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Recurring Deposit Vs Fixed Deposit: Which is Better?

Updated on December 1, 2022 , 6109 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 2021 was 3.9% , 2020 was 7% and 2019 was 8.5% .

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 (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.

DateValue
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

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 2 Dec 22

DurationReturns
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
YearReturns
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
NameSinceTenure
Sunaina Cunha14 Jun 148.39 Yr.
Kaustubh Gupta15 Jul 1111.31 Yr.
Monika Gandhi22 Mar 211.61 Yr.

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

Asset Allocation
Asset ClassValue
Cash61.67%
Debt38.33%
Debt Sector Allocation
SectorValue
Corporate46.28%
Cash Equivalent27.8%
Government25.92%
Credit Quality
RatingValue
AA14.21%
AAA85.79%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Ltd
Debentures | -
4%₹600 Cr6,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹279 Cr2,750
Reliance Industries Limited
Debentures | -
2%₹255 Cr2,500
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹250 Cr2,500
08.54 MH Sdl 2023
Sovereign Bonds | -
2%₹247 Cr24,500,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹245 Cr2,450
08.21 HR UDAY 2023
Domestic Bonds | -
2%₹236 Cr23,500,000
08.39 RJ UDAY 2023
Domestic Bonds | -
1%₹216 Cr21,477,000
08.24 GJ Sdl 2023
Sovereign Bonds | -
1%₹211 Cr21,000,000
08.48 KA Sdl 2022
Sovereign Bonds | -
1%₹200 Cr20,000,000

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 2021 was 7.8% , 2020 was 4.9% and 2019 was 0.9% .

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 (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.

DateValue
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

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 2 Dec 22

DurationReturns
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
YearReturns
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
NameSinceTenure
Vivek Sharma1 Oct 139.09 Yr.
Kinjal Desai25 May 184.44 Yr.

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

Asset Allocation
Asset ClassValue
Cash68.76%
Debt31.24%
Debt Sector Allocation
SectorValue
Corporate45.48%
Cash Equivalent37.13%
Government17.38%
Credit Quality
RatingValue
AA21.33%
AAA78.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 22122022
Sovereign Bonds | -
4%₹222 Cr22,500,000
Tata Realty And Infrastructure Limited
Debentures | -
3%₹148 Cr1,500
Shriram Transport Finance Company Limited
Debentures | -
2%₹105 Cr1,050
↑ 1,050
Reliance Industries Limited
Debentures | -
2%₹102 Cr1,000
08.39 RJ UDAY 2024
Domestic Bonds | -
2%₹101 Cr10,000,000
↑ 10,000,000
Shriram Housing Finance Limited
Debentures | -
2%₹101 Cr1,000
National Housing Bank
Debentures | -
2%₹100 Cr1,000
Axis Bank Ltd.
Debentures | -
2%₹93 Cr2,000
↑ 2,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹91 Cr900
Samvardhana Motherson International Limited
Debentures | -
1%₹74 Cr750

3. 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 2021 was 2.9% , 2020 was 4.7% and 2019 was 7.3% .

Below is the key information for DSP BlackRock Money Manager Fund

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.

DateValue
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

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 2 Dec 22

DurationReturns
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
YearReturns
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
NameSinceTenure
Kedar Karnik17 Jul 166.3 Yr.
Karan Mundhra31 May 211.42 Yr.

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

Asset Allocation
Asset ClassValue
Cash89.92%
Debt10.08%
Debt Sector Allocation
SectorValue
Corporate45.11%
Cash Equivalent41%
Government13.88%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.84% Govt Stock 2022
Sovereign Bonds | -
4%₹87 Cr8,500,000
364 Dtb 16022023
Sovereign Bonds | -
2%₹49 Cr5,000,000
364 Dtb 02032023
Sovereign Bonds | -
2%₹49 Cr5,000,000
ICICI Bank Ltd.
Debentures | -
2%₹48 Cr1,000
↑ 1,000
Larsen And Toubro Limited
Debentures | -
1%₹36 Cr350
Housing Development Finance Corporation Ltd
Debentures | -
1%₹26 Cr250
Sikka Ports & Terminals Limited
Debentures | -
1%₹26 Cr250
Jamnagar Utilities & Power Private Limited
Debentures | -
1%₹25 Cr250
Power Finance Corporation Ltd.
Debentures | -
1%₹16 Cr160
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
10%₹247 Cr

4. Principal Ultra Short Term Fund

(Erstwhile Principal Retail Money Manager Fund)

To generate steady return by investing in debt and money market securities. The portfolio will be predominantly invested in overnight repo, CBLO, floating rate instruments and other fixed income instruments.

Principal Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 28 Dec 07. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 5.7% since its launch.  Ranked 43 in Ultrashort Bond category.  Return for 2021 was 2.7% , 2020 was 4.1% and 2019 was 6.5% .

Below is the key information for Principal Ultra Short Term Fund

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.

