LIC MF Ultra Short to Short Term Fund
Low DurationLow to ModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹42.50-0.04%1 day
- Return since launch
- 6.4%
- 52-week range
- ₹40.12 — ₹42.51
- AUM
- ₹2,010 Cr
LIC MF Ultra Short to Short Term Fund is a Low Duration debt fund from LIC Mutual Fund with ₹2,010 Cr under management, launched in 2003. Over three years it has returned 6.5% a year, against 6.8% for its category. The expense ratio is 0.43% and the SEBI riskometer reading is Low to Moderate.
Performance
LIC MF 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 +5.9% 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 | 6.3% | +0.6 pts | 5.7% | 6.0% |
| 2Y | 6.3% | +0.1 pts | 6.2% | 6.3% |
| 3Y | 6.5% | −0.3 pts | 6.8% | 6.6% |
| 5Y | 6.4% | +0.3 pts | 6.1% | 6.6% |
| 7Y | 6.1% | −0.2 pts | 6.3% | 6.2% |
| 10Y | 5.9% | −0.4 pts | 6.3% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | +0.1 pts | 0.4% | 0.4% |
| 3M | 1.5% | +0.1 pts | 1.4% | 1.4% |
| 6M | 3.5% | +0.3 pts | 3.3% | 3.3% |
| 1Y | 5.9% | +0.2 pts | 5.7% | 5.8% |
| 2Y | 6.6% | 0.0 pts | 6.6% | 6.6% |
| 3Y | 6.7% | −0.1 pts | 6.8% | 6.8% |
| 5Y | 5.9% | −0.2 pts | 6.1% | 6.1% |
| 7Y | 5.9% | −0.3 pts | 6.2% | 6.0% |
| 10Y | 5.9% | −0.4 pts | 6.3% | 6.2% |
Since launch (29 May 2003): 6.4%
Calendar-year returns
Category average7.0%
3.7%
3.8%
6.5%
7.1%
6.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.9% | −0.9 pts | 7.8% |
| 2024 | 7.1% | −0.8 pts | 7.8% |
| 2023 | 6.5% | −0.8 pts | 7.4% |
| 2022 | 3.8% | −0.8 pts | 4.6% |
| 2021 | 3.7% | −0.9 pts | 4.6% |
| 2020 | 7.0% | −1.7 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
0.43%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.37%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.05%
- Exit load
- Exit load of 3%, if redeemed within 6 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Low Duration Debt A-I Index
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 | 1.25 | 1.93 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.95 | 2.92 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.63 | 0.64 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF Ultra Short to Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt92.5%
- Other7.5%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 7.78% | ₹156 Cr | +1.02% | +0.80% | +0.72% |
| Punjab National Bank | Financial | 4.81% | ₹96.62 Cr | +5.87% | +2.33% | +0.50% |
| Embassy Office Parks REIT | Construction | 3.66% | ₹73.50 Cr | +5.84% | — | — |
| Time Technoplast Ltd. | Materials | 3.64% | ₹73.19 Cr | +3.09% | +2.41% | +2.55% |
| HDFC Bank Ltd. | Financial | 3.63% | ₹73.06 Cr | +1.50% | +2.36% | +0.25% |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.56% | ₹71.64 Cr | +5.84% | +4.66% | +0.55% |
| ICICI Bank Ltd. | Financial | 2.91% | ₹58.41 Cr | +3.55% | +2.80% | — |
| REC Ltd. | Financial | 2.76% | ₹55.42 Cr | +0.63% | +0.54% | +8.13% |
| 360 ONE Wealth Ltd. | Financial | 2.69% | ₹54.15 Cr | +3.29% | +2.58% | — |
| Tata Capital Housing Finance Ltd. | Financial | 2.50% | ₹50.22 Cr | +3.29% | +2.62% | +2.66% |
| Mindspace Business Parks REIT | Construction | 2.48% | ₹49.86 Cr | +3.08% | +2.49% | — |
| company:5329 | Financial | 2.43% | ₹48.78 Cr | — | +1.20% | +2.50% |
| Canara Bank | Financial | 2.35% | ₹47.20 Cr | +2.96% | +2.33% | +2.54% |
| Angel One Ltd. | Financial | 1.86% | ₹37.41 Cr | — | +2.47% | — |
| Bajaj Finance Ltd. | Financial | 1.72% | ₹34.56 Cr | +2.10% | +1.65% | — |
| National Bank For Agriculture & Rural Development | Financial | 1.52% | ₹30.64 Cr | +3.25% | +5.14% | +7.93% |
| Piramal Finance Pvt. Ltd. | Financial | 1.34% | ₹26.96 Cr | — | — | — |
| Poonawalla Fincorp Ltd. | Financial | 1.32% | ₹26.62 Cr | +1.62% | +1.28% | +2.64% |
| Power Finance Corporation Ltd. | Financial | 1.29% | ₹25.92 Cr | +1.58% | — | +0.51% |
| Bharti Telecom Ltd. | Communication | 1.28% | ₹25.74 Cr | +1.57% | +2.54% | — |
| Export-Import Bank Of India | Financial | 1.23% | ₹24.69 Cr | — | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.75% | ₹15.13 Cr | +0.92% | +0.77% | +0.79% |
| Reserve Bank of India | Financial | 0.74% | ₹14.91 Cr | +6.17% | +4.90% | +5.18% |
| ICICI Securities Ltd. | Financial | 0.73% | ₹14.67 Cr | — | — | +2.53% |
| GIC Housing Finance Ltd. | Financial | 0.59% | ₹11.85 Cr | +0.32% | +0.51% | +1.32% |
