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5 Best Performing Ultra Short Term Debt Funds for SIP 2023 | Fincash.com

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5 Best Ultra Short Term Debt Funds for SIP 2023

Updated on January 25, 2023 , 1927 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 23 - 24

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Savings Fund Growth ₹458.362
↑ 0.17
₹14,948 1,000 1.72.94.95.24.87.4%5M 19D6M 4D
IDBI Ultra Short Term Fund Growth ₹2,345.64
↑ 0.80
₹205 500 1.62.94.74.54.56.89%4M 14D5M 9D
ICICI Prudential Ultra Short Term Fund Growth ₹23.3251
↑ 0.01
₹12,472 1,000 1.62.94.754.57.32%4M 10D5M 1D
Nippon India Ultra Short Duration Fund Growth ₹3,410.69
↑ 1.34
₹4,714 100 1.62.84.75.74.67.49%5M 4D5M 29D
Kotak Savings Fund Growth ₹36.2493
↑ 0.01
₹12,060 1,000 1.62.84.64.54.57.25%4M 6D6M 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.

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 2022 was 4.8% , 2021 was 3.9% and 2020 was 7% .

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 (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.

DateValue
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

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 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Sunaina Cunha14 Jun 148.56 Yr.
Kaustubh Gupta15 Jul 1111.47 Yr.
Monika Gandhi22 Mar 211.78 Yr.

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

Asset Allocation
Asset ClassValue
Cash60.09%
Debt39.91%
Debt Sector Allocation
SectorValue
Corporate50.04%
Cash Equivalent29.26%
Government20.7%
Credit Quality
RatingValue
AA18.37%
AAA81.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Ltd
Debentures | -
4%₹598 Cr6,000
Bharti Telecom Limited
Debentures | -
2%₹325 Cr3,250
7.37% Govt Stock 2023
Sovereign Bonds | -
2%₹279 Cr27,800,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹278 Cr2,750
Reliance Industries Limited
Debentures | -
2%₹253 Cr2,500
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹249 Cr2,500
08.54 MH Sdl 2023
Sovereign Bonds | -
2%₹246 Cr24,500,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹244 Cr2,450
08.21 HR UDAY 2023
Domestic Bonds | -
2%₹236 Cr23,500,000
08.39 RJ UDAY 2023
Domestic Bonds | -
1%₹216 Cr21,477,000

2. 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 2022 was 4.5% , 2021 was 3.9% and 2020 was 5.1% .

Below is the key information for IDBI Ultra Short Term Fund

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.

DateValue
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

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 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Raju Sharma7 Sep 220.32 Yr.

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

Asset Allocation
Asset ClassValue
Cash73.58%
Debt26.42%
Debt Sector Allocation
SectorValue
Cash Equivalent47.84%
Corporate29.58%
Government22.58%
Credit Quality
RatingValue
AA9.3%
AAA90.7%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 12012023
Sovereign Bonds | -
11%₹25 Cr2,500,000
364 DTB 12102023
Sovereign Bonds | -
11%₹24 Cr2,500,000
SBM Bank (India) Ltd.
Debentures | -
7%₹14 Cr1,500,000
↑ 1,500,000
Steel Authority Of India Limited
Debentures | -
2%₹5 Cr520,000
Godrej Properties Limited
Debentures | -
2%₹5 Cr500,000
Chennai Petroleum Corporation Ltd.
Debentures | -
2%₹4 Cr380,000
↑ 180,000
Udaipur Cement Wor
Debentures | -
1%₹3 Cr250,000
JSW Steel Limited
Debentures | -
1%₹2 Cr150,000
TATA Motors Limited
Debentures | -
1%₹1 Cr150,000
Piramal Capital & Housing Finance Limited
Debentures | -
0%₹1 Cr105,700

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 2022 was 4.5% , 2021 was 4% and 2020 was 6.5% .

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 (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.

DateValue
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

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 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Manish Banthia15 Nov 166.13 Yr.
Ritesh Lunawat15 Jun 175.55 Yr.

