Best Short Duration Fund Mutual Funds
Short, Low and Ultra Short Duration funds hold bonds maturing within roughly three years. Shorter maturities mean less sensitivity to interest-rate moves than long-duration debt.
We currently track 3 direct-plan Short Duration Fund schemes from 3 fund houses with a median 5-year CAGR of 6.8%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.
Showing 3 of 3 schemes · sorted by Y5 low to high · page 1 of 1
- DSP Short Term Fund - Direct Plan - GrowthDSP · Debt₹53.90#11Y+4.36%3Y+7.09%5Y+6.19%10Y+6.83%
- Aditya Birla Sun Life Short Term Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹55.22#21Y+4.97%3Y+7.54%5Y+6.80%10Y+7.38%
- ICICI Prudential Short Term Fund - Direct Plan - GrowthICICI Prudential · Debt₹70.67#31Y+5.31%3Y+7.64%5Y+7.06%10Y+7.65%
| # | Fund | Category | NAV | Today | 1Mreturn | 6Mreturn | 1YCAGR | 3YCAGR | 5YCAGR | 10YCAGR | 30D |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | DSP Short Term Fund - Direct Plan - GrowthDSP · #119226 | Short Duration Fund | ₹53.90 | -0.12% | -0.24% | +2.47% | +4.36% | +7.09% | +6.19% | +6.83% | |
| 2 | Aditya Birla Sun Life Short Term Fund - Direct Plan - GROWTHAditya Birla Sun Life · #119498 | Short Duration Fund | ₹55.22 | -0.09% | -0.11% | +2.67% | +4.97% | +7.54% | +6.80% | +7.38% | |
| 3 | ICICI Prudential Short Term Fund - Direct Plan - GrowthICICI Prudential · #120754 | Short Duration Fund | ₹70.67 | -0.14% | -0.17% | +2.68% | +5.31% | +7.64% | +7.06% | +7.65% |
Short Duration Fund funds — frequently asked questions
Which Short Duration Fund fund has the highest 5-year CAGR?
ICICI Prudential Short Term Fund - Direct Plan - Growth currently leads the Short Duration Fund category with a 5-year CAGR of 7.1%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.
What is a good 5-year return for a Short Duration Fund fund?
Across the 3 Short Duration Fund schemes we track, the median 5-year CAGR is 6.8%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.
How is CAGR calculated on this page?
CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.
Why does this list only show direct plans?
Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.