LIC MF Ultra Short to Short Term Fund vs UTI Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Ultra Short to Short Term Fund is a Low Duration fund and UTI Ultra Short Term Fund is an Ultra Short fund. In the 3 years to 30-10-2026, LIC MF Ultra Short to Short Term Fund (Direct) returned 7.3% a year and UTI Ultra Short Term Fund (Direct) returned 7.3% a year. LIC MF Ultra Short to Short Term Fund charges 0.24% a year and UTI Ultra Short Term Fund 0.37% (Direct plans). Their portfolios overlap 11.3%: they hold 9 of the same securities.
LIC MF Ultra Short to Short Term Fund
Low Duration
- 3 year return
- 7.3%
- Expense ratio
- 0.24%
- NAV
- ₹46.52
UTI Ultra Short Term Fund
Ultra Short
- 3 year return
- 7.3%
- Expense ratio
- 0.37%
- NAV
- ₹4,946.82
Which is better, LIC MF Ultra Short to Short Term or UTI Ultra 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.
- UTI Ultra Short Term returned more over 5 years: 6.7% a year against 6.5%.
- LIC MF Ultra Short to Short Term returned more over 3 years: 7.3% a year against 7.3%.
- LIC MF Ultra Short to Short Term costs less: 0.24% a year against 0.37% (Direct plans).
- UTI Ultra Short Term swung less over 3 years: a standard deviation of 0.4% a year against 0.5%.
- UTI Ultra Short Term fell less in its worst fall since 02-01-2013: −3.6% against −6.2%.
- UTI Ultra Short Term is the larger fund: ₹3,017 Cr against ₹1,900 Cr.
- Their portfolios overlap 11.3%: 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 | LIC MF Ultra Short to Short Term Fund | UTI Ultra Short Term Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | UTI Mutual Fund |
| Category | Low Duration | Ultra Short |
| AUM | ₹1,900 Cr (30-09-2026) | ₹3,017 Cr (30-09-2026) |
| NAV | ₹46.52 (Direct) | ₹4,946.82 (Direct) |
| Expense ratio (Direct) | 0.24% | 0.37% |
| Expense ratio (Regular) | 0.43% | 0.98% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | CRISIL Low Duration Debt A-I Index | NIFTY Ultra Short Duration Debt Index A-I |
| Launch date | 09-06-2003 | 29-08-2003 |
| Minimum investment | ₹5,000 | Regular Plan-Quarterly Reinvestment of IDCW- Rs.20000, Regular Plan-Quarterly Payout of IDCW- Rs.20000, Regular Plan-Monthly Reinvestment of IDCW- Rs.20000, Regular Plan-Monthly Payout of IDCW- Rs.20000, Regular Plan-Half-yearly Reinvestment of IDCW- Rs.2 |
| Lock in | None | None |
| Fund managers | Rahul Singh, Pratik Harish Shroff | Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Nil | Nil |
LIC MF Ultra Short to Short Term vs UTI Ultra 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 |
|---|---|---|---|---|---|---|---|
| LIC MF Ultra Short to Short Term Fund (Direct) | +0.23% | +1.28% | +3.14% | +6.06% | +7.26% | +6.55% | +6.43% |
| UTI Ultra Short Term Fund (Direct) | +0.35% | +1.49% | +3.30% | +6.45% | +7.25% | +6.65% | +6.53% |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | +6.82% | +6.27% | +6.43% |
Category average: the average of the 25 Low Duration funds and the 26 Ultra Short funds, same plan type.
LIC MF Ultra Short to Short Term vs UTI Ultra Short Term: Year-wise Returns
| Year | LIC MF Ultra Short toLIC MF Ultra Short to Short Term | UTI UltraUTI Ultra Short Term |
|---|---|---|
| 2026to date | +5.03% | +5.36% |
| 2025 | +7.61% | +7.30% |
| 2024 | +7.89% | +7.85% |
| 2023 | +7.19% | +7.29% |
| 2022 | +4.41% | +4.79% |
| 2021 | +4.30% | +6.68% |
LIC MF Ultra Short to Short Term vs UTI Ultra 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.
