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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 20 - 21
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 (%) 2019 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity IDBI Liquid Fund Growth ₹2,159.72
↑ 0.20 ₹1,820 0.3 0.9 2.6 5.2 6.6 3.47% 20D 20D Mahindra Liquid Fund Growth ₹1,307.72
↑ 0.12 ₹2,138 0.3 0.8 2.5 4.9 6.7 3.4% 1M 2D 1M 4D Tata Liquid Fund Growth ₹3,174.43
↑ 0.31 ₹18,934 0.3 0.8 2.6 4.9 6.6 3.36% 1M 10D 1M 10D Aditya Birla Sun Life Liquid Fund Growth ₹324.135
↑ 0.03 ₹39,810 0.3 0.8 2.5 4.9 6.7 3.5% 1M 13D 1M 13D Nippon India Liquid Fund Growth ₹4,919.2
↑ 0.46 ₹26,900 0.3 0.8 2.5 4.9 6.7 3.31% 1M 10D 1M 12D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Sep 20
Best Ultra Short Term Funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2019 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹413.338
↑ 0.05 ₹16,218 1.6 5.5 7.6 7.7 8.5 4.52% 6M 6M 18D ICICI Prudential Ultra Short Term Fund Growth ₹21.0651
↑ 0.00 ₹6,940 1.7 4.8 7.4 7.4 8.4 5.42% 3M 18D 4M 20D SBI Magnum Ultra Short Duration Fund Growth ₹4,589.95
↑ 0.37 ₹12,635 1.1 4.5 6.7 7.5 8 4.08% 5M 1D 5M 12D Kotak Savings Fund Growth ₹33.1166
↑ 0.00 ₹11,176 1.1 4.4 6.6 7.1 7.8 4.01% 5M 12D 5M 23D UTI Ultra Short Term Fund Growth ₹3,192.8
↑ 0.29 ₹1,539 1.1 3.8 6.1 5.2 3.3 5.33% 3M 24D 3M 26D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Sep 20
*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.
To provide a combination of regular income and high liquidity by investing primarily in a mix of short term debt and money market instruments. Franklin India Ultra Short Bond Fund - Super Institutional Plan is a Debt - Ultrashort Bond fund was launched on 18 Dec 07. It is a fund with Moderate risk and has given a Below is the key information for Franklin India Ultra Short Bond Fund - Super Institutional Plan 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 (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 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 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. SBI Magnum Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 21 May 99. It is a fund with Low risk and has given a Below is the key information for SBI Magnum Ultra Short Duration Fund Returns up to 1 year are on 1. Franklin India Ultra Short Bond Fund - Super Institutional Plan
CAGR/Annualized return of 8.6% since its launch. Return for 2019 was 9.6% , 2018 was 8.7% and 2017 was 8.2% . Franklin India Ultra Short Bond Fund - Super Institutional Plan
Growth Launch Date 18 Dec 07 NAV (25 Sep 20) ₹28.6531 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹9,931 on 31 Aug 20 Category Debt - Ultrashort Bond AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆ Risk Moderate Expense Ratio 0.52 Sharpe Ratio -0.07 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 8.24% Effective Maturity 11 Months 7 Days Modified Duration 3 Months 4 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 15 ₹10,000 31 Aug 16 ₹10,970 31 Aug 17 ₹11,975 31 Aug 18 ₹12,884 31 Aug 19 ₹14,146 31 Aug 20 ₹14,792
Purchase not allowed Returns for Franklin India Ultra Short Bond Fund - Super Institutional Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20 Duration Returns 1 Month 0.6% 3 Month 2.3% 6 Month 5.4% 1 Year 4.5% 3 Year 7.3% 5 Year 8.1% 10 Year 15 Year Since launch 8.6% Historical performance (Yearly) on absolute basis
Year Returns 2019 9.6% 2018 8.7% 2017 8.2% 2016 9.7% 2015 9.7% 2014 10% 2013 10% 2012 10.3% 2011 9.4% 2010 5.9% Fund Manager information for Franklin India Ultra Short Bond Fund - Super Institutional Plan
