Best Ultra Short Term Funds

Best Ultra Short Term Funds

The table below shows Best Ultra Short Term Funds based on AUM, NAV and minimum SIP.

NameAUMNAVMinimum SIP
SBI Magnum Ultra Short Duration Fund15030.195329.751500.00
Aditya Birla SL Savings Fund14682.62486.431000.00
HDFC Ultra Short Term Fund13734.3213.555000.00
ICICI Pru Ultra Short Term Fund Fund13376.3926.16500.00
Kotak Savings Fund13066.4139.35100.00
Nippon India Ultra Short Duration Fund5853.813871.851500.00
Axis Ultra Short Term Fund5214.3813.641000.00
Bandhan Ultra Short Term Fund3562.0513.51100.00
HSBC Ultra Short Duration Fund2992.411202.591500.00
UTI Ultra Short Term Fund2493.953977.41500.00
DSP Ultra Short Fund2471.103231.59100.00

Ultra short-duration funds are debt funds that lend to companies for a short duration of 3 to 6 months. They are very low-risk funds.

Content:

Ultra Short Term Funds

The table below shows Best Ultra Short Term Funds based on lowest to highest expense ratio. 

NameExpense Ratio
ITI Ultra Short Duration Fund0.10
Sundaram Ultra Short Duration Fund0.17
HSBC Ultra Short Duration Fund0.22
Mirae Asset Ultra Short Duration Fund0.23
Bandhan Ultra Short Term Fund0.24
Invesco India Ultra Short Term Fund0.24
Tata Ultra Short Term Fund0.25
PGIM India Ultra Short Duration Fund0.27
Baroda BNP Paribas Ultra Short Duration Fund0.29
Mahindra Manulife Ultra Short Duration Fund0.29

Good Ultra Short Term Funds

The table below shows Good Ultra Short Term Funds In India based on Highest 3Y CAGR.

NameCAGR 3Y
Nippon India Ultra Short Duration Fund7.22
UTI Ultra Short Term Fund6.08
ICICI Pru Ultra Short Term Fund Fund5.55
Axis Ultra Short Term Fund5.35
Aditya Birla SL Savings Fund5.32
Baroda BNP Paribas Ultra Short Duration Fund5.18
Tata Ultra Short Term Fund5.15
HDFC Ultra Short Term Fund5.12
Kotak Savings Fund5.07
PGIM India Ultra Short Duration Fund5.05

Best Ultra Short Term Debt Funds In India

The table below shows Best Ultra Short Term Debt Funds In India based on Absolute Returns – 6M.

NameAbsolute Returns – 6M
Nippon India Ultra Short Duration Fund3.90
Axis Ultra Short Term Fund3.87
Baroda BNP Paribas Ultra Short Duration Fund3.86
ICICI Pru Ultra Short Term Fund Fund3.85
Aditya Birla SL Savings Fund3.85
Tata Ultra Short Term Fund3.82
Invesco India Ultra Short Term Fund3.82
HDFC Ultra Short Term Fund3.80
Kotak Savings Fund3.80
Mahindra Manulife Ultra Short Duration Fund3.80

Best Ultra Short Term Funds

The table below shows Best Ultra Short Term Funds based on Absolute Return 1 Year and AMC.

NameAMCAbsolute Returns-1Y
Nippon India Ultra Short Duration FundNippon Life India Asset Management Limited7.31
Baroda BNP Paribas Ultra Short Duration FundBaroda BNP Paribas Asset Management India Pvt. Ltd.7.25
Axis Ultra Short Term FundAxis Asset Management Company Ltd.7.23
ICICI Pru Ultra Short Term Fund FundICICI Prudential Asset Management Company Limited7.19
Sundaram Ultra Short Duration FundSundaram Asset Management Company Limited7.14
Aditya Birla SL Savings FundAditya Birla Sun Life AMC Limited7.14
Tata Ultra Short Term FundTata Asset Management Private Limited7.12
Mahindra Manulife Ultra Short Duration FundMahindra Manulife Investment Management Private Limited7.09
Kotak Savings FundKotak Mahindra Asset Management Company Limited7.08
HDFC Ultra Short Term FundHDFC Asset Management Company Limited7.06

Best Ultra Short Term Funds – FAQs  

1. What are the Best Ultra Short Term Funds?

Best Ultra Short Term Funds #1:SBI Magnum Ultra Short Duration Fund

Best Ultra Short Term Funds #2:Aditya Birla SL Savings Fund

Best Ultra Short Term Funds #3:HDFC Ultra Short Term Fund

Best Ultra Short Term Funds #4:ICICI Pru Ultra Short Term Fund Fund

Best Ultra Short Term Funds #5:Kotak Savings Fund

These funds are listed based on Highest AUM.

