ICICI Prudential Ultra Short to Short Term Fund

Low DurationDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

ICICI Prudential Ultra Short to Short Term Fund is a Low Duration fund run by ICICI Prudential Mutual Fund. On 30-09-2026, it managed ₹18,781 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 7.2% a year. Its benchmark, NIFTY Low Duration Debt Index A-I, returned 7.1% a year over the same 3 years.

NAV (Direct plan): ₹597.43; ▲ 0.06%30-10-2026
NAV (Regular plan): ₹588.35; ▲ 0.06%30-10-2026
Expense ratio: 0.42%Direct0.53%Regular; 0.42%; A year
Riskometer: Not available; Set by the fund house
3 year return: 7.3%Direct7.2%Regular; 7.3%; A year

ICICI Prudential Ultra Short to Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹597.43 (up 0.06% that day); Regular Plan Growth ₹588.35 (up 0.06% that day).

This fund (Direct plan)

₹597.4345

ICICI Prudential Ultra Short to Short Term Fund Returns vs NIFTY Low 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)	+0.13%	+1.05%	+2.93%	+5.87%	+7.30%	+6.65%	+7.05%
This fund (Regular)	+0.12%	+1.01%	+2.86%	+5.73%	+7.16%	+6.53%	+6.92%
NIFTY Low Duration Debt Index A-I	+0.51%	+1.58%	+3.53%	+6.31%	+7.10%	+6.35%	--
Low Duration average	+0.18%	+1.12%	+2.95%	+5.79%	+7.22%	+6.58%	+6.73%
Best in Low Duration	+0.32%	+1.28%	+3.14%	+6.07%	+7.71%	+6.75%	+7.25%
Worst in Low Duration	+0.10%	+0.97%	+2.72%	+5.28%	+6.98%	+6.39%	+5.98%
Rank in Low Duration	21/25	19/25	17/25	9/23	7/20	7/17	3/15

Category rows compare the Direct plans of 25 Low Duration funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

ICICI Prudential Ultra Short to Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+4.76%	+4.64%
2025	+7.82%	+7.69%
2024	+8.10%	+7.97%
2023	+7.73%	+7.63%
2022	+4.62%	+4.50%
2021	+3.89%	+3.77%

ICICI Prudential Ultra Short to 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 2,618 periods, one for each trading day from 04-01-2016 to 30-10-2026.

0%2%4%6%8%10%

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 to Short Term Fund (Direct)Category average, 25 Low Duration funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	3,095	8.0%	2.5%	10.5%	0%	7.7%	71%
2 years	2,859	7.9%	4.1%	9.9%	0%	7.4%	84%
3 years	2,618	7.8%	5.3%	9.6%	0%	7.3%	90%
5 years	2,135	6.9%	6.4%	8.9%	0%	6.6%	98%
7 years	1,653	7.1%	6.7%	8.8%	0%	6.7%	100%
10 years	925	7.5%	7.0%	7.8%	0%	7.1%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	154	8.0%	1.6%	10.5%	0%	7.6%	74%
2 years	142	7.9%	3.1%	9.7%	0%	7.4%	84%
3 years	130	7.6%	4.4%	9.6%	0%	7.3%	88%
5 years	106	7.3%	5.7%	8.5%	0%	7.0%	100%
7 years	82	6.9%	6.4%	8.5%	0%	6.7%	100%
10 years	46	7.1%	6.9%	7.2%	0%	6.7%	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 25 Low Duration funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

ICICI Prudential Ultra Short to 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 to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+5.87%	+5.78%
Standard deviation	0.62%	0.60%
Sharpe ratio	1.01	0.89
Sortino ratio	1.50	1.32
Maximum drawdown	−0.21% (21-05-2026)	−0.22% (21-05-2026)

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 to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.30%	+7.22%
Standard deviation	0.50%	0.48%
Sharpe ratio	2.56	2.48
Sortino ratio	4.37	4.27
Maximum drawdown	−0.21% (21-05-2026)	−0.22% (21-05-2026)

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 to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.65%	+6.59%
Standard deviation	0.61%	0.46%
Sharpe ratio	1.40	1.72
Sortino ratio	2.13	2.71
Maximum drawdown	−0.61% (28-06-2022)	−0.39% (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 to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.05%	+6.73%
Standard deviation	0.83%	1.02%
Sharpe ratio	1.98	1.31
Sortino ratio	3.52	1.79
Maximum drawdown	−1.6% (24-03-2020)	−2.2% (07-06-2019)

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 to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.69%	+7.40%
Standard deviation	0.76%	0.91%
Sharpe ratio	2.16	1.48
Sortino ratio	3.77	2.05
Maximum drawdown	−1.6% (24-03-2020)	−2.2% (07-06-2019)

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.

