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5 Best Performing Ultra Short Term Debt Funds for SIP 2020 | Fincash.com

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5 Best Ultra Short Term Debt Funds for SIP 2020

Updated on August 2, 2020 , 540 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 20 - 21

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)2019 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
IDBI Ultra Short Term Fund Growth ₹2,109.62
↑ 0.21
₹169 500 1.92.510.66.46.94.88%3M 4D3M 18D
Aditya Birla Sun Life Savings Fund Growth ₹410.417
↑ 0.07
₹11,830 1,000 2.84.17.97.78.55.11%6M6M 18D
ICICI Prudential Ultra Short Term Fund Growth ₹20.9015
↑ 0.00
₹5,571 1,000 2.53.57.67.58.46.18%3M 25D4M 10D
Kotak Savings Fund Growth ₹32.9579
↑ 0.00
₹9,189 1,000 2.13.677.37.84.27%6M6M 7D
Invesco India Ultra Short Term Fund Growth ₹2,087.15
↑ 0.23
₹602 1,000 1.83.26.477.63.82%5M 5D5M 13D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Aug 20

*Above is list of best Ultra-Short funds are having AUM/Net Assets above 100 Crore. Sorted on Last 1 Year Return.

1. 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 7.8% since its launch.  Ranked 78 in Ultrashort Bond category.  Return for 2019 was 6.9% , 2018 was 6.9% and 2017 was 5.8% .

Below is the key information for IDBI Ultra Short Term Fund

IDBI Ultra Short Term Fund
Growth
Launch Date 3 Sep 10
NAV (05 Aug 20) ₹2,109.62 ↑ 0.21   (0.01 %)
Net Assets (Cr) ₹169 on 30 Jun 20
Category Debt - Ultrashort Bond
AMC IDBI Asset Management Limited
Rating
Risk Moderately Low
Expense Ratio 0.89
Sharpe Ratio 1.65
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 4.88%
Effective Maturity 3 Months 18 Days
Modified Duration 3 Months 4 Days

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,790
31 Jul 17₹11,493
31 Jul 18₹12,194
31 Jul 19₹12,508
31 Jul 20₹13,839

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 ₹200,132.
Net Profit of ₹20,132
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 5 Aug 20

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 2.5%
1 Year 10.6%
3 Year 6.4%
5 Year 6.7%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010
Fund Manager information for IDBI Ultra Short Term Fund
NameSinceTenure
Bhupesh Kalyani1 Feb 173.41 Yr.

Data below for IDBI Ultra Short Term Fund as on 30 Jun 20

Asset Allocation
Asset ClassValue
Cash77.53%
Debt22.47%
Debt Sector Allocation
SectorValue
Cash Equivalent77.53%
Corporate12.63%
Government9.84%
Credit Quality
RatingValue
A25.32%
AA36.66%
AAA38.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
60%₹101 Cr10,146,455
↑ 5,068,602
91 DTB 16072020
Sovereign Bonds | -
15%₹25 Cr2,500,000
↑ 2,500,000
Punjab National Bank
Debentures | -
10%₹17 Cr1,700,000
Vedanta Limited
Debentures | -
6%₹10 Cr1,050,000
J.K.Cement Limited
Debentures | -
5%₹8 Cr2,500,000
Axis Bank Limited
Debentures | -
2%₹4 Cr370,000
J.K.Cement Limited
Debentures | -
2%₹3 Cr900,000
Net Receivable / Payable
Net Current Assets | -
1%₹2 Cr

2. 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 7.8% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2019 was 8.5% , 2018 was 7.6% and 2017 was 7.2% .

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 (05 Aug 20) ₹410.417 ↑ 0.07   (0.02 %)
Net Assets (Cr) ₹11,830 on 30 Jun 20
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.35
Sharpe Ratio 5.56
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 5.11%
Effective Maturity 6 Months 18 Days
Modified Duration 6 Months

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,912
31 Jul 17₹11,819
31 Jul 18₹12,589
31 Jul 19₹13,699
31 Jul 20₹14,792

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 ₹206,148.
Net Profit of ₹26,148
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 5 Aug 20

DurationReturns
1 Month 0.6%
3 Month 2.8%
6 Month 4.1%
1 Year 7.9%
3 Year 7.7%
5 Year 8.1%
10 Year
15 Year
Since launch 7.8%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 5.8%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure
Sunaina Cunha11 Oct 145.72 Yr.
Kaustubh Gupta15 Jul 118.97 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 30 Jun 20

