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
- Aditya Birla Sun Life Savings Fund
- ICICI Prudential Ultra Short Term Fund
- Nippon India Ultra Short Duration Fund
- DSP BlackRock Money Manager Fund
- Kotak Savings Fund
- UTI Ultra Short Term Fund
- Principal Ultra Short Term Fund
- SBI Magnum Ultra Short Duration Fund
- Invesco India Ultra Short Term Fund
- BOI AXA Ultra Short Duration 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
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 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 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 "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 Kotak Treasury Advantage Fund) The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. Kotak Savings Fund is a Debt - Ultrashort Bond fund was launched on 13 Aug 04. It is a fund with Moderately Low risk and has given a Below is the key information for Kotak Savings Fund Returns up to 1 year are on (Erstwhile UTI - Floating Rate Fund - Short Term Plan) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on (Erstwhile 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 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 (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 BOI AXA Treasury Advantage Fund) The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments.
The Scheme is not providing any assured or guaranteed returns. Further, there is also no assurance that the investment objective of the Scheme will be achieved. BOI AXA Ultra Short Duration Fund is a Debt - Ultrashort Bond fund was launched on 16 Jul 08. It is a fund with Moderately Low risk and has given a Below is the key information for BOI AXA Ultra Short Duration Fund Returns up to 1 year are on 1. Aditya Birla Sun Life Savings Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 6 in Ultrashort Bond category. Return for 2024 was 7.9% , 2023 was 7.2% and 2022 was 4.8% . Aditya Birla Sun Life Savings Fund
Growth Launch Date 16 Apr 03 NAV (28 Mar 25) ₹537.018 ↑ 0.58 (0.11 %) Net Assets (Cr) ₹14,988 on 28 Feb 25 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.54 Sharpe Ratio 3.52 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.84% Effective Maturity 7 Months 20 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹10,626 28 Feb 22 ₹11,076 28 Feb 23 ₹11,643 29 Feb 24 ₹12,502 28 Feb 25 ₹13,466 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 Mar 25 Duration Returns 1 Month 0.7% 3 Month 2% 6 Month 3.9% 1 Year 7.8% 3 Year 6.9% 5 Year 6.2% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.9% 2022 7.2% 2021 4.8% 2020 3.9% 2019 7% 2018 8.5% 2017 7.6% 2016 7.2% 2015 9.2% 2014 8.9% Fund Manager information for Aditya Birla Sun Life Savings Fund
Name Since Tenure Sunaina Cunha 20 Jun 14 10.7 Yr. Kaustubh Gupta 15 Jul 11 13.64 Yr. Monika Gandhi 22 Mar 21 3.95 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 49.07% Debt 50.65% Other 0.28% Debt Sector Allocation
Sector Value Corporate 64.46% Cash Equivalent 31.98% Government 3.28% Credit Quality
Rating Value AA 32.68% AAA 67.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Housing Bank 7.83%
Debentures | -5% ₹820 Cr 82,000 Shriram Finance Company Limited
Debentures | -4% ₹603 Cr 60,000 Nirma Limited
Debentures | -3% ₹486 Cr 48,500 364 DTB
Sovereign Bonds | -3% ₹469 Cr 47,500,000 National Housing Bank
Debentures | -3% ₹400 Cr 40,000 Mankind Pharma Ltd
Debentures | -2% ₹305 Cr 30,500 Bajaj Housing Finance Ltd. 8%
Debentures | -2% ₹301 Cr 30,000 Avanse Financial Services Ltd 9.40%
