ICICI Prudential Ultra Short Term Fund

Ultra ShortDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

ICICI Prudential Ultra Short Term Fund is an Ultra Short fund run by ICICI Prudential Mutual Fund. On 30-09-2026, it managed ₹15,236 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.3% a year and its Regular plan returned 6.9% a year. Its benchmark, NIFTY Ultra Short Duration Debt Index A-I, returned 7.2% a year over the same 3 years.

NAV (Direct plan): ₹32.60; ▲ 0.02%30-10-2026
NAV (Regular plan): ₹29.98; ▲ 0.02%30-10-2026
Expense ratio: 0.40%Direct0.80%Regular; 0.40%; A year
Riskometer: Not available; Set by the fund house
3 year return: 7.3%Direct6.9%Regular; 7.3%; A year

ICICI Prudential Ultra Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹32.60 (up 0.02% that day); Regular Plan Growth ₹29.98 (up 0.02% that day).

This fund (Direct plan)

₹32.5955

ICICI Prudential Ultra Short Term Fund Returns vs NIFTY Ultra Short Duration Debt Index A-I

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	+0.29%	+1.40%	+3.20%	+6.37%	+7.31%	+6.78%	+7.15%
This fund (Regular)	+0.25%	+1.30%	+3.00%	+5.96%	+6.89%	+6.32%	+6.58%
NIFTY Ultra Short Duration Debt Index A-I	+0.53%	+1.65%	+3.66%	+6.67%	+7.20%	+6.59%	--
Ultra Short average	+0.30%	+1.34%	+3.06%	+6.00%	+6.82%	+6.27%	+6.43%
Best in Ultra Short	+0.39%	+1.59%	+3.46%	+6.84%	+7.44%	+6.82%	+7.19%
Worst in Ultra Short	−0.11%	0.00%	+0.02%	0.00%	0.00%	+0.41%	+4.08%
Rank in Ultra Short	22/26	19/25	11/25	11/25	5/23	4/22	2/11

Category rows compare the Direct plans of 26 Ultra Short funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

ICICI Prudential Ultra Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.28%	+4.95%
2025	+7.52%	+7.08%
2024	+7.90%	+7.49%
2023	+7.39%	+6.91%
2022	+5.05%	+4.54%
2021	+4.58%	+4.00%

ICICI Prudential Ultra Short Term Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,613 periods, one for each trading day from 11-01-2016 to 30-10-2026.

0%5%10%15%

Nov 2013
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025

ICICI Prudential Ultra Short Term Fund (Direct)Category average, 26 Ultra Short funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	3,090	7.7%	2.5%	16.7%	0%	7.1%	95%
2 years	2,854	7.9%	4.6%	13.9%	0%	7.1%	98%
3 years	2,613	7.7%	5.5%	12.9%	0%	7.0%	100%
5 years	2,130	6.9%	6.4%	10.8%	0%	6.1%	100%
7 years	1,648	7.4%	6.6%	10.3%	0%	6.2%	100%
10 years	920	7.8%	7.1%	8.7%	0%	6.7%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	154	7.8%	2.4%	17.6%	0%	7.1%	97%
2 years	142	7.8%	4.4%	12.8%	0%	7.1%	100%
3 years	130	7.8%	5.0%	12.0%	0%	6.9%	100%
5 years	106	7.1%	6.0%	9.9%	0%	6.5%	100%
7 years	82	6.9%	6.5%	9.3%	0%	6.2%	100%
10 years	46	7.2%	6.9%	7.5%	0%	6.3%	100%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 26 Ultra Short funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

ICICI Prudential Ultra Short Term Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	ICICI Prudential Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.37%	+6.00%
Standard deviation	0.48%	0.44%
Sharpe ratio	2.35	1.73
Sortino ratio	3.82	2.73
Maximum drawdown	−0.11% (08-07-2026)	−0.09% (08-07-2026)

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.

Measure	ICICI Prudential Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.31%	+6.81%
Standard deviation	0.39%	0.36%
Sharpe ratio	3.25	2.17
Sortino ratio	6.24	3.92
Maximum drawdown	−0.11% (08-07-2026)	−0.09% (08-07-2026)

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.

Measure	ICICI Prudential Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.78%	+6.28%
Standard deviation	0.37%	0.34%
Sharpe ratio	2.67	1.40
Sortino ratio	4.97	2.37
Maximum drawdown	−0.18% (06-05-2022)	−0.22% (06-05-2022)

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.

