Nippon India Ultra Short Term Fund
Ultra Short DurationModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹4,368.71+0.06%1 day
- Return since launch
- 6.1%
- 52-week range
- ₹4,115.70 — ₹4,366.24
- AUM
- ₹11,833 Cr
Nippon India Ultra Short Term Fund is a Ultra Short Duration debt fund from Nippon India Mutual Fund with ₹11,833 Cr under management, launched in 2001. Over three years it has returned 6.5% a year, against 6.6% for its category. The expense ratio is 1.02% and the SEBI riskometer reading is Moderate.
Performance
Nippon India 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 +6.1% 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 | 6.2% | +0.2 pts | 6.0% | 6.2% |
| 2Y | 6.3% | +0.2 pts | 6.1% | 6.3% |
| 3Y | 6.5% | −0.1 pts | 6.6% | 6.5% |
| 5Y | 6.5% | +0.5 pts | 6.0% | 6.5% |
| 7Y | 6.5% | +0.5 pts | 6.0% | 6.1% |
| 10Y | 6.1% | +0.2 pts | 5.8% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.4% | 0.0 pts | 1.3% | 1.3% |
| 6M | 3.1% | 0.0 pts | 3.1% | 3.1% |
| 1Y | 6.1% | +0.1 pts | 6.0% | 6.1% |
| 2Y | 6.5% | +0.2 pts | 6.3% | 6.5% |
| 3Y | 6.7% | +0.1 pts | 6.6% | 6.8% |
| 5Y | 6.2% | +0.2 pts | 6.0% | 6.2% |
| 7Y | 6.3% | +0.7 pts | 5.6% | 5.7% |
| 10Y | 5.8% | −0.1 pts | 5.8% | 6.5% |
Since launch (4 Dec 2001): 6.1%
Calendar-year returns
Category average4.9%
7.8%
4.6%
6.7%
7.2%
6.8%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.8% | −0.5 pts | 7.2% |
| 2024 | 7.2% | −0.4 pts | 7.6% |
| 2023 | 6.7% | −0.5 pts | 7.2% |
| 2022 | 4.6% | −0.2 pts | 4.8% |
| 2021 | 7.8% | +3.7 pts | 4.1% |
| 2020 | 4.9% | −0.9 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
1.02%
Expense ratio as on 31 Oct 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.87%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.15%
- 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.
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 | 2.20 | — | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.29 | — | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.43 | — | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Nippon India Ultra Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt97.2%
- Other2.8%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 5.41% | ₹625 Cr | +3.92% | +4.20% | +7.68% |
| Nirma Ltd. | Consumer Staples | 3.00% | ₹347 Cr | +3.41% | +1.85% | +1.44% |
| Others | Others | 2.56% | ₹295 Cr | +1.55% | +1.60% | +1.30% |
| REC Ltd. | Financial | 2.51% | ₹290 Cr | +1.47% | +3.30% | +2.58% |
| Aditya Birla Renewables Ltd. | Energy | 2.16% | ₹250 Cr | +0.98% | — | — |
| 360 ONE Wealth Ltd. | Financial | 2.08% | ₹241 Cr | +2.76% | +3.16% | +0.96% |
| Embassy Office Parks REIT | Construction | 1.73% | ₹200 Cr | +1.96% | +2.10% | — |
| Piramal Finance Ltd. | Financial | 1.67% | ₹193 Cr | +4.59% | +5.70% | +5.31% |
| Aditya Birla Housing Finance Ltd. | Financial | 1.51% | ₹175 Cr | +2.44% | — | — |
| Tata Capital Housing Finance Ltd. | Financial | 1.51% | ₹175 Cr | — | — | +0.24% |
