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Recurring Deposit Vs Fixed Deposit: Which is Better?

Updated on September 25, 2023 , 8013 views

Recurring deposit Vs Fixed Deposit? Thinking where to save your money? Well, many times, investors get confused whether to invest in a Recurring Deposit (RD) or a Fixed Deposit (FD). Though they are the most popular saving schemes, especially amongst risk-averse investors, it is important to understand how RD and FD differ from each other and which is a better Investing option.

Recurring Deposit (RD)

RD is a Financial Instrument mainly directed towards encouraging savings. In this scheme, investors have the flexibility to save a specific sum every month either in a Bank’s or financial institution’s RD account for a predetermined tenure and earn interest on this amount. At maturity, interest is paid out along with the principal amount.

Fixed Deposit (FD)

Fixed deposits are a type of financial instruments provided by banks for a fixed predefined tenure and a Fixed Rate of Interest. In this scheme, a fixed sum is deposited once at the time of creating an FD account. At the end of the tenure, the interest amount for the chosen tenure is calculated with the principal amount and the total sum is paid out cumulatively.

Recurring Deposit VS Fixed Deposit

Parameters Recurring Deposit (RD) Fixed Deposit (FD)
Tenure Tenure of RD usually varies from 6 months to 10 years Tenure of FD scheme ranges between 7 days to 10 years
Interest Calculations compounding of interest generally occurs on every quarter for an RD scheme In FD, compound interest is calculated on the interest accrued every year
Eligibility All resident Indians and Hindu Undivided Families (HUFs) are eligible to open RD account. This account can also be opened for minors by their parents or legal guardians All resident Indians and Hindu Undivided Families (HUFs) are eligible to open a fixed deposit account
Tax Benefits No tax benefit is offered in this scheme For Fixed Deposit, a tax exemption under the Section 80C of income tax Act 1961 is applicable. This is applicable for deposits over 5 years (as per current laws)
Rate of Return The interest rate is same as FD but usually, depends on tenure and monthly investment amount The interest rate is same as RD but depends on the Capital and tenure opted for
Additional Benefits Most banks offer loans for up to 90% of the deposit value Most banks offer loans for up to 70%- 90% of the deposit value.
Withdrawals In some case, premature withdrawal is allowed without a penalty. While some banks may charge a penalty Premature withdrawal is allowed with a penalty
Income Interest Interest earned on RD is taxable and most banks deduct TDS Interest earned on FD is taxable and most of the banks deduct TDS

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FD-Vs-RD

Recurring Deposit VS Fixed Deposit: Where to Earn More?

Since both RD and FD are suitable for risk-averse investors, the final choice depends on one’s needs. In an FD account, interest is compounded on the initial lump sum deposited. The entire deposited amount earns interest for a year. However, in a RD, only the 1st deposit earns interest for the first year, i.e. 12 months. The second deposit earns interest for 11 months, the third for 10 months, and so on. The compounding effect enables Fixed Deposits to generate higher returns for the investors.

Though in time, one can earn more money with a Fixed Deposit (example illustrated below), but it does not have the flexibility of a Recurring Deposit account in terms of being able to deposit small amounts monthly. So, those who don’t have a lump sum to invest can prefer monthly investments.

For better understanding, we have illustrated the difference in both the schemes. Users can hence clearly understand and choose well.

Illustration:

Lets’ assume you invest INR 1000 (monthly for a year) in a Recurring Deposit and you have invested lump sum INR 12,000 in a Fixed Deposit at the start of the year. Both these products offer you a 9 percent interest compounded quarterly. So, the Earnings from these two schemes is as given below-

Particulars Recurring Deposit (RD) Fixed Deposit (FD)
Amount Invested INR 5,000 (monthly) INR 60,000 (lump sum)
Tenure 12 months 12 months
Annual Interest Rates 6% 6%
Total Amount Earned INR 61,986 INR 63,701
Net Profit INR 1,986 INR 3,701

Now when you know the major difference between RD and FD, you can choose one and invest wisely. Though FD gives a better growth comparatively to RD, most of the time, it is not feasible for a single instrument to meet all your needs. So, when you don’t have a lump sum to invest, you can save a smaller amount from your income every month and invest in a Recurring Deposit!

