Fincash » Mutual Funds » Ultra Short Term Funds Vs Fixed Deposits
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Top 10 Debt - Ultrashort Bond Funds
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.
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.
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.
Since both the investment avenues have their own characteristics and features, let us check which investment avenue is the best based on various parameters.
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.
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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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.
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.
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.
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 |
(Erstwhile Reliance Liquid Fund - Cash Plan) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Nippon India Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 7 Dec 01. It is a fund with Low risk and has given a Below is the key information for Nippon India Ultra Short Duration Fund Returns up to 1 year are on The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. Aditya Birla Sun Life Savings Fund is a Debt - Ultrashort Bond fund was launched on 16 Apr 03. It is a fund with Moderately Low risk and has given a Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (Erstwhile UTI - Floating Rate Fund - Short Term Plan) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Regular Income Fund) The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Principal Retail Money Manager Fund) To generate steady return by investing in debt and money market securities.
The portfolio will be predominantly invested in overnight repo, CBLO, floating rate instruments and other fixed income instruments. Principal Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 28 Dec 07. It is a fund with Moderately Low risk and has given a Below is the key information for Principal Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Kotak Treasury Advantage Fund) The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. Kotak Savings Fund is a Debt - Ultrashort Bond fund was launched on 13 Aug 04. It is a fund with Moderately Low risk and has given a Below is the key information for Kotak Savings Fund Returns up to 1 year are on "The primary investment objective of the Scheme is to seek to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities. However, there can be no assurance that the investment objective of the Scheme will be realized." DSP BlackRock Money Manager Fund is a Debt - Ultrashort Bond fund was launched on 31 Jul 06. It is a fund with Moderately Low risk and has given a Below is the key information for DSP BlackRock Money Manager Fund Returns up to 1 year are on (Erstwhile Invesco India Medium Term Bond Fund) The objective is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. Invesco India Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 30 Dec 10. It is a fund with Moderate risk and has given a Below is the key information for Invesco India Ultra Short Term Fund Returns up to 1 year are on (Erstwhile SBI Magnum InstaCash Fund) To provide the investors an opportunity to earn returns through investment in
debt & money market securities, while having the benefit of a very high degree of liquidity. SBI Magnum Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 21 May 99. It is a fund with Low risk and has given a Below is the key information for SBI Magnum Ultra Short Duration Fund Returns up to 1 year are on (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. BOI AXA Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 16 Jul 08. It is a fund with Moderately Low risk and has given a Below is the key information for BOI AXA Ultra Short Duration Fund Returns up to 1 year are on 1. Nippon India Ultra Short Duration Fund
CAGR/Annualized
return of 6% since its launch. Ranked 62 in Ultrashort Bond
category. Return for 2023 was 6.7% , 2022 was 4.6% and 2021 was 7.8% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (24 Jul 24) ₹3,772.86 ↑ 0.66 (0.02 %) Net Assets (Cr) ₹6,040 on 30 Jun 24 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.17 Sharpe Ratio -0.73 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.99% Effective Maturity 7 Months 2 Days Modified Duration 5 Months 28 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,195 30 Jun 21 ₹10,769 30 Jun 22 ₹11,448 30 Jun 23 ₹12,156 30 Jun 24 ₹12,996 Returns for Nippon India Ultra Short Duration Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.7% 1 Year 7% 3 Year 5.7% 5 Year 5.3% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 8.4% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 10.76 Yr. Kinjal Desai 25 May 18 6.11 Yr. Akshay Sharma 1 Dec 22 1.58 Yr. Data below for Nippon India Ultra Short Duration Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 60.47% Debt 39.3% Other 0.23% Debt Sector Allocation
