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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 ₹419.332
↓ 0.00 ₹17,295 1,000 1 2.4 6.8 7.6 7 3.76% 5M 16D 6M 7D ICICI Prudential Ultra Short Term Fund Growth ₹21.3752
↑ 0.00 ₹9,030 1,000 1 2.5 6.3 7.4 6.5 4.61% 4M 20D 5M 12D Kotak Savings Fund Growth ₹33.4974
↑ 0.00 ₹13,560 1,000 0.8 1.8 5.6 7 5.8 3.56% 5M 1D 5M 8D UTI Ultra Short Term Fund Growth ₹3,235.91
↑ 0.43 ₹1,557 2,500 1 2.1 5.1 5.1 5.3 5.11% 3M 27D 3M 29D IDBI Ultra Short Term Fund Growth ₹2,153.35
↑ 0.09 ₹368 500 1.2 2.4 5 6.3 5.1 0% Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Jan 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 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 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 Below is the key information for IDBI 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 (15 Jan 21) ₹419.332 ↓ 0.00 (0.00 %) Net Assets (Cr) ₹17,295 on 30 Nov 20 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.39 Sharpe Ratio 2.55 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 3.76% Effective Maturity 6 Months 7 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,924 31 Dec 17 ₹11,709 31 Dec 18 ₹12,603 31 Dec 19 ₹13,669 31 Dec 20 ₹14,629 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 0.2% 3 Month 1% 6 Month 2.4% 1 Year 6.8% 3 Year 7.6% 5 Year 7.9% 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 6.23 Yr. Kaustubh Gupta 15 Jul 11 9.47 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 30 Nov 20
Asset Allocation
Asset Class Value Cash 56.59% Debt 43.41% Debt Sector Allocation
Sector Value Corporate 47.34% Cash Equivalent 33.17% Government 19.09% Securitized 0.39% Credit Quality
Rating Value AA 9.31% AAA 90.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 04032021
Sovereign Bonds | -4% ₹696 Cr 70,000,000 364 DTB 07052021
Sovereign Bonds | -3% ₹495 Cr 50,000,000 Mahindra & Mahindra Financial Services Limited
Debentures | -3% ₹450 Cr 4,450 182 DTB 11032021
Sovereign Bonds | -2% ₹398 Cr 40,000,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹375 Cr 3,750 8.83% Govt Stock 2023
Sovereign Bonds | -2% ₹342 Cr 30,500,000
↑ 10,000,000 REC Limited
Debentures | -2% ₹331 Cr 3,200 Rural Electrification Corporation Limited
Debentures | -2% ₹271 Cr 2,650 Muthoot Finance Limited
Debentures | -1% ₹242 Cr 2,350 Rural Electrification Corporation Limited
Debentures | -1% ₹231 Cr 2,250 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 (15 Jan 21) ₹21.3752 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹9,030 on 30 Nov 20 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.96 Sharpe Ratio 2.24 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 4.61% Effective Maturity 5 Months 12 Days Modified Duration 4 Months 20 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,982 31 Dec 17 ₹11,743 31 Dec 18 ₹12,623 31 Dec 19 ₹13,688 31 Dec 20 ₹14,582 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 0.3% 3 Month 1% 6 Month 2.5% 1 Year 6.3% 3 Year 7.4% 5 Year 7.8% 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 4.13 Yr. Ritesh Lunawat 15 Jun 17 3.55 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 30 Nov 20
Asset Allocation
Asset Class Value Cash 49.43% Debt 50.57% Debt Sector Allocation
Sector Value Corporate 72.06% Cash Equivalent 24.34% Government 3.6% Credit Quality
Rating Value A 1.53% AA 34.48% AAA 64% Top Securities Holdings / Portfolio
Name Holding Value Quantity 91 DTB 7012021
Sovereign Bonds | -4% ₹300 Cr 30,000,000 REC Limited
Debentures | -3% ₹291 Cr 2,850 Reliance Ports and Terminals Limited
Debentures | -2% ₹210 Cr 2,019 Manappuram Finance Limited
Debentures | -2% ₹206 Cr 2,000 Housing Development Finance Corporation Limited
Debentures | -2% ₹153 Cr 1,500 Tata Value Homes Limited
Debentures | -2% ₹151 Cr 1,500 Aspire Home Finance Corporation Limited
Debentures | -2% ₹149 Cr 1,500 Tata Realty and Infrastructure Limited
Debentures | -2% ₹147 Cr 1,250 Power Finance Corporation Limited
Debentures | -2% ₹138 Cr 1,350 Small Industries Development Bank of India
Debentures | -1% ₹127 Cr 1,250
↑ 500 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 (15 Jan 21) ₹33.4974 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹13,560 on 30 Nov 20 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.48 Sharpe Ratio 2.33 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 3.56% Effective Maturity 5 Months 8 Days Modified Duration 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,817 31 Dec 17 ₹11,537 31 Dec 18 ₹12,392 31 Dec 19 ₹13,364 31 Dec 20 ₹14,145 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 0.2% 3 Month 0.8% 6 Month 1.8% 1 Year 5.6% 3 Year 7% 5 Year 7.1% 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 12.72 Yr. Data below for Kotak Savings Fund as on 30 Nov 20
