DSP Ultra Short Term Fund
Ultra Short DurationLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹3,677.85+0.05%1 day
- Return since launch
- 6.6%
- 52-week range
- ₹3,476.53 — ₹3,675.92
- AUM
- ₹3,749 Cr
DSP Ultra Short Term Fund is a Ultra Short Duration debt fund from DSP Mutual Fund with ₹3,749 Cr under management, launched in 2006. Over three years it has returned 6.2% a year, against 6.6% for its category. The expense ratio is 1.01% and the SEBI riskometer reading is Low to Moderate.
Performance
DSP Ultra Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.7% against +6.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.8% | −0.2 pts | 6.0% | 6.2% |
| 2Y | 6.0% | −0.1 pts | 6.1% | 6.3% |
| 3Y | 6.2% | −0.4 pts | 6.6% | 6.5% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.5% |
| 7Y | 5.9% | −0.1 pts | 6.0% | 6.1% |
| 10Y | 5.7% | −0.1 pts | 5.8% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.2% | −0.1 pts | 1.3% | 1.3% |
| 6M | 2.9% | −0.2 pts | 3.1% | 3.1% |
| 1Y | 5.7% | −0.3 pts | 6.0% | 6.1% |
| 2Y | 6.3% | −0.1 pts | 6.3% | 6.5% |
| 3Y | 6.5% | −0.1 pts | 6.6% | 6.8% |
| 5Y | 6.0% | −0.1 pts | 6.0% | 6.2% |
| 7Y | 5.4% | −0.3 pts | 5.6% | 5.7% |
| 10Y | 5.6% | −0.2 pts | 5.8% | 6.5% |
Since launch (24 Jul 2006): 6.6%
Calendar-year returns
Category average4.7%
2.9%
4.1%
6.7%
6.9%
6.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.7% | −0.5 pts | 7.2% |
| 2024 | 6.9% | −0.7 pts | 7.6% |
| 2023 | 6.7% | −0.5 pts | 7.2% |
| 2022 | 4.1% | −0.7 pts | 4.8% |
| 2021 | 2.9% | −1.2 pts | 4.1% |
| 2020 | 4.7% | −1.0 pts | 5.8% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.01%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.86%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.14%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Ultra Short Duration Debt A-I Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Low to Moderate
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.46 | — | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.97 | — | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.51 | — | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
DSP Ultra Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt100.2%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Export-Import Bank Of India | Financial | 4.95% | ₹219 Cr | +1.22% | +3.96% | +5.66% |
| National Bank For Agriculture & Rural Development | Financial | 4.24% | ₹188 Cr | +0.81% | +19.44% | +6.57% |
| LIC Housing Finance Ltd. | Financial | 3.12% | ₹138 Cr | +1.98% | +2.13% | +6.87% |
| HDFC Bank Ltd. | Financial | 2.20% | ₹97.36 Cr | +2.45% | +2.63% | +2.72% |
| The Federal Bank Ltd. | Financial | 2.20% | ₹97.14 Cr | +2.45% | +2.63% | — |
| Piramal Finance Pvt. Ltd. | Financial | 1.93% | ₹85.19 Cr | +3.54% | +1.46% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.82% | ₹80.34 Cr | +2.51% | +0.88% | +1.50% |
| Torrent Power Ltd. | Energy | 1.78% | ₹78.51 Cr | +2.62% | — | — |
| 360 ONE Wealth Ltd. | Financial | 1.73% | ₹76.64 Cr | +1.94% | — | — |
| Maharashtra State | Others | 1.71% | ₹75.48 Cr | — | — | — |
| Aditya Birla Renewables Ltd. | Energy | 1.70% | ₹75.13 Cr | +2.05% | +2.20% | +2.20% |
| Indostar Capital Finance Ltd. | Financial | 1.69% | ₹74.78 Cr | +1.88% | — | +0.42% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.65% | ₹73.08 Cr | +2.44% | +2.64% | +5.84% |
| Indian Bank | Financial | 1.61% | ₹71.25 Cr | +0.61% | +1.33% | +1.39% |
