Nippon India Ultra Short to Short Term Fund
Low DurationLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹4,044.94+0.06%1 day
- Return since launch
- 7.4%
- 52-week range
- ₹3,832.42 — ₹4,042.68
- AUM
- ₹7,241 Cr
Nippon India Ultra Short to Short Term Fund is a Low Duration debt fund from Nippon India Mutual Fund with ₹7,241 Cr under management, launched in 2007. Over three years it has returned 6.4% a year, against 6.7% for its category. The expense ratio is 0.99% and the SEBI riskometer reading is Low to Moderate.
Performance
Nippon India 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 +5.5% against +5.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.6% | +0.2 pts | 5.4% | 5.6% |
| 2Y | 6.0% | +0.1 pts | 5.9% | 6.0% |
| 3Y | 6.4% | −0.3 pts | 6.7% | 6.3% |
| 5Y | 6.5% | +0.4 pts | 6.1% | 6.5% |
| 7Y | 6.2% | 0.0 pts | 6.2% | 6.1% |
| 10Y | 6.3% | 0.0 pts | 6.2% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.1% | +0.1 pts | 1.1% | 1.1% |
| 6M | 3.0% | +0.1 pts | 2.9% | 3.0% |
| 1Y | 5.5% | +0.1 pts | 5.4% | 5.5% |
| 2Y | 6.5% | +0.1 pts | 6.4% | 6.4% |
| 3Y | 6.8% | 0.0 pts | 6.7% | 6.7% |
| 5Y | 6.1% | 0.0 pts | 6.1% | 6.1% |
| 7Y | 6.1% | −0.1 pts | 6.2% | 5.9% |
| 10Y | 6.4% | +0.2 pts | 6.2% | 6.2% |
Since launch (15 Mar 2007): 7.4%
Calendar-year returns
Category average7.3%
4.1%
4.2%
6.7%
7.3%
7.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.2% | −0.5 pts | 7.8% |
| 2024 | 7.3% | −0.5 pts | 7.8% |
| 2023 | 6.7% | −0.6 pts | 7.4% |
| 2022 | 4.2% | −0.4 pts | 4.6% |
| 2021 | 4.1% | −0.5 pts | 4.6% |
| 2020 | 7.3% | −1.4 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
0.99%
Expense ratio as on 31 Oct 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.83%
- Brokerage
- 0.01%
- 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 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 | — | 1.09 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.41 | 1.76 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.97 | 2.43 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.67 | 0.69 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Nippon India Ultra Short to Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt95.2%
- Other4.8%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.86% | ₹487 Cr | +2.00% | +1.65% | +1.20% |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.53% | ₹393 Cr | +6.80% | +5.68% | +3.08% |
| National Bank For Agriculture & Rural Development | Financial | 4.47% | ₹318 Cr | +3.06% | +0.15% | +2.85% |
| Power Finance Corporation Ltd. | Financial | 3.81% | ₹270 Cr | +7.08% | +5.91% | +0.78% |
| Tata Capital Housing Finance Ltd. | Financial | 3.51% | ₹249 Cr | +3.38% | +2.84% | +1.52% |
| Poonawalla Fincorp Ltd. | Financial | 2.81% | ₹200 Cr | +2.71% | +2.27% | — |
| Radhakrishna Securitisation Trust | Others | 2.69% | ₹191 Cr | +2.65% | +2.23% | +2.03% |
| REC Ltd. | Financial | 2.61% | ₹185 Cr | +4.08% | +0.84% | +3.06% |
| Vajra Trust | Others | 2.25% | ₹159 Cr | +1.16% | +1.14% | +1.30% |
| Mancherial Repallewada Road Pvt Ltd. | Construction | 2.09% | ₹148 Cr | +2.74% | +2.28% | — |
| Truhome Finance Ltd. | Financial | 2.09% | ₹148 Cr | +2.02% | +1.69% | +1.01% |
| Liquid Gold Series 7 | Others | 1.90% | ₹135 Cr | +2.31% | +2.32% | +0.35% |
| Bharti Telecom Ltd. | Communication | 1.89% | ₹134 Cr | +1.82% | — | — |
| IndiGrid Infrastructure Trust | Capital Goods | 1.77% | ₹125 Cr | +0.14% | +0.68% | +0.60% |
| ICICI Home Finance Company Ltd. | Financial | 1.76% | ₹125 Cr | +1.69% | +1.42% | +1.27% |
