Top 4 Mutual Funds for Low Risk Investors

Updated on October 6, 2025 , 3433 views

If you are approaching retirement or are a newbie to Mutual Funds or if you are looking for an investment that won’t cause you much loss and protect your funds at the same time, then we have got some options that you need to have a look at. Ideally, low-risk investors are the one who wants to invest their money, but don’t want to risk their investments. In other words, they want to make a safe investment in Mutual Funds.

Debt fund, a type of Mutual Fund, have some of the best low-risk investments for conservative investors. As debt funds invest in government Bonds, money Market securities, etc., they carry a lower risk, compared to equities. Also, since these funds have a low-risk, the maturity duration of these funds is short, varying from a few days to a year. But, these funds are known for this short-term returns. Risk-averse investors can invest in these funds for a short duration and earn optimal returns.

Best Low Risk Mutual Funds for Low Risk Investors

Overnight Funds

These are a debt scheme that will invest in bonds that mature in a day. In other words, investment is done in overnight securities with a maturity of one day. This is a safe option for investors who want to park money without worrying about risks and returns. Some overnight scheme, in order to generate credit risk-free return by way of Income or growth, invests in Central Government Securities, Treasury Bills, Call Money and Repos. This is a great option for investors who want to invest their surplus amount for a night. However, one who don't want to redeem their fund overnight, can let it remain in the scheme.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
UTI Overnight Fund Growth	₹3,557.65 ↑ 0.50	₹5,505	1.3	2.7	6	6.4	6.7	5.4%	2D	2D
SBI Overnight Fund Growth	₹4,217.47 ↑ 0.59	₹23,903	1.3	2.7	6	6.3	6.6	5.41%	1D	1D
HDFC Overnight Fund Growth	₹3,857.77 ↑ 0.54	₹11,247	1.3	2.7	5.9	6.3	6.6	5.4%	1D	1D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Oct 25

Research Highlights & Commentary of 3 Funds showcased

Commentary	UTI Overnight Fund	SBI Overnight Fund	HDFC Overnight Fund
Point 1	Bottom quartile AUM (₹5,505 Cr).	Highest AUM (₹23,903 Cr).	Lower mid AUM (₹11,247 Cr).
Point 2	Established history (21+ yrs).	Oldest track record among peers (23 yrs).	Established history (23+ yrs).
Point 3	Top rated.	Rating: 2★ (lower mid).	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.04% (upper mid).	1Y return: 5.99% (lower mid).	1Y return: 5.95% (bottom quartile).
Point 6	1M return: 0.44% (upper mid).	1M return: 0.44% (lower mid).	1M return: 0.43% (bottom quartile).
Point 7	Sharpe: -9.49 (upper mid).	Sharpe: -10.39 (lower mid).	Sharpe: -23.46 (bottom quartile).
Point 8	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 5.40% (lower mid).	Yield to maturity (debt): 5.41% (upper mid).	Yield to maturity (debt): 5.40% (bottom quartile).
Point 10	Modified duration: 0.01 yrs (bottom quartile).	Modified duration: 0.00 yrs (upper mid).	Modified duration: 0.00 yrs (lower mid).

UTI Overnight Fund

Bottom quartile AUM (₹5,505 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 6.04% (upper mid).
1M return: 0.44% (upper mid).
Sharpe: -9.49 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.40% (lower mid).
Modified duration: 0.01 yrs (bottom quartile).

SBI Overnight Fund

Highest AUM (₹23,903 Cr).
Oldest track record among peers (23 yrs).
Rating: 2★ (lower mid).
Risk profile: Low.
1Y return: 5.99% (lower mid).
1M return: 0.44% (lower mid).
Sharpe: -10.39 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.41% (upper mid).
Modified duration: 0.00 yrs (upper mid).

HDFC Overnight Fund

Lower mid AUM (₹11,247 Cr).
Established history (23+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Low.
1Y return: 5.95% (bottom quartile).
1M return: 0.43% (bottom quartile).
Sharpe: -23.46 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 5.40% (bottom quartile).
Modified duration: 0.00 yrs (lower mid).

