Table of Contents
- Recurring Deposit (RD)
- Fixed Deposit (FD)
- Recurring Deposit VS Fixed Deposit
- Recurring Deposit VS Fixed Deposit: Where to Earn More?
- Other Alternatives
Top 10 Debt - Ultrashort Bond Funds
- Aditya Birla Sun Life Savings Fund
- Nippon India Ultra Short Duration Fund
- DSP BlackRock Money Manager Fund
- Principal Ultra Short Term Fund
- ICICI Prudential Ultra Short Term Fund
- Kotak Savings Fund
- UTI Ultra Short Term Fund
- Canara Robeco Ultra Short Term Fund
- IDBI Ultra Short Term Fund
- BOI AXA Ultra Short Duration Fund
Recurring Deposit Vs Fixed Deposit: Which is Better?
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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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
The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. Aditya Birla Sun Life Savings Fund is a Debt - Ultrashort Bond fund was launched on 16 Apr 03. It is a fund with Moderately Low risk and has given a Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (Erstwhile Reliance Liquid Fund - Cash Plan) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Nippon India Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 7 Dec 01. It is a fund with Low risk and has given a Below is the key information for Nippon India Ultra Short Duration Fund Returns up to 1 year are on "The primary investment objective of the Scheme is to seek to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities. However, there can be no assurance that the investment objective of the Scheme will be realized." DSP BlackRock Money Manager Fund is a Debt - Ultrashort Bond fund was launched on 31 Jul 06. It is a fund with Moderately Low risk and has given a Below is the key information for DSP BlackRock Money Manager Fund Returns up to 1 year are on (Erstwhile Principal Retail Money Manager Fund) To generate steady return by investing in debt and money market securities.
The portfolio will be predominantly invested in overnight repo, CBLO, floating rate instruments and other fixed income instruments. Principal Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 28 Dec 07. It is a fund with Moderately Low risk and has given a Below is the key information for Principal Ultra Short Term Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Regular Income Fund) The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Kotak Treasury Advantage Fund) The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. Kotak Savings Fund is a Debt - Ultrashort Bond fund was launched on 13 Aug 04. It is a fund with Moderately Low risk and has given a Below is the key information for Kotak Savings Fund Returns up to 1 year are on (Erstwhile UTI - Floating Rate Fund - Short Term Plan) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Canara Robeco Treasury Advantage Fund) To generate income/capital appreciation through a low risk strategy by investment in Money Market Instruments (MMI). However, there can be no assurance that the investment objective of the scheme will be realized. Canara Robeco Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 14 Jul 08. It is a fund with Low risk and has given a Below is the key information for Canara Robeco Ultra Short Term Fund Returns up to 1 year are on The objective of the Scheme will be to provide investors with regular income for their investment by investing in debt and money market instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months. However, there can be no assurance that the investment objective of the Scheme will be realized. IDBI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 Sep 10. It is a fund with Moderately Low risk and has given a Below is the key information for IDBI Ultra Short Term Fund Returns up to 1 year are on (Erstwhile BOI AXA Treasury Advantage Fund) The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments.
The Scheme is not providing any assured or guaranteed returns. Further, there is also no assurance that the investment objective of the Scheme will be achieved. BOI AXA Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 16 Jul 08. It is a fund with Moderately Low risk and has given a Below is the key information for BOI AXA Ultra Short Duration Fund Returns up to 1 year are on 1. Aditya Birla Sun Life Savings Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 6 in Ultrashort Bond category. Return for 2021 was 3.9% , 2020 was 7% and 2019 was 8.5% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (02 Dec 22) ₹453.953 ↑ 0.11 (0.02 %) Net Assets (Cr) ₹14,075 on 31 Oct 22 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.49 Sharpe Ratio -0.48 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.45% Effective Maturity 6 Months 11 Days Modified Duration 6 Months Growth of 10,000 investment over the years.
