ICICI Prudential Ultra Short Term Fund
Ultra Short DurationModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹29.88-0.02%1 day
- Return since launch
- 7.4%
- 52-week range
- ₹28.13 — ₹29.89
- AUM
- ₹15,974 Cr
ICICI Prudential Ultra Short Term Fund is a Ultra Short Duration debt fund from ICICI Prudential Mutual Fund with ₹15,974 Cr under management, launched in 2011. Over three years it has returned 6.8% a year, against 6.7% for its category. The expense ratio is 0.80% and the SEBI riskometer reading is Moderate.
Performance
ICICI Prudential 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 +6.2% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.4% | +0.3 pts | 6.1% | 6.5% |
| 2Y | 6.5% | +0.3 pts | 6.3% | 6.5% |
| 3Y | 6.8% | +0.1 pts | 6.7% | 6.7% |
| 5Y | 6.8% | +0.8 pts | 6.0% | 6.6% |
| 7Y | 6.4% | +0.4 pts | 6.0% | 6.2% |
| 10Y | 6.4% | +0.6 pts | 5.9% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.4% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.4% | 0.0 pts | 3.4% | 3.4% |
| 1Y | 6.2% | +0.1 pts | 6.1% | 6.2% |
| 2Y | 6.8% | +0.3 pts | 6.5% | 6.7% |
| 3Y | 7.0% | +0.3 pts | 6.7% | 6.8% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.1% |
| 7Y | 6.2% | +0.2 pts | 6.0% | 5.7% |
| 10Y | 6.6% | +0.7 pts | 5.9% | 6.5% |
Since launch (13 Apr 2011): 7.4%
Calendar-year returns
Category average6.5%
4.0%
4.5%
6.9%
7.4%
7.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.1% | −0.2 pts | 7.2% |
| 2024 | 7.4% | −0.2 pts | 7.6% |
| 2023 | 6.9% | −0.3 pts | 7.2% |
| 2022 | 4.5% | −0.3 pts | 4.8% |
| 2021 | 4.0% | −0.1 pts | 4.1% |
| 2020 | 6.5% | +0.8 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
0.80%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.68%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.12%
- Exit load
- Exit load of 0.50% if redeemed within 1 month
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Ultra Short Duration Debt Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid 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 | 2.45 | 2.71 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.68 | 3.79 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.44 | 0.42 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
ICICI Prudential Ultra Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt65.6%
- Other34.4%
Market cap split
- Large100.0%
- P/E
- 24.34
- P/B
- 1.92
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.73% | ₹1,075 Cr | +1.52% | +1.44% | +1.33% |
| National Bank For Agriculture & Rural Development | Financial | 4.21% | ₹672 Cr | +2.34% | +3.59% | +2.67% |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.88% | ₹619 Cr | +4.37% | +0.59% | +3.41% |
| Reserve Bank of India | Financial | 3.12% | ₹498 Cr | +6.21% | +1.19% | +1.02% |
| LIC Housing Finance Ltd. | Financial | 2.48% | ₹396 Cr | +4.67% | +0.74% | +3.97% |
| Punjab National Bank | Financial | 2.43% | ₹389 Cr | +2.75% | +0.56% | +0.57% |
| Vedanta Ltd. | Metals & Mining | 1.99% | ₹318 Cr | +2.13% | +2.10% | +1.76% |
| GOI | Sovereign | 1.94% | ₹310 Cr | +1.94% | +1.85% | +4.88% |
| Motilal Oswal Financial Services Ltd. | Financial | 1.83% | ₹293 Cr | +2.36% | +2.22% | — |
| Angel One Ltd. | Financial | 1.82% | ₹290 Cr | +1.77% | +1.66% | +1.43% |
| Radhakrishna Securitisation Trust | Others | 1.69% | ₹271 Cr | +1.85% | +2.70% | — |
| AU Small Finance Bank Ltd. | Financial | 1.53% | ₹245 Cr | +1.49% | +0.58% | +0.56% |
