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Fincash » Mutual Funds » Ultra Short Term Funds Vs Fixed Deposits

Ultra Short Term Funds V/s Fixed Deposits

Updated on November 30, 2022 , 6792 views

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-VS-Fixed-Deposits

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

1. Aditya Birla Sun Life Savings Fund

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 CAGR/Annualized return of 7.4% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2021 was 3.9% , 2020 was 7% and 2019 was 8.5% .

Below is the key information for Aditya Birla Sun Life Savings Fund

Aditya Birla Sun Life Savings Fund
Growth
Launch Date 16 Apr 03
NAV (02 Dec 22) ₹453.953 ↑ 0.11   (0.02 %)
Net Assets (Cr) ₹14,075 on 31 Oct 22
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.49
Sharpe Ratio -0.48
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 11 Days
Modified Duration 6 Months

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,706
30 Nov 19₹11,654
30 Nov 20₹12,491
30 Nov 21₹12,981
30 Nov 22₹13,564

Aditya Birla Sun Life Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for Aditya Birla Sun Life Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.6%
3 Month 1.4%
6 Month 2.7%
1 Year 4.5%
3 Year 5.2%
5 Year 6.3%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.9%
2020 7%
2019 8.5%
2018 7.6%
2017 7.2%
2016 9.2%
2015 8.9%
2014 9.7%
2013 9.5%
2012 9.7%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure
Sunaina Cunha14 Jun 148.39 Yr.
Kaustubh Gupta15 Jul 1111.31 Yr.
Monika Gandhi22 Mar 211.61 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 31 Oct 22

Asset Allocation
Asset ClassValue
Cash61.67%
Debt38.33%
Debt Sector Allocation
SectorValue
Corporate46.28%
Cash Equivalent27.8%
Government25.92%
Credit Quality
RatingValue
AA14.21%
AAA85.79%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Ltd
Debentures | -
4%₹600 Cr6,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹279 Cr2,750
Reliance Industries Limited
Debentures | -
2%₹255 Cr2,500
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹250 Cr2,500
08.54 MH Sdl 2023
Sovereign Bonds | -
2%₹247 Cr24,500,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹245 Cr2,450
08.21 HR UDAY 2023
Domestic Bonds | -
2%₹236 Cr23,500,000
08.39 RJ UDAY 2023
Domestic Bonds | -
1%₹216 Cr21,477,000
08.24 GJ Sdl 2023
Sovereign Bonds | -
1%₹211 Cr21,000,000
08.48 KA Sdl 2022
Sovereign Bonds | -
1%₹200 Cr20,000,000

2. Nippon India Ultra Short Duration Fund

(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 CAGR/Annualized return of 6% since its launch.  Ranked 62 in Ultrashort Bond category.  Return for 2021 was 7.8% , 2020 was 4.9% and 2019 was 0.9% .

Below is the key information for Nippon India Ultra Short Duration Fund

Nippon India Ultra Short Duration Fund
Growth
Launch Date 7 Dec 01
NAV (02 Dec 22) ₹3,379.44 ↑ 0.63   (0.02 %)
Net Assets (Cr) ₹4,915 on 31 Oct 22
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.12
Sharpe Ratio -0.92
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.18%
Effective Maturity 6 Months 1 Day
Modified Duration 5 Months 13 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,700
30 Nov 19₹10,812
30 Nov 20₹11,364
30 Nov 21₹12,250
30 Nov 22₹12,791

Nippon India Ultra Short Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Nippon India Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.6%
3 Month 1.3%
6 Month 2.6%
1 Year 4.4%
3 Year 5.8%
5 Year 5%
10 Year
15 Year
Since launch 6%
Historical performance (Yearly) on absolute basis
YearReturns
2021 7.8%
2020 4.9%
2019 0.9%
2018 7.3%
2017 5.8%
2016 6.8%
2015 7.6%
2014 8.4%
2013 8.5%
2012 9.2%
Fund Manager information for Nippon India Ultra Short Duration Fund
NameSinceTenure
Vivek Sharma1 Oct 139.09 Yr.
Kinjal Desai25 May 184.44 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 31 Oct 22

