JM Ultra Short to Short Term Fund is a Low Duration fund run by JM Financial Mutual Fund. On 30-09-2026, it managed ₹236 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.1% a year and its Regular plan returned 6.7% a year.
NAV (Direct plan)
₹41.21
▲ 0.02% · 30-10-2026
NAV (Regular plan)
₹39.87
▲ 0.02% · 30-10-2026
Expense ratio
0.41%Direct0.84%Regular
0.41%
A year
Riskometer
Low to Moderate
Set by the fund house
3 year return
7.1%Direct6.7%Regular
7.1%
A year
JM Ultra Short to Short Term Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹41.21 (up 0.02% that day); Regular Plan Growth ₹39.87 (up 0.02% that day).
This fund (Direct plan)
₹41.213
JM Ultra Short to Short Term Fund Returns vs Low Duration Funds
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)
+0.21%
+1.19%
+2.97%
+5.77%
+7.13%
+6.50%
--
This fund (Regular)
+0.17%
+1.08%
+2.74%
+5.26%
+6.66%
+6.02%
--
Low Duration average
+0.18%
+1.12%
+2.95%
+5.79%
+7.22%
+6.58%
--
Best in Low Duration
+0.32%
+1.28%
+3.14%
+6.07%
+7.71%
+6.75%
--
Worst in Low Duration
+0.10%
+0.97%
+2.72%
+5.28%
+6.98%
+6.39%
--
Rank in Low Duration
9/25
4/25
14/25
13/23
14/20
13/17
--
Category rows compare the Direct plans of 25 Low Duration funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Low Duration Debt A-I Index. Returns of that index are not available to us, so the category average is the comparison.
JM Ultra Short to Short Term Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+4.76%
+4.35%
2025
+7.64%
+7.18%
2024
+7.81%
+7.35%
2023
+7.05%
+6.57%
2022
+4.58%
+4.08%
2021
+3.44%
+3.13%
JM 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 1,317 periods, one for each trading day from 25-05-2021 to 30-10-2026.
0%2%4%6%8%10%12%
JM Ultra Short to Short Term Fund (Direct)
Category average, 25 Low Duration funds
Oct 2018 to Oct 2021Oct 2019 to Oct 2022Sept 2020 to Sept 2023Aug 2021 to Aug 2024Jul 2022 to Jul 2025May 2023 to May 2026
JM Ultra Short to Short Term Fund (Direct)Category average, 25 Low Duration funds
0%
0%
Below 0%
17%
0%
0-5%
70%
100%
5-10%
13%
0%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
1,800
6.5%
−13.1%
27.2%
14%
7.0%
17%
2 years
1,562
7.0%
−2.8%
14.9%
2%
7.1%
17%
3 years
1,317
6.7%
4.4%
11.6%
0%
6.3%
20%
5 years
831
6.2%
5.3%
10.0%
0%
6.4%
32%
7 years
349
6.1%
5.8%
8.8%
0%
6.7%
29%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
90
6.8%
−19.2%
43.3%
13%
6.7%
21%
2 years
78
7.3%
−5.5%
15.4%
4%
6.9%
31%
3 years
66
7.3%
5.3%
9.3%
0%
6.6%
39%
5 years
42
7.0%
6.5%
7.5%
0%
6.7%
62%
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.
JM Ultra Short to Short Term Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
JM Ultra Short to Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+5.77%
+5.78%
Standard deviation
0.58%
0.60%
Sharpe ratio
0.91
0.89
Sortino ratio
1.35
1.32
Maximum drawdown
−0.22%
(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
JM Ultra Short to Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.13%
+7.22%
Standard deviation
0.47%
0.48%
Sharpe ratio
2.34
2.48
Sortino ratio
4.00
4.27
Maximum drawdown
−0.22%
(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
JM Ultra Short to Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.50%
+6.59%
Standard deviation
0.44%
0.46%
Sharpe ratio
1.59
1.72
Sortino ratio
2.52
2.71
Maximum drawdown
−0.35%
(06-05-2022)
−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
JM Ultra Short to Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.09%
+6.68%
Standard deviation
7.91%
1.09%
Sharpe ratio
0.10
1.28
Sortino ratio
0.20
1.74
Maximum drawdown
−15.0%
(29-10-2019)
−2.2%
(07-06-2019)
From daily NAVs, 25-05-2018 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.
