ریکرنگ ڈپازٹ بمقابلہ فکسڈ ڈپازٹ: کون سا بہتر ہے؟

Updated on May 17, 2026 , 10850 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. 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 (₹11,083 Cr).
Oldest track record among peers (24 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 5.91% (lower mid).
1M return: 0.25% (lower mid).
Sharpe: 1.37 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.97% (top quartile).
Modified duration: 0.49 yrs (bottom quartile).
Average maturity: 0.71 yrs (bottom quartile).
Exit load: NIL.
Top sector: Financial Services.
Higher exposure to Corporate (bond sector) vs peer median.
Conservative stance with elevated cash (~48%).
High-quality debt (AAA/AA ~100%).
Largest holding Tbill (~3.6%).

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 (19 May 26)	₹4,237.26 ↑ 1.11 (0.03 %)
Net Assets (Cr)	₹11,083 on 30 Apr 26
Category	Debt - Ultrashort Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Low
Expense Ratio	1.12
Sharpe Ratio	1.37
Information Ratio	0
Alpha Ratio	0
Min Investment	100
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	7.97%
Effective Maturity	8 Months 14 Days
Modified Duration	5 Months 26 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,759
30 Apr 23	₹11,351
30 Apr 24	₹12,139
30 Apr 25	₹13,031
30 Apr 26	₹13,832

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 19 May 26

Duration	Returns
1 Month	0.3%
3 Month	1.4%
6 Month	2.7%
1 Year	5.9%
3 Year	6.7%
5 Year	6.7%
10 Year
15 Year
Since launch	6.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.8%
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%

Fund Manager information for Nippon India Ultra Short Duration Fund

Name	Since	Tenure
Vivek Sharma	1 Oct 13	12.59 Yr.
Kinjal Desai	25 May 18	7.94 Yr.
Akshay Sharma	1 Dec 22	3.42 Yr.
Amber Singhania	11 Mar 26	0.14 Yr.

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

Asset Allocation

Asset Class	Value
Cash	48.37%
Debt	51.35%
Other	0.29%

Debt Sector Allocation

Sector	Value
Corporate	65.74%
Cash Equivalent	24.54%
Government	9.43%

Credit Quality

Rating	Value
AA	32.95%
AAA	67.05%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Tbill Sovereign Bonds \| -	4%	₹392 Cr	40,000,000 ↑ 40,000,000
16/04/2026 Maturing 182 DTB Sovereign Bonds \| -	2%	₹250 Cr	25,000,000
Vedanta Limited Debentures \| -	2%	₹241 Cr	24,000
Indigrid Infrastructure Trust Debentures \| -	2%	₹240 Cr	2,400 ↑ 1,250
TATA Communications Limited Debentures \| -	2%	₹225 Cr	22,500
30/04/2026 Maturing 182 DTB Sovereign Bonds \| -	2%	₹215 Cr	21,500,000
Aadhar Housing Finance Limited Debentures \| -	2%	₹201 Cr	20,000
Embassy Office Parks Reit Debentures \| -	2%	₹200 Cr	2,000
L&T Metro Rail (Hyderabad) Limited Debentures \| -	2%	₹195 Cr	1,950
National Bank for Agriculture and Rural Development Domestic Bonds \| -	2%	₹188 Cr	4,000 ↑ 4,000

2. 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 (₹4,126 Cr).
Established history (22+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately Low.
1Y return: 5.69% (bottom quartile).
1M return: 0.25% (lower mid).
Sharpe: 0.54 (bottom quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.80% (top quartile).
Modified duration: 0.55 yrs (bottom quartile).
Average maturity: 0.64 yrs (bottom quartile).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Higher exposure to Corporate (bond sector) vs peer median.
Conservative stance with elevated cash (~66%).
High-quality debt (AAA/AA ~100%).
Largest holding Tbill (~7.2%).

