Ultra Short Duration Mutual Funds
Ultra short term funds are mutual funds that invest in securities and instruments belonging to the fixed-income earning category, with maturities of up to six months. They are close to liquid funds as they offer more liquidity than any other fund category with long term investments. View More
Ultra Short Duration Mutual Funds List
| Fund Name | Fund Size (Cr.) | 3Y Returns | 5Y Returns | |
|---|---|---|---|---|
Nippon India USD Fund - Direct Growth
|
7,783 | 6.96% | 7.06% | |
AXIS Ultra Short Duration Fund - Direct Growth
|
6,057 | 6.78% | 6.12% | |
Aditya Birla SL Savings Fund - Direct Growth
|
16,278 | 6.76% | 6.30% | |
ICICI Pru Ultra Short Term Fund - Direct Growth
|
14,551 | 6.75% | 6.40% | |
Tata Ultra Short Term Fund - Direct Growth
|
4,001 | 6.69% | 5.93% | |
Baroda BNP Paribas Ultra Short Duration Fund-Dir Growth
|
1,339 | 6.67% | 5.85% | |
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Mirae Asset Ultra Short Duration Fund - Dir Growth
|
1,736 | 6.67% | - | |
Sundaram Ultra Short Duration Fund - Direct Growth
|
2,073 | 6.66% | 5.68% | |
DSP Ultra Short Fund - Direct Growth
|
3,062 | 6.63% | 5.78% | |
UTI-Ultra Short Duration Fund - Direct Growth
|
3,039 | 6.60% | 6.47% |
| Fund Name | 1Y Returns | Rating | Fund Size (Cr.) |
|---|---|---|---|
|
Nippon India USD Fund - Direct Growth
|
8.01% Fund Size (Cr.) - 7,783 |
||
|
AXIS Ultra Short Duration Fund - Direct Growth
|
7.90% Fund Size (Cr.) - 6,057 |
||
|
Aditya Birla SL Savings Fund - Direct Growth
|
8.05% Fund Size (Cr.) - 16,278 |
||
|
ICICI Pru Ultra Short Term Fund - Direct Growth
|
7.89% Fund Size (Cr.) - 14,551 |
||
|
Tata Ultra Short Term Fund - Direct Growth
|
7.85% Fund Size (Cr.) - 4,001 |
||
|
Baroda BNP Paribas Ultra Short Duration Fund-Dir Growth
|
7.67% Fund Size (Cr.) - 1,339 |
||
|
Mirae Asset Ultra Short Duration Fund - Dir Growth
|
7.92% Fund Size (Cr.) - 1,736 |
||
|
Sundaram Ultra Short Duration Fund - Direct Growth
|
7.77% Fund Size (Cr.) - 2,073 |
||
|
DSP Ultra Short Fund - Direct Growth
|
7.72% Fund Size (Cr.) - 3,062 |
||
|
UTI-Ultra Short Duration Fund - Direct Growth
|
7.83% Fund Size (Cr.) - 3,039 |
Who Should Invest in Ultra Short-Term Funds?
Features of Ultra Short Term Funds
Factors to consider while investing in Ultra Short Term Funds
Taxability of Ultra Short Term Funds
Risks Involved With Ultra Short Term Funds
Advantage of Ultra Short Term Mutual Funds
Popular Ultra Short Duration Mutual Funds
- Nippon India USD Fund - Direct Growth
- ₹ 100
- ₹ 7,7830
- 6.96%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 7,783
- 3Y Return
- 6.96%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 7,783
- 3Y Return
- 6.96%
- AXIS Ultra Short Duration Fund - Direct Growth
- ₹ 100
- ₹ 6,0570
- 6.78%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 6,057
- 3Y Return
- 6.78%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 6,057
- 3Y Return
- 6.78%
- Aditya Birla SL Savings Fund - Direct Growth
- ₹ 1000
- ₹ 16,2780
- 6.76%
- Min SIP Investment Amt
- ₹ ₹ 1000
- AUM (Cr.)
- ₹ 16,278
- 3Y Return
- 6.76%
- Min SIP Investment Amt
- ₹ ₹ 1000
- AUM (Cr.)
- ₹ 16,278
- 3Y Return
- 6.76%
- ICICI Pru Ultra Short Term Fund - Direct Growth
- ₹ 1000
- ₹ 14,5510
- 6.75%
- Min SIP Investment Amt
- ₹ ₹ 1000
- AUM (Cr.)
- ₹ 14,551
- 3Y Return
- 6.75%
- Min SIP Investment Amt
- ₹ ₹ 1000
- AUM (Cr.)
