ICICI Prudential Floating Interest Rates Fund vs Invesco India 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 Invesco India 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 Invesco India Ultra Short to Short Term Fund (Direct) returned 7.0% a year. ICICI Prudential Floating Interest Rates Fund charges 0.29% a year and Invesco India Ultra Short to Short Term Fund 0.34% (Direct plans). Their portfolios overlap 12.6%: they hold 10 of the same securities.
ICICI Prudential Floating Interest Rates Fund
Floater
- 3 year return
- 7.5%
- Expense ratio
- 0.29%
- NAV
- ₹501.30
Invesco India Ultra Short to Short Term Fund
Low Duration
- 3 year return
- 7.0%
- Expense ratio
- 0.34%
- NAV
- ₹4,256.03
Which is better, ICICI Prudential Floating Interest Rates or Invesco India 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 6.4%.
- ICICI Prudential Floating Interest Rates returned more over 3 years: 7.5% a year against 7.0%.
- ICICI Prudential Floating Interest Rates costs less: 0.29% a year against 0.34% (Direct plans).
- Invesco India Ultra Short to Short Term swung less over 3 years: a standard deviation of 0.5% a year against 0.8%.
- Invesco India Ultra Short to Short Term fell less in its worst fall since 02-01-2013: −1.4% against −1.8%.
- Invesco India Ultra Short to Short Term holds 2.9% of the fund in foreign stocks; ICICI Prudential Floating Interest Rates 0.0%.
- ICICI Prudential Floating Interest Rates is the larger fund: ₹8,658 Cr against ₹1,714 Cr.
- Their portfolios overlap 12.6%: 10 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 | Invesco India Ultra Short to Short Term Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Invesco Mutual Fund |
| Category | Floater | Low Duration |
| AUM | ₹8,658 Cr (30-09-2026) | ₹1,714 Cr (30-09-2026) |
| NAV | ₹501.30 (Direct) | ₹4,256.03 (Direct) |
| Expense ratio (Direct) | 0.29% | 0.34% |
| Expense ratio (Regular) | 0.85% | 0.65% |
| Riskometer | Not available | Low to Moderate |
| Benchmark | NIFTY Low Duration Debt Index A-I | NIFTY Low Duration Debt Index A-I |
| Launch date | 17-11-2005 | 18-01-2007 |
| Minimum investment | ₹500 | Not available |
| Lock in | None | None |
| Fund managers | Darshil Dedhia, Ritesh Lunawat | Krishna Cheemalapati, Vikas Garg |
| Exit load | Nil | Nil |
ICICI Prudential Floating Interest Rates vs Invesco India 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% |
| Invesco India Ultra Short to Short Term Fund (Direct) | +0.15% | +1.08% | +2.82% | +5.60% | +7.01% | +6.40% | +6.73% |
| 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 Invesco India Ultra Short to Short Term: Year-wise Returns
| Year | ICICI Prudential Floating Interest RatesICICI Prudential Floating Interest Rates | Invesco India Ultra Short to Short TermInvesco India Ultra Short to Short Term |
|---|---|---|
| 2026to date | +4.26% | +4.59% |
| 2025 | +8.41% | +7.50% |
| 2024 | +8.68% | +7.75% |
| 2023 | +8.46% | +7.19% |
| 2022 | +5.00% | +4.34% |
| 2021 | +4.54% | +3.82% |
ICICI Prudential Floating Interest Rates vs Invesco India 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)
Invesco India 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% |
| Invesco India Ultra Short to Short Term | 0.0 | 4.0 | 96.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.3% | 7.6% | 4.8% | 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 Invesco India 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% |
| Invesco India Ultra Short to Short TermInvesco India Ultra Short to Short Term Fund (Direct) | ₹16,60,000 | ₹27,28,715 | ₹10,68,715 | 6.9% |
ICICI Prudential Floating Interest RatesICICI Prudential Floating Interest Rates Fund (Direct)
Invesco India Ultra Short to Short TermInvesco India 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 Invesco India 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) | Invesco India Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.56% | +5.60% |
| Standard deviation | 1.02% | 0.60% |
| Sharpe ratio | 0.31 | 0.59 |
| Sortino ratio | 0.45 | 0.86 |
| 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) | Invesco India Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.53% | +7.01% |
| Standard deviation | 0.77% | 0.48% |
| Sharpe ratio | 1.95 | 2.07 |
| Sortino ratio | 3.11 | 3.42 |
| 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) | Invesco India Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +6.40% |
| Standard deviation | 0.90% | 0.46% |
| Sharpe ratio | 1.29 | 1.29 |
| Sortino ratio | 1.95 | 1.99 |
| Maximum drawdown | −0.9% (28-06-2022) | −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 | ICICI Prudential Floating Interest Rates Fund (Direct) | Invesco India Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.11% | +7.38% |
| Standard deviation | 0.93% | 0.69% |
| Sharpe ratio | 2.21 | 1.92 |
| Sortino ratio | 3.71 | 3.46 |
| Maximum drawdown | −1.8% (26-03-2020) | −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.
ICICI Prudential Floating Interest Rates Fund (Direct)
Invesco India 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% |
| Invesco India 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.
