Tata Corporate Bond Fund vs UTI Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata Corporate Bond Fund is a Corporate Bond fund and UTI Short Term Fund is a Short Duration fund. In the 3 years to 30-10-2026, Tata Corporate Bond Fund (Direct) returned 7.0% a year and UTI Short Term Fund (Direct) returned 7.1% a year. Tata Corporate Bond Fund charges 0.32% a year and UTI Short Term Fund 0.41% (Direct plans). Their portfolios overlap 14.3%: they hold 8 of the same securities.
Tata Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.0%
- Expense ratio
- 0.32%
- NAV
- ₹13.40
UTI Short Term Fund
Short Duration
- 3 year return
- 7.1%
- Expense ratio
- 0.41%
- NAV
- ₹35.99
Which is better, Tata Corporate Bond or UTI 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 Short Term returned more over 3 years: 7.1% a year against 7.0%.
- UTI Short Term returned more over 1 year: 4.2% against 3.9%.
- Tata Corporate Bond costs less: 0.32% a year against 0.41% (Direct plans).
- UTI Short Term swung less over 3 years: a standard deviation of 0.9% a year against 1.1%.
- UTI Short Term fell less in its worst fall since 07-12-2021: −0.7% against −1.7%.
- Tata Corporate Bond is the larger fund: ₹2,676 Cr against ₹1,770 Cr.
- Their portfolios overlap 14.3%: 8 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 | Tata Corporate Bond Fund | UTI Short Term Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | UTI Mutual Fund |
| Category | Corporate Bond | Short Duration |
| AUM | ₹2,676 Cr (30-09-2026) | ₹1,770 Cr (30-09-2026) |
| NAV | ₹13.40 (Direct) | ₹35.99 (Direct) |
| Expense ratio (Direct) | 0.32% | 0.41% |
| Expense ratio (Regular) | 0.82% | 0.81% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Corporate Debt A-II Index | CRISIL Short Duration Debt A-II Index |
| Launch date | 01-12-2021 | 29-08-2003 |
| Minimum investment | ₹5,000 | Regular Plan-Monthly Reinvestment of IDCW- Rs.20000, Regular Plan-Monthly Payout of IDCW- Rs.20000, Regular Plan-Quarterly Reinvestment of IDCW- Rs.20000, Regular Plan-Quarterly Payout of IDCW- Rs.20000, Regular Plan-Growth- Rs.500, Regular Plan-Half-year |
| Lock in | None | None |
| Fund managers | Puja Kasat, Amit Somani | Anurag Mittal FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | NIL | Nil |
Tata Corporate Bond vs UTI 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 |
|---|---|---|---|---|---|---|---|
| Tata Corporate Bond Fund (Direct) | −0.26% | +0.03% | +2.34% | +3.93% | +7.03% | -- | -- |
| UTI Short Term Fund (Direct) | −0.19% | +0.15% | +2.34% | +4.24% | +7.09% | +6.43% | +6.26% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | -- | -- |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
Category average: the average of the 21 Corporate Bond funds and the 25 Short Duration funds, same plan type.
Tata Corporate Bond vs UTI Short Term: Year-wise Returns
| Year | Tata Corporate BondTata Corporate Bond | UTI Short TermUTI Short Term |
|---|---|---|
| 2026to date | +3.15% | +3.49% |
| 2025 | +7.68% | +7.81% |
| 2024 | +8.83% | +8.42% |
| 2023 | +7.50% | +7.59% |
| 2022 | +2.89% | +4.41% |
| 2021 | -- | +9.04% |
Tata Corporate Bond vs UTI Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 459 of them, one for each trading day from 09-12-2024 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.
Tata Corporate Bond Fund (Direct)
UTI Short Term Fund (Direct)
to
Feb 2025May 2022
to
May 2025Sept 2022
to
Sept 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tata Corporate Bond | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.6% | 6.3% | 8.4% |
| UTI Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.6% | 7.6% | 6.7% | 8.2% |
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 07-12-2021. Past returns do not promise future returns.
Tata Corporate Bond vs UTI 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 07-12-2021 to 30-10-2026: 59 instalments, ₹5,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata Corporate BondTata Corporate Bond Fund (Direct) | ₹5,90,000 | ₹6,92,208 | ₹1,02,208 | 6.4% |
| UTI Short TermUTI Short Term Fund (Direct) | ₹5,90,000 | ₹6,95,102 | ₹1,05,102 | 6.6% |
Tata Corporate BondTata Corporate Bond Fund (Direct)
UTI Short TermUTI 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.
Tata Corporate Bond vs UTI Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Tata Corporate Bond Fund (Direct) | UTI Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.93% | +4.24% |
| Standard deviation | 1.41% | 1.13% |
| Sharpe ratio | -0.93 | -0.89 |
| Sortino ratio | -1.26 | -1.19 |
| Maximum drawdown | −0.8% (02-04-2026) | −0.6% (23-10-2026) |
| 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 | Tata Corporate Bond Fund (Direct) | UTI Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.03% | +7.09% |
| Standard deviation | 1.15% | 0.92% |
| Sharpe ratio | 0.87 | 1.15 |
| Sortino ratio | 1.27 | 1.73 |
| Maximum drawdown | −0.8% (02-04-2026) | −0.6% (23-10-2026) |
| 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 | Tata Corporate Bond Fund (Direct) | UTI Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.15% | +7.25% |
| Standard deviation | 1.12% | 3.18% |
| Sharpe ratio | 0.27 | 0.38 |
| Sortino ratio | 0.35 | 0.42 |
| Maximum drawdown | −1.7% (09-05-2022) | −13.2% (10-06-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-12-2021 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.
