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Ultra Short Term Funds Vs Liquid Funds
Whenever we think of short-term investment in Mutual Funds, we often come across the terms such as ultra short term funds and Liquid Funds. Though both of them are categories of debt funds, however, they do possess the different characteristics. Ultra Short Term fund is a Debt fund category whose portfolio consists of fixed income securities with a maturity period ranging between 91 days to one year. On the other hand, the liquid fund is a debt fund category whose portfolio consists of fixed income securities with a maturity period of less than or equal to 91 days.
So, let us understand the differences between both ultra short term funds and liquid funds with respect to various parameters.
What is an Ultra Short Term Fund?
Ultra short term fund is a category of debt fund that invests its corpus in fixed income securities. The fund’s portfolio maturity tenure extends between 91 days and normally less than 1 year. These schemes were earlier referred as Liquid Plus Funds. Ultra Short Term Funds is suitable for investors who are willing to take a marginally higher level of risk to earn higher returns. These schemes are a notch above liquid funds with respect to risk and returns.
What is a Liquid Fund?
Liquid fund refers to the Mutual Fund scheme that invests its accumulated fund money in fixed income securities having a maturity period of less than 91 days. Liquid funds are part of debt funds and are considered to be one of the safe investment avenues. People having idle funds lying in their bank account can choose to invest in the money in liquid funds and earn more returns. These schemes have higher liquidity as compared to ultra short term fund.
Difference Between Ultra Short Term Fund Vs Liquid Fund
The different parameters that differentiate ultra short term funds and liquid funds are as follows.
Maturity Tenure of Underlying Assets
The Maturity tenure of underlying assets in case of liquid funds is less as compared to ultra short term funds. These securities in most cases have a maturity profile of less than or equal to 91 days. However, in case of ultra short term funds, the maturity tenure of its underlying securities are more than 91 days and less than 1 year.
Liquidity
The liquidity of liquid funds is high as compared to ultra short term funds. In case liquid funds, some of the Mutual Fund companies do provide an instant redemption facility. By opting for this facility, one can ensure that they get their proceeds credited to the bank account within 30 minutes. However, this facility is not available in case of ultra short term funds. In ultra short term funds people get their money back on the next working day if they place their order before the cut-off time.
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Returns
The returns in case of ultra short term funds are slightly higher as compared to liquid funds. This higher return is due to the marginally higher risk which is present in ultra short term funds as compared to liquid funds.
Risk
The risk in case of liquid funds is very low as compared to ultra short term funds. This is because the underlying securities in liquid funds are mostly held till maturity instead of trading due to very low maturity tenure. However, in case of ultra short term funds, the risk is marginally higher as compared to liquid funds.
Exit Load
Most of the liquid funds do not have any exit loads attached to it due to which people get the entire redemption proceeds at the time of withdrawals. However, ultra short term funds may or may not have exit loads. Exit load in case of ultra short term fund is generally applicable if the redemption is done within a short period of time.
Taxation
Since both ultra short-term funds and liquid funds are a part of the debt funds; the taxation rules are same for both of them. If both the funds are sold within three years from the date of purchase, then Short Term Capital Gain (STCG) is applicable which is charged as per the individual’s tax slab. On the contrary, if the units are redeemed after three years then Long Term Capital Gain (LTCG) is applicable which is charged at 20% along with indexation benefits.
Cut-off Time
The cut-off time for placing an order with respect to purchase or redemption in case of the liquid fund is 2 PM, while in case of ultra short term funds the cut-off time is 3 PM.
The table given below sums up the differences between liquid funds and ultra short term funds.
| Parameters | Liquid Funds | Ultra Short Term Funds |
|---|---|---|
| Maturity Profile of Underlying Assets | The maturity profile of the assets is less than or equal to 91 days | The maturity profile of the assets is more than 91 days and less than one year |
| Liquidity | High liquidity | Low as compared to Liquid Funds |
| Returns | Lower as compared to ultra short term funds | Slightly higher than liquid funds |
| Risk | Very low | Marginally higher in comparison to liquid funds |
| Exit Load | Mostly does not have exit load | May or may not have exit loads |
| Taxation | Short-term: Taxed as per individual’s slab rates Long-term: Taxed at 20% and had taxation benefits | Same as Liquid Funds |
| Cut-off Time | 2 PM | 3 PM |
Best Funds to Invest in FY 20 - 21
After understanding the differences between liquid funds and ultra short term funds, let us have a look at some of the Best Liquid Funds and Best Ultra Short term funds which may suit your requirements.
