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5 Best Performing Ultra Short Term Debt Funds for SIP 2022 | Fincash.com

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5 Best Ultra Short Term Debt Funds for SIP 2022

Updated on September 28, 2022 , 1754 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 22 - 23

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)2021 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Savings Fund Growth ₹449.066
↑ 0.22
₹14,508 1,000 1.2245.33.96.63%5M 12D5M 19D
Nippon India Ultra Short Duration Fund Growth ₹3,346.37
↑ 1.49
₹4,931 100 1.2245.97.86.46%4M 12D5M 1D
ICICI Prudential Ultra Short Term Fund Growth ₹22.8679
↑ 0.01
₹14,808 1,000 1.223.95.246.28%3M 22D4M 10D
IDBI Ultra Short Term Fund Growth ₹2,299.51
↑ 0.83
₹235 500 1.323.84.63.95.95%3M 24D4M 13D
Kotak Savings Fund Growth ₹35.5587
↑ 0.02
₹13,862 1,000 1.21.93.74.63.26.25%4M 2D5M 12D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Sep 22

*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 7.4% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2021 was 3.9% , 2020 was 7% and 2019 was 8.5% .

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 (30 Sep 22) ₹449.066 ↑ 0.22   (0.05 %)
Net Assets (Cr) ₹14,508 on 31 Aug 22
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.49
Sharpe Ratio -0.4
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.63%
Effective Maturity 5 Months 19 Days
Modified Duration 5 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,658
30 Sep 19₹11,627
30 Sep 20₹12,500
30 Sep 21₹13,044

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 ₹200,132.
Net Profit of ₹20,132
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 30 Sep 22

DurationReturns
1 Month 0.3%
3 Month 1.2%
6 Month 2%
1 Year 4%
3 Year 5.3%
5 Year 6.3%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.9%
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%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure
Sunaina Cunha14 Jun 148.22 Yr.
Kaustubh Gupta15 Jul 1111.14 Yr.
Monika Gandhi22 Mar 211.44 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 31 Aug 22

Asset Allocation
Asset ClassValue
Cash64.02%
Debt35.98%
Debt Sector Allocation
SectorValue
Corporate48.23%
Cash Equivalent28.76%
Government23.02%
Credit Quality
RatingValue
AA14.27%
AAA85.73%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Ltd
Debentures | -
4%₹600 Cr6,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹281 Cr2,750
Reliance Industries Limited
Debentures | -
2%₹256 Cr2,500
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹250 Cr2,500
08.54 MH Sdl 2023
Sovereign Bonds | -
2%₹248 Cr24,500,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹245 Cr2,450
08.21 HR UDAY 2023
Domestic Bonds | -
2%₹237 Cr23,500,000
08.39 RJ UDAY 2023
Domestic Bonds | -
1%₹217 Cr21,477,000
08.24 GJ Sdl 2023
Sovereign Bonds | -
1%₹212 Cr21,000,000
08.48 KA Sdl 2022
Sovereign Bonds | -
1%₹200 Cr20,000,000

2. 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% since its launch.  Ranked 62 in Ultrashort Bond category.  Return for 2021 was 7.8% , 2020 was 4.9% and 2019 was 0.9% .

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 (30 Sep 22) ₹3,346.37 ↑ 1.49   (0.04 %)
Net Assets (Cr) ₹4,931 on 31 Aug 22
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.09
Sharpe Ratio -0.46
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 6.46%
Effective Maturity 5 Months 1 Day
Modified Duration 4 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,646
30 Sep 19₹10,771
30 Sep 20₹11,331
30 Sep 21₹12,295

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 30 Sep 22

DurationReturns
1 Month 0.3%
3 Month 1.2%
6 Month 2%
1 Year 4%
3 Year 5.9%
5 Year 5%
10 Year
15 Year
Since launch 6%
Historical performance (Yearly) on absolute basis
YearReturns
2021 7.8%
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%
Fund Manager information for Nippon India Ultra Short Duration Fund
NameSinceTenure
Vivek Sharma1 Oct 138.92 Yr.
Kinjal Desai25 May 184.27 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 31 Aug 22

