ICICI Prudential Ultra Short term Fund
ICICI Prudential Mutual Fund · Ultra Short Duration · Regular plan, growth option
NAV (₹), 1 Oct 2026
29.9167
1-day change
0.03%
1Y return
6.2%
3Y CAGR
7.0%
5Y CAGR
6.3%
Max drawdown, 5Y
−0.2%
NAV history month-end NAV, ₹ · 24 May 2011 to 1 Oct 2026
Returns vs Ultra Short Duration median (28 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.5% | 0.5% |
| 3 months | 1.4% | 1.4% |
| 6 months | 3.3% | 3.3% |
| Year to date | 4.7% | 4.6% |
| 1 year | 6.2% | 6.0% |
| 3 years (CAGR) | 7.0% | 6.7% |
| 5 years (CAGR) | 6.3% | 6.1% |
| 7 years (CAGR) | 6.2% | 5.7% |
| 10 years (CAGR) | 6.6% | 6.2% |
| Since first NAV (CAGR) | 7.4% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 7.3% | 6.7% |
| 3Y rolling median | 7.4% | 6.2% |
| 3Y rolling worst | 4.9% | 4.4% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 7.2% | 6.1% |
| 5Y rolling worst | 5.8% | 5.3% |
| 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.) | 0.5% | 0.5% |
| Sharpe ratio | 0.55 | 0.10 |
| Sortino ratio | 0.81 | 0.14 |
| 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 | −7.6% | −1.0% |
| Maximum drawdown, last 10Y | −1.1% | −1.1% |
| Maximum drawdown, last 5Y | −0.2% | −0.2% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | 245 days | – |
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 0.80% a year and the Direct plan's 0.40%, a gap of 0.40%; over the last 3 years the Direct plan returned 0.42 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 ₹10,28,518.
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
- 4 Sep 2026: TER increased from 0.79% to 0.80% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Ritesh Lunawat | Primary | 3 Jun 2017 |
| Manish Banthia | Manages Overseas Investments | 19 Sep 2013 |
Objective: 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.
Stated asset allocation: Upto 100%
Benchmark (tier 1): NIFTY Ultra Short Duration Debt Index A-I
Exit load: Nil The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations.
Minimum application: 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – Rs. 25,000 (plus multiples of Re. 1/-) Minimum application amount for switch ins – Rs. 5,000 and any amount thereafter 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – Rs. 25,000 (plus multiples of Re. 1/-) Minimum application amount for switch ins – Rs. 5,000 and any amount thereafter
Allotment date: 3 May 2011
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 | 0.80% | 0.81% |
| AUM, whole scheme (₹ crore) | 15,236 | 1,958 |
| 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% | 6.7% TRI |
| Return, 3 years (AMFI) | 7.0% | 7.2% TRI |
| Return, 5 years (AMFI) | 6.3% | 6.6% TRI |
| Month-ends above category median (3Y CAGR) | 100% | 45% median |
| Month-ends in category top quartile (3Y) | 86% | 17% median |
| 7Y rolling CAGR, median (monthly windows) | 7.0% | 6.3% median |
Official benchmark: NIFTY Ultra Short Duration Debt Index A-I (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Ultra Short Duration Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 4.7% | n/a | – |
| 2025 | 7.1% | n/a | – |
| 2024 | 7.5% | n/a | – |
| 2023 | 6.9% | n/a | – |
| 2022 | 4.5% | n/a | – |
| 2021 | 4.0% | n/a | – |
| 2020 | 6.5% | n/a | – |
| 2019 | 8.4% | n/a | – |
| 2018 | 7.5% | n/a | – |
| 2017 | 6.9% | 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 | ₹1,24,112 | 6.4% |
| 3 years | ₹3,60,000 | ₹3,98,813 | 6.8% |
| 5 years | ₹6,00,000 | ₹7,11,601 | 6.8% |
| 10 years | ₹12,00,000 | ₹16,71,069 | 6.4% |
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 Duration
Plan / option: Regular · Growth
AMFI scheme code: 115092
ISIN: INF109K01TP7
First NAV in MFIC data: 24 May 2011
History: 15.4 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 |
|---|---|---|---|
| HDFC Ultra Short Term Fund | Ultra Short Duration | 0.99 | 6.9% |
| Franklin India Ultra Short Term Fund | Ultra Short Duration | 0.99 | n/a |
| Nippon India Ultra Short Term Fund | Ultra Short Duration | 0.99 | 6.8% |
| HSBC Ultra Short Term Fund | Ultra Short Duration | 0.99 | 7.0% |
| Axis Ultra Short Term Fund | Ultra Short Duration | 0.99 | 6.6% |
| Kotak Ultra Short Term Fund | Ultra Short Duration | 0.99 | 6.7% |
Questions about ICICI Prudential Ultra Short term Fund
- What is the latest NAV of ICICI Prudential Ultra Short term Fund?
- The NAV of the Regular plan (growth option) was ₹29.9167 on 1 Oct 2026, as published by AMFI.
- Which category is ICICI Prudential Ultra Short term Fund in?
- It is classified as Ultra Short Duration in AMFI's daily NAV file. MFIC compares it with 28 Ultra Short Duration schemes (Regular plans).
- What returns has ICICI Prudential Ultra Short term Fund delivered?
- Over one year the NAV changed by 6.2%. The 3-year CAGR is 7.0% (category median 6.7%) and the 5-year CAGR is 6.3% (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 7.4%, the lowest was 4.9%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in ICICI Prudential Ultra Short term Fund's NAV?
- The largest peak-to-trough fall in its available history was 7.6%; within the last five years it was 0.2% (category median 0.2%).
- How volatile is ICICI Prudential Ultra Short term Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.5%, which is above the Ultra Short Duration category median of 0.5%.
- What would a monthly SIP in ICICI Prudential Ultra 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 ₹7,11,601 on 1 Oct 2026, an annualised return (XIRR) of 6.8%. 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 term Fund?
- The total expense ratio of the Regular plan is 0.80% a year, as disclosed to AMFI (median of Ultra Short Duration Regular plans: 0.81%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is ICICI Prudential Ultra Short term Fund?
- Assets under management of the whole scheme were ₹15,236 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of ICICI Prudential Ultra 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 term Fund and how has it compared?
- Its official benchmark is the NIFTY Ultra Short Duration Debt Index A-I. Over 3 years AMFI reports a return of 7.0% for this plan against 7.2% for the benchmark total return index; over 5 years 6.3% against 6.6%. Past performance does not indicate future results.
- How often has ICICI Prudential Ultra 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 Duration schemes (Regular plans); it was in the top quarter at 86% of them. A typical scheme would show about 50%.
- Who manages ICICI Prudential Ultra Short term Fund?
- According to its Scheme Summary Document, ICICI Prudential Ultra Short term Fund is managed by Ritesh Lunawat (since 3 Jun 2017), Manish Banthia (since 19 Sep 2013).
- What is the exit load of ICICI Prudential Ultra Short term Fund?
- As stated in its scheme documents: Nil The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in ICICI Prudential Ultra Short term Fund?
- The minimum application amount is 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – Rs. 25,000 (plus multiples of Re. 1/-) Minimum application amount for switch ins – Rs. 5,000 and any amount thereafter 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – Rs. 25,000 (plus multiples of Re. 1/-) Minimum application amount for switch ins – Rs. 5,000 and any amount thereafter.
- 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 6.6% 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.