+91-22-48913909Ultra 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 funds. 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.
Fund Selection Methodology used to find 10 funds
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 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. Below is the key information for IDBI 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. Research Highlights for ICICI Prudential Ultra Short Term Fund Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on 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. Research Highlights for Aditya Birla Sun Life Savings Fund Below is the key information for Aditya Birla Sun Life 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. Research Highlights for UTI Ultra Short Term Fund Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Motilal Oswal MOSt Ultra Short Term Bond Fund) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Research Highlights for Motilal Oswal Ultra Short Term Fund Below is the key information for Motilal Oswal 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. Research Highlights for Kotak Savings Fund Below is the key information for Kotak Savings 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. Research Highlights for Invesco India Ultra Short Term Fund Below is the key information for Invesco India Ultra Short Term 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. Research Highlights for SBI Magnum Ultra Short Duration Fund 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." Research Highlights for DSP Money Manager Fund Below is the key information for DSP 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. Research Highlights for Canara Robeco Ultra Short Term Fund Below is the key information for Canara Robeco Ultra Short Term Fund Returns up to 1 year are on 1. IDBI Ultra Short Term Fund
IDBI Ultra Short Term Fund
Growth Launch Date 3 Sep 10 NAV (28 Jul 23) ₹2,424.68 ↑ 0.44 (0.02 %) Net Assets (Cr) ₹146 on 30 Jun 23 Category Debt - Ultrashort Bond AMC IDBI Asset Management Limited Rating ☆ Risk Moderately Low Expense Ratio 0.6 Sharpe Ratio -0.57 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.83% Effective Maturity 2 Months 23 Days Modified Duration 2 Months 10 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,395 31 Dec 22 ₹10,864 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.4% 1 Year 6.4% 3 Year 4.8% 5 Year 5.5% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for IDBI Ultra Short Term Fund
Name Since Tenure Data below for IDBI Ultra Short Term Fund as on 30 Jun 23
Asset Allocation
Asset Class Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. ICICI Prudential Ultra Short Term Fund
ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (22 Jan 26) ₹28.6252 ↑ 0.02 (0.06 %) Net Assets (Cr) ₹16,907 on 31 Dec 25 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.8 Sharpe Ratio 2.94 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 6.82% Effective Maturity 7 Months 10 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,400 31 Dec 22 ₹10,873 31 Dec 23 ₹11,624 31 Dec 24 ₹12,495 31 Dec 25 ₹13,380 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.4% 3 Month 1.3% 6 Month 2.8% 1 Year 6.9% 3 Year 7.1% 5 Year 6% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.1% 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% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 9.13 Yr. Ritesh Lunawat 15 Jun 17 8.55 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 63.83% Debt 35.9% Other 0.27% Debt Sector Allocation
Sector Value Corporate 64.79% Cash Equivalent 31.87% Government 3.07% Credit Quality
Rating Value AA 17.57% AAA 82.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹662 Cr 66,000 6.22% Govt Stock 2028
Sovereign Bonds | -4% ₹613 Cr 60,843,000
↓ -1,842,100 364 DTB 15012026
Sovereign Bonds | -3% ₹499 Cr 50,000,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -3% ₹450 Cr 450 Vedanta Limited
Debentures | -2% ₹352 Cr 35,000
↑ 5,000 Small Industries Development Bank Of India
Debentures | -2% ₹351 Cr 35,000 Piramal Finance Limited
Debentures | -2% ₹277 Cr 27,500 AU Small Finance Bank Ltd.