2. Is ultra short term fund better than FD?

Ultra-short-term funds provide higher returns and liquidity, suitable for short-term goals, while fixed deposits offer guaranteed, lower-risk returns, ideal for capital preservation and conservative investors. The choice depends on risk tolerance and financial objectives.

3. Is it safe to invest in ultra short term funds?

Ultra-short-term funds are generally considered relatively safe investment options compared to many other types of mutual funds, as they primarily invest in short-term debt instruments with shorter maturities. However, they are not entirely risk-free and can be affected by factors like market fluctuations, credit risk, and interest rate changes. 

4. Which MF is best for short term investment?

Best Ultra Short Term Funds #1:Nippon India Ultra Short Duration Fund

Best Ultra Short Term Funds #2:Axis Ultra Short Term Fund

Best Ultra Short Term Funds #3:Baroda BNP Paribas Ultra Short Duration Fund

Best Ultra Short Term Funds #4:ICICI Pru Ultra Short Term Fund Fund

Best Ultra Short Term Funds #5:Aditya Birla SL Savings Fund

These funds are listed based on Absolute Returns of 6M.

5. What is the payout of ultra short term fund?

The payout of an ultra-short-term fund typically includes periodic distributions of interest income and capital gains to investors. 

6. Are ultra short term funds taxable?

Yes, ultra-short-term funds are subject to taxation. The tax treatment depends on the type of income they generate, with interest income typically taxed at your applicable income tax slab rate and capital gains taxed based on the holding period. 

7. Why invest in ultra short term funds?

Ultra-short-term funds are a preferred choice for investors looking to preserve capital while earning higher returns than standard savings accounts or fixed deposits, making them suitable for short-term financial goals. 

8. What is the maturity period of ultra short term funds?

The maturity period of ultra-short-term funds typically ranges from a few months to a year, although it can extend slightly beyond a year. 

What are the Best Ultra Short Term Funds?

Best Ultra Short Term Funds – AUM, NAV

SBI Magnum Ultra Short Duration Fund

The SBI Magnum Ultra Short Duration Fund demonstrates consistency in returns when compared to most other funds in its category. However, it exhibits a below-average ability to manage losses during market downturns and currently manages assets valued at ₹15030.19 Crores.

Aditya Birla SL Savings Fund

Aditya Birla Sun Life AMC Limited is a collaborative effort between the Aditya Birla Group and Canada’s Sun Life Financial Inc. This partnership combines the Aditya Birla Group’s deep understanding of the Indian market with Sun Life’s extensive global experience and expertise in the financial sector. . The fund manages assets totaling ₹14682.62 Crores.

HDFC Ultra Short Term Fund

The HDFC Ultra Short Term Fund Direct – Growth scheme typically aligns with the performance of most funds within its category when it comes to delivering consistent returns. It maintains an average ability to manage losses during market declines. As of June 30, 2024, the fund manages assets totaling ₹13734.32 Crores, positioning it as a medium-sized fund in its respective category.

Ultra Short Term Funds  – Expense Ratio

ITI Ultra Short Duration Fund

ITI Asset Management Holding Ltd. functions as a buy-side intermediary, advisory, and asset management firm, with a focus on Emerging and Global Markets. Its core mission is to offer clients access to a diverse range of investment opportunities, including alternative investments, ETFs, and various products tailored to different risk profiles and investment horizons. This enables investors to make informed choices and build diversified portfolios in alignment with their financial goals and risk tolerance. Additionally, the fund maintains a competitive edge with an expense ratio of 0.10%

Sundaram Ultra Short Duration Fund

The Sundaram Ultra Short Duration Fund Direct-Growth scheme typically performs in line with the majority of funds in its category when it comes to delivering consistent returns. Moreover, its ability to mitigate losses during market downturns is considered above average, which can be a valuable attribute for risk-conscious investors. Additionally, the fund maintains an expense ratio of 0.17%.

