ICICI Prudential Floating Interest Rates Fund vs ICICI Prudential Ultra Short to Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Floating Interest Rates Fund is a Floater fund and ICICI Prudential Ultra Short to Short Term Fund is a Low Duration fund. In the 3 years to 30-10-2026, ICICI Prudential Floating Interest Rates Fund (Direct) returned 7.5% a year and ICICI Prudential Ultra Short to Short Term Fund (Direct) returned 7.3% a year. ICICI Prudential Floating Interest Rates Fund charges 0.29% a year and ICICI Prudential Ultra Short to Short Term Fund 0.42% (Direct plans). Their portfolios overlap 27.2%: they hold 41 of the same securities.
ICICI Prudential Floating Interest Rates Fund
Floater
- 3 year return
- 7.5%
- Expense ratio
- 0.29%
- NAV
- ₹501.30
ICICI Prudential Ultra Short to Short Term Fund
Low Duration
- 3 year return
- 7.3%
- Expense ratio
- 0.42%
- NAV
- ₹597.43
Which is better, ICICI Prudential Floating Interest Rates or ICICI Prudential 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.
- ICICI Prudential Floating Interest Rates returned more over 5 years: 7.0% a year against 6.7%.
- ICICI Prudential Floating Interest Rates returned more over 3 years: 7.5% a year against 7.3%.
- ICICI Prudential Floating Interest Rates costs less: 0.29% a year against 0.42% (Direct plans).
- ICICI Prudential Ultra Short to Short Term swung less over 3 years: a standard deviation of 0.5% a year against 0.8%.
- ICICI Prudential Ultra Short to Short Term fell less in its worst fall since 02-01-2013: −1.6% against −1.8%.
- ICICI Prudential Ultra Short to Short Term is the larger fund: ₹18,781 Cr against ₹8,658 Cr.
- Their portfolios overlap 27.2%: 41 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 | ICICI Prudential Floating Interest Rates Fund | ICICI Prudential Ultra Short to Short Term Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Floater | Low Duration |
| AUM | ₹8,658 Cr (30-09-2026) | ₹18,781 Cr (30-09-2026) |
| NAV | ₹501.30 (Direct) | ₹597.43 (Direct) |
| Expense ratio (Direct) | 0.29% | 0.42% |
| Expense ratio (Regular) | 0.85% | 0.53% |
| Riskometer | Not available | Not available |
| Benchmark | NIFTY Low Duration Debt Index A-I | Not available |
| Launch date | 17-11-2005 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Darshil Dedhia, Ritesh Lunawat | Not available |
| Exit load | Nil | Not available |
ICICI Prudential Floating Interest Rates vs ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Floating Interest Rates Fund (Direct) | −0.23% | +0.39% | +2.53% | +5.56% | +7.53% | +6.97% | +7.52% |
| ICICI Prudential Ultra Short to Short Term Fund (Direct) | +0.13% | +1.05% | +2.93% | +5.87% | +7.30% | +6.65% | +7.05% |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | +7.16% |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
Category average: the average of the 12 Floater funds and the 25 Low Duration funds, same plan type.
ICICI Prudential Floating Interest Rates vs ICICI Prudential Ultra Short to Short Term: Year-wise Returns
| Year | Floating Interest RatesICICI Prudential Floating Interest Rates | Ultra Short to Short TermICICI Prudential Ultra Short to Short Term |
|---|---|---|
| 2026to date | +4.26% | +4.76% |
| 2025 | +8.41% | +7.82% |
| 2024 | +8.68% | +8.10% |
| 2023 | +8.46% | +7.73% |
| 2022 | +5.00% | +4.62% |
| 2021 | +4.54% | +3.89% |
ICICI Prudential Floating Interest Rates vs ICICI Prudential 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.
ICICI Prudential Floating Interest Rates Fund (Direct)
ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Floating Interest Rates | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.1% | 8.3% | 6.0% | 10.0% |
| ICICI Prudential Ultra Short to Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.6% | 7.8% | 5.3% | 9.6% |
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.
ICICI Prudential Floating Interest Rates vs ICICI Prudential 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 |
|---|---|---|---|---|
| ICICI Prudential Floating Interest RatesICICI Prudential Floating Interest Rates Fund (Direct) | ₹16,60,000 | ₹28,94,539 | ₹12,34,539 | 7.7% |
| ICICI Prudential Ultra Short to Short TermICICI Prudential Ultra Short to Short Term Fund (Direct) | ₹16,60,000 | ₹27,95,288 | ₹11,35,288 | 7.2% |
ICICI Prudential Floating Interest RatesICICI Prudential Floating Interest Rates Fund (Direct)
ICICI Prudential Ultra Short to Short TermICICI Prudential 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.