- ₹ 14,551
- 3Y Return
- 6.75%
- Tata Ultra Short Term Fund - Direct Growth
- ₹ 150
- ₹ 4,0010
- 6.69%
- Min SIP Investment Amt
- ₹ ₹ 150
- AUM (Cr.)
- ₹ 4,001
- 3Y Return
- 6.69%
- Min SIP Investment Amt
- ₹ ₹ 150
- AUM (Cr.)
- ₹ 4,001
- 3Y Return
- 6.69%
- Baroda BNP Paribas Ultra Short Duration Fund-Dir Growth
- ₹ 500
- ₹ 1,3390
- 6.67%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 1,339
- 3Y Return
- 6.67%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 1,339
- 3Y Return
- 6.67%
- Mirae Asset Ultra Short Duration Fund - Dir Growth
- ₹ 99
- ₹ 1,7360
- 6.67%
- Min SIP Investment Amt
- ₹ ₹ 99
- AUM (Cr.)
- ₹ 1,736
- 3Y Return
- 6.67%
- Min SIP Investment Amt
- ₹ ₹ 99
- AUM (Cr.)
- ₹ 1,736
- 3Y Return
- 6.67%
- Sundaram Ultra Short Duration Fund - Direct Growth
- ₹ 2000
- ₹ 2,0730
- 6.66%
- Min SIP Investment Amt
- ₹ ₹ 2000
- AUM (Cr.)
- ₹ 2,073
- 3Y Return
- 6.66%
- Min SIP Investment Amt
- ₹ ₹ 2000
- AUM (Cr.)
- ₹ 2,073
- 3Y Return
- 6.66%
- DSP Ultra Short Fund - Direct Growth
- ₹ 100
- ₹ 3,0620
- 6.63%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 3,062
- 3Y Return
- 6.63%
- Min SIP Investment Amt
- ₹ ₹ 100
- AUM (Cr.)
- ₹ 3,062
- 3Y Return
- 6.63%
- UTI-Ultra Short Duration Fund - Direct Growth
- ₹ 500
- ₹ 3,0390
- 6.60%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 3,039
- 3Y Return
- 6.60%
- Min SIP Investment Amt
- ₹ ₹ 500
- AUM (Cr.)
- ₹ 3,039
- 3Y Return
- 6.60%
FAQs
Open-ended debt mutual funds, known as ultra short-term funds, invest in securities with maturities between three and six months. Conservative investors who value dependable returns should choose these ETFs.
Capital gains from investing in ultra short-duration funds could be taxed. The holding period, the time you remain invested in this fund, determines the tax rate.
The STCG increases the investor’s income from these funds, and his income bracket determines his tax rate. Taxes on long-term capital gains (LTCG) from these funds are 20% after indexation and 10% without it.
Some of the top ultra short-term duration funds are ICICI Prudential Ultra Short-term fund growth, Aditya Birla Sun Life Savings- Growth, L&T Ultra Short Term Fund-Growth, Canara Robeco Ultra Short-term fund stable growth, UTI Ultra Short-term fund stable growth, PGIM India Ultra Short Duration Direct-growth, SBI Magnum Ultra Short Duration Fund Direct-growth, Invesco India Ultra Short-term fund direct-growth, Tata Ultra Short-term fund direct-growth, and Axis Ultra Short-term fund Direct-growth.
Some factors that need to be considered before investing in ultra-short duration funds are risk, return, cost, tax on gains, financial horizon, and financial targets.
Due to the short maturity of their underlying assets, ultra short-term debt funds, unlike other debt funds, are partially immune to interest rate threats. These funds are somewhat riskier than liquid funds, nevertheless.
When the fund manager includes low-credit rating securities in his investing strategy with the hope of future improvement, he may add credit risk. Additionally, the addition of government securities may cause the fund’s volatility to rise above expectations.
- Aggressive Hybrid
- Arbitrage
- Balanced Hybrid
- Banking and PSU
- Childrens
- Conservative Hybrid
- Contra
- Corporate Bond
- Credit Risk
- Dividend Yield
- Dynamic Asset
- Dynamic Bond
- ELSS
- Equity Savings
- Fixed Maturity Plans
- Flexi Cap
- Floater
- Focused
- FoFs Domestic
- FoFs Overseas
- Gilt Fund with 10 year
- Gilt
- Index
- Large & Mid Cap
- Large Cap
- Liquid
- Long Duration
- Low Duration
- Medium Duration
- Medium to Long Duration
- Mid Cap
- Money Market
- Multi Asset Allocation
- Multi Cap
- Overnight
- Passive ELSS
- Retirement
- Sectoral / Thematic
- Short Duration
- Small Cap
- Ultra Short Duration
- Value