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

Asset Allocation
Asset ClassValue
Cash71.92%
Debt28.08%
Debt Sector Allocation
SectorValue
Cash Equivalent48.26%
Corporate36.95%
Government14.79%
Credit Quality
RatingValue
A1.09%
AA17.65%
AAA81.26%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
5%₹572 Cr5,750
Housing Development Finance Corporation Ltd
Debentures | -
4%₹420 Cr4,200
National Bank For Agriculture And Rural Development
Debentures | -
3%₹325 Cr3,250
Housing Development Finance Corporation Ltd
Debentures | -
3%₹309 Cr3,100
Shriram Transport Finance Company Limited
Debentures | -
2%₹201 Cr2,000
Ongc Petro Additions Limited
Debentures | -
2%₹190 Cr1,900
LIC Housing Finance Limited
Debentures | -
1%₹175 Cr1,750
BRakes India Private Limited
Debentures | -
1%₹155 Cr1,550
Mahindra Rural Housing Finance Limited
Debentures | -
1%₹150 Cr1,500
↑ 1,500
National Bank For Agriculture And Rural Development
Debentures | -
1%₹149 Cr1,500

4. 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 2022 was 4.6% , 2021 was 7.8% and 2020 was 4.9% .

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 (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.

DateValue
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

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 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Vivek Sharma1 Oct 139.26 Yr.
Kinjal Desai25 May 184.61 Yr.

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

Asset Allocation
Asset ClassValue
Cash71.53%
Debt28.47%
Debt Sector Allocation
SectorValue
Corporate50.87%
Cash Equivalent39.42%
Government9.71%
Credit Quality
RatingValue
AA25.69%
AAA74.31%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
The Tata Power Company Limited
Debentures | -
3%₹165 Cr1,650
Tata Realty And Infrastructure Limited
Debentures | -
3%₹149 Cr1,500
91 DTB 09022023
Sovereign Bonds | -
3%₹134 Cr13,500,000
↓ -1,500,000
Bharti Telecom Limited
Debentures | -
2%₹125 Cr1,250
↑ 1,250
Reliance Industries Limited
Debentures | -
2%₹101 Cr1,000
08.39 RJ UDAY 2024
Domestic Bonds | -
2%₹101 Cr10,000,000
Shriram Housing Finance Limited
Debentures | -
2%₹101 Cr1,000
National Housing Bank
Debentures | -
2%₹100 Cr1,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹90 Cr900
Bharti Telecom Limited
Debentures | -
1%₹76 Cr750

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 2022 was 4.5% , 2021 was 3.2% and 2020 was 5.8% .

Below is the key information for Kotak Savings Fund

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.

DateValue
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

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 27 Jan 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Deepak Agrawal15 Apr 0814.72 Yr.
Vihag Mishra30 Apr 220.67 Yr.
Manu Sharma1 Nov 220.17 Yr.

Data below for Kotak Savings Fund as on 31 Dec 22

Asset Allocation
Asset ClassValue
Cash69%
Debt31%
Debt Sector Allocation
SectorValue
Corporate38.74%
Cash Equivalent37.38%
Government23.88%
Credit Quality
RatingValue
AA12.01%
AAA87.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 09032023
Sovereign Bonds | -
4%₹493 Cr50,000,000
182 DTB 16032023
Sovereign Bonds | -
4%₹492 Cr50,000,000
182 DTB 01062023
Sovereign Bonds | -
4%₹485 Cr50,000,000
Canara Bank
Domestic Bonds | -
2%₹290 Cr30,000
↑ 30,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹248 Cr2,450
182 DTB 23032023
Sovereign Bonds | -
2%₹216 Cr21,999,940
The Tata Power Company Limited
Debentures | -
2%₹200 Cr2,000
Bank of Baroda
Debentures | -
2%₹193 Cr20,000
↑ 20,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹174 Cr1,750
Tata Capital Housing Finance Limited
Debentures | -
1%₹171 Cr1,700

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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