Other Alternatives

Liquid / Ultra Short Debt Mutual funds

1. UTI Ultra Short Term Fund

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

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

UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.8% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2022 was 4.2% , 2021 was 6.1% and 2020 was 5.3% .

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund
Growth
Launch Date 29 Aug 03
NAV (22 Aug 23) ₹3,730.09 ↑ 0.71   (0.02 %)
Net Assets (Cr) ₹2,494 on 31 Jul 23
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.95
Sharpe Ratio -0.72
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.49%
Effective Maturity 5 Months 16 Days
Modified Duration 5 Months 9 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,301
31 Aug 20₹10,965
31 Aug 21₹11,384
31 Aug 22₹12,093
31 Aug 23₹12,866

UTI Ultra Short Term Fund SIP Returns

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

Returns for UTI Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3.5%
1 Year 6.3%
3 Year 5.5%
5 Year 5.2%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Ritesh Nambiar1 Jul 158.18 Yr.

Data below for UTI Ultra Short Term Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash71.98%
Debt28.02%
Debt Sector Allocation
SectorValue
Corporate46.93%
Cash Equivalent43.04%
Government10.02%
Credit Quality
RatingValue
AA19.68%
AAA80.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 12102023
Sovereign Bonds | -
7%₹174 Cr1,750,000,000
Embassy Office Parks Reit
Debentures | -
3%₹75 Cr750
182 DTB 29092023
Sovereign Bonds | -
2%₹60 Cr600,000,000
↓ -310,000,000
Reliance Industries Limited
Debentures | -
2%₹50 Cr500
LIC Housing Finance Limited
Debentures | -
2%₹50 Cr500
↑ 500
Torrent Power Limited
Debentures | -
2%₹50 Cr500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹50 Cr500
G R Infraprojects Limited
Debentures | -
2%₹49 Cr500
182 DTB 14092023
Sovereign Bonds | -
2%₹45 Cr450,000,000
TATA Motors Finance Solutions Limited
Debentures | -
2%₹39 Cr390

2. Nippon India Ultra Short Duration Fund

(Erstwhile Reliance Liquid Fund - Cash Plan)

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

Nippon India Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 7 Dec 01. It is a fund with Low risk and has given a CAGR/Annualized return of 6% since its launch.  Ranked 62 in Ultrashort Bond category.  Return for 2022 was 4.6% , 2021 was 7.8% and 2020 was 4.9% .

Below is the key information for Nippon India Ultra Short Duration Fund

Nippon India Ultra Short Duration Fund
Growth
Launch Date 7 Dec 01
NAV (22 Aug 23) ₹3,542.95 ↑ 0.67   (0.02 %)
Net Assets (Cr) ₹5,854 on 31 Jul 23
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.17
Sharpe Ratio -0.54
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.46%
Effective Maturity 5 Months 5 Days
Modified Duration 4 Months 21 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,587
31 Aug 20₹10,631
31 Aug 21₹11,564
31 Aug 22₹12,019
31 Aug 23₹12,786

Nippon India Ultra Short Duration Fund SIP Returns

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

Returns for Nippon India Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3.4%
1 Year 6.3%
3 Year 6.4%
5 Year 5%
10 Year
15 Year
Since launch 6%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Vivek Sharma1 Oct 139.92 Yr.
Kinjal Desai25 May 185.27 Yr.
Akshay Sharma1 Dec 220.75 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash73.38%
Debt26.62%
Debt Sector Allocation
SectorValue
Cash Equivalent46.48%
Corporate32.72%
Government20.8%
Credit Quality
RatingValue
AA23.98%
AAA76.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 07122023
Sovereign Bonds | -
4%₹246 Cr25,000,000
182 DTB 18012024
Sovereign Bonds | -
4%₹244 Cr25,000,000
364 DTB 27102023
Sovereign Bonds | -
3%₹198 Cr20,000,000
Tata Realty And Infrastructure Limited
Debentures | -
3%₹175 Cr1,750
↓ -250
Embassy Office Parks Reit
Debentures | -
3%₹150 Cr1,500
Samvardhana Motherson International Limited
Debentures | -
2%₹135 Cr1,350
Piramal Capital & Housing Finance Ltd
Debentures | -
2%₹120 Cr12,000
TATA Motors Limited
Debentures | -
2%₹110 Cr1,100
08.39 RJ UDAY 2024
Domestic Bonds | -
2%₹101 Cr10,000,000
Shriram Transport Finance Company Limited
Debentures | -
1%₹75 Cr7,500

