+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 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. 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 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 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 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 "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 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 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. Research Highlights for IDBI Ultra Short Term Fund Below is the key information for IDBI Ultra Short Term 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. Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (03 Sep 26) ₹591.06 ↑ 0.43 (0.07 %) Net Assets (Cr) ₹18,189 on 31 Jul 26 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.57 Sharpe Ratio 0.81 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.45% Effective Maturity 6 Months 18 Days Modified Duration 5 Months 26 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹10,392 31 Aug 23 ₹11,106 31 Aug 24 ₹11,931 31 Aug 25 ₹12,877 31 Aug 26 ₹13,697 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Sep 26 Duration Returns 1 Month 0.6% 3 Month 2.2% 6 Month 3.4% 1 Year 6.5% 3 Year 7.3% 5 Year 6.5% 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 12.12 Yr. Kaustubh Gupta 15 Jul 11 15.06 Yr. Monika Gandhi 22 Mar 21 5.36 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 44.74% Debt 55.26% Debt Sector Allocation
Sector Value Corporate 62.79% Cash Equivalent 21.61% Government 15.59% Credit Quality
Rating Value AA 33.23% AAA 66.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -4% ₹846 Cr 85,000,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -4% ₹736 Cr 15,300 Shriram Finance Limited
Debentures | -3% ₹532 Cr 52,500 Vedanta Limited
Debentures | -2% ₹451 Cr 44,500
↑ 12,000 HDFC Bank Ltd.
Debentures | -2% ₹447 Cr 9,000
↑ 9,000 Bharti Telecom Limited
Debentures | -2% ₹397 Cr 40,000 Muthoot Finance Limited
Debentures | -2% ₹324 Cr 32,500
↓ -2,500 Mankind Pharma Limited
Debentures | -2% ₹321 Cr 32,000 Avanse Financial Services Limited
Debentures | -1% ₹299 Cr 30,000 Piramal Finance Limited
Debentures | -1% ₹281 Cr 28,000
↓ -500 2. Nippon India Ultra Short Duration Fund
Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (03 Sep 26) ₹4,329.02 ↑ 2.30 (0.05 %) Net Assets (Cr) ₹11,659 on 31 Jul 26 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.12 Sharpe Ratio 0.72 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.31% Effective Maturity 7 Months 18 Days Modified Duration 5 Months 18 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹10,393 31 Aug 23 ₹11,057 31 Aug 24 ₹11,832 31 Aug 25 ₹12,682 31 Aug 26 ₹13,469 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Sep 26 Duration Returns 1 Month 0.6% 3 Month 2% 6 Month 3.4% 1 Year 6.3% 3 Year 6.8% 5 Year 6.2% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.8% 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% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 12.84 Yr. Kinjal Desai 25 May 18 8.19 Yr. Akshay Sharma 1 Dec 22 3.67 Yr. Amber Singhania 11 Mar 26 0.39 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 49.18% Debt 50.56% Other 0.26% Debt Sector Allocation
Sector Value Corporate 63.53% Cash Equivalent 25.76% Government 10.46% Credit Quality
Rating Value AA 32.64% AAA 67.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tbill
Sovereign Bonds | -3% ₹399 Cr 40,000,000 Nirma Limited
Debentures | -3% ₹347 Cr 34,600 Vedanta Aluminium Metal Limited
Debentures | -2% ₹291 Cr 29,000
↑ 5,000 Aditya Birla Renewables Limited
Debentures | -2% ₹251 Cr 25,000 Tbill
Sovereign Bonds | -2% ₹249 Cr 25,000,000 Indian Bank
Domestic Bonds | -2% ₹247 Cr 5,000 Indigrid Infrastructure Trust
Debentures | -2% ₹240 Cr 2,400 Small Industries Development Bank of India
Debentures | -2% ₹233 Cr 5,000
↑ 5,000 Embassy Office Parks Reit
Debentures | -2% ₹200 Cr 2,000 HDFC Bank Ltd.
