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Ultra Short Term Funds Vs Liquid Funds
Whenever we think of short-term investment in Mutual Funds, we often come across the terms such as ultra short term funds and Liquid Funds. Though both of them are categories of debt funds, however, they do possess the different characteristics. Ultra Short Term fund is a Debt fund category whose Portfolio consists of fixed Income securities with a maturity period ranging between 91 days to one year. On the other hand, the liquid fund is a debt fund category whose portfolio consists of Fixed Income securities with a maturity period of less than or equal to 91 days.
So, let us understand the differences between both ultra short term funds and liquid funds with respect to various parameters.
What is an Ultra Short Term Fund?
Ultra short term fund is a category of debt fund that invests its corpus in fixed income securities. The fund’s portfolio maturity tenure extends between 91 days and normally less than 1 year. These schemes were earlier referred as Liquid Plus Funds. Ultra Short Term Funds is suitable for investors who are willing to take a marginally higher level of risk to earn higher returns. These schemes are a notch above liquid funds with respect to risk and returns.
What is a Liquid Fund?
Liquid fund refers to the Mutual Fund scheme that invests its accumulated fund money in fixed income securities having a maturity period of less than 91 days. Liquid funds are part of debt funds and are considered to be one of the safe investment avenues. People having idle funds lying in their Bank account can choose to invest in the money in liquid funds and earn more returns. These schemes have higher liquidity as compared to ultra short term fund.
Difference Between Ultra Short Term Fund Vs Liquid Fund
The different parameters that differentiate ultra short term funds and liquid funds are as follows.
Maturity Tenure of Underlying Assets
The Maturity tenure of Underlying assets in case of liquid funds is less as compared to ultra short term funds. These securities in most cases have a maturity profile of less than or equal to 91 days. However, in case of ultra short term funds, the maturity tenure of its underlying securities are more than 91 days and less than 1 year.
Liquidity
The liquidity of liquid funds is high as compared to ultra short term funds. In case liquid funds, some of the Mutual Fund companies do provide an instant Redemption Facility. By opting for this facility, one can ensure that they get their proceeds credited to the bank account within 30 minutes. However, this facility is not available in case of ultra short term funds. In ultra short term funds people get their money back on the next working day if they place their order before the cut-off time.
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Returns
The returns in case of ultra short term funds are slightly higher as compared to liquid funds. This higher return is due to the marginally higher risk which is present in ultra short term funds as compared to liquid funds.
Risk
The risk in case of liquid funds is very low as compared to ultra short term funds. This is because the underlying securities in liquid funds are mostly held till maturity instead of trading due to very low maturity tenure. However, in case of ultra short term funds, the risk is marginally higher as compared to liquid funds.
Exit Load
Most of the liquid funds do not have any exit loads attached to it due to which people get the entire redemption proceeds at the time of withdrawals. However, ultra short term funds may or may not have exit loads. Exit load in case of ultra short term fund is generally applicable if the redemption is done within a short period of time.
Taxation
Since both ultra short-term funds and liquid funds are a part of the debt funds; the taxation rules are same for both of them. If both the funds are sold within three years from the date of purchase, then Short Term Capital Gain (STCG) is applicable which is charged as per the individual’s tax slab. On the contrary, if the units are redeemed after three years then Long Term Capital Gain (LTCG) is applicable which is charged at 20% along with indexation benefits.
Cut-off Time
The cut-off time for placing an order with respect to purchase or redemption in case of the liquid fund is 2 PM, while in case of ultra short term funds the cut-off time is 3 PM.
The table given below sums up the differences between liquid funds and ultra short term funds.
| Parameters | Liquid Funds | Ultra Short Term Funds |
|---|---|---|
| Maturity Profile of Underlying Assets | The maturity profile of the assets is less than or equal to 91 days | The maturity profile of the assets is more than 91 days and less than one year |
| Liquidity | High liquidity | Low as compared to Liquid Funds |
| Returns | Lower as compared to ultra short term funds | Slightly higher than liquid funds |
| Risk | Very low | Marginally higher in comparison to liquid funds |
| Exit Load | Mostly does not have exit load | May or may not have exit loads |
| Taxation | Short-term: Taxed as per individual’s slab rates Long-term: Taxed at 20% and had taxation benefits | Same as Liquid Funds |
| Cut-off Time | 2 PM | 3 PM |
Best Funds to Invest in FY 25 - 26
After understanding the differences between liquid funds and ultra short term funds, let us have a look at some of the Best Liquid Funds and Best Ultra Short term funds which may suit your requirements.
