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DSP Ultra Short Term Fund - Direct Plan - Growth

DSP Mutual FundUltra Short Duration FundsDirect · GrowthRiskometer: Low to Moderate Risk
NAV · 15 Oct 2026₹4,023.64▼ 0.03% (1 day)
Fund size (AUM) ₹4,425 Cr
Expense ratio 0.30%
1Y return+6.59%
3Y return (CAGR)+7.38%
5Y return (CAGR)+6.69%
Since launch (CAGR)+7.12%
Category rank (3Y) —
Volatility (3Y) 0.40%
Sharpe ratio (3Y) 2.17
Beta (3Y) —
52-week range₹3,774.90 – ₹4,025.06
Min. SIP / lump sum₹100 / ₹100
Launched1 Jan 2013
Lock-inNone
Portfolio turnover —
Max drawdown -1.1%

Performance chart

Past performance may or may not be sustained in future.

Quick take

  • Over 5 years it returned 6.7% a year.
  • Volatility over 3 years was 0.4% a year, with a Sharpe ratio of 2.17.
  • Its biggest fall from a peak was 1.1% (17 Dec 2018 to 18 Dec 2018).
  • Across all 3-year periods since launch, yearly returns ranged from 4.6% to 9.3% and were positive 100% of the time.
  • Expense ratio 0.30%, fund size ₹4,425 crore.

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Returns vs benchmark and category

Returns (%)1W1M3M6MYTD1Y2Y3Y5Y7Y10YSince launch
This fund+0.05%+0.43%+1.66%+3.33%+5.26%+6.59%+7.15%+7.38%+6.69%+6.15%+6.40%+7.12%

Point-to-point NAV returns as on 15 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Ultra Short Duration Funds. Q1 = top quarter by return over that period.

Calendar-year returns

Year2026 YTD2025202420232022202120202019201820172016
This fund+5.26%+7.47%+7.69%+7.46%+4.85%+3.60%+5.46%+8.11%+5.80%+6.84%+8.22%

January to December each year; the current year is to date.

Risk and consistency

Risk measure3 years5 years
Volatility (standard deviation) ?0.40%0.38%
Sharpe ratio ?2.170.50
Sortino ratio ?4.160.84
Maximum drawdown-0.10%-0.21%

Rolling 3-year returns (yearly)

Lowest+4.55%
Median+6.95%
Highest+9.28%
Positive100% of periods
Above 12% a year0% of periods

Rolling 5-year returns (yearly)

Lowest+5.49%
Median+6.23%
Highest+8.52%
Positive100% of periods
Above 12% a year0% of periods

Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.

SIP returns: ₹10,000 every month

SIP forInvestedValue todayGainXIRR
1Y₹1,20,000₹1,24,380₹4,380+6.81%
3Y₹3,60,000₹4,00,978₹40,978+7.12%
5Y₹6,00,000₹7,18,507₹1,18,507+7.14%
10Y₹12,00,000₹16,73,496₹4,73,496+6.47%

A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.

Compare with all Ultra Short Duration Funds (51)

