+91-22-48913909Recurring 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 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. Below is the key information for IDBI Ultra Short Term Fund Returns up to 1 year are on 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 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. Research Highlights for Nippon India Ultra Short Duration Fund Below is the key information for Nippon India Ultra Short Duration 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. Research Highlights for ICICI Prudential Ultra Short Term Fund Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on The investment objective of the Scheme will be to provide investors with high level of liquidity along with regular income for their investment. The Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a low risk portfolio of money market and debt instruments with maturity of up to 91 days. However, there can be no assurance that the investment objective of the Scheme will be realized. Research Highlights for IDBI Liquid Fund Below is the key information for IDBI Liquid 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. Research Highlights for Kotak Savings Fund 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. Research Highlights for UTI Ultra Short Term Fund Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on (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 Below is the key information for Invesco India Ultra Short Term 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." Research Highlights for DSP Money Manager Fund Below is the key information for DSP Money Manager Fund Returns up to 1 year are on (Erstwhile SBI Magnum InstaCash Fund) To provide the investors an opportunity to earn returns through investment in
debt & money market securities, while having the benefit of a very high degree of liquidity. Research Highlights for SBI Magnum Ultra Short Duration Fund Below is the key information for SBI Magnum Ultra Short Duration Fund Returns up to 1 year are on 1. 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.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,435 30 Sep 22 ₹10,830 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 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
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for IDBI Ultra Short Term Fund
Name Since Tenure Data below for IDBI Ultra Short Term Fund as on 30 Jun 23
Asset Allocation
Asset Class Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (03 Oct 25) ₹558.157 ↑ 0.26 (0.05 %) Net Assets (Cr) ₹21,521 on 31 Aug 25 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.55 Sharpe Ratio 3.66 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.76% Effective Maturity 6 Months 11 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,435 30 Sep 22 ₹10,856 30 Sep 23 ₹11,624 30 Sep 24 ₹12,503 30 Sep 25 ₹13,481 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.6% 3 Month 1.5% 6 Month 3.6% 1 Year 7.8% 3 Year 7.5% 5 Year 6.2% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2015 8.9% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 11.21 Yr. Kaustubh Gupta 15 Jul 11 14.14 Yr. Monika Gandhi 22 Mar 21 4.45 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 43.9% Debt 55.85% Other 0.25% Debt Sector Allocation
Sector Value Corporate 58.06% Cash Equivalent 25.58% Government 16.11% Credit Quality
Rating Value AA 30.25% AAA 69.75% Top Securities Holdings / Portfolio
Name Holding Value Quantity Shriram Finance Limited
Debentures | -3% ₹614 Cr 60,000 Nirma Limited
Debentures | -2% ₹487 Cr 48,500 07.22 GJ Sdl 2028
Sovereign Bonds | -2% ₹377 Cr 37,500,000 Mankind Pharma Limited
Debentures | -2% ₹348 Cr 34,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹341 Cr 3,400
↑ 250 Bharti Telecom Limited
Debentures | -1% ₹321 Cr 3,200 Avanse Financial Services Limited
Debentures | -1% ₹301 Cr 30,000 Power Finance Corporation Limited
Debentures | -1% ₹298 Cr 30,000 ICICI Home Finance Company Limited
Debentures | -1% ₹271 Cr 27,000 Bharti Telecom Limited
Debentures | -1% ₹261 Cr 2,600 3. Nippon India Ultra Short Duration Fund
Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (03 Oct 25) ₹4,094.02 ↑ 2.02 (0.05 %) Net Assets (Cr) ₹11,076 on 31 Aug 25 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.12 Sharpe Ratio 2.31 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.72% Effective Maturity 8 Months 1 Day Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,852 30 Sep 22 ₹11,286 30 Sep 23 ₹12,030 30 Sep 24 ₹12,884 30 Sep 25 ₹13,797 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3.3% 1 Year 7.1% 3 Year 6.9% 5 Year 6.7% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 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% 2015 7.6% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 11.93 Yr. Kinjal Desai 25 May 18 7.28 Yr. Akshay Sharma 1 Dec 22 2.75 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 43.92% Debt 55.84% Other 0.24% Debt Sector Allocation
Sector Value Corporate 67.02% Cash Equivalent 19.97% Government 12.76% Credit Quality
Rating Value AA 18.36% AAA 81.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹487 Cr 48,500 Power Finance Corporation Limited
Debentures | -3% ₹352 Cr 35,000 Small Industries Development Bank Of India
Debentures | -2% ₹276 Cr 2,750 Vedanta Limited
Debentures | -2% ₹241 Cr 24,000 TATA Communications Limited
Debentures | -2% ₹227 Cr 22,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹201 Cr 20,000 182 Days Tbill
Sovereign Bonds | -2% ₹200 Cr 20,000,000 India (Republic of)
- | -2% ₹198 Cr 20,000,000 364 DTB 27112025
Sovereign Bonds | -2% ₹198 Cr 20,000,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹195 Cr 1,950
↑ 700 4. ICICI Prudential Ultra Short Term Fund
ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (03 Oct 25) ₹28.1783 ↑ 0.01 (0.05 %) Net Assets (Cr) ₹16,980 on 15 Sep 25 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.8 Sharpe Ratio 2.88 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 6.66% Effective Maturity 7 Months 2 Days Modified Duration 4 Months 20 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,444 30 Sep 22 ₹10,848 30 Sep 23 ₹11,587 30 Sep 24 ₹12,439 30 Sep 25 ₹13,356 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.6% 3 Month 1.5% 6 Month 3.5% 1 Year 7.4% 3 Year 7.2% 5 Year 6% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2015 9.1% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 8.8 Yr. Ritesh Lunawat 15 Jun 17 8.22 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 15 Sep 25
Asset Allocation
Asset Class Value Cash 51.54% Debt 48.19% Other 0.27% Debt Sector Allocation
Sector Value Corporate 52.58% Cash Equivalent 28.33% Government 16.18% Securitized 2.65% Credit Quality
Rating Value AA 18.31% AAA 81.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.11% Govt Stock 2028
Sovereign Bonds | -4% ₹731 Cr 72,318,200
↓ -10,181,800 LIC Housing Finance Ltd
Debentures | -4% ₹602 Cr 6,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹579 Cr 57,500 Radhakrishna Securitization Trust **
Unlisted bonds | -3% ₹450 Cr 450
↑ 450 National Bank For Agriculture And Rural Development
Debentures | -2% ₹376 Cr 3,750 Small Industries Development Bank Of India
Debentures | -2% ₹352 Cr 35,000
↑ 10,000 Vedanta Limited
Debentures | -2% ₹300 Cr 30,000 Piramal Finance Limited
Debentures | -2% ₹276 Cr 27,500 Larsen And Toubro Limited
Debentures | -1% ₹250 Cr 25,000 LIC Housing Finance Ltd
Debentures | -1% ₹226 Cr 2,250 5. IDBI Liquid Fund
IDBI Liquid Fund
Growth Launch Date 9 Jul 10 NAV (28 Jul 23) ₹2,454.04 ↑ 0.35 (0.01 %) Net Assets (Cr) ₹503 on 30 Jun 23 Category Debt - Liquid Fund AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Low Expense Ratio 0.17 Sharpe Ratio 0.2 Information Ratio -5.96 Alpha Ratio -0.21 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.66% Effective Maturity 1 Month 10 Days Modified Duration 1 Month 7 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,333 30 Sep 22 ₹10,761 Returns for IDBI Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 3.4% 1 Year 6.6% 3 Year 4.5% 5 Year 5.3% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for IDBI Liquid Fund
Name Since Tenure Data below for IDBI Liquid Fund as on 30 Jun 23
Asset Allocation
Asset Class Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 6. Kotak Savings Fund
Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (03 Oct 25) ₹43.5693 ↑ 0.02 (0.05 %) Net Assets (Cr) ₹15,667 on 31 Aug 25 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.81 Sharpe Ratio 2.02 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.41% Effective Maturity 5 Months 23 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,347 30 Sep 22 ₹10,731 30 Sep 23 ₹11,454 30 Sep 24 ₹12,268 30 Sep 25 ₹13,137 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3.3% 1 Year 7.1% 3 Year 7% 5 Year 5.6% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 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% 2015 8.6% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 17.39 Yr. Manu Sharma 1 Nov 22 2.84 Yr. Data below for Kotak Savings Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 54.37% Debt 45.35% Other 0.29% Debt Sector Allocation
Sector Value Corporate 54.98% Cash Equivalent 26.27% Government 17.11% Securitized 1.35% Credit Quality
Rating Value AA 9.45% AAA 90.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.2% Govt Stock 2025
Sovereign Bonds | -5% ₹800 Cr 80,000,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹688 Cr 68,500 Bajaj Housing Finance Limited
Debentures | -4% ₹645 Cr 6,420 National Bank For Agriculture And Rural Development
Debentures | -3% ₹482 Cr 47,500 Rec Limited
Debentures | -3% ₹477 Cr 47,500 Mankind Pharma Limited
Debentures | -2% ₹302 Cr 30,000 364 DTB 19mar2026
Sovereign Bonds | -2% ₹243 Cr 25,000,000 364 Days Tbill Red 28-05-2026
Sovereign Bonds | -2% ₹241 Cr 25,000,000 Bharti Telecom Limited
Debentures | -1% ₹226 Cr 2,250 Ptc Radhakrishna Securitisation Trust 28/09/2028(Radhakrishna Trust)** So
Unlisted bonds | -1% ₹210 Cr 210
↑ 210 7. UTI Ultra Short Term Fund
UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (03 Oct 25) ₹4,306.07 ↑ 2.25 (0.05 %) Net Assets (Cr) ₹4,181 on 31 Aug 25 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.93 Sharpe Ratio 1.96 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.4% Effective Maturity 5 Months 19 Days Modified Duration 4 Months 28 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,642 30 Sep 22 ₹11,025 30 Sep 23 ₹11,752 30 Sep 24 ₹12,590 30 Sep 25 ₹13,465 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3.2% 1 Year 7% 3 Year 6.9% 5 Year 6.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2015 8.5% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Anurag Mittal 21 Jan 25 0.61 Yr. Data below for UTI Ultra Short Term Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 58.86% Debt 40.84% Other 0.3% Debt Sector Allocation
Sector Value Corporate 57.66% Cash Equivalent 33.19% Government 8.85% Credit Quality
Rating Value AA 15.73% AAA 84.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity Shriram Finance Limited
Debentures | -2% ₹101 Cr 10,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹101 Cr 10,000 LIC Housing Finance Ltd
Debentures | -2% ₹100 Cr 1,000 182 Days Tbill
Sovereign Bonds | -2% ₹100 Cr 1,000,000,000 91 Days Tbill (Md 28/08/2025)
Sovereign Bonds | -2% ₹100 Cr 1,000,000,000 Cp Jsw Energy Ltd.
Debentures | -2% ₹97 Cr 1,000,000,000
↑ 1,000,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹75 Cr 7,500 Bajaj Housing Finance Limited
Debentures | -2% ₹75 Cr 750 Small Industries Development Bank Of India
Debentures | -2% ₹75 Cr 750 Jamnagar Utilities & Power Private Limited
Debentures | -2% ₹75 Cr 750
↑ 750 8. Invesco India Ultra Short Term Fund
Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (03 Oct 25) ₹2,740.84 ↑ 1.23 (0.04 %) Net Assets (Cr) ₹1,330 on 31 Aug 25 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.74 Sharpe Ratio 2.79 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.35% Effective Maturity 5 Months 28 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,320 30 Sep 22 ₹10,666 30 Sep 23 ₹11,360 30 Sep 24 ₹12,191 30 Sep 25 ₹13,066 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3.3% 1 Year 7.2% 3 Year 7% 5 Year 5.5% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 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% 2015 8.3% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 5.66 Yr. Vikas Garg 27 Jul 21 4.1 Yr. Data below for Invesco India Ultra Short Term Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 47.44% Debt 52.25% Other 0.31% Debt Sector Allocation
Sector Value Corporate 52.83% Cash Equivalent 35.15% Government 11.72% Credit Quality
