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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 April 8, 2021 , 943 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
Aditya Birla Sun Life Savings Fund Growth ₹423.191
↑ 0.02
₹17,086 1,000 0.92.16.57.374.19%5M 19D6M 7D
ICICI Prudential Ultra Short Term Fund Growth ₹21.5903
↓ 0.00
₹8,853 1,000 12.267.16.54.91%4M 17D5M 5D
Kotak Savings Fund Growth ₹33.7527
↑ 0.00
₹11,991 1,000 0.71.75.16.65.83.78%3M 29D4M 6D
Nippon India Ultra Short Duration Fund Growth ₹3,049.46
↑ 0.35
₹733 100 1.12.654.24.95.27%3M 11D6M 18D
UTI Ultra Short Term Fund Growth ₹3,261.58
↑ 0.16
₹2,402 2,500 0.81.94.94.85.34.08%3M 29D4M 3D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 9 Apr 21

*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 7.7% 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 (09 Apr 21) ₹423.191 ↑ 0.02   (0.01 %)
Net Assets (Cr) ₹17,086 on 28 Feb 21
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.39
Sharpe Ratio 1.95
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 4.19%
Effective Maturity 6 Months 7 Days
Modified Duration 5 Months 19 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹10,881
31 Mar 18₹11,668
31 Mar 19₹12,599
31 Mar 20₹13,574
31 Mar 21₹14,434

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 9 Apr 21

DurationReturns
1 Month 0.5%
3 Month 0.9%
6 Month 2.1%
1 Year 6.5%
3 Year 7.3%
5 Year 7.6%
10 Year
15 Year
Since launch 7.7%
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 146.48 Yr.
Kaustubh Gupta15 Jul 119.72 Yr.
Monika Gandhi22 Mar 210.03 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 28 Feb 21

Asset Allocation
Asset ClassValue
Cash52.32%
Debt47.68%
Debt Sector Allocation
SectorValue
Corporate45.01%
Cash Equivalent34.23%
Government20.38%
Securitized0.38%
Credit Quality
RatingValue
AA12.06%
AAA87.94%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.79% Govt Stock 2021
Sovereign Bonds | -
4%₹625 Cr60,500,000
↑ 57,500,000
182 DTB 04032021
Sovereign Bonds | -
3%₹500 Cr50,000,000
364 DTB 07052021
Sovereign Bonds | -
3%₹497 Cr50,000,000
Mahindra & Mahindra Financial Services Limited
Debentures | -
3%₹446 Cr4,450
182 DTB 11032021
Sovereign Bonds | -
2%₹400 Cr40,000,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹399 Cr4,000
↑ 4,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹375 Cr3,750
8.83% Govt Stock 2023
Sovereign Bonds | -
2%₹334 Cr30,500,000
REC Limited
Debentures | -
2%₹329 Cr3,200
Rural Electrification Corporation Limited
Debentures | -
2%₹320 Cr3,150

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 8.1% 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 (09 Apr 21) ₹21.5903 ↓ 0.00   (0.00 %)
Net Assets (Cr) ₹8,853 on 28 Feb 21
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.96
Sharpe Ratio 1.71
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 4.91%
Effective Maturity 5 Months 5 Days
Modified Duration 4 Months 17 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹10,944
31 Mar 18₹11,704
31 Mar 19₹12,604
31 Mar 20₹13,601
31 Mar 21₹14,403

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 9 Apr 21

DurationReturns
1 Month 0.4%
3 Month 1%
6 Month 2.2%
1 Year 6%
3 Year 7.1%
5 Year 7.5%
10 Year
15 Year
Since launch 8.1%
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 164.38 Yr.
Ritesh Lunawat15 Jun 173.8 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 28 Feb 21

Asset Allocation
Asset ClassValue
Cash41.25%
Debt58.75%
Debt Sector Allocation
SectorValue
Corporate64.5%
Cash Equivalent24.17%
Government11.33%
Credit Quality
RatingValue
A1.5%
AA39.16%
AAA59.34%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 19082021
Sovereign Bonds | -
7%₹615 Cr62,500,000
↑ 62,500,000
REC Limited
Debentures | -
3%₹289 Cr2,850
Reliance Ports and Terminals Limited
Debentures | -
2%₹207 Cr2,019
Manappuram Finance Limited
Debentures | -
2%₹205 Cr2,000
Housing Development Finance Corporation Limited
Debentures | -
2%₹152 Cr1,500
Tata Value Homes Limited
Debentures | -
2%₹150 Cr1,500
Aspire Home Finance Corporation Limited
Debentures | -
2%₹150 Cr1,500
Tata Realty and Infrastructure Limited
Debentures | -
2%₹148 Cr1,250
Power Finance Corporation Limited
Debentures | -
2%₹137 Cr1,350
6.17% Govt Stock 2021
Sovereign Bonds | -
1%₹131 Cr13,000,000
↑ 13,000,000

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 7.6% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2020 was 5.8% , 2019 was 7.8% and 2018 was 7.4% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (09 Apr 21) ₹33.7527 ↑ 0.00   (0.00 %)
Net Assets (Cr) ₹11,991 on 28 Feb 21
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.48
Sharpe Ratio 1.72
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 3.78%
Effective Maturity 4 Months 6 Days
Modified Duration 3 Months 29 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹10,784
31 Mar 18₹11,503
31 Mar 19₹12,407
31 Mar 20₹13,291
31 Mar 21₹13,968

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 ₹200,132.
Net Profit of ₹20,132
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 9 Apr 21

DurationReturns
1 Month 0.4%
3 Month 0.7%
6 Month 1.7%
1 Year 5.1%
3 Year 6.6%
5 Year 6.9%
10 Year
15 Year
Since launch 7.6%
Historical performance (Yearly) on absolute basis
YearReturns
2020 5.8%
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%
Fund Manager information for Kotak Savings Fund
NameSinceTenure
Deepak Agrawal15 Apr 0812.97 Yr.

