+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 BOI AXA Liquid Fund Growth ₹3,104.48
↑ 0.39 ₹1,107 0.5 1.4 2.9 6.4 6.6 5.94% 2M 1D 1M 20D Axis Liquid Fund Growth ₹3,000.94
↑ 0.39 ₹35,653 0.5 1.4 2.9 6.4 6.6 6.06% 1M 28D 2M 2D Edelweiss Liquid Fund Growth ₹3,446.57
↑ 0.43 ₹10,414 0.5 1.4 2.9 6.4 6.5 6.03% 2M 1D 2M 1D UTI Liquid Cash Plan Growth ₹4,421.22
↑ 0.56 ₹23,480 0.5 1.4 2.9 6.4 6.5 6.04% 1M 26D 1M 26D Tata Liquid Fund Growth ₹4,244.47
↑ 0.53 ₹18,946 0.5 1.4 2.9 6.4 6.5 6.08% 1M 28D 1M 28D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Jan 26 Research Highlights & Commentary of 5 Funds showcased
Commentary BOI AXA Liquid Fund Axis Liquid Fund Edelweiss Liquid Fund UTI Liquid Cash Plan Tata Liquid Fund Point 1 Bottom quartile AUM (₹1,107 Cr). Highest AUM (₹35,653 Cr). Bottom quartile AUM (₹10,414 Cr). Upper mid AUM (₹23,480 Cr). Lower mid AUM (₹18,946 Cr). Point 2 Established history (17+ yrs). Established history (16+ yrs). Established history (18+ yrs). Oldest track record among peers (22 yrs). Established history (21+ yrs). Point 3 Rating: 3★ (lower mid). Top rated. 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: 6.45% (top quartile). 1Y return: 6.43% (upper mid). 1Y return: 6.41% (lower mid). 1Y return: 6.40% (bottom quartile). 1Y return: 6.40% (bottom quartile). Point 6 1M return: 0.48% (top quartile). 1M return: 0.47% (bottom quartile). 1M return: 0.46% (bottom quartile). 1M return: 0.47% (lower mid). 1M return: 0.47% (upper mid). Point 7 Sharpe: 4.02 (top quartile). Sharpe: 3.47 (lower mid). Sharpe: 3.82 (upper mid). Sharpe: 3.28 (bottom quartile). Sharpe: 3.23 (bottom quartile). Point 8 Information ratio: 1.26 (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): 5.94% (bottom quartile). Yield to maturity (debt): 6.06% (upper mid). Yield to maturity (debt): 6.03% (bottom quartile). Yield to maturity (debt): 6.04% (lower mid). Yield to maturity (debt): 6.08% (top quartile). Point 10 Modified duration: 0.17 yrs (bottom quartile). Modified duration: 0.16 yrs (upper mid). Modified duration: 0.17 yrs (bottom quartile). Modified duration: 0.16 yrs (top quartile). Modified duration: 0.16 yrs (lower mid). BOI AXA Liquid Fund
Axis Liquid Fund
Edelweiss Liquid Fund
UTI Liquid Cash Plan
Tata 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 ₹566.732
↑ 0.03 ₹23,615 1.2 2.8 7.1 7.4 7.4 6.81% 5M 19D 6M 11D ICICI Prudential Ultra Short Term Fund Growth ₹28.6094
↑ 0.00 ₹16,907 1.3 2.8 6.8 7.1 7.1 6.82% 5M 19D 7M 10D SBI Magnum Ultra Short Duration Fund Growth ₹6,169.61
↑ 0.57 ₹14,639 1.3 2.8 6.8 7.1 7 6.49% 5M 5D 5M 23D Invesco India Ultra Short Term Fund Growth ₹2,780.52
↑ 0.43 ₹1,234 1.2 2.6 6.6 6.9 6.8 6.57% 5M 16D 5M 24D Kotak Savings Fund Growth ₹44.2212
↑ 0.00 ₹14,243 1.2 2.6 6.6 6.9 6.8 6.66% 5M 26D 6M 25D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Jan 26 Research Highlights & Commentary of 5 Funds showcased
Commentary Aditya Birla Sun Life Savings Fund ICICI Prudential Ultra Short Term Fund SBI Magnum Ultra Short Duration Fund Invesco India Ultra Short Term Fund Kotak Savings Fund Point 1 Highest AUM (₹23,615 Cr). Upper mid AUM (₹16,907 Cr). Lower mid AUM (₹14,639 Cr). Bottom quartile AUM (₹1,234 Cr). Bottom quartile AUM (₹14,243 Cr). Point 2 Established history (22+ yrs). Established history (14+ yrs). Oldest track record among peers (26 yrs). Established history (15+ yrs). Established history (21+ yrs). Point 3 Top rated. Rating: 3★ (upper mid). Rating: 3★ (lower mid). Rating: 3★ (bottom quartile). Rating: 3★ (bottom quartile). Point 4 Risk profile: Moderately Low. Risk profile: Moderate. Risk profile: Low. Risk profile: Moderate. Risk profile: Moderately Low. Point 5 1Y return: 7.07% (top quartile). 