Fincash » Mutual Funds » Ultra Short Term Funds Vs Fixed Deposits
Table of Contents
- What are Ultra Short Term Funds?
- What are Fixed Deposits?
- Ultra Short Term Funds or Fixed Deposit: Which One is Better?
- 10 Best Performing Ultra Short Term Funds
Top 10 Debt - Ultrashort Bond Funds
- Aditya Birla Sun Life Savings Fund
- Nippon India Ultra Short Duration Fund
- ICICI Prudential Ultra Short Term Fund
- UTI Ultra Short Term Fund
- Invesco India Ultra Short Term Fund
- Kotak Savings Fund
- IDBI Ultra Short Term Fund
- Principal Ultra Short Term Fund
- DSP BlackRock Money Manager Fund
- SBI Magnum Ultra Short Duration Fund
Ultra Short Term Funds V/s Fixed Deposits
Are you Confused where to invest money for short-term? Do you get confused while choosing between Ultra short term funds and Fixed Deposits? Don’t worry, your questions will be answered here. Ultra Short Term Funds is a Mutual Fund category that invests in fixed Income instruments having short maturity periods. Fixed Deposit or FD on the other hand, is an investment avenue in which people deposit a certain sum of money for a given timeframe and get it back on maturity along with interest. So, let us have a look at which one out of Ultra Short Term Funds and Fixed deposits is better to invest.
What are Ultra Short Term Funds?
Ultra Short Term Funds is a type of Debt fund. This scheme invests its corpus in Fixed Income instruments whose maturity tenure generally ranges between 91 days to 1 year. This scheme is considered a notch above Liquid Funds and people who are willing to take the marginally higher risk can choose to invest in Ultra Short Term Funds to earn more returns.
What are Fixed Deposits?
Fixed deposit or FD is a traditional source of investment where people need to keep a certain sum of money deposited for a particular tenure. This money invested earns interest. It can be chosen a good investment avenue for short-term as well as long-term tenure. The interest rate on FD is predetermined and its returns are taxable in the hands of investors.
Ultra Short Term Funds or Fixed Deposit: Which One is Better?
Since both the investment avenues have their own characteristics and features, let us check which investment avenue is the best based on various parameters.
Minimum Investment
The minimum investment in case of Fixed Deposits ranges between to₹1,000-₹10,000 depending on the Bank. However, in case of Ultra Short Term Funds, the minimum investment is ₹500 through SIP mode of investment and ₹1,000 through lumpsum mode of investment.
Interest Rate
With respect to the interest rate, FDs have a predetermined interest rate which does not change with the due course of time. However, in case of Ultra Short Term Funds, the returns are variable depending on the performance of the scheme. Currently, as per FY 2017-18, the FD rates Range between 6%-7% approximately if the investment is kept for one year. However, in case of Ultra Short Term Funds, the returns ranged approximately more than 7% if the investment is held for one year.
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Tenure
FDs can be used as an investment for both short and long-term tenures. This is because it is considered to be the traditional investment avenue. On the contrary, Ultra Short Term fund is generally, used for a short-term investment tenure. People who have excess funds in their Savings Account can choose to invest in this scheme to earn more. During the investment tenure, people cannot withdraw their funds from the fixed deposit. Even if they need to withdraw, they need to pay certain fixed charges to the bank. On the other hand, people Investing their money in Ultra Short Term Funds can withdraw their money easily as compared fixed deposits. In many of the schemes, investors need not pay any exit load during Redemption.
Risk-Appetite
FDs are considered to be risk-free investment avenue wherein; the deposits are considered to be safer. On the contrary, people choosing to invest in Ultra Short Term Funds are able to take a marginally higher level of risk to earn higher returns.
Liquidity
The liquidity in case of ultra short-term funds is higher as compared to fixed deposits. It is comparatively easier to withdraw money from these schemes as compared to a fixed deposit.
Taxation
The taxation rules for both ultra short-term funds and fixed deposits both are different. In case of interest earned on fixed deposit, the money is added to the investor’s income and is taxed as per the individual’s regular tax slab. However, the returns earned in case of the ultra short-term fund is taxable as per the debt funds. As per the rule, if the investment in the ultra short-term fund is held for more than three years then, long-term Capital gains is applicable while if the tenure is less than three years, then short-term capital gains is applicable. In case of long-term Capital Gain, it is taxed at 20% with indexation benefits and for short-term capital gains, it is added to income and taxed as per individual’s slab rate.
