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Recurring Deposit Vs Fixed Deposit: Which is Better?

Updated on June 15, 2024 , 9357 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 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 (14 Jun 24) ₹506.197 ↑ 0.10   (0.02 %)
Net Assets (Cr) ₹12,633 on 15 May 24
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.52
Sharpe Ratio 1.73
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 8.08%
Effective Maturity 6 Months 29 Days
Modified Duration 5 Months 16 Days

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹10,780
31 May 21₹11,375
31 May 22₹11,802
31 May 23₹12,554
31 May 24₹13,487

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 14 Jun 24

DurationReturns
1 Month 0.6%
3 Month 2%
6 Month 3.9%
1 Year 7.4%
3 Year 5.9%
5 Year 6.2%
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 149.87 Yr.
Kaustubh Gupta15 Jul 1112.8 Yr.
Monika Gandhi22 Mar 213.11 Yr.
Dhaval Joshi21 Nov 221.44 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 15 May 24

Asset Allocation
Asset ClassValue
Cash41.94%
Debt57.75%
Other0.3%
Debt Sector Allocation
SectorValue
Corporate64.97%
Cash Equivalent21.01%
Government13.6%
Securitized0.12%
Credit Quality
RatingValue
AA27.22%
AAA72.78%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Limited
Debentures | -
5%₹598 Cr6,000
Nirma Limited
Debentures | -
4%₹501 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 | -
3%₹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%₹247 Cr25,000,000
HDFC Bank Limited
Debentures | -
2%₹244 Cr2,450

2. Aditya Birla Sun Life Liquid Fund

(Erstwhile Aditya Birla Sun Life Cash Plus Fund)

An Open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.

Aditya Birla Sun Life Liquid Fund is a Debt - Liquid Fund fund was launched on 30 Mar 04. It is a fund with Low risk and has given a CAGR/Annualized return of 7% since its launch.  Ranked 15 in Liquid Fund category.  Return for 2023 was 7.1% , 2022 was 4.8% and 2021 was 3.3% .

Below is the key information for Aditya Birla Sun Life Liquid Fund

Aditya Birla Sun Life Liquid Fund
Growth
Launch Date 30 Mar 04
NAV (17 Jun 24) ₹391.645 ↑ 0.07   (0.02 %)
Net Assets (Cr) ₹46,360 on 15 May 24
Category Debt - Liquid Fund
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.33
Sharpe Ratio 1.47
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.88%
Effective Maturity 2 Months 8 Days
Modified Duration 2 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹10,591
31 May 21₹10,939
31 May 22₹11,316
31 May 23₹12,028
31 May 24₹12,900

Aditya Birla Sun Life 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 Aditya Birla Sun Life 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 14 Jun 24

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.7%
1 Year 7.3%
3 Year 5.7%
5 Year 5.2%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.1%
2022 4.8%
2021 3.3%
2020 4.3%
2019 6.7%
2018 7.4%
2017 6.7%
2016 7.7%
2015 8.4%
2014 9.2%
Fund Manager information for Aditya Birla Sun Life Liquid Fund
NameSinceTenure
Sunaina Cunha15 Jul 1112.81 Yr.
Kaustubh Gupta15 Jul 1112.81 Yr.
Sanjay Pawar1 Jul 221.84 Yr.
Dhaval Joshi21 Nov 221.44 Yr.

Data below for Aditya Birla Sun Life Liquid Fund as on 15 May 24

Asset Allocation
Asset ClassValue
Cash98.51%
Debt1.27%
Other0.22%
Debt Sector Allocation
SectorValue
Cash Equivalent81.44%
Government9.44%
Corporate8.9%
Credit Quality
RatingValue
AA0.46%
AAA99.54%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reverse Repo
CBLO/Reverse Repo | -
7%₹3,290 Cr
6.69% Govt Stock 2024
Sovereign Bonds | -
6%₹2,693 Cr269,500,000
National Bank for Agriculture and Rural Development
Commercial Paper | -
4%₹1,738 Cr35,000
National Bank for Agriculture and Rural Development
Commercial Paper | -
3%₹1,180 Cr24,000
↑ 24,000
India (Republic of)
- | -
2%₹1,042 Cr105,000,000
India (Republic of)
- | -
2%₹995 Cr100,000,000
India (Republic of)
- | -
2%₹946 Cr95,596,200
Sikka Ports & Terminals Ltd
Commercial Paper | -
2%₹799 Cr16,000
Indusind Bank Ltd.
Debentures | -
2%₹794 Cr16,000
HDFC Bank Limited
Certificate of Deposit | -
2%₹698 Cr14,000