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund Growth
Launch Date	29 Aug 03
NAV (19 May 26)	₹4,448.19 ↑ 0.83 (0.02 %)
Net Assets (Cr)	₹4,126 on 30 Apr 26
Category	Debt - Ultrashort Bond
AMC	UTI Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.93
Sharpe Ratio	0.54
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.8%
Effective Maturity	7 Months 21 Days
Modified Duration	6 Months 18 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,613
30 Apr 23	₹11,178
30 Apr 24	₹11,957
30 Apr 25	₹12,830
30 Apr 26	₹13,585

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 19 May 26

Duration	Returns
1 Month	0.3%
3 Month	1.3%
6 Month	2.6%
1 Year	5.7%
3 Year	6.6%
5 Year	6.3%
10 Year
15 Year
Since launch	6.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.6%
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%

Fund Manager information for UTI Ultra Short Term Fund

Name	Since	Tenure
Abhishek Sonthalia	10 Nov 25	0.47 Yr.

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

Asset Allocation

Asset Class	Value
Cash	65.56%
Debt	34.12%
Other	0.32%

Debt Sector Allocation

Sector	Value
Corporate	55.43%
Cash Equivalent	32.28%
Government	11.97%

Credit Quality

Rating	Value
AA	24.96%
AAA	75.04%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Tbill Sovereign Bonds \| -	7%	₹298 Cr	3,000,000,000
Kotak Mahindra Bank Ltd. Debentures \| -	4%	₹171 Cr	1,750,000,000 ↑ 1,250,000,000
HDFC Bank Ltd. Debentures \| -	3%	₹122 Cr	1,250,000,000 ↑ 750,000,000
Shriram Finance Limited Debentures \| -	2%	₹100 Cr	10,000
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹100 Cr	10,000
Small Industries Development Bank Of India Debentures \| -	2%	₹100 Cr	10,000 ↑ 10,000
Kotak Mahindra Bank Ltd. Debentures \| -	2%	₹100 Cr	1,000,000,000
Piramal Finance Limited Debentures \| -	2%	₹86 Cr	8,500
Piramal Finance Limited Debentures \| -	2%	₹75 Cr	7,500
TATA Communications Limited Debentures \| -	2%	₹75 Cr	7,500

3. Aditya Birla Sun Life Liquid Fund

(Erstwhile Aditya Birla Sun Life Cash Plus Fund)

An Open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.

Research Highlights for Aditya Birla Sun Life Liquid Fund

Highest AUM (₹56,604 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.16% (top quartile).
1M return: 0.40% (upper mid).
Sharpe: 2.18 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 7.73% (upper mid).
Modified duration: 0.18 yrs (upper mid).
Average maturity: 0.18 yrs (upper mid).
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 Net Receivables / (Payables) (~9.3%).

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

Aditya Birla Sun Life Liquid Fund Growth
Launch Date	30 Mar 04
NAV (19 May 26)	₹443.455 ↑ 0.06 (0.01 %)
Net Assets (Cr)	₹56,604 on 30 Apr 26
Category	Debt - Liquid Fund
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.34
Sharpe Ratio	2.18
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.73%
Effective Maturity	2 Months 5 Days
Modified Duration	2 Months 5 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,341
30 Apr 23	₹10,960
30 Apr 24	₹11,754
30 Apr 25	₹12,611
30 Apr 26	₹13,395

Aditya Birla Sun Life 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 Aditya Birla Sun Life 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 19 May 26

Duration	Returns
1 Month	0.4%
3 Month	1.6%
6 Month	3.1%
1 Year	6.2%
3 Year	6.9%
5 Year	6%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.5%
2023	7.3%
2022	7.1%
2021	4.8%
2020	3.3%
2019	4.3%
2018	6.7%
2017	7.4%
2016	6.7%
2015	7.7%

Fund Manager information for Aditya Birla Sun Life Liquid Fund

Name	Since	Tenure
Sunaina Cunha	15 Jul 11	14.8 Yr.
Kaustubh Gupta	15 Jul 11	14.8 Yr.
Sanjay Pawar	1 Jul 22	3.83 Yr.

