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 (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity BOI AXA Liquid Fund Growth ₹2,899.44
↑ 0.56 ₹1,657 0.6 1.7 3.6 7.4 7 7.05% 1M 24D 1M 24D LIC MF Liquid Fund Growth ₹4,555.24
↑ 0.86 ₹10,650 0.5 1.7 3.5 7.4 7 7.02% 1M 6D 1M 6D Axis Liquid Fund Growth ₹2,803.23
↑ 0.54 ₹34,674 0.6 1.7 3.5 7.4 7.1 7.06% 1M 10D 1M 11D Invesco India Liquid Fund Growth ₹3,461.39
↑ 0.66 ₹14,858 0.5 1.7 3.5 7.4 7 7.07% 1M 21D 1M 21D DSP BlackRock Liquidity Fund Growth ₹3,595.44
↑ 0.69 ₹22,864 0.6 1.7 3.5 7.4 7 7.07% 1M 2D 1M 6D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Dec 24
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Savings Fund Growth ₹526.161
↑ 0.14 ₹15,890 2 3.8 7.8 6.6 7.2 7.61% 5M 8D 7M 17D ICICI Prudential Ultra Short Term Fund Growth ₹26.6237
↑ 0.00 ₹13,935 1.8 3.5 7.5 6.3 6.9 7.6% 4M 28D 5M 16D Invesco India Ultra Short Term Fund Growth ₹2,593.41
↑ 0.43 ₹1,764 1.7 3.4 7.4 6 6.6 7.37% 5M 1D 5M 13D SBI Magnum Ultra Short Duration Fund Growth ₹5,744.82
↑ 0.72 ₹12,885 1.7 3.6 7.4 6.2 7 7.43% 5M 1D 10M 6D Kotak Savings Fund Growth ₹41.2587
↑ 0.01 ₹13,450 1.7 3.5 7.2 6.1 6.8 7.36% 5M 1D 5M 12D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Dec 24
*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 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 UTI - Floating Rate Fund - Short Term Plan) To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. UTI Ultra Short Term Fund is a Debt - Ultrashort Bond fund was launched on 29 Aug 03. It is a fund with Moderately Low risk and has given a Below is the key information for UTI Ultra Short Term Fund Returns up to 1 year are on "The primary 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 1. Nippon India Ultra Short Duration Fund
CAGR/Annualized
return of 6.1% 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 (20 Dec 24) ₹3,877.08 ↑ 0.36 (0.01 %) Net Assets (Cr) ₹7,603 on 30 Nov 24 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.14 Sharpe Ratio 0.85 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.72% Effective Maturity 6 Months 9 Days Modified Duration 5 Months 7 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,511 30 Nov 21 ₹11,330 30 Nov 22 ₹11,831 30 Nov 23 ₹12,621 30 Nov 24 ₹13,528 Returns for Nippon India Ultra Short Duration Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 20 Dec 24 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 3.5% 1 Year 7.2% 3 Year 6.1% 5 Year 6.2% 10 Year 15 Year Since launch 6.1% 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 11.18 Yr. Kinjal Desai 25 May 18 6.53 Yr. Akshay Sharma 1 Dec 22 2 Yr. Data below for Nippon India Ultra Short Duration Fund as on 30 Nov 24
Asset Allocation
Asset Class Value Cash 68.32% Debt 31.48% Other 0.2% Debt Sector Allocation
Sector Value Cash Equivalent 51.11% Corporate 45.09% Government 3.61% Credit Quality
Rating Value AA 14.28% AAA 85.72% Top Securities Holdings / Portfolio
Name Holding Value Quantity 191 DTB 12/12/2024
Sovereign Bonds | -4% ₹349 Cr 35,000,000 182 D Tbill Mat - 14/02/2025
Sovereign Bonds | -4% ₹286 Cr 29,000,000 PNb Housing Finance Limited
Debentures | -3% ₹225 Cr 22,500 Can Fin Homes Limited
Debentures | -3% ₹199 Cr 2,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹199 Cr 2,000 Small Industries Development Bank Of India
Debentures | -3% ₹199 Cr 2,000
↑ 1,000 Indinfravit Trust
Debentures | -2% ₹189 Cr 19,500 Rec Limited
Debentures | -2% ₹182 Cr 1,850 HDFC Credila Financial Services Ltd