3. 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 (14 Jun 24) ₹3,743.04 ↑ 0.71   (0.02 %)
Net Assets (Cr) ₹5,654 on 30 Apr 24
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.17
Sharpe Ratio -0.64
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.83%
Effective Maturity 6 Months 17 Days
Modified Duration 5 Months 11 Days

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹10,055
31 May 21₹10,531
31 May 22₹11,307
31 May 23₹11,989
31 May 24₹12,817

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 14 Jun 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.6%
1 Year 6.9%
3 Year 6.4%
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 1310.59 Yr.
Kinjal Desai25 May 185.94 Yr.
Akshay Sharma1 Dec 221.41 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash52.27%
Debt47.5%
Other0.24%
Debt Sector Allocation
SectorValue
Corporate55.95%
Cash Equivalent29.05%
Government14.76%
Credit Quality
RatingValue
AA18.85%
AAA81.15%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
8%₹489 Cr50,000,000
Power Finance Corporation Limited
Debentures | -
5%₹266 Cr2,650
Indinfravit Trust
Debentures | -
4%₹215 Cr22,000
Punjab National Bank
Domestic Bonds | -
3%₹199 Cr4,000
Canara Bank
Domestic Bonds | -
3%₹199 Cr4,000
182 DTB 22082024
Sovereign Bonds | -
3%₹191 Cr19,500,000
Dlf Cyber City Developers Ltd
Debentures | -
2%₹138 Cr1,390
Jamnagar Utilities & Power Private Limited
Debentures | -
2%₹125 Cr1,250
India (Republic of)
- | -
2%₹103 Cr10,500,000
Shriram Finance Limited
Debentures | -
2%₹100 Cr1,000

4. 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 (14 Jun 24) ₹25.6848 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹12,586 on 30 Apr 24
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.86
Sharpe Ratio 0.64
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
31 May 19₹10,000
31 May 20₹10,754
31 May 21₹11,353
31 May 22₹11,763
31 May 23₹12,492
31 May 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 ₹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 14 Jun 24

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.8%
1 Year 7.2%
3 Year 5.7%
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 167.46 Yr.
Ritesh Lunawat15 Jun 176.88 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash62.74%
Debt36.98%
Other0.27%
Debt Sector Allocation
SectorValue
Corporate48.23%
Cash Equivalent41.41%
Government10.09%
Credit Quality
RatingValue
AA14.91%
AAA85.09%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
3%₹381 Cr40,000,000
India (Republic of)
- | -
3%₹378 Cr40,000,000
Bharti Telecom Limited
Debentures | -
3%₹340 Cr34,000
India (Republic of)
- | -
2%₹288 Cr30,000,000
HDFC Bank Ltd.
Debentures | -
2%₹284 Cr6,000
Indusind Bank Ltd.
Debentures | -
2%₹237 Cr5,000
Indusind Bank Ltd.
Debentures | -
2%₹213 Cr4,500
Mahindra Rural Housing Finance Limited
Debentures | -
2%₹200 Cr2,000
182 DTB 25072024
Sovereign Bonds | -
2%₹197 Cr20,000,000
182 DTB 18102024
Sovereign Bonds | -
2%₹194 Cr20,000,000

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 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 (14 Jun 24) ₹39.8316 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹13,375 on 30 Apr 24
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.47
Sharpe Ratio -0.37
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.7%
Effective Maturity 7 Months 24 Days
Modified Duration 6 Months

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹10,727
31 May 21₹11,172
31 May 22₹11,537
31 May 23₹12,239
31 May 24₹13,091

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 14 Jun 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.6%
1 Year 6.9%
3 Year 5.5%
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 0816.05 Yr.
Manu Sharma1 Nov 221.5 Yr.
Palha Khanna3 Jul 230.83 Yr.