3. Aditya Birla Sun Life Savings Fund

The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.

Aditya Birla Sun Life Savings Fund is a Debt - Ultrashort Bond fund was launched on 16 Apr 03. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.4% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2022 was 4.8% , 2021 was 3.9% and 2020 was 7% .

Below is the key information for Aditya Birla Sun Life Savings Fund

Aditya Birla Sun Life Savings Fund
Growth
Launch Date 16 Apr 03
NAV (22 Aug 23) ₹477.445 ↑ 0.09   (0.02 %)
Net Assets (Cr) ₹14,783 on 31 Jul 23
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.52
Sharpe Ratio 1.11
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.39%
Effective Maturity 5 Months 8 Days
Modified Duration 5 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,897
31 Aug 20₹11,732
31 Aug 21₹12,264
31 Aug 22₹12,745
31 Aug 23₹13,620

Aditya Birla Sun Life Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Aditya Birla Sun Life Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.7%
1 Year 6.8%
3 Year 5.1%
5 Year 6.4%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sunaina Cunha20 Jun 149.21 Yr.
Kaustubh Gupta15 Jul 1112.14 Yr.
Monika Gandhi22 Mar 212.45 Yr.
Dhaval Joshi21 Nov 220.78 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash54.34%
Debt45.66%
Debt Sector Allocation
SectorValue
Corporate46.88%
Cash Equivalent30.31%
Government22.81%
Credit Quality
RatingValue
AA20.68%
AAA79.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Limited
Debentures | -
4%₹597 Cr6,000
182 DTB 21122023
Sovereign Bonds | -
3%₹465 Cr47,500,000
Tata Realty And Infrastructure Limited
Debentures | -
2%₹360 Cr36,000
Hindalco Industries Limited
Debentures | -
2%₹350 Cr35,000
Bharti Telecom Limited
Debentures | -
2%₹325 Cr3,250
182 DTB 07122023
Sovereign Bonds | -
2%₹295 Cr30,000,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹250 Cr2,500
HDFC Bank Limited
Debentures | -
2%₹245 Cr2,450
India (Republic of)
- | -
1%₹173 Cr17,500,000
Reliance Industries Limited
Debentures | -
1%₹150 Cr1,500

4. ICICI Prudential Ultra Short Term Fund

(Erstwhile ICICI Prudential Regular Income Fund)

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

ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.5% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2022 was 4.5% , 2021 was 4% and 2020 was 6.5% .

Below is the key information for ICICI Prudential Ultra Short Term Fund

ICICI Prudential Ultra Short Term Fund
Growth
Launch Date 3 May 11
NAV (22 Aug 23) ₹24.2611 ↑ 0.00   (0.02 %)
Net Assets (Cr) ₹13,815 on 31 Jul 23
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.86
Sharpe Ratio 0.23
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 5 Months 8 Days
Modified Duration 4 Months 17 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,855
31 Aug 20₹11,664
31 Aug 21₹12,198
31 Aug 22₹12,661
31 Aug 23₹13,502

