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5 Best Ultra Short Term Debt Funds for SIP 2023
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 23 - 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹458.362
↑ 0.17 ₹14,948 1,000 1.7 2.9 4.9 5.2 4.8 7.4% 5M 19D 6M 4D IDBI Ultra Short Term Fund Growth ₹2,345.64
↑ 0.80 ₹205 500 1.6 2.9 4.7 4.5 4.5 6.89% 4M 14D 5M 9D ICICI Prudential Ultra Short Term Fund Growth ₹23.3251
↑ 0.01 ₹12,472 1,000 1.6 2.9 4.7 5 4.5 7.32% 4M 10D 5M 1D Nippon India Ultra Short Duration Fund Growth ₹3,410.69
↑ 1.34 ₹4,714 100 1.6 2.8 4.7 5.7 4.6 7.49% 5M 4D 5M 29D Kotak Savings Fund Growth ₹36.2493
↑ 0.01 ₹12,060 1,000 1.6 2.8 4.6 4.5 4.5 7.25% 4M 6D 6M 14D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
*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 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 (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 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 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 1. Aditya Birla Sun Life Savings Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 6 in Ultrashort Bond category. Return for 2022 was 4.8% , 2021 was 3.9% and 2020 was 7% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (27 Jan 23) ₹458.362 ↑ 0.17 (0.04 %) Net Assets (Cr) ₹14,948 on 31 Dec 22 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.49 Sharpe Ratio -0.52 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.4% Effective Maturity 6 Months 4 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,763 31 Dec 19 ₹11,674 31 Dec 20 ₹12,493 31 Dec 21 ₹12,980 31 Dec 22 ₹13,597 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 2.9% 1 Year 4.9% 3 Year 5.2% 5 Year 6.4% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.8% 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% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 14 Jun 14 8.56 Yr. Kaustubh Gupta 15 Jul 11 11.47 Yr. Monika Gandhi 22 Mar 21 1.78 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 60.09% Debt 39.91% Debt Sector Allocation
Sector Value Corporate 50.04% Cash Equivalent 29.26% Government 20.7% Credit Quality
Rating Value AA 18.37% AAA 81.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity Housing Development Finance Corporation Ltd
Debentures | -4% ₹598 Cr 6,000 Bharti Telecom Limited
Debentures | -2% ₹325 Cr 3,250 7.37% Govt Stock 2023
Sovereign Bonds | -2% ₹279 Cr 27,800,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹278 Cr 2,750 Reliance Industries Limited
Debentures | -2% ₹253 Cr 2,500 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -2% ₹249 Cr 2,500 08.54 MH Sdl 2023
Sovereign Bonds | -2% ₹246 Cr 24,500,000 Housing Development Finance Corporation Ltd
Debentures | -2% ₹244 Cr 2,450 08.21 HR UDAY 2023
Domestic Bonds | -2% ₹236 Cr 23,500,000 08.39 RJ UDAY 2023
Domestic Bonds | -1% ₹216 Cr 21,477,000 2. IDBI Ultra Short Term Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 78 in Ultrashort Bond category. Return for 2022 was 4.5% , 2021 was 3.9% and 2020 was 5.1% . IDBI Ultra Short Term Fund
Growth Launch Date 3 Sep 10 NAV (27 Jan 23) ₹2,345.64 ↑ 0.80 (0.03 %) Net Assets (Cr) ₹205 on 31 Dec 22 Category Debt - Ultrashort Bond AMC IDBI Asset Management Limited Rating ☆ Risk Moderately Low Expense Ratio 0.6 Sharpe Ratio -1.62 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.89% Effective Maturity 5 Months 9 Days Modified Duration 4 Months 14 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,691 31 Dec 19 ₹11,428 31 Dec 20 ₹12,013 31 Dec 21 ₹12,487 31 Dec 22 ₹13,051 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 2.9% 1 Year 4.7% 3 Year 4.5% 5 Year 5.5% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.5% 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% Fund Manager information for IDBI Ultra Short Term Fund
Name Since Tenure Raju Sharma 7 Sep 22 0.32 Yr. Data below for IDBI Ultra Short Term Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 73.58% Debt 26.42% Debt Sector Allocation
Sector Value Cash Equivalent 47.84% Corporate 29.58% Government 22.58% Credit Quality
Rating Value AA 9.3% AAA 90.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity 91 DTB 12012023
Sovereign Bonds | -11% ₹25 Cr 2,500,000 364 DTB 12102023
Sovereign Bonds | -11% ₹24 Cr 2,500,000 SBM Bank (India) Ltd.
Debentures | -7% ₹14 Cr 1,500,000
↑ 1,500,000 Steel Authority Of India Limited
Debentures | -2% ₹5 Cr 520,000 Godrej Properties Limited
Debentures | -2% ₹5 Cr 500,000 Chennai Petroleum Corporation Ltd.