| Bank Of Baroda | Financial | 1.53% | ₹244 Cr | +1.49% | +1.40% | +0.71% |
| Indusind Bank Ltd. | Financial | 1.52% | ₹243 Cr | +1.48% | +1.39% | +1.70% |
| Piramal Finance Ltd. | Financial | 1.45% | ₹231 Cr | +1.44% | +1.47% | +1.62% |
| Nuvama Wealth Finance Ltd. | Financial | 1.41% | ₹225 Cr | +1.56% | +2.39% | +2.33% |
| The Federal Bank Ltd. | Financial | 1.18% | ₹189 Cr | +0.12% | — | — |
| 360 ONE Wealth Ltd. | Financial | 1.16% | ₹185 Cr | +0.94% | +0.89% | +0.88% |
| Kotak Mahindra Bank Ltd. | Financial | 1.07% | ₹172 Cr | +0.31% | +0.99% | — |
| DLF Cyber City Developers Ltd. | Construction | 0.94% | ₹151 Cr | +0.94% | +0.90% | +0.89% |
| Indian Railway Finance Corporation Ltd. | Financial | 0.94% | ₹151 Cr | — | — | — |
| Mahindra Rural Housing Finance Ltd. | Financial | 0.94% | ₹150 Cr | +0.31% | +0.30% | +0.30% |
| Manappuram Finance Ltd. | Financial | 0.93% | ₹149 Cr | +1.83% | +1.71% | +0.59% |
| MashreqBank PSC | Financial | 0.92% | ₹147 Cr | +0.90% | +0.84% | — |
| Equitas Small Finance Bank Ltd. | Financial | 0.92% | ₹147 Cr | +1.22% | +1.14% | +0.43% |
| Nirma Ltd. | Consumer Staples | 0.92% | ₹146 Cr | +0.91% | +0.72% | +0.59% |
| Panatone Finvest Ltd | Financial | 0.91% | ₹146 Cr | +0.89% | +0.84% | — |
| REC Ltd. | Financial | 0.91% | ₹145 Cr | +0.19% | +0.18% | +0.44% |
| Embassy Office Parks REIT | Construction | 0.91% | ₹145 Cr | +0.90% | +0.86% | +0.85% |
| Yes Bank Ltd. | Financial | 0.91% | ₹145 Cr | +0.88% | — | — |
| company:12484 | Capital Goods | 0.90% | ₹144 Cr | — | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 0.78% | ₹125 Cr | +0.78% | — | — |
| Phoenix ARC Pvt Ltd. | Diversified | 0.71% | ₹114 Cr | +1.19% | +1.11% | +0.85% |
| Godrej Industries Ltd. | Consumer Staples | 0.63% | ₹100 Cr | +0.62% | — | — |
| UNO Minda Ltd. | Automobile | 0.63% | ₹100 Cr | +0.62% | +0.59% | +0.59% |
| Nuvama Wealth and Investment Limited | Financial | 0.62% | ₹99.45 Cr | +1.25% | +1.16% | +1.10% |
| HDFC Bank Ltd. | Financial | 0.61% | ₹97.41 Cr | +0.59% | +1.12% | +1.27% |
| Canara Bank | Financial | 0.61% | ₹97.23 Cr | +1.22% | +0.29% | +0.29% |
| IDFC First Bank Ltd. | Financial | 0.61% | ₹97.13 Cr | +0.59% | +1.17% | +1.12% |
| Axis Bank Ltd. | Financial | 0.61% | ₹96.80 Cr | +1.79% | +1.68% | +0.29% |
| Union Bank of India | Financial | 0.60% | ₹96.51 Cr | — | — | +0.28% |
| JM Financial Credit Solutions Ltd. | Financial | 0.47% | ₹75.19 Cr | +0.47% | +0.30% | — |
| Motilal Oswal Home Finance Ltd. | Financial | 0.47% | ₹75.05 Cr | +1.25% | +1.19% | +1.19% |
| ICICI Home Finance Company Ltd. | Financial | 0.47% | ₹75.03 Cr | +0.47% | — | — |
| Lodha Developers Ltd. | Construction | 0.47% | ₹75.01 Cr | — | — | — |
| Bajaj Housing Finance Ltd. | Financial | 0.47% | ₹74.87 Cr | +2.19% | — | — |
| JM Financial Services Pvt. Ltd. | Financial | 0.46% | ₹74.27 Cr | +0.46% | +0.43% | +1.17% |
| Tata Capital Housing Finance Ltd. | Financial | 0.45% | ₹71.69 Cr | +0.02% | +0.02% | +0.02% |
| Tamilnadu State | Others | 0.38% | ₹61.19 Cr | — | — | — |
| Telangana State | Financial | 0.35% | ₹55.49 Cr | +0.35% | — | — |
| SPR Auto Technologies Ltd. | Automobile | 0.33% | ₹52.13 Cr | +0.32% | +0.31% | — |
| West Bengal State | Others | 0.31% | ₹50.23 Cr | +0.31% | — | — |
| Sundaram Home Finance Ltd. | Financial | 0.31% | ₹50.04 Cr | — | — | — |
