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5 Best Performing Ultra Short Term Debt Funds for SIP 2021 | Fincash.com

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5 Best Ultra Short Term Debt Funds for SIP 2021

Updated on July 26, 2021 , 1120 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 21 - 22

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)2020 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Nippon India Ultra Short Duration Fund Growth ₹3,197.25
↑ 0.30
₹1,238 100 4.65.99.55.14.95.32%5M 5D6M 27D
ICICI Prudential Ultra Short Term Fund Growth ₹21.8696
↑ 0.00
₹10,338 1,000 1.12.24.876.54.72%4M 24D6M
Aditya Birla Sun Life Savings Fund Growth ₹428.858
↑ 0.04
₹18,789 1,000 1.12.24.77.174.35%6M 7D6M 14D
IDBI Ultra Short Term Fund Growth ₹2,190.98
↑ 0.27
₹389 500 0.91.645.75.10%
UTI Ultra Short Term Fund Growth ₹3,295.03
↑ 0.38
₹2,106 2,500 0.81.73.84.55.34.16%5M 9D6M 4D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Jul 21

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

1. Nippon India Ultra Short Duration Fund

(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 CAGR/Annualized return of 6.1% since its launch.  Ranked 62 in Ultrashort Bond category.  Return for 2020 was 4.9% , 2019 was 0.9% and 2018 was 7.3% .

Below is the key information for Nippon India Ultra Short Duration Fund

Nippon India Ultra Short Duration Fund
Growth
Launch Date 7 Dec 01
NAV (28 Jul 21) ₹3,197.25 ↑ 0.30   (0.01 %)
Net Assets (Cr) ₹1,238 on 30 Jun 21
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.09
Sharpe Ratio 1.08
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 5.32%
Effective Maturity 6 Months 27 Days
Modified Duration 5 Months 5 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹10,597
30 Jun 18₹11,253
30 Jun 19₹11,866
30 Jun 20₹12,098
30 Jun 21₹12,778

Nippon India Ultra Short Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Nippon India Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 21

DurationReturns
1 Month 2.8%
3 Month 4.6%
6 Month 5.9%
1 Year 9.5%
3 Year 5.1%
5 Year 5.5%
10 Year
15 Year
Since launch 6.1%
Historical performance (Yearly) on absolute basis
YearReturns
2020 4.9%
2019 0.9%
2018 7.3%
2017 5.8%
2016 6.8%
2015 7.6%
2014 8.4%
2013 8.5%
2012 9.2%
2011 9%
Fund Manager information for Nippon India Ultra Short Duration Fund
NameSinceTenure
Vivek Sharma1 Oct 137.75 Yr.
Kinjal Desai25 May 183.1 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 30 Jun 21

Asset Allocation
Asset ClassValue
Cash38.2%
Debt61.8%
Debt Sector Allocation
SectorValue
Corporate41.4%
Cash Equivalent34.26%
Government20.3%
Securitized4.04%
Credit Quality
RatingValue
A3.46%
AA24.67%
AAA71.86%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.35% Govt Stock 2022
Sovereign Bonds | -
8%₹104 Cr10,000,000
↑ 10,000,000
182 DTB 02122021
Sovereign Bonds | -
8%₹98 Cr10,000,000
↑ 10,000,000
Piramal Capital & Housing Finance Limited
Debentures | -
4%₹55 Cr675
↑ 675
Mobil Trust Series 19
Unlisted bonds | -
4%₹50 Cr500,000,000
↑ 500,000,000
182 DTB 25112021
Sovereign Bonds | -
4%₹49 Cr5,000,000
↑ 5,000,000
India Grid Trust
Debentures | -
4%₹48 Cr400
↑ 400
Shriram Transport Finance Company Limited
Debentures | -
4%₹45 Cr450
↑ 450
Bajaj Housing Finance Limited
Debentures | -
3%₹41 Cr400
↑ 400
Indinfravit Trust
Debentures | -
3%₹40 Cr400
↑ 400
Ahmedabad-Maliya Tollway Limited
Debentures | -
3%₹38 Cr380
↑ 380

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 7.9% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2020 was 6.5% , 2019 was 8.4% and 2018 was 7.5% .

