ریکرنگ ڈپازٹ بمقابلہ فکسڈ ڈپازٹ: کون سا بہتر ہے؟

Updated on July 20, 2026 , 11009 views

ریکرنگ ڈپازٹ بمقابلہ فکسڈ ڈپازٹ؟ سوچ رہے ہو کہ اپنا پیسہ کہاں بچانا ہے؟ ٹھیک ہے، کئی بار، سرمایہ کار اس الجھن میں پڑ جاتے ہیں کہ آیا ریکرنگ ڈپازٹ (RD) میں سرمایہ کاری کرنا ہے یا فکسڈ ڈپازٹ (ایف ڈی)۔ اگرچہ یہ سب سے زیادہ مقبول بچتی اسکیمیں ہیں، خاص طور پر خطرے سے بچنے والے سرمایہ کاروں کے درمیان، یہ سمجھنا ضروری ہے کہ RD اور FD ایک دوسرے سے کیسے مختلف ہیں اور کون سی بہتر ہے۔سرمایہ کاری اختیار

اعادی جمع (RD)

آر ڈی ایک ہے۔مالیاتی آلہ بنیادی طور پر بچت کی حوصلہ افزائی کی طرف ہدایت کی گئی ہے۔ اس اسکیم میں، سرمایہ کاروں کو ہر ماہ ایک مخصوص رقم بچانے کی لچک ہوتی ہے۔بینککا یا مالیاتی ادارے کا RD اکاؤنٹ پہلے سے طے شدہ مدت کے لیے ہے اور اس رقم پر سود حاصل کرتا ہے۔ میچورٹی پر، اصل رقم کے ساتھ سود ادا کیا جاتا ہے۔

فکسڈ ڈپازٹ (FD)

فکسڈ ڈپازٹ ایک قسم کے مالیاتی آلات ہیں جو بینکوں کی طرف سے ایک مقررہ پہلے سے طے شدہ مدت کے لیے فراہم کیے جاتے ہیں اورسود کی مقررہ شرح. اس اسکیم میں، FD اکاؤنٹ بناتے وقت ایک بار ایک مقررہ رقم جمع کی جاتی ہے۔ میعاد کے اختتام پر، منتخب مدت کے لیے سود کی رقم کا حساب اصل رقم کے ساتھ کیا جاتا ہے اور کل رقم مجموعی طور پر ادا کی جاتی ہے۔

ریکرنگ ڈپازٹ بمقابلہ فکسڈ ڈپازٹ

پیرامیٹرز	اعادی جمع (RD)	فکسڈ ڈپازٹ (FD)
دور	RD کی مدت عام طور پر 6 ماہ سے 10 سال تک ہوتی ہے۔	ایف ڈی اسکیم کی مدت 7 دن سے 10 سال کے درمیان ہے۔
سود کا حساب	مرکب RD اسکیم کے لیے عام طور پر ہر سہ ماہی میں دلچسپی ہوتی ہے۔	FD میں، مرکب سود کا حساب ہر سال جمع ہونے والے سود پر کیا جاتا ہے۔
اہلیت	تمام رہائشی ہندوستانی اور ہندو غیر منقسم خاندان (HUFs) RD اکاؤنٹ کھولنے کے اہل ہیں۔ یہ اکاؤنٹ نابالغوں کے لیے ان کے والدین یا قانونی سرپرست بھی کھول سکتے ہیں۔	تمام رہائشی ہندوستانی اور ہندو غیر منقسم خاندان (HUFs) فکسڈ ڈپازٹ اکاؤنٹ کھولنے کے اہل ہیں
ٹیکس فوائد	اس اسکیم میں کوئی ٹیکس فائدہ نہیں دیا جاتا ہے۔	فکسڈ ڈپازٹ کے لیے، کے تحت ٹیکس چھوٹسیکشن 80 سی کیانکم ٹیکس ایکٹ 1961 لاگو ہے۔ یہ 5 سال سے زیادہ کے ڈپازٹس پر لاگو ہوتا ہے (موجودہ قوانین کے مطابق)
واپسی کی شرح	شرح سود FD جیسی ہے لیکن عام طور پر مدت اور ماہانہ سرمایہ کاری کی رقم پر منحصر ہوتی ہے۔	شرح سود RD جیسی ہے لیکن اس پر منحصر ہے۔سرمایہ اور مدت کا انتخاب کیا۔
اضافی فوائد	زیادہ تر بینک ڈپازٹ ویلیو کے 90% تک قرضے پیش کرتے ہیں۔	زیادہ تر بینک ڈپازٹ ویلیو کے 70% - 90% تک قرضے پیش کرتے ہیں۔
واپسی	کچھ صورتوں میں، بغیر کسی جرمانے کے قبل از وقت واپسی کی اجازت ہے۔ جبکہ کچھ بینک جرمانہ وصول کر سکتے ہیں۔	جرمانے کے ساتھ قبل از وقت واپسی کی اجازت ہے۔
آمدنی دلچسپی	RD پر حاصل کردہ سود قابل ٹیکس ہے اور زیادہ تر بینک TDS کاٹتے ہیں۔	FD پر حاصل ہونے والا سود قابل ٹیکس ہے اور زیادہ تر بینک TDS کاٹتے ہیں۔

