JM Ultra Short to Short Term Fund vs Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Ultra Short to Short Term Fund is a Low Duration fund and Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund is an Index fund. JM Ultra Short to Short Term Fund charges 0.41% a year and Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund 0.21% (Direct plans). Their portfolios overlap 10.6%: they hold 2 of the same securities.
JM Ultra Short to Short Term Fund
Low Duration
- Expense ratio
- 0.41%
- NAV
- ₹41.21
Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund
Index
- Expense ratio
- 0.21%
- NAV
- ₹10.04
Which is better, JM Ultra Short to Short Term or Tata 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.
- Tata CRISIL IBX Financial Services 3 6 Months Debt Index costs less: 0.21% a year against 0.41% (Direct plans).
- JM Ultra Short to Short Term fell less in its worst fall since 15-09-2026: −0.1% against −0.1%.
- Tata CRISIL IBX Financial Services 3 6 Months Debt Index is the larger fund: ₹637 Cr against ₹236 Cr.
- Their portfolios overlap 10.6%: 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 | JM Ultra Short to Short Term Fund | Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Tata Mutual Fund |
| Category | Low Duration | Index |
| AUM | ₹236 Cr (30-09-2026) | ₹637 Cr (30-09-2026) |
| NAV | ₹41.21 (Direct) | ₹10.04 (Direct) |
| Expense ratio (Direct) | 0.41% | 0.21% |
| Expense ratio (Regular) | 0.84% | 0.44% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Low Duration Debt A-I Index | CRISIL-IBX Financial Services 3-6 Months Debt Index (TRI) |
| Launch date | 27-09-2006 | 24-09-2026 |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | None |
| Fund managers | Killol Pandya, Ruchi Fozdar, Jayant Dhoot | Dhawal Joshi, Amit Somani |
| Exit load | Nil | 0.25% of the applicable NAV, if redeemed on or before 30 days from the date of allotment. |
JM Ultra Short to Short Term vs Tata 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 |
|---|---|---|---|---|---|---|---|
| JM Ultra Short to Short Term Fund (Direct) | +0.21% | +1.19% | +2.97% | +5.77% | +7.13% | +6.50% | -- |
| Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) | +0.30% | -- | -- | -- | -- | -- | -- |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | -- |
Category average: the average of the 25 Low Duration funds, same plan type.
JM Ultra Short to Short Term vs Tata CRISIL IBX Financial Services 3 6 Months Debt Index: Year-wise Returns
| Year | JM Ultra Short to Short TermJM Ultra Short to Short Term | Tata CRISIL IBX Financial Services 3 6 Months Debt IndexTata CRISIL IBX Financial Services 3 6 Months Debt Index |
|---|---|---|
| 2026to date | +4.76% | -- |
| 2025 | +7.64% | -- |
| 2024 | +7.81% | -- |
| 2023 | +7.05% | -- |
| 2022 | +4.58% | -- |
| 2021 | +3.44% | -- |
JM Ultra Short to Short Term vs Tata CRISIL IBX Financial Services 3 6 Months Debt Index: Rolling Returns
Every holding period of both funds
JM Ultra Short to Short Term vs Tata 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 | JM Ultra Short to Short Term Fund (Direct) | Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.09% | +3.50% |
| Standard deviation | 7.91% | 0.61% |
| Sharpe ratio | 0.10 | -3.27 |
| Sortino ratio | 0.20 | -3.54 |
| Maximum drawdown | −15.0% (29-10-2019) | −0.1% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 25-05-2018 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.
JM Ultra Short to Short Term Fund (Direct)
Tata 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 |
|---|---|---|---|---|---|---|
| JM Ultra Short to Short Term Fund (Direct) | −0.1% | 19-10-2026 | 23-10-2026 | 29-10-2026 | 6 days | 0.0% |
| Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) | −0.1% | 13-10-2026 | 22-10-2026 | 29-10-2026 | 7 days | 0.0% |
From daily values since 15-09-2026, the first day every fund has.
