Best Ultra 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 4 direct-plan Ultra Short Duration Fund schemes from 4 fund houses with a median 5-year CAGR of 6.7%. 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 4 of 4 schemes · sorted by Y5 high to low · page 1 of 1
- Tata Ultra Short Term Fund - Direct Plan - Growth OptionTata · Debt₹16.24#11Y+6.98%3Y+7.51%5Y+6.81%10Y—
- ICICI Prudential Ultra Short term Fund - Direct Plan - GrowthICICI Prudential · Debt₹32.57#21Y+6.59%3Y+7.39%5Y+6.79%10Y+7.15%
- HDFC Ultra Short Term Fund - Direct Plan - Growth OptionHDFC · Debt₹16.78#31Y+6.35%3Y+7.21%5Y+6.59%10Y—
- Motilal Oswal Ultra Short Term Fund - Direct Plan - GrowthMotilal Oswal · Debt₹18.84#41Y+6.18%3Y+6.43%5Y+5.82%10Y+4.10%
| # | Fund | Category | NAV | Today | 1Mreturn | 6Mreturn | 1YCAGR | 3YCAGR | 5YCAGR | 10YCAGR | 30D |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tata Ultra Short Term Fund - Direct Plan - Growth OptionTata · #146075 | Ultra Short Duration Fund | ₹16.24 | +0.02% | +0.49% | +3.53% | +6.98% | +7.51% | +6.81% | — | |
| 2 | ICICI Prudential Ultra Short term Fund - Direct Plan - GrowthICICI Prudential · #120676 | Ultra Short Duration Fund | ₹32.57 | +0.02% | +0.45% | +3.33% | +6.59% | +7.39% | +6.79% | +7.15% | |
| 3 | HDFC Ultra Short Term Fund - Direct Plan - Growth OptionHDFC · #145034 | Ultra Short Duration Fund | ₹16.78 | +0.02% | +0.44% | +3.23% | +6.35% | +7.21% | +6.59% | — | |
| 4 | Motilal Oswal Ultra Short Term Fund - Direct Plan - GrowthMotilal Oswal · #124234 | Ultra Short Duration Fund | ₹18.84 | +0.03% | +0.46% | +3.13% | +6.18% | +6.43% | +5.82% | +4.10% |
Ultra Short Duration Fund funds — frequently asked questions
Which Ultra Short Duration Fund fund has the highest 5-year CAGR?
Tata Ultra Short Term Fund - Direct Plan - Growth Option currently leads the Ultra Short Duration Fund category with a 5-year CAGR of 6.8%. 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 Ultra Short Duration Fund fund?
Across the 4 Ultra Short Duration Fund schemes we track, the median 5-year CAGR is 6.7%. 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.