SBI Ultra Short to Short Term Fund
- NAV as on 24 Sep 2026
- ₹3,739.96-0.01%1 day
- Return since launch
- 7.1%
- 52-week range
- ₹3,545.57 — ₹3,740.52
- AUM
- ₹11,622 Cr
SBI Ultra Short to Short Term Fund is a Low Duration debt fund from SBI Mutual Fund with ₹11,622 Cr under management, launched in 2007. Over three years it has returned 6.3% a year, against 6.8% for its category. The expense ratio is 0.92% and the SEBI riskometer reading is Low to Moderate.
Performance
SBI 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 +5.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.7% | −0.1 pts | 5.7% | 6.0% |
| 2Y | 6.0% | −0.2 pts | 6.2% | 6.3% |
| 3Y | 6.3% | −0.4 pts | 6.8% | 6.6% |
| 5Y | 6.4% | +0.3 pts | 6.1% | 6.6% |
| 7Y | 6.0% | −0.3 pts | 6.3% | 6.2% |
| 10Y | 6.1% | −0.1 pts | 6.3% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.4% | 0.4% |
| 3M | 1.4% | 0.0 pts | 1.4% | 1.4% |
| 6M | 3.1% | −0.1 pts | 3.3% | 3.3% |
| 1Y | 5.5% | −0.3 pts | 5.7% | 5.8% |
| 2Y | 6.4% | −0.2 pts | 6.6% | 6.6% |
| 3Y | 6.7% | −0.1 pts | 6.8% | 6.8% |
| 5Y | 6.0% | −0.2 pts | 6.1% | 6.1% |
| 7Y | 5.8% | −0.3 pts | 6.2% | 6.0% |
| 10Y | 6.3% | +0.1 pts | 6.3% | 6.2% |
Since launch (19 Jul 2007): 7.1%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.0% | −0.7 pts | 7.8% |
| 2024 | 7.2% | −0.6 pts | 7.8% |
| 2023 | 6.8% | −0.6 pts | 7.4% |
| 2022 | 4.0% | −0.6 pts | 4.6% |
| 2021 | 3.2% | −1.4 pts | 4.6% |
| 2020 | 6.7% | −2.0 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
0.92%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.78%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.13%
- Exit load
- Exit Load of 0.10% if investment is redeemed within 3 days.
- 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.
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 | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.25 | 1.93 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.84 | 2.92 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.64 | 0.64 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
SBI Ultra Short to Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt65.6%
- Other34.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 34.75% | ₹4,039 Cr | +1.40% | +1.12% | +1.04% |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.68% | ₹660 Cr | +5.00% | +2.56% | +2.23% |
| HDFC Bank Ltd. | Financial | 5.41% | ₹629 Cr | +9.32% | — | +1.22% |
| LIC Housing Finance Ltd. | Financial | 5.28% | ₹613 Cr | +10.08% | +1.22% | +2.56% |
| Radhakrishna Securitisation Trust | Others | 4.38% | ₹509 Cr | +3.88% | +3.19% | — |
| Canara Bank | Financial | 4.18% | ₹485 Cr | +3.60% | +1.72% | — |
| Kotak Mahindra Bank Ltd. | Financial | 4.16% | ₹484 Cr | +3.59% | +0.91% | +0.93% |
| ICICI Bank Ltd. | Financial | 4.15% | ₹482 Cr | +3.58% | — | — |
| National Bank For Agriculture & Rural Development | Financial | 3.55% | ₹413 Cr | +0.04% | +0.02% | +0.48% |
| Reserve Bank of India | Financial | 3.39% | ₹394 Cr | +3.58% | +1.20% | +1.58% |
| Bajaj Finance Ltd. | Financial | 3.14% | ₹365 Cr | — | +1.53% | +0.45% |
| Muthoot Finance Ltd. | Financial | 2.81% | ₹327 Cr | +3.84% | +2.14% | — |
| JSW Kalinga Steel Ltd. | Metals & Mining | 2.23% | ₹259 Cr | +1.91% | — | — |
| Tata Motors Ltd. | Automobile | 2.15% | ₹250 Cr | +1.89% | +1.53% | — |
| Sundaram Finance Ltd. | Financial | 2.15% | ₹250 Cr | — | — | +0.97% |
| Housing & Urban Development Corporation Ltd. | Financial | 2.14% | ₹249 Cr | — | — | — |
| National Bank For Financing Infrastructure And Development | Financial | 1.79% | ₹208 Cr | — | — | — |
| REC Ltd. | Financial | 1.72% | ₹200 Cr | +0.16% | +0.12% | +1.64% |
| GOI | Sovereign | 1.35% | ₹157 Cr | +2.36% | +1.90% | +1.95% |
| Tata Projects Ltd. | Construction | 1.33% | ₹155 Cr | +1.18% | +0.95% | +1.00% |
| Power Finance Corporation Ltd. | Financial | 1.30% | ₹151 Cr | +1.87% | +0.92% | +0.81% |
| Aditya Birla Housing Finance Ltd. | Financial | 1.29% | ₹150 Cr | +1.14% | +0.92% | +0.97% |