Best Liquid Funds
Fund NAV Net Assets (Cr) 1 MO (%) 3 MO (%) 6 MO (%) 1 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity BOI AXA Liquid Fund Growth ₹2,917.95
↑ 0.47 ₹1,315 0.6 1.8 3.6 7.4 7.4 7.15% 1M 20D 1M 17D Axis Liquid Fund Growth ₹2,821.2
↑ 0.47 ₹30,917 0.6 1.8 3.5 7.4 7.4 7.26% 1M 29D 1M 29D DSP BlackRock Liquidity Fund Growth ₹3,618.33
↑ 0.61 ₹17,017 0.6 1.7 3.6 7.4 7.4 7.23% 1M 20D 1M 28D LIC MF Liquid Fund Growth ₹4,583.68
↑ 0.75 ₹9,444 0.6 1.7 3.5 7.4 7.4 7.02% 1M 6D 1M 6D Invesco India Liquid Fund Growth ₹3,483.36
↑ 0.58 ₹11,745 0.6 1.7 3.5 7.4 7.4 7.23% 1M 20D 1M 20D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 25
Best Ultra Short Term Funds
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 ₹529.524
↑ 0.06 ₹16,349 1.8 3.8 7.8 6.6 7.9 7.81% 5M 23D 7M 20D Invesco India Ultra Short Term Fund Growth ₹2,610.11
↑ 1.08 ₹1,424 1.7 3.4 7.4 6.1 7.5 7.53% 5M 4D 5M 15D ICICI Prudential Ultra Short Term Fund Growth ₹26.7905
↑ 0.00 ₹13,502 1.7 3.5 7.4 6.4 7.5 7.6% 4M 28D 5M 16D SBI Magnum Ultra Short Duration Fund Growth ₹5,781.35
↑ 0.94 ₹12,178 1.7 3.5 7.4 6.3 7.4 7.54% 5M 8D 10M 2D Nippon India Ultra Short Duration Fund Growth ₹3,901.44
↑ 0.79 ₹7,695 1.7 3.4 7.2 6.2 7.2 7.72% 5M 7D 6M 9D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 25
*Above is the detailed list of Liquid / Ultrashort funds having Net Assets more than 1000 Crore and have been managing funds for atleast 3 Years. Sorted based on 1 Year returns.
*Below is the detailed list of Liquid / Ultrashort funds having Net Assets more than 1000 Crore and have been managing funds for atleast 3 Years. Sorted based on last yield to maturity.
The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents. 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 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 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. 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 (24 Jan 25) ₹529.524 ↑ 0.06 (0.01 %) Net Assets (Cr) ₹16,349 on 31 Dec 24 Category Debt - Ultrashort Bond AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately Low Expense Ratio 0.54 Sharpe Ratio 4.24 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.81% Effective Maturity 7 Months 20 Days Modified Duration 5 Months 23 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 19 ₹10,000 31 Dec 20 ₹10,702 31 Dec 21 ₹11,119 31 Dec 22 ₹11,648 31 Dec 23 ₹12,483 31 Dec 24 ₹13,463 Returns for Aditya Birla Sun Life Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 25 Duration Returns 1 Month 0.6% 3 Month 1.8% 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 7.9% 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 10.54 Yr. Kaustubh Gupta 15 Jul 11 13.48 Yr. Monika Gandhi 22 Mar 21 3.78 Yr. Data below for Aditya Birla Sun Life Savings Fund as on 31 Dec 24
Asset Allocation
Asset Class Value Cash 42.53% Debt 57.22% Other 0.25% Debt Sector Allocation
Sector Value Corporate 56.9% Cash Equivalent 37.01% Government 5.84% Credit Quality
Rating Value AA 31.99% AAA 68.01% 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 Cd - Union Bank Of India - 02/04/25
Debentures | -3% ₹489 Cr 10,000 Nirma Limited
Debentures | -3% ₹487 Cr 48,500 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% ₹325 Cr 32,500 7.3% Govt Stock 2028
Sovereign Bonds | -2% ₹316 Cr 31,500,000 Bajaj Housing Finance Ltd. 8%
Debentures | -2% ₹301 Cr 30,000 Avanse Financial Services Ltd 9.40%