Asset Allocation
Asset ClassValue
Cash39.95%
Debt60.05%
Debt Sector Allocation
SectorValue
Corporate68.42%
Government15.54%
Cash Equivalent15.39%
Securitized0.65%
Credit Quality
RatingValue
AA10.75%
AAA89.25%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Net Receivables / (Payables)
Net Current Assets | -
9%-₹1,031 Cr
Reliance Industries Limited
Commercial Paper | -
6%₹705 Cr14,500
↑ 14,500
Housing Development Finance Corporation Limited
Commercial Paper | -
3%₹377 Cr7,762
↓ -500
Bank Of Baroda
Certificate of Deposit | -
3%₹376 Cr38,500
↑ 38,500
Clearing Corporation Of India Limited
CBLO | -
3%₹375 Cr
Shriram Transport Finance Company Limited
Debentures | -
3%₹361 Cr3,750
Rec Limited
Debentures | -
3%₹354 Cr3,450
↑ 200
IndusInd Bank Limited
Certificate of Deposit | -
3%₹336 Cr35,000
Export-Import Bank Of India
Commercial Paper | -
3%₹322 Cr6,500
↑ 6,500
Rural Electrification Corporation Limited
Debentures | -
2%₹295 Cr2,900

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 8.3% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2019 was 8.4% , 2018 was 7.5% and 2017 was 6.9% .

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 (05 Aug 20) ₹20.9015 ↑ 0.00   (0.02 %)
Net Assets (Cr) ₹5,571 on 30 Jun 20
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 1.09
Sharpe Ratio 5.32
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 6.18%
Effective Maturity 4 Months 10 Days
Modified Duration 3 Months 25 Days

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,932
31 Jul 17₹11,882
31 Jul 18₹12,636
31 Jul 19₹13,702
31 Jul 20₹14,750

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 ₹206,148.
Net Profit of ₹26,148
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 5 Aug 20

DurationReturns
1 Month 0.6%
3 Month 2.5%
6 Month 3.5%
1 Year 7.6%
3 Year 7.5%
5 Year 8.1%
10 Year
15 Year
Since launch 8.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
2010
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure
Manish Banthia15 Nov 163.63 Yr.
Ritesh Lunawat15 Jun 173.05 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 30 Jun 20

Asset Allocation
Asset ClassValue
Cash55.26%
Debt44.74%
Debt Sector Allocation
SectorValue
Corporate64.28%
Cash Equivalent34.91%
Government0.81%
Credit Quality
RatingValue
A5.29%
AA41.81%
AAA52.89%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
8%₹442 Cr
MANAPPURAM FINANCE LIMITED
Debentures | -
4%₹205 Cr2,000
JSW Energy Limited
Debentures | -
4%₹201 Cr2,000
Rural Electrification Corporation Limited
Debentures | -
3%₹177 Cr1,750
Tata Value Homes Limited
Debentures | -
3%₹152 Cr1,500
Aspire Home Finance Corporation Limited
Debentures | -
3%₹151 Cr1,500
84 DTB 20082020
Sovereign Bonds | -
3%₹149 Cr15,000,000
AU Small Finance Bank Limited
Certificate of Deposit | -
3%₹147 Cr15,000
Bharti Telecom Limited
Debentures | -
2%₹127 Cr1,250
Bahadur Chand Investments Private Limited
Debentures | -
2%₹125 Cr1,250

4. 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 7.7% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2019 was 7.8% , 2018 was 7.4% and 2017 was 6.7% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (05 Aug 20) ₹32.9579 ↑ 0.00   (0.01 %)
Net Assets (Cr) ₹9,189 on 30 Jun 20
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.68
Sharpe Ratio 8.26
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 4.27%
Effective Maturity 6 Months 7 Days
Modified Duration 6 Months

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,826
31 Jul 17₹11,643
31 Jul 18₹12,399
31 Jul 19₹13,417
31 Jul 20₹14,369

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 ₹203,125.
Net Profit of ₹23,125
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 5 Aug 20

DurationReturns
1 Month 0.4%
3 Month 2.1%
6 Month 3.6%
1 Year 7%
3 Year 7.3%
5 Year 7.5%
10 Year
15 Year
Since launch 7.7%
Historical performance (Yearly) on absolute basis
YearReturns
2019 7.8%
2018 7.4%
2017 6.7%
2016 8.2%
2015 8.6%
2014 9.4%
2013 8.9%
2012 9.6%
2011 9.2%
2010 5.7%
Fund Manager information for Kotak Savings Fund
NameSinceTenure
Deepak Agrawal15 Apr 0812.22 Yr.