The table given below summarizes the comparison between Ultra Short Term Funds and fixed deposits.
| Parameters | Ultra Short Term Funds | Fixed Deposits |
|---|---|---|
| Returns | Varies as per the Scheme’s performance | Predetermined |
| Minimum Investment | Starts with ₹500 in SIP and ₹1,000 in Lumpsum | Ranges between ₹1,000-₹10,000 |
| Tenure | Generally used for short-term | Both Short and Long-term tenure |
| Risk | Marginally High | Low |
| Liquidity | High | Low |
| Taxation | Short-term: Taxed as per individual’s slab rates Long-term: Taxed at 20% and had taxation benefits | Taxed as per individual’s slab rates |
10 Best Performing Ultra Short Term Funds
The 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 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 (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 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 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 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 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 Below is the key information for IDBI 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 "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 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 1. Aditya Birla Sun Life Savings Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 6 in Ultrashort Bond category. Return for 2024 was 7.9% , 2023 was 7.2% and 2022 was 4.8% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (06 Jun 25) ₹547.154 ↑ 0.89 (0.16 %) Net Assets (Cr) ₹17,263 on 30 Apr 25 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.54 Sharpe Ratio 2.71 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.27% Effective Maturity 6 Months 14 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,553 31 May 22 ₹10,948 31 May 23 ₹11,646 31 May 24 ₹12,512 31 May 25 ₹13,520 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Jun 25 Duration Returns 1 Month 0.9% 3 Month 2.6% 6 Month 4.3% 1 Year 8.3% 3 Year 7.4% 5 Year 6.3% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.9% 2023 7.2% 2022 4.8% 2021 3.9% 2020 7% 2019 8.5% 2018 7.6% 2017 7.2% 2016 9.2% 2015 8.9% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 10.95 Yr. Kaustubh Gupta 15 Jul 11 13.89 Yr. Monika Gandhi 22 Mar 21 4.2 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 39.18% Debt 60.56% Other 0.26% Debt Sector Allocation
Sector Value Corporate 65.93% Cash Equivalent 22.75% Government 11.05% Credit Quality
Rating Value AA 34.49% AAA 65.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bank of Baroda
Debentures | -5% ₹827 Cr 17,000
↑ 17,000 Shriram Finance Company Limited
Debentures | -4% ₹611 Cr 60,000 Nirma Limited
Debentures | -3% ₹488 Cr 48,500 364 DTB
Sovereign Bonds | -3% ₹475 Cr 47,500,000 Small Industries Development Bank of India
Debentures | -2% ₹425 Cr 9,000 182 DTB 29082025
Sovereign Bonds | -2% ₹343 Cr 35,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹316 Cr 3,150
↑ 500 Mankind Pharma Ltd
Debentures | -2% ₹308 Cr 30,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹305 Cr 30,000 Avanse Financial Services Ltd 9.40%
Debentures | -2% ₹301 Cr 30,000 2. Nippon India Ultra Short Duration Fund
CAGR/Annualized return of 6.1% since its launch. Ranked 62 in Ultrashort Bond category. Return for 2024 was 7.2% , 2023 was 6.7% and 2022 was 4.6% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (06 Jun 25) ₹4,020.38 ↑ 5.61 (0.14 %) Net Assets (Cr) ₹8,767 on 30 Apr 25 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.14 Sharpe Ratio 1.43 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.11% Effective Maturity 7 Months 16 Days Modified Duration 5 Months 7 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,473 31 May 22 ₹11,244 31 May 23 ₹11,924 31 May 24 ₹12,747 31 May 25 ₹13,687 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Jun 25 Duration Returns 1 Month 0.8% 3 Month 2.3% 6 Month 3.9% 1 Year 7.6% 3 Year 6.9% 5 Year 6.5% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 2023 6.7% 2022 4.6% 2021 7.8% 2020 4.9% 2019 0.9% 2018 7.3% 2017 5.8% 2016 6.8% 2015 7.6% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 11.67 Yr. Kinjal Desai 25 May 18 7.02 Yr. Akshay Sharma 1 Dec 22 2.5 Yr. Data below for Nippon India Ultra Short Duration Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 53.8% Debt 45.95% Other 0.25% Debt Sector Allocation
