Canara Robeco Ultra Short Term Fund vs Canara Robeco Ultra Short to Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco Ultra Short Term Fund is an Ultra Short fund and Canara Robeco Ultra Short to Short Term Fund is a Low Duration fund. In the 3 years to 30-10-2026, Canara Robeco Ultra Short Term Fund (Direct) returned 7.0% a year and Canara Robeco Ultra Short to Short Term Fund (Direct) returned 7.1% a year. Canara Robeco Ultra Short Term Fund charges 0.31% a year and Canara Robeco Ultra Short to Short Term Fund 0.21% (Direct plans). Their portfolios overlap 32.0%: they hold 13 of the same securities.
Canara Robeco Ultra Short Term Fund
Ultra Short
- 3 year return
- 7.0%
- Expense ratio
- 0.31%
- NAV
- ₹4,385.78
Canara Robeco Ultra Short to Short Term Fund
Low Duration
- 3 year return
- 7.1%
- Expense ratio
- 0.21%
- NAV
- ₹46.89
Which is better, Canara Robeco Ultra Short Term or Canara Robeco Ultra Short to 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.
- Canara Robeco Ultra Short to Short Term returned more over 5 years: 6.5% a year against 6.3%.
- Canara Robeco Ultra Short to Short Term returned more over 3 years: 7.1% a year against 7.0%.
- Canara Robeco Ultra Short to Short Term costs less: 0.21% a year against 0.31% (Direct plans).
- Canara Robeco Ultra Short Term swung less over 3 years: a standard deviation of 0.4% a year against 0.5%.
- Canara Robeco Ultra Short Term fell less in its worst fall since 02-01-2013: −0.6% against −1.4%.
- Canara Robeco Ultra Short to Short Term is the larger fund: ₹1,113 Cr against ₹529 Cr.
- Their portfolios overlap 32.0%: 13 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 | Canara Robeco Ultra Short Term Fund | Canara Robeco Ultra Short to Short Term Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Canara Robeco Mutual Fund |
| Category | Ultra Short | Low Duration |
| AUM | ₹529 Cr (30-09-2026) | ₹1,113 Cr (30-09-2026) |
| NAV | ₹4,385.78 (Direct) | ₹46.89 (Direct) |
| Expense ratio (Direct) | 0.31% | 0.21% |
| Expense ratio (Regular) | 0.92% | 0.50% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index | CRISIL Low Duration Debt A-I Index |
| Launch date | 16-09-2003 | 04-03-2005 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Bhupesh Kalyani / Mr. Avnish Jain | Bhupesh Kalyani / Mr. Avnish Jain |
| Exit load | Nil | Nil |
Canara Robeco Ultra Short Term vs Canara Robeco Ultra Short to 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 |
|---|---|---|---|---|---|---|---|
| Canara Robeco Ultra Short Term Fund (Direct) | +0.30% | +1.43% | +3.18% | +6.30% | +6.97% | +6.35% | +6.10% |
| Canara Robeco Ultra Short to Short Term Fund (Direct) | +0.18% | +1.19% | +3.02% | +5.83% | +7.10% | +6.45% | +6.53% |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | +6.82% | +6.27% | +6.43% |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
Category average: the average of the 26 Ultra Short funds and the 25 Low Duration funds, same plan type.
Canara Robeco Ultra Short Term vs Canara Robeco Ultra Short to Short Term: Year-wise Returns
| Year | TermCanara Robeco Ultra Short Term | to Short TermCanara Robeco Ultra Short to Short Term |
|---|---|---|
| 2026to date | +5.28% | +4.83% |
| 2025 | +7.08% | +7.52% |
| 2024 | +7.39% | +7.70% |
| 2023 | +6.92% | +7.27% |
| 2022 | +4.49% | +4.35% |
| 2021 | +3.20% | +3.38% |
Canara Robeco Ultra Short Term vs Canara Robeco Ultra Short to Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,618 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.
Canara Robeco Ultra Short Term Fund (Direct)
Canara Robeco Ultra Short to 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Canara Robeco Ultra Short Term | 0.0 | 18.3 | 81.7 | 0.0 | 0.0 | 0.0 | 0.0 | 6.6% | 6.8% | 4.2% | 9.4% |
| Canara Robeco Ultra Short to Short Term | 0.0 | 12.9 | 87.1 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 7.4% | 4.5% | 9.3% |
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.
Canara Robeco Ultra Short Term vs Canara Robeco Ultra Short to 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 |
|---|---|---|---|---|
| Canara Robeco Ultra Short TermCanara Robeco Ultra Short Term Fund (Direct) | ₹16,60,000 | ₹26,27,076 | ₹9,67,076 | 6.4% |
| Canara Robeco Ultra Short to Short TermCanara Robeco Ultra Short to Short Term Fund (Direct) | ₹16,60,000 | ₹26,95,738 | ₹10,35,738 | 6.7% |
Canara Robeco Ultra Short TermCanara Robeco Ultra Short Term Fund (Direct)
Canara Robeco Ultra Short to Short TermCanara Robeco Ultra Short to 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.
