Fincash » Mutual Funds » Ultra Short Term Funds Vs Fixed Deposits
Table of Contents
- What are Ultra Short Term Funds?
- What are Fixed Deposits?
- Ultra Short Term Funds or Fixed Deposit: Which One is Better?
- 10 Best Performing Ultra Short Term Funds
Top 10 Debt - Ultrashort Bond Funds
- Aditya Birla Sun Life Savings Fund
- Nippon India Ultra Short Duration Fund
- UTI Ultra Short Term Fund
- ICICI Prudential Ultra Short Term Fund
- Invesco India Ultra Short Term Fund
- Principal Ultra Short Term Fund
- Kotak Savings Fund
- SBI Magnum Ultra Short Duration Fund
- DSP BlackRock Money Manager Fund
- Canara Robeco Ultra Short Term Fund
Ultra Short Term Funds V/s Fixed Deposits
Are you Confused where to invest money for short-term? Do you get confused while choosing between Ultra short term funds and Fixed Deposits? Don’t worry, your questions will be answered here. Ultra Short Term Funds is a Mutual Fund category that invests in fixed Income instruments having short maturity periods. Fixed Deposit or FD on the other hand, is an investment avenue in which people deposit a certain sum of money for a given timeframe and get it back on maturity along with interest. So, let us have a look at which one out of Ultra Short Term Funds and Fixed deposits is better to invest.
What are Ultra Short Term Funds?
Ultra Short Term Funds is a type of Debt fund. This scheme invests its corpus in Fixed Income instruments whose maturity tenure generally ranges between 91 days to 1 year. This scheme is considered a notch above Liquid Funds and people who are willing to take the marginally higher risk can choose to invest in Ultra Short Term Funds to earn more returns.
What are Fixed Deposits?
Fixed deposit or FD is a traditional source of investment where people need to keep a certain sum of money deposited for a particular tenure. This money invested earns interest. It can be chosen a good investment avenue for short-term as well as long-term tenure. The interest rate on FD is predetermined and its returns are taxable in the hands of investors.
Ultra Short Term Funds or Fixed Deposit: Which One is Better?
Since both the investment avenues have their own characteristics and features, let us check which investment avenue is the best based on various parameters.
Minimum Investment
The minimum investment in case of Fixed Deposits ranges between to₹1,000-₹10,000 depending on the Bank. However, in case of Ultra Short Term Funds, the minimum investment is ₹500 through SIP mode of investment and ₹1,000 through lumpsum mode of investment.
Interest Rate
With respect to the interest rate, FDs have a predetermined interest rate which does not change with the due course of time. However, in case of Ultra Short Term Funds, the returns are variable depending on the performance of the scheme. Currently, as per FY 2017-18, the FD rates Range between 6%-7% approximately if the investment is kept for one year. However, in case of Ultra Short Term Funds, the returns ranged approximately more than 7% if the investment is held for one year.
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Tenure
FDs can be used as an investment for both short and long-term tenures. This is because it is considered to be the traditional investment avenue. On the contrary, Ultra Short Term fund is generally, used for a short-term investment tenure. People who have excess funds in their Savings Account can choose to invest in this scheme to earn more. During the investment tenure, people cannot withdraw their funds from the fixed deposit. Even if they need to withdraw, they need to pay certain fixed charges to the bank. On the other hand, people Investing their money in Ultra Short Term Funds can withdraw their money easily as compared fixed deposits. In many of the schemes, investors need not pay any exit load during Redemption.
Risk-Appetite
FDs are considered to be risk-free investment avenue wherein; the deposits are considered to be safer. On the contrary, people choosing to invest in Ultra Short Term Funds are able to take a marginally higher level of risk to earn higher returns.
Liquidity
The liquidity in case of ultra short-term funds is higher as compared to fixed deposits. It is comparatively easier to withdraw money from these schemes as compared to a fixed deposit.