| Axis Bank Ltd. | Financial | 1.25% | ₹145 Cr | — | +0.91% | +1.84% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.07% | ₹124 Cr | +0.94% | — | — |
| Tata Housing Devp. Co. Ltd | Construction | 1.06% | ₹123 Cr | +0.93% | +0.76% | — |
| Tata Chemicals Ltd. | Chemicals | 0.86% | ₹99.99 Cr | +0.76% | +0.61% | +0.64% |
| Bank Of Baroda | Financial | 0.83% | ₹96.69 Cr | +0.72% | +1.37% | +0.61% |
| Bharti Telecom Ltd. | Communication | 0.47% | ₹55.16 Cr | +0.42% | +0.34% | +0.36% |
| Mankind Pharma Ltd. | Healthcare | 0.43% | ₹50.12 Cr | +0.38% | +0.31% | +1.58% |
| Indian Bank | Financial | 0.42% | ₹48.59 Cr | +3.61% | +2.87% | +0.61% |
| India Universal Trust AL1 | Others | 0.41% | ₹47.37 Cr | +0.01% | +0.18% | +0.56% |
| Standard Chartered Bank | Financial | -2.58% | ₹-300.00 Cr | — | — | -3.20% |
| Nomura Fixed Income Securities Pvt. Ltd. | Financial | -3.01% | ₹-350.00 Cr | — | — | — |
| Deutsche Bank AG (India) | Financial | -14.63% | ₹-1,700.00 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:13087 | 3.82% | 0.00% | -3.82% |
| Bajaj Finance Ltd. | 0.00% | 3.14% | +3.14% |
| company:4647 | -2.67% | 0.00% | +2.67% |
| Axis Bank Ltd. | 2.94% | 1.25% | -1.69% |
| Deutsche Bank AG (India) | -12.98% | -14.63% | -1.65% |
| Housing & Urban Development Corporation Ltd. | 3.42% | 2.14% | -1.28% |
| National Bank For Agriculture & Rural Development | 0.02% | 1.27% | +1.25% |
| company:8227 | 0.92% | 0.00% | -0.92% |
| Power Finance Corporation Ltd. | 1.90% | 1.30% | -0.60% |
| company:12212 | 0.57% | 0.00% | -0.57% |
| Canara Bank | 3.68% | 4.18% | +0.50% |
| Kotak Mahindra Bank Ltd. | 3.67% | 4.16% | +0.49% |
| ICICI Bank Ltd. | 3.66% | 4.15% | +0.49% |
| Radhakrishna Securitisation Trust | 3.90% | 4.38% | +0.48% |
| Reserve Bank of India | 3.00% | 3.39% | +0.39% |
| National Bank For Financing Infrastructure And Development | 2.17% | 1.79% | -0.38% |
| REC Ltd. | 0.08% | 0.43% | +0.35% |
| LIC Housing Finance Ltd. | 3.68% | 3.34% | -0.34% |
| Nomura Fixed Income Securities Pvt. Ltd. | -2.67% | -3.01% | -0.34% |
| Small Industries Devp. Bank of India Ltd. | 2.48% | 2.76% | +0.28% |
| JSW Kalinga Steel Ltd. | 1.97% | 2.23% | +0.26% |
| Tata Motors Ltd. | 1.91% | 2.15% | +0.24% |
| Sundaram Finance Ltd. | 1.92% | 2.15% | +0.23% |
| Muthoot Finance Ltd. | 1.16% | 1.32% | +0.16% |
| GOI | 1.19% | 1.35% | +0.16% |
| Tata Projects Ltd. | 1.19% | 1.33% | +0.14% |
| Aditya Birla Housing Finance Ltd. | 1.15% | 1.29% | +0.14% |
| Torrent Pharmaceuticals Ltd. | 0.95% | 1.07% | +0.12% |
| Tata Housing Devp. Co. Ltd | 0.95% | 1.06% | +0.11% |
| Bank Of Baroda | 0.73% | 0.83% | +0.10% |
| Tata Chemicals Ltd. | 0.76% | 0.86% | +0.10% |
| HDFC Bank Ltd. | 5.50% | 5.41% | -0.09% |
| Standard Chartered Bank | -2.67% | -2.58% | +0.09% |
| Bharti Telecom Ltd. | 0.42% | 0.47% | +0.05% |
| Mankind Pharma Ltd. | 0.38% | 0.43% | +0.05% |
| Others | 0.35% | 0.40% | +0.05% |
| Indian Bank | 0.37% | 0.42% | +0.05% |
| India Universal Trust AL1 | 0.43% | 0.41% | -0.02% |
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 | ₹5,593 Cr | 0.45% | 6.3% | 6.9% | 6.9% |
 ICICI Prudential Ultra Short to Short Term Fund | ₹21,047 Cr | 0.53% | 6.3% | 7.0% | 7.1% |
 Tata Ultra Short to Short Term Fund | ₹2,871 Cr | 0.57% | 6.3% | 6.7% | 6.7% |
 UTI Ultra Short to Short Term Fund | ₹2,680 Cr | 0.48% | 6.3% | 6.9% | 6.9% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,228 Cr | 0.36% | 6.4% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹138 Cr | 0.29% | 6.3% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide investors an opportunity to generate regular income with reasonable degree of liquidity through investments in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months.
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 months3.11% absolute | ₹60,000 | ₹61,866 | 3.11% | |
| 1 year5.47% annualised | ₹1,20,000 | ₹1,23,616 | 3.01% | |
| 3 years6.67% annualised | ₹3,60,000 | ₹3,99,537 | 10.98% | |
| 5 years5.95% annualised | ₹6,00,000 | ₹7,00,260 | 16.71% |
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.