1Y return: 6.84% (upper mid). 1Y return: 6.75% (lower mid). 1Y return: 6.60% (bottom quartile). 1Y return: 6.60% (bottom quartile). Point 6 1M return: 0.32% (bottom quartile). 1M return: 0.35% (lower mid). 1M return: 0.39% (top quartile). 1M return: 0.35% (bottom quartile). 1M return: 0.36% (upper mid). Point 7 Sharpe: 3.14 (top quartile). Sharpe: 2.94 (upper mid). Sharpe: 2.90 (lower mid). Sharpe: 2.41 (bottom quartile). Sharpe: 2.06 (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): 6.81% (upper mid). Yield to maturity (debt): 6.82% (top quartile). Yield to maturity (debt): 6.49% (bottom quartile). Yield to maturity (debt): 6.57% (bottom quartile). Yield to maturity (debt): 6.66% (lower mid). Point 10 Modified duration: 0.47 yrs (lower mid). Modified duration: 0.47 yrs (bottom quartile). Modified duration: 0.43 yrs (top quartile). Modified duration: 0.46 yrs (upper mid). Modified duration: 0.49 yrs (bottom quartile). Aditya Birla Sun Life Savings Fund
ICICI Prudential Ultra Short Term Fund
SBI Magnum Ultra Short Duration Fund
Invesco India Ultra Short Term Fund
Kotak Savings 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.
(Erstwhile Reliance Liquid Fund - Treasury 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 Liquid Fund Below is the key information for Nippon India Liquid 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 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 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. Research Highlights for UTI Ultra Short Term Fund Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on 1. Nippon India Liquid Fund
Nippon India Liquid Fund
Growth Launch Date 9 Dec 03 NAV (21 Jan 26) ₹6,575.44 ↑ 0.83 (0.01 %) Net Assets (Cr) ₹27,591 on 31 Dec 25 Category Debt - Liquid Fund AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Low Expense Ratio 0.33 Sharpe Ratio 3.05 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 8.73% Effective Maturity 2 Years 5 Months 12 Days Modified Duration 2 Years 25 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,322 31 Dec 22 ₹10,815 31 Dec 23 ₹11,568 31 Dec 24 ₹12,415 31 Dec 25 ₹13,221 Returns for Nippon India Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 26 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 2.8% 1 Year 6.4% 3 Year 6.9% 5 Year 5.8% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.5% 2023 7.3% 2022 7% 2021 4.8% 2020 3.2% 2019 4.3% 2018 6.7% 2017 7.4% 2016 6.7% 2015 7.7% Fund Manager information for Nippon India Liquid Fund
Name Since Tenure Kinjal Desai 25 May 18 7.61 Yr. Vikash Agarwal 14 Sep 24 1.3 Yr. Lokesh Maru 5 Sep 25 0.32 Yr. Divya Sharma 5 Sep 25 0.32 Yr. Data below for Nippon India Liquid Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 99.66% Other 0.34% Debt Sector Allocation
Sector Value Cash Equivalent 68.84% Corporate 24.07% Government 6.74% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Net Current Assets
Net Current Assets | -5% -₹1,298 Cr Treasury Bill
Sovereign Bonds | -4% ₹1,146 Cr 115,319,500 Bank Of Baroda
Certificate of Deposit | -3% ₹941 Cr 19,000 T-Bill
Sovereign Bonds | -3% ₹745 Cr 75,000,000 Treasury Bill
Sovereign Bonds | -3% ₹744 Cr 75,000,000 India (Republic of)
- | -3% ₹693 Cr 70,000,000
↑ 70,000,000 HDFC Bank Ltd
Certificate of Deposit | -2% ₹642 Cr 13,000
↑ 13,000 Canara Bank
Domestic Bonds | -2% ₹592 Cr 12,000
↑ 12,000 Tata Communications Limited (Vsnl)
Commercial Paper | -2% ₹499 Cr 10,000 Tata Power Co Ltd.