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.

−2.5%−2%−1.5%−1%−0.5%0%

2014201620182020202220242026

ICICI Prudential Ultra Short to Short Term Fund (Direct)Category average, 25 Low Duration funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
ICICI Prudential Ultra Short to Short Term Fund (Direct)	−1.6%	05-03-2020	24-03-2020	31-03-2020	7 days	−0.01%
Category average	−2.2%	03-06-2019	07-06-2019	26-08-2019	3 months	0.0%

From the Direct plan's daily NAV since 02-01-2013, adjusted for unit splits, and the average of the 25 Low Duration 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 to Short Term Fund vs Other Low Duration Funds

The five Low Duration 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
HSBC Ultra Short to Short Term Fund	1/20	847	0.40%	+5.86%	+7.71%	--	--	1.91	5.75	Compare
Nippon India Ultra Short to Short Term Fund	2/20	7,096	0.39%	+5.95%	+7.34%	--	--	2.65	4.54	Compare
Axis Ultra Short to Short Term Fund	3/20	4,563	0.37%	+5.94%	+7.33%	--	--	2.66	4.55	Compare
Kotak Ultra Short to Short Term Fund	3/20	12,566	0.41%	+5.73%	+7.33%	--	--	2.53	4.37	Compare
Mirae Asset Ultra Short to Short Term Fund	3/20	2,290	0.21%	+5.90%	+7.33%	--	--	2.61	4.42	Compare
ICICI Prudential Ultra Short to Short Term Fund	7/20	18,781	0.42%	+5.87%	+7.30%	--	--	2.56	4.37

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 to Short Term Fund Expense Ratio and Costs

What each plan charges a year, in force from 03-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Low Duration median	Cost rank (1 = cheapest)
Direct	0.36%	0.00%	0.00%	0.06%	0.42%	0.34%	22/25
Regular	0.45%	0.00%	0.00%	0.08%	0.53%	0.86%	3/25

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 Low Duration 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	5.73%	5.87%	0.14%	₹1,05,730	₹1,05,870
3 years	7.16%	7.30%	0.14% a year	₹1,23,055	₹1,23,538
5 years	6.53%	6.65%	0.12% a year	₹1,37,202	₹1,37,976
10 years	6.92%	7.05%	0.13% a year	₹1,95,249	₹1,97,636

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 to 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planICICI Prudential Ultra Short to Short Term Fund (Direct)	₹16,60,000	₹27,95,288	₹11,35,288	7.2%
Regular planICICI Prudential Ultra Short to Short Term Fund (Regular)	₹16,60,000	₹27,69,061	₹11,09,061	7.1%
Category averageCategory average, 25 Low Duration funds	₹16,60,000	₹27,39,576	₹10,79,576	6.9%

₹0₹10.0 L₹20.0 L₹30.0 L

2014201620182020202220242026

Direct planICICI Prudential Ultra Short to Short Term Fund (Direct)Regular planICICI Prudential Ultra Short to Short Term Fund (Regular)Category averageCategory average, 25 Low Duration 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 to Short Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

97.1%Debt

Asset	Fund	Category
Debt	97.1%	93.9%
Cash and others	2.9%	6.0%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 25 Low Duration funds.