Debentures | -1% ₹100 Cr 10,000 Piramal Capital & Housing Finance Ltd
Debentures | -1% ₹100 Cr 10,000 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 (20 Dec 24) ₹526.161 ↑ 0.14 (0.03 %) Net Assets (Cr) ₹15,890 on 15 Dec 24 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.54 Sharpe Ratio 3.32 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.61% Effective Maturity 7 Months 17 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,719 30 Nov 21 ₹11,139 30 Nov 22 ₹11,639 30 Nov 23 ₹12,472 30 Nov 24 ₹13,436 Returns for Aditya Birla Sun Life Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 20 Dec 24 Duration Returns 1 Month 0.6% 3 Month 2% 6 Month 3.8% 1 Year 7.8% 3 Year 6.6% 5 Year 6.1% 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 10.46 Yr. Kaustubh Gupta 15 Jul 11 13.39 Yr. Monika Gandhi 22 Mar 21 3.7 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 15 Dec 24
Asset Allocation
Asset Class Value Cash 44.4% Debt 55.34% Other 0.25% Debt Sector Allocation
Sector Value Corporate 53.84% Cash Equivalent 39.09% Government 6.82% Credit Quality
Rating Value AA 35.54% AAA 64.46% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Housing Bank 7.83%
Debentures | -5% ₹821 Cr 82,000 Aditya BSL Liquid Dir Gr
Investment Fund | -5% ₹751 Cr 18,413,893
↑ 18,413,893 Shriram Finance Company Limited
Debentures | -4% ₹602 Cr 60,000 Nirma Limited
Debentures | -3% ₹487 Cr 48,500
↓ -1,500 National Housing Bank
Debentures | -3% ₹400 Cr 40,000 Tata Realty And Infrastructure Limited
Debentures | -2% ₹360 Cr 36,000 Rural Electrification Corporation Limited
Debentures | -2% ₹326 Cr 32,500 Bharti Telecom Limited
Debentures | -2% ₹325 Cr 3,250 7.3% Govt Stock 2028
Sovereign Bonds | -2% ₹317 Cr 31,500,000 Bajaj Housing Finance Ltd. 8%
Debentures | -2% ₹301 Cr 30,000 3. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized
return of 7.4% 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 (20 Dec 24) ₹26.6237 ↑ 0.00 (0.01 %) Net Assets (Cr) ₹13,935 on 15 Dec 24 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 1.92 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 7.6% Effective Maturity 5 Months 16 Days Modified Duration 4 Months 28 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,677 30 Nov 21 ₹11,105 30 Nov 22 ₹11,583 30 Nov 23 ₹12,385 30 Nov 24 ₹13,303 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 20 Dec 24 Duration Returns 1 Month 0.5% 3 Month 1.8% 6 Month 3.5% 1 Year 7.5% 3 Year 6.3% 5 Year 5.9% 10 Year 15 Year Since launch 7.4% 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 8.05 Yr. Ritesh Lunawat 15 Jun 17 7.47 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 15 Dec 24
Asset Allocation
Asset Class Value Cash 59.36% Debt 40.4% Other 0.24% Debt Sector Allocation
Sector Value Corporate 49.72% Cash Equivalent 40.03% Government 9.31% Securitized 0.71% Credit Quality
Rating Value AA 16.21% AAA 83.79% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 Days T - Bill- 06/02/2025
Sovereign Bonds | -3% ₹394 Cr 40,000,000 364 DTB 13032025
Sovereign Bonds | -3% ₹392 Cr 40,000,000 LIC Housing Finance Limited
Debentures | -3% ₹385 Cr 3,850 Small Industries Development Bank Of India
Debentures | -3% ₹373 Cr 3,750 Bharti Telecom Limited
Debentures | -2% ₹326 Cr 32,500 India (Republic of)
- | -2% ₹298 Cr 30,000,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹298 Cr 3,000 Rural Electrification Corporation Limited
Debentures | -2% ₹235 Cr 2,350 LIC Housing Finance Limited
Debentures | -2% ₹225 Cr 2,250
↑ 2,250 Oberoi Realty Ltd.