Data below for Kotak Savings Fund as on 30 Jun 20

Asset Allocation
Asset ClassValue
Cash34.55%
Debt65.45%
Debt Sector Allocation
SectorValue
Corporate42.86%
Cash Equivalent28.42%
Government24.91%
Securitized3.81%
Credit Quality
RatingValue
AA10.67%
AAA89.33%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
6%₹557 Cr5,520
↑ 5,500
Triparty Repo
CBLO/Reverse Repo | -
6%₹508 Cr
Export-Import Bank Of India
Commercial Paper | -
5%₹493 Cr10,000
↑ 10,000
HDB Financial Services Limited
Debentures | -
5%₹491 Cr4,000
↑ 4,000
Bharti Telecom Limited
Debentures | -
5%₹448 Cr4,400
↑ 1,400
Kotak Mahindra Prime Limited
Debentures | -
4%₹368 Cr3,000
↑ 3,000
BAJAJ HOUSING FINANCE LIMITED
Debentures | -
4%₹346 Cr3,000
↑ 3,000
08.04 CG SDL 2020
Sovereign Bonds | -
4%₹334 Cr32,925,000
8.55% U.P. GS 2020
Sovereign Bonds | -
3%₹305 Cr30,000,000
National Bank For Agriculture And Rural Development
Certificate of Deposit | -
3%₹289 Cr30,000
↑ 30,000

5. Invesco India Ultra Short Term Fund

(Erstwhile Invesco India Medium Term Bond Fund)

The objective is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments.

Invesco India Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 30 Dec 10. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8% since its launch.  Ranked 40 in Ultrashort Bond category.  Return for 2019 was 7.6% , 2018 was 7.3% and 2017 was 7.1% .

Below is the key information for Invesco India Ultra Short Term Fund

Invesco India Ultra Short Term Fund
Growth
Launch Date 30 Dec 10
NAV (05 Aug 20) ₹2,087.15 ↑ 0.23   (0.01 %)
Net Assets (Cr) ₹602 on 30 Jun 20
Category Debt - Ultrashort Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 0.55
Sharpe Ratio 7.18
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 3.82%
Effective Maturity 5 Months 13 Days
Modified Duration 5 Months 5 Days

Growth of 10,000 investment over the years.

DateValue
31 Jul 15₹10,000
31 Jul 16₹10,947
31 Jul 17₹11,847
31 Jul 18₹12,614
31 Jul 19₹13,635
31 Jul 20₹14,519

Invesco India 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 ₹203,125.
Net Profit of ₹23,125
Invest Now

Returns for Invesco India 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 5 Aug 20

DurationReturns
1 Month 0.3%
3 Month 1.8%
6 Month 3.2%
1 Year 6.4%
3 Year 7%
5 Year 7.7%
10 Year
15 Year
Since launch 8%
Historical performance (Yearly) on absolute basis
YearReturns
2019 7.6%
2018 7.3%
2017 7.1%
2016 9.1%
2015 8.3%
2014 10.1%
2013 6.1%
2012 8.9%
2011 8.2%
2010
Fund Manager information for Invesco India Ultra Short Term Fund
NameSinceTenure
Sujoy Das4 Jan 200.49 Yr.
Krishna Cheemalapati4 Jan 200.49 Yr.

Data below for Invesco India Ultra Short Term Fund as on 30 Jun 20

Asset Allocation
Asset ClassValue
Cash42.34%
Debt57.66%
Debt Sector Allocation
SectorValue
Corporate51.72%
Government31.15%
Cash Equivalent17.13%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Triparty Repo
CBLO/Reverse Repo | -
11%₹69 Cr
GOVT STOCK
Sovereign Bonds | -
9%₹56 Cr5,500,000
↑ 2,000,000
Housing Development Finance Corporation Limited
Debentures | -
8%₹51 Cr5,000,000
Invesco India Liquid Dir Gr
Investment Fund | -
8%₹50 Cr181,772
Larsen And Toubro Limited
Commercial Paper | -
8%₹49 Cr5,000,000
Axis Bank Limited
Certificate of Deposit | -
6%₹34 Cr3,500,000
Kotak Mahindra Prime Limited
Debentures | -
5%₹31 Cr2,500,000
↑ 2,500,000
Net Receivables / (Payables)
Net Current Assets | -
5%-₹30 Cr
Small Industries Development Bank Of India
Debentures | -
4%₹25 Cr2,500,000
Housing And Urban Development Corporation Ltd.
Debentures | -
4%₹25 Cr2,500,000

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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