Nippon India Ultra Short to Short Term Fund vs UTI Floating Interest Rates Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Ultra Short to Short Term Fund is a Low Duration fund and UTI Floating Interest Rates Fund is a Floater fund. In the 3 years to 30-10-2026, Nippon India Ultra Short to Short Term Fund (Direct) returned 7.3% a year and UTI Floating Interest Rates Fund (Direct) returned 7.0% a year. Nippon India Ultra Short to Short Term Fund charges 0.39% a year and UTI Floating Interest Rates Fund 0.44% (Direct plans). Their portfolios overlap 13.1%: they hold 10 of the same securities.
Nippon India Ultra Short to Short Term Fund
Low Duration
- 3 year return
- 7.3%
- Expense ratio
- 0.39%
- NAV
- ₹4,307.67
UTI Floating Interest Rates Fund
Floater
- 3 year return
- 7.0%
- Expense ratio
- 0.44%
- NAV
- ₹1,689.29
Which is better, Nippon India Ultra Short to Short Term or UTI Floating Interest Rates? 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 Ultra Short to Short Term returned more over 5 years: 6.7% a year against 6.3%.
- Nippon India Ultra Short to Short Term returned more over 3 years: 7.3% a year against 7.0%.
- Nippon India Ultra Short to Short Term costs less: 0.39% a year against 0.44% (Direct plans).
- Nippon India Ultra Short to Short Term swung less over 3 years: a standard deviation of 0.5% a year against 0.6%.
- UTI Floating Interest Rates fell less in its worst fall since 31-10-2018: −1.5% against −2.0%.
- Nippon India Ultra Short to Short Term is the larger fund: ₹7,096 Cr against ₹1,506 Cr.
- Their portfolios overlap 13.1%: 10 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 Ultra Short to Short Term Fund | UTI Floating Interest Rates Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | UTI Mutual Fund |
| Category | Low Duration | Floater |
| AUM | ₹7,096 Cr (30-09-2026) | ₹1,506 Cr (30-09-2026) |
| NAV | ₹4,307.67 (Direct) | ₹1,689.29 (Direct) |
| Expense ratio (Direct) | 0.39% | 0.44% |
| Expense ratio (Regular) | 0.99% | 0.86% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Low Duration Debt A-I Index | CRISIL Short Duration Debt A-II Index |
| Launch date | 20-03-2007 | 30-10-2018 |
| Minimum investment | Daily Income Distribution cum capital withdrawal Option - Rs.10,000 & in multiples of Re. 1 thereafter, Weekly IDCW Option - Rs.5,000 & in multiples of Re. 1 thereafter , All other Options - Rs. 500 and in multiples of Re. 1 thereafter | Regular Plan-Quarterly Reinvestment of IDCW- Rs.20000, Regular Plan-Quarterly Payout of IDCW- Rs.20000, Direct Plan-Quarterly Reinvestment of IDCW- Rs.20000, Direct Plan-Quarterly Payout of IDCW- Rs.20000, Regular Plan-Half-yearly Reinvestment of IDCW- Rs |
| Lock in | None | None |
| Fund managers | Vivek Sharma | Pankaj Pathak FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Nil | Nil |
Nippon India Ultra Short to Short Term vs UTI Floating Interest Rates: 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 Ultra Short to Short Term Fund (Direct) | +0.21% | +1.19% | +3.11% | +5.95% | +7.34% | +6.74% | +6.92% |
| UTI Floating Interest Rates Fund (Direct) | +0.15% | +0.94% | +2.71% | +5.58% | +6.95% | +6.31% | -- |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | -- |
Category average: the average of the 25 Low Duration funds and the 12 Floater funds, same plan type.
Nippon India Ultra Short to Short Term vs UTI Floating Interest Rates: Year-wise Returns
| Year | Nippon India Ultra Short to Short TermNippon India Ultra Short to Short Term | UTI Floating Interest RatesUTI Floating Interest Rates |
|---|---|---|
| 2026to date | +4.89% | +4.61% |
| 2025 | +7.86% | +7.49% |
| 2024 | +8.02% | +7.54% |
| 2023 | +7.37% | +7.32% |
| 2022 | +4.85% | +4.29% |
| 2021 | +4.81% | +3.93% |
Nippon India Ultra Short to Short Term vs UTI Floating Interest Rates: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,210 of them, one for each trading day from 01-11-2021 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.
