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5 Best Performing Ultra Short Term Debt Funds for SIP 2020 | Fincash.com

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5 Best Ultra Short Term Debt Funds for SIP 2020

Updated on October 17, 2020 , 649 views

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 20 - 21

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)2019 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Savings Fund Growth ₹415.352
↑ 0.20
₹14,532 1,000 1.44.37.47.78.54.51%5M 26D6M 18D
ICICI Prudential Ultra Short Term Fund Growth ₹21.1709
↑ 0.01
₹7,413 1,000 1.53.87.27.58.45.24%5M 8D6M
Kotak Savings Fund Growth ₹33.2441
↑ 0.01
₹11,072 1,000 13.36.37.17.84.1%5M 16D5M 26D
UTI Ultra Short Term Fund Growth ₹3,205.24
↑ 1.14
₹1,569 2,500 1.12.95.65.23.35.36%4M 4D4M 6D
Invesco India Ultra Short Term Fund Growth ₹2,101.88
↑ 0.69
₹589 1,000 0.82.85.66.87.63.91%4M 30D5M 7D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Oct 20

*Above is list of best Ultra-Short funds are having AUM/Net Assets above 100 Crore. Sorted on Last 1 Year Return.

1. Aditya Birla Sun Life Savings Fund

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

Aditya Birla Sun Life Savings Fund is a Debt - Ultrashort Bond fund was launched on 16 Apr 03. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.8% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2019 was 8.5% , 2018 was 7.6% and 2017 was 7.2% .

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 (19 Oct 20) ₹415.352 ↑ 0.20   (0.05 %)
Net Assets (Cr) ₹14,532 on 30 Sep 20
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.35
Sharpe Ratio 2.52
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 4.51%
Effective Maturity 6 Months 18 Days
Modified Duration 5 Months 26 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,926
30 Sep 17₹11,772
30 Sep 18₹12,546
30 Sep 19₹13,688
30 Sep 20₹14,715

Aditya Birla Sun Life Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148
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 19 Oct 20

DurationReturns
1 Month 0.6%
3 Month 1.4%
6 Month 4.3%
1 Year 7.4%
3 Year 7.7%
5 Year 8%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
2019 8.5%
2018 7.6%
2017 7.2%
2016 9.2%
2015 8.9%
2014 9.7%
2013 9.5%
2012 9.7%
2011 9.2%
2010 5.8%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure
Sunaina Cunha11 Oct 145.98 Yr.
Kaustubh Gupta15 Jul 119.22 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 30 Sep 20

Asset Allocation
Asset ClassValue
Cash50.75%
Debt49.25%
Debt Sector Allocation
SectorValue
Corporate53.51%
Cash Equivalent32.97%
Government13.01%
Securitized0.51%
Credit Quality
RatingValue
AA10.3%
AAA89.7%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Mahindra & Mahindra Financial Services Limited
Debentures | -
3%₹453 Cr4,450
Shriram Transport Finance Company Limited
Debentures | -
3%₹371 Cr3,750
REC Limited
Debentures | -
2%₹331 Cr3,200
Housing Development Finance Corporation Limited
Debentures | -
2%₹295 Cr2,925
Rural Electrification Corporation Limited
Debentures | -
2%₹270 Cr2,650
6.81% MH SDL 2020
Sovereign Bonds | -
2%₹261 Cr26,000,000
Muthoot Finance Limited
Debentures | -
2%₹242 Cr2,350
182 DTB 17122020
Sovereign Bonds | -
2%₹233 Cr23,500,000
↑ 23,500,000
Reliance Industries Limited
Debentures | -
2%₹233 Cr2,315
Rural Electrification Corporation Limited
Debentures | -
2%₹231 Cr2,250

2. ICICI Prudential Ultra Short Term Fund

(Erstwhile ICICI Prudential Regular Income Fund)

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

ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.2% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2019 was 8.4% , 2018 was 7.5% and 2017 was 6.9% .

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

ICICI Prudential Ultra Short Term Fund
Growth
Launch Date 3 May 11
NAV (19 Oct 20) ₹21.1709 ↑ 0.01   (0.05 %)
Net Assets (Cr) ₹7,413 on 30 Sep 20
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.96
Sharpe Ratio 2.42
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 5.24%
Effective Maturity 6 Months
Modified Duration 5 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,952
30 Sep 17₹11,818
30 Sep 18₹12,566
30 Sep 19₹13,656
30 Sep 20₹14,655

ICICI Prudential Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for ICICI Prudential Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20

DurationReturns
1 Month 0.6%
3 Month 1.5%
6 Month 3.8%
1 Year 7.2%
3 Year 7.5%
5 Year 7.9%
10 Year
15 Year
Since launch 8.2%
Historical performance (Yearly) on absolute basis
YearReturns
2019 8.4%
2018 7.5%
2017 6.9%
2016 9.8%
2015 9.1%
2014 14.8%
2013 3.1%
2012 9.4%
2011
2010
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure
Manish Banthia15 Nov 163.88 Yr.
Ritesh Lunawat15 Jun 173.3 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 30 Sep 20

