Ultra Short Duration Mutual Funds
Portfolio duration of 3 to 6 months.
A step out from liquid funds for slightly more return and slightly more movement. Still short enough that a rate change barely registers.
Who it suits. Money needed in three to six months. Hold for 3 to 6 months.
Direct plans in this category
- UTI Ultra Short to Short Term FundUTI Mutual Fund · NAV ₹3,872.91 6.2% 7.3% 7.5%
- UTI Ultra Short Term FundUTI Mutual Fund · NAV ₹4,897.90 6.5% 7.3% 7.1%
- Nippon India Ultra Short Term FundNippon India Mutual Fund · NAV ₹4,801.17 6.9% 7.6% 6.9%
- ICICI Prudential Ultra Short term FundICICI Prudential Mutual Fund · NAV ₹32.30 6.6% 7.4% 6.7%
- Kotak Ultra Short to Short Term FundKotak Mahindra Mutual Fund · NAV ₹3,924.91 6.4% 7.5% 6.7%
- Axis Ultra Short Term FundAxis Mutual Fund · NAV ₹16.85 6.7% 7.4% 6.7%
- HDFC Ultra Short to Short Term FundHDFC Mutual Fund · NAV ₹67.34 6.3% 7.5% 6.7%
- Tata Ultra Short Term FundTata Mutual Fund · NAV ₹16.10 6.9% 7.5% 6.7%
- Aditya Birla Sun Life Savings FundAditya Birla Sun Life Mutual Fund · NAV ₹601.65 6.5% 7.5% 6.7%
- Nippon India Ultra Short to Short Term FundNippon India Mutual Fund · NAV ₹4,274.32 6.4% 7.5% 6.7%
- ICICI Prudential Ultra Short to Short Term FundICICI Prudential Mutual Fund · NAV ₹593.83 6.4% 7.5% 6.7%
- Axis Ultra Short to Short Term FundAxis Mutual Fund · NAV ₹3,490.91 6.3% 7.5% 6.6%
- Mahindra Manulife Ultra Short to Short Term FundMahindra Manulife Mutual Fund · NAV ₹1,888.48 6.4% 7.5% 6.6%
- Mirae Asset Ultra Short-Term FundMirae Asset Mutual Fund · NAV ₹1,425.19 6.6% 7.4% 6.6%
- DSP Ultra Short Term FundDSP Mutual Fund · NAV ₹3,990.25 6.6% 7.4% 6.6%
- Baroda BNP Paribas Ultra Short Term FundBaroda BNP Paribas Mutual Fund · NAV ₹1,681.97 6.5% 7.2% 6.6%
- Mirae Asset Ultra Short to Short Term FundMirae Asset Mutual Fund · NAV ₹2,646.95 6.4% 7.5% 6.6%
- Invesco India Ultra Short Term FundInvesco Mutual Fund · NAV ₹3,103.27 6.6% 7.3% 6.6%
- Mahindra Manulife Ultra Short Term FundMahindra Manulife Mutual Fund · NAV ₹1,517.79 6.5% 7.3% 6.5%
- Kotak Ultra Short Term FundKotak Mahindra Mutual Fund · NAV ₹48.31 6.4% 7.2% 6.5%
- HDFC Ultra Short Term FundHDFC Mutual Fund · NAV ₹16.64 6.3% 7.2% 6.5%
- LIC MF Ultra Short to Short Term fundLIC Mutual Fund · NAV ₹46.14 6.4% 7.4% 6.5%
- SBI Ultra Short to Short Term FundSBI Mutual Fund · NAV ₹3,894.65 5.9% 7.2% 6.5%
- JM Ultra Short to Short Term FundJM Financial Mutual Fund · NAV ₹40.91 6.2% 7.3% 6.4%
- PGIM India Ultra Short Term FundPGIM India Mutual Fund · NAV ₹38.24 6.2% 7.1% 6.4%
- WhiteOak Capital Ultra Short Term FundWhiteOak Capital Mutual Fund · NAV ₹1,513.55 6.3% 7.0% 6.4%
- SBI ULTRA SHORT TERM FUNDSBI Mutual Fund · NAV ₹6,535.21 6.3% 7.2% 6.4%
- BANDHAN ULTRA SHORT TERM FUNDBandhan Mutual Fund · NAV ₹16.57 6.4% 7.2% 6.4%
- Canara Robeco Ultra Short to Short Term FundCanara Robeco Mutual Fund · NAV ₹46.55 6.2% 7.2% 6.4%