Debentures | -2% ₹199 Cr 4,000 3. Kotak Savings Fund
Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (03 Sep 26) ₹46.0098 ↑ 0.03 (0.07 %) Net Assets (Cr) ₹15,708 on 31 Jul 26 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.81 Sharpe Ratio 0.4 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.23% Effective Maturity 6 Months 22 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹10,357 31 Aug 23 ₹11,036 31 Aug 24 ₹11,807 31 Aug 25 ₹12,658 31 Aug 26 ₹13,421 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Sep 26 Duration Returns 1 Month 0.6% 3 Month 2% 6 Month 3.3% 1 Year 6.2% 3 Year 6.8% 5 Year 6.1% 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 3 Aug 26 0 Yr. Manu Sharma 3 Aug 26 0 Yr. Data below for Kotak Savings Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 57.22% Debt 42.48% Other 0.3% Debt Sector Allocation
Sector Value Corporate 56.74% Cash Equivalent 23.7% Government 19.27% Credit Quality
Rating Value AA 18.26% AAA 81.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹577 Cr 57,500 India (Republic of)
- | -3% ₹511 Cr 52,490,600
↑ 52,490,600 Tamil Nadu (Government of) 0.0654%
- | -3% ₹448 Cr 45,000,000 6.9% Maharashtra Sgs 2030
Sovereign Bonds | -2% ₹301 Cr 30,000,000 Mankind Pharma Limited
Debentures | -2% ₹301 Cr 30,000 Muthoot Finance Limited
Debentures | -2% ₹299 Cr 30,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -1% ₹205 Cr 210 Vedanta Aluminium Metal Limited
Debentures | -1% ₹201 Cr 20,000 TATA Projects Limited
Debentures | -1% ₹200 Cr 20,000
↑ 20,000 National Bank For Agriculture And Rural Development
Debentures | -1% ₹200 Cr 20,000 4. ICICI Prudential Ultra Short Term Fund
ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (03 Sep 26) ₹29.8131 ↑ 0.02 (0.06 %) Net Assets (Cr) ₹15,455 on 31 Jul 26 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.8 Sharpe Ratio 0.81 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 7.17% Effective Maturity 6 Months 18 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹10,380 31 Aug 23 ₹11,069 31 Aug 24 ₹11,869 31 Aug 25 ₹12,755 31 Aug 26 ₹13,556 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Sep 26 Duration Returns 1 Month 0.6% 3 Month 2.1% 6 Month 3.4% 1 Year 6.4% 3 Year 7% 5 Year 6.3% 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 9.71 Yr. Ritesh Lunawat 15 Jun 17 9.13 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 83.62% Debt 16.07% Other 0.31% Debt Sector Allocation
Sector Value Corporate 61.01% Cash Equivalent 48.58% Credit Quality
Rating Value AA 19.81% AAA 80.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -3% ₹497 Cr 50,000,000 Small Industries Development Bank Of India
Debentures | -2% ₹351 Cr 35,000 Vedanta Limited
Debentures | -2% ₹343 Cr 34,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹326 Cr 32,500 6.17% Govt Stock 2028
Sovereign Bonds | -2% ₹310 Cr 30,773,600 India (Republic of)
- | -2% ₹297 Cr 30,000,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -2% ₹271 Cr 275 Muthoot Finance Limited
Debentures | -2% ₹251 Cr 25,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹251 Cr 25,000
↑ 10,000 AU Small Finance Bank Ltd.
Debentures | -2% ₹244 Cr 5,000 5. UTI Ultra Short Term Fund
UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (03 Sep 26) ₹4,544.8 ↑ 2.06 (0.05 %) Net Assets (Cr) ₹3,444 on 31 Jul 26 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.93 Sharpe Ratio 0.35 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.13% Effective Maturity 6 Months 23 Days Modified Duration 5 Months 20 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹10,623 31 Aug 23 ₹11,302 31 Aug 24 ₹12,090 31 Aug 25 ₹12,952 31 Aug 26 ₹13,727 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Sep 26 Duration Returns 1 Month 0.6% 3 Month 2% 6 Month 3.3% 1 Year 6.1% 3 Year 6.7% 5 Year 6.6% 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 Anurag Mittal 21 Jul 26 0.03 Yr. Data below for UTI Ultra Short Term Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 56.15% Debt 43.47% Other 0.38% Debt Sector Allocation
Sector Value Corporate 65.09% Government 20.3% Cash Equivalent 14.23% Credit Quality
Rating Value AA 27.31% AAA 72.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity 26/11/2026 Maturing 364 DTB
Sovereign Bonds | -6% ₹197 Cr 2,000,000,000 Axis Bank Ltd.
