ICICI Prudential Ultra Short Term Fund
Ultra Short DurationModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹30.07+0.05%1 day
- Return since launch
- 7.3%
- 52-week range
- ₹28.34 — ₹30.05
- AUM
- ₹14,629 Cr
ICICI Prudential Ultra Short Term Fund is a Ultra Short Duration debt fund from ICICI Prudential Mutual Fund with ₹14,629 Cr under management, launched in 2011. Over three years it has returned 6.6% a year, against 6.6% 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 +6.0% 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 | 6.1% | +0.1 pts | 6.0% | 6.2% |
| 2Y | 6.3% | +0.2 pts | 6.1% | 6.3% |
| 3Y | 6.6% | 0.0 pts | 6.6% | 6.5% |
| 5Y | 6.7% | +0.7 pts | 6.0% | 6.5% |
| 7Y | 6.4% | +0.3 pts | 6.0% | 6.1% |
| 10Y | 6.4% | +0.6 pts | 5.8% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.3% | 0.0 pts | 1.3% | 1.3% |
| 6M | 3.1% | 0.0 pts | 3.1% | 3.1% |
| 1Y | 6.0% | 0.0 pts | 6.0% | 6.1% |
| 2Y | 6.6% | +0.3 pts | 6.3% | 6.5% |
| 3Y | 6.9% | +0.3 pts | 6.6% | 6.8% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.2% |
| 7Y | 6.1% | +0.5 pts | 5.6% | 5.7% |
| 10Y | 6.6% | +0.7 pts | 5.8% | 6.5% |
Since launch (13 Apr 2011): 7.3%
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 5 Nov 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 | 2.32 | — | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.25 | — | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.48 | — | 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 30 Sep 2026
Asset allocation
- Debt65.5%
- Other34.5%
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 |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 4.62% | ₹703 Cr | +6.82% | +4.42% | +3.11% |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.58% | ₹545 Cr | +1.57% | +0.55% | +2.98% |
| Reserve Bank of India | Financial | 3.28% | ₹500 Cr | +6.96% | — | — |
| Others | Others | 2.74% | ₹418 Cr | +1.71% | +1.78% | +1.55% |
| LIC Housing Finance Ltd. | Financial | 2.66% | ₹406 Cr | +4.15% | +3.21% | +0.85% |
| Punjab National Bank | Financial | 2.57% | ₹391 Cr | +1.67% | +0.69% | +0.33% |
| Vedanta Ltd. | Metals & Mining | 2.08% | ₹318 Cr | +2.40% | +2.58% | +2.04% |
| GOI | Sovereign | 2.03% | ₹310 Cr | +2.16% | +2.28% | +4.97% |
| Motilal Oswal Financial Services Ltd. | Financial | 1.93% | ₹294 Cr | +2.67% | +2.75% | — |
| Angel One Ltd. | Financial | 1.92% | ₹292 Cr | +2.00% | +2.05% | +1.67% |
| Radhakrishna Securitisation Trust | Others | 1.72% | ₹262 Cr | +2.05% | +3.24% | +3.09% |
| Muthoot Finance Ltd. | Financial | 1.64% | ₹250 Cr | +0.07% | +0.07% | +1.16% |
| AU Small Finance Bank Ltd. | Financial | 1.62% | ₹246 Cr | +1.69% | +1.74% | +0.65% |
