Fincash » Mutual Funds » Ultra Short Term Funds Vs Fixed Deposits
Table of Contents
- What are Ultra Short Term Funds?
- What are Fixed Deposits?
- Ultra Short Term Funds or Fixed Deposit: Which One is Better?
- 10 Best Performing Ultra Short Term Funds
Top 10 Debt - Ultrashort Bond Funds
- ICICI Prudential Ultra Short Term Fund
- Aditya Birla Sun Life Savings Fund
- UTI Ultra Short Term Fund
- Nippon India Ultra Short Duration Fund
- Kotak Savings Fund
- Invesco India Ultra Short Term Fund
- SBI Magnum Ultra Short Duration Fund
- DSP BlackRock Money Manager Fund
- Principal Ultra Short Term Fund
- Canara Robeco Ultra Short Term Fund
Ultra Short Term Funds V/s Fixed Deposits
Are you Confused where to invest money for short-term? Do you get confused while choosing between Ultra short term funds and Fixed Deposits? Don’t worry, your questions will be answered here. Ultra Short Term Funds is a Mutual Fund category that invests in fixed Income instruments having short maturity periods. Fixed Deposit or FD on the other hand, is an investment avenue in which people deposit a certain sum of money for a given timeframe and get it back on maturity along with interest. So, let us have a look at which one out of Ultra Short Term Funds and Fixed deposits is better to invest.
What are Ultra Short Term Funds?
Ultra Short Term Funds is a type of Debt fund. This scheme invests its corpus in Fixed Income instruments whose maturity tenure generally ranges between 91 days to 1 year. This scheme is considered a notch above Liquid Funds and people who are willing to take the marginally higher risk can choose to invest in Ultra Short Term Funds to earn more returns.
What are Fixed Deposits?
Fixed deposit or FD is a traditional source of investment where people need to keep a certain sum of money deposited for a particular tenure. This money invested earns interest. It can be chosen a good investment avenue for short-term as well as long-term tenure. The interest rate on FD is predetermined and its returns are taxable in the hands of investors.
Ultra Short Term Funds or Fixed Deposit: Which One is Better?
Since both the investment avenues have their own characteristics and features, let us check which investment avenue is the best based on various parameters.
Minimum Investment
The minimum investment in case of Fixed Deposits ranges between to₹1,000-₹10,000 depending on the Bank. However, in case of Ultra Short Term Funds, the minimum investment is ₹500 through SIP mode of investment and ₹1,000 through lumpsum mode of investment.
Interest Rate
With respect to the interest rate, FDs have a predetermined interest rate which does not change with the due course of time. However, in case of Ultra Short Term Funds, the returns are variable depending on the performance of the scheme. Currently, as per FY 2017-18, the FD rates Range between 6%-7% approximately if the investment is kept for one year. However, in case of Ultra Short Term Funds, the returns ranged approximately more than 7% if the investment is held for one year.
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Tenure
FDs can be used as an investment for both short and long-term tenures. This is because it is considered to be the traditional investment avenue. On the contrary, Ultra Short Term fund is generally, used for a short-term investment tenure. People who have excess funds in their Savings Account can choose to invest in this scheme to earn more. During the investment tenure, people cannot withdraw their funds from the fixed deposit. Even if they need to withdraw, they need to pay certain fixed charges to the bank. On the other hand, people Investing their money in Ultra Short Term Funds can withdraw their money easily as compared fixed deposits. In many of the schemes, investors need not pay any exit load during Redemption.
Risk-Appetite
FDs are considered to be risk-free investment avenue wherein; the deposits are considered to be safer. On the contrary, people choosing to invest in Ultra Short Term Funds are able to take a marginally higher level of risk to earn higher returns.
Liquidity
The liquidity in case of ultra short-term funds is higher as compared to fixed deposits. It is comparatively easier to withdraw money from these schemes as compared to a fixed deposit.
