Fincash » Mutual Funds » Ultra Short Term Funds Vs Liquid Funds
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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.
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.
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.
The different parameters that differentiate ultra short term funds and liquid funds are as follows.
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.
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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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.
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.
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.
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.
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 |
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.
Fund NAV Net Assets (Cr) 1 MO (%) 3 MO (%) 6 MO (%) 1 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Baroda Pioneer Liquid Fund Growth ₹2,598.87
↑ 0.46 ₹7,111 0.6 1.8 3.4 6.3 4.9 7.15% 26D 29D Axis Liquid Fund Growth ₹2,510.96
↑ 0.46 ₹25,739 0.6 1.8 3.4 6.3 4.9 7.09% 1M 8D 1M 8D Canara Robeco Liquid Growth ₹2,716.24
↑ 0.49 ₹3,732 0.6 1.8 3.4 6.3 4.9 7.07% 1M 4D 1M 7D Aditya Birla Sun Life Liquid Fund Growth ₹363.672
↑ 0.07 ₹39,131 0.6 1.8 3.5 6.3 4.8 7.32% 1M 20D 1M 20D UTI Liquid Cash Plan Growth ₹3,702.79
↑ 0.72 ₹27,772 0.6 1.8 3.4 6.2 4.8 7.23% 1M 27D 1M 27D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 May 23
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹469.638
↑ 0.11 ₹14,525 2 3.6 6.4 5.2 4.8 7.56% 5M 8D 5M 16D SBI Magnum Ultra Short Duration Fund Growth ₹5,153.67
↑ 0.87 ₹11,493 1.9 3.5 6.2 4.5 4.5 7.44% 5M 12D 5M 26D ICICI Prudential Ultra Short Term Fund Growth ₹23.8823
↑ 0.00 ₹12,645 1.9 3.5 6.2 5.1 4.5 7.57% 4M 17D 5M 5D Kotak Savings Fund Growth ₹37.1208
↑ 0.01 ₹10,606 1.9 3.5 6.1 4.5 4.5 7.54% 6M 25D 9M 18D Nippon India Ultra Short Duration Fund Growth ₹3,489.8
↑ 0.54 ₹5,103 1.9 3.4 6.1 6.1 4.6 7.62% 5M 5D 5M 22D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23
*Above is the detailed list of Liquid / Ultrashort funds having Net Assets more than 1000 Crore
and have been managing funds for atleast 3 Years. Sorted based on 1 Year returns.
*Below is the detailed list of Liquid / Ultrashort funds having Net Assets more than 1000 Crore
and have been managing funds for atleast 3 Years. Sorted based on last yield to maturity.
(Erstwhile Reliance Liquid Fund - 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 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 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 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 1. Nippon India Ultra Short Duration Fund
CAGR/Annualized
return of 6% since its launch. Ranked 62 in Ultrashort Bond
category. Return for 2022 was 4.6% , 2021 was 7.8% and 2020 was 4.9% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (26 May 23) ₹3,489.8 ↑ 0.54 (0.02 %) Net Assets (Cr) ₹5,103 on 30 Apr 23 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.12 Sharpe Ratio -1.2 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.62% Effective Maturity 5 Months 22 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,666 30 Apr 20 ₹10,713 30 Apr 21 ₹11,294 30 Apr 22 ₹12,151 30 Apr 23 ₹12,820 Returns for Nippon India Ultra Short Duration Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 May 23 Duration Returns 1 Month 0.6% 3 Month 1.9% 6 Month 3.4% 1 Year 6.1% 3 Year 6.1% 5 Year 5.1% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.6% 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% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 9.58 Yr. Kinjal Desai 25 May 18 4.93 Yr. Data below for Nippon India Ultra Short Duration Fund as on 30 Apr 23
Asset Allocation
Asset Class Value Cash 68.99% Debt 31.01% Debt Sector Allocation
Sector Value Corporate 35.78% Cash Equivalent 33.87% Government 30.36% Credit Quality
Rating Value AA 19.16% AAA 80.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 07092023
Sovereign Bonds | -5% ₹244 Cr 25,000,000 182 DTB 10082023
