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5 Best Ultra Short Term Debt Funds for SIP 2024
Ultra short term Debt fund are a type of Mutual Funds that are highly suitable for a short-term Investment plan. These funds invest in debt instruments that have an average maturity of more than 91 days. These funds provide better returns and have a higher maturity than liquid debt funds, but are more volatile than Liquid Funds. Investors with a low-risk appetite tend to invest in ultra short term funds, as they have higher yields than other Money market funds. Thus, investors who are looking to park their money for a year or less can ideally invest in this scheme. To earn better returns, one can choose funds for the below listed Best Ultra Short term SIP funds.
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Top 5 Best Performing Ultra Short Term Debt Funds for SIP Investment FY 24 - 25
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹517.796
↑ 0.19 ₹13,259 1,000 1.8 3.7 7.6 6.2 7.2 7.82% 5M 1D 6M 25D ICICI Prudential Ultra Short Term Fund Growth ₹26.246
↑ 0.01 ₹14,039 1,000 1.7 3.6 7.3 6 6.9 7.65% 4M 24D 5M 5D Invesco India Ultra Short Term Fund Growth ₹2,557.6
↑ 0.51 ₹879 1,000 1.7 3.5 7.3 5.7 6.6 7.54% 5M 2D 5M 9D UTI Ultra Short Term Fund Growth ₹4,026.21
↑ 0.92 ₹2,343 500 1.8 3.5 7.1 5.8 6.7 7.63% 5M 2D 5M 12D Nippon India Ultra Short Duration Fund Growth ₹3,823.62
↑ 0.89 ₹7,600 100 1.7 3.5 7.1 5.9 6.7 7.89% 5M 13D 6M 11D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Oct 24
*Above is list of best Ultra-Short funds are having AUM/Net Assets above 100 Crore. Sorted on Last 1 Year Return.
The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. Aditya Birla Sun Life Savings Fund is a Debt - Ultrashort Bond fund was launched on 16 Apr 03. It is a fund with Moderately Low risk and has given a Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Regular Income Fund) The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Invesco India Medium Term Bond Fund) The objective is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. Invesco India Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 30 Dec 10. It is a fund with Moderate risk and has given a Below is the key information for Invesco India Ultra Short Term Fund Returns up to 1 year are on (Erstwhile UTI - Floating Rate Fund - Short Term Plan) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Reliance Liquid Fund - Cash Plan) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Nippon India Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 7 Dec 01. It is a fund with Low risk and has given a Below is the key information for Nippon India Ultra Short Duration Fund Returns up to 1 year are on 1. Aditya Birla Sun Life Savings Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 6 in Ultrashort Bond category. Return for 2023 was 7.2% , 2022 was 4.8% and 2021 was 3.9% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (04 Oct 24) ₹517.796 ↑ 0.19 (0.04 %) Net Assets (Cr) ₹13,259 on 15 Sep 24 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.54 Sharpe Ratio 1.46 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.82% Effective Maturity 6 Months 25 Days Modified Duration 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,751 30 Sep 21 ₹11,218 30 Sep 22 ₹11,671 30 Sep 23 ₹12,497 30 Sep 24 ₹13,441 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.7% 1 Year 7.6% 3 Year 6.2% 5 Year 6.1% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 9.7% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 10.21 Yr. Kaustubh Gupta 15 Jul 11 13.14 Yr. Monika Gandhi 22 Mar 21 3.45 Yr. Dhaval Joshi 21 Nov 22 1.78 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 15 Sep 24
Asset Allocation
Asset Class Value Cash 41.25% Debt 58.47% Other 0.28% Debt Sector Allocation
Sector Value Corporate 65.68% Cash Equivalent 21.29% Government 12.74% Credit Quality
Rating Value AA 22.88% AAA 77.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Housing Bank 7.83%
