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Ultra 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 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
Fund NAV Net Assets (Cr) 1 MO (%) 3 MO (%) 6 MO (%) 1 YR (%) 2021 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Baroda Pioneer Liquid Fund Growth ₹2,443.19
↑ 0.30 ₹6,205 0.3 0.9 1.8 3.5 3.3 4.21% 1M 2D 1M 2D JM Liquid Fund Growth ₹58.0588
↑ 0.01 ₹2,464 0.3 0.9 1.8 3.5 3.3 3.99% 29D 1M 2D Axis Liquid Fund Growth ₹2,361.02
↑ 0.32 ₹28,934 0.3 0.9 1.8 3.4 3.3 3.88% 1M 12D 1M 13D Mahindra Liquid Fund Growth ₹1,381.18
↑ 0.16 ₹1,607 0.3 0.9 1.8 3.4 3.3 4.08% 1M 2D 1M 4D Mirae Asset Cash Management Fund Growth ₹2,227.15
↑ 0.29 ₹3,378 0.3 0.9 1.8 3.4 3.3 4.08% 29D 28D 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
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2021 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Nippon India Ultra Short Duration Fund Growth ₹3,288.19
↑ 0.53 ₹4,985 0.7 1.7 7.3 4.2 7.8 5.04% 4M 22D 5M 21D UTI Ultra Short Term Fund Growth ₹3,464.8
↑ 0.16 ₹2,506 0.5 1.4 5.8 4.3 6.1 4.65% 4M 15D 4M 20D Aditya Birla Sun Life Savings Fund Growth ₹441.001
↑ 0.06 ₹16,109 0.6 1.7 3.7 5.7 3.9 5.04% 5M 26D 6M ICICI Prudential Ultra Short Term Fund Growth ₹22.4725
↑ 0.00 ₹13,266 0.7 1.6 3.6 5.6 4 4.61% 3M 4D 3M 25D SBI Magnum Ultra Short Duration Fund Growth ₹4,848.9
↑ 0.33 ₹14,029 0.5 1.5 3.2 5 3.4 4.54% 5M 5D 5M 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.
The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. Aditya Birla Sun Life Savings Fund is a Debt - Ultrashort Bond fund was launched on 16 Apr 03. It is a fund with Moderately Low risk and has given a Below is the key information for Aditya Birla Sun Life Savings Fund Returns up to 1 year are on (Erstwhile Reliance Liquid Fund - Cash Plan) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Nippon India Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 7 Dec 01. It is a fund with Low risk and has given a Below is the key information for Nippon India Ultra Short Duration Fund Returns up to 1 year are on (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 Below is the key information for Kotak Savings Fund Returns up to 1 year are on (Erstwhile UTI - Floating Rate Fund - Short Term Plan) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Regular Income Fund) The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. ICICI Prudential Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 3 May 11. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on 1. Aditya Birla Sun Life Savings Fund
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% . 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.
Date Value 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 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 May 22 Duration Returns 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
Year Returns 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
Name Since Tenure Sunaina Cunha 14 Jun 14 7.88 Yr. Kaustubh Gupta 15 Jul 11 10.8 Yr. Monika Gandhi 22 Mar 21 1.11 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 15 May 22
Asset Allocation
Asset Class Value Cash 64.1% Debt 35.9% Debt Sector Allocation
Sector Value Corporate 42.72% Cash Equivalent 37.34% Government 19.94% Credit Quality
Rating Value AA 13.01% AAA 86.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity Housing Development Finance Corporation Limited
Debentures | -4% ₹602 Cr 6,000 182 Dtb 08092022
Sovereign Bonds | -2% ₹394 Cr 40,000,000 8.15% Govt Stock 2022
Sovereign Bonds | -2% ₹296 Cr 29,500,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹280 Cr 2,750 Indusind Bank Limited
Debentures | -2% ₹269 Cr 5,500
↑ 5,500 Reliance Industries Limited
Debentures | -2% ₹258 Cr 2,500 Housing Development Finance Corporation Limited
Debentures | -2% ₹246 Cr 2,450 08.21 HR UDAY 2023
Domestic Bonds | -1% ₹236 Cr 23,000,000 08.24 GJ Sdl 2023
Sovereign Bonds | -1% ₹216 Cr 21,000,000 08.18 HR UDAY 2022
Domestic Bonds | -1% ₹211 Cr 21,000,000 2. Nippon India Ultra Short Duration Fund
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% . 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.
Date Value 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 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 May 22 Duration Returns 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
Year Returns 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
Name Since Tenure Vivek Sharma 1 Oct 13 8.59 Yr. Kinjal Desai 25 May 18 3.94 Yr. Data below for Nippon India Ultra Short Duration Fund as on 30 Apr 22
Asset Allocation
Asset Class Value Cash 53.85% Debt 46.15% Debt Sector Allocation
Sector Value Corporate 41.89% Cash Equivalent 39.36% Government 18.76% Credit Quality
Rating Value AA 25.73% AAA 74.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Dtb 15092022
Sovereign Bonds | -4% ₹222 Cr 22,500,000 HDB Financial Services Limited
Debentures | -3% ₹161 Cr 1,500
↑ 1,500 Tata Realty And Infrastructure Limited 6.24%
Debentures | -3% ₹150 Cr 1,500
↑ 1,500 182 Dtb 11082022
Sovereign Bonds | -3% ₹148 Cr 15,000,000 Piramal Enterprises Ltd.