| Liquid Gold Series | Financial | 1.29% | ₹149 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.23% | ₹142 Cr | +0.94% | +0.98% | +3.72% |
| Adani Power Ltd. | Energy | 1.21% | ₹139 Cr | +1.47% | +1.57% | — |
| Indostar Capital Finance Ltd. | Financial | 1.08% | ₹125 Cr | +1.23% | +1.32% | +1.19% |
| DMI Finance Ltd. | Financial | 1.06% | ₹123 Cr | — | — | — |
| Piramal Finance Pvt. Ltd. | Financial | 1.04% | ₹120 Cr | +1.19% | +1.05% | +1.15% |
| Aptus Value Housing Finance India Ltd. | Financial | 0.97% | ₹112 Cr | +1.10% | — | — |
| Nuvama Wealth and Investment Limited | Financial | 0.92% | ₹105 Cr | +1.58% | +1.68% | +1.54% |
| Nuvama Wealth Finance Ltd. | Financial | 0.87% | ₹100 Cr | +0.98% | +0.32% | +0.96% |
| Axis Bank Ltd. | Financial | 0.86% | ₹99.03 Cr | +0.95% | +2.01% | +0.94% |
| Godrej Industries Ltd. | Consumer Staples | 0.86% | ₹100 Cr | +0.98% | +1.06% | — |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 0.86% | ₹99.19 Cr | +0.97% | +2.05% | +1.85% |
| Reserve Bank of India | Financial | 0.86% | ₹98.85 Cr | +2.69% | +2.10% | +0.81% |
| Andhra Pradesh State Beverages Corporation Ltd. | Consumer Staples | 0.79% | ₹90.79 Cr | +0.89% | +0.95% | — |
| Granger Trust | Financial | 0.79% | ₹90.93 Cr | +0.89% | — | — |
| SK Finance Ltd. | Financial | 0.65% | ₹74.79 Cr | +0.93% | +1.05% | +0.95% |
| Summit Digitel Infrastructure Pvt. Ltd. | Communication | 0.65% | ₹75.13 Cr | +0.74% | +0.79% | +0.72% |
| Ess Kay Fincorp Ltd. | Financial | 0.55% | ₹63.42 Cr | +0.62% | +0.14% | +0.13% |
| West Bengal State | Others | 0.45% | ₹52.18 Cr | — | — | — |
| Aavas Financiers Ltd. | Financial | 0.43% | ₹49.97 Cr | +0.49% | +0.52% | — |
| Angel One Ltd. | Financial | 0.43% | ₹49.55 Cr | +0.49% | +0.52% | — |
| Fullerton India Home Finance Ltd. | Financial | 0.43% | ₹50.03 Cr | +0.49% | — | — |
| HDFC Bank Ltd. | Financial | 0.43% | ₹49.31 Cr | +1.93% | +0.51% | +0.69% |
| Kotak Mahindra Bank Ltd. | Financial | 0.43% | ₹49.11 Cr | — | — | — |
| Indian Bank | Financial | 0.42% | ₹49.07 Cr | +2.40% | +2.52% | — |
| Muthoot Fincorp Ltd. | Financial | 0.42% | ₹48.53 Cr | +0.47% | +0.49% | +0.92% |
| Punjab National Bank | Financial | 0.42% | ₹48.81 Cr | +0.24% | +2.97% | +0.14% |
| GMR Airports Ltd. | Construction | 0.41% | ₹47.27 Cr | — | — | — |
| Assam State | Others | 0.35% | ₹40.06 Cr | — | — | — |
| Vedanta Ltd - Pref. Shares 7.50 | Metals & Mining | 0.35% | ₹40.29 Cr | — | — | — |
| IIFL Home Finance Ltd. | Financial | 0.30% | ₹35.05 Cr | +1.93% | +0.47% | +0.43% |
| Jharkhand State | Others | 0.26% | ₹30.05 Cr | — | — | — |
| Samriddhi Trust | Services | 0.23% | ₹26.50 Cr | +0.49% | +0.79% | — |
| Bahadur Chand Investments Pvt. Ltd. | Financial | 0.22% | ₹24.96 Cr | +0.37% | +0.39% | +0.36% |
| Can Fin Homes Ltd. | Financial | 0.22% | ₹25.02 Cr | +0.25% | +0.26% | +0.24% |
| Goldman Sachs (India) Finance Pvt Ltd. | Financial | 0.22% | ₹24.85 Cr | — | — | — |
| Incred Financial Services Ltd. | Financial | 0.22% | ₹25.10 Cr | +0.74% | +1.05% | +0.14% |
| Muthoot Finance Ltd. | Financial | 0.22% | ₹25.01 Cr | +0.05% | +0.05% | +0.39% |