Nippon India Ultra Short to Short Term Fund (Direct)
UTI Floating Interest Rates Fund (Direct)
to
Mar 2022Jan 2020
to
Jan 2023Dec 2020
to
Dec 2023Oct 2021
to
Oct 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Ultra Short to Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.6% | 6.5% | 5.6% | 7.9% |
| UTI Floating Interest Rates | 0.0 | 2.2 | 97.8 | 0.0 | 0.0 | 0.0 | 0.0 | 6.3% | 6.2% | 4.9% | 7.6% |
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 31-10-2018. Past returns do not promise future returns.
Nippon India Ultra Short to Short Term vs UTI Floating Interest Rates: 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 01-10-2018 to 30-10-2026: 97 instalments, ₹9,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Ultra Short to Short TermNippon India Ultra Short to Short Term Fund (Direct) | ₹9,70,000 | ₹12,83,563 | ₹3,13,563 | 6.8% |
| UTI Floating Interest RatesUTI Floating Interest Rates Fund (Direct) | ₹9,70,000 | ₹12,66,727 | ₹2,96,727 | 6.5% |
Nippon India Ultra Short to Short TermNippon India Ultra Short to Short Term Fund (Direct)
UTI Floating Interest RatesUTI Floating Interest Rates 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.
Nippon India Ultra Short to Short Term vs UTI Floating Interest Rates: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Ultra Short to Short Term Fund (Direct) | UTI Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.95% | +5.58% |
| Standard deviation | 0.62% | 0.62% |
| Sharpe ratio | 1.13 | 0.53 |
| Sortino ratio | 1.70 | 0.77 |
| Maximum drawdown | −0.2% (21-05-2026) | −0.2% (21-05-2026) |
| 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 | Nippon India Ultra Short to Short Term Fund (Direct) | UTI Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.34% | +6.95% |
| Standard deviation | 0.50% | 0.58% |
| Sharpe ratio | 2.65 | 1.60 |
| Sortino ratio | 4.54 | 2.55 |
| Maximum drawdown | −0.2% (21-05-2026) | −0.3% (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 | Nippon India Ultra Short to Short Term Fund (Direct) | UTI Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.74% | +6.31% |
| Standard deviation | 0.48% | 0.54% |
| Sharpe ratio | 1.96 | 0.94 |
| Sortino ratio | 3.09 | 1.40 |
| Maximum drawdown | −0.4% (06-05-2022) | −0.3% (13-06-2025) |
| 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 | Nippon India Ultra Short to Short Term Fund (Direct) | UTI Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.57% | +6.76% |
| Standard deviation | 0.85% | 0.86% |
| Sharpe ratio | 1.78 | 1.77 |
| Sortino ratio | 2.32 | 3.50 |
| Maximum drawdown | −2.0% (04-06-2019) | −1.5% (24-03-2020) |
| 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.
Nippon India Ultra Short to Short Term Fund (Direct)
UTI Floating Interest Rates Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India Ultra Short to Short Term Fund (Direct) | −2.0% | 03-06-2019 | 04-06-2019 | 20-08-2019 | 3 months | 0.0% |
| UTI Floating Interest Rates Fund (Direct) | −1.5% | 06-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | −0.0% |
From daily values since 31-10-2018, 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.
Nippon India Ultra Short to Short Term Fund (Direct)
UTI Floating Interest Rates 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.
Nippon India Ultra Short to Short Term Fund (Direct)
UTI Floating Interest Rates 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.