Data below for Aditya Birla Sun Life Liquid Fund as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	99.75%
Other	0.25%

Debt Sector Allocation

Sector	Value
Cash Equivalent	72.91%
Corporate	21.04%
Government	5.8%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Net Receivables / (Payables) Net Current Assets \| -	9%	-₹5,278 Cr
Tbill Sovereign Bonds \| -	4%	₹2,433 Cr	244,000,000
Tbill Sovereign Bonds \| -	4%	₹2,261 Cr	226,522,000
India (Republic of) - \| -	4%	₹1,990 Cr	200,000,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	3%	₹1,798 Cr	36,000
Indusind Bank Limited (22/05/2026) ** # Certificate of Deposit \| -	3%	₹1,495 Cr	30,000 ↑ 30,000
Punjab National Bank Domestic Bonds \| -	2%	₹1,215 Cr	24,500 ↓ -500
Canara Bank Certificate of Deposit \| -	2%	₹999 Cr	20,000
Punjab & Sind Bank Debentures \| -	2%	₹997 Cr	20,000
Rbl Bank Limited (11/06/2026) ** # Certificate of Deposit \| -	2%	₹993 Cr	20,000 ↑ 20,000

4. 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 (₹15,929 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 6.05% (lower mid).
1M return: 0.24% (bottom quartile).
Sharpe: 1.75 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.73% (upper mid).
Modified duration: 0.46 yrs (lower mid).
Average maturity: 0.58 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 (~94%).
High-quality debt (AAA/AA ~100%).
Largest holding RADHAKRISHNA SECURITISATION TRUST (~3.2%).

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 (19 May 26)	₹29.1587 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹15,929 on 30 Apr 26
Category	Debt - Ultrashort Bond
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.8
Sharpe Ratio	1.75
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	7.73%
Effective Maturity	6 Months 29 Days
Modified Duration	5 Months 16 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,383
30 Apr 23	₹10,971
30 Apr 24	₹11,764
30 Apr 25	₹12,647
30 Apr 26	₹13,447

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 19 May 26

Duration	Returns
1 Month	0.2%
3 Month	1.3%
6 Month	2.7%
1 Year	6%
3 Year	6.9%
5 Year	6.1%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.1%
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%

Fund Manager information for ICICI Prudential Ultra Short Term Fund

Name	Since	Tenure
Manish Banthia	15 Nov 16	9.46 Yr.
Ritesh Lunawat	15 Jun 17	8.88 Yr.

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

Asset Allocation

Asset Class	Value
Cash	94.24%
Debt	5.4%
Other	0.36%

Debt Sector Allocation

Sector	Value
Corporate	60.86%
Cash Equivalent	58.77%

Credit Quality

Rating	Value
AA	22.35%
AAA	77.65%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
RADHAKRISHNA SECURITISATION TRUST Unlisted bonds \| -	3%	₹441 Cr	450
Vedanta Limited Debentures \| -	3%	₹352 Cr	35,000
6.22% Govt Stock 2028 Sovereign Bonds \| -	2%	₹310 Cr	30,773,600
Muthoot Finance Limited Debentures \| -	2%	₹296 Cr	29,500
Piramal Finance Limited Debentures \| -	2%	₹241 Cr	24,000 ↓ -500
AU Small Finance Bank Ltd. Debentures \| -	2%	₹237 Cr	5,000
National Bank For Agriculture And Rural Development Debentures \| -	1%	₹200 Cr	20,000
Motilal Oswal Home Finance Limited Debentures \| -	1%	₹200 Cr	20,000
Nuvama Wealth Finance Limited Debentures \| -	1%	₹200 Cr	20,000
Small Industries Development Bank Of India Debentures \| -	1%	₹200 Cr	20,000

5. ICICI Prudential Liquid Fund

(Erstwhile ICICI Prudential Liquid Plan)

To provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in money market and debt securities.