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 (28 Jul 21) ₹21.8696 ↑ 0.00   (0.01 %)
Net Assets (Cr) ₹10,338 on 30 Jun 21
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.96
Sharpe Ratio 3.53
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 4.72%
Effective Maturity 6 Months
Modified Duration 4 Months 24 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹10,907
30 Jun 18₹11,612
30 Jun 19₹12,571
30 Jun 20₹13,559
30 Jun 21₹14,240

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 28 Jul 21

DurationReturns
1 Month 0.4%
3 Month 1.1%
6 Month 2.2%
1 Year 4.8%
3 Year 7%
5 Year 7.2%
10 Year
15 Year
Since launch 7.9%
Historical performance (Yearly) on absolute basis
YearReturns
2020 6.5%
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
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure
Manish Banthia15 Nov 164.62 Yr.
Ritesh Lunawat15 Jun 174.04 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 30 Jun 21

Asset Allocation
Asset ClassValue
Cash49.41%
Debt50.59%
Debt Sector Allocation
SectorValue
Corporate42.93%
Cash Equivalent42.47%
Government14.6%
Credit Quality
RatingValue
A2.29%
AA31.49%
AAA66.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 19082021
Sovereign Bonds | -
6%₹622 Cr62,500,000
↑ 62,500,000
182 DTB 09122021
Sovereign Bonds | -
5%₹492 Cr50,000,000
↑ 50,000,000
182 DTB 16122021
Sovereign Bonds | -
5%₹492 Cr50,000,000
↑ 50,000,000
Embassy Office Parks Reit
Debentures | -
3%₹356 Cr2,887
↑ 2,887
182 DTB 23122021
Sovereign Bonds | -
3%₹295 Cr30,000,000
↑ 30,000,000
Talwandi Sabo Power Limited
Debentures | -
2%₹237 Cr2,362
↑ 2,362
The Tata Power Company Limited
Debentures | -
2%₹221 Cr2,084
↑ 2,084
Housing Development Finance Corporation Limited
Debentures | -
2%₹215 Cr2,130
↑ 2,130
Reliance Ports and Terminals Limited
Debentures | -
2%₹204 Cr2,019
↑ 2,019
Manappuram Finance Limited
Debentures | -
2%₹203 Cr2,000
↑ 2,000

3. 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 7.6% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2020 was 7% , 2019 was 8.5% and 2018 was 7.6% .

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 (28 Jul 21) ₹428.858 ↑ 0.04   (0.01 %)
Net Assets (Cr) ₹18,789 on 30 Jun 21
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.39
Sharpe Ratio 2.49
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 4.35%
Effective Maturity 6 Months 14 Days
Modified Duration 6 Months 7 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹10,854
30 Jun 18₹11,577
30 Jun 19₹12,567
30 Jun 20₹13,608
30 Jun 21₹14,267

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 ₹203,125.
Net Profit of ₹23,125
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 28 Jul 21

DurationReturns
1 Month 0.4%
3 Month 1.1%
6 Month 2.2%
1 Year 4.7%
3 Year 7.1%
5 Year 7.2%
10 Year
15 Year
Since launch 7.6%
Historical performance (Yearly) on absolute basis
YearReturns
2020 7%
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%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure
Sunaina Cunha11 Oct 146.72 Yr.
Kaustubh Gupta15 Jul 119.97 Yr.
Monika Gandhi22 Mar 210.27 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 30 Jun 21

Asset Allocation
Asset ClassValue
Cash42.1%
Debt57.9%
Debt Sector Allocation
SectorValue
Corporate45.27%
Cash Equivalent28.71%
Government26.02%
Credit Quality
RatingValue
AA11.84%
AAA88.16%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.79% Govt Stock 2021
Sovereign Bonds | -
12%₹2,169 Cr213,100,000
↑ 213,100,000
Reliance Industries Limited
Debentures | -
4%₹761 Cr7,401
↑ 7,401
8.83% Govt Stock 2023
Sovereign Bonds | -
3%₹522 Cr48,000,000
↑ 48,000,000
Citicorp Finance (India) Limited
Debentures | -
3%₹501 Cr5,000
↑ 5,000
REC Limited
Debentures | -
2%₹328 Cr3,200
↑ 3,200
Rural Electrification Corporation Limited
Debentures | -
2%₹319 Cr3,150
↑ 3,150
Shriram Transport Finance Company Limited
Debentures | -
1%₹276 Cr2,750
↑ 2,750
8.21% HR SDL Spl 2023
Domestic Bonds | -
1%₹243 Cr23,000,000
↑ 23,000,000
Muthoot Finance Limited
Debentures | -
1%₹240 Cr2,350
↑ 2,350
Rural Electrification Corporation Limited
Debentures | -
1%₹227 Cr2,250
↑ 2,250

4. 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.

IDBI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 Sep 10. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.5% since its launch.  Ranked 78 in Ultrashort Bond category.  Return for 2020 was 5.1% , 2019 was 6.9% and 2018 was 6.9% .