| PNB Housing Finance Ltd. | Financial | 0.22% | ₹25.02 Cr | +0.25% | — | — |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 0.22% | ₹25.05 Cr | — | — | — |
| Tamilnadu State | Others | 0.22% | ₹25.08 Cr | — | — | +0.49% |
| Telangana State Industrial Infrastructure Corporation Ltd. | Others | 0.22% | ₹25.31 Cr | +0.30% | +0.32% | +0.29% |
| Vastu Finserve India Private Ltd. | Financial | 0.22% | ₹25.02 Cr | +0.24% | +0.26% | +0.47% |
| Adani Transmission Step-Two Ltd. | Energy | 0.21% | ₹24.24 Cr | +0.48% | +0.76% | — |
| Bank Of Baroda | Financial | 0.21% | ₹24.68 Cr | +0.05% | +1.00% | +0.93% |
| Canara Bank | Financial | 0.21% | ₹24.46 Cr | +0.24% | +1.04% | +0.94% |
| Karnataka State | Others | 0.13% | ₹15.02 Cr | — | — | — |
| Truhome Finance Ltd. | Financial | 0.08% | ₹9.16 Cr | +0.09% | +0.10% | +0.24% |
| Vedanta Ltd. | Metals & Mining | 0.07% | ₹8.60 Cr | +0.08% | +0.09% | +0.32% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:14656 | 1.93% | 0.00% | -1.93% |
| IIFL Home Finance Ltd. | 1.60% | 0.30% | -1.30% |
| HDFC Bank Ltd. | 1.60% | 0.43% | -1.17% |
| DMI Finance Ltd. | 0.00% | 1.06% | +1.06% |
| Bank Of Baroda | 0.80% | 0.21% | -0.59% |
| Kotak Mahindra Bank Ltd. | 0.00% | 0.43% | +0.43% |
| GMR Airports Ltd. | 0.00% | 0.41% | +0.41% |
| Indian Bank | 0.80% | 0.42% | -0.38% |
| Incred Financial Services Ltd. | 0.60% | 0.22% | -0.38% |
| Piramal Finance Ltd. | 0.76% | 0.41% | -0.35% |
| Nirma Ltd. | 2.79% | 3.00% | +0.21% |
| Adani Transmission Step-Two Ltd. | 0.39% | 0.21% | -0.18% |
| Aditya Birla Renewables Ltd. | 2.01% | 2.16% | +0.15% |
| Embassy Office Parks REIT | 1.60% | 1.73% | +0.13% |
| Tata Capital Housing Finance Ltd. | 1.41% | 1.51% | +0.10% |
| 360 ONE Wealth Ltd. | 1.13% | 1.21% | +0.08% |
| Aditya Birla Housing Finance Ltd. | 1.00% | 1.08% | +0.08% |
| Liquid Gold Series | 1.21% | 1.29% | +0.08% |
| Bahadur Chand Investments Pvt. Ltd. | 0.30% | 0.22% | -0.08% |
| Indostar Capital Finance Ltd. | 1.01% | 1.08% | +0.07% |
| Piramal Finance Pvt. Ltd. | 0.97% | 1.04% | +0.07% |
| Aptus Value Housing Finance India Ltd. | 0.90% | 0.97% | +0.07% |
| Axis Bank Ltd. | 0.79% | 0.86% | +0.07% |
| National Bank For Agriculture & Rural Development | 0.93% | 1.00% | +0.07% |
| Nuvama Wealth Finance Ltd. | 0.80% | 0.87% | +0.07% |
| Reserve Bank of India | 0.79% | 0.86% | +0.07% |
| Andhra Pradesh State Beverages Corporation Ltd. | 0.73% | 0.79% | +0.06% |
| Granger Trust | 0.73% | 0.79% | +0.06% |
| L&T Metro Rail (Hyderabad) Ltd. | 0.80% | 0.86% | +0.06% |
| REC Ltd. | 0.60% | 0.65% | +0.05% |
| Summit Digitel Infrastructure Pvt. Ltd. | 0.60% | 0.65% | +0.05% |
| Nuvama Wealth and Investment Limited | 0.65% | 0.70% | +0.05% |
| Ess Kay Fincorp Ltd. | 0.51% | 0.55% | +0.04% |
| West Bengal State | 0.42% | 0.45% | +0.03% |
| Samriddhi Trust | 0.26% | 0.23% | -0.03% |
| Aavas Financiers Ltd. | 0.40% | 0.43% | +0.03% |
| Angel One Ltd. | 0.40% | 0.43% | +0.03% |
| Assam State | 0.32% | 0.35% | +0.03% |
| Fullerton India Home Finance Ltd. | 0.40% | 0.43% | +0.03% |
