fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Mutual Funds » Ultra Short Term Funds Vs Liquid Funds

Ultra Short Term Funds Vs Liquid Funds

Updated on December 3, 2023 , 27998 views

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.

ultra-short-vs-liquid-funds

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.

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

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 23 - 24

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

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
BOI AXA Liquid Fund Growth ₹2,689.82
↑ 0.54
₹1,4990.61.73.574.97.07%1M 13D1M 13D
Axis Liquid Fund Growth ₹2,601.84
↑ 0.53
₹26,8900.61.73.474.97.14%2M 4D2M 4D
Aditya Birla Sun Life Liquid Fund Growth ₹376.747
↑ 0.08
₹38,7150.61.73.474.87.32%1M 13D1M 13D
Canara Robeco Liquid Growth ₹2,813.46
↑ 0.56
₹3,8130.61.73.474.97.09%29D1M 1D
UTI Liquid Cash Plan Growth ₹3,836.12
↑ 0.74
₹22,0490.61.73.474.87.1%1M 28D1M 28D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Dec 23

Best Ultra Short Term Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Savings Fund Growth ₹486.646
↑ 0.11
₹13,7111.63.47.25.24.87.75%5M 19D6M 7D
SBI Magnum Ultra Short Duration Fund Growth ₹5,334.83
↑ 0.99
₹13,2701.63.374.84.57.38%5M 1D5M 12D
ICICI Prudential Ultra Short Term Fund Growth ₹24.7132
↑ 0.00
₹12,4131.63.36.95.14.57.69%5M 16D6M 11D
Kotak Savings Fund Growth ₹38.3795
↑ 0.01
₹13,2771.53.26.84.74.57.55%4M 20D6M 29D
UTI Ultra Short Term Fund Growth ₹3,798.49
↑ 0.70
₹2,2271.63.26.75.64.27.7%5M 20D5M 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.

1. Aditya Birla Sun Life Savings Fund

The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.

Aditya Birla Sun Life Savings Fund is a Debt - Ultrashort Bond fund was launched on 16 Apr 03. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.4% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2022 was 4.8% , 2021 was 3.9% and 2020 was 7% .

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

Aditya Birla Sun Life Savings Fund
Growth
Launch Date 16 Apr 03
NAV (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.

DateValue
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

Aditya Birla Sun Life Savings Fund SIP Returns

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

Returns for Aditya Birla Sun Life Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Dec 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Sunaina Cunha20 Jun 149.37 Yr.
Kaustubh Gupta15 Jul 1112.31 Yr.
Monika Gandhi22 Mar 212.61 Yr.
Dhaval Joshi21 Nov 220.94 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 31 Oct 23

Asset Allocation
Asset ClassValue
Cash55.81%
Debt43.91%
Other0.27%
Debt Sector Allocation
SectorValue
Corporate58.65%
Cash Equivalent23.36%
Government17.62%
Securitized0.1%
Credit Quality
RatingValue
AA25.89%
AAA74.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Limited
Debentures | -
4%₹598 Cr6,000
182 DTB 21122023
Sovereign Bonds | -
3%₹471 Cr47,500,000
Tata Realty And Infrastructure Limited
Debentures | -
3%₹359 Cr36,000
Hindalco Industries Limited
Debentures | -
3%₹350 Cr35,000
Bharti Telecom Limited
Debentures | -
2%₹325 Cr3,250
Bharti Hexacom Limited
Debentures | -
2%₹314 Cr3,150
7.32% Govt Stock 2024
Sovereign Bonds | -
2%₹295 Cr29,500,000
↑ 24,500,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
2%₹250 Cr2,500
HDFC Bank Limited
Debentures | -
2%₹244 Cr2,450
7.38% Govt Stock 2027
Sovereign Bonds | -
1%₹175 Cr17,500,000

2. UTI Ultra Short Term Fund

(Erstwhile UTI - Floating Rate Fund - Short Term Plan)

To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.8% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2022 was 4.2% , 2021 was 6.1% and 2020 was 5.3% .

Below is the key information for UTI Ultra Short Term Fund

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.

DateValue
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

UTI Ultra Short Term Fund SIP Returns

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

Returns for UTI Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Dec 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Ritesh Nambiar1 Jul 158.34 Yr.

Data below for UTI Ultra Short Term Fund as on 31 Oct 23

Asset Allocation
Asset ClassValue
Cash67.47%
Debt32.53%
Debt Sector Allocation
SectorValue
Corporate48.89%
Cash Equivalent36.22%
Government14.89%
Credit Quality
RatingValue
AA19%
AAA81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Embassy Office Parks Reit
Debentures | -
3%₹75 Cr750
LIC Housing Finance Limited
Debentures | -
2%₹50 Cr500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹50 Cr500
Torrent Power Limited
Debentures | -
2%₹50 Cr500
G R Infraprojects Limited
Debentures | -
2%₹50 Cr500
182 DTB 29032024
Sovereign Bonds | -
2%₹48 Cr500,000,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹40 Cr400
TATA Motors Finance Solutions Limited
Debentures | -
2%₹39 Cr390
Jamnagar Utilities & Power Private Limited
Debentures | -
1%₹25 Cr250
India Grid TRust
Debentures | -
1%₹25 Cr250
↑ 250

3. ICICI Prudential Ultra Short Term Fund

(Erstwhile ICICI Prudential Regular Income Fund)

The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme.

ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.4% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2022 was 4.5% , 2021 was 4% and 2020 was 6.5% .

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

ICICI Prudential Ultra Short Term Fund
Growth
Launch Date 3 May 11
NAV (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.

