Nippon India Ultra Short Term Fund
Ultra Short DurationModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹4,339.18-0.02%1 day
- Return since launch
- 6.1%
- 52-week range
- ₹4,086.69 — ₹4,340.55
- AUM
- ₹12,447 Cr
Nippon India Ultra Short Term Fund is a Ultra Short Duration debt fund from Nippon India Mutual Fund with ₹12,447 Cr under management, launched in 2001. Over three years it has returned 6.6% a year, against 6.7% for its category. The expense ratio is 1.06% 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 +6.2% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.4% | +0.3 pts | 6.1% | 6.5% |
| 2Y | 6.4% | +0.1 pts | 6.3% | 6.5% |
| 3Y | 6.6% | 0.0 pts | 6.7% | 6.7% |
| 5Y | 6.6% | +0.6 pts | 6.0% | 6.6% |
| 7Y | 6.5% | +0.5 pts | 6.0% | 6.2% |
| 10Y | 6.1% | +0.2 pts | 5.9% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.4% | −0.1 pts | 1.5% | 1.5% |
| 6M | 3.3% | −0.1 pts | 3.4% | 3.4% |
| 1Y | 6.2% | +0.1 pts | 6.1% | 6.2% |
| 2Y | 6.6% | +0.1 pts | 6.5% | 6.7% |
| 3Y | 6.8% | +0.1 pts | 6.7% | 6.8% |
| 5Y | 6.2% | +0.2 pts | 6.0% | 6.1% |
| 7Y | 6.5% | +0.5 pts | 6.0% | 5.7% |
| 10Y | 5.8% | −0.1 pts | 5.9% | 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
1.06%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.89%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.16%
- 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 | 2.22 | 2.71 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.47 | 3.79 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.41 | 0.42 | 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 31 Aug 2026
Asset allocation
- Debt93.0%
- Other7.0%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 7.28% | ₹907 Cr | +1.40% | +1.45% | +1.20% |
| National Bank For Agriculture & Rural Development | Financial | 4.05% | ₹503 Cr | +3.64% | +3.76% | +0.20% |
| Nirma Ltd. | Consumer Staples | 2.79% | ₹347 Cr | +1.61% | +1.66% | +0.45% |
| REC Ltd. | Financial | 2.33% | ₹290 Cr | +0.69% | +2.94% | +2.46% |
| Aditya Birla Renewables Ltd. | Energy | 2.01% | ₹250 Cr | — | — | — |
| Piramal Finance Ltd. | Financial | 1.97% | ₹245 Cr | +2.84% | +3.40% | +3.54% |
| 360 ONE Wealth Ltd. | Financial | 1.93% | ₹240 Cr | +2.56% | +2.82% | — |
| IndiGrid Infrastructure Trust | Capital Goods | 1.93% | ₹240 Cr | +2.19% | +1.07% | +1.04% |
| IIFL Home Finance Ltd. | Financial | 1.88% | ₹234 Cr | +3.56% | +0.84% | +0.82% |
| Embassy Office Parks REIT | Construction | 1.60% | ₹200 Cr | +1.82% | +1.88% | — |
| HDFC Bank Ltd. | Financial | 1.60% | ₹199 Cr | +0.45% | +0.45% | +0.68% |
| Tata Capital Housing Finance Ltd. | Financial | 1.41% | ₹175 Cr | — | — | +0.23% |
| Aditya Birla Housing Finance Ltd. | Financial | 1.40% | ₹175 Cr | +2.26% | — | — |
| company:20537 | Financial | 1.21% | ₹151 Cr | — | — | — |
| Adani Power Ltd. | Energy | 1.20% | ₹149 Cr | +1.36% | +1.40% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.14% | ₹141 Cr | +0.86% | +0.88% | +3.50% |
| Indostar Capital Finance Ltd. | Financial | 1.01% | ₹125 Cr | +1.14% | +0.09% | +1.13% |
| Piramal Finance Pvt. Ltd. | Financial | 0.97% | ₹121 Cr | +0.14% | +0.94% | +1.18% |
| Aptus Value Housing Finance India Ltd. | Financial | 0.90% | ₹112 Cr | — | — | — |
| Nuvama Wealth and Investment Limited | Financial | 0.85% | ₹105 Cr | +1.46% | +1.52% | +1.44% |
| Bank Of Baroda | Financial | 0.80% | ₹99.75 Cr | +0.09% | +0.88% | +0.22% |
| Indian Bank | Financial | 0.80% | ₹99.05 Cr | +2.22% | +2.24% | — |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 0.80% | ₹99.05 Cr | — | +1.82% | +1.13% |
| Nuvama Wealth Finance Ltd. | Financial | 0.80% | ₹100 Cr | +0.91% | +0.75% | +0.91% |
