+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 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 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 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 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. Research Highlights for Nippon India Ultra Short Duration Fund Below is the key information for Nippon India Ultra Short Duration 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 (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 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 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 "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 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 (Erstwhile BOI AXA Treasury Advantage Fund) The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments.
The Scheme is not providing any assured or guaranteed returns. Further, there is also no assurance that the investment objective of the Scheme will be achieved. Research Highlights for BOI AXA Ultra Short Duration Fund Below is the key information for BOI AXA Ultra Short Duration 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 Oct 20 ₹10,000 31 Oct 21 ₹10,420 31 Oct 22 ₹10,840 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. Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (31 Oct 25) ₹560.831 ↑ 0.11 (0.02 %) Net Assets (Cr) ₹21,521 on 31 Aug 25 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.55 Sharpe Ratio 3.66 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.76% Effective Maturity 6 Months 11 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,401 31 Oct 22 ₹10,849 31 Oct 23 ₹11,626 31 Oct 24 ₹12,522 31 Oct 25 ₹13,485 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 0.6% 3 Month 1.5% 6 Month 3.5% 1 Year 7.7% 3 Year 7.5% 5 Year 6.2% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.9% 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% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 11.29 Yr. Kaustubh Gupta 15 Jul 11 14.22 Yr. Monika Gandhi 22 Mar 21 4.53 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 45.26% Debt 54.49% Other 0.25% Debt Sector Allocation
Sector Value Corporate 52.07% Cash Equivalent 32.08% Government 15.6% Credit Quality
Rating Value AA 30.39% AAA 69.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity Shriram Finance Limited
Debentures | -3% ₹614 Cr 60,000 Nirma Limited
Debentures | -2% ₹487 Cr 48,500 07.22 GJ Sdl 2028
Sovereign Bonds | -2% ₹377 Cr 37,500,000 Mankind Pharma Limited
Debentures | -2% ₹348 Cr 34,500 Bank of Baroda
Debentures | -2% ₹343 Cr 7,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹341 Cr 3,400 Avanse Financial Services Limited
Debentures | -1% ₹301 Cr 30,000 Power Finance Corporation Limited
Debentures | -1% ₹299 Cr 30,000 ICICI Home Finance Company Limited
Debentures | -1% ₹271 Cr 27,000 Bharti Telecom Limited
Debentures | -1% ₹260 Cr 2,600 3. Nippon India Ultra Short Duration Fund
Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (31 Oct 25) ₹4,111.13 ↑ 0.76 (0.02 %) Net Assets (Cr) ₹11,076 on 31 Aug 25 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.12 Sharpe Ratio 2.31 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.72% Effective Maturity 8 Months 1 Day Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,811 31 Oct 22 ₹11,262 31 Oct 23 ₹12,020 31 Oct 24 ₹12,882 31 Oct 25 ₹13,781 Returns for Nippon India 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 0.5% 3 Month 1.4% 6 Month 3.2% 1 Year 7% 3 Year 7% 5 Year 6.6% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 2023 6.7% 2022 4.6% 2021 7.8% 2020 4.9% 2019 0.9% 2018 7.3% 2017 5.8% 2016 6.8% 2015 7.6% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 12.01 Yr. Kinjal Desai 25 May 18 7.36 Yr. Akshay Sharma 1 Dec 22 2.84 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 39.83% Debt 59.94% Other 0.23% Debt Sector Allocation
Sector Value Corporate 60.71% Cash Equivalent 23.83% Government 15.23% Credit Quality
Rating Value AA 21.78% AAA 78.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹487 Cr 48,500 Power Finance Corporation Limited
Debentures | -3% ₹352 Cr 35,000 Small Industries Development Bank Of India
