+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 ₹3,078.9
↑ 0.37 ₹1,513 0.5 1.5 3 6.7 7.4 5.95% 1M 10D 1M 10D Axis Liquid Fund Growth ₹2,976.58
↑ 0.42 ₹35,360 0.5 1.5 3 6.7 7.4 6% 1M 6D 1M 8D Edelweiss Liquid Fund Growth ₹3,418.86
↑ 0.51 ₹10,621 0.5 1.5 3 6.6 7.3 5.98% 2M 5D 2M 5D Canara Robeco Liquid Growth ₹3,217.43
↑ 0.45 ₹7,328 0.5 1.4 2.9 6.6 7.4 5.96% 1M 10D 1M 12D UTI Liquid Cash Plan Growth ₹4,385.4
↑ 0.63 ₹28,885 0.5 1.5 2.9 6.6 7.3 6.01% 1M 12D 1M 12D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Nov 25 Research Highlights & Commentary of 5 Funds showcased
Commentary BOI AXA Liquid Fund Axis Liquid Fund Edelweiss Liquid Fund Canara Robeco Liquid UTI Liquid Cash Plan Point 1 Bottom quartile AUM (₹1,513 Cr). Highest AUM (₹35,360 Cr). Lower mid AUM (₹10,621 Cr). Bottom quartile AUM (₹7,328 Cr). Upper mid AUM (₹28,885 Cr). Point 2 Established history (17+ yrs). Established history (16+ yrs). Established history (18+ yrs). Established history (17+ yrs). Oldest track record among peers (21 yrs). Point 3 Rating: 3★ (upper mid). Top rated. Rating: 2★ (bottom quartile). Rating: 3★ (lower mid). Rating: 3★ (bottom quartile). Point 4 Risk profile: Low. Risk profile: Low. Risk profile: Low. Risk profile: Low. Risk profile: Low. Point 5 1Y return: 6.66% (top quartile). 1Y return: 6.66% (upper mid). 1Y return: 6.63% (lower mid). 1Y return: 6.63% (bottom quartile). 1Y return: 6.62% (bottom quartile). Point 6 1M return: 0.49% (top quartile). 1M return: 0.49% (upper mid). 1M return: 0.49% (lower mid). 1M return: 0.49% (bottom quartile). 1M return: 0.49% (bottom quartile). Point 7 Sharpe: 3.61 (top quartile). Sharpe: 3.13 (lower mid). Sharpe: 3.25 (upper mid). Sharpe: 2.82 (bottom quartile). Sharpe: 2.78 (bottom quartile). Point 8 Information ratio: 1.09 (top quartile). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (bottom quartile). Information ratio: 0.26 (upper mid). Information ratio: 0.00 (bottom quartile). Point 9 Yield to maturity (debt): 5.95% (bottom quartile). Yield to maturity (debt): 6.00% (upper mid). Yield to maturity (debt): 5.98% (lower mid). Yield to maturity (debt): 5.96% (bottom quartile). Yield to maturity (debt): 6.01% (top quartile). Point 10 Modified duration: 0.11 yrs (upper mid). Modified duration: 0.10 yrs (top quartile). Modified duration: 0.18 yrs (bottom quartile). Modified duration: 0.11 yrs (lower mid). Modified duration: 0.12 yrs (bottom quartile). BOI AXA Liquid Fund
Axis Liquid Fund
Edelweiss Liquid Fund
Canara Robeco Liquid
UTI Liquid Cash Plan
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 ₹563.709
↑ 0.12 ₹22,389 1.6 3.4 7.7 7.5 7.9 6.81% 5M 19D 6M 22D ICICI Prudential Ultra Short Term Fund Growth ₹28.4403
↑ 0.01 ₹17,841 1.6 3.2 7.3 7.2 7.5 6.64% 4M 24D 6M 11D SBI Magnum Ultra Short Duration Fund Growth ₹6,129.77
↑ 0.93 ₹14,505 1.5 3.1 7.1 7.2 7.4 6.39% 4M 20D 5M 26D Invesco India Ultra Short Term Fund Growth ₹2,764.18
↑ 0.43 ₹1,259 1.4 3 7 7 7.5 6.37% 4M 23D 5M 2D Kotak Savings Fund Growth ₹43.9591
↑ 0.01 ₹15,149 1.5 3.1 7 7 7.2 6.49% 5M 12D 6M 11D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Nov 25 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 (₹22,389 Cr). Upper mid AUM (₹17,841 Cr). Bottom quartile AUM (₹14,505 Cr). Bottom quartile AUM (₹1,259 Cr). Lower mid AUM (₹15,149 Cr). Point 2 Established history (22+ yrs). Established history (14+ yrs). Oldest track record among peers (26 yrs). Established history (14+ 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: 7.65% (top quartile). 1Y return: 7.25% (upper mid). 1Y return: 7.10% (lower mid). 1Y return: 6.99% (bottom quartile). 