+91-22-48913909Ultra 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 25 - 26
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 (%) 2024 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Axis Liquid Fund Growth ₹3,089.68
↑ 0.52 ₹56,168 0.6 1.8 3.3 6.3 6.6 6.23% 1M 5D 1M 5D BOI AXA Liquid Fund Growth ₹3,195.18
↑ 0.54 ₹1,720 0.6 1.8 3.3 6.3 6.6 6.11% 1M 10D 1M 10D Edelweiss Liquid Fund Growth ₹3,546.31
↑ 0.87 ₹15,222 0.6 1.9 3.3 6.3 6.5 6.51% 1M 6D 1M 6D DSP Liquidity Fund Growth ₹3,959.13
↑ 0.67 ₹19,019 0.7 1.8 3.3 6.3 6.5 0% 1M 1D Aditya Birla Sun Life Liquid Fund Growth ₹446.725
↑ 0.11 ₹47,520 0.7 1.8 3.3 6.3 6.5 7.01% 1M 17D 1M 20D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Jun 26 Research Highlights & Commentary of 5 Funds showcased
Commentary Axis Liquid Fund BOI AXA Liquid Fund Edelweiss Liquid Fund DSP Liquidity Fund Aditya Birla Sun Life Liquid Fund Point 1 Highest AUM (₹56,168 Cr). Bottom quartile AUM (₹1,720 Cr). Bottom quartile AUM (₹15,222 Cr). Lower mid AUM (₹19,019 Cr). Upper mid AUM (₹47,520 Cr). Point 2 Established history (16+ yrs). Established history (17+ yrs). Established history (18+ yrs). Established history (20+ yrs). Oldest track record among peers (22 yrs). Point 3 Top rated. Rating: 3★ (lower mid). Rating: 2★ (bottom quartile). Rating: 3★ (bottom quartile). Rating: 4★ (upper mid). Point 4 Risk profile: Low. Risk profile: Low. Risk profile: Low. Risk profile: Low. Risk profile: Low. Point 5 1Y return: 6.31% (top quartile). 1Y return: 6.31% (upper mid). 1Y return: 6.29% (lower mid). 1Y return: 6.28% (bottom quartile). 1Y return: 6.26% (bottom quartile). Point 6 1M return: 0.65% (lower mid). 1M return: 0.63% (bottom quartile). 1M return: 0.64% (bottom quartile). 1M return: 0.65% (upper mid). 1M return: 0.65% (top quartile). Point 7 Sharpe: 2.39 (upper mid). Sharpe: 2.65 (top quartile). Sharpe: 2.22 (bottom quartile). Sharpe: 2.26 (lower mid). Sharpe: 2.20 (bottom quartile). Point 8 Information ratio: 0.00 (upper mid). Information ratio: 2.14 (top quartile). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (bottom quartile). Information ratio: 0.00 (bottom quartile). Point 9 Yield to maturity (debt): 6.23% (lower mid). Yield to maturity (debt): 6.11% (bottom quartile). Yield to maturity (debt): 6.51% (upper mid). Yield to maturity (debt): 0.00% (bottom quartile). Yield to maturity (debt): 7.01% (top quartile). Point 10 Modified duration: 0.10 yrs (upper mid). Modified duration: 0.11 yrs (bottom quartile). Modified duration: 0.10 yrs (lower mid). Modified duration: 0.09 yrs (top quartile). Modified duration: 0.13 yrs (bottom quartile). Axis Liquid Fund
BOI AXA Liquid Fund
Edelweiss Liquid Fund
DSP Liquidity Fund
Aditya Birla Sun Life Liquid Fund
Best Ultra Short Term Funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2024 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹582.795
↑ 0.49 ₹19,611 1.8 3.1 6.3 7.3 7.4 7.98% 5M 16D 6M 25D ICICI Prudential Ultra Short Term Fund Growth ₹29.4213
↑ 0.02 ₹16,002 1.9 3.1 6.2 7 7.1 7.79% 5M 8D 6M 11D Nippon India Ultra Short Duration Fund Growth ₹4,274.37
↑ 3.33 ₹10,938 1.9 3.1 6.1 6.8 6.8 7.83% 5M 1D 7M 3D SBI Magnum Ultra Short Duration Fund Growth ₹6,339.94
↑ 4.61 ₹11,861 1.8 3.1 6.1 7 7 7.77% 5M 5D 8M 16D Invesco India Ultra Short Term Fund Growth ₹2,859.14
↑ 1.97 ₹1,197 1.9 3.1 6 6.9 6.8 7.53% 5M 3D 5M 6D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Jun 26 Research Highlights & Commentary of 5 Funds showcased