Taxation
The taxation rules for both ultra short-term funds and fixed deposits both are different. In case of interest earned on fixed deposit, the money is added to the investor’s income and is taxed as per the individual’s regular tax slab. However, the returns earned in case of the ultra short-term fund is taxable as per the debt funds. As per the rule, if the investment in the ultra short-term fund is held for more than three years then, long-term Capital gains is applicable while if the tenure is less than three years, then short-term capital gains is applicable. In case of long-term Capital Gain, it is taxed at 20% with indexation benefits and for short-term capital gains, it is added to income and taxed as per individual’s slab rate.
The table given below summarizes the comparison between Ultra Short Term Funds and fixed deposits.
| Parameters | Ultra Short Term Funds | Fixed Deposits |
|---|---|---|
| Returns | Varies as per the Scheme’s performance | Predetermined |
| Minimum Investment | Starts with ₹500 in SIP and ₹1,000 in Lumpsum | Ranges between ₹1,000-₹10,000 |
| Tenure | Generally used for short-term | Both Short and Long-term tenure |
| Risk | Marginally High | Low |
| Liquidity | High | Low |
| Taxation | Short-term: Taxed as per individual’s slab rates Long-term: Taxed at 20% and had taxation benefits | Taxed as per individual’s slab rates |
10 Best Performing Ultra Short Term Funds
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 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 (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 (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 Principal Retail Money Manager Fund) To generate steady return by investing in debt and money market securities.
The portfolio will be predominantly invested in overnight repo, CBLO, floating rate instruments and other fixed income instruments. Principal Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 28 Dec 07. It is a fund with Moderately Low risk and has given a Below is the key information for Principal 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 SBI Magnum InstaCash Fund) To provide the investors an opportunity to earn returns through investment in
debt & money market securities, while having the benefit of a very high degree of liquidity. SBI Magnum Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 21 May 99. It is a fund with Low risk and has given a Below is the key information for SBI Magnum Ultra Short Duration Fund Returns up to 1 year are on "The primary investment objective of the Scheme is to seek to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities. However, there can be no assurance that the investment objective of the Scheme will be realized." DSP BlackRock Money Manager Fund is a Debt - Ultrashort Bond fund was launched on 31 Jul 06. It is a fund with Moderately Low risk and has given a Below is the key information for DSP BlackRock Money Manager Fund Returns up to 1 year are on (Erstwhile Canara Robeco Treasury Advantage Fund) To generate income/capital appreciation through a low risk strategy by investment in Money Market Instruments (MMI). However, there can be no assurance that the investment objective of the scheme will be realized. Canara Robeco Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 14 Jul 08. It is a fund with Low risk and has given a Below is the key information for Canara Robeco 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 2024 was 7.9% , 2023 was 7.2% and 2022 was 4.8% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (29 Apr 25) ₹541.858 ↑ 0.07 (0.01 %) Net Assets (Cr) ₹13,294 on 31 Mar 25 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.54 Sharpe Ratio 3.09 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.75% Effective Maturity 7 Months 28 Days Modified Duration 6 Months 25 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,634 31 Mar 22 ₹11,077 31 Mar 23 ₹11,676 31 Mar 24 ₹12,543 31 Mar 25 ₹13,517 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Apr 25 Duration Returns 1 Month 0.9% 3 Month 2.2% 6 Month 4.1% 1 Year 8% 3 Year 7.1% 5 Year 6.3% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.9% 2022 7.2% 2021 4.8% 2020 3.9% 2019 7% 2018 8.5% 2017 7.6% 2016 7.2% 2015 9.2% 2014 8.9% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 10.79 Yr. Kaustubh Gupta 15 Jul 11 13.72 Yr. Monika Gandhi 22 Mar 21 4.03 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 39.41% Debt 60.27% Other 0.31% Debt Sector Allocation