| Aavas Financiers Ltd. | Financial | 0.31% | ₹49.98 Cr | +0.31% | +0.30% | +0.56% |
| Bahadur Chand Investments Pvt. Ltd. | Financial | 0.31% | ₹49.82 Cr | +0.31% | +0.30% | +0.29% |
| Truhome Finance Ltd. | Financial | 0.31% | ₹49.16 Cr | — | — | — |
| Bihar State | Others | 0.28% | ₹45.40 Cr | +0.28% | — | — |
| Motilal Oswal Finevest Ltd. | Financial | 0.28% | ₹45.20 Cr | +0.28% | +0.27% | +0.59% |
| Aadhar Housing Finance Ltd | Financial | 0.25% | ₹39.72 Cr | — | +0.58% | +0.56% |
| Muthoot Finance Ltd. | Financial | 0.19% | ₹30.09 Cr | +0.06% | +0.06% | +1.00% |
| Aadharshila Infratech Pvt. Ltd. | Construction | 0.19% | ₹29.57 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | 0.17% | ₹27.27 Cr | +1.25% | +0.59% | +0.59% |
| Shriram Finance Ltd | Financial | 0.16% | ₹25.03 Cr | +0.16% | +0.15% | +0.30% |
| Bharti Telecom Ltd. | Communication | 0.06% | ₹9.91 Cr | +0.06% | +0.06% | +0.15% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:12484 | 0.00% | 0.90% | +0.90% |
| LIC Housing Finance Ltd. | 0.00% | 0.76% | +0.75% |
| Motilal Oswal Home Finance Ltd. | 1.13% | 0.47% | -0.66% |
| Vedanta Ltd. | 2.22% | 1.99% | -0.23% |
| Reserve Bank of India | 3.21% | 3.12% | -0.09% |
| National Bank For Agriculture & Rural Development | 2.11% | 2.04% | -0.07% |
| Punjab National Bank | 2.50% | 2.43% | -0.07% |
| GOI | 2.01% | 1.94% | -0.06% |
| Radhakrishna Securitisation Trust | 1.75% | 1.69% | -0.05% |
| Piramal Finance Ltd. | 1.50% | 1.45% | -0.05% |
| Angel One Ltd. | 1.86% | 1.82% | -0.05% |
| Bank Of Baroda | 1.57% | 1.53% | -0.04% |
| AU Small Finance Bank Ltd. | 1.57% | 1.53% | -0.04% |
| Indusind Bank Ltd. | 1.56% | 1.52% | -0.04% |
| The Federal Bank Ltd. | 1.22% | 1.18% | -0.03% |
| Mahindra Rural Housing Finance Ltd. | 0.97% | 0.94% | -0.03% |
| DLF Cyber City Developers Ltd. | 0.98% | 0.94% | -0.03% |
| Motilal Oswal Financial Services Ltd. | 1.25% | 1.21% | -0.03% |
| Indian Railway Finance Corporation Ltd. | 0.97% | 0.94% | -0.03% |
| Nirma Ltd. | 0.95% | 0.92% | -0.03% |
| Embassy Office Parks REIT | 0.94% | 0.91% | -0.03% |
| Kotak Mahindra Bank Ltd. | 1.10% | 1.07% | -0.03% |
| Nuvama Wealth Finance Ltd. | 0.81% | 0.78% | -0.03% |
| Mahindra & Mahindra Ltd. | 0.81% | 0.78% | -0.03% |
| Panatone Finvest Ltd | 0.94% | 0.91% | -0.02% |
| MashreqBank PSC | 0.95% | 0.92% | -0.02% |
| Yes Bank Ltd. | 0.93% | 0.91% | -0.02% |
| Equitas Small Finance Bank Ltd. | 0.94% | 0.92% | -0.02% |
| Nuvama Wealth and Investment Limited | 0.65% | 0.62% | -0.02% |
| Godrej Industries Ltd. | 0.65% | 0.63% | -0.02% |
| UNO Minda Ltd. | 0.65% | 0.63% | -0.02% |
| Lodha Developers Ltd. | 0.49% | 0.47% | -0.02% |
| JM Financial Services Pvt. Ltd. | 0.48% | 0.46% | -0.02% |
| HDFC Bank Ltd. | 0.63% | 0.61% | -0.02% |
| JM Financial Credit Solutions Ltd. | 0.49% | 0.47% | -0.02% |
| Axis Bank Ltd. | 0.62% | 0.61% | -0.02% |
| 360 ONE Wealth Ltd. | 0.49% | 0.47% | -0.02% |
| Small Industries Devp. Bank of India Ltd. | 0.62% | 0.61% | -0.02% |
| Union Bank of India | 0.62% | 0.60% | -0.02% |
| IDFC First Bank Ltd. | 0.62% | 0.61% | -0.02% |
| ICICI Home Finance Company Ltd. | 0.49% | 0.47% | -0.02% |
| Phoenix ARC Pvt Ltd. | 0.63% | 0.61% | -0.02% |
| Bajaj Housing Finance Ltd. | 0.48% | 0.47% | -0.02% |
| Canara Bank | 0.62% | 0.61% | -0.01% |
| Tamilnadu State | 0.40% | 0.38% | -0.01% |
| Telangana State | 0.36% | 0.35% | -0.01% |