ICICI Prudential Floating Interest Rates vs ICICI Prudential 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 | ICICI Prudential Floating Interest Rates Fund (Direct) | ICICI Prudential Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.56% | +5.87% |
| Standard deviation | 1.02% | 0.62% |
| Sharpe ratio | 0.31 | 1.01 |
| Sortino ratio | 0.45 | 1.50 |
| Maximum drawdown | −0.5% (23-10-2026) | −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 | ICICI Prudential Floating Interest Rates Fund (Direct) | ICICI Prudential Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.53% | +7.30% |
| Standard deviation | 0.77% | 0.50% |
| Sharpe ratio | 1.95 | 2.56 |
| Sortino ratio | 3.11 | 4.37 |
| Maximum drawdown | −0.5% (23-10-2026) | −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 | ICICI Prudential Floating Interest Rates Fund (Direct) | ICICI Prudential Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +6.65% |
| Standard deviation | 0.90% | 0.61% |
| Sharpe ratio | 1.29 | 1.40 |
| Sortino ratio | 1.95 | 2.13 |
| Maximum drawdown | −0.9% (28-06-2022) | −0.6% (28-06-2022) |
| 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 | ICICI Prudential Floating Interest Rates Fund (Direct) | ICICI Prudential Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.11% | +7.69% |
| Standard deviation | 0.93% | 0.76% |
| Sharpe ratio | 2.21 | 2.16 |
| Sortino ratio | 3.71 | 3.77 |
| Maximum drawdown | −1.8% (26-03-2020) | −1.6% (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.
ICICI Prudential Floating Interest Rates Fund (Direct)
ICICI Prudential 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 |
|---|---|---|---|---|---|---|
| ICICI Prudential Floating Interest Rates Fund (Direct) | −1.8% | 05-03-2020 | 26-03-2020 | 31-03-2020 | 5 days | −0.3% |
| ICICI Prudential Ultra Short to Short Term Fund (Direct) | −1.6% | 05-03-2020 | 24-03-2020 | 31-03-2020 | 7 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.
ICICI Prudential Floating Interest Rates Fund (Direct)
ICICI Prudential 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.
ICICI Prudential Floating Interest Rates Fund (Direct)
ICICI Prudential 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.
ICICI Prudential Floating Interest Rates Fund (Direct)
ICICI Prudential Ultra Short to Short Term Fund (Direct)
ICICI Prudential Floating Interest Rates vs ICICI Prudential Ultra Short to Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Floating Interest Rates Fund, September 2026; ICICI Prudential Ultra Short to Short Term Fund, September 2026
Holdings in common
- Overlap
- 27.2%
- Held by both
- 41
- Only in ICICI Prudential Floating Interest Rates
- 44
- Only in ICICI Prudential Ultra Short to Short Term
- 85
| Security | % of ICICI Prudential Floating Interest Rates | % of ICICI Prudential Ultra Short to Short Term |
|---|---|---|
| Rural Electrification Corporation Ltd. | 2.31% | 2.27% |
| NABARD | 4.95% | 2.10% |
| Government Securities | 4.16% | 1.78% |
| NABARD | 1.73% | 1.60% |
| Tata Capital Financial Services Ltd. | 2.88% | 1.59% |
| NABARD | 1.55% | 3.34% |
| State Government of Bihar | 2.28% | 1.45% |
| LIC Housing Finance Ltd. | 2.71% | 1.35% |
| Rural Electrification Corporation Ltd. | 1.54% | 1.18% |
| State Government of Karnataka | 1.14% | 2.62% |
| NABARD | 0.98% | 1.60% |
| Rural Electrification Corporation Ltd. | 2.59% | 0.74% |
| Small Industries Development Bank Of India. | 0.87% | 0.69% |
| Shivshakti Securitisation Trust | 1.93% | 0.64% |
| Power Finance Corporation Ltd. | 0.58% | 1.17% |
| Power Finance Corporation Ltd. | 2.52% | 0.53% |
| State Government of Karnataka | 2.26% | 0.52% |
| Bharti Telecom Ltd. | 0.52% | 0.63% |
| Pipeline Infrastructure Pvt Ltd. | 1.02% | 0.48% |
| India Universal Trust AL2 | 0.49% | 0.45% |
| Power Finance Corporation Ltd. | 0.98% | 0.43% |
| Corporate Debt Market Development Fund (Class A2) | 0.41% | 0.47% |
| Small Industries Development Bank Of India. | 0.87% | 0.40% |
| Government Securities | 1.45% | 0.38% |
| Mahindra Rural Housing Finance Ltd. | 0.80% | 0.37% |
| ICICI Home Finance Company Ltd. | 0.46% | 0.34% |
| NABARD | 0.69% | 0.29% |
| Small Industries Development Bank Of India. | 0.29% | 0.34% |
| Sansar Trust | 0.30% | 0.27% |
| Rural Electrification Corporation Ltd. | 1.43% | 0.26% |
| India Universal Trust AL2 | 0.28% | 0.26% |
| Small Industries Development Bank Of India. | 1.41% | 0.25% |
| Rural Electrification Corporation Ltd. | 0.75% | 0.24% |
| Bharti Telecom Ltd. | 0.34% | 0.21% |
| State Government of Maharashtra | 0.80% | 0.19% |