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ریکرنگ ڈپازٹ بمقابلہ فکسڈ ڈپازٹ: مزید کہاں سے کمایا جائے؟

چونکہ RD اور FD دونوں خطرے سے بچنے والے سرمایہ کاروں کے لیے موزوں ہیں، اس لیے حتمی انتخاب کسی کی ضروریات پر منحصر ہے۔ ایک FD اکاؤنٹ میں، سود کو جمع کی گئی ابتدائی یکمشت رقم پر مرکب کیا جاتا ہے۔ پوری جمع شدہ رقم ایک سال کے لیے سود حاصل کرتی ہے۔ تاہم، RD میں، صرف 1st ڈپازٹ ہی پہلے سال، یعنی 12 ماہ کے لیے سود حاصل کرتا ہے۔ دوسرا ڈپازٹ 11 ماہ کے لیے سود حاصل کرتا ہے، تیسرا 10 ماہ کے لیے، وغیرہ۔ مرکب اثر فکسڈ ڈپازٹس کو سرمایہ کاروں کے لیے زیادہ منافع پیدا کرنے کے قابل بناتا ہے۔

اگرچہ وقت گزرنے کے ساتھ، کوئی بھی فکسڈ ڈپازٹ کے ساتھ زیادہ پیسے کما سکتا ہے (مثال کے طور پر ذیل میں دکھایا گیا ہے)، لیکن اس میں ریکرینگ ڈپازٹ اکاؤنٹ کی لچک نہیں ہوتی ہے کہ وہ ماہانہ چھوٹی رقم جمع کر سکے۔ لہذا، وہ لوگ جن کے پاس سرمایہ کاری کرنے کے لیے یکمشت رقم نہیں ہے وہ ماہانہ سرمایہ کاری کو ترجیح دے سکتے ہیں۔

بہتر تفہیم کے لیے، ہم نے دونوں اسکیموں میں فرق کو واضح کیا ہے۔ لہذا صارفین واضح طور پر سمجھ سکتے ہیں اور اچھی طرح سے انتخاب کرسکتے ہیں۔

مثال:

آئیے فرض کریں کہ آپ سرمایہ کاری کرتے ہیں۔1000 روپے (ایک سال کے لیے ماہانہ) بار بار جمع ہونے والی جمع میں اور آپ نے یکمشت رقم کی سرمایہ کاری کی ہے۔12 روپے،000 سال کے آغاز میں فکسڈ ڈپازٹ میں۔ یہ دونوں پروڈکٹس آپ کو 9 فیصد سود کے ساتھ سہ ماہی کے حساب سے پیش کرتے ہیں۔ تو،کمائی ان دونوں اسکیموں میں سے ذیل میں دیا گیا ہے۔

تفصیلات	اعادی جمع (RD)	فکسڈ ڈپازٹ (FD)
سرمایہ کاری کی گئی رقم	INR 5,000 (ماہانہ)	INR 60,000 ( یکمشت)
دور	12 ماہ	12 ماہ
سالانہ شرح سود	6%	6%
کمائی گئی کل رقم	INR 61,986	INR 63,701
خالص منافع	INR 1,986	INR 3,701

اب جب آپ RD اور FD کے درمیان اہم فرق جانتے ہیں، تو آپ ایک کا انتخاب کر سکتے ہیں اور سمجھداری سے سرمایہ کاری کر سکتے ہیں۔ اگرچہ FD RD کے مقابلے میں بہتر ترقی دیتا ہے، زیادہ تر وقت، یہ ممکن نہیں ہوتا کہ کسی ایک آلے کے لیے آپ کی تمام ضروریات کو پورا کیا جا سکے۔ لہذا، جب آپ کے پاس سرمایہ کاری کرنے کے لیے یکمشت رقم نہیں ہے، تو آپ ہر ماہ اپنی آمدنی سے تھوڑی سی رقم بچا سکتے ہیں اور بار بار جمع ہونے والی جمع میں سرمایہ کاری کر سکتے ہیں!

دوسرے متبادل

مائع / الٹرا شارٹ ڈیبٹ میوچل فنڈز

1. Kotak Savings Fund

(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.

Research Highlights for Kotak Savings Fund

Upper mid AUM (₹14,181 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately Low.
1Y return: 5.91% (lower mid).
1M return: 0.63% (top quartile).
Sharpe: 0.50 (lower mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.90% (top quartile).
Modified duration: 0.40 yrs (upper mid).
Average maturity: 0.51 yrs (lower mid).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Top bond sector: Corporate.
Conservative stance with elevated cash (~54%).
High-quality debt (AAA/AA ~100%).
Largest holding National Bank For Agriculture And Rural Development (~3.8%).