Sector Value Corporate 66.69% Cash Equivalent 20.4% Government 12.6% Credit Quality
Rating Value AA 39.1% AAA 60.9% Top Securities Holdings / Portfolio
Name Holding Value Quantity Shriram Finance Company Limited
Debentures | -4% ₹606 Cr 60,000 Nirma Limited
Debentures | -3% ₹488 Cr 48,500 364 DTB
Sovereign Bonds | -3% ₹474 Cr 47,500,000 Small Industries Development Bank of India
Debentures | -3% ₹424 Cr 9,000 Aditya BSL Liquid Dir Gr
Investment Fund | -2% ₹351 Cr 8,342,533
↑ 564,007 182 DTB 29082025
Sovereign Bonds | -2% ₹342 Cr 35,000,000
↑ 35,000,000 Mankind Pharma Ltd
Debentures | -2% ₹308 Cr 30,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹304 Cr 30,000
↑ 30,000 Avanse Financial Services Ltd 9.40%
Debentures | -2% ₹301 Cr 30,000 ICICI Home Finance Company Limited
Debentures | -2% ₹271 Cr 27,000 2. Nippon India Ultra Short Duration Fund
CAGR/Annualized return of 6.1% since its launch. Ranked 62 in Ultrashort Bond category. Return for 2024 was 7.2% , 2023 was 6.7% and 2022 was 4.6% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (29 Apr 25) ₹3,984.55 ↑ 0.60 (0.02 %) Net Assets (Cr) ₹6,498 on 31 Mar 25 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.14 Sharpe Ratio 1.08 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.73% Effective Maturity 7 Months 1 Day Modified Duration 5 Months 4 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,494 31 Mar 22 ₹11,303 31 Mar 23 ₹11,890 31 Mar 24 ₹12,714 31 Mar 25 ₹13,630 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Apr 25 Duration Returns 1 Month 0.7% 3 Month 2% 6 Month 3.7% 1 Year 7.4% 3 Year 6.6% 5 Year 6.6% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 6.7% 2021 4.6% 2020 7.8% 2019 4.9% 2018 0.9% 2017 7.3% 2016 5.8% 2015 6.8% 2014 7.6% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 11.51 Yr. Kinjal Desai 25 May 18 6.86 Yr. Akshay Sharma 1 Dec 22 2.33 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 53.07% Debt 46.66% Other 0.27% Debt Sector Allocation
Sector Value Corporate 58.2% Cash Equivalent 25.5% Government 16.03% Credit Quality
Rating Value AA 15.61% AAA 84.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹311 Cr 3,100 182 Days Tbill
Sovereign Bonds | -3% ₹244 Cr 25,000,000
↑ 25,000,000 182 DTB 12062025
Sovereign Bonds | -3% ₹243 Cr 24,500,000 Small Industries Development Bank Of India
Debentures | -3% ₹200 Cr 2,000 182 Days Tbill
Sovereign Bonds | -2% ₹195 Cr 20,000,000
↑ 20,000,000 Indinfravit Trust
Debentures | -2% ₹187 Cr 19,500 Rec Limited
Debentures | -2% ₹184 Cr 1,850 HDFC Credila Financial Services Ltd
Debentures | -2% ₹167 Cr 16,500 Vedanta Limited
Debentures | -2% ₹165 Cr 16,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹126 Cr 12,500 3. UTI Ultra Short Term Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2024 was 7.2% , 2023 was 6.7% and 2022 was 4.2% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (29 Apr 25) ₹4,193.2 ↑ 0.62 (0.01 %) Net Assets (Cr) ₹3,143 on 31 Mar 25 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.96 Sharpe Ratio 0.91 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.57% Effective Maturity 6 Months 23 Days Modified Duration 5 Months 23 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,498 31 Mar 22 ₹11,148 31 Mar 23 ₹11,703 31 Mar 24 ₹12,516 31 Mar 25 ₹13,414 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Apr 25 Duration Returns 1 Month 0.7% 3 Month 2% 6 Month 3.7% 1 Year 7.3% 3 Year 6.5% 5 Year 6.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 6.7% 2021 4.2% 2020 6.1% 2019 5.3% 2018 3.3% 2017 7% 2016 6.6% 2015 8.9% 2014 8.5% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Anurag Mittal 21 Jan 25 0.19 Yr. Data below for UTI Ultra Short Term Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 64.68% Debt 35.1% Other 0.22% Debt Sector Allocation
Sector Value Corporate 49.45% Cash Equivalent 37.98% Government 12.34% Credit Quality
Rating Value AA 18.56% AAA 81.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Days Tbill
