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ICICI Prudential Ultra Short to Short Term Fund - Direct Plan - Daily IDCW

To generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.Read more

AMC websiteScheme documentsNAV history (AMFI)हिंदी में

ICICI Prudential Mutual FundUltra Short Duration FundsDirect · IDCW (income distribution)Riskometer: Low to Moderate Risk
NAV · 16 Oct 2026₹105.6536▼ 0.02% (1 day)
  • Current NAV₹105.6536
  • Fund Size (AUM)₹ 18,781 Cr.
  • Expense Ratio0.42 %
  • 1Y Return-0.08%
  • 3Y Return (CAGR)-0.03%
  • 5Y Return (CAGR)0.00%
  • Category Rank (3Y)—
  • RiskometerLow to Moderate Risk
  • Min. SIP / Lump sum₹ 100 / ₹ 100
More figures (11)
  • Since Launch (CAGR)-0.01%
  • Benchmark—
  • Volatility (3Y)0.23 %
  • Sharpe Ratio (3Y)-28.53
  • Beta (3Y)—
  • 52-week High / Low₹105.7565 / ₹105.5100
  • Max Drawdown-1.6 %
  • Launched1 Jan 2013
  • Lock-inNone
  • Portfolio Turnover—
  • Fund ManagersNikhil Kabra, Darshil Dedhia

Performance chart

Past performance may or may not be sustained in future.

Quick take

  • Over 5 years it returned 0.0% a year.
  • Volatility over 3 years was 0.2% a year, with a Sharpe ratio of -28.53.
  • Its biggest fall from a peak was 1.6% (30 Apr 2019 to 24 Mar 2020).
  • Across all 3-year periods since launch, yearly returns ranged from -0.4% to 0.6% and were positive 12% of the time.
  • Expense ratio 0.42%, fund size ₹18,781 crore.

Pros

  • Long track record of 13.8 years since 2 Jan 2013.

Cons

  • Returns were negative in 88% of all 3-year periods since launch.
  • Expense ratio of 0.42% is above the category median of 0.34%.

Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language.

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Returns vs benchmark and category

Returns (%)1W1M3M6MYTD1Y2Y3Y5Y7Y10YSince launch
This fund-0.08%0.00%-0.08%-0.08%-0.08%-0.08%-0.04%-0.03%0.00%-0.01%-0.01%-0.01%

Point-to-point NAV returns as on 16 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-0.08%0.00%0.00%0.00%+0.11%-0.11%0.00%0.00%0.00%+0.04%-0.04%

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

Month-by-month returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDecYear
20260.00.00.0-0.10.00.00.00.00.0-0.1
20250.00.00.1-0.10.00.00.00.00.00.00.00.00.0
20240.00.00.1-0.10.00.00.00.00.00.00.00.00.0
20230.00.00.00.00.00.00.00.00.00.00.00.00.0
20220.1-0.20.20.0-0.1-0.20.30.00.00.00.00.00.1
20210.00.0-0.10.10.00.00.00.00.0-0.10.1-0.1-0.1
20200.0-0.10.1-0.40.40.00.00.00.00.00.00.00.0
20190.00.00.00.00.00.00.00.00.00.00.00.00.0
20180.00.00.0-0.20.20.00.00.00.00.00.00.00.0
20170.00.00.00.00.00.00.00.00.00.00.00.00.0

Change in NAV from the last business day of one month to the last business day of the next. Positive in 22 of 118 months shown (19%). "Year" is shown for complete calendar years.

Risk and consistency

Risk measure3 years5 years
Volatility (standard deviation) ?0.23%0.39%
Sharpe ratio ?-28.53-16.64
Sortino ratio ?-14.06-12.13
Maximum drawdown-0.27%-0.61%

Rolling 3-year returns (yearly)

Lowest-0.41%
Median0.00%
Highest+0.55%
Positive12% of periods
Above 12% a year0% of periods

Rolling 5-year returns (yearly)

Lowest-0.33%
Median0.00%
Highest+0.33%
Positive7% 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₹1,19,931₹-69-0.11%
3Y₹3,60,000₹3,59,749₹-251-0.05%
5Y₹6,00,000₹5,99,648₹-352-0.02%
10Y₹12,00,000₹11,99,357₹-643-0.01%

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.

What your investment would be worth

Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.

Compare with all Ultra Short Duration Funds (51)