Sector Value Corporate 66% Cash Equivalent 21.84% Government 11.27% Securitized 0.66% Credit Quality
Rating Value AA 15.9% AAA 84.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -8% ₹493 Cr 50,000,000 Power Finance Corporation Limited
Debentures | -4% ₹266 Cr 2,650 Dlf Cyber City Developers Ltd
Debentures | -4% ₹258 Cr 2,590 Indinfravit Trust
Debentures | -4% ₹214 Cr 22,000 182 DTB 22082024
Sovereign Bonds | -3% ₹193 Cr 19,500,000 Rec Limited
Debentures | -3% ₹180 Cr 1,850 India (Republic of)
- | -2% ₹103 Cr 10,500,000 Shriram Finance Limited
Debentures | -2% ₹100 Cr 1,000 Bharti Telecom Limited
Debentures | -2% ₹100 Cr 1,000 National Housing Bank
Debentures | -2% ₹100 Cr 10,000 2. Aditya Birla Sun Life Savings Fund
CAGR/Annualized
return of 7.4% since its launch. Ranked 6 in Ultrashort Bond
category. Return for 2023 was 7.2% , 2022 was 4.8% and 2021 was 3.9% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (24 Jul 24) ₹510.36 ↑ 0.11 (0.02 %) Net Assets (Cr) ₹14,888 on 30 Jun 24 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.52 Sharpe Ratio 1.68 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.89% Effective Maturity 6 Months 7 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,829 30 Jun 21 ₹11,353 30 Jun 22 ₹11,789 30 Jun 23 ₹12,562 30 Jun 24 ₹13,498 Returns for Aditya Birla Sun Life Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.9% 1 Year 7.4% 3 Year 6% 5 Year 6.1% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 4.8% 2021 3.9% 2020 7% 2019 8.5% 2018 7.6% 2017 7.2% 2016 9.2% 2015 8.9% 2014 9.7% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 10.04 Yr. Kaustubh Gupta 15 Jul 11 12.97 Yr. Monika Gandhi 22 Mar 21 3.28 Yr. Dhaval Joshi 21 Nov 22 1.61 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 45.45% Debt 54.29% Other 0.26% Debt Sector Allocation
Sector Value Corporate 61.13% Cash Equivalent 26.37% Government 12.24% Credit Quality
Rating Value AA 25.09% AAA 74.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Housing Bank 7.83%
Debentures | -6% ₹820 Cr 82,000
↑ 34,500 HDFC Bank Limited
Debentures | -4% ₹598 Cr 6,000 Nirma Limited
Debentures | -3% ₹500 Cr 50,000 National Housing Bank 7.78%
Debentures | -3% ₹400 Cr 40,000 Tata Realty And Infrastructure Limited
Debentures | -2% ₹360 Cr 36,000 Bharti Telecom Limited
Debentures | -2% ₹325 Cr 3,250 Bajaj Housing Finance Ltd. 8%
Debentures | -2% ₹300 Cr 30,000 Nirma Limited 8.3%
Debentures | -2% ₹250 Cr 25,000 91 DTB 25072024
Sovereign Bonds | -2% ₹250 Cr 25,000,000 Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹249 Cr 2,500 3. UTI Ultra Short Term Fund
CAGR/Annualized
return of 6.8% since its launch. Ranked 27 in Ultrashort Bond
category. Return for 2023 was 6.7% , 2022 was 4.2% and 2021 was 6.1% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (24 Jul 24) ₹3,970.94 ↑ 0.74 (0.02 %) Net Assets (Cr) ₹2,404 on 30 Jun 24 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio -0.85 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.74% Effective Maturity 6 Months 1 Day Modified Duration 5 Months 21 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,654 30 Jun 21 ₹11,076 30 Jun 22 ₹11,740 30 Jun 23 ₹12,458 30 Jun 24 ₹13,319 Returns for UTI Ultra Short Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.6% 1 Year 7% 3 Year 6.4% 5 Year 5.9% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.7% 2022 4.2% 2021 6.1% 2020 5.3% 2019 3.3% 2018 7% 2017 6.6% 2016 8.9% 2015 8.5% 2014 8.8% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Ritesh Nambiar 1 Jul 15 9.01 Yr. Data below for UTI Ultra Short Term Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 63.93% Debt 35.83% Other 0.24% Debt Sector Allocation
Sector Value Cash Equivalent 48.79% Corporate 46.86% Government 4.11% Credit Quality
Rating Value AA 28.23% AAA 71.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity Ntpc Limited
Debentures | -4% ₹100 Cr 1,000 91 DTB 15082024
Sovereign Bonds | -4% ₹99 Cr 1,000,000,000 Ongc Petro Additions Limited
Debentures | -3% ₹75 Cr 7,500 Shriram Finance Limited
Debentures | -3% ₹70 Cr 700 LIC Housing Finance Ltd
Debentures | -2% ₹50 Cr 500 Bharti Telecom Limited
Debentures | -2% ₹50 Cr 500 Can Fin Homes Limited
Debentures | -2% ₹49 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹49 Cr 500 ICICI Bank Ltd.
