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5 Best Ultra Short Term Debt Funds for SIP 2023
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
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹469.638
↑ 0.11 ₹14,525 1,000 2 3.6 6.4 5.2 4.8 7.56% 5M 8D 5M 16D ICICI Prudential Ultra Short Term Fund Growth ₹23.8823
↑ 0.00 ₹12,645 1,000 1.9 3.5 6.2 5.1 4.5 7.57% 4M 17D 5M 5D Kotak Savings Fund Growth ₹37.1208
↑ 0.01 ₹10,606 1,000 1.9 3.5 6.1 4.5 4.5 7.54% 6M 25D 9M 18D IDBI Ultra Short Term Fund Growth ₹2,398.66
↑ 0.45 ₹148 500 1.8 3.3 6.1 4.8 4.5 7.13% 3M 15D 4M 4D Nippon India Ultra Short Duration Fund Growth ₹3,489.8
↑ 0.54 ₹5,103 100 1.9 3.4 6.1 6.1 4.6 7.62% 5M 5D 5M 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.
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 (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 (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 Below is the key information for Kotak Savings 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 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 1. Aditya Birla Sun Life Savings Fund
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% . 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.
Date Value 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 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23 Duration Returns 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
Year Returns 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
Name Since Tenure Sunaina Cunha 14 Jun 14 8.88 Yr. Kaustubh Gupta 15 Jul 11 11.8 Yr. Monika Gandhi 22 Mar 21 2.11 Yr. Dhaval Joshi 21 Nov 22 0.44 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 30 Apr 23
Asset Allocation
Asset Class Value Cash 61.38% Debt 38.62% Debt Sector Allocation
Sector Value Corporate 43.74% Cash Equivalent 30.82% Government 25.2% Securitized 0.24% Credit Quality
Rating Value AA 21.44% AAA 78.56% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 29062023
Sovereign Bonds | -6% ₹855 Cr 86,204,130
↓ -5,000,000 Housing Development Finance Corporation Ltd
Debentures | -4% ₹597 Cr 6,000 182 DTB 29092023
Sovereign Bonds | -3% ₹487 Cr 50,000,000 Hindalco Industries Limited
Debentures | -2% ₹350 Cr 35,000 Bharti Telecom Limited
Debentures | -2% ₹325 Cr 3,250 Shriram Finance Limited
Debentures | -2% ₹275 Cr 2,750 Sikka Ports & Terminals Limited
Debentures | -2% ₹252 Cr 2,520 Reliance Industries Limited
Debentures | -2% ₹251 Cr 2,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹250 Cr 2,500 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -2% ₹250 Cr 2,500 2. ICICI Prudential Ultra Short Term Fund
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% . 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.
Date Value 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 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23 Duration Returns 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
Year Returns 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
Name Since Tenure Manish Banthia 15 Nov 16 6.46 Yr. Ritesh Lunawat 15 Jun 17 5.88 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 30 Apr 23
Asset Allocation
Asset Class Value Cash 75.14% Debt 24.86% Debt Sector Allocation
Sector Value Corporate 50.89% Cash Equivalent 39.91% Government 9.2% Credit Quality
Rating Value AA 18.72% AAA 81.28% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 29062023
Sovereign Bonds | -5% ₹694 Cr 70,000,000 182 DTB 06072023
Sovereign Bonds | -4% ₹471 Cr 47,500,000 Sikka Ports & Terminals Limited
Debentures | -3% ₹375 Cr 3,750
↓ -250 Embassy Office Parks Reit
Debentures | -2% ₹272 Cr 2,750 National Bank For Agriculture And Rural Development
Debentures | -2% ₹259 Cr 2,600 Power Finance Corporation Ltd.
Debentures | -2% ₹244 Cr 2,450 Embassy Office Parks Reit
Debentures | -2% ₹200 Cr 2,000 Apollo Building Products Private Limited
Debentures | -2% ₹199 Cr 20,000 Tata Housing Development Company Limited
Debentures | -2% ₹196 Cr 19,500
↓ -500 Ongc Petro Additions Limited
Debentures | -1% ₹190 Cr 1,900 3. Kotak Savings Fund
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% . 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.