Best Liquid Funds
Fund NAV Net Assets (Cr) 1 MO (%) 3 MO (%) 6 MO (%) 1 YR (%) 2018 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity PGIM India Insta Cash Fund Growth ₹254.466
↑ 0.04 ₹503 0.4 1.3 2.8 6.6 6.7 5.35% 1M 2D 1M 2D JM Liquid Fund Growth ₹53.4973
↑ 0.01 ₹1,841 0.4 1.3 2.7 6.4 6.6 5.14% 24D 24D Indiabulls Liquid Fund Growth ₹1,906.11
↑ 0.27 ₹611 0.4 1.3 2.8 6.4 6.6 5.42% 1M 20D 1M 20D Principal Cash Management Fund Growth ₹1,733.25
↑ 0.24 ₹213 0.4 1.2 2.7 6 6.2 5.03% 18D 19D Nippon India Liquid Fund Growth ₹4,772.81
↑ 0.66 ₹24,235 0.4 1.3 2.8 6.5 6.7 5.38% 1M 12D 1M 15D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 20
Best Ultra Short Term Funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2018 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹393.497
↑ 0.11 ₹15,847 1.6 3.8 8.3 7.6 8.5 6.31% 5M 16D 6M 7D Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth ₹27.0286
↑ 0.01 ₹16,894 -2.2 0 4.7 7.2 9.6 10.37% 5M 19D 7M 2D Indiabulls Ultra Short Term Fund Growth ₹1,915.65
↑ 0.39 ₹36 1.4 3.1 7.3 7.1 7.6 5.51% 5M 19D BOI AXA Ultra Short Duration Fund Growth ₹2,393.66
↑ 0.45 ₹293 1.4 3.3 7.3 7.6 7.5 5.73% 4M 24D 5M 9D UTI Ultra Short Term Fund Growth ₹3,084.54
↑ 0.53 ₹2,276 1.6 3.5 3.2 5.6 3.3 7.48% 3M 7D 4M 13D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 20
*Below is the detailed list of Liquid / Ultrashort funds having Net Assets more than 500 Crore and have been managing funds for atleast 3 Years. Sorted based on last yield to maturity.
To provide a combination of regular income and high liquidity by investing primarily in a mix of short term debt and money market instruments. Franklin India Ultra Short Bond Fund - Super Institutional Plan is a Debt - Ultrashort Bond fund was launched on 18 Dec 07. It is a fund with Moderate risk and has given a Below is the key information for Franklin India Ultra Short Bond Fund - Super Institutional Plan 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 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 1. Franklin India Ultra Short Bond Fund - Super Institutional Plan
CAGR/Annualized return of 8.6% since its launch. Return for 2019 was 9.6% , 2018 was 8.7% and 2017 was 8.2% . Franklin India Ultra Short Bond Fund - Super Institutional Plan
Growth Launch Date 18 Dec 07 NAV (24 Jan 20) ₹27.0286 ↑ 0.01 (0.05 %) Net Assets (Cr) ₹16,894 on 31 Dec 19 Category Debt - Ultrashort Bond AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 0.42 Sharpe Ratio 12.5 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 10.37% Effective Maturity 7 Months 2 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,974 31 Dec 16 ₹12,036 31 Dec 17 ₹13,025 31 Dec 18 ₹14,162 31 Dec 19 ₹15,515 Returns for Franklin India Ultra Short Bond Fund - Super Institutional Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month -3.6% 3 Month -2.2% 6 Month 0% 1 Year 4.7% 3 Year 7.2% 5 Year 8.2% 10 Year 15 Year Since launch 8.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 9.6% 2017 8.7% 2016 8.2% 2015 9.7% 2014 9.7% 2013 10% 2012 10% 2011 10.3% 2010 9.4% 2009 5.9% Fund Manager information for Franklin India Ultra Short Bond Fund - Super Institutional Plan
Name Since Tenure Santosh Kamath 25 Oct 18 1.1 Yr. Pallab Roy 1 Jun 08 11.5 Yr. Data below for Franklin India Ultra Short Bond Fund - Super Institutional Plan as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 10.07% Debt 82.83% Other 7.1% Debt Sector Allocation
Sector Value Corporate 84.76% Cash Equivalent 6.71% Government 1.44% Credit Quality
Rating Value A 27.93% AA 61.79% AAA 5.75% BBB 4.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity Call, Cash & Other Assets
Receivables | -7% ₹1,198 Cr Vedanta Limited
Debentures | -5% ₹795 Cr 7,900 Vodafone Mobile Services Limited
Debentures | -4% ₹711 Cr 7,990 Renew Power Ventures Private Limited
Debentures | -4% ₹674 Cr 6,740 Bharti Airtel Limited