Debentures | -2% ₹276 Cr 2,750 JSW Energy Limited
Debentures | -2% ₹251 Cr 25,000
↑ 25,000 Vedanta Limited
Debentures | -2% ₹241 Cr 24,000 TATA Communications Limited
Debentures | -2% ₹227 Cr 22,500 Aadhar Housing Finance Limited
Debentures | -2% ₹202 Cr 20,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹201 Cr 20,000 364 DTB 27112025
Sovereign Bonds | -2% ₹199 Cr 20,000,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹195 Cr 1,950 4. ICICI Prudential Ultra Short Term Fund
ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (31 Oct 25) ₹28.3049 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹16,980 on 15 Sep 25 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.8 Sharpe Ratio 2.88 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 6.66% Effective Maturity 7 Months 2 Days Modified Duration 4 Months 20 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,410 31 Oct 22 ₹10,833 31 Oct 23 ₹11,585 31 Oct 24 ₹12,446 31 Oct 25 ₹13,352 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 0.5% 3 Month 1.5% 6 Month 3.4% 1 Year 7.3% 3 Year 7.2% 5 Year 6% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.5% 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% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 8.88 Yr. Ritesh Lunawat 15 Jun 17 8.3 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 15 Sep 25
Asset Allocation
Asset Class Value Cash 50.57% Debt 49.16% Other 0.27% Debt Sector Allocation
Sector Value Corporate 49.4% Cash Equivalent 29.95% Government 17.7% Securitized 2.69% Credit Quality
Rating Value AA 20.79% AAA 79.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.11% Govt Stock 2028
Sovereign Bonds | -4% ₹676 Cr 66,961,000
↓ -5,357,200 LIC Housing Finance Ltd
Debentures | -4% ₹601 Cr 6,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹579 Cr 57,500 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -3% ₹455 Cr 450 National Bank For Agriculture And Rural Development
Debentures | -2% ₹376 Cr 3,750 Small Industries Development Bank Of India
Debentures | -2% ₹352 Cr 35,000 Vedanta Limited
Debentures | -2% ₹301 Cr 30,000 Piramal Finance Limited
Debentures | -2% ₹276 Cr 27,500 Larsen And Toubro Limited
Debentures | -1% ₹250 Cr 25,000 LIC Housing Finance Ltd
Debentures | -1% ₹226 Cr 2,250 5. Kotak Savings Fund
Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (31 Oct 25) ₹43.7561 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹15,667 on 31 Aug 25 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.81 Sharpe Ratio 2.02 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.41% Effective Maturity 5 Months 23 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,324 31 Oct 22 ₹10,731 31 Oct 23 ₹11,467 31 Oct 24 ₹12,290 31 Oct 25 ₹13,149 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 0.5% 3 Month 1.4% 6 Month 3.2% 1 Year 7% 3 Year 7% 5 Year 5.6% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 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% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 17.47 Yr. Manu Sharma 1 Nov 22 2.92 Yr. Data below for Kotak Savings Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 46.15% Debt 53.55% Other 0.3% Debt Sector Allocation
Sector Value Corporate 55.49% Government 21.84% Cash Equivalent 19.97% Securitized 2.41% Credit Quality
Rating Value AA 10.25% AAA 89.75% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -5% ₹773 Cr 77,000 Bajaj Housing Finance Limited
Debentures | -4% ₹646 Cr 6,420 National Bank For Agriculture And Rural Development
Debentures | -4% ₹584 Cr 57,500
↑ 10,000 Rec Limited
Debentures | -3% ₹477 Cr 47,500 364 DTB 19mar2026
Sovereign Bonds | -2% ₹303 Cr 31,000,000 Mankind Pharma Limited
Debentures | -2% ₹302 Cr 30,000 364 Days Tbill Red 28-05-2026
Sovereign Bonds | -2% ₹242 Cr 25,000,000 7.11% Govt Stock 2028
Sovereign Bonds | -2% ₹227 Cr 22,500,000 Bharti Telecom Limited
Debentures | -1% ₹225 Cr 2,250 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -1% ₹212 Cr 210 6. UTI Ultra Short Term Fund
UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (31 Oct 25) ₹4,323.22 ↑ 0.65 (0.01 %) Net Assets (Cr) ₹4,181 on 31 Aug 25 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.93 Sharpe Ratio 1.96 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.4% Effective Maturity 5 Months 19 Days Modified Duration 4 Months 28 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,628 31 Oct 22 ₹11,019 31 Oct 23 ₹11,762 31 Oct 24 ₹12,608 31 Oct 25 ₹13,470 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 0.5% 3 Month 1.4% 6 Month 3.1% 1 Year 6.8% 3 Year 6.9% 5 Year 6.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 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% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Anurag Mittal 21 Jan 25 0.69 Yr. Data below for UTI Ultra Short Term Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 53.38% Debt 46.32% Other 0.31% Debt Sector Allocation
Sector Value Corporate 56.1% Cash Equivalent 28.7% Government 14.89% Credit Quality
Rating Value AA 16.58% AAA 83.42% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Days T-Bill - 09/04/2026
Sovereign Bonds | -5% ₹195 Cr 2,000,000,000
↑ 2,000,000,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹151 Cr 15,000
↑ 5,000 TATA Communications Limited
Debentures | -2% ₹101 Cr 10,000 Shriram Finance Limited
Debentures | -2% ₹101 Cr 10,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹101 Cr 10,000 LIC Housing Finance Ltd
Debentures | -2% ₹100 Cr 1,000 Bajaj Housing Finance Limited
Debentures | -2% ₹75 Cr 750 Small Industries Development Bank Of India
Debentures | -2% ₹75 Cr 750 Piramal Finance Limited
Debentures | -2% ₹75 Cr 7,500
↑ 7,500 Jamnagar Utilities & Power Private Limited
Debentures | -2% ₹75 Cr 750 7. Invesco India Ultra Short Term Fund
Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (31 Oct 25) ₹2,751.84 ↑ 0.45 (0.02 %) Net Assets (Cr) ₹1,330 on 31 Aug 25 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.74 Sharpe Ratio 2.79 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.35% Effective Maturity 5 Months 28 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,299 31 Oct 22 ₹10,668 31 Oct 23 ₹11,378 31 Oct 24 ₹12,219 31 Oct 25 ₹13,080 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 0.5% 3 Month 1.4% 6 Month 3.1% 1 Year 7% 3 Year 7% 5 Year 5.5% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.5% 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% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 5.74 Yr. Vikas Garg 27 Jul 21 4.18 Yr. Data below for Invesco India Ultra Short Term Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 43.78% Debt 55.9% Other 0.32% Debt Sector Allocation
Sector Value Corporate 64.46% Cash Equivalent 23.11% Government 12.12% Credit Quality
Rating Value AA 22.49% AAA 77.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bank of Baroda
Debentures | -6% ₹74 Cr 7,500,000 Small Industries Development Bank Of India
Debentures | -4% ₹50 Cr 5,000,000 91 Days Tbill Red 30-10-2025
Sovereign Bonds | -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% ₹25 Cr 2,500,000 Power Finance Corporation Limited
Debentures | -2% ₹25 Cr 2,500,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹25 Cr 2,500,000 Aadhar Housing Finance Limited
Debentures | -2% ₹25 Cr 2,500,000 8. DSP Money Manager Fund
DSP Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (31 Oct 25) ₹3,472.74 ↑ 0.55 (0.02 %) Net Assets (Cr) ₹3,845 on 31 Aug 25 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio 1.62 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.32% Effective Maturity 6 Months 22 Days Modified Duration 6 Months 4 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,284 31 Oct 22 ₹10,648 31 Oct 23 ₹11,361 31 Oct 24 ₹12,150 31 Oct 25 ₹12,986 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 0.5% 3 Month 1.4% 6 Month 3% 1 Year 6.9% 3 Year 6.8% 5 Year 5.4% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.9% 2023 6.7% 2022 4.1% 2021 2.9% 2020 4.7% 2019 7.3% 2018 5% 2017 6% 2016 7.5% 2015 7.9% Fund Manager information for DSP Money Manager Fund
Name Since Tenure Karan Mundhra 31 May 21 4.34 Yr. Shalini Vasanta 1 Jan 25 0.75 Yr. Data below for DSP Money Manager Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 57.73% Debt 41.84% Other 0.43% Debt Sector Allocation
Sector Value Corporate 47.62% Cash Equivalent 36.29% Government 15.67% Credit Quality
