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5 Best Ultra Short Term Debt Funds for SIP 2024
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
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹500.787
↑ 0.17 ₹12,705 1,000 2.1 3.8 7.6 5.8 7.2 8% 5M 12D 6M 4D ICICI Prudential Ultra Short Term Fund Growth ₹25.4132
↑ 0.01 ₹13,883 1,000 2 3.7 7.3 5.6 6.9 7.97% 4M 13D 4M 24D Invesco India Ultra Short Term Fund Growth ₹2,478.22
↑ 0.51 ₹630 1,000 2.1 3.8 7.2 5.1 6.6 7.74% 5M 12D 5M 24D Kotak Savings Fund Growth ₹39.4215
↑ 0.01 ₹12,814 1,000 1.9 3.6 7.1 5.3 6.8 7.89% 5M 23D 7M 24D UTI Ultra Short Term Fund Growth ₹3,900.04
↑ 0.78 ₹2,197 500 1.9 3.6 7 6.1 6.7 7.92% 5M 20D 6M Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 24
*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 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 Below is the key information for Invesco India 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 (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 1. Aditya Birla Sun Life Savings Fund
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% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (16 Apr 24) ₹500.787 ↑ 0.17 (0.03 %) Net Assets (Cr) ₹12,705 on 29 Feb 24 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.52 Sharpe Ratio 1.49 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 8% Effective Maturity 6 Months 4 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,773 31 Mar 21 ₹11,456 31 Mar 22 ₹11,933 31 Mar 23 ₹12,579 31 Mar 24 ₹13,513 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 0.9% 3 Month 2.1% 6 Month 3.8% 1 Year 7.6% 3 Year 5.8% 5 Year 6.2% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Sunaina Cunha 20 Jun 14 9.79 Yr. Kaustubh Gupta 15 Jul 11 12.72 Yr. Monika Gandhi 22 Mar 21 3.03 Yr. Dhaval Joshi 21 Nov 22 1.36 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 31.2% Debt 68.48% Other 0.31% Debt Sector Allocation
Sector Value Corporate 62.25% Cash Equivalent 19.08% Government 18.23% Securitized 0.12% Credit Quality
Rating Value AA 32.11% AAA 67.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Limited
Debentures | -5% ₹597 Cr 6,000 Nirma Limited
Debentures | -4% ₹500 Cr 50,000 DBS Bank India Ltd.
Debentures | -4% ₹464 Cr 10,000
↑ 10,000 Tata Realty And Infrastructure Limited
Debentures | -3% ₹360 Cr 36,000 Hindalco Industries Limited
Debentures | -3% ₹350 Cr 35,000 Bharti Telecom Limited
Debentures | -3% ₹324 Cr 3,250 Pipeline Infrastructure Limited
Debentures | -3% ₹310 Cr 3,100 National Bank For Agriculture And Rural Development
Debentures | -2% ₹302 Cr 3,035 National Bank For Agriculture And Rural Development
Debentures | -2% ₹267 Cr 2,750 Nirma Limited 8.3%
Debentures | -2% ₹250 Cr 25,000 2. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2023 was 6.9% , 2022 was 4.5% and 2021 was 4% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (16 Apr 24) ₹25.4132 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹13,883 on 29 Feb 24 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 0.54 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 7.97% Effective Maturity 4 Months 24 Days Modified Duration 4 Months 13 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,791 31 Mar 21 ₹11,427 31 Mar 22 ₹11,880 31 Mar 23 ₹12,512 31 Mar 24 ₹13,412 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 0.8% 3 Month 2% 6 Month 3.7% 1 Year 7.3% 3 Year 5.6% 5 Year 6.1% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Manish Banthia 15 Nov 16 7.38 Yr. Ritesh Lunawat 15 Jun 17 6.8 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 58.47% Debt 41.29% Other 0.25% Debt Sector Allocation
Sector Value Corporate 53.47% Cash Equivalent 34.95% Government 11.34% Credit Quality
Rating Value AA 13.68% AAA 86.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -3% ₹376 Cr 40,000,000 India (Republic of)
- | -3% ₹374 Cr 40,000,000
↑ 40,000,000 Bharti Telecom Limited
Debentures | -3% ₹340 Cr 34,000
↑ 14,000 LIC Housing Finance Ltd
Debentures | -2% ₹295 Cr 2,950 India (Republic of)
- | -2% ₹285 Cr 30,000,000 HDFC Bank Ltd.
Debentures | -2% ₹280 Cr 6,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹275 Cr 2,750 Indusind Bank Ltd.
Debentures | -2% ₹234 Cr 5,000 Indusind Bank Ltd.