Debentures | -3% ₹546 Cr 5,500 JM FINANCIAL CREDIT SOLUTIONS LIMITED
Debentures | -3% ₹541 Cr 5,400 Indostar Capital Finance Limited
Debentures | -3% ₹440 Cr 4,400 Bharti Airtel Limited
Debentures | -2% ₹399 Cr 4,000 INDOSTAR CAPITAL FINANCE LIMITED
Debentures | -2% ₹391 Cr 3,900
↑ 3,900 NIRCHEM Cement Limited
Debentures | -2% ₹378 Cr 3,750 2. Nippon India Ultra Short Duration Fund
CAGR/Annualized return of 6% since its launch. Ranked 62 in Ultrashort Bond category. Return for 2019 was 0.9% , 2018 was 7.3% and 2017 was 5.8% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (24 Jan 20) ₹2,888.36 ↑ 0.82 (0.03 %) Net Assets (Cr) ₹1,980 on 31 Dec 19 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.09 Sharpe Ratio -0.46 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 8.31% Effective Maturity 8 Months 21 Days Modified Duration 4 Months 14 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,764 31 Dec 16 ₹11,497 31 Dec 17 ₹12,165 31 Dec 18 ₹13,056 31 Dec 19 ₹13,170 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 0.7% 3 Month 2% 6 Month -0.7% 1 Year 0.8% 3 Year 4.7% 5 Year 5.7% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 2018 0.9% 2017 7.3% 2016 5.8% 2015 6.8% 2014 7.6% 2013 8.4% 2012 8.5% 2011 9.2% 2010 9% 2009 4.5% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Anju Chhajer 1 Oct 13 6.25 Yr. Vivek Sharma 1 Oct 13 6.25 Yr. Kinjal Desai 25 May 18 1.6 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 29.21% Debt 70.78% Other 0.01% Debt Sector Allocation
Sector Value Corporate 86.23% Cash Equivalent 13.76% Credit Quality
Rating Value A 11.34% AA 58.61% AAA 27.34% BBB 1.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity Indian Hospitals Corporation Limited
Debentures | -10% ₹205 Cr 1,828 Piramal Enterprises Limited
Debentures | -8% ₹170 Cr 1,730 Durg Shivnath Expressways Private Limited
Debentures | -7% ₹151 Cr 1,500 Triparty Repo
CBLO/Reverse Repo | -7% ₹135 Cr AXIS BANK LIMITED
Certificate of Deposit | -6% ₹125 Cr 12,500 U.P. Power Corporation Limited
Debentures | -6% ₹115 Cr 1,150
↑ 1,150 Panchshil Corporate Park Private Limited
Debentures | -5% ₹110 Cr 110 Northern Arc Capital Limited
Debentures | -5% ₹101 Cr 1,000 Vedanta Limited
Commercial Paper | -5% ₹99 Cr 2,000 INOX Wind Infrastructure Services Limited
Debentures | -5% ₹91 Cr 2,739 3. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 8.4% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2019 was 8.4% , 2018 was 7.5% and 2017 was 6.9% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (24 Jan 20) ₹20.15 ↑ 0.01 (0.06 %) Net Assets (Cr) ₹7,136 on 31 Dec 19 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.09 Sharpe Ratio 10.24 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 7.64% Effective Maturity 5 Months 19 Days Modified Duration 4 Months 28 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,912 31 Dec 16 ₹11,984 31 Dec 17 ₹12,815 31 Dec 18 ₹13,775 31 Dec 19 ₹14,936 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 0.6% 3 Month 1.9% 6 Month 4% 1 Year 8.4% 3 Year 7.5% 5 Year 8.3% 10 Year 15 Year Since launch 8.4% Historical performance (Yearly) on absolute basis
Year Returns 2018 8.4% 2017 7.5% 2016 6.9% 2015 9.8% 2014 9.1% 2013 14.8% 2012 3.1% 2011 9.4% 2010 2009 Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 3.04 Yr. Ritesh Lunawat 15 Jun 17 2.46 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 40.89% Debt 59.11% Debt Sector Allocation
Sector Value Corporate 70.8% Cash Equivalent 26.29% Government 2.91% Credit Quality
Rating Value A 5.79% AA 55.56% AAA 38.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹266 Cr 2,650 Treps
CBLO/Reverse Repo | -3% ₹209 Cr NIRCHEM Cement Limited
Debentures | -3% ₹208 Cr 2,060 MANAPPURAM FINANCE LIMITED
Debentures | -3% ₹201 Cr 2,000 JSW Energy Limited
Debentures | -3% ₹200 Cr 2,000
↑ 2,000 NABHA POWER LIMITED
Debentures | -2% ₹166 Cr 1,650 JSW Steel Limited
Debentures | -2% ₹160 Cr 1,595 Ashoka Buildcon Ltd.