Debentures | -2% ₹48 Cr 500,000,000 Indian Bank
Domestic Bonds | -2% ₹48 Cr 500,000,000 4. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized
return of 7.5% since its launch. Ranked 27 in Ultrashort Bond
category. Return for 2023 was 6.9% , 2022 was 4.5% and 2021 was 4% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (24 Jul 24) ₹25.8888 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹13,873 on 30 Jun 24 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 0.42 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 7.72% Effective Maturity 5 Months 26 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,786 30 Jun 21 ₹11,328 30 Jun 22 ₹11,744 30 Jun 23 ₹12,494 30 Jun 24 ₹13,387 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.8% 1 Year 7.2% 3 Year 5.8% 5 Year 6% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.9% 2022 4.5% 2021 4% 2020 6.5% 2019 8.4% 2018 7.5% 2017 6.9% 2016 9.8% 2015 9.1% 2014 14.8% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 7.63 Yr. Ritesh Lunawat 15 Jun 17 7.05 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 58.5% Debt 41.26% Other 0.24% Debt Sector Allocation
Sector Value Corporate 57.75% Cash Equivalent 31.7% Government 10.3% Credit Quality
Rating Value AA 12.77% AAA 87.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity Punjab National Bank
Domestic Bonds | -4% ₹574 Cr 12,000
↑ 12,000 India (Republic of)
- | -3% ₹385 Cr 40,000,000 364 DTB 13032025
Sovereign Bonds | -3% ₹383 Cr 40,000,000 Bharti Telecom Limited
Debentures | -2% ₹341 Cr 34,000 India (Republic of)
- | -2% ₹291 Cr 30,000,000 HDFC Bank Ltd.
Debentures | -2% ₹287 Cr 6,000 Indusind Bank Ltd.
Debentures | -2% ₹241 Cr 5,000 Indusind Bank Ltd.
Debentures | -2% ₹215 Cr 4,500 182 DTB 25072024
Sovereign Bonds | -1% ₹200 Cr 20,000,000 182 DTB 18102024
Sovereign Bonds | -1% ₹197 Cr 20,000,000 5. Principal Ultra Short Term Fund
CAGR/Annualized
return of 5.8% since its launch. Ranked 43 in Ultrashort Bond
category. Return for 2023 was 6.1% , 2022 was 3.7% and 2021 was 2.7% . Principal Ultra Short Term Fund
Growth Launch Date 28 Dec 07 NAV (24 Jul 24) ₹2,532.13 ↑ 0.41 (0.02 %) Net Assets (Cr) ₹1,917 on 30 Jun 24 Category Debt - Ultrashort Bond AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.39 Sharpe Ratio -5.34 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,000 Exit Load NIL Yield to Maturity 7.67% Effective Maturity 7 Months 2 Days Modified Duration 6 Months 25 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,560 30 Jun 21 ₹10,857 30 Jun 22 ₹11,146 30 Jun 23 ₹11,761 30 Jun 24 ₹12,487 Returns for Principal Ultra Short Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 1.5% 6 Month 3.2% 1 Year 6.3% 3 Year 4.9% 5 Year 4.5% 10 Year 15 Year Since launch 5.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.1% 2022 3.7% 2021 2.7% 2020 4.1% 2019 6.5% 2018 1.2% 2017 6.3% 2016 7.9% 2015 8.8% 2014 9.4% Fund Manager information for Principal Ultra Short Term Fund
Name Since Tenure Dwijendra Srivastava 16 May 22 2.13 Yr. Sandeep Agarwal 1 Jan 22 2.5 Yr. Data below for Principal Ultra Short Term Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 77.91% Debt 21.84% Other 0.24% Debt Sector Allocation
Sector Value Corporate 62.29% Cash Equivalent 32.26% Government 5.21% Credit Quality
Rating Value AA 7.56% AAA 92.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -5% ₹100 Cr 10,000,000
↑ 10,000,000 Bharti Telecom Limited
Debentures | -3% ₹50 Cr 5,000 91 DTB 15082024
Sovereign Bonds | -3% ₹50 Cr 5,000,000 Punjab National Bank
Domestic Bonds | -3% ₹48 Cr 1,000 Union Bank of India
Domestic Bonds | -2% ₹38 Cr 800 IDFC First Bank Ltd.