Sovereign Bonds | -4% ₹146 Cr 1,500,000,000
↑ 500,000,000 Small Industries Development Bank Of India
Debentures | -3% ₹130 Cr 1,300
↑ 500 Bajaj Housing Finance Limited
Debentures | -3% ₹101 Cr 1,000 182 Days Tbill
Sovereign Bonds | -3% ₹98 Cr 1,000,000,000 Small Industries Development Bank Of India
Debentures | -2% ₹75 Cr 750 LIC Housing Finance Ltd
Debentures | -2% ₹75 Cr 750 Indian Bank
Domestic Bonds | -2% ₹71 Cr 750,000,000 Small Industries Development Bank Of India
Debentures | -1% ₹50 Cr 500 Export Import Bank Of India
Debentures | -1% ₹50 Cr 500 Can Fin Homes Limited
Debentures | -1% ₹50 Cr 500 4. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2024 was 7.5% , 2023 was 6.9% and 2022 was 4.5% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (29 Apr 25) ₹27.3779 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹12,674 on 31 Mar 25 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 1.69 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 7.53% Effective Maturity 7 Months 28 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,589 31 Mar 22 ₹11,009 31 Mar 23 ₹11,594 31 Mar 24 ₹12,428 31 Mar 25 ₹13,344 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Apr 25 Duration Returns 1 Month 0.8% 3 Month 2.1% 6 Month 3.8% 1 Year 7.5% 3 Year 6.8% 5 Year 6.1% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.5% 2022 6.9% 2021 4.5% 2020 4% 2019 6.5% 2018 8.4% 2017 7.5% 2016 6.9% 2015 9.8% 2014 9.1% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 8.38 Yr. Ritesh Lunawat 15 Jun 17 7.8 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 47.44% Debt 52.28% Other 0.28% Debt Sector Allocation
Sector Value Corporate 56.44% Cash Equivalent 23.12% Government 20.17% Credit Quality
Rating Value AA 21.29% AAA 78.71% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2028
Sovereign Bonds | -4% ₹585 Cr 58,000,000 182 Days Tbill
Sovereign Bonds | -4% ₹488 Cr 50,000,000 LIC Housing Finance Limited
Debentures | -3% ₹437 Cr 4,350 Bharti Telecom Limited
Debentures | -2% ₹327 Cr 32,500
↓ -2,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹307 Cr 30,500 Small Industries Development Bank Of India
Debentures | -2% ₹300 Cr 3,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹300 Cr 3,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹251 Cr 2,500 LIC Housing Finance Limited
Debentures | -2% ₹226 Cr 2,250 Oberoi Realty Ltd.
Debentures | -1% ₹201 Cr 20,000 5. Invesco India Ultra Short Term Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 40 in Ultrashort Bond category. Return for 2024 was 7.5% , 2023 was 6.6% and 2022 was 4.1% . Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (29 Apr 25) ₹2,667.65 ↑ 0.44 (0.02 %) Net Assets (Cr) ₹859 on 31 Mar 25 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.74 Sharpe Ratio 1.38 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.49% Effective Maturity 7 Months 2 Days Modified Duration 6 Months 13 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,449 31 Mar 22 ₹10,784 31 Mar 23 ₹11,305 31 Mar 24 ₹12,113 31 Mar 25 ₹12,995 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Apr 25 Duration Returns 1 Month 0.7% 3 Month 2.1% 6 Month 3.8% 1 Year 7.5% 3 Year 6.6% 5 Year 5.4% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.5% 2022 6.6% 2021 4.1% 2020 3% 2019 5.1% 2018 7.6% 2017 7.3% 2016 7.1% 2015 9.1% 2014 8.3% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 5.24 Yr. Vikas Garg 27 Jul 21 3.68 Yr. Data below for Invesco India Ultra Short Term Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 37.55% Debt 62.08% Other 0.37% Debt Sector Allocation
Sector Value Corporate 60.8% Cash Equivalent 25.46% Government 13.37% Credit Quality
Rating Value AA 39.25% AAA 60.75% Top Securities Holdings / Portfolio
Name Holding Value Quantity Small Industries Development Bank Of India
Debentures | -8% ₹85 Cr 8,500,000 National Bank For Agriculture And Rural Development
Debentures | -5% ₹50 Cr 5,000,000 Cholamandalam Investment And Finance Company Limited
Debentures | -4% ₹40 Cr 4,000,000 Export Import Bank Of India
Debentures | -4% ₹40 Cr 4,000,000 Torrent Power Limited
Debentures | -2% ₹25 Cr 2,500,000 Bharti Telecom Limited
Debentures | -2% ₹25 Cr 2,500,000 Godrej Industries Limited
Debentures | -2% ₹25 Cr 2,500,000 Tata Projects Ltd.