Sovereign Bonds | -4% ₹196 Cr 20,000,000 Tata Realty And Infrastructure Limited
Debentures | -3% ₹150 Cr 1,500 Shriram Transport Finance Company Limited
Debentures | -2% ₹125 Cr 12,500
↑ 12,500 08.39 RJ UDAY 2024
Domestic Bonds | -2% ₹101 Cr 10,000,000 Reliance Industries Limited
Debentures | -2% ₹101 Cr 1,000 Shriram Housing Finance Limited
Debentures | -2% ₹100 Cr 1,000 182 DTB 14092023
Sovereign Bonds | -2% ₹97 Cr 10,000,000 Samvardhana Motherson International Limited
Debentures | -1% ₹75 Cr 750 Manappuram Finance Limited
Debentures | -1% ₹70 Cr 700 2. UTI Ultra Short Term Fund
CAGR/Annualized
return of 6.8% since its launch. Ranked 27 in Ultrashort Bond
category. Return for 2022 was 4.2% , 2021 was 6.1% and 2020 was 5.3% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (26 May 23) ₹3,673.19 ↑ 0.49 (0.01 %) Net Assets (Cr) ₹2,190 on 30 Apr 23 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio -1.59 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.57% Effective Maturity 5 Months 26 Days Modified Duration 5 Months 21 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,733 30 Apr 20 ₹11,006 30 Apr 21 ₹11,522 30 Apr 22 ₹12,228 30 Apr 23 ₹12,879 Returns for UTI Ultra Short Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 May 23 Duration Returns 1 Month 0.6% 3 Month 1.9% 6 Month 3.4% 1 Year 5.9% 3 Year 5.3% 5 Year 5.2% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.2% 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% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Ritesh Nambiar 1 Jul 15 7.84 Yr. Data below for UTI Ultra Short Term Fund as on 30 Apr 23
Asset Allocation
Asset Class Value Cash 68.76% Debt 31.24% Debt Sector Allocation
Sector Value Corporate 45.28% Cash Equivalent 38.14% Government 16.58% Credit Quality
Rating Value AA 15.04% AAA 84.96% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Hexacom Limited
Debentures | -3% ₹64 Cr 650
↑ 500 Bharti Telecom Limited
Debentures | -3% ₹59 Cr 600 Mahindra Rural Housing Finance Limited
Debentures | -2% ₹50 Cr 500 Reliance Industries Limited
Debentures | -2% ₹50 Cr 500 Embassy Office Parks Reit
Debentures | -2% ₹50 Cr 500 Torrent Power Limited
Debentures | -2% ₹49 Cr 500
↑ 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹49 Cr 500 Godrej Properties Limited
Debentures | -2% ₹49 Cr 490 182 DTB 07092023
Sovereign Bonds | -2% ₹49 Cr 500,000,000 182 DTB 14092023
Sovereign Bonds | -2% ₹49 Cr 500,000,000 3. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized
return of 7.5% since its launch. Ranked 27 in Ultrashort Bond
category. Return for 2022 was 4.5% , 2021 was 4% and 2020 was 6.5% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (26 May 23) ₹23.8823 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹12,645 on 30 Apr 23 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.93 Sharpe Ratio -0.94 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Months (0.5%),1 Months and above(NIL) Yield to Maturity 7.57% Effective Maturity 5 Months 5 Days Modified Duration 4 Months 17 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,787 30 Apr 20 ₹11,574 30 Apr 21 ₹12,307 30 Apr 22 ₹12,778 30 Apr 23 ₹13,502 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 May 23 Duration Returns 1 Month 0.6% 3 Month 1.9% 6 Month 3.5% 1 Year 6.2% 3 Year 5.1% 5 Year 6.3% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.5% 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% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 6.46 Yr. Ritesh Lunawat 15 Jun 17 5.88 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 30 Apr 23
Asset Allocation
Asset Class Value Cash 75.14% Debt 24.86% Debt Sector Allocation
Sector Value Corporate 50.89% Cash Equivalent 39.91% Government 9.2% Credit Quality
Rating Value AA 18.72% AAA 81.28% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 29062023
Sovereign Bonds | -5% ₹694 Cr 70,000,000 182 DTB 06072023
Sovereign Bonds | -4% ₹471 Cr 47,500,000 Sikka Ports & Terminals Limited
Debentures | -3% ₹375 Cr 3,750
↓ -250 Embassy Office Parks Reit
Debentures | -2% ₹272 Cr 2,750 National Bank For Agriculture And Rural Development
Debentures | -2% ₹259 Cr 2,600 Power Finance Corporation Ltd.
