Top 4 Mutual Funds for Low Risk Investors

Updated on March 5, 2026 , 3646 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 funds, 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

Fund Selection Methodology used to find 4 funds

Category: Debt
Sub-category: Overnight
AUM Range: 100 to 1000000 Cr
Sorted On : 6-month return (high to low)
Tags: fcpro
No Of Funds: 4

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	₹3,632.78 ↑ 0.47	₹4,119	1.2	2.6	5.5	6.3	5.8	5.18%	3D	3D
SBI Overnight Fund Growth	₹4,305.65 ↑ 0.55	₹35,051	1.2	2.6	5.5	6.2	5.7	5.23%	1D	1D
HDFC Overnight Fund Growth	₹3,937.74 ↑ 0.49	₹12,527	1.2	2.5	5.4	6.2	5.7	5.43%	3D	3D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Mar 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	UTI Overnight Fund	SBI Overnight Fund	HDFC Overnight Fund
Point 1	Bottom quartile AUM (₹4,119 Cr).	Highest AUM (₹35,051 Cr).	Lower mid AUM (₹12,527 Cr).
Point 2	Established history (22+ yrs).	Established history (23+ yrs).	Oldest track record among peers (24 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: 5.51% (upper mid).	1Y return: 5.46% (lower mid).	1Y return: 5.42% (bottom quartile).
Point 6	1M return: 0.36% (upper mid).	1M return: 0.36% (lower mid).	1M return: 0.36% (bottom quartile).
Point 7	Sharpe: -14.13 (upper mid).	Sharpe: -18.05 (lower mid).	Sharpe: -18.92 (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): 5.18% (bottom quartile).	Yield to maturity (debt): 5.23% (lower mid).	Yield to maturity (debt): 5.43% (upper mid).
Point 10	Modified duration: 0.01 yrs (lower mid).	Modified duration: 0.00 yrs (upper mid).	Modified duration: 0.01 yrs (bottom quartile).

UTI Overnight Fund

Bottom quartile AUM (₹4,119 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 5.51% (upper mid).
1M return: 0.36% (upper mid).
Sharpe: -14.13 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 5.18% (bottom quartile).
Modified duration: 0.01 yrs (lower mid).

SBI Overnight Fund

Highest AUM (₹35,051 Cr).
Established history (23+ yrs).
Rating: 2★ (lower mid).
Risk profile: Low.
1Y return: 5.46% (lower mid).
1M return: 0.36% (lower mid).
Sharpe: -18.05 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 5.23% (lower mid).
Modified duration: 0.00 yrs (upper mid).

HDFC Overnight Fund

Lower mid AUM (₹12,527 Cr).
Oldest track record among peers (24 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Low.
1Y return: 5.42% (bottom quartile).
1M return: 0.36% (bottom quartile).
Sharpe: -18.92 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 5.43% (upper mid).
Modified duration: 0.01 yrs (bottom quartile).

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 10 years in Mutual Fund distribution, our team blends deep industry expertise with a commitment to transparency, accuracy, and investor education.

Who We Are

AMFI Registration No.: 112358
MCA CIN: U74999MH2016PTC282153
Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

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Certified Mutual Fund Distributors with hands-on advisory experience.
Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

Our Research Process

Data sourcing: SEBI-registered fund houses & verified third-party provider Morning Star
Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
Expert review: Senior team members review every article and list for accuracy.
Updates: Regular refreshes so performance data reflects current market conditions.

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Disclaimer

Content is for educational and informational purposes only and is not investment advice. Please consider your risk profile and consult a financial advisor before investing.