| Truhome Finance Ltd. | 0.32% | 0.31% | -0.01% |
| SPR Auto Technologies Ltd. | 0.34% | 0.33% | -0.01% |
| Bahadur Chand Investments Pvt. Ltd. | 0.32% | 0.31% | -0.01% |
| West Bengal State | 0.33% | 0.31% | -0.01% |
| Aavas Financiers Ltd. | 0.32% | 0.31% | -0.01% |
| Sundaram Home Finance Ltd. | 0.32% | 0.31% | -0.01% |
| Motilal Oswal Finevest Ltd. | 0.29% | 0.28% | -0.01% |
| Aadhar Housing Finance Ltd | 0.26% | 0.25% | -0.01% |
| Bihar State | 0.29% | 0.28% | -0.01% |
| Kotak Mahindra Investments Ltd. | 0.01% | 0.00% | -0.01% |
| Others | 0.32% | 0.31% | -0.01% |
| Manappuram Finance Ltd. | 0.32% | 0.31% | -0.01% |
| Aadharshila Infratech Pvt. Ltd. | 0.19% | 0.19% | -0.01% |
| Shriram Finance Ltd | 0.16% | 0.16% | -0.01% |
| REC Ltd. | 0.07% | 0.06% | 0.00% |
| Bharti Telecom Ltd. | 0.06% | 0.06% | 0.00% |
| Muthoot Finance Ltd. | 0.03% | 0.03% | 0.00% |
| Power Finance Corporation Ltd. | 0.02% | 0.02% | 0.00% |
| Tata Capital Housing Finance Ltd. | 0.01% | 0.01% | 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 | ₹1,179 Cr | 0.32% | 7.0% | 6.9% | 6.9% |
 HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹2,264 Cr | 0.25% | 7.2% | — | — |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund | ₹2,164 Cr | 0.37% | 7.0% | — | — |
 Baroda BNP Paribas Ultra Short Term Fund | ₹666 Cr | 0.43% | 6.8% | 6.9% | 6.9% |
| ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹533 Cr | 0.22% | 7.1% | — | — |
 Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹270 Cr | 0.35% | 6.8% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate income through investments in a range of debt and money market instruments.
Fund managers
- Manish BanthiaMr. Banthia is B.Com, CA and MBAHe is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
- Ritesh LunawatMr. Lunawat is B.Com and Chartered Accountant.He has been Working with ICICI Prudential AMC Since September 2013.
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 months3.35% absolute | ₹60,000 | ₹62,010 | 3.35% | |
| 1 year6.21% annualised | ₹1,20,000 | ₹1,24,114 | 3.43% | |
| 3 years6.97% annualised | ₹3,60,000 | ₹4,01,439 | 11.51% | |
| 5 years6.30% annualised | ₹6,00,000 | ₹7,06,797 | 17.80% |
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 ICICI Prudential Ultra Short Term Fund?
The NAV of ICICI Prudential Ultra Short Term Fund is ₹29.88 as on 25 Sep 2026.
What is the expense ratio of ICICI Prudential Ultra Short Term Fund?
The expense ratio of ICICI Prudential Ultra Short Term Fund is 0.80% per year.
What is the minimum SIP amount for ICICI Prudential Ultra Short Term Fund?
You can start a SIP in ICICI Prudential Ultra Short Term Fund with ₹3,000 a month.
What returns has ICICI Prudential Ultra Short Term Fund given?
ICICI Prudential Ultra Short Term Fund has returned 6.4% over 1 year, 6.8% over 3 years and 6.8% over 5 years (annualised).
Is there a lock-in or exit load on ICICI Prudential Ultra Short Term Fund?
Lock-in: None. Exit load: Exit load of 0.50% if redeemed within 1 month.
How risky is ICICI Prudential Ultra Short Term Fund?
ICICI Prudential Ultra Short Term Fund is rated Moderate on the SEBI riskometer and belongs to the Ultra Short Duration category.
Which fund house manages ICICI Prudential Ultra Short Term Fund?
ICICI Prudential Ultra Short Term Fund is managed by ICICI Prudential Mutual Fund, which runs 109 schemes with ₹11,76,218 Cr under management.