ICICI Prudential Ultra Short to Short Term Fund
Low DurationLow to ModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹587.06-0.04%1 day
- Return since launch
- 7.6%
- 52-week range
- ₹552.86 — ₹587.58
- AUM
- ₹21,047 Cr
ICICI Prudential Ultra Short to Short Term Fund is a Low Duration debt fund from ICICI Prudential Mutual Fund with ₹21,047 Cr under management, launched in 2002. Over three years it has returned 7.0% a year, against 6.8% for its category. The expense ratio is 0.56% and the SEBI riskometer reading is Low to Moderate.
Performance
ICICI Prudential 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 +6.2% against +5.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.2% | +0.5 pts | 5.7% | 6.0% |
| 2Y | 6.6% | +0.5 pts | 6.2% | 6.2% |
| 3Y | 7.0% | +0.2 pts | 6.8% | 6.5% |
| 5Y | 7.1% | +1.0 pts | 6.1% | 6.6% |
| 7Y | 6.8% | +0.5 pts | 6.3% | 6.2% |
| 10Y | 6.8% | +0.6 pts | 6.3% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.4% | 0.4% |
| 3M | 1.3% | +0.1 pts | 1.3% | 1.3% |
| 6M | 3.3% | +0.1 pts | 3.2% | 3.2% |
| 1Y | 6.2% | +0.5 pts | 5.7% | 5.7% |
| 2Y | 7.1% | +0.5 pts | 6.6% | 6.6% |
| 3Y | 7.3% | +0.5 pts | 6.8% | 6.8% |
| 5Y | 6.5% | +0.4 pts | 6.1% | 6.1% |
| 7Y | 6.7% | +0.5 pts | 6.2% | 5.9% |
| 10Y | 7.0% | +0.7 pts | 6.3% | 6.2% |
Since launch (16 Sep 2002): 7.6%
Calendar-year returns
Category average8.6%
3.8%
4.5%
7.6%
7.9%
7.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.7% | −0.1 pts | 7.8% |
| 2024 | 7.9% | +0.1 pts | 7.8% |
| 2023 | 7.6% | +0.3 pts | 7.4% |
| 2022 | 4.5% | −0.1 pts | 4.6% |
| 2021 | 3.8% | −0.8 pts | 4.6% |
| 2020 | 8.6% | −0.1 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
0.53%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.45%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.08%
- Exit load
- Exit load of 0.25% if investment is redeemed within 7 days.
- 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 | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 2.18 | 1.81 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.36 | 2.70 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.65 | 0.63 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
ICICI Prudential Ultra Short to Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt86.4%
- Other13.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.90% | ₹1,241 Cr | +1.66% | +1.36% | +1.31% |
| Radhakrishna Securitisation Trust | Others | 4.09% | ₹861 Cr | +3.34% | +2.82% | — |
| National Bank For Agriculture & Rural Development | Financial | 3.17% | ₹668 Cr | +5.20% | +1.53% | +4.45% |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.32% | ₹487 Cr | +4.59% | +0.37% | +0.47% |
| Power Finance Corporation Ltd. | Financial | 2.31% | ₹487 Cr | +1.23% | +0.94% | +2.58% |
| Punjab National Bank | Financial | 2.31% | ₹485 Cr | +0.28% | +0.30% | +0.78% |
| Bajaj Housing Finance Ltd. | Financial | 2.00% | ₹420 Cr | +1.61% | +1.35% | +0.72% |
| Bank of India | Financial | 1.96% | ₹412 Cr | +1.83% | +1.50% | +0.18% |
| GOI | Sovereign | 1.93% | ₹407 Cr | +2.58% | +3.25% | +9.41% |
| Muthoot Finance Ltd. | Financial | 1.90% | ₹400 Cr | +0.46% | +0.39% | +0.45% |
