+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
Fund Selection Methodology used to find 10 funds
Liquid / Ultra Short Debt Mutual funds
The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. Below is the key information for Aditya Birla Sun Life Savings 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 (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 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 "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 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 Below is the key information for IDBI Ultra Short Term Fund Returns up to 1 year are on An open ended scheme which seeks to generate reasonable returns with low risk and high liquidity through a judicious mix of investment in money market
instruments and quality debt instruments. However, there is no assurance that the investment objective of the Scheme will be realised. Research Highlights for LIC MF Liquid Fund Below is the key information for LIC MF Liquid Fund Returns up to 1 year are on (Erstwhile BOI AXA Treasury Advantage Fund) The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments.
The Scheme is not providing any assured or guaranteed returns. Further, there is also no assurance that the investment objective of the Scheme will be achieved. Research Highlights for BOI AXA Ultra Short Duration Fund Below is the key information for BOI AXA Ultra Short Duration 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 1. Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (21 Oct 26) ₹594.213 ↓ -0.35 (-0.06 %) Net Assets (Cr) ₹16,279 on 30 Sep 26 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.57 Sharpe Ratio 0.96 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.61% Effective Maturity 7 Months 13 Days Modified Duration 6 Months 7 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 21 ₹10,000 30 Sep 22 ₹10,404 30 Sep 23 ₹11,140 30 Sep 24 ₹11,981 30 Sep 25 ₹12,919 30 Sep 26 ₹13,735 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 26 Duration Returns 1 Month 0.3% 3 Month 1.4% 6 Month 3.1% 1 Year 6.2% 3 Year 7.2% 5 Year 6.6% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Sunaina Cunha 20 Jun 14 12.21 Yr. Kaustubh Gupta 15 Jul 11 15.14 Yr. Monika Gandhi 22 Mar 21 5.45 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 39.91% Debt 60.09% Debt Sector Allocation
Sector Value Corporate 71.12% Government 19.75% Cash Equivalent 9.12% Credit Quality
Rating Value AA 33.08% AAA 66.92% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -5% ₹850 Cr 85,000,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -4% ₹739 Cr 15,300 Shriram Finance Limited
Debentures | -3% ₹530 Cr 52,500 Vedanta Limited
Debentures | -2% ₹450 Cr 44,500 Bharti Telecom Limited
Debentures | -2% ₹397 Cr 40,000 Muthoot Finance Limited
Debentures | -2% ₹324 Cr 32,500 Mankind Pharma Limited
Debentures | -2% ₹320 Cr 32,000 Avanse Financial Services Limited
Debentures | -2% ₹298 Cr 30,000 Adani Airport Holdings Limited
Debentures | -2% ₹296 Cr 30,000 AU Small Finance Bank Ltd.
Debentures | -2% ₹292 Cr 6,000 2. ICICI Prudential Ultra Short Term Fund
ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (21 Oct 26) ₹29.9561 ↓ -0.02 (-0.06 %) Net Assets (Cr) ₹15,236 on 30 Sep 26 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.78 Sharpe Ratio 0.96 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 7.37% Effective Maturity 1 Year 3 Months 18 Days Modified Duration 10 Months 17 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 21 ₹10,000 30 Sep 22 ₹10,388 30 Sep 23 ₹11,095 30 Sep 24 ₹11,911 30 Sep 25 ₹12,789 30 Sep 26 ₹13,586 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 26 Duration Returns 1 Month 0.3% 3 Month 1.4% 6 Month 2.9% 1 Year 6% 3 Year 6.9% 5 Year 6.3% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Manish Banthia 15 Nov 16 9.8 Yr. Ritesh Lunawat 15 Jun 17 9.22 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 81.46% Debt 18.23% Other 0.31% Debt Sector Allocation
Sector Value Corporate 60.13% Cash Equivalent 48.04% Credit Quality
Rating Value AA 18.98% AAA 81.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -3% ₹499 Cr 50,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹374 Cr 37,500
↑ 12,500 Small Industries Development Bank Of India
Debentures | -2% ₹350 Cr 35,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹326 Cr 32,500 Vedanta Limited
Debentures | -2% ₹318 Cr 31,500 6.17% Govt Stock 2028
Sovereign Bonds | -2% ₹310 Cr 30,773,600 India (Republic of)
- | -2% ₹299 Cr 30,000,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -2% ₹271 Cr 275 AU Small Finance Bank Ltd.