Taxation
The taxation rules for both ultra short-term funds and fixed deposits both are different. In case of interest earned on fixed deposit, the money is added to the investor’s income and is taxed as per the individual’s regular tax slab. However, the returns earned in case of the ultra short-term fund is taxable as per the debt funds. As per the rule, if the investment in the ultra short-term fund is held for more than three years then, long-term Capital gains is applicable while if the tenure is less than three years, then short-term capital gains is applicable. In case of long-term Capital Gain, it is taxed at 20% with indexation benefits and for short-term capital gains, it is added to income and taxed as per individual’s slab rate.
The table given below summarizes the comparison between Ultra Short Term Funds and fixed deposits.
| Parameters | Ultra Short Term Funds | Fixed Deposits |
|---|---|---|
| Returns | Varies as per the Scheme’s performance | Predetermined |
| Minimum Investment | Starts with ₹500 in SIP and ₹1,000 in Lumpsum | Ranges between ₹1,000-₹10,000 |
| Tenure | Generally used for short-term | Both Short and Long-term tenure |
| Risk | Marginally High | Low |
| Liquidity | High | Low |
| Taxation | Short-term: Taxed as per individual’s slab rates Long-term: Taxed at 20% and had taxation benefits | Taxed as per individual’s slab rates |
10 Best Performing Ultra Short Term Funds
(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 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 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 Invesco India Medium Term Bond Fund) The objective is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. Invesco India Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 30 Dec 10. It is a fund with Moderate risk and has given a Below is the key information for Invesco India Ultra Short Term 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 "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." DSP BlackRock Money Manager Fund is a Debt - Ultrashort Bond fund was launched on 31 Jul 06. It is a fund with Moderately Low risk and has given a Below is the key information for DSP BlackRock Money Manager Fund Returns up to 1 year are on (Erstwhile Principal Retail Money Manager Fund) To generate steady return by investing in debt and money market securities.
The portfolio will be predominantly invested in overnight repo, CBLO, floating rate instruments and other fixed income instruments. Principal Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 28 Dec 07. It is a fund with Moderately Low risk and has given a Below is the key information for Principal Ultra Short Term Fund Returns up to 1 year are on (Erstwhile Canara Robeco Treasury Advantage Fund) To generate income/capital appreciation through a low risk strategy by investment in Money Market Instruments (MMI). However, there can be no assurance that the investment objective of the scheme will be realized. Canara Robeco Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 14 Jul 08. It is a fund with Low risk and has given a Below is the key information for Canara Robeco Ultra Short Term Fund Returns up to 1 year are on 1. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2023 was 6.9% , 2022 was 4.5% and 2021 was 4% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (15 May 24) ₹25.537 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹12,180 on 31 Mar 24 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 0.66 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 8.02% Effective Maturity 5 Months 8 Days Modified Duration 4 Months 24 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,729 30 Apr 21 ₹11,409 30 Apr 22 ₹11,846 30 Apr 23 ₹12,517 30 Apr 24 ₹13,422 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3.7% 1 Year 7.2% 3 Year 5.6% 5 Year 6% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 14.8% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 7.38 Yr. Ritesh Lunawat 15 Jun 17 6.8 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 61.82% Debt 37.92% Other 0.26% Debt Sector Allocation
Sector Value Corporate 46.2% Cash Equivalent 42.12% Government 11.41% Credit Quality
Rating Value AA 16.53% AAA 83.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -3% ₹378 Cr 40,000,000 India (Republic of)
- | -3% ₹376 Cr 40,000,000 Bharti Telecom Limited
Debentures | -3% ₹341 Cr 34,000 LIC Housing Finance Ltd
Debentures | -2% ₹295 Cr 2,950 India (Republic of)
- | -2% ₹286 Cr 30,000,000 HDFC Bank Ltd.
Debentures | -2% ₹282 Cr 6,000 Indusind Bank Ltd.
Debentures | -2% ₹236 Cr 5,000 Indusind Bank Ltd.