Research Highlights for ICICI Prudential Liquid Fund

Top quartile AUM (₹54,639 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.11% (upper mid).
1M return: 0.41% (top quartile).
Sharpe: 2.10 (upper mid).
Information ratio: 0.33 (top quartile).
Yield to maturity (debt): 7.72% (upper mid).
Modified duration: 0.15 yrs (top quartile).
Average maturity: 0.17 yrs (top quartile).
Exit load: NIL.
Top bond sector: Cash Equivalent.
Conservative stance with elevated cash (~100%).
High-quality debt (AAA/AA ~100%).
Largest holding Net Current Assets (~12.8%).

Below is the key information for ICICI Prudential Liquid Fund

ICICI Prudential Liquid Fund Growth
Launch Date	17 Nov 05
NAV (19 May 26)	₹407.24 ↑ 0.06 (0.02 %)
Net Assets (Cr)	₹54,639 on 30 Apr 26
Category	Debt - Liquid Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.29
Sharpe Ratio	2.1
Information Ratio	0.33
Alpha Ratio	-0.05
Min Investment	500
Min SIP Investment	99
Exit Load	NIL
Yield to Maturity	7.72%
Effective Maturity	2 Months 1 Day
Modified Duration	1 Month 25 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,337
30 Apr 23	₹10,945
30 Apr 24	₹11,737
30 Apr 25	₹12,591
30 Apr 26	₹13,366

ICICI Prudential 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 ICICI Prudential 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 19 May 26

Duration	Returns
1 Month	0.4%
3 Month	1.6%
6 Month	3.1%
1 Year	6.1%
3 Year	6.9%
5 Year	6%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.5%
2023	7.4%
2022	7%
2021	4.8%
2020	3.2%
2019	4.3%
2018	6.6%
2017	7.4%
2016	6.6%
2015	7.7%

Fund Manager information for ICICI Prudential Liquid Fund

Name	Since	Tenure
Nikhil Kabra	1 Dec 23	2.42 Yr.
Darshil Dedhia	12 Jun 23	2.89 Yr.

Data below for ICICI Prudential Liquid Fund as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	99.67%
Other	0.33%

Debt Sector Allocation

Sector	Value
Cash Equivalent	55.65%
Corporate	29.11%
Government	14.91%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Net Current Assets Net Current Assets \| -	13%	-₹5,470 Cr
India (Republic of) - \| -	10%	₹4,448 Cr	450,000,000 ↑ 450,000,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	6%	₹2,579 Cr	52,000
Axis Bank Limited Certificate of Deposit \| -	3%	₹1,488 Cr	30,000
Small Industries Development Bank Of India Commercial Paper \| -	3%	₹1,488 Cr	30,000
Indusind Bank Limited Certificate of Deposit \| -	3%	₹1,485 Cr	30,000
Union Bank of India Domestic Bonds \| -	3%	₹1,477 Cr	30,000 ↑ 30,000
Small Industries Dev Bank Of India Commercial Paper \| -	3%	₹1,237 Cr	25,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	3%	₹1,189 Cr	24,000
India (Republic of) - \| -	3%	₹1,143 Cr	115,500,000 ↑ 15,500,000

6. 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

Upper mid AUM (₹37,903 Cr).
Established history (22+ yrs).
Rating: 4★ (upper mid).
Risk profile: Low.
1Y return: 6.14% (upper mid).
1M return: 0.41% (upper mid).
Sharpe: 2.07 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.72% (lower mid).
Modified duration: 0.17 yrs (upper mid).
Average maturity: 0.18 yrs (upper mid).
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 (~8.3%).