Debentures | -2% ₹299 Cr 30,000 2. 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 (24 Jan 25) ₹3,901.44 ↑ 0.79 (0.02 %) Net Assets (Cr) ₹7,695 on 31 Dec 24 Category Debt - Ultrashort Bond AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Low Expense Ratio 1.14 Sharpe Ratio 1.22 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 31 Dec 19 ₹10,000 31 Dec 20 ₹10,487 31 Dec 21 ₹11,302 31 Dec 22 ₹11,821 31 Dec 23 ₹12,611 31 Dec 24 ₹13,524 Returns for Nippon India Ultra Short Duration Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 25 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.4% 1 Year 7.2% 3 Year 6.2% 5 Year 6.2% 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 11.26 Yr. Kinjal Desai 25 May 18 6.61 Yr. Akshay Sharma 1 Dec 22 2.09 Yr. Data below for Nippon India Ultra Short Duration Fund as on 31 Dec 24
Asset Allocation
Asset Class Value Cash 66.33% Debt 33.46% Other 0.21% Debt Sector Allocation
Sector Value Cash Equivalent 50.01% Corporate 42.96% Government 6.82% Credit Quality
Rating Value AA 11.85% AAA 88.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 D Tbill Mat - 14/02/2025
Sovereign Bonds | -4% ₹287 Cr 29,000,000 182 DTB 12062025
Sovereign Bonds | -3% ₹237 Cr 24,500,000
↑ 24,500,000 PNb Housing Finance Limited
Debentures | -3% ₹225 Cr 22,500 National Bank For Agriculture And Rural Development
Debentures | -3% ₹200 Cr 2,000 Small Industries Development Bank Of India
Debentures | -3% ₹199 Cr 2,000 HDFC Credila Financial Services Ltd
Debentures | -3% ₹196 Cr 19,500
↑ 9,500 Indinfravit Trust
Debentures | -2% ₹189 Cr 19,500 Rec Limited
Debentures | -2% ₹182 Cr 1,850 INDIA UNIVERSAL TRUST AL2
Unlisted bonds | -1% ₹100 Cr 100
↑ 100 Piramal Capital & Housing Finance Ltd
Debentures | -1% ₹100 Cr 10,000 3. ICICI Prudential Ultra Short Term Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 27 in Ultrashort Bond category. Return for 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 (24 Jan 25) ₹26.7905 ↑ 0.00 (0.02 %) Net Assets (Cr) ₹13,502 on 31 Dec 24 Category Debt - Ultrashort Bond AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderate Expense Ratio 0.86 Sharpe Ratio 2.45 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 31 Dec 19 ₹10,000 31 Dec 20 ₹10,653 31 Dec 21 ₹11,080 31 Dec 22 ₹11,583 31 Dec 23 ₹12,384 31 Dec 24 ₹13,311 Returns for ICICI Prudential Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 25 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.5% 1 Year 7.4% 3 Year 6.4% 5 Year 5.9% 10 Year 15 Year Since launch 7.4% 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 8.13 Yr. Ritesh Lunawat 15 Jun 17 7.55 Yr. Data below for ICICI Prudential Ultra Short Term Fund as on 31 Dec 24
Asset Allocation
Asset Class Value Cash 59.67% Debt 40.08% Other 0.25% Debt Sector Allocation
Sector Value Corporate 47.18% Cash Equivalent 44.28% Government 7.56% Securitized 0.73% Credit Quality
Rating Value AA 15.12% AAA 84.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity LIC Housing Finance Limited
Debentures | -3% ₹435 Cr 4,350
↑ 500 364 Days T - Bill- 06/02/2025
Sovereign Bonds | -3% ₹396 Cr 40,000,000 364 DTB 13032025
Sovereign Bonds | -3% ₹394 Cr 40,000,000 Small Industries Development Bank Of India
Debentures | -3% ₹374 Cr 3,750 Bharti Telecom Limited
Debentures | -2% ₹327 Cr 32,500 India (Republic of)
- | -2% ₹300 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 Power Finance Corporation Limited
