Table of Contents
- Recurring Deposit (RD)
- Fixed Deposit (FD)
- Recurring Deposit VS Fixed Deposit
- Recurring Deposit VS Fixed Deposit: Where to Earn More?
- Other Alternatives
Top 10 Funds
- Aditya Birla Sun Life Savings Fund
- Nippon India Ultra Short Duration Fund
- ICICI Prudential Ultra Short Term Fund
- DSP BlackRock Money Manager Fund
- Kotak Savings Fund
- Invesco India Ultra Short Term Fund
- Canara Robeco Ultra Short Term Fund
- SBI Magnum Ultra Short Duration Fund
- UTI Ultra Short Term Fund
- Baroda Pioneer Liquid Fund
Recurring Deposit Vs Fixed Deposit: Which is Better?
Recurring deposit Vs Fixed Deposit? Thinking where to save your money? Well, many times, investors get confused whether to invest in a Recurring Deposit (RD) or a Fixed Deposit (FD). Though they are the most popular saving schemes, especially amongst risk-averse investors, it is important to understand how RD and FD differ from each other and which is a better Investing option.
Recurring Deposit (RD)
RD is a Financial Instrument mainly directed towards encouraging savings. In this scheme, investors have the flexibility to save a specific sum every month either in a Bank’s or financial institution’s RD account for a predetermined tenure and earn interest on this amount. At maturity, interest is paid out along with the principal amount.
Fixed Deposit (FD)
Fixed deposits are a type of financial instruments provided by banks for a fixed predefined tenure and a Fixed Rate of Interest. In this scheme, a fixed sum is deposited once at the time of creating an FD account. At the end of the tenure, the interest amount for the chosen tenure is calculated with the principal amount and the total sum is paid out cumulatively.
Recurring Deposit VS Fixed Deposit
| Parameters | Recurring Deposit (RD) | Fixed Deposit (FD) |
|---|---|---|
| Tenure | Tenure of RD usually varies from 6 months to 10 years | Tenure of FD scheme ranges between 7 days to 10 years |
| Interest Calculations | compounding of interest generally occurs on every quarter for an RD scheme | In FD, compound interest is calculated on the interest accrued every year |
| Eligibility | All resident Indians and Hindu Undivided Families (HUFs) are eligible to open RD account. This account can also be opened for minors by their parents or legal guardians | All resident Indians and Hindu Undivided Families (HUFs) are eligible to open a fixed deposit account |
| Tax Benefits | No tax benefit is offered in this scheme | For Fixed Deposit, a tax exemption under the Section 80C of income tax Act 1961 is applicable. This is applicable for deposits over 5 years (as per current laws) |
| Rate of Return | The interest rate is same as FD but usually, depends on tenure and monthly investment amount | The interest rate is same as RD but depends on the Capital and tenure opted for |
| Additional Benefits | Most banks offer loans for up to 90% of the deposit value | Most banks offer loans for up to 70%- 90% of the deposit value. |
| Withdrawals | In some case, premature withdrawal is allowed without a penalty. While some banks may charge a penalty | Premature withdrawal is allowed with a penalty |
| Income Interest | Interest earned on RD is taxable and most banks deduct TDS | Interest earned on FD is taxable and most of the banks deduct TDS |
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Recurring Deposit VS Fixed Deposit: Where to Earn More?
Since both RD and FD are suitable for risk-averse investors, the final choice depends on one’s needs. In an FD account, interest is compounded on the initial lump sum deposited. The entire deposited amount earns interest for a year. However, in a RD, only the 1st deposit earns interest for the first year, i.e. 12 months. The second deposit earns interest for 11 months, the third for 10 months, and so on. The compounding effect enables Fixed Deposits to generate higher returns for the investors.
Though in time, one can earn more money with a Fixed Deposit (example illustrated below), but it does not have the flexibility of a Recurring Deposit account in terms of being able to deposit small amounts monthly. So, those who don’t have a lump sum to invest can prefer monthly investments.
For better understanding, we have illustrated the difference in both the schemes. Users can hence clearly understand and choose well.