−15%−10%−5%0%
JM Ultra Short to Short Term Fund (Direct)
Category average, 25 Low Duration funds
20192020202120222023202420252026
JM 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
JM Ultra Short to Short Term Fund (Direct)
−15.0%
10-05-2019
29-10-2019
06-07-2020
8 months
0.0%
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 25-05-2018, 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.
JM 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.
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.
JM Ultra Short to Short Term Fund Expense Ratio and Costs
What each plan charges a year, in force from 07-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Low Duration median
Cost rank (1 = cheapest)
Direct
0.35%
0.00%
0.00%
0.06%
0.41%
0.34%
20/25
Regular
0.73%
0.00%
0.00%
0.11%
0.84%
0.86%
12/25
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
5.26%
5.77%
0.51%
₹1,05,260
₹1,05,770
3 years
6.66%
7.13%
0.47% a year
₹1,21,340
₹1,22,951
5 years
6.02%
6.50%
0.48% a year
₹1,33,949
₹1,37,009
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.
JM 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
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 25-05-2018 to 30-10-2026: 102 instalments, ₹10,20,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planJM Ultra Short to Short Term Fund (Direct)
₹10,20,000
₹13,72,735
₹3,52,735
6.8%
Regular planJM Ultra Short to Short Term Fund (Regular)
Direct planJM Ultra Short to Short Term Fund (Direct)Regular planJM 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.
JM Ultra Short to Short Term Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
96.7%Debt
Asset
Fund
Category
Debt
96.7%
93.9%
Cash and others
3.3%
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
6.2%
8.9%
AAA and A1+
68.3%
72.7%
AA
22.2%
12.3%
JM Ultra Short to Short Term Fund Portfolio Holdings
As on 30-09-2026 · 34 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
Canara Bank 29-JAN-2027 · Certificate of deposit
CRISIL A1+
8.29%
Indian Bank 05-FEB-2027 · Certificate of deposit
CRISIL A1+
7.45%
Punjab National Bank 04-MAR-2027 · Certificate of deposit
CARE A1+
7.00%
Union Bank of India 16-MAR-2027 · Certificate of deposit
ICRA A1+
6.99%
7.23% Power Finance Corporation Limited 05-JAN-2027 · Bond
CRISIL AAA
4.66%
8.75% Piramal Finance Ltd 29-OCT-2027 · Bond
ICRA AA+
4.24%
8.4% Godrej Industries Ltd 27-AUG-2027 · Bond
CRISIL AA+
4.24%
9.61% 360 ONE Prime Limited 18-JAN-2027 · Bond
CARE AA
3.16%
HDFC Bank Limited 05-MAR-2027 · Certificate of deposit
CRISIL A1+
2.88%
7.54% REC Limited 30-DEC-2026 · Bond
CARE AAA
2.12%
7.79% SIDBI 14-MAY-2027 · Bond
CARE AAA
2.12%
8.4% Cholamandalam Invest & Finance Co Ltd 09-AUG-2028 · Bond
CARE AA+
2.12%
7.95% LIC Housing Finance Limited 29-JAN-2028 · Bond
CRISIL AAA
2.12%
7.83% SIDBI 24-NOV-2028 · Bond
CRISIL AAA
2.12%
8.35% Tata Projects Ltd. 22-JUL-2027 · Bond
CRISIL AA
2.11%
7.74% LIC Housing Finance Limited 11-FEB-2028 · Bond
CRISIL AAA
2.11%
6.65% LIC Housing Finance Limited 15-FEB-2027 · Bond
CARE AAA
2.11%
8.6% Muthoot Finance Limited 02-MAR-2028 · Bond
CRISIL AA+
2.11%
7.9% Mahindra & Mahindra Financial Serv Ltd. 21-FEB-2028 · Bond
CARE AAA
2.11%
7.53% NABARD 24-MAR-2028 · Bond
ICRA AAA
2.11%
7.44% NABARD 24-FEB-2028 · Bond
CRISIL AAA
2.11%
8.1% Godrej Industries Ltd 22-MAY-2028 · Bond
CRISIL AA+
2.11%
8.05% Muthoot Finance Limited 25-NOV-2027 · Bond
CRISIL AA+
2.10%
364 Days Treasury Bill 17-Dec-2026 · Government security
SOVEREIGN
2.09%
182 Days Treasury Bill 21-Jan-2027 · Government security
SOVEREIGN
2.08%
7.04% SIDBI 09-FEB-2029 · Bond
CRISIL AAA
2.08%
Tata Housing Development Company Ltd. 15-JAN-2027 · Commercial paper
CARE A1+
2.08%
364 Days Treasury Bill 19-Mar-2027 · Government security
SOVEREIGN
2.06%
7.85% Power Finance Corporation Limited 03-APR-2028 · Bond
ICRA AAA
1.70%
7.7% NABARD 30-SEP-2027 · Bond
ICRA AAA
1.70%
7.25% Bajaj Housing Finance Ltd 22-JAN-2029 · Bond
CRISIL AAA
1.66%
7.7% LIC Housing Finance Limited 16-MAY-2028 · Bond
CARE AAA
1.48%
7.33% Indian Railway Finance Corporation Ltd 27-AUG-2027 · Bond
CRISIL AAA
1.27%
Corporate Debt Market Development Fund - Class A2 Units
0.31%
JM Ultra Short to Short Term Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
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.