Name Since Tenure Santosh Kamath 25 Oct 18 1.85 Yr. Pallab Roy 1 Jun 08 12.26 Yr. Data below for Franklin India Ultra Short Bond Fund - Super Institutional Plan as on 31 Aug 20
Asset Allocation
Asset Class Value Cash 4.81% Debt 63.04% Other 32.15% Debt Sector Allocation
Sector Value Corporate 63.04% Cash Equivalent 4.81% Credit Quality
Rating Value A 40.85% AA 59.12% AAA 0.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity JM Financial Credit Solutions Limited
Debentures | -5% ₹542 Cr 5,400
↑ 5,400 Indostar Capital Finance Limited
Debentures | -4% ₹435 Cr 4,400 Indostar Capital Finance Limited
Debentures | -4% ₹390 Cr 3,900
↑ 3,900 Edelweiss Commodities Services Limited
Debentures | -4% ₹370 Cr 7,500
↑ 7,500 Edelweiss Commodities Services Limited
Debentures | -4% ₹364 Cr 3,650
↑ 3,650 Bharti Telecom Limited
Debentures | -3% ₹301 Cr 2,400 Renew Power Ventures Private Limited
Debentures | -3% ₹288 Cr 2,890 Piramal Enterprises Limited
Debentures | -3% ₹255 Cr 2,550 Clix Capital Services Private Limited
Debentures | -2% ₹234 Cr 2,350
↑ 2,350 Tata Realty and Infrastructure Limited
Debentures | -2% ₹227 Cr 2,000
↑ 2,000 2. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 8.2% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2019 was 8.4% , 2018 was 7.5% and 2017 was 6.9% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (25 Sep 20) ₹21.0651 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹6,940 on 31 Aug 20 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 1.09 Sharpe Ratio 2.41 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 5.42% Effective Maturity 4 Months 20 Days Modified Duration 3 Months 18 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 15 ₹10,000 31 Aug 16 ₹10,947 31 Aug 17 ₹11,866 31 Aug 18 ₹12,618 31 Aug 19 ₹13,696 31 Aug 20 ₹14,717 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 Sep 20 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 4.8% 1 Year 7.4% 3 Year 7.4% 5 Year 8% 10 Year 15 Year Since launch 8.2% Historical performance (Yearly) on absolute basis
Year Returns 2019 8.4% 2018 7.5% 2017 6.9% 2016 9.8% 2015 9.1% 2014 14.8% 2013 3.1% 2012 9.4% 2011 2010 Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 3.79 Yr. Ritesh Lunawat 15 Jun 17 3.21 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Aug 20
Asset Allocation
Asset Class Value Cash 57.63% Debt 42.37% Debt Sector Allocation
Sector Value Corporate 59.93% Cash Equivalent 39.12% Government 0.51% Securitized 0.44% Credit Quality
Rating Value A 4.38% AA 31.63% AAA 63.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity Manappuram Finance Limited
Debentures | -3% ₹205 Cr 2,000
↑ 2,000 JSW Energy Limited
Debentures | -3% ₹200 Cr 2,000 Rural Electrification Corporation Limited
Debentures | -3% ₹175 Cr 1,750 Housing Development Finance Corporation Limited
Debentures | -2% ₹152 Cr 1,500
↑ 250 Tata Value Homes Limited
Debentures | -2% ₹152 Cr 1,500 Aspire Home Finance Corporation Limited
Debentures | -2% ₹151 Cr 1,500 Reliance Industries Limited
Debentures | -2% ₹141 Cr 1,400 Bharti Telecom Limited
Debentures | -2% ₹127 Cr 1,250 Bahadur Chand Investments Private Limited
Debentures | -2% ₹126 Cr 1,250 RELIABLE DEVICES TRUST
Unlisted bonds | -2% ₹116 Cr 986 3. UTI Ultra Short Term Fund
CAGR/Annualized return of 7% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2019 was 3.3% , 2018 was 7% and 2017 was 6.6% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (25 Sep 20) ₹3,192.8 ↑ 0.29 (0.01 %) Net Assets (Cr) ₹1,539 on 31 Aug 20 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.99 Sharpe Ratio 1.87 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,500 Exit Load NIL Yield to Maturity 5.33% Effective Maturity 3 Months 26 Days Modified Duration 3 Months 24 Days Growth of 10,000 investment over the years.
