DSP Ultra Short to Short Term Fund vs Edelweiss Banking and PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Ultra Short to Short Term Fund is a Low Duration fund and Edelweiss Banking and PSU Debt Fund is a Banking & PSU fund. In the 3 years to 30-10-2026, DSP Ultra Short to Short Term Fund (Direct) returned 7.0% a year and Edelweiss Banking and PSU Debt Fund (Direct) returned 7.0% a year. DSP Ultra Short to Short Term Fund charges 0.31% a year and Edelweiss Banking and PSU Debt Fund 0.40% (Direct plans). Their portfolios overlap 14.5%: they hold 9 of the same securities.
DSP Ultra Short to Short Term Fund
Low Duration
- 3 year return
- 7.0%
- Expense ratio
- 0.31%
- NAV
- ₹22.09
Edelweiss Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 7.0%
- Expense ratio
- 0.40%
- NAV
- ₹27.11
Which is better, DSP Ultra Short to Short Term or Edelweiss Banking and PSU Debt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Ultra Short to Short Term returned more over 5 years: 6.4% a year against 6.0%.
- Edelweiss Banking and PSU Debt returned more over 3 years: 7.0% a year against 7.0%.
- DSP Ultra Short to Short Term costs less: 0.31% a year against 0.40% (Direct plans).
- DSP Ultra Short to Short Term swung less over 3 years: a standard deviation of 0.5% a year against 1.2%.
- DSP Ultra Short to Short Term fell less in its worst fall since 28-11-2016: −1.5% against −4.3%.
- DSP Ultra Short to Short Term is the larger fund: ₹4,455 Cr against ₹3,137 Cr.
- Their portfolios overlap 14.5%: 9 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 | DSP Ultra Short to Short Term Fund | Edelweiss Banking and PSU Debt Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Edelweiss Mutual Fund |
| Category | Low Duration | Banking & PSU |
| AUM | ₹4,455 Cr (30-09-2026) | ₹3,137 Cr (30-09-2026) |
| NAV | ₹22.09 (Direct) | ₹27.11 (Direct) |
| Expense ratio (Direct) | 0.31% | 0.40% |
| Expense ratio (Regular) | 0.63% | 0.73% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | NIFTY Low Duration Debt Index A-I | CRISIL Banking and PSU Debt A-II Index |
| Launch date | 10-03-2015 | 13-09-2013 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Karan Mundhra, Shalini Vasanta | Dhawal Dalal, Kedar Karnik |
| Exit load | Nil | Nil |
DSP Ultra Short to Short Term vs Edelweiss Banking and PSU Debt: 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 |
|---|---|---|---|---|---|---|---|
| DSP Ultra Short to Short Term Fund (Direct) | +0.10% | +0.97% | +2.78% | +5.47% | +6.98% | +6.42% | +6.70% |
| Edelweiss Banking and PSU Debt Fund (Direct) | −0.04% | +0.67% | +2.62% | +4.02% | +7.00% | +6.03% | -- |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | -- |
Category average: the average of the 25 Low Duration funds and the 19 Banking & PSU funds, same plan type.
DSP Ultra Short to Short Term vs Edelweiss Banking and PSU Debt: Year-wise Returns
| Year | DSP Ultra Short to Short TermDSP Ultra Short to Short Term | Edelweiss Banking and PSU DebtEdelweiss Banking and PSU Debt |
|---|---|---|
| 2026to date | +4.51% | +3.35% |
| 2025 | +7.46% | +7.71% |
| 2024 | +7.75% | +8.53% |
| 2023 | +7.24% | +6.74% |
| 2022 | +4.51% | +2.92% |
| 2021 | +3.76% | +4.86% |
DSP Ultra Short to Short Term vs Edelweiss Banking and PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,681 of them, one for each trading day from 28-11-2019 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.
DSP Ultra Short to Short Term Fund (Direct)
Edelweiss Banking and PSU Debt Fund (Direct)
to
Jun 2020Aug 2018
to
Aug 2021Oct 2019
to
Oct 2022Dec 2020
to
Dec 2023Mar 2022
to
Mar 2025Apr 2023
to
Apr 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Ultra Short to Short Term | 0.0 | 7.0 | 93.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.6% | 7.0% | 4.8% | 8.1% |
| Edelweiss Banking and PSU Debt | 0.0 | 5.5 | 73.1 | 21.4 | 0.0 | 0.0 | 0.0 | 7.8% | 7.5% | 4.6% | 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 28-11-2016. Past returns do not promise future returns.
