+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 |
Talk to our investment specialist
Recurring Deposit VS Fixed Deposit: Where to Earn More?
Since both RD and FD are suitable for risk-averse investors, the final choice depends on one’s needs. In an FD account, interest is compounded on the initial lump sum deposited. The entire deposited amount earns interest for a year. However, in a RD, only the 1st deposit earns interest for the first year, i.e. 12 months. The second deposit earns interest for 11 months, the third for 10 months, and so on. The compounding effect enables Fixed Deposits to generate higher returns for the investors.
Though in time, one can earn more money with a Fixed Deposit (example illustrated below), but it does not have the flexibility of a Recurring Deposit account in terms of being able to deposit small amounts monthly. So, those who don’t have a lump sum to invest can prefer monthly investments.
For better understanding, we have illustrated the difference in both the schemes. Users can hence clearly understand and choose well.
Illustration:
Lets’ assume you invest INR 1000 (monthly for a year) in a Recurring Deposit and you have invested lump sum INR 12,000 in a Fixed Deposit at the start of the year. Both these products offer you a 9 percent interest compounded quarterly. So, the Earnings from these two schemes is as given below-
| Particulars | Recurring Deposit (RD) | Fixed Deposit (FD) |
|---|---|---|
| Amount Invested | INR 5,000 (monthly) | INR 60,000 (lump sum) |
| Tenure | 12 months | 12 months |
| Annual Interest Rates | 6% | 6% |
| Total Amount Earned | INR 61,986 | INR 63,701 |
| Net Profit | INR 1,986 | INR 3,701 |
Now when you know the major difference between RD and FD, you can choose one and invest wisely. Though FD gives a better growth comparatively to RD, most of the time, it is not feasible for a single instrument to meet all your needs. So, when you don’t have a lump sum to invest, you can save a smaller amount from your income every month and invest in a Recurring Deposit!
Other Alternatives
Liquid / Ultra Short Debt Mutual funds
The objective of the Scheme will be to provide investors with regular income for their investment by investing in debt and money market instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months. However, there can be no assurance that the investment objective of the Scheme will be realized. Below is the key information for IDBI Ultra Short Term Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Regular Income Fund) The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. Research Highlights for ICICI Prudential Ultra Short Term Fund Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. Research Highlights for Aditya Birla Sun Life Savings Fund Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (Erstwhile Reliance Liquid Fund - Cash Plan) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Research Highlights for Nippon India Ultra Short Duration Fund Below is the key information for Nippon India Ultra Short Duration Fund Returns up to 1 year are on The investment objective of the Scheme will be to provide investors with high level of liquidity along with regular income for their investment. The Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a low risk portfolio of money market and debt instruments with maturity of up to 91 days. However, there can be no assurance that the investment objective of the Scheme will be realized. Research Highlights for IDBI Liquid Fund Below is the key information for IDBI Liquid Fund Returns up to 1 year are on (Erstwhile Invesco India Medium Term Bond Fund) The objective is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. Research Highlights for Invesco India Ultra Short Term Fund Below is the key information for Invesco India Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Kotak Treasury Advantage Fund) The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. Research Highlights for Kotak Savings Fund Below is the key information for Kotak Savings Fund Returns up to 1 year are on (Erstwhile UTI - Floating Rate Fund - Short Term Plan) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. Research Highlights for UTI Ultra Short Term Fund Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Cash Plus Fund) An Open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments. Research Highlights for Aditya Birla Sun Life Liquid Fund Below is the key information for Aditya Birla Sun Life Liquid 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 1. IDBI Ultra Short Term Fund
IDBI Ultra Short Term Fund
Growth Launch Date 3 Sep 10 NAV (28 Jul 23) ₹2,424.68 ↑ 0.44 (0.02 %) Net Assets (Cr) ₹146 on 30 Jun 23 Category Debt - Ultrashort Bond AMC IDBI Asset Management Limited Rating ☆ Risk Moderately Low Expense Ratio 0.6 Sharpe Ratio -0.57 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.83% Effective Maturity 2 Months 23 Days Modified Duration 2 Months 10 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹10,394 31 Jul 22 ₹10,811 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.4% 1 Year 6.4% 3 Year 4.8% 5 Year 5.5% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for IDBI Ultra Short Term Fund