Liquid Funds

Liquid Funds invest in securities that have a low maturity period, usually less than 91 days. These funds mainly invest in treasury bills, commercial papers, term deposit, etc. Liquid funds provide easy liquidity and are least volatile than the other types of debt instruments. Also, liquids are a better option than traditional Bank Savings Account. In comparison to bank account, liquid funds provide 7-8% of annual interest. Generally, anyone having idle cash in their savings account must have thought of Investing it somewhere to make more money out of it. Investors who want risk-free investment can ideally prefer investing in these funds.

Fund	NAV	Net Assets (Cr)	1 MO (%)	3 MO (%)	6 MO (%)	1 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
IDBI Liquid Fund Growth	₹2,454.04 ↑ 0.35	₹503	0.5	1.7	3.4	6.6		6.66%	1M 7D	1M 10D
Edelweiss Liquid Fund Growth	₹3,391.96 ↑ 0.45	₹10,218	0.5	1.4	3.1	6.8	7.3	5.83%	1M 10D	1M 10D
BOI AXA Liquid Fund Growth	₹3,054.52 ↑ 0.37	₹1,824	0.5	1.4	3.1	6.8	7.4	5.82%	1M 10D	1M 10D
Axis Liquid Fund Growth	₹2,953.18 ↑ 0.40	₹37,122	0.5	1.4	3	6.8	7.4	5.9%	1M 9D	1M 11D
Mahindra Liquid Fund Growth	₹1,725.78 ↑ 0.24	₹1,231	0.5	1.4	3	6.8	7.4	5.93%	1M 6D	1M 8D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Jul 23

Research Highlights & Commentary of 5 Funds showcased

Commentary	IDBI Liquid Fund	Edelweiss Liquid Fund	BOI AXA Liquid Fund	Axis Liquid Fund	Mahindra Liquid Fund
Point 1	Bottom quartile AUM (₹503 Cr).	Upper mid AUM (₹10,218 Cr).	Lower mid AUM (₹1,824 Cr).	Highest AUM (₹37,122 Cr).	Bottom quartile AUM (₹1,231 Cr).
Point 2	Established history (15+ yrs).	Oldest track record among peers (18 yrs).	Established history (17+ yrs).	Established history (16+ yrs).	Established history (9+ yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Top rated.	Not Rated.
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.55% (bottom quartile).	1Y return: 6.80% (lower mid).	1Y return: 6.83% (top quartile).	1Y return: 6.82% (upper mid).	1Y return: 6.76% (bottom quartile).
Point 6	1M return: 0.53% (top quartile).	1M return: 0.49% (upper mid).	1M return: 0.48% (bottom quartile).	1M return: 0.49% (lower mid).	1M return: 0.48% (bottom quartile).
Point 7	Sharpe: 0.20 (bottom quartile).	Sharpe: 3.91 (upper mid).	Sharpe: 4.59 (top quartile).	Sharpe: 3.41 (bottom quartile).	Sharpe: 3.61 (lower mid).
Point 8	Information ratio: -5.96 (bottom quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.74 (top quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.66% (top quartile).	Yield to maturity (debt): 5.83% (bottom quartile).	Yield to maturity (debt): 5.82% (bottom quartile).	Yield to maturity (debt): 5.90% (lower mid).	Yield to maturity (debt): 5.93% (upper mid).
Point 10	Modified duration: 0.10 yrs (upper mid).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.11 yrs (lower mid).	Modified duration: 0.10 yrs (top quartile).

IDBI Liquid Fund

Bottom quartile AUM (₹503 Cr).
Established history (15+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 6.55% (bottom quartile).
1M return: 0.53% (top quartile).
Sharpe: 0.20 (bottom quartile).
Information ratio: -5.96 (bottom quartile).
Yield to maturity (debt): 6.66% (top quartile).
Modified duration: 0.10 yrs (upper mid).

Edelweiss Liquid Fund

Upper mid AUM (₹10,218 Cr).
Oldest track record among peers (18 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.80% (lower mid).
1M return: 0.49% (upper mid).
Sharpe: 3.91 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.83% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

BOI AXA Liquid Fund

Lower mid AUM (₹1,824 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.83% (top quartile).
1M return: 0.48% (bottom quartile).
Sharpe: 4.59 (top quartile).
Information ratio: 0.74 (top quartile).
Yield to maturity (debt): 5.82% (bottom quartile).
Modified duration: 0.11 yrs (bottom quartile).

