Fincash » Mutual Funds » Ultra Short Term Funds Vs Liquid Funds
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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.
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.
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.
The different parameters that differentiate ultra short term funds and liquid funds are as follows.
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.
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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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.
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.
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.
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.
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 |
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.
Fund NAV Net Assets (Cr) 1 MO (%) 3 MO (%) 6 MO (%) 1 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity BOI AXA Liquid Fund Growth ₹2,689.82
↑ 0.54 ₹1,499 0.6 1.7 3.5 7 4.9 7.07% 1M 13D 1M 13D Axis Liquid Fund Growth ₹2,601.84
↑ 0.53 ₹26,890 0.6 1.7 3.4 7 4.9 7.14% 2M 4D 2M 4D Aditya Birla Sun Life Liquid Fund Growth ₹376.747
↑ 0.08 ₹38,715 0.6 1.7 3.4 7 4.8 7.32% 1M 13D 1M 13D Canara Robeco Liquid Growth ₹2,813.46
↑ 0.56 ₹3,813 0.6 1.7 3.4 7 4.9 7.09% 29D 1M 1D UTI Liquid Cash Plan Growth ₹3,836.12
↑ 0.74 ₹22,049 0.6 1.7 3.4 7 4.8 7.1% 1M 28D 1M 28D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 23
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹486.646
↑ 0.11 ₹13,711 1.6 3.4 7.2 5.2 4.8 7.75% 5M 19D 6M 7D SBI Magnum Ultra Short Duration Fund Growth ₹5,334.83
↑ 0.99 ₹13,270 1.6 3.3 7 4.8 4.5 7.38% 5M 1D 5M 12D ICICI Prudential Ultra Short Term Fund Growth ₹24.7132
↑ 0.00 ₹12,413 1.6 3.3 6.9 5.1 4.5 7.69% 5M 16D 6M 11D Kotak Savings Fund Growth ₹38.3795
↑ 0.01 ₹13,277 1.5 3.2 6.8 4.7 4.5 7.55% 4M 20D 6M 29D UTI Ultra Short Term Fund Growth ₹3,798.49
↑ 0.70 ₹2,227 1.6 3.2 6.7 5.6 4.2 7.7% 5M 20D 5M 28D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 23
*Above is the detailed list of Liquid / Ultrashort funds having Net Assets more than 1000 Crore
and have been managing funds for atleast 3 Years. Sorted based on 1 Year returns.
*Below is the detailed list of Liquid / Ultrashort funds having Net Assets more than 1000 Crore
and have been managing funds for atleast 3 Years. Sorted based on last yield to maturity.
The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. Aditya Birla Sun Life Savings Fund is a Debt - Ultrashort Bond fund was launched on 16 Apr 03. It is a fund with Moderately Low risk and has given a Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (Erstwhile UTI - Floating Rate Fund - Short Term Plan) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Regular Income Fund) The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Reliance Liquid Fund - Cash Plan) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Nippon India Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 7 Dec 01. It is a fund with Low risk and has given a Below is the key information for Nippon India Ultra Short Duration Fund Returns up to 1 year are on "The primary 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 1. Aditya Birla Sun Life Savings Fund
CAGR/Annualized
return of 7.4% since its launch. Ranked 6 in Ultrashort Bond
category. Return for 2022 was 4.8% , 2021 was 3.9% and 2020 was 7% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (05 Dec 23) ₹486.646 ↑ 0.11 (0.02 %) Net Assets (Cr) ₹13,711 on 31 Oct 23 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.52 Sharpe Ratio 1.68 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.75% Effective Maturity 6 Months 7 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,885 30 Nov 20 ₹11,667 30 Nov 21 ₹12,124 30 Nov 22 ₹12,669 30 Nov 23 ₹13,575 Returns for Aditya Birla Sun Life Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 5 Dec 23 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.4% 1 Year 7.2% 3 Year 5.2% 5 Year 6.3% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.8% 2021 3.9% 2020 7% 2019 8.5% 2018 7.6% 2017 7.2% 2016 9.2% 2015 8.9% 2014 9.7% 2013 9.5% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 9.37 Yr. Kaustubh Gupta 15 Jul 11 12.31 Yr. Monika Gandhi 22 Mar 21 2.61 Yr. Dhaval Joshi 21 Nov 22 0.94 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Oct 23
Asset Allocation