Canara Robeco Ultra Short Term vs Canara Robeco Ultra Short to Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco Ultra Short Term Fund (Direct) | Canara Robeco Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.30% | +5.83% |
| Standard deviation | 0.45% | 0.61% |
| Sharpe ratio | 2.36 | 0.96 |
| Sortino ratio | 3.82 | 1.43 |
| Maximum drawdown | −0.1% (22-10-2026) | −0.2% (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 | Canara Robeco Ultra Short Term Fund (Direct) | Canara Robeco Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +7.10% |
| Standard deviation | 0.37% | 0.49% |
| Sharpe ratio | 2.55 | 2.20 |
| Sortino ratio | 4.71 | 3.70 |
| Maximum drawdown | −0.1% (22-10-2026) | −0.2% (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 | Canara Robeco Ultra Short Term Fund (Direct) | Canara Robeco Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.35% | +6.45% |
| Standard deviation | 0.35% | 0.46% |
| Sharpe ratio | 1.57 | 1.41 |
| Sortino ratio | 2.75 | 2.21 |
| Maximum drawdown | −0.2% (13-05-2022) | −0.4% (13-05-2022) |
| 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 | Canara Robeco Ultra Short Term Fund (Direct) | Canara Robeco Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.89% | +7.20% |
| Standard deviation | 0.45% | 0.68% |
| Sharpe ratio | 1.88 | 1.68 |
| Sortino ratio | 3.09 | 2.78 |
| Maximum drawdown | −0.6% (16-07-2013) | −1.4% (24-03-2020) |
| 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.
Canara Robeco Ultra Short Term Fund (Direct)
Canara Robeco Ultra Short to Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Canara Robeco Ultra Short Term Fund (Direct) | −0.6% | 15-07-2013 | 16-07-2013 | 16-08-2013 | 31 days | 0.0% |
| Canara Robeco Ultra Short to Short Term Fund (Direct) | −1.4% | 09-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | −0.0% |
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.
Canara Robeco Ultra Short Term Fund (Direct)
Canara Robeco Ultra Short to 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.
Canara Robeco Ultra Short Term Fund (Direct)
Canara Robeco Ultra Short to 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.
Canara Robeco Ultra Short Term Fund (Direct)
Canara Robeco Ultra Short to Short Term Fund (Direct)
Canara Robeco Ultra Short Term vs Canara Robeco Ultra Short to Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Ultra Short Term Fund, September 2026; Canara Robeco Ultra Short to Short Term Fund, September 2026
Holdings in common
- Overlap
- 32.0%
- Held by both
- 13
- Only in Canara Robeco Ultra Short Term
- 12
- Only in Canara Robeco Ultra Short to Short Term
- 24
| Security | % of Canara Robeco Ultra Short Term | % of Canara Robeco Ultra Short to Short Term |
|---|---|---|
| Small Industries Development Bank of India (04/02/2027) | 4.99% | 6.40% |
| ICICI Bank Ltd (08/03/2027) | 4.59% | 4.36% |
| Punjab National Bank (18/03/2027) | 4.58% | 4.35% |
| Indian Bank (15/06/2027) | 4.50% | 4.27% |
| HDFC Bank Ltd (21/12/2026) | 2.80% | 3.10% |
| Kotak Mahindra Bank Ltd (21/12/2026) | 4.66% | 2.21% |
| Union Bank of India (16/03/2027) | 4.59% | 2.18% |
| HDFC Bank Ltd (12/03/2027) | 4.59% | 2.18% |
| Kotak Mahindra Bank Ltd (12/02/2027) | 1.85% | 1.32% |
| Union Bank of India (12/03/2027) | 1.84% | 1.31% |
| Small Industries Development Bank Of India (09/06/2027) | 1.80% | 1.28% |
| National Bank For Agriculture & Rural Development (10/03/2027) | 3.67% | 0.44% |
| CORPORATE DEBT MARKET DEVELOPMENT FUND CLASS A2 | 0.35% | 0.35% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.0% means 32.0% 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 Canara Robeco Ultra Short Term Fund
| Security | % of fund |
|---|---|
| 7.83% Indian Railway Finance Corporation Ltd (19/03/2027) | 4.75% |
| 8.0409% TATA CAP HSG FIN LTD 19-MAR-27 | 4.74% |
| 8.30% Tata Capital Ltd (16/03/2027) | 4.74% |
| 8.03% Aditya Birla Housing Finance Ltd (15/03/2027) | 4.74% |
| 8.1350% KOTAK MAHINDRA PRIME LTD 10-FEB-27 | 4.73% |
Largest holdings only in Canara Robeco Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| 7.05% Kotak Mahindra Prime Ltd (10/04/2028) | 6.63% |
| Union Bank of India (15/03/2027) | 4.79% |
