DSP Ultra Short Fund

DSP Ultra Short Fund

Debt

DSP Mutual Fund

Ultra Short Duration

Get the latest NAV of DSP Ultra Short Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹3901.92

NAV as on 22 Apr 2026

7.14%/per year

Since Inception

Absolute Gain%

▲▼

96 people have invested ₹ 39.2L in DSP Ultra Short Fund in the last three months

DSP Ultra Short Fund Performance vs. Ultra Short Duration Index

Fund returns vs Benchmark returns vs Category Average returns as on (22-Apr-26)

The fund has consistently outperformed the benchmark (Ultra Short Duration Index) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.91%
1.91%
3.28%
6.74%
7.48%
6.4%
Ultra Short Duration Index
0.65%
1.55%
2.71%
5.79%
6.02%
5.38%
Ultra Short Duration Avg
0.65%
1.54%
2.73%
5.96%
6.73%
5.9%
Best in Ultra Short Duration
0.93%
1.94%
3.4%
7.04%
7.63%
7.56%
Worst in Ultra Short Duration
0.64%
1.72%
2.98%
6.21%
6.5%
5.54%
Category Rank
2/16
10/17
13/17
4/17
3/15
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DSP Ultra Short Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

7
/15
48% Performance
73% Risk Management
38% Cost

Ranked 7 out of 15 mutual funds in the ultra short duration category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
DSP Ultra Short Fund
7/15
3,560Cr
0.3%
6.74%
7.48%
0.13
0.89
2.47
6.91
0.30
ICICI Prudential Ultra Short Term Fund
1/15
13,619Cr
0.4%
6.86%
7.49%
0.16
0.95
2.83
9.27
0.91
Tata Ultra Short Term Fund
2/15
3,955Cr
0.29%
6.92%
7.53%
0.26
0.80
3.26
10.89
0.89
Invesco India Ultra Short Duration Fund
3/15
963Cr
0.24%
6.74%
7.39%
0.09
0.87
2.69
8.39
--
See all

DSP Ultra Short Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

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Absolute Return
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DSP Ultra Short Fund Asset Allocation

See fund asset allocation details as on (13-Apr-26)

Fund Distribution

as on (13-Apr-26)

AAA
79.5%
AA
20.5%
Cash allocation has gone up from 51.7% to 58.6%
Cash allocation has gone up from 51.7% to 58.6%
Debt allocation has gone down from 47.9% to 41%
Debt allocation has gone down from 47.9% to 41%

DSP Ultra Short Fund Sector Allocation

See fund sector allocation details as on (13-Apr-26)

Sector Allocation

Corporate
48.5%
Cash Equivalent
34.1%
Government
17.4%

Top 2 Sectors in March were Corporate, Government

Mar'26

Corporate

71%

Government

12%

Feb'26

Corporate

62%

Government

9%

DSP Ultra Short Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.3%
Benchmark
CRISIL Ultra Short Duration Debt TR INR
AUM₹3560 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
208.53%
Risk
Risk meter
pointer
Moderate Risk

About DSP Ultra Short Fund

DSP Ultra Short Fund is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Karan Mundhra, Shalini Vasanta. This fund is suitable to keep your money safe.

Key Parameters

  1. DSP Ultra Short Fund has ₹3560 Cr worth of assets under management (AUM) as on Apr 2026 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

DSP Ultra Short Fund has given a CAGR return of 7.14% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.74%, 7.48% and 6.40% respectively.

Holdings

DSP Ultra Short Fund has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are National Bank For Agriculture And Rural Development, HDFC Bank Limited, Canara Bank, Godrej Properties Limited, Small Industries Development Bank Of India

Taxation

As it is a ultra short duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of DSP Ultra Short Fund

An Open ended income Scheme, seeking to generate returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP Ultra Short Fund has no lock in period.

Fund Manager

Karan Mundhra

Fund Manager of DSP Ultra Short Fund, since 31 May 2021

Shalini Vasanta

Fund Manager of DSP Ultra Short Fund, since 1 January 2025

Learn more about DSP Mutual Fund
Parameters
Mar'26
Feb'26
Jan'26
AUM
₹ 3.7K Cr
₹ 3.7K Cr
₹ 3.8K Cr
  • AUM of the fund stands at 3.7K Cr as of Mar'26
  • AUM has remained same between Mar'26 and Feb'26

Frequently Asked Questions for DSP Ultra Short Fund

How do I invest in DSP Ultra Short Fund?

INDmoney makes it simple to invest in the DSP Ultra Short Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘DSP Ultra Short Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of DSP Ultra Short Fund?

The NAV of the fund today is ₹3901.92. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

DSP Ultra Short Fund fund has generated a return of 6.74% in 1 year, 7.48% in 3 years, 6.40% in 5 years.

Who is the fund manager of DSP Ultra Short Fund?

The fund managers are Karan Mundhra, Shalini Vasanta.

What is the expense ratio of the fund?

The expense ratio is 0.30%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹3560 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of DSP Ultra Short Fund?

The top 3 holdings of the fund are National Bank For Agriculture And Rural Development(5.93%), HDFC Bank Limited(3.63%), Canara Bank(3.61%)