Aditya Birla Sun Life Ultra Short Term Fund vs Nippon India Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Ultra Short Term Fund and Nippon India Ultra Short Term Fund are both Ultra Short funds. Aditya Birla Sun Life Ultra Short Term Fund charges 0.32% a year and Nippon India Ultra Short Term Fund 0.33% (Direct plans). Their portfolios overlap 12.8%: they hold 23 of the same securities.
Aditya Birla Sun Life Ultra Short Term Fund
Ultra Short
- Expense ratio
- 0.32%
- NAV
- ₹607.54
Nippon India Ultra Short Term Fund
Ultra Short
- Expense ratio
- 0.33%
- NAV
- ₹4,851.45
Which is better, Aditya Birla Sun Life Ultra Short Term or Nippon India Ultra 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 Ultra Short Term costs less: 0.32% a year against 0.33% (Direct plans).
- Nippon India Ultra Short Term swung less over 3 years: a standard deviation of 0.4% a year against 0.4%.
- Aditya Birla Sun Life Ultra Short Term fell less in its worst fall since 21-05-2018: −1.2% against −5.2%.
- Aditya Birla Sun Life Ultra Short Term is the larger fund: ₹16,279 Cr against ₹11,551 Cr.
- Their portfolios overlap 12.8%: 23 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 Ultra Short Term Fund | Nippon India Ultra Short Term Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Nippon India Mutual Fund |
| Category | Ultra Short | Ultra Short |
| AUM | ₹16,279 Cr (30-09-2026) | ₹11,551 Cr (30-09-2026) |
| NAV | ₹607.54 (Direct) | ₹4,851.45 (Direct) |
| Expense ratio (Direct) | 0.32% | 0.33% |
| Expense ratio (Regular) | 0.58% | 1.05% |
| Riskometer | Moderate | Moderately High |
| Benchmark | NIFTY Ultra Short Duration Debt Index A-I | CRISIL Ultra Short Duration Debt A-I Index |
| Launch date | 15-04-2003 | 07-12-2001 |
| Minimum investment | ₹1,000 | ₹10,000 |
| Lock in | None | None |
| Fund managers | Kaustubh Gupta, Sunaina Da Cunha, Monika Gandhi | Vivek Sharma |
| Exit load | Nil | Nil |
Aditya Birla Sun Life Ultra Short Term vs Nippon India Ultra 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 Ultra Short Term Fund (Direct) | +0.35% | +1.46% | +3.25% | +6.36% | +7.41% | +6.80% | +6.95% |
| Nippon India Ultra Short Term Fund (Direct) | -- | -- | -- | -- | -- | -- | -- |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | +6.82% | +6.27% | +6.43% |
Category average: the average of the 26 Ultra Short funds, same plan type.
Aditya Birla Sun Life Ultra Short Term vs Nippon India Ultra Short Term: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Ultra Short Term | Nippon IndiaNippon India Ultra Short Term |
|---|---|---|
| 2026to date | +5.27% | -- |
| 2025 | +7.64% | -- |
| 2024 | +8.08% | -- |
| 2023 | +7.39% | -- |
| 2022 | +4.94% | -- |
| 2021 | +4.06% | -- |
Aditya Birla Sun Life Ultra Short Term vs Nippon India Ultra Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,321 of them, one for each trading day from 21-05-2021 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 Ultra Short Term Fund (Direct)
Nippon India Ultra Short Term Fund (Direct)
to
Oct 2021Sept 2019
to
Sept 2022Sept 2020
to
Sept 2023Aug 2021
to
Aug 2024Jul 2022
to
Jul 2025May 2023
to
May 2026
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 Ultra Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.5% | 5.2% | 7.8% |
| Nippon India Ultra Short Term | 0.0 | 3.4 | 96.6 | 0.0 | 0.0 | 0.0 | 0.0 | 6.8% | 7.1% | 4.8% | 7.8% |
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 21-05-2018. Past returns do not promise future returns.