| Tata Capital Housing Finance Ltd. | Financial | 1.86% | ₹392 Cr | +1.49% | +1.25% | +0.59% |
| Piramal Finance Ltd. | Financial | 1.84% | ₹387 Cr | +0.39% | +0.32% | +1.67% |
| Reserve Bank of India | Financial | 1.67% | ₹352 Cr | +0.27% | +0.01% | +0.89% |
| Bank Of Baroda | Financial | 1.62% | ₹341 Cr | +3.31% | +2.71% | +0.72% |
| 360 ONE Wealth Ltd. | Financial | 1.54% | ₹325 Cr | +2.12% | +1.76% | +2.03% |
| LIC Housing Finance Ltd. | Financial | 1.54% | ₹325 Cr | +1.54% | +1.29% | +2.22% |
| Tata Capital Financial Services Ltd. | Financial | 1.42% | ₹300 Cr | +1.15% | +0.97% | — |
| JTPM Metal Traders Ltd. | Metals & Mining | 1.38% | ₹291 Cr | +1.10% | +0.90% | — |
| India Universal Trust AL1 | Others | 1.35% | ₹284 Cr | +1.14% | +0.97% | +1.16% |
| Bihar State | Others | 1.31% | ₹275 Cr | +1.05% | +0.89% | — |
| IDFC First Bank Ltd. | Financial | 1.15% | ₹243 Cr | +0.92% | +0.31% | +0.36% |
| Motilal Oswal Finevest Ltd. | Financial | 0.95% | ₹201 Cr | +0.77% | +0.64% | — |
| Nomura Fixed Income Securities Pvt. Ltd. | Financial | 0.95% | ₹199 Cr | — | — | -0.18% |
| Embassy Office Parks REIT | Construction | 0.78% | ₹165 Cr | +0.63% | +0.53% | +0.18% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.74% | ₹155 Cr | +0.79% | +0.66% | +0.76% |
| SPR Auto Technologies Ltd. | Automobile | 0.70% | ₹146 Cr | +0.56% | +0.47% | — |
| HDFC Bank Ltd. | Financial | 0.69% | ₹146 Cr | +1.56% | +1.28% | +0.70% |
| Shivshakti Securitisation Trust | Others | 0.59% | ₹123 Cr | +0.48% | +0.41% | — |
| Bahadur Chand Investments Pvt. Ltd. | Financial | 0.52% | ₹110 Cr | +0.42% | +0.35% | +0.41% |
| Nexus Select Trust | Construction | 0.47% | ₹99.55 Cr | +0.38% | +0.32% | +0.37% |
| Karnataka State | Others | 0.47% | ₹99.44 Cr | +0.38% | +0.32% | — |
| Motilal Oswal Financial Services Ltd. | Financial | 0.47% | ₹98.96 Cr | +0.38% | +0.32% | — |
| MashreqBank PSC | Financial | 0.47% | ₹98.09 Cr | +0.37% | +0.30% | — |
| Indusind Bank Ltd. | Financial | 0.46% | ₹97.27 Cr | +0.37% | +0.30% | +0.71% |
| REC Ltd. | Financial | 0.45% | ₹95.48 Cr | +0.23% | +0.20% | +2.15% |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 0.43% | ₹90.26 Cr | +0.35% | +0.29% | +0.34% |
| JM Financial Credit Solutions Ltd. | Financial | 0.43% | ₹90.12 Cr | +0.35% | +0.29% | +0.33% |
| JM Financial Services Pvt. Ltd. | Financial | 0.35% | ₹74.27 Cr | +0.37% | +0.30% | — |
| company:5721 | Financial | 0.35% | ₹73.02 Cr | +0.64% | +0.60% | +0.70% |
| Canara Bank | Financial | 0.35% | ₹72.80 Cr | +0.46% | +1.20% | +0.72% |
| Aavas Financiers Ltd. | Financial | 0.33% | ₹69.80 Cr | +0.27% | +0.22% | +0.35% |
| Mahindra Rural Housing Finance Ltd. | Financial | 0.24% | ₹50.10 Cr | +0.19% | +0.16% | +0.19% |
| ICICI Home Finance Company Ltd. | Financial | 0.24% | ₹50.09 Cr | +0.19% | +0.16% | +0.24% |
| Bajaj Finance Ltd. | Financial | 0.24% | ₹49.53 Cr | +0.19% | — | — |
| Union Bank of India | Financial | 0.23% | ₹48.74 Cr | +2.21% | +1.81% | +0.45% |
| Shriram Finance Ltd | Financial | 0.20% | ₹41.37 Cr | +0.16% | +0.08% | +0.19% |
| Bharti Telecom Ltd. | Communication | 0.19% | ₹39.34 Cr | +0.29% | +0.24% | +0.28% |