Data below for Kotak Savings Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash49.15%
Debt50.62%
Other0.23%
Debt Sector Allocation
SectorValue
Corporate53.67%
Cash Equivalent27.34%
Government18.76%
Credit Quality
RatingValue
AA9.42%
AAA90.58%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
4%₹587 Cr60,000,010
Rural Electrification Corporation Limited
Debentures | -
3%₹459 Cr4,600
India (Republic of)
- | -
3%₹391 Cr40,000,000
India (Republic of)
- | -
3%₹381 Cr40,000,000
182 DTB 22082024
Sovereign Bonds | -
3%₹368 Cr37,500,000
Mahindra And Mahindra Financial Services Limited
Debentures | -
3%₹350 Cr3,500
Nirma Limited 0.083%
Debentures | -
2%₹250 Cr25,000
182 DTB 29082024
Sovereign Bonds | -
2%₹245 Cr25,000,000
IDFC First Bank Ltd.
Debentures | -
2%₹236 Cr25,000
SANSAR TRUST MARCH 2023 II
Unlisted bonds | -
2%₹204 Cr90

6. 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 (14 Jun 24) ₹3,940.7 ↑ 0.83   (0.02 %)
Net Assets (Cr) ₹2,349 on 30 Apr 24
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.95
Sharpe Ratio -0.62
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.69%
Effective Maturity 5 Months 25 Days
Modified Duration 5 Months 15 Days

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹10,252
31 May 21₹10,688
31 May 22₹11,318
31 May 23₹11,991
31 May 24₹12,820

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 14 Jun 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.6%
1 Year 6.9%
3 Year 6.3%
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 158.84 Yr.

Data below for UTI Ultra Short Term Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash58.35%
Debt41.45%
Other0.2%
Debt Sector Allocation
SectorValue
Corporate55.85%
Cash Equivalent38.06%
Government5.89%
Credit Quality
RatingValue
AA22.13%
AAA77.87%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
4%₹98 Cr1,000,000,000
↑ 1,000,000,000
Ongc Petro Additions Limited
Debentures | -
3%₹75 Cr7,500
↑ 2,500
Shriram Finance Limited
Debentures | -
3%₹70 Cr700
Bharti Telecom Limited
Debentures | -
2%₹50 Cr500
↑ 500
LIC Housing Finance Ltd
Debentures | -
2%₹50 Cr500
ICICI Bank Ltd.
Debentures | -
2%₹47 Cr500,000,000
ICICI Bank Ltd.
Debentures | -
2%₹47 Cr500,000,000
Kotak Mahindra Bank Ltd.
Debentures | -
2%₹47 Cr500,000,000
Muthoot Finance Limited
Debentures | -
2%₹45 Cr450,000
↑ 450,000
Jamnagar Utilities & Power Private Limited
Debentures | -
2%₹40 Cr400

7. PGIM India Insta Cash Fund

(Erstwhile DHFL Pramerica Insta Cash Plus Fund)

To generate steady returns along with high liquidity by investing in a portfolio of short-term, high quality money market and debt instruments.

PGIM India Insta Cash Fund is a Debt - Liquid Fund fund was launched on 5 Sep 07. It is a fund with Low risk and has given a CAGR/Annualized return of 7.1% since its launch.  Ranked 4 in Liquid Fund category.  Return for 2023 was 7% , 2022 was 4.8% and 2021 was 3.3% .

Below is the key information for PGIM India Insta Cash Fund

PGIM India Insta Cash Fund
Growth
Launch Date 5 Sep 07
NAV (17 Jun 24) ₹316.388 ↑ 0.06   (0.02 %)
Net Assets (Cr) ₹438 on 30 Apr 24
Category Debt - Liquid Fund
AMC Pramerica Asset Managers Private Limited
Rating
Risk Low
Expense Ratio 0.26
Sharpe Ratio 1.28
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.64%
Effective Maturity 2 Months 14 Days
Modified Duration 2 Months 9 Days

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹10,583
31 May 21₹10,927
31 May 22₹11,303
31 May 23₹12,007
31 May 24₹12,874

PGIM India Insta Cash 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 PGIM India Insta Cash Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jun 24

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.7%
1 Year 7.2%
3 Year 5.7%
5 Year 5.2%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7%
2022 4.8%
2021 3.3%
2020 4.2%
2019 6.7%
2018 7.4%
2017 6.7%
2016 7.7%
2015 8.4%
2014 9.1%
Fund Manager information for PGIM India Insta Cash Fund
NameSinceTenure
Bhupesh Kalyani13 Sep 221.63 Yr.
Puneet Pal16 Jul 221.79 Yr.