Axis Liquid Fund

Highest AUM (₹37,122 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.82% (upper mid).
1M return: 0.49% (lower mid).
Sharpe: 3.41 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.90% (lower mid).
Modified duration: 0.11 yrs (lower mid).

Mahindra Liquid Fund

Bottom quartile AUM (₹1,231 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Low.
1Y return: 6.76% (bottom quartile).
1M return: 0.48% (bottom quartile).
Sharpe: 3.61 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 5.93% (upper mid).
Modified duration: 0.10 yrs (top quartile).

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Ultra Short Term Funds

Ultra short duration funds invest in Fixed Income instruments which have a Macaulay duration between three to six months. Ultra short-term funds help investors avoid interest rate risks and also offer better returns compared to liquid debt funds. These funds are short-term investments that are highly suitable for investors who are willing to marginally increase the risk of investment to earn good returns. Typically, the yield on a debt instrument is higher for instruments with longer maturities. Thus, securities in ultra short mutual funds usually earn a higher yield as compared to Liquid funds (albeit at a relatively higher risk). As a result, ultra short term funds may give marginally better returns than liquid funds over comparable periods of time.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth	₹34.9131 ↑ 0.04	₹297	1.3	5.9	13.7	8.8		0%		1Y 15D
Aditya Birla Sun Life Savings Fund Growth	₹558.663 ↑ 0.08	₹21,521	1.5	3.7	7.8	7.5	7.9	6.76%	5M 8D	6M 11D
ICICI Prudential Ultra Short Term Fund Growth	₹28.2018 ↑ 0.00	₹16,980	1.5	3.5	7.4	7.2	7.5	6.66%	4M 20D	7M 2D
IDBI Ultra Short Term Fund Growth	₹2,424.68 ↑ 0.44	₹146	1.6	3.4	6.4	4.8		6.83%	2M 10D	2M 23D
SBI Magnum Ultra Short Duration Fund Growth	₹6,079.38 ↑ 0.86	₹15,525	1.5	3.3	7.2	7.2	7.4	6.22%	5M 8D	6M
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22

Research Highlights & Commentary of 5 Funds showcased

Commentary	Franklin India Ultra Short Bond Fund - Super Institutional Plan	Aditya Birla Sun Life Savings Fund	ICICI Prudential Ultra Short Term Fund	IDBI Ultra Short Term Fund	SBI Magnum Ultra Short Duration Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Highest AUM (₹21,521 Cr).	Upper mid AUM (₹16,980 Cr).	Bottom quartile AUM (₹146 Cr).	Lower mid AUM (₹15,525 Cr).
Point 2	Established history (17+ yrs).	Established history (22+ yrs).	Established history (14+ yrs).	Established history (15+ yrs).	Oldest track record among peers (26 yrs).
Point 3	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 1★ (bottom quartile).	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Low.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 7.81% (upper mid).	1Y return: 7.37% (lower mid).	1Y return: 6.39% (bottom quartile).	1Y return: 7.23% (bottom quartile).
Point 6	1M return: 0.59% (bottom quartile).	1M return: 0.61% (upper mid).	1M return: 0.62% (top quartile).	1M return: 0.52% (bottom quartile).	1M return: 0.60% (lower mid).
Point 7	Sharpe: 2.57 (bottom quartile).	Sharpe: 3.66 (top quartile).	Sharpe: 2.88 (upper mid).	Sharpe: -0.57 (bottom quartile).	Sharpe: 2.74 (lower mid).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (bottom quartile).	Yield to maturity (debt): 6.76% (upper mid).	Yield to maturity (debt): 6.66% (lower mid).	Yield to maturity (debt): 6.83% (top quartile).	Yield to maturity (debt): 6.22% (bottom quartile).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.44 yrs (bottom quartile).	Modified duration: 0.39 yrs (lower mid).	Modified duration: 0.19 yrs (upper mid).	Modified duration: 0.44 yrs (bottom quartile).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Established history (17+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (bottom quartile).
Sharpe: 2.57 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).