JM Ultra Short to Short Term Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.41%
Expense ratio (Regular)
0.84%
Category
Low Duration
Risk
Low to Moderate
Benchmark
CRISIL Low Duration Debt A-I Index
Launch date
27-09-2006
Minimum investment
₹1,000
Minimum additional investment
₹100
AUM
₹236.04 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
143612
ISIN (Direct)
INF192K01DW3
Scheme code (Regular)
143607
ISIN (Regular)
INF192K01AY5
NAV history
From 25-05-2018, 8.4 years
Exit load
Nil
Tax on JM Ultra Short to Short Term Fund returns
JM 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
Bonus Principal Units
₹24.8143
30-10-2026
direct
Growth
₹41.213
30-10-2026
direct
Daily IDCW
₹10.85
30-10-2026
direct
Fortnightly IDCW
₹11.1277
30-10-2026
direct
Weekly IDCW
₹11.4538
30-10-2026
regular
Bonus Principal Units
₹24.0177
30-10-2026
regular
Growth
₹39.865
30-10-2026
regular
Daily IDCW
₹10.82
30-10-2026
regular
Fortnightly IDCW
₹11.0861
30-10-2026
regular
Weekly IDCW
₹11.4117
30-10-2026
About JM Ultra Short to Short Term Fund
JM Ultra Short to Short Term Fund is a mutual fund from JM Financial Mutual Fund. Its category is Low Duration. It was launched on 27-09-2006. Its benchmark is CRISIL Low Duration Debt A-I Index. At the end of September 2026 it held 34 securities.
Fund Manager
Killol Pandya
Fund manager of JM Ultra Short to Short Term Fund, since 05-11-2024
Ruchi Fozdar
Fund manager of JM Ultra Short to Short Term Fund, since 03-04-2024
Jayant Dhoot
Fund manager of JM Ultra Short to Short Term Fund, since 01-08-2025
Frequently Asked Questions for JM Ultra Short to Short Term Fund
What is the current NAV of JM Ultra Short to Short Term Fund?
The Direct plan NAV is ₹41.213. The Regular plan NAV is ₹39.865, as on 30-10-2026.
What are the returns of JM Ultra Short to Short Term Fund?
The Direct plan returned +5.77% in 1 year, +7.13% a year over 3 years, +6.50% a year over 5 years. The Regular plan returned +5.26% in 1 year, +6.66% a year over 3 years, +6.02% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of JM Ultra Short to Short Term Fund?
The Direct plan charges 0.41% a year. The Regular plan charges 0.84% a year. This is the figure the fund house reported to AMFI, in force from 07-10-2026.
What is the AUM of JM Ultra Short to Short Term Fund?
JM Ultra Short to Short Term Fund managed ₹236.04 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of JM Ultra Short to Short Term Fund?
At the end of September 2026 the largest holdings were Canara Bank 29-JAN-2027 (8.29%), Indian Bank 05-FEB-2027 (7.45%), Punjab National Bank 04-MAR-2027 (7.00%), Union Bank of India 16-MAR-2027 (6.99%), 7.23% Power Finance Corporation Limited 05-JAN-2027 (4.66%). The fund held 34 securities in all.
How do I invest in JM Ultra Short to Short Term Fund?
Through JM Financial 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 ₹1,000. You can invest once or through a monthly SIP.
Who is the fund manager of JM Ultra Short to Short Term Fund?
What is the exit load of JM Ultra Short to 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.
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