Debentures | -1% ₹234 Cr 5,000
↑ 5,000 Power Finance Corporation Limited
Debentures | -1% ₹230 Cr 2,300 LIC Housing Finance Ltd
Debentures | -1% ₹225 Cr 2,250 3. Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (22 Jan 26) ₹567.087 ↑ 0.36 (0.06 %) Net Assets (Cr) ₹23,615 on 31 Dec 25 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.55 Sharpe Ratio 3.14 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.81% Effective Maturity 6 Months 11 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,389 31 Dec 22 ₹10,884 31 Dec 23 ₹11,664 31 Dec 24 ₹12,580 31 Dec 25 ₹13,510 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.3% 3 Month 1.2% 6 Month 2.8% 1 Year 7.1% 3 Year 7.4% 5 Year 6.2% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.4% 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% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 11.54 Yr. Kaustubh Gupta 15 Jul 11 14.48 Yr. Monika Gandhi 22 Mar 21 4.78 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 47.86% Debt 51.91% Other 0.24% Debt Sector Allocation
Sector Value Corporate 53.86% Cash Equivalent 29.6% Government 16.31% Credit Quality
Rating Value AA 25.17% AAA 74.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity Shriram Finance Limited
Debentures | -3% ₹615 Cr 60,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹547 Cr 54,000 Nirma Limited
Debentures | -2% ₹486 Cr 48,500 Bharti Telecom Limited
Debentures | -2% ₹399 Cr 40,000
↑ 5,000 07.22 GJ Sdl 2028
Sovereign Bonds | -2% ₹376 Cr 37,500,000 Muthoot Finance Limited
Debentures | -1% ₹352 Cr 35,000 Mankind Pharma Limited
Debentures | -1% ₹347 Cr 34,500 National Bank For Agriculture And Rural Development
Debentures | -1% ₹304 Cr 30,000 Avanse Financial Services Limited
Debentures | -1% ₹301 Cr 30,000 Power Finance Corporation Limited
Debentures | -1% ₹298 Cr 30,000 4. UTI Ultra Short Term Fund
UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (22 Jan 26) ₹4,370.07 ↑ 1.86 (0.04 %) Net Assets (Cr) ₹3,655 on 31 Dec 25 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.93 Sharpe Ratio 1.85 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.78% Effective Maturity 6 Months 24 Days Modified Duration 5 Months 21 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,610 31 Dec 22 ₹11,058 31 Dec 23 ₹11,802 31 Dec 24 ₹12,653 31 Dec 25 ₹13,495 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.3% 3 Month 1.2% 6 Month 2.6% 1 Year 6.4% 3 Year 6.8% 5 Year 6.2% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.6% 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% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Abhishek Sonthalia 10 Nov 25 0.14 Yr. Data below for UTI Ultra Short Term Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 41.94% Debt 57.71% Other 0.35% Debt Sector Allocation
Sector Value Corporate 60.02% Government 22.37% Cash Equivalent 17.26% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -8% ₹293 Cr 3,000,000,000
↑ 3,000,000,000 National Bank For Agriculture And Rural Development
Debentures | -5% ₹201 Cr 20,000 Tbill
Sovereign Bonds | -4% ₹148 Cr 1,500,000,000
↑ 1,500,000,000 Shriram Finance Limited
Debentures | -3% ₹101 Cr 10,000 TATA Communications Limited
Debentures | -3% ₹100 Cr 10,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹100 Cr 10,000 DBS Bank India Ltd.
Debentures | -3% ₹99 Cr 1,000,000,000 Piramal Finance Limited
Debentures | -2% ₹86 Cr 8,500
↑ 3,500 Piramal Finance Limited
Debentures | -2% ₹75 Cr 7,500 Jamnagar Utilities & Power Private Limited
Debentures | -2% ₹75 Cr 750 5. Motilal Oswal Ultra Short Term Fund
Motilal Oswal Ultra Short Term Fund
Growth Launch Date 6 Sep 13 NAV (22 Jan 26) ₹16.9108 ↑ 0.01 (0.03 %) Net Assets (Cr) ₹513 on 31 Dec 25 Category Debt - Ultrashort Bond AMC Motilal Oswal Asset Management Co. Ltd Rating ☆ Risk Moderately Low Expense Ratio 0.93 Sharpe Ratio -3.63 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.74% Effective Maturity 5 Months 12 Days Modified Duration 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,237 31 Dec 22 ₹10,606 31 Dec 23 ₹11,220 31 Dec 24 ₹11,895 31 Dec 25 ₹12,544 Returns for Motilal Oswal Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.3% 3 Month 1% 6 Month 2.2% 1 Year 5.2% 3 Year 5.7% 5 Year 4.6% 10 Year 15 Year Since launch 4.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 5.5% 2023 6% 2022 5.8% 2021 3.6% 2020 2.4% 2019 4.3% 2018 6.2% 2017 -8.1% 2016 5.5% 2015 6.4% Fund Manager information for Motilal Oswal Ultra Short Term Fund
Name Since Tenure Rakesh Shetty 22 Nov 22 3.11 Yr. Data below for Motilal Oswal Ultra Short Term Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 71.29% Debt 28.41% Other 0.31% Debt Sector Allocation
Sector Value Corporate 37.95% Government 33.2% Cash Equivalent 28.54% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tbill
Sovereign Bonds | -14% ₹73 Cr 7,500,000
↑ 7,500,000 364 DTB 12022026
Sovereign Bonds | -6% ₹30 Cr 3,000,000 T-Bill
Sovereign Bonds | -5% ₹25 Cr 2,500,000 Bank of Baroda
Debentures | -5% ₹24 Cr 2,500,000 India (Republic of)