| Sansar Trust | Others | 0.12% | ₹26.16 Cr | +0.16% | +0.19% | +0.41% |
| Madhya Pradesh State | Others | 0.12% | ₹25.70 Cr | +0.10% | +0.08% | +0.10% |
| National Bank For Financing Infrastructure And Development | Financial | 0.11% | ₹24.17 Cr | +0.55% | — | — |
| Rajasthan State | Others | 0.06% | ₹12.01 Cr | +0.05% | +0.04% | — |
| Maharashtra State | Others | 0.02% | ₹5.12 Cr | +0.02% | +0.02% | +0.28% |
| Indian Bank | Financial | 0.02% | ₹4.91 Cr | +0.37% | +0.30% | +0.18% |
| company:11523 | Others | 0.02% | ₹4.90 Cr | — | — | — |
| Gujarat State | Construction | 0.01% | ₹2.32 Cr | +0.12% | +1.15% | +0.19% |
| Godrej Seeds & Genetics Ltd. | Consumer Staples | 0.01% | ₹1.23 Cr | +0.06% | +0.05% | +0.06% |
| Housing & Urban Development Corporation Ltd. | Financial | 0.00% | ₹0.31 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Punjab National Bank | 0.33% | 2.31% | +1.97% |
| Muthoot Finance Ltd. | 0.28% | 1.42% | +1.15% |
| Bank Of Baroda | 2.67% | 1.62% | -1.05% |
| Kotak Mahindra Bank Ltd. | 0.89% | 0.00% | -0.89% |
| Indian Bank | 0.44% | 0.02% | -0.42% |
| Reserve Bank of India | 2.07% | 1.67% | -0.39% |
| company:5721 | 0.00% | 0.35% | +0.35% |
| Eris Lifesciences Ltd. | 0.30% | 0.00% | -0.30% |
| Radhakrishna Securitisation Trust | 3.95% | 4.09% | +0.14% |
| JM Financial Services Pvt. Ltd. | 0.44% | 0.35% | -0.09% |
| Bank of India | 1.88% | 1.96% | +0.07% |
| Godrej Seeds & Genetics Ltd. | 0.07% | 0.01% | -0.07% |
| Bajaj Housing Finance Ltd. | 1.94% | 2.00% | +0.06% |
| GOI | 1.53% | 1.59% | +0.06% |
| JTPM Metal Traders Ltd. | 1.34% | 1.38% | +0.05% |
| National Bank For Agriculture & Rural Development | 1.38% | 1.43% | +0.05% |
| IDFC First Bank Ltd. | 1.11% | 1.15% | +0.04% |
| Tata Capital Financial Services Ltd. | 1.38% | 1.42% | +0.04% |
| 360 ONE Wealth Ltd. | 1.27% | 1.31% | +0.04% |
| Bihar State | 1.27% | 1.31% | +0.03% |
| LIC Housing Finance Ltd. | 0.92% | 0.95% | +0.03% |
| Motilal Oswal Finevest Ltd. | 0.93% | 0.95% | +0.03% |
| Tata Capital Housing Finance Ltd. | 0.89% | 0.92% | +0.03% |
| Nomura Fixed Income Securities Pvt. Ltd. | 0.92% | 0.95% | +0.03% |
| HDFC Bank Ltd. | 0.67% | 0.69% | +0.03% |
| Embassy Office Parks REIT | 0.76% | 0.78% | +0.02% |
| company:11523 | 0.00% | 0.02% | +0.02% |
| Mahindra & Mahindra Financial Services Ltd. | 0.71% | 0.74% | +0.02% |
| SPR Auto Technologies Ltd. | 0.68% | 0.70% | +0.02% |
| India Universal Trust AL1 | 1.33% | 1.35% | +0.02% |
| Shivshakti Securitisation Trust | 0.57% | 0.59% | +0.02% |
| Indusind Bank Ltd. | 0.44% | 0.46% | +0.02% |
| MashreqBank PSC | 0.45% | 0.47% | +0.02% |
| Sansar Trust | 0.14% | 0.12% | -0.02% |
| Bahadur Chand Investments Pvt. Ltd. | 0.51% | 0.52% | +0.02% |
| Others | 0.40% | 0.41% | +0.01% |
| Nexus Select Trust | 0.46% | 0.47% | +0.01% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 0.42% | 0.43% | +0.01% |
| Canara Bank | 0.33% | 0.35% | +0.01% |
| Motilal Oswal Financial Services Ltd. | 0.46% | 0.47% | +0.01% |
| JM Financial Credit Solutions Ltd. | 0.42% | 0.43% | +0.01% |
| Karnataka State | 0.46% | 0.47% | +0.01% |
| Power Finance Corporation Ltd. | 0.37% | 0.38% | +0.01% |
| Aavas Financiers Ltd. | 0.32% | 0.33% | +0.01% |