Debentures | -2% ₹244 Cr 2,450 Embassy Office Parks Reit
Debentures | -2% ₹200 Cr 2,000 Apollo Building Products Private Limited
Debentures | -2% ₹199 Cr 20,000 Tata Housing Development Company Limited
Debentures | -2% ₹196 Cr 19,500
↓ -500 Ongc Petro Additions Limited
Debentures | -1% ₹190 Cr 1,900 4. Aditya Birla Sun Life Savings Fund
CAGR/Annualized
return of 7.4% since its launch. Ranked 6 in Ultrashort Bond
category. Return for 2022 was 4.8% , 2021 was 3.9% and 2020 was 7% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (26 May 23) ₹469.638 ↑ 0.11 (0.02 %) Net Assets (Cr) ₹14,525 on 30 Apr 23 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.49 Sharpe Ratio -0.55 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.56% Effective Maturity 5 Months 16 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,830 30 Apr 20 ₹11,630 30 Apr 21 ₹12,388 30 Apr 22 ₹12,890 30 Apr 23 ₹13,625 Returns for Aditya Birla Sun Life Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 May 23 Duration Returns 1 Month 0.6% 3 Month 2% 6 Month 3.6% 1 Year 6.4% 3 Year 5.2% 5 Year 6.4% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.8% 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% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 14 Jun 14 8.88 Yr. Kaustubh Gupta 15 Jul 11 11.8 Yr. Monika Gandhi 22 Mar 21 2.11 Yr. Dhaval Joshi 21 Nov 22 0.44 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 30 Apr 23
Asset Allocation
Asset Class Value Cash 61.38% Debt 38.62% Debt Sector Allocation
Sector Value Corporate 43.74% Cash Equivalent 30.82% Government 25.2% Securitized 0.24% Credit Quality
Rating Value AA 21.44% AAA 78.56% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 29062023
Sovereign Bonds | -6% ₹855 Cr 86,204,130
↓ -5,000,000 Housing Development Finance Corporation Ltd
Debentures | -4% ₹597 Cr 6,000 182 DTB 29092023
Sovereign Bonds | -3% ₹487 Cr 50,000,000 Hindalco Industries Limited
Debentures | -2% ₹350 Cr 35,000 Bharti Telecom Limited
Debentures | -2% ₹325 Cr 3,250 Shriram Finance Limited
Debentures | -2% ₹275 Cr 2,750 Sikka Ports & Terminals Limited
Debentures | -2% ₹252 Cr 2,520 Reliance Industries Limited
Debentures | -2% ₹251 Cr 2,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹250 Cr 2,500 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -2% ₹250 Cr 2,500 5. Kotak Savings Fund
CAGR/Annualized
return of 7.2% since its launch. Ranked 44 in Ultrashort Bond
category. Return for 2022 was 4.5% , 2021 was 3.2% and 2020 was 5.8% . Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (26 May 23) ₹37.1208 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹10,606 on 30 Apr 23 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.44 Sharpe Ratio -1.06 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.54% Effective Maturity 9 Months 18 Days Modified Duration 6 Months 25 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,787 30 Apr 20 ₹11,559 30 Apr 21 ₹12,122 30 Apr 22 ₹12,538 30 Apr 23 ₹13,229 Returns for Kotak Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 May 23 Duration Returns 1 Month 0.6% 3 Month 1.9% 6 Month 3.5% 1 Year 6.1% 3 Year 4.5% 5 Year 5.8% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.5% 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% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 15.05 Yr. Vihag Mishra 30 Apr 22 1 Yr. Manu Sharma 1 Nov 22 0.5 Yr. Data below for Kotak Savings Fund as on 30 Apr 23
Asset Allocation
Asset Class Value Cash 61.16% Debt 38.84% Debt Sector Allocation
Sector Value Government 37.68% Corporate 37.01% Cash Equivalent 25.31% Credit Quality
Rating Value AA 11.04% AAA 88.96% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 07092023
Sovereign Bonds | -9% ₹1,121 Cr 114,500,010 182 DTB 14092023
Sovereign Bonds | -7% ₹880 Cr 90,000,010 6.75% Govt Stock 2024
Sovereign Bonds | -3% ₹389 Cr 39,000,000
↓ -1,000,000 Mahindra & Mahindra Financial Services Ltd
Debentures | -3% ₹349 Cr 3,500 Shriram Finance Limited
Debentures | -2% ₹245 Cr 2,450 182 DTB 10082023
Sovereign Bonds | -2% ₹226 Cr 23,000,000 Bajaj Finance Limited
Debentures | -2% ₹225 Cr 2,250 Rural Electrification Corporation Limited
Debentures | -2% ₹209 Cr 2,100 The Tata Power Company Limited
Debentures | -2% ₹200 Cr 2,000 Housing Development Finance Corporation Ltd
Debentures | -1% ₹175 Cr 1,750
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.
Great alternative for FD - Fixed Deposit Investment. Nice article explains each fund very well.