Based on 1-year returns, the top performing Ultra Short Duration funds are HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan with 6.76% return, ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan with 6.59% return, and Nippon India Ultra Short Duration Fund - Direct Plan with 6.59% return. The category average 1-year return is 6.25%.
Ultra Short Duration Funds
Ultra-short duration debt funds invest in debt & money market instruments with a weighted average maturity (Macaulay duration) between 3 to 6 months.
Total Schemes
34
No. of schemes
Total AUM
₹ 1.36Lakh Cr
As on latest
Category Return (5Y)
6.35 %
CAGR
Benchmark Data
NA
This category currently has no benchmark assigned.
Category Returns (%)
| Period | 1M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | YTD |
|---|---|---|---|---|---|---|---|
Ultra Short Duration | 0.38 % | 2.91 % | 6.25 % | 7.13 % | 6.35 % | 6.37 % | 2.43 % |
Benchmark Not Available No benchmark assigned | - | - | - | - | - | - | - |
About Ultra Short Duration Funds
What is it?
Ultra-short duration debt funds invest in debt & money market instruments with a weighted average maturity (Macaulay duration) between 3 to 6 months.
Objective
The objective of these funds is to provide better risk-adjusted returns compared to risk-free options in a similar duration. These funds will provide better returns than FDs and savings accounts while taking lower risks compared to equity markets.
Suitability and opinion
These funds are ideal for investors with a low-risk appetite planning to reach a short-term goal within six months. These funds aim to generate slightly better returns compared to bank FDs of similar tenure. The risk is very low in this category. But we believe that investors can avoid investing in this fund and invest in liquid funds if they want to park their money for up to 1 year. We feel this because debt funds have different categories even in the shorter time duration and this differentiation does not add any value to retail investors.
Ultra Short Duration vs Other Categories
5Y CAGR Return Comparison
Key Insights
Ultra Short Duration delivered 6.35% CAGR over the last 5 years.
It ranks #7 out of 18 categories based on 5Y performance.
Above the category average return of 6.35%.
6 categories outperform it, while 11 categories have lower returns.
Top performer: Credit Risk (9.97%).
Lowest performer: Long Duration (5.32%).
Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
Aditya Birla Sun Life Savings Fund - Direct Plan
Fund Performance: Aditya Birla Sun Life Savings Fund - Direct Plan has given 7.38% annualized returns in the past three years and 6.52% in the last 5 years. The Aditya Birla Sun Life Savings Fund - Direct Plan comes under the Debt category of Aditya Birla Sun Life Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Savings Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 19,985.40Cr
1Y Returns
6.23%
Expense Ratio
0.32%
Kotak Savings Fund - Direct Plan
Fund Performance: Kotak Savings Fund - Direct Plan has given 7.13% annualized returns in the past three years and 6.33% in the last 5 years. The Kotak Savings Fund - Direct Plan comes under the Debt category of Kotak Mahindra Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Kotak Savings Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 16,823.90Cr
1Y Returns
6.09%
Expense Ratio
0.37%
HDFC Ultra Short Term Fund - Direct Plan
Fund Performance: HDFC Ultra Short Term Fund - Direct Plan has given 7.12% annualized returns in the past three years and 6.31% in the last 5 years. The HDFC Ultra Short Term Fund - Direct Plan comes under the Debt category of HDFC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HDFC Ultra Short Term Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 16,753.10Cr
1Y Returns
5.99%
Expense Ratio
0.39%
ICICI Prudential Ultra Short Term Fund - Direct Plan
Fund Performance: ICICI Prudential Ultra Short Term Fund - Direct Plan has given 7.32% annualized returns in the past three years and 6.55% in the last 5 years. The ICICI Prudential Ultra Short Term Fund - Direct Plan comes under the Debt category of ICICI Prudential Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Ultra Short Term Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 15,929.20Cr
1Y Returns
6.34%
Expense Ratio
0.40%
SBI Ultra Short Duration Fund - Direct Plan
Fund Performance: SBI Ultra Short Duration Fund - Direct Plan has given 7.06% annualized returns in the past three years and 6.21% in the last 5 years. The SBI Ultra Short Duration Fund - Direct Plan comes under the Debt category of SBI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in SBI Ultra Short Duration Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 12,553.00Cr
