ICICI Prudential Short Term Fund vs JM Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Short Term Fund and JM Short Term Fund are both Short Duration funds. In the 3 years to 30-10-2026, ICICI Prudential Short Term Fund (Direct) returned 7.5% a year and JM Short Term Fund (Direct) returned 7.0% a year. ICICI Prudential Short Term Fund charges 0.45% a year and JM Short Term Fund 0.39% (Direct plans). Their portfolios overlap 1.4%: they hold 2 of the same securities.
ICICI Prudential Short Term Fund
Short Duration
- 3 year return
- 7.5%
- Expense ratio
- 0.45%
- NAV
- ₹70.57
Which is better, ICICI Prudential Short Term or JM 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 Short Term returned more over 3 years: 7.5% a year against 7.0%.
- ICICI Prudential Short Term returned more over 1 year: 4.9% against 4.3%.
- JM Short Term costs less: 0.39% a year against 0.45% (Direct plans).
- JM Short Term swung less over 3 years: a standard deviation of 0.9% a year against 0.9%.
- JM Short Term fell less in its worst fall since 01-09-2022: −0.5% against −0.6%.
- ICICI Prudential Short Term is the larger fund: ₹18,890 Cr against ₹79 Cr.
- Their portfolios overlap 1.4%: 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 | ICICI Prudential Short Term Fund | JM Short Term Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | JM Financial Mutual Fund |
| Category | Short Duration | Short Duration |
| AUM | ₹18,890 Cr (30-09-2026) | ₹79 Cr (30-09-2026) |
| NAV | ₹70.57 (Direct) | ₹13.14 (Direct) |
| Expense ratio (Direct) | 0.45% | 0.39% |
| Expense ratio (Regular) | 1.05% | 1.09% |
| Riskometer | Not available | Low to Moderate |
| Benchmark | Not available | CRISIL Short Duration Debt A-II Index |
| Launch date | Not available | 29-08-2022 |
| Minimum investment | Not available | ₹1,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Killol Pandya, Ruchi Fozdar, Jayant Dhoot |
| Exit load | Not available | Nil |
ICICI Prudential Short Term vs JM 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 Short Term Fund (Direct) | −0.28% | +0.18% | +2.45% | +4.92% | +7.48% | +6.99% | +7.63% |
| JM Short Term Fund (Direct) | −0.05% | +0.43% | +2.43% | +4.34% | +6.96% | -- | -- |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | -- | -- |
Category average: the average of the 25 Short Duration funds, same plan type.
ICICI Prudential Short Term vs JM Short Term: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Short Term | JMJM Short Term |
|---|---|---|
| 2026to date | +3.84% | +3.58% |
| 2025 | +8.61% | +7.98% |
| 2024 | +8.45% | +7.88% |
| 2023 | +8.10% | +6.98% |
| 2022 | +5.44% | -- |
| 2021 | +4.67% | -- |
ICICI Prudential Short Term vs JM Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 281 of them, one for each trading day from 01-09-2025 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 Short Term Fund (Direct)
JM Short Term Fund (Direct)
to
Oct 2025Dec 2022
to
Dec 2025Feb 2023
to
Feb 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026
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 Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.1% | 8.1% | 7.4% | 8.6% |
| JM Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.4% | 7.3% | 6.8% | 7.8% |
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 01-09-2022. Past returns do not promise future returns.
