+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
(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. Below is the key information for Nippon India Ultra Short Duration Fund Returns up to 1 year are on (Erstwhile UTI - Floating Rate Fund - Short Term Plan) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. Research Highlights for UTI Ultra Short Term Fund Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Regular Income Fund) The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. Research Highlights for ICICI Prudential Ultra Short Term Fund Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on "The primary 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 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 SBI Magnum InstaCash Fund) To provide the investors an opportunity to earn returns through investment in
debt & money market securities, while having the benefit of a very high degree of liquidity. Research Highlights for SBI Magnum Ultra Short Duration Fund Below is the key information for SBI Magnum Ultra Short Duration Fund Returns up to 1 year are on The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. Research Highlights for Aditya Birla Sun Life Savings Fund Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (Erstwhile Motilal Oswal MOSt Ultra Short Term Bond Fund) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Research Highlights for Motilal Oswal Ultra Short Term Fund Below is the key information for Motilal Oswal Ultra Short Term Fund Returns up to 1 year are on 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 1. Nippon India Ultra Short Duration Fund
Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (22 May 26) ₹4,234.6 ↑ 0.18 (0.00 %) Net Assets (Cr) ₹11,083 on 30 Apr 26 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.12 Sharpe Ratio 1.37 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.97% Effective Maturity 8 Months 14 Days Modified Duration 5 Months 26 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 21 ₹10,000 30 Apr 22 ₹10,759 30 Apr 23 ₹11,351 30 Apr 24 ₹12,139 30 Apr 25 ₹13,031 30 Apr 26 ₹13,832 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 May 26 Duration Returns 1 Month 0.1% 3 Month 1.3% 6 Month 2.7% 1 Year 5.8% 3 Year 6.7% 5 Year 6.7% 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 12.59 Yr. Kinjal Desai 25 May 18 7.94 Yr. Akshay Sharma 1 Dec 22 3.42 Yr. Amber Singhania 11 Mar 26 0.14 Yr. Data below for Nippon India Ultra Short Duration Fund as on 30 Apr 26
Asset Allocation
Asset Class Value Cash 48.37% Debt 51.35% Other 0.29% Debt Sector Allocation
Sector Value Corporate 65.74% Cash Equivalent 24.54% Government 9.43% Credit Quality
Rating Value AA 32.95% AAA 67.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tbill
Sovereign Bonds | -4% ₹392 Cr 40,000,000
↑ 40,000,000 16/04/2026 Maturing 182 DTB
Sovereign Bonds | -2% ₹250 Cr 25,000,000 Vedanta Limited
Debentures | -2% ₹241 Cr 24,000 Indigrid Infrastructure Trust
Debentures | -2% ₹240 Cr 2,400
↑ 1,250 TATA Communications Limited
Debentures | -2% ₹225 Cr 22,500 30/04/2026 Maturing 182 DTB
Sovereign Bonds | -2% ₹215 Cr 21,500,000 Aadhar Housing Finance Limited
Debentures | -2% ₹201 Cr 20,000 Embassy Office Parks Reit
Debentures | -2% ₹200 Cr 2,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹195 Cr 1,950 National Bank for Agriculture and Rural Development
Domestic Bonds | -2% ₹188 Cr 4,000
↑ 4,000 2. UTI Ultra Short Term Fund
UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (22 May 26) ₹4,446.17 ↑ 0.47 (0.01 %) Net Assets (Cr) ₹4,126 on 30 Apr 26 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.93 Sharpe Ratio 0.54 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.8% Effective Maturity 7 Months 21 Days Modified Duration 6 Months 18 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 21 ₹10,000 30 Apr 22 ₹10,613 30 Apr 23 ₹11,178 30 Apr 24 ₹11,957 30 Apr 25 ₹12,830 30 Apr 26 ₹13,585 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 May 26 Duration Returns 1 Month 0.2% 3 Month 1.2% 6 Month 2.5% 1 Year 5.6% 3 Year 6.6% 5 Year 6.3% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.6% 2023 7.2% 2022 6.7% 2021 4.2% 2020 6.1% 2019 5.3% 2018 3.3% 2017 7% 2016 6.6% 2015 8.9% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Abhishek Sonthalia 10 Nov 25 0.47 Yr. Data below for UTI Ultra Short Term Fund as on 30 Apr 26
Asset Allocation
Asset Class Value Cash 65.56% Debt 34.12% Other 0.32% Debt Sector Allocation
Sector Value Corporate 55.43% Cash Equivalent 32.28% Government 11.97% Credit Quality
Rating Value AA 24.96% AAA 75.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tbill
Sovereign Bonds | -7% ₹298 Cr 3,000,000,000 Kotak Mahindra Bank Ltd.