| 360 ONE Wealth Ltd. | Financial | 1.42% | ₹100 Cr | +1.36% | +0.85% | +0.76% |
| GMR Hyderabad International Airport Ltd. | Services | 1.42% | ₹101 Cr | — | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.41% | ₹100 Cr | +1.36% | — | — |
| Brookfield India Real Estate Trust REIT | Construction | 1.39% | ₹98.42 Cr | +1.34% | +1.12% | — |
| Jubilant Beverages Ltd. | Consumer Staples | 1.34% | ₹95.21 Cr | +1.28% | +1.05% | +0.90% |
| Shivshakti Securitisation Trust | Others | 1.34% | ₹95.44 Cr | +1.33% | +1.12% | +1.01% |
| Muthoot Finance Ltd. | Financial | 1.27% | ₹90.07 Cr | +0.68% | +0.58% | +0.52% |
| Rajasthan State | Others | 1.14% | ₹81.08 Cr | +0.34% | +0.23% | +0.52% |
| Knowledge Realty Trust | Construction | 1.12% | ₹79.23 Cr | +1.09% | +0.91% | — |
| Vedanta Ltd. | Metals & Mining | 1.07% | ₹75.84 Cr | +1.03% | +0.86% | +0.76% |
| Fullerton India Home Finance Ltd. | Financial | 1.06% | ₹75.05 Cr | +1.02% | +0.86% | — |
| Aditya Birla Capital Ltd. | Financial | 0.99% | ₹69.92 Cr | +1.09% | +0.92% | — |
| India Universal Trust AL1 | Others | 0.81% | ₹57.75 Cr | +0.97% | +0.89% | +0.93% |
| Axis Bank Ltd. | Financial | 0.70% | ₹49.52 Cr | +0.66% | +1.63% | +1.96% |
| Bank Of Baroda | Financial | 0.69% | ₹48.87 Cr | +1.31% | +1.08% | +1.49% |
| Canara Bank | Financial | 0.69% | ₹48.92 Cr | +0.65% | — | +0.49% |
| HDFC Bank Ltd. | Financial | 0.69% | ₹48.68 Cr | +0.65% | +1.09% | +1.25% |
| Punjab National Bank | Financial | 0.68% | ₹48.52 Cr | +0.65% | — | +0.98% |
| Haryana State | Others | 0.58% | ₹40.98 Cr | +0.56% | +0.47% | +0.42% |
| Chhattisgarh State | Others | 0.57% | ₹40.55 Cr | — | — | — |
| Karnataka State | Others | 0.49% | ₹35.12 Cr | +0.48% | — | +1.11% |
| Piramal Finance Pvt. Ltd. | Financial | 0.49% | ₹35.09 Cr | +1.57% | +0.91% | +1.21% |
| Tata Capital Financial Services Ltd. | Financial | 0.49% | ₹34.96 Cr | +0.54% | — | — |
| Naomi 05 2024 | Construction | 0.47% | ₹33.28 Cr | +0.71% | +0.84% | +1.29% |
| Reserve Bank of India | Financial | 0.35% | ₹24.77 Cr | +1.34% | +0.57% | +1.00% |
| Uttar Pradesh State | Others | 0.32% | ₹22.89 Cr | +1.06% | +0.89% | +0.31% |
| Aditya Birla Finance Ltd. | Financial | 0.29% | ₹20.95 Cr | +2.30% | +1.94% | +1.74% |
| Aditya Birla Housing Finance Ltd. | Financial | 0.07% | ₹4.96 Cr | +0.07% | +1.92% | +1.71% |
| Tamilnadu State | Others | 0.07% | ₹5.01 Cr | +0.23% | +0.19% | +0.17% |
| HDB Financial Services Ltd. | Financial | 0.03% | ₹1.99 Cr | +0.71% | +0.59% | +0.25% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| IndiGrid Infrastructure Trust | 0.13% | 1.77% | +1.64% |
| GMR Hyderabad International Airport Ltd. | 0.00% | 1.42% | +1.42% |
| Piramal Finance Pvt. Ltd. | 1.46% | 0.49% | -0.97% |
| Reserve Bank of India | 1.26% | 0.35% | -0.91% |
| company:17636 | 0.77% | 0.00% | -0.77% |
| HDB Financial Services Ltd. | 0.65% | 0.03% | -0.62% |
| Bank Of Baroda | 1.23% | 0.69% | -0.54% |
| company:12205 | 0.47% | 0.00% | -0.47% |
| Poonawalla Fincorp Ltd. | 2.52% | 2.81% | +0.29% |
| Power Finance Corporation Ltd. | 2.19% | 2.45% | +0.26% |
| Radhakrishna Securitisation Trust | 2.45% | 2.69% | +0.24% |
| Truhome Finance Ltd. | 1.86% | 2.09% | +0.23% |
| Bharti Telecom Ltd. | 1.69% | 1.89% | +0.20% |
| ICICI Home Finance Company Ltd. | 1.57% | 1.76% | +0.19% |
| Tata Capital Housing Finance Ltd. | 1.57% | 1.40% | -0.17% |
| Liquid Gold Series 7 | 1.73% | 1.90% | +0.17% |
| 360 ONE Wealth Ltd. | 1.26% | 1.42% | +0.16% |
| Jubilant Beverages Ltd. | 1.19% | 1.34% | +0.15% |