Rating	Fund	Category
Sovereign	12.4%	8.9%
AAA and A1+	70.2%	72.7%
AA	14.5%	12.3%

ICICI Prudential Ultra Short to Short Term Fund Portfolio Holdings

As on 30-09-2026 · 127 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
Radhakrishna Securitization Trust	CRISIL AAA(SO)	4.44%
NABARD · Bond	CRISIL AAA	3.34%
Government Securities · Government security	SOV	3.31%
State Government of Karnataka · State government security	SOV	2.62%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	2.27%
Bajaj Housing Finance Ltd. · Bond	CRISIL AAA	2.23%
Bank Of India · Certificate of deposit	CRISIL A1+	2.20%
NABARD · Bond	ICRA AAA	2.10%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	2.08%
91 Days Treasury Bills · Government security	SOV	1.88%
Bank Of Baroda · Certificate of deposit	FITCH A1+	1.82%
Government Securities · Government security	SOV	1.78%
NABARD · Bond	ICRA AAA	1.60%
NABARD · Bond	ICRA AAA	1.60%
Tata Capital Financial Services Ltd. · Bond	CRISIL AAA	1.59%
Muthoot Finance Ltd. · Bond	CRISIL AA+	1.59%
Punjab National Bank · Certificate of deposit	CRISIL A1+	1.56%
HDFC Bank Ltd. · Certificate of deposit	CRISIL A1+	1.56%
JTPM Metal Traders Ltd. · Bond	CRISIL AA	1.55%
India Universal Trust AL1	FITCH AAA(SO)	1.49%
360 One Prime Ltd. · Bond	ICRA AA	1.46%
State Government of Bihar · State government security	SOV	1.45%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	1.35%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	1.30%
IDFC First Bank Ltd. · Certificate of deposit	CRISIL A1+	1.30%
IndusInd Bank Ltd. · Certificate of deposit	CRISIL A1+	1.30%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	1.20%
Rural Electrification Corporation Ltd. · Bond	ICRA AAA	1.18%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	1.17%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	1.17%
Shriram Pistons & Rings Ltd · Bond	FITCH AA+	1.12%
Motilal oswal finvest Ltd · Bond	CRISIL AA+	1.07%
EMBASSY OFFICE PARKS REIT · Bond	CRISIL AAA	1.06%
Ultratech Cement Ltd. · Bond	CRISIL AAA	1.06%
Nomura Fixed Income Securities Pvt. Ltd. · Bond	FITCH AAA	1.06%
Tata Capital Housing Finance Ltd. · Bond	CRISIL AAA	1.05%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	1.04%
Tata Capital Housing Finance Ltd. · Bond	CRISIL AAA	1.03%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	0.98%
Bank Of Baroda · Certificate of deposit	FITCH A1+	0.96%
EMBASSY OFFICE PARKS REIT · Bond	CRISIL AAA	0.88%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	0.83%
Mahindra & Mahindra Financial Services Ltd. · Bond	CRISIL AAA	0.82%
Rural Electrification Corporation Ltd. · Bond	ICRA AAA	0.80%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	0.78%
IndusInd Bank Ltd. · Certificate of deposit	CRISIL A1+	0.78%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	0.78%
Shriram Pistons & Rings Ltd · Bond	FITCH AA+	0.78%
Piramal Finance Ltd. · Bond	CARE AA+	0.75%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	0.74%
Small Industries Development Bank Of India. · Bond	CRISIL AAA	0.69%
360 One Prime Ltd. · Bond	ICRA AA	0.67%
Shivshakti Securitisation Trust	CRISIL AAA(SO)	0.64%
Bharti Telecom Ltd. · Bond	CRISIL AAA	0.63%
Bahadur Chand Investments Pvt. Ltd. · Bond	ICRA AA+	0.59%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	0.59%
Bahadur Chand Investments Pvt. Ltd. · Bond	ICRA AA+	0.58%
JM Financial Credit Solution Ltd. · Bond	ICRA AA	0.57%
Nexus Select Trust · Bond	ICRA AAA	0.53%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	0.53%
Motilal Oswal Financial Services Ltd. · Bond	CRISIL AA+	0.53%
Mashreq Bank PSC India Branch · Certificate of deposit	CRISIL A1+	0.53%
State Government of Karnataka · State government security	SOV	0.52%