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.
Tata Corporate Bond Fund (Direct)
UTI Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Tata Corporate Bond Fund (Direct) | −1.7% | 07-04-2022 | 09-05-2022 | 17-08-2022 | 3 months | −0.5% |
| UTI Short Term Fund (Direct) | −0.7% | 02-05-2022 | 06-05-2022 | 04-07-2022 | 59 days | −0.4% |
From daily values since 07-12-2021, 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.
Tata Corporate Bond Fund (Direct)
UTI 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.
Tata Corporate Bond Fund (Direct)
UTI Short Term Fund (Direct)
Tata Corporate Bond vs UTI Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Tata Corporate Bond Fund, September 2026; UTI Short Term Fund, September 2026
Holdings in common
- Overlap
- 14.3%
- Held by both
- 8
- Only in Tata Corporate Bond
- 52
- Only in UTI Short Term
- 28
| Security | % of Tata Corporate Bond | % of UTI Short Term |
|---|---|---|
| ** 07.38 % REC LTD - 28/02/2029 | 5.56% | 2.80% |
| ** 07.74 % LIC HOUSING FINANCE LTD - 11/02/2028 | 2.80% | 4.23% |
| ** 07.58 % SIDDHIVINAYAK SECURITISATION TRUST - 27/09/2030 | 3.57% | 2.70% |
| ** 07.34 % SMALL INDUST DEVLOP BANK OF INDIA - 26/02/2029 | 1.85% | 2.79% |
| ** 08.20 % INDIA UNIVERSAL TRUST AL1 - 20/09/2030 | 1.47% | 1.42% |
| ** 06.47 % INDIAN RAILWAYS FINANCE CORPORATION LTD - 30/05/2028 | 5.87% | 1.39% |
| ** 08.75 % PIRAMAL FINANCE LTD - 29/10/2027 | 0.94% | 1.98% |
| SBIMF AIF - CAT I (CDMDF)27/10/2038 | 0.44% | 0.53% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.3% means 14.3% 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 Tata Corporate Bond Fund
| Security | % of fund |
|---|---|
| ** 07.45 % POWER FINANCE CORPORATION - 15/07/2028 | 3.72% |
| ** 07.48 % NABARD - 15/09/2028 | 3.72% |
| ** 06.74 % SMALL INDUST DEVLOP BANK OF INDIA - 10/01/2029 | 3.65% |
| ** 06.59 % POWER FINANCE CORPORATION - 15/10/2030 | 3.58% |
| SGS MAHARASHTRA 7.55% (22/04/2034) | 3.33% |
Largest holdings only in UTI Short Term Fund
| Security | % of fund |
|---|---|
| NCD EXPORT IMPORT BANK OF INDIA | 6.93% |
| NCD VEDANTA LTD | 5.56% |
| NCD POONAWALLA FINCORP LTD. | 4.23% |
| NCD 360 ONE PRIME LTD | 4.22% |
| NCD SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 4.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata Corporate Bond | UTI Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.3% | 84.0% |
| Cash and others | 4.7% | 16.0% |
Tata Corporate Bond vs UTI Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata Corporate Bond Fund | UTI Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.32% | 0.41% |
| Base expense ratio (Direct) | 0.26% | 0.34% |
| Total expense ratio (Regular) | 0.82% | 0.81% |
| Base expense ratio (Regular) | 0.74% | 0.69% |
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 Tata Corporate Bond with
Tata Corporate Bond Fund vs UTI Short Term Fund: Frequently Asked Questions
What is the difference between Tata Corporate Bond Fund and UTI Short Term Fund?
Tata Corporate Bond Fund is a Corporate Bond fund, UTI Short Term Fund is a Short Duration fund, run by Tata Mutual Fund and UTI Mutual Fund. Their portfolios overlap 14.3%. Tata Corporate Bond Fund charges 0.32% a year and UTI Short Term Fund 0.41%.
Which has given higher returns, Tata Corporate Bond Fund or UTI Short Term Fund?
Over 1 year: Tata Corporate Bond Fund +3.93%, UTI Short Term Fund +4.24%. Over 3 years: Tata Corporate Bond Fund +7.03% a year, UTI Short Term Fund +7.09% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Tata Corporate Bond Fund or UTI Short Term Fund?
Tata Corporate Bond Fund charges less: 0.32% a year against 0.41%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata Corporate Bond Fund and UTI Short Term Fund overlap?
14.3%. They hold 8 of the same securities, the largest shared ones being ** 07.38 % REC LTD - 28/02/2029, ** 07.74 % LIC HOUSING FINANCE LTD - 11/02/2028, ** 07.58 % SIDDHIVINAYAK SECURITISATION TRUST - 27/09/2030. From each fund's latest monthly portfolio.
Which is riskier, Tata Corporate Bond Fund or UTI Short Term Fund?
On SEBI's riskometer, Tata Corporate Bond Fund is rated Moderate and UTI Short Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.15% and 0.92% a year.
Which is better for SIP, Tata Corporate Bond Fund or UTI Short Term Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,05,619 in Tata Corporate Bond Fund (XIRR 5.9% a year) and ₹4,06,723 in UTI Short Term Fund (XIRR 6.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Tata Corporate Bond Fund and UTI Short Term Fund?
Yes. 14.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Tata Corporate Bond Fund and UTI Short Term Fund?
Tata Corporate Bond Fund: Puja Kasat, Amit Somani. UTI 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.