Debentures | -1% ₹200 Cr 20,000 4. 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 (20 Dec 24) ₹4,081.94 ↑ 0.66 (0.02 %) Net Assets (Cr) ₹3,039 on 30 Nov 24 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.96 Sharpe Ratio 0.85 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.59% Effective Maturity 5 Months 9 Days Modified Duration 4 Months 28 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,540 30 Nov 21 ₹11,193 30 Nov 22 ₹11,633 30 Nov 23 ₹12,417 30 Nov 24 ₹13,308 Returns for UTI Ultra Short Term Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 20 Dec 24 Duration Returns 1 Month 0.5% 3 Month 1.7% 6 Month 3.5% 1 Year 7.2% 3 Year 6% 5 Year 5.9% 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 9.43 Yr. Data below for UTI Ultra Short Term Fund as on 30 Nov 24
Asset Allocation
Asset Class Value Cash 67.71% Debt 32.09% Other 0.19% Debt Sector Allocation
Sector Value Cash Equivalent 54.4% Corporate 43.77% Government 1.63% Credit Quality
Rating Value AA 21.4% AAA 78.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -5% ₹149 Cr 1,500 Bajaj Housing Finance Limited
Debentures | -3% ₹100 Cr 1,000 HDFC Bank Limited
Debentures | -2% ₹75 Cr 7,500 Shriram Transport Finance Company Limited
Debentures | -2% ₹50 Cr 5,000 ICICI Home Finance Company Limited
Debentures | -2% ₹50 Cr 5,000 Kotak Mahindra Prime Limited
Debentures | -2% ₹50 Cr 500
↑ 500 Hdb Financial Services Limited
Debentures | -2% ₹50 Cr 500 India Grid TRust
Debentures | -2% ₹50 Cr 500 Can Fin Homes Limited
Debentures | -2% ₹50 Cr 500 Can Fin Homes Limited
Debentures | -2% ₹50 Cr 500 5. 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 (20 Dec 24) ₹3,276.22 ↑ 0.46 (0.01 %) Net Assets (Cr) ₹3,062 on 30 Nov 24 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio -0.67 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.47% Effective Maturity 5 Months 16 Days Modified Duration 5 Months 1 Day Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,485 30 Nov 21 ₹10,784 30 Nov 22 ₹11,195 30 Nov 23 ₹11,944 30 Nov 24 ₹12,770 Returns for DSP BlackRock Money Manager Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 20 Dec 24 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.3% 1 Year 6.9% 3 Year 5.9% 5 Year 5% 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 Laukik Bagwe 1 Aug 24 0.33 Yr. Karan Mundhra 31 May 21 3.51 Yr. Data below for DSP BlackRock Money Manager Fund as on 30 Nov 24
Asset Allocation
Asset Class Value Cash 64.53% Debt 35.25% Other 0.22% Debt Sector Allocation
Sector Value Corporate 49.14% Cash Equivalent 46.72% Government 3.92% Credit Quality
Rating Value AA 7.54% AAA 92.46% Top Securities Holdings / Portfolio
Name Holding Value Quantity LIC Housing Finance Ltd
Debentures | -5% ₹153 Cr 1,500 364 DTB 05122024
Sovereign Bonds | -4% ₹125 Cr 12,500,000 182 DTB 23012025
Sovereign Bonds | -3% ₹99 Cr 10,000,000 Power Finance Corporation Limited
Debentures | -3% ₹93 Cr 900 182 DTB 30012025
Sovereign Bonds | -2% ₹59 Cr 6,000,000 Power Finance Corporation Ltd.
Debentures | -2% ₹56 Cr 550 Bharti Telecom Limited
Debentures | -2% ₹54 Cr 500 The Tata Power Company Limited
Debentures | -2% ₹53 Cr 500 Can Fin Homes Limited
Debentures | -2% ₹52 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹52 Cr 500
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.