Data below for Kotak Savings Fund as on 28 Feb 21

Asset Allocation
Asset ClassValue
Cash63.13%
Debt36.87%
Debt Sector Allocation
SectorValue
Cash Equivalent42.94%
Corporate36.64%
Government20.07%
Securitized0.35%
Credit Quality
RatingValue
AA9.36%
AAA90.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 03062021
Sovereign Bonds | -
13%₹1,582 Cr159,500,000
Bharti Telecom Limited
Debentures | -
5%₹541 Cr5,400
Housing Development Finance Corporation Limited
Debentures | -
4%₹481 Cr4,750
182 DTB 06052021
Sovereign Bonds | -
3%₹349 Cr35,059,430
↑ 35,059,430
91 DTB 01042021
Sovereign Bonds | -
2%₹288 Cr28,863,460
↓ -2,886,540
Housing Development Finance Corporation Limited
Debentures | -
2%₹279 Cr2,750
5.09% Govt Stock 2022
Sovereign Bonds | -
2%₹233 Cr23,000,000
↓ -15,000,000
7.80% Govt Stock 2021
Sovereign Bonds | -
2%₹226 Cr22,500,000
Rent a Device Trust
Unlisted bonds | -
2%₹223 Cr1,754
7.94% Govt Stock 2021
Sovereign Bonds | -
2%₹215 Cr21,250,000
↓ -35,000,000

4. 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 5.9% 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 (09 Apr 21) ₹3,049.46 ↑ 0.35   (0.01 %)
Net Assets (Cr) ₹733 on 28 Feb 21
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.09
Sharpe Ratio 0.02
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 5.27%
Effective Maturity 6 Months 18 Days
Modified Duration 3 Months 11 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹10,634
31 Mar 18₹11,265
31 Mar 19₹12,164
31 Mar 20₹12,134
31 Mar 21₹12,733

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 ₹194,235.
Net Profit of ₹14,235
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 9 Apr 21

DurationReturns
1 Month 0.5%
3 Month 1.1%
6 Month 2.6%
1 Year 5%
3 Year 4.2%
5 Year 4.9%
10 Year
15 Year
Since launch 5.9%
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 137.5 Yr.
Kinjal Desai25 May 182.85 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 28 Feb 21

Asset Allocation
Asset ClassValue
Cash60%
Debt40%
Debt Sector Allocation
SectorValue
Corporate50.67%
Cash Equivalent45.86%
Government3.47%
Credit Quality
RatingValue
A12.12%
AA21.96%
AAA65.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 18032021
Sovereign Bonds | -
14%₹100 Cr10,000,000
U.P. Power Corporation Limited
Debentures | -
7%₹49 Cr650
Bajaj Housing Finance Limited
Debentures | -
6%₹41 Cr400
↑ 400
Ahmedabad-Maliya Tollway Limited
Debentures | -
5%₹38 Cr380
Asirvad Micro Finance Private Limited
Debentures | -
5%₹34 Cr335
Manappuram Finance Limited
Debentures | -
4%₹31 Cr300
↑ 300
REC Limited
Debentures | -
4%₹26 Cr250
Power Finance Corporation Limited
Debentures | -
3%₹25 Cr250
↑ 250
Indinfravit Trust
Unlisted bonds | -
3%₹25 Cr250
L&T Infrastructure Finance Company Limited
Debentures | -
2%₹11 Cr110
↑ 110

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 (09 Apr 21) ₹3,261.58 ↑ 0.16   (0.00 %)
Net Assets (Cr) ₹2,402 on 28 Feb 21
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.95
Sharpe Ratio 2.74
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 2,500
Exit Load NIL
Yield to Maturity 4.08%
Effective Maturity 4 Months 3 Days
Modified Duration 3 Months 29 Days

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹10,849
31 Mar 18₹11,542
31 Mar 19₹12,377
31 Mar 20₹12,686
31 Mar 21₹13,317

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 9 Apr 21

DurationReturns
1 Month 0.3%
3 Month 0.8%
6 Month 1.9%
1 Year 4.9%
3 Year 4.8%
5 Year 5.8%
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 155.76 Yr.
Ritesh Nambiar1 Jul 155.76 Yr.

Data below for UTI Ultra Short Term Fund as on 28 Feb 21

Asset Allocation
Asset ClassValue
Cash61.73%
Debt38.27%
Debt Sector Allocation
SectorValue
Corporate38.81%
Cash Equivalent36.06%
Government25.13%
Credit Quality
RatingValue
A3.58%
AA6.98%
AAA89.44%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.17% Govt Stock 2021
Sovereign Bonds | -
10%₹232 Cr2,300,000,000
364 DTB 29072021
Sovereign Bonds | -
4%₹99 Cr1,000,000,000
Avanse Financial Services Limited
Debentures | -
3%₹65 Cr650
Reliance Industries Limited
Debentures | -
2%₹52 Cr500
↑ 500
Housing Development Finance Corporation Limited
Debentures | -
2%₹51 Cr500
Power Finance Corporation Limited
Debentures | -
2%₹51 Cr500
Tata Capital Housing Finance Limited
Debentures | -
2%₹50 Cr500
364 DTB 03062021
Sovereign Bonds | -
2%₹50 Cr500,000,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹42 Cr330
↑ 330
National Bank For Agriculture and Rural Development
Debentures | -
2%₹41 Cr400

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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