Debentures | -3% ₹146 Cr 3,000
↑ 3,000 Reliance Industries Limited
Debentures | -2% ₹103 Cr 1,000 Shriram Housing Finance Company Limited
Debentures | -2% ₹101 Cr 1,000 HDFC Bank Ltd
Debentures | -2% ₹98 Cr 2,000
↑ 2,000 Reliance Industries Limited
Debentures | -2% ₹86 Cr 850 Piramal Capital & Housing Finance Limited
Debentures | -2% ₹76 Cr 750,000
↑ 500,000 3. Kotak Savings Fund
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% . 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.
Date Value 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 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 May 22 Duration Returns 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
Year Returns 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
Name Since Tenure Deepak Agrawal 15 Apr 08 14.05 Yr. Data below for Kotak Savings Fund as on 30 Apr 22
Asset Allocation
Asset Class Value Cash 50% Debt 50% Debt Sector Allocation
Sector Value Corporate 39.59% Government 33.42% Cash Equivalent 26.99% Credit Quality
Rating Value AA 11.98% AAA 88.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.08% Govt Stock 2022
Sovereign Bonds | -6% ₹767 Cr 75,999,900 National Bank For Agriculture And Rural Development
Debentures | -5% ₹635 Cr 6,350
↑ 4,250 182 Dtb 15092022
Sovereign Bonds | -5% ₹591 Cr 60,000,000
↑ 60,000,000 182 Dtb 01092022
Sovereign Bonds | -3% ₹429 Cr 43,500,000 182 Dtb 25082022
Sovereign Bonds | -3% ₹410 Cr 41,500,000
↑ 11,500,000 LIC Housing Finance
Debentures | -3% ₹367 Cr 7,500
↑ 7,500 Shriram Transport Finance Company Limited
Debentures | -2% ₹250 Cr 2,450 182 Dtb 08092022
Sovereign Bonds | -2% ₹246 Cr 25,000,000
↑ 5,000,000 8.15% Govt Stock 2022
Sovereign Bonds | -2% ₹206 Cr 20,500,000 Muthoot Finance Limited
Debentures | -2% ₹202 Cr 2,000,000 4. UTI Ultra Short Term Fund
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% . 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.
Date Value 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 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 May 22 Duration Returns 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
Year Returns 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
Name Since Tenure Ritesh Nambiar 1 Jul 15 6.84 Yr. Data below for UTI Ultra Short Term Fund as on 30 Apr 22
Asset Allocation
Asset Class Value Cash 54.42% Debt 45.58% Debt Sector Allocation
Sector Value Cash Equivalent 46.44% Corporate 37.66% Government 15.9% Credit Quality
Rating Value AA 22.85% AAA 77.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Dtb 04082022
Sovereign Bonds | -7% ₹148 Cr 1,500,000,000
↑ 1,000,000,000 8.15% Govt Stock 2022
Sovereign Bonds | -5% ₹116 Cr 1,150,000,000 TATA Steel Limited
Debentures | -5% ₹102 Cr 550 India (Republic of)
Sovereign Bonds | -5% ₹99 Cr 1,000,000,000 The Tata Power Company Limited
Debentures | -3% ₹71 Cr 700 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -3% ₹60 Cr 500 Rural Electrification Corporation Limited
Debentures | -3% ₹56 Cr 545 Rural Electrification Corporation Limited
Debentures | -2% ₹51 Cr 510 National Bank For Agriculture And Rural Development
Debentures | -2% ₹50 Cr 500 LIC Housing Finance Limited
Debentures | -2% ₹50 Cr 500 5. ICICI Prudential Ultra Short Term Fund
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% . 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.
Date Value 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 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 May 22 Duration Returns 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
Year Returns 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
Name Since Tenure Manish Banthia 15 Nov 16 5.46 Yr. Ritesh Lunawat 15 Jun 17 4.88 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 30 Apr 22
Asset Allocation
Asset Class Value Cash 69.48% Debt 30.52% Debt Sector Allocation
Sector Value Cash Equivalent 58.55% Corporate 33.84% Government 7.6% Credit Quality
Rating Value A 1.1% AA 22.05% AAA 76.85% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -6% ₹825 Cr 8,250
↑ 2,000 91 Dtb 13072022
Sovereign Bonds | -3% ₹495 Cr 50,000,000
↑ 50,000,000 Nabha Power Limited
Debentures | -3% ₹450 Cr 4,500 The Tata Power Company Limited
Debentures | -1% ₹212 Cr 2,084 Shriram Transport Finance Company Limited
Debentures | -1% ₹204 Cr 2,000 LIC Housing Finance Limited
Debentures | -1% ₹197 Cr 1,950
↑ 1,000 Rec Limited
Debentures | -1% ₹166 Cr 1,650 LIC Housing Finance Limited
Debentures | -1% ₹161 Cr 1,600 Embassy Office Parks Reit
Debentures | -1% ₹152 Cr 1,500 Housing Development Finance Corporation Ltd
Debentures | -1% ₹152 Cr 1,500
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.
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.