Sundaram Ultra Short Term Fund
Ultra Short DurationLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹2,879.19+0.05%1 day
- Return since launch
- 5.8%
- 52-week range
- ₹2,735.39 — ₹2,877.62
- AUM
- ₹2,045 Cr
Sundaram Ultra Short Term Fund is a Ultra Short Duration debt fund from Sundaram Mutual Fund with ₹2,045 Cr under management, launched in 2007. Over three years it has returned 5.7% a year, against 6.6% for its category. The expense ratio is 1.38% 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 +5.2% 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 | 5.4% | −0.6 pts | 6.0% | 6.2% |
| 2Y | 5.4% | −0.7 pts | 6.1% | 6.3% |
| 3Y | 5.7% | −0.9 pts | 6.6% | 6.5% |
| 5Y | 5.7% | −0.3 pts | 6.0% | 6.5% |
| 7Y | 5.3% | −0.7 pts | 6.0% | 6.1% |
| 10Y | 5.0% | −0.8 pts | 5.8% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.2% | −0.1 pts | 1.3% | 1.3% |
| 6M | 2.8% | −0.3 pts | 3.1% | 3.1% |
| 1Y | 5.2% | −0.8 pts | 6.0% | 6.1% |
| 2Y | 5.7% | −0.7 pts | 6.3% | 6.5% |
| 3Y | 5.9% | −0.7 pts | 6.6% | 6.8% |
| 5Y | 5.4% | −0.6 pts | 6.0% | 6.2% |
| 7Y | 4.8% | −0.8 pts | 5.6% | 5.7% |
| 10Y | 4.8% | −1.0 pts | 5.8% | 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
1.45%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.25%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.20%
- 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 | 0.41 | — | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.56 | — | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.43 | — | 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 30 Sep 2026
Asset allocation
- Debt97.8%
- Other2.2%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 5.81% | ₹123 Cr | +4.93% | +3.43% | +0.46% |
| National Bank For Agriculture & Rural Development | Financial | 5.38% | ₹113 Cr | +1.45% | +5.15% | +3.60% |
| Pilani Investment And Industries Corporation Ltd. | Financial | 4.59% | ₹96.77 Cr | — | — | — |
| The Federal Bank Ltd. | Financial | 3.51% | ₹74.08 Cr | +3.69% | +3.22% | +3.52% |
| Kotak Mahindra Bank Ltd. | Financial | 3.28% | ₹69.08 Cr | +1.25% | +3.22% | +2.31% |
| Muthoot Finance Ltd. | Financial | 2.82% | ₹59.43 Cr | +2.92% | +5.19% | +3.60% |
| Reserve Bank of India | Financial | 2.36% | ₹49.75 Cr | +2.01% | +1.71% | +2.36% |
| Export-Import Bank Of India | Financial | 2.32% | ₹48.92 Cr | +1.21% | +1.61% | +1.87% |
| LIC Housing Finance Ltd. GDR/GDS | Financial | 2.31% | ₹48.67 Cr | — | — | — |
| Bank Of Baroda | Financial | 2.30% | ₹48.54 Cr | +2.50% | +0.65% | +1.16% |
| IGH Holdings Pvt. Ltd. | Communication | 2.30% | ₹48.39 Cr | — | — | — |
| Indian Bank | Financial | 2.27% | ₹47.78 Cr | +4.39% | +3.24% | +2.32% |
| LIC Housing Finance Ltd. | Financial | 2.11% | ₹44.52 Cr | — | +6.13% | +2.31% |
| JM Financial Services Pvt. Ltd. | Financial | 1.87% | ₹39.41 Cr | +1.26% | — | — |
| IIFL Finance Ltd. | Financial | 1.65% | ₹34.74 Cr | — | — | — |
| Infina Finance Pvt. Ltd. | Financial | 1.61% | ₹33.89 Cr | +1.69% | +2.24% | — |
| 360 ONE Wealth Ltd. | Financial | 1.47% | ₹31.01 Cr | +1.58% | +2.13% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.19% | ₹25.05 Cr | +0.66% | +0.68% | +1.36% |
| Axis Bank Ltd. | Financial | 1.17% | ₹24.76 Cr | +1.23% | +1.64% | +2.32% |