HSBC Ultra Short Duration Fund

The HSBC Ultra Short Duration Fund Direct – Growth scheme generally aligns with the performance of most funds in its category regarding the delivery of consistent returns. However, its ability to manage losses during market declines is rated as below average, which may be a consideration for risk-conscious investors. Additionally, the fund maintains an expense ratio of 0.22%, which is in line with the typical fees charged by many other Ultra Short Duration funds in the market.

Good Ultra Short Term Funds   – CAGR 3Y

UTI Ultra Short Term Fund

The UTI Ultra Short Term Fund Direct-Growth scheme exhibits a performance record that is lower in terms of delivering consistent returns compared to most other funds in its category. However, it demonstrates a higher ability to manage losses effectively during market downturns. As of the most recent data, the scheme has generated a CAGR of 6.08%  over the past three years

Kotak Savings Fund

The Kotak Savings Fund Direct-Growth scheme generally performs in line with most funds within its category in terms of delivering consistent returns. Its ability to manage losses during market declines is considered average. Moreover, the fund’s credit profile is assessed as very high, indicating that it has extended loans to borrowers with excellent credit quality, which can be a positive indicator for risk-conscious investors concerned about credit risk. The fund has generated a CAGR of 5.07%  over the past three years.

PGIM India Ultra Short Duration Fund

The PGIM India Ultra Short Duration Fund aims to achieve moderate market-related returns while emphasizing lower risk and enhanced liquidity. It achieves this by strategically investing in a portfolio of debt and money market instruments. The fund’s investment strategies are designed to align with the specific investment objectives of the schemes it offers, ensuring a balanced approach to fixed income portfolio construction. The fund has generated a CAGR of 5.05%  over the past three years.

Best Ultra Short Term Debt Funds In India – Absolute Returns – 6M

ICICI Pru Ultra Short Term Fund Fund

The ICICI Prudential Ultra Short Term Fund Direct-Growth scheme demonstrates a higher level of consistency in delivering returns compared to the majority of funds within its category. Additionally, its ability to manage losses effectively during market declines is rated as above average, which can be reassuring for investors concerned about risk. Over the past six months, the scheme has generated returns of 3.85%, reflecting its recent performance.

Tata Ultra Short Term Fund

The Tata Ultra Short Term Fund Direct – Growth scheme generally aligns with the performance of most funds within its category when it comes to delivering consistent returns. Furthermore, its ability to effectively manage losses during market downturns is considered above average, which can be a positive factor for investors seeking stability. Over the past six months, the scheme has generated returns of 3.82%, reflecting its recent performance.

Invesco India Ultra Short Term Fund

The Invesco India Ultra Short Term Fund Direct-Growth scheme typically performs on par with the majority of funds in its category when it comes to delivering consistent returns. Its ability to manage losses during market downturns is rated as average, reflecting a moderate risk profile that may suit investors seeking a balance between returns and risk mitigation. Over the past six months, the scheme has generated returns of 3.82%, reflecting its recent performance.

Best Ultra Short Term Funds – Absolute Returns – 1Y

Nippon India Ultra Short Duration Fund

The Nippon India Ultra Short Duration Fund Direct-Growth scheme exhibits a relatively lower level of consistency in delivering returns compared to the majority of funds within its category. Over the past year, the scheme has generated returns of 7.31%, reflecting its recent performance.

Baroda BNP Paribas Ultra Short Duration Fund

The Baroda BNP Paribas Ultra Short Duration Fund Direct – Growth scheme generally aligns with the performance of most funds within its category regarding the consistency of delivering returns. Its ability to manage losses during market declines is rated as average, indicating a moderate risk profile that may appeal to investors seeking a balanced approach to risk and return. Over the past year, the scheme has generated returns of 7.25%, reflecting its recent performance.

Axis Ultra Short Term Fund

The Axis Ultra Short Term Fund Direct – Growth scheme exhibits a higher level of consistency in delivering returns compared to the majority of funds within its category. Additionally, its ability to effectively manage losses during market declines is rated as above average, which can be a positive factor for investors seeking both stability and potential returns. The scheme has generated 1y returns of 7.23%.

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Disclaimer: The above article is written for educational purposes, and the company’s data mentioned in the article may change over time.

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