Below is the key information for Nippon India Liquid Fund

Nippon India Liquid Fund Growth
Launch Date	9 Dec 03
NAV (19 May 26)	₹6,715.01 ↑ 0.93 (0.01 %)
Net Assets (Cr)	₹37,903 on 30 Apr 26
Category	Debt - Liquid Fund
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Low
Expense Ratio	0.33
Sharpe Ratio	2.07
Information Ratio	0
Alpha Ratio	0
Min Investment	100
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	7.72%
Effective Maturity	2 Months 6 Days
Modified Duration	2 Months 1 Day

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,337
30 Apr 23	₹10,945
30 Apr 24	₹11,735
30 Apr 25	₹12,586
30 Apr 26	₹13,365

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 19 May 26

Duration	Returns
1 Month	0.4%
3 Month	1.6%
6 Month	3.1%
1 Year	6.1%
3 Year	6.9%
5 Year	6%
10 Year
15 Year
Since launch	6.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.5%
2023	7.3%
2022	7%
2021	4.8%
2020	3.2%
2019	4.3%
2018	6.7%
2017	7.4%
2016	6.7%
2015	7.7%

Fund Manager information for Nippon India Liquid Fund

Name	Since	Tenure
Kinjal Desai	25 May 18	7.94 Yr.
Vikash Agarwal	14 Sep 24	1.63 Yr.
Amber Singhania	11 Mar 26	0.14 Yr.

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

Asset Allocation

Asset Class	Value
Cash	99.76%
Other	0.24%

Debt Sector Allocation

Sector	Value
Cash Equivalent	77.9%
Corporate	16.06%
Government	5.8%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Triparty Repo CBLO/Reverse Repo \| -	8%	₹3,328 Cr
Reverse Repo CBLO/Reverse Repo \| -	7%	₹2,722 Cr
Tbill Sovereign Bonds \| -	3%	₹1,251 Cr	125,665,500
Reliance Retail Ventures Limited Commercial Paper \| -	2%	₹747 Cr	15,000
Reliance Retail Ventures Limited Commercial Paper \| -	2%	₹742 Cr	15,000 ↑ 15,000
National Bank for Agriculture and Rural Development Commercial Paper \| -	2%	₹741 Cr	15,000 ↑ 15,000
Indusind Bank Ltd. Debentures \| -	2%	₹721 Cr	14,500 ↑ 3,500
Small Industries Development Bank of India Commercial Paper \| -	2%	₹692 Cr	14,000
Tbill Sovereign Bonds \| -	2%	₹646 Cr	65,000,000
National Bank for Agriculture and Rural Development Commercial Paper \| -	2%	₹644 Cr	13,000 ↑ 4,000

7. PGIM India Insta Cash Fund

(Erstwhile DHFL Pramerica Insta Cash Plus Fund)

To generate steady returns along with high liquidity by investing in a portfolio of short-term, high quality money market and debt instruments.

Research Highlights for PGIM India Insta Cash Fund

Bottom quartile AUM (₹584 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Low.
1Y return: 6.17% (top quartile).
1M return: 0.42% (top quartile).
Sharpe: 2.13 (top quartile).
Information ratio: 0.45 (top quartile).
Yield to maturity (debt): 7.71% (lower mid).
Modified duration: 0.16 yrs (top quartile).
Average maturity: 0.17 yrs (top quartile).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Conservative stance with elevated cash (~96%).
High-quality debt (AAA/AA ~100%).
Largest holding Bank of Baroda (~7.5%).

Below is the key information for PGIM India Insta Cash Fund

PGIM India Insta Cash Fund Growth
Launch Date	5 Sep 07
NAV (19 May 26)	₹358.295 ↑ 0.06 (0.02 %)
Net Assets (Cr)	₹584 on 30 Apr 26
Category	Debt - Liquid Fund
AMC	Pramerica Asset Managers Private Limited
Rating	☆☆☆☆☆
Risk	Low
Expense Ratio	0.25
Sharpe Ratio	2.13
Information Ratio	0.45
Alpha Ratio	-0.05
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.71%
Effective Maturity	2 Months 1 Day
Modified Duration	1 Month 27 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,340
30 Apr 23	₹10,954
30 Apr 24	₹11,744
30 Apr 25	₹12,600
30 Apr 26	₹13,382