Debentures | -2% ₹299 Cr 30,000 ICICI Home Finance Company Limited
Debentures | -2% ₹270 Cr 27,000 Sk Finance Ltd
Debentures | -2% ₹248 Cr 25,000 2. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2024 was 7.5% , 2023 was 6.9% and 2022 was 4.5% . ICICI Prudential Ultra Short Term Fund
Growth Launch Date 3 May 11 NAV (28 Mar 25) ₹27.161 ↑ 0.03 (0.11 %) Net Assets (Cr) ₹13,017 on 15 Mar 25 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 1.8 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 7.74% Effective Maturity 7 Months 6 Days Modified Duration 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹10,583 28 Feb 22 ₹11,012 28 Feb 23 ₹11,555 29 Feb 24 ₹12,385 28 Feb 25 ₹13,292 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 Mar 25 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.7% 1 Year 7.4% 3 Year 6.6% 5 Year 6% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.5% 2022 6.9% 2021 4.5% 2020 4% 2019 6.5% 2018 8.4% 2017 7.5% 2016 6.9% 2015 9.8% 2014 9.1% Fund Manager information for ICICI Prudential Ultra Short Term Fund
Name Since Tenure Manish Banthia 15 Nov 16 8.3 Yr. Ritesh Lunawat 15 Jun 17 7.72 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 15 Mar 25
Asset Allocation
Asset Class Value Cash 57.2% Debt 42.52% Other 0.28% Debt Sector Allocation
Sector Value Corporate 54.47% Cash Equivalent 34.55% Government 10.71% Credit Quality
Rating Value AA 19.83% AAA 80.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity LIC Housing Finance Limited
Debentures | -3% ₹435 Cr 4,350 364 DTB 13032025
Sovereign Bonds | -3% ₹398 Cr 40,000,000 Bharti Telecom Limited
Debentures | -2% ₹326 Cr 32,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹304 Cr 30,500 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹299 Cr 3,000 Small Industries Development Bank Of India
Debentures | -2% ₹299 Cr 3,000 LIC Housing Finance Limited
Debentures | -2% ₹275 Cr 2,750
↑ 500 Power Finance Corporation Limited
Debentures | -2% ₹225 Cr 2,250 Small Industries Development Bank Of India
Debentures | -2% ₹220 Cr 2,200
↓ -1,550 Oberoi Realty Ltd.
Debentures | -1% ₹200 Cr 20,000 3. Nippon India Ultra Short Duration Fund
CAGR/Annualized return of 6.1% since its launch. Ranked 62 in Ultrashort Bond category. Return for 2024 was 7.2% , 2023 was 6.7% and 2022 was 4.6% . Nippon India Ultra Short Duration Fund
Growth Launch Date 7 Dec 01 NAV (28 Mar 25) ₹3,954.3 ↑ 3.92 (0.10 %) Net Assets (Cr) ₹7,545 on 28 Feb 25 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.14 Sharpe Ratio 0.98 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.73% Effective Maturity 7 Months 1 Day Modified Duration 5 Months 4 Days Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹10,405 28 Feb 22 ₹11,229 28 Feb 23 ₹11,779 29 Feb 24 ₹12,593 28 Feb 25 ₹13,493 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 Mar 25 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.6% 1 Year 7.2% 3 Year 6.4% 5 Year 6.4% 10 Year 15 Year Since launch 6.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 6.7% 2021 4.6% 2020 7.8% 2019 4.9% 2018 0.9% 2017 7.3% 2016 5.8% 2015 6.8% 2014 7.6% Fund Manager information for Nippon India Ultra Short Duration Fund
Name Since Tenure Vivek Sharma 1 Oct 13 11.42 Yr. Kinjal Desai 25 May 18 6.77 Yr. Akshay Sharma 1 Dec 22 2.25 Yr. Data below for Nippon India Ultra Short Duration Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 61.67% Debt 38.06% Other 0.26% Debt Sector Allocation