Debentures | -2% ₹212 Cr 4,500 Mahindra Rural Housing Finance Limited
Debentures | -2% ₹200 Cr 2,000 Apollo Building Products Private Limited
Debentures | -2% ₹200 Cr 20,000 2. Aditya Birla Sun Life Savings Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 6 in Ultrashort Bond category. Return for 2023 was 7.2% , 2022 was 4.8% and 2021 was 3.9% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (15 May 24) ₹503.33 ↑ 0.09 (0.02 %) Net Assets (Cr) ₹10,748 on 31 Mar 24 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.52 Sharpe Ratio 1.48 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.95% Effective Maturity 6 Months 4 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,739 30 Apr 21 ₹11,439 30 Apr 22 ₹11,902 30 Apr 23 ₹12,581 30 Apr 24 ₹13,526 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.6% 3 Month 2% 6 Month 3.8% 1 Year 7.5% 3 Year 5.8% 5 Year 6.2% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 9.7% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 9.79 Yr. Kaustubh Gupta 15 Jul 11 12.72 Yr. Monika Gandhi 22 Mar 21 3.03 Yr. Dhaval Joshi 21 Nov 22 1.36 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 38.02% Debt 61.65% Other 0.32% Debt Sector Allocation
Sector Value Corporate 63.67% Cash Equivalent 21.04% Government 14.84% Securitized 0.12% Credit Quality
Rating Value AA 29.33% AAA 70.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Limited
Debentures | -5% ₹598 Cr 6,000 Nirma Limited
Debentures | -4% ₹500 Cr 50,000 Tata Realty And Infrastructure Limited
Debentures | -3% ₹361 Cr 36,000 Bharti Telecom Limited
Debentures | -3% ₹325 Cr 3,250 Small Industries Development Bank of India 7.68%
Debentures | -3% ₹325 Cr 32,500
↑ 32,500 Bajaj Housing Finance Ltd. 8%
Debentures | -3% ₹300 Cr 30,000 Nirma Limited 8.3%
Debentures | -2% ₹250 Cr 25,000 Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹249 Cr 2,500 HDFC Bank Limited
Debentures | -2% ₹244 Cr 2,450 National Bank For Agriculture And Rural Development
Debentures | -2% ₹244 Cr 2,500 3. UTI Ultra Short Term Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2023 was 6.7% , 2022 was 4.2% and 2021 was 6.1% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (15 May 24) ₹3,918.97 ↑ 0.68 (0.02 %) Net Assets (Cr) ₹2,093 on 31 Mar 24 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio -0.28 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.91% Effective Maturity 6 Months 13 Days Modified Duration 6 Months 1 Day Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,255 30 Apr 21 ₹10,735 30 Apr 22 ₹11,394 30 Apr 23 ₹12,000 30 Apr 24 ₹12,836 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.5% 3 Month 1.8% 6 Month 3.5% 1 Year 7% 3 Year 6.2% 5 Year 5.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 8.8% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Ritesh Nambiar 1 Jul 15 8.76 Yr. Data below for UTI Ultra Short Term Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 65.67% Debt 34.11% Other 0.22% Debt Sector Allocation
Sector Value Corporate 56.2% Cash Equivalent 40.36% Government 3.22% Credit Quality
Rating Value AA 19.59% AAA 80.41% Top Securities Holdings / Portfolio
Name Holding Value Quantity Ongc Petro Additions Limited
Debentures | -2% ₹50 Cr 5,000 LIC Housing Finance Ltd
Debentures | -2% ₹50 Cr 500 ICICI Bank Ltd.
Debentures | -2% ₹47 Cr 500,000,000 ICICI Bank Ltd.