Debentures | -6% ₹820 Cr 82,000 Nirma Limited
Debentures | -4% ₹501 Cr 50,000 Rural Electrification Corporation Limited
Debentures | -4% ₹500 Cr 50,000
↑ 50,000 National Housing Bank 7.78%
Debentures | -3% ₹400 Cr 40,000 Tata Realty And Infrastructure Limited
Debentures | -3% ₹360 Cr 36,000 Bharti Telecom Limited
Debentures | -2% ₹325 Cr 3,250 Bajaj Housing Finance Ltd. 8%
Debentures | -2% ₹300 Cr 30,000 7.72% Govt Stock 2028
Sovereign Bonds | -2% ₹292 Cr 29,000,000 Nirma Limited 8.3%
Debentures | -2% ₹250 Cr 25,000 Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹249 Cr 2,500 2. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2023 was 6.9% , 2022 was 4.5% and 2021 was 4% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (04 Oct 24) ₹26.246 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹14,039 on 15 Sep 24 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 0.67 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Months (0.5%),1 Months and above(NIL) Yield to Maturity 7.65% Effective Maturity 5 Months 5 Days Modified Duration 4 Months 24 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,732 30 Sep 21 ₹11,208 30 Sep 22 ₹11,642 30 Sep 23 ₹12,435 30 Sep 24 ₹13,349 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.6% 1 Year 7.3% 3 Year 6% 5 Year 5.9% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 14.8% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 7.8 Yr. Ritesh Lunawat 15 Jun 17 7.22 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 15 Sep 24
Asset Allocation
Asset Class Value Cash 58.21% Debt 41.56% Other 0.23% Debt Sector Allocation
Sector Value Corporate 61% Cash Equivalent 27.66% Government 10.43% Securitized 0.68% Credit Quality
Rating Value AA 11.09% AAA 88.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -3% ₹389 Cr 40,000,000 364 DTB 13032025
Sovereign Bonds | -3% ₹386 Cr 40,000,000 Small Industries Development Bank Of India
Debentures | -2% ₹371 Cr 3,750
↓ -500 Bharti Telecom Limited
Debentures | -2% ₹326 Cr 32,500 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹297 Cr 3,000
↑ 3,000 India (Republic of)
- | -2% ₹294 Cr 30,000,000 HDFC Bank Ltd.
Debentures | -2% ₹290 Cr 6,000 Indusind Bank Ltd.
Debentures | -2% ₹243 Cr 5,000 Rural Electrification Corporation Limited
Debentures | -2% ₹235 Cr 2,350 Indusind Bank Ltd.
Debentures | -1% ₹217 Cr 4,500 3. Invesco India Ultra Short Term Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 40 in Ultrashort Bond category. Return for 2023 was 6.6% , 2022 was 4.1% and 2021 was 3% . Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (04 Oct 24) ₹2,557.6 ↑ 0.51 (0.02 %) Net Assets (Cr) ₹879 on 31 Aug 24 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.74 Sharpe Ratio 0.22 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.54% Effective Maturity 5 Months 9 Days Modified Duration 5 Months 2 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,580 30 Sep 21 ₹10,918 30 Sep 22 ₹11,285 30 Sep 23 ₹12,019 30 Sep 24 ₹12,898 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.5% 1 Year 7.3% 3 Year 5.7% 5 Year 5.2% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 10.1% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 4.66 Yr. Vikas Garg 27 Jul 21 3.1 Yr. Data below for Invesco India Ultra Short Term Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 58.97% Debt 40.79% Other 0.24% Debt Sector Allocation
Sector Value Corporate 68.98% Cash Equivalent 21.25% Government 9.53% Credit Quality
Rating Value AA 17.83% AAA 82.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd.
Debentures | -5% ₹48 Cr 5,000,000
↑ 5,000,000 Power Grid Corporation Of India Limited
Debentures | -3% ₹25 Cr 2,500,000 Bharti Telecom Limited
Debentures | -3% ₹25 Cr 2,500,000 National Housing Bank
Debentures | -3% ₹25 Cr 2,500,000 National Housing Bank
Debentures | -3% ₹25 Cr 2,500,000 Muthoot Finance Limited
Debentures | -3% ₹25 Cr 2,500,000
↑ 2,500,000 182 DTB 28112024
Sovereign Bonds | -3% ₹25 Cr 2,500,000 182 DTB 12122024
Sovereign Bonds | -3% ₹25 Cr 2,500,000 HDFC Bank Ltd.