Commercial Paper | -2% ₹497 Cr 10,000 2. Nippon India Ultra Short Duration Fund
Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (21 Jan 26) ₹4,154.85 ↑ 0.50 (0.01 %) Net Assets (Cr) ₹11,060 on 31 Dec 25 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.12 Sharpe Ratio 2.3 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7% Effective Maturity 4 Years 8 Months 8 Days Modified Duration 3 Years 6 Months 18 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,778 31 Dec 22 ₹11,272 31 Dec 23 ₹12,026 31 Dec 24 ₹12,897 31 Dec 25 ₹13,773 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 26 Duration Returns 1 Month 0.4% 3 Month 1.2% 6 Month 2.7% 1 Year 6.5% 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 12.26 Yr. Kinjal Desai 25 May 18 7.61 Yr. Akshay Sharma 1 Dec 22 3.09 Yr. Lokesh Maru 5 Sep 25 0.32 Yr. Divya Sharma 5 Sep 25 0.32 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 45.53% Debt 54.22% Other 0.25% Debt Sector Allocation
Sector Value Corporate 57.04% Cash Equivalent 27.04% Government 15.68% Credit Quality
Rating Value AA 28.52% AAA 71.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹486 Cr 48,500 India (Republic of)
- | -3% ₹296 Cr 30,000,000 JSW Energy Limited
Debentures | -2% ₹250 Cr 25,000 Small Industries Development Bank Of India
Debentures | -2% ₹250 Cr 2,500 Treasury Bills
Sovereign Bonds | -2% ₹246 Cr 25,000,000 Vedanta Limited
Debentures | -2% ₹241 Cr 24,000 TATA Communications Limited
Debentures | -2% ₹226 Cr 22,500 India (Republic of)
- | -2% ₹211 Cr 21,500,000 Aadhar Housing Finance Limited
Debentures | -2% ₹201 Cr 20,000 Embassy Office Parks Reit
Debentures | -2% ₹201 Cr 2,000 3. ICICI Prudential Ultra Short Term Fund
ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (21 Jan 26) ₹28.6094 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹16,907 on 31 Dec 25 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.8 Sharpe Ratio 2.94 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 6.82% Effective Maturity 7 Months 10 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,400 31 Dec 22 ₹10,873 31 Dec 23 ₹11,624 31 Dec 24 ₹12,495 31 Dec 25 ₹13,380 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 26 Duration Returns 1 Month 0.4% 3 Month 1.3% 6 Month 2.8% 1 Year 6.8% 3 Year 7.1% 5 Year 6% 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 9.13 Yr. Ritesh Lunawat 15 Jun 17 8.55 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 63.83% Debt 35.9% Other 0.27% Debt Sector Allocation
Sector Value Corporate 64.79% Cash Equivalent 31.87% Government 3.07% Credit Quality
Rating Value AA 17.57% AAA 82.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹662 Cr 66,000 6.22% Govt Stock 2028
Sovereign Bonds | -4% ₹613 Cr 60,843,000
↓ -1,842,100 364 DTB 15012026
Sovereign Bonds | -3% ₹499 Cr 50,000,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -3% ₹450 Cr 450 Vedanta Limited
Debentures | -2% ₹352 Cr 35,000
↑ 5,000 Small Industries Development Bank Of India
Debentures | -2% ₹351 Cr 35,000 Piramal Finance Limited
Debentures | -2% ₹277 Cr 27,500 AU Small Finance Bank Ltd.
