DSP Ultra Short to Short Term Fund
Low DurationLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹21.38+0.06%1 day
- Return since launch
- 6.7%
- 52-week range
- ₹20.29 — ₹21.36
- AUM
- ₹4,430 Cr
DSP Ultra Short to Short Term Fund is a Low Duration debt fund from DSP Mutual Fund with ₹4,430 Cr under management, launched in 2015. Over three years it has returned 6.2% a year, against 6.7% for its category. The expense ratio is 0.63% and the SEBI riskometer reading is Low to Moderate.
Performance
DSP Ultra Short to Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.3% against +5.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.3% | −0.1 pts | 5.4% | 5.6% |
| 2Y | 5.8% | −0.1 pts | 5.9% | 6.0% |
| 3Y | 6.2% | −0.5 pts | 6.7% | 6.3% |
| 5Y | 6.4% | +0.3 pts | 6.1% | 6.5% |
| 7Y | 6.1% | −0.1 pts | 6.2% | 6.1% |
| 10Y | 6.2% | 0.0 pts | 6.2% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 0.9% | −0.1 pts | 1.1% | 1.1% |
| 6M | 2.8% | −0.1 pts | 2.9% | 3.0% |
| 1Y | 5.3% | −0.1 pts | 5.4% | 5.5% |
| 2Y | 6.3% | −0.1 pts | 6.4% | 6.4% |
| 3Y | 6.7% | 0.0 pts | 6.7% | 6.7% |
| 5Y | 6.1% | 0.0 pts | 6.1% | 6.1% |
| 7Y | 5.9% | −0.3 pts | 6.2% | 5.9% |
| 10Y | 6.4% | +0.2 pts | 6.2% | 6.2% |
Since launch (27 Feb 2015): 6.7%
Calendar-year returns
Category average6.7%
3.5%
4.2%
6.9%
7.4%
7.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.1% | −0.6 pts | 7.8% |
| 2024 | 7.4% | −0.4 pts | 7.8% |
| 2023 | 6.9% | −0.5 pts | 7.4% |
| 2022 | 4.2% | −0.4 pts | 4.6% |
| 2021 | 3.5% | −1.2 pts | 4.6% |
| 2020 | 6.7% | −2.0 pts | 8.7% |
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
0.63%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.52%
- Brokerage
- 0.01%
- Transaction charges
- 0.01%
- Statutory levies
- 0.09%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Low Duration Debt Index A-I
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 | — | 1.09 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.18 | 1.76 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.61 | 2.43 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.74 | 0.69 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
DSP Ultra Short to Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt98.9%
- Other1.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 4.56% | ₹203 Cr | +4.48% | +4.00% | +1.92% |
| Export-Import Bank Of India | Financial | 4.41% | ₹196 Cr | +1.83% | +3.36% | +2.76% |
| Bharti Telecom Ltd. | Communication | 4.05% | ₹181 Cr | +4.31% | +3.84% | — |
| REC Ltd. | Financial | 4.03% | ₹179 Cr | +1.83% | +1.62% | +2.91% |
| Bajaj Housing Finance Ltd. | Financial | 4.00% | ₹178 Cr | +3.54% | +1.62% | +1.47% |
| Power Finance Corporation Ltd. | Financial | 3.34% | ₹148 Cr | +1.47% | +1.32% | +5.67% |
| Tata Capital Housing Finance Ltd. | Financial | 3.17% | ₹141 Cr | +3.75% | +1.68% | +5.73% |
| Bajaj Finance Ltd. | Financial | 3.06% | ₹136 Cr | +2.52% | +3.27% | +3.03% |