Measure	ICICI Prudential Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.15%	+6.32%
Standard deviation	0.58%	0.50%
Sharpe ratio	3.01	1.84
Sortino ratio	5.55	2.99
Maximum drawdown	−1.1% (24-03-2020)	−0.77% (24-03-2020)

From daily NAVs, 28-10-2016 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.

Measure	ICICI Prudential Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.90%	+7.08%
Standard deviation	1.69%	0.60%
Sharpe ratio	1.09	1.73
Sortino ratio	1.46	2.61
Maximum drawdown	−7.5% (19-08-2013)	−0.92% (24-07-2013)

From daily NAVs, 09-01-2013 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.

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.

−8%−6%−4%−2%0%

2014201620182020202220242026

ICICI Prudential Ultra Short Term Fund (Direct)Category average, 26 Ultra Short funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
ICICI Prudential Ultra Short Term Fund (Direct)	−7.5%	28-05-2013	19-08-2013	27-03-2014	7 months	0.0%
Category average	−0.92%	15-07-2013	24-07-2013	02-09-2013	40 days	0.0%

From the Direct plan's daily NAV since 09-01-2013, adjusted for unit splits, and the average of the 26 Ultra Short funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

ICICI Prudential Ultra Short Term Fund vs Other Ultra Short Funds

The five Ultra Short funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Tata Ultra Short Term Fund	1/23	5,404	0.33%	+6.84%	+7.44%	--	--	3.83	7.92	Compare
Aditya Birla Sun Life Ultra Short Term Fund	2/23	16,279	0.32%	+6.36%	+7.41%	--	--	3.30	6.20	Compare
Axis Ultra Short Term fund	3/23	4,996	0.36%	+6.56%	+7.37%	--	--	3.53	7.07	Compare
Mirae Asset Ultra Short-Term Fund	4/23	1,808	0.22%	+6.48%	+7.34%	--	--	3.33	6.25	Compare
ICICI Prudential Ultra Short Term Fund	5/23	15,236	0.40%	+6.37%	+7.31%	--	--	3.25	6.24

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

ICICI Prudential Ultra Short Term Fund Expense Ratio and Costs

What each plan charges a year, in force from 04-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Ultra Short median	Cost rank (1 = cheapest)
Direct	0.34%	0.00%	0.00%	0.06%	0.40%	0.30%	25/26
Regular	0.68%	0.00%	0.00%	0.12%	0.80%	0.81%	12/26

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Ultra Short funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	5.96%	6.37%	0.41%	₹1,05,960	₹1,06,370
3 years	6.89%	7.31%	0.42% a year	₹1,22,127	₹1,23,572
5 years	6.32%	6.78%	0.46% a year	₹1,35,855	₹1,38,819
10 years	6.58%	7.15%	0.57% a year	₹1,89,129	₹1,99,490

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

ICICI Prudential Ultra Short Term Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 09-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planICICI Prudential Ultra Short Term Fund (Direct)	₹16,60,000	₹28,45,364	₹11,85,364	7.4%
Regular planICICI Prudential Ultra Short Term Fund (Regular)	₹16,60,000	₹27,22,586	₹10,62,586	6.8%
Category averageCategory average, 26 Ultra Short funds	₹16,60,000	₹26,61,605	₹10,01,605	6.5%

₹0₹10.0 L₹20.0 L₹30.0 L

2014201620182020202220242026

Direct planICICI Prudential Ultra Short Term Fund (Direct)Regular planICICI Prudential Ultra Short Term Fund (Regular)Category averageCategory average, 26 Ultra Short fundsAmount invested

From each plan's published NAV (Growth option) and the category average, 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.

ICICI Prudential Ultra Short Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

97.3%Debt

Asset	Fund	Category
Debt	97.3%	96.7%
Cash and others	2.7%	3.8%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 26 Ultra Short funds.

