Sundaram Ultra Short Term Fund
Ultra Short DurationLow to ModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹2,862.68-0.01%1 day
- Return since launch
- 5.8%
- 52-week range
- ₹2,719.20 — ₹2,863.24
- AUM
- ₹2,416 Cr
Sundaram Ultra Short Term Fund is a Ultra Short Duration debt fund from Sundaram Mutual Fund with ₹2,416 Cr under management, launched in 2007. Over three years it has returned 5.8% a year, against 6.7% for its category. The expense ratio is 1.39% and the SEBI riskometer reading is Low to Moderate.
Performance
Sundaram 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 +5.3% 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 | 5.6% | −0.5 pts | 6.1% | 6.5% |
| 2Y | 5.6% | −0.7 pts | 6.3% | 6.5% |
| 3Y | 5.8% | −0.9 pts | 6.7% | 6.7% |
| 5Y | 5.8% | −0.2 pts | 6.0% | 6.6% |
| 7Y | 5.3% | −0.7 pts | 6.0% | 6.2% |
| 10Y | 5.0% | −0.8 pts | 5.9% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.3% | −0.1 pts | 1.5% | 1.5% |
| 6M | 3.0% | −0.4 pts | 3.4% | 3.4% |
| 1Y | 5.3% | −0.8 pts | 6.1% | 6.2% |
| 2Y | 5.8% | −0.7 pts | 6.5% | 6.7% |
| 3Y | 6.0% | −0.7 pts | 6.7% | 6.8% |
| 5Y | 5.3% | −0.7 pts | 6.0% | 6.1% |
| 7Y | 4.9% | −1.1 pts | 6.0% | 5.7% |
| 10Y | 4.9% | −1.0 pts | 5.9% | 6.5% |
Since launch (20 Dec 2007): 5.8%
Calendar-year returns
Category average4.3%
2.3%
3.7%
6.1%
6.4%
5.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.9% | −1.3 pts | 7.2% |
| 2024 | 6.4% | −1.2 pts | 7.6% |
| 2023 | 6.1% | −1.1 pts | 7.2% |
| 2022 | 3.7% | −1.1 pts | 4.8% |
| 2021 | 2.3% | −1.8 pts | 4.1% |
| 2020 | 4.3% | −1.4 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
1.39%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.25%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.13%
- Exit load
- Exit Load of 0.50% shall be levied if units are redeemed within 30 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
- NIFTY Ultra Short Duration Debt Index A-I
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 | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.31 | 2.71 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.43 | 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
Sundaram Ultra Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt99.9%
- Other0.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 5.11% | ₹123 Cr | +8.25% | +5.24% | +0.88% |
| National Bank For Agriculture & Rural Development | Financial | 4.02% | ₹97.23 Cr | +2.14% | +2.62% | +2.31% |
| Pilani Investment And Industries Corporation Ltd. | Financial | 3.98% | ₹96.23 Cr | — | — | — |
| Union Bank of India | Financial | 3.10% | ₹74.83 Cr | +3.15% | +1.03% | +1.12% |
| The Federal Bank Ltd. | Financial | 3.05% | ₹73.66 Cr | +2.02% | — | +3.36% |
| Muthoot Finance Ltd. | Financial | 2.46% | ₹59.39 Cr | +2.44% | +3.99% | +2.07% |
| Tata Projects Ltd. | Construction | 2.07% | ₹49.94 Cr | — | — | — |
| Bank Of Baroda | Financial | 2.06% | ₹49.88 Cr | +2.10% | +2.58% | +6.94% |
| Reserve Bank of India | Financial | 2.05% | ₹49.54 Cr | +1.69% | +1.29% | +2.25% |
| Canara Bank | Financial | 2.03% | ₹49.06 Cr | +2.06% | +2.58% | +1.55% |
| Export-Import Bank Of India | Financial | 2.01% | ₹48.66 Cr | +1.01% | +1.23% | — |
| company:18495 | Financial | 2.00% | ₹48.40 Cr | — | — | — |
| IGH Holdings Pvt. Ltd. | Communication | 1.99% | ₹48.12 Cr | — | — | — |
| Indian Bank | Financial | 1.97% | ₹47.54 Cr | +2.04% | +3.86% | +2.22% |
| LIC Housing Finance Ltd. | Financial | 1.84% | ₹44.45 Cr | — | +4.70% | +2.21% |
| IIFL Finance Ltd. | Financial | 1.43% | ₹34.51 Cr | — | — | — |
| Infina Finance Pvt. Ltd. | Financial | 1.39% | ₹33.69 Cr | +1.41% | +1.70% | — |
| 360 ONE Wealth Ltd. | Financial | 1.28% | ₹31.02 Cr | +1.33% | +1.63% | — |
| JM Financial Services Pvt. Ltd. | Financial | 1.24% | ₹29.94 Cr | +1.06% | — | — |
| Power Finance Corporation Ltd. | Financial | 1.03% | ₹25.00 Cr | +1.07% | +1.31% | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.03% | ₹24.90 Cr | +2.11% | — | +2.21% |
| Axis Bank Ltd. | Financial | 1.02% | ₹24.62 Cr | +1.03% | +1.25% | +2.24% |
| HDFC Bank Ltd. | Financial | 1.00% | ₹24.25 Cr | +2.10% | +1.96% | +1.09% |
| ICICI Securities Ltd. | Financial | 1.00% | ₹24.10 Cr | +1.01% | +0.52% | +0.44% |
| company:1570 | Financial | 1.00% | ₹24.09 Cr | — | — | — |
