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5 Best Performing Ultra Short Term Debt Funds for SIP 2021 | Fincash.com

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5 Best Ultra Short Term Debt Funds for SIP 2021

Updated on October 20, 2021 , 1337 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 21 - 22

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)2020 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Nippon India Ultra Short Duration Fund Growth ₹3,224.47
↑ 0.21
₹2,872 100 0.95.68.14.84.94.89%5M 15D7M 8D
UTI Ultra Short Term Fund Growth ₹3,410.51
↓ -0.12
₹1,933 2,500 3.64.46.35.25.34.1%4M 22D5M 16D
IDBI Ultra Short Term Fund Growth ₹2,219.79
↑ 0.19
₹328 500 1.42.24.25.75.13.78%4M 12D5M 16D
ICICI Prudential Ultra Short Term Fund Growth ₹22.0609
↑ 0.00
₹9,692 1,000 0.924.16.76.54.61%3M 22D4M 28D
Aditya Birla Sun Life Savings Fund Growth ₹432.545
↑ 0.03
₹17,747 1,000 0.92.14.16.870%
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.

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 6.1% since its launch.  Ranked 62 in Ultrashort Bond category.  Return for 2020 was 4.9% , 2019 was 0.9% and 2018 was 7.3% .

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 (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.

DateValue
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

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 22 Oct 21

DurationReturns
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
YearReturns
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
NameSinceTenure
Vivek Sharma1 Oct 137.92 Yr.
Kinjal Desai25 May 183.27 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 30 Sep 21

Asset Allocation
Asset ClassValue
Cash60.6%
Debt39.4%
Debt Sector Allocation
SectorValue
Cash Equivalent56.38%
Corporate29.85%
Government13.77%
Credit Quality
RatingValue
A0.57%
AA17.02%
AAA82.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 02122021
Sovereign Bonds | -
5%₹194 Cr19,500,000
8.79% Govt Stock 2021
Sovereign Bonds | -
3%₹101 Cr10,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹100 Cr1,000
India Grid Trust
Debentures | -
2%₹81 Cr700
↑ 700
Telesonic Networks Limited
Debentures | -
2%₹75 Cr750
8.35% Govt Stock 2022
Sovereign Bonds | -
2%₹72 Cr7,000,000
8.75% Kerala SDL 2022
Sovereign Bonds | -
2%₹61 Cr5,950,000
Embassy Office Parks Reit
Debentures | -
2%₹58 Cr464
Shriram Transport Finance Company Limited
Debentures | -
2%₹56 Cr550
Piramal Capital & Housing Finance Limited
Debentures | -
2%₹55 Cr675

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 7% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2020 was 5.3% , 2019 was 3.3% and 2018 was 7% .

Below is the key information for UTI Ultra Short Term Fund

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.

DateValue
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

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 22 Oct 21

DurationReturns
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
YearReturns
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
NameSinceTenure
Sudhir Agarwal1 Jul 156.18 Yr.
Ritesh Nambiar1 Jul 156.18 Yr.

Data below for UTI Ultra Short Term Fund as on 30 Sep 21

Asset Allocation
Asset ClassValue
Cash57.56%
Debt42.44%
Debt Sector Allocation
SectorValue
Cash Equivalent53.17%
Corporate25.41%
Government21.42%
Credit Quality
RatingValue
AA13.94%
AAA86.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 23122021
Sovereign Bonds | -
6%₹129 Cr1,300,000,000
8.20% Govt Stock 2022
Sovereign Bonds | -
5%₹114 Cr1,115,000,000
182 DTB 12112021
Sovereign Bonds | -
4%₹99 Cr1,000,000,000
182 DTB 16122021
Sovereign Bonds | -
4%₹99 Cr1,000,000,000
182 DTB 25112021
Sovereign Bonds | -
3%₹75 Cr750,000,000
Hindalco Industries Limited
Debentures | -
3%₹67 Cr650
↓ -100
National Bank For Agriculture and Rural Development
Debentures | -
2%₹51 Cr500
↑ 500
Reliance Industries Limited
Debentures | -
2%₹51 Cr500
Housing Development Finance Corporation Limited
Debentures | -
2%₹50 Cr500
182 DTB 14102021
Sovereign Bonds | -
2%₹50 Cr500,000,000

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 7.4% since its launch.  Ranked 78 in Ultrashort Bond category.  Return for 2020 was 5.1% , 2019 was 6.9% and 2018 was 6.9% .

Below is the key information for IDBI Ultra Short Term Fund

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.