Date Value 30 Nov 17 ₹10,000 30 Nov 18 ₹10,706 30 Nov 19 ₹11,654 30 Nov 20 ₹12,491 30 Nov 21 ₹12,981 30 Nov 22 ₹13,564 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22 Duration Returns 1 Month 0.6% 3 Month 1.4% 6 Month 2.7% 1 Year 4.5% 3 Year 5.2% 5 Year 6.3% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 9.7% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 14 Jun 14 8.39 Yr. Kaustubh Gupta 15 Jul 11 11.31 Yr. Monika Gandhi 22 Mar 21 1.61 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Oct 22
Asset Allocation
Asset Class Value Cash 61.67% Debt 38.33% Debt Sector Allocation
Sector Value Corporate 46.28% Cash Equivalent 27.8% Government 25.92% Credit Quality
Rating Value AA 14.21% AAA 85.79% Top Securities Holdings / Portfolio
Name Holding Value Quantity Housing Development Finance Corporation Ltd
Debentures | -4% ₹600 Cr 6,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹279 Cr 2,750 Reliance Industries Limited
Debentures | -2% ₹255 Cr 2,500 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -2% ₹250 Cr 2,500 08.54 MH Sdl 2023
Sovereign Bonds | -2% ₹247 Cr 24,500,000 Housing Development Finance Corporation Ltd
Debentures | -2% ₹245 Cr 2,450 08.21 HR UDAY 2023
Domestic Bonds | -2% ₹236 Cr 23,500,000 08.39 RJ UDAY 2023
Domestic Bonds | -1% ₹216 Cr 21,477,000 08.24 GJ Sdl 2023
Sovereign Bonds | -1% ₹211 Cr 21,000,000 08.48 KA Sdl 2022
Sovereign Bonds | -1% ₹200 Cr 20,000,000 2. Nippon India Ultra Short Duration Fund
CAGR/Annualized return of 6% since its launch. Ranked 62 in Ultrashort Bond category. Return for 2021 was 7.8% , 2020 was 4.9% and 2019 was 0.9% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (02 Dec 22) ₹3,379.44 ↑ 0.63 (0.02 %) Net Assets (Cr) ₹4,915 on 31 Oct 22 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.12 Sharpe Ratio -0.92 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.18% Effective Maturity 6 Months 1 Day Modified Duration 5 Months 13 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 17 ₹10,000 30 Nov 18 ₹10,700 30 Nov 19 ₹10,812 30 Nov 20 ₹11,364 30 Nov 21 ₹12,250 30 Nov 22 ₹12,791 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22 Duration Returns 1 Month 0.6% 3 Month 1.3% 6 Month 2.6% 1 Year 4.4% 3 Year 5.8% 5 Year 5% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 9.2% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 9.09 Yr. Kinjal Desai 25 May 18 4.44 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Oct 22
Asset Allocation
Asset Class Value Cash 68.76% Debt 31.24% Debt Sector Allocation
Sector Value Corporate 45.48% Cash Equivalent 37.13% Government 17.38% Credit Quality
Rating Value AA 21.33% AAA 78.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 22122022
Sovereign Bonds | -4% ₹222 Cr 22,500,000 Tata Realty And Infrastructure Limited
Debentures | -3% ₹148 Cr 1,500 Shriram Transport Finance Company Limited
Debentures | -2% ₹105 Cr 1,050
↑ 1,050 Reliance Industries Limited
Debentures | -2% ₹102 Cr 1,000 08.39 RJ UDAY 2024
Domestic Bonds | -2% ₹101 Cr 10,000,000
↑ 10,000,000 Shriram Housing Finance Limited
Debentures | -2% ₹101 Cr 1,000 National Housing Bank
Debentures | -2% ₹100 Cr 1,000 Axis Bank Ltd.
Debentures | -2% ₹93 Cr 2,000
↑ 2,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹91 Cr 900 Samvardhana Motherson International Limited
Debentures | -1% ₹74 Cr 750 3. DSP BlackRock Money Manager Fund
CAGR/Annualized return of 6.7% since its launch. Ranked 75 in Ultrashort Bond category. Return for 2021 was 2.9% , 2020 was 4.7% and 2019 was 7.3% . DSP BlackRock Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (02 Dec 22) ₹2,863.43 ↑ 0.47 (0.02 %) Net Assets (Cr) ₹2,449 on 31 Oct 22 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.69 Sharpe Ratio -2.75 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.1% Effective Maturity 4 Months 13 Days Modified Duration 4 Months 2 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 17 ₹10,000 30 Nov 18 ₹10,581 30 Nov 19 ₹11,268 30 Nov 20 ₹11,814 30 Nov 21 ₹12,151 30 Nov 22 ₹12,614 Returns for DSP BlackRock Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22 Duration Returns 1 Month 0.5% 3 Month 1.2% 6 Month 2.4% 1 Year 3.8% 3 Year 3.8% 5 Year 4.8% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 8.9% Fund Manager information for DSP BlackRock Money Manager Fund
Name Since Tenure Kedar Karnik 17 Jul 16 6.3 Yr. Karan Mundhra 31 May 21 1.42 Yr. Data below for DSP BlackRock Money Manager Fund as on 31 Oct 22
Asset Allocation
Asset Class Value Cash 89.92% Debt 10.08% Debt Sector Allocation
Sector Value Corporate 45.11% Cash Equivalent 41% Government 13.88% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.84% Govt Stock 2022
Sovereign Bonds | -4% ₹87 Cr 8,500,000 364 Dtb 16022023
Sovereign Bonds | -2% ₹49 Cr 5,000,000 364 Dtb 02032023
Sovereign Bonds | -2% ₹49 Cr 5,000,000 ICICI Bank Ltd.