| Bank Of Baroda | Financial | 1.61% | ₹246 Cr | +0.17% | +1.73% | +1.34% |
| Indusind Bank Ltd. | Financial | 1.61% | ₹245 Cr | +1.67% | +1.73% | +1.99% |
| Piramal Finance Ltd. | Financial | 1.51% | ₹231 Cr | +1.62% | +1.77% | +1.88% |
| Nuvama Wealth Finance Ltd. | Financial | 1.48% | ₹225 Cr | +1.74% | +2.94% | +2.72% |
| Ultratech Cement Ltd. | Materials | 1.44% | ₹219 Cr | — | — | — |
| The Federal Bank Ltd. | Financial | 1.25% | ₹190 Cr | — | — | — |
| 360 ONE Wealth Ltd. | Financial | 1.22% | ₹186 Cr | +1.05% | +1.10% | +1.03% |
| Kotak Mahindra Bank Ltd. | Financial | 1.13% | ₹173 Cr | +1.18% | +1.22% | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.99% | ₹151 Cr | +1.05% | — | — |
| DLF Cyber City Developers Ltd. | Construction | 0.99% | ₹151 Cr | +1.05% | +1.11% | +1.04% |
| Mahindra Rural Housing Finance Ltd. | Financial | 0.99% | ₹150 Cr | +0.35% | +0.37% | +0.35% |
| MashreqBank PSC | Financial | 0.97% | ₹148 Cr | +1.01% | +1.05% | — |
| Equitas Small Finance Bank Ltd. | Financial | 0.97% | ₹148 Cr | +1.01% | +1.42% | +0.50% |
| Panatone Finvest Ltd | Financial | 0.96% | ₹147 Cr | +1.01% | +1.04% | — |
| Nirma Ltd. | Consumer Staples | 0.96% | ₹146 Cr | +1.02% | +0.89% | +0.68% |
| Yes Bank Ltd. | Financial | 0.96% | ₹146 Cr | +1.00% | +1.03% | — |
| REC Ltd. | Financial | 0.95% | ₹145 Cr | +0.21% | +0.22% | +0.51% |
| Vedanta Power Ltd | Capital Goods | 0.95% | ₹145 Cr | — | — | — |
| Embassy Office Parks REIT | Construction | 0.95% | ₹145 Cr | +1.01% | +1.06% | +0.99% |
| Phoenix ARC Pvt Ltd. | Diversified | 0.75% | ₹115 Cr | +1.34% | +1.38% | +0.99% |
| Godrej Industries Ltd. | Consumer Staples | 0.66% | ₹100 Cr | +0.70% | — | — |
| UNO Minda Ltd. | Automobile | 0.66% | ₹100 Cr | +0.70% | +0.73% | +0.68% |
| Nuvama Wealth and Investment Limited | Financial | 0.65% | ₹99.63 Cr | +0.70% | +1.44% | +1.29% |
| Manappuram Finance Ltd. | Financial | 0.65% | ₹99.05 Cr | +0.34% | +1.06% | +0.34% |
| HDFC Bank Ltd. | Financial | 0.64% | ₹97.95 Cr | +0.67% | +1.39% | +1.49% |
| IDFC First Bank Ltd. | Financial | 0.64% | ₹97.68 Cr | +0.67% | +0.18% | +1.31% |
| Canara Bank | Financial | 0.64% | ₹97.34 Cr | +0.52% | +0.69% | +0.66% |
| Axis Bank Ltd. | Financial | 0.64% | ₹97.33 Cr | +0.67% | +2.08% | +0.98% |
| Union Bank of India | Financial | 0.64% | ₹97.01 Cr | +0.67% | — | +0.33% |
| JM Financial Credit Solutions Ltd. | Financial | 0.49% | ₹75.34 Cr | +0.52% | +0.37% | — |
| Lodha Developers Ltd. | Construction | 0.49% | ₹75.12 Cr | +0.52% | — | — |
| Motilal Oswal Home Finance Ltd. | Financial | 0.49% | ₹75.01 Cr | +1.40% | +1.47% | +1.38% |
| Bajaj Housing Finance Ltd. | Financial | 0.49% | ₹74.88 Cr | +0.52% | — | — |
| JM Financial Services Pvt. Ltd. | Financial | 0.49% | ₹74.18 Cr | +0.52% | +0.53% | +1.19% |