Aditya Birla Sun Life Ultra Short Term vs Nippon India Ultra 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 02-05-2018 to 30-10-2026: 102 instalments, ₹10,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Ultra Short TermAditya Birla Sun Life Ultra Short Term Fund (Direct) | ₹10,20,000 | ₹13,69,223 | ₹3,49,223 | 6.8% |
| Nippon India Ultra Short TermNippon India Ultra Short Term Fund (Direct) | ₹10,20,000 | ₹13,81,520 | ₹3,61,520 | 7.0% |
Aditya Birla Sun Life Ultra Short TermAditya Birla Sun Life Ultra Short Term Fund (Direct)
Nippon India Ultra Short TermNippon India Ultra 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 Ultra Short Term vs Nippon India Ultra 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 Ultra Short Term Fund (Direct) | Nippon India Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.36% | +6.77% |
| Standard deviation | 0.50% | 0.44% |
| Sharpe ratio | 2.24 | 3.48 |
| Sortino ratio | 3.54 | 6.02 |
| Maximum drawdown | −0.1% (21-05-2026) | −0.1% (08-07-2026) |
| 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 Ultra Short Term Fund (Direct) | Nippon India Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.41% | +7.50% |
| Standard deviation | 0.42% | 0.38% |
| Sharpe ratio | 3.30 | 3.92 |
| Sortino ratio | 6.20 | 8.05 |
| Maximum drawdown | −0.1% (21-05-2026) | −0.1% (08-07-2026) |
| 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 Ultra Short Term Fund (Direct) | Nippon India Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.80% | +7.01% |
| Standard deviation | 0.41% | 0.37% |
| Sharpe ratio | 2.42 | 3.30 |
| Sortino ratio | 4.02 | 6.31 |
| Maximum drawdown | −0.3% (06-05-2022) | −0.2% (06-05-2022) |
| 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 Ultra Short Term Fund (Direct) | Nippon India Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.65% | +6.58% |
| Standard deviation | 0.63% | 2.03% |
| Sharpe ratio | 2.54 | 0.64 |
| Sortino ratio | 4.49 | 0.74 |
| Maximum drawdown | −1.2% (24-03-2020) | −5.2% (25-09-2019) |
| 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 Ultra Short Term Fund (Direct)
Nippon India Ultra 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 Ultra Short Term Fund (Direct) | −1.2% | 05-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| Nippon India Ultra Short Term Fund (Direct) | −5.2% | 12-09-2019 | 25-09-2019 | 01-06-2020 | 8 months | 0.0% |
From daily values since 21-05-2018, 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 Ultra Short Term Fund (Direct)
Nippon India Ultra 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 Ultra Short Term Fund (Direct)
Nippon India Ultra 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 Ultra Short Term Fund (Direct)
Nippon India Ultra Short Term Fund (Direct)
Aditya Birla Sun Life Ultra Short Term vs Nippon India Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Ultra Short Term Fund, September 2026; Nippon India Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 12.8%
- Held by both
- 23
- Only in Aditya Birla Sun Life Ultra Short Term
- 114
- Only in Nippon India Ultra Short Term
- 94
| Security | % of Aditya Birla Sun Life Ultra Short Term | % of Nippon India Ultra Short Term |
|---|---|---|
| National Bank for Agriculture and Rural Development (18/03/2027) | 4.55% | 2.73% |
| National Bank for Agriculture and Rural Development (17/02/2027) | 5.99% | 1.69% |
| Small Industries Development Bank of India (11/06/2027) | 0.88% | 2.18% |
| 9.31% Vedanta Ltd. (03/12/2027) | 0.84% | 2.23% |
| 9.15% Piramal Finance Ltd. (17/06/2027) | 0.92% | 0.83% |
| Small Industries Development Bank of India (14/01/2027) | 0.75% | 1.27% |
| Canara Bank (02/02/2027) | 0.75% | 1.69% |
| Axis Bank Ltd. (14/01/2027) | 0.69% | 0.93% |
| 8.50% Nirma Ltd. (07/04/2027) | 0.62% | 3.00% |
| Small Industries Development Bank of India (18/02/2027) | 0.60% | 1.26% |
| 8.35% SMFG India Home Finance Co. Ltd. (15/01/2027) | 0.61% | 0.43% |
| Axis Bank Ltd. (27/11/2026) | 0.30% | 0.86% |