Date Value 31 Aug 15 ₹10,000 31 Aug 16 ₹10,876 31 Aug 17 ₹11,702 31 Aug 18 ₹12,442 31 Aug 19 ₹12,817 31 Aug 20 ₹13,642 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20 Duration Returns 1 Month 0.3% 3 Month 1.1% 6 Month 3.8% 1 Year 6.1% 3 Year 5.2% 5 Year 6.4% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2019 3.3% 2018 7% 2017 6.6% 2016 8.9% 2015 8.5% 2014 8.8% 2013 9.8% 2012 9% 2011 8.2% 2010 5.4% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Sudhir Agarwal 1 Jul 15 5.17 Yr. Ritesh Nambiar 1 Jul 15 5.17 Yr. Data below for UTI Ultra Short Term Fund as on 31 Aug 20
Asset Allocation
Asset Class Value Cash 68.18% Debt 31.82% Debt Sector Allocation
Sector Value Cash Equivalent 47.26% Corporate 43.54% Government 9.2% Credit Quality
Rating Value A 13.58% AA 1.29% AAA 85.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity Edelweiss Commodities Services Limited
Debentures | -8% ₹120 Cr 1,250 Avanse Financial Services Limited
Debentures | -4% ₹65 Cr 650 8.12% Govt Stock 2020
Sovereign Bonds | -4% ₹56 Cr 550,000,000 91 DTB 22102020
Sovereign Bonds | -4% ₹55 Cr 550,000,000
↑ 550,000,000 Tata Capital Housing Finance Limited
Debentures | -3% ₹51 Cr 500 06.99% AP SDL 2020
Sovereign Bonds | -3% ₹50 Cr 500,000,000 182 DTB 03092020
Sovereign Bonds | -3% ₹50 Cr 500,000,000 Mahindra & Mahindra Financial Services Limited
Debentures | -3% ₹49 Cr 500
↑ 500 6.17% Govt Stock 2021
Sovereign Bonds | -2% ₹36 Cr 350,000,000
↑ 350,000,000 HDB Financial Services Limited
Debentures | -2% ₹31 Cr 250 4. Aditya Birla Sun Life Savings Fund
CAGR/Annualized return of 7.8% since its launch. Ranked 6 in Ultrashort Bond category. Return for 2019 was 8.5% , 2018 was 7.6% and 2017 was 7.2% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (25 Sep 20) ₹413.338 ↑ 0.05 (0.01 %) Net Assets (Cr) ₹16,218 on 31 Aug 20 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.35 Sharpe Ratio 2.52 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 4.52% Effective Maturity 6 Months 18 Days Modified Duration 6 Months Growth of 10,000 investment over the years.