Sector Value Corporate 57.31% Cash Equivalent 27.3% Government 15.15% Credit Quality
Rating Value AA 13.57% AAA 86.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹311 Cr 3,100 182 Days Tbill
Sovereign Bonds | -3% ₹246 Cr 25,000,000 182 DTB 12062025
Sovereign Bonds | -3% ₹244 Cr 24,500,000 Small Industries Development Bank Of India
Debentures | -2% ₹201 Cr 2,000 Piramal Finance Limited 9.3%
Debentures | -2% ₹200 Cr 20,000
↑ 20,000 182 Days Tbill
Sovereign Bonds | -2% ₹196 Cr 20,000,000 Indinfravit Trust
Debentures | -2% ₹187 Cr 19,500 Rec Limited
Debentures | -2% ₹184 Cr 1,850 Vedanta Limited
Debentures | -2% ₹165 Cr 16,500 HDFC Credila Financial Services Ltd
Debentures | -2% ₹156 Cr 15,500
↓ -1,000 3. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2024 was 7.5% , 2023 was 6.9% and 2022 was 4.5% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (06 Jun 25) ₹27.643 ↑ 0.04 (0.15 %) Net Assets (Cr) ₹15,092 on 30 Apr 25 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 1.83 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 7.05% Effective Maturity 8 Months 8 Days Modified Duration 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,557 31 May 22 ₹10,938 31 May 23 ₹11,616 31 May 24 ₹12,448 31 May 25 ₹13,394 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Jun 25 Duration Returns 1 Month 0.8% 3 Month 2.4% 6 Month 4.1% 1 Year 7.8% 3 Year 7.1% 5 Year 6.1% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.5% 2023 6.9% 2022 4.5% 2021 4% 2020 6.5% 2019 8.4% 2018 7.5% 2017 6.9% 2016 9.8% 2015 9.1% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 8.55 Yr. Ritesh Lunawat 15 Jun 17 7.97 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 45.16% Debt 54.6% Other 0.24% Debt Sector Allocation
Sector Value Corporate 58.73% Government 21.33% Cash Equivalent 19.69% Credit Quality
Rating Value AA 18.56% AAA 81.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.11% Govt Stock 2028
Sovereign Bonds | -7% ₹1,102 Cr 109,000,000 LIC Housing Finance Limited
Debentures | -4% ₹602 Cr 6,000 182 Days Tbill
Sovereign Bonds | -3% ₹491 Cr 50,000,000 Bharti Telecom Limited
Debentures | -2% ₹347 Cr 34,500
↑ 2,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹308 Cr 30,500 Small Industries Development Bank Of India
Debentures | -2% ₹300 Cr 3,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹276 Cr 2,750
↑ 250 Larsen And Toubro Limited
Debentures | -2% ₹251 Cr 25,000 LIC Housing Finance Limited
Debentures | -1% ₹226 Cr 2,250 HDFC Bank Ltd.
Debentures | -1% ₹213 Cr 4,500 4. UTI Ultra Short Term Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2024 was 7.2% , 2023 was 6.7% and 2022 was 4.2% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (06 Jun 25) ₹4,228.62 ↑ 5.11 (0.12 %) Net Assets (Cr) ₹4,131 on 30 Apr 25 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.96 Sharpe Ratio 1.32 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.95% Effective Maturity 5 Months 28 Days Modified Duration 5 Months 22 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,425 31 May 22 ₹11,040 31 May 23 ₹11,696 31 May 24 ₹12,505 31 May 25 ₹13,419 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Jun 25 Duration Returns 1 Month 0.7% 3 Month 2.2% 6 Month 3.8% 1 Year 7.5% 3 Year 6.8% 5 Year 6.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 2023 6.7% 2022 4.2% 2021 6.1% 2020 5.3% 2019 3.3% 2018 7% 2017 6.6% 2016 8.9% 2015 8.5% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Anurag Mittal 21 Jan 25 0.36 Yr. Data below for UTI Ultra Short Term Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 72.58% Debt 27.23% Other 0.2% Debt Sector Allocation