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
BOI AXA Liquid Fund Growth	₹3,129.21 ↑ 0.54	₹1,843	0.5	1.5	2.9	6.4	6.6	6.42%	1M 2D	1M 2D
Axis Liquid Fund Growth	₹3,023.66 ↑ 0.43	₹39,028	0.5	1.4	2.9	6.3	6.6	6.5%	27D	30D
Mahindra Liquid Fund Growth	₹1,767.28 ↑ 0.30	₹1,159	0.5	1.4	2.9	6.3	6.5	6.7%	1M 10D	1M 12D
DSP Liquidity Fund Growth	₹3,876.76 ↑ 0.54	₹16,616	0.5	1.5	2.9	6.3	6.5	6.84%	1M 6D	1M 10D
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	BOI AXA Liquid Fund	Axis Liquid Fund	Mahindra Liquid Fund	DSP Liquidity Fund
Point 1	Bottom quartile AUM (₹503 Cr).	Lower mid AUM (₹1,843 Cr).	Highest AUM (₹39,028 Cr).	Bottom quartile AUM (₹1,159 Cr).	Upper mid AUM (₹16,616 Cr).
Point 2	Established history (15+ yrs).	Established history (17+ yrs).	Established history (16+ yrs).	Established history (9+ yrs).	Oldest track record among peers (20 yrs).
Point 3	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Top rated.	Not Rated.	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.	Risk profile: Low.
Point 5	1Y return: 6.55% (top quartile).	1Y return: 6.36% (upper mid).	1Y return: 6.33% (lower mid).	1Y return: 6.29% (bottom quartile).	1Y return: 6.31% (bottom quartile).
Point 6	1M return: 0.53% (top quartile).	1M return: 0.45% (lower mid).	1M return: 0.45% (bottom quartile).	1M return: 0.46% (upper mid).	1M return: 0.45% (bottom quartile).
Point 7	Sharpe: 0.20 (bottom quartile).	Sharpe: 3.73 (top quartile).	Sharpe: 3.16 (lower mid).	Sharpe: 3.10 (bottom quartile).	Sharpe: 3.17 (upper mid).
Point 8	Information ratio: -5.96 (bottom quartile).	Information ratio: 1.44 (top quartile).	Information ratio: 0.00 (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Yield to maturity (debt): 6.66% (lower mid).	Yield to maturity (debt): 6.42% (bottom quartile).	Yield to maturity (debt): 6.50% (bottom quartile).	Yield to maturity (debt): 6.70% (upper mid).	Yield to maturity (debt): 6.84% (top quartile).
Point 10	Modified duration: 0.10 yrs (bottom quartile).	Modified duration: 0.09 yrs (upper mid).	Modified duration: 0.07 yrs (top quartile).	Modified duration: 0.11 yrs (bottom quartile).	Modified duration: 0.10 yrs (lower mid).

IDBI Liquid Fund

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

BOI AXA Liquid Fund

Lower mid AUM (₹1,843 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.36% (upper mid).
1M return: 0.45% (lower mid).
Sharpe: 3.73 (top quartile).
Information ratio: 1.44 (top quartile).
Yield to maturity (debt): 6.42% (bottom quartile).
Modified duration: 0.09 yrs (upper mid).

Axis Liquid Fund

Highest AUM (₹39,028 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.33% (lower mid).
1M return: 0.45% (bottom quartile).
Sharpe: 3.16 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.50% (bottom quartile).
Modified duration: 0.07 yrs (top quartile).

Mahindra Liquid Fund

Bottom quartile AUM (₹1,159 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Low.
1Y return: 6.29% (bottom quartile).
1M return: 0.46% (upper mid).
Sharpe: 3.10 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.70% (upper mid).
Modified duration: 0.11 yrs (bottom quartile).

DSP Liquidity Fund

Upper mid AUM (₹16,616 Cr).
Oldest track record among peers (20 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.31% (bottom quartile).
1M return: 0.45% (bottom quartile).
Sharpe: 3.17 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.84% (top quartile).
Modified duration: 0.10 yrs (lower mid).