ICICI Prudential Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for ICICI Prudential Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3.6%
1 Year 6.6%
3 Year 5%
5 Year 6.2%
10 Year
15 Year
Since launch 7.5%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Manish Banthia15 Nov 166.8 Yr.
Ritesh Lunawat15 Jun 176.22 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash57.55%
Debt42.45%
Debt Sector Allocation
SectorValue
Corporate51.42%
Government26.23%
Cash Equivalent22.35%
Credit Quality
RatingValue
AA12.68%
AAA87.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.83% Govt Stock 2023
Sovereign Bonds | -
4%₹502 Cr50,000,000
Embassy Office Parks Reit
Debentures | -
3%₹418 Cr4,200
↓ -250
182 DTB 21122023
Sovereign Bonds | -
2%₹314 Cr32,000,000
LIC Housing Finance Limited
Debentures | -
2%₹296 Cr2,950
182 DTB 07122023
Sovereign Bonds | -
2%₹295 Cr30,000,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹275 Cr2,750
National Bank For Agriculture And Rural Development
Debentures | -
2%₹258 Cr2,600
08.35 SBI RT SB 2024
Domestic Bonds | -
2%₹252 Cr25,000,000
Mahindra Rural Housing Finance Limited
Debentures | -
2%₹201 Cr2,000
Apollo Building Products Private Limited
Debentures | -
1%₹199 Cr20,000

5. Kotak Savings Fund

(Erstwhile Kotak Treasury Advantage Fund)

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

Kotak Savings Fund is a Debt - Ultrashort Bond fund was launched on 13 Aug 04. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.2% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2022 was 4.5% , 2021 was 3.2% and 2020 was 5.8% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (22 Aug 23) ₹37.7024 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹13,066 on 31 Jul 23
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.47
Sharpe Ratio -0.12
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.29%
Effective Maturity 8 Months 12 Days
Modified Duration 5 Months 19 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,831
31 Aug 20₹11,554
31 Aug 21₹11,969
31 Aug 22₹12,397
31 Aug 23₹13,209

Kotak Savings Fund SIP Returns

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

Returns for Kotak Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3.5%
1 Year 6.5%
3 Year 4.5%
5 Year 5.7%
10 Year
15 Year
Since launch 7.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Deepak Agrawal15 Apr 0815.39 Yr.
Manu Sharma1 Nov 220.83 Yr.
Palha Khanna3 Jul 230.16 Yr.

Data below for Kotak Savings Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash73.73%
Debt26.27%
Debt Sector Allocation
SectorValue
Corporate43.58%
Government32.59%
Cash Equivalent23.83%
Credit Quality
RatingValue
AA7.09%
AAA92.91%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 14092023
Sovereign Bonds | -
5%₹638 Cr64,000,010
↓ -5,000,000
91 DTB 12102023
Sovereign Bonds | -
4%₹496 Cr50,000,000
6.97% Govt Stock 2024
Sovereign Bonds | -
3%₹390 Cr39,000,000
Mahindra & Mahindra Financial Services Ltd
Debentures | -
3%₹350 Cr3,500
182 DTB 29022024
Sovereign Bonds | -
2%₹309 Cr31,981,000
↑ 31,981,000
182 DTB 25012024
Sovereign Bonds | -
2%₹243 Cr25,000,000
182 DTB 08022024
Sovereign Bonds | -
2%₹243 Cr25,000,000
↑ 25,000,000
Rural Electrification Corporation Limited
Debentures | -
2%₹209 Cr2,100
08.30 FERT BND 2023
Domestic Bonds | -
1%₹176 Cr17,565,000
HDFC Bank Limited
Debentures | -
1%₹175 Cr1,750

6. DSP BlackRock Money Manager Fund

"The primary investment objective of the Scheme is to seek to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities. However, there can be no assurance that the investment objective of the Scheme will be realized."

DSP BlackRock Money Manager Fund is a Debt - Ultrashort Bond fund was launched on 31 Jul 06. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.6% since its launch.  Ranked 75 in Ultrashort Bond category.  Return for 2022 was 4.1% , 2021 was 2.9% and 2020 was 4.7% .