Debentures | -3% ₹24 Cr 2,500,000 182 DTB 20022025
Sovereign Bonds | -3% ₹24 Cr 2,500,000
↑ 2,500,000 4. UTI Ultra Short Term Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2023 was 6.7% , 2022 was 4.2% and 2021 was 6.1% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (04 Oct 24) ₹4,026.21 ↑ 0.92 (0.02 %) Net Assets (Cr) ₹2,343 on 31 Aug 24 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.96 Sharpe Ratio -0.54 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.63% Effective Maturity 5 Months 12 Days Modified Duration 5 Months 2 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,573 30 Sep 21 ₹11,252 30 Sep 22 ₹11,657 30 Sep 23 ₹12,426 30 Sep 24 ₹13,312 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.5% 1 Year 7.1% 3 Year 5.8% 5 Year 5.9% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 8.8% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Ritesh Nambiar 1 Jul 15 9.18 Yr. Data below for UTI Ultra Short Term Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 57.83% Debt 41.9% Other 0.27% Debt Sector Allocation
Sector Value Corporate 55.44% Cash Equivalent 40.12% Government 4.17% Credit Quality
Rating Value AA 27.43% AAA 72.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity Ntpc Limited
Debentures | -5% ₹100 Cr 1,000 Ongc Petro Additions Limited
Debentures | -3% ₹75 Cr 7,500 Shriram Finance Limited
Debentures | -3% ₹70 Cr 700 Bharti Telecom Limited
Debentures | -2% ₹50 Cr 500 Can Fin Homes Limited
Debentures | -2% ₹49 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹49 Cr 500 ICICI Bank Ltd.
Debentures | -2% ₹49 Cr 500,000,000 Indian Bank
Domestic Bonds | -2% ₹48 Cr 500,000,000 ICICI Bank Ltd.
Debentures | -2% ₹48 Cr 500,000,000 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹48 Cr 500,000,000 5. Nippon India Ultra Short Duration Fund
CAGR/Annualized return of 6.1% since its launch. Ranked 62 in Ultrashort Bond category. Return for 2023 was 6.7% , 2022 was 4.6% and 2021 was 7.8% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (04 Oct 24) ₹3,823.62 ↑ 0.89 (0.02 %) Net Assets (Cr) ₹7,600 on 31 Aug 24 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.14 Sharpe Ratio -0.33 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.89% Effective Maturity 6 Months 11 Days Modified Duration 5 Months 13 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹10,519 30 Sep 21 ₹11,415 30 Sep 22 ₹11,873 30 Sep 23 ₹12,654 30 Sep 24 ₹13,553 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Oct 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.5% 1 Year 7.1% 3 Year 5.9% 5 Year 6.3% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 8.4% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 10.93 Yr. Kinjal Desai 25 May 18 6.28 Yr. Akshay Sharma 1 Dec 22 1.75 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Aug 24
Asset Allocation
Asset Class Value Cash 52.55% Debt 47.24% Other 0.21% Debt Sector Allocation
Sector Value Corporate 63.47% Cash Equivalent 25.9% Government 10.15% Securitized 0.28% Credit Quality
Rating Value AA 15.75% AAA 84.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -5% ₹349 Cr 35,000,000
↓ -15,000,000 Rec Limited
Debentures | -4% ₹279 Cr 2,850 Indian Bank
Domestic Bonds | -3% ₹265 Cr 5,500
↑ 4,500 Can Fin Homes Limited
Debentures | -3% ₹199 Cr 2,000 Indinfravit Trust
Debentures | -2% ₹190 Cr 19,500
↓ -2,500 Power Finance Corporation Limited
Debentures | -2% ₹165 Cr 1,650 Dlf Cyber City Developers Ltd
Debentures | -2% ₹159 Cr 1,590 India (Republic of)
- | -2% ₹123 Cr 12,500,000
↑ 12,500,000 Axis Bank Ltd.
Debentures | -2% ₹121 Cr 2,500
↑ 2,500 Shriram Finance Limited
Debentures | -1% ₹100 Cr 1,000
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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