Bond category.  Return for 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 (23 Mar 23) ₹3,443.79 ↑ 1.72   (0.05 %)
Net Assets (Cr) ₹5,115 on 28 Feb 23
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.12
Sharpe Ratio -1.62
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.83%
Effective Maturity 4 Months 28 Days
Modified Duration 4 Months 16 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,769
29 Feb 20₹10,866
28 Feb 21₹11,306
28 Feb 22₹12,202
28 Feb 23₹12,799

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 23 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3%
1 Year 5.1%
3 Year 6.2%
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 139.34 Yr.
Kinjal Desai25 May 184.69 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash74.21%
Debt25.79%
Debt Sector Allocation
SectorValue
Corporate41.39%
Cash Equivalent40.01%
Government18.59%
Credit Quality
RatingValue
AA22.72%
AAA77.28%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 10082023
Sovereign Bonds | -
4%₹193 Cr20,000,000
↑ 20,000,000
The Tata Power Company Limited
Debentures | -
3%₹165 Cr1,650
Tata Realty And Infrastructure Limited
Debentures | -
3%₹149 Cr1,500
National Housing Bank
Debentures | -
2%₹124 Cr1,250
Reliance Industries Limited
Debentures | -
2%₹101 Cr1,000
08.39 RJ UDAY 2024
Domestic Bonds | -
2%₹101 Cr10,000,000
Shriram Housing Finance Limited
Debentures | -
2%₹101 Cr1,000
182 DTB 22062023
Sovereign Bonds | -
2%₹98 Cr10,000,000
Shriram Finance Limited
Debentures | -
2%₹90 Cr900
Nabha Power Limited
Debentures | -
1%₹75 Cr750

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 (23 Mar 23) ₹23.5581 ↑ 0.01   (0.05 %)
Net Assets (Cr) ₹12,447 on 28 Feb 23
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.93
Sharpe Ratio -1.8
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 7.81%
Effective Maturity 5 Months 23 Days
Modified Duration 4 Months 28 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,774
29 Feb 20₹11,678
28 Feb 21₹12,359
28 Feb 22₹12,860
28 Feb 23₹13,494

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 23 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3.1%
1 Year 5.2%
3 Year 5.4%
5 Year 6.1%
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 166.22 Yr.
Ritesh Lunawat15 Jun 175.64 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash67.64%
Debt32.36%
Debt Sector Allocation
SectorValue
Cash Equivalent40.32%
Corporate37.84%
Government21.84%
Credit Quality
RatingValue
AA18.7%
AAA81.3%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 29062023
Sovereign Bonds | -
5%₹683 Cr70,000,000
National Bank For Agriculture And Rural Development
Debentures | -
4%₹574 Cr5,750
182 DTB 06072023
Sovereign Bonds | -
3%₹463 Cr47,500,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹310 Cr3,100
Embassy Office Parks Reit
Debentures | -
2%₹271 Cr2,750
Shriram Finance Limited
Debentures | -
2%₹200 Cr2,000
Tata Housing Development Company Limited
Debentures | -
2%₹200 Cr20,000
Ongc Petro Additions Limited
Debentures | -
1%₹190 Cr1,900
Mahindra Rural Housing Finance Limited
Debentures | -
1%₹150 Cr1,500
Embassy Office Parks Reit
Debentures | -
1%₹149 Cr1,500

4. DSP BlackRock Money Manager Fund

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

DSP BlackRock Money Manager Fund is a Debt - Ultrashort Bond fund was launched on 31 Jul 06. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.6% 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 (23 Mar 23) ₹2,917.7 ↑ 1.44   (0.05 %)
Net Assets (Cr) ₹2,737 on 28 Feb 23
Category Debt - Ultrashort Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.69
Sharpe Ratio -2.64
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.71%
Effective Maturity 4 Months 10 Days
Modified Duration 3 Months 29 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,527
29 Feb 20₹11,256
28 Feb 21₹11,731
28 Feb 22₹12,089
28 Feb 23₹12,632

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 23 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.5%
6 Month 3%
1 Year 4.7%
3 Year 4.3%
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 166.55 Yr.
Karan Mundhra31 May 211.67 Yr.

