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5 Top-Ranked Short Term Mutual Funds For Parking Your Funds In 2021

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The Short-Term Mutual Funds' investment portfolio is made up of debt and money market securities. The funds' goal is to produce a favorable risk-adjusted return profile through tactical credit and interest rate risk management. In comparison to traditional banking choices such as a savings account or a fixed deposit, short-term mutual funds tend to give better returns. The volatility and protection from unforeseen hazards have been lowered by limiting the duration of scrips to 1-3 years. Short-term mutual funds are no longer exposed to unusually high-interest rate risks as a result of these regulation modifications, while minor credit rate risks may still exist. Here are the best short-term funds ranked by CRISIL, ValueResearch, Morningstar.

 

Nippon India Short-term Fund

Nippon India Short-term Fund

Nippon India Short Term Fund Direct-Growth is a Nippon India Mutual Fund Short Duration mutual fund plan. Nippon India Short Term Fund Direct-Growth is a medium-sized fund in its category, with assets under management (AUM) of 9,249 crores. The fund's expense ratio is 0.33 percent, which is comparable to the expense ratios charged by most other Short Duration funds. The latest NAV declared is Rs 44.092. The fund is benchmarked against CRISIL Short-Term Bond Total Return Index. There is no charge on withdrawal.

The fund's top holdings are in India Infradebt Ltd., Reserve Bank of India, Housing Development Finance Corpn. Ltd., GOI, India Grid Trust.

Funds rating

ValueResearch: 4 Star

Morningstar: 4 Star

1-Year 3-Year 5-Year
6.63% 9.02% 8.06%

HDFC Short Term Debt Fund
 

HDFC Short Term Debt Fund

HDFC Short Term Debt Fund Direct Plan-Growth is an HDFC Mutual Fund Short Duration mutual fund. HDFC Short Term Debt Fund Direct Plan-Growth is a medium-sized fund in its category, with assets under management (AUM) of 18,017 crores. The fund's expense ratio is 0.24 percent, which is comparable to the expense ratios charged by most other Short Duration funds.

HDFC Short Term Debt Fund Direct Plan has a one-year growth rate of 6.06 percent. It has returned an average of 8.72 percent per year since its inception. The und is benchmarked against CRISIL Short-Term Bond Total Return Index.

The fund's top holdings are in GOI, Rural Electrification Corpn. Ltd., Housing Development Finance Corpn. Ltd., State Bank of India, Mahanagar Telephone Nigam Ltd..

Funds rating

  • Value Research: 4 Star
  • Morningstar: 5 Star
  • CRISIL: 2 Star

1-Year 3-Year 5-Year
6.01% 9.05% 8.24%

ICICI Prudential Short Term Fund

ICICI Prudential Short Term Fund

The ability of the ICICI Prudential Short Term Fund Direct Plan-Growth scheme to provide consistent returns is better than most funds in its category. It has a strong capacity to limit losses in a down market. ICICI Prudential Short Term Fund Direct Plan-Growth has a total asset under management (AUM) of Rs. 20,921 crores and is a medium-sized fund in its category. The fund has a 0.39 percent cost ratio. The CRISIL Short-Term Bond Total Return Index serves as the fund's benchmark.

The growth returns of the ICICI Prudential Short Term Fund Direct Plan during the last year have been 6.03 percent. It has had an average yearly return of 9.13 percent since its inception. Reserve Bank of India, Uttar Pradesh State, Housing Development Finance Corpn. Ltd., State Bank of India, and Pipeline Infrastructure (India) Pvt. Ltd. are among the fund's top holdings.

Funds Rating

Value Research: 5 Star

Morningstar: 5 Star

CRISIL: 4 Star

1-Year 3-Year 5-Year
5.38% 7.55% 7.87%

Canara Robeco Short Duration Fund

Canara Robeco Short Duration Fund

Canara Robeco Short Duration Fund Direct-Growth has assets under management (AUM) of 1,078 crores,, making it a medium-sized fund in its category. The cost ratio of the fund is 0.42 percent. The Scheme invests in a variety of debt securities and money market instruments with varying maturities and risk profiles in order to generate profits.

The fund's credit record is outstanding, indicating that it has lent to borrowers of high quality. Because most funds in this category lend to similar borrowers, the risk of default is similar across the board.

Funds Rating

Value Research: 3 Star

Morningstar: 5 Star

CRISIL: 4 Star

1-Year 3-Year 5-Year
4.69% 8.07% 7.88%

Axis Short Term Fund

Axis Short Term Fund

Axis Short Term Direct Fund-Growth is an Axis Mutual Fund Short Duration mutual fund plan. Axis Short Term Direct Fund-Growth is a medium-sized fund in its category, with assets under management (AUM) of 12,182 crores. The fund has a lower cost ratio than its peers, at 0.3 percent.

Returns for Axis Short Term Direct Fund-Growth over the last year have been 5.50 percent. It has generated an average yearly return of 8.84 percent since its inception.

The fund's top holdings are in GOI, Food Corporation of India, Maharashtra State, Mahindra Rural Housing Finance Ltd., Housing Development Finance Corpn. Ltd..

Funds Rating

Value Research: 5 Star

Morningstar: 5 Star

CRISIL: 3 Star

1-Year 3-Year 5-Year
5.47% 9.07% 8.31%

Disclaimer

Disclaimer

The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advise to buy or sell stocks, gold, currency or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in

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