Commentary Aditya Birla Sun Life Savings Fund ICICI Prudential Ultra Short Term Fund Nippon India Ultra Short Duration Fund SBI Magnum Ultra Short Duration Fund Invesco India Ultra Short Term Fund Point 1 Highest AUM (₹19,611 Cr). Upper mid AUM (₹16,002 Cr). Bottom quartile AUM (₹10,938 Cr). Lower mid AUM (₹11,861 Cr). Bottom quartile AUM (₹1,197 Cr). Point 2 Established history (23+ yrs). Established history (15+ yrs). Established history (24+ yrs). Oldest track record among peers (27 yrs). Established history (15+ yrs). Point 3 Top rated. Rating: 3★ (upper mid). Rating: 2★ (bottom quartile). Rating: 3★ (lower mid). Rating: 3★ (bottom quartile). Point 4 Risk profile: Moderately Low. Risk profile: Moderate. Risk profile: Low. Risk profile: Low. Risk profile: Moderate. Point 5 1Y return: 6.27% (top quartile). 1Y return: 6.21% (upper mid). 1Y return: 6.13% (lower mid). 1Y return: 6.11% (bottom quartile). 1Y return: 6.01% (bottom quartile). Point 6 1M return: 0.94% (upper mid). 1M return: 0.93% (lower mid). 1M return: 0.89% (bottom quartile). 1M return: 0.94% (top quartile). 1M return: 0.89% (bottom quartile). Point 7 Sharpe: 0.52 (upper mid). Sharpe: 0.53 (top quartile). Sharpe: 0.34 (bottom quartile). Sharpe: 0.40 (lower mid). Sharpe: 0.21 (bottom quartile). Point 8 Information ratio: 0.00 (top quartile). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (bottom quartile). Information ratio: 0.00 (bottom quartile). Point 9 Yield to maturity (debt): 7.98% (top quartile). Yield to maturity (debt): 7.79% (lower mid). Yield to maturity (debt): 7.83% (upper mid). Yield to maturity (debt): 7.77% (bottom quartile). Yield to maturity (debt): 7.53% (bottom quartile). Point 10 Modified duration: 0.46 yrs (bottom quartile). Modified duration: 0.44 yrs (bottom quartile). Modified duration: 0.42 yrs (top quartile). Modified duration: 0.43 yrs (lower mid). Modified duration: 0.42 yrs (upper mid). Aditya Birla Sun Life Savings Fund
ICICI Prudential Ultra Short Term Fund
Nippon India Ultra Short Duration Fund
SBI Magnum Ultra Short Duration Fund
Invesco India Ultra Short Term Fund
*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. Research Highlights for Aditya Birla Sun Life Savings Fund Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (Erstwhile Kotak Treasury Advantage Fund) The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. Research Highlights for Kotak Savings Fund Below is the key information for Kotak Savings Fund Returns up to 1 year are on (Erstwhile 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. Research Highlights for Nippon India Ultra Short Duration Fund 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. Research Highlights for ICICI Prudential Ultra Short Term Fund Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on (Erstwhile SBI Magnum InstaCash Fund) To provide the investors an opportunity to earn returns through investment in
debt & money market securities, while having the benefit of a very high degree of liquidity. Research Highlights for SBI Magnum Ultra Short Duration Fund Below is the key information for SBI Magnum Ultra Short Duration Fund Returns up to 1 year are on 1. Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (25 Jun 26) ₹582.795 ↑ 0.49 (0.08 %) Net Assets (Cr) ₹19,611 on 31 May 26 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.55 Sharpe Ratio 0.52 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.98% Effective Maturity 6 Months 25 Days Modified Duration 5 Months 16 Days Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,375 31 May 23 ₹11,037 31 May 24 ₹11,857 31 May 25 ₹12,812 31 May 26 ₹13,570 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jun 26 Duration Returns 1 Month 0.9% 3 Month 1.8% 6 Month 3.1% 1 Year 6.3% 3 Year 7.3% 5 Year 6.4% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.4% 2023 7.9% 2022 7.2% 2021 4.8% 2020 3.9% 2019 7% 2018 8.5% 2017 7.6% 2016 7.2% 2015 9.2% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 11.96 Yr. Kaustubh Gupta 15 Jul 11 14.89 Yr. Monika Gandhi 22 Mar 21 5.2 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 May 26
Asset Allocation
Asset Class Value Cash 28.11% Debt 71.56% Other 0.33% Debt Sector Allocation
Sector Value Corporate 70.53% Government 19.93% Cash Equivalent 9.22% Credit Quality
Rating Value AA 32.23% AAA 67.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -5% ₹982 Cr 100,000,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -4% ₹743 Cr 15,800 Shriram Finance Limited
Debentures | -3% ₹607 Cr 60,000 HDFC Bank Ltd.