DateValue
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

Principal Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹191,330.
Net Profit of ₹11,330
Invest Now

Returns for Principal Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
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
YearReturns
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
NameSinceTenure
Dwijendra Srivastava16 May 220.46 Yr.
Sandeep Agarwal1 Jan 220.83 Yr.

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

Asset Allocation
Asset ClassValue
Cash92.3%
Debt7.7%
Debt Sector Allocation
SectorValue
Cash Equivalent55.07%
Corporate33.36%
Government11.57%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
LIC Housing Finance Limited
Debentures | -
5%₹50 Cr500
182 Dtb 01122022
Sovereign Bonds | -
2%₹25 Cr2,500,000
Citicorp Finance (India) Limited
Debentures | -
2%₹25 Cr250
364 Dtb 08122022
Sovereign Bonds | -
1%₹10 Cr1,000,000
LIC Housing Finance Limited
Debentures | -
1%₹10 Cr100
Power Grid Corporation Of India Limited
Debentures | -
1%₹7 Cr55
Treps
CBLO/Reverse Repo | -
25%₹274 Cr
Export-Import Bank Of India
Commercial Paper | -
5%₹49 Cr1,000
Punjab & Sind Bank
Certificate of Deposit | -
4%₹49 Cr1,000
Birla Group Holdings Private Limited
Commercial Paper | -
4%₹45 Cr900

5. ICICI Prudential Ultra Short Term Fund

(Erstwhile ICICI Prudential Regular Income Fund)

The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme.

ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.5% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2021 was 4% , 2020 was 6.5% and 2019 was 8.4% .

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 (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.

DateValue
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

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 2 Dec 22

DurationReturns
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
YearReturns
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
NameSinceTenure
Manish Banthia15 Nov 165.96 Yr.
Ritesh Lunawat15 Jun 175.38 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash65.66%
Debt34.34%
Debt Sector Allocation
SectorValue
Cash Equivalent53.93%
Corporate30.47%
Government15.6%
Credit Quality
RatingValue
A0.98%
AA16.24%
AAA82.78%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 24112022
Sovereign Bonds | -
7%₹894 Cr90,000,000
National Bank For Agriculture And Rural Development
Debentures | -
4%₹570 Cr5,750
182 Dtb 01122022
Sovereign Bonds | -
3%₹447 Cr45,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹426 Cr4,250
Housing Development Finance Corporation Ltd
Debentures | -
3%₹419 Cr4,200
182 Dtb 17112022
Sovereign Bonds | -
3%₹378 Cr38,000,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹307 Cr3,100
Housing Development Finance Corporation Ltd
Debentures | -
2%₹250 Cr2,500
Shriram Transport Finance Company Limited
Debentures | -
2%₹201 Cr2,000
Axis Bank Ltd.
Debentures | -
1%₹186 Cr4,000
↑ 4,000

6. 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 2021 was 3.2% , 2020 was 5.8% and 2019 was 7.8% .

Below is the key information for Kotak Savings Fund

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.

DateValue
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

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 2 Dec 22

DurationReturns
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
YearReturns
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
NameSinceTenure
Deepak Agrawal15 Apr 0814.56 Yr.
Vihag Mishra30 Apr 220.51 Yr.
Manu Sharma1 Nov 220 Yr.

Data below for Kotak Savings Fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash72.43%
Debt27.57%
Debt Sector Allocation
SectorValue
Cash Equivalent44.29%
Government28.23%
Corporate27.48%
Credit Quality
RatingValue
AA11.97%
AAA88.03%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 09032023
Sovereign Bonds | -
4%₹487 Cr50,000,000
182 DTB 16032023
Sovereign Bonds | -
4%₹487 Cr50,000,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹249 Cr2,450
182 DTB 23032023
Sovereign Bonds | -
2%₹243 Cr25,000,000
Muthoot Finance Limited
Debentures | -
2%₹200 Cr2,000,000
LIC Housing Finance Limited
Debentures | -
1%₹175 Cr1,750
Housing Development Finance Corporation Ltd
Debentures | -
1%₹175 Cr1,750
Rural Electrification Corporation Limited
Debentures | -
1%₹161 Cr1,600
India (Republic of)
Sovereign Bonds | -
1%₹158 Cr16,250,000
↑ 16,250,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
1%₹150 Cr1,500

7. 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 2021 was 6.1% , 2020 was 5.3% and 2019 was 3.3% .

Below is the key information for UTI Ultra Short Term Fund

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.

DateValue
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

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 2 Dec 22

DurationReturns
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
YearReturns
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
NameSinceTenure
Ritesh Nambiar1 Jul 157.34 Yr.