Debentures | -2% ₹246 Cr 5,000 Piramal Finance Limited
Debentures | -1% ₹231 Cr 23,000 3. UTI Ultra Short Term Fund
UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (21 Oct 26) ₹4,567.36 ↓ -2.59 (-0.06 %) Net Assets (Cr) ₹3,017 on 30 Sep 26 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.93 Sharpe Ratio 0.65 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.29% Effective Maturity 6 Months 15 Days Modified Duration 5 Months 10 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 21 ₹10,000 30 Sep 22 ₹10,360 30 Sep 23 ₹11,043 30 Sep 24 ₹11,830 30 Sep 25 ₹12,653 30 Sep 26 ₹13,409 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 26 Duration Returns 1 Month 0.3% 3 Month 1.4% 6 Month 2.9% 1 Year 5.8% 3 Year 6.6% 5 Year 6% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Anurag Mittal 21 Jul 26 0.12 Yr. Data below for UTI Ultra Short Term Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 68.18% Debt 31.46% Other 0.36% Debt Sector Allocation
Sector Value Corporate 58.26% Cash Equivalent 27.19% Government 14.19% Credit Quality
Rating Value AA 27.31% AAA 72.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity 26/11/2026 Maturing 364 DTB
Sovereign Bonds | -5% ₹198 Cr 2,000,000,000 Axis Bank Ltd.
Debentures | -4% ₹146 Cr 1,500,000,000 Godrej Properties Limited
Debentures | -2% ₹90 Cr 9,000 Piramal Finance Limited
Debentures | -2% ₹85 Cr 8,500 Nuvama Wealth Finance Limited
Debentures | -2% ₹75 Cr 7,500 360 One Prime Limited
Debentures | -2% ₹75 Cr 7,500 Poonawalla Fincorp Limited
Debentures | -2% ₹75 Cr 7,500 Ujjivan Small Finance Bank Limited
Debentures | -2% ₹74 Cr 750,000,000 Aditya Birla Renewables Limited
Debentures | -2% ₹65 Cr 6,500 360 One Prime Limited
Debentures | -1% ₹50 Cr 5,000 4. Kotak Savings Fund
Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (21 Oct 26) ₹46.2192 ↓ -0.02 (-0.05 %) Net Assets (Cr) ₹15,261 on 30 Sep 26 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.81 Sharpe Ratio 0.59 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.24% Effective Maturity 5 Months 26 Days Modified Duration 4 Months 17 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 21 ₹10,000 30 Sep 22 ₹10,371 30 Sep 23 ₹11,070 30 Sep 24 ₹11,857 30 Sep 25 ₹12,696 30 Sep 26 ₹13,459 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 26 Duration Returns 1 Month 0.3% 3 Month 1.3% 6 Month 2.8% 1 Year 5.8% 3 Year 6.7% 5 Year 6.1% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Deepak Agrawal 7 Sep 26 0 Yr. Manu Sharma 7 Sep 26 0 Yr. Data below for Kotak Savings Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 56.28% Debt 43.42% Other 0.3% Debt Sector Allocation
Sector Value Corporate 57.39% Cash Equivalent 21.41% Government 20.91% Credit Quality
Rating Value AA 19.01% AAA 80.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹576 Cr 57,500 India (Republic of)
- | -3% ₹513 Cr 52,490,600 Tamil Nadu (Government of) 0.0654%
- | -3% ₹444 Cr 45,000,000 Mankind Pharma Limited
Debentures | -2% ₹300 Cr 30,000 Muthoot Finance Limited
Debentures | -2% ₹298 Cr 30,000 6.9% Maharashtra Sgs 2030
Sovereign Bonds | -2% ₹297 Cr 30,000,000 India (Republic of)
- | -2% ₹247 Cr 25,000,000
↑ 25,000,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -1% ₹203 Cr 210 Vedanta Aluminium Metal Limited