Asset Allocation
Asset ClassValue
Cash68.76%
Debt31.24%
Debt Sector Allocation
SectorValue
Corporate45.48%
Cash Equivalent37.13%
Government17.38%
Credit Quality
RatingValue
AA21.33%
AAA78.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 22122022
Sovereign Bonds | -
4%₹222 Cr22,500,000
Tata Realty And Infrastructure Limited
Debentures | -
3%₹148 Cr1,500
Shriram Transport Finance Company Limited
Debentures | -
2%₹105 Cr1,050
↑ 1,050
Reliance Industries Limited
Debentures | -
2%₹102 Cr1,000
08.39 RJ UDAY 2024
Domestic Bonds | -
2%₹101 Cr10,000,000
↑ 10,000,000
Shriram Housing Finance Limited
Debentures | -
2%₹101 Cr1,000
National Housing Bank
Debentures | -
2%₹100 Cr1,000
Axis Bank Ltd.
Debentures | -
2%₹93 Cr2,000
↑ 2,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹91 Cr900
Samvardhana Motherson International Limited
Debentures | -
1%₹74 Cr750

3. DSP BlackRock Money Manager Fund

"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 CAGR/Annualized return of 6.7% since its launch.  Ranked 75 in Ultrashort Bond category.  Return for 2021 was 2.9% , 2020 was 4.7% and 2019 was 7.3% .

Below is the key information for DSP BlackRock Money Manager Fund

DSP BlackRock Money Manager Fund
Growth
Launch Date 31 Jul 06
NAV (02 Dec 22) ₹2,863.43 ↑ 0.47   (0.02 %)
Net Assets (Cr) ₹2,449 on 31 Oct 22
Category Debt - Ultrashort Bond
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.69
Sharpe Ratio -2.75
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.1%
Effective Maturity 4 Months 13 Days
Modified Duration 4 Months 2 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,581
30 Nov 19₹11,268
30 Nov 20₹11,814
30 Nov 21₹12,151
30 Nov 22₹12,614

DSP BlackRock Money Manager Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235
Invest Now

Returns for DSP BlackRock Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.5%
3 Month 1.2%
6 Month 2.4%
1 Year 3.8%
3 Year 3.8%
5 Year 4.8%
10 Year
15 Year
Since launch 6.7%
Historical performance (Yearly) on absolute basis
YearReturns
2021 2.9%
2020 4.7%
2019 7.3%
2018 5%
2017 6%
2016 7.5%
2015 7.9%
2014 8.8%
2013 9.2%
2012 8.9%
Fund Manager information for DSP BlackRock Money Manager Fund
NameSinceTenure
Kedar Karnik17 Jul 166.3 Yr.
Karan Mundhra31 May 211.42 Yr.

Data below for DSP BlackRock Money Manager Fund as on 31 Oct 22

Asset Allocation
Asset ClassValue
Cash89.92%
Debt10.08%
Debt Sector Allocation
SectorValue
Corporate45.11%
Cash Equivalent41%
Government13.88%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.84% Govt Stock 2022
Sovereign Bonds | -
4%₹87 Cr8,500,000
364 Dtb 16022023
Sovereign Bonds | -
2%₹49 Cr5,000,000
364 Dtb 02032023
Sovereign Bonds | -
2%₹49 Cr5,000,000
ICICI Bank Ltd.
Debentures | -
2%₹48 Cr1,000
↑ 1,000
Larsen And Toubro Limited
Debentures | -
1%₹36 Cr350
Housing Development Finance Corporation Ltd
Debentures | -
1%₹26 Cr250
Sikka Ports & Terminals Limited
Debentures | -
1%₹26 Cr250
Jamnagar Utilities & Power Private Limited
Debentures | -
1%₹25 Cr250
Power Finance Corporation Ltd.
Debentures | -
1%₹16 Cr160
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
10%₹247 Cr

4. Principal Ultra Short Term Fund

(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 CAGR/Annualized return of 5.7% since its launch.  Ranked 43 in Ultrashort Bond category.  Return for 2021 was 2.7% , 2020 was 4.1% and 2019 was 6.5% .

