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5 Best Performing Ultra Short Term Debt Funds for SIP 2024 | Fincash.com

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5 Best Ultra Short Term Debt Funds for SIP 2024

Updated on February 25, 2024 , 2369 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 24 - 25

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Savings Fund Growth ₹494.808
↑ 0.03
₹12,852 1,000 1.93.67.45.67.27.98%5M 19D6M 4D
ICICI Prudential Ultra Short Term Fund Growth ₹25.1252
↑ 0.00
₹13,854 1,000 1.83.57.25.46.97.91%4M 6D4M 20D
Invesco India Ultra Short Term Fund Growth ₹2,452.52
↑ 0.50
₹638 1,000 23.67.14.96.67.66%4M 1D4M 11D
Kotak Savings Fund Growth ₹38.9897
↑ 0.01
₹12,414 1,000 1.83.375.16.87.83%5M 1D7M 6D
UTI Ultra Short Term Fund Growth ₹3,859.1
↑ 0.78
₹1,815 500 1.83.46.95.96.77.89%4M 12D4M 19D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Feb 24

*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 2023 was 7.2% , 2022 was 4.8% and 2021 was 3.9% .

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 (28 Feb 24) ₹494.808 ↑ 0.03   (0.01 %)
Net Assets (Cr) ₹12,852 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.52
Sharpe Ratio 1.19
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.98%
Effective Maturity 6 Months 4 Days
Modified Duration 5 Months 19 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,826
31 Jan 21₹11,533
31 Jan 22₹12,011
31 Jan 23₹12,603
31 Jan 24₹13,518

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 28 Feb 24

DurationReturns
1 Month 0.7%
3 Month 1.9%
6 Month 3.6%
1 Year 7.4%
3 Year 5.6%
5 Year 6.2%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.2%
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%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure
Sunaina Cunha20 Jun 149.62 Yr.
Kaustubh Gupta15 Jul 1112.56 Yr.
Monika Gandhi22 Mar 212.87 Yr.
Dhaval Joshi21 Nov 221.2 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash53.87%
Debt45.83%
Other0.3%
Debt Sector Allocation
SectorValue
Corporate53.52%
Cash Equivalent31.61%
Government14.46%
Securitized0.11%
Credit Quality
RatingValue
AA28.63%
AAA71.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Limited
Debentures | -
5%₹597 Cr6,000
Tata Realty And Infrastructure Limited
Debentures | -
3%₹359 Cr36,000
Hindalco Industries Limited
Debentures | -
3%₹350 Cr35,000
Bharti Telecom Limited
Debentures | -
3%₹326 Cr3,250
Bharti Hexacom Limited
Debentures | -
2%₹315 Cr3,150
Pipeline Infrastructure Limited
Debentures | -
2%₹311 Cr3,100
7.32% Govt Stock 2024
Sovereign Bonds | -
2%₹295 Cr29,500,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹248 Cr2,500
HDFC Bank Limited
Debentures | -
2%₹244 Cr2,450
National Bank For Agriculture And Rural Development
Debentures | -
2%₹227 Cr2,285
↑ 250

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 7.4% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2023 was 6.9% , 2022 was 4.5% and 2021 was 4% .

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 (28 Feb 24) ₹25.1252 ↑ 0.00   (0.02 %)
Net Assets (Cr) ₹13,854 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.86
Sharpe Ratio 0
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 7.91%
Effective Maturity 4 Months 20 Days
Modified Duration 4 Months 6 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,835
31 Jan 21₹11,491
31 Jan 22₹11,965
31 Jan 23₹12,533
31 Jan 24₹13,413

