Aditya Birla Sun Life Short Term Fund vs Nippon India Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Short Term Fund and Nippon India Short Term Fund are both Short Duration funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life Short Term Fund (Direct) returned 7.4% a year and Nippon India Short Term Fund (Direct) returned 7.4% a year. Aditya Birla Sun Life Short Term Fund charges 0.36% a year and Nippon India Short Term Fund 0.40% (Direct plans). Their portfolios overlap 10.7%: they hold 14 of the same securities.
Aditya Birla Sun Life Short Term Fund
Short Duration
- 3 year return
- 7.4%
- Expense ratio
- 0.36%
- NAV
- ₹55.18
Nippon India Short Term Fund
Short Duration
- 3 year return
- 7.4%
- Expense ratio
- 0.40%
- NAV
- ₹61.44
Which is better, Aditya Birla Sun Life Short Term or Nippon India Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Short Term returned more over 5 years: 6.8% a year against 6.6%.
- Nippon India Short Term returned more over 3 years: 7.4% a year against 7.4%.
- Aditya Birla Sun Life Short Term costs less: 0.36% a year against 0.40% (Direct plans).
- Nippon India Short Term swung less over 3 years: a standard deviation of 1.0% a year against 1.0%.
- Aditya Birla Sun Life Short Term fell less in its worst fall since 02-01-2013: −2.8% against −2.9%.
- Nippon India Short Term is the larger fund: ₹6,364 Cr against ₹5,966 Cr.
- Their portfolios overlap 10.7%: 14 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Short Term Fund | Nippon India Short Term Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Nippon India Mutual Fund |
| Category | Short Duration | Short Duration |
| AUM | ₹5,966 Cr (30-09-2026) | ₹6,364 Cr (30-09-2026) |
| NAV | ₹55.18 (Direct) | ₹61.44 (Direct) |
| Expense ratio (Direct) | 0.36% | 0.40% |
| Expense ratio (Regular) | 0.96% | 0.94% |
| Riskometer | Moderate | Moderate |
| Benchmark | NIFTY Short Duration Debt Index A-II | CRISIL Short Duration Debt A-II Index |
| Launch date | 09-05-2003 | 18-12-2002 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Kaustubh Gupta, Mohit Sharma | Vivek Sharma, Sushil Budhia |
| Exit load | Nil | Nil |
Aditya Birla Sun Life Short Term vs Nippon India Short Term: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Short Term Fund (Direct) | −0.14% | +0.22% | +2.48% | +4.57% | +7.42% | +6.76% | +7.38% |
| Nippon India Short Term Fund (Direct) | −0.19% | +0.16% | +2.46% | +4.43% | +7.43% | +6.60% | +7.18% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
Category average: the average of the 25 Short Duration funds, same plan type.
Aditya Birla Sun Life Short Term vs Nippon India Short Term: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Short Term | Nippon IndiaNippon India Short Term |
|---|---|---|
| 2026to date | +3.63% | +3.64% |
| 2025 | +8.40% | +8.50% |
| 2024 | +8.62% | +8.58% |
| 2023 | +7.61% | +7.53% |
| 2022 | +4.93% | +4.03% |
| 2021 | +4.54% | +5.26% |
Aditya Birla Sun Life Short Term vs Nippon India Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,620 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Short Term Fund (Direct)
Nippon India Short Term Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Short Term | 0.0 | 0.0 | 84.9 | 15.1 | 0.0 | 0.0 | 0.0 | 8.3% | 8.2% | 5.6% | 11.7% |
| Nippon India Short Term | 0.0 | 0.0 | 93.6 | 6.4 | 0.0 | 0.0 | 0.0 | 7.9% | 7.9% | 5.4% | 11.2% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
Aditya Birla Sun Life Short Term vs Nippon India Short Term: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Short TermAditya Birla Sun Life Short Term Fund (Direct) | ₹16,60,000 | ₹28,94,336 | ₹12,34,336 | 7.7% |
| Nippon India Short TermNippon India Short Term Fund (Direct) | ₹16,60,000 | ₹28,42,149 | ₹11,82,149 | 7.4% |
Aditya Birla Sun Life Short TermAditya Birla Sun Life Short Term Fund (Direct)
Nippon India Short TermNippon India Short Term Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Short Term vs Nippon India Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Short Term Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.57% | +4.43% |
| Standard deviation | 1.21% | 1.25% |
| Sharpe ratio | -0.56 | -0.65 |
| Sortino ratio | -0.77 | -0.91 |
| Maximum drawdown | −0.5% (21-05-2026) | −0.6% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Short Term Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.42% | +7.43% |
| Standard deviation | 0.99% | 0.98% |
| Sharpe ratio | 1.41 | 1.43 |
| Sortino ratio | 2.13 | 2.18 |
| Maximum drawdown | −0.5% (21-05-2026) | −0.6% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Short Term Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.76% | +6.60% |
| Standard deviation | 0.96% | 0.97% |
| Sharpe ratio | 1.00 | 0.82 |
| Sortino ratio | 1.43 | 1.14 |
| Maximum drawdown | −0.7% (06-05-2022) | −1.2% (09-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Short Term Fund (Direct) | Nippon India Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.35% | +7.92% |
| Standard deviation | 1.57% | 1.40% |
| Sharpe ratio | 1.47 | 1.34 |
| Sortino ratio | 2.27 | 1.93 |
| Maximum drawdown | −2.8% (26-03-2020) | −2.9% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Short Term Fund (Direct)
Nippon India Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Short Term Fund (Direct) | −2.8% | 06-03-2020 | 26-03-2020 | 17-04-2020 | 22 days | −0.3% |
