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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 May 24, 2023 , 2066 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 ₹469.638
↑ 0.11
₹14,525 1,000 23.66.45.24.87.56%5M 8D5M 16D
ICICI Prudential Ultra Short Term Fund Growth ₹23.8823
↑ 0.00
₹12,645 1,000 1.93.56.25.14.57.57%4M 17D5M 5D
Kotak Savings Fund Growth ₹37.1208
↑ 0.01
₹10,606 1,000 1.93.56.14.54.57.54%6M 25D9M 18D
IDBI Ultra Short Term Fund Growth ₹2,398.66
↑ 0.45
₹148 500 1.83.36.14.84.57.13%3M 15D4M 4D
Nippon India Ultra Short Duration Fund Growth ₹3,489.8
↑ 0.54
₹5,103 100 1.93.46.16.14.67.62%5M 5D5M 22D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 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 (26 May 23) ₹469.638 ↑ 0.11   (0.02 %)
Net Assets (Cr) ₹14,525 on 30 Apr 23
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.49
Sharpe Ratio -0.55
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.56%
Effective Maturity 5 Months 16 Days
Modified Duration 5 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,830
30 Apr 20₹11,630
30 Apr 21₹12,388
30 Apr 22₹12,890
30 Apr 23₹13,625

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 26 May 23

DurationReturns
1 Month 0.6%
3 Month 2%
6 Month 3.6%
1 Year 6.4%
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 148.88 Yr.
Kaustubh Gupta15 Jul 1111.8 Yr.
Monika Gandhi22 Mar 212.11 Yr.
Dhaval Joshi21 Nov 220.44 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 30 Apr 23

Asset Allocation
Asset ClassValue
Cash61.38%
Debt38.62%
Debt Sector Allocation
SectorValue
Corporate43.74%
Cash Equivalent30.82%
Government25.2%
Securitized0.24%
Credit Quality
RatingValue
AA21.44%
AAA78.56%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 29062023
Sovereign Bonds | -
6%₹855 Cr86,204,130
↓ -5,000,000
Housing Development Finance Corporation Ltd
Debentures | -
4%₹597 Cr6,000
182 DTB 29092023
Sovereign Bonds | -
3%₹487 Cr50,000,000
Hindalco Industries Limited
Debentures | -
2%₹350 Cr35,000
Bharti Telecom Limited
Debentures | -
2%₹325 Cr3,250
Shriram Finance Limited
Debentures | -
2%₹275 Cr2,750
Sikka Ports & Terminals Limited
Debentures | -
2%₹252 Cr2,520
Reliance Industries Limited
Debentures | -
2%₹251 Cr2,500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹250 Cr2,500
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹250 Cr2,500

2. 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 (26 May 23) ₹23.8823 ↑ 0.00   (0.01 %)
Net Assets (Cr) ₹12,645 on 30 Apr 23
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.93
Sharpe Ratio -0.94
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 7.57%
Effective Maturity 5 Months 5 Days
Modified Duration 4 Months 17 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,787
30 Apr 20₹11,574
30 Apr 21₹12,307
30 Apr 22₹12,778
30 Apr 23₹13,502

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 26 May 23

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.5%
1 Year 6.2%
3 Year 5.1%
5 Year 6.3%
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 166.46 Yr.
Ritesh Lunawat15 Jun 175.88 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 30 Apr 23

Asset Allocation
Asset ClassValue
Cash75.14%
Debt24.86%
Debt Sector Allocation
SectorValue
Corporate50.89%
Cash Equivalent39.91%
Government9.2%
Credit Quality
RatingValue
AA18.72%
AAA81.28%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 29062023
Sovereign Bonds | -
5%₹694 Cr70,000,000
182 DTB 06072023
Sovereign Bonds | -
4%₹471 Cr47,500,000
Sikka Ports & Terminals Limited
Debentures | -
3%₹375 Cr3,750
↓ -250
Embassy Office Parks Reit
Debentures | -
2%₹272 Cr2,750
National Bank For Agriculture And Rural Development
Debentures | -
2%₹259 Cr2,600
Power Finance Corporation Ltd.
Debentures | -
2%₹244 Cr2,450
Embassy Office Parks Reit
Debentures | -
2%₹200 Cr2,000
Apollo Building Products Private Limited
Debentures | -
2%₹199 Cr20,000
Tata Housing Development Company Limited
Debentures | -
2%₹196 Cr19,500
↓ -500
Ongc Petro Additions Limited
Debentures | -
1%₹190 Cr1,900

3. 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 (26 May 23) ₹37.1208 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹10,606 on 30 Apr 23
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.44
Sharpe Ratio -1.06
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.54%
Effective Maturity 9 Months 18 Days
Modified Duration 6 Months 25 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,787
30 Apr 20₹11,559
30 Apr 21₹12,122
30 Apr 22₹12,538
30 Apr 23₹13,229

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 26 May 23

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.5%
1 Year 6.1%
3 Year 4.5%
5 Year 5.8%
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 0815.05 Yr.
Vihag Mishra30 Apr 221 Yr.
Manu Sharma1 Nov 220.5 Yr.

