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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 ₹3,224.47
↑ 0.21 ₹2,872 100 0.9 5.6 8.1 4.8 4.9 4.89% 5M 15D 7M 8D UTI Ultra Short Term Fund Growth ₹3,410.51
↓ -0.12 ₹1,933 2,500 3.6 4.4 6.3 5.2 5.3 4.1% 4M 22D 5M 16D IDBI Ultra Short Term Fund Growth ₹2,219.79
↑ 0.19 ₹328 500 1.4 2.2 4.2 5.7 5.1 3.78% 4M 12D 5M 16D ICICI Prudential Ultra Short Term Fund Growth ₹22.0609
↑ 0.00 ₹9,692 1,000 0.9 2 4.1 6.7 6.5 4.61% 3M 22D 4M 28D Aditya Birla Sun Life Savings Fund Growth ₹432.545
↑ 0.03 ₹17,747 1,000 0.9 2.1 4.1 6.8 7 0% Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Oct 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 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 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 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 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 (22 Oct 21) ₹3,224.47 ↑ 0.21 (0.01 %) Net Assets (Cr) ₹2,872 on 30 Sep 21 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.09 Sharpe Ratio 1.86 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 4.89% Effective Maturity 7 Months 8 Days Modified Duration 5 Months 15 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 16 ₹10,000 30 Sep 17 ₹10,581 30 Sep 18 ₹11,264 30 Sep 19 ₹11,397 30 Sep 20 ₹11,989 30 Sep 21 ₹13,010 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 21 Duration Returns 1 Month 0.3% 3 Month 0.9% 6 Month 5.6% 1 Year 8.1% 3 Year 4.8% 5 Year 5.4% 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 7.92 Yr. Kinjal Desai 25 May 18 3.27 Yr. Data below for Nippon India Ultra Short Duration Fund as on 30 Sep 21
Asset Allocation
Asset Class Value Cash 60.6% Debt 39.4% Debt Sector Allocation
Sector Value Cash Equivalent 56.38% Corporate 29.85% Government 13.77% Credit Quality
Rating Value A 0.57% AA 17.02% AAA 82.41% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 02122021
Sovereign Bonds | -5% ₹194 Cr 19,500,000 8.79% Govt Stock 2021
Sovereign Bonds | -3% ₹101 Cr 10,000,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹100 Cr 1,000 India Grid Trust
Debentures | -2% ₹81 Cr 700
↑ 700 Telesonic Networks Limited
Debentures | -2% ₹75 Cr 750 8.35% Govt Stock 2022
Sovereign Bonds | -2% ₹72 Cr 7,000,000 8.75% Kerala SDL 2022
Sovereign Bonds | -2% ₹61 Cr 5,950,000 Embassy Office Parks Reit
Debentures | -2% ₹58 Cr 464 Shriram Transport Finance Company Limited
Debentures | -2% ₹56 Cr 550 Piramal Capital & Housing Finance Limited
Debentures | -2% ₹55 Cr 675 2. UTI Ultra Short Term Fund
CAGR/Annualized return of 7% 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 (22 Oct 21) ₹3,410.51 ↓ -0.12 (0.00 %) Net Assets (Cr) ₹1,933 on 30 Sep 21 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.96 Sharpe Ratio 1.09 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,500 Exit Load NIL Yield to Maturity 4.1% Effective Maturity 5 Months 16 Days Modified Duration 4 Months 22 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 16 ₹10,000 30 Sep 17 ₹10,724 30 Sep 18 ₹11,391 30 Sep 19 ₹11,816 30 Sep 20 ₹12,494 30 Sep 21 ₹13,296 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 21 Duration Returns 1 Month 1.8% 3 Month 3.6% 6 Month 4.4% 1 Year 6.3% 3 Year 5.2% 5 Year 5.8% 10 Year 15 Year Since launch 7% 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 6.18 Yr. Ritesh Nambiar 1 Jul 15 6.18 Yr. Data below for UTI Ultra Short Term Fund as on 30 Sep 21
Asset Allocation
Asset Class Value Cash 57.56% Debt 42.44% Debt Sector Allocation
Sector Value Cash Equivalent 53.17% Corporate 25.41% Government 21.42% Credit Quality
Rating Value AA 13.94% AAA 86.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 23122021
Sovereign Bonds | -6% ₹129 Cr 1,300,000,000 8.20% Govt Stock 2022
Sovereign Bonds | -5% ₹114 Cr 1,115,000,000 182 DTB 12112021
Sovereign Bonds | -4% ₹99 Cr 1,000,000,000 182 DTB 16122021
Sovereign Bonds | -4% ₹99 Cr 1,000,000,000 182 DTB 25112021
Sovereign Bonds | -3% ₹75 Cr 750,000,000 Hindalco Industries Limited
Debentures | -3% ₹67 Cr 650
↓ -100 National Bank For Agriculture and Rural Development
Debentures | -2% ₹51 Cr 500
↑ 500 Reliance Industries Limited
Debentures | -2% ₹51 Cr 500 Housing Development Finance Corporation Limited
Debentures | -2% ₹50 Cr 500 182 DTB 14102021
Sovereign Bonds | -2% ₹50 Cr 500,000,000 3. IDBI Ultra Short Term Fund
CAGR/Annualized return of 7.4% 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 (22 Oct 21) ₹2,219.79 ↑ 0.19 (0.01 %) Net Assets (Cr) ₹328 on 30 Sep 21 Category Debt - Ultrashort Bond AMC IDBI Asset Management Limited Rating ☆ Risk Moderately Low Expense Ratio 0.64 Sharpe Ratio 1.43 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 3.78% Effective Maturity 5 Months 16 Days Modified Duration 4 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 16 ₹10,000 30 Sep 17 ₹10,615 30 Sep 18 ₹11,256 30 Sep 19 ₹12,079 30 Sep 20 ₹12,756 30 Sep 21 ₹13,311 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 21 Duration Returns 1 Month 0.8% 3 Month 1.4% 6 Month 2.2% 1 Year 4.2% 3 Year 5.7% 5 Year 5.8% 10 Year 15 Year Since launch 7.4% 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 4.58 Yr. Data below for IDBI Ultra Short Term Fund as on 30 Sep 21