Below is the key information for Kotak Savings Fund

Kotak Savings Fund Growth
Launch Date	13 Aug 04
NAV (22 Jul 26)	₹45.6429 ↑ 0.01 (0.01 %)
Net Assets (Cr)	₹14,181 on 30 Jun 26
Category	Debt - Ultrashort Bond
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.81
Sharpe Ratio	0.5
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.9%
Effective Maturity	6 Months 4 Days
Modified Duration	4 Months 24 Days

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,338
30 Jun 23	₹10,986
30 Jun 24	₹11,748
30 Jun 25	₹12,623
30 Jun 26	₹13,382

Kotak Savings Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Kotak Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	0.6%
3 Month	1.5%
6 Month	3.2%
1 Year	5.9%
3 Year	6.8%
5 Year	6%
10 Year
15 Year
Since launch	7.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.8%
2024	7.2%
2023	6.8%
2022	4.5%
2021	3.2%
2020	5.8%
2019	7.8%
2018	7.4%
2017	6.7%
2016	8.2%

Fund Manager information for Kotak Savings Fund

Name	Since	Tenure
Deepak Agrawal	15 Apr 08	18.22 Yr.
Manu Sharma	1 Nov 22	3.67 Yr.

Data below for Kotak Savings Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value
Cash	54.36%
Debt	45.33%
Other	0.31%

Debt Sector Allocation

Sector	Value
Corporate	62.41%
Government	18.78%
Cash Equivalent	18.5%

Credit Quality

Rating	Value
AA	16.51%
AAA	83.49%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
National Bank For Agriculture And Rural Development Debentures \| -	4%	₹575 Cr	57,500
Tamil Nadu (Government of) 0.0654% - \| -	3%	₹447 Cr	45,000,000
6.17% Govt Stock 2028 Sovereign Bonds \| -	2%	₹328 Cr	32,500,000
Mankind Pharma Limited Debentures \| -	2%	₹300 Cr	30,000
Muthoot Finance Limited Debentures \| -	2%	₹300 Cr	30,000
6.9% Maharashtra Sgs 2030 Sovereign Bonds \| -	2%	₹299 Cr	30,000,000
06/08/2026 Maturing 182 DTB Sovereign Bonds \| -	2%	₹248 Cr	25,000,000
Bank of Baroda Debentures \| -	1%	₹218 Cr	22,500 ↑ 22,500
RADHAKRISHNA SECURITISATION TRUST Unlisted bonds \| -	1%	₹206 Cr	210
Vedanta Limited Debentures \| -	1%	₹200 Cr	20,000

2. Nippon India Ultra Short Duration Fund

(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.

Research Highlights for Nippon India Ultra Short Duration Fund

Lower mid AUM (₹10,200 Cr).
Established history (24+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 6.05% (upper mid).
1M return: 0.56% (bottom quartile).
Sharpe: 0.85 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 7.83% (top quartile).
Modified duration: 0.42 yrs (upper mid).
Average maturity: 0.59 yrs (bottom quartile).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~54%).
High-quality debt (AAA/AA ~100%).
Largest holding Tbill (~3.7%).

Below is the key information for Nippon India Ultra Short Duration Fund

Nippon India Ultra Short Duration Fund Growth
Launch Date	7 Dec 01
NAV (22 Jul 26)	₹4,292.64 ↑ 0.11 (0.00 %)
Net Assets (Cr)	₹10,200 on 30 Jun 26
Category	Debt - Ultrashort Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Low
Expense Ratio	1.12
Sharpe Ratio	0.85
Information Ratio	0
Alpha Ratio	0
Min Investment	100
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	7.83%
Effective Maturity	7 Months 3 Days
Modified Duration	5 Months 1 Day

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,630
30 Jun 23	₹11,288
30 Jun 24	₹12,068
30 Jun 25	₹12,962
30 Jun 26	₹13,764

Nippon India Ultra Short Duration Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Nippon India Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	0.6%
3 Month	1.5%
6 Month	3.3%
1 Year	6%
3 Year	6.8%
5 Year	6.1%
10 Year
15 Year
Since launch	6.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.8%
2024	7.2%
2023	6.7%
2022	4.6%
2021	7.8%
2020	4.9%
2019	0.9%
2018	7.3%
2017	5.8%
2016	6.8%

Fund Manager information for Nippon India Ultra Short Duration Fund

Name	Since	Tenure
Vivek Sharma	1 Oct 13	12.75 Yr.
Kinjal Desai	25 May 18	8.1 Yr.
Akshay Sharma	1 Dec 22	3.58 Yr.
Amber Singhania	11 Mar 26	0.3 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value
Cash	53.89%
Debt	45.82%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	65.03%
Cash Equivalent	27%
Government	7.68%

Credit Quality

Rating	Value
AA	29.98%
AAA	70.02%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Tbill Sovereign Bonds \| -	4%	₹396 Cr	40,000,000
Nirma Limited Debentures \| -	3%	₹297 Cr	29,600 ↑ 12,000
India (Republic of) - \| -	3%	₹273 Cr	27,500,000
Tbill Sovereign Bonds \| -	2%	₹247 Cr	25,000,000
Axis Bank Ltd. Debentures \| -	2%	₹242 Cr	5,000 ↑ 5,000
Vedanta Limited Debentures \| -	2%	₹241 Cr	24,000
Indigrid Infrastructure Trust Debentures \| -	2%	₹240 Cr	2,400
Small Industries Development Bank of India Debentures \| -	2%	₹200 Cr	4,300 ↑ 4,300
Embassy Office Parks Reit Debentures \| -	2%	₹199 Cr	2,000
HDFC Bank Ltd. Debentures \| -	2%	₹196 Cr	4,000 ↑ 4,000

3. ICICI Prudential Ultra Short Term Fund

(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.

