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Recurring Deposit Vs Fixed Deposit: Which is Better?

Updated on April 6, 2026 , 10719 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

Fund Selection Methodology used to find 10 funds

  • Category: Debt
  • Sub-category: Liquid%20Fund, Ultrashort%20Bond
  • Investment Option: DEFFMAT:[0 TO 2]
  • Minimum fund age: 1 year
  • Sorted On : Maturity yield (high to low)
  • No Of Funds: 10

Liquid / Ultra Short Debt Mutual funds

1. 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.

Research Highlights for Nippon India Ultra Short Duration Fund

  • Upper mid AUM (₹10,672 Cr).
  • Oldest track record among peers (24 yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: Low.
  • 1Y return: 6.13% (upper mid).
  • 1M return: 0.51% (lower mid).
  • Sharpe: 1.90 (upper mid).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 7.27% (top quartile).
  • Modified duration: 0.45 yrs (bottom quartile).
  • Average maturity: 0.66 yrs (bottom quartile).
  • Exit load: NIL.

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 (08 Apr 26) ₹4,213.87 ↑ 3.56   (0.08 %)
Net Assets (Cr) ₹10,672 on 28 Feb 26
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.12
Sharpe Ratio 1.9
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.27%
Effective Maturity 7 Months 28 Days
Modified Duration 5 Months 13 Days

Growth of 10,000 investment over the years.

DateValue

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 ₹200,132.
Net Profit of ₹20,132
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 8 Apr 26

DurationReturns
1 Month 0.5%
3 Month 1.4%
6 Month 2.8%
1 Year 6.1%
3 Year 6.8%
5 Year 6.7%
10 Year
15 Year
Since launch 6.1%
Historical performance (Yearly) on absolute basis
YearReturns
2025 6.8%
2024 7.2%
2023 6.7%
2022 4.6%
2021 7.8%
2020 4.9%
2019 0.9%
2018 7.3%
2017 5.8%
2016 6.8%
Fund Manager information for Nippon India Ultra Short Duration Fund
NameSinceTenure

Data below for Nippon India Ultra Short Duration Fund as on 28 Feb 26

Asset Allocation
Asset ClassValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

2. 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.

Research Highlights for Aditya Birla Sun Life Savings Fund

  • Top quartile AUM (₹21,467 Cr).
  • Established history (22+ yrs).
  • Top rated.
  • Risk profile: Moderately Low.
  • 1Y return: 6.52% (top quartile).
  • 1M return: 0.41% (bottom quartile).
  • Sharpe: 2.39 (top quartile).
  • Information ratio: 0.00 (top quartile).
  • Yield to maturity (debt): 7.14% (top quartile).
  • Modified duration: 0.48 yrs (bottom quartile).
  • Average maturity: 0.55 yrs (lower mid).
  • Exit load: NIL.

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 (08 Apr 26) ₹574.388 ↑ 0.35   (0.06 %)
Net Assets (Cr) ₹21,467 on 28 Feb 26
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.55
Sharpe Ratio 2.39
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.14%
Effective Maturity 6 Months 18 Days
Modified Duration 5 Months 23 Days

Growth of 10,000 investment over the years.

DateValue

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 8 Apr 26

DurationReturns
1 Month 0.4%
3 Month 1.3%
6 Month 2.8%
1 Year 6.5%
3 Year 7.3%
5 Year 6.3%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2025 7.4%
2024 7.9%
2023 7.2%
2022 4.8%
2021 3.9%
2020 7%
2019 8.5%
2018 7.6%
2017 7.2%
2016 9.2%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure

Data below for Aditya Birla Sun Life Savings Fund as on 28 Feb 26

Asset Allocation
Asset ClassValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

3. Kotak Savings Fund

(Erstwhile Kotak Treasury Advantage Fund)

The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Research Highlights for Kotak Savings Fund

  • Upper mid AUM (₹16,105 Cr).
  • Established history (21+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: Moderately Low.
  • 1Y return: 6.12% (lower mid).
  • 1M return: 0.46% (lower mid).
  • Sharpe: 1.80 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 7.12% (upper mid).
  • Modified duration: 0.48 yrs (bottom quartile).
  • Average maturity: 0.55 yrs (lower mid).
  • Exit load: NIL.

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (08 Apr 26) ₹44.8102 ↑ 0.02   (0.04 %)
Net Assets (Cr) ₹16,105 on 28 Feb 26
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.81
Sharpe Ratio 1.8
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.12%
Effective Maturity 6 Months 18 Days
Modified Duration 5 Months 23 Days

Growth of 10,000 investment over the years.