Asset Allocation
Asset Class Value Cash 49.07% Debt 50.93% Debt Sector Allocation
Sector Value Government 35.04% Corporate 32.74% Cash Equivalent 31.88% Securitized 0.34% Credit Quality
Rating Value AA 9.9% AAA 90.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 03062021
Sovereign Bonds | -13% ₹1,574 Cr 159,500,000
↑ 159,500,000 7.94% Govt Stock 2021
Sovereign Bonds | -5% ₹573 Cr 56,250,000
↑ 56,250,000 Bharti Telecom Limited
Debentures | -4% ₹545 Cr 5,400 364 DTB 29042021
Sovereign Bonds | -4% ₹545 Cr 55,000,000
↓ -65,000,000 Housing Development Finance Corporation Limited
Debentures | -4% ₹484 Cr 4,750 7.80% Govt Stock 2021
Sovereign Bonds | -3% ₹354 Cr 35,000,000
↑ 35,000,000 Housing Development Finance Corporation Limited
Debentures | -2% ₹281 Cr 2,750 Rent a Device Trust
Unlisted bonds | -2% ₹221 Cr 1,754 Rural Electrification Corporation Limited
Debentures | -2% ₹211 Cr 2,050
↓ -50 Muthoot Finance Limited
Debentures | -2% ₹203 Cr 2,000,000 4. UTI Ultra Short Term Fund
CAGR/Annualized return of 7% 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 (15 Jan 21) ₹3,235.91 ↑ 0.43 (0.01 %) Net Assets (Cr) ₹1,557 on 30 Nov 20 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.95 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 5.11% Effective Maturity 3 Months 29 Days Modified Duration 3 Months 27 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,887 31 Dec 17 ₹11,610 31 Dec 18 ₹12,425 31 Dec 19 ₹12,831 31 Dec 20 ₹13,506 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 0.3% 3 Month 1% 6 Month 2.1% 1 Year 5.1% 3 Year 5.1% 5 Year 6.2% 10 Year 15 Year Since launch 7% 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 5.51 Yr. Ritesh Nambiar 1 Jul 15 5.51 Yr. Data below for UTI Ultra Short Term Fund as on 30 Nov 20
Asset Allocation
Asset Class Value Cash 69.29% Debt 30.71% Debt Sector Allocation
Sector Value Cash Equivalent 41.44% Corporate 39.04% Government 19.52% Credit Quality
Rating Value A 10.44% AA 1.73% AAA 87.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.17% Govt Stock 2021
Sovereign Bonds | -7% ₹137 Cr 1,350,000,000 Edelweiss Commodities Services Limited
Debentures | -6% ₹124 Cr 1,250 364 DTB 29072021
Sovereign Bonds | -5% ₹98 Cr 1,000,000,000
↑ 1,000,000,000 364 DTB 04032021
Sovereign Bonds | -4% ₹75 Cr 750,000,000 Avanse Financial Services Limited
Debentures | -3% ₹65 Cr 650 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% ₹51 Cr 500 182 DTB 25032021
Sovereign Bonds | -2% ₹50 Cr 500,000,000
↑ 500,000,000 364 DTB 03062021
Sovereign Bonds | -2% ₹49 Cr 500,000,000
↑ 500,000,000 5. IDBI Ultra Short Term Fund
CAGR/Annualized return of 7.7% since its launch. Ranked 78 in Ultrashort Bond category. Return for 2020 was 5.1% , 2019 was 6.9% and 2018 was 6.9% . IDBI Ultra Short Term Fund
Growth Launch Date 3 Sep 10 NAV (15 Jan 21) ₹2,153.35 ↑ 0.09 (0.00 %) Net Assets (Cr) ₹368 on 30 Nov 20 Category Debt - Ultrashort Bond AMC IDBI Asset Management Limited Rating ☆ Risk Moderately Low Expense Ratio 0.73 Sharpe Ratio 0.64 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.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,786 31 Dec 17 ₹11,411 31 Dec 18 ₹12,199 31 Dec 19 ₹13,041 31 Dec 20 ₹13,708 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 0.4% 3 Month 1.2% 6 Month 2.4% 1 Year 5% 3 Year 6.3% 5 Year 6.5% 10 Year 15 Year Since launch 7.7% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Bhupesh Kalyani 1 Feb 17 3.92 Yr. Data below for IDBI Ultra Short Term Fund as on 30 Nov 20
Asset Allocation
Asset Class Value Cash 57.51% Debt 42.49% Debt Sector Allocation
Sector Value Cash Equivalent 38.07% Corporate 31.56% Government 30.36% Credit Quality
Rating Value AA 21.08% AAA 78.92% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 DTB 22042021
Sovereign Bonds | -13% ₹50 Cr 5,000,000 364 DTB 29072021
Sovereign Bonds | -13% ₹49 Cr 5,000,000 Punjab National Bank
Debentures | -5% ₹17 Cr 1,700,000 Vedanta Limited
Debentures | -3% ₹11 Cr 1,120,000 Bank of Baroda
Debentures | -2% ₹8 Cr 820,000 J.K.Cement Limited
Debentures | -2% ₹8 Cr 2,500,000 The Tata Power Company Limited
Debentures | -2% ₹7 Cr 700,000 Hindalco Industries Limited
Debentures | -1% ₹5 Cr 450,000 Axis Bank Limited
Debentures | -1% ₹4 Cr 370,000 ICICI Bank Limited
Debentures | -1% ₹3 Cr 330,000
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