SBI Ultra Short Term Fund
Ultra Short DurationModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹6,485.92+0.06%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹6,107.83 — ₹6,481.90
- AUM
- ₹11,358 Cr
SBI Ultra Short Term Fund is a Ultra Short Duration debt fund from SBI Mutual Fund with ₹11,358 Cr under management, launched in 1999. Over three years it has returned 6.6% a year, against 6.6% for its category. The expense ratio is 0.58% and the SEBI riskometer reading is Moderate.
Performance
SBI 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 | 6.3% | +0.3 pts | 6.0% | 6.2% |
| 2Y | 6.4% | +0.3 pts | 6.1% | 6.3% |
| 3Y | 6.6% | 0.0 pts | 6.6% | 6.5% |
| 5Y | 6.7% | +0.6 pts | 6.0% | 6.5% |
| 7Y | 6.3% | +0.3 pts | 6.0% | 6.1% |
| 10Y | 6.3% | +0.4 pts | 5.8% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | +0.1 pts | 0.3% | 0.3% |
| 3M | 1.4% | +0.1 pts | 1.3% | 1.3% |
| 6M | 3.2% | +0.1 pts | 3.1% | 3.1% |
| 1Y | 6.1% | +0.1 pts | 6.0% | 6.1% |
| 2Y | 6.6% | +0.3 pts | 6.3% | 6.5% |
| 3Y | 6.9% | +0.3 pts | 6.6% | 6.8% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.2% |
| 7Y | 5.9% | +0.3 pts | 5.6% | 5.7% |
| 10Y | 6.4% | +0.5 pts | 5.8% | 6.5% |
Since launch (13 May 1999): 7.0%
Calendar-year returns
Category average5.9%
3.4%
4.5%
7.0%
7.4%
7.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.0% | −0.3 pts | 7.2% |
| 2024 | 7.4% | −0.2 pts | 7.6% |
| 2023 | 7.0% | −0.2 pts | 7.2% |
| 2022 | 4.5% | −0.3 pts | 4.8% |
| 2021 | 3.4% | −0.7 pts | 4.1% |
| 2020 | 5.9% | +0.1 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
0.59%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.50%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.09%
- Exit load
- Exit load of 0.10% shall be charged if units are redeemed within 3 days from the date of allotment.
- 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 | 2.48 | — | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.56 | — | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.44 | — | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
SBI Ultra Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt82.4%
- Other17.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 38.31% | ₹4,304 Cr | +1.71% | +1.62% | +1.28% |
| HDFC Bank Ltd. | Financial | 9.60% | ₹1,079 Cr | +5.44% | +6.71% | +0.69% |
| Reserve Bank of India | Financial | 7.10% | ₹798 Cr | +6.12% | — | +0.34% |
| Kotak Mahindra Bank Ltd. | Financial | 6.92% | ₹778 Cr | +6.71% | +1.25% | +1.00% |
| Muthoot Fincorp Ltd. | Financial | 3.43% | ₹385 Cr | +3.31% | +3.11% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.38% | ₹380 Cr | +2.93% | +3.56% | +1.67% |
| Adani Power Ltd. | Energy | 2.66% | ₹299 Cr | +2.63% | +2.52% | — |
| Avanse Financial Services Ltd. | Financial | 2.21% | ₹248 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 2.20% | ₹247 Cr | — | — | +1.32% |
| Radhakrishna Securitisation Trust | Others | 2.16% | ₹243 Cr | +2.19% | +2.11% | +2.45% |
| Eris Lifesciences Ltd. | Healthcare | 1.78% | ₹200 Cr | +1.32% | +1.27% | — |
| Bharat Petroleum Corporation Ltd. | Energy | 1.78% | ₹200 Cr | — | — | — |
| JM Financial Services Pvt. Ltd. | Financial | 1.53% | ₹172 Cr | +4.32% | +4.07% | +0.97% |
| Tata Projects Ltd. | Construction | 1.38% | ₹155 Cr | +1.76% | +1.69% | +1.39% |
