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    Nippon India Ultra Short to Short Term Fund

    Low DurationDirect and Regular plans, Growth and IDCW options

    Data as on 30-10-2026

    Nippon India Ultra Short to Short Term Fund is a Low Duration fund run by Nippon India Mutual Fund. On 30-09-2026, it managed ₹7,096 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 6.8% a year.

    NAV (Direct plan)
    ₹4,307.67
    ▲ 0.02%30-10-2026
    NAV (Regular plan)
    ₹3,842.19
    ▲ 0.02%30-10-2026
    Expense ratio
    0.39%Direct0.99%Regular
    Riskometer
    Low to Moderate
    Set by the fund house
    3 year return
    7.3%Direct6.8%Regular

    Nippon India Ultra Short to Short Term Fund NAV Today

    NAV on 30-10-2026: Direct Plan Growth ₹4,307.67 (up 0.02% that day); Regular Plan Growth ₹3,842.19 (up 0.02% that day).

    Nippon India 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
    Period1M3M6M1Y3Y5Y10Y
    This fund (Direct)+0.21%+1.19%+3.11%+5.95%+7.34%+6.74%+6.92%
    This fund (Regular)+0.17%+1.10%+2.91%+5.78%+6.76%+6.08%+6.17%
    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 Duration9/254/253/254/232/202/176/15

    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.

    Nippon India Ultra Short to Short Term Fund Year-wise Returns

    Return of each calendar year
    YearDirectRegular
    2026to date+4.89%+4.86%
    2025+7.86%+7.08%
    2024+8.02%+7.23%
    2023+7.37%+6.59%
    2022+4.85%+4.08%
    2021+4.81%+4.01%

    Nippon India 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 2016
    Sept 2015
    to
    Sept 2018
    Jul 2017
    to
    Jul 2020
    May 2019
    to
    May 2022
    Mar 2021
    to
    Mar 2024
    Dec 2022
    to
    Dec 2025
    Nippon India Ultra Short to Short Term Fund (Direct)Category average, 25 Low Duration funds

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a lossCategory medianBeat category
    1 year3,0947.7%3.9%10.6%0%7.7%73%
    2 years2,8597.6%4.7%9.9%0%7.4%77%
    3 years2,6187.5%5.6%9.6%0%7.3%80%
    5 years2,1356.8%6.3%8.8%0%6.6%98%
    7 years1,6537.0%6.6%8.5%0%6.7%100%
    10 years9257.3%6.9%7.7%0%7.1%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.

    Nippon India Ultra Short to Short Term Fund Risk

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

    Risk and return

    MeasureNippon India Ultra Short to Short Term Fund (Direct)This fundCategory average
    Return (CAGR)+7.34%+7.22%
    Standard deviation0.50%0.48%
    Sharpe ratio2.652.48
    Sortino ratio4.544.27
    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.

    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
    Nippon India Ultra Short to Short Term Fund (Direct)Category average, 25 Low Duration funds
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Nippon India Ultra Short to Short Term Fund (Direct)−2.0%03-06-201904-06-201920-08-20193 months0.0%
    Category average−2.2%03-06-201907-06-201926-08-20193 months0.0%

    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.

    Nippon India 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 nameRankAUM (Cr)Exp. ratio1Y return3Y return3Y alpha3Y beta3Y Sharpe3Y Sortino
    HSBC Ultra Short to Short Term Fund1/208470.40%+5.86%+7.71%----1.915.75Compare
    Nippon India Ultra Short to Short Term Fund2/207,0960.39%+5.95%+7.34%----2.654.54
    Axis Ultra Short to Short Term Fund3/204,5630.37%+5.94%+7.33%----2.664.55Compare
    Kotak Ultra Short to Short Term Fund3/2012,5660.41%+5.73%+7.33%----2.534.37Compare
    Mirae Asset Ultra Short to Short Term Fund3/202,2900.21%+5.90%+7.33%----2.614.42Compare

    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.