IndusInd Bank Ltd. · Certificate of deposit	CRISIL A1+	0.52%
Indian Bank · Certificate of deposit	CRISIL A1+	0.52%
Pipeline Infrastructure Pvt Ltd. · Bond	CRISIL AAA	0.48%
JM Financial Credit Solution Ltd. · Bond	ICRA AA	0.48%
Corporate Debt Market Development Fund (Class A2)	Financial Services	0.47%
India Universal Trust AL2	CRISIL AAA(SO)	0.45%
360 One Prime Ltd · Bond	ICRA AA	0.45%
Punjab National Bank · Certificate of deposit	CRISIL A1+	0.44%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	0.43%
Muthoot Finance Ltd. · Bond	CRISIL AA+	0.40%
Small Industries Development Bank Of India. · Bond	CRISIL AAA	0.40%
Tata Capital Housing Finance Ltd. · Bond	CRISIL AAA	0.40%
JM Financial Services Ltd. · Bond	ICRA AA	0.40%
Export-Import Bank Of India · Commercial paper	CRISIL A1+	0.39%
Government Securities · Government security	SOV	0.38%
Aavas Financiers Ltd. · Bond	CARE AA	0.37%
Mahindra Rural Housing Finance Ltd. · Bond	CRISIL AAA	0.37%
ICICI Home Finance Company Ltd. · Bond	CRISIL AAA	0.34%
Small Industries Development Bank Of India. · Bond	CRISIL AAA	0.34%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	0.33%
India Universal Trust AL1	FITCH AAA(SO)	0.33%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	0.32%
360 One Prime Ltd. · Bond	ICRA AA	0.32%
NABARD · Bond	CRISIL AAA	0.29%
Sansar Trust	CRISIL AAA(SO)	0.27%
Mahindra Rural Housing Finance Ltd. · Bond	CRISIL AAA	0.27%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	0.27%
Small Industries Development Bank Of India. · Bond	CRISIL AAA	0.27%
ICICI Home Finance Company Ltd. · Bond	ICRA AAA	0.27%
360 One Prime Ltd · Bond	ICRA AA	0.27%
360 One Prime Ltd · Bond	ICRA AA	0.26%
Muthoot Finance Ltd. · Bond	CRISIL AA+	0.26%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	0.26%
Bajaj Finance Ltd. · Bond	CRISIL AAA	0.26%
India Universal Trust AL2	CRISIL AAA(SO)	0.26%
NABARD · Certificate of deposit	CRISIL A1+	0.26%
HDFC Bank Ltd. · Certificate of deposit	CRISIL A1+	0.26%
Small Industries Development Bank Of India. · Bond	CRISIL AAA	0.25%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	0.24%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	0.24%
Shriram Finance Ltd. · Bond	CRISIL AAA	0.22%
Bharti Telecom Ltd. · Bond	CRISIL AAA	0.21%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	0.20%
State Government of Maharashtra · State government security	SOV	0.19%
LIC Housing Finance Ltd. · Bond	CRISIL AAA	0.16%
State Government of Madhya Pradesh · State government security	SOV	0.14%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	0.13%
Small Industries Development Bank Of India. · Bond	CRISIL AAA	0.13%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	0.13%
Small Industries Development Bank Of India. · Certificate of deposit	CRISIL A1+	0.13%
National Bank for Financing Infrastructure and Development · Certificate of deposit	FITCH A1+	0.13%
Sansar Trust June 2024 A1	CRISIL AAA(SO)	0.12%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	0.08%
State Government of Maharashtra · State government security	SOV	0.08%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	0.06%
State Government of Rajasthan · State government security	SOV	0.06%
Rural Electrification Corporation Ltd. · Bond	CRISIL AAA	0.05%
State Government of Maharashtra · State government security	SOV	0.03%
Axis Securities Ltd. · Commercial paper	CRISIL A1+	0.03%
State Government of Gujarat · State government security	SOV	0.01%
Godrej Seeds & Genetics Ltd. · Bond	CRISIL AA	0.01%
Godrej Seeds & Genetics Ltd. · Bond	CRISIL AA	0.01%
Godrej Seeds & Genetics Ltd. · Bond	CRISIL AA	0.01%
Housing and Urban Development Corporation Ltd. · Bond	ICRA AAA	0.00%