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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
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
Aditya Birla Sun Life Savings Fund Growth	₹571.703 ↑ 0.19	₹22,857	1.3	3	7.2	7.4	7.4	6.81%	5M 19D	6M 11D
ICICI Prudential Ultra Short Term Fund Growth	₹28.8406 ↑ 0.01	₹17,808	1.3	2.9	6.9	7.1	7.1	7.31%	5M 5D	6M 11D
SBI Magnum Ultra Short Duration Fund Growth	₹6,217.67 ↑ 1.70	₹14,032	1.3	2.9	6.7	7.1	7	6.99%	4M 20D	6M 7D
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	IDBI Ultra Short Term Fund	Aditya Birla Sun Life Savings Fund	ICICI Prudential Ultra Short Term Fund	SBI Magnum Ultra Short Duration Fund
Point 1	Bottom quartile AUM (₹297 Cr).	Bottom quartile AUM (₹146 Cr).	Highest AUM (₹22,857 Cr).	Upper mid AUM (₹17,808 Cr).	Lower mid AUM (₹14,032 Cr).
Point 2	Established history (18+ yrs).	Established history (15+ yrs).	Established history (22+ yrs).	Established history (14+ yrs).	Oldest track record among peers (26 yrs).
Point 3	Rating: 1★ (bottom quartile).	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderate.	Risk profile: Low.
Point 5	1Y return: 13.69% (top quartile).	1Y return: 6.39% (bottom quartile).	1Y return: 7.16% (upper mid).	1Y return: 6.86% (lower mid).	1Y return: 6.72% (bottom quartile).
Point 6	1M return: 0.59% (top quartile).	1M return: 0.52% (upper mid).	1M return: 0.52% (lower mid).	1M return: 0.48% (bottom quartile).	1M return: 0.46% (bottom quartile).
Point 7	Sharpe: 2.57 (top quartile).	Sharpe: -0.57 (bottom quartile).	Sharpe: 2.17 (upper mid).	Sharpe: 2.06 (bottom quartile).	Sharpe: 2.11 (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): 6.83% (lower mid).	Yield to maturity (debt): 6.81% (bottom quartile).	Yield to maturity (debt): 7.31% (top quartile).	Yield to maturity (debt): 6.99% (upper mid).
Point 10	Modified duration: 0.00 yrs (top quartile).	Modified duration: 0.19 yrs (upper mid).	Modified duration: 0.47 yrs (bottom quartile).	Modified duration: 0.43 yrs (bottom quartile).	Modified duration: 0.39 yrs (lower mid).

Franklin India Ultra Short Bond Fund - Super Institutional Plan

Bottom quartile AUM (₹297 Cr).
Established history (18+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (top quartile).
Sharpe: 2.57 (top quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 0.00% (bottom quartile).
Modified duration: 0.00 yrs (top quartile).

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% (upper mid).
Sharpe: -0.57 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.83% (lower mid).
Modified duration: 0.19 yrs (upper mid).

Aditya Birla Sun Life Savings Fund

Highest AUM (₹22,857 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.16% (upper mid).
1M return: 0.52% (lower mid).
Sharpe: 2.17 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.81% (bottom quartile).
Modified duration: 0.47 yrs (bottom quartile).

ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹17,808 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 6.86% (lower mid).
1M return: 0.48% (bottom quartile).
Sharpe: 2.06 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.31% (top quartile).
Modified duration: 0.43 yrs (bottom quartile).

SBI Magnum Ultra Short Duration Fund

Lower mid AUM (₹14,032 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.72% (bottom quartile).
1M return: 0.46% (bottom quartile).
Sharpe: 2.11 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.99% (upper mid).
Modified duration: 0.39 yrs (lower mid).