    Nippon India Ultra Short to Short Term Fund Expense Ratio and Costs

    What each plan charges a year, in force from 08-09-2026

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratioLow Duration medianCost rank (1 = cheapest)
    Direct0.32%0.01%0.00%0.06%0.39%0.34%17/25
    Regular0.83%0.01%0.00%0.15%0.99%0.86%18/25

    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 lastRegularDirectDirect earned more by₹1 lakh became (Regular)₹1 lakh became (Direct)
    1 year5.78%5.95%0.17%₹1,05,780₹1,05,950
    3 years6.76%7.34%0.58% a year₹1,21,682₹1,23,676
    5 years6.08%6.74%0.66% a year₹1,34,328₹1,38,559
    10 years6.17%6.92%0.75% a year₹1,81,978₹1,95,249

    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.

    Nippon India 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.

    InvestmentInvestedValue nowGainReturn a year
    Direct planNippon India Ultra Short to Short Term Fund (Direct) ₹16,60,000 ₹27,73,931 ₹11,13,931 7.1%
    Regular planNippon India Ultra Short to Short Term Fund (Regular) ₹16,60,000 ₹26,27,232 ₹9,67,232 6.4%
    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 planNippon India Ultra Short to Short Term Fund (Direct)Regular planNippon India 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.

    Nippon India Ultra Short to Short Term Fund Asset Allocation

    Asset allocation as on 30-09-2026

    What the fund holds

    93.1%Debt

    AssetFundCategory
    Debt93.1%93.9%
    Cash and others6.9%6.0%

    Credit rating

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

    RatingFundCategory
    Sovereign7.8%8.9%
    AAA and A1+70.9%72.7%
    AA14.4%12.3%

    Nippon India Ultra Short to Short Term Fund Portfolio Holdings

    As on 30-09-2026 · 87 holdings · from the fund house's monthly portfolio

    HoldingsRatingWeight%
    HDFC Bank Limited · Certificate of depositCARE A1+5.82%
    7.55% Poonawalla Fincorp Limited · BondCRISIL AAA2.81%
    Radhakrishna Securitisation TrustCRISIL AAA(SO)2.69%
    6.6% REC Limited · BondICRA AAA2.59%
    6.73% Power Finance Corporation Limited · BondCRISIL AAA2.45%
    8% Tata Capital Housing Finance Limited · BondCRISIL AAA2.11%
    7.9% Truhome Finance Limited · BondFITCH AA2.09%
    7.48% National Bank For Agriculture and Rural Development · BondCRISIL AAA2.03%
    Liquid Gold SeriesCRISIL AAA(SO)1.90%
    7.75% Bharti Telecom Limited · BondCRISIL AAA1.89%

    Nippon India Ultra Short to Short Term Fund Portfolio Overlap

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

    FundOverlapHoldings in common
    Nippon India Ultra Short Term FundUltra Short · Nippon India17.0%24Compare
    Nippon India Short Term FundShort Duration · Nippon India16.3%21Compare
    Axis Short Term FundShort Duration · Axis15.7%16Compare
    Axis Ultra Short to Short Term FundLow Duration · Axis13.5%19Compare
    UTI Floating Interest Rates FundFloater · UTI13.1%10Compare
    DSP Ultra Short to Short Term FundLow Duration · DSP13.0%16Compare
    LIC MF Ultra Short to Short Term FundLow Duration · LIC11.5%10Compare
    Aditya Birla Sun Life Floating Interest Rates FundFloater · Aditya Birla Sun Life11.4%22Compare

    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 to Short Term Fund Overview

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

    Expense ratio (Direct)
    0.39%
    Expense ratio (Regular)
    0.99%
    Category
    Low Duration
    Risk
    Low to Moderate
    Benchmark
    CRISIL Low Duration Debt A-I Index
    Launch date
    20-03-2007
    Minimum additional investment
    ₹100
    AUM
    ₹7,096.48 Cr (30-09-2026)
    Lock in
    None
    Scheme code (Direct)
    118709
    ISIN (Direct)
    INF204K01ZU3
    Scheme code (Regular)
    111748
    ISIN (Regular)
    INF204K01EN3
    NAV history
    From 02-01-2013, 13.8 years
    Minimum investment
    Daily Income Distribution cum capital withdrawal Option - Rs.10,000 & in multiples of Re. 1 thereafter, Weekly IDCW Option - Rs.5,000 & in multiples of Re. 1 thereafter , All other Options - Rs. 500 and in multiples of Re. 1 thereafter
    Exit load
    Nil