| Mahindra Rural Housing Finance Ltd. | 0.23% | 0.24% | +0.01% |
| Piramal Finance Ltd. | 0.23% | 0.24% | +0.01% |
| ICICI Home Finance Company Ltd. | 0.23% | 0.24% | +0.01% |
| Bajaj Finance Ltd. | 0.23% | 0.24% | +0.01% |
| Shriram Finance Ltd | 0.19% | 0.20% | +0.01% |
| Bharti Telecom Ltd. | 0.18% | 0.19% | +0.01% |
| Small Industries Devp. Bank of India Ltd. | 0.11% | 0.11% | 0.00% |
| National Bank For Financing Infrastructure And Development | 0.11% | 0.11% | 0.00% |
| Madhya Pradesh State | 0.12% | 0.12% | 0.00% |
| Union Bank of India | 0.23% | 0.23% | 0.00% |
| REC Ltd. | 0.07% | 0.07% | 0.00% |
| Rajasthan State | 0.06% | 0.06% | 0.00% |
| Maharashtra State | 0.02% | 0.02% | 0.00% |
| Gujarat State | 0.01% | 0.01% | 0.00% |
| Housing & Urban Development Corporation Ltd. | 0.00% | 0.00% | 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 | ₹1,729 Cr | 0.42% | 6.2% | 6.8% | 6.8% |
 Tata Ultra Short to Short Term Fund | ₹2,871 Cr | 0.57% | 6.2% | 6.7% | 6.7% |
 UTI Ultra Short to Short Term Fund | ₹2,680 Cr | 0.48% | 6.2% | 6.9% | 6.9% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,228 Cr | 0.36% | 6.3% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹138 Cr | 0.29% | 6.2% | — | — |
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 of various maturities with a view to maximising income while maintaining the optimum balance of yield, safety and liquidity.
Fund managers
- Darshil DedhiaMr. Dedhia has done CA and CFA.He has been working with ICICI Prudential Mutual Fund since 2013.
- Nikhil KabraMr. Kabra is a B.Com and Chartered Accountant.Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.
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 months3.31% absolute | ₹60,000 | ₹61,986 | 3.31% | |
| 1 year6.18% annualised | ₹1,20,000 | ₹1,24,094 | 3.41% | |
| 3 years7.25% annualised | ₹3,60,000 | ₹4,03,225 | 12.01% | |
| 5 years6.54% annualised | ₹6,00,000 | ₹7,11,325 | 18.55% |
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 to Short Term Fund?
The NAV of ICICI Prudential Ultra Short to Short Term Fund is ₹587.06 as on 25 Sep 2026.
What is the expense ratio of ICICI Prudential Ultra Short to Short Term Fund?
The expense ratio of ICICI Prudential Ultra Short to Short Term Fund is 0.56% per year.
What is the minimum SIP amount for ICICI Prudential Ultra Short to Short Term Fund?
You can start a SIP in ICICI Prudential Ultra Short to Short Term Fund with ₹3,000 a month.
What returns has ICICI Prudential Ultra Short to Short Term Fund given?
ICICI Prudential Ultra Short to Short Term Fund has returned 6.2% over 1 year, 7.0% over 3 years and 7.1% over 5 years (annualised).
Is there a lock-in or exit load on ICICI Prudential Ultra Short to Short Term Fund?
Lock-in: None. Exit load: Exit load of 0.25% if investment is redeemed within 7 days..
How risky is ICICI Prudential Ultra Short to Short Term Fund?
ICICI Prudential 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 ICICI Prudential Ultra Short to Short Term Fund?
ICICI Prudential Ultra Short to Short Term Fund is managed by ICICI Prudential Mutual Fund, which runs 109 schemes with ₹11,76,218 Cr under management.