Sector Value Corporate 51.01% Cash Equivalent 41.85% Government 6.94% Credit Quality
Rating Value AA 15.68% AAA 84.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity Small Industries Development Bank Of India
Debentures | -4% ₹180 Cr 1,800 182 Days Tbill
Sovereign Bonds | -3% ₹147 Cr 1,500,000,000 Bajaj Housing Finance Limited
Debentures | -2% ₹101 Cr 1,000 182 Days Tbill
Sovereign Bonds | -2% ₹99 Cr 1,000,000,000 Shriram Finance Limited
Debentures | -2% ₹81 Cr 8,000 Small Industries Development Bank Of India
Debentures | -2% ₹75 Cr 750 LIC Housing Finance Ltd
Debentures | -2% ₹75 Cr 750 Indian Bank
Domestic Bonds | -2% ₹71 Cr 750,000,000 Small Industries Development Bank Of India
Debentures | -1% ₹50 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -1% ₹50 Cr 500 5. Invesco India Ultra Short Term Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 40 in Ultrashort Bond category. Return for 2024 was 7.5% , 2023 was 6.6% and 2022 was 4.1% . Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (06 Jun 25) ₹2,690.75 ↑ 3.24 (0.12 %) Net Assets (Cr) ₹1,130 on 15 Apr 25 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.74 Sharpe Ratio 1.69 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.88% Effective Maturity 5 Months 18 Days Modified Duration 5 Months 6 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,354 31 May 22 ₹10,654 31 May 23 ₹11,277 31 May 24 ₹12,077 31 May 25 ₹12,978 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Jun 25 Duration Returns 1 Month 0.7% 3 Month 2.3% 6 Month 4% 1 Year 7.6% 3 Year 6.9% 5 Year 5.4% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.5% 2023 6.6% 2022 4.1% 2021 3% 2020 5.1% 2019 7.6% 2018 7.3% 2017 7.1% 2016 9.1% 2015 8.3% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 5.41 Yr. Vikas Garg 27 Jul 21 3.85 Yr. Data below for Invesco India Ultra Short Term Fund as on 15 Apr 25
Asset Allocation
Asset Class Value Cash 55.43% Debt 44.25% Other 0.32% Debt Sector Allocation
Sector Value Corporate 59.76% Cash Equivalent 28.11% Government 11.81% Credit Quality
Rating Value AA 29.71% AAA 70.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity 08.24 Tn SDL 2025sep
Sovereign Bonds | -4% ₹50 Cr 5,000,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹50 Cr 5,000,000 Export Import Bank Of India
Debentures | -3% ₹40 Cr 4,000,000 Cholamandalam Investment And Finance Company Limited
Debentures | -3% ₹30 Cr 3,000,000 Tata Projects Ltd.
Debentures | -2% ₹25 Cr 2,500,000 Torrent Power Limited
Debentures | -2% ₹25 Cr 2,500,000 Godrej Industries Limited
Debentures | -2% ₹25 Cr 2,500,000 Bharti Telecom Limited
Debentures | -2% ₹25 Cr 2,500,000 Tata Realty And Infrastructure Limited
Debentures | -2% ₹25 Cr 2,500,000 Bharti Telecom Limited
Debentures | -2% ₹25 Cr 2,500,000 6. Kotak Savings Fund
CAGR/Annualized return of 7.2% since its launch. Ranked 44 in Ultrashort Bond category. Return for 2024 was 7.2% , 2023 was 6.8% and 2022 was 4.5% . Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (06 Jun 25) ₹42.7924 ↑ 0.06 (0.14 %) Net Assets (Cr) ₹14,924 on 30 Apr 25 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.8 Sharpe Ratio 1.3 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 5 Months 23 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,414 31 May 22 ₹10,755 31 May 23 ₹11,410 31 May 24 ₹12,204 31 May 25 ₹13,108 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Jun 25 Duration Returns 1 Month 0.8% 3 Month 2.4% 6 Month 3.9% 1 Year 7.6% 3 Year 6.9% 5 Year 5.6% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 2023 6.8% 2022 4.5% 2021 3.2% 2020 5.8% 2019 7.8% 2018 7.4% 2017 6.7% 2016 8.2% 2015 8.6% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 17.14 Yr. Manu Sharma 1 Nov 22 2.58 Yr. Data below for Kotak Savings Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 57.12% Debt 42.62% Other 0.26% Debt Sector Allocation