| Nuvama Wealth and Investment Limited | Financial | 1.21% | ₹53.61 Cr | +1.34% | +1.44% | +0.71% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.18% | ₹52.23 Cr | +1.32% | — | — |
| Bajaj Housing Finance Ltd. | Financial | 1.17% | ₹51.49 Cr | +1.30% | +1.40% | — |
| Mankind Pharma Ltd. | Healthcare | 1.17% | ₹51.82 Cr | +1.31% | +1.46% | — |
| Tata Capital Housing Finance Ltd. | Financial | 1.17% | ₹51.75 Cr | — | — | — |
| GOI | Sovereign | 1.15% | ₹50.91 Cr | +1.34% | +2.45% | +1.47% |
| Nuvama Wealth Finance Ltd. | Financial | 1.15% | ₹50.67 Cr | +1.39% | +1.49% | +1.42% |
| SPR Auto Technologies Ltd. | Automobile | 1.12% | ₹49.75 Cr | +1.28% | +1.39% | — |
| IDFC First Bank Ltd. | Financial | 1.11% | ₹49.02 Cr | +0.61% | +0.69% | — |
| Equitas Small Finance Bank Ltd. | Financial | 1.10% | ₹48.59 Cr | +1.22% | +1.38% | +1.37% |
| Indusind Bank Ltd. | Financial | 1.10% | ₹48.89 Cr | +1.23% | +1.32% | — |
| Motilal Oswal Financial Services Ltd. | Financial | 1.10% | ₹48.69 Cr | +1.22% | +1.32% | +1.37% |
| Reserve Bank of India | Financial | 1.10% | ₹48.75 Cr | +1.23% | +0.56% | +1.42% |
| Union Bank of India | Financial | 1.08% | ₹47.58 Cr | +1.26% | +1.33% | +1.38% |
| Kotak Mahindra Prime Ltd. | Financial | 1.07% | ₹47.53 Cr | — | — | +1.58% |
| Piramal Finance Ltd. | Financial | 0.91% | ₹40.13 Cr | +0.39% | — | — |
| Adani Power Ltd. | Energy | 0.90% | ₹39.84 Cr | +1.03% | +1.12% | — |
| Tata Capital Ltd.(Partly Paid Equity) | Financial | 0.59% | ₹26.19 Cr | +0.66% | — | — |
| Muthoot Finance Ltd. | Financial | 0.58% | ₹25.56 Cr | +0.41% | +1.01% | +1.56% |
| REC Ltd. | Financial | 0.58% | ₹25.79 Cr | — | +2.20% | +2.20% |
| Bajaj Finance Ltd. | Financial | 0.55% | ₹24.39 Cr | +0.61% | — | — |
| Bank Of Baroda | Financial | 0.55% | ₹24.48 Cr | +1.23% | +0.66% | +5.63% |
| Canara Bank | Financial | 0.55% | ₹24.46 Cr | +1.22% | +0.66% | +1.41% |
| ICICI Bank Ltd. | Financial | 0.55% | ₹24.40 Cr | +0.61% | — | — |
| Punjab National Bank | Financial | 0.55% | ₹24.26 Cr | +0.62% | +0.66% | +0.70% |
| Infina Finance Pvt. Ltd. | Financial | 0.53% | ₹23.29 Cr | — | — | — |
| Gujarat State | Construction | 0.34% | ₹15.19 Cr | +0.40% | +0.43% | +0.30% |
| Karnataka State | Others | 0.23% | ₹10.24 Cr | +0.26% | +0.29% | +0.75% |
| Others | Others | -0.24% | ₹-10.12 Cr | +0.58% | +0.64% | +0.62% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| National Bank For Agriculture & Rural Development | 0.57% | 2.04% | +1.47% |
| Export-Import Bank Of India | 1.06% | 2.19% | +1.13% |
| company:12712 | 1.09% | 0.00% | -1.09% |
| company:19339 | 1.08% | 0.00% | -1.08% |
| company:5329 | 1.06% | 0.00% | -1.06% |
| Nuvama Wealth and Investment Limited | 0.54% | 1.21% | +0.67% |
| Tata Capital Housing Finance Ltd. | 0.55% | 1.17% | +0.62% |
| Indian Bank | 1.03% | 1.61% | +0.58% |
| REC Ltd. | 0.00% | 0.58% | +0.58% |
| company:5085 | 0.57% | 0.00% | -0.57% |
| company:16322 | 0.54% | 0.00% | -0.54% |
| Infina Finance Pvt. Ltd. | 0.00% | 0.53% | +0.53% |
| company:2048 | 0.53% | 0.00% | -0.53% |
| Bank Of Baroda | 1.06% | 0.55% | -0.51% |
| Canara Bank | 1.03% | 0.55% | -0.48% |
| Union Bank of India | 1.56% | 1.08% | -0.48% |
| The Federal Bank Ltd. | 2.10% | 2.20% | +0.10% |
| HDFC Bank Ltd. | 2.11% | 2.20% | +0.09% |
| 360 ONE Wealth Ltd. | 1.65% | 1.73% | +0.08% |
| Indostar Capital Finance Ltd. | 1.61% | 1.69% | +0.08% |
| Maharashtra State | 1.64% | 1.71% | +0.07% |
| Aditya Birla Renewables Ltd. | 1.76% | 1.70% | -0.06% |
| Piramal Finance Pvt. Ltd. | 1.29% | 1.35% | +0.06% |