Aditya Birla Sun Life Savings Fund

Highest AUM (₹21,521 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.81% (upper mid).
1M return: 0.61% (upper mid).
Sharpe: 3.66 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.76% (upper mid).
Modified duration: 0.44 yrs (bottom quartile).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹16,980 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 7.37% (lower mid).
1M return: 0.62% (top quartile).
Sharpe: 2.88 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.66% (lower mid).
Modified duration: 0.39 yrs (lower mid).

IDBI Ultra Short Term Fund

Bottom quartile AUM (₹146 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.39% (bottom quartile).
1M return: 0.52% (bottom quartile).
Sharpe: -0.57 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.83% (top quartile).
Modified duration: 0.19 yrs (upper mid).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹15,525 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 7.23% (bottom quartile).
1M return: 0.60% (lower mid).
Sharpe: 2.74 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.22% (bottom quartile).
Modified duration: 0.44 yrs (bottom quartile).

Money Market Funds

The money market fund invests in many markets such as commercial/treasury bills, commercial papers, Certificate of Deposit and other instruments specified by the Reserve Bank of India (RBI). These investments are a good option for risk-averse investors who want to earn good returns in short duration. This debt scheme will invest in money market instruments having a maturity up to one year. The performance of Money market funds is closely tied to the interest rates set by the Reserve Bank of India, the Central Bank of India. So, when RBI raises rates in the market, yields increase, and money market funds are able to give good returns.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
UTI Money Market Fund Growth	₹3,143.52 ↑ 0.36	₹19,496	1.5	3.6	7.8	7.6	7.7	6.22%	5M 27D	5M 28D
Nippon India Money Market Fund Growth	₹4,230.82 ↑ 0.45	₹23,881	1.4	3.6	7.7	7.6	7.8	6.27%	5M 11D	5M 21D
Aditya Birla Sun Life Money Manager Fund Growth	₹377.158 ↑ 0.04	₹27,665	1.5	3.5	7.7	7.6	7.8	6.24%	5M 12D	5M 12D
ICICI Prudential Money Market Fund Growth	₹386.779 ↑ 0.04	₹37,137	1.4	3.5	7.7	7.6	7.7	6.17%	5M 1D	5M 11D
Franklin India Savings Fund Growth	₹51.1247 ↑ 0.01	₹3,865	1.4	3.5	7.7	7.5	7.7	6.08%	5M 26D	6M 7D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Oct 25

Research Highlights & Commentary of 5 Funds showcased

Commentary	UTI Money Market Fund	Nippon India Money Market Fund	Aditya Birla Sun Life Money Manager Fund	ICICI Prudential Money Market Fund	Franklin India Savings Fund
Point 1	Bottom quartile AUM (₹19,496 Cr).	Lower mid AUM (₹23,881 Cr).	Upper mid AUM (₹27,665 Cr).	Highest AUM (₹37,137 Cr).	Bottom quartile AUM (₹3,865 Cr).
Point 2	Established history (16+ yrs).	Established history (20+ yrs).	Established history (20+ yrs).	Established history (19+ yrs).	Oldest track record among peers (23 yrs).
Point 3	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Top rated.	Rating: 4★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Moderately Low.
Point 5	1Y return: 7.77% (top quartile).	1Y return: 7.73% (lower mid).	1Y return: 7.70% (bottom quartile).	1Y return: 7.73% (bottom quartile).	1Y return: 7.73% (upper mid).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.58% (lower mid).	1M return: 0.58% (upper mid).	1M return: 0.57% (bottom quartile).	1M return: 0.57% (bottom quartile).
Point 7	Sharpe: 3.22 (upper mid).	Sharpe: 3.09 (lower mid).	Sharpe: 3.32 (top quartile).	Sharpe: 3.02 (bottom quartile).	Sharpe: 2.97 (bottom quartile).
Point 8	Information ratio: 0.00 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.22% (lower mid).	Yield to maturity (debt): 6.27% (top quartile).	Yield to maturity (debt): 6.24% (upper mid).	Yield to maturity (debt): 6.17% (bottom quartile).	Yield to maturity (debt): 6.08% (bottom quartile).
Point 10	Modified duration: 0.49 yrs (bottom quartile).	Modified duration: 0.45 yrs (upper mid).	Modified duration: 0.45 yrs (lower mid).	Modified duration: 0.42 yrs (top quartile).	Modified duration: 0.49 yrs (bottom quartile).

