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

Ultra Short Term Funds Vs Liquid Funds

Updated on May 18, 2022 , 25035 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.

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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 22 - 23

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 (%)2021 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Baroda Pioneer Liquid Fund Growth ₹2,443.19
↑ 0.30
₹6,2050.30.91.83.53.34.21%1M 2D1M 2D
JM Liquid Fund Growth ₹58.0588
↑ 0.01
₹2,4640.30.91.83.53.33.99%29D1M 2D
Axis Liquid Fund Growth ₹2,361.02
↑ 0.32
₹28,9340.30.91.83.43.33.88%1M 12D1M 13D
Mahindra Liquid Fund Growth ₹1,381.18
↑ 0.16
₹1,6070.30.91.83.43.34.08%1M 2D1M 4D
Mirae Asset Cash Management Fund Growth ₹2,227.15
↑ 0.29
₹3,3780.30.91.83.43.34.08%29D28D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 May 22

Best Ultra Short Term Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2021 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Nippon India Ultra Short Duration Fund Growth ₹3,288.19
↑ 0.53
₹4,9850.71.77.34.27.85.04%4M 22D5M 21D
UTI Ultra Short Term Fund Growth ₹3,464.8
↑ 0.16
₹2,5060.51.45.84.36.14.65%4M 15D4M 20D
Aditya Birla Sun Life Savings Fund Growth ₹441.001
↑ 0.06
₹16,1090.61.73.75.73.95.04%5M 26D6M
ICICI Prudential Ultra Short Term Fund Growth ₹22.4725
↑ 0.00
₹13,2660.71.63.65.644.61%3M 4D3M 25D
SBI Magnum Ultra Short Duration Fund Growth ₹4,848.9
↑ 0.33
₹14,0290.51.53.253.44.54%5M 5D5M 16D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 May 22

*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 7.5% since its launch.  Ranked 6 in Ultrashort Bond category.  Return for 2021 was 3.9% , 2020 was 7% and 2019 was 8.5% .

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 (20 May 22) ₹441.001 ↑ 0.06   (0.01 %)
Net Assets (Cr) ₹16,109 on 15 May 22
Category Debt - Ultrashort Bond
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.47
Sharpe Ratio 1.84
Information Ratio 0
Alpha Ratio 0
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 5.04%
Effective Maturity 6 Months
Modified Duration 5 Months 26 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,692
30 Apr 19₹11,579
30 Apr 20₹12,436
30 Apr 21₹13,245
30 Apr 22₹13,782

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 20 May 22

DurationReturns
1 Month 0%
3 Month 0.6%
6 Month 1.7%
1 Year 3.7%
3 Year 5.7%
5 Year 6.5%
10 Year
15 Year
Since launch 7.5%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 9.7%
Fund Manager information for Aditya Birla Sun Life Savings Fund
NameSinceTenure
Sunaina Cunha14 Jun 147.88 Yr.
Kaustubh Gupta15 Jul 1110.8 Yr.
Monika Gandhi22 Mar 211.11 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 15 May 22

Asset Allocation
Asset ClassValue
Cash64.1%
Debt35.9%
Debt Sector Allocation
SectorValue
Corporate42.72%
Cash Equivalent37.34%
Government19.94%
Credit Quality
RatingValue
AA13.01%
AAA86.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corporation Limited
Debentures | -
4%₹602 Cr6,000
182 Dtb 08092022
Sovereign Bonds | -
2%₹394 Cr40,000,000
8.15% Govt Stock 2022
Sovereign Bonds | -
2%₹296 Cr29,500,000
Shriram Transport Finance Company Limited
Debentures | -
2%₹280 Cr2,750
Indusind Bank Limited
Debentures | -
2%₹269 Cr5,500
↑ 5,500
Reliance Industries Limited
Debentures | -
2%₹258 Cr2,500
Housing Development Finance Corporation Limited
Debentures | -
2%₹246 Cr2,450
08.21 HR UDAY 2023
Domestic Bonds | -
1%₹236 Cr23,000,000
08.24 GJ Sdl 2023
Sovereign Bonds | -
1%₹216 Cr21,000,000
08.18 HR UDAY 2022
Domestic Bonds | -
1%₹211 Cr21,000,000

2. 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 2021 was 7.8% , 2020 was 4.9% and 2019 was 0.9% .