| Godrej Industries Ltd. | 0.40% | 0.43% | +0.03% |
| Muthoot Fincorp Ltd. | 0.39% | 0.42% | +0.03% |
| Punjab National Bank | 0.39% | 0.42% | +0.03% |
| Small Industries Devp. Bank of India Ltd. | 0.39% | 0.42% | +0.03% |
| Vedanta Ltd - Pref. Shares 7.50 | 0.32% | 0.35% | +0.03% |
| Jharkhand State | 0.24% | 0.26% | +0.02% |
| Others | 0.25% | 0.27% | +0.02% |
| Can Fin Homes Ltd. | 0.20% | 0.22% | +0.02% |
| Goldman Sachs (India) Finance Pvt Ltd. | 0.20% | 0.22% | +0.02% |
| Muthoot Finance Ltd. | 0.20% | 0.22% | +0.02% |
| PNB Housing Finance Ltd. | 0.20% | 0.22% | +0.02% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 0.20% | 0.22% | +0.02% |
| Tamilnadu State | 0.20% | 0.22% | +0.02% |
| Telangana State Industrial Infrastructure Corporation Ltd. | 0.24% | 0.22% | -0.02% |
| Vastu Finserve India Private Ltd. | 0.20% | 0.22% | +0.02% |
| Adani Power Ltd. | 1.20% | 1.21% | +0.01% |
| Karnataka State | 0.12% | 0.13% | +0.01% |
| SK Finance Ltd. | 0.64% | 0.65% | +0.01% |
| company:11622 | 0.01% | 0.00% | -0.01% |
| Truhome Finance Ltd. | 0.07% | 0.08% | +0.01% |
| Canara Bank | 0.20% | 0.21% | +0.01% |
| Vedanta Ltd. | 0.07% | 0.07% | 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 optimal returns consistent with moderate levels of risk and liquidity by investing in debt and money market instruments.
Fund managers
- Amber SinghaniaMMS Finance (Mumbai University)Prior to joining the Nippon India AMC, he was associated with Asian Markets Securities Pvt. Ltd.
- Vivek SharmaMr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).He has been associated with Nippon India Mutual Fund since 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 months3.12% absolute | ₹60,000 | ₹61,872 | 3.12% | |
| 1 year6.09% annualised | ₹1,20,000 | ₹1,24,033 | 3.36% | |
| 3 years6.74% annualised | ₹3,60,000 | ₹3,99,980 | 11.11% | |
| 5 years6.23% annualised | ₹6,00,000 | ₹7,05,484 | 17.58% |
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 Nippon India Ultra Short Term Fund?
The NAV of Nippon India Ultra Short Term Fund is ₹4,368.71 as on 9 Nov 2026.
What is the expense ratio of Nippon India Ultra Short Term Fund?
The expense ratio of Nippon India Ultra Short Term Fund is 1.02% per year.
What is the minimum SIP amount for Nippon India Ultra Short Term Fund?
You can start a SIP in Nippon India Ultra Short Term Fund with ₹3,000 a month.
What returns has Nippon India Ultra Short Term Fund given?
Nippon India Ultra Short Term Fund has returned 6.2% over 1 year, 6.5% over 3 years and 6.5% over 5 years (annualised).
Is there a lock-in or exit load on Nippon India Ultra Short Term Fund?
Lock-in: None. Exit load: 0%.
How risky is Nippon India Ultra Short Term Fund?
Nippon India Ultra Short Term Fund is rated Moderate on the SEBI riskometer and belongs to the Ultra Short Duration category.
Which fund house manages Nippon India Ultra Short Term Fund?
Nippon India Ultra Short Term Fund is managed by Nippon India Mutual Fund, which runs 75 schemes with ₹8,03,520 Cr under management.