Name Since Tenure Data below for IDBI Ultra Short Term Fund as on 30 Jun 23
Asset Allocation
Asset Class Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. ICICI Prudential Ultra Short Term Fund
ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (08 Aug 25) ₹27.9186 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹16,051 on 30 Jun 25 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 2.79 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Months (0.5%),1 Months and above(NIL) Yield to Maturity 6.79% Effective Maturity 7 Months 24 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹10,473 31 Jul 22 ₹10,862 31 Jul 23 ₹11,576 31 Jul 24 ₹12,411 31 Jul 25 ₹13,351 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.8% 6 Month 3.9% 1 Year 7.5% 3 Year 7.1% 5 Year 6% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.5% 2023 6.9% 2022 4.5% 2021 4% 2020 6.5% 2019 8.4% 2018 7.5% 2017 6.9% 2016 9.8% 2015 9.1% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 8.71 Yr. Ritesh Lunawat 15 Jun 17 8.13 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 30 Jun 25
Asset Allocation
Asset Class Value Cash 48.61% Debt 51.13% Other 0.26% Debt Sector Allocation
Sector Value Corporate 57.81% Cash Equivalent 25.49% Government 16.45% Credit Quality
Rating Value AA 18.42% AAA 81.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.11% Govt Stock 2028
Sovereign Bonds | -5% ₹835 Cr 82,500,000 LIC Housing Finance Ltd
Debentures | -3% ₹603 Cr 6,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹581 Cr 57,500
↑ 10,000 182 Days Tbill
Sovereign Bonds | -3% ₹496 Cr 50,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹377 Cr 3,750 Vedanta Limited
Debentures | -2% ₹301 Cr 30,000 Piramal Finance Limited
Debentures | -2% ₹275 Cr 27,500 Small Industries Development Bank Of India
Debentures | -1% ₹253 Cr 25,000 Larsen And Toubro Limited
Debentures | -1% ₹251 Cr 25,000 LIC Housing Finance Ltd
Debentures | -1% ₹226 Cr 2,250 3. Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (08 Aug 25) ₹553.023 ↑ 0.11 (0.02 %) Net Assets (Cr) ₹20,228 on 15 Jul 25 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.54 Sharpe Ratio 3.55 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.72% Effective Maturity 6 Months 29 Days Modified Duration 5 Months 26 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹10,459 31 Jul 22 ₹10,860 31 Jul 23 ₹11,598 31 Jul 24 ₹12,461 31 Jul 25 ₹13,467 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 2% 6 Month 4.1% 1 Year 8.1% 3 Year 7.4% 5 Year 6.1% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.9% 2023 7.2% 2022 4.8% 2021 3.9% 2020 7% 2019 8.5% 2018 7.6% 2017 7.2% 2016 9.2% 2015 8.9% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 11.12 Yr. Kaustubh Gupta 15 Jul 11 14.06 Yr. Monika Gandhi 22 Mar 21 4.36 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 15 Jul 25
Asset Allocation
Asset Class Value Cash 36.33% Debt 63.4% Other 0.27% Debt Sector Allocation
Sector Value Corporate 64.44% Cash Equivalent 20.11% Government 15.18% Credit Quality
Rating Value AA 36.06% AAA 64.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity Shriram Finance Limited
Debentures | -3% ₹614 Cr 60,000 Nirma Limited
Debentures | -2% ₹489 Cr 48,500 Gujarat (Government of)
- | -2% ₹378 Cr 37,500,000 Axis Bank Ltd.
Debentures | -2% ₹366 Cr 7,500
↑ 500 Bharti Telecom Limited
Debentures | -2% ₹362 Cr 3,600 Mankind Pharma Limited
Debentures | -2% ₹349 Cr 34,500 Bharti Telecom Limited
Debentures | -2% ₹322 Cr 3,200
↑ 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹317 Cr 3,150 Avanse Financial Services Limited
Debentures | -1% ₹302 Cr 30,000 ICICI Home Finance Company Limited
Debentures | -1% ₹270 Cr 27,000 4. Nippon India Ultra Short Duration Fund
Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (08 Aug 25) ₹4,058.29 ↑ 0.53 (0.01 %) Net Assets (Cr) ₹9,543 on 30 Jun 25 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.14 Sharpe Ratio 2.26 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.71% Effective Maturity 7 Months 29 Days Modified Duration 5 Months 14 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹10,943 31 Jul 22 ₹11,358 31 Jul 23 ₹12,082 31 Jul 24 ₹12,928 31 Jul 25 ₹13,871 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 3.7% 1 Year 7.3% 3 Year 6.9% 5 Year 6.8% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 2023 6.7% 2022 4.6% 2021 7.8% 2020 4.9% 2019 0.9% 2018 7.3% 2017 5.8% 2016 6.8% 2015 7.6% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 11.84 Yr. Kinjal Desai 25 May 18 7.19 Yr. Akshay Sharma 1 Dec 22 2.67 Yr. Data below for Nippon India Ultra Short Duration Fund as on 30 Jun 25
Asset Allocation
Asset Class Value Cash 46.67% Debt 53.05% Other 0.28% Debt Sector Allocation
Sector Value Corporate 60.71% Cash Equivalent 27.11% Government 11.9% Credit Quality
Rating Value AA 15.55% AAA 84.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bank of India Ltd.