ICICI Prudential Floating Interest Rates Fund (Direct)
Invesco India 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)
Invesco India 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)
Invesco India Ultra Short to Short Term Fund (Direct)
ICICI Prudential Floating Interest Rates vs Invesco India Ultra Short to Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Floating Interest Rates Fund, September 2026; Invesco India Ultra Short to Short Term Fund, September 2026
Holdings in common
- Overlap
- 12.6%
- Held by both
- 10
- Only in ICICI Prudential Floating Interest Rates
- 75
- Only in Invesco India Ultra Short to Short Term
- 43
| Security | % of ICICI Prudential Floating Interest Rates | % of Invesco India Ultra Short to Short Term |
|---|---|---|
| Power Finance Corporation Ltd. | 2.52% | 4.33% |
| NABARD | 1.55% | 5.40% |
| Rural Electrification Corporation Ltd. | 2.59% | 1.45% |
| Jio Credit Ltd | 1.71% | 1.44% |
| Rural Electrification Corporation Ltd. | 1.54% | 1.44% |
| Small Industries Development Bank Of India. | 1.37% | 2.60% |
| Pipeline Infrastructure Pvt Ltd. | 1.02% | 3.80% |
| Small Industries Development Bank Of India. | 0.90% | 1.42% |
| Small Industries Development Bank Of India. | 0.57% | 1.44% |
| Corporate Debt Market Development Fund (Class A2) | 0.41% | 0.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.6% means 12.6% 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 |
|---|---|
| NABARD | 4.95% |
| Government Securities | 4.16% |
| Citicorp Finance (India) Ltd. | 3.02% |
| Tata Capital Financial Services Ltd. | 2.88% |
| LIC Housing Finance Ltd. | 2.71% |
Largest holdings only in Invesco India Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| National Bank For Financing Infrastructure And Development 2027 | 3.40% |
| 4.04% Government of India 2028 | 2.94% |
| 6.95% Bajaj Housing Finance Limited 2028 | 2.87% |
| 7.01% National Bank For Agriculture and Rural Development 2029 | 2.86% |
| Kotak Mahindra Bank Limited 2027 | 2.85% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Floating Interest Rates | Invesco India Ultra Short to Short Term |
|---|---|---|
| Equity | 0.0% | 2.9% |
| Debt | 95.7% | 88.0% |
| Cash and others | 4.3% | 9.1% |
Market cap of stocks
| Market cap | ICICI Prudential Floating Interest Rates | Invesco India Ultra Short to Short Term |
|---|---|---|
| Large Cap | -- | 0.0% |
| Mid Cap | -- | 0.0% |
| Small Cap | -- | 0.0% |
| Foreign stocks | -- | 2.9% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ICICI Prudential Floating Interest Rates | Invesco India Ultra Short to Short Term |
|---|---|---|
| Other | 0.0% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Floating Interest Rates vs Invesco India 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 | Invesco India Ultra Short to Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.29% | 0.34% |
| Base expense ratio (Direct) | 0.25% | 0.27% |
| Total expense ratio (Regular) | 0.85% | 0.65% |
| Base expense ratio (Regular) | 0.73% | 0.54% |
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
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- ICICI Prudential Floating Interest Rates vs Bandhan Floating Interest Rates
- ICICI Prudential Floating Interest Rates vs Kotak Floating Interest Rates
Compare Invesco India Ultra Short to Short Term with
- Invesco India Ultra Short to Short Term vs HSBC Ultra Short to Short Term
- Invesco India Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- Invesco India Ultra Short to Short Term vs Axis Ultra Short to Short Term
- Invesco India Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- Invesco India Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
ICICI Prudential Floating Interest Rates Fund vs Invesco India Ultra Short to Short Term Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Floating Interest Rates Fund and Invesco India Ultra Short to Short Term Fund?
ICICI Prudential Floating Interest Rates Fund is a Floater fund, Invesco India Ultra Short to Short Term Fund is a Low Duration fund, run by ICICI Prudential Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 12.6%. ICICI Prudential Floating Interest Rates Fund charges 0.29% a year and Invesco India Ultra Short to Short Term Fund 0.34%.
Which has given higher returns, ICICI Prudential Floating Interest Rates Fund or Invesco India Ultra Short to Short Term Fund?
Over 1 year: ICICI Prudential Floating Interest Rates Fund +5.56%, Invesco India Ultra Short to Short Term Fund +5.60%. Over 3 years: ICICI Prudential Floating Interest Rates Fund +7.53% a year, Invesco India Ultra Short to Short Term Fund +7.01% a year. Over 5 years: ICICI Prudential Floating Interest Rates Fund +6.97% a year, Invesco India Ultra Short to Short Term Fund +6.40% 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 Invesco India Ultra Short to Short Term Fund?
ICICI Prudential Floating Interest Rates Fund charges less: 0.29% a year against 0.34%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Floating Interest Rates Fund and Invesco India Ultra Short to Short Term Fund overlap?
12.6%. They hold 10 of the same securities, the largest shared ones being Power Finance Corporation Ltd., NABARD, Rural Electrification Corporation Ltd.. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Floating Interest Rates Fund or Invesco India 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 ₹7,24,616 in Invesco India Ultra Short to Short Term Fund (XIRR 6.7% 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 Invesco India Ultra Short to Short Term Fund?
Yes. 12.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Floating Interest Rates Fund and Invesco India Ultra Short to Short Term Fund?
ICICI Prudential Floating Interest Rates Fund: Darshil Dedhia, Ritesh Lunawat. Invesco India Ultra Short to Short Term Fund: Krishna Cheemalapati, Vikas Garg.
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.