best short term mutual funds
best short term mutual funds In this, you have been given funds from different sectors of the best mutual fund houses and information about their expense ratio, exit load, returns etc. has been given, which will help you in selecting the best short term mutual funds.
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Best short term mutual funds |
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Liquid Funds
Liquid Funds are a type of mutual fund that offers investors safe returns in funds with high exposure in a short period of time. These funds invest in commercial papers, treasury bills, and other best short term mutual funds financial instruments.
Aditya Birla Sun Life Liquid Fund
- Investment objective - Short term
- Risk level - Equal
- Return potential - Good
- Diversified - Yes
- Minimum investment - ₹500
- Fund manager - Kaustub Gupta
- Fund launch date - January 2013
- AUM - ₹51273.51 crore (31 July, 2024)
- Exit load - 0.007%
- Expense ratio - 0.21%
- Lock-in period - NA
Returns of months and Year
- 1 month - 0.59%
- 3 months - 1.79%
- 6 months - 3.71%
- 1 year - 7.40%
- 3 years - 6.09%
Investment Portfolio
Commercial Paper, Certificate of Deposit, CBLO/Reverse Repo, Treasury Bills, Floating Rate Notes, Debt, Others, Receivables
Axis Liquid Fund
- Investment objective - Short term
- Risk level - Below par
- Return potential - Very good
- Diversified - Yes
- Minimum investment - ₹500
- Fund manager - Devang Shah +2
- Fund launch date - January 2013
- AUM - ₹29260 crore (28 Aug, 2024)
- Exit load - 0.007%
- Expense ratio - 0.15%
- Lock-in period - NA
Returns of the Year
- 1 month - 0.58%
- 3 months - 1.78%
- 6 months - 3.65%
- 1 year - 7.27%
- 3 years - 6.05
Investment Portfolio
Commercial Paper, Certificate of Deposit, Treasury Bills, Traps/Reverse Repo, Debt, Others, Receivables (Payables)
Baroda BNP Paribas Liquid Fund
- Investment objective - Short term
- Risk level - Equal
- Return potential - Slightly low to good
- Diversified - Yes 6 allocations
- Minimum investment - ₹ 5000
- Fund manager - Prashant R Pimple
- Fund launch date - February 2002
- AUM - ₹ 12356 crore (28 Aug, 2024)
- Exit load - 0.007%
- Expense ratio - 0.17%
- Lock-in period - NA
Returns of months and Year
- 1 month - 0.53%
- 3 months - 1.70%
- 6 months - 3.54%
- 1 year - 7.16%
- 3 years - 5.95%
Investment portfolio
Commercial Paper, Certificate of Deposit, Traps/Reverse Repo, Treasury Bills, Others, Net Receivables(Payables)
Ultra-Short Duration Funds
Ultra-short duration funds are a type of mutual fund that invests in the short term, typically for a period of 3 to 6 months. These funds invest in commercial paper, treasury bills, and other best short term mutual funds financial instruments.
Aditya Birla Sun Life Savings Fund
- Investment objective - 3 months to 3 years
- Risk level - EqualReturn potential - Good
- Diversified - Yes 9 Allocations
- Minimum investment - 1000
- Fund manager - Monika Gandhi
- Fund launch date - April 2003
- AUM - ₹ 14134 crore (28 Aug, 2024)
- Exit load - 0.00%
- Expense ratio - 0.34%
- Lock-in period - NA
Returns
- 1 month - 0.62%
- 3 months - 1.84%
- 6 months - 3.93%
- 1 year - 7.70%
- 3 years - 6.20%
Investment portfolio
Commercial Paper, Certificate of Deposit, CBLO/Reverse Repo, Treasury Bills, Floating Rate Notes, Debt, Others, Net Receivables, Government Securities
ICICI Prudential Ultra Short Term Fund
- Investment objective - Short term
- Risk level - Equal
- Return potential - Fair
- Diversified - Yes 8 allocations
- Minimum investment - 5000
- Fund manager - Ritesh Lunawat
- Fund launch date - January 2013
- AUM - ₹ 13969 crore (28 Aug, 2024)
- Exit load - 0.00%
- Expense ratio - 0.39%
- Lock-in period - NA
Returns in months and Year
- 1 month - 0.60%
- 3 months - 1.74%
- 6 months - 3.65%
- 1 year - 7.25%
- 3 years - 5.84%
Investment Portfolio
Commercial Paper, Certificate of Deposit, Traps/Reverse Repos, Treasury Bills, Floating Rate Notes, Debt, Others, Net Receivables(Payables), Non Convertible Ventures, Current Assets,
Low Duration Funds
Low Duration Funds are a type of debt fund that invests in the short-term, typically for a period of 6 to 12 months. These funds invest in commercial papers, treasury bills, and other short-term financial instruments.