| Nippon India Short Term Fund (Direct) | −2.9% | 19-06-2013 | 19-08-2013 | 19-09-2013 | 31 days | −0.4% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Short Term Fund (Direct)
Nippon India Short Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Short Term Fund (Direct)
Nippon India Short Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Short Term Fund (Direct)
Nippon India Short Term Fund (Direct)
Aditya Birla Sun Life Short Term vs Nippon India Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Short Term Fund, September 2026; Nippon India Short Term Fund, September 2026
Holdings in common
- Overlap
- 10.7%
- Held by both
- 14
- Only in Aditya Birla Sun Life Short Term
- 69
- Only in Nippon India Short Term
- 84
| Security | % of Aditya Birla Sun Life Short Term | % of Nippon India Short Term |
|---|---|---|
| Siddhivinayak Securitisation Trust (28/09/2030) | 3.68% | 1.50% |
| JTPM Metal Traders Ltd. (29/09/2028) (ZCB) | 3.21% | 1.27% |
| 8.42% Muthoot Finance Ltd. (26/07/2029) (FRN) | 1.67% | 1.26% |
| 7.48% National Bank for Agriculture and Rural Development (15/09/2028) | 5.00% | 1.17% |
| Shivshakti Securitisation Trust (28/09/2029) | 0.90% | 3.37% |
| 7.00% Small Industries Development Bank of India (04/06/2029) (FRN) | 0.84% | 2.36% |
| 7.53% National Bank for Agriculture and Rural Development (24/03/2028) | 1.92% | 0.78% |
| 7.22% Small Industries Development Bank of India (10/04/2029) | 1.40% | 0.77% |
| 6.64% Power Finance Corporation Ltd. (15/07/2030) | 2.01% | 0.53% |
| Corporate Debt Mkt Devp. Fund-A2 | 0.52% | 0.44% |
| 7.49% Small Industries Development Bank of India (11/06/2029) | 0.42% | 1.17% |
| 6.78% Indian Railway Finance Corporation Ltd. (30/04/2030) | 0.40% | 0.76% |
| Jubilant Beverages Ltd. (31/05/2028) (ZCB) | 0.26% | 1.67% |
| 7.45% Bharti Telecom Ltd. (15/12/2028) | 0.16% | 0.77% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.7% means 10.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Short Term Fund
| Security | % of fund |
|---|---|
| 7.35% Bharti Telecom Ltd. (15/10/2027) | 6.08% |
| REC Ltd. (19/03/2027) | 4.87% |
| HDFC Bank Ltd. (15/01/2027) | 4.11% |
| Jubilant Bevco Ltd. (31/05/2028) (ZCB) | 3.58% |
| 6.65% Indian Railway Finance Corporation Ltd. (20/05/2030) | 3.24% |
Largest holdings only in Nippon India Short Term Fund
| Security | % of fund |
|---|---|
| 7.44% Power Finance Corporation Limited | 3.72% |
| National Bank For Agriculture and Rural Development | 2.70% |
| 8.97% Government of India | 2.53% |
| 7.54% Knowledge Realty Trust | 2.49% |
| 8.71% GMR Hyderabad International Airport Limited | 2.36% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Short Term | Nippon India Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 89.1% | 96.0% |
| Cash and others | 10.9% | 4.0% |
Aditya Birla Sun Life Short Term vs Nippon India Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Short Term Fund | Nippon India Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.36% | 0.40% |
| Base expense ratio (Direct) | 0.30% | 0.33% |
| Total expense ratio (Regular) | 0.96% | 0.94% |
| Base expense ratio (Regular) | 0.81% | 0.79% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Short Term with
Aditya Birla Sun Life Short Term Fund vs Nippon India Short Term Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Short Term Fund and Nippon India Short Term Fund?
Both are Short Duration funds, run by Aditya Birla Sun Life Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 10.7%. Aditya Birla Sun Life Short Term Fund charges 0.36% a year and Nippon India Short Term Fund 0.40%.
Which has given higher returns, Aditya Birla Sun Life Short Term Fund or Nippon India Short Term Fund?
Over 1 year: Aditya Birla Sun Life Short Term Fund +4.57%, Nippon India Short Term Fund +4.43%. Over 3 years: Aditya Birla Sun Life Short Term Fund +7.42% a year, Nippon India Short Term Fund +7.43% a year. Over 5 years: Aditya Birla Sun Life Short Term Fund +6.76% a year, Nippon India Short Term Fund +6.60% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Short Term Fund or Nippon India Short Term Fund?
Aditya Birla Sun Life Short Term Fund charges less: 0.36% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Short Term Fund and Nippon India Short Term Fund overlap?
10.7%. They hold 14 of the same securities, the largest shared ones being Siddhivinayak Securitisation Trust (28/09/2030), JTPM Metal Traders Ltd. (29/09/2028) (ZCB), 8.42% Muthoot Finance Ltd. (26/07/2029) (FRN). From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Short Term Fund or Nippon India Short Term Fund?
On SEBI's riskometer, Aditya Birla Sun Life Short Term Fund is rated Moderate and Nippon India Short Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 0.99% and 0.98% a year.
Which is better for SIP, Aditya Birla Sun Life Short Term Fund or Nippon India Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,28,180 in Aditya Birla Sun Life Short Term Fund (XIRR 6.9% a year) and ₹7,27,207 in Nippon India Short Term Fund (XIRR 6.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Short Term Fund and Nippon India Short Term Fund?
Yes. 10.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Short Term Fund and Nippon India Short Term Fund?
Aditya Birla Sun Life Short Term Fund: Kaustubh Gupta, Mohit Sharma. Nippon India Short Term Fund: Vivek Sharma, Sushil Budhia.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.