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

Asset Allocation
Asset ClassValue
Cash73.33%
Debt26.67%
Debt Sector Allocation
SectorValue
Cash Equivalent43.96%
Corporate30.92%
Government25.12%
Credit Quality
RatingValue
AA17.52%
AAA82.48%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 23032023
Sovereign Bonds | -
3%₹73 Cr750,000,000
182 DTB 30032023
Sovereign Bonds | -
3%₹68 Cr700,000,000
↑ 500,000,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
3%₹62 Cr500
National Bank For Agriculture And Rural Development
Debentures | -
3%₹60 Cr600
↑ 100
The Tata Power Company Limited
Debentures | -
3%₹60 Cr600
↓ -100
Indian Railway Finance Corporation Limited
Debentures | -
2%₹50 Cr500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹50 Cr500
Shriram Transport Finance Company Limited
Debentures | -
2%₹42 Cr420
Tmf Holdings Limited
Debentures | -
2%₹34 Cr250
Power Finance Corporation Ltd.
Debentures | -
1%₹30 Cr300

8. 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 2021 was 2.6% , 2020 was 4.5% and 2019 was 6.6% .

Below is the key information for Canara Robeco Ultra Short Term Fund

Canara Robeco Ultra Short Term Fund
Growth
Launch Date 14 Jul 08
NAV (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.

DateValue
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

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 2 Dec 22

DurationReturns
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
YearReturns
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
NameSinceTenure
Suman Prasad12 Apr 1111.56 Yr.
Avnish Jain1 Apr 220.59 Yr.

Data below for Canara Robeco Ultra Short Term Fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash62.74%
Debt37.26%
Debt Sector Allocation
SectorValue
Corporate38.52%
Cash Equivalent35.75%
Government25.73%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 08122022
Sovereign Bonds | -
9%₹50 Cr5,000,000
364 Dtb 19012023
Sovereign Bonds | -
9%₹49 Cr5,000,000
Kotak Mahindra Prime Limited
Debentures | -
6%₹35 Cr350
Ntpc Limited
Debentures | -
5%₹30 Cr300
Rec Limited
Debentures | -
4%₹25 Cr250
Reliance Industries Limited
Debentures | -
4%₹25 Cr250
National Bank For Agriculture And Rural Development
Debentures | -
4%₹25 Cr250
LIC Housing Finance Limited
Debentures | -
4%₹25 Cr250
182 DTB 05012023
Sovereign Bonds | -
4%₹25 Cr2,500,000
08.21 RJ UDAY 2023
Domestic Bonds | -
4%₹20 Cr2,000,000

9. IDBI Ultra Short Term Fund

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 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% .

Below is the key information for IDBI Ultra Short Term Fund

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.

DateValue
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

IDBI 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 IDBI 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 2 Dec 22

DurationReturns
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
YearReturns
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
NameSinceTenure
Raju Sharma7 Sep 220.15 Yr.

Data below for IDBI Ultra Short Term Fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash83.14%
Debt16.86%
Debt Sector Allocation
SectorValue
Cash Equivalent67.3%
Government22.04%
Corporate10.66%
Credit Quality
RatingValue
AA6.53%
AAA93.47%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 12012023
Sovereign Bonds | -
11%₹25 Cr2,500,000
↑ 2,500,000
364 DTB 12102023
Sovereign Bonds | -
10%₹23 Cr2,500,000
↑ 2,500,000
182 Dtb 01122022
Sovereign Bonds | -
7%₹15 Cr1,500,000
Steel Authority Of India Limited
Debentures | -
2%₹5 Cr520,000
The Tata Power Company Limited
Debentures | -
1%₹2 Cr200,000
Chennai Petroleum Corporation Ltd.
Debentures | -
1%₹2 Cr200,000
Rec Limited
Debentures | -
1%₹2 Cr200,000
Godrej Properties Limited
Debentures | -
1%₹1 Cr150,000
JSW Steel Limited
Debentures | -
1%₹1 Cr150,000
TATA Motors Limited
Debentures | -
1%₹1 Cr150,000

10. BOI AXA Ultra Short Duration Fund

(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 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% .

Below is the key information for BOI AXA Ultra Short Duration Fund

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.

DateValue
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

BOI AXA 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 BOI AXA 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 2 Dec 22

DurationReturns
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
YearReturns
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
NameSinceTenure

Data below for BOI AXA Ultra Short Duration Fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash38.82%
Debt61.18%
Debt Sector Allocation
SectorValue
Government53.69%
Corporate29.31%
Cash Equivalent17%
Credit Quality
RatingValue
AA1.77%
AAA98.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
12%₹15 Cr1,500,000
↑ 1,500,000
182 DTB 02032023
Sovereign Bonds | -
9%₹11 Cr1,150,000
Power Grid Corporation Of India Limited
Debentures | -
8%₹10 Cr1,000,000
Small Industries Development Bank Of India
Debentures | -
8%₹10 Cr1,000,000
National Housing Bank
Debentures | -
8%₹10 Cr1,000,000
Bajaj Finance Limited
Debentures | -
8%₹10 Cr1,000,000
182 DTB 26012023
Sovereign Bonds | -
8%₹10 Cr1,000,000
The Tata Power Company Limited
Debentures | -
1%₹1 Cr120,000
TATA Motors Finance Limited
Debentures | -
1%₹1 Cr100,000
364 DTB 29062023
Sovereign Bonds | -
1%₹1 Cr100,000

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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