Asset Allocation
Asset ClassValue
Cash54.17%
Debt45.83%
Debt Sector Allocation
SectorValue
Corporate54.84%
Cash Equivalent41.9%
Government3.26%
Credit Quality
RatingValue
A2.97%
AA28.79%
AAA68.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
REC Limited
Debentures | -
4%₹293 Cr2,850
↑ 2,850
Reliance Ports and Terminals Limited
Debentures | -
3%₹212 Cr2,019
↑ 992
Manappuram Finance Limited
Debentures | -
3%₹206 Cr2,000
Housing Development Finance Corporation Limited
Debentures | -
2%₹153 Cr1,500
↑ 1,500
Housing Development Finance Corporation Limited
Debentures | -
2%₹152 Cr1,500
Tata Value Homes Limited
Debentures | -
2%₹151 Cr1,500
Aspire Home Finance Corporation Limited
Debentures | -
2%₹151 Cr1,500
LIC Housing Finance Limited
Debentures | -
2%₹147 Cr1,450
↑ 450
Reliance Industries Limited
Debentures | -
2%₹141 Cr1,400
Power Finance Corporation Limited
Debentures | -
2%₹139 Cr1,350
↑ 1,350

3. Kotak Savings Fund

(Erstwhile Kotak Treasury Advantage Fund)

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

Kotak Savings Fund is a Debt - Ultrashort Bond fund was launched on 13 Aug 04. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.7% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2019 was 7.8% , 2018 was 7.4% and 2017 was 6.7% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (19 Oct 20) ₹33.2441 ↑ 0.01   (0.03 %)
Net Assets (Cr) ₹11,072 on 30 Sep 20
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.48
Sharpe Ratio 2.57
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 4.1%
Effective Maturity 5 Months 26 Days
Modified Duration 5 Months 16 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,828
30 Sep 17₹11,595
30 Sep 18₹12,350
30 Sep 19₹13,391
30 Sep 20₹14,262

Kotak Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for Kotak Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20

DurationReturns
1 Month 0.5%
3 Month 1%
6 Month 3.3%
1 Year 6.3%
3 Year 7.1%
5 Year 7.3%
10 Year
15 Year
Since launch 7.7%
Historical performance (Yearly) on absolute basis
YearReturns
2019 7.8%
2018 7.4%
2017 6.7%
2016 8.2%
2015 8.6%
2014 9.4%
2013 8.9%
2012 9.6%
2011 9.2%
2010 5.7%
Fund Manager information for Kotak Savings Fund
NameSinceTenure
Deepak Agrawal15 Apr 0812.47 Yr.

Data below for Kotak Savings Fund as on 30 Sep 20

Asset Allocation
Asset ClassValue
Cash55.84%
Debt44.16%
Debt Sector Allocation
SectorValue
Cash Equivalent48.76%
Corporate38.12%
Government10.56%
Securitized2.56%
Credit Quality
RatingValue
AA11.7%
AAA88.3%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.80% GOI Floating Rate Bonds 2020
Sovereign Bonds | -
12%₹1,321 Cr132,100,000
8.12% Govt Stock 2020
Sovereign Bonds | -
7%₹721 Cr71,500,000
↓ -70,000,000
Housing Development Finance Corporation Limited
Debentures | -
5%₹586 Cr5,750
↑ 1,250
Bharti Telecom Limited
Debentures | -
5%₹549 Cr5,400
Rural Electrification Corporation Limited
Debentures | -
4%₹421 Cr4,100
Bajaj Housing Finance Limited
Debentures | -
3%₹350 Cr3,000
Power Finance Corporation Limited
Debentures | -
3%₹320 Cr3,050
182 DTB 29102020
Sovereign Bonds | -
3%₹299 Cr30,000,000
↑ 30,000,000
182 DTB 17122020
Sovereign Bonds | -
2%₹248 Cr25,000,000
↑ 25,000,000
Kotak Mahindra Prime Limited
Debentures | -
2%₹248 Cr2,000
↓ -1,000

4. UTI Ultra Short Term Fund

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

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

UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2019 was 3.3% , 2018 was 7% and 2017 was 6.6% .