Nippon India Ultra Short to Short Term Fund (Direct)
UTI Floating Interest Rates Fund (Direct)
Nippon India Ultra Short to Short Term vs UTI Floating Interest Rates: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Ultra Short to Short Term Fund, September 2026; UTI Floating Interest Rates Fund, September 2026
Holdings in common
- Overlap
- 13.1%
- Held by both
- 10
- Only in Nippon India Ultra Short to Short Term
- 77
- Only in UTI Floating Interest Rates
- 30
| Security | % of Nippon India Ultra Short to Short Term | % of UTI Floating Interest Rates |
|---|---|---|
| 7.55% Poonawalla Fincorp Limited | 2.81% | 2.15% |
| 7.75% Bharti Telecom Limited | 1.89% | 3.29% |
| 8% Tata Capital Housing Finance Limited | 2.11% | 1.66% |
| Radhakrishna Securitisation Trust | 2.69% | 1.58% |
| 7.7% National Bank For Agriculture and Rural Development | 1.41% | 1.66% |
| 7.12% Tata Capital Housing Finance Limited | 1.40% | 3.30% |
| 7.44% Small Industries Dev Bank of India | 1.40% | 1.65% |
| HDFC Bank Limited | 0.68% | 1.61% |
| 7.85% Power Finance Corporation Limited | 0.57% | 1.67% |
| Corporate Debt Market Development Fund Class A2 | 0.42% | 0.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.1% means 13.1% 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 Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 5.82% |
| 6.6% REC Limited | 2.59% |
| 6.73% Power Finance Corporation Limited | 2.45% |
| 7.9% Truhome Finance Limited | 2.09% |
| 7.48% National Bank For Agriculture and Rural Development | 2.03% |
Largest holdings only in UTI Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| NCD SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 6.57% |
| GOI FRB - MAT 04/10/2028 | 5.01% |
| NCD NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 4.99% |
| CD - CANARA BANK - 22/01/2027 | 4.88% |
| NCD INDIAN RAILWAY FINANCE CORPORATION LIMITED | 3.33% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Ultra Short to Short Term | UTI Floating Interest Rates |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 93.1% | 92.5% |
| Cash and others | 6.9% | 7.5% |
Nippon India Ultra Short to Short Term vs UTI Floating Interest Rates: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Ultra Short to Short Term Fund | UTI Floating Interest Rates Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.39% | 0.44% |
| Base expense ratio (Direct) | 0.32% | 0.37% |
| Total expense ratio (Regular) | 0.99% | 0.86% |
| Base expense ratio (Regular) | 0.83% | 0.75% |
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 Nippon India Ultra Short to Short Term with
Compare UTI Floating Interest Rates with
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- UTI Floating Interest Rates vs Bandhan Floating Interest Rates
- UTI Floating Interest Rates vs ICICI Prudential Floating Interest Rates
- UTI Floating Interest Rates vs Kotak Floating Interest Rates
Nippon India Ultra Short to Short Term Fund vs UTI Floating Interest Rates Fund: Frequently Asked Questions
What is the difference between Nippon India Ultra Short to Short Term Fund and UTI Floating Interest Rates Fund?
Nippon India Ultra Short to Short Term Fund is a Low Duration fund, UTI Floating Interest Rates Fund is a Floater fund, run by Nippon India Mutual Fund and UTI Mutual Fund. Their portfolios overlap 13.1%. Nippon India Ultra Short to Short Term Fund charges 0.39% a year and UTI Floating Interest Rates Fund 0.44%.
Which has given higher returns, Nippon India Ultra Short to Short Term Fund or UTI Floating Interest Rates Fund?
Over 1 year: Nippon India Ultra Short to Short Term Fund +5.95%, UTI Floating Interest Rates Fund +5.58%. Over 3 years: Nippon India Ultra Short to Short Term Fund +7.34% a year, UTI Floating Interest Rates Fund +6.95% a year. Over 5 years: Nippon India Ultra Short to Short Term Fund +6.74% a year, UTI Floating Interest Rates Fund +6.31% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Ultra Short to Short Term Fund or UTI Floating Interest Rates Fund?
Nippon India Ultra Short to Short Term Fund charges less: 0.39% a year against 0.44%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Ultra Short to Short Term Fund and UTI Floating Interest Rates Fund overlap?
13.1%. They hold 10 of the same securities, the largest shared ones being 7.55% Poonawalla Fincorp Limited, 7.75% Bharti Telecom Limited, 8% Tata Capital Housing Finance Limited. From each fund's latest monthly portfolio.
Which is riskier, Nippon India Ultra Short to Short Term Fund or UTI Floating Interest Rates Fund?
On SEBI's riskometer, Nippon India Ultra Short to Short Term Fund is rated Low to Moderate and UTI Floating Interest Rates Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.50% and 0.58% a year.
Which is better for SIP, Nippon India Ultra Short to Short Term Fund or UTI Floating Interest Rates Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,30,679 in Nippon India Ultra Short to Short Term Fund (XIRR 7.0% a year) and ₹7,23,863 in UTI Floating Interest Rates Fund (XIRR 6.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Ultra Short to Short Term Fund and UTI Floating Interest Rates Fund?
Yes. 13.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Nippon India Ultra Short to Short Term Fund and UTI Floating Interest Rates Fund?
Nippon India Ultra Short to Short Term Fund: Vivek Sharma. UTI Floating Interest Rates Fund: Pankaj Pathak 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.