ICICI Prudential Ultra Short to Short Term Fund Direct Plan Growth

ICICI Prudential Ultra Short to Short Term Fund Direct Plan Growth

Debt

ICICI Mutual Fund

Low Duration

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

₹595.84

NAV as on 11 Sep 2026

7.75%/per year

Since Inception

Absolute Gain%

▲▼

1994 people have invested ₹ 3.8Cr in ICICI Prudential Ultra Short to Short Term Fund in the last three months

ICICI Prudential Ultra Short to Short Term Fund Performance vs. Low Duration Index

Fund returns vs Benchmark returns vs Category Average returns as on (11-Sep-26)

The fund has outperformed the benchmark (Low Duration Index) over 1Y, 3Y, but underperformed over 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.51%
1.9%
3.44%
6.66%
7.53%
6.7%
Low Duration Index
0.45%
1.58%
2.84%
5.52%
5.98%
6.71%
Low Duration Avg
0.41%
1.49%
2.91%
5.68%
6.99%
6.25%
Best in Low Duration
0.65%
1.97%
3.66%
6.7%
7.94%
7.54%
Worst in Low Duration
0.54%
1.73%
3.28%
6.13%
7.2%
6.38%
Category Rank
15/18
11/17
15/16
7/16
2/15
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ICICI Prudential Ultra Short to Short Term Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

13
/18
79% Performance
49% Risk Management
33% Cost

Ranked 13 out of 18 mutual funds in the low 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
ICICI Prudential Ultra Short to Short Term Fund
13/18
21,515Cr
0.42%
6.66%
7.53%
-0.10
1.31
1.59
4.22
0.68
Nippon India Ultra Short to Short Term Fund
1/18
7,960Cr
0.39%
6.64%
7.53%
-0.11
1.30
1.61
4.30
0.76
UTI Ultra Short to Short Term Fund
2/18
2,386Cr
0.33%
6.44%
7.32%
-0.29
1.28
1.31
3.21
-0.22
Aditya Birla Sun Life Ultra Short to Short Term Fund
3/18
9,864Cr
0.36%
6.45%
7.45%
-0.24
1.37
1.38
3.34
0.27
See all

ICICI Prudential Ultra Short to Short Term 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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ICICI Prudential Ultra Short to Short Term Fund Asset Allocation

See fund asset allocation details as on (15-Aug-26)

Fund Distribution

as on (15-Aug-26)

AAA
84.1%
AA
15.9%
Debt allocation has gone up from 56.8% to 66.3%
Debt allocation has gone up from 56.8% to 66.3%
Cash allocation has gone down from 42.8% to 33.3%
Cash allocation has gone down from 42.8% to 33.3%

ICICI Prudential Ultra Short to Short Term Fund Sector Allocation

See fund sector allocation details as on (15-Aug-26)

Sector Allocation

Corporate
60.6%
Cash Equivalent
24.1%
Government
15.4%

Top 3 Sectors in July were Corporate, Basic Materials & Utilities

Jul'26

Corporate

76%

Basic Materials

61%

Utilities

39%

Jun'26

Corporate

70%

Basic Materials

61%

Utilities

39%

ICICI Prudential Ultra Short to Short Term Fund Overview

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

Expense ratio0.42%
Benchmark
NIFTY Low Duration Debt TR INR
AUM₹21515 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
130.09%
Risk
Risk meter
pointer
Low to Moderate Risk

About ICICI Prudential Ultra Short to Short Term Fund

ICICI Prudential Ultra Short to Short Term Fund Direct Plan Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Darshil Dedhia, Nikhil Kabra. This fund is suitable to keep your money safe.

Key Parameters

  1. ICICI Prudential Ultra Short to Short Term Fund has ₹21515 Cr worth of assets under management (AUM) as on Aug 2026 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

ICICI Prudential Ultra Short to Short Term Fund has given a CAGR return of 7.75% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.66%, 7.53% and 6.70% respectively.

Holdings

ICICI Prudential Ultra Short to Short Term Fund has allocated its funds majorly in Corporate, Basic Materials, Utilities, Government, Cash Equivalent. Its top holdings are RADHAKRISHNA SECURITISATION TRUST, 6.64% Govt Stock 2031, National Bank For Agriculture And Rural Development, 7.33% Karnataka Sgs 2033, Punjab National Bank

Taxation

As it is a low 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 to Short Term Fund

To generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity. 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 100.00 and for SIP is INR 100.00. ICICI Prudential Ultra Short to Short Term Fund has no lock in period.

Fund Manager

Darshil Dedhia

Fund Manager of ICICI Prudential Ultra Short to Short Term Fund, since 12 June 2023

Nikhil Kabra

Fund Manager of ICICI Prudential Ultra Short to Short Term Fund, since 13 September 2024

Learn more about ICICI Mutual Fund
Parameters
Jul'26
Jun'26
May'26
AUM
₹ 21.7K Cr
₹ 22.3K Cr
₹ 25.9K Cr
  • AUM of the fund stands at 21.7K Cr as of Jul'26
  • AUM decreased by 604.3 Cr between Jul'26 and Jun'26

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

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

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

The NAV of the fund today is ₹595.84. 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 to Short Term Fund fund has generated a return of 6.66% in 1 year, 7.53% in 3 years, 6.70% in 5 years.

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

The fund managers are Darshil Dedhia, Nikhil Kabra.

What is the expense ratio of the fund?

The expense ratio is 0.42%. 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 ₹21515 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 to Short Term Fund?

The top 3 holdings of the fund are RADHAKRISHNA SECURITISATION TRUST(4.01%), 6.64% Govt Stock 2031(2.89%), National Bank For Agriculture And Rural Development(2.7%)