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund
Growth
Launch Date 29 Aug 03
NAV (19 Oct 20) ₹3,205.24 ↑ 1.14   (0.04 %)
Net Assets (Cr) ₹1,569 on 30 Sep 20
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.99
Sharpe Ratio 1.53
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 2,500
Exit Load NIL
Yield to Maturity 5.36%
Effective Maturity 4 Months 6 Days
Modified Duration 4 Months 4 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,880
30 Sep 17₹11,668
30 Sep 18₹12,394
30 Sep 19₹12,857
30 Sep 20₹13,594

UTI Ultra Short Term Fund SIP Returns

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

Returns for UTI Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20

DurationReturns
1 Month 0.5%
3 Month 1.1%
6 Month 2.9%
1 Year 5.6%
3 Year 5.2%
5 Year 6.3%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2019 3.3%
2018 7%
2017 6.6%
2016 8.9%
2015 8.5%
2014 8.8%
2013 9.8%
2012 9%
2011 8.2%
2010 5.4%
Fund Manager information for UTI Ultra Short Term Fund
NameSinceTenure
Sudhir Agarwal1 Jul 155.26 Yr.
Ritesh Nambiar1 Jul 155.26 Yr.

Data below for UTI Ultra Short Term Fund as on 30 Sep 20

Asset Allocation
Asset ClassValue
Cash66.46%
Debt33.54%
Debt Sector Allocation
SectorValue
Cash Equivalent50.76%
Corporate38.08%
Government11.17%
Credit Quality
RatingValue
A13.19%
AA1.26%
AAA85.55%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Edelweiss Commodities Services Limited
Debentures | -
8%₹121 Cr1,250
364 DTB 04032021
Sovereign Bonds | -
5%₹74 Cr750,000,000
↑ 750,000,000
Avanse Financial Services Limited
Debentures | -
4%₹65 Cr650
8.12% Govt Stock 2020
Sovereign Bonds | -
4%₹55 Cr550,000,000
Housing Development Finance Corporation Limited
Debentures | -
3%₹51 Cr500
↑ 500
Tata Capital Housing Finance Limited
Debentures | -
3%₹51 Cr500
06.99% AP SDL 2020
Sovereign Bonds | -
3%₹50 Cr500,000,000
Mahindra & Mahindra Financial Services Limited
Debentures | -
3%₹50 Cr500
National Bank For Agriculture and Rural Development
Debentures | -
3%₹41 Cr400
↑ 150
6.17% Govt Stock 2021
Sovereign Bonds | -
2%₹36 Cr350,000,000
↑ 350,000,000

5. Invesco India Ultra Short Term Fund

(Erstwhile Invesco India Medium Term Bond Fund)

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

Invesco India Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 30 Dec 10. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.9% since its launch.  Ranked 40 in Ultrashort Bond category.  Return for 2019 was 7.6% , 2018 was 7.3% and 2017 was 7.1% .

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

Invesco India Ultra Short Term Fund
Growth
Launch Date 30 Dec 10
NAV (19 Oct 20) ₹2,101.88 ↑ 0.69   (0.03 %)
Net Assets (Cr) ₹589 on 30 Sep 20
Category Debt - Ultrashort Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 0.53
Sharpe Ratio 1.52
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 3.91%
Effective Maturity 5 Months 7 Days
Modified Duration 4 Months 30 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,934
30 Sep 17₹11,787
30 Sep 18₹12,541
30 Sep 19₹13,577
30 Sep 20₹14,364

Invesco India Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for Invesco India Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20

DurationReturns
1 Month 0.4%
3 Month 0.8%
6 Month 2.8%
1 Year 5.6%
3 Year 6.8%
5 Year 7.5%
10 Year
15 Year
Since launch 7.9%
Historical performance (Yearly) on absolute basis
YearReturns
2019 7.6%
2018 7.3%
2017 7.1%
2016 9.1%
2015 8.3%
2014 10.1%
2013 6.1%
2012 8.9%
2011 8.2%
2010
Fund Manager information for Invesco India Ultra Short Term Fund
NameSinceTenure
Sujoy Das4 Jan 200.74 Yr.
Krishna Cheemalapati4 Jan 200.74 Yr.

Data below for Invesco India Ultra Short Term Fund as on 30 Sep 20

Asset Allocation
Asset ClassValue
Cash58.72%
Debt41.28%
Debt Sector Allocation
SectorValue
Corporate36.82%
Cash Equivalent36.34%
Government26.83%
Credit Quality
RatingValue
AA1.78%
AAA98.22%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 07012021
Sovereign Bonds | -
7%₹40 Cr4,000,000
↓ -5,000,000
HDB Financial Services Limited
Debentures | -
6%₹38 Cr3,000,000
8.66% Maharashtra GS 2021
Sovereign Bonds | -
5%₹31 Cr3,005,600
Kotak Mahindra Prime Limited
Debentures | -
5%₹31 Cr2,500,000
National Bank For Agriculture and Rural Development
Debentures | -
4%₹26 Cr2,500,000
↓ -1,000,000
07.03% GJ SDL 2021
Sovereign Bonds | -
4%₹26 Cr2,500,000
Housing and Urban Development Corporation Limited
Debentures | -
4%₹25 Cr2,500,000
Small Industries Development Bank of India
Debentures | -
4%₹25 Cr2,500,000
Reliance Industries Limited
Debentures | -
4%₹25 Cr2,500,000
Reliance Industries Limited
Debentures | -
4%₹25 Cr2,500,000

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