Shriram Money Market Fund vs UTI Ultra Short to Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Shriram Money Market Fund is a Money Market fund and UTI Ultra Short to Short Term Fund is a Low Duration fund. Shriram Money Market Fund charges 0.12% a year and UTI Ultra Short to Short Term Fund 0.37% (Direct plans). Their portfolios overlap 10.4%: they hold 4 of the same securities.
UTI Ultra Short to Short Term Fund
Low Duration
- Expense ratio
- 0.37%
- NAV
- ₹3,899.96
Which is better, Shriram Money Market or UTI 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.
- Shriram Money Market costs less: 0.12% a year against 0.37% (Direct plans).
- Shriram Money Market fell less in its worst fall since 28-01-2026: −0.2% against −0.2%.
- UTI Ultra Short to Short Term is the larger fund: ₹2,604 Cr against ₹78 Cr.
- Their portfolios overlap 10.4%: 4 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 | Shriram Money Market Fund | UTI Ultra Short to Short Term Fund |
|---|---|---|
| Fund house | Shriram Mutual Fund | UTI Mutual Fund |
| Category | Money Market | Low Duration |
| AUM | ₹78 Cr (30-09-2026) | ₹2,604 Cr (30-09-2026) |
| NAV | ₹1,048.23 (Direct) | ₹3,899.96 (Direct) |
| Expense ratio (Direct) | 0.12% | 0.37% |
| Expense ratio (Regular) | 0.35% | 0.65% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | NIFTY Money Market Index A-I | NIFTY Low Duration Debt Index A-I |
| Launch date | 27-01-2026 | 12-07-1999 |
| Minimum investment | ₹1,000 | Regular Plan-Weekly Reinvestment of IDCW- Rs.20000, Regular Plan-Weekly Payout of IDCW- Rs.20000, Regular Plan-Quarterly Reinvestment of IDCW- Rs.20000, Regular Plan-Quarterly Payout of IDCW- Rs.20000, Regular Plan-Monthly Reinvestment of IDCW- Rs.20000, |
| Lock in | None | None |
| Fund managers | Amit Modani | Anurag Mittal FM 1, Not ApplicableFM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | NIL | Nil |
Shriram Money Market vs UTI 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 |
|---|---|---|---|---|---|---|---|
| Shriram Money Market Fund (Direct) | +0.31% | +1.41% | +3.11% | -- | -- | -- | -- |
| UTI Ultra Short to Short Term Fund (Direct) | +0.17% | +1.13% | +2.94% | +5.74% | +7.13% | +6.51% | +5.98% |
| Money Market average | +0.33% | +1.49% | +3.29% | -- | -- | -- | -- |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
Category average: the average of the 27 Money Market funds and the 25 Low Duration funds, same plan type.
Shriram Money Market vs UTI Ultra Short to Short Term: Year-wise Returns
| Year | Shriram Money MarketShriram Money Market | UTI Ultra Short to Short TermUTI Ultra Short to Short Term |
|---|---|---|
| 2026to date | -- | +4.70% |
| 2025 | -- | +7.65% |
| 2024 | -- | +7.78% |
| 2023 | -- | +7.23% |
| 2022 | -- | +4.61% |
| 2021 | -- | +9.08% |
Shriram Money Market vs UTI Ultra Short to Short Term: Rolling Returns
Every holding period of both funds
Shriram Money Market vs UTI 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 | Shriram Money Market Fund (Direct) | UTI Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.30% | +6.90% |
| Standard deviation | 0.55% | 2.77% |
| Sharpe ratio | 1.98 | 0.31 |
| Sortino ratio | 3.13 | 0.33 |
| Maximum drawdown | −0.2% (22-05-2026) | −12.1% (07-06-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-01-2026 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.
Shriram Money Market Fund (Direct)
UTI 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 |
|---|---|---|---|---|---|---|
| Shriram Money Market Fund (Direct) | −0.2% | 11-05-2026 | 22-05-2026 | 01-06-2026 | 10 days | 0.0% |
| UTI Ultra Short to Short Term Fund (Direct) | −0.2% | 11-05-2026 | 21-05-2026 | 01-06-2026 | 11 days | −0.0% |
From daily values since 28-01-2026, the first day every fund has.