| Tata Motors Ltd. | Automobile | 1.34% | ₹150 Cr | +1.32% | +1.27% | — |
| Indostar Capital Finance Ltd. | Financial | 1.32% | ₹149 Cr | +1.31% | +1.26% | — |
| National Bank For Agriculture & Rural Development | Financial | 1.29% | ₹145 Cr | +1.25% | +3.95% | +0.55% |
| LIC Housing Finance Ltd. | Financial | 1.11% | ₹125 Cr | +1.10% | — | — |
| Gujarat State | Construction | 1.02% | ₹115 Cr | +1.01% | +0.97% | +0.47% |
| Oberoi Realty Ltd. | Construction | 0.99% | ₹112 Cr | +1.46% | +1.69% | — |
| Mankind Pharma Ltd. | Healthcare | 0.89% | ₹100 Cr | +0.88% | +0.85% | +0.69% |
| Motilal Oswal Home Finance Ltd. | Financial | 0.89% | ₹100 Cr | +0.88% | +0.84% | — |
| Equitas Small Finance Bank Ltd. | Financial | 0.88% | ₹98.93 Cr | — | — | — |
| Kotak Mahindra Investments Ltd. | Financial | 0.69% | ₹77.05 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 0.45% | ₹50.14 Cr | +0.44% | +0.43% | +0.35% |
| Nirma Ltd. | Consumer Staples | 0.45% | ₹50.09 Cr | — | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.45% | ₹50.02 Cr | — | — | — |
| Phoenix ARC Pvt Ltd. | Diversified | 0.44% | ₹49.69 Cr | +0.44% | +0.42% | — |
| Bank Of Baroda | Financial | 0.44% | ₹49.36 Cr | +0.85% | +0.80% | +2.01% |
| Punjab National Bank | Financial | 0.43% | ₹48.81 Cr | +0.42% | +1.58% | +0.83% |
| Union Bank of India | Financial | 0.43% | ₹48.50 Cr | +0.42% | +1.66% | +0.67% |
| GOI | Sovereign | 0.40% | ₹44.48 Cr | +0.38% | +0.36% | +0.29% |
| Maharashtra State | Others | 0.36% | ₹40.02 Cr | +0.35% | +0.76% | +0.63% |
| Andhra Pradesh State | Financial | 0.31% | ₹35.06 Cr | +0.31% | +0.30% | +0.24% |
| Sheela Foam Ltd. | Consumer Discretionary | 0.31% | ₹35.00 Cr | +0.31% | +0.29% | — |
| Torrent Power Ltd. | Energy | 0.28% | ₹31.07 Cr | +0.27% | +0.84% | +0.45% |
| Karnataka State | Others | 0.22% | ₹25.20 Cr | +0.22% | +0.21% | +1.35% |
| HDB Financial Services Ltd. | Financial | 0.22% | ₹25.03 Cr | — | — | — |
| Shriram Finance Ltd | Financial | 0.22% | ₹25.00 Cr | +0.44% | +0.85% | — |
| Canara Bank | Financial | 0.22% | ₹24.34 Cr | +0.21% | +4.08% | +0.68% |
| JM Financial Products Ltd. | Financial | 0.15% | ₹16.69 Cr | +0.29% | +0.42% | — |
| ICICI Bank Ltd. | Financial | -0.44% | ₹-50.00 Cr | -0.44% | -8.44% | — |
| Deutsche Bank AG (India) | Financial | -2.22% | ₹-250.00 Cr | -28.49% | — | — |
| Hongkong & Shanghai Banking Corpn. Ltd. | Financial | -2.22% | ₹-250.00 Cr | — | -4.22% | -1.72% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 5.28% | 9.60% | +4.32% |
| Bharat Petroleum Corporation Ltd. | 0.00% | 1.78% | +1.78% |
| company:12659 | 1.26% | 0.00% | -1.26% |
| JM Financial Services Pvt. Ltd. | 2.10% | 0.86% | -1.24% |
| Equitas Small Finance Bank Ltd. | 0.00% | 0.88% | +0.88% |
| Kotak Mahindra Investments Ltd. | 0.00% | 0.69% | +0.69% |
| Eris Lifesciences Ltd. | 1.27% | 1.78% | +0.52% |
| Nirma Ltd. | 0.00% | 0.45% | +0.45% |
| Indian Railway Finance Corporation Ltd. | 0.00% | 0.45% | +0.45% |
| Reserve Bank of India | 6.69% | 7.10% | +0.41% |
| Kotak Mahindra Bank Ltd. | 6.51% | 6.92% | +0.41% |
| HDB Financial Services Ltd. | 0.00% | 0.22% | +0.22% |
| company:6435 | 0.21% | 0.00% | -0.21% |
| Muthoot Fincorp Ltd. | 3.22% | 3.43% | +0.21% |
| Small Industries Devp. Bank of India Ltd. | 3.18% | 3.38% | +0.20% |
