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Short-Term Mutual Funds are open-ended schemes that invest in securities having a maturity period ranging from 15 days to 91 days. These funds invest predominantly in high-quality assets that are of low risk.
These funds are suitable for those investors having an investment horizon shorter than three months, and risk-averse investors. Short-term funds are capable of providing much higher returns than bank deposits and provide much-needed liquidity. Thus, they are taken as the best alternate for saving bank account.
If you are looking for options to park your surplus funds for 2-3 months, you may consider investing in short-term funds. Here we have prepared a list of some of the BEST SHORT-TERM MUTUAL FUNDS, based on returns, latest Nav, ratings, performance, etc. for your assistance.
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UTI Short Term Income Fund – Growth
A short-duration category mutual fund, run and managed by UTI Mutual Fund House. The fund has 151.42% investment in Debt of which 42.38% is in Government securities, 109.04% in funds invested in very low risk securities.
The fund size of the scheme is around Rs 3,732 crores and it charges a total expense ratio of around 0.95%. The fund charges an exit load equal to 1.0% of the sell value if the fund is sold before 365 days of units allotted.
The objective of the scheme is to generate steady and reasonable income, with low risk and a high level of liquidity from a portfolio of money market securities and high-quality debt. The fund is suitable for investors who want to invest for 1-3 years and are looking for alternatives to bank deposits.
BNP Paribas Short Term Fund - Regular Plan-Growth
A short-duration category mutual fund, run and managed by BNP Paribas Mutual Fund House. The fund has 79.32% investment in Debt of which 2.47% is in Government securities, 76.85% in funds invested in very low risk securities.
The fund size of the scheme is around Rs 406 crores and it charges a total expense ratio of around 1.05%. The fund charges no exit load.
The primary objective of the Scheme is to provide income consistent with the prudent risk from a portfolio comprising various debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.
DSP Short Term Fund - Regular Plan-Growth
A short-duration category mutual fund, run and managed by DSP Mutual Fund House. The fund has 89.79% investment in Debt of which 11.94% is in Government securities, 77.85% in funds invested in very low risk securities.
The fund size of the scheme is around Rs 3,309 crores and it charges a total expense ratio of around 0.93%. The fund charges no exit load.
The primary objective of the Scheme is to generate income commensurate with the prudent risk from a portfolio constituting money market securities floating rate debt securities and debt securities.
ICICI Prudential Short Term Fund – Growth
A short-duration category mutual fund, run and managed by ICICI Prudential Mutual Fund House. The fund has 77.7% investment in Debt of which 25.21% is in Government securities, 52.5% in funds invested in very low risk securities.
The fund size of the scheme is around Rs 21,345 crores and it charges a total expense ratio of around 1.13%. The fund charges no exit load.
The primary objective of the Scheme is to generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety, and liquidity. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
To get more details about the fund you can refer to the fund fact sheet or you can get in touch with us. Call us on- 0612-6604453 or mail us at- [email protected].
For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.
Happy Investing!
(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).
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