Asset Class Value Cash 55.81% Debt 43.91% Other 0.27% Debt Sector Allocation
Sector Value Corporate 58.65% Cash Equivalent 23.36% Government 17.62% Securitized 0.1% Credit Quality
Rating Value AA 25.89% AAA 74.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Limited
Debentures | -4% ₹598 Cr 6,000 182 DTB 21122023
Sovereign Bonds | -3% ₹471 Cr 47,500,000 Tata Realty And Infrastructure Limited
Debentures | -3% ₹359 Cr 36,000 Hindalco Industries Limited
Debentures | -3% ₹350 Cr 35,000 Bharti Telecom Limited
Debentures | -2% ₹325 Cr 3,250 Bharti Hexacom Limited
Debentures | -2% ₹314 Cr 3,150 7.32% Govt Stock 2024
Sovereign Bonds | -2% ₹295 Cr 29,500,000
↑ 24,500,000 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -2% ₹250 Cr 2,500 HDFC Bank Limited
Debentures | -2% ₹244 Cr 2,450 7.38% Govt Stock 2027
Sovereign Bonds | -1% ₹175 Cr 17,500,000 2. UTI Ultra Short Term Fund
CAGR/Annualized
return of 6.8% since its launch. Ranked 27 in Ultrashort Bond
category. Return for 2022 was 4.2% , 2021 was 6.1% and 2020 was 5.3% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (05 Dec 23) ₹3,798.49 ↑ 0.70 (0.02 %) Net Assets (Cr) ₹2,227 on 31 Oct 23 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio -0.45 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.7% Effective Maturity 5 Months 28 Days Modified Duration 5 Months 20 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,355 30 Nov 20 ₹10,915 30 Nov 21 ₹11,591 30 Nov 22 ₹12,046 30 Nov 23 ₹12,858 Returns for UTI Ultra Short Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 5 Dec 23 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.2% 1 Year 6.7% 3 Year 5.6% 5 Year 5.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.2% 2021 6.1% 2020 5.3% 2019 3.3% 2018 7% 2017 6.6% 2016 8.9% 2015 8.5% 2014 8.8% 2013 9.8% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Ritesh Nambiar 1 Jul 15 8.34 Yr. Data below for UTI Ultra Short Term Fund as on 31 Oct 23
Asset Allocation
Asset Class Value Cash 67.47% Debt 32.53% Debt Sector Allocation
Sector Value Corporate 48.89% Cash Equivalent 36.22% Government 14.89% Credit Quality
Rating Value AA 19% AAA 81% Top Securities Holdings / Portfolio
Name Holding Value Quantity Embassy Office Parks Reit
Debentures | -3% ₹75 Cr 750 LIC Housing Finance Limited
Debentures | -2% ₹50 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹50 Cr 500 Torrent Power Limited
Debentures | -2% ₹50 Cr 500 G R Infraprojects Limited
Debentures | -2% ₹50 Cr 500 182 DTB 29032024
Sovereign Bonds | -2% ₹48 Cr 500,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹40 Cr 400 TATA Motors Finance Solutions Limited
Debentures | -2% ₹39 Cr 390 Jamnagar Utilities & Power Private Limited
Debentures | -1% ₹25 Cr 250 India Grid TRust
Debentures | -1% ₹25 Cr 250
↑ 250 3. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized
return of 7.4% since its launch. Ranked 27 in Ultrashort Bond
category. Return for 2022 was 4.5% , 2021 was 4% and 2020 was 6.5% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (05 Dec 23) ₹24.7132 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹12,413 on 31 Oct 23 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 0.51 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 7.69% Effective Maturity 6 Months 11 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,872 30 Nov 20 ₹11,608 30 Nov 21 ₹12,073 30 Nov 22 ₹12,593 30 Nov 23 ₹13,465 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 5 Dec 23 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.3% 1 Year 6.9% 3 Year 5.1% 5 Year 6.1% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.5% 2021 4% 2020 6.5% 2019 8.4% 2018 7.5% 2017 6.9% 2016 9.8% 2015 9.1% 2014 14.8% 2013 3.1% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 6.96 Yr. Ritesh Lunawat 15 Jun 17 6.38 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Oct 23
Asset Allocation
Asset Class Value Cash 58.78% Debt 40.97% Other 0.25% Debt Sector Allocation
Sector Value Corporate 51.49% Cash Equivalent 25.61% Government 22.66% Credit Quality
Rating Value AA 15.64% AAA 84.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity Embassy Office Parks Reit
Debentures | -4% ₹494 Cr 4,950
↑ 500 India (Republic of)
- | -3% ₹389 Cr 40,000,000 LIC Housing Finance Limited
Debentures | -2% ₹296 Cr 2,950 National Bank For Agriculture And Rural Development
Debentures | -2% ₹275 Cr 2,750 National Bank For Agriculture And Rural Development
Debentures | -2% ₹259 Cr 2,600 08.35 SBI RT SB 2024
