SBI Ultra Short Term Fund
Ultra Short DurationModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹6,440.850.00%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹6,064.31 — ₹6,441.78
- AUM
- ₹11,880 Cr
SBI Ultra Short Term Fund is a Ultra Short Duration debt fund from SBI Mutual Fund with ₹11,880 Cr under management, launched in 1999. Over three years it has returned 6.7% a year, against 6.7% for its category. The expense ratio is 0.56% 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 +6.2% 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 | 6.5% | +0.2 pts | 6.3% | 6.5% |
| 3Y | 6.7% | +0.1 pts | 6.7% | 6.7% |
| 5Y | 6.7% | +0.7 pts | 6.0% | 6.6% |
| 7Y | 6.3% | +0.3 pts | 6.0% | 6.2% |
| 10Y | 6.3% | +0.4 pts | 5.9% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.5% | 0.0 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 | 6.7% | +0.2 pts | 6.5% | 6.7% |
| 3Y | 6.9% | +0.3 pts | 6.7% | 6.8% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.1% |
| 7Y | 5.9% | 0.0 pts | 6.0% | 5.7% |
| 10Y | 6.4% | +0.5 pts | 5.9% | 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
0.56%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.48%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.08%
- 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 | 2.44 | 2.71 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.54 | 3.79 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.43 | 0.42 | 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 31 Aug 2026
Asset allocation
- Debt59.2%
- Other40.8%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 41.24% | ₹4,899 Cr | +1.63% | +1.40% | +1.14% |
| Reserve Bank of India | Financial | 6.69% | ₹794 Cr | +8.57% | +2.53% | +0.30% |
| Kotak Mahindra Bank Ltd. | Financial | 6.51% | ₹774 Cr | +6.37% | +2.16% | +0.30% |
| HDFC Bank Ltd. | Financial | 5.28% | ₹628 Cr | +5.16% | — | +0.61% |
| Muthoot Fincorp Ltd. | Financial | 3.22% | ₹383 Cr | +3.14% | +1.39% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.18% | ₹378 Cr | +3.58% | +3.07% | +1.48% |
| JM Financial Services Pvt. Ltd. | Financial | 2.73% | ₹324 Cr | +4.12% | +3.50% | +0.87% |
| Adani Power Ltd. | Energy | 2.51% | ₹298 Cr | +2.50% | +2.18% | — |
| Avanse Financial Services Ltd. | Financial | 2.09% | ₹249 Cr | — | — | — |
| Radhakrishna Securitisation Trust | Others | 2.08% | ₹247 Cr | +2.09% | +1.86% | — |
| Axis Bank Ltd. | Financial | 2.06% | ₹245 Cr | — | +0.17% | +1.17% |
| Tata Projects Ltd. | Construction | 1.30% | ₹155 Cr | +1.68% | +1.47% | +1.24% |
| Eris Lifesciences Ltd. | Healthcare | 1.27% | ₹150 Cr | +1.27% | +1.10% | — |
| Tata Motors Ltd. | Automobile | 1.26% | ₹150 Cr | +1.26% | +1.10% | — |
| Tata Capital Financial Services Ltd. | Financial | 1.26% | ₹150 Cr | — | — | — |
| Indostar Capital Finance Ltd. | Financial | 1.25% | ₹149 Cr | +1.25% | +1.10% | — |
| National Bank For Agriculture & Rural Development | Financial | 1.22% | ₹145 Cr | +1.19% | +2.85% | +0.49% |
| LIC Housing Finance Ltd. | Financial | 1.05% | ₹125 Cr | +2.31% | — | +1.08% |
| Gujarat State | Construction | 0.97% | ₹115 Cr | +0.97% | +0.84% | +0.42% |
| Oberoi Realty Ltd. | Construction | 0.94% | ₹112 Cr | +1.39% | +1.47% | — |
| Mankind Pharma Ltd. | Healthcare | 0.84% | ₹100 Cr | +0.84% | +0.73% | +0.96% |
| Motilal Oswal Home Finance Ltd. | Financial | 0.84% | ₹100 Cr | +0.84% | +0.73% | — |
| Muthoot Finance Ltd. | Financial | 0.42% | ₹50.11 Cr | +0.42% | +0.37% | — |
| Phoenix ARC Pvt Ltd. | Diversified | 0.42% | ₹49.78 Cr | +0.42% | +0.36% | — |
| Bank Of Baroda | Financial | 0.41% | ₹49.09 Cr | +0.81% | +1.09% | +1.79% |
| Punjab National Bank | Financial | 0.41% | ₹48.55 Cr | +0.80% | +0.55% | +0.74% |
| Union Bank of India | Financial | 0.41% | ₹48.26 Cr | — | +2.55% | +0.91% |
| GOI | Sovereign | 0.37% | ₹44.29 Cr | +0.37% | +0.31% | +0.26% |
| Maharashtra State | Others | 0.34% | ₹40.07 Cr | +0.76% | +0.66% | +0.56% |