Illustration:
Lets’ assume you invest INR 1000 (monthly for a year) in a Recurring Deposit and you have invested lump sum INR 12,000 in a Fixed Deposit at the start of the year. Both these products offer you a 9 percent interest compounded quarterly. So, the Earnings from these two schemes is as given below-
| Particulars | Recurring Deposit (RD) | Fixed Deposit (FD) |
|---|---|---|
| Amount Invested | INR 5,000 (monthly) | INR 60,000 (lump sum) |
| Tenure | 12 months | 12 months |
| Annual Interest Rates | 6% | 6% |
| Total Amount Earned | INR 61,986 | INR 63,701 |
| Net Profit | INR 1,986 | INR 3,701 |
Now when you know the major difference between RD and FD, you can choose one and invest wisely. Though FD gives a better growth comparatively to RD, most of the time, it is not feasible for a single instrument to meet all your needs. So, when you don’t have a lump sum to invest, you can save a smaller amount from your income every month and invest in a Recurring Deposit!
Other Alternatives
Liquid / Ultra Short Debt Mutual funds
The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. Aditya Birla Sun Life Savings Fund is a Debt - Ultrashort Bond fund was launched on 16 Apr 03. It is a fund with Moderately Low risk and has given a Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (Erstwhile Reliance Liquid Fund - Cash Plan) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Nippon India Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 7 Dec 01. It is a fund with Low risk and has given a Below is the key information for Nippon India Ultra Short Duration Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Regular Income Fund) The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on "The primary investment objective of the Scheme is to seek to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities. However, there can be no assurance that the investment objective of the Scheme will be realized." DSP BlackRock Money Manager Fund is a Debt - Ultrashort Bond fund was launched on 31 Jul 06. It is a fund with Moderately Low risk and has given a Below is the key information for DSP BlackRock Money Manager Fund Returns up to 1 year are on (Erstwhile Kotak Treasury Advantage Fund) The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. Kotak Savings Fund is a Debt - Ultrashort Bond fund was launched on 13 Aug 04. It is a fund with Moderately Low risk and has given a Below is the key information for Kotak Savings Fund Returns up to 1 year are on (Erstwhile 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. Invesco India Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 30 Dec 10. It is a fund with Moderate risk and has given a Below is the key information for Invesco India Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Canara Robeco Treasury Advantage Fund) To generate income/capital appreciation through a low risk strategy by investment in Money Market Instruments (MMI). However, there can be no assurance that the investment objective of the scheme will be realized. Canara Robeco Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 14 Jul 08. It is a fund with Low risk and has given a Below is the key information for Canara Robeco Ultra Short Term Fund Returns up to 1 year are on (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. SBI Magnum Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 21 May 99. It is a fund with Low risk and has given a Below is the key information for SBI Magnum Ultra Short Duration Fund Returns up to 1 year are on (Erstwhile UTI - Floating Rate Fund - Short Term Plan) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on To generate income with a high level of liquidity by investing in a