Sector Value Corporate 45.76% Cash Equivalent 43.86% Government 10.11% Credit Quality
Rating Value AA 17.06% AAA 82.94% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -4% ₹309 Cr 3,100 182 DTB 12062025
Sovereign Bonds | -3% ₹240 Cr 24,500,000 PNb Housing Finance Limited
Debentures | -3% ₹225 Cr 22,500 Small Industries Development Bank Of India
Debentures | -3% ₹199 Cr 2,000 Indinfravit Trust
Debentures | -2% ₹187 Cr 19,500 Rec Limited
Debentures | -2% ₹182 Cr 1,850 HDFC Credila Financial Services Ltd
Debentures | -2% ₹166 Cr 16,500
↓ -1,500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹125 Cr 12,500
↑ 5,000 Rural Electrification Corporation Limited
Debentures | -2% ₹125 Cr 12,500
↑ 12,500 Small Industries Development Bank Of India
Debentures | -2% ₹124 Cr 12,500 4. DSP BlackRock Money Manager Fund
CAGR/Annualized return of 6.7% since its launch. Ranked 75 in Ultrashort Bond category. Return for 2024 was 6.9% , 2023 was 6.7% and 2022 was 4.1% . DSP BlackRock Money Manager Fund
Growth Launch Date 31 Jul 06 NAV (28 Mar 25) ₹3,345.74 ↑ 3.70 (0.11 %) Net Assets (Cr) ₹2,902 on 28 Feb 25 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio -0.17 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.64% Effective Maturity 5 Months 23 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹10,422 28 Feb 22 ₹10,741 28 Feb 23 ₹11,222 29 Feb 24 ₹11,995 28 Feb 25 ₹12,828 Returns for DSP BlackRock Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 0.8% 3 Month 2% 6 Month 3.7% 1 Year 7.1% 3 Year 6.3% 5 Year 5.2% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.9% 2022 6.7% 2021 4.1% 2020 2.9% 2019 4.7% 2018 7.3% 2017 5% 2016 6% 2015 7.5% 2014 7.9% Fund Manager information for DSP BlackRock Money Manager Fund
Name Since Tenure Karan Mundhra 31 May 21 3.75 Yr. Shalini Vasanta 1 Jan 25 0.16 Yr. Data below for DSP BlackRock Money Manager Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 58.88% Debt 40.85% Other 0.27% Debt Sector Allocation
Sector Value Corporate 52.96% Cash Equivalent 35.79% Government 10.98% Credit Quality
Rating Value AA 4.61% AAA 95.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity LIC Housing Finance Ltd
Debentures | -5% ₹156 Cr 1,500 91 DTB 10042025
Sovereign Bonds | -3% ₹99 Cr 10,000,000 Small Industries Development Bank Of India
Debentures | -3% ₹79 Cr 750
↓ -250 Small Industries Development Bank Of India
Debentures | -3% ₹78 Cr 750 182 DTB 01052025
Sovereign Bonds | -2% ₹74 Cr 7,500,000 182 DTB 31072025
Sovereign Bonds | -2% ₹63 Cr 6,500,000 Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹61 Cr 500
↑ 500 Power Finance Corporation Ltd.
Debentures | -2% ₹57 Cr 550 The Tata Power Company Limited
Debentures | -2% ₹54 Cr 500 National Housing Bank
Debentures | -2% ₹54 Cr 5,000 5. Kotak Savings Fund
CAGR/Annualized return of 7.2% since its launch. Ranked 44 in Ultrashort Bond category. Return for 2024 was 7.2% , 2023 was 6.8% and 2022 was 4.5% . Kotak Savings Fund
Growth Launch Date 13 Aug 04 NAV (28 Mar 25) ₹42.0732 ↑ 0.05 (0.11 %) Net Assets (Cr) ₹12,726 on 28 Feb 25 Category Debt - Ultrashort Bond AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.8 Sharpe Ratio 0.73 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.63% Effective Maturity 6 Months 7 Days Modified Duration 5 Months 23 Days Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹10,523 28 Feb 22 ₹10,883 28 Feb 23 ₹11,411 29 Feb 24 ₹12,212 28 Feb 25 ₹13,079 Returns for Kotak Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.6% 1 Year 7.2% 3 Year 6.5% 5 Year 5.6% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 6.8% 2021 4.5% 2020 3.2% 2019 5.8% 2018 7.8% 2017 7.4% 2016 6.7% 2015 8.2% 2014 8.6% Fund Manager information for Kotak Savings Fund
