Edelweiss Ultra Short Term Fund vs ICICI Prudential Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Ultra Short Term Fund and ICICI Prudential Ultra Short Term Fund are both Ultra Short funds. Edelweiss Ultra Short Term Fund charges 0.13% a year and ICICI Prudential Ultra Short Term Fund 0.40% (Direct plans). Their portfolios overlap 2.8%: they hold 2 of the same securities.
Edelweiss Ultra Short Term Fund
Ultra Short
- Expense ratio
- 0.13%
- NAV
- ₹1,009.78
ICICI Prudential Ultra Short Term Fund
Ultra Short
- Expense ratio
- 0.40%
- NAV
- ₹32.60
Which is better, Edelweiss Ultra Short Term or ICICI Prudential 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.
- Edelweiss Ultra Short Term costs less: 0.13% a year against 0.40% (Direct plans).
- ICICI Prudential Ultra Short Term fell less in its worst fall since 27-08-2026: −0.1% against −0.1%.
- ICICI Prudential Ultra Short Term is the larger fund: ₹15,236 Cr against ₹896 Cr.
- Their portfolios overlap 2.8%: 2 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 | Edelweiss Ultra Short Term Fund | ICICI Prudential Ultra Short Term Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Ultra Short | Ultra Short |
| AUM | ₹896 Cr (30-09-2026) | ₹15,236 Cr (30-09-2026) |
| NAV | ₹1,009.78 (Direct) | ₹32.60 (Direct) |
| Expense ratio (Direct) | 0.13% | 0.40% |
| Expense ratio (Regular) | 0.61% | 0.80% |
| Riskometer | Low to Moderate | Not available |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index | NIFTY Ultra Short Duration Debt Index A-I |
| Launch date | 25-08-2026 | 03-05-2011 |
| Minimum investment | ₹100 | 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – Rs. 25,000 (plus multiples of Re. 1/-) Minimum application amount for switch ins – Rs. 5,000 and any amount thereafter 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – |
| Lock in | None | None |
| Fund managers | Rahul Dedhia, Kedar Karnik | Ritesh Lunawat, Manish Banthia |
| Exit load | Nil | Nil |
Edelweiss Ultra Short Term vs ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Ultra Short Term Fund (Direct) | +0.31% | -- | -- | -- | -- | -- | -- |
| ICICI Prudential Ultra Short Term Fund (Direct) | +0.29% | +1.40% | +3.20% | +6.37% | +7.31% | +6.78% | +7.15% |
| 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.
Edelweiss Ultra Short Term vs ICICI Prudential Ultra Short Term: Year-wise Returns
| Year | EdelweissEdelweiss Ultra Short Term | ICICI PrudentialICICI Prudential Ultra Short Term |
|---|---|---|
| 2026to date | -- | +5.28% |
| 2025 | -- | +7.52% |
| 2024 | -- | +7.90% |
| 2023 | -- | +7.39% |
| 2022 | -- | +5.05% |
| 2021 | -- | +4.58% |
Edelweiss Ultra Short Term vs ICICI Prudential Ultra Short Term: Rolling Returns
Every holding period of both funds
Edelweiss Ultra Short Term vs ICICI Prudential Ultra Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Ultra Short Term Fund (Direct) | ICICI Prudential Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.38% | +7.90% |
| Standard deviation | 0.51% | 1.69% |
| Sharpe ratio | 0.20 | 1.09 |
| Sortino ratio | 0.27 | 1.46 |
| Maximum drawdown | −0.1% (22-10-2026) | −7.5% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-08-2026 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.
Edelweiss Ultra Short Term Fund (Direct)
ICICI Prudential Ultra Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Ultra Short Term Fund (Direct) | −0.1% | 19-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
| ICICI Prudential Ultra Short Term Fund (Direct) | −0.1% | 19-10-2026 | 22-10-2026 | 29-10-2026 | 7 days | 0.0% |
From daily values since 27-08-2026, the first day every fund has.
Edelweiss Ultra Short Term vs ICICI Prudential Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Ultra Short Term Fund, September 2026; ICICI Prudential Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 2.8%
- Held by both
- 2
- Only in Edelweiss Ultra Short Term
- 20
- Only in ICICI Prudential Ultra Short Term
- 118
| Security | % of Edelweiss Ultra Short Term | % of ICICI Prudential Ultra Short Term |
|---|---|---|
| 7.80% NABARD NCD SR 24E RED 15-03-2027 | 5.59% | 2.00% |
| 7.71% REC LTD SR 230A NCD RED 26-02-2027 | 7.82% | 0.82% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 2.8% means 2.8% 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 Edelweiss Ultra Short Term Fund
| Security | % of fund |
|---|---|
| 182 DAYS TBILL RED 25-03-2027 | 8.14% |
| CANARA BANK CD RED 11-03-2027 | 8.12% |
| 7.90% LIC HSG FIN TR421 NCD R 23-06-2027 | 5.58% |
| KOTAK MAHINDRA BANK CD RED 08-01-2027 | 5.48% |
| AXIS BANK LTD CD RED 12-02-2027 | 5.45% |
Largest holdings only in ICICI Prudential Ultra Short Term Fund
| Security | % of fund |
|---|---|
| 91 Days Treasury Bills | 3.28% |
| Canara Bank | 3.03% |
| Small Industries Development Bank Of India. | 2.89% |
| Punjab National Bank | 2.57% |
| NABARD | 2.45% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Ultra Short Term | ICICI Prudential Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 101.4% | 97.3% |
| Cash and others | -1.4% | 2.7% |
Edelweiss Ultra Short Term vs ICICI Prudential Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Ultra Short Term Fund | ICICI Prudential Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.13% | 0.40% |
| Base expense ratio (Direct) | 0.10% | 0.34% |
| Total expense ratio (Regular) | 0.61% | 0.80% |
| Base expense ratio (Regular) | 0.51% | 0.68% |
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 Edelweiss Ultra Short Term with
Compare ICICI Prudential Ultra Short Term with
Edelweiss Ultra Short Term Fund vs ICICI Prudential Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Edelweiss Ultra Short Term Fund and ICICI Prudential Ultra Short Term Fund?
Both are Ultra Short funds, run by Edelweiss Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 2.8%. Edelweiss Ultra Short Term Fund charges 0.13% a year and ICICI Prudential Ultra Short Term Fund 0.40%.
Which has the lower expense ratio, Edelweiss Ultra Short Term Fund or ICICI Prudential Ultra Short Term Fund?
Edelweiss Ultra Short Term Fund charges less: 0.13% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Ultra Short Term Fund and ICICI Prudential Ultra Short Term Fund overlap?
2.8%. They hold 2 of the same securities, the largest shared ones being 7.80% NABARD NCD SR 24E RED 15-03-2027, 7.71% REC LTD SR 230A NCD RED 26-02-2027. From each fund's latest monthly portfolio.
Can I invest in both Edelweiss Ultra Short Term Fund and ICICI Prudential Ultra Short Term Fund?
Yes. 2.8% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Edelweiss Ultra Short Term Fund and ICICI Prudential Ultra Short Term Fund?
Edelweiss Ultra Short Term Fund: Rahul Dedhia, Kedar Karnik. ICICI Prudential Ultra Short Term Fund: Ritesh Lunawat, Manish Banthia.
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.