Debentures | -2% ₹25 Cr 2,500,000 Tata Realty And Infrastructure Limited
Debentures | -2% ₹25 Cr 2,500,000 Bharti Telecom Limited
Debentures | -2% ₹25 Cr 2,500,000 6. Principal Ultra Short Term Fund
CAGR/Annualized return of 5.8% since its launch. Ranked 43 in Ultrashort Bond category. Return for 2024 was 6.4% , 2023 was 6.1% and 2022 was 3.7% . Principal Ultra Short Term Fund
Growth Launch Date 28 Dec 07 NAV (29 Apr 25) ₹2,659.79 ↑ 0.35 (0.01 %) Net Assets (Cr) ₹1,723 on 31 Mar 25 Category Debt - Ultrashort Bond AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.41 Sharpe Ratio -2.05 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,000 Exit Load NIL Yield to Maturity 7.35% Effective Maturity 7 Months 22 Days Modified Duration 7 Months 13 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,344 31 Mar 22 ₹10,630 31 Mar 23 ₹11,112 31 Mar 24 ₹11,801 31 Mar 25 ₹12,561 Returns for Principal Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Apr 25 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.4% 1 Year 6.6% 3 Year 5.9% 5 Year 4.7% 10 Year 15 Year Since launch 5.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.4% 2022 6.1% 2021 3.7% 2020 2.7% 2019 4.1% 2018 6.5% 2017 1.2% 2016 6.3% 2015 7.9% 2014 8.8% Fund Manager information for Principal Ultra Short Term Fund
Name Since Tenure Dwijendra Srivastava 16 May 22 2.88 Yr. Sandeep Agarwal 1 Jan 22 3.25 Yr. Data below for Principal Ultra Short Term Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 85.72% Debt 14.04% Other 0.24% Debt Sector Allocation
Sector Value Corporate 48.52% Cash Equivalent 44.97% Government 6.28% Credit Quality
Rating Value AA 8.65% AAA 91.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Telecom Limited
Debentures | -3% ₹70 Cr 7,000 Rural Electrification Corporation Limited
Debentures | -2% ₹55 Cr 5,500 182 Days Tbill Red 23-05-2025
Sovereign Bonds | -2% ₹40 Cr 4,000,000 Shriram Finance Limited
Debentures | -1% ₹30 Cr 3,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -1% ₹28 Cr 600 National Bank For Agriculture And Rural Development
Debentures | -1% ₹25 Cr 2,500 Hdb Financial Services Limited
Debentures | -1% ₹25 Cr 250 182 Days Tbill (Md 01/05/2025)
Sovereign Bonds | -1% ₹25 Cr 2,500,000 National Bank For Agriculture And Rural Development
Debentures | -1% ₹25 Cr 250 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -1% ₹20 Cr 200 7. Kotak Savings Fund
CAGR/Annualized return of 7.2% since its launch. Ranked 44 in Ultrashort Bond category. Return for 2024 was 7.2% , 2023 was 6.8% and 2022 was 4.5% . Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (29 Apr 25) ₹42.4061 ↑ 0.01 (0.01 %) Net Assets (Cr) ₹11,873 on 31 Mar 25 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.8 Sharpe Ratio 0.92 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.32% Effective Maturity 6 Months 14 Days Modified Duration 6 Months 4 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,510 31 Mar 22 ₹10,871 31 Mar 23 ₹11,437 31 Mar 24 ₹12,236 31 Mar 25 ₹13,117 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Apr 25 Duration Returns 1 Month 0.8% 3 Month 2.1% 6 Month 3.7% 1 Year 7.4% 3 Year 6.6% 5 Year 5.6% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 6.8% 2021 4.5% 2020 3.2% 2019 5.8% 2018 7.8% 2017 7.4% 2016 6.7% 2015 8.2% 2014 8.6% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 16.97 Yr. Manu Sharma 1 Nov 22 2.42 Yr. Data below for Kotak Savings Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 65.31% Debt 34.4% Other 0.3% Debt Sector Allocation