Debentures | -2% ₹47 Cr 500,000,000
↑ 500,000,000 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹47 Cr 500,000,000
↑ 500,000,000 Jamnagar Utilities & Power Private Limited
Debentures | -2% ₹40 Cr 400 Aditya Birla Fashion And Retail Limited
Debentures | -2% ₹40 Cr 400 Axis Finance Limited
Debentures | -1% ₹29 Cr 250 Power Finance Corporation Limited
Debentures | -1% ₹25 Cr 250 India Grid TRust
Debentures | -1% ₹25 Cr 250 4. Nippon India Ultra Short Duration Fund
CAGR/Annualized return of 6% since its launch. Ranked 62 in Ultrashort Bond category. Return for 2023 was 6.7% , 2022 was 4.6% and 2021 was 7.8% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (15 May 24) ₹3,722.23 ↑ 0.64 (0.02 %) Net Assets (Cr) ₹4,332 on 31 Mar 24 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.17 Sharpe Ratio -0.34 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.89% Effective Maturity 5 Months 25 Days Modified Duration 5 Months 7 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,044 30 Apr 21 ₹10,589 30 Apr 22 ₹11,393 30 Apr 23 ₹12,019 30 Apr 24 ₹12,854 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3.5% 1 Year 7% 3 Year 6.7% 5 Year 5.1% 10 Year 15 Year Since launch 6% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 8.4% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 10.51 Yr. Kinjal Desai 25 May 18 5.86 Yr. Akshay Sharma 1 Dec 22 1.33 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 47.75% Debt 52% Other 0.25% Debt Sector Allocation
Sector Value Corporate 56.71% Cash Equivalent 23.16% Government 19.88% Credit Quality
Rating Value AA 16.26% AAA 83.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -9% ₹486 Cr 50,000,000 182 DTB 22082024
Sovereign Bonds | -5% ₹288 Cr 29,500,000
↑ 19,500,000 Power Finance Corporation Limited
Debentures | -4% ₹216 Cr 2,150
↑ 1,150 Indinfravit Trust
Debentures | -4% ₹215 Cr 22,000 Punjab National Bank
Domestic Bonds | -4% ₹198 Cr 4,000 Canara Bank
Domestic Bonds | -4% ₹198 Cr 4,000
↓ -1,500 Dlf Cyber City Developers Ltd
Debentures | -2% ₹138 Cr 1,390 Hdb Financial Services Limited
Debentures | -2% ₹118 Cr 1,000 Jamnagar Utilities & Power Private Limited
Debentures | -2% ₹116 Cr 1,150
↑ 500 India (Republic of)
- | -2% ₹102 Cr 10,500,000
↑ 10,500,000 5. Kotak Savings Fund
CAGR/Annualized return of 7.2% since its launch. Ranked 44 in Ultrashort Bond category. Return for 2023 was 6.8% , 2022 was 4.5% and 2021 was 3.2% . Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (15 May 24) ₹39.609 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹12,372 on 31 Mar 24 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.47 Sharpe Ratio -0.08 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.8% Effective Maturity 8 Months 8 Days Modified Duration 6 Months 4 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,716 30 Apr 21 ₹11,238 30 Apr 22 ₹11,624 30 Apr 23 ₹12,264 30 Apr 24 ₹13,122 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.5% 3 Month 1.9% 6 Month 3.5% 1 Year 7% 3 Year 5.4% 5 Year 5.6% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.8% 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% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 15.97 Yr. Manu Sharma 1 Nov 22 1.42 Yr. Palha Khanna 3 Jul 23 0.75 Yr. Data below for Kotak Savings Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 46.6% Debt 53.18% Other 0.21% Debt Sector Allocation
Sector Value Corporate 59.27% Government 20.55% Cash Equivalent 19.96% Credit Quality
Rating Value AA 9.78% AAA 90.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -4% ₹584 Cr 60,000,010
↑ 20,000,000 Union Bank of India
Domestic Bonds | -3% ₹470 Cr 50,000 Rural Electrification Corporation Limited
Debentures | -3% ₹459 Cr 4,600 182 DTB 22082024