Below is the key information for DSP BlackRock Money Manager Fund

DSP BlackRock Money Manager Fund
Growth
Launch Date 31 Jul 06
NAV (22 Aug 23) ₹2,998.43 ↑ 0.51   (0.02 %)
Net Assets (Cr) ₹2,659 on 31 Jul 23
Category Debt - Ultrashort Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.02
Sharpe Ratio -1.41
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.21%
Effective Maturity 4 Months 20 Days
Modified Duration 4 Months 10 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,576
31 Aug 20₹11,170
31 Aug 21₹11,522
31 Aug 22₹11,888
31 Aug 23₹12,623

DSP BlackRock Money Manager Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235
Invest Now

Returns for DSP BlackRock Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0.5%
3 Month 1.5%
6 Month 3.3%
1 Year 6.1%
3 Year 4.1%
5 Year 4.8%
10 Year
15 Year
Since launch 6.6%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Kedar Karnik17 Jul 167.13 Yr.
Karan Mundhra31 May 212.25 Yr.

Data below for DSP BlackRock Money Manager Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash75.72%
Debt24.28%
Debt Sector Allocation
SectorValue
Cash Equivalent36.08%
Government34.11%
Corporate29.81%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
6%₹151 Cr1,500
364 DTB 07032024
Sovereign Bonds | -
6%₹145 Cr15,000,000
182 DTB 25012024
Sovereign Bonds | -
4%₹97 Cr10,000,000
182 DTB 21122023
Sovereign Bonds | -
3%₹73 Cr7,500,000
364 DTB 26012024
Sovereign Bonds | -
3%₹73 Cr7,500,000
↑ 7,500,000
182 DTB 18012024
Sovereign Bonds | -
1%₹35 Cr3,619,400
National Bank For Agriculture And Rural Development
Debentures | -
1%₹26 Cr250
Goi 12.10.2023 Gov
Sovereign Bonds | -
0%₹6 Cr563,000
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
7%₹181 Cr
Axis Bank Limited
Certificate of Deposit | -
4%₹95 Cr2,000

7. SBI Magnum Ultra Short Duration Fund

(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 CAGR/Annualized return of 7.1% since its launch.  Return for 2022 was 4.5% , 2021 was 3.4% and 2020 was 5.9% .

Below is the key information for SBI Magnum Ultra Short Duration Fund

SBI Magnum Ultra Short Duration Fund
Growth
Launch Date 21 May 99
NAV (22 Aug 23) ₹5,235.11 ↑ 0.88   (0.02 %)
Net Assets (Cr) ₹15,030 on 31 Jul 23
Category Debt - Ultrashort Bond
AMC SBI Funds Management Private Limited
Rating
Risk Low
Expense Ratio 0.49
Sharpe Ratio 0.28
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.19%
Effective Maturity 5 Months 26 Days
Modified Duration 5 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,853
31 Aug 20₹11,591
31 Aug 21₹12,020
31 Aug 22₹12,451
31 Aug 23₹13,277

SBI Magnum Ultra Short Duration Fund SIP Returns

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

Returns for SBI Magnum Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3.6%
1 Year 6.6%
3 Year 4.6%
5 Year 5.8%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Mohit Jain30 Nov 175.76 Yr.
Arun R.1 Jul 212.17 Yr.

Data below for SBI Magnum Ultra Short Duration Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash71.33%
Debt28.67%
Debt Sector Allocation
SectorValue
Corporate46.12%
Cash Equivalent35.04%
Government18.84%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
08.35 SBI RT SB 2024
Domestic Bonds | -
4%₹504 Cr50,000,000
182 DTB 22092023
Sovereign Bonds | -
3%₹448 Cr45,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹385 Cr3,850
LIC Housing Finance Limited
Debentures | -
2%₹276 Cr2,750
Rural Electrification Corporation Limited
Debentures | -
2%₹227 Cr2,300
91 DTB 12102023
Sovereign Bonds | -
2%₹223 Cr22,500,000
Bajaj Finance Limited
Debentures | -
2%₹206 Cr2,050
Larsen And Toubro Limited
Debentures | -
2%₹200 Cr20,000
182 DTB 14092023
Sovereign Bonds | -
2%₹200 Cr20,000,000
182 DTB 05102023
Sovereign Bonds | -
1%₹199 Cr20,000,000

8. Invesco India Ultra Short Term Fund

(Erstwhile Invesco India Medium Term Bond Fund)

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

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 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% .