PGIM India Insta Cash 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 PGIM India Insta Cash Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 May 26

Duration	Returns
1 Month	0.4%
3 Month	1.6%
6 Month	3.1%
1 Year	6.2%
3 Year	6.9%
5 Year	6%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.5%
2023	7.3%
2022	7%
2021	4.8%
2020	3.3%
2019	4.2%
2018	6.7%
2017	7.4%
2016	6.7%
2015	7.7%

Fund Manager information for PGIM India Insta Cash Fund

Name	Since	Tenure
Puneet Pal	16 Jul 22	3.79 Yr.
Akhil Dhar	25 Feb 26	0.18 Yr.

Data below for PGIM India Insta Cash Fund as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	95.89%
Debt	3.76%
Other	0.35%

Debt Sector Allocation

Sector	Value
Cash Equivalent	67.98%
Corporate	24.9%
Government	6.77%

Credit Quality

Rating	Value
AA	4.69%
AAA	95.31%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bank of Baroda Debentures \| -	8%	₹50 Cr	5,000,000
Export Import Bank Of India Commercial Paper \| -	8%	₹50 Cr	5,000,000
Clearing Corporation Of India Ltd. CBLO/Reverse Repo \| -	7%	₹45 Cr
India (Republic of) - \| -	7%	₹45 Cr	4,500,000 ↑ 4,500,000
Hsbc Investdirect Financial Services India Limited Certificate of Deposit \| -	6%	₹40 Cr	4,000,000
09/07/2026 Maturing 182 DTB Sovereign Bonds \| -	4%	₹30 Cr	3,000,000 ↑ 3,000,000
Aadhar Housing Finance Limited Debentures \| -	4%	₹25 Cr	2,500,000
Canara Bank Certificate of Deposit \| -	4%	₹25 Cr	2,500,000
Punjab National Bank Certificate of Deposit \| -	4%	₹25 Cr	2,500,000
Punjab National Bank Certificate of Deposit \| -	4%	₹25 Cr	2,500,000 ↑ 2,500,000

8. 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 (₹4,167 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 5.62% (bottom quartile).
1M return: 0.19% (bottom quartile).
Sharpe: 0.35 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.71% (bottom quartile).
Modified duration: 0.46 yrs (lower mid).
Average maturity: 0.69 yrs (bottom quartile).
Exit load: NIL.
Higher exposure to Corporate (bond sector) vs peer median.
Conservative stance with elevated cash (~63%).
High-quality debt (AAA/AA ~100%).
Largest holding National Bank For Agriculture And Rural Development (~5.9%).

Below is the key information for DSP Money Manager Fund

DSP Money Manager Fund Growth
Launch Date	31 Jul 06
NAV (19 May 26)	₹3,572.51 ↑ 0.74 (0.02 %)
Net Assets (Cr)	₹4,167 on 15 Apr 26
Category	Debt - Ultrashort Bond
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆
Risk	Moderately Low
Expense Ratio	1.02
Sharpe Ratio	0.35
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.71%
Effective Maturity	8 Months 8 Days
Modified Duration	5 Months 16 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,302
30 Apr 23	₹10,833
30 Apr 24	₹11,578
30 Apr 25	₹12,422
30 Apr 26	₹13,147

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 19 May 26

Duration	Returns
1 Month	0.2%
3 Month	1.4%
6 Month	2.6%
1 Year	5.6%
3 Year	6.6%
5 Year	5.6%
10 Year
15 Year
Since launch	6.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.7%
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%

Fund Manager information for DSP Money Manager Fund

Name	Since	Tenure
Karan Mundhra	31 May 21	4.92 Yr.
Shalini Vasanta	1 Jan 25	1.33 Yr.

