Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund vs SBI Ultra Short to Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund is a mutual fund and SBI Ultra Short to Short Term Fund is a Low Duration fund. Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund charges 0.11% a year and SBI Ultra Short to Short Term Fund 0.44% (Direct plans). Their portfolios overlap 11.1%: they hold 3 of the same securities.
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
- Expense ratio
- 0.11%
- NAV
- ₹10.45
SBI Ultra Short to Short Term Fund
Low Duration
- Expense ratio
- 0.44%
- NAV
- ₹3,925.81
Which is better, Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index or SBI 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.
- Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index costs less: 0.11% a year against 0.44% (Direct plans).
- Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index fell less in its worst fall since 13-03-2026: −0.1% against −0.2%.
- SBI Ultra Short to Short Term is the larger fund: ₹10,942 Cr against ₹260 Cr.
- Their portfolios overlap 11.1%: 3 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 | Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | SBI Ultra Short to Short Term Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | SBI Mutual Fund |
| Category | Not available | Low Duration |
| AUM | ₹260 Cr (30-09-2026) | ₹10,942 Cr (30-09-2026) |
| NAV | ₹10.45 (Direct) | ₹3,925.81 (Direct) |
| Expense ratio (Direct) | 0.11% | 0.44% |
| Expense ratio (Regular) | 0.22% | 0.92% |
| Riskometer | Not available | Low to Moderate |
| Benchmark | Not available | CRISIL Low Duration Debt A-I Index |
| Launch date | Not available | 27-07-2007 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Rajeev Radhakrishnan |
| Exit load | Not available | Nil |
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs SBI 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 |
|---|---|---|---|---|---|---|---|
| Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | +0.32% | +1.49% | +3.35% | -- | -- | -- | -- |
| SBI Ultra Short to Short Term Fund (Direct) | +0.24% | +1.16% | +2.95% | +5.62% | +7.11% | +6.53% | +6.74% |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
Category average: the average of the 25 Low Duration funds, same plan type.
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs SBI Ultra Short to Short Term: Year-wise Returns
| Year | Nippon India CRISIL-IBX Financial Services 3-6 Months Debt IndexNippon India CRISIL-IBX Financial Services 3-6 Months Debt Index | SBI Ultra Short to Short TermSBI Ultra Short to Short Term |
|---|---|---|
| 2026to date | -- | +4.65% |
| 2025 | -- | +7.57% |
| 2024 | -- | +7.87% |
| 2023 | -- | +7.36% |
| 2022 | -- | +4.59% |
| 2021 | -- | +3.72% |
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs SBI Ultra Short to Short Term: Rolling Returns
Every holding period of both funds
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs SBI 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 | Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct) | SBI Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.26% | +7.33% |
| Standard deviation | 0.49% | 0.63% |
| Sharpe ratio | 4.06 | 2.05 |
| Sortino ratio | 7.01 | 3.70 |
| Maximum drawdown | −0.1% (22-10-2026) | −1.3% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 13-03-2026 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.
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund (Direct)
SBI 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 |
|---|---|---|---|---|---|---|
| Nippon India 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% |
| SBI Ultra Short to Short Term Fund (Direct) | −0.2% | 08-05-2026 | 21-05-2026 | 01-06-2026 | 11 days | 0.0% |
From daily values since 13-03-2026, the first day every fund has.
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs SBI Ultra Short to Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, September 2026; SBI Ultra Short to Short Term Fund, September 2026
Holdings in common
- Overlap
- 11.1%
- Held by both
- 3
- Only in Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index
- 16
- Only in SBI Ultra Short to Short Term
- 44
| Security | % of Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index | % of SBI Ultra Short to Short Term |
|---|---|---|
| Indian Bank | 3.76% | 4.47% |
| Kotak Mahindra Bank Limited | 3.74% | 4.44% |
| LIC Housing Finance Limited | 3.75% | 3.57% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.1% means 11.1% 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 Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
| Security | % of fund |
|---|---|
| Aditya Birla Capital Limited | 13.13% |
| 7.73% LIC Housing Finance Limited | 9.63% |
| 8.04% Bajaj Housing Finance Limited | 9.63% |
| Small Industries Dev Bank of India | 9.36% |
| Mahindra & Mahindra Financial Services Limited | 9.35% |
Largest holdings only in SBI Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 5.55% |
| Radhakrishna Securitisation Trust (Obligor - Digital Fibre Infrastructure Trust) | 4.57% |
| Canara Bank | 4.46% |
| ICICI Bank Ltd. | 4.43% |
| Bharti Telecom Ltd. | 4.08% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index | SBI Ultra Short to Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.5% | 93.1% |
| Cash and others | 1.5% | 6.9% |
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index vs SBI Ultra Short to Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | SBI Ultra Short to Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.11% | 0.44% |
| Base expense ratio (Direct) | 0.08% | 0.37% |
| Total expense ratio (Regular) | 0.22% | 0.92% |
| Base expense ratio (Regular) | 0.18% | 0.78% |
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 SBI Ultra Short to Short Term with
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- SBI Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- SBI Ultra Short to Short Term vs Axis Ultra Short to Short Term
- SBI Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- SBI Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund vs SBI Ultra Short to Short Term Fund: Frequently Asked Questions
What is the difference between Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund and SBI Ultra Short to Short Term Fund?
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund is a mutual fund, SBI Ultra Short to Short Term Fund is a Low Duration fund, run by Nippon India Mutual Fund and SBI Mutual Fund. Their portfolios overlap 11.1%. Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund charges 0.11% a year and SBI Ultra Short to Short Term Fund 0.44%.
Which has the lower expense ratio, Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund or SBI Ultra Short to Short Term Fund?
Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund charges less: 0.11% a year against 0.44%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund and SBI Ultra Short to Short Term Fund overlap?
11.1%. They hold 3 of the same securities, the largest shared ones being Indian Bank, Kotak Mahindra Bank Limited, LIC Housing Finance Limited. From each fund's latest monthly portfolio.
Can I invest in both Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index Fund and SBI Ultra Short to Short Term Fund?
Yes. 11.1% 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.