DateValue
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

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 22 Oct 21

DurationReturns
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
YearReturns
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
NameSinceTenure
Bhupesh Kalyani1 Feb 174.58 Yr.

Data below for IDBI Ultra Short Term Fund as on 30 Sep 21

Asset Allocation
Asset ClassValue
Cash95.64%
Debt4.36%
Debt Sector Allocation
SectorValue
Cash Equivalent78.53%
Corporate13.06%
Government8.4%
Credit Quality
RatingValue
AA7.51%
AAA92.49%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Punjab National Bank
Debentures | -
1%₹5 Cr450,000
The Tata Power Company Limited
Debentures | -
1%₹2 Cr200,000
REC Limited
Debentures | -
1%₹2 Cr200,000
Chennai Petroleum Corporation Limited
Debentures | -
1%₹2 Cr200,000
Godrej Properties Limited
Debentures | -
0%₹2 Cr150,000
JSW Steel Limited
Debentures | -
0%₹2 Cr150,000
Tata Motors Limited
Debentures | -
0%₹2 Cr150,000
Treps
CBLO/Reverse Repo | -
55%₹193 Cr
The Ramco Cements Limited
Commercial Paper | -
10%₹35 Cr3,500,000
National Bank For Agriculture And Rural Development
Commercial Paper | -
7%₹25 Cr2,500,000

4. 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 7.8% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2020 was 6.5% , 2019 was 8.4% and 2018 was 7.5% .

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 (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.

DateValue
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

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 22 Oct 21

DurationReturns
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
YearReturns
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
NameSinceTenure
Manish Banthia15 Nov 164.8 Yr.
Ritesh Lunawat15 Jun 174.22 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 30 Sep 21

Asset Allocation
Asset ClassValue
Cash56.33%
Debt43.67%
Debt Sector Allocation
SectorValue
Cash Equivalent50.88%
Corporate40.72%
Government8.13%
Securitized0.26%
Credit Quality
RatingValue
A2.51%
AA33.45%
AAA64.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 09122021
Sovereign Bonds | -
5%₹496 Cr50,000,000
182 DTB 16122021
Sovereign Bonds | -
5%₹496 Cr50,000,000
Embassy Office Parks Reit
Debentures | -
4%₹391 Cr3,137
Housing Development Finance Corporation Limited
Debentures | -
3%₹345 Cr3,430
↑ 550
182 DTB 23122021
Sovereign Bonds | -
3%₹297 Cr30,000,000
Housing Development Finance Corporation Limited
Debentures | -
3%₹263 Cr2,610
The Tata Power Company Limited
Debentures | -
2%₹219 Cr2,084
Shriram Transport Finance Company Limited
Debentures | -
2%₹202 Cr2,000
Manappuram Finance Limited
Debentures | -
2%₹200 Cr2,000
Rural Electrification Corporation Limited
Debentures | -
2%₹176 Cr1,750

5. 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 7.6% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2020 was 7% , 2019 was 8.5% and 2018 was 7.6% .

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 (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.

DateValue
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

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 22 Oct 21

DurationReturns
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
YearReturns
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
NameSinceTenure
Sunaina Cunha11 Oct 146.9 Yr.
Kaustubh Gupta15 Jul 1110.14 Yr.
Monika Gandhi22 Mar 210.45 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 30 Sep 21

Asset Allocation
Asset ClassValue
Cash53.14%
Debt46.86%
Debt Sector Allocation
SectorValue
Cash Equivalent47.75%
Corporate35.61%
Government16.64%
Credit Quality
RatingValue
AA12.07%
AAA87.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.79% Govt Stock 2021
Sovereign Bonds | -
5%₹933 Cr92,600,000
↓ -118,500,000
Reliance Industries Limited
Debentures | -
4%₹705 Cr6,901
↓ -500
8.83% Govt Stock 2023
Sovereign Bonds | -
3%₹638 Cr58,500,000
↑ 500,000
Citicorp Finance (India) Limited
Debentures | -
3%₹500 Cr5,000
REC Limited
Debentures | -
2%₹414 Cr4,050
Rural Electrification Corporation Limited
Debentures | -
2%₹317 Cr3,150
Shriram Transport Finance Company Limited
Debentures | -
1%₹275 Cr2,750
8.21% HR SDL Spl 2023
Domestic Bonds | -
1%₹243 Cr23,000,000
Muthoot Finance Limited
Debentures | -
1%₹238 Cr2,350
Rural Electrification Corporation Limited
Debentures | -
1%₹226 Cr2,250

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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