| Bharti Telecom Ltd. | Communication | 0.82% | ₹19.83 Cr | +0.85% | +0.27% | +3.20% |
| REC Ltd. | Financial | 0.62% | ₹15.01 Cr | +0.64% | +0.79% | +3.66% |
| Punjab National Bank | Financial | 0.60% | ₹14.60 Cr | +1.02% | +1.72% | +1.12% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.54% | ₹12.93 Cr | +0.55% | +0.52% | +1.30% |
| Others | Others | 0.40% | ₹9.70 Cr | +1.20% | +1.45% | +1.22% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:18495 | 0.00% | 2.00% | +2.00% |
| TVS Credit Services Ltd. | 1.10% | 0.00% | -1.10% |
| HDB Financial Services Ltd. | 1.09% | 0.00% | -1.09% |
| company:1570 | 0.00% | 1.00% | +1.00% |
| Reserve Bank of India | 1.09% | 2.05% | +0.96% |
| Indian Bank | 1.03% | 1.97% | +0.94% |
| National Bank For Agriculture & Rural Development | 2.10% | 2.99% | +0.90% |
| Punjab National Bank | 0.84% | 0.60% | -0.24% |
| Pilani Investment And Industries Corporation Ltd. | 4.19% | 3.98% | -0.20% |
| Union Bank of India | 3.26% | 3.10% | -0.16% |
| The Federal Bank Ltd. | 3.20% | 3.05% | -0.15% |
| Bank Of Baroda | 2.17% | 2.06% | -0.11% |
| Tata Projects Ltd. | 2.17% | 2.07% | -0.11% |
| Canara Bank | 2.13% | 2.03% | -0.10% |
| Export-Import Bank Of India | 2.12% | 2.01% | -0.10% |
| Small Industries Devp. Bank of India Ltd. | 2.14% | 2.04% | -0.10% |
| IGH Holdings Pvt. Ltd. | 2.09% | 1.99% | -0.10% |
| 360 ONE Wealth Ltd. | 1.36% | 1.28% | -0.08% |
| IIFL Finance Ltd. | 1.50% | 1.43% | -0.07% |
| Infina Finance Pvt. Ltd. | 1.46% | 1.39% | -0.07% |
| JM Financial Services Pvt. Ltd. | 1.30% | 1.24% | -0.06% |
| Power Finance Corporation Ltd. | 1.09% | 1.03% | -0.06% |
| Kotak Mahindra Bank Ltd. | 1.08% | 1.03% | -0.05% |
| Axis Bank Ltd. | 1.07% | 1.02% | -0.05% |
| HDFC Bank Ltd. | 1.05% | 1.00% | -0.05% |
| ICICI Securities Ltd. | 1.05% | 1.00% | -0.05% |
| Bharti Telecom Ltd. | 0.87% | 0.82% | -0.05% |
| LIC Housing Finance Ltd. | 0.84% | 0.80% | -0.04% |
| Muthoot Finance Ltd. | 0.84% | 0.80% | -0.04% |
| REC Ltd. | 0.66% | 0.62% | -0.04% |
| Cholamandalam Investment and Finance Company Ltd. | 0.57% | 0.54% | -0.03% |
| Others | 0.31% | 0.29% | -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 | ₹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 aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.
Fund managers
- Kumaresh RamakrishnanMr. Ramakrishnan is a B.E from Mumbai University and MBA from NMIMS (Mumbai).Prior to joining Sundaram Mutual Fund he has worked with PGIM India Mutual Fund, DWS AMC, Societe Generale and CARE.
- Ronak ShahMBA, B. ComPrior to joining the Sundaram AMC, he was associated with Tata AIA Life Insurance Co. Ltd and Derivium Tradition and Securities (P) Ltd.
- Sandeep AgarwalMr. Agarwal is a B.Com (H) from University of Kota, Chartered Accountant and CS.Prior to joining Sundaram Mutual Fund he has worked with Deutsche AMC.
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 months3.02% absolute | ₹60,000 | ₹61,812 | 3.02% | |
| 1 year5.28% annualised | ₹1,20,000 | ₹1,23,488 | 2.91% | |
| 3 years5.96% annualised | ₹3,60,000 | ₹3,95,078 | 9.74% | |
| 5 years5.33% annualised | ₹6,00,000 | ₹6,88,864 | 14.81% |
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 Sundaram Ultra Short Term Fund?
The NAV of Sundaram Ultra Short Term Fund is ₹2,862.68 as on 25 Sep 2026.
What is the expense ratio of Sundaram Ultra Short Term Fund?
The expense ratio of Sundaram Ultra Short Term Fund is 1.39% per year.
What is the minimum SIP amount for Sundaram Ultra Short Term Fund?
You can start a SIP in Sundaram Ultra Short Term Fund with ₹3,000 a month.
What returns has Sundaram Ultra Short Term Fund given?
Sundaram Ultra Short Term Fund has returned 5.6% over 1 year, 5.8% over 3 years and 5.8% over 5 years (annualised).
Is there a lock-in or exit load on Sundaram Ultra Short Term Fund?
Lock-in: None. Exit load: Exit Load of 0.50% shall be levied if units are redeemed within 30 days from the date of allotment..
How risky is Sundaram Ultra Short Term Fund?
Sundaram Ultra Short Term Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Ultra Short Duration category.
Which fund house manages Sundaram Ultra Short Term Fund?
Sundaram Ultra Short Term Fund is managed by Sundaram Mutual Fund, which runs 32 schemes with ₹76,995 Cr under management.