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 (20 May 22) ₹3,288.19 ↑ 0.53   (0.02 %)
Net Assets (Cr) ₹4,985 on 30 Apr 22
Category Debt - Ultrashort Bond
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 1.09
Sharpe Ratio 1.46
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 5.04%
Effective Maturity 5 Months 21 Days
Modified Duration 4 Months 22 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,598
30 Apr 19₹11,303
30 Apr 20₹11,353
30 Apr 21₹11,969
30 Apr 22₹12,878

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 ₹197,169.
Net Profit of ₹17,169
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 20 May 22

DurationReturns
1 Month 0.1%
3 Month 0.7%
6 Month 1.7%
1 Year 7.3%
3 Year 4.2%
5 Year 5.1%
10 Year
15 Year
Since launch 6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 9.2%
Fund Manager information for Nippon India Ultra Short Duration Fund
NameSinceTenure
Vivek Sharma1 Oct 138.59 Yr.
Kinjal Desai25 May 183.94 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 30 Apr 22

Asset Allocation
Asset ClassValue
Cash53.85%
Debt46.15%
Debt Sector Allocation
SectorValue
Corporate41.89%
Cash Equivalent39.36%
Government18.76%
Credit Quality
RatingValue
AA25.73%
AAA74.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 15092022
Sovereign Bonds | -
4%₹222 Cr22,500,000
HDB Financial Services Limited
Debentures | -
3%₹161 Cr1,500
↑ 1,500
Tata Realty And Infrastructure Limited 6.24%
Debentures | -
3%₹150 Cr1,500
↑ 1,500
182 Dtb 11082022
Sovereign Bonds | -
3%₹148 Cr15,000,000
Piramal Enterprises Ltd.
Debentures | -
3%₹146 Cr3,000
↑ 3,000
Reliance Industries Limited
Debentures | -
2%₹103 Cr1,000
Shriram Housing Finance Company Limited
Debentures | -
2%₹101 Cr1,000
HDFC Bank Ltd
Debentures | -
2%₹98 Cr2,000
↑ 2,000
Reliance Industries Limited
Debentures | -
2%₹86 Cr850
Piramal Capital & Housing Finance Limited
Debentures | -
2%₹76 Cr750,000
↑ 500,000

3. Kotak Savings Fund

(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.

Kotak Savings Fund is a Debt - Ultrashort Bond fund was launched on 13 Aug 04. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.3% since its launch.  Ranked 44 in Ultrashort Bond category.  Return for 2021 was 3.2% , 2020 was 5.8% and 2019 was 7.8% .

Below is the key information for Kotak Savings Fund

Kotak Savings Fund
Growth
Launch Date 13 Aug 04
NAV (20 May 22) ₹34.9552 ↑ 0.00   (0.01 %)
Net Assets (Cr) ₹12,596 on 30 Apr 22
Category Debt - Ultrashort Bond
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately Low
Expense Ratio 0.45
Sharpe Ratio -0.79
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 4.66%
Effective Maturity 5 Months 16 Days
Modified Duration 4 Months 17 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,658
30 Apr 19₹11,496
30 Apr 20₹12,319
30 Apr 21₹12,919
30 Apr 22₹13,363

Kotak 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 ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Kotak 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 20 May 22

DurationReturns
1 Month
3 Month 0.6%
6 Month 1.5%
1 Year 3.2%
3 Year 4.9%
5 Year 5.9%
10 Year
15 Year
Since launch 7.3%
Historical performance (Yearly) on absolute basis
YearReturns
2021 3.2%
2020 5.8%
2019 7.8%
2018 7.4%
2017 6.7%
2016 8.2%
2015 8.6%
2014 9.4%
2013 8.9%
2012 9.6%
Fund Manager information for Kotak Savings Fund
NameSinceTenure
Deepak Agrawal15 Apr 0814.05 Yr.

Data below for Kotak Savings Fund as on 30 Apr 22

Asset Allocation
Asset ClassValue
Cash50%
Debt50%
Debt Sector Allocation
SectorValue
Corporate39.59%
Government33.42%
Cash Equivalent26.99%
Credit Quality
RatingValue
AA11.98%
AAA88.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.08% Govt Stock 2022
Sovereign Bonds | -
6%₹767 Cr75,999,900
National Bank For Agriculture And Rural Development
Debentures | -
5%₹635 Cr6,350
↑ 4,250
182 Dtb 15092022
Sovereign Bonds | -
5%₹591 Cr60,000,000
↑ 60,000,000
182 Dtb 01092022
Sovereign Bonds | -
3%₹429 Cr43,500,000
182 Dtb 25082022
Sovereign Bonds | -
3%₹410 Cr41,500,000
↑ 11,500,000
LIC Housing Finance
Debentures | -
3%₹367 Cr7,500
↑ 7,500
Shriram Transport Finance Company Limited
Debentures | -
2%₹250 Cr2,450
182 Dtb 08092022
Sovereign Bonds | -
2%₹246 Cr25,000,000
↑ 5,000,000
8.15% Govt Stock 2022
Sovereign Bonds | -
2%₹206 Cr20,500,000
Muthoot Finance Limited
Debentures | -
2%₹202 Cr2,000,000

4. 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 6.9% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2021 was 6.1% , 2020 was 5.3% and 2019 was 3.3% .