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 21) ₹2,190.98 ↑ 0.27   (0.01 %)
Net Assets (Cr) ₹389 on 30 Jun 21
Category Debt - Ultrashort Bond
AMC IDBI Asset Management Limited
Rating
Risk Moderately Low
Expense Ratio 0.73
Sharpe Ratio 1.67
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 0%
Effective Maturity
Modified Duration

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹10,683
30 Jun 18₹11,330
30 Jun 19₹11,608
30 Jun 20₹12,857
30 Jun 21₹13,409

IDBI 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 ₹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 28 Jul 21

DurationReturns
1 Month 0.3%
3 Month 0.9%
6 Month 1.6%
1 Year 4%
3 Year 5.7%
5 Year 5.9%
10 Year
15 Year
Since launch 7.5%
Historical performance (Yearly) on absolute basis
YearReturns
2020 5.1%
2019 6.9%
2018 6.9%
2017 5.8%
2016 7.9%
2015 7.8%
2014 8.7%
2013 9.2%
2012 9.7%
2011 9.3%
Fund Manager information for IDBI Ultra Short Term Fund
NameSinceTenure
Bhupesh Kalyani1 Feb 174.41 Yr.

Data below for IDBI Ultra Short Term Fund as on 30 Jun 21

Asset Allocation
Asset ClassValue
Cash40.83%
Debt59.17%
Debt Sector Allocation
SectorValue
Government56.84%
Cash Equivalent40.83%
Corporate2.33%
Credit Quality
RatingValue
AA2.95%
AAA97.05%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 09122021
Sovereign Bonds | -
25%₹98 Cr10,000,000
↑ 10,000,000
182 DTB 12112021
Sovereign Bonds | -
13%₹49 Cr5,000,000
↑ 5,000,000
182 DTB 25112021
Sovereign Bonds | -
6%₹25 Cr2,500,000
↑ 2,500,000
182 DTB 23122021
Sovereign Bonds | -
6%₹25 Cr2,500,000
↑ 2,500,000
182 DTB 16122021
Sovereign Bonds | -
5%₹20 Cr2,000,000
↑ 2,000,000
Punjab National Bank
Debentures | -
1%₹5 Cr450,000
↑ 450,000
The Tata Power Company Limited
Debentures | -
1%₹2 Cr200,000
↑ 200,000
Chennai Petroleum Corporation Limited
Debentures | -
1%₹2 Cr200,000
↑ 200,000
REC Limited
Debentures | -
1%₹2 Cr200,000
↑ 200,000
JSW Steel Limited
Debentures | -
0%₹2 Cr150,000
↑ 150,000

5. 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 6.9% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2020 was 5.3% , 2019 was 3.3% and 2018 was 7% .

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund
Growth
Launch Date 29 Aug 03
NAV (28 Jul 21) ₹3,295.03 ↑ 0.38   (0.01 %)
Net Assets (Cr) ₹2,106 on 30 Jun 21
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.95
Sharpe Ratio 1.26
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 2,500
Exit Load NIL
Yield to Maturity 4.16%
Effective Maturity 6 Months 4 Days
Modified Duration 5 Months 9 Days

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹10,803
30 Jun 18₹11,479
30 Jun 19₹11,875
30 Jun 20₹12,651
30 Jun 21₹13,152

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 ₹197,169.
Net Profit of ₹17,169
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 28 Jul 21

DurationReturns
1 Month 0.3%
3 Month 0.8%
6 Month 1.7%
1 Year 3.8%
3 Year 4.5%
5 Year 5.5%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2020 5.3%
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%
Fund Manager information for UTI Ultra Short Term Fund
NameSinceTenure
Sudhir Agarwal1 Jul 156 Yr.
Ritesh Nambiar1 Jul 156 Yr.

Data below for UTI Ultra Short Term Fund as on 30 Jun 21

Asset Allocation
Asset ClassValue
Cash56.11%
Debt43.89%
Debt Sector Allocation
SectorValue
Corporate40.41%
Cash Equivalent39.61%
Government19.99%
Credit Quality
RatingValue
A3.21%
AA13.9%
AAA82.89%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 15072021
Sovereign Bonds | -
9%₹200 Cr2,000,000,000
↑ 2,000,000,000
8.20% Govt Stock 2022
Sovereign Bonds | -
6%₹118 Cr1,150,000,000
↑ 1,150,000,000
182 DTB 02122021
Sovereign Bonds | -
5%₹98 Cr1,000,000,000
↑ 1,000,000,000
6.17% Govt Stock 2021
Sovereign Bonds | -
5%₹95 Cr950,000,000
↑ 950,000,000
Hindalco Industries Limited
Debentures | -
4%₹78 Cr750
↑ 750
Avanse Financial Services Limited
Debentures | -
3%₹65 Cr650
↑ 650
Reliance Industries Limited
Debentures | -
2%₹51 Cr500
↑ 500
Housing Development Finance Corporation Limited
Debentures | -
2%₹51 Cr500
↑ 500
Power Finance Corporation Limited
Debentures | -
2%₹50 Cr500
↑ 500
91 DTB 26082021
Sovereign Bonds | -
2%₹50 Cr500,000,000
↑ 500,000,000

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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