portfolio of money market and debt securities. Baroda Pioneer Liquid Fund is a Debt - Liquid Fund fund was launched on 5 Feb 09. It is a fund with Low risk and has given a Below is the key information for Baroda Pioneer Liquid Fund Returns up to 1 year are on 1. Aditya Birla Sun Life Savings Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 6 in Ultrashort Bond category. Return for 2022 was 4.8% , 2021 was 3.9% and 2020 was 7% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (23 Mar 23) ₹463.053 ↑ 0.21 (0.05 %) Net Assets (Cr) ₹14,457 on 28 Feb 23 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.49 Sharpe Ratio -0.81 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.83% Effective Maturity 6 Months Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,805 29 Feb 20 ₹11,689 28 Feb 21 ₹12,420 28 Feb 22 ₹12,946 28 Feb 23 ₹13,609 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.2% 1 Year 5.3% 3 Year 5.7% 5 Year 6.3% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.8% 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% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 14 Jun 14 8.64 Yr. Kaustubh Gupta 15 Jul 11 11.56 Yr. Monika Gandhi 22 Mar 21 1.87 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 64.26% Debt 35.74% Debt Sector Allocation
Sector Value Corporate 45.34% Cash Equivalent 37.84% Government 16.81% Credit Quality
Rating Value AA 20.74% AAA 79.26% Top Securities Holdings / Portfolio
Name Holding Value Quantity Housing Development Finance Corporation Ltd
Debentures | -4% ₹597 Cr 6,000 182 DTB 29062023
Sovereign Bonds | -3% ₹415 Cr 42,504,130 Bharti Telecom Limited
Debentures | -2% ₹324 Cr 3,250 Shriram Finance Limited
Debentures | -2% ₹277 Cr 2,750 Reliance Industries Limited
Debentures | -2% ₹253 Cr 2,500 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -2% ₹250 Cr 2,500 08.54 MH Sdl 2023
Sovereign Bonds | -2% ₹246 Cr 24,500,000 Housing Development Finance Corporation Ltd
Debentures | -2% ₹244 Cr 2,450 08.21 HR UDAY 2023
Domestic Bonds | -2% ₹235 Cr 23,500,000 08.39 RJ UDAY 2023
Domestic Bonds | -1% ₹215 Cr 21,477,000 2. Nippon India Ultra Short Duration Fund
CAGR/Annualized return of 6% since its launch. Ranked 62 in Ultrashort Bond category. Return for 2022 was 4.6% , 2021 was 7.8% and 2020 was 4.9% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (23 Mar 23) ₹3,443.79 ↑ 1.72 (0.05 %) Net Assets (Cr) ₹5,115 on 28 Feb 23 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.12 Sharpe Ratio -1.62 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.83% Effective Maturity 4 Months 28 Days Modified Duration 4 Months 16 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,769 29 Feb 20 ₹10,866 28 Feb 21 ₹11,306 28 Feb 22 ₹12,202 28 Feb 23 ₹12,799 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3% 1 Year 5.1% 3 Year 6.2% 5 Year 5.1% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.6% 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% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 9.34 Yr. Kinjal Desai 25 May 18 4.69 Yr. Data below for Nippon India Ultra Short Duration Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 74.21% Debt 25.79% Debt Sector Allocation
Sector Value Corporate 41.39% Cash Equivalent 40.01% Government 18.59% Credit Quality
Rating Value AA 22.72% AAA 77.28% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 10082023
Sovereign Bonds | -4% ₹193 Cr 20,000,000
↑ 20,000,000 The Tata Power Company Limited
Debentures | -3% ₹165 Cr 1,650 Tata Realty And Infrastructure Limited
Debentures | -3% ₹149 Cr 1,500 National Housing Bank
Debentures | -2% ₹124 Cr 1,250 Reliance Industries Limited
Debentures | -2% ₹101 Cr 1,000 08.39 RJ UDAY 2024
