Tata Ultra Short Term Fund
- NAV as on 9 Nov 2026
- ₹15.34+0.05%1 day
- Return since launch
- 5.6%
- 52-week range
- ₹14.47 — ₹15.33
- AUM
- ₹5,712 Cr
Tata Ultra Short Term Fund is a Ultra Short Duration debt fund from Tata Mutual Fund with ₹5,712 Cr under management, launched in 2019. Over three years it has returned 6.3% a year, against 6.6% for its category. The expense ratio is 1.11% and the SEBI riskometer reading is Moderate.
Performance
Tata 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 +6.0% 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 | 6.1% | +0.1 pts | 6.0% | 6.2% |
| 2Y | 6.2% | +0.1 pts | 6.1% | 6.3% |
| 3Y | 6.3% | −0.3 pts | 6.6% | 6.5% |
| 5Y | 6.4% | +0.3 pts | 6.0% | 6.5% |
| 7Y | 5.9% | −0.1 pts | 6.0% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.4% | 0.0 pts | 1.3% | 1.3% |
| 6M | 3.1% | 0.0 pts | 3.1% | 3.1% |
| 1Y | 6.0% | 0.0 pts | 6.0% | 6.1% |
| 2Y | 6.4% | 0.0 pts | 6.3% | 6.5% |
| 3Y | 6.6% | 0.0 pts | 6.6% | 6.8% |
| 5Y | 6.0% | −0.1 pts | 6.0% | 6.2% |
| 7Y | 5.4% | −0.2 pts | 5.6% | 5.7% |
Since launch (11 Jan 2019): 5.6%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.6% | −0.7 pts | 7.2% |
| 2024 | 7.0% | −0.7 pts | 7.6% |
| 2023 | 6.5% | −0.7 pts | 7.2% |
| 2022 | 4.1% | −0.7 pts | 4.8% |
| 2021 | 3.1% | −1.0 pts | 4.1% |
| 2020 | 4.9% | −0.8 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
1.11%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.00%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.09%
- Exit load
- 0%
- 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.
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 | 1.16 | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.86 | — | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.62 | — | 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
Tata Ultra Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt115.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 9.98% | ₹539 Cr | +0.46% | +4.15% | +4.24% |
| Reserve Bank of India | Financial | 5.06% | ₹274 Cr | +0.47% | — | +2.34% |
| National Bank For Agriculture & Rural Development | Financial | 4.63% | ₹250 Cr | +10.39% | +2.78% | +4.39% |
| Ujjivan Small Finance Bank Ltd. | Financial | 4.02% | ₹217 Cr | +4.05% | +5.26% | — |
| GIC Housing Finance Ltd. | Financial | 3.75% | ₹202 Cr | +5.46% | +5.06% | +5.02% |
| REC Ltd. | Financial | 3.61% | ₹195 Cr | +1.52% | +2.52% | +1.26% |
| Equitas Small Finance Bank Ltd. | Financial | 3.57% | ₹193 Cr | +3.60% | +4.69% | +1.22% |
| Others | Others | 3.53% | ₹191 Cr | +0.99% | +1.28% | +1.16% |
| 360 ONE Wealth Ltd. | Financial | 3.24% | ₹175 Cr | +2.85% | +3.78% | — |
| Canara Bank | Financial | 3.17% | ₹171 Cr | +2.28% | — | +0.62% |
| Indostar Capital Finance Ltd. | Financial | 2.68% | ₹145 Cr | +1.71% | +1.26% | +2.42% |
| IIFL Finance Ltd. | Financial | 2.68% | ₹145 Cr | +2.80% | +3.64% | +1.25% |
| The Federal Bank Ltd. | Financial | 2.20% | ₹119 Cr | — | — | — |
| Liquid Gold Series 7 | Others | 2.18% | ₹118 Cr | +2.61% | +4.13% | — |
| Indian Railway Finance Corporation Ltd. | Financial | 1.86% | ₹100 Cr | — | +1.90% | — |
| Piramal Finance Ltd. | Financial | 1.86% | ₹100 Cr | +1.91% | +1.37% | +1.13% |
| Adani Airport Holdings Ltd. | Services | 1.83% | ₹98.99 Cr | — | — | — |
| Muthoot Fincorp Ltd. | Financial | 1.80% | ₹97.39 Cr | +1.81% | +1.24% | +1.17% |
| Godrej Properties Ltd. | Construction | 1.67% | ₹90.23 Cr | +0.76% | +2.53% | +2.51% |
| Credila Financial Services Ltd. | Financial | 1.38% | ₹74.82 Cr | +1.42% | +1.89% | +2.50% |