| Corporate Debt Mkt Devp. Fund-A2 | 0.42% | 0.27% |
| 8.42% Godrej Industries Ltd. (27/12/2027) | 0.25% | 0.43% |
| 8.09% Can Fin Homes Ltd. (04/01/2027) | 0.77% | 0.22% |
| Bank of Baroda (15/12/2026) | 0.45% | 0.21% |
| Canara Bank (08/01/2027) | 0.15% | 0.85% |
| Canara Bank (28/01/2027) | 0.15% | 0.21% |
| HDFC Bank Ltd. (12/03/2027) | 0.15% | 2.52% |
| 7.96% Pipeline Infrastructure Pvt Ltd. (11/03/2027) | 0.09% | 0.22% |
| 7.48% National Bank for Agriculture and Rural Development (15/09/2028) | 0.09% | 0.47% |
| 9.45% Vedanta Ltd. (05/06/2028) | 2.76% | 0.07% |
| 7.70% National Bank for Agriculture and Rural Development (30/09/2027) | 0.02% | 1.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.8% means 12.8% 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 Ultra Short Term Fund
| Security | % of fund |
|---|---|
| IndusInd Bank Ltd. (14/12/2026) | 4.39% |
| 8.90% Shriram Finance Ltd. (02/09/2027) | 3.25% |
| 7.30% Bharti Telecom Ltd. (01/12/2027) | 2.43% |
| HDFC Bank Ltd. (09/03/2027) | 2.15% |
| 8.05% Muthoot Finance Ltd. (25/11/2027) | 1.98% |
Largest holdings only in Nippon India Ultra Short Term Fund
| Security | % of fund |
|---|---|
| 9.4% Vedanta Aluminium Metal Limited | 2.78% |
| Punjab National Bank | 2.54% |
| 364 Days Tbill | 2.44% |
| 8.6% Aditya Birla Renewables Limited | 2.16% |
| 182 Days Tbill | 2.14% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Ultra Short Term | Nippon India Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 101.9% | 97.4% |
| Cash and others | -1.9% | 2.6% |
Aditya Birla Sun Life Ultra Short Term vs Nippon India Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Ultra Short Term Fund | Nippon India Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.32% | 0.33% |
| Base expense ratio (Direct) | 0.27% | 0.28% |
| Total expense ratio (Regular) | 0.58% | 1.05% |
| Base expense ratio (Regular) | 0.50% | 0.89% |
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 Ultra Short Term with
Aditya Birla Sun Life Ultra Short Term Fund vs Nippon India Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Ultra Short Term Fund and Nippon India Ultra Short Term Fund?
Both are Ultra Short funds, run by Aditya Birla Sun Life Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 12.8%. Aditya Birla Sun Life Ultra Short Term Fund charges 0.32% a year and Nippon India Ultra Short Term Fund 0.33%.
Which has the lower expense ratio, Aditya Birla Sun Life Ultra Short Term Fund or Nippon India Ultra Short Term Fund?
Aditya Birla Sun Life Ultra Short Term Fund charges less: 0.32% a year against 0.33%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Ultra Short Term Fund and Nippon India Ultra Short Term Fund overlap?
12.8%. They hold 23 of the same securities, the largest shared ones being National Bank for Agriculture and Rural Development (18/03/2027), National Bank for Agriculture and Rural Development (17/02/2027), Small Industries Development Bank of India (11/06/2027). From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Ultra Short Term Fund or Nippon India Ultra Short Term Fund?
On SEBI's riskometer, Aditya Birla Sun Life Ultra Short Term Fund is rated Moderate and Nippon India Ultra Short Term Fund Moderately High. Over 3 years, the standard deviation of daily returns was 0.42% and 0.38% a year.
Which is better for SIP, Aditya Birla Sun Life Ultra Short Term Fund or Nippon India Ultra Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,32,464 in Aditya Birla Sun Life Ultra Short Term Fund (XIRR 7.1% a year) and ₹7,35,302 in Nippon India Ultra Short Term Fund (XIRR 7.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Ultra Short Term Fund and Nippon India Ultra Short Term Fund?
Yes. 12.8% 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 Ultra Short Term Fund and Nippon India Ultra Short Term Fund?
Aditya Birla Sun Life Ultra Short Term Fund: Kaustubh Gupta, Sunaina Da Cunha, Monika Gandhi. Nippon India Ultra Short Term Fund: Vivek Sharma.
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.