| Axis Bank Ltd. | Financial | 0.79% | ₹98.50 Cr | +0.88% | +1.78% | +0.89% |
| Reserve Bank of India | Financial | 0.79% | ₹98.47 Cr | +2.49% | +1.86% | +1.34% |
| Andhra Pradesh State Beverages Corporation Ltd. | Consumer Staples | 0.73% | ₹90.62 Cr | +0.83% | +0.85% | — |
| Granger Trust | Financial | 0.73% | ₹91.02 Cr | +0.83% | — | — |
| SK Finance Ltd. | Financial | 0.64% | ₹79.92 Cr | +0.87% | +0.94% | +0.90% |
| Incred Financial Services Ltd. | Financial | 0.60% | ₹74.60 Cr | +0.68% | +0.94% | +0.18% |
| Summit Digitel Infrastructure Pvt. Ltd. | Communication | 0.60% | ₹75.21 Cr | +0.69% | +0.71% | +0.69% |
| Ess Kay Fincorp Ltd. | Financial | 0.51% | ₹63.44 Cr | +0.58% | +0.13% | +0.12% |
| West Bengal State | Others | 0.42% | ₹52.27 Cr | — | — | — |
| Aavas Financiers Ltd. | Financial | 0.40% | ₹49.98 Cr | +0.45% | +0.47% | — |
| Angel One Ltd. | Financial | 0.40% | ₹49.63 Cr | +0.45% | +0.47% | — |
| Fullerton India Home Finance Ltd. | Financial | 0.40% | ₹50.07 Cr | +0.46% | — | — |
| Godrej Industries Ltd. | Consumer Staples | 0.40% | ₹50.14 Cr | +0.46% | +0.47% | — |
| Adani Transmission Step-Two Ltd. | Energy | 0.39% | ₹48.45 Cr | +0.66% | +0.68% | — |
| Muthoot Fincorp Ltd. | Financial | 0.39% | ₹48.21 Cr | +0.43% | +0.43% | +0.87% |
| Punjab National Bank | Financial | 0.39% | ₹48.55 Cr | +0.89% | +2.64% | +0.13% |
| Assam State | Others | 0.32% | ₹40.12 Cr | — | — | — |
| Vedanta Ltd - Pref. Shares 7.50 | Metals & Mining | 0.32% | ₹40.34 Cr | — | — | — |
| Bahadur Chand Investments Pvt. Ltd. | Financial | 0.30% | ₹37.49 Cr | +0.34% | +0.35% | +0.34% |
| Samriddhi Trust | Services | 0.26% | ₹32.55 Cr | +0.57% | +0.71% | — |
| Jharkhand State | Others | 0.24% | ₹30.09 Cr | — | — | — |
| Telangana State Industrial Infrastructure Corporation Ltd. | Others | 0.24% | ₹30.30 Cr | +0.28% | +0.28% | +0.27% |
| Can Fin Homes Ltd. | Financial | 0.20% | ₹25.04 Cr | +0.23% | +0.24% | +0.45% |
| Canara Bank | Financial | 0.20% | ₹24.33 Cr | +0.22% | +0.92% | +0.89% |
| Goldman Sachs (India) Finance Pvt Ltd. | Financial | 0.20% | ₹24.92 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 0.20% | ₹24.86 Cr | +0.05% | +0.05% | +0.37% |
| PNB Housing Finance Ltd. | Financial | 0.20% | ₹25.08 Cr | +0.23% | — | — |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 0.20% | ₹25.07 Cr | — | — | — |
| Tamilnadu State | Others | 0.20% | ₹25.13 Cr | — | — | +0.46% |
| Vastu Finserve India Private Ltd. | Financial | 0.20% | ₹24.95 Cr | +0.23% | +0.23% | +0.45% |
| Karnataka State | Others | 0.12% | ₹15.05 Cr | — | — | +0.90% |
| Truhome Finance Ltd. | Financial | 0.07% | ₹9.16 Cr | +0.08% | +0.70% | +0.23% |
| Vedanta Ltd. | Metals & Mining | 0.07% | ₹8.60 Cr | +0.08% | +0.08% | +0.30% |
| HDB Financial Services Ltd. | Financial | 0.01% | ₹1.00 Cr | +0.01% | +0.01% | +0.36% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Reserve Bank of India | 3.42% | 0.79% | -2.63% |
| AU Small Finance Bank Ltd. | 1.91% | 0.00% | -1.91% |
| Aadhar Housing Finance Ltd | 1.42% | 0.00% | -1.42% |
| Indian Bank | 2.11% | 0.80% | -1.31% |
| company:20537 | 0.00% | 1.21% | +1.21% |
| Piramal Finance Ltd. | 1.34% | 0.76% | -0.58% |
| Liquid Gold Series 7 | 0.23% | 0.00% | -0.23% |
| Nirma Ltd. | 2.98% | 2.79% | -0.19% |
| Aditya Birla Renewables Ltd. | 2.15% | 2.01% | -0.14% |
| IndiGrid Infrastructure Trust | 2.06% | 1.93% | -0.13% |
| Embassy Office Parks REIT | 1.71% | 1.60% | -0.11% |
| Tata Capital Housing Finance Ltd. | 1.51% | 1.41% | -0.10% |
| HDFC Bank Ltd. | 1.70% | 1.60% | -0.10% |
| IIFL Home Finance Ltd. | 1.70% | 1.60% | -0.10% |