Rating	Fund	Category
Sovereign	8.7%	7.3%
AAA and A1+	70.0%	77.2%
AA	18.5%	12.2%

ICICI Prudential Ultra Short Term Fund Portfolio Holdings

As on 30-09-2026 · 120 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
91 Days Treasury Bills · Government security	SOV	3.28%
Canara Bank · Certificate of deposit	CRISIL A1+	3.03%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	2.89%
Punjab National Bank · Certificate of deposit	CRISIL A1+	2.57%
NABARD · Bond	ICRA AAA	2.45%
Small Industries Development Bank Of India. · Bond	CRISIL AAA	2.30%
HDFC Bank Ltd. · Certificate of deposit	CRISIL A1+	2.24%
Vedanta Ltd. · Bond	CRISIL AA+	2.08%
Government Securities · Government security	SOV	2.03%
NABARD · Bond	ICRA AAA	2.00%
91 Days Treasury Bills · Government security	SOV	1.97%
Axis Bank Ltd.	CRISIL A1+	1.93%
Angel One Ltd. · Commercial paper	ICRA A1+	1.92%
Radhakrishna Securitization Trust	CRISIL AAA(SO)	1.72%
AU Small Finance Bank Ltd. · Certificate of deposit	CRISIL A1+	1.62%
Bank Of Baroda · Certificate of deposit	FITCH A1+	1.61%
IndusInd Bank Ltd. · Certificate of deposit	CRISIL A1+	1.61%
Piramal Finance Ltd. · Bond	CARE AA+	1.51%
Muthoot Finance Ltd. · Bond	ICRA AA+	1.48%
Ultratech Cement Ltd. · Bond	CRISIL AAA	1.44%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	1.31%
Punjab National Bank · Certificate of deposit	CRISIL A1+	1.28%
Motilal Oswal Financial Services Ltd. · Commercial paper	CRISIL A1+	1.28%
The Federal Bank Ltd. · Certificate of deposit	CRISIL A1+	1.25%
Angel One Ltd. · Commercial paper	ICRA A1+	1.23%
Kotak Mahindra Bank Ltd.	CRISIL A1+	1.13%
Canara Bank · Certificate of deposit	CRISIL A1+	1.12%
Indian Railway Finance Corporation Ltd. · Bond	CRISIL AAA	0.99%
DLF Cyber City Developers Ltd. · Bond	ICRA AAA	0.99%
Mahindra Rural Housing Finance Ltd. · Bond	CRISIL AAA	0.99%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	0.98%
Mashreq Bank PSC India Branch · Certificate of deposit	CRISIL A1+	0.97%
Equitas Small Finance Bank Ltd. · Certificate of deposit	CRISIL A1+	0.97%
Vedanta Power Ltd. · Commercial paper	CRISIL A1+	0.97%
Panatone Finvest Ltd. · Commercial paper	CRISIL A1+	0.96%
NABARD · Certificate of deposit	CRISIL A1+	0.96%
Nirma Ltd. · Bond	CRISIL AA	0.96%
NABARD · Certificate of deposit	CRISIL A1+	0.96%
Yes Bank Ltd. · Certificate of deposit	CRISIL A1+	0.96%
IndusInd Bank Ltd. · Certificate of deposit	CRISIL A1+	0.95%
Vedanta Power Ltd. · Commercial paper	CRISIL A1+	0.95%
EMBASSY OFFICE PARKS REIT · Bond	CRISIL AAA	0.95%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	0.92%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	0.82%
Nuvama Wealth Finance Ltd. · Bond	CARE AA	0.82%
LIC Housing Finance Ltd. · Commercial paper	CRISIL A1+	0.80%
360 One Prime Ltd · Bond	ICRA AA	0.73%
Godrej Industries Ltd. · Bond	CRISIL AA+	0.66%
UNO Minda Ltd. · Bond	ICRA AA+	0.66%
NABARD · Bond	ICRA AAA	0.66%
Nuvama Wealth Finance Ltd. · Bond	ICRA AA	0.66%
Nuvama Wealth & Investment Ltd · Bond	ICRA AA	0.65%
NABARD · Bond	CRISIL AAA	0.65%
NABARD · Bond	CRISIL AAA	0.65%
Manappuram Finance Ltd. · Bond	CRISIL AA	0.65%
Motilal Oswal Financial Services Ltd. · Bond	CRISIL AA+	0.65%
Phoenix Arc Pvt Ltd. · Commercial paper	CRISIL A1+	0.65%
HDFC Bank Ltd. · Certificate of deposit	CRISIL A1+	0.64%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	0.64%