Debentures | -1% ₹234 Cr 5,000
↑ 5,000 Power Finance Corporation Limited
Debentures | -1% ₹230 Cr 2,300 LIC Housing Finance Ltd
Debentures | -1% ₹225 Cr 2,250 4. Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (21 Jan 26) ₹566.732 ↑ 0.03 (0.01 %) Net Assets (Cr) ₹23,615 on 31 Dec 25 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.55 Sharpe Ratio 3.14 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 6.81% Effective Maturity 6 Months 11 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,389 31 Dec 22 ₹10,884 31 Dec 23 ₹11,664 31 Dec 24 ₹12,580 31 Dec 25 ₹13,510 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 26 Duration Returns 1 Month 0.3% 3 Month 1.2% 6 Month 2.8% 1 Year 7.1% 3 Year 7.4% 5 Year 6.2% 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 11.54 Yr. Kaustubh Gupta 15 Jul 11 14.48 Yr. Monika Gandhi 22 Mar 21 4.78 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 47.86% Debt 51.91% Other 0.24% Debt Sector Allocation
Sector Value Corporate 53.86% Cash Equivalent 29.6% Government 16.31% Credit Quality
Rating Value AA 25.17% AAA 74.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity Shriram Finance Limited
Debentures | -3% ₹615 Cr 60,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹547 Cr 54,000 Nirma Limited
Debentures | -2% ₹486 Cr 48,500 Bharti Telecom Limited
Debentures | -2% ₹399 Cr 40,000
↑ 5,000 07.22 GJ Sdl 2028
Sovereign Bonds | -2% ₹376 Cr 37,500,000 Muthoot Finance Limited
Debentures | -1% ₹352 Cr 35,000 Mankind Pharma Limited
Debentures | -1% ₹347 Cr 34,500 National Bank For Agriculture And Rural Development
Debentures | -1% ₹304 Cr 30,000 Avanse Financial Services Limited
Debentures | -1% ₹301 Cr 30,000 Power Finance Corporation Limited
Debentures | -1% ₹298 Cr 30,000 5. UTI Ultra Short Term Fund
UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (21 Jan 26) ₹4,368.21 ↑ 0.24 (0.01 %) Net Assets (Cr) ₹3,655 on 31 Dec 25 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.93 Sharpe Ratio 1.85 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.78% Effective Maturity 6 Months 24 Days Modified Duration 5 Months 21 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹10,610 31 Dec 22 ₹11,058 31 Dec 23 ₹11,802 31 Dec 24 ₹12,653 31 Dec 25 ₹13,495 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 26 Duration Returns 1 Month 0.3% 3 Month 1.2% 6 Month 2.6% 1 Year 6.4% 3 Year 6.8% 5 Year 6.2% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.6% 2023 7.2% 2022 6.7% 2021 4.2% 2020 6.1% 2019 5.3% 2018 3.3% 2017 7% 2016 6.6% 2015 8.9% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Abhishek Sonthalia 10 Nov 25 0.14 Yr. Data below for UTI Ultra Short Term Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 41.94% Debt 57.71% Other 0.35% Debt Sector Allocation
Sector Value Corporate 60.02% Government 22.37% Cash Equivalent 17.26% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -8% ₹293 Cr 3,000,000,000
↑ 3,000,000,000 National Bank For Agriculture And Rural Development
Debentures | -5% ₹201 Cr 20,000 Tbill
Sovereign Bonds | -4% ₹148 Cr 1,500,000,000
↑ 1,500,000,000 Shriram Finance Limited
Debentures | -3% ₹101 Cr 10,000 TATA Communications Limited
Debentures | -3% ₹100 Cr 10,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹100 Cr 10,000 DBS Bank India Ltd.
Debentures | -3% ₹99 Cr 1,000,000,000 Piramal Finance Limited
Debentures | -2% ₹86 Cr 8,500
↑ 3,500 Piramal Finance Limited
Debentures | -2% ₹75 Cr 7,500 Jamnagar Utilities & Power Private Limited
Debentures | -2% ₹75 Cr 750
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.