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5 Best Ultra Short Term Debt Funds for SIP 2021
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
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2020 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹423.191
↑ 0.02 ₹17,086 1,000 0.9 2.1 6.5 7.3 7 4.19% 5M 19D 6M 7D ICICI Prudential Ultra Short Term Fund Growth ₹21.5903
↓ 0.00 ₹8,853 1,000 1 2.2 6 7.1 6.5 4.91% 4M 17D 5M 5D Kotak Savings Fund Growth ₹33.7527
↑ 0.00 ₹11,991 1,000 0.7 1.7 5.1 6.6 5.8 3.78% 3M 29D 4M 6D Nippon India Ultra Short Duration Fund Growth ₹3,049.46
↑ 0.35 ₹733 100 1.1 2.6 5 4.2 4.9 5.27% 3M 11D 6M 18D UTI Ultra Short Term Fund Growth ₹3,261.58
↑ 0.16 ₹2,402 2,500 0.8 1.9 4.9 4.8 5.3 4.08% 3M 29D 4M 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.
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 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 Below is the key information for Kotak Savings 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 (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 1. Aditya Birla Sun Life Savings Fund
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% . 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.
Date Value 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 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Apr 21 Duration Returns 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
Year Returns 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
Name Since Tenure Sunaina Cunha 11 Oct 14 6.48 Yr. Kaustubh Gupta 15 Jul 11 9.72 Yr. Monika Gandhi 22 Mar 21 0.03 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 28 Feb 21
Asset Allocation
Asset Class Value Cash 52.32% Debt 47.68% Debt Sector Allocation
Sector Value Corporate 45.01% Cash Equivalent 34.23% Government 20.38% Securitized 0.38% Credit Quality
Rating Value AA 12.06% AAA 87.94% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.79% Govt Stock 2021
Sovereign Bonds | -4% ₹625 Cr 60,500,000
↑ 57,500,000 182 DTB 04032021
Sovereign Bonds | -3% ₹500 Cr 50,000,000 364 DTB 07052021
Sovereign Bonds | -3% ₹497 Cr 50,000,000 Mahindra & Mahindra Financial Services Limited
Debentures | -3% ₹446 Cr 4,450 182 DTB 11032021
Sovereign Bonds | -2% ₹400 Cr 40,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹399 Cr 4,000
↑ 4,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹375 Cr 3,750 8.83% Govt Stock 2023
Sovereign Bonds | -2% ₹334 Cr 30,500,000 REC Limited
Debentures | -2% ₹329 Cr 3,200 Rural Electrification Corporation Limited
Debentures | -2% ₹320 Cr 3,150 2. ICICI Prudential Ultra Short Term Fund
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% . 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.
Date Value 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 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Apr 21 Duration Returns 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
Year Returns 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
Name Since Tenure Manish Banthia 15 Nov 16 4.38 Yr. Ritesh Lunawat 15 Jun 17 3.8 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 28 Feb 21
Asset Allocation
Asset Class Value Cash 41.25% Debt 58.75% Debt Sector Allocation
Sector Value Corporate 64.5% Cash Equivalent 24.17% Government 11.33% Credit Quality
Rating Value A 1.5% AA 39.16% AAA 59.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 19082021
Sovereign Bonds | -7% ₹615 Cr 62,500,000
↑ 62,500,000 REC Limited
Debentures | -3% ₹289 Cr 2,850 Reliance Ports and Terminals Limited
Debentures | -2% ₹207 Cr 2,019 Manappuram Finance Limited
Debentures | -2% ₹205 Cr 2,000 Housing Development Finance Corporation Limited
Debentures | -2% ₹152 Cr 1,500 Tata Value Homes Limited
Debentures | -2% ₹150 Cr 1,500 Aspire Home Finance Corporation Limited
Debentures | -2% ₹150 Cr 1,500 Tata Realty and Infrastructure Limited
Debentures | -2% ₹148 Cr 1,250 Power Finance Corporation Limited
Debentures | -2% ₹137 Cr 1,350 6.17% Govt Stock 2021
Sovereign Bonds | -1% ₹131 Cr 13,000,000
↑ 13,000,000 3. Kotak Savings Fund
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% . 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.