Sector Value Corporate 57.68% Cash Equivalent 25.06% Government 16.97% Credit Quality
Rating Value AA 9.65% AAA 90.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 15052025
Sovereign Bonds | -4% ₹498 Cr 50,000,000 Rural Electrification Corporation Limited
Debentures | -4% ₹478 Cr 47,500 National Bank For Agriculture And Rural Development
Debentures | -3% ₹462 Cr 46,000 Mankind Pharma Ltd
Debentures | -2% ₹303 Cr 30,000 364 DTB 19mar2026
Sovereign Bonds | -2% ₹237 Cr 25,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹231 Cr 2,300 Bharti Telecom Limited
Debentures | -2% ₹226 Cr 2,250 Bajaj Housing Finance Limited
Debentures | -2% ₹216 Cr 2,150 08.49 Tn SDL 2026
Sovereign Bonds | -2% ₹204 Cr 20,080,000 Vedanta Limited
Debentures | -1% ₹200 Cr 20,000 8. SBI Magnum Ultra Short Duration Fund
CAGR/Annualized return of 7.1% since its launch. Return for 2024 was 7.4% , 2023 was 7% and 2022 was 4.5% . SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (29 Apr 25) ₹5,908.39 ↑ 0.93 (0.02 %) Net Assets (Cr) ₹12,470 on 31 Mar 25 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.54 Sharpe Ratio 1.98 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.28% Effective Maturity 8 Months 16 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,516 31 Mar 22 ₹10,893 31 Mar 23 ₹11,453 31 Mar 24 ₹12,277 31 Mar 25 ₹13,186 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Apr 25 Duration Returns 1 Month 0.8% 3 Month 2.1% 6 Month 3.8% 1 Year 7.6% 3 Year 6.7% 5 Year 5.7% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.4% 2022 7% 2021 4.5% 2020 3.4% 2019 5.9% 2018 8% 2017 7.9% 2016 6.6% 2015 7.7% 2014 8.3% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Rajeev Radhakrishnan 27 Dec 24 0.26 Yr. Ardhendu Bhattacharya 1 Dec 23 1.33 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 64.13% Debt 35.63% Other 0.24% Debt Sector Allocation
Sector Value Cash Equivalent 42.14% Corporate 41.44% Government 16.18% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd.
Debentures | -4% ₹564 Cr 12,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹423 Cr 4,250 7.3% Govt Stock 2028
Sovereign Bonds | -3% ₹418 Cr 41,500,000 Hdb Financial Services Limited
Debentures | -2% ₹346 Cr 34,500 INDIA UNIVERSAL TRUST AL2
Unlisted bonds | -2% ₹322 Cr 400 Citicorp Finance (India) Limited
Debentures | -2% ₹251 Cr 25,000 Rec Limited
Debentures | -2% ₹243 Cr 2,450 05.95 Tn SDL 2025
Sovereign Bonds | -2% ₹230 Cr 23,000,000
↑ 5,000,000 Tata Capital Housing Finance Limited
Debentures | -2% ₹221 Cr 2,200 08.18 HR UDAY 2025
Domestic Bonds | -2% ₹211 Cr 21,000,000 9. DSP BlackRock Money Manager Fund
CAGR/Annualized return of 6.7% since its launch. Ranked 75 in Ultrashort Bond category. Return for 2024 was 6.9% , 2023 was 6.7% and 2022 was 4.1% . DSP BlackRock Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (29 Apr 25) ₹3,370.3 ↑ 0.52 (0.02 %) Net Assets (Cr) ₹3,349 on 31 Mar 25 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio 0.58 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.26% Effective Maturity 5 Months 23 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,414 31 Mar 22 ₹10,733 31 Mar 23 ₹11,251 31 Mar 24 ₹12,023 31 Mar 25 ₹12,882 Returns for DSP BlackRock Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Apr 25 Duration Returns 1 Month 0.7% 3 Month 2.2% 6 Month 3.8% 1 Year 7.3% 3 Year 6.4% 5 Year 5.2% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.9% 2022 6.7% 2021 4.1% 2020 2.9% 2019 4.7% 2018 7.3% 2017 5% 2016 6% 2015 7.5% 2014 7.9% Fund Manager information for DSP BlackRock Money Manager Fund