JM Ultra Short to Short Term vs Tata CRISIL IBX Financial Services 3 6 Months Debt Index: Portfolio Overlap
From each fund's latest monthly portfolio: JM Ultra Short to Short Term Fund, September 2026; Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund, September 2026
Holdings in common
- Overlap
- 10.6%
- Held by both
- 2
- Only in JM Ultra Short to Short Term
- 32
- Only in Tata CRISIL IBX Financial Services 3 6 Months Debt Index
- 15
| Security | % of JM Ultra Short to Short Term | % of Tata CRISIL IBX Financial Services 3 6 Months Debt Index |
|---|---|---|
| Canara Bank 29-JAN-2027 | 8.29% | 7.68% |
| HDFC Bank Limited 05-MAR-2027 | 2.88% | 7.63% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.6% means 10.6% 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 JM Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| Indian Bank 05-FEB-2027 | 7.45% |
| Punjab National Bank 04-MAR-2027 | 7.00% |
| Union Bank of India 16-MAR-2027 | 6.99% |
| 7.23% Power Finance Corporation Limited 05-JAN-2027 | 4.66% |
| 8.75% Piramal Finance Ltd 29-OCT-2027 | 4.24% |
Largest holdings only in Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund
| Security | % of fund |
|---|---|
| ** 07.95 % REC LTD - 12/03/2027 | 7.87% |
| ** - BANK OF BARODA - CD - 04/02/2027 | 7.67% |
| ** - ADITYA BIRLA CAPITAL LTD - CP - 04/02/2027 | 7.66% |
| ** - SMALL INDUST DEVLOP BANK OF INDIA - CD - 18/02/2027 | 7.64% |
| ** - UNION BANK OF INDIA - CD - 02/03/2027 | 7.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Ultra Short to Short Term | Tata CRISIL IBX Financial Services 3 6 Months Debt Index |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.7% | 98.9% |
| Cash and others | 3.3% | 1.1% |
JM Ultra Short to Short Term vs Tata CRISIL IBX Financial Services 3 6 Months Debt Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Ultra Short to Short Term Fund | Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | 0.21% |
| Base expense ratio (Direct) | 0.35% | 0.07% |
| Total expense ratio (Regular) | 0.84% | 0.44% |
| Base expense ratio (Regular) | 0.73% | 0.30% |
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 JM Ultra Short to Short Term with
- JM Ultra Short to Short Term vs HSBC Ultra Short to Short Term
- JM Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- JM Ultra Short to Short Term vs Axis Ultra Short to Short Term
- JM Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- JM Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
JM Ultra Short to Short Term Fund vs Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund: Frequently Asked Questions
What is the difference between JM Ultra Short to Short Term Fund and Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
JM Ultra Short to Short Term Fund is a Low Duration fund, Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund is an Index fund, run by JM Financial Mutual Fund and Tata Mutual Fund. Their portfolios overlap 10.6%. JM Ultra Short to Short Term Fund charges 0.41% a year and Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund 0.21%.
Which has the lower expense ratio, JM Ultra Short to Short Term Fund or Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund charges less: 0.21% a year against 0.41%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Ultra Short to Short Term Fund and Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund overlap?
10.6%. They hold 2 of the same securities, the largest shared ones being Canara Bank 29-JAN-2027, HDFC Bank Limited 05-MAR-2027. From each fund's latest monthly portfolio.
Which is riskier, JM Ultra Short to Short Term Fund or Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
On SEBI's riskometer, JM Ultra Short to Short Term Fund is rated Low to Moderate and Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 7.91% and 0.61% a year.
Can I invest in both JM Ultra Short to Short Term Fund and Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
Yes. 10.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JM Ultra Short to Short Term Fund and Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
JM Ultra Short to Short Term Fund: Killol Pandya, Ruchi Fozdar, Jayant Dhoot. Tata CRISIL IBX Financial Services 3 6 Months Debt Index Fund: Dhawal Joshi, Amit Somani.
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.