Rating Value AA 19.13% AAA 80.87% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bank of Baroda
Debentures | -6% ₹73 Cr 7,500,000 Small Industries Development Bank Of India
Debentures | -4% ₹50 Cr 5,000,000 91 Days Tbill Red 30-10-2025
Sovereign Bonds | -4% ₹50 Cr 5,000,000 India (Republic of)
- | -4% ₹50 Cr 5,000,000 Summit Digitel Infrastructure Limited
Debentures | -3% ₹40 Cr 4,000,000 Sundaram Home Finance Limited
Debentures | -3% ₹35 Cr 3,500,000 Power Finance Corporation Limited
Debentures | -2% ₹25 Cr 2,500,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹25 Cr 2,500,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹25 Cr 2,500,000 ICICI Home Finance Company Limited
Debentures | -2% ₹25 Cr 2,500,000 9. DSP Money Manager Fund
DSP Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (03 Oct 25) ₹3,458.75 ↑ 1.62 (0.05 %) Net Assets (Cr) ₹3,845 on 31 Aug 25 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio 1.62 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.32% Effective Maturity 6 Months 22 Days Modified Duration 6 Months 4 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,307 30 Sep 22 ₹10,647 30 Sep 23 ₹11,329 30 Sep 24 ₹12,124 30 Sep 25 ₹12,972 Returns for DSP Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.3% 6 Month 3.1% 1 Year 7% 3 Year 6.8% 5 Year 5.4% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2015 7.9% Fund Manager information for DSP Money Manager Fund
Name Since Tenure Karan Mundhra 31 May 21 4.26 Yr. Shalini Vasanta 1 Jan 25 0.67 Yr. Data below for DSP Money Manager Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 66.62% Debt 32.96% Other 0.43% Debt Sector Allocation
Sector Value Corporate 50.43% Cash Equivalent 35.13% Government 14.02% Credit Quality
Rating Value AA 5.61% AAA 94.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -3% ₹102 Cr 10,000 Small Industries Development Bank Of India
Debentures | -3% ₹101 Cr 10,000 364 DTB 06112025
Sovereign Bonds | -3% ₹99 Cr 10,000,000 Aditya Birla Renewables Limited
Debentures | -2% ₹82 Cr 7,500 LIC Housing Finance Ltd
Debentures | -2% ₹79 Cr 750 LIC Housing Finance Ltd
Debentures | -2% ₹76 Cr 7,500 Kotak Mahindra Prime Limited
Debentures | -1% ₹55 Cr 5,000 Power Finance Corporation Limited
Debentures | -1% ₹54 Cr 500 Muthoot Finance Limited
Debentures | -1% ₹54 Cr 5,000
↑ 5,000 Mahindra Rural Housing Finance Limited
Debentures | -1% ₹53 Cr 5,000 10. SBI Magnum Ultra Short Duration Fund
SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (03 Oct 25) ₹6,074.49 ↑ 2.91 (0.05 %) Net Assets (Cr) ₹15,525 on 31 Aug 25 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.54 Sharpe Ratio 2.74 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.22% Effective Maturity 6 Months Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹10,360 30 Sep 22 ₹10,744 30 Sep 23 ₹11,479 30 Sep 24 ₹12,323 30 Sep 25 ₹13,216 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.4% 1 Year 7.3% 3 Year 7.2% 5 Year 5.7% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.4% 2023 7% 2022 4.5% 2021 3.4% 2020 5.9% 2019 8% 2018 7.9% 2017 6.6% 2016 7.7% 2015 8.3% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Sudhir Agrawal 15 May 25 0.3 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 54.71% Debt 44.99% Other 0.3% Debt Sector Allocation
Sector Value Corporate 51.81% Cash Equivalent 25.63% Government 19.97% Securitized 2.29% Credit Quality
Rating Value AA 3.68% AAA 96.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity Rec Limited
Debentures | -4% ₹694 Cr 6,950 5.63% Govt Stock 2026
Sovereign Bonds | -4% ₹685 Cr 68,500,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹516 Cr 5,150 HDFC Bank Ltd.
Debentures | -3% ₹484 Cr 10,000 Bharti Telecom Limited
Debentures | -2% ₹371 Cr 3,700 Radhakrishna Securitisation Trust (Obligor - Digital Fibre Infrastructure T
Unlisted bonds | -2% ₹355 Cr 355
↑ 355 Ntpc Limited
Debentures | -2% ₹349 Cr 34,800 National Bank For Agriculture And Rural Development
Debentures | -2% ₹296 Cr 29,500 Bank of Baroda
Debentures | -2% ₹292 Cr 6,000 Citicorp Finance (India) Limited
Debentures | -2% ₹250 Cr 25,000
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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