DateValue
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

ICICI Prudential Ultra Short Term Fund SIP Returns

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

Returns for ICICI Prudential Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Dec 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Manish Banthia15 Nov 166.96 Yr.
Ritesh Lunawat15 Jun 176.38 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 31 Oct 23

Asset Allocation
Asset ClassValue
Cash58.78%
Debt40.97%
Other0.25%
Debt Sector Allocation
SectorValue
Corporate51.49%
Cash Equivalent25.61%
Government22.66%
Credit Quality
RatingValue
AA15.64%
AAA84.36%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Embassy Office Parks Reit
Debentures | -
4%₹494 Cr4,950
↑ 500
India (Republic of)
- | -
3%₹389 Cr40,000,000
LIC Housing Finance Limited
Debentures | -
2%₹296 Cr2,950
National Bank For Agriculture And Rural Development
Debentures | -
2%₹275 Cr2,750
National Bank For Agriculture And Rural Development
Debentures | -
2%₹259 Cr2,600
08.35 SBI RT SB 2024
Domestic Bonds | -
2%₹251 Cr25,000,000
Mahindra Rural Housing Finance Limited
Debentures | -
2%₹201 Cr2,000
Apollo Building Products Private Limited
Debentures | -
2%₹199 Cr20,000
Bajaj Housing Finance Limited
Debentures | -
2%₹199 Cr2,000
182 DTB 04012024
Sovereign Bonds | -
2%₹198 Cr20,000,000

4. Nippon India Ultra Short Duration Fund

(Erstwhile Reliance Liquid Fund - Cash Plan)

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

Nippon India Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 7 Dec 01. It is a fund with Low risk and has given a CAGR/Annualized return of 6% since its launch.  Ranked 62 in Ultrashort Bond category.  Return for 2022 was 4.6% , 2021 was 7.8% and 2020 was 4.9% .

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

Nippon India Ultra Short Duration Fund
Growth
Launch Date 7 Dec 01
NAV (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.

DateValue
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

Nippon India Ultra Short Duration Fund SIP Returns

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

Returns for Nippon India Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Dec 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Vivek Sharma1 Oct 1310.09 Yr.
Kinjal Desai25 May 185.44 Yr.
Akshay Sharma1 Dec 220.92 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 31 Oct 23

Asset Allocation
Asset ClassValue
Cash57.95%
Debt41.85%
Other0.2%
Debt Sector Allocation
SectorValue
Corporate41.65%
Government29.32%
Cash Equivalent28.82%
Credit Quality
RatingValue
AA18.41%
AAA81.59%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank Of India
Debentures | -
4%₹250 Cr2,500
↑ 2,500
182 DTB 14032024
Sovereign Bonds | -
3%₹195 Cr20,000,000
Axis Bank Ltd.
Debentures | -
3%₹187 Cr4,000
↑ 4,000
Tata Realty And Infrastructure Limited
Debentures | -
3%₹175 Cr1,750
Shriram Transport Finance Company Limited
Debentures | -
2%₹125 Cr12,500
↑ 4,500
National Housing Bank
Debentures | -
2%₹125 Cr12,500
National Bank For Agriculture And Rural Development
Debentures | -
2%₹114 Cr1,150
↑ 750
08.39 RJ UDAY 2024
Domestic Bonds | -
2%₹100 Cr10,000,000
LIC Housing Finance Limited
Debentures | -
2%₹99 Cr1,000
↑ 1,000
Embassy Office Parks Reit
Debentures | -
2%₹99 Cr1,000

5. DSP BlackRock Money Manager Fund

"The primary investment objective of the Scheme is to seek to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities. However, there can be no assurance that the investment objective of the Scheme will be realized."

DSP BlackRock Money Manager Fund is a Debt - Ultrashort Bond fund was launched on 31 Jul 06. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.7% since its launch.  Ranked 75 in Ultrashort Bond category.  Return for 2022 was 4.1% , 2021 was 2.9% and 2020 was 4.7% .

Below is the key information for DSP BlackRock Money Manager Fund

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.

DateValue
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

DSP BlackRock Money Manager Fund SIP Returns

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

Returns for DSP BlackRock Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Dec 23

DurationReturns
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
YearReturns
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
NameSinceTenure
Kedar Karnik17 Jul 167.3 Yr.
Karan Mundhra31 May 212.42 Yr.

Data below for DSP BlackRock Money Manager Fund as on 31 Oct 23

Asset Allocation
Asset ClassValue
Cash72.54%
Debt27.23%
Other0.23%
Debt Sector Allocation
SectorValue
Corporate44.07%
Cash Equivalent39.69%
Government16.01%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
6%₹152 Cr1,500
ICICI Bank Ltd.
Debentures | -
4%₹117 Cr2,500
↑ 2,500
182 DTB 25012024
Sovereign Bonds | -
4%₹98 Cr10,000,000
7.35% Govt Stock 2024
Sovereign Bonds | -
3%₹80 Cr7,800,000
↑ 5,000,000
364 DTB 26012024
Sovereign Bonds | -
3%₹74 Cr7,500,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹52 Cr500
↑ 500
Rec Limited
Debentures | -
2%₹52 Cr500
LIC Housing Finance Limited
Debentures | -
2%₹50 Cr500
LIC Housing Finance Limited
Debentures | -
2%₹50 Cr500
↓ -250
Kotak Mahindra Bank Ltd.
Debentures | -
2%₹47 Cr1,000
↑ 1,000

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.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
How helpful was this page ?
Rated 4.4, based on 31 reviews.
POST A COMMENT

Harsh, posted on 3 Dec 18 1:27 AM

Great alternative for FD - Fixed Deposit Investment. Nice article explains each fund very well.

1 - 1 of 1