Date Value 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 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23 Duration Returns 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
Year Returns 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
Name Since Tenure Deepak Agrawal 15 Apr 08 15.05 Yr. Vihag Mishra 30 Apr 22 1 Yr. Manu Sharma 1 Nov 22 0.5 Yr. Data below for Kotak Savings Fund as on 30 Apr 23
Asset Allocation
Asset Class Value Cash 61.16% Debt 38.84% Debt Sector Allocation
Sector Value Government 37.68% Corporate 37.01% Cash Equivalent 25.31% Credit Quality
Rating Value AA 11.04% AAA 88.96% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 07092023
Sovereign Bonds | -9% ₹1,121 Cr 114,500,010 182 DTB 14092023
Sovereign Bonds | -7% ₹880 Cr 90,000,010 6.75% Govt Stock 2024
Sovereign Bonds | -3% ₹389 Cr 39,000,000
↓ -1,000,000 Mahindra & Mahindra Financial Services Ltd
Debentures | -3% ₹349 Cr 3,500 Shriram Finance Limited
Debentures | -2% ₹245 Cr 2,450 182 DTB 10082023
Sovereign Bonds | -2% ₹226 Cr 23,000,000 Bajaj Finance Limited
Debentures | -2% ₹225 Cr 2,250 Rural Electrification Corporation Limited
Debentures | -2% ₹209 Cr 2,100 The Tata Power Company Limited
Debentures | -2% ₹200 Cr 2,000 Housing Development Finance Corporation Ltd
Debentures | -1% ₹175 Cr 1,750 4. IDBI Ultra Short Term Fund
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% . 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.
Date Value 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 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23 Duration Returns 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
Year Returns 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
Name Since Tenure Raju Sharma 7 Sep 22 0.64 Yr. Data below for IDBI Ultra Short Term Fund as on 15 May 23
Asset Allocation
Asset Class Value Cash 77.27% Debt 22.73% Debt Sector Allocation
Sector Value Government 47.99% Corporate 29.62% Cash Equivalent 22.39% Credit Quality
Rating Value AA 10.8% AAA 89.2% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 DTB 12102023
Sovereign Bonds | -16% ₹24 Cr 2,500,000 91 DTB 10082023
Sovereign Bonds | -7% ₹10 Cr 1,000,000
↑ 1,000,000 Steel Authority Of India Limited
Debentures | -4% ₹5 Cr 520,000 Udaipur Cement Wor
Debentures | -2% ₹3 Cr 250,000 JSW Steel Limited
Debentures | -1% ₹2 Cr 150,000 Treps
CBLO/Reverse Repo | -16% ₹23 Cr State Bank Of India
Certificate of Deposit | -15% ₹21 Cr 2,200,000 HDFC Bank Limited
Certificate of Deposit | -10% ₹15 Cr 1,500,000 Sbm Bank (India) Limited
Certificate of Deposit | -10% ₹15 Cr 1,500,000 Axis Bank Limited
Certificate of Deposit | -7% ₹10 Cr 1,000,000 5. Nippon India Ultra Short Duration Fund
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% . 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.
Date Value 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 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23 Duration Returns 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
Year Returns 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
Name Since Tenure Vivek Sharma 1 Oct 13 9.58 Yr. Kinjal Desai 25 May 18 4.93 Yr. Data below for Nippon India Ultra Short Duration Fund as on 30 Apr 23
Asset Allocation
Asset Class Value Cash 68.99% Debt 31.01% Debt Sector Allocation
Sector Value Corporate 35.78% Cash Equivalent 33.87% Government 30.36% Credit Quality
Rating Value AA 19.16% AAA 80.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 07092023
Sovereign Bonds | -5% ₹244 Cr 25,000,000 182 DTB 10082023
Sovereign Bonds | -4% ₹196 Cr 20,000,000 Tata Realty And Infrastructure Limited
Debentures | -3% ₹150 Cr 1,500 Shriram Transport Finance Company Limited
Debentures | -2% ₹125 Cr 12,500
↑ 12,500 08.39 RJ UDAY 2024
Domestic Bonds | -2% ₹101 Cr 10,000,000 Reliance Industries Limited
Debentures | -2% ₹101 Cr 1,000 Shriram Housing Finance Limited
Debentures | -2% ₹100 Cr 1,000 182 DTB 14092023
Sovereign Bonds | -2% ₹97 Cr 10,000,000 Samvardhana Motherson International Limited
Debentures | -1% ₹75 Cr 750 Manappuram Finance Limited
Debentures | -1% ₹70 Cr 700
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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