I want to invest Rs60,000 in ultra short funds. Please suggest which fund is doing well?
—Anush
Ultra short-term funds are funds that invest in money market instruments and commercial papers with high liquidity and short maturity periods. They are slightly riskier than liquid funds but less risky than all other debt fund categories. An investor looking to invest for a period of 6 months to a year can consider such funds. For your requirement, you can consider UTI Treasury Advantage fund and Tata Ultra Short Term fund as investment choices.