Domestic Bonds | -2% ₹101 Cr 10,000,000 Shriram Housing Finance Limited
Debentures | -2% ₹101 Cr 1,000 182 DTB 22062023
Sovereign Bonds | -2% ₹98 Cr 10,000,000 Shriram Finance Limited
Debentures | -2% ₹90 Cr 900 Nabha Power Limited
Debentures | -1% ₹75 Cr 750 3. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2022 was 4.5% , 2021 was 4% and 2020 was 6.5% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (23 Mar 23) ₹23.5581 ↑ 0.01 (0.05 %) Net Assets (Cr) ₹12,447 on 28 Feb 23 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.93 Sharpe Ratio -1.8 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 7.81% Effective Maturity 5 Months 23 Days Modified Duration 4 Months 28 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,774 29 Feb 20 ₹11,678 28 Feb 21 ₹12,359 28 Feb 22 ₹12,860 28 Feb 23 ₹13,494 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.1% 1 Year 5.2% 3 Year 5.4% 5 Year 6.1% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.5% 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% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 6.22 Yr. Ritesh Lunawat 15 Jun 17 5.64 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 67.64% Debt 32.36% Debt Sector Allocation
Sector Value Cash Equivalent 40.32% Corporate 37.84% Government 21.84% Credit Quality
Rating Value AA 18.7% AAA 81.3% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 29062023
Sovereign Bonds | -5% ₹683 Cr 70,000,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹574 Cr 5,750 182 DTB 06072023
Sovereign Bonds | -3% ₹463 Cr 47,500,000 Housing Development Finance Corporation Ltd
Debentures | -2% ₹310 Cr 3,100 Embassy Office Parks Reit
Debentures | -2% ₹271 Cr 2,750 Shriram Finance Limited
Debentures | -2% ₹200 Cr 2,000 Tata Housing Development Company Limited
Debentures | -2% ₹200 Cr 20,000 Ongc Petro Additions Limited
Debentures | -1% ₹190 Cr 1,900 Mahindra Rural Housing Finance Limited
Debentures | -1% ₹150 Cr 1,500 Embassy Office Parks Reit
Debentures | -1% ₹149 Cr 1,500 4. DSP BlackRock Money Manager Fund
CAGR/Annualized return of 6.6% since its launch. Ranked 75 in Ultrashort Bond category. Return for 2022 was 4.1% , 2021 was 2.9% and 2020 was 4.7% . DSP BlackRock Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (23 Mar 23) ₹2,917.7 ↑ 1.44 (0.05 %) Net Assets (Cr) ₹2,737 on 28 Feb 23 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.69 Sharpe Ratio -2.64 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.71% Effective Maturity 4 Months 10 Days Modified Duration 3 Months 29 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,527 29 Feb 20 ₹11,256 28 Feb 21 ₹11,731 28 Feb 22 ₹12,089 28 Feb 23 ₹12,632 Returns for DSP BlackRock Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3% 1 Year 4.7% 3 Year 4.3% 5 Year 4.8% 10 Year 15 Year Since launch 6.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.1% 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% Fund Manager information for DSP BlackRock Money Manager Fund
Name Since Tenure Kedar Karnik 17 Jul 16 6.55 Yr. Karan Mundhra 31 May 21 1.67 Yr. Data below for DSP BlackRock Money Manager Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 87.6% Debt 12.4% Debt Sector Allocation
Sector Value Cash Equivalent 46.03% Corporate 36.99% Government 16.98% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.16 5/20/2023 12:00:00 Am
Sovereign Bonds | -6% ₹153 Cr 15,000,000 182 DTB 06072023
Sovereign Bonds | -3% ₹73 Cr 7,500,000 364 Dtb 16022023
Sovereign Bonds | -2% ₹50 Cr 5,000,000 Union Bank of India
Domestic Bonds | -2% ₹46 Cr 1,000
↑ 1,000 Bharti Airtel Limited
Debentures | -2% ₹44 Cr 420
↑ 420 Sikka Ports & Terminals Limited
Debentures | -1% ₹26 Cr 250 364 Dtb 02032023
Sovereign Bonds | -1% ₹25 Cr 2,500,000 182 DTB 2023