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 28 Feb 24

DurationReturns
1 Month 0.7%
3 Month 1.8%
6 Month 3.5%
1 Year 7.2%
3 Year 5.4%
5 Year 6.1%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.9%
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%
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure
Manish Banthia15 Nov 167.22 Yr.
Ritesh Lunawat15 Jun 176.64 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash75.02%
Debt24.74%
Other0.24%
Debt Sector Allocation
SectorValue
Cash Equivalent42.92%
Corporate42.85%
Government14%
Credit Quality
RatingValue
AA17%
AAA83%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
India (Republic of)
- | -
3%₹395 Cr40,000,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹340 Cr3,400
↑ 1,650
LIC Housing Finance Limited
Debentures | -
2%₹295 Cr2,950
National Bank For Agriculture And Rural Development
Debentures | -
2%₹275 Cr2,750
08.35 SBI RT SB 2024
Domestic Bonds | -
2%₹251 Cr25,000,000
Bharti Telecom Limited
Debentures | -
1%₹201 Cr20,000
Mahindra Rural Housing Finance Limited
Debentures | -
1%₹200 Cr2,000
The Tata Power Company Limited
Debentures | -
1%₹200 Cr2,000
Bajaj Housing Finance Limited
Debentures | -
1%₹200 Cr2,000
Apollo Building Products Private Limited
Debentures | -
1%₹199 Cr20,000

3. 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 7.1% since its launch.  Ranked 40 in Ultrashort Bond category.  Return for 2023 was 6.6% , 2022 was 4.1% and 2021 was 3% .

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 (28 Feb 24) ₹2,452.52 ↑ 0.50   (0.02 %)
Net Assets (Cr) ₹638 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderate
Expense Ratio 0.89
Sharpe Ratio -1.47
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.66%
Effective Maturity 4 Months 11 Days
Modified Duration 4 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,738
31 Jan 21₹11,248
31 Jan 22₹11,605
31 Jan 23₹12,106
31 Jan 24₹12,919

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 ₹197,169.
Net Profit of ₹17,169
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 28 Feb 24

DurationReturns
1 Month 0.9%
3 Month 2%
6 Month 3.6%
1 Year 7.1%
3 Year 4.9%
5 Year 5.3%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.6%
2022 4.1%
2021 3%
2020 5.1%
2019 7.6%
2018 7.3%
2017 7.1%
2016 9.1%
2015 8.3%
2014 10.1%
Fund Manager information for Invesco India Ultra Short Term Fund
NameSinceTenure
Krishna Cheemalapati4 Jan 204.08 Yr.
Vikas Garg27 Jul 212.52 Yr.

Data below for Invesco India Ultra Short Term Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash70.62%
Debt29.08%
Other0.3%
Debt Sector Allocation
SectorValue
Cash Equivalent45.68%
Corporate35.43%
Government18.6%
Credit Quality
RatingValue
AA16.02%
AAA83.98%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
364 DTB 07032024
Sovereign Bonds | -
7%₹50 Cr5,000,000
Pipeline Infrastructure Limited
Debentures | -
5%₹35 Cr3,500,000
Oil And Natural Gas Corporation Limited
Debentures | -
5%₹35 Cr3,500,000
Jamnagar Utilities & Power Private Limited
Debentures | -
4%₹25 Cr2,500,000
↑ 2,500,000
Indian Railway Finance Corporation Limited
Debentures | -
4%₹25 Cr2,500,000
Bharti Hexacom Limited
Debentures | -
3%₹20 Cr2,000,000
Bharti Telecom Limited
Debentures | -
2%₹17 Cr1,700,000
08.10 Wb Sdl 2025mar
Sovereign Bonds | -
2%₹15 Cr1,500,000
PNb Housing Finance Limited
Debentures | -
2%₹15 Cr1,500,000
05.80 MH Sdl 2025
Sovereign Bonds | -
2%₹15 Cr1,500,000

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 7.2% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2023 was 6.8% , 2022 was 4.5% and 2021 was 3.2% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (28 Feb 24) ₹38.9897 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹12,414 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.47
Sharpe Ratio -0.51
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 7.83%
Effective Maturity 7 Months 6 Days
Modified Duration 5 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,760
31 Jan 21₹11,346
31 Jan 22₹11,731
31 Jan 23₹12,274
31 Jan 24₹13,120