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

Invesco India Ultra Short Term Fund
Growth
Launch Date 30 Dec 10
NAV (22 Aug 23) ₹2,365.56 ↑ 0.44   (0.02 %)
Net Assets (Cr) ₹714 on 31 Jul 23
Category Debt - Ultrashort Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 0.89
Sharpe Ratio -1.08
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.18%
Effective Maturity 5 Months 3 Days
Modified Duration 4 Months 27 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,819
31 Aug 20₹11,471
31 Aug 21₹11,847
31 Aug 22₹12,231
31 Aug 23₹12,999

Invesco India Ultra Short Term Fund SIP Returns

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

Returns for Invesco India Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0.5%
3 Month 1.6%
6 Month 3.4%
1 Year 6.2%
3 Year 4.2%
5 Year 5.4%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Krishna Cheemalapati4 Jan 203.66 Yr.
Vikas Garg27 Jul 212.1 Yr.

Data below for Invesco India Ultra Short Term Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash69.69%
Debt30.31%
Debt Sector Allocation
SectorValue
Corporate46.65%
Cash Equivalent31.81%
Government21.54%
Credit Quality
RatingValue
AA13.46%
AAA86.54%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Pipeline Infrastructure Limited
Debentures | -
5%₹35 Cr3,500,000
Oil And Natural Gas Corporation Limited
Debentures | -
5%₹35 Cr3,500,000
↑ 3,500,000
182 DTB 07122023
Sovereign Bonds | -
5%₹34 Cr3,500,000
364 DTB 09112023
Sovereign Bonds | -
4%₹30 Cr3,000,000
↓ -2,000,000
Bharat Petroleum Corporation Ltd.
Debentures | -
3%₹25 Cr2,500,000
The Tata Power Company Limited
Debentures | -
3%₹20 Cr2,000,000
Bharti Hexacom Limited
Debentures | -
3%₹20 Cr2,000,000
0% GOI - 17122023 STRIPS
Sovereign Bonds | -
3%₹19 Cr1,907,500
Bharti Telecom Limited
Debentures | -
2%₹17 Cr1,700,000
Kotak Mahindra Investments Limited
Debentures | -
2%₹14 Cr1,500,000

9. Principal Ultra Short Term Fund

(Erstwhile Principal Retail Money Manager Fund)

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

Principal Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 28 Dec 07. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 5.7% since its launch.  Ranked 43 in Ultrashort Bond category.  Return for 2022 was 3.7% , 2021 was 2.7% and 2020 was 4.1% .

Below is the key information for Principal Ultra Short Term Fund

Principal Ultra Short Term Fund
Growth
Launch Date 28 Dec 07
NAV (22 Aug 23) ₹2,393.44 ↑ 0.44   (0.02 %)
Net Assets (Cr) ₹1,683 on 31 Jul 23
Category Debt - Ultrashort Bond
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.39
Sharpe Ratio -2.89
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 2,000
Exit Load NIL
Yield to Maturity 7.14%
Effective Maturity 5 Months 6 Days
Modified Duration 4 Months 26 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,129
31 Aug 20₹10,617
31 Aug 21₹10,921
31 Aug 22₹11,230
31 Aug 23₹11,883

Principal Ultra Short Term Fund SIP Returns

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

Returns for Principal Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0.5%
3 Month 1.4%
6 Month 3.2%
1 Year 5.7%
3 Year 3.8%
5 Year 3.5%
10 Year
15 Year
Since launch 5.7%
Historical performance (Yearly) on absolute basis
YearReturns
2022 3.7%
2021 2.7%
2020 4.1%
2019 6.5%
2018 1.2%
2017 6.3%
2016 7.9%
2015 8.8%
2014 9.4%
2013 9.8%
Fund Manager information for Principal Ultra Short Term Fund
NameSinceTenure
Dwijendra Srivastava16 May 221.29 Yr.
Sandeep Agarwal1 Jan 221.66 Yr.