Debentures | -4% ₹145 Cr 1,500,000,000 Godrej Properties Limited
Debentures | -3% ₹100 Cr 10,000 Piramal Finance Limited
Debentures | -2% ₹85 Cr 8,500 Nuvama Wealth Finance Limited
Debentures | -2% ₹76 Cr 7,500 Piramal Finance Limited
Debentures | -2% ₹75 Cr 7,500 360 One Prime Limited
Debentures | -2% ₹75 Cr 7,500 Poonawalla Fincorp Limited
Debentures | -2% ₹75 Cr 7,500
↑ 7,500 Ujjivan Small Finance Bank Limited
Debentures | -2% ₹73 Cr 750,000,000 Aditya Birla Renewables Limited
Debentures | -2% ₹65 Cr 6,500 6. DSP Money Manager Fund
DSP Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (03 Sep 26) ₹3,649.52 ↑ 2.14 (0.06 %) Net Assets (Cr) ₹4,456 on 31 Jul 26 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio 0.24 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.07% Effective Maturity 18 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹10,317 31 Aug 23 ₹10,955 31 Aug 24 ₹11,713 31 Aug 25 ₹12,545 31 Aug 26 ₹13,290 Returns for DSP Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Sep 26 Duration Returns 1 Month 0.6% 3 Month 2% 6 Month 3.4% 1 Year 6.1% 3 Year 6.7% 5 Year 5.9% 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 5.17 Yr. Shalini Vasanta 1 Jan 25 1.58 Yr. Data below for DSP Money Manager Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 56.26% Debt 43.74% Debt Sector Allocation
Sector Value Corporate 64.59% Government 18.67% Cash Equivalent 16.74% Credit Quality
Rating Value AA 17.79% AAA 82.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.74% Govt Stock 2026
Sovereign Bonds | -3% ₹127 Cr 12,500,000 Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹87 Cr 8,000 LIC Housing Finance Ltd
Debentures | -2% ₹86 Cr 850
↑ 500 Aditya Birla Renewables Limited
Debentures | -2% ₹81 Cr 7,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹80 Cr 7,500 6.38% Maharashtra Sdl 2027
Sovereign Bonds | -2% ₹78 Cr 7,500,000
↑ 7,500,000 360 One Prime Limited
Debentures | -2% ₹76 Cr 7,500 Piramal Finance Limited
Debentures | -1% ₹59 Cr 5,500 LIC Housing Finance Ltd
Debentures | -1% ₹53 Cr 5,000 Nuvama Wealth And Investment Limited
Debentures | -1% ₹53 Cr 5,000 7. Invesco India Ultra Short Term Fund
Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (03 Sep 26) ₹2,898 ↑ 1.23 (0.04 %) Net Assets (Cr) ₹1,073 on 31 Jul 26 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.74 Sharpe Ratio 0.56 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.03% Effective Maturity 5 Months 7 Days Modified Duration 5 Months 3 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹10,324 31 Aug 23 ₹10,972 31 Aug 24 ₹11,760 31 Aug 25 ₹12,620 31 Aug 26 ₹13,399 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Sep 26 Duration Returns 1 Month 0.7% 3 Month 2% 6 Month 3.5% 1 Year 6.3% 3 Year 6.9% 5 Year 6.1% 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 1 Jul 26 0.08 Yr. Vikas Garg 1 Jul 26 0.08 Yr. Data below for Invesco India Ultra Short Term Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 67.23% Debt 32.46% Other 0.31% Debt Sector Allocation
Sector Value Corporate 52.6% Cash Equivalent 30.46% Government 16.63% Credit Quality
Rating Value AA 11.76% AAA 88.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity Pipeline Infrastructure Limited
Debentures | -5% ₹60 Cr 6,000,000
↑ 5,000,000 India (Republic of)
- | -4% ₹49 Cr 5,000,000 TVS Credit Services Limited
Debentures | -3% ₹40 Cr 4,000,000 India (Republic of)
- | -3% ₹39 Cr 4,000,000
↑ 4,000,000 Piramal Finance Limited
Debentures | -2% ₹25 Cr 2,500,000 Muthoot Finance Limited
Debentures | -2% ₹25 Cr 2,500,000
↑ 2,500,000 Rec Limited
Debentures | -2% ₹25 Cr 2,500,000 TATA Projects Limited
Debentures | -2% ₹25 Cr 2,500,000
↑ 2,500,000 360 One Prime Limited
Debentures | -2% ₹25 Cr 2,500,000 Torrent Power Limited