| Tata Capital Housing Finance Ltd. | Financial | 0.46% | ₹70.12 Cr | +0.01% | +0.01% | +0.01% |
| Tamilnadu State | Others | 0.40% | ₹61.10 Cr | — | — | +0.86% |
| Telangana State | Financial | 0.36% | ₹55.36 Cr | +0.39% | +0.41% | — |
| SPR Auto Technologies Ltd. | Automobile | 0.34% | ₹52.03 Cr | +0.36% | +0.38% | — |
| West Bengal State | Others | 0.33% | ₹50.14 Cr | +0.35% | +0.37% | — |
| Sundaram Home Finance Ltd. | Financial | 0.33% | ₹50.01 Cr | +0.35% | — | — |
| Aavas Financiers Ltd. | Financial | 0.33% | ₹49.97 Cr | +0.35% | +0.37% | +0.65% |
| Bahadur Chand Investments Pvt. Ltd. | Financial | 0.33% | ₹49.93 Cr | +0.35% | +0.37% | +0.34% |
| Truhome Finance Ltd. | Financial | 0.33% | ₹49.92 Cr | +0.35% | — | — |
| Bihar State | Others | 0.30% | ₹45.29 Cr | +0.32% | +0.34% | — |
| Motilal Oswal Finevest Ltd. | Financial | 0.30% | ₹45.16 Cr | +0.32% | +0.33% | +1.36% |
| Aadhar Housing Finance Ltd | Financial | 0.26% | ₹40.05 Cr | +0.28% | +0.73% | +0.65% |
| Aadharshila Infratech Pvt. Ltd. | Construction | 0.19% | ₹29.48 Cr | +0.21% | — | — |
| Power Finance Corporation Ltd. | Financial | 0.18% | ₹27.25 Cr | +0.03% | +0.04% | +0.69% |
| Shriram Finance Ltd | Financial | 0.16% | ₹25.00 Cr | +0.17% | +0.18% | +0.34% |
| Bharti Telecom Ltd. | Communication | 0.07% | ₹9.91 Cr | +0.07% | +0.07% | +0.17% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Muthoot Finance Ltd. | 0.03% | 1.48% | +1.45% |
| Ultratech Cement Ltd. | 0.00% | 1.44% | +1.44% |
| company:2244 | 0.78% | 0.00% | -0.78% |
| company:7990 | 0.47% | 0.00% | -0.47% |
| Tata Capital Housing Finance Ltd. | 0.01% | 0.46% | +0.45% |
| Manappuram Finance Ltd. | 0.31% | 0.65% | +0.34% |
| Reserve Bank of India | 3.12% | 3.28% | +0.16% |
| Punjab National Bank | 2.43% | 2.57% | +0.13% |
| Angel One Ltd. | 1.82% | 1.92% | +0.10% |
| Vedanta Ltd. | 1.99% | 2.08% | +0.09% |
| GOI | 1.94% | 2.03% | +0.09% |
| AU Small Finance Bank Ltd. | 1.53% | 1.62% | +0.08% |
| Bank Of Baroda | 1.53% | 1.61% | +0.08% |
| Indusind Bank Ltd. | 1.52% | 1.61% | +0.08% |
| Piramal Finance Ltd. | 1.45% | 1.51% | +0.07% |
| Motilal Oswal Financial Services Ltd. | 1.21% | 1.28% | +0.07% |
| The Federal Bank Ltd. | 1.18% | 1.25% | +0.06% |
| Kotak Mahindra Bank Ltd. | 1.07% | 1.13% | +0.06% |
| Equitas Small Finance Bank Ltd. | 0.92% | 0.97% | +0.05% |
| MashreqBank PSC | 0.92% | 0.97% | +0.05% |
| Vedanta Power Ltd | 0.90% | 0.95% | +0.05% |
| Panatone Finvest Ltd | 0.91% | 0.96% | +0.05% |
| Yes Bank Ltd. | 0.91% | 0.96% | +0.05% |
| Indian Railway Finance Corporation Ltd. | 0.94% | 0.99% | +0.05% |
| DLF Cyber City Developers Ltd. | 0.94% | 0.99% | +0.04% |