| 7.66% Bajaj Housing Finance Ltd (20/03/2028) | 4.46% |
| 6.90% LIC Housing Finance Ltd (17/09/2027) | 4.45% |
| 7.3763% BAJAJ FINANCE LTD 26-JUN-28 | 4.43% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Ultra Short Term | Canara Robeco Ultra Short to Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.8% | 97.3% |
| Cash and others | 4.2% | 2.7% |
Canara Robeco Ultra Short Term vs Canara Robeco Ultra Short to Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Ultra Short Term Fund | Canara Robeco Ultra Short to Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.31% | 0.21% |
| Base expense ratio (Direct) | 0.27% | 0.18% |
| Total expense ratio (Regular) | 0.92% | 0.50% |
| Base expense ratio (Regular) | 0.80% | 0.43% |
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 Canara Robeco Ultra Short Term with
- Canara Robeco Ultra Short Term vs Tata Ultra Short Term
- Canara Robeco Ultra Short Term vs Aditya Birla Sun Life Ultra Short Term
- Canara Robeco Ultra Short Term vs Axis Ultra Short Term fund
- Canara Robeco Ultra Short Term vs Mirae Asset Ultra Short-Term
- Canara Robeco Ultra Short Term vs ICICI Prudential Ultra Short Term
Compare Canara Robeco Ultra Short to Short Term with
- Canara Robeco Ultra Short to Short Term vs HSBC Ultra Short to Short Term
- Canara Robeco Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- Canara Robeco Ultra Short to Short Term vs Axis Ultra Short to Short Term
- Canara Robeco Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- Canara Robeco Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
Canara Robeco Ultra Short Term Fund vs Canara Robeco Ultra Short to Short Term Fund: Frequently Asked Questions
What is the difference between Canara Robeco Ultra Short Term Fund and Canara Robeco Ultra Short to Short Term Fund?
Canara Robeco Ultra Short Term Fund is an Ultra Short fund, Canara Robeco Ultra Short to Short Term Fund is a Low Duration fund, run by Canara Robeco Mutual Fund. Their portfolios overlap 32.0%. Canara Robeco Ultra Short Term Fund charges 0.31% a year and Canara Robeco Ultra Short to Short Term Fund 0.21%.
Which has given higher returns, Canara Robeco Ultra Short Term Fund or Canara Robeco Ultra Short to Short Term Fund?
Over 1 year: Canara Robeco Ultra Short Term Fund +6.30%, Canara Robeco Ultra Short to Short Term Fund +5.83%. Over 3 years: Canara Robeco Ultra Short Term Fund +6.97% a year, Canara Robeco Ultra Short to Short Term Fund +7.10% a year. Over 5 years: Canara Robeco Ultra Short Term Fund +6.35% a year, Canara Robeco Ultra Short to Short Term Fund +6.45% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Canara Robeco Ultra Short Term Fund or Canara Robeco Ultra Short to Short Term Fund?
Canara Robeco Ultra Short to Short Term Fund charges less: 0.21% a year against 0.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco Ultra Short Term Fund and Canara Robeco Ultra Short to Short Term Fund overlap?
32.0%. They hold 13 of the same securities, the largest shared ones being Small Industries Development Bank of India (04/02/2027), ICICI Bank Ltd (08/03/2027), Punjab National Bank (18/03/2027). From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco Ultra Short Term Fund or Canara Robeco Ultra Short to Short Term Fund?
On SEBI's riskometer, Canara Robeco Ultra Short Term Fund is rated Low to Moderate and Canara Robeco Ultra Short to Short Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.37% and 0.49% a year.
Which is better for SIP, Canara Robeco Ultra Short Term Fund or Canara Robeco Ultra Short to Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,25,122 in Canara Robeco Ultra Short Term Fund (XIRR 6.7% a year) and ₹7,26,367 in Canara Robeco Ultra Short to Short Term Fund (XIRR 6.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Canara Robeco Ultra Short Term Fund and Canara Robeco Ultra Short to Short Term Fund?
Yes. 32.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Canara Robeco Ultra Short Term Fund and Canara Robeco Ultra Short to Short Term Fund?
Canara Robeco Ultra Short Term Fund: Bhupesh Kalyani / Mr. Avnish Jain. Canara Robeco Ultra Short to Short Term Fund: Bhupesh Kalyani / Mr. Avnish Jain.
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.