IDFC First Bank Ltd. · Certificate of deposit	CRISIL A1+	0.64%
Canara Bank · Certificate of deposit	CRISIL A1+	0.64%
Canara Bank · Certificate of deposit	CRISIL A1+	0.64%
Axis Bank Ltd.	CRISIL A1+	0.64%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	0.64%
Bank Of Baroda · Certificate of deposit	FITCH A1+	0.64%
Union Bank Of India · Certificate of deposit	ICRA A1+	0.64%
Union Bank Of India · Certificate of deposit	ICRA A1+	0.64%
JM Financial Credit Solution Ltd. · Bond	ICRA AA	0.49%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	0.49%
Lodha Developers Ltd · Bond	CRISIL AA	0.49%
360 One Prime Ltd. · Bond	ICRA AA	0.49%
Motilal Oswal Home Finance Ltd · Bond	ICRA AA+	0.49%
Bajaj Housing Finance Ltd. · Bond	CRISIL AAA	0.49%
NABARD · Bond	CRISIL AAA	0.49%
JM Financial Services Ltd. · Bond	ICRA AA	0.49%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	0.48%
Tata Capital Housing Finance Ltd. · Bond	CRISIL AAA	0.46%
State Government of Tamil Nadu · State government security	SOV	0.40%
Mahindra Rural Housing Finance Ltd. · Bond	CRISIL AAA	0.39%
State Government of Telangana	SOV	0.36%
Shriram Pistons & Rings Ltd · Bond	FITCH AA+	0.34%
State Government of West Bengal · State government security	SOV	0.33%
Muthoot Finance Ltd. · Bond	CRISIL AA+	0.33%
Sundaram Home Finance Ltd. · Bond	ICRA AAA	0.33%
UNO Minda Ltd. · Bond	ICRA AA+	0.33%
Aavas Financiers Ltd. · Bond	CARE AA	0.33%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	0.33%
Bahadur Chand Investments Pvt. Ltd. · Bond	ICRA AA+	0.33%
360 One Prime Ltd · Bond	ICRA AA	0.33%
Truhome Finance Ltd. · Bond	FITCH AA	0.33%
360 One Prime Ltd. · Bond	ICRA AA	0.33%
360 One Prime Ltd · Bond	ICRA AA	0.33%
Corporate Debt Market Development Fund (Class A2)	Financial Services	0.33%
Rural Electrification Corporation Ltd. · Bond	ICRA AAA	0.32%
NABARD · Certificate of deposit	CRISIL A1+	0.32%
Bank Of Baroda · Certificate of deposit	FITCH A1+	0.32%
Bank Of Baroda · Certificate of deposit	FITCH A1+	0.32%
Bank Of Baroda · Certificate of deposit	FITCH A1+	0.32%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	0.32%
HDFC Bank Ltd. · Certificate of deposit	CRISIL A1+	0.32%
Canara Bank · Certificate of deposit	CRISIL A1+	0.32%
State Government of Bihar · State government security	SOV	0.30%
Motilal oswal finvest Ltd · Bond	CRISIL AA+	0.30%
Aadhar Housing Finance Ltd. · Bond	ICRA AA+	0.26%
Shriram Pistons & Rings Ltd · Bond	FITCH AA+	0.25%
Aadharshila Infratech Pvt Ltd · Bond	CARE AA+	0.19%
Muthoot Finance Ltd. · Bond	CRISIL AA+	0.16%
Muthoot Finance Ltd. · Bond	CRISIL AA+	0.16%
Shriram Finance Ltd. · Bond	CRISIL AAA	0.16%
Muthoot Finance Ltd. · Bond	CRISIL AA+	0.16%
Rural Electrification Corporation Ltd. · Bond	ICRA AAA	0.16%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	0.16%
NABARD · Certificate of deposit	CRISIL A1+	0.16%
Phoenix Arc Pvt Ltd. · Bond	CRISIL AA	0.11%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	0.07%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	0.07%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	0.07%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	0.07%
Bharti Telecom Ltd. · Bond	CRISIL AAA	0.07%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	0.02%