Data below for PGIM India Insta Cash Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash99.46%
Other0.54%
Debt Sector Allocation
SectorValue
Cash Equivalent71.71%
Corporate22.56%
Government5.19%
Credit Quality
RatingValue
AA5.99%
AAA94.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Shriram Finance Limited
Debentures | -
7%₹25 Cr2,500,000
Tata Capital Housing Finance Limited
Commercial Paper | -
7%₹25 Cr2,500,000
Indian Bank
Domestic Bonds | -
7%₹25 Cr2,500,000
Small Industries Development Bank Of India
Certificate of Deposit | -
7%₹25 Cr2,500,000
Hsbc Investdirect Financial Services (India) Limited
Commercial Paper | -
7%₹25 Cr2,500,000
Punjab National Bank
Certificate of Deposit | -
7%₹25 Cr2,500,000
↑ 2,500,000
National Bank for Agriculture and Rural Development
Commercial Paper | -
7%₹25 Cr2,500,000
↑ 2,500,000
Export Import Bank Of India
Debentures | -
5%₹20 Cr2,000,000
Toyota Financial Services India
Commercial Paper | -
5%₹20 Cr2,000,000
ICICI Bank Limited
Certificate of Deposit | -
5%₹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 7.1% 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 (14 Jun 24) ₹5,541.25 ↑ 1.10   (0.02 %)
Net Assets (Cr) ₹11,398 on 30 Apr 24
Category Debt - Ultrashort Bond
AMC SBI Funds Management Private Limited
Rating
Risk Low
Expense Ratio 0.49
Sharpe Ratio 0.62
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.59%
Effective Maturity 5 Months 23 Days
Modified Duration 5 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹10,747
31 May 21₹11,200
31 May 22₹11,565
31 May 23₹12,282
31 May 24₹13,160

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 14 Jun 24

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.7%
1 Year 7.1%
3 Year 5.6%
5 Year 5.7%
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 212.92 Yr.
Ardhendu Bhattacharya1 Dec 230.41 Yr.
Pradeep Kesavan1 Dec 230.41 Yr.

Data below for SBI Magnum Ultra Short Duration Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash65.51%
Debt34.22%
Other0.27%
Debt Sector Allocation
SectorValue
Corporate54.6%
Cash Equivalent33.77%
Government11.36%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
8%₹788 Cr80,000,000
↑ 80,000,000
182 DTB 11072024
Sovereign Bonds | -
4%₹445 Cr45,000,000
Tata Teleservices Ltd
Debentures | -
4%₹384 Cr8,000
Panatone Finvest Ltd
Debentures | -
3%₹285 Cr6,000
Power Finance Corporation Limited
Debentures | -
3%₹283 Cr2,850
Kotak Mahindra Bank Ltd.
Debentures | -
3%₹268 Cr5,500
Rural Electrification Corporation Limited
Debentures | -
2%₹260 Cr2,600
182 DTB 06062024
Sovereign Bonds | -
2%₹249 Cr25,000,000
LIC Housing Finance Ltd
Debentures | -
2%₹247 Cr2,500
182 DTB 25072024
Sovereign Bonds | -
2%₹247 Cr25,000,000

9. 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 (14 Jun 24) ₹3,167.04 ↑ 0.59   (0.02 %)
Net Assets (Cr) ₹2,467 on 30 Apr 24
Category Debt - Ultrashort Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.02
Sharpe Ratio -1.08
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.57%
Effective Maturity 5 Months 19 Days
Modified Duration 5 Months 5 Days

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹10,671
31 May 21₹11,021
31 May 22₹11,334
31 May 23₹11,985
31 May 24₹12,803

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 14 Jun 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.5%
1 Year 6.8%
3 Year 5.2%
5 Year 5.1%
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 167.79 Yr.
Karan Mundhra31 May 212.92 Yr.