Data below for DSP Money Manager Fund as on 15 Apr 26

Asset Allocation

Asset Class	Value
Cash	63.35%
Debt	36.25%
Other	0.41%

Debt Sector Allocation

Sector	Value
Corporate	67.87%
Cash Equivalent	19.27%
Government	12.46%

Credit Quality

Rating	Value
AA	20.53%
AAA	79.47%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
National Bank For Agriculture And Rural Development Debentures \| -	6%	₹232 Cr	22,000
Godrej Properties Limited Debentures \| -	3%	₹133 Cr	12,500
Aditya Birla Renewables Limited Debentures \| -	2%	₹79 Cr	7,500
Rec Limited Debentures \| -	2%	₹79 Cr	7,500
Aadhar Housing Finance Limited Debentures \| -	2%	₹78 Cr	7,200
Nuvama Wealth Finance Limited Debentures \| -	1%	₹53 Cr	5,000
Cholamandalam Investment And Finance Company Limited Debentures \| -	1%	₹53 Cr	5,000
Rec Limited Debentures \| -	1%	₹53 Cr	5,000
Power Finance Corporation Limited Debentures \| -	1%	₹53 Cr	5,000
Power Finance Corporation Limited Debentures \| -	1%	₹52 Cr	500

9. 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 (₹1,073 Cr).
Established history (15+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 5.86% (bottom quartile).
1M return: 0.24% (bottom quartile).
Sharpe: 0.98 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.66% (bottom quartile).
Modified duration: 0.48 yrs (bottom quartile).
Average maturity: 0.50 yrs (lower mid).
Exit load: NIL.
Higher exposure to Corporate (bond sector) vs peer median.
Conservative stance with elevated cash (~49%).
High-quality debt (AAA/AA ~100%).
Largest holding National Bank For Agriculture And Rural Development (~7.0%).

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 (19 May 26)	₹2,834.5 ↑ 0.54 (0.02 %)
Net Assets (Cr)	₹1,073 on 30 Apr 26
Category	Debt - Ultrashort Bond
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.74
Sharpe Ratio	0.98
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.66%
Effective Maturity	6 Months 1 Day
Modified Duration	5 Months 24 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,314
30 Apr 23	₹10,850
30 Apr 24	₹11,625
30 Apr 25	₹12,488
30 Apr 26	₹13,244

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 19 May 26

Duration	Returns
1 Month	0.2%
3 Month	1.4%
6 Month	2.7%
1 Year	5.9%
3 Year	6.8%
5 Year	5.8%
10 Year
15 Year
Since launch	7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.8%
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%

Fund Manager information for Invesco India Ultra Short Term Fund

Name	Since	Tenure
Krishna Cheemalapati	4 Jan 20	6.33 Yr.
Vikas Garg	27 Jul 21	4.76 Yr.

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

Asset Allocation

Asset Class	Value
Cash	48.99%
Debt	50.63%
Other	0.38%

Debt Sector Allocation

Sector	Value
Corporate	46.57%
Cash Equivalent	30.32%
Government	22.74%

Credit Quality

Rating	Value
AA	15.72%
AAA	84.28%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
National Bank For Agriculture And Rural Development Debentures \| -	7%	₹75 Cr	7,500,000 ↓ -2,500,000
Small Industries Development Bank Of India Debentures \| -	6%	₹65 Cr	6,500,000
Export Import Bank Of India Debentures \| -	5%	₹50 Cr	5,000,000
17/09/2026 Maturing 364 DTB Sovereign Bonds \| -	5%	₹49 Cr	5,000,000 ↑ 5,000,000
Power Grid Corporation Of India Limited Debentures \| -	3%	₹35 Cr	3,500,000 ↑ 3,500,000
Power Finance Corporation Limited Debentures \| -	3%	₹35 Cr	3,500,000
India (Republic of) - \| -	3%	₹34 Cr	3,500,000 ↑ 3,500,000
Manappuram Finance Limited Debentures \| -	3%	₹28 Cr	2,800,000
Piramal Finance Limited Debentures \| -	2%	₹25 Cr	2,500,000
Sundaram Home Finance Limited Debentures \| -	2%	₹25 Cr	2,500,000 ↑ 2,500,000

10. Kotak Liquid Fund

Aims to provide reasonable returns and high level of liquidity by investing in debt instruments such as bonds, debentures, Government Securities, money market instruments such as treasury bills, commercial paper, certificate of deposit, including repos in permitted securities of different maturities so as to spread the risk across different kinds of issuers in the debt markets.