- DSP Ultra Short to Short Term FundDSP Mutual Fund · NAV ₹21.96 6.0% 7.2% 6.4%
- Invesco India Ultra Short to Short Term FundInvesco Mutual Fund · NAV ₹4,227.67 6.0% 7.2% 6.3%
- BANDHAN ULTRA SHORT TO SHORT TERM FUNDBandhan Mutual Fund · NAV ₹42.41 6.1% 7.2% 6.3%
- ITI Ultra Short Term FundITI Mutual Fund · NAV ₹1,375.85 6.4% 7.1% 6.3%
- Canara Robeco Ultra Short Term FundCanara Robeco Mutual Fund · NAV ₹4,345.62 6.4% 7.1% 6.2%
- LIC MF Ultra Short Term FundLIC Mutual Fund · NAV ₹1,455.02 6.6% 7.2% 6.2%
- BANK OF INDIA ULTRA SHORT TERM FUNDBank of India Mutual Fund · NAV ₹3,516.30 6.4% 6.9% 6.2%
- BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUNDBaroda BNP Paribas Mutual Fund · NAV ₹47.24 6.4% 7.4% —
- Bajaj Finserv Ultra Short to Short Term FundBajaj Finserv Mutual Fund · NAV ₹1,033.03 — — —
- Edelweiss Ultra Short to Short Term FundEdelweiss Mutual Fund · NAV ₹1,101.80 — — —
- Franklin India Ultra Short Term FundFranklin Templeton Mutual Fund · NAV ₹11.49 — — —
- Franklin India Ultra Short to Short Term FundFranklin Templeton Mutual Fund · NAV ₹11.11 — — —
- HSBC Ultra Short to Short Term FundHSBC Mutual Fund · NAV ₹32.56 — — —
- JioBlackRock Ultra Short to Short Term FundJio BlackRock Mutual Fund · NAV ₹1,038.35 — — —
- Motilal Oswal Ultra Short Term FundMotilal Oswal Mutual Fund · NAV ₹18.69 — — —
- Sundaram Ultra Short Duration Fund (Formerly Known as Principal Ultra Short Term Fund)Sundaram Mutual Fund · NAV ₹3,152.15 6.4% 7.3% —
- Union Short Term FundUnion Mutual Fund · NAV ₹11.06 — — —
- Union Ultra Short to Short Term FundUnion Mutual Fund · NAV ₹10.66 — — —
Point-to-point CAGR from AMFI NAV history, Direct plans only. Ordered by five-year return so the list has a shape, not because the order is a judgement. Past returns do not predict future ones — a fund near the top is usually there because its style suited the last five years, and styles take turns.
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Questions people ask
What is a Ultra Short Duration fund?
Portfolio duration of 3 to 6 months. A step out from liquid funds for slightly more return and slightly more movement. Still short enough that a rate change barely registers.
Who should invest in Ultra Short Duration funds?
Money needed in three to six months. A sensible holding period is 3 to 6 months.
How is this list ordered?
By five-year CAGR computed from AMFI's published NAV history, within one plan type. It is a sort, not a verdict — a fund near the top is there because its style suited the last five years, which is not a promise about the next five.
Should I choose the Direct or Regular plan?
A Direct plan holds exactly the same portfolio without the distributor commission, so its expense ratio is lower — commonly 0.5% to 1.2% a year — and it compounds ahead of the Regular plan for ever. Choose Regular only if you want an intermediary's advice and are content to pay for it annually.