Debentures | -2% ₹48 Cr 1,000
↑ 1,000 Larsen And Toubro Limited
Debentures | -1% ₹36 Cr 350 Housing Development Finance Corporation Ltd
Debentures | -1% ₹26 Cr 250 Sikka Ports & Terminals Limited
Debentures | -1% ₹26 Cr 250 Jamnagar Utilities & Power Private Limited
Debentures | -1% ₹25 Cr 250 Power Finance Corporation Ltd.
Debentures | -1% ₹16 Cr 160 Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -10% ₹247 Cr 4. Principal Ultra Short Term Fund
CAGR/Annualized return of 5.7% since its launch. Ranked 43 in Ultrashort Bond category. Return for 2021 was 2.7% , 2020 was 4.1% and 2019 was 6.5% . Principal Ultra Short Term Fund
Growth Launch Date 28 Dec 07 NAV (02 Dec 22) ₹2,292.04 ↑ 0.37 (0.02 %) Net Assets (Cr) ₹1,111 on 31 Oct 22 Category Debt - Ultrashort Bond AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.25 Sharpe Ratio -5.36 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,000 Exit Load NIL Yield to Maturity 6.93% Effective Maturity 2 Months 30 Days Modified Duration 2 Months 28 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 17 ₹10,000 30 Nov 18 ₹10,088 30 Nov 19 ₹10,785 30 Nov 20 ₹11,237 30 Nov 21 ₹11,537 30 Nov 22 ₹11,930 Returns for Principal Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22 Duration Returns 1 Month 0.5% 3 Month 1.1% 6 Month 2.2% 1 Year 3.4% 3 Year 3.4% 5 Year 3.6% 10 Year 15 Year Since launch 5.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 2.7% 2020 4.1% 2019 6.5% 2018 1.2% 2017 6.3% 2016 7.9% 2015 8.8% 2014 9.4% 2013 9.8% 2012 10% Fund Manager information for Principal Ultra Short Term Fund
Name Since Tenure Dwijendra Srivastava 16 May 22 0.46 Yr. Sandeep Agarwal 1 Jan 22 0.83 Yr. Data below for Principal Ultra Short Term Fund as on 31 Oct 22
Asset Allocation
Asset Class Value Cash 92.3% Debt 7.7% Debt Sector Allocation
Sector Value Cash Equivalent 55.07% Corporate 33.36% Government 11.57% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity LIC Housing Finance Limited
Debentures | -5% ₹50 Cr 500 182 Dtb 01122022
Sovereign Bonds | -2% ₹25 Cr 2,500,000 Citicorp Finance (India) Limited
Debentures | -2% ₹25 Cr 250 364 Dtb 08122022
Sovereign Bonds | -1% ₹10 Cr 1,000,000 LIC Housing Finance Limited
Debentures | -1% ₹10 Cr 100 Power Grid Corporation Of India Limited
Debentures | -1% ₹7 Cr 55 Treps
CBLO/Reverse Repo | -25% ₹274 Cr Export-Import Bank Of India
Commercial Paper | -5% ₹49 Cr 1,000 Punjab & Sind Bank
Certificate of Deposit | -4% ₹49 Cr 1,000 Birla Group Holdings Private Limited
Commercial Paper | -4% ₹45 Cr 900 5. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2021 was 4% , 2020 was 6.5% and 2019 was 8.4% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (02 Dec 22) ₹23.102 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹11,752 on 15 Nov 22 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.93 Sharpe Ratio -1.55 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 6.92% Effective Maturity 4 Months 20 Days Modified Duration 4 Months 2 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 17 ₹10,000 30 Nov 18 ₹10,690 30 Nov 19 ₹11,622 30 Nov 20 ₹12,409 30 Nov 21 ₹12,906 30 Nov 22 ₹13,462 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22 Duration Returns 1 Month 0.6% 3 Month 1.3% 6 Month 2.6% 1 Year 4.3% 3 Year 5% 5 Year 6.1% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 9.4% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 5.96 Yr. Ritesh Lunawat 15 Jun 17 5.38 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 15 Nov 22
Asset Allocation
Asset Class Value Cash 65.66% Debt 34.34% Debt Sector Allocation
Sector Value Cash Equivalent 53.93% Corporate 30.47% Government 15.6% Credit Quality
Rating Value A 0.98% AA 16.24% AAA 82.78% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Dtb 24112022
Sovereign Bonds | -7% ₹894 Cr 90,000,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹570 Cr 5,750 182 Dtb 01122022
Sovereign Bonds | -3% ₹447 Cr 45,000,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹426 Cr 4,250 Housing Development Finance Corporation Ltd
Debentures | -3% ₹419 Cr 4,200 182 Dtb 17112022
