UTI Ultra Short Term Fund
Ultra Short DurationModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹4,584.11+0.06%1 day
- Return since launch
- 6.8%
- 52-week range
- ₹4,328.34 — ₹4,581.18
- AUM
- ₹3,017 Cr
UTI Ultra Short Term Fund is a Ultra Short Duration debt fund from UTI Mutual Fund with ₹3,017 Cr under management, launched in 2003. Over three years it has returned 6.3% a year, against 6.6% for its category. The expense ratio is 0.99% and the SEBI riskometer reading is Moderate.
Performance
UTI 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 +5.8% 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 | 6.0% | 0.0 pts | 6.0% | 6.2% |
| 2Y | 6.1% | 0.0 pts | 6.1% | 6.3% |
| 3Y | 6.3% | −0.3 pts | 6.6% | 6.5% |
| 5Y | 6.4% | +0.4 pts | 6.0% | 6.5% |
| 7Y | 6.3% | +0.2 pts | 6.0% | 6.1% |
| 10Y | 6.0% | +0.2 pts | 5.8% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.3% | 0.0 pts | 1.3% | 1.3% |
| 6M | 3.1% | 0.0 pts | 3.1% | 3.1% |
| 1Y | 5.9% | −0.1 pts | 6.0% | 6.1% |
| 2Y | 6.3% | 0.0 pts | 6.3% | 6.5% |
| 3Y | 6.6% | 0.0 pts | 6.6% | 6.8% |
| 5Y | 6.1% | 0.0 pts | 6.0% | 6.2% |
| 7Y | 6.0% | +0.4 pts | 5.6% | 5.7% |
| 10Y | 5.9% | +0.1 pts | 5.8% | 6.5% |
Since launch (27 Aug 2003): 6.8%
Calendar-year returns
Category average5.3%
6.1%
4.2%
6.7%
7.2%
6.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.6% | −0.6 pts | 7.2% |
| 2024 | 7.2% | −0.5 pts | 7.6% |
| 2023 | 6.7% | −0.5 pts | 7.2% |
| 2022 | 4.2% | −0.6 pts | 4.8% |
| 2021 | 6.1% | +2.0 pts | 4.1% |
| 2020 | 5.3% | −0.5 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
1.00%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.88%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.11%
- Exit load
- Exit load of 1% if redeemed within 12 months.
- 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.
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 | 1.95 | — | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.74 | — | 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
UTI Ultra Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt101.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Reserve Bank of India | Financial | 6.58% | ₹198 Cr | +0.79% | +9.48% | +1.42% |
| Indian Bank | Financial | 5.68% | ₹171 Cr | +5.36% | +1.51% | +2.09% |
| Axis Bank Ltd. | Financial | 4.84% | ₹146 Cr | +4.56% | +1.51% | +1.38% |
| Export-Import Bank Of India | Financial | 4.05% | ₹122 Cr | +1.53% | +1.51% | — |
| Nuvama Wealth Finance Ltd. | Financial | 3.33% | ₹100 Cr | +1.59% | — | +2.77% |
| HDFC Bank Ltd. | Financial | 3.25% | ₹97.95 Cr | +3.06% | +3.02% | +1.41% |
| Godrej Properties Ltd. | Construction | 2.99% | ₹90.23 Cr | +1.59% | — | +0.72% |
| Poonawalla Fincorp Ltd. | Financial | 2.48% | ₹74.81 Cr | — | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 2.45% | ₹73.93 Cr | +2.30% | +3.15% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.44% | ₹73.54 Cr | +3.18% | +0.76% | +1.44% |
| Aditya Birla Renewables Ltd. | Energy | 2.15% | ₹65.01 Cr | +2.07% | +2.08% | +1.89% |
| 360 ONE Wealth Ltd. | Financial | 2.11% | ₹63.73 Cr | +3.20% | +3.21% | +1.09% |
| Piramal Finance Ltd. | Financial | 2.00% | ₹60.19 Cr | +2.72% | +2.73% | — |
| National Bank For Agriculture & Rural Development | Financial | 1.95% | ₹58.91 Cr | +0.64% | +3.19% | +5.78% |
| DMI Finance Ltd. | Financial | 1.66% | ₹50.15 Cr | — | — | — |
| Mahindra Rural Housing Finance Ltd. | Financial | 1.66% | ₹50.08 Cr | — | — | — |
| Piramal Finance Pvt. Ltd. | Financial | 1.66% | ₹50.06 Cr | +2.38% | +2.39% | — |
| Hero Housing Finance Ltd. | Financial | 1.66% | ₹50.03 Cr | — | — | — |
| Torrent Power Ltd. | Energy | 1.65% | ₹49.92 Cr | +1.59% | — | — |
| GIC Housing Finance Ltd. | Financial | 1.64% | ₹49.59 Cr | +1.59% | +1.58% | +1.44% |
| Aditya Birla Digital Fashion Ventures Ltd. | Services | 1.64% | ₹49.46 Cr | — | — | — |
| Equitas Small Finance Bank Ltd. | Financial | 1.63% | ₹49.28 Cr | +1.54% | +3.15% | +1.39% |
| Canara Bank | Financial | 1.62% | ₹48.92 Cr | +1.53% | +1.51% | +3.50% |
| Kotak Mahindra Bank Ltd. | Financial | 1.62% | ₹48.80 Cr | +1.54% | +1.50% | +1.40% |
| Union Bank of India | Financial | 1.61% | ₹48.49 Cr | — | — | — |
| AU Small Finance Bank Ltd. | Financial | 1.57% | ₹47.50 Cr | — | — | — |
