Best 5 Top-Ranked Short Term Mutual Fund SIP For Parking Your Funds In 2021
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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 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
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 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 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% |
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