Research Highlights for ICICI Prudential Ultra Short Term Fund

Upper mid AUM (₹14,352 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 6.14% (upper mid).
1M return: 0.59% (upper mid).
Sharpe: 0.92 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.79% (upper mid).
Modified duration: 0.44 yrs (bottom quartile).
Average maturity: 0.53 yrs (lower mid).
Exit load: 0-1 Months (0.5%),1 Months and above(NIL).
Top sector: Energy.
Higher exposure to Corporate (bond sector) vs peer median.
Conservative stance with elevated cash (~78%).
High-quality debt (AAA/AA ~100%).
Largest holding Tbill (~6.6%).

Below is the key information for ICICI Prudential Ultra Short Term Fund

ICICI Prudential Ultra Short Term Fund Growth
Launch Date	3 May 11
NAV (22 Jul 26)	₹29.5569 ↑ 0.00 (0.01 %)
Net Assets (Cr)	₹14,352 on 30 Jun 26
Category	Debt - Ultrashort Bond
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.8
Sharpe Ratio	0.92
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	7.79%
Effective Maturity	6 Months 11 Days
Modified Duration	5 Months 8 Days

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,368
30 Jun 23	₹11,029
30 Jun 24	₹11,817
30 Jun 25	₹12,724
30 Jun 26	₹13,522

ICICI Prudential Ultra Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for ICICI Prudential Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	0.6%
3 Month	1.5%
6 Month	3.3%
1 Year	6.1%
3 Year	7%
5 Year	6.2%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.1%
2024	7.5%
2023	6.9%
2022	4.5%
2021	4%
2020	6.5%
2019	8.4%
2018	7.5%
2017	6.9%
2016	9.8%

Fund Manager information for ICICI Prudential Ultra Short Term Fund

Name	Since	Tenure
Manish Banthia	15 Nov 16	9.63 Yr.
Ritesh Lunawat	15 Jun 17	9.05 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value
Cash	78.41%
Debt	21.26%
Other	0.33%

Debt Sector Allocation

Sector	Value
Corporate	66.01%
Cash Equivalent	43.92%

Credit Quality

Rating	Value
AA	17.96%
AAA	82.04%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Tbill Sovereign Bonds \| -	7%	₹997 Cr	100,000,000
HDFC Bank Ltd. Debentures \| -	3%	₹442 Cr	9,000
Small Industries Development Bank Of India Debentures \| -	2%	₹350 Cr	35,000 ↑ 35,000
Vedanta Limited Debentures \| -	2%	₹343 Cr	34,000
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹325 Cr	32,500 ↑ 12,500
6.17% Govt Stock 2028 Sovereign Bonds \| -	2%	₹310 Cr	30,773,600
RADHAKRISHNA SECURITISATION TRUST Unlisted bonds \| -	2%	₹299 Cr	300
Muthoot Finance Limited Debentures \| -	2%	₹276 Cr	27,500
AU Small Finance Bank Ltd. Debentures \| -	2%	₹241 Cr	5,000
Piramal Finance Limited Debentures \| -	2%	₹232 Cr	23,000

4. SBI Magnum Ultra Short Duration Fund

(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.

Research Highlights for SBI Magnum Ultra Short Duration Fund

Upper mid AUM (₹11,408 Cr).
Oldest track record among peers (27 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.07% (upper mid).
1M return: 0.60% (upper mid).
Sharpe: 0.84 (upper mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.77% (upper mid).
Modified duration: 0.43 yrs (lower mid).
Average maturity: 0.71 yrs (bottom quartile).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Top bond sector: Corporate.
Conservative stance with elevated cash (~101%).
High-quality debt (AAA/AA ~100%).
Largest holding India (Republic of) (~8.8%).

Below is the key information for SBI Magnum Ultra Short Duration Fund

SBI Magnum Ultra Short Duration Fund Growth
Launch Date	21 May 99
NAV (22 Jul 26)	₹6,369.66 ↑ 0.17 (0.00 %)
Net Assets (Cr)	₹11,408 on 30 Jun 26
Category	Debt - Ultrashort Bond
AMC	SBI Funds Management Private Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.54
Sharpe Ratio	0.84
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.77%
Effective Maturity	8 Months 16 Days
Modified Duration	5 Months 5 Days

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,336
30 Jun 23	₹10,996
30 Jun 24	₹11,785
30 Jun 25	₹12,679
30 Jun 26	₹13,467

SBI Magnum Ultra Short Duration Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for SBI Magnum Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	0.6%
3 Month	1.5%
6 Month	3.2%
1 Year	6.1%
3 Year	6.9%
5 Year	6.1%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7%
2024	7.4%
2023	7%
2022	4.5%
2021	3.4%
2020	5.9%
2019	8%
2018	7.9%
2017	6.6%
2016	7.7%

Fund Manager information for SBI Magnum Ultra Short Duration Fund

Name	Since	Tenure
Sudhir Agrawal	15 May 25	1.13 Yr.