- | -5% ₹24 Cr 2,500,000 Corporate Debt Market Development Fund Class A2
Investment Fund | -0% ₹2 Cr 1,358
↑ 1,358 Punjab National Bank
Certificate of Deposit | -5% ₹25 Cr 2,500,000 Muthoot Finance Limited
Commercial Paper | -5% ₹25 Cr 2,500,000 National Bank For Agriculture And Rural Development
Certificate of Deposit | -5% ₹25 Cr 2,500,000 Kotak Mahindra Prime Limited
Commercial Paper | -5% ₹25 Cr 2,500,000 6. Kotak Savings Fund
Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (22 Jan 26) ₹44.2475 ↑ 0.03 (0.06 %) Net Assets (Cr) ₹14,243 on 31 Dec 25 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.81 Sharpe Ratio 2.06 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.66% Effective Maturity 6 Months 25 Days Modified Duration 5 Months 26 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,321 31 Dec 22 ₹10,781 31 Dec 23 ₹11,515 31 Dec 24 ₹12,349 31 Dec 25 ₹13,191 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.4% 3 Month 1.2% 6 Month 2.6% 1 Year 6.6% 3 Year 6.9% 5 Year 5.7% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.8% 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% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 17.73 Yr. Manu Sharma 1 Nov 22 3.17 Yr. Data below for Kotak Savings Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 54.54% Debt 45.14% Other 0.32% Debt Sector Allocation
Sector Value Corporate 55.15% Cash Equivalent 24.34% Government 20.19% Credit Quality
Rating Value AA 10.42% AAA 89.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Housing Finance Limited
Debentures | -5% ₹644 Cr 6,420 National Bank For Agriculture And Rural Development
Debentures | -4% ₹581 Cr 57,500 National Bank For Agriculture And Rural Development
Debentures | -4% ₹572 Cr 57,050
↑ 50 Rec Limited
Debentures | -3% ₹476 Cr 47,500 India (Republic of)
- | -2% ₹319 Cr 32,500,000 364 DTB 19mar2026
Sovereign Bonds | -2% ₹307 Cr 31,000,000 Mankind Pharma Limited
Debentures | -2% ₹302 Cr 30,000 364 Days Tbill Red 28-05-2026
Sovereign Bonds | -2% ₹245 Cr 25,000,000 Bank of Baroda
Debentures | -2% ₹244 Cr 25,000 6.22% Govt Stock 2028
Sovereign Bonds | -2% ₹227 Cr 22,500,000 7. Invesco India Ultra Short Term Fund
Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (22 Jan 26) ₹2,781.44 ↑ 0.92 (0.03 %) Net Assets (Cr) ₹1,234 on 31 Dec 25 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.74 Sharpe Ratio 2.41 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.57% Effective Maturity 5 Months 24 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,303 31 Dec 22 ₹10,726 31 Dec 23 ₹11,436 31 Dec 24 ₹12,291 31 Dec 25 ₹13,131 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.3% 3 Month 1.2% 6 Month 2.6% 1 Year 6.6% 3 Year 6.9% 5 Year 5.6% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.8% 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% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 6 Yr. Vikas Garg 27 Jul 21 4.44 Yr. Data below for Invesco India Ultra Short Term Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 56.06% Debt 43.61% Other 0.32% Debt Sector Allocation
Sector Value Corporate 60.05% Government 26.17% Cash Equivalent 13.46% Credit Quality
Rating Value AA 16.37% AAA 83.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -8% ₹99 Cr 10,000,000 Small Industries Development Bank Of India
Debentures | -4% ₹50 Cr 5,000,000 India (Republic of)
- | -4% ₹50 Cr 5,000,000 Summit Digitel Infrastructure Limited
Debentures | -3% ₹40 Cr 4,000,000 Sundaram Home Finance Limited
Debentures | -3% ₹35 Cr 3,500,000 Manappuram Finance Limited
Debentures | -2% ₹28 Cr 2,800,000 07.86 KA Sdl 2027
Sovereign Bonds | -2% ₹26 Cr 2,500,000 Power Finance Corporation Limited
Debentures | -2% ₹25 Cr 2,500,000 Piramal Finance Limited
Debentures | -2% ₹25 Cr 2,500,000 Aadhar Housing Finance Limited
Debentures | -2% ₹25 Cr 2,500,000 8. SBI Magnum Ultra Short Duration Fund
SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (22 Jan 26) ₹6,172.14 ↑ 2.53 (0.04 %) Net Assets (Cr) ₹14,639 on 31 Dec 25 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.54 Sharpe Ratio 2.9 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.49% Effective Maturity 5 Months 23 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,337 31 Dec 22 ₹10,798 31 Dec 23 ₹11,549 31 Dec 24 ₹12,406 31 Dec 25 ₹13,273 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.4% 3 Month 1.4% 6 Month 2.8% 1 Year 6.8% 3 Year 7.1% 5 Year 5.9% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7% 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% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Sudhir Agrawal 15 May 25 0.63 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 68.52% Debt 31.15% Other 0.32% Debt Sector Allocation
Sector Value Corporate 44.84% Cash Equivalent 41.34% Government 13.5% Credit Quality
Rating Value AA 16.58% AAA 83.42% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.63% Govt Stock 2026
Sovereign Bonds | -5% ₹685 Cr 68,500,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹546 Cr 54,500 HDFC Bank Ltd.