UTI Money Market Fund

Bottom quartile AUM (₹19,496 Cr).
Established history (16+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 7.77% (top quartile).
1M return: 0.59% (top quartile).
Sharpe: 3.22 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.22% (lower mid).
Modified duration: 0.49 yrs (bottom quartile).

Nippon India Money Market Fund

Lower mid AUM (₹23,881 Cr).
Established history (20+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 7.73% (lower mid).
1M return: 0.58% (lower mid).
Sharpe: 3.09 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.27% (top quartile).
Modified duration: 0.45 yrs (upper mid).

Aditya Birla Sun Life Money Manager Fund

Upper mid AUM (₹27,665 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Low.
1Y return: 7.70% (bottom quartile).
1M return: 0.58% (upper mid).
Sharpe: 3.32 (top quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.24% (upper mid).
Modified duration: 0.45 yrs (lower mid).

ICICI Prudential Money Market Fund

Highest AUM (₹37,137 Cr).
Established history (19+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 7.73% (bottom quartile).
1M return: 0.57% (bottom quartile).
Sharpe: 3.02 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.17% (bottom quartile).
Modified duration: 0.42 yrs (top quartile).

Franklin India Savings Fund

Bottom quartile AUM (₹3,865 Cr).
Oldest track record among peers (23 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 7.73% (upper mid).
1M return: 0.57% (bottom quartile).
Sharpe: 2.97 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.08% (bottom quartile).
Modified duration: 0.49 yrs (bottom quartile).

*Above is list of best low-risk funds are having AUM/Net Assets above 100 Crore. Sorted on Last 6 Months Return.

1. Franklin India Ultra Short Bond Fund - Super Institutional Plan

To provide a combination of regular income and high liquidity by investing primarily in a mix of short term debt and money market instruments.

Research Highlights for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Established history (17+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (upper mid).
Sharpe: 2.57 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).
Average maturity: 1.04 yrs (bottom quartile).
Exit load: NIL.

Below is the key information for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth
Launch Date	18 Dec 07
NAV (07 Aug 22)	₹34.9131 ↑ 0.04 (0.11 %)
Net Assets (Cr)	₹297 on 31 Jul 22
Category	Debt - Ultrashort Bond
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆
Risk	Moderate
Expense Ratio	0.52
Sharpe Ratio	2.57
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	0%
Effective Maturity	1 Year 15 Days
Modified Duration

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,936

Franklin India Ultra Short Bond Fund - Super Institutional Plan SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Purchase not allowed

Returns for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 22

Duration	Returns
1 Month	0.6%
3 Month	1.3%
6 Month	5.9%
1 Year	13.7%
3 Year	8.8%
5 Year	8.7%
10 Year
15 Year
Since launch	8.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

Fund Manager information for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Name	Since	Tenure

Data below for Franklin India Ultra Short Bond Fund - Super Institutional Plan as on 31 Jul 22

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

2. Aditya Birla Sun Life Savings Fund

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

Lower mid AUM (₹21,521 Cr).
Oldest track record among peers (22 yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.81% (upper mid).
1M return: 0.61% (top quartile).
Sharpe: 3.66 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.76% (top quartile).
Modified duration: 0.44 yrs (upper mid).
Average maturity: 0.53 yrs (bottom quartile).
Exit load: NIL.
Top sector: Financial Services.
Higher exposure to Corporate (bond sector) vs peer median.
Conservative stance with elevated cash (~44%).
High-quality debt (AAA/AA ~100%).
Largest holding Shriram Finance Limited (~2.8%).