Debentures | -5% ₹495 Cr 10,000 National Bank For Agriculture And Rural Development
Debentures | -5% ₹453 Cr 45,000 Power Finance Corporation Limited
Debentures | -4% ₹353 Cr 35,000
↑ 17,500 182 Days Tbill
Sovereign Bonds | -3% ₹248 Cr 25,000,000 Vedanta Limited
Debentures | -2% ₹242 Cr 24,000 LIQUID GOLD SERIES 10
Unlisted bonds | -2% ₹206 Cr 82 National Bank For Agriculture And Rural Development
Debentures | -2% ₹202 Cr 20,000 Small Industries Development Bank Of India
Debentures | -2% ₹201 Cr 2,000 182 Days Tbill
Sovereign Bonds | -2% ₹198 Cr 20,000,000 Piramal Finance Limited
Debentures | -2% ₹195 Cr 19,500
↑ 9,500 5. IDBI Liquid Fund
IDBI Liquid Fund
Growth Launch Date 9 Jul 10 NAV (28 Jul 23) ₹2,454.04 ↑ 0.35 (0.01 %) Net Assets (Cr) ₹503 on 30 Jun 23 Category Debt - Liquid Fund AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Low Expense Ratio 0.17 Sharpe Ratio 0.2 Information Ratio -5.96 Alpha Ratio -0.21 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.66% Effective Maturity 1 Month 10 Days Modified Duration 1 Month 7 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹10,340 31 Jul 22 ₹10,726 Returns for IDBI Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 3.4% 1 Year 6.6% 3 Year 4.5% 5 Year 5.3% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for IDBI Liquid Fund
Name Since Tenure Data below for IDBI Liquid Fund as on 30 Jun 23
Asset Allocation
Asset Class Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 6. Invesco India Ultra Short Term Fund
Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (08 Aug 25) ₹2,717.28 ↑ 0.32 (0.01 %) Net Assets (Cr) ₹1,006 on 30 Jun 25 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.74 Sharpe Ratio 2.72 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.59% Effective Maturity 5 Months 24 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹10,318 31 Jul 22 ₹10,639 31 Jul 23 ₹11,299 31 Jul 24 ₹12,109 31 Jul 25 ₹13,009 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 3.8% 1 Year 7.4% 3 Year 6.9% 5 Year 5.4% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.5% 2023 6.6% 2022 4.1% 2021 3% 2020 5.1% 2019 7.6% 2018 7.3% 2017 7.1% 2016 9.1% 2015 8.3% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 5.58 Yr. Vikas Garg 27 Jul 21 4.02 Yr. Data below for Invesco India Ultra Short Term Fund as on 30 Jun 25
Asset Allocation
Asset Class Value Cash 50.52% Debt 49.13% Other 0.35% Debt Sector Allocation
Sector Value Corporate 60.06% Cash Equivalent 28.53% Government 11.06% Credit Quality
Rating Value AA 24.4% AAA 75.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -4% ₹49 Cr 5,000,000 India (Republic of)
- | -4% ₹49 Cr 5,000,000
↑ 5,000,000 Summit Digitel Infrastructure Limited
Debentures | -4% ₹40 Cr 4,000,000
↑ 2,500,000 Power Finance Corporation Limited
Debentures | -2% ₹25 Cr 2,500,000
↑ 2,500,000 Rural Electrification Corporation Limited
Debentures | -2% ₹25 Cr 2,500,000
↑ 2,500,000 ICICI Home Finance Company Limited
Debentures | -2% ₹25 Cr 2,500,000
↑ 2,500,000 Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹25 Cr 2,500,000 TATA Projects Limited
Debentures | -2% ₹25 Cr 2,500,000 Torrent Power Limited
Debentures | -2% ₹25 Cr 2,500,000 Godrej Industries Limited
Debentures | -2% ₹25 Cr 2,500,000 7. Kotak Savings Fund
Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (08 Aug 25) ₹43.2017 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹15,527 on 30 Jun 25 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.8 Sharpe Ratio 2.1 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.49% Effective Maturity 5 Months 19 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹10,357 31 Jul 22 ₹10,712 31 Jul 23 ₹11,406 31 Jul 24 ₹12,203 31 Jul 25 ₹13,100 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.8% 6 Month 3.8% 1 Year 7.3% 3 Year 6.9% 5 Year 5.6% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 2023 6.8% 2022 4.5% 2021 3.2% 2020 5.8% 2019 7.8% 2018 7.4% 2017 6.7% 2016 8.2% 2015 8.6% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 17.31 Yr. Manu Sharma 1 Nov 22 2.75 Yr. Data below for Kotak Savings Fund as on 30 Jun 25
Asset Allocation
Asset Class Value Cash 58.64% Debt 41.09% Other 0.28% Debt Sector Allocation
Sector Value Corporate 59.25% Cash Equivalent 23.38% Government 17.09% Credit Quality
Rating Value AA 7.9% AAA 90.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.2% Govt Stock 2025
Sovereign Bonds | -5% ₹804 Cr 80,000,000 Bajaj Housing Finance Limited
Debentures | -4% ₹648 Cr 6,420 National Bank For Agriculture And Rural Development
Debentures | -4% ₹615 Cr 61,000
↑ 5,000 Rec Limited
Debentures | -3% ₹478 Cr 47,500 Mankind Pharma Limited
Debentures | -2% ₹303 Cr 30,000 364 DTB 19mar2026
Sovereign Bonds | -1% ₹241 Cr 25,000,000 India (Republic of)
- | -1% ₹239 Cr 25,000,000 Bharti Telecom Limited
Debentures | -1% ₹226 Cr 2,250 08.49 Tn SDL 2026
Sovereign Bonds | -1% ₹204 Cr 20,080,000 Vedanta Limited
Debentures | -1% ₹202 Cr 20,000 8. UTI Ultra Short Term Fund
UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (08 Aug 25) ₹4,269.38 ↑ 0.50 (0.01 %) Net Assets (Cr) ₹4,551 on 30 Jun 25 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.96 Sharpe Ratio 2.18 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.46% Effective Maturity 5 Months 19 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹10,380 31 Jul 22 ₹11,011 31 Jul 23 ₹11,707 31 Jul 24 ₹12,523 31 Jul 25 ₹13,432 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.4% 3 Month 1.7% 6 Month 3.7% 1 Year 7.2% 3 Year 6.8% 5 Year 6.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 2023 6.7% 2022 4.2% 2021 6.1% 2020 5.3% 2019 3.3% 2018 7% 2017 6.6% 2016 8.9% 2015 8.5% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Anurag Mittal 21 Jan 25 0.52 Yr. Data below for UTI Ultra Short Term Fund as on 30 Jun 25
Asset Allocation
Asset Class Value Cash 59.33% Debt 40.49% Other 0.18% Debt Sector Allocation
Sector Value Corporate 62.55% Cash Equivalent 29.89% Government 7.38% Credit Quality
Rating Value AA 12.82% AAA 87.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity Small Industries Development Bank Of India
Debentures | -4% ₹181 Cr 1,800 Titan Company Limited
Debentures | -3% ₹151 Cr 15,000 Bajaj Housing Finance Limited
Debentures | -2% ₹101 Cr 1,000 LIC Housing Finance Ltd
Debentures | -2% ₹101 Cr 1,000 182 Days Tbill
Sovereign Bonds | -2% ₹99 Cr 1,000,000,000
↓ -500,000,000 India (Republic of)
- | -2% ₹99 Cr 1,000,000,000 Shriram Finance Limited
Debentures | -2% ₹81 Cr 8,000 Indian Bank
Domestic Bonds | -2% ₹72 Cr 750,000,000 Indian Bank
Domestic Bonds | -2% ₹72 Cr 750,000,000 LIC Housing Finance Ltd
Debentures | -1% ₹51 Cr 500
↑ 500 9. Aditya Birla Sun Life Liquid Fund
Aditya Birla Sun Life Liquid Fund