Data below for DSP BlackRock Money Manager Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash87.6%
Debt12.4%
Debt Sector Allocation
SectorValue
Cash Equivalent46.03%
Corporate36.99%
Government16.98%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.16 5/20/2023 12:00:00 Am
Sovereign Bonds | -
6%₹153 Cr15,000,000
182 DTB 06072023
Sovereign Bonds | -
3%₹73 Cr7,500,000
364 Dtb 16022023
Sovereign Bonds | -
2%₹50 Cr5,000,000
Union Bank of India
Domestic Bonds | -
2%₹46 Cr1,000
↑ 1,000
Bharti Airtel Limited
Debentures | -
2%₹44 Cr420
↑ 420
Sikka Ports & Terminals Limited
Debentures | -
1%₹26 Cr250
364 Dtb 02032023
Sovereign Bonds | -
1%₹25 Cr2,500,000
182 DTB 2023
Sovereign Bonds | -
1%₹25 Cr2,500,000
National Bank for Agriculture and Rural Development
Domestic Bonds | -
1%₹23 Cr500
↑ 500
Goi 12.04.2023 Gov
Sovereign Bonds | -
1%₹20 Cr1,970,500

5. 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 (23 Mar 23) ₹36.6156 ↑ 0.02   (0.05 %)
Net Assets (Cr) ₹12,325 on 28 Feb 23
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.44
Sharpe Ratio -1.66
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.69%
Effective Maturity 6 Months 18 Days
Modified Duration 4 Months 20 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,779
29 Feb 20₹11,586
28 Feb 21₹12,192
28 Feb 22₹12,609
28 Feb 23₹13,221

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 23 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3.1%
1 Year 5.1%
3 Year 4.9%
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 0814.81 Yr.
Vihag Mishra30 Apr 220.76 Yr.
Manu Sharma1 Nov 220.25 Yr.

Data below for Kotak Savings Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash66.51%
Debt33.49%
Debt Sector Allocation
SectorValue
Corporate45.38%
Cash Equivalent28.35%
Government26.27%
Credit Quality
RatingValue
AA11.66%
AAA88.34%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 16032023
Sovereign Bonds | -
4%₹498 Cr50,000,000
182 DTB 01062023
Sovereign Bonds | -
4%₹490 Cr50,000,000
182 DTB 09032023
Sovereign Bonds | -
4%₹438 Cr44,000,000
Mahindra & Mahindra Financial Services Ltd
Debentures | -
3%₹348 Cr3,500
7.16 5/20/2023 12:00:00 Am
Sovereign Bonds | -
2%₹250 Cr25,000,000
Shriram Finance Limited
Debentures | -
2%₹247 Cr2,450
Federal Bank
Debentures | -
2%₹232 Cr25,000
↑ 25,000
The Tata Power Company Limited
Debentures | -
2%₹200 Cr2,000
364 Dtb 15062023
Sovereign Bonds | -
2%₹196 Cr20,000,000
Indian Bank
Domestic Bonds | -
2%₹186 Cr20,000
↑ 20,000

6. 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% 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 (23 Mar 23) ₹2,299.77 ↑ 1.09   (0.05 %)
Net Assets (Cr) ₹818 on 28 Feb 23
Category Debt - Ultrashort Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 0.89
Sharpe Ratio -2.32
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 5 Months 5 Days
Modified Duration 4 Months 21 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,760
29 Feb 20₹11,538
28 Feb 21₹12,070
28 Feb 22₹12,455
28 Feb 23₹13,014

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 23 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.5%
6 Month 3%
1 Year 4.8%
3 Year 4.5%
5 Year 5.4%
10 Year
15 Year
Since launch 7%
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 203.08 Yr.
Vikas Garg27 Jul 211.52 Yr.

Data below for Invesco India Ultra Short Term Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash58.98%
Debt41.02%
Debt Sector Allocation
SectorValue
Corporate41.28%
Cash Equivalent31.99%
Government26.73%
Credit Quality
RatingValue
AA17.23%
AAA82.77%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Ltd
Debentures | -
6%₹50 Cr5,000,000
182 DTB 08062023
Sovereign Bonds | -
6%₹49 Cr5,000,000
182 DTB 15062023
Sovereign Bonds | -
6%₹49 Cr5,000,000
7.16 5/20/2023 12:00:00 Am
Sovereign Bonds | -
3%₹25 Cr2,500,000
Muthoot Finance Limited
Debentures | -
3%₹25 Cr2,500,000
Bajaj Finance Limited
Debentures | -
3%₹25 Cr2,500,000
Power Finance Corporation Ltd.
Debentures | -
3%₹25 Cr2,500,000
Rec Limited
Debentures | -
3%₹25 Cr2,500,000
↑ 2,500,000
Bharti Hexacom Limited
Debentures | -
3%₹24 Cr2,500,000
Sikka Ports & Terminals Limited
Debentures | -
2%₹20 Cr2,000,000