Below is the key information for Principal Ultra Short Term Fund

Principal Ultra Short Term Fund
Growth
Launch Date 28 Dec 07
NAV (02 Dec 22) ₹2,292.04 ↑ 0.37   (0.02 %)
Net Assets (Cr) ₹1,111 on 31 Oct 22
Category Debt - Ultrashort Bond
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.25
Sharpe Ratio -5.36
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 2,000
Exit Load NIL
Yield to Maturity 6.93%
Effective Maturity 2 Months 30 Days
Modified Duration 2 Months 28 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,088
30 Nov 19₹10,785
30 Nov 20₹11,237
30 Nov 21₹11,537
30 Nov 22₹11,930

Principal Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹191,330.
Net Profit of ₹11,330
Invest Now

Returns for Principal Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.5%
3 Month 1.1%
6 Month 2.2%
1 Year 3.4%
3 Year 3.4%
5 Year 3.6%
10 Year
15 Year
Since launch 5.7%
Historical performance (Yearly) on absolute basis
YearReturns
2021 2.7%
2020 4.1%
2019 6.5%
2018 1.2%
2017 6.3%
2016 7.9%
2015 8.8%
2014 9.4%
2013 9.8%
2012 10%
Fund Manager information for Principal Ultra Short Term Fund
NameSinceTenure
Dwijendra Srivastava16 May 220.46 Yr.
Sandeep Agarwal1 Jan 220.83 Yr.

Data below for Principal Ultra Short Term Fund as on 31 Oct 22

Asset Allocation
Asset ClassValue
Cash92.3%
Debt7.7%
Debt Sector Allocation
SectorValue
Cash Equivalent55.07%
Corporate33.36%
Government11.57%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
LIC Housing Finance Limited
Debentures | -
5%₹50 Cr500
182 Dtb 01122022
Sovereign Bonds | -
2%₹25 Cr2,500,000
Citicorp Finance (India) Limited
Debentures | -
2%₹25 Cr250
364 Dtb 08122022
Sovereign Bonds | -
1%₹10 Cr1,000,000
LIC Housing Finance Limited
Debentures | -
1%₹10 Cr100
Power Grid Corporation Of India Limited
Debentures | -
1%₹7 Cr55
Treps
CBLO/Reverse Repo | -
25%₹274 Cr
Export-Import Bank Of India
Commercial Paper | -
5%₹49 Cr1,000
Punjab & Sind Bank
Certificate of Deposit | -
4%₹49 Cr1,000
Birla Group Holdings Private Limited
Commercial Paper | -
4%₹45 Cr900

5. ICICI Prudential Ultra Short Term Fund

(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 CAGR/Annualized return of 7.5% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2021 was 4% , 2020 was 6.5% and 2019 was 8.4% .

Below is the key information for ICICI Prudential Ultra Short Term Fund

ICICI Prudential Ultra Short Term Fund
Growth
Launch Date 3 May 11
NAV (02 Dec 22) ₹23.102 ↑ 0.00   (0.02 %)
Net Assets (Cr) ₹11,752 on 15 Nov 22
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.93
Sharpe Ratio -1.55
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 6.92%
Effective Maturity 4 Months 20 Days
Modified Duration 4 Months 2 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,690
30 Nov 19₹11,622
30 Nov 20₹12,409
30 Nov 21₹12,906
30 Nov 22₹13,462

ICICI Prudential Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132
Invest Now

Returns for ICICI Prudential Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.6%
3 Month 1.3%
6 Month 2.6%
1 Year 4.3%
3 Year 5%
5 Year 6.1%
10 Year
15 Year
Since launch 7.5%
Historical performance (Yearly) on absolute basis
YearReturns
2021 4%
2020 6.5%
2019 8.4%
2018 7.5%
2017 6.9%
2016 9.8%
2015 9.1%
2014 14.8%
2013 3.1%
2012 9.4%
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure
Manish Banthia15 Nov 165.96 Yr.
Ritesh Lunawat15 Jun 175.38 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash65.66%
Debt34.34%
Debt Sector Allocation
SectorValue
Cash Equivalent53.93%
Corporate30.47%
Government15.6%
Credit Quality
RatingValue
A0.98%
AA16.24%
AAA82.78%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 24112022
Sovereign Bonds | -
7%₹894 Cr90,000,000
National Bank For Agriculture And Rural Development
Debentures | -
4%₹570 Cr5,750
182 Dtb 01122022
Sovereign Bonds | -
3%₹447 Cr45,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹426 Cr4,250
Housing Development Finance Corporation Ltd
Debentures | -
3%₹419 Cr4,200
182 Dtb 17112022
Sovereign Bonds | -
3%₹378 Cr38,000,000
Housing Development Finance Corporation Ltd
Debentures | -
2%₹307 Cr3,100
Housing Development Finance Corporation Ltd
Debentures | -
2%₹250 Cr2,500
Shriram Transport Finance Company Limited
Debentures | -
2%₹201 Cr2,000
Axis Bank Ltd.
Debentures | -
1%₹186 Cr4,000
↑ 4,000