Debentures | -2% ₹210 Cr 4,500 Mahindra Rural Housing Finance Limited
Debentures | -1% ₹200 Cr 2,000 3. Invesco India Ultra Short Term Fund
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% . Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (16 Apr 24) ₹2,478.22 ↑ 0.51 (0.02 %) Net Assets (Cr) ₹630 on 29 Feb 24 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.89 Sharpe Ratio 0.24 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.74% Effective Maturity 5 Months 24 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,677 31 Mar 21 ₹11,157 31 Mar 22 ₹11,514 31 Mar 23 ₹12,070 31 Mar 24 ₹12,933 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 0.7% 3 Month 2.1% 6 Month 3.8% 1 Year 7.2% 3 Year 5.1% 5 Year 5.3% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Krishna Cheemalapati 4 Jan 20 4.24 Yr. Vikas Garg 27 Jul 21 2.68 Yr. Data below for Invesco India Ultra Short Term Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 43.05% Debt 56.61% Other 0.34% Debt Sector Allocation
Sector Value Corporate 56% Cash Equivalent 24.79% Government 18.88% Credit Quality
Rating Value AA 26.41% AAA 73.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity Pipeline Infrastructure Limited
Debentures | -6% ₹35 Cr 3,500,000 India (Republic of)
- | -6% ₹34 Cr 3,500,000
↑ 3,500,000 Power Grid Corporation Of India Limited
Debentures | -4% ₹25 Cr 2,500,000
↑ 1,500,000 Jamnagar Utilities & Power Private Limited
Debentures | -4% ₹25 Cr 2,500,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹25 Cr 2,500,000 182 DTB 22082024
Sovereign Bonds | -4% ₹24 Cr 2,500,000
↑ 2,500,000 Power Finance Corporation Limited
Debentures | -3% ₹20 Cr 2,000,000
↑ 2,000,000 LIC Housing Finance Ltd
Debentures | -3% ₹20 Cr 2,000,000 Bharti Hexacom Limited
Debentures | -3% ₹20 Cr 2,000,000 PNb Housing Finance Limited
Debentures | -2% ₹15 Cr 1,500,000 4. Kotak Savings Fund
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% . Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (16 Apr 24) ₹39.4215 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹12,814 on 29 Feb 24 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.47 Sharpe Ratio -0.18 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.89% Effective Maturity 7 Months 24 Days Modified Duration 5 Months 23 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,712 31 Mar 21 ₹11,259 31 Mar 22 ₹11,646 31 Mar 23 ₹12,251 31 Mar 24 ₹13,108 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 0.8% 3 Month 1.9% 6 Month 3.6% 1 Year 7.1% 3 Year 5.3% 5 Year 5.6% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Deepak Agrawal 15 Apr 08 15.97 Yr. Manu Sharma 1 Nov 22 1.42 Yr. Palha Khanna 3 Jul 23 0.75 Yr. Data below for Kotak Savings Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 38.08% Debt 61.69% Other 0.24% Debt Sector Allocation
Sector Value Corporate 65.7% Government 22.95% Cash Equivalent 11.12% Credit Quality
Rating Value AA 9.48% AAA 90.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity Union Bank of India
Domestic Bonds | -4% ₹466 Cr 50,000 Rural Electrification Corporation Limited
Debentures | -4% ₹458 Cr 4,600
↑ 2,500 182 DTB 22082024
Sovereign Bonds | -3% ₹437 Cr 45,000,000 India (Republic of)
- | -3% ₹387 Cr 40,000,010
↑ 40,000,010 India (Republic of)
- | -3% ₹386 Cr 40,000,000
↑ 40,000,000 India (Republic of)
- | -3% ₹376 Cr 40,000,000 Mahindra And Mahindra Financial Services Limited
Debentures | -3% ₹349 Cr 3,500 Nirma Limited 0.083%
Debentures | -2% ₹250 Cr 25,000
↑ 5,000 182 DTB 29082024
Sovereign Bonds | -2% ₹242 Cr 25,000,000 IDFC First Bank Ltd.
Debentures | -2% ₹233 Cr 25,000 5. UTI Ultra Short Term Fund
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% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (16 Apr 24) ₹3,900.04 ↑ 0.78 (0.02 %) Net Assets (Cr) ₹2,197 on 29 Feb 24 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio -0.43 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.92% Effective Maturity 6 Months Modified Duration 5 Months 20 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,249 31 Mar 21 ₹10,759 31 Mar 22 ₹11,426 31 Mar 23 ₹11,994 31 Mar 24 ₹12,828 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.6% 1 Year 7% 3 Year 6.1% 5 Year 5.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Ritesh Nambiar 1 Jul 15 8.76 Yr. Data below for UTI Ultra Short Term Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 69.83% Debt 29.95% Other 0.22% Debt Sector Allocation
Sector Value Corporate 51.82% Cash Equivalent 41.62% Government 6.34% Credit Quality
Rating Value AA 20.4% AAA 79.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 DTB 22032024
Sovereign Bonds | -4% ₹100 Cr 1,000,000,000 G R Infraprojects Limited
Debentures | -2% ₹50 Cr 500 182 DTB 29032024
Sovereign Bonds | -2% ₹50 Cr 500,000,000 LIC Housing Finance Ltd
Debentures | -2% ₹50 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹50 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹49 Cr 500
↑ 250 ICICI Bank Ltd.
Debentures | -2% ₹47 Cr 500,000,000 Jamnagar Utilities & Power Private Limited
Debentures | -2% ₹40 Cr 400 Axis Finance Limited
Debentures | -1% ₹28 Cr 250
↑ 250 India Grid TRust
Debentures | -1% ₹25 Cr 250
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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