DateValue

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 8 Apr 26

DurationReturns
1 Month 0.5%
3 Month 1.4%
6 Month 2.7%
1 Year 6.1%
3 Year 6.8%
5 Year 5.8%
10 Year
15 Year
Since launch 7.2%
Historical performance (Yearly) on absolute basis
YearReturns
2025 6.8%
2024 7.2%
2023 6.8%
2022 4.5%
2021 3.2%
2020 5.8%
2019 7.8%
2018 7.4%
2017 6.7%
2016 8.2%
Fund Manager information for Kotak Savings Fund
NameSinceTenure

Data below for Kotak Savings Fund as on 28 Feb 26

Asset Allocation
Asset ClassValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

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.

Research Highlights for ICICI Prudential Ultra Short Term Fund

  • Upper mid AUM (₹14,897 Cr).
  • Established history (14+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: Moderate.
  • 1Y return: 6.42% (top quartile).
  • 1M return: 0.57% (upper mid).
  • Sharpe: 2.28 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 7.11% (upper mid).
  • Modified duration: 0.44 yrs (lower mid).
  • Average maturity: 0.54 yrs (upper mid).
  • Exit load: 0-1 Months (0.5%),1 Months and above(NIL).

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 (08 Apr 26) ₹29.0045 ↑ 0.02   (0.08 %)
Net Assets (Cr) ₹14,897 on 15 Mar 26
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.8
Sharpe Ratio 2.28
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 7.11%
Effective Maturity 6 Months 14 Days
Modified Duration 5 Months 8 Days

Growth of 10,000 investment over the years.

DateValue

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 8 Apr 26

DurationReturns
1 Month 0.6%
3 Month 1.5%
6 Month 2.8%
1 Year 6.4%
3 Year 7%
5 Year 6.1%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2025 7.1%
2024 7.5%
2023 6.9%
2022 4.5%
2021 4%
2020 6.5%
2019 8.4%
2018 7.5%
2017 6.9%
2016 9.8%
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure

Data below for ICICI Prudential Ultra Short Term Fund as on 15 Mar 26

Asset Allocation
Asset ClassValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

5. Invesco India Ultra Short Term Fund

(Erstwhile Invesco India Medium Term Bond Fund)

The objective is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments.

Research Highlights for Invesco India Ultra Short Term Fund

  • Bottom quartile AUM (₹1,292 Cr).
  • Established history (15+ yrs).
  • Rating: 3★ (lower mid).
  • Risk profile: Moderate.
  • 1Y return: 6.12% (lower mid).
  • 1M return: 0.62% (top quartile).
  • Sharpe: 1.54 (lower mid).
  • Information ratio: 0.00 (upper mid).
  • Yield to maturity (debt): 6.95% (upper mid).
  • Modified duration: 0.42 yrs (upper mid).
  • Average maturity: 0.44 yrs (upper mid).
  • Exit load: NIL.

Below is the key information for Invesco India Ultra Short Term Fund

Invesco India Ultra Short Term Fund
Growth
Launch Date 30 Dec 10
NAV (08 Apr 26) ₹2,819.03 ↑ 2.49   (0.09 %)
Net Assets (Cr) ₹1,292 on 28 Feb 26
Category Debt - Ultrashort Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 0.74
Sharpe Ratio 1.54
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.95%
Effective Maturity 5 Months 10 Days
Modified Duration 5 Months 2 Days

Growth of 10,000 investment over the years.

DateValue

Invesco India Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Invesco India Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Apr 26

DurationReturns
1 Month 0.6%
3 Month 1.5%
6 Month 2.8%
1 Year 6.1%
3 Year 6.9%
5 Year 5.8%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2025 6.8%
2024 7.5%
2023 6.6%
2022 4.1%
2021 3%
2020 5.1%
2019 7.6%
2018 7.3%
2017 7.1%
2016 9.1%
Fund Manager information for Invesco India Ultra Short Term Fund
NameSinceTenure

Data below for Invesco India Ultra Short Term Fund as on 28 Feb 26

Asset Allocation
Asset ClassValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

6. DSP 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."

Research Highlights for DSP Money Manager Fund

  • Lower mid AUM (₹3,714 Cr).
  • Established history (19+ yrs).
  • Rating: 2★ (bottom quartile).
  • Risk profile: Moderately Low.
  • 1Y return: 5.73% (bottom quartile).
  • 1M return: 0.46% (bottom quartile).
  • Sharpe: 0.95 (bottom quartile).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 6.93% (lower mid).
  • Modified duration: 0.43 yrs (lower mid).
  • Average maturity: 0.61 yrs (bottom quartile).
  • Exit load: NIL.

