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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 Nippon India Ultra Short Duration Fund Growth ₹3,197.25
↑ 0.30 ₹1,238 100 4.6 5.9 9.5 5.1 4.9 5.32% 5M 5D 6M 27D ICICI Prudential Ultra Short Term Fund Growth ₹21.8696
↑ 0.00 ₹10,338 1,000 1.1 2.2 4.8 7 6.5 4.72% 4M 24D 6M Aditya Birla Sun Life Savings Fund Growth ₹428.858
↑ 0.04 ₹18,789 1,000 1.1 2.2 4.7 7.1 7 4.35% 6M 7D 6M 14D IDBI Ultra Short Term Fund Growth ₹2,190.98
↑ 0.27 ₹389 500 0.9 1.6 4 5.7 5.1 0% UTI Ultra Short Term Fund Growth ₹3,295.03
↑ 0.38 ₹2,106 2,500 0.8 1.7 3.8 4.5 5.3 4.16% 5M 9D 6M 4D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Jul 21
*Above is list of best Ultra-Short funds are having AUM/Net Assets above 100 Crore. Sorted on Last 1 Year Return.
(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 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 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 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. Nippon India Ultra Short Duration Fund
CAGR/Annualized return of 6.1% 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 (28 Jul 21) ₹3,197.25 ↑ 0.30 (0.01 %) Net Assets (Cr) ₹1,238 on 30 Jun 21 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.09 Sharpe Ratio 1.08 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 5.32% Effective Maturity 6 Months 27 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 16 ₹10,000 30 Jun 17 ₹10,597 30 Jun 18 ₹11,253 30 Jun 19 ₹11,866 30 Jun 20 ₹12,098 30 Jun 21 ₹12,778 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 21 Duration Returns 1 Month 2.8% 3 Month 4.6% 6 Month 5.9% 1 Year 9.5% 3 Year 5.1% 5 Year 5.5% 10 Year 15 Year Since launch 6.1% 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 7.75 Yr. Kinjal Desai 25 May 18 3.1 Yr. Data below for Nippon India Ultra Short Duration Fund as on 30 Jun 21
Asset Allocation
Asset Class Value Cash 38.2% Debt 61.8% Debt Sector Allocation
Sector Value Corporate 41.4% Cash Equivalent 34.26% Government 20.3% Securitized 4.04% Credit Quality
Rating Value A 3.46% AA 24.67% AAA 71.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.35% Govt Stock 2022
Sovereign Bonds | -8% ₹104 Cr 10,000,000
↑ 10,000,000 182 DTB 02122021
Sovereign Bonds | -8% ₹98 Cr 10,000,000
↑ 10,000,000 Piramal Capital & Housing Finance Limited
Debentures | -4% ₹55 Cr 675
↑ 675 Mobil Trust Series 19
Unlisted bonds | -4% ₹50 Cr 500,000,000
↑ 500,000,000 182 DTB 25112021
Sovereign Bonds | -4% ₹49 Cr 5,000,000
↑ 5,000,000 India Grid Trust
Debentures | -4% ₹48 Cr 400
↑ 400 Shriram Transport Finance Company Limited
Debentures | -4% ₹45 Cr 450
↑ 450 Bajaj Housing Finance Limited
Debentures | -3% ₹41 Cr 400
↑ 400 Indinfravit Trust
Debentures | -3% ₹40 Cr 400
↑ 400 Ahmedabad-Maliya Tollway Limited
Debentures | -3% ₹38 Cr 380
↑ 380 2. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.9% 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 (28 Jul 21) ₹21.8696 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹10,338 on 30 Jun 21 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.96 Sharpe Ratio 3.53 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 4.72% Effective Maturity 6 Months Modified Duration 4 Months 24 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 16 ₹10,000 30 Jun 17 ₹10,907 30 Jun 18 ₹11,612 30 Jun 19 ₹12,571 30 Jun 20 ₹13,559 30 Jun 21 ₹14,240 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 21 Duration Returns 1 Month 0.4% 3 Month 1.1% 6 Month 2.2% 1 Year 4.8% 3 Year 7% 5 Year 7.2% 10 Year 15 Year Since launch 7.9% 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 4.62 Yr. Ritesh Lunawat 15 Jun 17 4.04 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 30 Jun 21
