ITI Ultra Short Term Fund
- NAV as on 24 Sep 2026
- ₹1,323.510.00%1 day
- Return since launch
- 5.3%
- 52-week range
- ₹1,252.28 — ₹1,323.50
- AUM
- ₹165 Cr
ITI Ultra Short Term Fund is a Ultra Short Duration debt fund from ITI Mutual Fund with ₹165 Cr under management, launched in 2021. Over three years it has returned 6.1% a year, against 6.7% for its category. The expense ratio is 0.91% and the SEBI riskometer reading is Low to Moderate.
Performance
ITI 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 +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.9% | −0.2 pts | 6.1% | 6.5% |
| 2Y | 5.9% | −0.4 pts | 6.3% | 6.5% |
| 3Y | 6.1% | −0.6 pts | 6.7% | 6.7% |
| 5Y | 6.0% | 0.0 pts | 6.0% | 6.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | −0.1 pts | 0.5% | 0.5% |
| 3M | 1.4% | −0.2 pts | 1.6% | 1.6% |
| 6M | 3.2% | −0.3 pts | 3.5% | 3.5% |
| 1Y | 5.7% | −0.4 pts | 6.1% | 6.3% |
| 2Y | 6.1% | −0.4 pts | 6.5% | 6.7% |
| 3Y | 6.2% | −0.4 pts | 6.7% | 6.8% |
| 5Y | 5.5% | −0.5 pts | 6.0% | 6.1% |
Since launch (19 Apr 2021): 5.3%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.2% | −1.0 pts | 7.2% |
| 2024 | 6.5% | −1.1 pts | 7.6% |
| 2023 | 6.3% | −0.9 pts | 7.2% |
| 2022 | 3.8% | −1.0 pts | 4.8% |
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
0.91%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.79%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.11%
- 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.
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 | 1.12 | 2.59 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.59 | 3.78 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.35 | 0.42 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
ITI Ultra Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt94.4%
- Other5.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Indian Bank | Financial | 8.57% | ₹14.18 Cr | — | +10.24% | — |
| National Bank For Agriculture & Rural Development | Financial | 8.38% | ₹13.86 Cr | +6.56% | +10.24% | +17.44% |
| Bank Of Baroda | Financial | 8.18% | ₹13.54 Cr | +6.52% | +10.23% | +8.78% |
| company:11647 | Financial | 7.53% | ₹12.46 Cr | — | — | — |
| Reserve Bank of India | Financial | 7.24% | ₹11.97 Cr | +10.34% | +3.57% | +2.03% |
| ICICI Securities Ltd. | Financial | 6.65% | ₹11.00 Cr | — | +9.07% | — |
| REC Ltd. | Financial | 6.06% | ₹10.03 Cr | +6.90% | — | +8.79% |
| Others | Others | 6.00% | ₹9.95 Cr | +1.38% | +1.02% | +1.11% |
| Axis Bank Ltd. | Financial | 5.87% | ₹9.70 Cr | — | +0.26% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.86% | ₹9.69 Cr | +6.53% | — | +8.83% |
| ICICI Bank Ltd. | Financial | 3.62% | ₹5.99 Cr | +3.26% | — | — |
| Kotak Mahindra Securities Ltd. | Financial | 3.61% | ₹5.97 Cr | — | — | — |
| Canara Bank | Financial | 3.02% | ₹4.99 Cr | — | +2.56% | +2.84% |
| LIC Housing Finance Ltd. | Financial | 3.02% | ₹4.99 Cr | +3.45% | +5.13% | +5.93% |
| company:14899 | Financial | 3.02% | ₹5.00 Cr | — | — | — |
| Punjab National Bank | Financial | 2.94% | ₹4.86 Cr | +3.28% | — | — |
| HDFC Bank Ltd. | Financial | 1.18% | ₹1.95 Cr | +1.31% | — | +0.59% |
| company:4578 | Sovereign | 0.91% | ₹1.50 Cr | — | +0.76% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:11647 | 0.00% | 7.53% | +7.53% |
| Ultratech Cement Ltd. | 3.08% | 0.00% | -3.08% |
| company:14899 | 0.00% | 3.02% | +3.02% |
| NTPC Ltd. | 2.77% | 0.00% | -2.77% |
| LIC Housing Finance Ltd. | 0.62% | 3.02% | +2.40% |
| company:4578 | 0.00% | 0.91% | +0.91% |
| REC Ltd. | 6.18% | 6.06% | -0.12% |
| Indian Bank | 8.68% | 8.57% | -0.11% |
| Bank Of Baroda | 8.28% | 8.18% | -0.10% |
| Reserve Bank of India | 7.33% | 7.24% | -0.09% |
| ICICI Securities Ltd. | 6.73% | 6.65% | -0.08% |
| National Bank For Agriculture & Rural Development | 5.51% | 5.44% | -0.07% |
| Axis Bank Ltd. | 5.93% | 5.87% | -0.06% |
| Small Industries Devp. Bank of India Ltd. | 5.92% | 5.86% | -0.06% |
| ICICI Bank Ltd. | 3.66% | 3.62% | -0.04% |
| Kotak Mahindra Securities Ltd. | 3.65% | 3.61% | -0.04% |
| Punjab National Bank | 2.97% | 2.94% | -0.03% |
| Canara Bank | 3.05% | 3.02% | -0.03% |
| HDFC Bank Ltd. | 1.19% | 1.18% | -0.01% |
| Others | 0.41% | 0.41% | 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 | ₹1,772 Cr | 0.31% | 7.0% | 6.8% | 6.8% |
 HSBC Ultra Short Term Fund | ₹3,628 Cr | 0.38% | 6.8% | 6.8% | 6.8% |
 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% | 7.1% | — | — |
 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 regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months.
Fund managers
- Laukik BagweMr. Bagwe is a B.Com (H) and PGDBA (Finance)Prior to joining ITI Mutual fund he has worked with DSP Mutual Fund, Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.
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 months3.17% absolute | ₹60,000 | ₹61,902 | 3.17% | |
| 1 year5.69% annualised | ₹1,20,000 | ₹1,23,764 | 3.14% | |
| 3 years6.24% annualised | ₹3,60,000 | ₹3,96,829 | 10.23% | |
| 5 years5.53% annualised | ₹6,00,000 | ₹6,92,514 | 15.42% |
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.