Debentures | -3% ₹493 Cr 10,000 Ntpc Limited
Debentures | -2% ₹349 Cr 34,800 Canara Bank
Domestic Bonds | -2% ₹297 Cr 6,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -2% ₹255 Cr 255 Citicorp Finance (India) Limited
Debentures | -2% ₹250 Cr 25,000 Bank of Baroda
Debentures | -2% ₹248 Cr 5,000
↓ -1,000 IDFC First Bank Ltd.
Debentures | -2% ₹248 Cr 5,000 Treasury Bill
Sovereign Bonds | -2% ₹239 Cr 25,000,000 9. DSP Money Manager Fund
DSP Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (22 Jan 26) ₹3,507.23 ↑ 1.79 (0.05 %) Net Assets (Cr) ₹3,972 on 31 Dec 25 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio 1.58 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.49% Effective Maturity 7 Months 2 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,287 31 Dec 22 ₹10,710 31 Dec 23 ₹11,426 31 Dec 24 ₹12,216 31 Dec 25 ₹13,034 Returns for DSP Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.3% 3 Month 1.1% 6 Month 2.4% 1 Year 6.4% 3 Year 6.7% 5 Year 5.4% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.7% 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% Fund Manager information for DSP Money Manager Fund
Name Since Tenure Karan Mundhra 31 May 21 4.59 Yr. Shalini Vasanta 1 Jan 25 1 Yr. Data below for DSP Money Manager Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 47.3% Debt 52.3% Other 0.41% Debt Sector Allocation
Sector Value Corporate 66.34% Cash Equivalent 22.38% Government 10.87% Credit Quality
Rating Value AA 17.88% AAA 82.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bank of Baroda
Debentures | -5% ₹198 Cr 4,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹176 Cr 17,000
↑ 2,000 7.59% Govt Stock 2026
Sovereign Bonds | -4% ₹155 Cr 15,000,000 Godrej Properties Limited
Debentures | -3% ₹130 Cr 12,500 Aadhar Housing Finance Limited
Debentures | -3% ₹102 Cr 9,700 Piramal Finance Limited
Debentures | -3% ₹102 Cr 10,000 Rec Limited
Debentures | -2% ₹78 Cr 7,500 Aditya Birla Renewables Limited
Debentures | -2% ₹78 Cr 7,500 Rec Limited
Debentures | -2% ₹77 Cr 7,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹77 Cr 7,500 10. Canara Robeco Ultra Short Term Fund
Canara Robeco Ultra Short Term Fund
Growth Launch Date 14 Jul 08 NAV (22 Jan 26) ₹3,908.86 ↑ 1.70 (0.04 %) Net Assets (Cr) ₹457 on 31 Dec 25 Category Debt - Ultrashort Bond AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆ Risk Low Expense Ratio 0.94 Sharpe Ratio 1.12 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.39% Effective Maturity 6 Months 13 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,263 31 Dec 22 ₹10,666 31 Dec 23 ₹11,344 31 Dec 24 ₹12,114 31 Dec 25 ₹12,898 Returns for Canara Robeco Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23 Duration Returns 1 Month 0.3% 3 Month 1.1% 6 Month 2.4% 1 Year 6.2% 3 Year 6.5% 5 Year 5.2% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.5% 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% Fund Manager information for Canara Robeco Ultra Short Term Fund
Name Since Tenure Avnish Jain 1 Apr 22 3.76 Yr. Kunal Jain 16 Sep 24 1.29 Yr. Data below for Canara Robeco Ultra Short Term Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 50.42% Debt 49.2% Other 0.39% Debt Sector Allocation
Sector Value Corporate 64.16% Cash Equivalent 18.38% Government 17.07% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Small Industries Development Bank Of India
Debentures | -11% ₹50 Cr 5,000 National Bank For Agriculture And Rural Development
Debentures | -11% ₹49 Cr 4,900 Kotak Mahindra Prime Limited
Debentures | -6% ₹25 Cr 2,500
↑ 2,500 LIC Housing Finance Ltd
Debentures | -5% ₹25 Cr 2,500 Power Finance Corporation Limited
Debentures | -5% ₹25 Cr 250 LIC Housing Finance Ltd
Debentures | -5% ₹25 Cr 250 Power Finance Corporation Limited
Debentures | -4% ₹20 Cr 2,000 6.82% Govt Stock 2033
Sovereign Bonds | -1% ₹5 Cr 500,000 CORPORATE DEBT MARKET DEVELOPMENT FUND CLASS A2
Investment Fund | -0% ₹2 Cr 1,529 Other Current Assets
CBLO | -12% ₹55 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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Research Highlights for IDBI Ultra Short Term Fund