Asset Allocation
Asset Class Value Cash 95.64% Debt 4.36% Debt Sector Allocation
Sector Value Cash Equivalent 78.53% Corporate 13.06% Government 8.4% Credit Quality
Rating Value AA 7.51% AAA 92.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity Punjab National Bank
Debentures | -1% ₹5 Cr 450,000 The Tata Power Company Limited
Debentures | -1% ₹2 Cr 200,000 REC Limited
Debentures | -1% ₹2 Cr 200,000 Chennai Petroleum Corporation Limited
Debentures | -1% ₹2 Cr 200,000 Godrej Properties Limited
Debentures | -0% ₹2 Cr 150,000 JSW Steel Limited
Debentures | -0% ₹2 Cr 150,000 Tata Motors Limited
Debentures | -0% ₹2 Cr 150,000 Treps
CBLO/Reverse Repo | -55% ₹193 Cr The Ramco Cements Limited
Commercial Paper | -10% ₹35 Cr 3,500,000 National Bank For Agriculture And Rural Development
Commercial Paper | -7% ₹25 Cr 2,500,000 4. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.8% 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 (22 Oct 21) ₹22.0609 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹9,692 on 30 Sep 21 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.99 Sharpe Ratio 2.9 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 4 Months 28 Days Modified Duration 3 Months 22 Days Growth of 10,000 investment over the years.
Date Value 30 Sep 16 ₹10,000 30 Sep 17 ₹10,791 30 Sep 18 ₹11,474 30 Sep 19 ₹12,470 30 Sep 20 ₹13,382 30 Sep 21 ₹13,975 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 21 Duration Returns 1 Month 0.3% 3 Month 0.9% 6 Month 2% 1 Year 4.1% 3 Year 6.7% 5 Year 6.8% 10 Year 15 Year Since launch 7.8% 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 4.8 Yr. Ritesh Lunawat 15 Jun 17 4.22 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 30 Sep 21
Asset Allocation
Asset Class Value Cash 56.33% Debt 43.67% Debt Sector Allocation
Sector Value Cash Equivalent 50.88% Corporate 40.72% Government 8.13% Securitized 0.26% Credit Quality
Rating Value A 2.51% AA 33.45% AAA 64.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 09122021
Sovereign Bonds | -5% ₹496 Cr 50,000,000 182 DTB 16122021
Sovereign Bonds | -5% ₹496 Cr 50,000,000 Embassy Office Parks Reit
Debentures | -4% ₹391 Cr 3,137 Housing Development Finance Corporation Limited
Debentures | -3% ₹345 Cr 3,430
↑ 550 182 DTB 23122021
Sovereign Bonds | -3% ₹297 Cr 30,000,000 Housing Development Finance Corporation Limited
Debentures | -3% ₹263 Cr 2,610 The Tata Power Company Limited
Debentures | -2% ₹219 Cr 2,084 Shriram Transport Finance Company Limited
Debentures | -2% ₹202 Cr 2,000 Manappuram Finance Limited
Debentures | -2% ₹200 Cr 2,000 Rural Electrification Corporation Limited
Debentures | -2% ₹176 Cr 1,750 5. 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 (22 Oct 21) ₹432.545 ↑ 0.03 (0.01 %) Net Assets (Cr) ₹17,747 on 30 Sep 21 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.47 Sharpe Ratio 1.91 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 0% Effective Maturity Modified Duration Growth of 10,000 investment over the years.
Date Value 30 Sep 16 ₹10,000 30 Sep 17 ₹10,775 30 Sep 18 ₹11,484 30 Sep 19 ₹12,528 30 Sep 20 ₹13,468 30 Sep 21 ₹14,054 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Oct 21 Duration Returns 1 Month 0.2% 3 Month 0.9% 6 Month 2.1% 1 Year 4.1% 3 Year 6.8% 5 Year 7% 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 6.9 Yr. Kaustubh Gupta 15 Jul 11 10.14 Yr. Monika Gandhi 22 Mar 21 0.45 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 30 Sep 21
Asset Allocation
Asset Class Value Cash 53.14% Debt 46.86% Debt Sector Allocation
Sector Value Cash Equivalent 47.75% Corporate 35.61% Government 16.64% Credit Quality
Rating Value AA 12.07% AAA 87.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.79% Govt Stock 2021
Sovereign Bonds | -5% ₹933 Cr 92,600,000
↓ -118,500,000 Reliance Industries Limited
Debentures | -4% ₹705 Cr 6,901
↓ -500 8.83% Govt Stock 2023
Sovereign Bonds | -3% ₹638 Cr 58,500,000
↑ 500,000 Citicorp Finance (India) Limited
Debentures | -3% ₹500 Cr 5,000 REC Limited
Debentures | -2% ₹414 Cr 4,050 Rural Electrification Corporation Limited
Debentures | -2% ₹317 Cr 3,150 Shriram Transport Finance Company Limited
Debentures | -1% ₹275 Cr 2,750 8.21% HR SDL Spl 2023
Domestic Bonds | -1% ₹243 Cr 23,000,000 Muthoot Finance Limited
Debentures | -1% ₹238 Cr 2,350 Rural Electrification Corporation Limited
Debentures | -1% ₹226 Cr 2,250
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