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	₹3,216.43 ↑ 0.81	₹20,497	1.4	2.9	7.2	7.5	7.5	6.96%	4M 26D	4M 26D
ICICI Prudential Money Market Fund Growth	₹395.787 ↑ 0.13	₹35,025	1.4	2.9	7.2	7.5	7.4	6.91%	5M 12D	5M 25D
Franklin India Savings Fund Growth	₹52.3136 ↑ 0.01	₹3,898	1.4	2.9	7.2	7.4	7.4	6.89%	5M 8D	5M 19D
Kotak Money Market Scheme Growth	₹4,682.11 ↑ 1.42	₹32,870	1.4	2.9	7.1	7.4	7.4	6.99%	5M 8D	5M 8D
Bandhan Money Manager Fund Growth	₹42.0158 ↑ 0.01	₹15,694	1.4	2.9	7.1	7	7.3	6.7%	3M 28D	3M 28D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Mar 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	UTI Money Market Fund	ICICI Prudential Money Market Fund	Franklin India Savings Fund	Kotak Money Market Scheme	Bandhan Money Manager Fund
Point 1	Lower mid AUM (₹20,497 Cr).	Highest AUM (₹35,025 Cr).	Bottom quartile AUM (₹3,898 Cr).	Upper mid AUM (₹32,870 Cr).	Bottom quartile AUM (₹15,694 Cr).
Point 2	Established history (16+ yrs).	Established history (20+ yrs).	Oldest track record among peers (24 yrs).	Established history (22+ yrs).	Established history (23+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).	Rating: 4★ (lower mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: Low.	Risk profile: Low.	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Moderately Low.
Point 5	1Y return: 7.19% (top quartile).	1Y return: 7.18% (lower mid).	1Y return: 7.18% (upper mid).	1Y return: 7.10% (bottom quartile).	1Y return: 7.07% (bottom quartile).
Point 6	1M return: 0.47% (upper mid).	1M return: 0.46% (lower mid).	1M return: 0.44% (bottom quartile).	1M return: 0.48% (top quartile).	1M return: 0.45% (bottom quartile).
Point 7	Sharpe: 2.26 (lower mid).	Sharpe: 2.31 (upper mid).	Sharpe: 2.24 (bottom quartile).	Sharpe: 2.13 (bottom quartile).	Sharpe: 2.37 (top 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): 6.96% (upper mid).	Yield to maturity (debt): 6.91% (lower mid).	Yield to maturity (debt): 6.89% (bottom quartile).	Yield to maturity (debt): 6.99% (top quartile).	Yield to maturity (debt): 6.70% (bottom quartile).
Point 10	Modified duration: 0.41 yrs (upper mid).	Modified duration: 0.45 yrs (bottom quartile).	Modified duration: 0.44 yrs (lower mid).	Modified duration: 0.44 yrs (bottom quartile).	Modified duration: 0.33 yrs (top quartile).

UTI Money Market Fund

Lower mid AUM (₹20,497 Cr).
Established history (16+ yrs).
Top rated.
Risk profile: Low.
1Y return: 7.19% (top quartile).
1M return: 0.47% (upper mid).
Sharpe: 2.26 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.96% (upper mid).
Modified duration: 0.41 yrs (upper mid).

ICICI Prudential Money Market Fund

Highest AUM (₹35,025 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 7.18% (lower mid).
1M return: 0.46% (lower mid).
Sharpe: 2.31 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.91% (lower mid).
Modified duration: 0.45 yrs (bottom quartile).

Franklin India Savings Fund

Bottom quartile AUM (₹3,898 Cr).
Oldest track record among peers (24 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 7.18% (upper mid).
1M return: 0.44% (bottom quartile).
Sharpe: 2.24 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.89% (bottom quartile).
Modified duration: 0.44 yrs (lower mid).

Kotak Money Market Scheme

Upper mid AUM (₹32,870 Cr).
Established history (22+ yrs).
Rating: 4★ (lower mid).
Risk profile: Low.
1Y return: 7.10% (bottom quartile).
1M return: 0.48% (top quartile).
Sharpe: 2.13 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.99% (top quartile).
Modified duration: 0.44 yrs (bottom quartile).

