HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund vs UTI Ultra Short to Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund is an Index fund and UTI Ultra Short to Short Term Fund is a Low Duration fund. In the year to 30-10-2026, HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) returned 6.9% and UTI Ultra Short to Short Term Fund (Direct) returned 5.7%. HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund charges 0.09% a year and UTI Ultra Short to Short Term Fund 0.37% (Direct plans). Their portfolios overlap 11.1%: they hold 4 of the same securities.
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Index
- 1 year return
- 6.9%
- Expense ratio
- 0.09%
- NAV
- ₹11.05
UTI Ultra Short to Short Term Fund
Low Duration
- 1 year return
- 5.7%
- Expense ratio
- 0.37%
- NAV
- ₹3,899.96
Which is better, HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index or UTI 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.
- HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index returned more over 1 year: 6.9% against 5.7%.
- HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index costs less: 0.09% a year against 0.37% (Direct plans).
- HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index fell less in its worst fall since 06-05-2025: −0.1% against −0.2%.
- UTI Ultra Short to Short Term is the larger fund: ₹2,604 Cr against ₹1,972 Cr.
- Their portfolios overlap 11.1%: 4 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 | HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | UTI Ultra Short to Short Term Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | UTI Mutual Fund |
| Category | Index | Low Duration |
| AUM | ₹1,972 Cr (30-09-2026) | ₹2,604 Cr (30-09-2026) |
| NAV | ₹11.05 (Direct) | ₹3,899.96 (Direct) |
| Expense ratio (Direct) | 0.09% | 0.37% |
| Expense ratio (Regular) | 0.25% | 0.65% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL-IBX Financial Services 3-6 Months Debt Index | NIFTY Low Duration Debt Index A-I |
| Launch date | 06-05-2025 | 12-07-1999 |
| Minimum investment | ₹100 | Regular Plan-Weekly Reinvestment of IDCW- Rs.20000, Regular Plan-Weekly Payout of IDCW- Rs.20000, Regular Plan-Quarterly Reinvestment of IDCW- Rs.20000, Regular Plan-Quarterly Payout of IDCW- Rs.20000, Regular Plan-Monthly Reinvestment of IDCW- Rs.20000, |
| Lock in | None | None |
| Fund managers | Anupam Joshi | Anurag Mittal FM 1, Not ApplicableFM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | NIL | Nil |
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index vs UTI 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 |
|---|---|---|---|---|---|---|---|
| HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | +0.34% | +1.49% | +3.41% | +6.90% | -- | -- | -- |
| UTI Ultra Short to Short Term Fund (Direct) | +0.17% | +1.13% | +2.94% | +5.74% | +7.13% | +6.51% | +5.98% |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
Category average: the average of the 25 Low Duration funds, same plan type.
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index vs UTI Ultra Short to Short Term: Year-wise Returns
| Year | HDFC CRISIL-IBX Financial Services 3-6 Months Debt IndexHDFC CRISIL-IBX Financial Services 3-6 Months Debt Index | UTI Ultra Short to Short TermUTI Ultra Short to Short Term |
|---|---|---|
| 2026to date | +5.72% | +4.70% |
| 2025 | -- | +7.65% |
| 2024 | -- | +7.78% |
| 2023 | -- | +7.23% |
| 2022 | -- | +4.61% |
| 2021 | -- | +9.08% |
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index vs UTI Ultra Short to Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 120 of them, one for each trading day from 06-05-2026 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.
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct)
UTI Ultra Short to Short Term Fund (Direct)
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 7.0% | 6.7% | 7.3% |
| UTI Ultra Short to Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.1% | 6.2% | 5.7% | 6.5% |
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 06-05-2025. Past returns do not promise future returns.
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index vs UTI 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 06-05-2025 to 30-10-2026: 18 instalments, ₹1,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC CRISIL-IBX Financial Services 3-6 Months Debt IndexHDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | ₹1,80,000 | ₹1,89,708 | ₹9,708 | 6.9% |
| UTI Ultra Short to Short TermUTI Ultra Short to Short Term Fund (Direct) | ₹1,80,000 | ₹1,88,238 | ₹8,238 | 5.8% |
HDFC CRISIL-IBX Financial Services 3-6 Months Debt IndexHDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct)
UTI Ultra Short to Short TermUTI 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.