Debentures | -2% ₹151 Cr 1,500 Tata Value Homes Limited
Debentures | -2% ₹150 Cr 1,500 Bahadur Chand Investments Private Limited
Debentures | -2% ₹150 Cr 1,500 4. UTI Ultra Short Term Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2019 was 3.3% , 2018 was 7% and 2017 was 6.6% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (24 Jan 20) ₹3,084.54 ↑ 0.53 (0.02 %) Net Assets (Cr) ₹2,276 on 31 Dec 19 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.99 Sharpe Ratio 0 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,500 Exit Load NIL Yield to Maturity 7.48% Effective Maturity 4 Months 13 Days Modified Duration 3 Months 7 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,851 31 Dec 16 ₹11,813 31 Dec 17 ₹12,598 31 Dec 18 ₹13,482 31 Dec 19 ₹13,923 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.5% 1 Year 3.2% 3 Year 5.6% 5 Year 6.8% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2018 3.3% 2017 7% 2016 6.6% 2015 8.9% 2014 8.5% 2013 8.8% 2012 9.8% 2011 9% 2010 8.2% 2009 5.4% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Sudhir Agarwal 1 Jul 15 4.42 Yr. Ritesh Nambiar 1 Jul 15 4.42 Yr. Data below for UTI Ultra Short Term Fund as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 81.54% Debt 18.46% Debt Sector Allocation
Sector Value Cash Equivalent 48.18% Corporate 41.69% Government 10.13% Credit Quality
Rating Value A 13.14% AA 17.89% AAA 68.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity Net Current Assets
Net Current Assets | -27% ₹647 Cr 00 Avanse Financial Services Limited
Debentures | -10% ₹232 Cr 2,350 Edelweiss Commodities Services Limited
Debentures | -8% ₹198 Cr 2,000 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Commercial Paper | -8% ₹193 Cr 2,000,000,000 Andhra Bank
Certificate of Deposit | -5% ₹123 Cr 1,250,000,000 AXIS BANK LIMITED
Certificate of Deposit | -4% ₹100 Cr 1,000,000,000 NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
Certificate of Deposit | -4% ₹99 Cr 1,000,000,000
↓ -250,000,000 IndusInd Bank Limited
Certificate of Deposit | -4% ₹99 Cr 1,000,000,000 SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
Certificate of Deposit | -3% ₹75 Cr 750,000,000 National Bank For Agriculture And Rural Development
Commercial Paper | -3% ₹74 Cr 750,000,000 5. Aditya Birla Sun Life Savings Fund
CAGR/Annualized return of 7.8% since its launch. Ranked 6 in Ultrashort Bond category. Return for 2019 was 8.5% , 2018 was 7.6% and 2017 was 7.2% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (24 Jan 20) ₹393.497 ↑ 0.11 (0.03 %) Net Assets (Cr) ₹15,847 on 31 Dec 19 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.35 Sharpe Ratio 9.33 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.31% Effective Maturity 6 Months 7 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,889 31 Dec 16 ₹11,895 31 Dec 17 ₹12,751 31 Dec 18 ₹13,724 31 Dec 19 ₹14,885 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.8% 1 Year 8.3% 3 Year 7.6% 5 Year 8.3% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 8.5% 2017 7.6% 2016 7.2% 2015 9.2% 2014 8.9% 2013 9.7% 2012 9.5% 2011 9.7% 2010 9.2% 2009 5.8% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 11 Oct 14 4.98 Yr. Kaustubh Gupta 15 Jul 11 8.22 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 53.03% Debt 46.97% Debt Sector Allocation
Sector Value Corporate 54.16% Cash Equivalent 25.93% Government 19.16% Securitized 0.76% Credit Quality
Rating Value AA 11.55% AAA 88.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity IndusInd Bank Limited
Certificate of Deposit | -4% ₹639 Cr 65,000
↑ 65,000 8.39% RJ SDL Spl 2020
Domestic Bonds | -3% ₹553 Cr 54,845,000
↑ 48,345,000 Steel Authority Of India Limited
Commercial Paper | -3% ₹495 Cr 10,000
↑ 10,000 Power Finance Corporation Ltd.
Debentures | -3% ₹469 Cr 4,650 IndusInd Bank Limited
Certificate of Deposit | -3% ₹439 Cr 45,000
↑ 45,000 Net Receivables / (Payables)
Net Current Assets | -3% ₹435 Cr Rural Electrification Corporation Limited
Debentures | -3% ₹429 Cr 4,263 Bharti Telecom Limited
Debentures | -3% ₹404 Cr 3,500 Reliance Jio Infocomm Limited
Commercial Paper | -2% ₹397 Cr 8,000
↑ 8,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹387 Cr 3,850
↓ -1,500
Conclusion
To conclude, it can be said that both ultra short term funds and liquid funds have their own set of characteristics. However, people while choosing any scheme should check and ensure whether the scheme is in-line with their determined objective. They should also check the modalities of the scheme completely. Moreover, they may even consult a financial advisor if required to ensure that their investment helps them to attain their desired objectives.
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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Great alternative for FD - Fixed Deposit Investment. Nice article explains each fund very well.