About Ultra Short Duration Funds
Scheme (Direct plans, Growth)NAV1M6M1Y3Y5Y
Aditya Birla Sun Life Ultra Short Term Fund - Direct Plan - GROWTHAditya Birla Sun Life Mutual Fund₹606.9555—————
Aditya Birla Sun Life Ultra short to short term Fund - Direct Plan - GROWTHAditya Birla Sun Life Mutual Fund₹786.3303—————
Axis Ultra Short Term Fund - Direct Plan - Growth OptionAxis Mutual Fund₹17.0061—————
Axis Ultra Short to Short Term Fund - Direct Plan - Growth OptionAxis Mutual Fund₹3,516.17—————
Bajaj Finserv Ultra Short to Short Term Fund - Direct Plan - GrowthBajaj Finserv Mutual Fund₹1,040.03—————
BANDHAN ULTRA SHORT TERM FUND - Direct Plan - GrowthBandhan Mutual Fund₹16.7072—————
BANDHAN ULTRA SHORT TO SHORT TERM FUND - Direct Plan - GrowthBandhan Mutual Fund₹42.6869—————
BANK OF INDIA ULTRA SHORT TERM FUND - Direct Plan - GrowthBank of India Mutual Fund₹3,544.27—————
Baroda BNP Paribas Ultra Short Term Fund - Direct Plan - Growth OptionBaroda BNP Paribas Mutual Fund₹1,695.97—————
BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUND - Direct Plan - Growth OptionBaroda BNP Paribas Mutual Fund₹47.5579—————
Canara Robeco Ultra Short Term Fund - Direct Plan - GROWTH OPTIONCanara Robeco Mutual Fund₹4,381.53—————
Canara Robeco Ultra Short to Short Term Fund - Direct Plan - GROWTH OPTIONCanara Robeco Mutual Fund₹46.8717—————
DSP Ultra Short Term Fund - Direct Plan - GrowthDSP Mutual Fund₹4,023.64—————
DSP Ultra Short to Short Term Fund - Direct Plan - GrowthDSP Mutual Fund₹22.0798—————
Edelweiss Ultra Short Term Fund - Direct Plan - GrowthEdelweiss Mutual Fund₹1,008.67—————
Edelweiss Ultra Short to Short Term Fund - Direct Plan - GrowthEdelweiss Mutual Fund₹1,109.50—————
Franklin India Ultra Short Term Fund - Direct Plan - GrowthFranklin Templeton Mutual Fund₹11.5829—————
Franklin India Ultra Short to Short Term Fund - Direct Plan - GrowthFranklin Templeton Mutual Fund₹11.1936—————
HDFC Ultra Short Term Fund - Direct Plan - Growth OptionHDFC Mutual Fund₹16.7783—————
HDFC Ultra Short to Short Term Fund - Direct Plan - Growth OptionHDFC Mutual Fund₹67.7512—————
HSBC Ultra Short to Short Term Fund - Direct Plan - GrowthHSBC Mutual Fund₹32.7720—————
ICICI Prudential Ultra Short term Fund - Direct Plan - GrowthICICI Prudential Mutual Fund₹32.5675—————
ICICI Prudential Ultra Short to Short Term Fund - Direct Plan - GrowthICICI Prudential Mutual Fund₹597.1423—————
Invesco India Ultra Short Term Fund - Direct Plan - GrowthInvesco Mutual Fund₹3,130.03—————
Invesco India Ultra Short to Short Term Fund - Direct Plan - GrowthInvesco Mutual Fund₹4,253.97—————
ITI Ultra Short Term Fund - Direct Plan - Growth OptionITI Mutual Fund₹1,386.66—————
JioBlackRock Ultra Short to Short Term Fund - Direct Plan - Growth OptionJio BlackRock Mutual Fund₹1,044.65—————
JM Ultra Short to Short Term Fund - Direct Plan - Growth OptionJM Financial Mutual Fund₹41.1809—————
Kotak Ultra Short Term Fund - Direct Plan - GrowthKotak Mahindra Mutual Fund₹48.7231—————
Kotak Ultra Short to Short Term Fund - Direct Plan - Growth OptionKotak Mahindra Mutual Fund₹3,947.42—————
LIC MF Ultra Short Term Fund - Direct Plan - GrowthLIC Mutual Fund₹1,468.13—————
LIC MF Ultra Short to Short Term fund - Direct Plan - GrowthLIC Mutual Fund₹46.4858—————
Mahindra Manulife Ultra Short Term Fund - Direct Plan - GrowthMahindra Manulife Mutual Fund₹1,530.46—————
Mahindra Manulife Ultra Short to Short Term Fund - Direct Plan - GrowthMahindra Manulife Mutual Fund₹1,900.57—————
Mirae Asset Ultra Short to Short Term Fund - Direct Plan - GrowthMirae Asset Mutual Fund₹2,664.56—————
Mirae Asset Ultra Short-Term Fund - Direct Plan - GrowthMirae Asset Mutual Fund₹1,437.56—————
Motilal Oswal Ultra Short Term Fund - Direct Plan - GrowthMotilal Oswal Mutual Fund₹18.8333—————
Nippon India Ultra Short Term Fund - Direct Plan - Growth OptionNippon India Mutual Fund₹4,845.23—————
Nippon India Ultra Short to Short Term Fund - Direct Plan - Growth OptionNippon India Mutual Fund₹4,305.04—————
PGIM India Ultra Short Term Fund - Direct Plan - Direct GrowthPGIM India Mutual Fund₹38.5495—————
SBI ULTRA SHORT TERM FUND - Direct Plan - GrowthSBI Mutual Fund₹6,591.94—————
SBI Ultra Short to Short Term Fund - Direct Plan - GrowthSBI Mutual Fund₹3,922.61—————
Sundaram Ultra Short Term Fund (Formerly Known as Sundaram Ultra Short Duration Fund) - Direct Plan - GROWTHSundaram Mutual Fund₹3,179.39—————
Sundaram Ultra Short to Short Term Fund (Formerly Known as Sundaram Low Duration Fund) - Direct Plan - GROWTHSundaram Mutual Fund₹4,007.59—————
Tata Ultra Short Term Fund - Direct Plan - Growth OptionTata Mutual Fund₹16.2457—————
Tata Ultra Short to Short Term Fund - Direct Plan - Growth OptionTata Mutual Fund₹4,378.92—————
Union Short Term Fund - Direct Plan - Growth OptionUnion Mutual Fund₹11.0625—————
Union Ultra Short to Short Term Fund - Direct Plan - Growth OptionUnion Mutual Fund₹10.7161—————
UTI Ultra Short Term Fund - Direct Plan - GrowthUTI Mutual Fund₹4,940.43—————
UTI Ultra Short to Short Term Fund - Direct Plan - GrowthUTI Mutual Fund₹3,898.37—————
WhiteOak Capital Ultra Short Term Fund - Direct Plan - Growth OptionWhiteOak Capital Mutual Fund₹1,526.20—————

Sorted by 3-year return; tap a heading to sort. Sorting by past returns is a way to explore data, not a ranking of which fund to choose. 3Y and 5Y are yearly (CAGR).

Scheme details

Investment objective
An Open ended income Scheme, seeking to generate returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities. There is no assurance that the investment objective of the Scheme will be realized.
Fund managers
Karan Mundhra, Shalini Vasanta
Fund house
DSP Mutual Fund
Category
Ultra Short Duration Funds · Debt
Plan / option
Direct · Growth
AMFI scheme code
119205
ISIN
INF740K01ON5
Scheme documents
SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.

Questions about this scheme

What is the NAV of DSP Ultra Short Term Fund today?
The latest NAV of DSP Ultra Short Term Fund - Direct Plan - Growth is ₹4,023.64 as on 15 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has DSP Ultra Short Term Fund given?
As on 15 Oct 2026: 1 year +6.59%, 3 years +7.38% a year, 5 years +6.69% a year. Past returns may or may not be sustained in future.
What is the expense ratio of DSP Ultra Short Term Fund?
The expense ratio of the Direct plan is 0.30% (as of Aug 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Low to Moderate Risk. Over 3 years its volatility was 0.4% a year and its biggest fall from a peak was 0.1%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Ultra Short Duration Funds?
Ultra Short Duration Funds hold debt with a Macaulay duration of 3 to 6 months.
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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