Asset Allocation
Asset ClassValue
Cash68.94%
Debt31.06%
Debt Sector Allocation
SectorValue
Corporate42.55%
Cash Equivalent42.46%
Government14.99%
Credit Quality
RatingValue
AA17.36%
AAA82.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 22122022
Sovereign Bonds | -
4%₹222 Cr22,500,000
Tata Realty And Infrastructure Limited
Debentures | -
3%₹149 Cr1,500
Indian Oil Corporation Limited
Debentures | -
2%₹105 Cr1,050
Reliance Industries Limited
Debentures | -
2%₹102 Cr1,000
Shriram Housing Finance Limited
Debentures | -
2%₹101 Cr1,000
National Housing Bank
Debentures | -
2%₹100 Cr1,000
Piramal Capital & Housing Finance Ltd
Debentures | -
2%₹94 Cr838
↑ 838
Shriram Transport Finance Company Limited
Debentures | -
2%₹91 Cr900
6.84% Govt Stock 2022
Sovereign Bonds | -
2%₹85 Cr8,500,000
08.64 UP UDAY 2023
Domestic Bonds | -
1%₹73 Cr7,200,000

3. 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 7.5% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2021 was 4% , 2020 was 6.5% and 2019 was 8.4% .

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 (30 Sep 22) ₹22.8679 ↑ 0.01   (0.04 %)
Net Assets (Cr) ₹14,808 on 31 Aug 22
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.93
Sharpe Ratio -1.1
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 6.28%
Effective Maturity 4 Months 10 Days
Modified Duration 3 Months 22 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,633
30 Sep 19₹11,556
30 Sep 20₹12,401
30 Sep 21₹12,951

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 ₹200,132.
Net Profit of ₹20,132
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 30 Sep 22

DurationReturns
1 Month 0.3%
3 Month 1.2%
6 Month 2%
1 Year 3.9%
3 Year 5.2%
5 Year 6.1%
10 Year
15 Year
Since launch 7.5%
Historical performance (Yearly) on absolute basis
YearReturns
2021 4%
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%
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure
Manish Banthia15 Nov 165.79 Yr.
Ritesh Lunawat15 Jun 175.21 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 31 Aug 22

Asset Allocation
Asset ClassValue
Cash68.64%
Debt31.36%
Debt Sector Allocation
SectorValue
Cash Equivalent50.99%
Corporate34.7%
Government14.3%
Credit Quality
RatingValue
A0.82%
AA14.68%
AAA84.5%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 24112022
Sovereign Bonds | -
6%₹890 Cr90,000,000
182 Dtb 01122022
Sovereign Bonds | -
4%₹642 Cr65,000,000
National Bank For Agriculture And Rural Development
Debentures | -
4%₹570 Cr5,750
↑ 500
182 Dtb 17112022
Sovereign Bonds | -
4%₹545 Cr55,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹428 Cr4,250
Housing Development Finance Corporation Ltd
Debentures | -
3%₹420 Cr4,200
182 Dtb 10112022
Sovereign Bonds | -
3%₹397 Cr40,000,000
↓ -30,000,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹308 Cr3,100
↑ 1,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹250 Cr2,500
Shriram Transport Finance Company Limited
Debentures | -
1%₹202 Cr2,000

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 7.1% since its launch.  Ranked 78 in Ultrashort Bond category.  Return for 2021 was 3.9% , 2020 was 5.1% and 2019 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 (30 Sep 22) ₹2,299.51 ↑ 0.83   (0.04 %)
Net Assets (Cr) ₹235 on 31 Aug 22
Category Debt - Ultrashort Bond
AMC IDBI Asset Management Limited
Rating
Risk Moderately Low
Expense Ratio 0.6
Sharpe Ratio 0.19
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 5.95%
Effective Maturity 4 Months 13 Days
Modified Duration 3 Months 24 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,603
30 Sep 19₹11,379
30 Sep 20₹12,016
30 Sep 21₹12,539

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 30 Sep 22

DurationReturns
1 Month 0.4%
3 Month 1.3%
6 Month 2%
1 Year 3.8%
3 Year 4.6%
5 Year 5.4%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.9%
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%
Fund Manager information for IDBI Ultra Short Term Fund
NameSinceTenure
Raju Sharma7 Sep 220 Yr.