| SK Finance Ltd. | 0.73% | 0.64% | -0.09% |
| Samriddhi Trust | 0.35% | 0.26% | -0.09% |
| Adani Power Ltd. | 1.28% | 1.20% | -0.08% |
| 360 ONE Wealth Ltd. | 1.20% | 1.13% | -0.07% |
| Aditya Birla Housing Finance Ltd. | 1.07% | 1.00% | -0.07% |
| Indostar Capital Finance Ltd. | 1.08% | 1.01% | -0.07% |
| Piramal Finance Pvt. Ltd. | 1.04% | 0.97% | -0.07% |
| Aptus Value Housing Finance India Ltd. | 0.96% | 0.90% | -0.06% |
| National Bank For Agriculture & Rural Development | 0.99% | 0.93% | -0.06% |
| Nuvama Wealth Finance Ltd. | 0.86% | 0.80% | -0.06% |
| Andhra Pradesh State Beverages Corporation Ltd. | 0.78% | 0.73% | -0.05% |
| Granger Trust | 0.78% | 0.73% | -0.05% |
| Axis Bank Ltd. | 0.84% | 0.79% | -0.05% |
| Bank Of Baroda | 0.85% | 0.80% | -0.05% |
| L&T Metro Rail (Hyderabad) Ltd. | 0.85% | 0.80% | -0.05% |
| Incred Financial Services Ltd. | 0.64% | 0.60% | -0.04% |
| REC Ltd. | 0.64% | 0.60% | -0.04% |
| Summit Digitel Infrastructure Pvt. Ltd. | 0.64% | 0.60% | -0.04% |
| Nuvama Wealth and Investment Limited | 0.69% | 0.65% | -0.04% |
| Ess Kay Fincorp Ltd. | 0.54% | 0.51% | -0.03% |
| West Bengal State | 0.45% | 0.42% | -0.03% |
| Aavas Financiers Ltd. | 0.43% | 0.40% | -0.03% |
| Adani Transmission Step-Two Ltd. | 0.42% | 0.39% | -0.03% |
| Angel One Ltd. | 0.43% | 0.40% | -0.03% |
| Fullerton India Home Finance Ltd. | 0.43% | 0.40% | -0.03% |
| Godrej Industries Ltd. | 0.43% | 0.40% | -0.03% |
| Vedanta Ltd - Pref. Shares 7.50 | 0.35% | 0.32% | -0.03% |
| Assam State | 0.34% | 0.32% | -0.02% |
| Bahadur Chand Investments Pvt. Ltd. | 0.32% | 0.30% | -0.02% |
| Jharkhand State | 0.26% | 0.24% | -0.02% |
| Others | 0.27% | 0.25% | -0.02% |
| Telangana State Industrial Infrastructure Corporation Ltd. | 0.26% | 0.24% | -0.02% |
| India Universal Trust AL1 | 0.02% | 0.00% | -0.02% |
| PNB Housing Finance Ltd. | 0.22% | 0.20% | -0.02% |
| Tamilnadu State | 0.22% | 0.20% | -0.02% |
| Muthoot Fincorp Ltd. | 0.41% | 0.39% | -0.02% |
| Punjab National Bank | 0.41% | 0.39% | -0.02% |
| Small Industries Devp. Bank of India Ltd. | 0.41% | 0.39% | -0.02% |
| Karnataka State | 0.13% | 0.12% | -0.01% |
| Truhome Finance Ltd. | 0.08% | 0.07% | -0.01% |
| Can Fin Homes Ltd. | 0.21% | 0.20% | -0.01% |
| Canara Bank | 0.21% | 0.20% | -0.01% |
| Goldman Sachs (India) Finance Pvt Ltd. | 0.21% | 0.20% | -0.01% |
| Muthoot Finance Ltd. | 0.21% | 0.20% | -0.01% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 0.21% | 0.20% | -0.01% |
| Vastu Finserve India Private Ltd. | 0.21% | 0.20% | -0.01% |
| HDB Financial Services Ltd. | 0.01% | 0.01% | 0.00% |
| 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 | ₹1,179 Cr | 0.32% | 7.0% | 6.9% | 6.9% |
 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% | 7.0% | — | — |
 Baroda BNP Paribas Ultra Short Term Fund | ₹666 Cr | 0.43% | 6.8% | 6.9% | 6.9% |
 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 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 months3.33% absolute | ₹60,000 | ₹61,998 | 3.33% | |
| 1 year6.18% annualised | ₹1,20,000 | ₹1,24,094 | 3.41% | |
| 3 years6.77% annualised | ₹3,60,000 | ₹4,00,170 | 11.16% | |
| 5 years6.17% annualised | ₹6,00,000 | ₹7,04,360 | 17.39% |
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 ₹4,339.18 as on 25 Sep 2026.
What is the expense ratio of Nippon India Ultra Short Term Fund?
The expense ratio of Nippon India Ultra Short Term Fund is 1.06% 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 6.4% over 1 year, 6.6% over 3 years and 6.6% 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 ₹7,67,506 Cr under management.