| GOI | Sovereign | 0.58% | ₹11.70 Cr | +0.71% | +1.22% | +0.57% |
| Tata Capital Financial Services Ltd. | Financial | 0.27% | ₹5.37 Cr | +0.33% | +0.26% | +0.28% |
| Bajaj Housing Finance Ltd. | Financial | 0.26% | ₹5.16 Cr | +0.31% | — | +2.76% |
| Gujarat State | Construction | 0.25% | ₹5.12 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.24% | ₹4.87 Cr | +0.30% | +2.33% | +2.56% |
| Punjab State | Others | 0.01% | ₹0.21 Cr | +0.01% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:5329 | 0.00% | 2.43% | +2.43% |
| HDFC Bank Ltd. | 1.40% | 3.63% | +2.23% |
| Punjab National Bank | 5.49% | 4.81% | -0.69% |
| Time Technoplast Ltd. | 4.16% | 3.64% | -0.52% |
| ICICI Bank Ltd. | 3.32% | 2.91% | -0.41% |
| 360 ONE Wealth Ltd. | 3.08% | 2.69% | -0.39% |
| Small Industries Devp. Bank of India Ltd. | 2.74% | 2.35% | -0.38% |
| Mindspace Business Parks REIT | 2.85% | 2.48% | -0.37% |
| Embassy Office Parks REIT | 2.74% | 2.40% | -0.34% |
| Canara Bank | 2.69% | 2.35% | -0.34% |
| Angel One Ltd. | 2.13% | 1.86% | -0.27% |
| Bajaj Finance Ltd. | 1.96% | 1.72% | -0.25% |
| Piramal Finance Pvt. Ltd. | 1.53% | 1.34% | -0.19% |
| Poonawalla Fincorp Ltd. | 1.51% | 1.32% | -0.19% |
| Power Finance Corporation Ltd. | 1.48% | 1.29% | -0.19% |
| Bharti Telecom Ltd. | 1.47% | 1.28% | -0.19% |
| Tata Capital Housing Finance Ltd. | 1.43% | 1.25% | -0.18% |
| Export-Import Bank Of India | 1.40% | 1.23% | -0.17% |
| Indian Railway Finance Corporation Ltd. | 0.86% | 0.75% | -0.11% |
| Reserve Bank of India | 0.85% | 0.74% | -0.11% |
| ICICI Securities Ltd. | 0.83% | 0.73% | -0.10% |
| GIC Housing Finance Ltd. | 0.68% | 0.59% | -0.09% |
| GOI | 0.67% | 0.58% | -0.09% |
| Others | 0.32% | 0.28% | -0.04% |
| Tata Capital Financial Services Ltd. | 0.31% | 0.27% | -0.04% |
| REC Ltd. | 0.30% | 0.26% | -0.04% |
| Bajaj Housing Finance Ltd. | 0.29% | 0.26% | -0.04% |
| Gujarat State | 0.29% | 0.25% | -0.04% |
| Bank Of Baroda | 0.28% | 0.24% | -0.03% |
| National Bank For Agriculture & Rural Development | 0.28% | 0.24% | -0.03% |
| Punjab State | 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 | ₹5,593 Cr | 0.45% | 6.3% | 6.9% | 6.9% |
 ICICI Prudential Ultra Short to Short Term Fund | ₹21,047 Cr | 0.53% | 6.3% | 7.0% | 7.1% |
 Tata Ultra Short to Short Term Fund | ₹2,871 Cr | 0.57% | 6.3% | 6.7% | 6.7% |
 UTI Ultra Short to Short Term Fund | ₹2,680 Cr | 0.48% | 6.3% | 6.9% | 6.9% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,228 Cr | 0.36% | 6.4% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹138 Cr | 0.29% | 6.3% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to generate income by investing in a portfolio of quality short term debt securities.
Fund managers
- Pratik Harish ShroffMr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance â IIM, CalcuttaPrior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities
- Rahul SinghMr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
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 months3.55% absolute | ₹60,000 | ₹62,130 | 3.55% | |
| 1 year5.90% annualised | ₹1,20,000 | ₹1,23,905 | 3.25% | |
| 3 years6.67% annualised | ₹3,60,000 | ₹3,99,537 | 10.98% | |
| 5 years5.90% annualised | ₹6,00,000 | ₹6,99,332 | 16.56% |
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 LIC MF Ultra Short to Short Term Fund?
The NAV of LIC MF Ultra Short to Short Term Fund is ₹42.50 as on 24 Sep 2026.
What is the expense ratio of LIC MF Ultra Short to Short Term Fund?
The expense ratio of LIC MF Ultra Short to Short Term Fund is 0.43% per year.
What is the minimum SIP amount for LIC MF Ultra Short to Short Term Fund?
You can start a SIP in LIC MF Ultra Short to Short Term Fund with ₹3,000 a month.
What returns has LIC MF Ultra Short to Short Term Fund given?
LIC MF Ultra Short to Short Term Fund has returned 6.3% over 1 year, 6.5% over 3 years and 6.4% over 5 years (annualised).
Is there a lock-in or exit load on LIC MF Ultra Short to Short Term Fund?
Lock-in: None. Exit load: Exit load of 3%, if redeemed within 6 months..
How risky is LIC MF Ultra Short to Short Term Fund?
LIC MF 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 LIC MF Ultra Short to Short Term Fund?
LIC MF Ultra Short to Short Term Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,329 Cr under management.