Sovereign Bonds | -3% ₹378 Cr 38,000,000 Housing Development Finance Corporation Ltd
Debentures | -2% ₹307 Cr 3,100 Housing Development Finance Corporation Ltd
Debentures | -2% ₹250 Cr 2,500 Shriram Transport Finance Company Limited
Debentures | -2% ₹201 Cr 2,000 Axis Bank Ltd.
Debentures | -1% ₹186 Cr 4,000
↑ 4,000 6. Kotak Savings Fund
CAGR/Annualized return of 7.2% since its launch. Ranked 44 in Ultrashort Bond category. Return for 2021 was 3.2% , 2020 was 5.8% and 2019 was 7.8% . Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (02 Dec 22) ₹35.9154 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹12,853 on 15 Nov 22 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.44 Sharpe Ratio -1.61 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.89% Effective Maturity 6 Months 4 Days Modified Duration 4 Months 13 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 17 ₹10,000 30 Nov 18 ₹10,696 30 Nov 19 ₹11,577 30 Nov 20 ₹12,268 30 Nov 21 ₹12,660 30 Nov 22 ₹13,189 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22 Duration Returns 1 Month 0.5% 3 Month 1.3% 6 Month 2.5% 1 Year 4.2% 3 Year 4.4% 5 Year 5.7% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 9.6% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 14.56 Yr. Vihag Mishra 30 Apr 22 0.51 Yr. Manu Sharma 1 Nov 22 0 Yr. Data below for Kotak Savings Fund as on 15 Nov 22
Asset Allocation
Asset Class Value Cash 72.43% Debt 27.57% Debt Sector Allocation
Sector Value Cash Equivalent 44.29% Government 28.23% Corporate 27.48% Credit Quality
Rating Value AA 11.97% AAA 88.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 09032023
Sovereign Bonds | -4% ₹487 Cr 50,000,000 182 DTB 16032023
Sovereign Bonds | -4% ₹487 Cr 50,000,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹249 Cr 2,450 182 DTB 23032023
Sovereign Bonds | -2% ₹243 Cr 25,000,000 Muthoot Finance Limited
Debentures | -2% ₹200 Cr 2,000,000 LIC Housing Finance Limited
Debentures | -1% ₹175 Cr 1,750 Housing Development Finance Corporation Ltd
Debentures | -1% ₹175 Cr 1,750 Rural Electrification Corporation Limited
Debentures | -1% ₹161 Cr 1,600 India (Republic of)
Sovereign Bonds | -1% ₹158 Cr 16,250,000
↑ 16,250,000 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -1% ₹150 Cr 1,500 7. UTI Ultra Short Term Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2021 was 6.1% , 2020 was 5.3% and 2019 was 3.3% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (02 Dec 22) ₹3,556.95 ↑ 0.62 (0.02 %) Net Assets (Cr) ₹2,073 on 31 Oct 22 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio -2.22 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.87% Effective Maturity 4 Months 28 Days Modified Duration 4 Months 23 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 17 ₹10,000 30 Nov 18 ₹10,657 30 Nov 19 ₹11,035 30 Nov 20 ₹11,632 30 Nov 21 ₹12,352 30 Nov 22 ₹12,838 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22 Duration Returns 1 Month 0.5% 3 Month 1.2% 6 Month 2.5% 1 Year 3.9% 3 Year 5.2% 5 Year 5.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 9% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Ritesh Nambiar 1 Jul 15 7.34 Yr. Data below for UTI Ultra Short Term Fund as on 31 Oct 22
Asset Allocation
Asset Class Value Cash 73.33% Debt 26.67% Debt Sector Allocation
Sector Value Cash Equivalent 43.96% Corporate 30.92% Government 25.12% Credit Quality
Rating Value AA 17.52% AAA 82.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 23032023
Sovereign Bonds | -3% ₹73 Cr 750,000,000 182 DTB 30032023
Sovereign Bonds | -3% ₹68 Cr 700,000,000
↑ 500,000,000 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -3% ₹62 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -3% ₹60 Cr 600
↑ 100 The Tata Power Company Limited
Debentures | -3% ₹60 Cr 600
↓ -100 Indian Railway Finance Corporation Limited
Debentures | -2% ₹50 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹50 Cr 500 Shriram Transport Finance Company Limited
Debentures | -2% ₹42 Cr 420 Tmf Holdings Limited
Debentures | -2% ₹34 Cr 250 Power Finance Corporation Ltd.
