LIC MF Ultra Short to Short Term Fund is a Low Duration fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹1,900 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 6.6% a year.
NAV (Direct plan)
₹46.52
▲ 0.02% · 30-10-2026
NAV (Regular plan)
₹42.62
▲ 0.02% · 30-10-2026
Expense ratio
0.24%Direct0.43%Regular
0.24%
A year
Riskometer
Low to Moderate
Set by the fund house
3 year return
7.3%Direct6.6%Regular
7.3%
A year
LIC MF Ultra Short to Short Term Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹46.52 (up 0.02% that day); Regular Plan Growth ₹42.62 (up 0.02% that day).
This fund (Direct plan)
₹46.518
LIC MF 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)
+0.23%
+1.28%
+3.14%
+6.06%
+7.26%
+6.55%
+6.43%
This fund (Regular)
+0.22%
+1.23%
+3.04%
+5.60%
+6.61%
+5.92%
+5.82%
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
5/25
1/25
1/25
2/23
8/20
9/17
13/15
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.
LIC MF Ultra Short to Short Term Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+5.03%
+4.71%
2025
+7.61%
+6.86%
2024
+7.89%
+7.14%
2023
+7.19%
+6.53%
2022
+4.41%
+3.84%
2021
+4.30%
+3.74%
LIC MF 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%
LIC MF Ultra Short to Short Term Fund (Direct)
Category average, 25 Low Duration funds
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
LIC MF Ultra Short to Short Term Fund (Direct)Category average, 25 Low Duration funds
0%
0%
Below 0%
3%
0%
0-5%
98%
100%
5-10%
0%
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
3,094
7.6%
1.0%
11.2%
0%
7.7%
37%
2 years
2,859
7.3%
3.9%
9.6%
0%
7.4%
26%
3 years
2,618
6.6%
4.6%
9.5%
0%
7.3%
26%
5 years
2,135
6.4%
5.4%
8.7%
0%
6.6%
13%
7 years
1,653
6.4%
6.0%
8.1%
0%
6.7%
1%
10 years
925
6.8%
6.4%
7.2%
0%
7.1%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
7.5%
0.6%
10.0%
0%
7.6%
37%
2 years
142
7.2%
3.8%
9.7%
0%
7.4%
34%
3 years
130
7.1%
4.6%
9.3%
0%
7.3%
29%
5 years
106
6.6%
5.1%
8.5%
0%
7.0%
15%
7 years
82
6.4%
5.5%
7.4%
0%
6.7%
0%
10 years
46
6.4%
6.2%
6.6%
0%
6.7%
0%
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.
LIC MF Ultra Short to Short Term Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
LIC MF Ultra Short to Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.06%
+5.78%
Standard deviation
0.59%
0.60%
Sharpe ratio
1.39
0.89
Sortino ratio
2.09
1.32
Maximum drawdown
−0.18%
(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
LIC MF Ultra Short to Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.26%
+7.22%
Standard deviation
0.46%
0.48%
Sharpe ratio
2.68
2.48
Sortino ratio
4.57
4.27
Maximum drawdown
−0.18%
(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
LIC MF Ultra Short to Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.55%
+6.59%
Standard deviation
0.44%
0.46%
Sharpe ratio
1.70
1.72
Sortino ratio
2.72
2.71
Maximum drawdown
−0.32%
(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
LIC MF Ultra Short to Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+6.43%
+6.73%
Standard deviation
2.28%
1.02%
Sharpe ratio
0.45
1.31
Sortino ratio
0.52
1.79
Maximum drawdown
−6.2%
(04-06-2019)
−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
LIC MF Ultra Short to Short Term Fund (Direct)This fund
Category average
Return (CAGR)
+7.16%
+7.40%
Standard deviation
1.96%
0.91%
Sharpe ratio
0.57
1.48
Sortino ratio
0.65
2.05
Maximum drawdown
−6.2%
(04-06-2019)
−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.
−8%−6%−4%−2%0%
LIC MF Ultra Short to Short Term Fund (Direct)
Category average, 25 Low Duration funds
2014201620182020202220242026
LIC MF 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
LIC MF Ultra Short to Short Term Fund (Direct)
−6.2%
10-05-2019
04-06-2019
30-10-2019
5 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 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.
LIC MF 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.