LIC MF Ultra Short to Short Term Fund (Direct)
UTI Ultra 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Ultra Short to Short Term | 0.0 | 2.5 | 97.5 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 6.6% | 4.6% | 9.5% |
| UTI Ultra Short Term | 0.0 | 1.3 | 98.7 | 0.0 | 0.0 | 0.0 | 0.0 | 7.1% | 6.8% | 4.8% | 9.8% |
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 02-01-2013. Past returns do not promise future returns.
LIC MF Ultra Short to Short Term vs UTI Ultra 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 |
|---|---|---|---|---|
| LIC MF Ultra Short to Short TermLIC MF Ultra Short to Short Term Fund (Direct) | ₹16,60,000 | ₹26,92,402 | ₹10,32,402 | 6.7% |
| UTI Ultra Short TermUTI Ultra Short Term Fund (Direct) | ₹16,60,000 | ₹27,22,572 | ₹10,62,572 | 6.8% |
LIC MF Ultra Short to Short TermLIC MF Ultra Short to Short Term Fund (Direct)
UTI Ultra Short TermUTI Ultra 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.
LIC MF Ultra Short to Short Term vs UTI Ultra Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Ultra Short to Short Term Fund (Direct) | UTI Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.06% | +6.45% |
| Standard deviation | 0.59% | 0.42% |
| Sharpe ratio | 1.39 | 2.87 |
| Sortino ratio | 2.09 | 4.75 |
| Maximum drawdown | −0.2% (21-05-2026) | −0.1% (22-10-2026) |
| 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 | LIC MF Ultra Short to Short Term Fund (Direct) | UTI Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.26% | +7.25% |
| Standard deviation | 0.46% | 0.36% |
| Sharpe ratio | 2.68 | 3.38 |
| Sortino ratio | 4.57 | 6.69 |
| Maximum drawdown | −0.2% (21-05-2026) | −0.1% (22-10-2026) |
| 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 | LIC MF Ultra Short to Short Term Fund (Direct) | UTI Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.55% | +6.65% |
| Standard deviation | 0.44% | 0.35% |
| Sharpe ratio | 1.70 | 2.41 |
| Sortino ratio | 2.72 | 4.34 |
| Maximum drawdown | −0.3% (06-05-2022) | −0.2% (06-05-2022) |
| 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 | LIC MF Ultra Short to Short Term Fund (Direct) | UTI Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.16% | +7.38% |
| Standard deviation | 1.96% | 1.06% |
| Sharpe ratio | 0.57 | 1.26 |
| Sortino ratio | 0.65 | 1.59 |
| Maximum drawdown | −6.2% (04-06-2019) | −3.6% (07-06-2019) |
| 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.
LIC MF Ultra Short to Short Term Fund (Direct)
UTI Ultra Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Ultra Short to Short Term Fund (Direct) | −6.2% | 10-05-2019 | 04-06-2019 | 30-10-2019 | 5 months | 0.0% |
| UTI Ultra Short Term Fund (Direct) | −3.6% | 03-06-2019 | 07-06-2019 | 09-12-2019 | 6 months | 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.
LIC MF Ultra Short to Short Term Fund (Direct)
UTI Ultra 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.
LIC MF Ultra Short to Short Term Fund (Direct)
UTI Ultra 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.