6. Kotak Savings Fund

(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 CAGR/Annualized return of 7.2% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2021 was 3.2% , 2020 was 5.8% and 2019 was 7.8% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (02 Dec 22) ₹35.9154 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹12,853 on 15 Nov 22
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.44
Sharpe Ratio -1.61
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.89%
Effective Maturity 6 Months 4 Days
Modified Duration 4 Months 13 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,696
30 Nov 19₹11,577
30 Nov 20₹12,268
30 Nov 21₹12,660
30 Nov 22₹13,189

Kotak Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Kotak Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.5%
3 Month 1.3%
6 Month 2.5%
1 Year 4.2%
3 Year 4.4%
5 Year 5.7%
10 Year
15 Year
Since launch 7.2%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.2%
2020 5.8%
2019 7.8%
2018 7.4%
2017 6.7%
2016 8.2%
2015 8.6%
2014 9.4%
2013 8.9%
2012 9.6%
Fund Manager information for Kotak Savings Fund
NameSinceTenure
Deepak Agrawal15 Apr 0814.56 Yr.
Vihag Mishra30 Apr 220.51 Yr.
Manu Sharma1 Nov 220 Yr.

Data below for Kotak Savings Fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash72.43%
Debt27.57%
Debt Sector Allocation
SectorValue
Cash Equivalent44.29%
Government28.23%
Corporate27.48%
Credit Quality
RatingValue
AA11.97%
AAA88.03%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 09032023
Sovereign Bonds | -
4%₹487 Cr50,000,000
182 DTB 16032023
Sovereign Bonds | -
4%₹487 Cr50,000,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹249 Cr2,450
182 DTB 23032023
Sovereign Bonds | -
2%₹243 Cr25,000,000
Muthoot Finance Limited
Debentures | -
2%₹200 Cr2,000,000
LIC Housing Finance Limited
Debentures | -
1%₹175 Cr1,750
Housing Development Finance Corporation Ltd
Debentures | -
1%₹175 Cr1,750
Rural Electrification Corporation Limited
Debentures | -
1%₹161 Cr1,600
India (Republic of)
Sovereign Bonds | -
1%₹158 Cr16,250,000
↑ 16,250,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
1%₹150 Cr1,500

7. UTI Ultra Short Term Fund

(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 CAGR/Annualized return of 6.8% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2021 was 6.1% , 2020 was 5.3% and 2019 was 3.3% .

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund
Growth
Launch Date 29 Aug 03
NAV (02 Dec 22) ₹3,556.95 ↑ 0.62   (0.02 %)
Net Assets (Cr) ₹2,073 on 31 Oct 22
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.95
Sharpe Ratio -2.22
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 6.87%
Effective Maturity 4 Months 28 Days
Modified Duration 4 Months 23 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,657
30 Nov 19₹11,035
30 Nov 20₹11,632
30 Nov 21₹12,352
30 Nov 22₹12,838

UTI Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for UTI Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.5%
3 Month 1.2%
6 Month 2.5%
1 Year 3.9%
3 Year 5.2%
5 Year 5.1%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
2021 6.1%
2020 5.3%
2019 3.3%
2018 7%
2017 6.6%
2016 8.9%
2015 8.5%
2014 8.8%
2013 9.8%
2012 9%
Fund Manager information for UTI Ultra Short Term Fund
NameSinceTenure
Ritesh Nambiar1 Jul 157.34 Yr.

Data below for UTI Ultra Short Term Fund as on 31 Oct 22

Asset Allocation
Asset ClassValue
Cash73.33%
Debt26.67%
Debt Sector Allocation
SectorValue
Cash Equivalent43.96%
Corporate30.92%
Government25.12%
Credit Quality
RatingValue
AA17.52%
AAA82.48%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 23032023
Sovereign Bonds | -
3%₹73 Cr750,000,000
182 DTB 30032023
Sovereign Bonds | -
3%₹68 Cr700,000,000
↑ 500,000,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
3%₹62 Cr500
National Bank For Agriculture And Rural Development
Debentures | -
3%₹60 Cr600
↑ 100
The Tata Power Company Limited
Debentures | -
3%₹60 Cr600
↓ -100
Indian Railway Finance Corporation Limited
Debentures | -
2%₹50 Cr500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹50 Cr500
Shriram Transport Finance Company Limited
Debentures | -
2%₹42 Cr420
Tmf Holdings Limited
Debentures | -
2%₹34 Cr250
Power Finance Corporation Ltd.
Debentures | -
1%₹30 Cr300

8. Canara Robeco Ultra Short Term Fund

(Erstwhile Canara Robeco Treasury Advantage Fund)

To generate income/capital appreciation through a low risk strategy by investment in Money Market Instruments (MMI). However, there can be no assurance that the investment objective of the scheme will be realized.