Sovereign Bonds | -3% ₹439 Cr 45,000,000 India (Republic of)
- | -3% ₹389 Cr 40,000,000 India (Republic of)
- | -3% ₹378 Cr 40,000,000 Mahindra And Mahindra Financial Services Limited
Debentures | -2% ₹350 Cr 3,500 Canara Bank
Domestic Bonds | -2% ₹344 Cr 35,000
↑ 35,000 Nirma Limited 0.083%
Debentures | -2% ₹250 Cr 25,000 182 DTB 29082024
Sovereign Bonds | -2% ₹244 Cr 25,000,000 6. Invesco India Ultra Short Term Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 40 in Ultrashort Bond category. Return for 2023 was 6.6% , 2022 was 4.1% and 2021 was 3% . Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (15 May 24) ₹2,490.19 ↑ 0.46 (0.02 %) Net Assets (Cr) ₹614 on 31 Mar 24 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.89 Sharpe Ratio 0.33 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.74% Effective Maturity 5 Months 24 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,686 30 Apr 21 ₹11,139 30 Apr 22 ₹11,489 30 Apr 23 ₹12,086 30 Apr 24 ₹12,949 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.5% 3 Month 2% 6 Month 3.8% 1 Year 7.2% 3 Year 5.2% 5 Year 5.3% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.6% 2022 4.1% 2021 3% 2020 5.1% 2019 7.6% 2018 7.3% 2017 7.1% 2016 9.1% 2015 8.3% 2014 10.1% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 4.24 Yr. Vikas Garg 27 Jul 21 2.68 Yr. Data below for Invesco India Ultra Short Term Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 43.51% Debt 56.14% Other 0.35% Debt Sector Allocation
Sector Value Corporate 65.04% Government 20.25% Cash Equivalent 14.36% Credit Quality
Rating Value AA 20.39% AAA 79.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity India (Republic of)
- | -6% ₹34 Cr 3,500,000 Power Grid Corporation Of India Limited
Debentures | -4% ₹25 Cr 2,500,000 Jamnagar Utilities & Power Private Limited
Debentures | -4% ₹25 Cr 2,500,000 National Bank For Agriculture And Rural Development
Debentures | -4% ₹25 Cr 2,500,000 182 DTB 22082024
Sovereign Bonds | -4% ₹24 Cr 2,500,000 Kotak Mahindra Bank Ltd.
Debentures | -4% ₹24 Cr 2,500,000 Bharti Hexacom Limited
Debentures | -3% ₹20 Cr 2,000,000 LIC Housing Finance Ltd
Debentures | -3% ₹20 Cr 2,000,000 PNb Housing Finance Limited
Debentures | -3% ₹15 Cr 1,500,000 The Tata Power Company Limited
Debentures | -3% ₹15 Cr 1,500,000 7. SBI Magnum Ultra Short Duration Fund
CAGR/Annualized return of 7.1% since its launch. Return for 2023 was 7% , 2022 was 4.5% and 2021 was 3.4% . SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (15 May 24) ₹5,509.26 ↑ 0.98 (0.02 %) Net Assets (Cr) ₹9,018 on 31 Mar 24 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.49 Sharpe Ratio 0.77 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.68% Effective Maturity 5 Months 8 Days Modified Duration 4 Months 28 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,734 30 Apr 21 ₹11,262 30 Apr 22 ₹11,657 30 Apr 23 ₹12,301 30 Apr 24 ₹13,186 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.6% 3 Month 1.9% 6 Month 3.6% 1 Year 7.2% 3 Year 5.5% 5 Year 5.7% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7% 2022 4.5% 2021 3.4% 2020 5.9% 2019 8% 2018 7.9% 2017 6.6% 2016 7.7% 2015 8.3% 2014 9% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Arun R. 1 Jun 21 2.84 Yr. Ardhendu Bhattacharya 1 Dec 23 0.33 Yr. Pradeep Kesavan 1 Dec 23 0.33 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 67.4% Debt 32.31% Other 0.29% Debt Sector Allocation
Sector Value Corporate 56.18% Cash Equivalent 36.75% Government 6.78% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 91 DTB 25042024
Sovereign Bonds | -7% ₹649 Cr 65,000,000 Tata Teleservices Ltd
Debentures | -4% ₹382 Cr 8,000 Panatone Finvest Ltd
Debentures | -3% ₹283 Cr 6,000 Kotak Mahindra Bank Ltd.