Shriram Money Market vs UTI Ultra Short to Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Shriram Money Market Fund, September 2026; UTI Ultra Short to Short Term Fund, September 2026
Holdings in common
- Overlap
- 10.4%
- Held by both
- 4
- Only in Shriram Money Market
- 6
- Only in UTI Ultra Short to Short Term
- 45
| Security | % of Shriram Money Market | % of UTI Ultra Short to Short Term |
|---|---|---|
| 364 DAYS TBILL RED 10-12-2026 | 6.33% | 7.60% |
| UNION BANK OF INDIA CD RED 22-02-2027 | 11.21% | 1.87% |
| ICICI BANK CD RED 08-03-2027 | 6.21% | 1.87% |
| SBI CDMDF--A2 | 0.31% | 0.38% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.4% means 10.4% 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 Shriram Money Market Fund
| Security | % of fund |
|---|---|
| HDFC BANK CD RED 24-02-2027 | 12.45% |
| KOTAK SECURITIES LTD CP RED 23-02-2027 | 12.42% |
| EXIM BANK CP RED 12-03-27 | 12.41% |
| NABARD CD RED 18-03-2027 | 12.38% |
| BANK OF BARODA CD RED 12-02-27 | 11.23% |
Largest holdings only in UTI Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| NCD REC LTD | 5.38% |
| NCD NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 4.81% |
| NCD MAHINDRA RURAL HOUSING FINANCE LTD | 3.85% |
| NCD SUMMIT DIGITEL INFRASTRUCTURE LTD | 3.81% |
| NCD EMBASSY OFFICE PARKS REIT | 3.65% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Shriram Money Market | UTI Ultra Short to Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 90.8% | 93.0% |
| Cash and others | 9.2% | 7.0% |
Shriram Money Market vs UTI Ultra Short to Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Shriram Money Market Fund | UTI Ultra Short to Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.12% | 0.37% |
| Base expense ratio (Direct) | 0.09% | 0.31% |
| Total expense ratio (Regular) | 0.35% | 0.65% |
| Base expense ratio (Regular) | 0.28% | 0.55% |
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 Shriram Money Market with
Compare UTI Ultra Short to Short Term with
- UTI Ultra Short to Short Term vs HSBC Ultra Short to Short Term
- UTI Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- UTI Ultra Short to Short Term vs Axis Ultra Short to Short Term
- UTI Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- UTI Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
Shriram Money Market Fund vs UTI Ultra Short to Short Term Fund: Frequently Asked Questions
What is the difference between Shriram Money Market Fund and UTI Ultra Short to Short Term Fund?
Shriram Money Market Fund is a Money Market fund, UTI Ultra Short to Short Term Fund is a Low Duration fund, run by Shriram Mutual Fund and UTI Mutual Fund. Their portfolios overlap 10.4%. Shriram Money Market Fund charges 0.12% a year and UTI Ultra Short to Short Term Fund 0.37%.
Which has the lower expense ratio, Shriram Money Market Fund or UTI Ultra Short to Short Term Fund?
Shriram Money Market Fund charges less: 0.12% a year against 0.37%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Shriram Money Market Fund and UTI Ultra Short to Short Term Fund overlap?
10.4%. They hold 4 of the same securities, the largest shared ones being 364 DAYS TBILL RED 10-12-2026, UNION BANK OF INDIA CD RED 22-02-2027, ICICI BANK CD RED 08-03-2027. From each fund's latest monthly portfolio.
Which is riskier, Shriram Money Market Fund or UTI Ultra Short to Short Term Fund?
On SEBI's riskometer, Shriram Money Market Fund is rated Low to Moderate and UTI Ultra Short to Short Term Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 0.55% and 2.77% a year.
Can I invest in both Shriram Money Market Fund and UTI Ultra Short to Short Term Fund?
Yes. 10.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Shriram Money Market Fund and UTI Ultra Short to Short Term Fund?
Shriram Money Market Fund: Amit Modani. UTI Ultra Short to Short Term Fund: Anurag Mittal FM 1, Not ApplicableFM 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.