Aditya Birla Sun Life Low Duration Fund
- Investment objective - 3 to 12 months
- Risk level - Equal
- Return potential - Good
- Diversified - Yes 9 sectors
- Minimum investment - 100
- Fund manager - Mohit Sharma +3
- Fund launch date - January 2013
- AUM - ₹ 10841 crore (28 Aug, 2024)
- Exit load - 0.00%
- Expense ratio - 0.41%
- Lock-in period - NA
Returns
- 1 month - 0.64%
- 3 months - 1.93%
- 6 months - 3.97%
- 1 year - 7.76%
- 3 years - 6.38%
Investment Portfolio
Commercial Paper, Certificate of Deposit, CBLO/Reverse Repo, Treasury Bills, Floating Rate Notes, Debt, Others, Net Receivables, Government Securities
Axis Treasury Advantage Fund
- Investment objective - Short term
- Risk level - Below par
- Return potential - Good
- Diversified - Yes 11 sectors
- Minimum investment - ₹5000
- Fund manager - Aditya Pagaria
- Fund launch date - January 2013
- AUM - ₹5189 crore (28 Aug, 2024)
- Exit load - 0.00%
- Expense ratio - 0.32%
- Lock-in period - NA
Returns
- 1 month - 0.67%
- 3 months - 1.97%
- 6 months - 3.99%
- 1 year - 7.71%
- 3 years - 6.20%
Investment Portfolio
Debt, Certificate of Deposit, Government Securities, Floating Rate Notes, Commercial Paper, Treasury Bills, Net Receivables(Payables), Traps/Reverse Repos, Zero Coupon Bonds, Others, Derivatives
HDFC Low Duration Fund
- Investment objective - Short term
- Risk level - Equal
- Return potential - Good
- Diversified - Yes 9 sectors
- Minimum investment - 100
- Fund manager - Anupam Joshi
- Fund launch date - November 1999
- AUM - ₹ 17983 crore (28 August, 2024)
- Exit load - 0.00%
- Expense ratio - 0.45%
- Lock-in period - NA
Returns
- 1 month - 0.68%
- 3 months - 2.03%
- 6 months - 4.12%
- 1 year - 7.82%
- 3 years - 6.35%
Investment Portfolio
Debt, Certificate of Deposit, Government Securities, Commercial Paper, Traps/Reverse Repos, Zero Coupon Bonds, Others, Non Convertible Debentures
Money Market Funds
Money market funds are a type of investment option that offers high liquidity and safe returns in the short term. These funds invest in commercial papers, treasury bills, and other short-term financial instruments.