Debentures | -3% ₹266 Cr 5,500 Rural Electrification Corporation Limited
Debentures | -3% ₹259 Cr 2,600 182 DTB 06062024
Sovereign Bonds | -3% ₹248 Cr 25,000,000
↓ -35,000,000 LIC Housing Finance Ltd
Debentures | -3% ₹247 Cr 2,500
↑ 2,500 RBL Bank Ltd.
Debentures | -2% ₹238 Cr 5,000 Equitas Small Finance Bank Ltd.
Debentures | -2% ₹238 Cr 5,000 Power Finance Corporation Limited
Debentures | -2% ₹209 Cr 2,100
↑ 2,100 8. DSP BlackRock Money Manager Fund
CAGR/Annualized return of 6.7% since its launch. Ranked 75 in Ultrashort Bond category. Return for 2023 was 6.7% , 2022 was 4.1% and 2021 was 2.9% . DSP BlackRock Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (15 May 24) ₹3,149.9 ↑ 0.56 (0.02 %) Net Assets (Cr) ₹2,228 on 31 Mar 24 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio -1.1 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.63% Effective Maturity 5 Months 26 Days Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,670 30 Apr 21 ₹11,080 30 Apr 22 ₹11,415 30 Apr 23 ₹12,004 30 Apr 24 ₹12,829 Returns for DSP BlackRock Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.5% 3 Month 1.8% 6 Month 3.4% 1 Year 6.9% 3 Year 5.1% 5 Year 5.1% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 8.8% Fund Manager information for DSP BlackRock Money Manager Fund
Name Since Tenure Kedar Karnik 17 Jul 16 7.71 Yr. Karan Mundhra 31 May 21 2.84 Yr. Data below for DSP BlackRock Money Manager Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 76.21% Debt 23.52% Other 0.28% Debt Sector Allocation
Sector Value Corporate 59.25% Cash Equivalent 31.16% Government 9.32% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.35% Govt Stock 2024
Sovereign Bonds | -3% ₹80 Cr 7,800,000 182 DTB 25072024
Sovereign Bonds | -3% ₹74 Cr 7,500,000 Bank of Baroda
Debentures | -3% ₹70 Cr 1,500
↑ 1,000 Bajaj Housing Finance Limited
Debentures | -2% ₹53 Cr 500 LIC Housing Finance Ltd
Debentures | -2% ₹52 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹52 Cr 500 Kisetsu Saison Finance (India) Pvt Ltd.
Debentures | -2% ₹49 Cr 1,000
↑ 1,000 182 DTB 18072024
Sovereign Bonds | -2% ₹49 Cr 5,000,000 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹48 Cr 1,000 Punjab National Bank
Domestic Bonds | -2% ₹47 Cr 1,000 9. Principal Ultra Short Term Fund
CAGR/Annualized return of 5.8% since its launch. Ranked 43 in Ultrashort Bond category. Return for 2023 was 6.1% , 2022 was 3.7% and 2021 was 2.7% . Principal Ultra Short Term Fund
Growth Launch Date 28 Dec 07 NAV (15 May 24) ₹2,501.83 ↑ 0.45 (0.02 %) Net Assets (Cr) ₹1,909 on 15 Mar 24 Category Debt - Ultrashort Bond AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.39 Sharpe Ratio -5.24 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,000 Exit Load NIL Yield to Maturity 7.61% Effective Maturity 5 Months 18 Days Modified Duration 5 Months 14 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,573 30 Apr 21 ₹10,932 30 Apr 22 ₹11,225 30 Apr 23 ₹11,770 30 Apr 24 ₹12,502 Returns for Principal Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 3.2% 1 Year 6.2% 3 Year 4.6% 5 Year 4.6% 10 Year 15 Year Since launch 5.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.1% 2022 3.7% 2021 2.7% 2020 4.1% 2019 6.5% 2018 1.2% 2017 6.3% 2016 7.9% 2015 8.8% 2014 9.4% Fund Manager information for Principal Ultra Short Term Fund
Name Since Tenure Dwijendra Srivastava 16 May 22 1.88 Yr. Sandeep Agarwal 1 Jan 22 2.25 Yr. Data below for Principal Ultra Short Term Fund as on 15 Mar 24
Asset Allocation
Asset Class Value Cash 77.72% Debt 22.06% Other 0.22% Debt Sector Allocation
Sector Value Corporate 47.6% Cash Equivalent 41.72% Government 10.47% Credit Quality
Rating Value AA 4.89% AAA 95.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 29082024
Sovereign Bonds | -5% ₹97 Cr 10,000,000 Bharti Telecom Limited
Debentures | -2% ₹50 Cr 5,000 Canara Bank
Domestic Bonds | -2% ₹49 Cr 1,000 Punjab National Bank
Domestic Bonds | -2% ₹47 Cr 1,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹40 Cr 400
↑ 400 Union Bank of India
Domestic Bonds | -2% ₹38 Cr 800 IDFC First Bank Ltd.