| Cholamandalam Investment and Finance Company Ltd. | 1.88% | 1.82% | -0.06% |
| Nuvama Wealth Finance Ltd. | 1.09% | 1.15% | +0.06% |
| Torrent Power Ltd. | 1.12% | 1.18% | +0.06% |
| Equitas Small Finance Bank Ltd. | 1.05% | 1.10% | +0.05% |
| IDFC First Bank Ltd. | 1.06% | 1.11% | +0.05% |
| Motilal Oswal Financial Services Ltd. | 1.05% | 1.10% | +0.05% |
| Torrent Pharmaceuticals Ltd. | 1.13% | 1.18% | +0.05% |
| GOI | 1.10% | 1.15% | +0.05% |
| Mankind Pharma Ltd. | 1.12% | 1.17% | +0.05% |
| Indusind Bank Ltd. | 1.06% | 1.10% | +0.04% |
| Kotak Mahindra Prime Ltd. | 1.03% | 1.07% | +0.04% |
| Reserve Bank of India | 1.06% | 1.10% | +0.04% |
| Piramal Finance Ltd. | 0.52% | 0.55% | +0.03% |
| Punjab National Bank | 0.52% | 0.55% | +0.03% |
| Small Industries Devp. Bank of India Ltd. | 0.52% | 0.55% | +0.03% |
| Bajaj Housing Finance Ltd. | 0.56% | 0.59% | +0.03% |
| LIC Housing Finance Ltd. | 0.56% | 0.59% | +0.03% |
| Muthoot Finance Ltd. | 0.55% | 0.58% | +0.03% |
| Adani Power Ltd. | 0.88% | 0.90% | +0.02% |
| Bajaj Finance Ltd. | 0.53% | 0.55% | +0.02% |
| ICICI Bank Ltd. | 0.53% | 0.55% | +0.02% |
| SPR Auto Technologies Ltd. | 1.10% | 1.12% | +0.02% |
| Tata Capital Ltd.(Partly Paid Equity) | 0.57% | 0.59% | +0.02% |
| Karnataka State | 0.22% | 0.23% | +0.01% |
| Others | 0.25% | 0.26% | +0.01% |
| Gujarat State | 0.34% | 0.34% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹1,099 Cr | 0.29% | 6.6% | — | — |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund | ₹2,407 Cr | 0.37% | 6.7% | — | — |
 HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹1,986 Cr | 0.25% | 6.8% | — | — |
 ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹575 Cr | 0.18% | 6.7% | — | — |
 Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹359 Cr | 0.36% | 6.4% | — | — |
 Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹170 Cr | 0.27% | 6.6% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities.
Fund managers
- Karan MundhraMr. Mundra is a B. COM. and Charted Accountant (CA)He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.
- Shalini VasantaMr. Vasanta has done BA and MBA (Finance)Prior to joining DSP Mutual Fund, he has worked with ICRA as Senior Analyst
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.94% absolute | ₹60,000 | ₹61,764 | 2.94% | |
| 1 year5.74% annualised | ₹1,20,000 | ₹1,23,797 | 3.16% | |
| 3 years6.51% annualised | ₹3,60,000 | ₹3,98,527 | 10.70% | |
| 5 years5.96% annualised | ₹6,00,000 | ₹7,00,445 | 16.74% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of DSP Ultra Short Term Fund?
The NAV of DSP Ultra Short Term Fund is ₹3,677.85 as on 9 Nov 2026.
What is the expense ratio of DSP Ultra Short Term Fund?
The expense ratio of DSP Ultra Short Term Fund is 1.01% per year.
What is the minimum SIP amount for DSP Ultra Short Term Fund?
You can start a SIP in DSP Ultra Short Term Fund with ₹3,000 a month.
What returns has DSP Ultra Short Term Fund given?
DSP Ultra Short Term Fund has returned 5.8% over 1 year, 6.2% over 3 years and 6.3% over 5 years (annualised).
Is there a lock-in or exit load on DSP Ultra Short Term Fund?
Lock-in: None. Exit load: 0%.
How risky is DSP Ultra Short Term Fund?
DSP Ultra Short Term Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Ultra Short Duration category.
Which fund house manages DSP Ultra Short Term Fund?
DSP Ultra Short Term Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,47,696 Cr under management.