LIC MF Ultra Short to Short Term Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Low Duration median
Cost rank (1 = cheapest)
Direct
0.20%
0.01%
0.00%
0.03%
0.24%
0.34%
3/25
Regular
0.37%
0.01%
0.00%
0.05%
0.43%
0.86%
1/25
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
5.60%
6.06%
0.46%
₹1,05,600
₹1,06,060
3 years
6.61%
7.26%
0.65% a year
₹1,21,170
₹1,23,399
5 years
5.92%
6.55%
0.63% a year
₹1,33,318
₹1,37,331
10 years
5.82%
6.43%
0.61% a year
₹1,76,067
₹1,86,484
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.
LIC MF 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planLIC MF Ultra Short to Short Term Fund (Direct)
₹16,60,000
₹26,92,402
₹10,32,402
6.7%
Regular planLIC MF Ultra Short to Short Term Fund (Regular)
Direct planLIC MF Ultra Short to Short Term Fund (Direct)Regular planLIC MF 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.
LIC MF Ultra Short to Short Term Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
88.7%Debt
Asset
Fund
Category
Debt
88.7%
93.9%
Cash and others
11.3%
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
8.2%
8.9%
AAA and A1+
73.6%
72.7%
AA
6.9%
12.3%
LIC MF Ultra Short to Short Term Fund Portfolio Holdings
As on 30-09-2026 · 54 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
LIC MF ULTRA SHRT DUR FD -DIRECT PLAN
5.27%
Punjab National Bank · Certificate of deposit
CRISIL A1+
5.11%
7.64% REC Ltd. · Bond
ICRA AAA
4.07%
364 DAYS TBILL RED 29-10-2026 · Treasury bill
SOVEREIGN
3.93%
Time Technoplast Ltd. · Commercial paper
ICRA A1+
3.88%
ICICI Bank Ltd.
CRISIL A1+
3.09%
7.35% Bharti Telecom Ltd. · Bond
CRISIL AAA
2.79%
9.2% 360 One Prime Ltd. · Bond
ICRA AA
2.69%
6.6% REC Ltd. · Bond
ICRA AAA
2.65%
8.75% 360 One Prime Ltd. · Bond
ICRA AA
2.64%
182 DAYS TBILL RED 05-11-2026 · Treasury bill
SOVEREIGN
2.62%
7.86% Tata Capital Housing Finance Ltd. · Bond
CRISIL AAA
2.61%
6.9601% Mindspace Business Parks Reit · Bond
ICRA AAA
2.59%
National Bk for Agriculture & Rural Dev. · Certificate of deposit
CRISIL A1+
2.58%
Axis Bank Ltd.
CRISIL A1+
2.58%
Bank of Baroda · Certificate of deposit
ICRA A1+
2.56%
Embassy Office Parks REIT · Commercial paper
CRISIL A1+
2.55%
Small Industries Development Bk of India · Certificate of deposit
CRISIL A1+
2.55%
ICICI Bank Ltd.
CRISIL A1+
2.55%
Barclays Invest & Loans (India) Pvt Ltd · Commercial paper
CRISIL A1+
2.54%
Small Industries Development Bk of India · Commercial paper
CRISIL A1+
2.50%
Canara Bank · Certificate of deposit
CRISIL A1+
2.50%
Angel One Ltd. · Commercial paper
CRISIL A1+
1.98%
8.75% Piramal Finance Ltd. · Bond
ICRA AA+
1.43%
7.42% Power Finance Corporation Ltd. · Bond
CRISIL AAA
1.37%
7.75% Bharti Telecom Ltd. · Bond
CRISIL AAA
1.36%
7.53% National Bk for Agriculture & Rural Dev. · Bond
ICRA AAA
1.36%
7.01% National Bk for Agriculture & Rural Dev. · Bond
CRISIL AAA
1.34%
7.123% Tata Capital Housing Finance Ltd. · Bond
CRISIL AAA
1.33%
7.05% Embassy Office Parks REIT · Bond
CRISIL AAA
1.32%
7.44% National Bk for Agriculture & Rural Dev. · Bond
CRISIL AAA
1.32%
7.685% Tata Capital Housing Finance Ltd. · Bond
CRISIL AAA
1.32%
7.5285% Poonawalla Fincorp Ltd. · Bond
CRISIL AAA
1.31%
Small Industries Development Bk of India · Certificate of deposit
CRISIL A1+
1.29%
HDFC Bank Ltd. · Certificate of deposit
CRISIL A1+
1.29%
Canara Bank · Certificate of deposit
CRISIL A1+
1.28%
HDFC Bank Ltd. · Certificate of deposit
CRISIL A1+
1.03%
6.47% Indian Railway Finance Corporation Ltd. · Bond
CRISIL AAA
0.80%
91 DAYS TBILL RED 15-10-2026 · Treasury bill
SOVEREIGN
0.79%
7.48% National Bk for Agriculture & Rural Dev. · Bond
CRISIL AAA
0.79%
ICICI Securities Ltd. · Commercial paper
CRISIL A1+
0.78%
