UTI Ultra Short to Short Term Fund
Low DurationLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹3,847.33+0.08%1 day
- Return since launch
- 3.9%
- 52-week range
- ₹3,635.50 — ₹3,844.29
- AUM
- ₹2,604 Cr
UTI Ultra Short to Short Term Fund is a Low Duration debt fund from UTI Mutual Fund with ₹2,604 Cr under management, launched in 2003. Over three years it has returned 6.7% a year, against 6.7% for its category. The expense ratio is 0.65% and the SEBI riskometer reading is Low to Moderate.
Performance
UTI 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 +5.7% against +5.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.8% | +0.4 pts | 5.4% | 5.6% |
| 2Y | 6.2% | +0.4 pts | 5.9% | 6.0% |
| 3Y | 6.7% | −0.1 pts | 6.7% | 6.3% |
| 5Y | 6.8% | +0.7 pts | 6.1% | 6.5% |
| 7Y | 6.9% | +0.7 pts | 6.2% | 6.1% |
| 10Y | 6.3% | +0.1 pts | 6.2% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.2% | +0.1 pts | 1.1% | 1.1% |
| 6M | 3.0% | +0.1 pts | 2.9% | 3.0% |
| 1Y | 5.8% | +0.3 pts | 5.4% | 5.5% |
| 2Y | 6.7% | +0.4 pts | 6.4% | 6.4% |
| 3Y | 7.1% | +0.4 pts | 6.7% | 6.7% |
| 5Y | 6.4% | +0.3 pts | 6.1% | 6.1% |
| 7Y | 7.0% | +0.8 pts | 6.2% | 5.9% |
| 10Y | 5.9% | −0.3 pts | 6.2% | 6.2% |
Since launch (21 Mar 2003): 3.9%
Calendar-year returns
Category average7.3%
9.0%
4.5%
7.1%
7.6%
7.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.5% | −0.2 pts | 7.8% |
| 2024 | 7.6% | −0.2 pts | 7.8% |
| 2023 | 7.1% | −0.2 pts | 7.4% |
| 2022 | 4.5% | −0.1 pts | 4.6% |
| 2021 | 9.0% | +4.3 pts | 4.6% |
| 2020 | 7.3% | −1.4 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
0.65%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.55%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.09%
- 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 Low 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 | — | 1.09 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.82 | 1.73 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.50 | 2.39 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.68 | 0.69 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
UTI Ultra Short to Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt93.4%
- Other6.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| REC Ltd. | Financial | 8.25% | ₹215 Cr | +6.12% | +13.38% | +13.22% |
| National Bank For Agriculture & Rural Development | Financial | 7.67% | ₹200 Cr | +2.04% | +2.23% | +2.19% |
| Reserve Bank of India | Financial | 7.60% | ₹198 Cr | +7.94% | +1.11% | +4.05% |
| Others | Others | 7.00% | ₹182 Cr | +1.19% | +1.29% | +1.22% |
| Mahindra Rural Housing Finance Ltd. | Financial | 3.85% | ₹100 Cr | +4.09% | — | — |
| 360 ONE Wealth Ltd. | Financial | 3.84% | ₹99.91 Cr | +4.07% | +4.44% | +4.79% |
| Summit Digitel Infrastructure Pvt. Ltd. | Communication | 3.81% | ₹99.24 Cr | +2.04% | +2.22% | +2.19% |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.75% | ₹97.75 Cr | +2.04% | +2.23% | +2.21% |