Asset Allocation
Asset Class Value Cash 49.41% Debt 50.59% Debt Sector Allocation
Sector Value Corporate 42.93% Cash Equivalent 42.47% Government 14.6% Credit Quality
Rating Value A 2.29% AA 31.49% AAA 66.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 19082021
Sovereign Bonds | -6% ₹622 Cr 62,500,000
↑ 62,500,000 182 DTB 09122021
Sovereign Bonds | -5% ₹492 Cr 50,000,000
↑ 50,000,000 182 DTB 16122021
Sovereign Bonds | -5% ₹492 Cr 50,000,000
↑ 50,000,000 Embassy Office Parks Reit
Debentures | -3% ₹356 Cr 2,887
↑ 2,887 182 DTB 23122021
Sovereign Bonds | -3% ₹295 Cr 30,000,000
↑ 30,000,000 Talwandi Sabo Power Limited
Debentures | -2% ₹237 Cr 2,362
↑ 2,362 The Tata Power Company Limited
Debentures | -2% ₹221 Cr 2,084
↑ 2,084 Housing Development Finance Corporation Limited
Debentures | -2% ₹215 Cr 2,130
↑ 2,130 Reliance Ports and Terminals Limited
Debentures | -2% ₹204 Cr 2,019
↑ 2,019 Manappuram Finance Limited
Debentures | -2% ₹203 Cr 2,000
↑ 2,000 3. Aditya Birla Sun Life Savings Fund
CAGR/Annualized return of 7.6% 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 (28 Jul 21) ₹428.858 ↑ 0.04 (0.01 %) Net Assets (Cr) ₹18,789 on 30 Jun 21 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.39 Sharpe Ratio 2.49 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 4.35% Effective Maturity 6 Months 14 Days Modified Duration 6 Months 7 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 16 ₹10,000 30 Jun 17 ₹10,854 30 Jun 18 ₹11,577 30 Jun 19 ₹12,567 30 Jun 20 ₹13,608 30 Jun 21 ₹14,267 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 21 Duration Returns 1 Month 0.4% 3 Month 1.1% 6 Month 2.2% 1 Year 4.7% 3 Year 7.1% 5 Year 7.2% 10 Year 15 Year Since launch 7.6% 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 6.72 Yr. Kaustubh Gupta 15 Jul 11 9.97 Yr. Monika Gandhi 22 Mar 21 0.27 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 30 Jun 21
Asset Allocation
Asset Class Value Cash 42.1% Debt 57.9% Debt Sector Allocation
Sector Value Corporate 45.27% Cash Equivalent 28.71% Government 26.02% Credit Quality
Rating Value AA 11.84% AAA 88.16% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.79% Govt Stock 2021
Sovereign Bonds | -12% ₹2,169 Cr 213,100,000
↑ 213,100,000 Reliance Industries Limited
Debentures | -4% ₹761 Cr 7,401
↑ 7,401 8.83% Govt Stock 2023
Sovereign Bonds | -3% ₹522 Cr 48,000,000
↑ 48,000,000 Citicorp Finance (India) Limited
Debentures | -3% ₹501 Cr 5,000
↑ 5,000 REC Limited
Debentures | -2% ₹328 Cr 3,200
↑ 3,200 Rural Electrification Corporation Limited
Debentures | -2% ₹319 Cr 3,150
↑ 3,150 Shriram Transport Finance Company Limited
Debentures | -1% ₹276 Cr 2,750
↑ 2,750 8.21% HR SDL Spl 2023
Domestic Bonds | -1% ₹243 Cr 23,000,000
↑ 23,000,000 Muthoot Finance Limited
Debentures | -1% ₹240 Cr 2,350
↑ 2,350 Rural Electrification Corporation Limited
Debentures | -1% ₹227 Cr 2,250
↑ 2,250 4. IDBI Ultra Short Term Fund