7. 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 (23 Mar 23) ₹3,272.5 ↑ 1.55   (0.05 %)
Net Assets (Cr) ₹565 on 28 Feb 23
Category Debt - Ultrashort Bond
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Low
Expense Ratio 0.95
Sharpe Ratio -3.21
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 4 Months 6 Days
Modified Duration 3 Months 27 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,630
29 Feb 20₹11,302
28 Feb 21₹11,756
28 Feb 22₹12,080
28 Feb 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 23 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.5%
6 Month 2.9%
1 Year 4.6%
3 Year 3.9%
5 Year 4.8%
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 1111.82 Yr.
Avnish Jain1 Apr 220.84 Yr.

Data below for Canara Robeco Ultra Short Term Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash83.23%
Debt16.77%
Debt Sector Allocation
SectorValue
Cash Equivalent52.65%
Corporate26.55%
Government20.8%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
364 DTB 11012024
Sovereign Bonds | -
8%₹48 Cr5,079,500
Larsen And Toubro Limited
Debentures | -
6%₹35 Cr350
Ntpc Limited
Debentures | -
5%₹30 Cr300
Reliance Industries Limited
Debentures | -
4%₹25 Cr250
Power Finance Corporation Ltd.
Debentures | -
4%₹25 Cr250
Rec Limited
Debentures | -
4%₹25 Cr250
LIC Housing Finance Limited
Debentures | -
4%₹25 Cr250
National Bank For Agriculture And Rural Development
Debentures | -
4%₹25 Cr250
National Housing Bank
Debentures | -
4%₹25 Cr250
08.21 RJ UDAY 2023
Domestic Bonds | -
3%₹20 Cr2,000,000

8. 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% 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 (23 Mar 23) ₹5,083.87 ↑ 2.43   (0.05 %)
Net Assets (Cr) ₹8,908 on 28 Feb 23
Category Debt - Ultrashort Bond
AMC SBI Funds Management Private Limited
Rating
Risk Low
Expense Ratio 0.49
Sharpe Ratio -1.4
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.53%
Effective Maturity 5 Months 23 Days
Modified Duration 5 Months 5 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,819
29 Feb 20₹11,644
28 Feb 21₹12,263
28 Feb 22₹12,699
28 Feb 23₹13,312

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 23 Mar 23

DurationReturns
1 Month 0.6%
3 Month 1.6%
6 Month 3.1%
1 Year 5.1%
3 Year 4.9%
5 Year 5.9%
10 Year
15 Year
Since launch 7%
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 175.18 Yr.
Arun R.1 Jul 211.59 Yr.

Data below for SBI Magnum Ultra Short Duration Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash81.17%
Debt18.83%
Debt Sector Allocation
SectorValue
Cash Equivalent49.68%
Corporate33.09%
Government17.23%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 18052023
Sovereign Bonds | -
5%₹492 Cr50,000,000
↑ 50,000,000
7.37 4/16/2023 12:00:00 Am
Sovereign Bonds | -
5%₹411 Cr41,000,000
91 DTB 20042023
Sovereign Bonds | -
3%₹297 Cr30,000,000
7.10% Govt Stock 2029
Sovereign Bonds | -
3%₹250 Cr25,000,000
182 DTB 30032023
Sovereign Bonds | -
3%₹224 Cr22,550,400
91 DTB 16022023
Sovereign Bonds | -
2%₹200 Cr20,000,000
7.16 5/20/2023 12:00:00 Am
Sovereign Bonds | -
2%₹150 Cr15,000,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹149 Cr1,500
↑ 1,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹149 Cr1,500
Rec Limited
Debentures | -
1%₹125 Cr1,250

9. 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 (23 Mar 23) ₹3,625.09 ↑ 1.89   (0.05 %)
Net Assets (Cr) ₹2,131 on 28 Feb 23
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.95
Sharpe Ratio -2.11
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.51%
Effective Maturity 4 Months 30 Days
Modified Duration 4 Months 25 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,720
29 Feb 20₹11,018
28 Feb 21₹11,584
28 Feb 22₹12,297
28 Feb 23₹12,867

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 23 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3%
1 Year 4.9%
3 Year 5.6%
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 157.59 Yr.