Canara Robeco Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 14 Jul 08. It is a fund with Low risk and has given a CAGR/Annualized return of 6.8% since its launch.  Ranked 72 in Ultrashort Bond category.  Return for 2021 was 2.6% , 2020 was 4.5% and 2019 was 6.6% .

Below is the key information for Canara Robeco Ultra Short Term Fund

Canara Robeco Ultra Short Term Fund
Growth
Launch Date 14 Jul 08
NAV (02 Dec 22) ₹3,213.91 ↑ 0.55   (0.02 %)
Net Assets (Cr) ₹584 on 15 Nov 22
Category Debt - Ultrashort Bond
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Low
Expense Ratio 0.95
Sharpe Ratio -3.55
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.87%
Effective Maturity 3 Months 25 Days
Modified Duration 3 Months 19 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,596
30 Nov 19₹11,318
30 Nov 20₹11,849
30 Nov 21₹12,157
30 Nov 22₹12,599

Canara Robeco Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235
Invest Now

Returns for Canara Robeco Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.5%
3 Month 1.2%
6 Month 2.3%
1 Year 3.7%
3 Year 3.6%
5 Year 4.7%
10 Year
15 Year
Since launch 6.8%
Historical performance (Yearly) on absolute basis
YearReturns
2021 2.6%
2020 4.5%
2019 6.6%
2018 6.1%
2017 5.7%
2016 7.3%
2015 8.4%
2014 9.3%
2013 9.1%
2012 9.9%
Fund Manager information for Canara Robeco Ultra Short Term Fund
NameSinceTenure
Suman Prasad12 Apr 1111.56 Yr.
Avnish Jain1 Apr 220.59 Yr.

Data below for Canara Robeco Ultra Short Term Fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash62.74%
Debt37.26%
Debt Sector Allocation
SectorValue
Corporate38.52%
Cash Equivalent35.75%
Government25.73%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 08122022
Sovereign Bonds | -
9%₹50 Cr5,000,000
364 Dtb 19012023
Sovereign Bonds | -
9%₹49 Cr5,000,000
Kotak Mahindra Prime Limited
Debentures | -
6%₹35 Cr350
Ntpc Limited
Debentures | -
5%₹30 Cr300
Rec Limited
Debentures | -
4%₹25 Cr250
Reliance Industries Limited
Debentures | -
4%₹25 Cr250
National Bank For Agriculture And Rural Development
Debentures | -
4%₹25 Cr250
LIC Housing Finance Limited
Debentures | -
4%₹25 Cr250
182 DTB 05012023
Sovereign Bonds | -
4%₹25 Cr2,500,000
08.21 RJ UDAY 2023
Domestic Bonds | -
4%₹20 Cr2,000,000

9. IDBI Ultra Short Term Fund

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.

IDBI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 Sep 10. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.1% since its launch.  Ranked 78 in Ultrashort Bond category.  Return for 2021 was 3.9% , 2020 was 5.1% and 2019 was 6.9% .

Below is the key information for IDBI Ultra Short Term Fund

IDBI Ultra Short Term Fund
Growth
Launch Date 3 Sep 10
NAV (02 Dec 22) ₹2,324.07 ↑ 0.40   (0.02 %)
Net Assets (Cr) ₹212 on 15 Nov 22
Category Debt - Ultrashort Bond
AMC IDBI Asset Management Limited
Rating
Risk Moderately Low
Expense Ratio 0.6
Sharpe Ratio -1.77
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 6.86%
Effective Maturity 4 Months 8 Days
Modified Duration 3 Months 18 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,636
30 Nov 19₹11,405
30 Nov 20₹11,999
30 Nov 21₹12,483
30 Nov 22₹13,016

IDBI Ultra Short Term Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for IDBI Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.5%
3 Month 1.4%
6 Month 2.7%
1 Year 4.3%
3 Year 4.5%
5 Year 5.4%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.9%
2020 5.1%
2019 6.9%
2018 6.9%
2017 5.8%
2016 7.9%
2015 7.8%
2014 8.7%
2013 9.2%
2012 9.7%
Fund Manager information for IDBI Ultra Short Term Fund
NameSinceTenure
Raju Sharma7 Sep 220.15 Yr.