Debentures | -2% ₹32 Cr 660 LIC Housing Finance Ltd
Debentures | -2% ₹30 Cr 300 ICICI Bank Ltd.
Debentures | -2% ₹29 Cr 600 HDFC Bank Ltd.
Debentures | -1% ₹29 Cr 600 Nhpc Limited
Debentures | -1% ₹25 Cr 250 6. Kotak Savings Fund
CAGR/Annualized
return of 7.2% since its launch. Ranked 44 in Ultrashort Bond
category. Return for 2023 was 6.8% , 2022 was 4.5% and 2021 was 3.2% . Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (24 Jul 24) ₹40.1464 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹14,195 on 30 Jun 24 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.47 Sharpe Ratio -0.54 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.63% Effective Maturity 7 Months 6 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,750 30 Jun 21 ₹11,148 30 Jun 22 ₹11,525 30 Jun 23 ₹12,247 30 Jun 24 ₹13,097 Returns for Kotak Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.7% 1 Year 7% 3 Year 5.6% 5 Year 5.5% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.8% 2022 4.5% 2021 3.2% 2020 5.8% 2019 7.8% 2018 7.4% 2017 6.7% 2016 8.2% 2015 8.6% 2014 9.4% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 16.22 Yr. Manu Sharma 1 Nov 22 1.67 Yr. Palha Khanna 3 Jul 23 1 Yr. Data below for Kotak Savings Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 57.41% Debt 42.33% Other 0.26% Debt Sector Allocation
Sector Value Corporate 59.29% Cash Equivalent 24.11% Government 16.34% Credit Quality
Rating Value AA 9.24% AAA 90.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 12122024
Sovereign Bonds | -3% ₹486 Cr 50,000,000 Rural Electrification Corporation Limited
Debentures | -3% ₹459 Cr 4,600 India (Republic of)
- | -3% ₹396 Cr 40,000,000 India (Republic of)
- | -3% ₹385 Cr 40,000,000 India (Republic of)
- | -3% ₹377 Cr 38,000,010
↓ -53,500,000 Mahindra And Mahindra Financial Services Limited
Debentures | -2% ₹350 Cr 3,500 LIC Housing Finance Ltd
Debentures | -2% ₹297 Cr 3,000 Nirma Limited 0.083%
Debentures | -2% ₹250 Cr 25,000 IDFC First Bank Ltd.
