ICICI Prudential Ultra Short Term Fund Direct Growth

ICICI Prudential Ultra Short Term Fund Direct Growth

Debt

ICICI Mutual Fund

Ultra Short Duration

Get the latest NAV of ICICI Prudential Ultra Short Term Fund Direct Growth. 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.

₹30.03

NAV as on 04 Jul 2025

8.08%/per year

Since Inception

Absolute Gain%

▲▼

1171 people have invested ₹ 10.4Cr in ICICI Prudential Ultra Short Term Fund Direct Growth in the last three months

Fund Performance

as on (04-Jul-25)

Period
This Fund
Ultra Short Duration Index
1 Month
0.67%
0.48%
3 Months
2.06%
1.69%
6 Months
4.22%
3.65%
1 Year
8.1%
7.15%
3 Years
7.54%
6.73%
5 Years
6.47%
5.52%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
ICICI Prudential Ultra Short Term Fund
2/17
16,245Cr
0.39%
8.1%
7.54%
8.08%
Tata Ultra Short Term Fund Direct Growth
1/17
4,353Cr
0.28%
8.09%
7.5%
6.41%
Axis Ultra Short Duration Fund Direct Growth
3/17
6,508Cr
0.36%
8.1%
7.56%
6.8%
HSBC Ultra Short Duration Fund Direct Growth
4/17
2,736Cr
0.22%
7.91%
7.38%
6.06%
See all

ICICI Prudential Ultra Short Term Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

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Total Investment

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Total Corpus

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ICICI Prudential Ultra Short Term Fund Asset Allocation

See fund asset allocation details as on (14-Jun-25)

Fund Distribution

as on (14-Jun-25)

Debt & Cash 99.8%

AAA
82.7%
AA
17.3%
Cash allocation has gone down from 45.2% to 44.3%
Cash allocation has gone down from 45.2% to 44.3%
Debt allocation has gone up from 54.6% to 55.4%
Debt allocation has gone up from 54.6% to 55.4%

ICICI Prudential Ultra Short Term Fund Sector Allocation

See fund sector allocation details as on (14-Jun-25)

Sector Allocation

Debt & Cash 99.8%

Corporate
46.3%
Cash Equivalent
44%
Government
9%
Securitize
0.7%

Top 3 Sectors in May were Corporate, Energy & Industrial

May'25

Corporate

59%

Energy

40%

Industrial

28%

Apr'25

Corporate

53%

Energy

40%

Industrial

28%

ICICI Prudential Ultra Short Term Fund Direct Growth Overview

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

Expense ratio0.39%
Benchmark
NIFTY Ultra Short Duration Debt TR INR
AUM₹16245 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
196.76%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

About ICICI Prudential Ultra Short Term Fund

ICICI Prudential Ultra Short Term Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Ritesh Lunawat, Manish Banthia. This fund is suitable to keep your money safe.

Key Parameters

  1. ICICI Prudential Ultra Short Term Fund Direct Growth has ₹16245 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

ICICI Prudential Ultra Short Term Fund Direct Growth has given a CAGR return of 8.08% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.10%, 7.54% and 6.47% respectively.

Holdings

ICICI Prudential Ultra Short Term Fund Direct Growth has allocated its funds majorly in Corporate, Energy, Industrial, Cash Equivalent, Government, Financial Services, Basic Materials, Health. Its top holdings are 7.11% Govt Stock 2028, LIC Housing Finance Ltd, 182 Days Tbill, National Bank For Agriculture And Rural Development, National Bank For Agriculture And Rural Development

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 ICICI Prudential Ultra Short Term Fund Direct Growth

To generate income through investments in a range of debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. ICICI Prudential Ultra Short Term Fund Direct Growth has no lock in period.

Fund Manager

Ritesh Lunawat

Fund Manager of ICICI Prudential Ultra Short Term Fund Direct Growth, since 15 June 2017

Manish Banthia

Fund Manager of ICICI Prudential Ultra Short Term Fund Direct Growth, since 15 November 2016

Learn more about ICICI Mutual Fund
Parameters
May'25
Apr'25
Mar'25
AUM
₹ 16.3K Cr
₹ 15.1K Cr
₹ 12.7K Cr
  • AUM of the fund stands at 16.3K Cr as of May'25
  • AUM increased by 1.2K Cr between May'25 and Apr'25

Frequently Asked Questions for ICICI Prudential Ultra Short Term Fund Direct Growth

How do I invest in ICICI Prudential Ultra Short Term Fund?

INDmoney makes it simple to invest in the ICICI Prudential Ultra Short Term Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘ICICI Prudential Ultra Short Term 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 ICICI Prudential Ultra Short Term Fund?

The NAV of the fund today is ₹30.03. 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?

ICICI Prudential Ultra Short Term Fund fund has generated a return of 8.10% in 1 year, 7.54% in 3 years, 6.47% in 5 years.

Who is the fund manager of ICICI Prudential Ultra Short Term Fund?

The fund managers are Ritesh Lunawat, Manish Banthia.

What is the exit load of the fund?

The exit load is . Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.39%. 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 ₹16245 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of ICICI Prudential Ultra Short Term Fund?

The top 3 holdings of the fund are 7.11% Govt Stock 2028(5.18%), LIC Housing Finance Ltd(3.71%), 182 Days Tbill(3.04%)