DSP Ultra Short to Short Term vs Edelweiss Banking and PSU Debt: 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 01-11-2016 to 30-10-2026: 120 instalments, ₹12,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Ultra Short to Short TermDSP Ultra Short to Short Term Fund (Direct) | ₹12,00,000 | ₹16,76,006 | ₹4,76,006 | 6.5% |
| Edelweiss Banking and PSU DebtEdelweiss Banking and PSU Debt Fund (Direct) | ₹12,00,000 | ₹17,18,218 | ₹5,18,218 | 7.0% |
DSP Ultra Short to Short TermDSP Ultra Short to Short Term Fund (Direct)
Edelweiss Banking and PSU DebtEdelweiss Banking and PSU Debt 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.
DSP Ultra Short to Short Term vs Edelweiss Banking and PSU Debt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Ultra Short to Short Term Fund (Direct) | Edelweiss Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.47% | +4.02% |
| Standard deviation | 0.66% | 1.09% |
| Sharpe ratio | 0.34 | -1.12 |
| Sortino ratio | 0.49 | -1.52 |
| Maximum drawdown | −0.3% (21-05-2026) | −0.7% (02-04-2026) |
| 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 | DSP Ultra Short to Short Term Fund (Direct) | Edelweiss Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.98% | +7.00% |
| Standard deviation | 0.50% | 1.23% |
| Sharpe ratio | 1.90 | 0.79 |
| Sortino ratio | 3.07 | 1.16 |
| Maximum drawdown | −0.3% (21-05-2026) | −0.7% (13-06-2025) |
| 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 | DSP Ultra Short to Short Term Fund (Direct) | Edelweiss Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.42% | +6.03% |
| Standard deviation | 0.47% | 1.73% |
| Sharpe ratio | 1.31 | 0.13 |
| Sortino ratio | 2.03 | 0.16 |
| Maximum drawdown | −0.3% (06-05-2022) | −2.9% (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 | DSP Ultra Short to Short Term Fund (Direct) | Edelweiss Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.03% | +7.34% |
| Standard deviation | 0.92% | 2.58% |
| Sharpe ratio | 1.54 | 0.76 |
| Sortino ratio | 2.44 | 1.13 |
| Maximum drawdown | −1.5% (04-06-2019) | −4.3% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 11-03-2015 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.
DSP Ultra Short to Short Term Fund (Direct)
Edelweiss Banking and PSU Debt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Ultra Short to Short Term Fund (Direct) | −1.5% | 03-06-2019 | 04-06-2019 | 03-07-2019 | 29 days | −0.0% |
| Edelweiss Banking and PSU Debt Fund (Direct) | −4.3% | 09-03-2020 | 23-03-2020 | 21-04-2020 | 29 days | −0.2% |
From daily values since 28-11-2016, 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.
DSP Ultra Short to Short Term Fund (Direct)
Edelweiss Banking and PSU Debt 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.
DSP Ultra Short to Short Term Fund (Direct)
Edelweiss Banking and PSU Debt 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.