Data below for SBI Magnum Ultra Short Duration Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value
Cash	100.97%
Other	0.42%

Debt Sector Allocation

Sector	Value
Corporate	57.6%
Cash Equivalent	51.21%

Credit Quality

Rating	Value
AA	17.96%
AAA	82.04%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	9%	₹1,020 Cr	102,500,000
TATA Communications Limited Debentures \| -	5%	₹550 Cr	55,000
Adani Power Limited Debentures \| -	3%	₹299 Cr	30,000
LIC Housing Finance Ltd Debentures \| -	2%	₹275 Cr	27,500
RADHAKRISHNA SECURITISATION TRUST Unlisted bonds \| -	2%	₹250 Cr	255
Muthoot Finance Limited Debentures \| -	2%	₹224 Cr	22,500
Muthoot Finance Limited Debentures \| -	2%	₹199 Cr	20,000
Oberoi Realty Limited Debentures \| -	1%	₹166 Cr	20,000
7.03% Chhattisgarh Sdl 2026 Sovereign Bonds \| -	1%	₹150 Cr	15,000,000
Eris Lifesciences Limited Debentures \| -	1%	₹150 Cr	15,000

5. UTI Ultra Short Term Fund

(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.

Research Highlights for UTI Ultra Short Term Fund

Bottom quartile AUM (₹3,146 Cr).
Established history (22+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately Low.
1Y return: 5.79% (bottom quartile).
1M return: 0.58% (lower mid).
Sharpe: 0.43 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.61% (upper mid).
Modified duration: 0.34 yrs (top quartile).
Average maturity: 0.46 yrs (upper mid).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Top bond sector: Corporate.
Conservative stance with elevated cash (~71%).
High-quality debt (AAA/AA ~100%).
Largest holding Kotak Mahindra Bank Ltd. (~4.8%).

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund Growth
Launch Date	29 Aug 03
NAV (22 Jul 26)	₹4,506.2 ↑ 0.23 (0.01 %)
Net Assets (Cr)	₹3,146 on 30 Jun 26
Category	Debt - Ultrashort Bond
AMC	UTI Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.93
Sharpe Ratio	0.43
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.61%
Effective Maturity	5 Months 17 Days
Modified Duration	4 Months 1 Day

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,600
30 Jun 23	₹11,248
30 Jun 24	₹12,025
30 Jun 25	₹12,912
30 Jun 26	₹13,675

UTI Ultra Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for UTI Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	0.6%
3 Month	1.5%
6 Month	3.1%
1 Year	5.8%
3 Year	6.7%
5 Year	6.5%
10 Year
15 Year
Since launch	6.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.6%
2024	7.2%
2023	6.7%
2022	4.2%
2021	6.1%
2020	5.3%
2019	3.3%
2018	7%
2017	6.6%
2016	8.9%

Fund Manager information for UTI Ultra Short Term Fund

Name	Since	Tenure
Abhishek Sonthalia	10 Nov 25	0.64 Yr.

Data below for UTI Ultra Short Term Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value
Cash	71.25%
Debt	28.38%
Other	0.37%

Debt Sector Allocation

Sector	Value
Corporate	50.9%
Cash Equivalent	39.05%
Government	9.68%

Credit Quality

Rating	Value
AA	22.64%
AAA	77.36%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Kotak Mahindra Bank Ltd. Debentures \| -	5%	₹173 Cr	1,750,000,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹100 Cr	10,000
Small Industries Development Bank Of India Debentures \| -	3%	₹100 Cr	10,000
Tbill Sovereign Bonds \| -	3%	₹100 Cr	1,000,000,000
Jamnagar Utilities & Power Private Limited Debentures \| -	3%	₹100 Cr	1,000
Piramal Finance Limited Debentures \| -	2%	₹85 Cr	8,500
Nuvama Wealth Finance Limited Debentures \| -	2%	₹76 Cr	7,500
Bharti Telecom Limited Debentures \| -	2%	₹75 Cr	7,500
TATA Communications Limited Debentures \| -	2%	₹75 Cr	7,500
360 One Prime Limited Debentures \| -	2%	₹75 Cr	7,500

6. Invesco India Ultra Short Term Fund

(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.

Research Highlights for Invesco India Ultra Short Term Fund

Bottom quartile AUM (₹1,002 Cr).
Established history (15+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderate.
1Y return: 5.95% (lower mid).
1M return: 0.59% (upper mid).
Sharpe: 0.68 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.53% (lower mid).
Modified duration: 0.42 yrs (lower mid).
Average maturity: 0.43 yrs (upper mid).
Exit load: NIL.
Top bond sector: Corporate.
Conservative stance with elevated cash (~77%).
High-quality debt (AAA/AA ~100%).
Largest holding Axis Bank Ltd. (~5.9%).