Debentures | -3% ₹537 Cr 11,000 Bharti Telecom Limited
Debentures | -2% ₹395 Cr 40,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹388 Cr 39,000 Muthoot Finance Limited
Debentures | -2% ₹348 Cr 35,000 Vedanta Limited
Debentures | -2% ₹326 Cr 32,500 Mankind Pharma Limited
Debentures | -2% ₹321 Cr 32,000 Avanse Financial Services Limited
Debentures | -1% ₹300 Cr 30,000 2. Kotak Savings Fund
Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (25 Jun 26) ₹45.4083 ↑ 0.04 (0.09 %) Net Assets (Cr) ₹16,186 on 31 May 26 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.81 Sharpe Ratio -0.12 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.9% Effective Maturity 6 Months 4 Days Modified Duration 4 Months 24 Days Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,327 31 May 23 ₹10,956 31 May 24 ₹11,718 31 May 25 ₹12,586 31 May 26 ₹13,284 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jun 26 Duration Returns 1 Month 0.9% 3 Month 1.7% 6 Month 3% 1 Year 5.9% 3 Year 6.8% 5 Year 6% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.8% 2023 7.2% 2022 6.8% 2021 4.5% 2020 3.2% 2019 5.8% 2018 7.8% 2017 7.4% 2016 6.7% 2015 8.2% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 18.14 Yr. Manu Sharma 1 Nov 22 3.58 Yr. Data below for Kotak Savings Fund as on 31 May 26
Asset Allocation
Asset Class Value Cash 55.58% Debt 44.14% Other 0.28% Debt Sector Allocation
Sector Value Corporate 61.77% Cash Equivalent 20.52% Government 17.43% Credit Quality
Rating Value AA 14.98% AAA 85.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -3% ₹575 Cr 57,500 Tamil Nadu (Government of) 0.0654%
- | -3% ₹443 Cr 45,000,000 Small Industries Development Bank Of India
Debentures | -3% ₹435 Cr 43,500 Mankind Pharma Limited
Debentures | -2% ₹301 Cr 30,000 Muthoot Finance Limited
Debentures | -2% ₹299 Cr 30,000 6.9% Maharashtra Sgs 2030
Sovereign Bonds | -2% ₹297 Cr 30,000,000 06/08/2026 Maturing 182 DTB
Sovereign Bonds | -1% ₹247 Cr 25,000,000 6.16% Govt Stock 2028
Sovereign Bonds | -1% ₹227 Cr 22,500,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -1% ₹205 Cr 210 Vedanta Limited
Debentures | -1% ₹200 Cr 20,000 3. Nippon India Ultra Short Duration Fund
Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (25 Jun 26) ₹4,274.37 ↑ 3.33 (0.08 %) Net Assets (Cr) ₹10,938 on 31 May 26 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.12 Sharpe Ratio 0.34 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.83% Effective Maturity 7 Months 3 Days Modified Duration 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,737 31 May 23 ₹11,385 31 May 24 ₹12,171 31 May 25 ₹13,069 31 May 26 ₹13,823 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jun 26 Duration Returns 1 Month 0.9% 3 Month 1.9% 6 Month 3.1% 1 Year 6.1% 3 Year 6.8% 5 Year 6.6% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.8% 2023 7.2% 2022 6.7% 2021 4.6% 2020 7.8% 2019 4.9% 2018 0.9% 2017 7.3% 2016 5.8% 2015 6.8% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 12.67 Yr. Kinjal Desai 25 May 18 8.02 Yr. Akshay Sharma 1 Dec 22 3.5 Yr. Amber Singhania 11 Mar 26 0.22 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 May 26
Asset Allocation
Asset Class Value Cash 48.82% Debt 50.9% Other 0.28% Debt Sector Allocation
Sector Value Corporate 66.96% Cash Equivalent 19.51% Government 13.25% Credit Quality
Rating Value AA 29.3% AAA 70.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tbill
Sovereign Bonds | -3% ₹394 Cr 40,000,000 India (Republic of)
- | -2% ₹272 Cr 27,500,000
↑ 27,500,000 Tbill
Sovereign Bonds | -2% ₹246 Cr 25,000,000 Vedanta Limited
Debentures | -2% ₹240 Cr 24,000 Indigrid Infrastructure Trust
Debentures | -2% ₹240 Cr 2,400 TATA Communications Limited
Debentures | -2% ₹225 Cr 22,500 Bajaj Housing Finance Limited
Debentures | -2% ₹200 Cr 2,000
