Top 10 Ultra Short Duration funds by 5-year CAGR
All 28 Regular-plan Ultra Short Duration schemes in AMFI’s data with a current NAV, ranked by 5-year CAGR. The table also shows shorter and longer returns, volatility, the deepest fall in five years and the Sharpe ratio, so one number is not read in isolation.
Ranked among 24 Regular-plan Ultra Short Duration schemes with enough history (4 newer schemes left out) · Growth option · data as of 28 Oct 2026.
| # | Scheme | Category | 5Y CAGR | 1Y | 3Y CAGR | Volatility | Max fall 5Y | Sharpe | Riskometer | AUM |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HSBC Ultra Short Term Fund HSBC | Ultra Short Duration | 6.6% | 6.3% | 7.1% | 0.5% | −0.2% | 1.27 | Low to Moderate | ₹2,790 Cr |
| 2 | Aditya Birla Sun Life Ultra Short Term Fund Aditya Birla Sun Life | Ultra Short Duration | 6.6% | 6.1% | 7.2% | 0.5% | −0.4% | 1.18 | Moderate | ₹15,191 Cr |
| 3 | Baroda BNP Paribas Ultra Short Term Fund Baroda BNP Paribas | Ultra Short Duration | 6.5% | 6.2% | 7.0% | 0.5% | −0.3% | 0.94 | Low to Moderate | ₹570 Cr |
| 4 | Mirae Asset Ultra Short-Term Fund Mirae Asset | Ultra Short Duration | 6.5% | 6.1% | 7.1% | 0.5% | −0.2% | 1.06 | Low to Moderate | ₹1,949 Cr |
| 5 | HSBC Ultra Short Term Fund HSBC | Ultra Short Duration | 6.3% | 6.2% | 6.9% | 0.5% | −0.2% | 0.84 | Low to Moderate | ₹2,790 Cr |
| 6 | ICICI Prudential Ultra Short term Fund ICICI Prudential | Ultra Short Duration | 6.3% | 6.0% | 6.9% | 0.5% | −0.2% | 0.75 | Moderate | ₹14,625 Cr |
| 7 | BANDHAN ULTRA SHORT TERM FUND Bandhan | Ultra Short Duration | 6.3% | 6.1% | 6.9% | 0.5% | −0.3% | 0.81 | Low to Moderate | ₹4,342 Cr |
| 8 | SBI ULTRA SHORT TERM FUND SBI | Ultra Short Duration | 6.3% | 6.1% | 6.9% | 0.5% | −0.3% | 0.77 | Low to Moderate | ₹11,388 Cr |
| 9 | HDFC Ultra Short Term Fund HDFC | Ultra Short Duration | 6.2% | 5.8% | 6.8% | 0.5% | −0.2% | 0.50 | Low to Moderate | ₹14,807 Cr |
| 10 | Nippon India Ultra Short Term Fund Nippon India | Ultra Short Duration | 6.2% | 6.0% | 6.7% | 0.4% | −0.2% | 0.44 | Moderate | ₹11,945 Cr |
| Category median | 6.1% | 5.8% | 6.7% | 0.5% | −0.2% | 0.24 | ||||
Regular plans, Growth option. Returns are after expenses (TER is deducted from NAV). MFIC calculates returns, volatility, drawdown and Sharpe from AMFI NAVs; benchmark excess, riskometer and AUM are as published by AMFI. Schemes without enough history for the measure are left out, not estimated.
How to read this list
Is #1 the best fund to buy?
No. A “Top 5” or “Top 10” place means highest or lowest on this one historical measure. Past performance is not indicative of future performance, and a ranking does not consider your goals, time horizon, taxes or existing portfolio.
Why compare several columns?
A high return with a deep fall or high volatility is a different experience from a steadier path to a similar return. Use the dashboard to rank by consistency, risk-adjusted return, SIP returns or your own weights.
Where does the data come from?
Daily NAVs and published returns from AMFI; scheme details from Scheme Summary Documents. Full methodology is on the MFIC Intelligence methodology section.
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Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
Past performance is not indicative of future performance. MFIC rankings are based on historical data and selected criteria and should not be interpreted as a guarantee of future performance. Integrato Financial Services Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-173155), not a SEBI-registered Investment Adviser; this page is analytical and educational and is not investment advice.