Bandhan Money Manager Fund

Bottom quartile AUM (₹15,694 Cr).
Established history (23+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 7.07% (bottom quartile).
1M return: 0.45% (bottom quartile).
Sharpe: 2.37 (top quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.70% (bottom quartile).
Modified duration: 0.33 yrs (top 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 (18+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderate.
1Y return: 13.69% (top quartile).
1M return: 0.59% (top quartile).
Sharpe: 2.57 (upper mid).
Information ratio: 0.00 (upper mid).
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
28 Feb 21	₹10,000
28 Feb 22	₹11,215

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. IDBI Liquid Fund

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

Lower mid AUM (₹503 Cr).
Established history (15+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 6.55% (lower mid).
1M return: 0.53% (upper mid).
Sharpe: 0.20 (bottom quartile).
Information ratio: -5.96 (bottom quartile).
Yield to maturity (debt): 6.66% (lower mid).
Modified duration: 0.10 yrs (lower mid).
Average maturity: 0.11 yrs (upper mid).
Exit load: NIL.

Below is the key information for 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
28 Feb 21	₹10,000
28 Feb 22	₹10,345
28 Feb 23	₹10,897

IDBI Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for IDBI 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 7 Aug 22

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

3. IDBI Ultra Short Term Fund

The objective of the Scheme will be to provide investors with regular income for their investment by investing in debt and money market instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months. However, there can be no assurance that the investment objective of the Scheme will be realized.

Research Highlights for IDBI Ultra Short Term Fund

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% (lower mid).
Sharpe: -0.57 (bottom quartile).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.83% (top quartile).
Modified duration: 0.19 yrs (bottom quartile).
Average maturity: 0.23 yrs (lower mid).
Exit load: NIL.

Below is the key information for 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
28 Feb 21	₹10,000
28 Feb 22	₹10,390
28 Feb 23	₹10,901

IDBI Ultra Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for IDBI 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 7 Aug 22

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

4. 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

Highest AUM (₹22,857 Cr).
Oldest track record among peers (22 yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.16% (upper mid).
1M return: 0.52% (bottom quartile).
Sharpe: 2.17 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.81% (upper mid).
Modified duration: 0.47 yrs (bottom quartile).
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 (~47%).
High-quality debt (AAA/AA ~100%).
Largest holding Shriram Finance Limited (~2.7%).

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 (06 Mar 26)	₹571.703 ↑ 0.19 (0.03 %)
Net Assets (Cr)	₹22,857 on 31 Jan 26
Category	Debt - Ultrashort Bond
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.55
Sharpe Ratio	2.17
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.81%
Effective Maturity	6 Months 11 Days
Modified Duration	5 Months 19 Days

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹10,424
28 Feb 23	₹10,957
29 Feb 24	₹11,766
28 Feb 25	₹12,673
28 Feb 26	₹13,576

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	0.5%
3 Month	1.3%
6 Month	3%
1 Year	7.2%
3 Year	7.4%
5 Year	6.3%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7.9%
2022	7.2%
2021	4.8%
2020	3.9%
2019	7%
2018	8.5%
2017	7.6%
2016	7.2%
2015	9.2%

Fund Manager information for Aditya Birla Sun Life Savings Fund

Name	Since	Tenure
Sunaina Cunha	20 Jun 14	11.63 Yr.
Kaustubh Gupta	15 Jul 11	14.56 Yr.
Monika Gandhi	22 Mar 21	4.87 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 31 Jan 26

Asset Allocation

Asset Class	Value
Cash	47.38%
Debt	52.33%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	54.83%
Cash Equivalent	30.8%
Government	14.08%