Debentures | -2% ₹25 Cr 2,500,000
↑ 2,500,000 8. SBI Magnum Ultra Short Duration Fund
SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (03 Sep 26) ₹6,424.84 ↑ 3.26 (0.05 %) Net Assets (Cr) ₹11,165 on 31 Jul 26 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.54 Sharpe Ratio 0.71 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7% Effective Maturity 8 Months 5 Days Modified Duration 4 Months 28 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹10,359 31 Aug 23 ₹11,046 31 Aug 24 ₹11,849 31 Aug 25 ₹12,721 31 Aug 26 ₹13,512 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Sep 26 Duration Returns 1 Month 0.6% 3 Month 2.1% 6 Month 3.4% 1 Year 6.3% 3 Year 7% 5 Year 6.2% 10 Year 15 Year Since launch 7% 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 1.21 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 103.58% Other 0.42% Debt Sector Allocation
Sector Value Corporate 56.25% Cash Equivalent 55.94% Credit Quality
Rating Value AA 21.86% AAA 78.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -7% ₹792 Cr 80,000,000 TATA Communications Limited
Debentures | -5% ₹550 Cr 55,000 Muthoot Finance Limited
Debentures | -3% ₹324 Cr 32,500 Adani Power Limited
Debentures | -3% ₹299 Cr 30,000 Avanse Financial Services Limited
Debentures | -2% ₹249 Cr 25,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -2% ₹249 Cr 255 Muthoot Finance Limited
Debentures | -2% ₹199 Cr 20,000 Eris Lifesciences Limited
Debentures | -1% ₹150 Cr 15,000 TATA Motors Limited
Debentures | -1% ₹150 Cr 1,500 7.03% Chhattisgarh Sdl 2026
Sovereign Bonds | -1% ₹150 Cr 15,000,000 9. 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 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Sep 26 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 10. BOI AXA Ultra Short Duration Fund
BOI AXA Ultra Short Duration Fund
Growth Launch Date 16 Jul 08 NAV (03 Sep 26) ₹3,386.86 ↑ 1.62 (0.05 %) Net Assets (Cr) ₹168 on 31 Jul 26 Category Debt - Ultrashort Bond AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.97 Sharpe Ratio 0.3 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.7% Effective Maturity 5 Months 1 Day Modified Duration 4 Months 28 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 21 ₹10,000 31 Aug 22 ₹10,350 31 Aug 23 ₹10,987 31 Aug 24 ₹11,688 31 Aug 25 ₹12,486 31 Aug 26 ₹13,228 Returns for BOI AXA Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 3 Sep 26 Duration Returns 1 Month 0.6% 3 Month 1.9% 6 Month 3.4% 1 Year 6% 3 Year 6.4% 5 Year 5.8% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.5% 2023 6.7% 2022 6.2% 2021 4.4% 2020 3.2% 2019 4.9% 2018 7.5% 2017 7.6% 2016 8% 2015 9.1% Fund Manager information for BOI AXA Ultra Short Duration Fund
Name Since Tenure Mithraem Bharucha 17 Aug 21 4.96 Yr. Data below for BOI AXA Ultra Short Duration Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 71.65% Debt 28.07% Other 0.28% Debt Sector Allocation
Sector Value Corporate 54.03% Cash Equivalent 33.3% Government 12.39% Credit Quality
Rating Value AA 7.19% AAA 92.81% Top Securities Holdings / Portfolio
Name Holding Value Quantity Power Finance Corporation Limited
Debentures | -8% ₹14 Cr 1,400,000
↑ 1,400,000 Rec Limited
Debentures | -7% ₹12 Cr 1,200,000 Manappuram Finance Limited
Debentures | -6% ₹11 Cr 1,100,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -6% ₹11 Cr 1,100,000 25/12/2026 Maturing 364 DTB
Sovereign Bonds | -3% ₹5 Cr 500,000 India (Republic of)
- | -3% ₹5 Cr 500,000 Tbill
Sovereign Bonds | -2% ₹4 Cr 400,000
↑ 400,000 Bank of Baroda
Debentures | -1% ₹2 Cr 200,000
↑ 200,000 Tbill
Sovereign Bonds | -1% ₹2 Cr 175,000 08/10/2026 Maturing 364 DTB
Sovereign Bonds | -0% ₹1 Cr 79,600
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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