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 (08 Oct 25)	₹558.663 ↑ 0.08 (0.01 %)
Net Assets (Cr)	₹21,521 on 31 Aug 25
Category	Debt - Ultrashort Bond
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.55
Sharpe Ratio	3.66
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.76%
Effective Maturity	6 Months 11 Days
Modified Duration	5 Months 8 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,435
30 Sep 22	₹10,856
30 Sep 23	₹11,624
30 Sep 24	₹12,503
30 Sep 25	₹13,481

Aditya Birla Sun Life Savings Fund SIP 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 7 Aug 22

Duration	Returns
1 Month	0.6%
3 Month	1.5%
6 Month	3.7%
1 Year	7.8%
3 Year	7.5%
5 Year	6.2%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.9%
2023	7.2%
2022	4.8%
2021	3.9%
2020	7%
2019	8.5%
2018	7.6%
2017	7.2%
2016	9.2%
2015	8.9%

Fund Manager information for Aditya Birla Sun Life Savings Fund

Name	Since	Tenure
Sunaina Cunha	20 Jun 14	11.21 Yr.
Kaustubh Gupta	15 Jul 11	14.14 Yr.
Monika Gandhi	22 Mar 21	4.45 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	43.9%
Debt	55.85%
Other	0.25%

Debt Sector Allocation

Sector	Value
Corporate	58.06%
Cash Equivalent	25.58%
Government	16.11%

Credit Quality

Rating	Value
AA	30.25%
AAA	69.75%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Shriram Finance Limited Debentures \| -	3%	₹614 Cr	60,000
Nirma Limited Debentures \| -	2%	₹487 Cr	48,500
07.22 GJ Sdl 2028 Sovereign Bonds \| -	2%	₹377 Cr	37,500,000
Mankind Pharma Limited Debentures \| -	2%	₹348 Cr	34,500
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹341 Cr	3,400 ↑ 250
Bharti Telecom Limited Debentures \| -	1%	₹321 Cr	3,200
Avanse Financial Services Limited Debentures \| -	1%	₹301 Cr	30,000
Power Finance Corporation Limited Debentures \| -	1%	₹298 Cr	30,000
ICICI Home Finance Company Limited Debentures \| -	1%	₹271 Cr	27,000
Bharti Telecom Limited Debentures \| -	1%	₹261 Cr	2,600

3. UTI Money Market Fund

To provide highest possible current income consistent with preservation of capital and providing liquidity from investing in a diversified portfolio of short term money market securities.

Research Highlights for UTI Money Market Fund

Bottom quartile AUM (₹19,496 Cr).
Established history (16+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 7.77% (lower mid).
1M return: 0.59% (lower mid).
Sharpe: 3.22 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.22% (bottom quartile).
Modified duration: 0.49 yrs (bottom quartile).
Average maturity: 0.49 yrs (lower mid).
Exit load: NIL.
Top sector: Real Estate.
Top bond sector: Corporate.
Conservative stance with elevated cash (~85%).
High-quality debt (AAA/AA ~100%).
Largest holding 364 Days Tbill (Md 05/03/2026) (~2.5%).

Below is the key information for UTI Money Market Fund

UTI Money Market Fund Growth
Launch Date	13 Jul 09
NAV (08 Oct 25)	₹3,143.52 ↑ 0.36 (0.01 %)
Net Assets (Cr)	₹19,496 on 31 Aug 25
Category	Debt - Money Market
AMC	UTI Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.25
Sharpe Ratio	3.22
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.22%
Effective Maturity	5 Months 28 Days
Modified Duration	5 Months 27 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,388
30 Sep 22	₹10,818
30 Sep 23	₹11,611
30 Sep 24	₹12,502
30 Sep 25	₹13,476

UTI Money Market Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for UTI Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 22

Duration	Returns
1 Month	0.6%
3 Month	1.5%
6 Month	3.6%
1 Year	7.8%
3 Year	7.6%
5 Year	6.2%
10 Year
15 Year
Since launch	7.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.7%
2023	7.4%
2022	4.9%
2021	3.7%
2020	6%
2019	8%
2018	7.8%
2017	6.7%
2016	7.7%
2015	8.4%

Fund Manager information for UTI Money Market Fund

Name	Since	Tenure
Anurag Mittal	1 Dec 21	3.75 Yr.
Amit Sharma	7 Jul 17	8.16 Yr.

