Invesco India Ultra Short Term Fund vs SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Ultra Short Term Fund is an Ultra Short fund and SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund is a mutual fund. Invesco India Ultra Short Term Fund charges 0.27% a year and SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund 0.14% (Direct plans). Their portfolios overlap 22.8%: they hold 9 of the same securities.
Invesco India Ultra Short Term Fund
Ultra Short
- Expense ratio
- 0.27%
- NAV
- ₹3,133.58
SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
- Expense ratio
- 0.14%
- NAV
- ₹10.34
Which is better, Invesco India Ultra Short Term or SBI CRISIL-IBX Financial Services 3-6 Months Debt Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI CRISIL-IBX Financial Services 3-6 Months Debt Index costs less: 0.14% a year against 0.27% (Direct plans).
- Invesco India Ultra Short Term fell less in its worst fall since 27-04-2026: −0.1% against −0.1%.
- SBI CRISIL-IBX Financial Services 3-6 Months Debt Index is the larger fund: ₹2,318 Cr against ₹1,394 Cr.
- Their portfolios overlap 22.8%: 9 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 | Invesco India Ultra Short Term Fund | SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | SBI Mutual Fund |
| Category | Ultra Short | Not available |
| AUM | ₹1,394 Cr (30-09-2026) | ₹2,318 Cr (30-09-2026) |
| NAV | ₹3,133.58 (Direct) | ₹10.34 (Direct) |
| Expense ratio (Direct) | 0.27% | 0.14% |
| Expense ratio (Regular) | 0.79% | 0.23% |
| Riskometer | Low to Moderate | Not available |
| Benchmark | NIFTY Ultra Short Duration Debt Index A-I | Not available |
| Launch date | 30-12-2010 | Not available |
| Minimum investment | Not available | Not available |
| Lock in | None | Not available |
| Fund managers | Krishna Cheemalapati, Vikas Garg | Not available |
| Exit load | Nil | Not available |
Invesco India Ultra Short Term vs SBI CRISIL-IBX Financial Services 3-6 Months Debt Index: 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Ultra Short Term Fund (Direct) | +0.33% | +1.51% | +3.32% | +6.55% | +7.26% | +6.67% | +6.71% |
| SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | +0.31% | +1.47% | +3.29% | -- | -- | -- | -- |
| 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.
Invesco India Ultra Short Term vs SBI CRISIL-IBX Financial Services 3-6 Months Debt Index: Year-wise Returns
| Year | Invesco India Ultra Short TermInvesco India Ultra Short Term | SBI CRISIL-IBX Financial Services 3-6 Months Debt IndexSBI CRISIL-IBX Financial Services 3-6 Months Debt Index |
|---|---|---|
| 2026to date | +5.48% | -- |
| 2025 | +7.30% | -- |
| 2024 | +7.79% | -- |
| 2023 | +7.31% | -- |
| 2022 | +4.78% | -- |
| 2021 | +3.70% | -- |
Invesco India Ultra Short Term vs SBI CRISIL-IBX Financial Services 3-6 Months Debt Index: Rolling Returns
Every holding period of both funds
Invesco India Ultra Short Term vs SBI CRISIL-IBX Financial Services 3-6 Months Debt Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Ultra Short Term Fund (Direct) | SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.32% | +6.58% |
| Standard deviation | 0.86% | 0.43% |
| Sharpe ratio | 1.48 | 2.99 |
| Sortino ratio | 2.04 | 4.43 |
| Maximum drawdown | −2.7% (24-07-2013) | −0.1% (22-10-2026) |
| 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.
Invesco India Ultra Short Term Fund (Direct)
SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Ultra Short Term Fund (Direct) | −0.1% | 19-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
| SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | −0.1% | 13-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
From daily values since 27-04-2026, the first day every fund has.
Invesco India Ultra Short Term vs SBI CRISIL-IBX Financial Services 3-6 Months Debt Index: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Ultra Short Term Fund, September 2026; SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, September 2026
Holdings in common
- Overlap
- 22.8%
- Held by both
- 9
- Only in Invesco India Ultra Short Term
- 33
- Only in SBI CRISIL-IBX Financial Services 3-6 Months Debt Index
- 30
| Security | % of Invesco India Ultra Short Term | % of SBI CRISIL-IBX Financial Services 3-6 Months Debt Index |
|---|---|---|
| Canara Bank 2027 | 6.27% | 8.39% |
| HDFC Bank Limited 2027 | 3.48% | 4.19% |
| Axis Bank Limited 2027 | 2.44% | 4.20% |
| 7.8% National Bank For Agriculture and Rural Development 2027 | 7.54% | 2.16% |
| Kotak Mahindra Bank Limited 2027 | 3.50% | 2.11% |
| 6.65% LIC Housing Finance Limited 2027 | 1.79% | 2.15% |
| Bank of Baroda 2027 | 1.76% | 3.17% |
| Union Bank of India 2027 | 1.76% | 4.23% |
| Bank of Baroda 2027 | 1.05% | 1.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.8% means 22.8% 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 Invesco India Ultra Short Term Fund
| Security | % of fund |
|---|---|
| 7.96% Pipeline Infrastructure Private Limited 2027 | 4.31% |
| Punjab National Bank 2027 | 4.20% |
| Kotak Mahindra Bank Limited 2027 | 3.51% |
| ICICI Bank Limited 2027 | 3.51% |
| Union Bank of India 2027 | 3.48% |
Largest holdings only in SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
| Security | % of fund |
|---|---|
| Bank of Baroda | 8.43% |
| Mahindra & Mahindra Financial Services Ltd. | 6.29% |
| Sundaram Finance Ltd. | 5.25% |
| TATA Capital Ltd. | 4.32% |
| National Bank for Agriculture and Rural Development | 4.19% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Ultra Short Term | SBI CRISIL-IBX Financial Services 3-6 Months Debt Index |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.7% | 105.1% |
| Cash and others | 2.3% | -5.1% |
Invesco India Ultra Short Term vs SBI CRISIL-IBX Financial Services 3-6 Months Debt Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Ultra Short Term Fund | SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.27% | 0.14% |
| Base expense ratio (Direct) | 0.21% | 0.10% |
| Total expense ratio (Regular) | 0.79% | 0.23% |
| Base expense ratio (Regular) | 0.67% | 0.17% |
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
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Invesco India Ultra Short Term Fund vs SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund: Frequently Asked Questions
What is the difference between Invesco India Ultra Short Term Fund and SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund?
Invesco India Ultra Short Term Fund is an Ultra Short fund, SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund is a mutual fund, run by Invesco Mutual Fund and SBI Mutual Fund. Their portfolios overlap 22.8%. Invesco India Ultra Short Term Fund charges 0.27% a year and SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund 0.14%.
Which has the lower expense ratio, Invesco India Ultra Short Term Fund or SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund?
SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund charges less: 0.14% a year against 0.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Ultra Short Term Fund and SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund overlap?
22.8%. They hold 9 of the same securities, the largest shared ones being Canara Bank 2027, HDFC Bank Limited 2027, Axis Bank Limited 2027. From each fund's latest monthly portfolio.
Can I invest in both Invesco India Ultra Short Term Fund and SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund?
Yes. 22.8% 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.