| Power Finance Corporation Ltd. | 0.57% | 0.13% |
| Sansar Trust June 2024 A1 | 0.13% | 0.12% |
| Rural Electrification Corporation Ltd. | 0.12% | 0.08% |
| State Government of Maharashtra | 0.56% | 0.08% |
| Rural Electrification Corporation Ltd. | 0.12% | 0.05% |
| State Government of Rajasthan | 0.05% | 0.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.2% means 27.2% 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 ICICI Prudential Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| Citicorp Finance (India) Ltd. | 3.02% |
| Power Finance Corporation Ltd. | 2.59% |
| Bajaj Finance Ltd. | 2.27% |
| Small Industries Development Bank Of India. | 2.17% |
| State Government of Tamil Nadu | 1.74% |
Largest holdings only in ICICI Prudential Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| Radhakrishna Securitization Trust | 4.44% |
| Government Securities | 3.31% |
| Bajaj Housing Finance Ltd. | 2.23% |
| Bank Of India | 2.20% |
| Small Industries Development Bank Of India. | 2.08% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Floating Interest Rates | ICICI Prudential Ultra Short to Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.7% | 97.1% |
| Cash and others | 4.3% | 2.9% |
ICICI Prudential Floating Interest Rates vs ICICI Prudential Ultra Short to Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Floating Interest Rates Fund | ICICI Prudential Ultra Short to Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.29% | 0.42% |
| Base expense ratio (Direct) | 0.25% | 0.36% |
| Total expense ratio (Regular) | 0.85% | 0.53% |
| Base expense ratio (Regular) | 0.73% | 0.45% |
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 ICICI Prudential Floating Interest Rates with
- ICICI Prudential Floating Interest Rates vs Axis Floating Interest Rates
- ICICI Prudential Floating Interest Rates vs Franklin India Floating Interest Rates
- ICICI Prudential Floating Interest Rates vs Bandhan Floating Interest Rates
- ICICI Prudential Floating Interest Rates vs Kotak Floating Interest Rates
Compare ICICI Prudential Ultra Short to Short Term with
- ICICI Prudential Ultra Short to Short Term vs HSBC Ultra Short to Short Term
- ICICI Prudential Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- ICICI Prudential Ultra Short to Short Term vs Axis Ultra Short to Short Term
- ICICI Prudential Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- ICICI Prudential Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
ICICI Prudential Floating Interest Rates Fund vs ICICI Prudential Ultra Short to Short Term Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Floating Interest Rates Fund and ICICI Prudential Ultra Short to Short Term Fund?
ICICI Prudential Floating Interest Rates Fund is a Floater fund, ICICI Prudential Ultra Short to Short Term Fund is a Low Duration fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 27.2%. ICICI Prudential Floating Interest Rates Fund charges 0.29% a year and ICICI Prudential Ultra Short to Short Term Fund 0.42%.
Which has given higher returns, ICICI Prudential Floating Interest Rates Fund or ICICI Prudential Ultra Short to Short Term Fund?
Over 1 year: ICICI Prudential Floating Interest Rates Fund +5.56%, ICICI Prudential Ultra Short to Short Term Fund +5.87%. Over 3 years: ICICI Prudential Floating Interest Rates Fund +7.53% a year, ICICI Prudential Ultra Short to Short Term Fund +7.30% a year. Over 5 years: ICICI Prudential Floating Interest Rates Fund +6.97% a year, ICICI Prudential Ultra Short to Short Term Fund +6.65% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Floating Interest Rates Fund or ICICI Prudential Ultra Short to Short Term Fund?
ICICI Prudential Floating Interest Rates Fund charges less: 0.29% a year against 0.42%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Floating Interest Rates Fund and ICICI Prudential Ultra Short to Short Term Fund overlap?
27.2%. They hold 41 of the same securities, the largest shared ones being Rural Electrification Corporation Ltd., NABARD, Government Securities. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Floating Interest Rates Fund or ICICI Prudential 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 ₹7,35,452 in ICICI Prudential Floating Interest Rates Fund (XIRR 7.3% a year) and ₹7,30,732 in ICICI Prudential Ultra Short to Short Term Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Floating Interest Rates Fund and ICICI Prudential Ultra Short to Short Term Fund?
Yes. 27.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.