Data below for UTI Money Market Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	85.47%
Debt	14.27%
Other	0.27%

Debt Sector Allocation

Sector	Value
Corporate	51.94%
Cash Equivalent	25.02%
Government	22.78%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
364 Days Tbill (Md 05/03/2026) Sovereign Bonds \| -	2%	₹487 Cr	5,000,000,000
364 DTB 19mar2026 Sovereign Bonds \| -	2%	₹486 Cr	5,000,000,000
182 Days Tbill Red 28-05-2026 Sovereign Bonds \| -	2%	₹468 Cr	4,750,000,000
364 Days Tbill Red 12-03-2026 Sovereign Bonds \| -	1%	₹243 Cr	2,500,000,000
364 DTB 12022026 Sovereign Bonds \| -	1%	₹196 Cr	2,000,000,000
364 DTB 27022026 Sovereign Bonds \| -	1%	₹195 Cr	2,000,000,000
HDFC Bank Ltd. Debentures \| -	1%	₹145 Cr	1,500,000,000
Equitas Small Finance Bank Ltd. Debentures \| -	1%	₹145 Cr	1,500,000,000
India (Republic of) - \| -	1%	₹118 Cr	1,206,770,000
Goi 15.12.2025 Gov Sovereign Bonds \| -	1%	₹104 Cr	1,053,040,000

4. Nippon India Money Market Fund

(Erstwhile Reliance Liquidity Fund)

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 Money Market Fund

Upper mid AUM (₹23,881 Cr).
Established history (20+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 7.73% (bottom quartile).
1M return: 0.58% (bottom quartile).
Sharpe: 3.09 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.27% (upper mid).
Modified duration: 0.45 yrs (lower mid).
Average maturity: 0.47 yrs (upper mid).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~85%).
High-quality debt (AAA/AA ~100%).
Largest holding 364 DTB 27022026 (~1.0%).

Below is the key information for Nippon India Money Market Fund

Nippon India Money Market Fund Growth
Launch Date	16 Jun 05
NAV (08 Oct 25)	₹4,230.82 ↑ 0.45 (0.01 %)
Net Assets (Cr)	₹23,881 on 31 Aug 25
Category	Debt - Money Market
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Low
Expense Ratio	0.39
Sharpe Ratio	3.09
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.27%
Effective Maturity	5 Months 21 Days
Modified Duration	5 Months 11 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,392
30 Sep 22	₹10,832
30 Sep 23	₹11,619
30 Sep 24	₹12,513
30 Sep 25	₹13,483

Nippon India Money Market Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Nippon India Money Market Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 22

Duration	Returns
1 Month	0.6%
3 Month	1.4%
6 Month	3.6%
1 Year	7.7%
3 Year	7.6%
5 Year	6.2%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.8%
2023	7.4%
2022	5%
2021	3.8%
2020	6%
2019	8.1%
2018	7.9%
2017	6.6%
2016	7.6%
2015	8.3%

Fund Manager information for Nippon India Money Market Fund

Name	Since	Tenure
Kinjal Desai	16 Jul 18	7.13 Yr.
Vikash Agarwal	14 Sep 24	0.96 Yr.

Data below for Nippon India Money Market Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	85.13%
Debt	14.62%
Other	0.25%

Debt Sector Allocation

Sector	Value
Corporate	42.88%
Cash Equivalent	36.26%
Government	20.62%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
364 DTB 27022026 Sovereign Bonds \| -	1%	₹244 Cr	25,000,000
364 Days Tbill (Md 05/03/2026) Sovereign Bonds \| -	1%	₹244 Cr	25,000,000
07.36 UK Gs 2033 Sovereign Bonds \| -	1%	₹230 Cr	22,783,400
Indian Bank Domestic Bonds \| -	1%	₹218 Cr	4,500
364 Days Tbill Red 12-03-2026 Sovereign Bonds \| -	1%	₹170 Cr	17,500,000
0% Goi - 16dec25 Strips Sovereign Bonds \| -	1%	₹159 Cr	16,169,400
AU Small Finance Bank Ltd. Debentures \| -	1%	₹144 Cr	3,000
08.36 MH Sdl 2026 Sovereign Bonds \| -	1%	₹136 Cr	13,500,000
08.69 Tn SDL 2026 Sovereign Bonds \| -	1%	₹127 Cr	12,500,000
Treasury Bills Sovereign Bonds \| -	0%	₹113 Cr	11,500,000

5. Aditya Birla Sun Life Money Manager Fund

(Erstwhile Aditya Birla Sun Life Floating Rate Fund - Short Term)

The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments.

