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    Nippon India Ultra Short Term Fund

    Ultra ShortDirect and Regular plans, Growth and IDCW options

    Data as on 30-10-2026

    Compare this fundTrack this fund

    Nippon India Ultra Short Term Fund is a mutual fund run by Nippon India Mutual Fund. On 30-09-2026, it managed ₹11,551 Cr of investors' money.

    NAV (Direct plan)
    ₹4,851.45
    ▲ 0.02%30-10-2026
    NAV (Regular plan)
    ₹4,357.14
    ▲ 0.02%30-10-2026
    Expense ratio
    0.33%Direct1.05%Regular
    Riskometer
    Moderately High
    Set by the fund house
    3 year return
    --
    Not available

    Nippon India Ultra Short Term Fund NAV Today

    NAV on 30-10-2026: Direct Plan Growth ₹4,851.45 (up 0.02% that day); Regular Plan Growth ₹4,357.14 (up 0.02% that day).

    Nippon India 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 1,319 periods, one for each trading day from 21-05-2021 to 30-10-2026.

    0%2%4%6%8%
    Oct 2018
    to
    Oct 2021    Sept 2019
    to
    Sept 2022    Sept 2020
    to
    Sept 2023    Aug 2021
    to
    Aug 2024    Jul 2022
    to
    Jul 2025    May 2023
    to
    May 2026
    Nippon India Ultra Short Term Fund (Direct)

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a loss
    1 year1,8047.1%−0.1%10.4%0%
    2 years1,5647.2%3.0%8.0%0%
    3 years1,3197.1%4.8%7.8%0%
    5 years8347.0%5.7%7.6%0%
    7 years3526.5%6.2%7.3%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. Past returns do not promise future returns.

    Nippon India Ultra Short Term Fund Risk

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

    Risk and return

    MeasureNippon India Ultra Short Term Fund (Direct)This fund
    Return (CAGR)+7.50%
    Standard deviation0.38%
    Sharpe ratio3.92
    Sortino ratio8.05
    Maximum drawdown−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.

    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.

    −6%−5%−4%−3%−2%−1%0%
    20192020202120222023202420252026
    Nippon India Ultra Short Term Fund (Direct)
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Nippon India Ultra Short Term Fund (Direct)−5.2%12-09-201925-09-201901-06-20208 months0.0%

    From the Direct plan's daily NAV since 21-05-2018, adjusted for unit splits. "Time to climb back" runs from the bottom to the first day back at the old high.

    Nippon India Ultra Short Term Fund Expense Ratio and Costs

    What each plan charges a year, in force from 01-10-2026

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratio
    Direct0.28%0.00%0.00%0.05%0.33%
    Regular0.89%0.00%0.00%0.16%1.05%

    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.

    Nippon India 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 21-05-2018 to 30-10-2026: 102 instalments, ₹10,20,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Direct planNippon India Ultra Short Term Fund (Direct) ₹10,20,000 ₹13,81,520 ₹3,61,520 7.0%
    Regular planNippon India Ultra Short Term Fund (Regular) ₹10,20,000 ₹13,33,574 ₹3,13,574 6.2%
    ₹0₹5.0 L₹10.0 L₹15.0 L
    20192020202120222023202420252026
    Direct planNippon India Ultra Short Term Fund (Direct)Regular planNippon India Ultra Short Term Fund (Regular)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.

    Nippon India Ultra Short Term Fund Asset Allocation

    Asset allocation as on 30-09-2026

    What the fund holds

    97.4%Debt

    AssetFund
    Debt97.4%
    Cash and others2.6%

    Credit rating

    Bonds and money market papers by credit rating, % of the fund.

    RatingFund
    Sovereign8.6%
    AAA and A1+55.9%
    AA33.0%

    Nippon India Ultra Short Term Fund Portfolio Holdings

    As on 30-09-2026 · 117 holdings · from the fund house's monthly portfolio

    HoldingsRatingWeight%
    8.5% Nirma Limited · BondCRISIL AA3.00%
    9.4% Vedanta Aluminium Metal Limited · BondICRA AA+2.78%
    National Bank For Agriculture and Rural Development · Certificate of depositCRISIL A1+2.73%
    Punjab National Bank · Certificate of depositCRISIL A1+2.54%
    HDFC Bank Limited · Certificate of depositCARE A1+2.52%
    364 Days Tbill · Treasury bill2.44%
    9.31% Vedanta Limited · BondCRISIL AA+2.23%
    Small Industries Dev Bank of India · Certificate of depositCRISIL A1+2.18%
    8.6% Aditya Birla Renewables Limited · BondCRISIL AA2.16%
    182 Days Tbill · Treasury bill2.14%