Sovereign Bonds | -1% ₹25 Cr 2,500,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -1% ₹23 Cr 500
↑ 500 Goi 12.04.2023 Gov
Sovereign Bonds | -1% ₹20 Cr 1,970,500 5. Kotak Savings Fund
CAGR/Annualized return of 7.2% since its launch. Ranked 44 in Ultrashort Bond category. Return for 2022 was 4.5% , 2021 was 3.2% and 2020 was 5.8% . Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (23 Mar 23) ₹36.6156 ↑ 0.02 (0.05 %) Net Assets (Cr) ₹12,325 on 28 Feb 23 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.44 Sharpe Ratio -1.66 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.69% Effective Maturity 6 Months 18 Days Modified Duration 4 Months 20 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,779 29 Feb 20 ₹11,586 28 Feb 21 ₹12,192 28 Feb 22 ₹12,609 28 Feb 23 ₹13,221 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.1% 1 Year 5.1% 3 Year 4.9% 5 Year 5.7% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.5% 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% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 14.81 Yr. Vihag Mishra 30 Apr 22 0.76 Yr. Manu Sharma 1 Nov 22 0.25 Yr. Data below for Kotak Savings Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 66.51% Debt 33.49% Debt Sector Allocation
Sector Value Corporate 45.38% Cash Equivalent 28.35% Government 26.27% Credit Quality
Rating Value AA 11.66% AAA 88.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 16032023
Sovereign Bonds | -4% ₹498 Cr 50,000,000 182 DTB 01062023
Sovereign Bonds | -4% ₹490 Cr 50,000,000 182 DTB 09032023
Sovereign Bonds | -4% ₹438 Cr 44,000,000 Mahindra & Mahindra Financial Services Ltd
Debentures | -3% ₹348 Cr 3,500 7.16 5/20/2023 12:00:00 Am
Sovereign Bonds | -2% ₹250 Cr 25,000,000 Shriram Finance Limited
Debentures | -2% ₹247 Cr 2,450 Federal Bank
Debentures | -2% ₹232 Cr 25,000
↑ 25,000 The Tata Power Company Limited
Debentures | -2% ₹200 Cr 2,000 364 Dtb 15062023
Sovereign Bonds | -2% ₹196 Cr 20,000,000 Indian Bank
Domestic Bonds | -2% ₹186 Cr 20,000
↑ 20,000 6. Invesco India Ultra Short Term Fund
CAGR/Annualized return of 7% since its launch. Ranked 40 in Ultrashort Bond category. Return for 2022 was 4.1% , 2021 was 3% and 2020 was 5.1% . Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (23 Mar 23) ₹2,299.77 ↑ 1.09 (0.05 %) Net Assets (Cr) ₹818 on 28 Feb 23 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.89 Sharpe Ratio -2.32 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.61% Effective Maturity 5 Months 5 Days Modified Duration 4 Months 21 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,760 29 Feb 20 ₹11,538 28 Feb 21 ₹12,070 28 Feb 22 ₹12,455 28 Feb 23 ₹13,014 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3% 1 Year 4.8% 3 Year 4.5% 5 Year 5.4% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.1% 2021 3% 2020 5.1% 2019 7.6% 2018 7.3% 2017 7.1% 2016 9.1% 2015 8.3% 2014 10.1% 2013 6.1% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 3.08 Yr. Vikas Garg 27 Jul 21 1.52 Yr. Data below for Invesco India Ultra Short Term Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 58.98% Debt 41.02% Debt Sector Allocation
Sector Value Corporate 41.28% Cash Equivalent 31.99% Government 26.73% Credit Quality
Rating Value AA 17.23% AAA 82.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity Housing Development Finance Corporation Ltd
Debentures | -6% ₹50 Cr 5,000,000 182 DTB 08062023
Sovereign Bonds | -6% ₹49 Cr 5,000,000 182 DTB 15062023
Sovereign Bonds | -6% ₹49 Cr 5,000,000 7.16 5/20/2023 12:00:00 Am
Sovereign Bonds | -3% ₹25 Cr 2,500,000 Muthoot Finance Limited
Debentures | -3% ₹25 Cr 2,500,000 Bajaj Finance Limited
Debentures | -3% ₹25 Cr 2,500,000 Power Finance Corporation Ltd.