| Brookfield India Real Estate Trust REIT | 1.24% | 1.39% | +0.15% |
| Cholamandalam Investment and Finance Company Ltd. | 1.26% | 1.41% | +0.15% |
| National Bank For Agriculture & Rural Development | 1.26% | 1.41% | +0.15% |
| REC Ltd. | 1.26% | 1.41% | +0.15% |
| Small Industries Devp. Bank of India Ltd. | 1.26% | 1.40% | +0.14% |
| Vajra Trust | 2.12% | 2.25% | +0.13% |
| Knowledge Realty Trust | 1.00% | 1.12% | +0.12% |
| Muthoot Finance Ltd. | 0.94% | 1.06% | +0.12% |
| Shivshakti Securitisation Trust | 1.22% | 1.34% | +0.12% |
| Fullerton India Home Finance Ltd. | 0.95% | 1.06% | +0.11% |
| Vedanta Ltd. | 0.96% | 1.07% | +0.11% |
| Mancherial Repallewada Road Pvt Ltd. | 1.27% | 1.38% | +0.11% |
| Rajasthan State | 1.03% | 1.14% | +0.11% |
| Axis Bank Ltd. | 0.62% | 0.70% | +0.08% |
| Canara Bank | 0.61% | 0.69% | +0.08% |
| HDFC Bank Ltd. | 0.61% | 0.69% | +0.08% |
| Punjab National Bank | 0.61% | 0.68% | +0.07% |
| Chhattisgarh State | 0.51% | 0.57% | +0.06% |
| Haryana State | 0.52% | 0.58% | +0.06% |
| Karnataka State | 0.44% | 0.49% | +0.05% |
| Tata Capital Financial Services Ltd. | 0.44% | 0.49% | +0.05% |
| Others | 0.38% | 0.42% | +0.04% |
| Aditya Birla Finance Ltd. | 0.25% | 0.28% | +0.03% |
| Naomi 05 2024 | 0.50% | 0.47% | -0.03% |
| Uttar Pradesh State | 0.29% | 0.32% | +0.03% |
| company:14899 | 0.03% | 0.00% | -0.03% |
| Aditya Birla Capital Ltd. | 1.01% | 0.99% | -0.02% |
| Aditya Birla Housing Finance Ltd. | 0.06% | 0.07% | +0.01% |
| Tamilnadu State | 0.06% | 0.07% | +0.01% |
| India Universal Trust AL1 | 0.82% | 0.81% | -0.01% |
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 | ₹4,924 Cr | 0.49% | 5.9% | 6.6% | 6.8% |
 ICICI Prudential Ultra Short to Short Term Fund | ₹17,294 Cr | 0.53% | 5.8% | 6.8% | 7.0% |
 Tata Ultra Short to Short Term Fund | ₹2,665 Cr | 0.57% | 5.9% | 6.5% | 6.6% |
 UTI Ultra Short to Short Term Fund | ₹2,604 Cr | 0.65% | 5.8% | 6.7% | 6.8% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,942 Cr | 0.36% | 5.9% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹114 Cr | 0.32% | 5.9% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.
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 months2.97% absolute | ₹60,000 | ₹61,782 | 2.97% | |
| 1 year5.49% annualised | ₹1,20,000 | ₹1,23,629 | 3.02% | |
| 3 years6.77% annualised | ₹3,60,000 | ₹4,00,170 | 11.16% | |
| 5 years6.14% annualised | ₹6,00,000 | ₹7,03,799 | 17.30% |
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 to Short Term Fund?
The NAV of Nippon India Ultra Short to Short Term Fund is ₹4,044.94 as on 9 Nov 2026.
What is the expense ratio of Nippon India Ultra Short to Short Term Fund?
The expense ratio of Nippon India Ultra Short to Short Term Fund is 0.99% per year.
What is the minimum SIP amount for Nippon India Ultra Short to Short Term Fund?
You can start a SIP in Nippon India Ultra Short to Short Term Fund with ₹3,000 a month.
What returns has Nippon India Ultra Short to Short Term Fund given?
Nippon India Ultra Short to Short Term Fund has returned 5.6% over 1 year, 6.4% over 3 years and 6.5% over 5 years (annualised).
Is there a lock-in or exit load on Nippon India Ultra Short to Short Term Fund?
Lock-in: None. Exit load: 0%.
How risky is Nippon India Ultra Short to Short Term Fund?
Nippon India 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 Nippon India Ultra Short to Short Term Fund?
Nippon India Ultra Short to Short Term Fund is managed by Nippon India Mutual Fund, which runs 75 schemes with ₹8,03,520 Cr under management.