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Best Ultra Short Term 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 30 direct-plan Ultra Short Term Fund schemes from 23 fund houses with a median 5-year CAGR of 6.5%. 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 30 of 30 schemes · sorted by Y5 low to high · page 1 of 1

Rank by1Y CAGR3Y CAGR5Y CAGR10Y CAGR
Sort by1M6M1Y3Y5Y, sorted low to high10Y

Ultra Short Term Fund funds — frequently asked questions

Which Ultra Short Term Fund fund has the highest 5-year CAGR?

Nippon India Ultra Short Term Fund - Direct Plan - Growth Option currently leads the Ultra Short Term Fund category with a 5-year CAGR of 7.0%. 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 Term Fund fund?

Across the 30 Ultra Short Term Fund schemes we track, the median 5-year CAGR is 6.5%. 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.