Data below for IDBI Ultra Short Term Fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash83.14%
Debt16.86%
Debt Sector Allocation
SectorValue
Cash Equivalent67.3%
Government22.04%
Corporate10.66%
Credit Quality
RatingValue
AA6.53%
AAA93.47%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 12012023
Sovereign Bonds | -
11%₹25 Cr2,500,000
↑ 2,500,000
364 DTB 12102023
Sovereign Bonds | -
10%₹23 Cr2,500,000
↑ 2,500,000
182 Dtb 01122022
Sovereign Bonds | -
7%₹15 Cr1,500,000
Steel Authority Of India Limited
Debentures | -
2%₹5 Cr520,000
The Tata Power Company Limited
Debentures | -
1%₹2 Cr200,000
Chennai Petroleum Corporation Ltd.
Debentures | -
1%₹2 Cr200,000
Rec Limited
Debentures | -
1%₹2 Cr200,000
Godrej Properties Limited
Debentures | -
1%₹1 Cr150,000
JSW Steel Limited
Debentures | -
1%₹1 Cr150,000
TATA Motors Limited
Debentures | -
1%₹1 Cr150,000

10. BOI AXA Ultra Short Duration Fund

(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 CAGR/Annualized return of 7.1% since its launch.  Ranked 9 in Ultrashort Bond category.  Return for 2021 was 3.2% , 2020 was 4.9% and 2019 was 7.5% .

Below is the key information for BOI AXA Ultra Short Duration Fund

BOI AXA Ultra Short Duration Fund
Growth
Launch Date 16 Jul 08
NAV (02 Dec 22) ₹2,680.95 ↑ 0.53   (0.02 %)
Net Assets (Cr) ₹142 on 15 Nov 22
Category Debt - Ultrashort Bond
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately Low
Expense Ratio 0.59
Sharpe Ratio -1.65
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 6.85%
Effective Maturity 3 Months 29 Days
Modified Duration 3 Months 22 Days

Growth of 10,000 investment over the years.

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,733
30 Nov 19₹11,578
30 Nov 20₹12,170
30 Nov 21₹12,545
30 Nov 22₹13,059

BOI AXA Ultra Short Duration Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for BOI AXA Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Dec 22

DurationReturns
1 Month 0.5%
3 Month 1.3%
6 Month 2.6%
1 Year 4.1%
3 Year 4.1%
5 Year 5.5%
10 Year
15 Year
Since launch 7.1%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.2%
2020 4.9%
2019 7.5%
2018 7.6%
2017 8%
2016 9.1%
2015 8.7%
2014 9.3%
2013 9.2%
2012 8.5%
Fund Manager information for BOI AXA Ultra Short Duration Fund
NameSinceTenure
Mithraem Bharucha17 Aug 211.21 Yr.

Data below for BOI AXA Ultra Short Duration Fund as on 15 Nov 22

Asset Allocation
Asset ClassValue
Cash38.82%
Debt61.18%
Debt Sector Allocation
SectorValue
Government53.69%
Corporate29.31%
Cash Equivalent17%
Credit Quality
RatingValue
AA1.77%
AAA98.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
12%₹15 Cr1,500,000
↑ 1,500,000
182 DTB 02032023
Sovereign Bonds | -
9%₹11 Cr1,150,000
Power Grid Corporation Of India Limited
Debentures | -
8%₹10 Cr1,000,000
Small Industries Development Bank Of India
Debentures | -
8%₹10 Cr1,000,000
National Housing Bank
Debentures | -
8%₹10 Cr1,000,000
Bajaj Finance Limited
Debentures | -
8%₹10 Cr1,000,000
182 DTB 26012023
Sovereign Bonds | -
8%₹10 Cr1,000,000
The Tata Power Company Limited
Debentures | -
1%₹1 Cr120,000
TATA Motors Finance Limited
Debentures | -
1%₹1 Cr100,000
364 DTB 29062023
Sovereign Bonds | -
1%₹1 Cr100,000

Thus, from the above-given parameters, we can conclude that Ultra Short Term Funds are a better option as compared to fixed deposits.

Disclaimer:
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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