Debentures | -3% ₹25 Cr 2,500,000 Rec Limited
Debentures | -3% ₹25 Cr 2,500,000
↑ 2,500,000 Bharti Hexacom Limited
Debentures | -3% ₹24 Cr 2,500,000 Sikka Ports & Terminals Limited
Debentures | -2% ₹20 Cr 2,000,000 7. Canara Robeco Ultra Short Term Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 72 in Ultrashort Bond category. Return for 2022 was 3.9% , 2021 was 2.6% and 2020 was 4.5% . Canara Robeco Ultra Short Term Fund
Growth Launch Date 14 Jul 08 NAV (23 Mar 23) ₹3,272.5 ↑ 1.55 (0.05 %) Net Assets (Cr) ₹565 on 28 Feb 23 Category Debt - Ultrashort Bond AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆ Risk Low Expense Ratio 0.95 Sharpe Ratio -3.21 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.54% Effective Maturity 4 Months 6 Days Modified Duration 3 Months 27 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,630 29 Feb 20 ₹11,302 28 Feb 21 ₹11,756 28 Feb 22 ₹12,080 28 Feb 23 ₹12,607 Returns for Canara Robeco Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 2.9% 1 Year 4.6% 3 Year 3.9% 5 Year 4.8% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 3.9% 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% Fund Manager information for Canara Robeco Ultra Short Term Fund
Name Since Tenure Suman Prasad 12 Apr 11 11.82 Yr. Avnish Jain 1 Apr 22 0.84 Yr. Data below for Canara Robeco Ultra Short Term Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 83.23% Debt 16.77% Debt Sector Allocation
Sector Value Cash Equivalent 52.65% Corporate 26.55% Government 20.8% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 DTB 11012024
Sovereign Bonds | -8% ₹48 Cr 5,079,500 Larsen And Toubro Limited
Debentures | -6% ₹35 Cr 350 Ntpc Limited
Debentures | -5% ₹30 Cr 300 Reliance Industries Limited
Debentures | -4% ₹25 Cr 250 Power Finance Corporation Ltd.
Debentures | -4% ₹25 Cr 250 Rec Limited
Debentures | -4% ₹25 Cr 250 LIC Housing Finance Limited
Debentures | -4% ₹25 Cr 250 National Bank For Agriculture And Rural Development
Debentures | -4% ₹25 Cr 250 National Housing Bank
Debentures | -4% ₹25 Cr 250 08.21 RJ UDAY 2023
Domestic Bonds | -3% ₹20 Cr 2,000,000 8. SBI Magnum Ultra Short Duration Fund
CAGR/Annualized return of 7% since its launch. Return for 2022 was 4.5% , 2021 was 3.4% and 2020 was 5.9% . SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (23 Mar 23) ₹5,083.87 ↑ 2.43 (0.05 %) Net Assets (Cr) ₹8,908 on 28 Feb 23 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.49 Sharpe Ratio -1.4 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.53% Effective Maturity 5 Months 23 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,819 29 Feb 20 ₹11,644 28 Feb 21 ₹12,263 28 Feb 22 ₹12,699 28 Feb 23 ₹13,312 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Mar 23 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.1% 1 Year 5.1% 3 Year 4.9% 5 Year 5.9% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.5% 2021 3.4% 2020 5.9% 2019 8% 2018 7.9% 2017 6.6% 2016 7.7% 2015 8.3% 2014 9% 2013 9.3% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Mohit Jain 30 Nov 17 5.18 Yr. Arun R. 1 Jul 21 1.59 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 81.17% Debt 18.83% Debt Sector Allocation
Sector Value Cash Equivalent 49.68% Corporate 33.09% Government 17.23% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 91 DTB 18052023
Sovereign Bonds | -5% ₹492 Cr 50,000,000
↑ 50,000,000 7.37 4/16/2023 12:00:00 Am
Sovereign Bonds | -5% ₹411 Cr 41,000,000 91 DTB 20042023
Sovereign Bonds | -3% ₹297 Cr 30,000,000 7.10% Govt Stock 2029
Sovereign Bonds | -3% ₹250 Cr 25,000,000 182 DTB 30032023
Sovereign Bonds | -3% ₹224 Cr 22,550,400 91 DTB 16022023
Sovereign Bonds | -2% ₹200 Cr 20,000,000 7.16 5/20/2023 12:00:00 Am
Sovereign Bonds | -2% ₹150 Cr 15,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹149 Cr 1,500
↑ 1,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹149 Cr 1,500 Rec Limited