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 28 Feb 24

DurationReturns
1 Month 0.7%
3 Month 1.8%
6 Month 3.3%
1 Year 7%
3 Year 5.1%
5 Year 5.6%
10 Year
15 Year
Since launch 7.2%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.8%
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%
Fund Manager information for Kotak Savings Fund
NameSinceTenure
Deepak Agrawal15 Apr 0815.81 Yr.
Manu Sharma1 Nov 221.25 Yr.
Palha Khanna3 Jul 230.58 Yr.

Data below for Kotak Savings Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash64.06%
Debt35.71%
Other0.24%
Debt Sector Allocation
SectorValue
Corporate58.65%
Government21.34%
Cash Equivalent19.78%
Credit Quality
RatingValue
AA8.26%
AAA91.74%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
4%₹462 Cr4,650
↑ 2,650
Mahindra & Mahindra Financial Services Ltd
Debentures | -
3%₹349 Cr3,500
182 DTB 14032024
Sovereign Bonds | -
3%₹346 Cr35,000,000
India (Republic of)
- | -
3%₹346 Cr35,000,000
182 DTB 29022024
Sovereign Bonds | -
2%₹317 Cr31,981,000
08.35 SBI RT SB 2024
Domestic Bonds | -
2%₹301 Cr30,000,000
Bank of Baroda
Debentures | -
2%₹286 Cr29,500
↑ 29,500
India (Republic of)
- | -
2%₹243 Cr25,000,000
Small Industries Development Bank of India
Debentures | -
2%₹233 Cr25,000
Rural Electrification Corporation Limited
Debentures | -
2%₹209 Cr2,100

5. 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 6.8% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2023 was 6.7% , 2022 was 4.2% and 2021 was 6.1% .

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund
Growth
Launch Date 29 Aug 03
NAV (28 Feb 24) ₹3,859.1 ↑ 0.78   (0.02 %)
Net Assets (Cr) ₹1,815 on 31 Jan 24
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.95
Sharpe Ratio -0.9
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.89%
Effective Maturity 4 Months 19 Days
Modified Duration 4 Months 12 Days

Growth of 10,000 investment over the years.

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,318
31 Jan 21₹10,824
31 Jan 22₹11,491
31 Jan 23₹12,003
31 Jan 24₹12,823

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 28 Feb 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.4%
1 Year 6.9%
3 Year 5.9%
5 Year 5.1%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 6.7%
2022 4.2%
2021 6.1%
2020 5.3%
2019 3.3%
2018 7%
2017 6.6%
2016 8.9%
2015 8.5%
2014 8.8%
Fund Manager information for UTI Ultra Short Term Fund
NameSinceTenure
Ritesh Nambiar1 Jul 158.59 Yr.

Data below for UTI Ultra Short Term Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash71.62%
Debt28.11%
Other0.28%
Debt Sector Allocation
SectorValue
Cash Equivalent50.49%
Corporate45.2%
Government4.03%
Credit Quality
RatingValue
AA17.94%
AAA82.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
364 DTB 22032024
Sovereign Bonds | -
5%₹99 Cr1,000,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹50 Cr500
Torrent Power Limited
Debentures | -
3%₹50 Cr500
G R Infraprojects Limited
Debentures | -
3%₹50 Cr500
LIC Housing Finance Limited
Debentures | -
3%₹50 Cr500
182 DTB 29032024
Sovereign Bonds | -
3%₹49 Cr500,000,000
Small Industries Development Bank of India
Debentures | -
3%₹47 Cr500,000,000
Jamnagar Utilities & Power Private Limited
Debentures | -
2%₹40 Cr400
India Grid TRust
Debentures | -
1%₹25 Cr250
Motilal Oswal Finvest Limited
Debentures | -
1%₹25 Cr2,500

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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