Name Since Tenure Deepak Agrawal 15 Apr 08 16.89 Yr. Manu Sharma 1 Nov 22 2.33 Yr. Data below for Kotak Savings Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 66.43% Debt 33.27% Other 0.3% Debt Sector Allocation
Sector Value Corporate 51.29% Cash Equivalent 35.3% Government 13.11% Credit Quality
Rating Value AA 10.39% AAA 89.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 15052025
Sovereign Bonds | -4% ₹492 Cr 50,000,000 Rural Electrification Corporation Limited
Debentures | -4% ₹475 Cr 47,500
↑ 10,000 Mankind Pharma Ltd
Debentures | -2% ₹300 Cr 30,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹299 Cr 30,000
↑ 5,000 Nirma Limited 0.083%
Debentures | -2% ₹250 Cr 25,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹229 Cr 2,300 Bharti Telecom Limited
Debentures | -2% ₹226 Cr 2,250 08.49 Tn SDL 2026
Sovereign Bonds | -2% ₹204 Cr 20,080,000
↑ 20,080,000 182 DTB 08052025
Sovereign Bonds | -1% ₹182 Cr 18,500,000 INDIA UNIVERSAL TRUST AL1
Unlisted bonds | -1% ₹177 Cr 220 6. UTI Ultra Short Term Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 27 in Ultrashort Bond category. Return for 2024 was 7.2% , 2023 was 6.7% and 2022 was 4.2% . UTI Ultra Short Term Fund
Growth Launch Date 29 Aug 03 NAV (28 Mar 25) ₹4,162.16 ↑ 4.81 (0.12 %) Net Assets (Cr) ₹3,385 on 28 Feb 25 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.96 Sharpe Ratio 0.68 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.58% Effective Maturity 4 Months 22 Days Modified Duration 4 Months 14 Days Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹10,514 28 Feb 22 ₹11,160 28 Feb 23 ₹11,678 29 Feb 24 ₹12,492 28 Feb 25 ₹13,379 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.6% 1 Year 7.2% 3 Year 6.4% 5 Year 6.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.2% 2022 6.7% 2021 4.2% 2020 6.1% 2019 5.3% 2018 3.3% 2017 7% 2016 6.6% 2015 8.9% 2014 8.5% Fund Manager information for UTI Ultra Short Term Fund
Name Since Tenure Anurag Mittal 21 Jan 25 0.11 Yr. Data below for UTI Ultra Short Term Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 73.01% Debt 26.76% Other 0.24% Debt Sector Allocation
Sector Value Cash Equivalent 55.78% Corporate 41.82% Government 2.16% Credit Quality
Rating Value AA 18.92% AAA 81.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Housing Finance Limited
Debentures | -3% ₹100 Cr 1,000 Small Industries Development Bank Of India
Debentures | -2% ₹75 Cr 750 LIC Housing Finance Ltd
Debentures | -2% ₹75 Cr 750 Shriram Transport Finance Company Limited
Debentures | -1% ₹50 Cr 5,000 ICICI Home Finance Company Limited
Debentures | -1% ₹50 Cr 5,000 India Grid TRust
Debentures | -1% ₹50 Cr 500 HDFC Bank Limited
Debentures | -1% ₹50 Cr 5,000 Kotak Mahindra Prime Limited
Debentures | -1% ₹50 Cr 500 Avanse Financial Services Limited
Debentures | -1% ₹50 Cr 500 Can Fin Homes Limited
Debentures | -1% ₹50 Cr 500 7. Principal Ultra Short Term Fund
CAGR/Annualized return of 5.8% since its launch. Ranked 43 in Ultrashort Bond category. Return for 2024 was 6.4% , 2023 was 6.1% and 2022 was 3.7% . Principal Ultra Short Term Fund