| Embassy Office Parks REIT | Construction | 3.65% | ₹95.01 Cr | +4.88% | +5.32% | +5.22% |
| Vedanta Ltd. | Metals & Mining | 2.69% | ₹70.06 Cr | — | — | — |
| Poonawalla Fincorp Ltd. | Financial | 2.30% | ₹59.83 Cr | +2.84% | +6.65% | +4.34% |
| Radhakrishna Securitisation Trust | Others | 2.01% | ₹52.43 Cr | +2.19% | +2.40% | +2.41% |
| Can Fin Homes Ltd. | Financial | 1.92% | ₹50.11 Cr | +2.04% | +2.23% | — |
| Aditya Birla Renewables Ltd. | Energy | 1.92% | ₹50.01 Cr | +2.04% | +2.23% | +2.20% |
| Hinduja Leyland Finance Ltd. | Financial | 1.92% | ₹49.96 Cr | +2.04% | +2.22% | +2.18% |
| Mindspace Business Parks REIT | Construction | 1.91% | ₹49.73 Cr | +4.05% | +2.21% | — |
| Export-Import Bank Of India | Financial | 1.90% | ₹49.37 Cr | — | — | — |
| Indian Bank | Financial | 1.90% | ₹49.37 Cr | — | — | — |
| Godrej Industries Ltd. | Consumer Staples | 1.88% | ₹48.88 Cr | — | — | — |
| Muthoot Fincorp Ltd. | Financial | 1.87% | ₹48.73 Cr | +1.94% | +2.07% | — |
| Union Bank of India | Financial | 1.87% | ₹48.70 Cr | — | — | +2.08% |
| ICICI Bank Ltd. | Financial | 1.87% | ₹48.57 Cr | +1.94% | +2.09% | — |
| AU Small Finance Bank Ltd. | Financial | 1.82% | ₹47.50 Cr | — | — | +2.12% |
| Muthoot Finance Ltd. | Financial | 1.34% | ₹35.01 Cr | — | +1.12% | +1.10% |
| Godrej Seeds & Genetics Ltd. | Consumer Staples | 1.14% | ₹29.62 Cr | +1.22% | +1.32% | +1.30% |
| Karnataka State | Others | 0.97% | ₹25.20 Cr | — | +2.21% | — |
| LIC Housing Finance Ltd. | Financial | 0.96% | ₹25.01 Cr | +1.02% | +1.12% | +1.10% |
| Tata Capital Housing Finance Ltd. | Financial | 0.96% | ₹24.99 Cr | +2.04% | +2.24% | +2.20% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 0.96% | ₹24.99 Cr | +4.06% | +4.42% | +2.16% |
| Bajaj Housing Finance Ltd. | Financial | 0.96% | ₹24.96 Cr | +1.01% | +1.11% | +1.09% |
| Indian Railway Finance Corporation Ltd. | Financial | 0.94% | ₹24.55 Cr | +1.01% | +1.09% | +1.10% |
| IndiGrid Infrastructure Trust | Capital Goods | 0.94% | ₹24.49 Cr | — | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 0.94% | ₹24.47 Cr | +0.98% | +1.05% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Vedanta Ltd. | 0.00% | 2.69% | +2.69% |
| Godrej Industries Ltd. | 0.00% | 1.88% | +1.88% |
| company:11725 | 1.31% | 0.00% | -1.31% |
| Karnataka State | 0.00% | 0.97% | +0.97% |
| Small Industries Devp. Bank of India Ltd. | 0.93% | 1.88% | +0.94% |
| IndiGrid Infrastructure Trust | 0.00% | 0.94% | +0.94% |
| company:5551 | 0.93% | 0.00% | -0.93% |
| Reserve Bank of India | 7.36% | 7.60% | +0.25% |
| National Bank For Agriculture & Rural Development | 4.67% | 4.81% | +0.13% |
| Mahindra Rural Housing Finance Ltd. | 3.74% | 3.85% | +0.11% |
| Embassy Office Parks REIT | 3.55% | 3.65% | +0.10% |
| Summit Digitel Infrastructure Pvt. Ltd. | 3.71% | 3.81% | +0.10% |
| Muthoot Fincorp Ltd. | 1.81% | 1.87% | +0.06% |
| Export-Import Bank Of India | 1.83% | 1.90% | +0.06% |
| Indian Bank | 1.83% | 1.90% | +0.06% |
| Union Bank of India | 1.81% | 1.87% | +0.06% |