Data below for Kotak Savings Fund as on 30 Apr 23

Asset Allocation
Asset ClassValue
Cash61.16%
Debt38.84%
Debt Sector Allocation
SectorValue
Government37.68%
Corporate37.01%
Cash Equivalent25.31%
Credit Quality
RatingValue
AA11.04%
AAA88.96%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 07092023
Sovereign Bonds | -
9%₹1,121 Cr114,500,010
182 DTB 14092023
Sovereign Bonds | -
7%₹880 Cr90,000,010
6.75% Govt Stock 2024
Sovereign Bonds | -
3%₹389 Cr39,000,000
↓ -1,000,000
Mahindra & Mahindra Financial Services Ltd
Debentures | -
3%₹349 Cr3,500
Shriram Finance Limited
Debentures | -
2%₹245 Cr2,450
182 DTB 10082023
Sovereign Bonds | -
2%₹226 Cr23,000,000
Bajaj Finance Limited
Debentures | -
2%₹225 Cr2,250
Rural Electrification Corporation Limited
Debentures | -
2%₹209 Cr2,100
The Tata Power Company Limited
Debentures | -
2%₹200 Cr2,000
Housing Development Finance Corporation Ltd
Debentures | -
1%₹175 Cr1,750

4. 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 (26 May 23) ₹2,398.66 ↑ 0.45   (0.02 %)
Net Assets (Cr) ₹148 on 15 May 23
Category Debt - Ultrashort Bond
AMC IDBI Asset Management Limited
Rating
Risk Moderately Low
Expense Ratio 0.6
Sharpe Ratio -1.11
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.13%
Effective Maturity 4 Months 4 Days
Modified Duration 3 Months 15 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,733
30 Apr 20₹11,318
30 Apr 21₹11,897
30 Apr 22₹12,375
30 Apr 23₹13,067

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 26 May 23

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.3%
1 Year 6.1%
3 Year 4.8%
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 220.64 Yr.

Data below for IDBI Ultra Short Term Fund as on 15 May 23

Asset Allocation
Asset ClassValue
Cash77.27%
Debt22.73%
Debt Sector Allocation
SectorValue
Government47.99%
Corporate29.62%
Cash Equivalent22.39%
Credit Quality
RatingValue
AA10.8%
AAA89.2%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
364 DTB 12102023
Sovereign Bonds | -
16%₹24 Cr2,500,000
91 DTB 10082023
Sovereign Bonds | -
7%₹10 Cr1,000,000
↑ 1,000,000
Steel Authority Of India Limited
Debentures | -
4%₹5 Cr520,000
Udaipur Cement Wor
Debentures | -
2%₹3 Cr250,000
JSW Steel Limited
Debentures | -
1%₹2 Cr150,000
Treps
CBLO/Reverse Repo | -
16%₹23 Cr
State Bank Of India
Certificate of Deposit | -
15%₹21 Cr2,200,000
HDFC Bank Limited
Certificate of Deposit | -
10%₹15 Cr1,500,000
Sbm Bank (India) Limited
Certificate of Deposit | -
10%₹15 Cr1,500,000
Axis Bank Limited
Certificate of Deposit | -
7%₹10 Cr1,000,000

5. 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 (26 May 23) ₹3,489.8 ↑ 0.54   (0.02 %)
Net Assets (Cr) ₹5,103 on 30 Apr 23
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.12
Sharpe Ratio -1.2
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.62%
Effective Maturity 5 Months 22 Days
Modified Duration 5 Months 5 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,666
30 Apr 20₹10,713
30 Apr 21₹11,294
30 Apr 22₹12,151
30 Apr 23₹12,820

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 26 May 23

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.4%
1 Year 6.1%
3 Year 6.1%
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 139.58 Yr.
Kinjal Desai25 May 184.93 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 30 Apr 23

Asset Allocation
Asset ClassValue
Cash68.99%
Debt31.01%
Debt Sector Allocation
SectorValue
Corporate35.78%
Cash Equivalent33.87%
Government30.36%
Credit Quality
RatingValue
AA19.16%
AAA80.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 07092023
Sovereign Bonds | -
5%₹244 Cr25,000,000
182 DTB 10082023
Sovereign Bonds | -
4%₹196 Cr20,000,000
Tata Realty And Infrastructure Limited
Debentures | -
3%₹150 Cr1,500
Shriram Transport Finance Company Limited
Debentures | -
2%₹125 Cr12,500
↑ 12,500
08.39 RJ UDAY 2024
Domestic Bonds | -
2%₹101 Cr10,000,000
Reliance Industries Limited
Debentures | -
2%₹101 Cr1,000
Shriram Housing Finance Limited
Debentures | -
2%₹100 Cr1,000
182 DTB 14092023
Sovereign Bonds | -
2%₹97 Cr10,000,000
Samvardhana Motherson International Limited
Debentures | -
1%₹75 Cr750
Manappuram Finance Limited
Debentures | -
1%₹70 Cr700

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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