    Tax on Nippon India Ultra Short to Short Term Fund returns

    • Nippon India 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

    PlanOptionNAVAs on
    directBonus₹2,502.30630-10-2026
    directGrowth₹4,307.670730-10-2026
    directDaily IDCW₹1,012.355330-10-2026
    directIDCW₹2,278.243830-10-2026
    directMonthly IDCW₹1,038.340530-10-2026
    directQuarterly IDCW₹1,017.666430-10-2026
    directWeekly IDCW₹1,012.407230-10-2026
    regularRetail Bonus₹2,862.321430-10-2026
    regularBonus₹2,340.151530-10-2026
    regularRetail Growth₹3,842.191430-10-2026
    regularGrowth₹4,030.475130-10-2026
    regularDaily IDCW₹1,012.124230-10-2026
    regularIDCW₹2,142.454730-10-2026
    regularMonthly IDCW₹1,030.07830-10-2026
    regularQuarterly IDCW₹1,016.936830-10-2026
    regularRetail Daily IDCW₹1,012.219630-10-2026
    regularRetail Monthly IDCW₹1,031.973430-10-2026
    regularRetail Quarterly IDCW₹1,016.821830-10-2026
    regularRetail Weekly IDCW₹1,012.265230-10-2026
    regularWeekly IDCW₹1,011.987730-10-2026

    About Nippon India Ultra Short to Short Term Fund

    Nippon India Ultra Short to Short Term Fund is a mutual fund from Nippon India Mutual Fund. Its category is Low Duration. It was launched on 20-03-2007. Its benchmark is CRISIL Low Duration Debt A-I Index. At the end of September 2026 it held 87 securities.

    Fund Manager

    • Vivek Sharma

      Fund manager of Nippon India Ultra Short to Short Term Fund, since 01-02-2020

    See all funds of Nippon India Mutual Fund

    AUM change

    September 2026
    ₹7,096.48 Cr
    −10.55% from August 2026
    August 2026
    ₹7,933.34 Cr
    +1.66% from July 2026
    July 2026
    ₹7,803.93 Cr
    +5.76% 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 to Short Term Fund with Other Funds

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

    Frequently Asked Questions for Nippon India Ultra Short to Short Term Fund

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

    The Direct plan NAV is ₹4,307.6707. The Regular plan NAV is ₹3,842.1914, as on 30-10-2026.

    What are the returns of Nippon India Ultra Short to Short Term Fund?

    The Direct plan returned +5.95% in 1 year, +7.34% a year over 3 years, +6.74% a year over 5 years. The Regular plan returned +5.78% in 1 year, +6.76% a year over 3 years, +6.08% a year over 5 years. These figures are as on 30-10-2026.

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

    The Direct plan charges 0.39% a year. The Regular plan charges 0.99% a year. This is the figure the fund house reported to AMFI, in force from 08-09-2026.

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

    Nippon India Ultra Short to Short Term Fund managed ₹7,096.48 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

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

    At the end of September 2026 the largest holdings were HDFC Bank Limited (5.82%), 7.55% Poonawalla Fincorp Limited (2.81%), Radhakrishna Securitisation Trust (2.69%), 6.6% REC Limited (2.59%), 6.73% Power Finance Corporation Limited (2.45%). The fund held 87 securities in all.

    How do I invest in Nippon India Ultra Short to 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 Daily Income Distribution cum capital withdrawal Option - Rs.10,000 & in multiples of Re. 1 thereafter, Weekly IDCW Option - Rs.5,000 & in multiples of Re. 1 thereafter , All other Options - Rs. 500 and in multiples of Re. 1 thereafter. You can invest once or through a monthly SIP.

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

    Vivek Sharma (since 01-02-2020).

    What is the exit load of Nippon India 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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