Date Value 31 Aug 15 ₹10,000 31 Aug 16 ₹10,922 31 Aug 17 ₹11,812 31 Aug 18 ₹12,580 31 Aug 19 ₹13,709 31 Aug 20 ₹14,759 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 Sep 20 Duration Returns 1 Month 0.4% 3 Month 1.6% 6 Month 5.5% 1 Year 7.6% 3 Year 7.7% 5 Year 8.1% 10 Year 15 Year Since launch 7.8% Historical performance (Yearly) on absolute basis
Year Returns 2019 8.5% 2018 7.6% 2017 7.2% 2016 9.2% 2015 8.9% 2014 9.7% 2013 9.5% 2012 9.7% 2011 9.2% 2010 5.8% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 11 Oct 14 5.89 Yr. Kaustubh Gupta 15 Jul 11 9.14 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Aug 20
Asset Allocation
Asset Class Value Cash 47.34% Debt 52.66% Debt Sector Allocation
Sector Value Corporate 54.18% Cash Equivalent 29.62% Government 15.41% Securitized 0.79% Credit Quality
Rating Value AA 9.71% AAA 90.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity Mahindra & Mahindra Financial Services Limited
Debentures | -3% ₹454 Cr 4,450
↑ 4,450 8.12% Govt Stock 2020
Sovereign Bonds | -2% ₹405 Cr 40,000,000
↑ 40,000,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹366 Cr 3,750 REC Limited
Debentures | -2% ₹330 Cr 3,200
↑ 3,200 Housing Development Finance Corporation Limited
Debentures | -2% ₹297 Cr 2,925
↑ 250 Rural Electrification Corporation Limited
Debentures | -2% ₹270 Cr 2,650 6.81% MH SDL 2020
Sovereign Bonds | -2% ₹262 Cr 26,000,000 Muthoot Finance Limited
Debentures | -1% ₹242 Cr 2,350 Reliance Industries Limited
Debentures | -1% ₹234 Cr 2,315 Rural Electrification Corporation Limited
Debentures | -1% ₹231 Cr 2,250 5. SBI Magnum Ultra Short Duration Fund
CAGR/Annualized return of 7.4% since its launch. Return for 2019 was 8% , 2018 was 7.9% and 2017 was 6.6% . SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (25 Sep 20) ₹4,589.95 ↑ 0.37 (0.01 %) Net Assets (Cr) ₹12,635 on 31 Aug 20 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.28 Sharpe Ratio 2.96 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 4.08% Effective Maturity 5 Months 12 Days Modified Duration 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 Aug 15 ₹10,000 31 Aug 16 ₹10,796 31 Aug 17 ₹11,526 31 Aug 18 ₹12,358 31 Aug 19 ₹13,411 31 Aug 20 ₹14,324 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 Sep 20 Duration Returns 1 Month 0.3% 3 Month 1.1% 6 Month 4.5% 1 Year 6.7% 3 Year 7.5% 5 Year 7.4% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2019 8% 2018 7.9% 2017 6.6% 2016 7.7% 2015 8.3% 2014 9% 2013 9.3% 2012 9.3% 2011 8.7% 2010 5.4% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Rajeev Radhakrishnan 1 May 10 10.34 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 31 Aug 20
Asset Allocation
Asset Class Value Cash 67.81% Debt 32.19% Debt Sector Allocation
Sector Value Corporate 44.99% Cash Equivalent 38.89% Government 15.32% Securitized 0.8% Credit Quality
Rating Value AA 4.17% AAA 95.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity 91 DTB 24092020
Sovereign Bonds | -8% ₹998 Cr 100,000,000 182 DTB 29092020
Sovereign Bonds | -6% ₹798 Cr 80,000,000 Rural Electrification Corporation Limited
Debentures | -5% ₹689 Cr 6,750
↓ -500 364 DTB 29072021
Sovereign Bonds | -4% ₹484 Cr 50,000,000 Housing Development Finance Corporation Limited
Debentures | -3% ₹380 Cr 3,750 Mahindra & Mahindra Financial Services Limited
Debentures | -3% ₹371 Cr 3,000
↑ 3,000 182 DTB 04022021
Sovereign Bonds | -3% ₹345 Cr 35,000,000
↑ 35,000,000 Housing Development Finance Corporation Limited
Debentures | -2% ₹231 Cr 2,250
↑ 1,250 Muthoot Finance Limited
Debentures | -2% ₹216 Cr 2,130,000
↑ 800,000 Power Finance Corporation Limited
Debentures | -1% ₹175 Cr 1,750
↑ 1,750
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.