Below is the key information for DSP Money Manager Fund

DSP Money Manager Fund
Growth
Launch Date 31 Jul 06
NAV (08 Apr 26) ₹3,551.69 ↑ 3.25   (0.09 %)
Net Assets (Cr) ₹3,714 on 28 Feb 26
Category Debt - Ultrashort Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.02
Sharpe Ratio 0.95
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 6.93%
Effective Maturity 7 Months 10 Days
Modified Duration 5 Months 5 Days

Growth of 10,000 investment over the years.

DateValue

DSP 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 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 8 Apr 26

DurationReturns
1 Month 0.5%
3 Month 1.3%
6 Month 2.5%
1 Year 5.7%
3 Year 6.6%
5 Year 5.6%
10 Year
15 Year
Since launch 6.6%
Historical performance (Yearly) on absolute basis
YearReturns
2025 6.7%
2024 6.9%
2023 6.7%
2022 4.1%
2021 2.9%
2020 4.7%
2019 7.3%
2018 5%
2017 6%
2016 7.5%
Fund Manager information for DSP Money Manager Fund
NameSinceTenure

Data below for DSP Money Manager Fund as on 28 Feb 26

Asset Allocation
Asset ClassValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

7. Canara Robeco Ultra Short Term Fund

(Erstwhile Canara Robeco Treasury Advantage Fund)

To generate income/capital appreciation through a low risk strategy by investment in Money Market Instruments (MMI). However, there can be no assurance that the investment objective of the scheme will be realized.

Research Highlights for Canara Robeco Ultra Short Term Fund

  • Bottom quartile AUM (₹544 Cr).
  • Established history (17+ yrs).
  • Rating: 2★ (bottom quartile).
  • Risk profile: Low.
  • 1Y return: 5.83% (bottom quartile).
  • 1M return: 0.60% (upper mid).
  • Sharpe: 0.72 (bottom quartile).
  • Information ratio: 0.00 (lower mid).
  • Yield to maturity (debt): 6.90% (lower mid).
  • Modified duration: 0.39 yrs (upper mid).
  • Average maturity: 1.13 yrs (bottom quartile).
  • Exit load: NIL.

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 (08 Apr 26) ₹3,962.19 ↑ 3.29   (0.08 %)
Net Assets (Cr) ₹544 on 15 Mar 26
Category Debt - Ultrashort Bond
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Low
Expense Ratio 0.94
Sharpe Ratio 0.72
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.9%
Effective Maturity 1 Year 1 Month 15 Days
Modified Duration 4 Months 21 Days

Growth of 10,000 investment over the years.

DateValue

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 ₹197,169.
Net Profit of ₹17,169
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 8 Apr 26

DurationReturns
1 Month 0.6%
3 Month 1.4%
6 Month 2.6%
1 Year 5.8%
3 Year 6.5%
5 Year 5.4%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
2025 6.5%
2024 6.8%
2023 6.4%
2022 3.9%
2021 2.6%
2020 4.5%
2019 6.6%
2018 6.1%
2017 5.7%
2016 7.3%
Fund Manager information for Canara Robeco Ultra Short Term Fund
NameSinceTenure

Data below for Canara Robeco Ultra Short Term Fund as on 15 Mar 26

Asset Allocation
Asset ClassValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

8. 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.

Research Highlights for IDBI Ultra Short Term Fund

  • Bottom quartile AUM (₹146 Cr).
  • Established history (15+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately Low.
  • 1Y return: 6.39% (upper mid).
  • 1M return: 0.52% (upper mid).
  • Sharpe: -0.57 (bottom quartile).
  • Information ratio: 0.00 (bottom quartile).
  • Yield to maturity (debt): 6.83% (bottom quartile).
  • Modified duration: 0.19 yrs (top quartile).
  • Average maturity: 0.23 yrs (top quartile).
  • Exit load: NIL.