1Y return: 6.96% (bottom quartile). Point 6 1M return: 0.57% (top quartile). 1M return: 0.54% (upper mid). 1M return: 0.53% (lower mid). 1M return: 0.49% (bottom quartile). 1M return: 0.51% (bottom quartile). Point 7 Sharpe: 3.40 (top quartile). Sharpe: 2.79 (upper mid). Sharpe: 2.48 (lower mid). Sharpe: 2.37 (bottom quartile). Sharpe: 1.86 (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% (top quartile). Yield to maturity (debt): 6.64% (upper mid). Yield to maturity (debt): 6.39% (bottom quartile). Yield to maturity (debt): 6.37% (bottom quartile). Yield to maturity (debt): 6.49% (lower mid). Point 10 Modified duration: 0.47 yrs (bottom quartile). Modified duration: 0.40 yrs (lower mid). Modified duration: 0.39 yrs (top quartile). Modified duration: 0.40 yrs (upper mid). Modified duration: 0.45 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.
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 Reliance Liquid Fund - Cash Plan) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Research Highlights for Nippon India Ultra Short Duration Fund Below is the key information for Nippon India Ultra Short Duration Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Regular Income Fund) The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. Research Highlights for ICICI Prudential Ultra Short Term Fund Below is the key information for ICICI Prudential Ultra Short Term Fund Returns up to 1 year are on (Erstwhile 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 "The primary investment objective of the Scheme is to seek to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities. However, there can be no assurance that the investment objective of the Scheme will be realized." Research Highlights for DSP Money Manager Fund Below is the key information for DSP Money Manager Fund Returns up to 1 year are on 1. Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (28 Nov 25) ₹563.709 ↑ 0.12 (0.02 %) Net Assets (Cr) ₹22,389 on 31 Oct 25 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.55 Sharpe Ratio 3.4 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 22 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,401 31 Oct 22 ₹10,849 31 Oct 23 ₹11,626 31 Oct 24 ₹12,522 31 Oct 25 ₹13,485 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Nov 25 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.4% 1 Year 7.7% 3 Year 7.5% 5 Year 6.2% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.9% 2023 7.2% 2022 4.8% 2021 3.9% 2020 7% 2019 8.5% 2018 7.6% 2017 7.2% 2016 9.2% 2015 8.9% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 11.38 Yr. Kaustubh Gupta 15 Jul 11 14.31 Yr. Monika Gandhi 22 Mar 21 4.62 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Oct 25
Asset Allocation
Asset Class Value Cash 49.2% Debt 50.56% Other 0.24% Debt Sector Allocation
Sector Value Corporate 47.85% Cash Equivalent 39.2% Government 12.71% Credit Quality
Rating Value AA 28.73% AAA 71.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity Shriram Finance Limited
Debentures | -3% ₹614 Cr 60,000 Nirma Limited
Debentures | -2% ₹487 Cr 48,500 07.22 GJ Sdl 2028
Sovereign Bonds | -2% ₹376 Cr 37,500,000 Muthoot Finance Limited
Debentures | -2% ₹352 Cr 35,000
↑ 10,000 Mankind Pharma Limited
Debentures | -1% ₹348 Cr 34,500 Bank of Baroda
Debentures | -1% ₹344 Cr 7,000 National Bank For Agriculture And Rural Development
Debentures | -1% ₹341 Cr 3,400 Avanse Financial Services Limited
Debentures | -1% ₹301 Cr 30,000 Power Finance Corporation Limited
Debentures | -1% ₹298 Cr 30,000 ICICI Home Finance Company Limited
Debentures | -1% ₹272 Cr 27,000 2. Nippon India Ultra Short Duration Fund
Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (28 Nov 25) ₹4,130.49 ↑ 0.81 (0.02 %) Net Assets (Cr) ₹12,641 on 31 Oct 25 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.12 Sharpe Ratio 2.13 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.81% Effective Maturity 7 Months 19 Days Modified Duration 5 Months 17 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,811 31 Oct 22 ₹11,262 31 Oct 23 ₹12,020 31 Oct 24 ₹12,882 31 Oct 25 ₹13,781 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Nov 25 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.1% 1 Year 7% 3 Year 6.9% 5 Year 6.6% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 2023 6.7% 2022 4.6% 2021 7.8% 2020 4.9% 2019 0.9% 2018 7.3% 2017 5.8% 2016 6.8% 2015 7.6% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 12.09 Yr. Kinjal Desai 25 May 18 7.44 Yr. Akshay Sharma 1 Dec 22 2.92 Yr. Lokesh Maru 5 Sep 25 0.16 Yr. Divya Sharma 5 Sep 25 0.16 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Oct 25
Asset Allocation
Asset Class Value Cash 44.47% Debt 55.33% Other 0.2% Debt Sector Allocation
Sector Value Corporate 54.03% Cash Equivalent 30.17% Government 15.6% Credit Quality
Rating Value AA 23.81% AAA 76.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹487 Cr 48,500 182 Days Tbill
Sovereign Bonds | -2% ₹294 Cr 30,000,000 Power Finance Corporation Limited
Debentures | -2% ₹251 Cr 25,000
↓ -10,000 JSW Energy Limited
Debentures | -2% ₹251 Cr 25,000 Small Industries Development Bank Of India
Debentures | -2% ₹251 Cr 2,500 Vedanta Limited
Debentures | -2% ₹241 Cr 24,000 TATA Communications Limited
Debentures | -2% ₹227 Cr 22,500 Aadhar Housing Finance Limited
Debentures | -2% ₹202 Cr 20,000 National Bank For Agriculture And Rural Development
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 (28 Nov 25) ₹28.4403 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹17,841 on 31 Oct 25 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.8 Sharpe Ratio 2.79 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 6.64% Effective Maturity 6 Months 11 Days Modified Duration 4 Months 24 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,410 31 Oct 22 ₹10,833 31 Oct 23 ₹11,585 31 Oct 24 ₹12,446 31 Oct 25 ₹13,352 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Nov 25 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.2% 1 Year 7.3% 3 Year 7.2% 5 Year 6% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.5% 2023 6.9% 2022 4.5% 2021 4% 2020 6.5% 2019 8.4% 2018 7.5% 2017 6.9% 2016 9.8% 2015 9.1% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 8.97 Yr. Ritesh Lunawat 15 Jun 17 8.39 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Oct 25
Asset Allocation
Asset Class Value Cash 59.71% Debt 40.29% Debt Sector Allocation
Sector Value Corporate 43.89% Cash Equivalent 39.51% Government 14.12% Securitized 2.49% Credit Quality
Rating Value AA 19.37% AAA 80.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.22% Govt Stock 2028
Sovereign Bonds | -4% ₹653 Cr 64,636,600 National Bank For Agriculture And Rural Development
Debentures | -3% ₹613 Cr 61,000
↑ 3,500 LIC Housing Finance Ltd
Debentures | -3% ₹600 Cr 6,000 364 DTB 15012026
Sovereign Bonds | -3% ₹496 Cr 50,000,000
↑ 50,000,000 RADHAKRISHNA SECURITISATION TRUST
Unlisted bonds | -2% ₹460 Cr 450 National Bank For Agriculture And Rural Development
Debentures | -2% ₹376 Cr 3,750 Small Industries Development Bank Of India
Debentures | -2% ₹352 Cr 35,000 Vedanta Limited
Debentures | -2% ₹301 Cr 30,000 Piramal Finance Limited
Debentures | -1% ₹277 Cr 27,500 India (Republic of)
- | -1% ₹250 Cr 25,000,000 4. UTI Ultra Short Term Fund
UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (28 Nov 25) ₹4,343.05 ↑ 0.72 (0.02 %) Net Assets (Cr) ₹4,097 on 31 Oct 25 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.93 Sharpe Ratio 1.7 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.63% Effective Maturity 6 Months 13 Days Modified Duration 5 Months 15 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,628 31 Oct 22 ₹11,019 31 Oct 23 ₹11,762 31 Oct 24 ₹12,608 31 Oct 25 ₹13,470 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Nov 25 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 3% 1 Year 6.8% 3 Year 6.9% 5 Year 6.2% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 2023 6.7% 2022 4.2% 2021 6.1% 2020 5.3% 2019 3.3% 2018 7% 2017 6.6% 2016 8.9% 2015 8.5% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Abhishek Sonthalia 10 Nov 25 0 Yr. Data below for UTI Ultra Short Term Fund as on 31 Oct 25
Asset Allocation
Asset Class Value Cash 53.1% Debt 46.6% Other 0.3% Debt Sector Allocation
Sector Value Corporate 53.87% Cash Equivalent 30.06% Government 15.76% Credit Quality
Rating Value AA 17.52% AAA 82.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -5% ₹201 Cr 20,000
↑ 5,000 182 DAYS T-BILL - 09/04/2026
Sovereign Bonds | -5% ₹196 Cr 2,000,000,000 Shriram Finance Limited
Debentures | -2% ₹101 Cr 10,000 TATA Communications Limited
Debentures | -2% ₹101 Cr 10,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹101 Cr 10,000 LIC Housing Finance Ltd
Debentures | -2% ₹100 Cr 1,000
↑ 1,000 Bajaj Housing Finance Limited
Debentures | -2% ₹75 Cr 750 Piramal Finance Limited
Debentures | -2% ₹75 Cr 7,500 Jamnagar Utilities & Power Private Limited
Debentures | -2% ₹75 Cr 750 Indian Bank
Domestic Bonds | -2% ₹74 Cr 750,000,000 5. DSP Money Manager Fund
DSP Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (28 Nov 25) ₹3,488.21 ↑ 0.54 (0.02 %) Net Assets (Cr) ₹3,960 on 31 Oct 25 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio 1.47 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.54% Effective Maturity 7 Months 20 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 20 ₹10,000 31 Oct 21 ₹10,284 31 Oct 22 ₹10,648 31 Oct 23 ₹11,361 31 Oct 24 ₹12,150 31 Oct 25 ₹12,986 Returns for DSP Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Nov 25 Duration Returns 1 Month 0.5% 3 Month 1.4% 6 Month 2.9% 1 Year 6.8% 3 Year 6.8% 5 Year 5.4% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.9% 2023 6.7% 2022 4.1% 2021 2.9% 2020 4.7% 2019 7.3% 2018 5% 2017 6% 2016 7.5% 2015 7.9% Fund Manager information for DSP Money Manager Fund
Name Since Tenure Karan Mundhra 31 May 21 4.42 Yr. Shalini Vasanta 1 Jan 25 0.83 Yr. Data below for DSP Money Manager Fund as on 31 Oct 25
Asset Allocation
Asset Class Value Cash 53.3% Debt 46.3% Other 0.39% Debt Sector Allocation
Sector Value Corporate 46.8% Cash Equivalent 38.31% Government 14.51% Credit Quality
Rating Value AA 13.53% AAA 86.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.59% Govt Stock 2026
Sovereign Bonds | -4% ₹154 Cr 15,000,000
↑ 10,000,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹154 Cr 15,000 Godrej Properties Limited
Debentures | -3% ₹129 Cr 12,500
↑ 10,000 Small Industries Development Bank Of India
Debentures | -3% ₹102 Cr 10,000 Aadhar Housing Finance Limited
Debentures | -2% ₹101 Cr 9,700
↑ 9,700 Piramal Finance Limited
Debentures | -2% ₹101 Cr 10,000 National Housing Bank
Debentures | -2% ₹78 Cr 7,500 Rec Limited
Debentures | -2% ₹77 Cr 7,500 Aditya Birla Renewables Limited
Debentures | -2% ₹77 Cr 7,500 Rec Limited
Debentures | -2% ₹77 Cr 7,500
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.