Growth Launch Date 28 Dec 07 NAV (28 Mar 25) ₹2,641.28 ↑ 3.50 (0.13 %) Net Assets (Cr) ₹2,005 on 28 Feb 25 Category Debt - Ultrashort Bond AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆ Risk Moderately Low Expense Ratio 1.41 Sharpe Ratio -4.08 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 2,000 Exit Load NIL Yield to Maturity 7.54% Effective Maturity 6 Months 15 Days Modified Duration 6 Months 7 Days Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹10,354 28 Feb 22 ₹10,641 28 Feb 23 ₹11,077 29 Feb 24 ₹11,774 28 Feb 25 ₹12,522 Returns for Principal Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.2% 1 Year 6.4% 3 Year 5.7% 5 Year 4.7% 10 Year 15 Year Since launch 5.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.4% 2022 6.1% 2021 3.7% 2020 2.7% 2019 4.1% 2018 6.5% 2017 1.2% 2016 6.3% 2015 7.9% 2014 8.8% Fund Manager information for Principal Ultra Short Term Fund
Name Since Tenure Dwijendra Srivastava 16 May 22 2.79 Yr. Sandeep Agarwal 1 Jan 22 3.16 Yr. Data below for Principal Ultra Short Term Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 81.1% Debt 18.64% Other 0.26% Debt Sector Allocation
Sector Value Cash Equivalent 57.33% Corporate 37.16% Government 5.25% Credit Quality
Rating Value AA 13.06% AAA 86.94% Top Securities Holdings / Portfolio
Name Holding Value Quantity TATA Steel Limited
Debentures | -3% ₹75 Cr 750 Bharti Telecom Limited
Debentures | -3% ₹70 Cr 7,000 182 DTB 13032025
Sovereign Bonds | -3% ₹60 Cr 6,000,000 Rural Electrification Corporation Limited
Debentures | -3% ₹55 Cr 5,500 182 Days Tbill Red 23-05-2025
Sovereign Bonds | -2% ₹39 Cr 4,000,000 Shriram Finance Limited
Debentures | -1% ₹30 Cr 3,000 PNb Housing Finance Limited
Debentures | -1% ₹25 Cr 2,500 Cholamandalam Investment And Fin. Co. Ltd
Debentures | -1% ₹25 Cr 250,000 National Bank For Agriculture And Rural Development
Debentures | -1% ₹25 Cr 2,500 182 DTB 18102024
Sovereign Bonds | -1% ₹25 Cr 2,500,000 8. SBI Magnum Ultra Short Duration Fund
CAGR/Annualized return of 7.1% since its launch. Return for 2024 was 7.4% , 2023 was 7% and 2022 was 4.5% . SBI Magnum Ultra Short Duration Fund
Growth Launch Date 21 May 99 NAV (28 Mar 25) ₹5,862.4 ↑ 6.87 (0.12 %) Net Assets (Cr) ₹11,987 on 28 Feb 25 Category Debt - Ultrashort Bond AMC SBI Funds Management Private Limited Rating ☆☆☆ Risk Low Expense Ratio 0.54 Sharpe Ratio 2.38 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.53% Effective Maturity 8 Months 8 Days Modified Duration 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹10,531 28 Feb 22 ₹10,906 28 Feb 23 ₹11,432 29 Feb 24 ₹12,255 28 Feb 25 ₹13,152 Returns for SBI Magnum Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.7% 1 Year 7.4% 3 Year 6.6% 5 Year 5.7% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.4% 2022 7% 2021 4.5% 2020 3.4% 2019 5.9% 2018 8% 2017 7.9% 2016 6.6% 2015 7.7% 2014 8.3% Fund Manager information for SBI Magnum Ultra Short Duration Fund
Name Since Tenure Rajeev Radhakrishnan 27 Dec 24 0.18 Yr. Ardhendu Bhattacharya 1 Dec 23 1.25 Yr. Pradeep Kesavan 1 Dec 23 1.25 Yr. Data below for SBI Magnum Ultra Short Duration Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 51.33% Debt 48.39% Other 0.27% Debt Sector Allocation
Sector Value Corporate 40.95% Cash Equivalent 38.3% Government 20.48% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.3% Govt Stock 2028
Sovereign Bonds | -5% ₹593 Cr 59,000,000 182 DTB 31072025
Sovereign Bonds | -4% ₹486 Cr 50,000,000
↑ 50,000,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹421 Cr 4,250 Power Finance Corporation Limited
Debentures | -3% ₹384 Cr 3,850 INDIA UNIVERSAL TRUST AL2
Unlisted bonds | -3% ₹361 Cr 400 Hdb Financial Services Limited
Debentures | -3% ₹345 Cr 34,500 Citicorp Finance (India) Ltd.