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index vs UTI 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 | HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | UTI Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.90% | +5.74% |
| Standard deviation | 0.42% | 0.59% |
| Sharpe ratio | 3.91 | 0.84 |
| Sortino ratio | 6.98 | 1.23 |
| 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 | HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | UTI Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.93% | +6.90% |
| Standard deviation | 0.39% | 2.77% |
| Sharpe ratio | 4.07 | 0.31 |
| Sortino ratio | 7.66 | 0.33 |
| Maximum drawdown | −0.1% (22-10-2026) | −12.1% (07-06-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 06-05-2025 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.
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.
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct)
UTI 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 |
|---|---|---|---|---|---|---|
| HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | −0.1% | 19-10-2026 | 22-10-2026 | 29-10-2026 | 7 days | 0.0% |
| UTI Ultra Short to Short Term Fund (Direct) | −0.2% | 11-05-2026 | 21-05-2026 | 01-06-2026 | 11 days | −0.0% |
From daily values since 06-05-2025, 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.
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct)
UTI Ultra Short to Short Term Fund (Direct)
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index vs UTI Ultra Short to Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, September 2026; UTI Ultra Short to Short Term Fund, September 2026
Holdings in common
- Overlap
- 11.1%
- Held by both
- 4
- Only in HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index
- 38
- Only in UTI Ultra Short to Short Term
- 45
| Security | % of HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index | % of UTI Ultra Short to Short Term |
|---|---|---|
| REC Limited. | 5.08% | 5.38% |
| National Bank for Agri & Rural Dev. | 5.08% | 4.81% |
| Bajaj Housing Finance Ltd. | 3.80% | 0.96% |
| Kotak Mahindra Bank Limited | 0.25% | 0.94% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.1% means 11.1% 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 HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
| Security | % of fund |
|---|---|
| Bharti Telecom Limited | 11.18% |
| Aditya Birla Capital ltd. | 6.16% |
| Small Industries Development Bank | 6.03% |
| LIC Housing Finance Ltd. | 5.07% |
| LIC Housing Finance Ltd. | 5.07% |
Largest holdings only in UTI Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| 364 DAYS T-BILL - 10/12/2026 | 7.60% |
| NCD MAHINDRA RURAL HOUSING FINANCE LTD | 3.85% |
| NCD SUMMIT DIGITEL INFRASTRUCTURE LTD | 3.81% |
| NCD EMBASSY OFFICE PARKS REIT | 3.65% |
| NCD NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 2.87% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index | UTI Ultra Short to Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.8% | 93.0% |
| Cash and others | 2.2% | 7.0% |
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index vs UTI Ultra Short to Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | UTI Ultra Short to Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.09% | 0.37% |
| Base expense ratio (Direct) | 0.07% | 0.31% |
| Total expense ratio (Regular) | 0.25% | 0.65% |
| Base expense ratio (Regular) | 0.20% | 0.55% |
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 UTI Ultra Short to Short Term with
- UTI Ultra Short to Short Term vs HSBC Ultra Short to Short Term
- UTI Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- UTI Ultra Short to Short Term vs Axis Ultra Short to Short Term
- UTI Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- UTI Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund vs UTI Ultra Short to Short Term Fund: Frequently Asked Questions
What is the difference between HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund and UTI Ultra Short to Short Term Fund?
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund is an Index fund, UTI Ultra Short to Short Term Fund is a Low Duration fund, run by HDFC Mutual Fund and UTI Mutual Fund. Their portfolios overlap 11.1%. HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund charges 0.09% a year and UTI Ultra Short to Short Term Fund 0.37%.
Which has given higher returns, HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund or UTI Ultra Short to Short Term Fund?
Over 1 year: HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund +6.90%, UTI Ultra Short to Short Term Fund +5.74%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund or UTI Ultra Short to Short Term Fund?
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund charges less: 0.09% a year against 0.37%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund and UTI Ultra Short to Short Term Fund overlap?
11.1%. They hold 4 of the same securities, the largest shared ones being REC Limited., National Bank for Agri & Rural Dev., Bajaj Housing Finance Ltd.. From each fund's latest monthly portfolio.
Which is riskier, HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund or UTI Ultra Short to Short Term Fund?
On SEBI's riskometer, HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund is rated Low to Moderate and UTI Ultra Short to Short Term Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 0.42% and 0.59% a year.
Can I invest in both HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund and UTI Ultra Short to Short Term Fund?
Yes. 11.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund and UTI Ultra Short to Short Term Fund?
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund: Anupam Joshi. UTI Ultra Short to Short Term Fund: Anurag Mittal FM 1, Not ApplicableFM 2, Not Applicable FM 3, Not Applicable FM 4.
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.