Growth Launch Date 30 Mar 04 NAV (10 Aug 25) ₹423.421 ↑ 0.06 (0.02 %) Net Assets (Cr) ₹54,838 on 15 Jul 25 Category Debt - Liquid Fund AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.34 Sharpe Ratio 3.56 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.39% Effective Maturity 1 Month 17 Days Modified Duration 1 Month 17 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹10,319 31 Jul 22 ₹10,699 31 Jul 23 ₹11,411 31 Jul 24 ₹12,246 31 Jul 25 ₹13,108 Returns for Aditya Birla Sun Life Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.3% 1 Year 7% 3 Year 7% 5 Year 5.6% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.3% 2023 7.1% 2022 4.8% 2021 3.3% 2020 4.3% 2019 6.7% 2018 7.4% 2017 6.7% 2016 7.7% 2015 8.4% Fund Manager information for Aditya Birla Sun Life Liquid Fund
Name Since Tenure Sunaina Cunha 15 Jul 11 14.06 Yr. Kaustubh Gupta 15 Jul 11 14.06 Yr. Sanjay Pawar 1 Jul 22 3.09 Yr. Data below for Aditya Birla Sun Life Liquid Fund as on 15 Jul 25
Asset Allocation
Asset Class Value Cash 99.75% Other 0.25% Debt Sector Allocation
Sector Value Cash Equivalent 89.15% Corporate 7.43% Government 3.17% Credit Quality
Rating Value AA 0.2% AAA 99.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity 91 Days Tbill (Md 28/08/2025)
Sovereign Bonds | -3% ₹1,848 Cr 186,000,000 8.2% Govt Stock 2025
Sovereign Bonds | -3% ₹1,746 Cr 173,701,000
↑ 173,701,000 Canara Bank
Domestic Bonds | -2% ₹1,188 Cr 24,000 Bank Of Baroda
Certificate of Deposit | -2% ₹996 Cr 20,000 India (Republic of)
- | -2% ₹988 Cr 100,000,000
↑ 100,000,000 Punjab National Bank
Domestic Bonds | -2% ₹969 Cr 19,500 Bharti Airtel Ltd.
Commercial Paper | -2% ₹967 Cr 19,500 182 Days Tbill
Sovereign Bonds | -2% ₹958 Cr 96,500,000
↑ 25,000,000 Bank Of Baroda
Certificate of Deposit | -1% ₹748 Cr 15,000 Hindustan Zinc Ltd.
Commercial Paper | -1% ₹744 Cr 15,000 10. DSP Money Manager Fund
DSP Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (08 Aug 25) ₹3,430.11 ↑ 0.45 (0.01 %) Net Assets (Cr) ₹3,882 on 30 Jun 25 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio 1.65 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.34% Effective Maturity 6 Months 7 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹10,310 31 Jul 22 ₹10,622 31 Jul 23 ₹11,273 31 Jul 24 ₹12,051 31 Jul 25 ₹12,924 Returns for DSP Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.4% 3 Month 1.6% 6 Month 3.8% 1 Year 7.2% 3 Year 6.7% 5 Year 5.3% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.9% 2023 6.7% 2022 4.1% 2021 2.9% 2020 4.7% 2019 7.3% 2018 5% 2017 6% 2016 7.5% 2015 7.9% Fund Manager information for DSP Money Manager Fund
Name Since Tenure Karan Mundhra 31 May 21 4.17 Yr. Shalini Vasanta 1 Jan 25 0.58 Yr. Data below for DSP Money Manager Fund as on 30 Jun 25
Asset Allocation
Asset Class Value Cash 61.82% Debt 37.76% Other 0.42% Debt Sector Allocation
Sector Value Corporate 56.48% Cash Equivalent 26.3% Government 16.79% Credit Quality
Rating Value AA 3.98% AAA 96.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 DTB 06112025
Sovereign Bonds | -3% ₹98 Cr 10,000,000 HDFC Bank Ltd.
Debentures | -3% ₹96 Cr 2,000
↑ 1,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹81 Cr 7,500
↑ 2,500 Bharti Telecom Limited
Debentures | -2% ₹80 Cr 7,500 LIC Housing Finance Ltd
Debentures | -2% ₹78 Cr 750 7.59% Govt Stock 2026
Sovereign Bonds | -2% ₹76 Cr 7,500,000 HDFC Bank Ltd.
Debentures | -2% ₹72 Cr 1,500
↑ 1,500 Small Industries Development Bank Of India
Debentures | -1% ₹54 Cr 5,000
↑ 5,000 LIC Housing Finance Ltd
Debentures | -1% ₹53 Cr 5,000 Tata Capital Housing Finance Limited
Debentures | -1% ₹53 Cr 500
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.
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2025 Shepard Technologies Private Limited. All Rights Reserved
Research Highlights for IDBI Ultra Short Term Fund