| Mahindra Rural Housing Finance Ltd. | Financial | 2.76% | ₹123 Cr | +2.24% | +2.00% | — |
| National Bank For Agriculture & Rural Development | Financial | 2.51% | ₹112 Cr | +1.26% | +10.34% | +3.82% |
| LIC Housing Finance Ltd. | Financial | 2.33% | ₹103 Cr | +5.58% | +5.61% | +3.66% |
| Uttar Pradesh State | Others | 2.24% | ₹99.65 Cr | +0.47% | +0.43% | +0.38% |
| Tamilnadu State | Others | 1.74% | ₹77.31 Cr | +1.80% | +1.67% | — |
| ICICI Home Finance Company Ltd. | Financial | 1.14% | ₹50.77 Cr | +1.18% | +1.13% | +0.97% |
| HDFC Bank Ltd. | Financial | 1.09% | ₹48.68 Cr | +1.13% | +1.00% | +0.46% |
| Union Bank of India | Financial | 1.07% | ₹47.58 Cr | +1.11% | +0.51% | +0.46% |
| Karnataka State | Others | 0.91% | ₹40.45 Cr | +0.98% | +0.87% | +0.50% |
| India Universal Trust AL1 | Others | 0.78% | ₹34.55 Cr | +1.41% | +0.29% | +0.98% |
| Others | Others | 0.69% | ₹32.14 Cr | +1.26% | +1.14% | +0.96% |
| Jio Credit Ltd. | Financial | 0.59% | ₹26.44 Cr | +0.61% | +0.55% | — |
| GOI | Sovereign | 0.57% | ₹25.46 Cr | +0.62% | +0.84% | +1.46% |
| Gujarat State | Construction | 0.57% | ₹25.37 Cr | +0.61% | +0.55% | +0.49% |
| Sundaram Finance Ltd. | Financial | 0.57% | ₹25.58 Cr | +0.59% | +0.77% | +1.94% |
| Himachal Pradesh State | Others | 0.56% | ₹24.91 Cr | +0.60% | +0.54% | +0.47% |
| Mindspace Business Parks REIT | Construction | 0.56% | ₹25.05 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.55% | ₹24.47 Cr | +0.57% | +0.51% | +0.45% |
| Canara Bank | Financial | 0.54% | ₹24.20 Cr | +1.13% | +1.01% | +0.46% |
| Indian Bank | Financial | 0.53% | ₹23.75 Cr | +1.13% | +1.01% | — |
| Reserve Bank of India | Financial | 0.44% | ₹19.50 Cr | +0.45% | +0.41% | +0.93% |
| Kotak Mahindra Prime Ltd. | Financial | 0.34% | ₹15.26 Cr | +0.36% | +0.56% | +0.91% |
| Punjab National Bank | Financial | 0.33% | ₹14.64 Cr | +0.57% | +1.01% | +0.46% |
| Maharashtra State | Others | 0.23% | ₹10.31 Cr | +0.24% | +0.44% | +0.39% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.06% | ₹2.58 Cr | +0.06% | +0.06% | +0.20% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Export-Import Bank Of India | 0.55% | 2.18% | +1.63% |
| LIC Housing Finance Ltd. | 1.67% | 0.60% | -1.07% |
| Indian Bank | 1.49% | 0.53% | -0.96% |
| National Bank For Agriculture & Rural Development | 0.55% | 1.35% | +0.80% |
| Mindspace Business Parks REIT | 0.00% | 0.56% | +0.56% |
| company:5329 | 0.52% | 0.00% | -0.52% |
| company:1570 | 0.51% | 0.00% | -0.51% |
| company:2048 | 0.51% | 0.00% | -0.51% |
| Bharti Telecom Ltd. | 3.78% | 4.05% | +0.27% |
| Tata Capital Housing Finance Ltd. | 0.54% | 0.35% | -0.19% |
| Punjab National Bank | 0.51% | 0.33% | -0.18% |
| Uttar Pradesh State | 2.09% | 2.24% | +0.15% |
| India Universal Trust AL1 | 0.90% | 0.78% | -0.12% |
| Tamilnadu State | 1.62% | 1.74% | +0.12% |
| ICICI Home Finance Company Ltd. | 1.06% | 1.14% | +0.08% |
| Bajaj Finance Ltd. | 1.00% | 1.07% | +0.07% |
| HDFC Bank Ltd. | 1.02% | 1.09% | +0.07% |