| ICICI Bank Ltd. | 1.80% | 1.87% | +0.06% |
| AU Small Finance Bank Ltd. | 1.76% | 1.82% | +0.06% |
| 360 ONE Wealth Ltd. | 1.86% | 1.91% | +0.05% |
| Hinduja Leyland Finance Ltd. | 1.87% | 1.92% | +0.05% |
| Can Fin Homes Ltd. | 1.87% | 1.92% | +0.05% |
| Aditya Birla Renewables Ltd. | 1.87% | 1.92% | +0.05% |
| Muthoot Finance Ltd. | 1.30% | 1.34% | +0.05% |
| Poonawalla Fincorp Ltd. | 1.30% | 1.34% | +0.04% |
| Kotak Mahindra Bank Ltd. | 0.91% | 0.94% | +0.03% |
| Godrej Seeds & Genetics Ltd. | 1.11% | 1.14% | +0.03% |
| Bajaj Housing Finance Ltd. | 0.93% | 0.96% | +0.03% |
| LIC Housing Finance Ltd. | 0.94% | 0.96% | +0.03% |
| Indian Railway Finance Corporation Ltd. | 0.92% | 0.94% | +0.03% |
| Tata Capital Housing Finance Ltd. | 0.93% | 0.96% | +0.02% |
| Jamnagar Utilities and Power Pvt. Ltd. | 0.93% | 0.96% | +0.02% |
| Mindspace Business Parks REIT | 0.93% | 0.96% | +0.02% |
| REC Ltd. | 0.92% | 0.95% | +0.02% |
| Radhakrishna Securitisation Trust | 1.99% | 2.01% | +0.02% |
| Others | 0.37% | 0.38% | +0.01% |
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 | ₹5,504 Cr | 0.45% | 5.9% | 6.6% | 6.8% |
 ICICI Prudential Ultra Short to Short Term Fund | ₹17,294 Cr | 0.53% | 5.8% | 6.8% | 7.0% |
 Tata Ultra Short to Short Term Fund | ₹2,665 Cr | 0.57% | 5.9% | 6.5% | 6.6% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,942 Cr | 0.36% | 5.9% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹114 Cr | 0.32% | 5.9% | — | — |
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 for its investors consistent with high liquidity by investing in a portfolio 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 months3.03% absolute | ₹60,000 | ₹61,818 | 3.03% | |
| 1 year5.77% annualised | ₹1,20,000 | ₹1,23,817 | 3.18% | |
| 3 years7.07% annualised | ₹3,60,000 | ₹4,02,076 | 11.69% | |
| 5 years6.44% annualised | ₹6,00,000 | ₹7,09,434 | 18.24% |
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 to Short Term Fund?
The NAV of UTI Ultra Short to Short Term Fund is ₹3,847.33 as on 9 Nov 2026.
What is the expense ratio of UTI Ultra Short to Short Term Fund?
The expense ratio of UTI Ultra Short to Short Term Fund is 0.65% per year.
What is the minimum SIP amount for UTI Ultra Short to Short Term Fund?
You can start a SIP in UTI Ultra Short to Short Term Fund with ₹3,000 a month.
What returns has UTI Ultra Short to Short Term Fund given?
UTI Ultra Short to Short Term Fund has returned 5.8% over 1 year, 6.7% over 3 years and 6.8% over 5 years (annualised).
Is there a lock-in or exit load on UTI Ultra Short to Short Term Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 12 months..
How risky is UTI Ultra Short to Short Term Fund?
UTI Ultra Short to Short Term Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Low Duration category.
Which fund house manages UTI Ultra Short to Short Term Fund?
UTI Ultra Short to Short Term Fund is managed by UTI Mutual Fund, which runs 67 schemes with ₹4,04,584 Cr under management.