Data below for IDBI Ultra Short Term Fund as on 31 Aug 22

Asset Allocation
Asset ClassValue
Cash93.81%
Debt6.19%
Debt Sector Allocation
SectorValue
Cash Equivalent75.99%
Corporate13.24%
Government10.77%
Credit Quality
RatingValue
AA5.75%
AAA94.25%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 20102022
Sovereign Bonds | -
11%₹25 Cr2,500,000
182 Dtb 01122022
Sovereign Bonds | -
6%₹15 Cr1,500,000
Steel Authority Of India Limited
Debentures | -
2%₹5 Cr520,000
The Tata Power Company Limited
Debentures | -
1%₹2 Cr200,000
Rec Limited
Debentures | -
1%₹2 Cr200,000
Chennai Petroleum Corporation Ltd.
Debentures | -
1%₹2 Cr200,000
JSW Steel Limited
Debentures | -
1%₹2 Cr150,000
Godrej Properties Limited
Debentures | -
1%₹2 Cr150,000
TATA Motors Limited
Debentures | -
1%₹1 Cr150,000
Piramal Capital & Housing Finance Limited
Debentures | -
0%₹1 Cr105,700

5. 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 7.2% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2021 was 3.2% , 2020 was 5.8% and 2019 was 7.8% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (30 Sep 22) ₹35.5587 ↑ 0.02   (0.04 %)
Net Assets (Cr) ₹13,862 on 31 Aug 22
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.45
Sharpe Ratio -1.51
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.25%
Effective Maturity 5 Months 12 Days
Modified Duration 4 Months 2 Days

Growth of 10,000 investment over the years.

DateValue
30 Sep 17₹10,000
30 Sep 18₹10,651
30 Sep 19₹11,549
30 Sep 20₹12,300
30 Sep 21₹12,727

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 ₹197,169.
Net Profit of ₹17,169
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 30 Sep 22

DurationReturns
1 Month 0.3%
3 Month 1.2%
6 Month 1.9%
1 Year 3.7%
3 Year 4.6%
5 Year 5.7%
10 Year
15 Year
Since launch 7.2%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.2%
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%
Fund Manager information for Kotak Savings Fund
NameSinceTenure
Deepak Agrawal15 Apr 0814.39 Yr.
Vihag Mishra30 Apr 220.34 Yr.

Data below for Kotak Savings Fund as on 31 Aug 22

Asset Allocation
Asset ClassValue
Cash72.79%
Debt27.21%
Debt Sector Allocation
SectorValue
Cash Equivalent41.98%
Government29.22%
Corporate28.79%
Credit Quality
RatingValue
AA10.3%
AAA89.7%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 01122022
Sovereign Bonds | -
5%₹667 Cr67,500,000
182 DTB 22122022
Sovereign Bonds | -
4%₹591 Cr60,000,000
182 DTB 09032023
Sovereign Bonds | -
4%₹486 Cr50,000,000
↑ 50,000,000
182 DTB 16032023
Sovereign Bonds | -
4%₹485 Cr50,000,000
↑ 50,000,000
Power Finance Corporation Ltd.
Debentures | -
3%₹350 Cr3,500
↓ -300
Shriram Transport Finance Company Limited
Debentures | -
2%₹250 Cr2,450
182 Dtb 15122022
Sovereign Bonds | -
1%₹202 Cr20,500,000
↓ -30,000,000
Muthoot Finance Limited
Debentures | -
1%₹200 Cr2,000,000
LIC Housing Finance Limited
Debentures | -
1%₹175 Cr1,750
Housing Development Finance Corporation Ltd
Debentures | -
1%₹175 Cr1,750

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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