Research Highlights for Aditya Birla Sun Life Money Manager Fund

Highest AUM (₹27,665 Cr).
Established history (20+ yrs).
Rating: 5★ (upper mid).
Risk profile: Low.
1Y return: 7.70% (bottom quartile).
1M return: 0.58% (bottom quartile).
Sharpe: 3.32 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.24% (lower mid).
Modified duration: 0.45 yrs (bottom quartile).
Average maturity: 0.45 yrs (top quartile).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~90%).
High-quality debt (AAA/AA ~100%).
Largest holding 5.15% Govt Stock 2025 (~2.4%).

Below is the key information for Aditya Birla Sun Life Money Manager Fund

Aditya Birla Sun Life Money Manager Fund Growth
Launch Date	13 Oct 05
NAV (08 Oct 25)	₹377.158 ↑ 0.04 (0.01 %)
Net Assets (Cr)	₹27,665 on 31 Aug 25
Category	Debt - Money Market
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.35
Sharpe Ratio	3.32
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.24%
Effective Maturity	5 Months 12 Days
Modified Duration	5 Months 12 Days

Growth of 10,000 investment over the years.

Date	Value
30 Sep 20	₹10,000
30 Sep 21	₹10,402
30 Sep 22	₹10,825
30 Sep 23	₹11,619
30 Sep 24	₹12,516
30 Sep 25	₹13,482

Aditya Birla Sun Life Money Manager Fund SIP 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 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 7 Aug 22

Duration	Returns
1 Month	0.6%
3 Month	1.5%
6 Month	3.5%
1 Year	7.7%
3 Year	7.6%
5 Year	6.2%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.8%
2023	7.4%
2022	4.8%
2021	3.8%
2020	6.6%
2019	8%
2018	7.9%
2017	6.8%
2016	7.7%
2015	8.4%

Fund Manager information for Aditya Birla Sun Life Money Manager Fund

Name	Since	Tenure
Kaustubh Gupta	15 Jul 11	14.14 Yr.
Anuj Jain	22 Mar 21	4.45 Yr.
Mohit Sharma	1 Apr 17	8.42 Yr.

Data below for Aditya Birla Sun Life Money Manager Fund as on 31 Aug 25

Asset Allocation

Asset Class	Value
Cash	90.19%
Debt	9.54%
Other	0.27%

Debt Sector Allocation

Sector	Value
Cash Equivalent	44.01%
Corporate	40.49%
Government	15.23%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
5.15% Govt Stock 2025 Sovereign Bonds \| -	2%	₹675 Cr	67,500,000
182 Dtb 19feb2026 Sovereign Bonds \| -	2%	₹488 Cr	50,000,000
India (Republic of) - \| -	1%	₹246 Cr	25,000,000
Bank of Baroda Debentures \| -	1%	₹245 Cr	5,000
7.59% Govt Stock 2026 Sovereign Bonds \| -	1%	₹241 Cr	24,000,000
182 Days T-Bill - 27feb2026 Sovereign Bonds \| -	1%	₹219 Cr	22,500,000
Gs CG 12/12/2025 - (Strips) Tb Sovereign Bonds \| -	1%	₹188 Cr	19,009,500
08.16 KA Sdl 2025 Sovereign Bonds \| -	1%	₹181 Cr	18,000,000
Gs CG 19/12/2025 - (Strips) Tb Sovereign Bonds \| -	1%	₹160 Cr	16,244,600
National Bank for Agriculture and Rural Development Domestic Bonds \| -	1%	₹145 Cr	3,000

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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.