1Y Returns
6.02%
Expense Ratio
0.35%
Nippon India Ultra Short Duration Fund - Direct Plan
Fund Performance: Nippon India Ultra Short Duration Fund - Direct Plan has given 7.48% annualized returns in the past three years and 7.52% in the last 5 years. The Nippon India Ultra Short Duration Fund - Direct Plan comes under the Debt category of Nippon India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Ultra Short Duration Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 11,082.70Cr
1Y Returns
6.59%
Expense Ratio
0.39%
Axis Ultra Short Duration Fund - Direct Plan
Fund Performance: Axis Ultra Short Duration Fund - Direct Plan has given 7.33% annualized returns in the past three years and 6.52% in the last 5 years. The Axis Ultra Short Duration Fund - Direct Plan comes under the Debt category of Axis Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Axis Ultra Short Duration Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 5,916.37Cr
1Y Returns
6.35%
Expense Ratio
0.39%
Tata Ultra Short Term Fund - Direct Plan
Fund Performance: Tata Ultra Short Term Fund - Direct Plan has given 7.38% annualized returns in the past three years and 6.51% in the last 5 years. The Tata Ultra Short Term Fund - Direct Plan comes under the Debt category of Tata Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Tata Ultra Short Term Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 5,712.94Cr
1Y Returns
6.53%
Expense Ratio
0.31%
Bandhan Ultra Short Duration Fund - Direct Plan
Fund Performance: Bandhan Ultra Short Duration Fund - Direct Plan has given 7.06% annualized returns in the past three years and 6.19% in the last 5 years. The Bandhan Ultra Short Duration Fund - Direct Plan comes under the Debt category of Bandhan Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Bandhan Ultra Short Duration Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 4,458.36Cr
1Y Returns
6.09%
Expense Ratio
0.27%
DSP Ultra Short Fund - Direct Plan
Fund Performance: DSP Ultra Short Fund - Direct Plan has given 7.30% annualized returns in the past three years and 6.39% in the last 5 years. The DSP Ultra Short Fund - Direct Plan comes under the Debt category of DSP Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in DSP Ultra Short Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 4,166.77Cr
1Y Returns
6.22%
Expense Ratio
0.30%
UTI Ultra Short Duration Fund - Direct
Fund Performance: UTI Ultra Short Duration Fund - Direct has given 7.23% annualized returns in the past three years and 6.94% in the last 5 years. The UTI Ultra Short Duration Fund - Direct comes under the Debt category of UTI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in UTI Ultra Short Duration Fund - Direct via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 500.00
AUM
₹ 4,126.04Cr
1Y Returns
6.26%
Expense Ratio
0.36%
Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund - Direct Plan
Fund Performance: The Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund - Direct Plan comes under the Debt category of Aditya Birla Sun Life Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 3,232.27Cr
1Y Returns
6.55%
Expense Ratio
0.13%
HSBC Ultra Short Duration Fund - Direct Plan
Fund Performance: HSBC Ultra Short Duration Fund - Direct Plan has given 7.12% annualized returns in the past three years and 6.27% in the last 5 years. The HSBC Ultra Short Duration Fund - Direct Plan comes under the Debt category of HSBC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HSBC Ultra Short Duration Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 3,117.81Cr
1Y Returns
6.08%
Expense Ratio
0.18%
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan
Fund Performance: The HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan comes under the Debt category of HDFC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 2,162.50Cr
1Y Returns
6.76%
Expense Ratio
0.08%
Sundaram Ultra Short Duration Fund - Direct Plan
Fund Performance: Sundaram Ultra Short Duration Fund - Direct Plan has given 7.18% annualized returns in the past three years and 6.36% in the last 5 years. The Sundaram Ultra Short Duration Fund - Direct Plan comes under the Debt category of Sundaram Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Sundaram Ultra Short Duration Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 1,816.81Cr
1Y Returns
6.15%
Expense Ratio
0.22%
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