ICICI Prudential Ultra Short to Short Term Fund
ICICI Prudential Mutual Fund · Ultra Short to Short Term · Regular plan, growth option
NAV (₹), 1 Oct 2026
587.6674
1-day change
0.01%
1Y return
6.2%
3Y CAGR
7.3%
5Y CAGR
6.5%
Max drawdown, 5Y
−0.6%
NAV history month-end NAV, ₹ · 2 Apr 2006 to 1 Oct 2026
Returns vs Ultra Short to Short Term median (29 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.4% | 0.4% |
| 3 months | 1.3% | 1.2% |
| 6 months | 3.3% | 3.1% |
| Year to date | 4.5% | 4.2% |
| 1 year | 6.2% | 5.6% |
| 3 years (CAGR) | 7.3% | 6.8% |
| 5 years (CAGR) | 6.5% | 6.1% |
| 7 years (CAGR) | 6.7% | 6.0% |
| 10 years (CAGR) | 7.0% | 6.3% |
| Since first NAV (CAGR) | 7.7% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 8.2% | 7.1% |
| 3Y rolling median | 7.8% | 7.2% |
| 3Y rolling worst | 5.2% | 4.5% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 8.0% | 7.4% |
| 5Y rolling worst | 6.3% | 5.5% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 0.7% | 0.7% |
| Sharpe ratio | 0.83 | 0.14 |
| Sortino ratio | 1.39 | 0.21 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −1.6% | −1.5% |
| Maximum drawdown, last 10Y | −1.6% | −1.5% |
| Maximum drawdown, last 5Y | −0.6% | −0.4% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.53% a year and the Direct plan's 0.42%, a gap of 0.11%; over the last 3 years the Direct plan returned 0.13 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹2,87,417.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 3 Sep 2026: TER reduced from 0.56% to 0.53% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Darshil Dedia | Comanage | 19 Sep 2013 |
| Nikhil Kabra | Comanage | 13 Sep 2024 |
Objective: 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.
Stated asset allocation: Debt and Money Market Instruments = 0% - 100%
Benchmark (tier 1): NIFTY Low Duration Debt Index A-I
Minimum application: Rs. 100
Allotment date: 27 Sep 2002
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 0.53% | 0.87% |
| AUM, whole scheme (₹ crore) | 18,781 | 2,290 |
| Riskometer | Moderate | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 6.2% | 6.3% TRI |
| Return, 3 years (AMFI) | 7.3% | 7.1% TRI |
| Return, 5 years (AMFI) | 6.5% | 6.4% TRI |
| Month-ends above category median (3Y CAGR) | 100% | 46% median |
| Month-ends in category top quartile (3Y) | 100% | 10% median |
| 7Y rolling CAGR, median (monthly windows) | 7.8% | 6.9% median |
Official benchmark: NIFTY Low Duration Debt Index A-I (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Ultra Short to Short Term Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 4.5% | n/a | – |
| 2025 | 7.7% | n/a | – |
| 2024 | 8.0% | n/a | – |
| 2023 | 7.6% | n/a | – |
| 2022 | 4.5% | n/a | – |
| 2021 | 3.8% | n/a | – |
| 2020 | 8.6% | n/a | – |
| 2019 | 8.8% | n/a | – |
| 2018 | 7.3% | n/a | – |
| 2017 | 7.1% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,23,970 | 6.2% |
| 3 years | ₹3,60,000 | ₹3,99,993 | 7.0% |
| 5 years | ₹6,00,000 | ₹7,17,493 | 7.1% |
| 10 years | ₹12,00,000 | ₹17,05,532 | 6.8% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Ultra Short to Short Term
Plan / option: Regular · Growth
AMFI scheme code: 101619
ISIN: INF109K01746
First NAV in MFIC data: 2 Apr 2006
History: 20.5 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| ICICI Prudential Floating Interest Rates Fund | Floater | 0.96 | 7.1% |
| Franklin India Ultra Short Term Fund | Ultra Short Duration | 0.96 | n/a |
| Bajaj Finserv Money Market Fund | Money Market | 0.95 | 6.7% |
| Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund | Debt Index Fund | 0.94 | n/a |
| Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund | Debt Index Fund | 0.94 | n/a |
| Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund | Debt Index Fund | 0.93 | n/a |
Changes and data adjustments
- 3 Nov 2009: Data adjustment: NAV history adjusted for a 10:1 unit split or face-value change
Questions about ICICI Prudential Ultra Short to Short Term Fund
- What is the latest NAV of ICICI Prudential Ultra Short to Short Term Fund?
- The NAV of the Regular plan (growth option) was ₹587.6674 on 1 Oct 2026, as published by AMFI.
- Which category is ICICI Prudential Ultra Short to Short Term Fund in?
- It is classified as Ultra Short to Short Term in AMFI's daily NAV file. MFIC compares it with 29 Ultra Short to Short Term schemes (Regular plans).
- What returns has ICICI Prudential Ultra Short to Short Term Fund delivered?
- Over one year the NAV changed by 6.2%. The 3-year CAGR is 7.3% (category median 6.8%) and the 5-year CAGR is 6.5% (category median 6.1%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 7.8%, the lowest was 5.2%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in ICICI Prudential Ultra Short to Short Term Fund's NAV?
- The largest peak-to-trough fall in its available history was 1.6%; within the last five years it was 0.6% (category median 0.4%).
- How volatile is ICICI Prudential Ultra Short to Short Term Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.7%, which is above the Ultra Short to Short Term category median of 0.7%.
- What would a monthly SIP in ICICI Prudential Ultra Short to Short Term Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,17,493 on 1 Oct 2026, an annualised return (XIRR) of 7.1%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of ICICI Prudential Ultra Short to Short Term Fund?
- The total expense ratio of the Regular plan is 0.53% a year, as disclosed to AMFI (median of Ultra Short to Short Term Regular plans: 0.87%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is ICICI Prudential Ultra Short to Short Term Fund?
- Assets under management of the whole scheme were ₹18,781 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of ICICI Prudential Ultra Short to Short Term Fund?
- AMFI lists the scheme's riskometer as “Moderate”, and its benchmark's as “Low to Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of ICICI Prudential Ultra Short to Short Term Fund and how has it compared?
- Its official benchmark is the NIFTY Low Duration Debt Index A-I. Over 3 years AMFI reports a return of 7.3% for this plan against 7.1% for the benchmark total return index; over 5 years 6.5% against 6.4%. Past performance does not indicate future results.
- How often has ICICI Prudential Ultra Short to Short Term Fund beaten its category?
- At 100% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Ultra Short to Short Term schemes (Regular plans); it was in the top quarter at 100% of them. A typical scheme would show about 50%.
- Who manages ICICI Prudential Ultra Short to Short Term Fund?
- According to its Scheme Summary Document, ICICI Prudential Ultra Short to Short Term Fund is managed by Darshil Dedia (since 19 Sep 2013), Nikhil Kabra (since 13 Sep 2024).
- What is the minimum investment in ICICI Prudential Ultra Short to Short Term Fund?
- The minimum application amount is Rs. 100.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 6.3% and the Regular plan's by 6.2%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.