↑ 2,000 Aadhar Housing Finance Limited
Debentures | -2% ₹200 Cr 20,000 Embassy Office Parks Reit
Debentures | -2% ₹199 Cr 2,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -2% ₹188 Cr 4,000 4. ICICI Prudential Ultra Short Term Fund
ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (25 Jun 26) ₹29.4213 ↑ 0.02 (0.08 %) Net Assets (Cr) ₹16,002 on 31 May 26 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.8 Sharpe Ratio 0.53 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 7.79% Effective Maturity 6 Months 11 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,361 31 May 23 ₹11,003 31 May 24 ₹11,791 31 May 25 ₹12,687 31 May 26 ₹13,432 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jun 26 Duration Returns 1 Month 0.9% 3 Month 1.9% 6 Month 3.1% 1 Year 6.2% 3 Year 7% 5 Year 6.2% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.1% 2023 7.5% 2022 6.9% 2021 4.5% 2020 4% 2019 6.5% 2018 8.4% 2017 7.5% 2016 6.9% 2015 9.8% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 9.55 Yr. Ritesh Lunawat 15 Jun 17 8.97 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 May 26
Asset Allocation
Asset Class Value Cash 73.48% Debt 26.22% Other 0.3% Debt Sector Allocation
Sector Value Corporate 62.12% Cash Equivalent 40.21% Credit Quality
Rating Value AA 17.61% AAA 82.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tbill
Sovereign Bonds | -6% ₹992 Cr 100,000,000 Bajaj Housing Finance Limited
Debentures | -2% ₹350 Cr 35,000
↑ 35,000 Vedanta Limited
Debentures | -2% ₹341 Cr 34,000
↓ -1,000 HDFC Bank Ltd.
Debentures | -2% ₹341 Cr 7,000 6.16% Govt Stock 2028
Sovereign Bonds | -2% ₹310 Cr 30,773,600 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -2% ₹296 Cr 300 Muthoot Finance Limited
Debentures | -2% ₹276 Cr 27,500 AU Small Finance Bank Ltd.
Debentures | -1% ₹239 Cr 5,000 Rec Limited
Debentures | -1% ₹235 Cr 23,500
↑ 2,500 Piramal Finance Limited
Debentures | -1% ₹231 Cr 23,000 5. SBI Magnum Ultra Short Duration Fund
SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (25 Jun 26) ₹6,339.94 ↑ 4.61 (0.07 %) Net Assets (Cr) ₹11,861 on 31 May 26 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.54 Sharpe Ratio 0.4 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.77% Effective Maturity 8 Months 16 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,326 31 May 23 ₹10,966 31 May 24 ₹11,751 31 May 25 ₹12,644 31 May 26 ₹13,371 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Jun 26 Duration Returns 1 Month 0.9% 3 Month 1.8% 6 Month 3.1% 1 Year 6.1% 3 Year 7% 5 Year 6.1% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2024 7% 2023 7.4% 2022 7% 2021 4.5% 2020 3.4% 2019 5.9% 2018 8% 2017 7.9% 2016 6.6% 2015 7.7% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Sudhir Agrawal 15 May 25 1.05 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 31 May 26
Asset Allocation
Asset Class Value Cash 68.09% Debt 31.53% Other 0.38% Debt Sector Allocation
Sector Value Corporate 63.08% Government 20.09% Cash Equivalent 16.45% Credit Quality
Rating Value AA 15.4% AAA 84.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -8% ₹1,015 Cr 102,500,000 TATA Communications Limited
Debentures | -4% ₹550 Cr 55,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -3% ₹329 Cr 7,000 Adani Power Limited
Debentures | -2% ₹297 Cr 30,000 LIC Housing Finance Ltd
Debentures | -2% ₹275 Cr 27,500
↑ 27,500 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -2% ₹249 Cr 255 Muthoot Finance Limited
Debentures | -2% ₹224 Cr 22,500 Tbill
Sovereign Bonds | -2% ₹198 Cr 20,000,000 Oberoi Realty Limited
Debentures | -1% ₹166 Cr 20,000 Eris Lifesciences Limited
Debentures | -1% ₹151 Cr 15,000
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.
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.