Debentures | -4% ₹171 Cr 1,750,000,000
↑ 1,250,000,000 HDFC Bank Ltd.
Debentures | -3% ₹122 Cr 1,250,000,000
↑ 750,000,000 Shriram Finance Limited
Debentures | -2% ₹100 Cr 10,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹100 Cr 10,000 Small Industries Development Bank Of India
Debentures | -2% ₹100 Cr 10,000
↑ 10,000 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹100 Cr 1,000,000,000 Piramal Finance Limited
Debentures | -2% ₹86 Cr 8,500 Piramal Finance Limited
Debentures | -2% ₹75 Cr 7,500 TATA Communications Limited
Debentures | -2% ₹75 Cr 7,500 3. ICICI Prudential Ultra Short Term Fund
ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (22 May 26) ₹29.1371 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹15,929 on 30 Apr 26 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.8 Sharpe Ratio 1.75 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 7.73% Effective Maturity 6 Months 29 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 21 ₹10,000 30 Apr 22 ₹10,383 30 Apr 23 ₹10,971 30 Apr 24 ₹11,764 30 Apr 25 ₹12,647 30 Apr 26 ₹13,447 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 May 26 Duration Returns 1 Month 0.1% 3 Month 1.2% 6 Month 2.6% 1 Year 5.9% 3 Year 6.9% 5 Year 6.1% 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 9.46 Yr. Ritesh Lunawat 15 Jun 17 8.88 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 30 Apr 26
Asset Allocation
Asset Class Value Cash 94.24% Debt 5.4% Other 0.36% Debt Sector Allocation
Sector Value Corporate 60.86% Cash Equivalent 58.77% Credit Quality
Rating Value AA 22.35% AAA 77.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -3% ₹441 Cr 450 Vedanta Limited
Debentures | -3% ₹352 Cr 35,000 6.22% Govt Stock 2028
Sovereign Bonds | -2% ₹310 Cr 30,773,600 Muthoot Finance Limited
Debentures | -2% ₹296 Cr 29,500 Piramal Finance Limited
Debentures | -2% ₹241 Cr 24,000
↓ -500 AU Small Finance Bank Ltd.
Debentures | -2% ₹237 Cr 5,000 National Bank For Agriculture And Rural Development
Debentures | -1% ₹200 Cr 20,000 Motilal Oswal Home Finance Limited
Debentures | -1% ₹200 Cr 20,000 Nuvama Wealth Finance Limited
Debentures | -1% ₹200 Cr 20,000 Small Industries Development Bank Of India
Debentures | -1% ₹200 Cr 20,000 4. DSP Money Manager Fund
DSP Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (22 May 26) ₹3,569.2 ↓ -0.11 (0.00 %) Net Assets (Cr) ₹4,167 on 15 Apr 26 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio 0.35 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.71% Effective Maturity 8 Months 8 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 21 ₹10,000 30 Apr 22 ₹10,302 30 Apr 23 ₹10,833 30 Apr 24 ₹11,578 30 Apr 25 ₹12,422 30 Apr 26 ₹13,147 Returns for DSP Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 May 26 Duration Returns 1 Month 0% 3 Month 1.3% 6 Month 2.4% 1 Year 5.4% 3 Year 6.5% 5 Year 5.6% 10 Year 15 Year Since launch 6.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.7% 2023 6.9% 2022 6.7% 2021 4.1% 2020 2.9% 2019 4.7% 2018 7.3% 2017 5% 2016 6% 2015 7.5% Fund Manager information for DSP Money Manager Fund
Name Since Tenure Karan Mundhra 31 May 21 4.92 Yr. Shalini Vasanta 1 Jan 25 1.33 Yr. Data below for DSP Money Manager Fund as on 15 Apr 26
Asset Allocation
Asset Class Value Cash 63.35% Debt 36.25% Other 0.41% Debt Sector Allocation
Sector Value Corporate 67.87% Cash Equivalent 19.27% Government 12.46% Credit Quality
Rating Value AA 20.53% AAA 79.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -6% ₹232 Cr 22,000 Godrej Properties Limited
Debentures | -3% ₹133 Cr 12,500 Aditya Birla Renewables Limited
Debentures | -2% ₹79 Cr 7,500 Rec Limited
Debentures | -2% ₹79 Cr 7,500 Aadhar Housing Finance Limited
