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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 May 17, 2022 , 1591 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
Nippon India Ultra Short Duration Fund Growth ₹3,287.66
↑ 0.87
₹4,985 100 0.61.77.34.37.85.04%4M 22D5M 21D
UTI Ultra Short Term Fund Growth ₹3,464.64
↑ 0.30
₹2,506 500 0.51.45.84.36.14.65%4M 15D4M 20D
IDBI Ultra Short Term Fund Growth ₹2,258.78
↑ 0.18
₹257 500 0.61.53.75.43.94.45%4M 11D4M 30D
Aditya Birla Sun Life Savings Fund Growth ₹440.942
↑ 0.09
₹16,109 1,000 0.61.73.75.83.95.04%5M 26D6M
ICICI Prudential Ultra Short Term Fund Growth ₹22.4713
↑ 0.00
₹13,266 1,000 0.61.63.65.644.61%3M 4D3M 25D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 May 22

*Above is list of best Ultra-Short funds are having AUM/Net Assets above 100 Crore. Sorted on Last 1 Year Return.

1. 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 (19 May 22) ₹3,287.66 ↑ 0.87   (0.03 %)
Net Assets (Cr) ₹4,985 on 30 Apr 22
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.09
Sharpe Ratio 1.46
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 5.04%
Effective Maturity 5 Months 21 Days
Modified Duration 4 Months 22 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,598
30 Apr 19₹11,303
30 Apr 20₹11,353
30 Apr 21₹11,969
30 Apr 22₹12,878

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 19 May 22

DurationReturns
1 Month 0.1%
3 Month 0.6%
6 Month 1.7%
1 Year 7.3%
3 Year 4.3%
5 Year 5.1%
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 138.59 Yr.
Kinjal Desai25 May 183.94 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 30 Apr 22

Asset Allocation
Asset ClassValue
Cash53.85%
Debt46.15%
Debt Sector Allocation
SectorValue
Corporate41.89%
Cash Equivalent39.36%
Government18.76%
Credit Quality
RatingValue
AA25.73%
AAA74.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 15092022
Sovereign Bonds | -
4%₹222 Cr22,500,000
HDB Financial Services Limited
Debentures | -
3%₹161 Cr1,500
↑ 1,500
Tata Realty And Infrastructure Limited 6.24%
Debentures | -
3%₹150 Cr1,500
↑ 1,500
182 Dtb 11082022
Sovereign Bonds | -
3%₹148 Cr15,000,000
Piramal Enterprises Ltd.
Debentures | -
3%₹146 Cr3,000
↑ 3,000
Reliance Industries Limited
Debentures | -
2%₹103 Cr1,000
Shriram Housing Finance Company Limited
Debentures | -
2%₹101 Cr1,000
HDFC Bank Ltd
Debentures | -
2%₹98 Cr2,000
↑ 2,000
Reliance Industries Limited
Debentures | -
2%₹86 Cr850
Piramal Capital & Housing Finance Limited
Debentures | -
2%₹76 Cr750,000
↑ 500,000

2. UTI Ultra Short Term Fund

(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 CAGR/Annualized return of 6.9% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2021 was 6.1% , 2020 was 5.3% and 2019 was 3.3% .

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund
Growth
Launch Date 29 Aug 03
NAV (19 May 22) ₹3,464.64 ↑ 0.30   (0.01 %)
Net Assets (Cr) ₹2,506 on 30 Apr 22
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.96
Sharpe Ratio 0.95
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 4.65%
Effective Maturity 4 Months 20 Days
Modified Duration 4 Months 15 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,637
30 Apr 19₹11,416
30 Apr 20₹11,707
30 Apr 21₹12,255
30 Apr 22₹13,007

UTI 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 UTI 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 19 May 22

DurationReturns
1 Month 0%
3 Month 0.5%
6 Month 1.4%
1 Year 5.8%
3 Year 4.3%
5 Year 5.3%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2021 6.1%
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%
Fund Manager information for UTI Ultra Short Term Fund
NameSinceTenure
Ritesh Nambiar1 Jul 156.84 Yr.

Data below for UTI Ultra Short Term Fund as on 30 Apr 22

Asset Allocation
Asset ClassValue
Cash54.42%
Debt45.58%
Debt Sector Allocation
SectorValue
Cash Equivalent46.44%
Corporate37.66%
Government15.9%
Credit Quality
RatingValue
AA22.85%
AAA77.15%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 04082022
Sovereign Bonds | -
7%₹148 Cr1,500,000,000
↑ 1,000,000,000
8.15% Govt Stock 2022
Sovereign Bonds | -
5%₹116 Cr1,150,000,000
TATA Steel Limited
Debentures | -
5%₹102 Cr550
India (Republic of)
Sovereign Bonds | -
5%₹99 Cr1,000,000,000
The Tata Power Company Limited
Debentures | -
3%₹71 Cr700
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
3%₹60 Cr500
Rural Electrification Corporation Limited
Debentures | -
3%₹56 Cr545
Rural Electrification Corporation Limited
Debentures | -
2%₹51 Cr510
National Bank For Agriculture And Rural Development
Debentures | -
2%₹50 Cr500
LIC Housing Finance Limited
Debentures | -
2%₹50 Cr500

3. 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 7.2% 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 (19 May 22) ₹2,258.78 ↑ 0.18   (0.01 %)
Net Assets (Cr) ₹257 on 15 May 22
Category Debt - Ultrashort Bond
AMC IDBI Asset Management Limited
Rating
Risk Moderately Low
Expense Ratio 0.64
Sharpe Ratio 0.79
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 4.45%
Effective Maturity 4 Months 30 Days
Modified Duration 4 Months 11 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,604
30 Apr 19₹11,381
30 Apr 20₹12,002
30 Apr 21₹12,615
30 Apr 22₹13,123

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 19 May 22

DurationReturns
1 Month 0.1%
3 Month 0.6%
6 Month 1.5%
1 Year 3.7%
3 Year 5.4%
5 Year 5.5%
10 Year
15 Year
Since launch 7.2%
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
Bhupesh Kalyani1 Feb 175.24 Yr.

