Mutual Fund Category AMFI: 'Income/Debt Oriented Schemes - Ultra Short Term Fund', 'Debt Scheme - Ultra Short Duration Fund'

Ultra Short Term Funds

Empirical historical performance, risk metrics vs benchmark, and constituent schemes rolling return analytics.

About this Category

Overview

Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months.

Goal

Safety of Capital over Income generation. These funds historically have been less volatile (less standard deviation).

Taxation

Taxed as debt.

Questions

How have these funds performed as a category vs inflation?
If you consider your tax rate do you get positive or negative returns after adjusting for inflation?
Compare returns of FDs vs these funds especially after considering premature withdrawal
What was impact of interest rate hike (and cut) on funds on the day it got announced, 1 month after the announcement and 120 days after the announcement, assuming there are no further announcements.

Analyze rolling returns, drawdowns, win/loss distributions, and risk metrics for the CATEGORY-ULTRA-SHORT-TERM-FUNDS benchmark series. View Ultra Short Term Funds Series Details

End Amount

₹24,793.63

Initial: ₹10000 (Lumpsum)

Category CAGR

6.80%

Ultra Short Term Funds Return

Benchmark CAGR

7.39%

Nifty 3 to 6 Month Rate

Inflation Adj. CAGR

1.86%

Real Annualized Return

Alpha

-0.01

Excess Return vs Benchmark

Beta

1.32

Volatility vs Benchmark

Sharpe Ratio

0.41

Risk-Adjusted Return

Sortino Ratio

0.46

Downside Risk-Adjusted Return

Ultra Short Term Funds vs Benchmark vs Inflation

Constituent Mutual Fund Schemes (27) Click column headers to sort by rolling return percentiles across 5-year and 10-year horizons.

Return statistics cached as of October 31, 2026 (cached version)

Scheme Name	2.5Th percentile return for 5 Years	Median percentile return for 5 Years	2.5Th percentile return for 10 Years	Median percentile return for 10 years
Aditya Birla Sun Life Ultra Short Term Fund - Growth - Direct Plan MF_119501	6.26%	6.76%	6.98%	7.35%
Axis Ultra Short Duration Fund - Direct Plan Growth MF_144754	6.11%	6.29%	-	-
BANDHAN ULTRA SHORT TERM FUND - DIRECT PLAN GROWTH MF_144173	5.68%	5.84%	-	-
BANK OF INDIA Ultra Short Term Fund- Direct Plan- Growth MF_119379	5.35%	6.17%	6.46%	6.90%
Baroda BNP Paribas Ultra Short Term Fund- Direct Plan- Growth MF_143508	5.79%	5.97%	-	-
CANARA ROBECO ULTRA SHORT TERM FUND - DIRECT PLAN - GROWTH OPTION MF_118317	5.31%	5.90%	6.12%	6.42%
DSP Ultra Short Term Fund - Direct Plan - Growth MF_119205	5.51%	6.23%	6.41%	6.65%
Franklin India Ultra Short Duration Fund - Direct - Growth MF_152825	-	-	-	-
HDFC Ultra Short Term Fund - Direct Plan-Growth Option MF_145034	6.02%	6.14%	-	-
HSBC Ultra Short Term Fund - Direct Growth MF_147908	-	-	-	-
ICICI Prudential Ultra Short Term Fund - Direct Plan - Growth MF_120676	6.40%	6.90%	7.19%	7.82%
ITI Ultra Short Term Fund - Direct Plan - Growth Option MF_148913	-	-	-	-
Invesco India Ultra Short Term Fund - Direct Plan - Growth MF_120541	5.80%	6.49%	6.74%	7.12%
JM Ultra Short Duration Fund - (Direct) - Growth Option MF_120458	5.78%	8.20%	-	-
Kotak Ultra Short Term Fund -Growth - Direct MF_119750	5.93%	6.49%	6.70%	7.04%
LIC MF Ultra Short Term Fund-Direct Plan-Growth MF_147772	-	-	-	-
Mahindra Manulife Ultra Short Term Fund - Direct Plan -Growth MF_147731	-	-	-	-
Mirae Asset Ultra Short-Term Fund - Direct Plan - Growth MF_148529	-	-	-	-
Motilal Oswal Ultra Short Term Fund (MOFUSTF) -Direct Plan- Growth MF_124234	1.83%	3.58%	4.09%	4.20%
Nippon India Ultra Short Term Fund- Direct Plan- Growth Option MF_143494	5.70%	7.01%	-	-
PGIM India Ultra Short Term Fund - Direct Plan - Growth MF_138358	5.88%	7.20%	7.18%	7.25%
SBI ULTRA SHORT TERM FUND - DIRECT PLAN - GROWTH MF_119828	5.79%	6.39%	6.57%	6.81%
Sundaram Ultra Short Term Fund Direct Plan - Growth MF_149539	-	-	-	-
Tata Ultra Short Term Fund-Direct Plan-Growth MF_146075	5.87%	6.09%	-	-
UTI Ultra Short Term Fund - Direct Plan - Growth Option MF_120746	5.68%	6.67%	6.56%	6.98%
Union Short Term Fund - Direct Plan - Growth Option MF_153242	-	-	-	-
WhiteOak Capital Ultra Short Term Fund- Direct plan-Growth Option MF_147311	-	-	-	-