Debentures | -2% ₹78 Cr 7,200 Nuvama Wealth Finance Limited
Debentures | -1% ₹53 Cr 5,000 Cholamandalam Investment And Finance Company Limited
Debentures | -1% ₹53 Cr 5,000 Rec Limited
Debentures | -1% ₹53 Cr 5,000 Power Finance Corporation Limited
Debentures | -1% ₹53 Cr 5,000 Power Finance Corporation Limited
Debentures | -1% ₹52 Cr 500 5. Invesco India Ultra Short Term Fund
Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (22 May 26) ₹2,832.74 ↑ 0.10 (0.00 %) Net Assets (Cr) ₹1,073 on 30 Apr 26 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.74 Sharpe Ratio 0.98 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.66% Effective Maturity 6 Months 1 Day Modified Duration 5 Months 24 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 21 ₹10,000 30 Apr 22 ₹10,314 30 Apr 23 ₹10,850 30 Apr 24 ₹11,625 30 Apr 25 ₹12,488 30 Apr 26 ₹13,244 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 May 26 Duration Returns 1 Month 0.1% 3 Month 1.3% 6 Month 2.6% 1 Year 5.7% 3 Year 6.7% 5 Year 5.8% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.8% 2023 7.5% 2022 6.6% 2021 4.1% 2020 3% 2019 5.1% 2018 7.6% 2017 7.3% 2016 7.1% 2015 9.1% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 6.33 Yr. Vikas Garg 27 Jul 21 4.76 Yr. Data below for Invesco India Ultra Short Term Fund as on 30 Apr 26
Asset Allocation
Asset Class Value Cash 48.99% Debt 50.63% Other 0.38% Debt Sector Allocation
Sector Value Corporate 46.57% Cash Equivalent 30.32% Government 22.74% Credit Quality
Rating Value AA 15.72% AAA 84.28% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -7% ₹75 Cr 7,500,000
↓ -2,500,000 Small Industries Development Bank Of India
Debentures | -6% ₹65 Cr 6,500,000 Export Import Bank Of India
Debentures | -5% ₹50 Cr 5,000,000 17/09/2026 Maturing 364 DTB
Sovereign Bonds | -5% ₹49 Cr 5,000,000
↑ 5,000,000 Power Grid Corporation Of India Limited
Debentures | -3% ₹35 Cr 3,500,000
↑ 3,500,000 Power Finance Corporation Limited
Debentures | -3% ₹35 Cr 3,500,000 India (Republic of)
- | -3% ₹34 Cr 3,500,000
↑ 3,500,000 Manappuram Finance Limited
Debentures | -3% ₹28 Cr 2,800,000 Piramal Finance Limited
Debentures | -2% ₹25 Cr 2,500,000 Sundaram Home Finance Limited
Debentures | -2% ₹25 Cr 2,500,000
↑ 2,500,000 6. Kotak Savings Fund
Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (22 May 26) ₹45.011 ↓ 0.00 (-0.01 %) Net Assets (Cr) ₹16,824 on 30 Apr 26 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.81 Sharpe Ratio 1.26 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.53% Effective Maturity 6 Months 18 Days Modified Duration 5 Months 23 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 21 ₹10,000 30 Apr 22 ₹10,344 30 Apr 23 ₹10,913 30 Apr 24 ₹11,677 30 Apr 25 ₹12,536 30 Apr 26 ₹13,299 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 May 26 Duration Returns 1 Month 0.1% 3 Month 1.2% 6 Month 2.5% 1 Year 5.6% 3 Year 6.7% 5 Year 5.8% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.8% 2023 7.2% 2022 6.8% 2021 4.5% 2020 3.2% 2019 5.8% 2018 7.8% 2017 7.4% 2016 6.7% 2015 8.2% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 18.05 Yr. Manu Sharma 1 Nov 22 3.5 Yr. Data below for Kotak Savings Fund as on 30 Apr 26
Asset Allocation
Asset Class Value Cash 53.34% Debt 46.35% Other 0.31% Debt Sector Allocation
Sector Value Corporate 59.87% Government 20.43% Cash Equivalent 19.39% Credit Quality
Rating Value AA 14.32% AAA 85.68% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹576 Cr 57,500 Tamil Nadu (Government of) 0.0654%
- | -3% ₹446 Cr 45,000,000 Mankind Pharma Limited
Debentures | -2% ₹301 Cr 30,000 6.9% Maharashtra Sgs 2030
Sovereign Bonds | -2% ₹297 Cr 30,000,000 Indusind Bank Ltd.