ICICI Prudential Short Term vs JM 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 01-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Short TermICICI Prudential Short Term Fund (Direct) | ₹5,00,000 | ₹5,79,504 | ₹79,504 | 7.0% |
| JM Short TermJM Short Term Fund (Direct) | ₹5,00,000 | ₹5,72,703 | ₹72,703 | 6.5% |
ICICI Prudential Short TermICICI Prudential Short Term Fund (Direct)
JM Short TermJM 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 Short Term vs JM Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Short Term Fund (Direct) | JM Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.92% | +4.34% |
| Standard deviation | 1.22% | 1.09% |
| Sharpe ratio | -0.27 | -0.84 |
| Sortino ratio | -0.37 | -1.18 |
| Maximum drawdown | −0.6% (23-10-2026) | −0.5% (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 | ICICI Prudential Short Term Fund (Direct) | JM Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.48% | +6.96% |
| Standard deviation | 0.93% | 0.91% |
| Sharpe ratio | 1.55 | 1.03 |
| Sortino ratio | 2.34 | 1.57 |
| Maximum drawdown | −0.6% (23-10-2026) | −0.5% (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 | ICICI Prudential Short Term Fund (Direct) | JM Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.30% | +6.73% |
| Standard deviation | 1.56% | 0.85% |
| Sharpe ratio | 1.44 | 0.67 |
| Sortino ratio | 2.16 | 1.02 |
| Maximum drawdown | −3.4% (19-08-2013) | −0.5% (13-06-2025) |
| 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 Short Term Fund (Direct)
JM 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 Short Term Fund (Direct) | −0.6% | 09-09-2026 | 23-10-2026 | Not yet | -- | −0.5% |
| JM Short Term Fund (Direct) | −0.5% | 06-06-2025 | 13-06-2025 | 03-07-2025 | 20 days | −0.2% |
From daily values since 01-09-2022, 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 Short Term Fund (Direct)
JM 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 Short Term Fund (Direct)
JM Short Term Fund (Direct)
ICICI Prudential Short Term vs JM Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Short Term Fund, September 2026; JM Short Term Fund, September 2026
Holdings in common
- Overlap
- 1.4%
- Held by both
- 2
- Only in ICICI Prudential Short Term
- 153
- Only in JM Short Term
- 17
| Security | % of ICICI Prudential Short Term | % of JM Short Term |
|---|---|---|
| Mahindra & Mahindra Financial Services Ltd. | 1.05% | 6.29% |
| Corporate Debt Market Development Fund (Class A2) | 0.34% | 0.49% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 1.4% means 1.4% 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 Short Term Fund
| Security | % of fund |
|---|---|
| NABARD | 4.98% |
| LIC Housing Finance Ltd. | 3.96% |
| Vedanta Ltd. | 3.12% |
| Shivshakti Securitisation Trust | 3.03% |
| NABARD | 2.82% |
Largest holdings only in JM Short Term Fund
| Security | % of fund |
|---|---|
| 6.36% GOI 16-Feb-2031 | 11.45% |
| HDFC Bank Limited 05-MAR-2027 | 7.36% |
| 7.8% NABARD 15-MAR-2027 | 6.32% |
| 7.68% SIDBI 09-JUL-2027 | 6.31% |
| 7.9611% HDB Financial Services Limited 05-JAN-2028 | 6.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Short Term | JM Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.2% | 92.8% |
| Cash and others | 3.8% | 7.2% |
ICICI Prudential Short Term vs JM Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Short Term Fund | JM Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.45% | 0.39% |
| Base expense ratio (Direct) | 0.38% | 0.33% |
| Total expense ratio (Regular) | 1.05% | 1.09% |
| Base expense ratio (Regular) | 0.89% | 0.94% |
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 Short Term with
ICICI Prudential Short Term Fund vs JM Short Term Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Short Term Fund and JM Short Term Fund?
Both are Short Duration funds, run by ICICI Prudential Mutual Fund and JM Financial Mutual Fund. Their portfolios overlap 1.4%. ICICI Prudential Short Term Fund charges 0.45% a year and JM Short Term Fund 0.39%.
Which has given higher returns, ICICI Prudential Short Term Fund or JM Short Term Fund?
Over 1 year: ICICI Prudential Short Term Fund +4.92%, JM Short Term Fund +4.34%. Over 3 years: ICICI Prudential Short Term Fund +7.48% a year, JM Short Term Fund +6.96% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Short Term Fund or JM Short Term Fund?
JM Short Term Fund charges less: 0.39% a year against 0.45%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Short Term Fund and JM Short Term Fund overlap?
1.4%. They hold 2 of the same securities, the largest shared ones being Mahindra & Mahindra Financial Services Ltd., Corporate Debt Market Development Fund (Class A2). From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Short Term Fund or JM Short Term Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,10,003 in ICICI Prudential Short Term Fund (XIRR 6.6% a year) and ₹4,07,024 in JM Short Term Fund (XIRR 6.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Short Term Fund and JM Short Term Fund?
Yes. 1.4% of each fund's money sits in the same holdings, so the two hold mostly different investments.
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.