| HDFC Bank Ltd. | Financial | 1.16% | ₹24.38 Cr | +1.22% | +2.58% | +1.14% |
| Union Bank of India | Financial | 1.15% | ₹24.25 Cr | +3.75% | +1.61% | +1.17% |
| ICICI Securities Ltd. | Financial | 1.15% | ₹24.23 Cr | +1.21% | +1.60% | +0.46% |
| ICICI Bank Ltd. | Financial | 1.15% | ₹24.21 Cr | — | — | — |
| Others | Others | 1.08% | ₹22.50 Cr | +1.43% | +1.91% | +1.28% |
| Bharti Telecom Ltd. | Communication | 0.94% | ₹19.82 Cr | +1.01% | +0.35% | +0.24% |
| REC Ltd. | Financial | 0.71% | ₹15.00 Cr | +0.76% | +1.03% | +3.81% |
| Indusind Bank Ltd. | Financial | 0.70% | ₹14.80 Cr | — | — | +2.34% |
| Punjab National Bank | Financial | 0.70% | ₹14.68 Cr | +1.46% | +2.27% | +1.17% |
| Canara Bank | Financial | 0.69% | ₹14.60 Cr | +2.46% | +3.40% | +1.62% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Kotak Mahindra Bank Ltd. | 1.03% | 3.28% | +2.25% |
| company:13827 | 2.07% | 0.00% | -2.07% |
| Union Bank of India | 3.10% | 1.15% | -1.95% |
| Canara Bank | 2.03% | 0.69% | -1.34% |
| National Bank For Agriculture & Rural Development | 2.99% | 1.90% | -1.09% |
| company:4907 | 1.03% | 0.00% | -1.03% |
| Indusind Bank Ltd. | 0.00% | 0.70% | +0.70% |
| Cholamandalam Investment and Finance Company Ltd. | 0.54% | 1.19% | +0.65% |
| JM Financial Services Pvt. Ltd. | 1.24% | 1.87% | +0.63% |
| Pilani Investment And Industries Corporation Ltd. | 3.98% | 4.59% | +0.61% |
| The Federal Bank Ltd. | 3.05% | 3.51% | +0.47% |
| Small Industries Devp. Bank of India Ltd. | 2.04% | 2.35% | +0.31% |
| Reserve Bank of India | 2.05% | 2.36% | +0.31% |
| Export-Import Bank Of India | 2.01% | 2.32% | +0.31% |
| LIC Housing Finance Ltd. GDR/GDS | 2.00% | 2.31% | +0.31% |
| IGH Holdings Pvt. Ltd. | 1.99% | 2.30% | +0.30% |
| Indian Bank | 1.97% | 2.27% | +0.30% |
| Bank Of Baroda | 2.06% | 2.30% | +0.24% |
| IIFL Finance Ltd. | 1.43% | 1.65% | +0.22% |
| Infina Finance Pvt. Ltd. | 1.39% | 1.61% | +0.21% |
| 360 ONE Wealth Ltd. | 1.28% | 1.47% | +0.19% |
| Axis Bank Ltd. | 1.02% | 1.17% | +0.16% |
| HDFC Bank Ltd. | 1.00% | 1.16% | +0.15% |
| ICICI Securities Ltd. | 1.00% | 1.15% | +0.15% |
| ICICI Bank Ltd. | 1.00% | 1.15% | +0.15% |
| Muthoot Finance Ltd. | 0.80% | 0.93% | +0.12% |
| LIC Housing Finance Ltd. | 0.80% | 0.93% | +0.12% |
| Bharti Telecom Ltd. | 0.82% | 0.94% | +0.12% |
| Punjab National Bank | 0.60% | 0.70% | +0.09% |
| REC Ltd. | 0.62% | 0.71% | +0.09% |
| Others | 0.29% | 0.34% | +0.04% |
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 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 months2.79% absolute | ₹60,000 | ₹61,674 | 2.79% | |
| 1 year5.22% annualised | ₹1,20,000 | ₹1,23,448 | 2.87% | |
| 3 years5.91% annualised | ₹3,60,000 | ₹3,94,767 | 9.66% | |
| 5 years5.40% annualised | ₹6,00,000 | ₹6,90,139 | 15.02% |
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 ₹2,879.19 as on 9 Nov 2026.
What is the expense ratio of Sundaram Ultra Short Term Fund?
The expense ratio of Sundaram Ultra Short Term Fund is 1.38% 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 5.4% over 1 year, 5.7% over 3 years and 5.7% 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 ₹82,589 Cr under management.