| Mahindra Rural Housing Finance Ltd. | 0.94% | 1.01% | +0.07% |
| Small Industries Devp. Bank of India Ltd. | 1.04% | 1.11% | +0.07% |
| Bajaj Housing Finance Ltd. | 1.06% | 1.13% | +0.07% |
| Union Bank of India | 1.02% | 1.07% | +0.05% |
| Bank Of Baroda | 0.51% | 0.55% | +0.04% |
| Himachal Pradesh State | 0.52% | 0.56% | +0.04% |
| GOI | 0.53% | 0.57% | +0.04% |
| Gujarat State | 0.53% | 0.57% | +0.04% |
| Canara Bank | 0.51% | 0.54% | +0.03% |
| Karnataka State | 0.88% | 0.91% | +0.03% |
| Reserve Bank of India | 0.41% | 0.44% | +0.03% |
| Others | 0.38% | 0.41% | +0.03% |
| Jio Credit Ltd. | 0.56% | 0.59% | +0.03% |
| REC Ltd. | 0.55% | 0.58% | +0.03% |
| Sundaram Finance Ltd. | 0.54% | 0.57% | +0.03% |
| Kotak Mahindra Prime Ltd. | 0.32% | 0.34% | +0.02% |
| Maharashtra State | 0.22% | 0.23% | +0.01% |
| Power Finance Corporation Ltd. | 0.44% | 0.45% | +0.01% |
| Mahindra & Mahindra Financial Services Ltd. | 0.05% | 0.06% | +0.01% |
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 | ₹4,924 Cr | 0.49% | 5.9% | 6.6% | 6.8% |
 ICICI Prudential Ultra Short to Short Term Fund | ₹17,294 Cr | 0.53% | 5.8% | 6.8% | 7.0% |
 Tata Ultra Short to Short Term Fund | ₹2,665 Cr | 0.57% | 5.9% | 6.5% | 6.6% |
 UTI Ultra Short to Short Term Fund | ₹2,604 Cr | 0.65% | 5.8% | 6.7% | 6.8% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,942 Cr | 0.36% | 5.9% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹114 Cr | 0.32% | 5.9% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate returns commensurate with risk from a portfolio constituted of money market securities and/or 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 months2.81% absolute | ₹60,000 | ₹61,686 | 2.81% | |
| 1 year5.30% annualised | ₹1,20,000 | ₹1,23,501 | 2.92% | |
| 3 years6.69% annualised | ₹3,60,000 | ₹3,99,663 | 11.02% | |
| 5 years6.13% annualised | ₹6,00,000 | ₹7,03,612 | 17.27% |
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 to Short Term Fund?
The NAV of DSP Ultra Short to Short Term Fund is ₹21.38 as on 9 Nov 2026.
What is the expense ratio of DSP Ultra Short to Short Term Fund?
The expense ratio of DSP Ultra Short to Short Term Fund is 0.63% per year.
What is the minimum SIP amount for DSP Ultra Short to Short Term Fund?
You can start a SIP in DSP Ultra Short to Short Term Fund with ₹3,000 a month.
What returns has DSP Ultra Short to Short Term Fund given?
DSP Ultra Short to Short Term Fund has returned 5.3% over 1 year, 6.2% over 3 years and 6.4% over 5 years (annualised).
Is there a lock-in or exit load on DSP Ultra Short to Short Term Fund?
Lock-in: None. Exit load: 0%.
How risky is DSP Ultra Short to Short Term Fund?
DSP Ultra Short to Short Term Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Low Duration category.
Which fund house manages DSP Ultra Short to Short Term Fund?
DSP Ultra Short to Short Term Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,47,696 Cr under management.