Below is the key information for Invesco India Ultra Short Term Fund

Invesco India Ultra Short Term Fund Growth
Launch Date	30 Dec 10
NAV (22 Jul 26)	₹2,872.06 ↑ 0.12 (0.00 %)
Net Assets (Cr)	₹1,002 on 30 Jun 26
Category	Debt - Ultrashort Bond
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.74
Sharpe Ratio	0.68
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.53%
Effective Maturity	5 Months 6 Days
Modified Duration	5 Months 3 Days

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,305
30 Jun 23	₹10,923
30 Jun 24	₹11,699
30 Jun 25	₹12,580
30 Jun 26	₹13,349

Invesco India Ultra Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Invesco India Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	0.6%
3 Month	1.5%
6 Month	3.3%
1 Year	6%
3 Year	6.9%
5 Year	6%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.8%
2024	7.5%
2023	6.6%
2022	4.1%
2021	3%
2020	5.1%
2019	7.6%
2018	7.3%
2017	7.1%
2016	9.1%

Fund Manager information for Invesco India Ultra Short Term Fund

Name	Since	Tenure
Krishna Cheemalapati	1 Jul 26	0 Yr.
Vikas Garg	1 Jul 26	0 Yr.

Data below for Invesco India Ultra Short Term Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value
Cash	76.81%
Debt	22.86%
Other	0.33%

Debt Sector Allocation

Sector	Value
Corporate	57.89%
Cash Equivalent	23.13%
Government	18.64%

Credit Quality

Rating	Value
AA	10.35%
AAA	89.65%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Axis Bank Ltd. Debentures \| -	6%	₹73 Cr	7,500,000 ↑ 7,500,000
Indian Railway Finance Corporation Limited Debentures \| -	4%	₹50 Cr	5,000,000 ↑ 5,000,000
17/09/2026 Maturing 364 DTB Sovereign Bonds \| -	4%	₹49 Cr	5,000,000
TVS Credit Services Limited Debentures \| -	3%	₹40 Cr	4,000,000
Federal Bank Ltd. Debentures \| -	3%	₹39 Cr	4,000,000
India (Republic of) - \| -	3%	₹35 Cr	3,500,000
Tbill Sovereign Bonds \| -	3%	₹35 Cr	3,500,000
Piramal Finance Limited Debentures \| -	2%	₹25 Cr	2,500,000
Aadhar Housing Finance Limited Debentures \| -	2%	₹25 Cr	2,500,000
LIC Housing Finance Ltd Debentures \| -	2%	₹25 Cr	2,500,000

7. Aditya Birla Sun Life Savings Fund

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.

Research Highlights for Aditya Birla Sun Life Savings Fund

Top quartile AUM (₹17,816 Cr).
Established history (23+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 6.22% (top quartile).
1M return: 0.65% (top quartile).
Sharpe: 0.91 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.45% (lower mid).
Modified duration: 0.49 yrs (bottom quartile).
Average maturity: 0.55 yrs (bottom quartile).
Exit load: NIL.
Top sector: Financial Services.
Higher exposure to Corporate (bond sector) vs peer median.
Debt-heavy allocation (~69%).
High-quality debt (AAA/AA ~100%).
Largest holding India (Republic of) (~5.2%).

Below is the key information for Aditya Birla Sun Life Savings Fund

Aditya Birla Sun Life Savings Fund Growth
Launch Date	16 Apr 03
NAV (22 Jul 26)	₹585.816 ↑ 0.06 (0.01 %)
Net Assets (Cr)	₹17,816 on 30 Jun 26
Category	Debt - Ultrashort Bond
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.55
Sharpe Ratio	0.91
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.45%
Effective Maturity	6 Months 18 Days
Modified Duration	5 Months 26 Days

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,384
30 Jun 23	₹11,065
30 Jun 24	₹11,889
30 Jun 25	₹12,852
30 Jun 26	₹13,668

Aditya Birla Sun Life Savings Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Aditya Birla Sun Life Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	0.6%
3 Month	1.6%
6 Month	3.3%
1 Year	6.2%
3 Year	7.3%
5 Year	6.5%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.4%
2024	7.9%
2023	7.2%
2022	4.8%
2021	3.9%
2020	7%
2019	8.5%
2018	7.6%
2017	7.2%
2016	9.2%

Fund Manager information for Aditya Birla Sun Life Savings Fund

Name	Since	Tenure
Sunaina Cunha	20 Jun 14	12.04 Yr.
Kaustubh Gupta	15 Jul 11	14.97 Yr.
Monika Gandhi	22 Mar 21	5.28 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value
Cash	30.43%
Debt	69.22%
Other	0.36%

Debt Sector Allocation

Sector	Value
Corporate	68.02%
Government	17.43%
Cash Equivalent	14.18%

Credit Quality

Rating	Value
AA	29.9%
AAA	70.1%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	5%	₹987 Cr	100,000,000
National Bank for Agriculture and Rural Development Domestic Bonds \| -	4%	₹748 Cr	15,800
Shriram Finance Limited Debentures \| -	3%	₹607 Cr	60,000
HDFC Bank Ltd. Debentures \| -	3%	₹540 Cr	11,000
Bharti Telecom Limited Debentures \| -	2%	₹396 Cr	40,000
Muthoot Finance Limited Debentures \| -	2%	₹348 Cr	35,000
Vedanta Limited Debentures \| -	2%	₹329 Cr	32,500
Mankind Pharma Limited Debentures \| -	2%	₹320 Cr	32,000
Avanse Financial Services Limited Debentures \| -	2%	₹300 Cr	30,000
Power Finance Corporation Limited Debentures \| -	2%	₹297 Cr	30,000

8. BOI AXA Ultra Short Duration Fund

(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.