Sector Value Corporate 57.04% Government 22.14% Cash Equivalent 20.56% Credit Quality
Rating Value AA 8.83% AAA 91.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.2% Govt Stock 2025
Sovereign Bonds | -5% ₹806 Cr 80,000,000
↑ 80,000,000 Bajaj Housing Finance Limited
Debentures | -4% ₹600 Cr 5,950
↑ 3,800 National Bank For Agriculture And Rural Development
Debentures | -4% ₹563 Cr 56,000
↑ 10,000 Rural Electrification Corporation Limited
Debentures | -3% ₹478 Cr 47,500 Mankind Pharma Ltd
Debentures | -2% ₹303 Cr 30,000 182 Days Tbill
Sovereign Bonds | -2% ₹245 Cr 25,000,000
↑ 25,000,000 364 DTB 19mar2026
Sovereign Bonds | -2% ₹238 Cr 25,000,000 National Bank For Agriculture And Rural Development
Debentures | -1% ₹232 Cr 2,310
↑ 10 Bharti Telecom Limited
Debentures | -1% ₹226 Cr 2,250 08.49 Tn SDL 2026
Sovereign Bonds | -1% ₹204 Cr 20,080,000 7. IDBI Ultra Short Term Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 78 in Ultrashort Bond category. . IDBI Ultra Short Term Fund
Growth Launch Date 3 Sep 10 NAV (28 Jul 23) ₹2,424.68 ↑ 0.44 (0.02 %) Net Assets (Cr) ₹146 on 30 Jun 23 Category Debt - Ultrashort Bond AMC IDBI Asset Management Limited Rating ☆ Risk Moderately Low Expense Ratio 0.6 Sharpe Ratio -0.57 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.83% Effective Maturity 2 Months 23 Days Modified Duration 2 Months 10 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,451 31 May 22 ₹10,851 31 May 23 ₹11,514 Returns for IDBI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Jun 25 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 8. Principal Ultra Short Term Fund
CAGR/Annualized return of 5.8% since its launch. Ranked 43 in Ultrashort Bond category. Return for 2024 was 6.4% , 2023 was 6.1% and 2022 was 3.7% . Principal Ultra Short Term Fund
Growth Launch Date 28 Dec 07 NAV (06 Jun 25) ₹2,680.92 ↑ 3.41 (0.13 %) Net Assets (Cr) ₹2,225 on 30 Apr 25 Category Debt - Ultrashort Bond AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.41 Sharpe Ratio -0.98 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,000 Exit Load NIL Yield to Maturity 6.82% Effective Maturity 6 Months 15 Days Modified Duration 6 Months 11 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,300 31 May 22 ₹10,565 31 May 23 ₹11,129 31 May 24 ₹11,816 31 May 25 ₹12,596 Returns for Principal Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Jun 25 Duration Returns 1 Month 0.7% 3 Month 2.1% 6 Month 3.5% 1 Year 6.8% 3 Year 6.1% 5 Year 4.8% 10 Year 15 Year Since launch 5.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.4% 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% Fund Manager information for Principal Ultra Short Term Fund
Name Since Tenure Dwijendra Srivastava 16 May 22 3.04 Yr. Sandeep Agarwal 1 Jan 22 3.41 Yr. Data below for Principal Ultra Short Term Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 83.51% Debt 16.27% Other 0.22% Debt Sector Allocation
Sector Value Corporate 53.04% Cash Equivalent 34.8% Government 11.93% Credit Quality
Rating Value AA 7.13% AAA 92.87% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -4% ₹99 Cr 10,000,000
↑ 10,000,000 Rural Electrification Corporation Limited
Debentures | -3% ₹81 Cr 8,000
↑ 2,500 Bharti Telecom Limited
Debentures | -3% ₹70 Cr 7,000 182 DTB 27062025
Sovereign Bonds | -2% ₹50 Cr 5,000,000
↑ 5,000,000 Cholamandalam Investment & Finance Co Ltd.