ICICI Prudential Ultra Short Term Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
ICICI Prudential Ultra Short to Short Term FundLow Duration · ICICI Prudential	23.2%	44	Compare
HDFC Ultra Short Term FundUltra Short · HDFC	18.9%	29	Compare
ICICI Prudential Money Market FundMoney Market · ICICI Prudential	18.9%	30	Compare
HSBC Money Market FundMoney Market · HSBC	18.3%	20	Compare
Kotak Ultra Short Term FundUltra Short · Kotak Mahindra	15.5%	27	Compare
Nippon India Ultra Short Term FundUltra Short · Nippon India	15.4%	24	Compare
Axis Money Market FundMoney Market · Axis	14.1%	21	Compare
Axis Ultra Short to Short Term FundLow Duration · Axis	14.0%	21	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

ICICI Prudential Ultra Short Term Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.40%
Expense ratio (Regular): 0.80%
Category: Ultra Short
Risk: Not available
Launch date: 03-05-2011
Minimum additional investment: ₹1,000
AUM: ₹15,236.43 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 120676
ISIN (Direct): INF109K01T04
Scheme code (Regular): 115092
ISIN (Regular): INF109K01TP7
NAV history: From 09-01-2013, 13.8 years

Benchmark: NIFTY Ultra Short Duration Debt Index A-I
Minimum investment: 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – Rs. 25,000 (plus multiples of Re. 1/-) Minimum application amount for switch ins – Rs. 5,000 and any amount thereafter 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP –
Exit load: Nil

Tax on ICICI Prudential Ultra Short Term Fund returns

ICICI Prudential Ultra Short Term Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹32.5955	30-10-2026
direct	Monthly IDCW	₹10.8098	30-10-2026
direct	Quarterly IDCW	₹11.2215	30-10-2026
direct	Daily IDCW	₹10.0007	30-10-2026
direct	Weekly IDCW	₹10.0881	30-10-2026
regular	Growth	₹29.9844	30-10-2026
regular	Daily IDCW	₹10.0697	30-10-2026
regular	Monthly IDCW	₹10.6767	30-10-2026
regular	Quarterly IDCW	₹11.0057	30-10-2026
regular	Weekly IDCW	₹10.0709	30-10-2026

About ICICI Prudential Ultra Short Term Fund

ICICI Prudential Ultra Short Term Fund is a mutual fund from ICICI Prudential Mutual Fund. Its category is Ultra Short. It was launched on 03-05-2011. Its benchmark is NIFTY Ultra Short Duration Debt Index A-I. At the end of September 2026 it held 120 securities.

Fund Manager

Ritesh Lunawat
Fund manager of ICICI Prudential Ultra Short Term Fund, since 03-06-2017
Manish Banthia
Fund manager of ICICI Prudential Ultra Short Term Fund, since 19-09-2013

See all funds of ICICI Prudential Mutual Fund

AUM change

September 2026: ₹15,236.43 Cr; −4.62% from August 2026
August 2026: ₹15,973.92 Cr; +3.36% from July 2026
July 2026: ₹15,455.22 Cr; +7.68% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare ICICI Prudential Ultra Short Term Fund with Other Funds

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Frequently Asked Questions for ICICI Prudential Ultra Short Term Fund

What is the current NAV of ICICI Prudential Ultra Short Term Fund?

The Direct plan NAV is ₹32.5955. The Regular plan NAV is ₹29.9844, as on 30-10-2026.

What are the returns of ICICI Prudential Ultra Short Term Fund?

The Direct plan returned +6.37% in 1 year, +7.31% a year over 3 years, +6.78% a year over 5 years. The Regular plan returned +5.96% in 1 year, +6.89% a year over 3 years, +6.32% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of ICICI Prudential Ultra Short Term Fund?

The Direct plan charges 0.40% a year. The Regular plan charges 0.80% a year. This is the figure the fund house reported to AMFI, in force from 04-09-2026.

What is the AUM of ICICI Prudential Ultra Short Term Fund?

ICICI Prudential Ultra Short Term Fund managed ₹15,236.43 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of ICICI Prudential Ultra Short Term Fund?

At the end of September 2026 the largest holdings were 91 Days Treasury Bills (3.28%), Canara Bank (3.03%), Small Industries Development Bank Of India. (2.89%), Punjab National Bank (2.57%), NABARD (2.45%). The fund held 120 securities in all.

How do I invest in ICICI Prudential Ultra Short Term Fund?

Through ICICI Prudential Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – Rs. 25,000 (plus multiples of Re. 1/-) Minimum application amount for switch ins – Rs. 5,000 and any amount thereafter 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – . You can invest once or through a monthly SIP.

Who is the fund manager of ICICI Prudential Ultra Short Term Fund?

Ritesh Lunawat (since 03-06-2017), Manish Banthia (since 19-09-2013).

What is the exit load of ICICI Prudential Ultra Short Term Fund?

Nil

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.