Debentures | -2% ₹285 Cr 30,000 06/08/2026 Maturing 182 DTB
Sovereign Bonds | -2% ₹245 Cr 25,000,000 6.22% Govt Stock 2028
Sovereign Bonds | -2% ₹227 Cr 22,500,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -1% ₹206 Cr 210 Vedanta Limited
Debentures | -1% ₹200 Cr 20,000 National Bank For Agriculture And Rural Development
Debentures | -1% ₹200 Cr 20,000 7. SBI Magnum Ultra Short Duration Fund
SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (22 May 26) ₹6,278.63 ↓ -0.79 (-0.01 %) Net Assets (Cr) ₹12,553 on 30 Apr 26 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.54 Sharpe Ratio 1.67 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.51% Effective Maturity 10 Months 2 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 21 ₹10,000 30 Apr 22 ₹10,351 30 Apr 23 ₹10,923 30 Apr 24 ₹11,708 30 Apr 25 ₹12,593 30 Apr 26 ₹13,373 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 May 26 Duration Returns 1 Month 0% 3 Month 1.2% 6 Month 2.6% 1 Year 5.8% 3 Year 6.8% 5 Year 6% 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 0.96 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 30 Apr 26
Asset Allocation
Asset Class Value Cash 60.1% Debt 39.51% Other 0.39% Debt Sector Allocation
Sector Value Corporate 66.75% Cash Equivalent 18.78% Government 14.08% Credit Quality
Rating Value AA 18.97% AAA 81.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity TATA Communications Limited
Debentures | -4% ₹551 Cr 55,000 Small Industries Development Bank of India
Debentures | -4% ₹516 Cr 11,000 Canara Bank
Domestic Bonds | -4% ₹487 Cr 10,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -3% ₹376 Cr 8,000
↓ -2,000 Adani Power Limited
Debentures | -2% ₹299 Cr 30,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -2% ₹251 Cr 255 Muthoot Finance Limited
Debentures | -2% ₹225 Cr 22,500 Oberoi Realty Limited
Debentures | -2% ₹201 Cr 20,000 India (Republic of)
- | -2% ₹198 Cr 20,000,000
↑ 20,000,000 Eris Lifesciences Limited
Debentures | -1% ₹151 Cr 15,000 8. Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (22 May 26) ₹577.172 ↑ 0.07 (0.01 %) Net Assets (Cr) ₹19,985 on 30 Apr 26 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.55 Sharpe Ratio 1.75 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 7 Months 2 Days Modified Duration 5 Months 26 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 21 ₹10,000 30 Apr 22 ₹10,405 30 Apr 23 ₹10,999 30 Apr 24 ₹11,825 30 Apr 25 ₹12,766 30 Apr 26 ₹13,590 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 May 26 Duration Returns 1 Month 0.1% 3 Month 1.2% 6 Month 2.5% 1 Year 6% 3 Year 7.1% 5 Year 6.3% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.4% 2023 7.9% 2022 7.2% 2021 4.8% 2020 3.9% 2019 7% 2018 8.5% 2017 7.6% 2016 7.2% 2015 9.2% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 11.87 Yr. Kaustubh Gupta 15 Jul 11 14.81 Yr. Monika Gandhi 22 Mar 21 5.11 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 30 Apr 26
Asset Allocation
Asset Class Value Cash 24.58% Debt 75.09% Other 0.33% Debt Sector Allocation
Sector Value Corporate 70.67% Government 20.54% Cash Equivalent 8.45% Credit Quality
Rating Value AA 31.99% AAA 68.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -5% ₹980 Cr 100,000,000
↑ 100,000,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -4% ₹743 Cr 15,800 Shriram Finance Limited
Debentures | -3% ₹609 Cr 60,000 HDFC Bank Ltd.