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund
Growth
Launch Date 29 Aug 03
NAV (20 May 22) ₹3,464.8 ↑ 0.16   (0.00 %)
Net Assets (Cr) ₹2,506 on 30 Apr 22
Category Debt - Ultrashort Bond
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately Low
Expense Ratio 0.96
Sharpe Ratio 0.95
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 4.65%
Effective Maturity 4 Months 20 Days
Modified Duration 4 Months 15 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,637
30 Apr 19₹11,416
30 Apr 20₹11,707
30 Apr 21₹12,255
30 Apr 22₹13,007

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 20 May 22

DurationReturns
1 Month 0%
3 Month 0.5%
6 Month 1.4%
1 Year 5.8%
3 Year 4.3%
5 Year 5.3%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 9%
Fund Manager information for UTI Ultra Short Term Fund
NameSinceTenure
Ritesh Nambiar1 Jul 156.84 Yr.

Data below for UTI Ultra Short Term Fund as on 30 Apr 22

Asset Allocation
Asset ClassValue
Cash54.42%
Debt45.58%
Debt Sector Allocation
SectorValue
Cash Equivalent46.44%
Corporate37.66%
Government15.9%
Credit Quality
RatingValue
AA22.85%
AAA77.15%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 Dtb 04082022
Sovereign Bonds | -
7%₹148 Cr1,500,000,000
↑ 1,000,000,000
8.15% Govt Stock 2022
Sovereign Bonds | -
5%₹116 Cr1,150,000,000
TATA Steel Limited
Debentures | -
5%₹102 Cr550
India (Republic of)
Sovereign Bonds | -
5%₹99 Cr1,000,000,000
The Tata Power Company Limited
Debentures | -
3%₹71 Cr700
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
3%₹60 Cr500
Rural Electrification Corporation Limited
Debentures | -
3%₹56 Cr545
Rural Electrification Corporation Limited
Debentures | -
2%₹51 Cr510
National Bank For Agriculture And Rural Development
Debentures | -
2%₹50 Cr500
LIC Housing Finance Limited
Debentures | -
2%₹50 Cr500

5. 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 7.6% since its launch.  Ranked 27 in Ultrashort Bond category.  Return for 2021 was 4% , 2020 was 6.5% and 2019 was 8.4% .

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 (20 May 22) ₹22.4725 ↑ 0.00   (0.01 %)
Net Assets (Cr) ₹13,266 on 30 Apr 22
Category Debt - Ultrashort Bond
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.99
Sharpe Ratio 1.51
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 4.61%
Effective Maturity 3 Months 25 Days
Modified Duration 3 Months 4 Days

Growth of 10,000 investment over the years.

DateValue
30 Apr 17₹10,000
30 Apr 18₹10,679
30 Apr 19₹11,519
30 Apr 20₹12,360
30 Apr 21₹13,143
30 Apr 22₹13,646

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 20 May 22

DurationReturns
1 Month 0.1%
3 Month 0.7%
6 Month 1.6%
1 Year 3.6%
3 Year 5.6%
5 Year 6.3%
10 Year
15 Year
Since launch 7.6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2012 9.4%
Fund Manager information for ICICI Prudential Ultra Short Term Fund
NameSinceTenure
Manish Banthia15 Nov 165.46 Yr.
Ritesh Lunawat15 Jun 174.88 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 30 Apr 22

Asset Allocation
Asset ClassValue
Cash69.48%
Debt30.52%
Debt Sector Allocation
SectorValue
Cash Equivalent58.55%
Corporate33.84%
Government7.6%
Credit Quality
RatingValue
A1.1%
AA22.05%
AAA76.85%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
6%₹825 Cr8,250
↑ 2,000
91 Dtb 13072022
Sovereign Bonds | -
3%₹495 Cr50,000,000
↑ 50,000,000
Nabha Power Limited
Debentures | -
3%₹450 Cr4,500
The Tata Power Company Limited
Debentures | -
1%₹212 Cr2,084
Shriram Transport Finance Company Limited
Debentures | -
1%₹204 Cr2,000
LIC Housing Finance Limited
Debentures | -
1%₹197 Cr1,950
↑ 1,000
Rec Limited
Debentures | -
1%₹166 Cr1,650
LIC Housing Finance Limited
Debentures | -
1%₹161 Cr1,600
Embassy Office Parks Reit
Debentures | -
1%₹152 Cr1,500
Housing Development Finance Corporation Ltd
Debentures | -
1%₹152 Cr1,500

Conclusion

To conclude, it can be said that both ultra short term funds and liquid funds have their own set of characteristics. However, people while choosing any scheme should check and ensure whether the scheme is in-line with their determined objective. They should also check the modalities of the scheme completely. Moreover, they may even consult a financial advisor if required to ensure that their investment helps them to attain their desired objectives.

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.
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Harsh, posted on 3 Dec 18 1:27 AM

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

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