Name Since Tenure Karan Mundhra 31 May 21 3.84 Yr. Shalini Vasanta 1 Jan 25 0.25 Yr. Data below for DSP BlackRock Money Manager Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 65.9% Debt 33.74% Other 0.36% Debt Sector Allocation
Sector Value Corporate 50.14% Cash Equivalent 32.8% Government 16.7% Credit Quality
Rating Value AA 5.09% AAA 94.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity LIC Housing Finance Ltd
Debentures | -4% ₹158 Cr 1,500 364 DTB 06112025
Sovereign Bonds | -3% ₹97 Cr 10,000,000 Small Industries Development Bank Of India
Debentures | -2% ₹79 Cr 750 Small Industries Development Bank Of India
Debentures | -2% ₹79 Cr 750
↑ 500 182 DTB 31072025
Sovereign Bonds | -2% ₹64 Cr 6,500,000 Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹62 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -1% ₹53 Cr 5,000 LIC Housing Finance Ltd
Debentures | -1% ₹53 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -1% ₹53 Cr 500
↑ 250 Tata Capital Housing Finance Limited
Debentures | -1% ₹52 Cr 500
↑ 500 10. Canara Robeco Ultra Short Term Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 72 in Ultrashort Bond category. Return for 2024 was 6.8% , 2023 was 6.4% and 2022 was 3.9% . Canara Robeco Ultra Short Term Fund
Growth Launch Date 14 Jul 08 NAV (29 Apr 25) ₹3,759.43 ↑ 0.61 (0.02 %) Net Assets (Cr) ₹491 on 31 Mar 25 Category Debt - Ultrashort Bond AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆ Risk Low Expense Ratio 0.95 Sharpe Ratio -0.22 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.22% Effective Maturity 7 Months 13 Days Modified Duration 6 Months Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹10,384 31 Mar 22 ₹10,675 31 Mar 23 ₹11,177 31 Mar 24 ₹11,907 31 Mar 25 ₹12,726 Returns for Canara Robeco Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 Apr 25 Duration Returns 1 Month 0.7% 3 Month 2% 6 Month 3.6% 1 Year 7.1% 3 Year 6.2% 5 Year 5% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.8% 2022 6.4% 2021 3.9% 2020 2.6% 2019 4.5% 2018 6.6% 2017 6.1% 2016 5.7% 2015 7.3% 2014 8.4% Fund Manager information for Canara Robeco Ultra Short Term Fund
Name Since Tenure Avnish Jain 1 Apr 22 3 Yr. Kunal Jain 16 Sep 24 0.54 Yr. Data below for Canara Robeco Ultra Short Term Fund as on 31 Mar 25
Asset Allocation
Asset Class Value Cash 76.75% Debt 22.95% Other 0.3% Debt Sector Allocation
Sector Value Cash Equivalent 55.48% Corporate 37.06% Government 7.16% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -6% ₹35 Cr 350 LIC Housing Finance Ltd
Debentures | -5% ₹30 Cr 300 Bajaj Housing Finance Limited
Debentures | -4% ₹25 Cr 250 Kotak Mahindra Prime Limited
Debentures | -4% ₹25 Cr 2,500 HDB Financial Services Ltd. 8.04%
Debentures | -4% ₹23 Cr 230
↑ 230 Bajaj Finance Limited
Debentures | -2% ₹10 Cr 100 7.81% Govt Stock 2033
Sovereign Bonds | -1% ₹5 Cr 500,000 Power Finance Corporation Ltd.
Debentures | -1% ₹5 Cr 50 CORPORATE DEBT MARKET DEVELOPMENT FUND CLASS A2
Investment Fund | -0% ₹2 Cr 1,529 Treps
CBLO/Reverse Repo | -11% ₹59 Cr
Thus, from the above-given parameters, we can conclude that Ultra Short Term Funds are a better option as compared to fixed deposits.
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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