Debentures | -1% ₹201 Cr 20,000 TATA Projects Limited
Debentures | -1% ₹200 Cr 20,000 5. DSP Money Manager Fund
DSP Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (21 Oct 26) ₹3,665.54 ↓ -2.18 (-0.06 %) Net Assets (Cr) ₹4,425 on 30 Sep 26 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio 0.44 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.12% Effective Maturity 2 Months 5 Days Modified Duration 6 Months 22 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 21 ₹10,000 30 Sep 22 ₹10,330 30 Sep 23 ₹10,992 30 Sep 24 ₹11,763 30 Sep 25 ₹12,585 30 Sep 26 ₹13,328 Returns for DSP Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 26 Duration Returns 1 Month 0.2% 3 Month 1.3% 6 Month 2.8% 1 Year 5.7% 3 Year 6.5% 5 Year 5.9% 10 Year 15 Year Since launch 6.6% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Karan Mundhra 31 May 21 5.26 Yr. Shalini Vasanta 1 Jan 25 1.67 Yr. Data below for DSP Money Manager Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 57.79% Debt 42.21% Debt Sector Allocation
Sector Value Corporate 61.18% Cash Equivalent 22.95% Government 15.86% Credit Quality
Rating Value AA 17.79% AAA 82.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹87 Cr 8,000 LIC Housing Finance Ltd
Debentures | -2% ₹87 Cr 850 Aditya Birla Renewables Limited
Debentures | -2% ₹81 Cr 7,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹81 Cr 7,500 360 One Prime Limited
Debentures | -2% ₹76 Cr 7,500 6.38% Maharashtra Sdl 2027
Sovereign Bonds | -2% ₹75 Cr 7,500,000 Indian Bank
Domestic Bonds | -2% ₹71 Cr 1,500
↑ 500 Piramal Finance Limited
Debentures | -1% ₹60 Cr 5,500 Nuvama Wealth And Investment Limited
Debentures | -1% ₹53 Cr 5,000 Torrent Pharmaceuticals Ltd
Debentures | -1% ₹52 Cr 5,000 6. SBI Magnum Ultra Short Duration Fund
SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (21 Oct 26) ₹6,460.47 ↓ -3.65 (-0.06 %) Net Assets (Cr) ₹11,237 on 30 Sep 26 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.55 Sharpe Ratio 0.94 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.03% Effective Maturity 5 Months 23 Days Modified Duration 3 Months 14 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 21 ₹10,000 30 Sep 22 ₹10,371 30 Sep 23 ₹11,080 30 Sep 24 ₹11,895 30 Sep 25 ₹12,757 30 Sep 26 ₹13,549 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 26 Duration Returns 1 Month 0.3% 3 Month 1.4% 6 Month 2.9% 1 Year 6.1% 3 Year 6.9% 5 Year 6.3% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2025 7% 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% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Sudhir Agrawal 15 May 25 1.3 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 108.18% Other 0.41% Debt Sector Allocation
Sector Value Cash Equivalent 67.65% Corporate 45.43% Credit Quality
Rating Value AA 21.96% AAA 78.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -7% ₹796 Cr 80,000,000 Muthoot Finance Limited
Debentures | -3% ₹324 Cr 32,500 Adani Power Limited
Debentures | -3% ₹300 Cr 30,000 Deutsche Bank AG
- | -2% -₹250 Cr HSBC Bank PLC
Debentures | -2% -₹250 Cr Avanse Financial Services Limited
Debentures | -2% ₹249 Cr 25,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -2% ₹247 Cr 255 Axis Bank Ltd.