| Mahindra Rural Housing Finance Ltd. | 0.94% | 0.99% | +0.04% |
| Embassy Office Parks REIT | 0.91% | 0.95% | +0.04% |
| Nirma Ltd. | 0.92% | 0.96% | +0.04% |
| LIC Housing Finance Ltd. | 0.76% | 0.80% | +0.04% |
| Nuvama Wealth Finance Ltd. | 0.78% | 0.82% | +0.04% |
| National Bank For Agriculture & Rural Development | 2.04% | 2.00% | -0.04% |
| Phoenix ARC Pvt Ltd. | 0.61% | 0.65% | +0.03% |
| HDFC Bank Ltd. | 0.61% | 0.64% | +0.03% |
| IDFC First Bank Ltd. | 0.61% | 0.64% | +0.03% |
| Axis Bank Ltd. | 0.61% | 0.64% | +0.03% |
| Small Industries Devp. Bank of India Ltd. | 0.61% | 0.64% | +0.03% |
| Union Bank of India | 0.60% | 0.64% | +0.03% |
| Nuvama Wealth and Investment Limited | 0.62% | 0.65% | +0.03% |
| UNO Minda Ltd. | 0.63% | 0.66% | +0.03% |
| Canara Bank | 0.61% | 0.64% | +0.03% |
| Godrej Industries Ltd. | 0.63% | 0.66% | +0.03% |
| Radhakrishna Securitisation Trust | 1.69% | 1.72% | +0.03% |
| JM Financial Credit Solutions Ltd. | 0.47% | 0.49% | +0.02% |
| Lodha Developers Ltd. | 0.47% | 0.49% | +0.02% |
| Bajaj Housing Finance Ltd. | 0.47% | 0.49% | +0.02% |
| 360 ONE Wealth Ltd. | 0.47% | 0.49% | +0.02% |
| Motilal Oswal Home Finance Ltd. | 0.47% | 0.49% | +0.02% |
| JM Financial Services Pvt. Ltd. | 0.46% | 0.49% | +0.02% |
| Truhome Finance Ltd. | 0.31% | 0.33% | +0.02% |
| Tamilnadu State | 0.38% | 0.40% | +0.02% |
| Others | 0.31% | 0.33% | +0.02% |
| Telangana State | 0.35% | 0.36% | +0.02% |
| Bahadur Chand Investments Pvt. Ltd. | 0.31% | 0.33% | +0.02% |
| SPR Auto Technologies Ltd. | 0.33% | 0.34% | +0.02% |
| Aavas Financiers Ltd. | 0.31% | 0.33% | +0.02% |
| Sundaram Home Finance Ltd. | 0.31% | 0.33% | +0.01% |
| West Bengal State | 0.31% | 0.33% | +0.01% |
| Aadhar Housing Finance Ltd | 0.25% | 0.26% | +0.01% |
| Motilal Oswal Finevest Ltd. | 0.28% | 0.30% | +0.01% |
| Bihar State | 0.28% | 0.30% | +0.01% |
| Aadharshila Infratech Pvt. Ltd. | 0.19% | 0.19% | +0.01% |
| Shriram Finance Ltd | 0.16% | 0.16% | +0.01% |
| Bharti Telecom Ltd. | 0.06% | 0.07% | 0.00% |
| REC Ltd. | 0.06% | 0.07% | 0.00% |
| Power Finance Corporation Ltd. | 0.02% | 0.02% | 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 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 months3.11% absolute | ₹60,000 | ₹61,866 | 3.11% | |
| 1 year6.04% annualised | ₹1,20,000 | ₹1,23,999 | 3.33% | |
| 3 years6.91% annualised | ₹3,60,000 | ₹4,01,058 | 11.40% | |
| 5 years6.35% annualised | ₹6,00,000 | ₹7,07,738 | 17.96% |
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 ₹30.07 as on 9 Nov 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 6.1% over 1 year, 6.6% over 3 years and 6.7% 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 ₹12,20,481 Cr under management.