| Andhra Pradesh State | Financial | 0.30% | ₹35.11 Cr | +0.30% | +0.26% | +0.22% |
| Sheela Foam Ltd. | Consumer Discretionary | 0.29% | ₹35.02 Cr | +0.29% | +0.26% | — |
| Torrent Power Ltd. | Energy | 0.26% | ₹31.09 Cr | +0.26% | +0.73% | +0.18% |
| Karnataka State | Others | 0.21% | ₹25.26 Cr | +0.21% | +0.19% | +1.21% |
| Shriram Finance Ltd | Financial | 0.21% | ₹25.03 Cr | +0.42% | +0.73% | — |
| JM Financial Credit Solutions Ltd. | Financial | 0.21% | ₹25.02 Cr | +0.21% | +0.18% | — |
| Canara Bank | Financial | 0.20% | ₹24.20 Cr | +0.20% | +2.19% | +0.60% |
| JM Financial Products Ltd. | Financial | 0.14% | ₹16.68 Cr | +0.28% | +0.37% | — |
| ICICI Bank Ltd. | Financial | -0.42% | ₹-50.00 Cr | -0.42% | — | — |
| Deutsche Bank AG (India) | Financial | -2.10% | ₹-250.00 Cr | -27.40% | — | — |
| Hongkong & Shanghai Banking Corpn. Ltd. | Financial | -2.10% | ₹-250.00 Cr | — | -1.83% | -1.53% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Deutsche Bank AG (India) | -29.11% | -2.10% | +27.01% |
| company:4206 | 4.93% | 0.00% | -4.93% |
| Hongkong & Shanghai Banking Corpn. Ltd. | 0.00% | -2.10% | -2.10% |
| Axis Bank Ltd. | 0.00% | 2.06% | +2.06% |
| company:13087 | 1.35% | 0.00% | -1.35% |
| Tata Capital Financial Services Ltd. | 0.00% | 1.26% | +1.26% |
| company:4907 | 0.89% | 0.00% | -0.89% |
| Reserve Bank of India | 7.08% | 6.69% | -0.39% |
| Kotak Mahindra Bank Ltd. | 6.88% | 6.51% | -0.37% |
| HDFC Bank Ltd. | 5.58% | 5.28% | -0.30% |
| Small Industries Devp. Bank of India Ltd. | 3.36% | 3.18% | -0.18% |
| Muthoot Fincorp Ltd. | 3.40% | 3.22% | -0.18% |
| JM Financial Products Ltd. | 0.30% | 0.14% | -0.16% |
| Adani Power Ltd. | 2.67% | 2.51% | -0.16% |
| Radhakrishna Securitisation Trust | 2.22% | 2.08% | -0.14% |
| Avanse Financial Services Ltd. | 2.23% | 2.09% | -0.14% |
| JM Financial Services Pvt. Ltd. | 2.22% | 2.10% | -0.12% |
| company:19471 | 0.09% | 0.00% | -0.09% |
| Indostar Capital Finance Ltd. | 1.34% | 1.25% | -0.09% |
| Eris Lifesciences Ltd. | 1.35% | 1.27% | -0.08% |
| Tata Motors Ltd. | 1.34% | 1.26% | -0.08% |
| National Bank For Agriculture & Rural Development | 1.29% | 1.22% | -0.07% |
| LIC Housing Finance Ltd. | 1.12% | 1.05% | -0.07% |
| Gujarat State | 1.03% | 0.97% | -0.06% |
| Tata Projects Ltd. | 0.90% | 0.84% | -0.06% |
| Motilal Oswal Home Finance Ltd. | 0.90% | 0.84% | -0.06% |
| Oberoi Realty Ltd. | 1.00% | 0.94% | -0.06% |
| Mankind Pharma Ltd. | 0.90% | 0.84% | -0.06% |
| Phoenix ARC Pvt Ltd. | 0.45% | 0.42% | -0.03% |
| Muthoot Finance Ltd. | 0.45% | 0.42% | -0.03% |
| ICICI Bank Ltd. | -0.45% | -0.42% | +0.03% |
| Bank Of Baroda | 0.44% | 0.41% | -0.03% |
| Others | 0.44% | 0.41% | -0.03% |
| Union Bank of India | 0.43% | 0.41% | -0.02% |
| Maharashtra State | 0.36% | 0.34% | -0.02% |
| Punjab National Bank | 0.43% | 0.41% | -0.02% |
| Torrent Power Ltd. | 0.28% | 0.26% | -0.02% |
| Karnataka State | 0.23% | 0.21% | -0.02% |
| GOI | 0.39% | 0.37% | -0.02% |
| Canara Bank | 0.22% | 0.20% | -0.02% |
| Sheela Foam Ltd. | 0.31% | 0.29% | -0.02% |
| Andhra Pradesh State | 0.31% | 0.30% | -0.01% |
| JM Financial Credit Solutions Ltd. | 0.22% | 0.21% | -0.01% |
| Shriram Finance Ltd | 0.22% | 0.21% | -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 | ₹1,179 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 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 months3.34% absolute | ₹60,000 | ₹62,004 | 3.34% | |
| 1 year6.21% annualised | ₹1,20,000 | ₹1,24,114 | 3.43% | |
| 3 years6.93% annualised | ₹3,60,000 | ₹4,01,185 | 11.44% | |
| 5 years6.25% annualised | ₹6,00,000 | ₹7,05,859 | 17.64% |
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 ₹6,440.85 as on 25 Sep 2026.
What is the expense ratio of SBI Ultra Short Term Fund?
The expense ratio of SBI Ultra Short Term Fund is 0.56% 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 6.4% over 1 year, 6.7% 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 ₹12,81,381 Cr under management.