Research Highlights for BOI AXA Ultra Short Duration Fund

Bottom quartile AUM (₹148 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately Low.
1Y return: 5.75% (bottom quartile).
1M return: 0.53% (bottom quartile).
Sharpe: 0.41 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.29% (bottom quartile).
Modified duration: 0.38 yrs (upper mid).
Average maturity: 0.38 yrs (upper mid).
Exit load: NIL.
Top bond sector: Corporate.
Conservative stance with elevated cash (~84%).
High-quality debt (AAA/AA ~100%).
Largest holding Bank Of Baroda (~9.2%).

Below is the key information for BOI AXA Ultra Short Duration Fund

BOI AXA Ultra Short Duration Fund Growth
Launch Date	16 Jul 08
NAV (22 Jul 26)	₹3,359.32 ↑ 0.04 (0.00 %)
Net Assets (Cr)	₹148 on 30 Jun 26
Category	Debt - Ultrashort Bond
AMC	BOI AXA Investment Mngrs Private Ltd
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.97
Sharpe Ratio	0.41
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.29%
Effective Maturity	4 Months 17 Days
Modified Duration	4 Months 17 Days

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,325
30 Jun 23	₹10,946
30 Jun 24	₹11,632
30 Jun 25	₹12,455
30 Jun 26	₹13,189

BOI AXA Ultra Short Duration Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for BOI AXA Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3.2%
1 Year	5.8%
3 Year	6.4%
5 Year	5.7%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.5%
2024	6.7%
2023	6.2%
2022	4.4%
2021	3.2%
2020	4.9%
2019	7.5%
2018	7.6%
2017	8%
2016	9.1%

Fund Manager information for BOI AXA Ultra Short Duration Fund

Name	Since	Tenure
Mithraem Bharucha	17 Aug 21	4.87 Yr.

Data below for BOI AXA Ultra Short Duration Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value
Cash	84.25%
Debt	15.41%
Other	0.34%

Debt Sector Allocation

Sector	Value
Corporate	50.18%
Cash Equivalent	34.07%
Government	15.41%

Credit Quality

Rating	Value
AA	8.96%
AAA	91.04%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Manappuram Finance Limited Debentures \| -	8%	₹11 Cr	1,100,000
National Bank for Agriculture and Rural Development Domestic Bonds \| -	7%	₹10 Cr	1,100,000 ↑ 1,100,000
25/12/2026 Maturing 364 DTB Sovereign Bonds \| -	3%	₹5 Cr	500,000 ↑ 500,000
India (Republic of) - \| -	3%	₹5 Cr	500,000 ↑ 500,000
Tbill Sovereign Bonds \| -	1%	₹2 Cr	175,000
08/10/2026 Maturing 364 DTB Sovereign Bonds \| -	1%	₹1 Cr	79,600
Corporate Debt Market Development Fund # - \| -	0%	₹0 Cr	417
Bank Of Baroda Certificate of Deposit \| -	9%	₹13 Cr	1,400,000 ↑ 1,400,000
Indian Bank Certificate of Deposit \| -	8%	₹12 Cr	1,200,000
Treps CBLO/Reverse Repo \| -	7%	₹10 Cr

9. DSP Money Manager Fund

"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."

Research Highlights for DSP Money Manager Fund

Lower mid AUM (₹3,905 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 5.74% (bottom quartile).
1M return: 0.57% (lower mid).
Sharpe: 0.29 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.07% (bottom quartile).
Modified duration: 0.47 yrs (bottom quartile).
Average maturity: 0.05 yrs (top quartile).
Exit load: NIL.
Higher exposure to Corporate (bond sector) vs peer median.
Conservative stance with elevated cash (~67%).
High-quality debt (AAA/AA ~100%).
Largest holding Godrej Properties Limited (~2.7%).

Below is the key information for DSP Money Manager Fund

DSP Money Manager Fund Growth
Launch Date	31 Jul 06
NAV (22 Jul 26)	₹3,618.9 ↑ 0.16 (0.00 %)
Net Assets (Cr)	₹3,905 on 30 Jun 26
Category	Debt - Ultrashort Bond
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆
Risk	Moderately Low
Expense Ratio	1.02
Sharpe Ratio	0.29
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.07%
Effective Maturity	18 Days
Modified Duration	5 Months 19 Days

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,298
30 Jun 23	₹10,905
30 Jun 24	₹11,653
30 Jun 25	₹12,509
30 Jun 26	₹13,241

DSP Money Manager Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for DSP Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	0.6%
3 Month	1.4%
6 Month	3.2%
1 Year	5.7%
3 Year	6.6%
5 Year	5.8%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.7%
2024	6.9%
2023	6.7%
2022	4.1%
2021	2.9%
2020	4.7%
2019	7.3%
2018	5%
2017	6%
2016	7.5%

Fund Manager information for DSP Money Manager Fund

Name	Since	Tenure
Karan Mundhra	31 May 21	5.09 Yr.
Shalini Vasanta	1 Jan 25	1.49 Yr.