Debentures | -1% ₹34 Cr 700
↑ 700 Shriram Finance Limited
Debentures | -1% ₹30 Cr 3,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -1% ₹28 Cr 600 National Bank For Agriculture And Rural Development
Debentures | -1% ₹25 Cr 2,500 Hdb Financial Services Limited
Debentures | -1% ₹25 Cr 250 National Bank For Agriculture And Rural Development
Debentures | -1% ₹25 Cr 250 9. DSP BlackRock Money Manager Fund
CAGR/Annualized return of 6.7% since its launch. Ranked 75 in Ultrashort Bond category. Return for 2024 was 6.9% , 2023 was 6.7% and 2022 was 4.1% . DSP BlackRock Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (06 Jun 25) ₹3,399.18 ↑ 4.05 (0.12 %) Net Assets (Cr) ₹4,197 on 30 Apr 25 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio 1.03 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.79% Effective Maturity 6 Months Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,328 31 May 22 ₹10,621 31 May 23 ₹11,231 31 May 24 ₹11,998 31 May 25 ₹12,877 Returns for DSP BlackRock Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Jun 25 Duration Returns 1 Month 0.7% 3 Month 2.3% 6 Month 3.9% 1 Year 7.5% 3 Year 6.7% 5 Year 5.2% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.9% 2023 6.7% 2022 4.1% 2021 2.9% 2020 4.7% 2019 7.3% 2018 5% 2017 6% 2016 7.5% 2015 7.9% Fund Manager information for DSP BlackRock Money Manager Fund
Name Since Tenure Karan Mundhra 31 May 21 4 Yr. Shalini Vasanta 1 Jan 25 0.41 Yr. Data below for DSP BlackRock Money Manager Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 69.26% Debt 30.43% Other 0.31% Debt Sector Allocation
Sector Value Corporate 49.5% Cash Equivalent 35.33% Government 14.86% Credit Quality
Rating Value AA 5.9% AAA 94.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -2% ₹102 Cr 1,000
↑ 750 364 DTB 06112025
Sovereign Bonds | -2% ₹97 Cr 10,000,000 Small Industries Development Bank Of India
Debentures | -2% ₹79 Cr 750 Bharti Telecom Limited
Debentures | -2% ₹78 Cr 7,500
↑ 2,500 182 DTB 31072025
Sovereign Bonds | -1% ₹64 Cr 6,500,000 Cholamandalam Investment And Finance Company Limited
Debentures | -1% ₹62 Cr 500 LIC Housing Finance Ltd
Debentures | -1% ₹55 Cr 500
↑ 500 LIC Housing Finance Ltd
Debentures | -1% ₹53 Cr 500 Tata Capital Housing Finance Limited
Debentures | -1% ₹52 Cr 500 Mahindra Rural Housing Finance Limited
Debentures | -1% ₹52 Cr 5,000 10. SBI Magnum Ultra Short Duration Fund
CAGR/Annualized return of 7.1% since its launch. Return for 2024 was 7.4% , 2023 was 7% and 2022 was 4.5% . SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (06 Jun 25) ₹5,961.78 ↑ 7.24 (0.12 %) Net Assets (Cr) ₹15,125 on 30 Apr 25 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.54 Sharpe Ratio 2.1 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.77% Effective Maturity 6 Months 22 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,421 31 May 22 ₹10,761 31 May 23 ₹11,428 31 May 24 ₹12,245 31 May 25 ₹13,177 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Jun 25 Duration Returns 1 Month 0.8% 3 Month 2.3% 6 Month 4% 1 Year 7.8% 3 Year 7.1% 5 Year 5.7% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.4% 2023 7% 2022 4.5% 2021 3.4% 2020 5.9% 2019 8% 2018 7.9% 2017 6.6% 2016 7.7% 2015 8.3% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Sudhir Agrawal 15 May 25 0.04 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 66.17% Debt 33.61% Other 0.22% Debt Sector Allocation
Sector Value Cash Equivalent 45.29% Corporate 37.62% Government 16.88% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 5.63% Govt Stock 2026
Sovereign Bonds | -4% ₹684 Cr 68,500,000
↑ 10,000,000 HDFC Bank Ltd.
Debentures | -3% ₹473 Cr 10,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹424 Cr 4,250 National Bank For Agriculture And Rural Development
Debentures | -3% ₹416 Cr 4,150 Hdb Financial Services Limited
Debentures | -2% ₹345 Cr 34,500 INDIA UNIVERSAL TRUST AL2
Unlisted bonds | -2% ₹302 Cr 400
↑ 400 Citicorp Finance (India) Limited
Debentures | -2% ₹251 Cr 25,000 Rec Limited
Debentures | -2% ₹244 Cr 2,450 National Bank For Agriculture And Rural Development
Debentures | -1% ₹232 Cr 23,000
↑ 23,000 Tata Capital Housing Finance Limited
Debentures | -1% ₹221 Cr 2,200
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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