Debentures | -1% ₹30 Cr 300 8. Canara Robeco Ultra Short Term Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 72 in Ultrashort Bond category. Return for 2021 was 2.6% , 2020 was 4.5% and 2019 was 6.6% . Canara Robeco Ultra Short Term Fund
Growth Launch Date 14 Jul 08 NAV (02 Dec 22) ₹3,213.91 ↑ 0.55 (0.02 %) Net Assets (Cr) ₹584 on 15 Nov 22 Category Debt - Ultrashort Bond AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆ Risk Low Expense Ratio 0.95 Sharpe Ratio -3.55 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.87% Effective Maturity 3 Months 25 Days Modified Duration 3 Months 19 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 17 ₹10,000 30 Nov 18 ₹10,596 30 Nov 19 ₹11,318 30 Nov 20 ₹11,849 30 Nov 21 ₹12,157 30 Nov 22 ₹12,599 Returns for Canara Robeco Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22 Duration Returns 1 Month 0.5% 3 Month 1.2% 6 Month 2.3% 1 Year 3.7% 3 Year 3.6% 5 Year 4.7% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2012 9.9% Fund Manager information for Canara Robeco Ultra Short Term Fund
Name Since Tenure Suman Prasad 12 Apr 11 11.56 Yr. Avnish Jain 1 Apr 22 0.59 Yr. Data below for Canara Robeco Ultra Short Term Fund as on 15 Nov 22
Asset Allocation
Asset Class Value Cash 62.74% Debt 37.26% Debt Sector Allocation
Sector Value Corporate 38.52% Cash Equivalent 35.75% Government 25.73% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Dtb 08122022
Sovereign Bonds | -9% ₹50 Cr 5,000,000 364 Dtb 19012023
Sovereign Bonds | -9% ₹49 Cr 5,000,000 Kotak Mahindra Prime Limited
Debentures | -6% ₹35 Cr 350 Ntpc Limited
Debentures | -5% ₹30 Cr 300 Rec Limited
Debentures | -4% ₹25 Cr 250 Reliance Industries Limited
Debentures | -4% ₹25 Cr 250 National Bank For Agriculture And Rural Development
Debentures | -4% ₹25 Cr 250 LIC Housing Finance Limited
Debentures | -4% ₹25 Cr 250 182 DTB 05012023
Sovereign Bonds | -4% ₹25 Cr 2,500,000 08.21 RJ UDAY 2023
Domestic Bonds | -4% ₹20 Cr 2,000,000 9. IDBI Ultra Short Term Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 78 in Ultrashort Bond category. Return for 2021 was 3.9% , 2020 was 5.1% and 2019 was 6.9% . IDBI Ultra Short Term Fund
Growth Launch Date 3 Sep 10 NAV (02 Dec 22) ₹2,324.07 ↑ 0.40 (0.02 %) Net Assets (Cr) ₹212 on 15 Nov 22 Category Debt - Ultrashort Bond AMC IDBI Asset Management Limited Rating ☆ Risk Moderately Low Expense Ratio 0.6 Sharpe Ratio -1.77 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.86% Effective Maturity 4 Months 8 Days Modified Duration 3 Months 18 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 17 ₹10,000 30 Nov 18 ₹10,636 30 Nov 19 ₹11,405 30 Nov 20 ₹11,999 30 Nov 21 ₹12,483 30 Nov 22 ₹13,016 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 2.7% 1 Year 4.3% 3 Year 4.5% 5 Year 5.4% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.9% 2020 5.1% 2019 6.9% 2018 6.9% 2017 5.8% 2016 7.9% 2015 7.8% 2014 8.7% 2013 9.2% 2012 9.7% Fund Manager information for IDBI Ultra Short Term Fund