Data below for Principal Ultra Short Term Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash86.1%
Debt13.9%
Debt Sector Allocation
SectorValue
Cash Equivalent39.71%
Corporate31.74%
Government28.56%
Credit Quality
RatingValue
AA2.45%
AAA97.55%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
364 DTB 14032024
Sovereign Bonds | -
5%₹72 Cr7,500,000
↑ 5,000,000
182 DTB 11012024
Sovereign Bonds | -
3%₹49 Cr5,000,000
182 DTB 22022024
Sovereign Bonds | -
3%₹49 Cr5,000,000
182 DTB 07032023
Sovereign Bonds | -
3%₹48 Cr5,000,000
↑ 5,000,000
LIC Housing Finance Limited
Debentures | -
3%₹45 Cr450
↑ 450
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹25 Cr250,000
Punjab National Bank
Domestic Bonds | -
2%₹25 Cr500
↑ 500
91 DTB 02112023
Sovereign Bonds | -
1%₹20 Cr2,000,000
National Housing Bank
Debentures | -
1%₹15 Cr1,500
HDFC Bank Limited
Debentures | -
1%₹15 Cr1,500

10. Essel Liquid Fund

To provide high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market & debt securities. However, there can be no assurance that the investment objective will be achieved. The scheme does not assure or guarantee any returns.

Essel Liquid Fund is a Debt - Liquid Fund fund was launched on 19 Feb 10. It is a fund with Low risk and has given a CAGR/Annualized return of 7.1% since its launch.  Ranked 12 in Liquid Fund category.  Return for 2022 was 5.1% , 2021 was 3.4% and 2020 was 3.7% .

Below is the key information for Essel Liquid Fund

Essel Liquid Fund
Growth
Launch Date 19 Feb 10
NAV (22 Aug 23) ₹25.1188 ↑ 0.00   (0.02 %)
Net Assets (Cr) ₹83 on 31 Jul 23
Category Debt - Liquid Fund
AMC Essel Funds Management Company Ltd
Rating
Risk Low
Expense Ratio 0
Sharpe Ratio -0.26
Information Ratio -2.08
Alpha Ratio -0.28
Min Investment 1,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.07%
Effective Maturity 1 Month 10 Days
Modified Duration 1 Month 6 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 18₹10,000
31 Aug 19₹10,713
31 Aug 20₹11,179
31 Aug 21₹11,524
31 Aug 22₹12,023
31 Aug 23₹12,812

Essel Liquid Fund SIP Returns

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

Returns for Essel Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.4%
1 Year 6.5%
3 Year 4.6%
5 Year 5.1%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2022 5.1%
2021 3.4%
2020 3.7%
2019 6.2%
2018 7.4%
2017 6.8%
2016 7.8%
2015 8.4%
2014 9.2%
2013 9.5%
Fund Manager information for Essel Liquid Fund
NameSinceTenure
Surbhi Sharma11 Mar 221.48 Yr.

Data below for Essel Liquid Fund as on 31 Jul 23

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Cash Equivalent88.41%
Corporate5.82%
Government5.78%
Credit Quality
RatingValue
AA12.37%
AAA87.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps/Reverse Repo/Net Current Assets/Cash/Cash Equivalent
Net Current Assets | -
24%₹20 Cr
182 DTB 16112023
Sovereign Bonds | -
12%₹10 Cr1,000,000
↑ 1,000,000
National Housing Bank
Debentures | -
6%₹5 Cr500,000
Kotak Mahindra Prime Limited
Debentures | -
6%₹5 Cr500,000
Hindustan Petroleum Corporation Limited
Debentures | -
6%₹5 Cr500,000
IDFC First Bank Limited
Certificate of Deposit | -
6%₹5 Cr500,000
91 DTB 12102023
Sovereign Bonds | -
6%₹5 Cr500,000
India (Republic of)
- | -
6%₹5 Cr500,000
91 DTB 02112023
Sovereign Bonds | -
6%₹5 Cr500,000
Aditya Birla Finance Limited
Commercial Paper | -
6%₹5 Cr500,000

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