Domestic Bonds | -2% ₹251 Cr 25,000,000 Mahindra Rural Housing Finance Limited
Debentures | -2% ₹201 Cr 2,000 Apollo Building Products Private Limited
Debentures | -2% ₹199 Cr 20,000 Bajaj Housing Finance Limited
Debentures | -2% ₹199 Cr 2,000 182 DTB 04012024
Sovereign Bonds | -2% ₹198 Cr 20,000,000 4. Nippon India Ultra Short Duration Fund
CAGR/Annualized
return of 6% since its launch. Ranked 62 in Ultrashort Bond
category. Return for 2022 was 4.6% , 2021 was 7.8% and 2020 was 4.9% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (05 Dec 23) ₹3,607.22 ↑ 0.79 (0.02 %) Net Assets (Cr) ₹5,971 on 31 Oct 23 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.17 Sharpe Ratio -0.5 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.65% Effective Maturity 5 Months 21 Days Modified Duration 5 Months 7 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,104 30 Nov 20 ₹10,620 30 Nov 21 ₹11,449 30 Nov 22 ₹11,955 30 Nov 23 ₹12,753 Returns for Nippon India Ultra Short Duration Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 5 Dec 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.2% 1 Year 6.7% 3 Year 6.3% 5 Year 5% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.6% 2021 7.8% 2020 4.9% 2019 0.9% 2018 7.3% 2017 5.8% 2016 6.8% 2015 7.6% 2014 8.4% 2013 8.5% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 10.09 Yr. Kinjal Desai 25 May 18 5.44 Yr. Akshay Sharma 1 Dec 22 0.92 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Oct 23
Asset Allocation
Asset Class Value Cash 57.95% Debt 41.85% Other 0.2% Debt Sector Allocation
Sector Value Corporate 41.65% Government 29.32% Cash Equivalent 28.82% Credit Quality
Rating Value AA 18.41% AAA 81.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank Of India
Debentures | -4% ₹250 Cr 2,500
↑ 2,500 182 DTB 14032024
Sovereign Bonds | -3% ₹195 Cr 20,000,000 Axis Bank Ltd.
Debentures | -3% ₹187 Cr 4,000
↑ 4,000 Tata Realty And Infrastructure Limited
Debentures | -3% ₹175 Cr 1,750 Shriram Transport Finance Company Limited
Debentures | -2% ₹125 Cr 12,500
↑ 4,500 National Housing Bank
Debentures | -2% ₹125 Cr 12,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹114 Cr 1,150
↑ 750 08.39 RJ UDAY 2024
Domestic Bonds | -2% ₹100 Cr 10,000,000 LIC Housing Finance Limited
Debentures | -2% ₹99 Cr 1,000
↑ 1,000 Embassy Office Parks Reit
Debentures | -2% ₹99 Cr 1,000 5. DSP BlackRock Money Manager Fund
CAGR/Annualized
return of 6.7% since its launch. Ranked 75 in Ultrashort Bond
category. Return for 2022 was 4.1% , 2021 was 2.9% and 2020 was 4.7% . DSP BlackRock Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (05 Dec 23) ₹3,056.45 ↑ 0.46 (0.01 %) Net Assets (Cr) ₹2,609 on 31 Oct 23 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio -0.6 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.62% Effective Maturity 5 Months 16 Days Modified Duration 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,649 30 Nov 20 ₹11,166 30 Nov 21 ₹11,485 30 Nov 22 ₹11,921 30 Nov 23 ₹12,719 Returns for DSP BlackRock Money Manager Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 5 Dec 23 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 3.3% 1 Year 6.7% 3 Year 4.5% 5 Year 4.9% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.1% 2021 2.9% 2020 4.7% 2019 7.3% 2018 5% 2017 6% 2016 7.5% 2015 7.9% 2014 8.8% 2013 9.2% Fund Manager information for DSP BlackRock Money Manager Fund
Name Since Tenure Kedar Karnik 17 Jul 16 7.3 Yr. Karan Mundhra 31 May 21 2.42 Yr. Data below for DSP BlackRock Money Manager Fund as on 31 Oct 23
Asset Allocation
Asset Class Value Cash 72.54% Debt 27.23% Other 0.23% Debt Sector Allocation
Sector Value Corporate 44.07% Cash Equivalent 39.69% Government 16.01% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -6% ₹152 Cr 1,500 ICICI Bank Ltd.
Debentures | -4% ₹117 Cr 2,500
↑ 2,500 182 DTB 25012024
Sovereign Bonds | -4% ₹98 Cr 10,000,000 7.35% Govt Stock 2024
Sovereign Bonds | -3% ₹80 Cr 7,800,000
↑ 5,000,000 364 DTB 26012024
Sovereign Bonds | -3% ₹74 Cr 7,500,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹52 Cr 500
↑ 500 Rec Limited
Debentures | -2% ₹52 Cr 500 LIC Housing Finance Limited
Debentures | -2% ₹50 Cr 500 LIC Housing Finance Limited
Debentures | -2% ₹50 Cr 500
↓ -250 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹47 Cr 1,000
↑ 1,000
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.
Great alternative for FD - Fixed Deposit Investment. Nice article explains each fund very well.