Debentures | -3% ₹536 Cr 11,000
↑ 11,000 Bharti Telecom Limited
Debentures | -2% ₹396 Cr 40,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹388 Cr 39,000 Muthoot Finance Limited
Debentures | -2% ₹349 Cr 35,000 Vedanta Limited
Debentures | -2% ₹328 Cr 32,500
↑ 25,000 Mankind Pharma Limited
Debentures | -2% ₹321 Cr 32,000 Avanse Financial Services Limited
Debentures | -2% ₹300 Cr 30,000 9. Motilal Oswal Ultra Short Term Fund
Motilal Oswal Ultra Short Term Fund
Growth Launch Date 6 Sep 13 NAV (22 May 26) ₹17.1958 ↑ 0.00 (0.00 %) Net Assets (Cr) ₹428 on 30 Apr 26 Category Debt - Ultrashort Bond AMC Motilal Oswal Asset Management Co. Ltd Rating ☆ Risk Moderately Low Expense Ratio 0.93 Sharpe Ratio -1.49 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.92% Effective Maturity 3 Months 7 Days Modified Duration 3 Months Growth of 10,000 investment over the years.
Date Value 30 Apr 21 ₹10,000 30 Apr 22 ₹10,256 30 Apr 23 ₹10,717 30 Apr 24 ₹11,363 30 Apr 25 ₹12,041 30 Apr 26 ₹12,662 Returns for Motilal Oswal Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 May 26 Duration Returns 1 Month 0.2% 3 Month 1.2% 6 Month 2.3% 1 Year 4.9% 3 Year 5.6% 5 Year 4.8% 10 Year 15 Year Since launch 4.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 5.5% 2023 6% 2022 5.8% 2021 3.6% 2020 2.4% 2019 4.3% 2018 6.2% 2017 -8.1% 2016 5.5% 2015 6.4% Fund Manager information for Motilal Oswal Ultra Short Term Fund
Name Since Tenure Rakesh Shetty 22 Nov 22 3.44 Yr. Data below for Motilal Oswal Ultra Short Term Fund as on 30 Apr 26
Asset Allocation
Asset Class Value Cash 64.03% Debt 35.97% Debt Sector Allocation
Sector Value Government 41.63% Corporate 36.29% Cash Equivalent 22.08% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 30/07/2026 Maturing 364 DTB
Sovereign Bonds | -18% ₹74 Cr 7,500,000 10/09/2026 Maturing 364 DTB
Sovereign Bonds | -6% ₹24 Cr 2,500,000 India (Republic of)
- | -6% ₹24 Cr 2,500,000
↑ 2,500,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -6% ₹24 Cr 2,500,000
↑ 2,500,000 SBI Funds Management Private Ltd
Debentures | -0% ₹2 Cr 1,358
↑ 1,358 Small Industries Development Bank Of India
Certificate of Deposit | -6% ₹25 Cr 2,500,000 Tata Capital Limited
Commercial Paper | -6% ₹25 Cr 2,500,000 Export-Import Bank Of India
Certificate of Deposit | -6% ₹25 Cr 2,500,000 Indian Bank
Certificate of Deposit | -6% ₹25 Cr 2,500,000 Union Bank Of India
Certificate of Deposit | -6% ₹25 Cr 2,500,000 10. 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 30 Apr 21 ₹10,000 30 Apr 22 ₹10,402 30 Apr 23 ₹10,984 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 May 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
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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