    Nippon India Ultra Short Term Fund Portfolio Overlap

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

    FundOverlapHoldings in common
    Nippon India Ultra Short to Short Term FundLow Duration · Nippon India17.0%24Compare
    DSP Ultra Short Term FundUltra Short · DSP15.9%21Compare
    Axis Ultra Short Term fundUltra Short · Axis15.8%19Compare
    ICICI Prudential Ultra Short Term FundUltra Short · ICICI Prudential15.4%24Compare
    HSBC Money Market FundMoney Market · HSBC15.3%20Compare
    ICICI Prudential Money Market FundMoney Market · ICICI Prudential14.4%21Compare
    DSP Money Market FundMoney Market · DSP14.1%19Compare
    Axis Ultra Short to Short Term FundLow Duration · Axis14.0%18Compare

    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.

    Nippon India Ultra Short Term Fund Overview

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

    Expense ratio (Direct)
    0.33%
    Expense ratio (Regular)
    1.05%
    Category
    Ultra Short
    Risk
    Moderately High
    Launch date
    07-12-2001
    Minimum investment
    ₹10,000
    Minimum additional investment
    ₹10,000
    AUM
    ₹11,551.08 Cr (30-09-2026)
    Lock in
    None
    Scheme code (Direct)
    143494
    ISIN (Direct)
    INF204K01YH3
    Scheme code (Regular)
    143493
    ISIN (Regular)
    INF204K01UE8
    NAV history
    From 21-05-2018, 8.4 years
    Benchmark
    CRISIL Ultra Short Duration Debt A-I Index
    Exit load
    Nil

    Tax on Nippon India Ultra Short Term Fund returns

    • Nippon India 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

    PlanOptionNAVAs on
    directGrowth₹4,851.445730-10-2026
    directDaily IDCW₹1,114.1530-10-2026
    directMonthly IDCW₹1,034.789730-10-2026
    directQuarterly IDCW₹1,018.966530-10-2026
    directWeekly IDCW₹1,091.6930-10-2026
    regularGrowth₹4,357.137930-10-2026
    regularDaily IDCW₹1,114.1530-10-2026
    regularMonthly IDCW₹1,024.334730-10-2026
    regularQuarterly IDCW₹1,011.790930-10-2026
    regularWeekly IDCW₹1,091.6930-10-2026

    About Nippon India Ultra Short Term Fund

    Nippon India Ultra Short Term Fund is a mutual fund from Nippon India Mutual Fund. Its category is Ultra Short. It was launched on 07-12-2001. Its benchmark is CRISIL Ultra Short Duration Debt A-I Index. At the end of September 2026 it held 117 securities.

    Fund Manager

    • Vivek Sharma

      Fund manager of Nippon India Ultra Short Term Fund, since 01-10-2013

    See all funds of Nippon India Mutual Fund

    AUM change

    September 2026
    ₹11,551.08 Cr
    −7.20% from August 2026
    August 2026
    ₹12,447.28 Cr
    +6.77% from July 2026
    July 2026
    ₹11,658.55 Cr
    +14.30% from June 2026

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

    Compare Nippon India Ultra Short Term Fund with Other Funds

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

    Compare with any other fund

    Frequently Asked Questions for Nippon India Ultra Short Term Fund

    What is the current NAV of Nippon India Ultra Short Term Fund?

    The Direct plan NAV is ₹4,851.4457. The Regular plan NAV is ₹4,357.1379, as on 30-10-2026.

    What is the expense ratio of Nippon India Ultra Short Term Fund?

    The Direct plan charges 0.33% a year. The Regular plan charges 1.05% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

    What is the AUM of Nippon India Ultra Short Term Fund?

    Nippon India Ultra Short Term Fund managed ₹11,551.08 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

    What are the top holdings of Nippon India Ultra Short Term Fund?

    At the end of September 2026 the largest holdings were 8.5% Nirma Limited (3.00%), 9.4% Vedanta Aluminium Metal Limited (2.78%), National Bank For Agriculture and Rural Development (2.73%), Punjab National Bank (2.54%), HDFC Bank Limited (2.52%). The fund held 117 securities in all.

    How do I invest in Nippon India Ultra Short Term Fund?

    Through Nippon India 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 ₹10,000. You can invest once or through a monthly SIP.

    Who is the fund manager of Nippon India Ultra Short Term Fund?

    Vivek Sharma (since 01-10-2013).

    What is the exit load of Nippon India Ultra Short Term Fund?

    Nil

    Does Nippon India Ultra Short Term Fund have a lock-in period?

    No. You can redeem your units on any business day. An exit load may still apply.

    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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