Debentures | -2% ₹224 Cr 2,250 4. 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 (24 Jan 25) ₹4,107.2 ↑ 0.59 (0.01 %) Net Assets (Cr) ₹3,047 on 31 Dec 24 Category Debt - Ultrashort Bond AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Moderately Low Expense Ratio 0.96 Sharpe Ratio 1.08 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 31 Dec 19 ₹10,000 31 Dec 20 ₹10,526 31 Dec 21 ₹11,168 31 Dec 22 ₹11,639 31 Dec 23 ₹12,422 31 Dec 24 ₹13,319 Returns for UTI Ultra Short Term Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 25 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3.4% 1 Year 7.1% 3 Year 6.1% 5 Year 5.9% 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 Ritesh Nambiar 1 Jul 15 9.51 Yr. Data below for UTI Ultra Short Term Fund as on 31 Dec 24
Asset Allocation
Asset Class Value Cash 65.48% Debt 34.32% Other 0.2% Debt Sector Allocation
Sector Value Cash Equivalent 52.95% Corporate 45.22% Government 1.63% Credit Quality
Rating Value AA 14.44% AAA 85.56% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -5% ₹150 Cr 1,500 Bajaj Housing Finance Limited
Debentures | -3% ₹100 Cr 1,000 Shriram Transport Finance Company Limited
Debentures | -2% ₹50 Cr 5,000 ICICI Home Finance Company Limited
Debentures | -2% ₹50 Cr 5,000 Bajaj Finance Limited
Debentures | -2% ₹50 Cr 500
↑ 500 Hdb Financial Services Limited
Debentures | -2% ₹50 Cr 500 HDFC Bank Limited
Debentures | -2% ₹50 Cr 5,000
↓ -2,500 Kotak Mahindra Prime Limited
Debentures | -2% ₹50 Cr 500 India Grid TRust
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 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 (24 Jan 25) ₹3,295.66 ↑ 0.64 (0.02 %) Net Assets (Cr) ₹2,961 on 31 Dec 24 Category Debt - Ultrashort Bond AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆ Risk Moderately Low Expense Ratio 1.02 Sharpe Ratio -0.7 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.59% Effective Maturity 6 Months Modified Duration 5 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 19 ₹10,000 31 Dec 20 ₹10,474 31 Dec 21 ₹10,774 31 Dec 22 ₹11,217 31 Dec 23 ₹11,967 31 Dec 24 ₹12,795 Returns for DSP BlackRock Money Manager Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 25 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3.3% 1 Year 6.9% 3 Year 5.9% 5 Year 5.1% 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 3.59 Yr. Shalini Vasanta 1 Jan 25 0 Yr. Data below for DSP BlackRock Money Manager Fund as on 31 Dec 24
Asset Allocation
Asset Class Value Cash 64.41% Debt 35.36% Other 0.23% Debt Sector Allocation
Sector Value Corporate 54.32% Cash Equivalent 39.13% Government 6.32% Credit Quality
Rating Value AA 4.81% AAA 95.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity LIC Housing Finance Ltd
Debentures | -5% ₹154 Cr 1,500 182 DTB 23012025
Sovereign Bonds | -3% ₹99 Cr 10,000,000 Small Industries Development Bank Of India
Debentures | -3% ₹77 Cr 750
↑ 250 182 DTB 30012025
Sovereign Bonds | -2% ₹60 Cr 6,000,000 Power Finance Corporation Ltd.
Debentures | -2% ₹56 Cr 550 The Tata Power Company Limited
Debentures | -2% ₹54 Cr 500 National Bank For Agriculture And Rural Development
Debentures | -2% ₹52 Cr 500 Tata Capital Limited
Debentures | -2% ₹52 Cr 500 Small Industries Development Bank Of India
Debentures | -2% ₹52 Cr 500 Sundaram Finance Limited
Debentures | -2% ₹51 Cr 5,000
Conclusion
To conclude, it can be said that both ultra short term funds and liquid funds have their own set of characteristics. However, people while choosing any scheme should check and ensure whether the scheme is in-line with their determined objective. They should also check the modalities of the scheme completely. Moreover, they may even consult a financial advisor if required to ensure that their investment helps them to attain their desired objectives.
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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Great alternative for FD - Fixed Deposit Investment. Nice article explains each fund very well.