CAGR/Annualized return of 7.5% 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 (28 Jul 21) ₹2,190.98 ↑ 0.27 (0.01 %) Net Assets (Cr) ₹389 on 30 Jun 21 Category Debt - Ultrashort Bond AMC IDBI Asset Management Limited Rating ☆ Risk Moderately Low Expense Ratio 0.73 Sharpe Ratio 1.67 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 30 Jun 16 ₹10,000 30 Jun 17 ₹10,683 30 Jun 18 ₹11,330 30 Jun 19 ₹11,608 30 Jun 20 ₹12,857 30 Jun 21 ₹13,409 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 21 Duration Returns 1 Month 0.3% 3 Month 0.9% 6 Month 1.6% 1 Year 4% 3 Year 5.7% 5 Year 5.9% 10 Year 15 Year Since launch 7.5% 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 4.41 Yr. Data below for IDBI Ultra Short Term Fund as on 30 Jun 21
Asset Allocation
Asset Class Value Cash 40.83% Debt 59.17% Debt Sector Allocation
Sector Value Government 56.84% Cash Equivalent 40.83% Corporate 2.33% Credit Quality
Rating Value AA 2.95% AAA 97.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 09122021
Sovereign Bonds | -25% ₹98 Cr 10,000,000
↑ 10,000,000 182 DTB 12112021
Sovereign Bonds | -13% ₹49 Cr 5,000,000
↑ 5,000,000 182 DTB 25112021
Sovereign Bonds | -6% ₹25 Cr 2,500,000
↑ 2,500,000 182 DTB 23122021
Sovereign Bonds | -6% ₹25 Cr 2,500,000
↑ 2,500,000 182 DTB 16122021
Sovereign Bonds | -5% ₹20 Cr 2,000,000
↑ 2,000,000 Punjab National Bank
Debentures | -1% ₹5 Cr 450,000
↑ 450,000 The Tata Power Company Limited
Debentures | -1% ₹2 Cr 200,000
↑ 200,000 Chennai Petroleum Corporation Limited
Debentures | -1% ₹2 Cr 200,000
↑ 200,000 REC Limited
Debentures | -1% ₹2 Cr 200,000
↑ 200,000 JSW Steel Limited
Debentures | -0% ₹2 Cr 150,000
↑ 150,000 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 (28 Jul 21) ₹3,295.03 ↑ 0.38 (0.01 %) Net Assets (Cr) ₹2,106 on 30 Jun 21 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio 1.26 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,500 Exit Load NIL Yield to Maturity 4.16% Effective Maturity 6 Months 4 Days Modified Duration 5 Months 9 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 16 ₹10,000 30 Jun 17 ₹10,803 30 Jun 18 ₹11,479 30 Jun 19 ₹11,875 30 Jun 20 ₹12,651 30 Jun 21 ₹13,152 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 21 Duration Returns 1 Month 0.3% 3 Month 0.8% 6 Month 1.7% 1 Year 3.8% 3 Year 4.5% 5 Year 5.5% 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 6 Yr. Ritesh Nambiar 1 Jul 15 6 Yr. Data below for UTI Ultra Short Term Fund as on 30 Jun 21
Asset Allocation
Asset Class Value Cash 56.11% Debt 43.89% Debt Sector Allocation
Sector Value Corporate 40.41% Cash Equivalent 39.61% Government 19.99% Credit Quality
Rating Value A 3.21% AA 13.9% AAA 82.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity 91 DTB 15072021
Sovereign Bonds | -9% ₹200 Cr 2,000,000,000
↑ 2,000,000,000 8.20% Govt Stock 2022
Sovereign Bonds | -6% ₹118 Cr 1,150,000,000
↑ 1,150,000,000 182 DTB 02122021
Sovereign Bonds | -5% ₹98 Cr 1,000,000,000
↑ 1,000,000,000 6.17% Govt Stock 2021
Sovereign Bonds | -5% ₹95 Cr 950,000,000
↑ 950,000,000 Hindalco Industries Limited
Debentures | -4% ₹78 Cr 750
↑ 750 Avanse Financial Services Limited
Debentures | -3% ₹65 Cr 650
↑ 650 Reliance Industries Limited
Debentures | -2% ₹51 Cr 500
↑ 500 Housing Development Finance Corporation Limited
Debentures | -2% ₹51 Cr 500
↑ 500 Power Finance Corporation Limited
Debentures | -2% ₹50 Cr 500
↑ 500 91 DTB 26082021
Sovereign Bonds | -2% ₹50 Cr 500,000,000
↑ 500,000,000
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