Credit Quality

Rating	Value
AA	25.17%
AAA	74.83%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Shriram Finance Limited Debentures \| -	3%	₹610 Cr	60,000
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹543 Cr	54,000
Nirma Limited Debentures \| -	2%	₹485 Cr	48,500
Bharti Telecom Limited Debentures \| -	2%	₹397 Cr	40,000
7.25% Gujarat Sgs 2026 Sovereign Bonds \| -	2%	₹375 Cr	37,500,000
Muthoot Finance Limited Debentures \| -	2%	₹350 Cr	35,000
Mankind Pharma Limited Debentures \| -	1%	₹321 Cr	32,000 ↓ -2,500
National Bank For Agriculture And Rural Development Debentures \| -	1%	₹302 Cr	30,000
Avanse Financial Services Limited Debentures \| -	1%	₹300 Cr	30,000
Power Finance Corporation Limited Debentures \| -	1%	₹296 Cr	30,000

5. BOI AXA Liquid Fund

Objective The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments. However there can be no assurance that the investment objectives of the Scheme will be realized.

Research Highlights for BOI AXA Liquid Fund

Upper mid AUM (₹1,843 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.36% (bottom quartile).
1M return: 0.45% (bottom quartile).
Sharpe: 3.73 (top quartile).
Information ratio: 1.44 (top quartile).
Yield to maturity (debt): 6.42% (bottom quartile).
Modified duration: 0.09 yrs (upper mid).
Average maturity: 0.09 yrs (top quartile).
Exit load: NIL.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Tbill (~8.0%).

Below is the key information for BOI AXA Liquid Fund

BOI AXA Liquid Fund Growth
Launch Date	16 Jul 08
NAV (08 Mar 26)	₹3,129.21 ↑ 0.54 (0.02 %)
Net Assets (Cr)	₹1,843 on 31 Jan 26
Category	Debt - Liquid Fund
AMC	BOI AXA Investment Mngrs Private Ltd
Rating	☆☆☆
Risk	Low
Expense Ratio	0.13
Sharpe Ratio	3.73
Information Ratio	1.44
Alpha Ratio	0.07
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.42%
Effective Maturity	1 Month 2 Days
Modified Duration	1 Month 2 Days

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹10,334
28 Feb 23	₹10,892
29 Feb 24	₹11,683
28 Feb 25	₹12,543
28 Feb 26	₹13,343

BOI AXA Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for BOI AXA 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 7 Aug 22

Duration	Returns
1 Month	0.5%
3 Month	1.5%
6 Month	2.9%
1 Year	6.4%
3 Year	7%
5 Year	6%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.6%
2023	7.4%
2022	7%
2021	4.9%
2020	3.3%
2019	4.1%
2018	6.4%
2017	7.4%
2016	6.7%
2015	7.6%

Fund Manager information for BOI AXA Liquid Fund

Name	Since	Tenure
Mithraem Bharucha	17 Aug 21	4.46 Yr.

Data below for BOI AXA Liquid Fund as on 31 Jan 26

Asset Allocation

Asset Class	Value
Cash	99.7%
Other	0.3%

Debt Sector Allocation

Sector	Value
Cash Equivalent	58.46%
Corporate	38.54%
Government	2.7%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Tbill Sovereign Bonds \| -	8%	₹148 Cr	15,000,000 ↑ 15,000,000
Indian Bank Certificate of Deposit \| -	5%	₹99 Cr	10,000,000
Union Bank of India Domestic Bonds \| -	5%	₹99 Cr	10,000,000
HDFC Securities Limited Commercial Paper \| -	4%	₹79 Cr	8,000,000
19/02/2026 Maturing 182 DTB Sovereign Bonds \| -	4%	₹75 Cr	7,500,000 ↑ 7,500,000
Bank Of Baroda Certificate of Deposit \| -	4%	₹74 Cr	7,500,000
Canara Bank Certificate of Deposit \| -	4%	₹74 Cr	7,500,000 ↑ 2,500,000
State Bank Of India Certificate of Deposit \| -	3%	₹64 Cr	6,500,000 ↑ 6,500,000
Blue Star Ltd - Commercial Paper \| -	3%	₹50 Cr	5,000,000
Icici Securities Primary Dealership Ltd Commercial Paper \| -	3%	₹50 Cr	5,000,000

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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.