| Adani Power Ltd. | 2.51% | 2.66% | +0.15% |
| Axis Bank Ltd. | 2.06% | 2.20% | +0.13% |
| Deutsche Bank AG (India) | -2.10% | -2.22% | -0.12% |
| Hongkong & Shanghai Banking Corpn. Ltd. | -2.10% | -2.22% | -0.12% |
| Avanse Financial Services Ltd. | 2.09% | 2.21% | +0.11% |
| Radhakrishna Securitisation Trust | 2.08% | 2.16% | +0.08% |
| National Bank For Agriculture & Rural Development | 1.22% | 1.29% | +0.08% |
| Tata Motors Ltd. | 1.26% | 1.34% | +0.07% |
| Indostar Capital Finance Ltd. | 1.25% | 1.32% | +0.07% |
| LIC Housing Finance Ltd. | 1.05% | 1.11% | +0.06% |
| Gujarat State | 0.97% | 1.02% | +0.05% |
| Oberoi Realty Ltd. | 0.94% | 0.99% | +0.05% |
| Tata Projects Ltd. | 0.84% | 0.89% | +0.05% |
| Motilal Oswal Home Finance Ltd. | 0.84% | 0.89% | +0.05% |
| Mankind Pharma Ltd. | 0.84% | 0.89% | +0.05% |
| Bank Of Baroda | 0.41% | 0.44% | +0.03% |
| Punjab National Bank | 0.41% | 0.43% | +0.03% |
| Union Bank of India | 0.41% | 0.43% | +0.03% |
| Others | 0.41% | 0.44% | +0.02% |
| Muthoot Finance Ltd. | 0.42% | 0.45% | +0.02% |
| ICICI Bank Ltd. | -0.42% | -0.44% | -0.02% |
| Phoenix ARC Pvt Ltd. | 0.42% | 0.44% | +0.02% |
| GOI | 0.37% | 0.40% | +0.02% |
| Maharashtra State | 0.34% | 0.36% | +0.02% |
| Sheela Foam Ltd. | 0.29% | 0.31% | +0.02% |
| Andhra Pradesh State | 0.30% | 0.31% | +0.02% |
| Torrent Power Ltd. | 0.26% | 0.28% | +0.01% |
| Canara Bank | 0.20% | 0.22% | +0.01% |
| Shriram Finance Ltd | 0.21% | 0.22% | +0.01% |
| Karnataka State | 0.21% | 0.22% | +0.01% |
| JM Financial Products Ltd. | 0.14% | 0.15% | +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 | ₹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 provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments.
Fund managers
- Sudhir AgrawalMr.Sudhir Agrawal is a M.Com, PGDBA (Finance) and a CFA.Prior to joining SBI MF he has worked with UTI MF, TATA Asset Management Ltd., Tramp Value Pvt. Ltd. and CARE Ratings.
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 months3.20% absolute | ₹60,000 | ₹61,920 | 3.20% | |
| 1 year6.14% annualised | ₹1,20,000 | ₹1,24,067 | 3.39% | |
| 3 years6.89% annualised | ₹3,60,000 | ₹4,00,931 | 11.37% | |
| 5 years6.32% annualised | ₹6,00,000 | ₹7,07,173 | 17.86% |
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 SBI Ultra Short Term Fund?
The NAV of SBI Ultra Short Term Fund is ₹6,485.92 as on 9 Nov 2026.
What is the expense ratio of SBI Ultra Short Term Fund?
The expense ratio of SBI Ultra Short Term Fund is 0.58% per year.
What is the minimum SIP amount for SBI Ultra Short Term Fund?
You can start a SIP in SBI Ultra Short Term Fund with ₹3,000 a month.
What returns has SBI Ultra Short Term Fund given?
SBI Ultra Short Term Fund has returned 6.3% over 1 year, 6.6% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on SBI Ultra Short Term Fund?
Lock-in: None. Exit load: Exit load of 0.10% shall be charged if units are redeemed within 3 days from the date of allotment..
How risky is SBI Ultra Short Term Fund?
SBI Ultra Short Term Fund is rated Moderate on the SEBI riskometer and belongs to the Ultra Short Duration category.
Which fund house manages SBI Ultra Short Term Fund?
SBI Ultra Short Term Fund is managed by SBI Mutual Fund, which runs 80 schemes with ₹13,34,527 Cr under management.