Data below for DSP Money Manager Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value
Cash	67.38%
Debt	32.37%
Other	0.25%

Debt Sector Allocation

Sector	Value
Corporate	69.33%
Cash Equivalent	20.02%
Government	10.4%

Credit Quality

Rating	Value
AA	19.83%
AAA	80.17%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Godrej Properties Limited Debentures \| -	3%	₹124 Cr	11,500
Tbill Sovereign Bonds \| -	2%	₹99 Cr	10,000,000
DCB Bank Limited Debentures \| -	2%	₹99 Cr	2,000
Aditya Birla Renewables Limited Debentures \| -	2%	₹80 Cr	7,500
360 One Prime Limited Debentures \| -	2%	₹76 Cr	7,500
5.74% Govt Stock 2026 Sovereign Bonds \| -	2%	₹75 Cr	7,500,000 ↓ -5,500,000
Small Industries Development Bank of India Debentures \| -	2%	₹70 Cr	1,500 ↑ 1,500
Piramal Finance Limited Debentures \| -	1%	₹69 Cr	6,500 ↑ 1,500
Nuvama Wealth Finance Limited Debentures \| -	1%	₹54 Cr	5,000
Nuvama Wealth And Investment Limited Debentures \| -	1%	₹52 Cr	5,000

10. Nippon India Liquid Fund

(Erstwhile Reliance Liquid Fund - Treasury 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.

Research Highlights for Nippon India Liquid Fund

Highest AUM (₹35,870 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.26% (top quartile).
1M return: 0.53% (bottom quartile).
Sharpe: 2.12 (top quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.98% (bottom quartile).
Modified duration: 0.12 yrs (top quartile).
Average maturity: 0.13 yrs (top quartile).
Exit load: NIL.
Top sector: Financial Services.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Triparty Repo (~4.7%).

Below is the key information for Nippon India Liquid Fund

Nippon India Liquid Fund Growth
Launch Date	9 Dec 03
NAV (22 Jul 26)	₹6,795.83 ↑ 0.55 (0.01 %)
Net Assets (Cr)	₹35,870 on 30 Jun 26
Category	Debt - Liquid Fund
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.33
Sharpe Ratio	2.12
Information Ratio	0
Alpha Ratio	0
Min Investment	100
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.98%
Effective Maturity	1 Month 17 Days
Modified Duration	1 Month 14 Days

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,353
30 Jun 23	₹11,011
30 Jun 24	₹11,810
30 Jun 25	₹12,654
30 Jun 26	₹13,447

Nippon India Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Nippon India Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	0.5%
3 Month	1.6%
6 Month	3.3%
1 Year	6.3%
3 Year	6.9%
5 Year	6.1%
10 Year
15 Year
Since launch	6.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.5%
2024	7.3%
2023	7%
2022	4.8%
2021	3.2%
2020	4.3%
2019	6.7%
2018	7.4%
2017	6.7%
2016	7.7%

Fund Manager information for Nippon India Liquid Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	8.11 Yr.
Vikash Agarwal	14 Sep 24	1.79 Yr.
Amber Singhania	11 Mar 26	0.31 Yr.

Data below for Nippon India Liquid Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value
Cash	99.61%
Debt	0.17%
Other	0.22%

Debt Sector Allocation

Sector	Value
Cash Equivalent	85.08%
Government	8.26%
Corporate	6.45%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Triparty Repo CBLO/Reverse Repo \| -	5%	₹2,077 Cr
Reverse Repo CBLO/Reverse Repo \| -	3%	₹1,513 Cr
National Bank For Agriculture And Rural Development Commercial Paper \| -	2%	₹997 Cr	20,000 ↓ -5,000
India (Republic of) - \| -	2%	₹990 Cr	99,500,000 ↑ 500,000
Indian Oil Corp Ltd. Commercial Paper \| -	2%	₹774 Cr	15,500 ↑ 15,500
Reliance Retail Ventures Limited Commercial Paper \| -	2%	₹749 Cr	15,000
Ntpc Ltd Commercial Paper \| -	2%	₹746 Cr	15,000
IDBI Bank Limited (Industrial Development Bank Of India Ltd) Certificate of Deposit \| -	2%	₹742 Cr	15,000 ↑ 15,000
Small Industries Development Bank of India Commercial Paper \| -	2%	₹738 Cr	15,000 ↑ 15,000
National Bank for Agriculture and Rural Development Commercial Paper \| -	2%	₹738 Cr	15,000 ↑ 15,000

Disclaimer:
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