Data below for DSP BlackRock Money Manager Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash76.31%
Debt23.45%
Other0.25%
Debt Sector Allocation
SectorValue
Corporate59.71%
Cash Equivalent38.25%
Government1.8%
Credit Quality
RatingValue
AA1.07%
AAA98.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Kotak Mahindra Bank Ltd.
Debentures | -
4%₹97 Cr2,000
↑ 1,000
7.35% Govt Stock 2024
Sovereign Bonds | -
3%₹80 Cr7,800,000
182 DTB 25072024
Sovereign Bonds | -
3%₹74 Cr7,500,000
Bank of Baroda
Debentures | -
3%₹71 Cr1,500
LIC Housing Finance Ltd
Debentures | -
2%₹53 Cr500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹52 Cr500
Kisetsu Saison Finance (India) Pvt Ltd.
Debentures | -
2%₹50 Cr1,000
182 DTB 18072024
Sovereign Bonds | -
2%₹49 Cr5,000,000
India (Republic of)
- | -
2%₹48 Cr5,000,000
↑ 5,000,000
Punjab National Bank
Domestic Bonds | -
2%₹47 Cr1,000

10. SBI Liquid Fund

(Erstwhile SBI - Premier Liquid Fund)

To provide attractive returns to the Magnum/Unit holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt and money market instruments. Income may be generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio.

SBI Liquid Fund is a Debt - Liquid Fund fund was launched on 22 Mar 07. It is a fund with Low risk and has given a CAGR/Annualized return of 6.9% since its launch.  Ranked 40 in Liquid Fund category.  Return for 2023 was 6.9% , 2022 was 4.8% and 2021 was 3.3% .

Below is the key information for SBI Liquid Fund

SBI Liquid Fund
Growth
Launch Date 22 Mar 07
NAV (17 Jun 24) ₹3,802.76 ↑ 0.70   (0.02 %)
Net Assets (Cr) ₹71,061 on 30 Apr 24
Category Debt - Liquid Fund
AMC SBI Funds Management Private Limited
Rating
Risk Low
Expense Ratio 0.29
Sharpe Ratio 0.97
Information Ratio 0
Alpha Ratio 0
Min Investment 50,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.54%
Effective Maturity 2 Months 5 Days
Modified Duration 2 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹10,573
31 May 21₹10,913
31 May 22₹11,288
31 May 23₹11,987
31 May 24₹12,849

SBI 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 SBI 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 14 Jun 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.7%
1 Year 7.2%
3 Year 5.7%
5 Year 5.1%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.9%
2022 4.8%
2021 3.3%
2020 4.2%
2019 6.5%
2018 7.3%
2017 6.6%
2016 7.6%
2015 8.3%
2014 9%
Fund Manager information for SBI Liquid Fund
NameSinceTenure
Rajeev Radhakrishnan1 Dec 230.41 Yr.
R. Arun7 May 185.99 Yr.

Data below for SBI Liquid Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash99.76%
Other0.24%
Debt Sector Allocation
SectorValue
Cash Equivalent66.55%
Government17.25%
Corporate15.97%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Limited
Certificate of Deposit | -
4%₹2,734 Cr55,000
India (Republic of)
- | -
4%₹2,653 Cr268,200,000
India (Republic of)
- | -
4%₹2,580 Cr260,000,000
HDFC Bank Limited
Certificate of Deposit | -
3%₹1,993 Cr40,000
Union Bank of India
Domestic Bonds | -
3%₹1,989 Cr40,000
Reliance Jio Infocomm Ltd.
Commercial Paper | -
3%₹1,986 Cr40,000
Reliance Jio Infocomm Ltd.
Commercial Paper | -
3%₹1,985 Cr40,000
Bajaj Finance Ltd.
Commercial Paper | -
3%₹1,974 Cr40,000
Punjab National Bank
Certificate of Deposit | -
3%₹1,968 Cr40,000
↑ 40,000
Bank Of Baroda
Certificate of Deposit | -
3%₹1,965 Cr39,500

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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