Date Value 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 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Apr 21 Duration Returns 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
Year Returns 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
Name Since Tenure Deepak Agrawal 15 Apr 08 12.97 Yr. Data below for Kotak Savings Fund as on 28 Feb 21
Asset Allocation
Asset Class Value Cash 63.13% Debt 36.87% Debt Sector Allocation
Sector Value Cash Equivalent 42.94% Corporate 36.64% Government 20.07% Securitized 0.35% Credit Quality
Rating Value AA 9.36% AAA 90.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 03062021
Sovereign Bonds | -13% ₹1,582 Cr 159,500,000 Bharti Telecom Limited
Debentures | -5% ₹541 Cr 5,400 Housing Development Finance Corporation Limited
Debentures | -4% ₹481 Cr 4,750 182 DTB 06052021
Sovereign Bonds | -3% ₹349 Cr 35,059,430
↑ 35,059,430 91 DTB 01042021
Sovereign Bonds | -2% ₹288 Cr 28,863,460
↓ -2,886,540 Housing Development Finance Corporation Limited
Debentures | -2% ₹279 Cr 2,750 5.09% Govt Stock 2022
Sovereign Bonds | -2% ₹233 Cr 23,000,000
↓ -15,000,000 7.80% Govt Stock 2021
Sovereign Bonds | -2% ₹226 Cr 22,500,000 Rent a Device Trust
Unlisted bonds | -2% ₹223 Cr 1,754 7.94% Govt Stock 2021
Sovereign Bonds | -2% ₹215 Cr 21,250,000
↓ -35,000,000 4. Nippon India Ultra Short Duration Fund
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% . 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.
Date Value 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 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Apr 21 Duration Returns 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
Year Returns 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
Name Since Tenure Vivek Sharma 1 Oct 13 7.5 Yr. Kinjal Desai 25 May 18 2.85 Yr. Data below for Nippon India Ultra Short Duration Fund as on 28 Feb 21
Asset Allocation
Asset Class Value Cash 60% Debt 40% Debt Sector Allocation
Sector Value Corporate 50.67% Cash Equivalent 45.86% Government 3.47% Credit Quality
Rating Value A 12.12% AA 21.96% AAA 65.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 18032021
Sovereign Bonds | -14% ₹100 Cr 10,000,000 U.P. Power Corporation Limited
Debentures | -7% ₹49 Cr 650 Bajaj Housing Finance Limited
Debentures | -6% ₹41 Cr 400
↑ 400 Ahmedabad-Maliya Tollway Limited
Debentures | -5% ₹38 Cr 380 Asirvad Micro Finance Private Limited
Debentures | -5% ₹34 Cr 335 Manappuram Finance Limited
Debentures | -4% ₹31 Cr 300
↑ 300 REC Limited
Debentures | -4% ₹26 Cr 250 Power Finance Corporation Limited
Debentures | -3% ₹25 Cr 250
↑ 250 Indinfravit Trust
Unlisted bonds | -3% ₹25 Cr 250 L&T Infrastructure Finance Company Limited
Debentures | -2% ₹11 Cr 110
↑ 110 5. UTI Ultra Short Term Fund
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% . 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.
Date Value 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 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Apr 21 Duration Returns 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
Year Returns 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
Name Since Tenure Sudhir Agarwal 1 Jul 15 5.76 Yr. Ritesh Nambiar 1 Jul 15 5.76 Yr. Data below for UTI Ultra Short Term Fund as on 28 Feb 21
Asset Allocation
Asset Class Value Cash 61.73% Debt 38.27% Debt Sector Allocation
Sector Value Corporate 38.81% Cash Equivalent 36.06% Government 25.13% Credit Quality
Rating Value A 3.58% AA 6.98% AAA 89.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.17% Govt Stock 2021
Sovereign Bonds | -10% ₹232 Cr 2,300,000,000 364 DTB 29072021
Sovereign Bonds | -4% ₹99 Cr 1,000,000,000 Avanse Financial Services Limited
Debentures | -3% ₹65 Cr 650 Reliance Industries Limited
Debentures | -2% ₹52 Cr 500
↑ 500 Housing Development Finance Corporation Limited
Debentures | -2% ₹51 Cr 500 Power Finance Corporation Limited
Debentures | -2% ₹51 Cr 500 Tata Capital Housing Finance Limited
Debentures | -2% ₹50 Cr 500 364 DTB 03062021
Sovereign Bonds | -2% ₹50 Cr 500,000,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹42 Cr 330
↑ 330 National Bank For Agriculture and Rural Development
Debentures | -2% ₹41 Cr 400
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