Aditya Birla Sun Life Money Manager Fund
- Investment objective - Short term
- Risk level - Equal
- Return potential - Good
- Diversified - Yes 7 sectors
- Minimum investment - 1000
- Fund manager - Anuj Jain +3
- Fund launch date - January 2013
- AUM - ₹ 25429 crore (28 Aug, 2024)
- Exit load - 0.00%
- Expense ratio - 0.22%
- Lock-in period - NA
Returns
- 1 month - 0.64%
- 3 months - 1.80%
- 6 months - 3.92%
- 1 year - 7.76%
- 3 years - 6.31%
Investment Portfolio
Certificate of Deposit, Government Securities, Commercial Paper, Treasury Bills, Net Receivables (Payables), CBLO/Reverse Repo, Others
Axis Money Market Fund
- Investment objective - Short term
- Risk level - Equal
- Return potential - Good
- Diversified - Yes 7 sectors
- Minimum investment - ₹5000
- Fund manager - Sachin Jain +2
- Fund launch date - August 2019
- AUM - ₹14605 crore (August 28, 2024)
- Exit load - 0.00%
- Expense ratio - 0.13%
- Lock-in period - NA
Returns
- 1 month - 0.64%
- 3 months - 1.92%
- 6 months - 3.92%
- 1 year - 7.75%
- 3 years - 6.32%
Investment portfolio
Certificate of Deposit, Government Securities, Commercial Paper, Treasury Bills, Net Receivables(Payables), Traps/Reverse Repo, Others
HDFC Money Market Fund
- Investment objective - Short term
- Risk level - Equal
- Return potential - Good
- Diversified - Yes 7 sectors
- Minimum investment - 100
- Fund manager - Vikash Agarwal
- Fund launch date - January 2013
- AUM - ₹28152 crore (28 August, 2024)
- Exit load - 0.00%
- Expense ratio - 0.23%
- Lock-in period - NA
Returns
- 1 month - 0.63%
- 3 months - 1.88%
- 6 months - 3.87%
- 1 year - 7.67%
- 3 years - 6.27%
Investment Portfolio
Certificate of Deposit, Government Securities, Commercial Paper, Treasury Bills, Traps/Reverse Repos, Others, Current Assets
Floater Funds
Floater funds are a type of debt fund that invests in floating rate securities, such as floating rate bonds, treasury bills, and other best short term mutual funds financial instruments. The specialty of these funds is that they adjust their returns with changes in interest rates.
ICICI Prudential Floating Interest Fund
- Investment objective - 6 months to 2 years
- Risk level - Equal
- Return potential - Very good
- Diversified - Yes 8 sectors
- Minimum investment - 500
- Fund manager - Rohan Maru
- Fund launch date - November 2005
- AUM - ₹ 9136 crore (August 28, 2024)
- Exit load - 0.00%
- Expense ratio - 0.56%
- Lock-in period - NA
Returns
- 1 month - 0.85%
- 3 months - 2.52%
- 6 months - 4.85%
- 1 year - 8.54%
- 3 years - 6.72%
Investment Portfolio
Debt, Certificate of Deposit, Government Securities, Commercial Paper, Traps/Reverse Repos, Others, Non-Current Debentures
UTI Floating Rate Fund
- Investment objective - 6 months to 12 months
- Risk level - Slightly below par
- Return potential - Fair
- Diversified - Yes
- Minimum investment - ₹500
- Fund manager - Sudhir Agarwal
- Fund launch date - October 2018
- AUM - ₹1367 crore (August 28, 2024)
- Exit load - 0.00%
- Expense ratio - 0.42%
- Lock-in period - NA
Returns
- 1 month - 0.62%
- 3 months - 1.82%
- 6 months - 3.60%
- 1 year - 7.39%
- 3 years - 5.81%
Investment Portfolio
Certificate of Deposit, Government Securities, Floating Rate Bonds, Commercial Paper, Treasury Bills, Net Current Assets, Alternative Investments, Deventures, Non Convertible Deventures, Floating Rate Deventures
Nippon India Floating Rate Fund
- Investment objective - Short term
- Risk level - Equal
- Return potential - Good
- Diversified - Yes 9 sectors
- Minimum investment - ₹5000
- Fund manager - Anuj Chhajer
- Fund launch date - January 2013
- AUM - ₹7711 crore (28 Aug, 2024)
- Exit load - 0.00%
- Expense ratio - 0.31%
- Lock-in period - NA
Returns
- 1 month - 0.80%
- 3 months - 2.25%
- 6 months - 4.30%
- 1 year - 8.04%
- 3 years - 6.09%
Investment Portfolio
Certificate of Deposit, Government Securities, Commercial Paper, Traps/Reverse Repos, Others, Derivatives, Cash, Non-Convertible Debentures, Current Assets