S.No.Scheme (Direct plans, Growth)6M %1Y %3Y % CAGR5Y % CAGRExpense ratio %Fund size ₹ Cr
1.Aditya Birla Sun Life Ultra Short Term FundAditya Birla Sun Life Mutual Fund————0.3216,279
2.Aditya Birla Sun Life Ultra short to short term FundAditya Birla Sun Life Mutual Fund————0.429,185
3.Axis Ultra Short Term FundAxis Mutual Fund————0.364,996
4.Axis Ultra Short to Short Term FundAxis Mutual Fund————0.374,563
5.Bajaj Finserv Ultra Short to Short Term FundBajaj Finserv Mutual Fund——————
6.BANDHAN ULTRA SHORT TERM FUNDBandhan Mutual Fund————0.304,098
7.BANDHAN ULTRA SHORT TO SHORT TERM FUNDBandhan Mutual Fund————0.376,342
8.BANK OF INDIA ULTRA SHORT TERM FUNDBank of India Mutual Fund————0.45196
9.Baroda BNP Paribas Ultra Short Term FundBaroda BNP Paribas Mutual Fund————0.28596
10.BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUNDBaroda BNP Paribas Mutual Fund————0.28330
11.Canara Robeco Ultra Short Term FundCanara Robeco Mutual Fund————0.36529
12.Canara Robeco Ultra Short to Short Term FundCanara Robeco Mutual Fund————0.211,113
13.DSP Ultra Short Term FundDSP Mutual Fund————0.304,425
14.DSP Ultra Short to Short Term FundDSP Mutual Fund————0.314,455
15.Edelweiss Ultra Short Term FundEdelweiss Mutual Fund——————
16.Edelweiss Ultra Short to Short Term FundEdelweiss Mutual Fund——————
17.Franklin India Ultra Short Term FundFranklin Templeton Mutual Fund————0.29300
18.Franklin India Ultra Short to Short Term FundFranklin Templeton Mutual Fund——————
19.HDFC Ultra Short Term FundHDFC Mutual Fund————0.3915,675
20.HDFC Ultra Short to Short Term FundHDFC Mutual Fund————0.4616,513
21.HSBC Ultra Short to Short Term FundHSBC Mutual Fund————0.40847
22.ICICI Prudential Ultra Short term FundICICI Prudential Mutual Fund————0.4115,236
23.ICICI Prudential Ultra Short to Short Term FundICICI Prudential Mutual Fund————0.4218,781
24.Invesco India Ultra Short Term FundInvesco Mutual Fund————0.271,525
25.Invesco India Ultra Short to Short Term FundInvesco Mutual Fund————0.351,714
26.ITI Ultra Short Term FundITI Mutual Fund————0.21167
27.JioBlackRock Ultra Short to Short Term FundJio BlackRock Mutual Fund——————
28.JM Ultra Short to Short Term FundJM Financial Mutual Fund————0.40236
29.Kotak Ultra Short Term FundKotak Mahindra Mutual Fund————0.3615,261
30.Kotak Ultra Short to Short Term FundKotak Mahindra Mutual Fund————0.4012,566
31.LIC MF Ultra Short Term FundLIC Mutual Fund————0.251,420
32.LIC MF Ultra Short to Short Term fundLIC Mutual Fund————0.241,900
33.Mahindra Manulife Ultra Short Term FundMahindra Manulife Mutual Fund————0.31205
34.Mahindra Manulife Ultra Short to Short Term FundMahindra Manulife Mutual Fund————0.34497
35.Mirae Asset Ultra Short to Short Term FundMirae Asset Mutual Fund————0.222,290
36.Mirae Asset Ultra Short-Term FundMirae Asset Mutual Fund————0.231,808
37.Motilal Oswal Ultra Short Term FundMotilal Oswal Mutual Fund————0.25534
38.Nippon India Ultra Short Term FundNippon India Mutual Fund————0.3411,551
39.Nippon India Ultra Short to Short Term FundNippon India Mutual Fund————0.407,096
40.PGIM India Ultra Short Term FundPGIM India Mutual Fund————0.34232
41.SBI ULTRA SHORT TERM FUNDSBI Mutual Fund————0.3511,237
42.SBI Ultra Short to Short Term FundSBI Mutual Fund————0.4410,942
43.Sundaram Ultra Short Term Fund (Formerly Known as Sundaram Ultra Short Duration Fund)Sundaram Mutual Fund————0.192,108
44.Sundaram Ultra Short to Short Term Fund (Formerly Known as Sundaram Low Duration Fund)Sundaram Mutual Fund————0.40381
45.Tata Ultra Short Term FundTata Mutual Fund————0.335,404
46.Tata Ultra Short to Short Term FundTata Mutual Fund————0.272,727
47.Union Short Term FundUnion Mutual Fund——————
48.Union Ultra Short to Short Term FundUnion Mutual Fund——————
49.UTI Ultra Short Term FundUTI Mutual Fund————0.403,017
50.UTI Ultra Short to Short Term FundUTI Mutual Fund————0.332,604
51.WhiteOak Capital Ultra Short Term FundWhiteOak Capital Mutual Fund————0.27549
Median: 51 schemes————0.342,447

Detailed comparison with another fund About Ultra Short Duration Funds

Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.

Scheme details

Investment objective
To generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Fund managers
Nikhil Kabra, Darshil Dedhia
Fund house
ICICI Prudential Mutual Fund
Category
Ultra Short Duration Funds · Debt
Plan / option
Direct · IDCW (income distribution)
AMFI scheme code
120397
ISIN
INF109K01O66
Scheme documents
SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.

Tax on your gains

Tax treatment depends on what the fund holds: equity-oriented if at least 65% is in Indian shares (directly or through equity funds), debt-oriented if over 65% is in debt, otherwise the "other" rules.

  • Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
  • Switching from one scheme or plan to another counts as selling and buying.
  • Surcharge and 4% health and education cess apply on top of these rates.
Fund typeShort-termLong-term
Equity-oriented20% (up to 12 months)12.5% above ₹1.25 lakh
Debt-oriented (bought from Apr 2023)Slab rateSlab rate
Gold, international, other hybridSlab rate12.5% (after 12 or 24 months)

Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.

Fund managers

NK
DD

From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.

Latest news: ICICI Prudential Mutual Fund

Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.

Questions about this scheme

What is the NAV of ICICI Prudential Ultra Short to Short Term Fund today?
The latest NAV of ICICI Prudential Ultra Short to Short Term Fund - Direct Plan - Daily IDCW is ₹105.6536 as on 16 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has ICICI Prudential Ultra Short to Short Term Fund given?
As on 16 Oct 2026: 1 year -0.08%, 3 years -0.03% a year, 5 years 0.00% a year. Past returns may or may not be sustained in future.
What is the expense ratio of ICICI Prudential Ultra Short to Short Term Fund?
The expense ratio of the Direct plan is 0.42% (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 0.2% a year and its biggest fall from a peak was 0.3%. 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.
How are gains from ICICI Prudential Ultra Short to Short Term Fund taxed?
It depends on how much the fund holds in Indian shares; see the tax section on this page and confirm with your tax adviser.
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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