DSP Ultra Short to Short Term Fund (Direct)
Edelweiss Banking and PSU Debt Fund (Direct)
DSP Ultra Short to Short Term vs Edelweiss Banking and PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Ultra Short to Short Term Fund, September 2026; Edelweiss Banking and PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 14.5%
- Held by both
- 9
- Only in DSP Ultra Short to Short Term
- 85
- Only in Edelweiss Banking and PSU Debt
- 51
| Security | % of DSP Ultra Short to Short Term | % of Edelweiss Banking and PSU Debt |
|---|---|---|
| Bharti Telecom Limited | 4.05% | 3.16% |
| REC Limited | 2.28% | 2.37% |
| HDFC Bank Limited | 2.18% | 3.09% |
| Small Industries Development Bank Of India | 1.78% | 3.17% |
| Power Finance Corporation Limited | 1.74% | 2.37% |
| National Bank For Agriculture & Rural Development | 1.46% | 8.40% |
| Bharti Telecom Limited | 1.30% | 1.58% |
| Union Bank of India | 0.54% | 0.31% |
| SBI Funds Management Pvt Limited/Fund Parent | 0.41% | 0.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.5% means 14.5% 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 DSP Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| 6.38% Maharashtra SDL 25082027 | 3.39% |
| National Bank For Agriculture & Rural Development | 2.92% |
| Small Industries Development Bank Of India | 2.88% |
| REC Limited | 2.85% |
| Bajaj Housing Finance Limited | 2.29% |
Largest holdings only in Edelweiss Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| 364 DAYS TBILL RED 28-05-2027 | 9.20% |
| 7.59%NATIONAL HOUSING BANK R 14-07-2027 | 6.38% |
| 7.35% EXIM BANK SR AA02 NCD 27-07-2028 | 6.35% |
| KOTAK MAHINDRA BANK CD RED 08-01-2027 | 3.91% |
| 7.9% MAH & MAH FIN AB2026 21-02-28 | 3.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Ultra Short to Short Term | Edelweiss Banking and PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 99.3% | 96.8% |
| Cash and others | 0.7% | 3.2% |
DSP Ultra Short to Short Term vs Edelweiss Banking and PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Ultra Short to Short Term Fund | Edelweiss Banking and PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.31% | 0.40% |
| Base expense ratio (Direct) | 0.25% | 0.33% |
| Total expense ratio (Regular) | 0.63% | 0.73% |
| Base expense ratio (Regular) | 0.52% | 0.61% |
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 DSP Ultra Short to Short Term with
- DSP Ultra Short to Short Term vs HSBC Ultra Short to Short Term
- DSP Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- DSP Ultra Short to Short Term vs Axis Ultra Short to Short Term
- DSP Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- DSP Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
Compare Edelweiss Banking and PSU Debt with
DSP Ultra Short to Short Term Fund vs Edelweiss Banking and PSU Debt Fund: Frequently Asked Questions
What is the difference between DSP Ultra Short to Short Term Fund and Edelweiss Banking and PSU Debt Fund?
DSP Ultra Short to Short Term Fund is a Low Duration fund, Edelweiss Banking and PSU Debt Fund is a Banking & PSU fund, run by DSP Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 14.5%. DSP Ultra Short to Short Term Fund charges 0.31% a year and Edelweiss Banking and PSU Debt Fund 0.40%.
Which has given higher returns, DSP Ultra Short to Short Term Fund or Edelweiss Banking and PSU Debt Fund?
Over 1 year: DSP Ultra Short to Short Term Fund +5.47%, Edelweiss Banking and PSU Debt Fund +4.02%. Over 3 years: DSP Ultra Short to Short Term Fund +6.98% a year, Edelweiss Banking and PSU Debt Fund +7.00% a year. Over 5 years: DSP Ultra Short to Short Term Fund +6.42% a year, Edelweiss Banking and PSU Debt Fund +6.03% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Ultra Short to Short Term Fund or Edelweiss Banking and PSU Debt Fund?
DSP Ultra Short to Short Term Fund charges less: 0.31% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Ultra Short to Short Term Fund and Edelweiss Banking and PSU Debt Fund overlap?
14.5%. They hold 9 of the same securities, the largest shared ones being Bharti Telecom Limited, REC Limited, HDFC Bank Limited. From each fund's latest monthly portfolio.
Which is riskier, DSP Ultra Short to Short Term Fund or Edelweiss Banking and PSU Debt Fund?
On SEBI's riskometer, DSP Ultra Short to Short Term Fund is rated Low to Moderate and Edelweiss Banking and PSU Debt Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.50% and 1.23% a year.
Which is better for SIP, DSP Ultra Short to Short Term Fund or Edelweiss Banking and PSU Debt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,24,108 in DSP Ultra Short to Short Term Fund (XIRR 6.7% a year) and ₹7,18,242 in Edelweiss Banking and PSU Debt Fund (XIRR 6.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Ultra Short to Short Term Fund and Edelweiss Banking and PSU Debt Fund?
Yes. 14.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Ultra Short to Short Term Fund and Edelweiss Banking and PSU Debt Fund?
DSP Ultra Short to Short Term Fund: Karan Mundhra, Shalini Vasanta. Edelweiss Banking and PSU Debt Fund: Dhawal Dalal, Kedar Karnik.
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.