Question 1

Which funds are similar to ITI Ultra Short Term Fund Direct-Growth?

Accepted Answer

Funds similar to ITI Ultra Short Term Fund Direct-Growth in the Debt: Ultra Short Duration category include Aditya Birla Sun Life Savings Direct-Growth, HDFC Ultra Short Term Fund Direct-Growth, and ICICI Prudential Ultra Short Term Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.

Question 2

What is the rank of ITI Ultra Short Term Fund Direct-Growth in its category?

Accepted Answer

On a 3-year return basis ITI Ultra Short Term Fund Direct-Growth is ranked 19 out of 24 funds in the Debt: Ultra Short Duration category as of 16 Jul 2026. On a 5-year return basis it ranks 21 out of 24. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.

Question 3

How does ITI Ultra Short Term Fund Direct-Growth's expense ratio compare to similar funds?

Accepted Answer

ITI Ultra Short Term Fund Direct-Growth has an expense ratio of 0.21%. The peers Aditya Birla Sun Life Savings Direct-Growth has an expense ratio of 0.30% and HDFC Ultra Short Term Fund Direct-Growth has 0.39%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.

Question 4

How does ITI Ultra Short Term Fund Direct-Growth's AUM compare to similar funds?

Accepted Answer

ITI Ultra Short Term Fund Direct-Growth has an AUM of ₹152.84 crore. The peers Aditya Birla Sun Life Savings Direct-Growth has an AUM of ₹17,816.3 crore and HDFC Ultra Short Term Fund Direct-Growth has ₹15,949.6 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.

Question 5

Which fund has the best 3-year returns in the Debt: Ultra Short Duration?

Accepted Answer

The top performing fund in the Debt: Ultra Short Duration category on a 3-year basis is Nippon India Ultra Short Duration Fund Direct-Growth with a CAGR of 7.57% as of 16 Jul 2026. ITI Ultra Short Term Fund Direct-Growth has delivered 7.08% CAGR over the same period, ranking 19 out of 24 funds. You can view and compare the full category ranking on sharpely.

Question 6

How does ITI Ultra Short Term Fund Direct-Growth rank in risk-adjusted returns vs peers?

Accepted Answer

On a risk-adjusted basis, ITI Ultra Short Term Fund Direct-Growth has a Sharpe ratio of 3.12 compared to the Debt: Ultra Short Duration average of 2.91 as of 16 Jul 2026. It ranks 9 out of 24 funds in its category on Sharpe ratio.

Period	This Fund	Category Avg	Category Rank
1Y Return	+6.31%	6.44%	21 / 30
3Y Return	+7.08%	7.21%	19 / 24
5Y Return	+6.27%	6.45%	21 / 24
10Y Return	—	6.37%	—

ITI Ultra Short Term Fund Direct-Growth

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