Debentures | -2% ₹239 Cr 25,000 Bharti Telecom Limited
Debentures | -2% ₹226 Cr 2,250 7. DSP BlackRock Money Manager Fund
CAGR/Annualized
return of 6.7% since its launch. Ranked 75 in Ultrashort Bond
category. Return for 2023 was 6.7% , 2022 was 4.1% and 2021 was 2.9% . DSP BlackRock Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (24 Jul 24) ₹3,190.9 ↑ 0.56 (0.02 %) Net Assets (Cr) ₹2,676 on 30 Jun 24 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio -1 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.56% Effective Maturity 5 Months 23 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,660 30 Jun 21 ₹10,991 30 Jun 22 ₹11,318 30 Jun 23 ₹11,986 30 Jun 24 ₹12,808 Returns for DSP BlackRock Money Manager Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.5% 1 Year 6.9% 3 Year 5.3% 5 Year 5% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 8.8% Fund Manager information for DSP BlackRock Money Manager Fund
Name Since Tenure Kedar Karnik 17 Jul 16 7.96 Yr. Karan Mundhra 31 May 21 3.09 Yr. Data below for DSP BlackRock Money Manager Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 69.99% Debt 29.76% Other 0.25% Debt Sector Allocation
Sector Value Corporate 58.91% Cash Equivalent 31.58% Government 9.26% Credit Quality
Rating Value AA 2.67% AAA 97.33% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 DTB 05122024
Sovereign Bonds | -5% ₹121 Cr 12,500,000
↑ 12,500,000 182 DTB 25072024
Sovereign Bonds | -3% ₹75 Cr 7,500,000 Bank of Baroda
Debentures | -3% ₹72 Cr 1,500 Can Fin Homes Limited
Debentures | -2% ₹51 Cr 500
↑ 500 182 DTB 18072024
Sovereign Bonds | -2% ₹50 Cr 5,000,000 182 DTB 14112024
Sovereign Bonds | -2% ₹49 Cr 5,000,000 Tata Projects Limited
Debentures | -2% ₹48 Cr 1,000
↑ 1,000 Punjab National Bank
Domestic Bonds | -2% ₹48 Cr 1,000 LIC Housing Finance Ltd
Debentures | -2% ₹48 Cr 450 IDFC First Bank Ltd.
Debentures | -2% ₹48 Cr 1,000 8. Invesco India Ultra Short Term Fund
CAGR/Annualized
return of 7.1% since its launch. Ranked 40 in Ultrashort Bond
category. Return for 2023 was 6.6% , 2022 was 4.1% and 2021 was 3% . Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (24 Jul 24) ₹2,523.23 ↑ 0.52 (0.02 %) Net Assets (Cr) ₹692 on 30 Jun 24 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.89 Sharpe Ratio 0.15 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.55% Effective Maturity 5 Months 22 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,705 30 Jun 21 ₹11,052 30 Jun 22 ₹11,389 30 Jun 23 ₹12,071 30 Jun 24 ₹12,930 Returns for Invesco India Ultra Short Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.9% 1 Year 7.2% 3 Year 5.5% 5 Year 5.2% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.6% 2022 4.1% 2021 3% 2020 5.1% 2019 7.6% 2018 7.3% 2017 7.1% 2016 9.1% 2015 8.3% 2014 10.1% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 4.49 Yr. Vikas Garg 27 Jul 21 2.93 Yr. Data below for Invesco India Ultra Short Term Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 47.77% Debt 51.93% Other 0.3% Debt Sector Allocation
Sector Value Corporate 65.76% Government 17.02% Cash Equivalent 16.93% Credit Quality
Rating Value AA 15.02% AAA 84.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity Canara Bank
Domestic Bonds | -7% ₹48 Cr 5,000,000
↑ 5,000,000 Power Grid Corporation Of India Limited
Debentures | -4% ₹25 Cr 2,500,000
↑ 2,500,000 Bharti Telecom Limited
Debentures | -4% ₹25 Cr 2,500,000 National Housing Bank
Debentures | -4% ₹25 Cr 2,500,000 National Housing Bank
Debentures | -4% ₹25 Cr 2,500,000
↑ 2,500,000 182 DTB 28112024
Sovereign Bonds | -4% ₹24 Cr 2,500,000 182 DTB 12122024
Sovereign Bonds | -4% ₹24 Cr 2,500,000 HDFC Bank Ltd.