Debentures | -2% ₹4 Cr 380,000
↑ 180,000 Udaipur Cement Wor
Debentures | -1% ₹3 Cr 250,000 JSW Steel Limited
Debentures | -1% ₹2 Cr 150,000 TATA Motors Limited
Debentures | -1% ₹1 Cr 150,000 Piramal Capital & Housing Finance Limited
Debentures | -0% ₹1 Cr 105,700 3. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2022 was 4.5% , 2021 was 4% and 2020 was 6.5% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (27 Jan 23) ₹23.3251 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹12,472 on 31 Dec 22 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.93 Sharpe Ratio -1.49 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 7.32% Effective Maturity 5 Months 1 Day Modified Duration 4 Months 10 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,749 31 Dec 19 ₹11,656 31 Dec 20 ₹12,417 31 Dec 21 ₹12,915 31 Dec 22 ₹13,501 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 2.9% 1 Year 4.7% 3 Year 5% 5 Year 6.2% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.5% 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% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 6.13 Yr. Ritesh Lunawat 15 Jun 17 5.55 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 71.92% Debt 28.08% Debt Sector Allocation
Sector Value Cash Equivalent 48.26% Corporate 36.95% Government 14.79% Credit Quality
Rating Value A 1.09% AA 17.65% AAA 81.26% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -5% ₹572 Cr 5,750 Housing Development Finance Corporation Ltd
Debentures | -4% ₹420 Cr 4,200 National Bank For Agriculture And Rural Development
Debentures | -3% ₹325 Cr 3,250 Housing Development Finance Corporation Ltd
Debentures | -3% ₹309 Cr 3,100 Shriram Transport Finance Company Limited
Debentures | -2% ₹201 Cr 2,000 Ongc Petro Additions Limited
Debentures | -2% ₹190 Cr 1,900 LIC Housing Finance Limited
Debentures | -1% ₹175 Cr 1,750 BRakes India Private Limited
Debentures | -1% ₹155 Cr 1,550 Mahindra Rural Housing Finance Limited
Debentures | -1% ₹150 Cr 1,500
↑ 1,500 National Bank For Agriculture And Rural Development
Debentures | -1% ₹149 Cr 1,500 4. Nippon India Ultra Short Duration Fund
CAGR/Annualized return of 6% since its launch. Ranked 62 in Ultrashort Bond category. Return for 2022 was 4.6% , 2021 was 7.8% and 2020 was 4.9% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (27 Jan 23) ₹3,410.69 ↑ 1.34 (0.04 %) Net Assets (Cr) ₹4,714 on 31 Dec 22 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.12 Sharpe Ratio -1.02 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.49% Effective Maturity 5 Months 29 Days Modified Duration 5 Months 4 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,732 31 Dec 19 ₹10,826 31 Dec 20 ₹11,353 31 Dec 21 ₹12,236 31 Dec 22 ₹12,797 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 2.8% 1 Year 4.7% 3 Year 5.7% 5 Year 5.1% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.6% 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% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 9.26 Yr. Kinjal Desai 25 May 18 4.61 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 71.53% Debt 28.47% Debt Sector Allocation
Sector Value Corporate 50.87% Cash Equivalent 39.42% Government 9.71% Credit Quality
Rating Value AA 25.69% AAA 74.31% Top Securities Holdings / Portfolio
Name Holding Value Quantity The Tata Power Company Limited
Debentures | -3% ₹165 Cr 1,650 Tata Realty And Infrastructure Limited
Debentures | -3% ₹149 Cr 1,500 91 DTB 09022023
Sovereign Bonds | -3% ₹134 Cr 13,500,000
↓ -1,500,000 Bharti Telecom Limited
Debentures | -2% ₹125 Cr 1,250
↑ 1,250 Reliance Industries Limited
Debentures | -2% ₹101 Cr 1,000 08.39 RJ UDAY 2024
Domestic Bonds | -2% ₹101 Cr 10,000,000 Shriram Housing Finance Limited
Debentures | -2% ₹101 Cr 1,000 National Housing Bank
Debentures | -2% ₹100 Cr 1,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹90 Cr 900 Bharti Telecom Limited
Debentures | -1% ₹76 Cr 750 5. Kotak Savings Fund
CAGR/Annualized return of 7.2% since its launch. Ranked 44 in Ultrashort Bond category. Return for 2022 was 4.5% , 2021 was 3.2% and 2020 was 5.8% . Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (27 Jan 23) ₹36.2493 ↑ 0.01 (0.04 %) Net Assets (Cr) ₹12,060 on 31 Dec 22 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.44 Sharpe Ratio -1.44 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.25% Effective Maturity 6 Months 14 Days Modified Duration 4 Months 6 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,742 31 Dec 19 ₹11,584 31 Dec 20 ₹12,261 31 Dec 21 ₹12,655 31 Dec 22 ₹13,219 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 2.8% 1 Year 4.6% 3 Year 4.5% 5 Year 5.7% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.5% 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% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 14.72 Yr. Vihag Mishra 30 Apr 22 0.67 Yr. Manu Sharma 1 Nov 22 0.17 Yr. Data below for Kotak Savings Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 69% Debt 31% Debt Sector Allocation
Sector Value Corporate 38.74% Cash Equivalent 37.38% Government 23.88% Credit Quality
Rating Value AA 12.01% AAA 87.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 09032023
Sovereign Bonds | -4% ₹493 Cr 50,000,000 182 DTB 16032023
Sovereign Bonds | -4% ₹492 Cr 50,000,000 182 DTB 01062023
Sovereign Bonds | -4% ₹485 Cr 50,000,000 Canara Bank
Domestic Bonds | -2% ₹290 Cr 30,000
↑ 30,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹248 Cr 2,450 182 DTB 23032023
Sovereign Bonds | -2% ₹216 Cr 21,999,940 The Tata Power Company Limited
Debentures | -2% ₹200 Cr 2,000 Bank of Baroda
Debentures | -2% ₹193 Cr 20,000
↑ 20,000 Housing Development Finance Corporation Ltd
Debentures | -2% ₹174 Cr 1,750 Tata Capital Housing Finance Limited
Debentures | -1% ₹171 Cr 1,700
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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