Below is the key information for IDBI Ultra Short Term Fund

IDBI Ultra Short Term Fund
Growth
Launch Date 3 Sep 10
NAV (28 Jul 23) ₹2,424.68 ↑ 0.44   (0.02 %)
Net Assets (Cr) ₹146 on 30 Jun 23
Category Debt - Ultrashort Bond
AMC IDBI Asset Management Limited
Rating
Risk Moderately Low
Expense Ratio 0.6
Sharpe Ratio -0.57
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 6.83%
Effective Maturity 2 Months 23 Days
Modified Duration 2 Months 10 Days

Growth of 10,000 investment over the years.

DateValue

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 8 Apr 26

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3.4%
1 Year 6.4%
3 Year 4.8%
5 Year 5.5%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Fund Manager information for IDBI Ultra Short Term Fund
NameSinceTenure

Data below for IDBI Ultra Short Term Fund as on 30 Jun 23

Asset Allocation
Asset ClassValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

9. UTI Ultra Short Term Fund

(Erstwhile UTI - Floating Rate Fund - Short Term Plan)

To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

Research Highlights for UTI Ultra Short Term Fund

  • Lower mid AUM (₹3,946 Cr).
  • Established history (22+ yrs).
  • Rating: 4★ (top quartile).
  • Risk profile: Moderately Low.
  • 1Y return: 5.88% (bottom quartile).
  • 1M return: 0.42% (bottom quartile).
  • Sharpe: 1.38 (lower mid).
  • Information ratio: 0.00 (bottom quartile).
  • Yield to maturity (debt): 6.76% (bottom quartile).
  • Modified duration: 0.40 yrs (upper mid).
  • Average maturity: 0.47 yrs (upper mid).
  • Exit load: NIL.

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund
Growth
Launch Date 29 Aug 03
NAV (08 Apr 26) ₹4,424.38 ↑ 3.85   (0.09 %)
Net Assets (Cr) ₹3,946 on 28 Feb 26
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.93
Sharpe Ratio 1.38
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 6.76%
Effective Maturity 5 Months 19 Days
Modified Duration 4 Months 23 Days

Growth of 10,000 investment over the years.

DateValue

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 ₹200,132.
Net Profit of ₹20,132
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 8 Apr 26

DurationReturns
1 Month 0.4%
3 Month 1.3%
6 Month 2.6%
1 Year 5.9%
3 Year 6.7%
5 Year 6.3%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
2025 6.6%
2024 7.2%
2023 6.7%
2022 4.2%
2021 6.1%
2020 5.3%
2019 3.3%
2018 7%
2017 6.6%
2016 8.9%
Fund Manager information for UTI Ultra Short Term Fund
NameSinceTenure

Data below for UTI Ultra Short Term Fund as on 28 Feb 26

Asset Allocation
Asset ClassValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

10. Nippon India Liquid Fund 

(Erstwhile Reliance Liquid Fund - Treasury 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.

Research Highlights for Nippon India Liquid Fund 

  • Highest AUM (₹32,736 Cr).
  • Established history (22+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Low.
  • 1Y return: 6.20% (upper mid).
  • 1M return: 0.67% (top quartile).
  • Sharpe: 2.60 (top quartile).
  • Information ratio: 0.00 (bottom quartile).
  • Yield to maturity (debt): 6.66% (bottom quartile).
  • Modified duration: 0.14 yrs (top quartile).
  • Average maturity: 0.15 yrs (top quartile).
  • Exit load: NIL.

Below is the key information for Nippon India Liquid Fund 

Nippon India Liquid Fund 
Growth
Launch Date 9 Dec 03
NAV (08 Apr 26) ₹6,672.84 ↑ 2.47   (0.04 %)
Net Assets (Cr) ₹32,736 on 28 Feb 26
Category Debt - Liquid Fund
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 0.33
Sharpe Ratio 2.6
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 6.66%
Effective Maturity 1 Month 25 Days
Modified Duration 1 Month 21 Days

Growth of 10,000 investment over the years.

DateValue

Nippon India 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 Nippon India 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 8 Apr 26

DurationReturns
1 Month 0.7%
3 Month 1.6%
6 Month 3.1%
1 Year 6.2%
3 Year 6.9%
5 Year 5.9%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
2025 6.5%
2024 7.3%
2023 7%
2022 4.8%
2021 3.2%
2020 4.3%
2019 6.7%
2018 7.4%
2017 6.7%
2016 7.7%
Fund Manager information for Nippon India Liquid Fund 
NameSinceTenure

Data below for Nippon India Liquid Fund  as on 28 Feb 26

Asset Allocation
Asset ClassValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

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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