Canara Bank · Certificate of deposit
CRISIL A1+
0.77%
Government of India · Government security
SOVEREIGN
0.61%
SBI CDMDF--A2
0.29%
7.83% National Bk for Agriculture & Rural Dev. · Bond
CRISIL AAA
0.28%
7.45% Bharti Telecom Ltd. · Bond
CRISIL AAA
0.27%
7.66% Bajaj Housing Finance Ltd. · Bond
CRISIL AAA
0.27%
7.77% REC Ltd. · Bond
CRISIL AAA
0.27%
7.2% State Government of Gujarat · State government security
SOVEREIGN
0.27%
7.68% Tata Capital Ltd. · Bond
CRISIL AAA
0.26%
National Bk for Agriculture & Rural Dev. · Certificate of deposit
CRISIL A1+
0.26%
Bank of Baroda · Certificate of deposit
FITCH A1+
0.26%
8.15% GIC Housing Finance Ltd. · Bond
CRISIL AA+
0.10%
7.62% State Government of Punjab · State government security
SOVEREIGN
0.01%
LIC MF 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.
LIC MF Ultra Short to Short Term Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.24%
Expense ratio (Regular)
0.43%
Category
Low Duration
Risk
Low to Moderate
Benchmark
CRISIL Low Duration Debt A-I Index
Launch date
09-06-2003
Minimum investment
₹5,000
Minimum additional investment
₹500
AUM
₹1,900.40 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
120315
ISIN (Direct)
INF767K01FM8
Scheme code (Regular)
101830
ISIN (Regular)
INF767K01AO5
NAV history
From 02-01-2013, 13.8 years
Exit load
Nil
Tax on LIC MF Ultra Short to Short Term Fund returns
LIC MF 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
₹46.518
30-10-2026
direct
Daily IDCW
₹10.05
30-10-2026
direct
Monthly IDCW
₹24.2926
30-10-2026
direct
Weekly IDCW
₹16.2017
30-10-2026
regular
Growth
₹42.6195
30-10-2026
regular
Daily IDCW
₹11.2502
30-10-2026
regular
Monthly IDCW
₹14.3939
30-10-2026
regular
Weekly IDCW
₹14.6154
30-10-2026
About LIC MF Ultra Short to Short Term Fund
LIC MF Ultra Short to Short Term Fund is a mutual fund from LIC Mutual Fund. Its category is Low Duration. It was launched on 09-06-2003. Its benchmark is CRISIL Low Duration Debt A-I Index. At the end of September 2026 it held 54 securities.
Fund Manager
Rahul Singh
Fund manager of LIC MF Ultra Short to Short Term Fund, since 07-09-2015
Pratik Harish Shroff
Fund manager of LIC MF Ultra Short to Short Term Fund, since 01-10-2025
Frequently Asked Questions for LIC MF Ultra Short to Short Term Fund
What is the current NAV of LIC MF Ultra Short to Short Term Fund?
The Direct plan NAV is ₹46.518. The Regular plan NAV is ₹42.6195, as on 30-10-2026.
What are the returns of LIC MF Ultra Short to Short Term Fund?
The Direct plan returned +6.06% in 1 year, +7.26% a year over 3 years, +6.55% a year over 5 years. The Regular plan returned +5.60% in 1 year, +6.61% a year over 3 years, +5.92% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of LIC MF Ultra Short to Short Term Fund?
The Direct plan charges 0.24% a year. The Regular plan charges 0.43% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of LIC MF Ultra Short to Short Term Fund?
LIC MF Ultra Short to Short Term Fund managed ₹1,900.40 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of LIC MF Ultra Short to Short Term Fund?
At the end of September 2026 the largest holdings were LIC MF ULTRA SHRT DUR FD -DIRECT PLAN (5.27%), Punjab National Bank (5.11%), 7.64% REC Ltd. (4.07%), 364 DAYS TBILL RED 29-10-2026 (3.93%), Time Technoplast Ltd. (3.88%). The fund held 54 securities in all.
How do I invest in LIC MF Ultra Short to Short Term Fund?
Through LIC 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 ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of LIC MF Ultra Short to Short Term Fund?
What is the exit load of LIC MF 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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