| Muthoot Finance Ltd. | Financial | 1.20% | ₹64.95 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | 0.92% | ₹49.95 Cr | +0.09% | +0.13% | +1.26% |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.91% | ₹49.03 Cr | +1.40% | +1.26% | +2.62% |
| Union Bank of India | Financial | 0.90% | ₹48.62 Cr | — | — | — |
| Punjab National Bank | Financial | 0.90% | ₹48.55 Cr | — | — | — |
| Bajaj Housing Finance Ltd. | Financial | 0.90% | ₹48.49 Cr | — | — | — |
| LIC Housing Finance Ltd. | Financial | 0.46% | ₹25.00 Cr | — | — | +0.62% |
| Yes Bank Ltd. | Financial | 0.45% | ₹24.37 Cr | +0.91% | +4.73% | — |
| Export-Import Bank Of India | Financial | 0.45% | ₹24.31 Cr | — | — | +2.26% |
| Piramal Finance Pvt. Ltd. | Financial | 0.09% | ₹5.01 Cr | +1.04% | — | — |
| Adani Power Ltd. | Energy | 0.09% | ₹4.97 Cr | +0.10% | +0.13% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:5434 | 5.30% | 0.00% | -5.30% |
| REC Ltd. | 6.16% | 0.92% | -5.24% |
| National Bank For Agriculture & Rural Development | 8.18% | 4.63% | -3.55% |
| HDFC Bank Ltd. | 7.56% | 9.98% | +2.42% |
| company:7202 | 2.31% | 0.00% | -2.31% |
| company:5329 | 1.50% | 0.00% | -1.50% |
| Canara Bank | 1.89% | 3.17% | +1.28% |
| The Federal Bank Ltd. | 3.28% | 2.20% | -1.08% |
| Export-Import Bank Of India | 1.51% | 0.45% | -1.06% |
| Power Finance Corporation Ltd. | 0.00% | 0.92% | +0.92% |
| Union Bank of India | 0.00% | 0.90% | +0.90% |
| Punjab National Bank | 0.00% | 0.90% | +0.90% |
| Bajaj Housing Finance Ltd. | 0.00% | 0.90% | +0.90% |
| Ujjivan Small Finance Bank Ltd. | 3.33% | 4.02% | +0.70% |
| Equitas Small Finance Bank Ltd. | 2.96% | 3.57% | +0.62% |
| Small Industries Devp. Bank of India Ltd. | 1.48% | 0.91% | -0.58% |
| GIC Housing Finance Ltd. | 2.24% | 2.71% | +0.47% |
| LIC Housing Finance Ltd. | 0.00% | 0.46% | +0.46% |
| IIFL Finance Ltd. | 2.30% | 2.68% | +0.37% |
| Liquid Gold Series 7 | 1.85% | 2.18% | +0.33% |
| Muthoot Fincorp Ltd. | 1.49% | 1.80% | +0.31% |
| Indian Railway Finance Corporation Ltd. | 1.55% | 1.86% | +0.31% |
| Piramal Finance Ltd. | 1.55% | 1.86% | +0.31% |
| Adani Airport Holdings Ltd. | 1.52% | 1.83% | +0.31% |
| Godrej Properties Ltd. | 1.39% | 1.67% | +0.28% |
| 360 ONE Wealth Ltd. | 1.15% | 1.38% | +0.23% |
| Credila Financial Services Ltd. | 1.15% | 1.38% | +0.23% |
| Indostar Capital Finance Ltd. | 0.69% | 0.83% | +0.14% |
| Yes Bank Ltd. | 0.37% | 0.45% | +0.08% |
| Muthoot Finance Ltd. | 0.39% | 0.46% | +0.08% |
| Reserve Bank of India | 5.13% | 5.06% | -0.07% |
| Piramal Finance Pvt. Ltd. | 0.15% | 0.09% | -0.06% |
| Others | 0.23% | 0.28% | +0.05% |
| Adani Power Ltd. | 0.08% | 0.09% | +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 | ₹1,099 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 generate returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.
Fund managers
- Amit SomaniMr.Somani is a B.Com, PGDBM and CFA.Prior to joining Tata Asset Management Ltd in 2010 he has worked with Fidelity Investments Netscribes Pvt. ltd, SPA Capital and Khandwala Securities.
- Dhawal JoshiBachelor of Engineering (IT), MMS (Finance)Prior to joining the Tata AMC, he was associated with A.K Capital Services Ltd, Crest Capital Ltd,
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 months3.08% absolute | ₹60,000 | ₹61,848 | 3.08% | |
| 1 year6.00% annualised | ₹1,20,000 | ₹1,23,972 | 3.31% | |
| 3 years6.56% annualised | ₹3,60,000 | ₹3,98,842 | 10.79% | |
| 5 years5.96% annualised | ₹6,00,000 | ₹7,00,445 | 16.74% |
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.