Debentures | -1% ₹125 Cr 1,250 9. UTI Ultra Short Term Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2022 was 4.2% , 2021 was 6.1% and 2020 was 5.3% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (23 Mar 23) ₹3,625.09 ↑ 1.89 (0.05 %) Net Assets (Cr) ₹2,131 on 28 Feb 23 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio -2.11 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.51% Effective Maturity 4 Months 30 Days Modified Duration 4 Months 25 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,720 29 Feb 20 ₹11,018 28 Feb 21 ₹11,584 28 Feb 22 ₹12,297 28 Feb 23 ₹12,867 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3% 1 Year 4.9% 3 Year 5.6% 5 Year 5.2% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.2% 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% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Ritesh Nambiar 1 Jul 15 7.59 Yr. Data below for UTI Ultra Short Term Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 79.74% Debt 20.26% Debt Sector Allocation
Sector Value Corporate 51.97% Cash Equivalent 37.58% Government 10.45% Credit Quality
Rating Value AA 14.94% AAA 85.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Telecom Limited
Debentures | -3% ₹59 Cr 600 National Bank For Agriculture And Rural Development
Debentures | -2% ₹50 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹50 Cr 500 Indian Railway Finance Corporation Limited
Debentures | -2% ₹50 Cr 500 Grasim Industries Limited
Debentures | -2% ₹50 Cr 500 Kotak Mahindra Prime Limited
Debentures | -2% ₹49 Cr 500 Embassy Office Parks Reit
Debentures | -2% ₹49 Cr 500 Shriram Finance Limited
Debentures | -2% ₹42 Cr 420 Bharti Airtel Limited
Debentures | -2% ₹35 Cr 350 Mahindra & Mahindra Financial Services Ltd
Debentures | -1% ₹29 Cr 300 10. Baroda Pioneer Liquid Fund
CAGR/Annualized return of 6.9% since its launch. Ranked 22 in Liquid Fund category. Return for 2022 was 4.9% , 2021 was 3.3% and 2020 was 4.1% . Baroda Pioneer Liquid Fund
Growth Launch Date 5 Feb 09 NAV (23 Mar 23) ₹2,565.53 ↑ 0.56 (0.02 %) Net Assets (Cr) ₹6,686 on 28 Feb 23 Category Debt - Liquid Fund AMC Baroda Pioneer Asset Management Co. Ltd. Rating ☆☆☆☆ Risk Low Expense Ratio 0.25 Sharpe Ratio -0.73 Information Ratio -2.09 Alpha Ratio -0.14 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.47% Effective Maturity 1 Month 13 Days Modified Duration 1 Month 9 Days Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,756 29 Feb 20 ₹11,433 28 Feb 21 ₹11,864 28 Feb 22 ₹12,267 28 Feb 23 ₹12,927 Returns for Baroda Pioneer Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Mar 23 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 3.3% 1 Year 5.6% 3 Year 4.3% 5 Year 5.3% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.9% 2021 3.3% 2020 4.1% 2019 6.6% 2018 7.5% 2017 6.7% 2016 7.8% 2015 8.4% 2014 9.1% 2013 9.2% Fund Manager information for Baroda Pioneer Liquid Fund
Name Since Tenure Mayank Prakash 21 Oct 22 0.28 Yr. Vikram Pamnani 14 Mar 22 0.89 Yr. Data below for Baroda Pioneer Liquid Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 100% Debt Sector Allocation
Sector Value Cash Equivalent 76.06% Corporate 16.87% Government 7.07% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps 16-Feb-2023
CBLO/Reverse Repo | -33% ₹2,647 Cr Net Receivable / Payable
CBLO | -5% -₹399 Cr Indian Railway Finance Corporation Limited
Debentures | -4% ₹348 Cr 3,500
↑ 3,500 National Bank For Agriculture And Rural Development
Commercial Paper | -3% ₹247 Cr 5,000 Axis Bank Limited
Certificate of Deposit | -3% ₹247 Cr 5,000 LIC Housing Finance Limited
Commercial Paper | -3% ₹246 Cr 5,000 Tata Capital Financial Services Limited
Commercial Paper | -3% ₹246 Cr 5,000
↑ 5,000 Reliance Jio Infocomm Ltd.
Commercial Paper | -3% ₹246 Cr 5,000
↑ 5,000 Reliance Retail Ventures Limited
Commercial Paper | -3% ₹245 Cr 5,000
↑ 5,000 Canara Bank
Certificate of Deposit | -3% ₹227 Cr 4,600
↑ 4,600
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