Data below for IDBI Ultra Short Term Fund as on 15 May 22

Asset Allocation
Asset ClassValue
Cash73.64%
Debt26.36%
Debt Sector Allocation
SectorValue
Cash Equivalent44.9%
Government37.45%
Corporate17.64%
Credit Quality
RatingValue
AA2.47%
AAA97.53%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 Dtb 07072022
Sovereign Bonds | -
16%₹55 Cr5,500,000
↑ 5,500,000
182 Dtb 21072022
Sovereign Bonds | -
14%₹49 Cr5,000,000
India (Republic of)
Sovereign Bonds | -
7%₹25 Cr2,500,000
182 Dtb 08092022
Sovereign Bonds | -
7%₹25 Cr2,500,000
Steel Authority Of India Limited
Debentures | -
2%₹5 Cr520,000
↑ 520,000
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 | -
0%₹2 Cr150,000
Godrej Properties Limited
Debentures | -
0%₹2 Cr150,000

4. 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 7.5% 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 (19 May 22) ₹440.942 ↑ 0.09   (0.02 %)
Net Assets (Cr) ₹16,109 on 15 May 22
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.47
Sharpe Ratio 1.84
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 5.04%
Effective Maturity 6 Months
Modified Duration 5 Months 26 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,692
30 Apr 19₹11,579
30 Apr 20₹12,436
30 Apr 21₹13,245
30 Apr 22₹13,782

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 19 May 22

DurationReturns
1 Month 0%
3 Month 0.6%
6 Month 1.7%
1 Year 3.7%
3 Year 5.8%
5 Year 6.5%
10 Year
15 Year
Since launch 7.5%
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 147.88 Yr.
Kaustubh Gupta15 Jul 1110.8 Yr.
Monika Gandhi22 Mar 211.11 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 15 May 22

Asset Allocation
Asset ClassValue
Cash64.1%
Debt35.9%
Debt Sector Allocation
SectorValue
Corporate42.72%
Cash Equivalent37.34%
Government19.94%
Credit Quality
RatingValue
AA13.01%
AAA86.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Limited
Debentures | -
4%₹602 Cr6,000
182 Dtb 08092022
Sovereign Bonds | -
2%₹394 Cr40,000,000
8.15% Govt Stock 2022
Sovereign Bonds | -
2%₹296 Cr29,500,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹280 Cr2,750
Indusind Bank Limited
Debentures | -
2%₹269 Cr5,500
↑ 5,500
Reliance Industries Limited
Debentures | -
2%₹258 Cr2,500
Housing Development Finance Corporation Limited
Debentures | -
2%₹246 Cr2,450
08.21 HR UDAY 2023
Domestic Bonds | -
1%₹236 Cr23,000,000
08.24 GJ Sdl 2023
Sovereign Bonds | -
1%₹216 Cr21,000,000
08.18 HR UDAY 2022
Domestic Bonds | -
1%₹211 Cr21,000,000

5. 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 7.6% 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 (19 May 22) ₹22.4713 ↑ 0.00   (0.01 %)
Net Assets (Cr) ₹13,266 on 30 Apr 22
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.99
Sharpe Ratio 1.51
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 3 Months 25 Days
Modified Duration 3 Months 4 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,679
30 Apr 19₹11,519
30 Apr 20₹12,360
30 Apr 21₹13,143
30 Apr 22₹13,646

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 19 May 22

DurationReturns
1 Month 0.1%
3 Month 0.6%
6 Month 1.6%
1 Year 3.6%
3 Year 5.6%
5 Year 6.3%
10 Year
15 Year
Since launch 7.6%
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 165.46 Yr.
Ritesh Lunawat15 Jun 174.88 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 30 Apr 22

Asset Allocation
Asset ClassValue
Cash69.48%
Debt30.52%
Debt Sector Allocation
SectorValue
Cash Equivalent58.55%
Corporate33.84%
Government7.6%
Credit Quality
RatingValue
A1.1%
AA22.05%
AAA76.85%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
6%₹825 Cr8,250
↑ 2,000
91 Dtb 13072022
Sovereign Bonds | -
3%₹495 Cr50,000,000
↑ 50,000,000
Nabha Power Limited
Debentures | -
3%₹450 Cr4,500
The Tata Power Company Limited
Debentures | -
1%₹212 Cr2,084
Shriram Transport Finance Company Limited
Debentures | -
1%₹204 Cr2,000
LIC Housing Finance Limited
Debentures | -
1%₹197 Cr1,950
↑ 1,000
Rec Limited
Debentures | -
1%₹166 Cr1,650
LIC Housing Finance Limited
Debentures | -
1%₹161 Cr1,600
Embassy Office Parks Reit
Debentures | -
1%₹152 Cr1,500
Housing Development Finance Corporation Ltd
Debentures | -
1%₹152 Cr1,500

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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