Rating Value AA 8.26% AAA 91.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -3% ₹128 Cr 12,500
↓ -2,500 Small Industries Development Bank Of India
Debentures | -3% ₹102 Cr 10,000 Piramal Finance Limited
Debentures | -3% ₹100 Cr 10,000
↑ 10,000 364 DTB 06112025
Sovereign Bonds | -3% ₹100 Cr 10,000,000 National Housing Bank
Debentures | -2% ₹77 Cr 7,500
↓ -2,500 Aditya Birla Renewables Limited
Debentures | -2% ₹77 Cr 7,500 Rec Limited
Debentures | -2% ₹76 Cr 7,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹76 Cr 7,500 Kotak Mahindra Prime Limited
Debentures | -1% ₹55 Cr 5,000 Muthoot Finance Limited
Debentures | -1% ₹54 Cr 5,000 9. SBI Magnum Ultra Short Duration Fund
SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (31 Oct 25) ₹6,100.26 ↑ 0.98 (0.02 %) Net Assets (Cr) ₹15,525 on 31 Aug 25 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.54 Sharpe Ratio 2.74 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.22% Effective Maturity 6 Months Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,337 31 Oct 22 ₹10,741 31 Oct 23 ₹11,492 31 Oct 24 ₹12,345 31 Oct 25 ₹13,225 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 0.5% 3 Month 1.5% 6 Month 3.2% 1 Year 7.1% 3 Year 7.2% 5 Year 5.7% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.4% 2023 7% 2022 4.5% 2021 3.4% 2020 5.9% 2019 8% 2018 7.9% 2017 6.6% 2016 7.7% 2015 8.3% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Sudhir Agrawal 15 May 25 0.38 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 58.78% Debt 40.91% Other 0.31% Debt Sector Allocation
Sector Value Corporate 46.15% Cash Equivalent 32.05% Government 19.12% Securitized 2.37% Credit Quality
Rating Value AA 7.93% AAA 92.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.63% Govt Stock 2026
Sovereign Bonds | -5% ₹685 Cr 68,500,000 HDFC Bank Ltd.
Debentures | -3% ₹487 Cr 10,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹426 Cr 4,250
↑ 750 Rec Limited
Debentures | -3% ₹400 Cr 4,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -2% ₹358 Cr 355 Ntpc Limited
Debentures | -2% ₹350 Cr 34,800 National Bank For Agriculture And Rural Development
Debentures | -2% ₹296 Cr 29,500 Bank of Baroda
Debentures | -2% ₹294 Cr 6,000 Citicorp Finance (India) Limited
Debentures | -2% ₹250 Cr 25,000 Bharti Telecom Limited
Debentures | -1% ₹220 Cr 2,200 10. BOI AXA Ultra Short Duration Fund
BOI AXA Ultra Short Duration Fund
Growth Launch Date 16 Jul 08 NAV (31 Oct 25) ₹3,222.33 ↑ 0.62 (0.02 %) Net Assets (Cr) ₹203 on 31 Aug 25 Category Debt - Ultrashort Bond AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.97 Sharpe Ratio 1.07 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.14% Effective Maturity 5 Months 1 Day Modified Duration 4 Months 28 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,306 31 Oct 22 ₹10,704 31 Oct 23 ₹11,388 31 Oct 24 ₹12,137 31 Oct 25 ₹12,941 Returns for BOI AXA 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 0.5% 3 Month 1.3% 6 Month 3% 1 Year 6.6% 3 Year 6.5% 5 Year 5.3% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.7% 2023 6.2% 2022 4.4% 2021 3.2% 2020 4.9% 2019 7.5% 2018 7.6% 2017 8% 2016 9.1% 2015 8.7% Fund Manager information for BOI AXA Ultra Short Duration Fund
Name Since Tenure Mithraem Bharucha 17 Aug 21 4.13 Yr. Data below for BOI AXA Ultra Short Duration Fund as on 31 Aug 25
Asset Allocation
Asset Class Value Cash 46.31% Debt 53.44% Other 0.26% Debt Sector Allocation
Sector Value Corporate 67.28% Cash Equivalent 17.99% Government 14.47% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Rec Limited
Debentures | -10% ₹19 Cr 1,850,000 Power Finance Corporation Limited
Debentures | -10% ₹18 Cr 1,800,000 LIC Housing Finance Ltd
Debentures | -10% ₹18 Cr 1,800,000 National Bank For Agriculture And Rural Development
Debentures | -8% ₹15 Cr 1,500,000 Manappuram Finance Limited
Debentures | -8% ₹14 Cr 1,400,000 360 One Prime Limited
Debentures | -7% ₹13 Cr 1,300,000 364 DTB 15012026
Sovereign Bonds | -1% ₹2 Cr 200,000 Corporate Debt Market Development Fund #
Investment Fund | -0% ₹0 Cr 417 HDFC Bank Limited
Certificate of Deposit | -10% ₹19 Cr 1,900,000 Bank Of Baroda**
Certificate of Deposit | -5% ₹10 Cr 1,000,000
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