Debentures | -3% ₹24 Cr 2,500,000 Indian Bank
Domestic Bonds | -3% ₹24 Cr 2,500,000 LIC Housing Finance Ltd
Debentures | -3% ₹20 Cr 2,000,000 9. SBI Magnum Ultra Short Duration Fund
CAGR/Annualized
return of 7.1% since its launch. Return for 2023 was 7% , 2022 was 4.5% and 2021 was 3.4% . SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (24 Jul 24) ₹5,585.94 ↑ 0.99 (0.02 %) Net Assets (Cr) ₹12,915 on 15 Jul 24 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.49 Sharpe Ratio 0.7 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.54% Effective Maturity 5 Months 26 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,769 30 Jun 21 ₹11,178 30 Jun 22 ₹11,554 30 Jun 23 ₹12,291 30 Jun 24 ₹13,174 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.7% 1 Year 7.2% 3 Year 5.7% 5 Year 5.6% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 9% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Arun R. 1 Jun 21 3.08 Yr. Ardhendu Bhattacharya 1 Dec 23 0.58 Yr. Pradeep Kesavan 1 Dec 23 0.58 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 15 Jul 24
Asset Allocation
Asset Class Value Cash 66.91% Debt 32.86% Other 0.23% Debt Sector Allocation
Sector Value Corporate 58.6% Cash Equivalent 34.7% Government 6.47% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 91 DTB 02082024
Sovereign Bonds | -6% ₹798 Cr 80,000,000 Indian Bank
Domestic Bonds | -3% ₹444 Cr 9,000
↑ 9,000 India (Republic of)
- | -3% ₹443 Cr 45,000,000
↑ 45,000,000 Power Finance Corporation Limited
Debentures | -3% ₹383 Cr 3,850
↑ 1,000 Panatone Finvest Ltd
Debentures | -2% ₹288 Cr 6,000 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹271 Cr 5,500 182 DTB 25072024
Sovereign Bonds | -2% ₹250 Cr 25,000,000 LIC Housing Finance Ltd
Debentures | -2% ₹248 Cr 2,500 RBL Bank Ltd.
Debentures | -2% ₹243 Cr 5,000 Equitas Small Finance Bank Ltd.
Debentures | -2% ₹242 Cr 5,000 10. BOI AXA Ultra Short Duration Fund
CAGR/Annualized
return of 7% since its launch. Ranked 9 in Ultrashort Bond
category. Return for 2023 was 6.2% , 2022 was 4.4% and 2021 was 3.2% . BOI AXA Ultra Short Duration Fund
Growth Launch Date 16 Jul 08 NAV (24 Jul 24) ₹2,969.72 ↑ 0.57 (0.02 %) Net Assets (Cr) ₹169 on 30 Jun 24 Category Debt - Ultrashort Bond AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.66 Sharpe Ratio -4.5 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.31% Effective Maturity 5 Months 16 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹10,675 30 Jun 21 ₹11,035 30 Jun 22 ₹11,394 30 Jun 23 ₹12,079 30 Jun 24 ₹12,836 Returns for BOI AXA Ultra Short Duration Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Jul 24 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.3% 1 Year 6.3% 3 Year 5.3% 5 Year 5.1% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 9.3% Fund Manager information for BOI AXA Ultra Short Duration Fund
Name Since Tenure Mithraem Bharucha 17 Aug 21 2.87 Yr. Data below for BOI AXA Ultra Short Duration Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 72.99% Debt 26.76% Other 0.24% Debt Sector Allocation
Sector Value Corporate 60.38% Cash Equivalent 27.06% Government 12.31% Credit Quality
Rating Value AA 6.4% AAA 93.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity Power Grid Corporation Of India Limited
Debentures | -6% ₹10 Cr 1,005,000 Cholamandalam Investment And Finance Company Limited
Debentures | -6% ₹10 Cr 1,000,000 Larsen And Toubro Limited
Debentures | -6% ₹10 Cr 1,000,000 LIC Housing Finance Ltd
Debentures | -6% ₹10 Cr 1,000,000 364 DTB 28112024
Sovereign Bonds | -6% ₹10 Cr 1,000,000 HDFC Bank Limited
Debentures | -2% ₹4 Cr 400,000 India (Republic of)
- | -1% ₹1 Cr 100,000 LIC Housing Finance Ltd
Debentures | -0% ₹0 Cr 50,000 Corporate Debt Market Development Fund
Investment Fund | -0% ₹0 Cr 400
↑ 38 Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)
Certificate of Deposit | -8% ₹14 Cr 1,500,000
Thus, from the above-given parameters, we can conclude that Ultra Short Term Funds are a better option as compared to fixed deposits.