Debentures | -1% ₹31 Cr 660 LIC Housing Finance Ltd
Debentures | -1% ₹30 Cr 300 ICICI Bank Ltd.
Debentures | -1% ₹28 Cr 600 HDFC Bank Ltd.
Debentures | -1% ₹28 Cr 600 10. Canara Robeco Ultra Short Term Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 72 in Ultrashort Bond category. Return for 2023 was 6.4% , 2022 was 3.9% and 2021 was 2.6% . Canara Robeco Ultra Short Term Fund
Growth Launch Date 14 Jul 08 NAV (15 May 24) ₹3,521.65 ↑ 0.66 (0.02 %) Net Assets (Cr) ₹460 on 31 Mar 24 Category Debt - Ultrashort Bond AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆ Risk Low Expense Ratio 0.95 Sharpe Ratio -2.44 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.58% Effective Maturity 5 Months 8 Days Modified Duration 4 Months 27 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 19 ₹10,000 30 Apr 20 ₹10,610 30 Apr 21 ₹11,002 30 Apr 22 ₹11,308 30 Apr 23 ₹11,876 30 Apr 24 ₹12,654 Returns for Canara Robeco Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 May 24 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 3.3% 1 Year 6.6% 3 Year 4.8% 5 Year 4.8% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.4% 2022 3.9% 2021 2.6% 2020 4.5% 2019 6.6% 2018 6.1% 2017 5.7% 2016 7.3% 2015 8.4% 2014 9.3% Fund Manager information for Canara Robeco Ultra Short Term Fund
Name Since Tenure Suman Prasad 12 Apr 11 12.98 Yr. Avnish Jain 1 Apr 22 2 Yr. Data below for Canara Robeco Ultra Short Term Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 67.67% Debt 32.06% Other 0.27% Debt Sector Allocation
Sector Value Corporate 47.33% Cash Equivalent 42.07% Government 10.33% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -5% ₹30 Cr 300 Power Grid Corporation Of India Limited
Debentures | -4% ₹25 Cr 250 Sundaram Finance Limited
Debentures | -4% ₹25 Cr 250 Hdb Financial Services Limited
Debentures | -4% ₹25 Cr 250 182 DTB 09052024
Sovereign Bonds | -4% ₹25 Cr 2,500,000
↑ 2,500,000 Power Finance Corporation Limited
Debentures | -4% ₹25 Cr 250 National Housing Bank
Debentures | -4% ₹25 Cr 250
↑ 250 Kotak Mahindra Prime Limited
Debentures | -4% ₹25 Cr 250 LIC Housing Finance Ltd
Debentures | -4% ₹25 Cr 250 India (Republic of)
- | -4% ₹24 Cr 2,500,000
↑ 2,500,000
Thus, from the above-given parameters, we can conclude that Ultra Short Term Funds are a better option as compared to fixed deposits.
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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