Research Highlights for Kotak Liquid Fund

Upper mid AUM (₹42,389 Cr).
Established history (22+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: Low.
1Y return: 6.12% (upper mid).
1M return: 0.40% (upper mid).
Sharpe: 2.03 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 7.64% (bottom quartile).
Modified duration: 0.19 yrs (upper mid).
Average maturity: 0.19 yrs (upper mid).
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 Net Current Assets/(Liabilities) (~22.6%).

Below is the key information for Kotak Liquid Fund

Kotak Liquid Fund Growth
Launch Date	4 Nov 03
NAV (19 May 26)	₹5,560.22 ↑ 0.80 (0.01 %)
Net Assets (Cr)	₹42,389 on 30 Apr 26
Category	Debt - Liquid Fund
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆
Risk	Low
Expense Ratio	0.31
Sharpe Ratio	2.03
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	7.64%
Effective Maturity	2 Months 8 Days
Modified Duration	2 Months 8 Days

Growth of 10,000 investment over the years.

Date	Value
30 Apr 21	₹10,000
30 Apr 22	₹10,335
30 Apr 23	₹10,938
30 Apr 24	₹11,730
30 Apr 25	₹12,580
30 Apr 26	₹13,356

Kotak Liquid 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 Kotak 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 19 May 26

Duration	Returns
1 Month	0.4%
3 Month	1.6%
6 Month	3.1%
1 Year	6.1%
3 Year	6.8%
5 Year	6%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.5%
2023	7.3%
2022	7%
2021	4.7%
2020	3.2%
2019	4.1%
2018	6.5%
2017	7.4%
2016	6.7%
2015	7.6%

Fund Manager information for Kotak Liquid Fund

Name	Since	Tenure
Deepak Agrawal	1 May 07	19.01 Yr.
Sunil Pandey	1 Jun 25	0.91 Yr.

Data below for Kotak Liquid Fund as on 30 Apr 26

Asset Allocation

Asset Class	Value
Cash	99.7%
Other	0.3%

Debt Sector Allocation

Sector	Value
Cash Equivalent	74.07%
Corporate	19.17%
Government	6.46%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Net Current Assets/(Liabilities) Net Current Assets \| -	23%	-₹7,520 Cr
Tbill Sovereign Bonds \| -	5%	₹1,607 Cr	162,000,000
Tbill Sovereign Bonds \| -	4%	₹1,491 Cr	150,000,000
Tbill Sovereign Bonds \| -	4%	₹1,489 Cr	150,000,000
India (Republic of) - \| -	4%	₹1,486 Cr	150,000,000
5.63% Govt Stock 2026 Sovereign Bonds \| -	3%	₹1,010 Cr	101,000,000
Punjab National Bank** Cd Certificate of Deposit \| -	3%	₹991 Cr	100,000 ↑ 100,000
National Bank For Agriculture And Rural Development Commercial Paper \| -	3%	₹990 Cr	20,000
Reliance Retail Ventures Limited Commercial Paper \| -	3%	₹989 Cr	20,000
Union Bank Of India Certificate of Deposit \| -	3%	₹866 Cr	87,500 ↑ 87,500

Disclaimer:
یہاں فراہم کردہ معلومات کے درست ہونے کو یقینی بنانے کے لیے تمام کوششیں کی گئی ہیں۔ تاہم، ڈیٹا کی درستگی کے حوالے سے کوئی ضمانت نہیں دی جاتی ہے۔ براہ کرم کوئی بھی سرمایہ کاری کرنے سے پہلے اسکیم کی معلومات کے دستاویز کے ساتھ تصدیق کریں۔