Debentures | -2% ₹250 Cr 25,000
↑ 25,000 Rec Limited
Debentures | -2% ₹241 Cr 2,450 Tata Capital Housing Finance Limited
Debentures | -2% ₹220 Cr 2,200 08.18 HR UDAY 2025
Domestic Bonds | -2% ₹211 Cr 21,000,000 9. Invesco India Ultra Short Term Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 40 in Ultrashort Bond category. Return for 2024 was 7.5% , 2023 was 6.6% and 2022 was 4.1% . Invesco India Ultra Short Term Fund
Growth Launch Date 30 Dec 10 NAV (28 Mar 25) ₹2,647.5 ↑ 3.52 (0.13 %) Net Assets (Cr) ₹1,337 on 28 Feb 25 Category Debt - Ultrashort Bond AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderate Expense Ratio 0.74 Sharpe Ratio 1.38 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.5% Effective Maturity 5 Months 29 Days Modified Duration 5 Months 13 Days Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹10,461 28 Feb 22 ₹10,795 28 Feb 23 ₹11,280 29 Feb 24 ₹12,087 28 Feb 25 ₹12,953 Returns for Invesco India Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 0.7% 3 Month 2% 6 Month 3.7% 1 Year 7.3% 3 Year 6.4% 5 Year 5.4% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.5% 2022 6.6% 2021 4.1% 2020 3% 2019 5.1% 2018 7.6% 2017 7.3% 2016 7.1% 2015 9.1% 2014 8.3% Fund Manager information for Invesco India Ultra Short Term Fund
Name Since Tenure Krishna Cheemalapati 4 Jan 20 5.16 Yr. Vikas Garg 27 Jul 21 3.6 Yr. Data below for Invesco India Ultra Short Term Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 57.23% Debt 42.51% Other 0.26% Debt Sector Allocation
Sector Value Corporate 43.63% Cash Equivalent 43.11% Government 13.01% Credit Quality
Rating Value AA 17.05% AAA 82.95% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 DTB 18102024
Sovereign Bonds | -6% ₹85 Cr 8,500,000 Small Industries Development Bank Of India
Debentures | -3% ₹50 Cr 5,000,000
↑ 5,000,000 182 DTB 31072025
Sovereign Bonds | -3% ₹49 Cr 5,000,000 Cholamandalam Investment And Finance Company Limited
Debentures | -3% ₹40 Cr 4,000,000 Export Import Bank Of India
Debentures | -3% ₹40 Cr 4,000,000 Small Industries Development Bank Of India
Debentures | -2% ₹35 Cr 3,500,000
↑ 3,500,000 Ongc Petro Additions Limited
Debentures | -2% ₹30 Cr 3,000,000 364 DTB
Sovereign Bonds | -2% ₹30 Cr 3,000,000 Export Import Bank Of India
Debentures | -2% ₹30 Cr 3,000,000 Bharti Telecom Limited
Debentures | -2% ₹25 Cr 2,500,000 10. BOI AXA Ultra Short Duration Fund
CAGR/Annualized return of 7% since its launch. Ranked 9 in Ultrashort Bond category. Return for 2024 was 6.7% , 2023 was 6.2% and 2022 was 4.4% . BOI AXA Ultra Short Duration Fund
Growth Launch Date 16 Jul 08 NAV (28 Mar 25) ₹3,105.81 ↑ 3.85 (0.12 %) Net Assets (Cr) ₹157 on 28 Feb 25 Category Debt - Ultrashort Bond AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 1.29 Sharpe Ratio -1.99 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.46% Effective Maturity 5 Months 23 Days Modified Duration 5 Months 19 Days Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹10,446 28 Feb 22 ₹10,793 28 Feb 23 ₹11,306 29 Feb 24 ₹12,025 28 Feb 25 ₹12,826 Returns for BOI AXA Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 25 Duration Returns 1 Month 0.7% 3 Month 1.8% 6 Month 3.4% 1 Year 6.8% 3 Year 6% 5 Year 5.2% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.7% 2022 6.2% 2021 4.4% 2020 3.2% 2019 4.9% 2018 7.5% 2017 7.6% 2016 8% 2015 9.1% 2014 8.7% Fund Manager information for BOI AXA Ultra Short Duration Fund
Name Since Tenure Mithraem Bharucha 17 Aug 21 3.54 Yr. Data below for BOI AXA Ultra Short Duration Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 86.09% Debt 13.63% Other 0.28% Debt Sector Allocation
Sector Value Cash Equivalent 64.78% Corporate 21.66% Government 13.28% Credit Quality
Rating Value AA 6.25% AAA 93.75% Top Securities Holdings / Portfolio
Name Holding Value Quantity Godrej Industries Limited
Debentures | -6% ₹10 Cr 1,010,000
↑ 10,000 National Bank For Agriculture And Rural Development
Debentures | -6% ₹10 Cr 1,000,000 Power Finance Corporation Ltd.
Debentures | -6% ₹10 Cr 1,000,000 India (Republic of)
- | -6% ₹9 Cr 950,000 364 DTB 15012026
Sovereign Bonds | -1% ₹2 Cr 200,000 Corporate Debt Market Development Fund
Investment Fund | -0% ₹0 Cr 417 364 DTB 24072025
Sovereign Bonds | -0% ₹0 Cr 30,000 Bank Of Baroda
Certificate of Deposit | -10% ₹16 Cr 1,600,000 Icici Securities Limited (Earlier Icici Brokerage Services Limited)
Commercial Paper | -10% ₹16 Cr 1,600,000 Bharti Telecom Limited
Commercial Paper | -8% ₹13 Cr 1,400,000
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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