Debentures | -2% ₹246 Cr 5,000 Bharat Petroleum Corporation Limited
Debentures | -2% ₹200 Cr 2,000
↑ 2,000 Muthoot Finance Limited
Debentures | -2% ₹199 Cr 20,000 7. 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 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 26 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 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 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 8. LIC MF Liquid Fund
LIC MF Liquid Fund
Growth Launch Date 11 Mar 02 NAV (21 Oct 26) ₹5,108.06 ↓ -0.05 (0.00 %) Net Assets (Cr) ₹12,872 on 30 Sep 26 Category Debt - Liquid Fund AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating ☆☆☆ Risk Low Expense Ratio 0.25 Sharpe Ratio 2.86 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.68% Effective Maturity 1 Month 23 Days Modified Duration 1 Month 23 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 21 ₹10,000 30 Sep 22 ₹10,395 30 Sep 23 ₹11,100 30 Sep 24 ₹11,922 30 Sep 25 ₹12,723 30 Sep 26 ₹13,533 Returns for LIC MF Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 26 Duration Returns 1 Month 0.4% 3 Month 1.5% 6 Month 3.1% 1 Year 6.4% 3 Year 6.8% 5 Year 6.3% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.4% 2024 7.4% 2023 7% 2022 4.7% 2021 3.3% 2020 4.3% 2019 6.5% 2018 7.3% 2017 6.6% 2016 7.6% Fund Manager information for LIC MF Liquid Fund
Name Since Tenure Rahul Singh 5 Oct 15 10.92 Yr. Aakash Dhulia 1 Sep 25 1 Yr. Data below for LIC MF Liquid Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 99.77% Other 0.23% Debt Sector Allocation
Sector Value Cash Equivalent 84.9% Government 13.02% Corporate 1.85% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -27% ₹4,002 Cr India (Republic of)
- | -4% ₹572 Cr 57,500,000
↓ -30,000,000 Motilal Oswal Financial Services Limited
Commercial Paper | -3% ₹500 Cr 10,000 Power Finance Corp Ltd.
Commercial Paper | -3% ₹421 Cr 8,500
↑ 4,500 Small Industries Development Bank of India
Debentures | -3% ₹398 Cr 8,000 India (Republic of)
- | -3% ₹397 Cr 40,000,000 India (Republic of)
- | -3% ₹396 Cr 40,000,000
↑ 40,000,000 Titan Company Ltd. **
Net Current Assets | -2% ₹347 Cr 7,000
↑ 7,000 Punjab National Bank
Debentures | -2% ₹300 Cr 6,000 Hindustan Petroleum Corp Ltd.
Domestic Bonds | -2% ₹296 Cr 6,000
↑ 6,000 9. BOI AXA Ultra Short Duration Fund
BOI AXA Ultra Short Duration Fund
Growth Launch Date 16 Jul 08 NAV (21 Oct 26) ₹3,402.29 ↓ -2.04 (-0.06 %) Net Assets (Cr) ₹196 on 30 Sep 26 Category Debt - Ultrashort Bond AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.85 Sharpe Ratio 0.58 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.66% Effective Maturity 5 Months 5 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 21 ₹10,000 30 Sep 22 ₹10,366 30 Sep 23 ₹11,019 30 Sep 24 ₹11,736 30 Sep 25 ₹12,525 30 Sep 26 ₹13,268 Returns for BOI AXA Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 26 Duration Returns 1 Month 0.2% 3 Month 1.3% 6 Month 2.7% 1 Year 5.8% 3 Year 6.3% 5 Year 5.8% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.5% 2024 6.7% 2023 6.2% 2022 4.4% 2021 3.2% 2020 4.9% 2019 7.5% 2018 7.6% 2017 8% 2016 9.1% Fund Manager information for BOI AXA Ultra Short Duration Fund
Name Since Tenure Mithraem Bharucha 17 Aug 21 5.04 Yr. Data below for BOI AXA Ultra Short Duration Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 73.89% Debt 25.84% Other 0.27% Debt Sector Allocation
Sector Value Corporate 49.24% Cash Equivalent 38.59% Government 11.9% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Power Finance Corporation Limited
Debentures | -7% ₹14 Cr 1,400,000 Rec Limited
Debentures | -6% ₹12 Cr 1,200,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -6% ₹11 Cr 1,100,000 25/12/2026 Maturing 364 DTB
Sovereign Bonds | -3% ₹5 Cr 500,000 India (Republic of)
- | -3% ₹5 Cr 500,000 Tbill
Sovereign Bonds | -1% ₹2 Cr 250,000
↑ 250,000 Tbill
Sovereign Bonds | -1% ₹2 Cr 175,000 08/10/2026 Maturing 364 DTB
Sovereign Bonds | -0% ₹1 Cr 79,600 Corporate Debt Market Development Fund #
- | -0% ₹1 Cr 417 Export-Import Bank Of India
Commercial Paper | -8% ₹15 Cr 1,500,000
↑ 1,500,000 10. 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 Returns for IDBI Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 26 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 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 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
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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