ICICI Prudential Ultra Short to Short Term Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
ICICI Prudential Floating Interest Rates FundFloater · ICICI Prudential	27.2%	41	Compare
ICICI Prudential Ultra Short Term FundUltra Short · ICICI Prudential	23.2%	44	Compare
ICICI Prudential Short Term FundShort Duration · ICICI Prudential	23.0%	47	Compare
Axis Ultra Short to Short Term FundLow Duration · Axis	18.8%	31	Compare
ICICI Prudential Corporate Bond FundCorporate Bond · ICICI Prudential	18.8%	35	Compare
ICICI Prudential Money Market FundMoney Market · ICICI Prudential	17.8%	23	Compare
HDFC Ultra Short to Short Term FundLow Duration · HDFC	16.8%	23	Compare
Kotak Short Term FundShort Duration · Kotak Mahindra	15.1%	23	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 to Short Term Fund Overview

Fund facts from the scheme summary document

Expense ratio (Direct): 0.42%
Expense ratio (Regular): 0.53%
Category: Low Duration
Risk: Not available
Benchmark: Not available
Launch date: Not available
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹18,781.24 Cr (30-09-2026)
Lock in: Not available
Scheme code (Direct): 120398
ISIN (Direct): INF109K01O82
Scheme code (Regular): 101619
ISIN (Regular): INF109K01746
NAV history: From 02-01-2013, 13.8 years

Exit load: Not available

Tax on ICICI Prudential Ultra Short to Short Term Fund returns

ICICI Prudential Ultra Short to 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	₹597.4345	30-10-2026
direct	Daily IDCW	₹105.7294	30-10-2026
direct	Fortnightly IDCW	₹101.6837	30-10-2026
direct	IDCW Others	₹200.4604	30-10-2026
direct	Monthly IDCW	₹101.7502	30-10-2026
direct	Quarterly IDCW	₹110.2545	30-10-2026
direct	Weekly IDCW	₹105.5128	30-10-2026
regular	Growth	₹588.3524	30-10-2026
regular	Daily IDCW	₹105.724	30-10-2026
regular	Fortnightly IDCW	₹101.679	30-10-2026
regular	IDCW Others	₹197.2064	30-10-2026
regular	Monthly IDCW	₹101.741	30-10-2026
regular	Quarterly IDCW	₹109.9636	30-10-2026
regular	Weekly IDCW	₹105.4626	30-10-2026

About ICICI Prudential Ultra Short to Short Term Fund

ICICI Prudential Ultra Short to Short Term Fund is a mutual fund from ICICI Prudential Mutual Fund. Its category is Low Duration. At the end of September 2026 it held 127 securities.

Fund Manager

Not available

See all funds of ICICI Prudential Mutual Fund

AUM change

September 2026: ₹18,781.24 Cr; −10.77% from August 2026
August 2026: ₹21,047.22 Cr; −3.16% from July 2026
July 2026: ₹21,734.77 Cr; −2.71% 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 to Short Term Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

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Frequently Asked Questions for ICICI Prudential Ultra Short to Short Term Fund

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

The Direct plan NAV is ₹597.4345. The Regular plan NAV is ₹588.3524, as on 30-10-2026.

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

The Direct plan returned +5.87% in 1 year, +7.30% a year over 3 years, +6.65% a year over 5 years. The Regular plan returned +5.73% in 1 year, +7.16% a year over 3 years, +6.53% a year over 5 years. These figures are as on 30-10-2026.

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

The Direct plan charges 0.42% a year. The Regular plan charges 0.53% a year. This is the figure the fund house reported to AMFI, in force from 03-09-2026.

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

ICICI Prudential Ultra Short to Short Term Fund managed ₹18,781.24 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

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

At the end of September 2026 the largest holdings were Radhakrishna Securitization Trust (4.44%), NABARD (3.34%), Government Securities (3.31%), State Government of Karnataka (2.62%), Rural Electrification Corporation Ltd. (2.27%). The fund held 127 securities in all.

How do I invest in ICICI Prudential Ultra Short to 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. You can invest once or through a monthly SIP.

How has ICICI Prudential Ultra Short to Short Term Fund performed against its benchmark?

Its benchmark is NIFTY Low Duration Debt Index A-I. The Direct plan returned +6.65% a year over 5 years. The benchmark returned +6.35% a year over 5 years.

How does ICICI Prudential Ultra Short to Short Term Fund rank in its category?

The Direct plan ranks 7 of 20 Low Duration funds by its 3 year return. The category average is +7.22% a year.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its 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.