Data below for UTI Ultra Short Term Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash79.74%
Debt20.26%
Debt Sector Allocation
SectorValue
Corporate51.97%
Cash Equivalent37.58%
Government10.45%
Credit Quality
RatingValue
AA14.94%
AAA85.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharti Telecom Limited
Debentures | -
3%₹59 Cr600
National Bank For Agriculture And Rural Development
Debentures | -
2%₹50 Cr500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹50 Cr500
Indian Railway Finance Corporation Limited
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
Shriram Finance Limited
Debentures | -
2%₹42 Cr420
Bharti Airtel Limited
Debentures | -
2%₹35 Cr350
Mahindra & Mahindra Financial Services Ltd
Debentures | -
1%₹29 Cr300

10. Baroda Pioneer Liquid Fund

To generate income with a high level of liquidity by investing in a portfolio of money market and debt securities.

Baroda Pioneer Liquid Fund is a Debt - Liquid Fund fund was launched on 5 Feb 09. It is a fund with Low risk and has given a CAGR/Annualized return of 6.9% since its launch.  Ranked 22 in Liquid Fund category.  Return for 2022 was 4.9% , 2021 was 3.3% and 2020 was 4.1% .

Below is the key information for Baroda Pioneer Liquid Fund

Baroda Pioneer Liquid Fund
Growth
Launch Date 5 Feb 09
NAV (23 Mar 23) ₹2,565.53 ↑ 0.56   (0.02 %)
Net Assets (Cr) ₹6,686 on 28 Feb 23
Category Debt - Liquid Fund
AMC Baroda Pioneer Asset Management Co. Ltd.
Rating
Risk Low
Expense Ratio 0.25
Sharpe Ratio -0.73
Information Ratio -2.09
Alpha Ratio -0.14
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.47%
Effective Maturity 1 Month 13 Days
Modified Duration 1 Month 9 Days

Growth of 10,000 investment over the years.

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,756
29 Feb 20₹11,433
28 Feb 21₹11,864
28 Feb 22₹12,267
28 Feb 23₹12,927

Baroda Pioneer Liquid 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 Baroda Pioneer Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Mar 23

DurationReturns
1 Month 0.5%
3 Month 1.7%
6 Month 3.3%
1 Year 5.6%
3 Year 4.3%
5 Year 5.3%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2022 4.9%
2021 3.3%
2020 4.1%
2019 6.6%
2018 7.5%
2017 6.7%
2016 7.8%
2015 8.4%
2014 9.1%
2013 9.2%
Fund Manager information for Baroda Pioneer Liquid Fund
NameSinceTenure
Mayank Prakash21 Oct 220.28 Yr.
Vikram Pamnani14 Mar 220.89 Yr.

Data below for Baroda Pioneer Liquid Fund as on 28 Feb 23

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Cash Equivalent76.06%
Corporate16.87%
Government7.07%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps 16-Feb-2023
CBLO/Reverse Repo | -
33%₹2,647 Cr
Net Receivable / Payable
CBLO | -
5%-₹399 Cr
Indian Railway Finance Corporation Limited
Debentures | -
4%₹348 Cr3,500
↑ 3,500
National Bank For Agriculture And Rural Development
Commercial Paper | -
3%₹247 Cr5,000
Axis Bank Limited
Certificate of Deposit | -
3%₹247 Cr5,000
LIC Housing Finance Limited
Commercial Paper | -
3%₹246 Cr5,000
Tata Capital Financial Services Limited
Commercial Paper | -
3%₹246 Cr5,000
↑ 5,000
Reliance Jio Infocomm Ltd.
Commercial Paper | -
3%₹246 Cr5,000
↑ 5,000
Reliance Retail Ventures Limited
Commercial Paper | -
3%₹245 Cr5,000
↑ 5,000
Canara Bank
Certificate of Deposit | -
3%₹227 Cr4,600
↑ 4,600

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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