LIC MF Ultra Short to Short Term Fund (Direct)
UTI Ultra Short Term Fund (Direct)
LIC MF Ultra Short to Short Term vs UTI Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Ultra Short to Short Term Fund, September 2026; UTI Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 11.3%
- Held by both
- 9
- Only in LIC MF Ultra Short to Short Term
- 45
- Only in UTI Ultra Short Term
- 43
| Security | % of LIC MF Ultra Short to Short Term | % of UTI Ultra Short Term |
|---|---|---|
| 8.75% 360 One Prime Ltd. | 2.64% | 2.48% |
| Axis Bank Ltd. | 2.58% | 1.63% |
| National Bk for Agriculture & Rural Dev. | 2.58% | 1.62% |
| 8.75% Piramal Finance Ltd. | 1.43% | 1.66% |
| HDFC Bank Ltd. | 1.29% | 3.25% |
| Canara Bank | 1.28% | 1.61% |
| HDFC Bank Ltd. | 1.03% | 1.62% |
| SBI CDMDF--A2 | 0.29% | 0.44% |
| National Bk for Agriculture & Rural Dev. | 0.26% | 1.62% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.3% means 11.3% 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 LIC MF Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| LIC MF ULTRA SHRT DUR FD -DIRECT PLAN | 5.27% |
| Punjab National Bank | 5.11% |
| 7.64% REC Ltd. | 4.07% |
| 364 DAYS TBILL RED 29-10-2026 | 3.93% |
| Time Technoplast Ltd. | 3.88% |
Largest holdings only in UTI Ultra Short Term Fund
| Security | % of fund |
|---|---|
| 364 DAYS T-BILL - 26/11/2026 | 6.58% |
| CD - INDIAN BANK - 22/01/2027 | 5.68% |
| CD - HDFC BANK LTD - 15/02/2027 | 4.85% |
| CD - AXIS BANK - 26/02/2027 | 4.84% |
| CD - EXIM BANK - 29/01/2027 | 4.05% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Ultra Short to Short Term | UTI Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 88.7% | 100.8% |
| Cash and others | 11.3% | -0.8% |
LIC MF Ultra Short to Short Term vs UTI Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Ultra Short to Short Term Fund | UTI Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.24% | 0.37% |
| Base expense ratio (Direct) | 0.20% | 0.31% |
| Total expense ratio (Regular) | 0.43% | 0.98% |
| Base expense ratio (Regular) | 0.37% | 0.86% |
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 LIC MF Ultra Short to Short Term with
- LIC MF Ultra Short to Short Term vs HSBC Ultra Short to Short Term
- LIC MF Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- LIC MF Ultra Short to Short Term vs Axis Ultra Short to Short Term
- LIC MF Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- LIC MF Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
LIC MF Ultra Short to Short Term Fund vs UTI Ultra Short Term Fund: Frequently Asked Questions
What is the difference between LIC MF Ultra Short to Short Term Fund and UTI Ultra Short Term Fund?
LIC MF Ultra Short to Short Term Fund is a Low Duration fund, UTI Ultra Short Term Fund is an Ultra Short fund, run by LIC Mutual Fund and UTI Mutual Fund. Their portfolios overlap 11.3%. LIC MF Ultra Short to Short Term Fund charges 0.24% a year and UTI Ultra Short Term Fund 0.37%.
Which has given higher returns, LIC MF Ultra Short to Short Term Fund or UTI Ultra Short Term Fund?
Over 1 year: LIC MF Ultra Short to Short Term Fund +6.06%, UTI Ultra Short Term Fund +6.45%. Over 3 years: LIC MF Ultra Short to Short Term Fund +7.26% a year, UTI Ultra Short Term Fund +7.25% a year. Over 5 years: LIC MF Ultra Short to Short Term Fund +6.55% a year, UTI Ultra 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, LIC MF Ultra Short to Short Term Fund or UTI Ultra Short Term Fund?
LIC MF Ultra Short to Short Term Fund charges less: 0.24% a year against 0.37%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Ultra Short to Short Term Fund and UTI Ultra Short Term Fund overlap?
11.3%. They hold 9 of the same securities, the largest shared ones being 8.75% 360 One Prime Ltd., Axis Bank Ltd., National Bk for Agriculture & Rural Dev.. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Ultra Short to Short Term Fund or UTI Ultra Short Term Fund?
On SEBI's riskometer, LIC MF Ultra Short to Short Term Fund is rated Low to Moderate and UTI Ultra Short Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 0.46% and 0.36% a year.
Which is better for SIP, LIC MF Ultra Short to Short Term Fund or UTI Ultra Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,28,641 in LIC MF Ultra Short to Short Term Fund (XIRR 6.9% a year) and ₹7,29,992 in UTI Ultra Short Term Fund (XIRR 7.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF Ultra Short to Short Term Fund and UTI Ultra Short Term Fund?
Yes. 11.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Ultra Short to Short Term Fund and UTI Ultra Short Term Fund?
LIC MF Ultra Short to Short Term Fund: Rahul Singh, Pratik Harish Shroff. UTI Ultra Short Term Fund: Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4.
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.