Name Since Tenure Raju Sharma 7 Sep 22 0.15 Yr. Data below for IDBI Ultra Short Term Fund as on 15 Nov 22
Asset Allocation
Asset Class Value Cash 83.14% Debt 16.86% Debt Sector Allocation
Sector Value Cash Equivalent 67.3% Government 22.04% Corporate 10.66% Credit Quality
Rating Value AA 6.53% AAA 93.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity 91 DTB 12012023
Sovereign Bonds | -11% ₹25 Cr 2,500,000
↑ 2,500,000 364 DTB 12102023
Sovereign Bonds | -10% ₹23 Cr 2,500,000
↑ 2,500,000 182 Dtb 01122022
Sovereign Bonds | -7% ₹15 Cr 1,500,000 Steel Authority Of India Limited
Debentures | -2% ₹5 Cr 520,000 The Tata Power Company Limited
Debentures | -1% ₹2 Cr 200,000 Chennai Petroleum Corporation Ltd.
Debentures | -1% ₹2 Cr 200,000 Rec Limited
Debentures | -1% ₹2 Cr 200,000 Godrej Properties Limited
Debentures | -1% ₹1 Cr 150,000 JSW Steel Limited
Debentures | -1% ₹1 Cr 150,000 TATA Motors Limited
Debentures | -1% ₹1 Cr 150,000 10. BOI AXA Ultra Short Duration Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 9 in Ultrashort Bond category. Return for 2021 was 3.2% , 2020 was 4.9% and 2019 was 7.5% . BOI AXA Ultra Short Duration Fund
Growth Launch Date 16 Jul 08 NAV (02 Dec 22) ₹2,680.95 ↑ 0.53 (0.02 %) Net Assets (Cr) ₹142 on 15 Nov 22 Category Debt - Ultrashort Bond AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.59 Sharpe Ratio -1.65 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.85% Effective Maturity 3 Months 29 Days Modified Duration 3 Months 22 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 17 ₹10,000 30 Nov 18 ₹10,733 30 Nov 19 ₹11,578 30 Nov 20 ₹12,170 30 Nov 21 ₹12,545 30 Nov 22 ₹13,059 Returns for BOI AXA Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22 Duration Returns 1 Month 0.5% 3 Month 1.3% 6 Month 2.6% 1 Year 4.1% 3 Year 4.1% 5 Year 5.5% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.2% 2020 4.9% 2019 7.5% 2018 7.6% 2017 8% 2016 9.1% 2015 8.7% 2014 9.3% 2013 9.2% 2012 8.5% Fund Manager information for BOI AXA Ultra Short Duration Fund
Name Since Tenure Data below for BOI AXA Ultra Short Duration Fund as on 15 Nov 22
Asset Allocation
Asset Class Value Cash 38.82% Debt 61.18% Debt Sector Allocation
Sector Value Government 53.69% Corporate 29.31% Cash Equivalent 17% Credit Quality
Rating Value AA 1.77% AAA 98.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -12% ₹15 Cr 1,500,000
↑ 1,500,000 182 DTB 02032023
Sovereign Bonds | -9% ₹11 Cr 1,150,000 Power Grid Corporation Of India Limited
Debentures | -8% ₹10 Cr 1,000,000 Small Industries Development Bank Of India
Debentures | -8% ₹10 Cr 1,000,000 National Housing Bank
Debentures | -8% ₹10 Cr 1,000,000 Bajaj Finance Limited
Debentures | -8% ₹10 Cr 1,000,000 182 DTB 26012023
Sovereign Bonds | -8% ₹10 Cr 1,000,000 The Tata Power Company Limited
Debentures | -1% ₹1 Cr 120,000 TATA Motors Finance Limited
Debentures | -1% ₹1 Cr 100,000 364 DTB 29062023
Sovereign Bonds | -1% ₹1 Cr 100,000
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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