| Gujarat State | Construction | 0.83% | ₹25.13 Cr | +0.80% | +0.81% | +0.73% |
| Karnataka State | Others | 0.83% | ₹25.06 Cr | +0.80% | +0.81% | +0.73% |
| Eris Lifesciences Ltd. | Healthcare | 0.83% | ₹25.05 Cr | +0.80% | +0.80% | — |
| Embassy Office Parks REIT | Construction | 0.83% | ₹24.97 Cr | +0.79% | +0.80% | +0.70% |
| IndiGrid Infrastructure Trust | Capital Goods | 0.81% | ₹24.49 Cr | — | — | — |
| Godrej Industries Ltd. | Consumer Staples | 0.81% | ₹24.44 Cr | +1.59% | +1.60% | +1.45% |
| Muthoot Fincorp Ltd. | Financial | 0.80% | ₹24.06 Cr | +3.06% | +3.00% | — |
| Vedanta Ltd - Pref. Shares 7.50 | Metals & Mining | 0.50% | ₹15.11 Cr | +0.48% | +0.48% | +0.43% |
| Others | Others | -0.82% | ₹-24.64 Cr | +1.26% | +1.24% | +1.09% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Export-Import Bank Of India | 1.47% | 4.05% | +2.59% |
| DMI Finance Ltd. | 0.00% | 1.66% | +1.66% |
| Union Bank of India | 0.00% | 1.61% | +1.61% |
| Kotak Mahindra Bank Ltd. | 2.93% | 1.62% | -1.31% |
| IndiGrid Infrastructure Trust | 0.00% | 0.81% | +0.81% |
| Godrej Industries Ltd. | 0.00% | 0.81% | +0.81% |
| Reserve Bank of India | 5.90% | 6.58% | +0.67% |
| Indian Bank | 5.09% | 5.68% | +0.59% |
| Piramal Finance Ltd. | 2.55% | 2.00% | -0.56% |
| Axis Bank Ltd. | 4.34% | 4.84% | +0.50% |
| HDFC Bank Ltd. | 2.91% | 3.25% | +0.34% |
| Godrej Properties Ltd. | 2.70% | 2.99% | +0.29% |
| Ujjivan Small Finance Bank Ltd. | 2.19% | 2.45% | +0.26% |
| Small Industries Devp. Bank of India Ltd. | 2.18% | 2.44% | +0.25% |
| Poonawalla Fincorp Ltd. | 2.24% | 2.48% | +0.24% |
| Aditya Birla Renewables Ltd. | 1.94% | 2.15% | +0.21% |
| Equitas Small Finance Bank Ltd. | 1.46% | 1.63% | +0.17% |
| Canara Bank | 1.45% | 1.62% | +0.17% |
| GIC Housing Finance Ltd. | 1.48% | 1.64% | +0.17% |
| 360 ONE Wealth Ltd. | 1.50% | 1.66% | +0.16% |
| Piramal Finance Pvt. Ltd. | 1.50% | 1.66% | +0.16% |
| AU Small Finance Bank Ltd. | 1.41% | 1.57% | +0.16% |
| Torrent Power Ltd. | 1.49% | 1.65% | +0.16% |
| Mahindra Rural Housing Finance Ltd. | 1.50% | 1.66% | +0.16% |
| Hero Housing Finance Ltd. | 1.50% | 1.66% | +0.16% |
| Aditya Birla Digital Fashion Ventures Ltd. | 1.48% | 1.64% | +0.15% |
| Muthoot Fincorp Ltd. | 0.71% | 0.80% | +0.08% |
| Nuvama Wealth Finance Ltd. | 0.75% | 0.83% | +0.08% |
| Eris Lifesciences Ltd. | 0.75% | 0.83% | +0.08% |
| Embassy Office Parks REIT | 0.75% | 0.83% | +0.08% |
| Karnataka State | 0.75% | 0.83% | +0.08% |
| Gujarat State | 0.75% | 0.83% | +0.08% |
| Vedanta Ltd - Pref. Shares 7.50 | 0.45% | 0.50% | +0.05% |
| Others | 0.40% | 0.44% | +0.04% |
| National Bank For Agriculture & Rural Development | 0.30% | 0.33% | +0.03% |
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 reasonable income with low volatility through investment in a portfolio comprising of debt & money market instruments
Fund managers
- Anurag MittalMr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.Prior to joining UTI Mutual Fund, he worked with IDFC AMC, HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).
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 year5.86% annualised | ₹1,20,000 | ₹1,23,878 | 3.23% | |
| 3 years6.62% annualised | ₹3,60,000 | ₹3,99,221 | 10.89% | |
| 5 years6.06% annualised | ₹6,00,000 | ₹7,02,306 | 17.05% |
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 UTI Ultra Short Term Fund?
The NAV of UTI Ultra Short Term Fund is ₹4,584.11 as on 9 Nov 2026.
What is the expense ratio of UTI Ultra Short Term Fund?
The expense ratio of UTI Ultra Short Term Fund is 0.99% per year.
What is the minimum SIP amount for UTI Ultra Short Term Fund?
You can start a SIP in UTI Ultra Short Term Fund with ₹3,000 a month.
What returns has UTI Ultra Short Term Fund given?
UTI Ultra Short Term Fund has returned 6.0% over 1 year, 6.3% over 3 years and 6.4% over 5 years (annualised).
Is there a lock-in or exit load on UTI Ultra Short Term Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 12 months..
How risky is UTI Ultra Short Term Fund?
UTI Ultra Short Term Fund is rated Moderate on the SEBI riskometer and belongs to the Ultra Short Duration category.
Which fund house manages UTI Ultra Short Term Fund?
UTI Ultra Short Term Fund is managed by UTI Mutual Fund, which runs 67 schemes with ₹4,04,584 Cr under management.