Best Ultra Short to 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 27 direct-plan Ultra Short to Short Term Fund schemes from 25 fund houses with a median 5-year CAGR of 6.6%. 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 27 of 27 schemes · sorted by Y5 high to low · page 1 of 1
- Aditya Birla Sun Life Ultra short to short term Fund - Direct Plan - GROWTHAditya Birla Sun Life · Debt₹786.36#11Y+5.92%3Y+7.33%5Y+6.76%10Y+7.20%
- Nippon India Ultra Short to Short Term Fund - Direct Plan - Growth OptionNippon India · Debt₹4,306.07#21Y+6.22%3Y+7.44%5Y+6.75%10Y+6.93%
- HDFC Ultra Short to Short Term Fund - Direct Plan - Growth OptionHDFC · Debt₹67.76#31Y+6.01%3Y+7.38%5Y+6.73%10Y+7.05%
- Kotak Ultra Short to Short Term Fund - Direct Plan - Growth OptionKotak Mahindra · Debt₹3,949.04#41Y+6.09%3Y+7.45%5Y+6.72%10Y+7.28%
- Axis Ultra Short to Short Term Fund - Direct Plan - Growth OptionAxis · Debt₹3,516.64#51Y+6.19%3Y+7.43%5Y+6.70%10Y+7.01%
- Mahindra Manulife Ultra Short to Short Term Fund - Direct Plan - GrowthMahindra Manulife · Debt₹1,900.93#61Y+6.18%3Y+7.43%5Y+6.69%10Y—
- Mirae Asset Ultra Short to Short Term Fund - Direct Plan - GrowthMirae Asset · Debt₹2,665.23#71Y+6.17%3Y+7.43%5Y+6.64%10Y+6.54%
- ICICI Prudential Ultra Short to Short Term Fund - Direct Plan - GrowthICICI Prudential · Debt₹597.17#81Y+6.13%3Y+7.40%5Y+6.64%10Y+7.06%
- UTI Ultra Short to Short Term Fund - Direct Plan - GrowthUTI · Debt₹3,899.44#91Y+6.02%3Y+7.23%5Y+6.57%10Y+6.00%
- LIC MF Ultra Short to Short Term fund - Direct Plan - GrowthLIC · Debt₹46.49#101Y+6.28%3Y+7.34%5Y+6.56%10Y+6.45%
- Tata Ultra Short to Short Term Fund - Direct Plan - Growth OptionTata · Debt₹4,379.77#111Y+6.24%3Y+7.29%5Y+6.54%10Y+6.20%
- SBI Ultra Short to Short Term Fund - Direct Plan - GrowthSBI · Debt₹3,923.71#121Y+5.84%3Y+7.21%5Y+6.53%10Y+6.75%
- JM Ultra Short to Short Term Fund - Direct Plan - Growth OptionJM Financial · Debt₹41.19#131Y+6.00%3Y+7.23%5Y+6.51%10Y—
- Canara Robeco Ultra Short to Short Term Fund - Direct Plan - GROWTH OPTIONCanara Robeco · Debt₹46.88#141Y+6.09%3Y+7.20%5Y+6.47%10Y+6.55%
- DSP Ultra Short to Short Term Fund - Direct Plan - GrowthDSP · Debt₹22.09#151Y+5.76%3Y+7.09%5Y+6.44%10Y+6.72%
- Invesco India Ultra Short to Short Term Fund - Direct Plan - GrowthInvesco · Debt₹4,256.03#161Y+5.89%3Y+7.12%5Y+6.41%10Y+6.75%
- BANDHAN ULTRA SHORT TO SHORT TERM FUND - Direct Plan - GrowthBandhan · Debt₹42.70#171Y+5.95%3Y+7.11%5Y+6.40%10Y+6.68%
- Kotak Ultra Short to Short Term Fund - Direct Plan - Standard Income Distribution cum capital withdrawal optionKotak Mahindra · Debt₹1,471.15#181Y-7.00%3Y+2.84%5Y+3.95%10Y+3.49%
- Sundaram Ultra Short to Short Term Fund (Formerly Known as Sundaram Low Duration Fund) - Direct Plan - GROWTHSundaram · Debt₹4,008.90#191Y+5.88%3Y+7.27%5Y—10Y—
- BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUND - Growth OptionBaroda BNP Paribas · Debt₹43.09#201Y+5.40%3Y+6.53%5Y—10Y—
- BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUND - Direct Plan - Growth OptionBaroda BNP Paribas · Debt₹47.56#211Y+6.21%3Y+7.32%5Y—10Y—
- HSBC Ultra Short to Short Term Fund - Direct Plan - GrowthHSBC · Debt₹32.79#221Y+6.14%3Y+7.83%5Y—10Y—
- Franklin India Ultra Short to Short Term Fund - Direct Plan - GrowthFranklin Templeton · Debt₹11.19#231Y+6.28%3Y—5Y—10Y—
- Edelweiss Ultra Short to Short Term Fund - Direct Plan - GrowthEdelweiss · Debt₹1,109.60#241Y+6.10%3Y—5Y—10Y—
- Union Ultra Short to Short Term Fund - Direct Plan - Growth OptionUnion · Debt₹10.72#251Y+5.58%3Y—5Y—10Y—
- JioBlackRock Ultra Short to Short Term Fund - Direct Plan - Growth OptionJio BlackRock · Debt₹1,045.04#261Y—3Y—5Y—10Y—
- Bajaj Finserv Ultra Short to Short Term Fund - Direct Plan - GrowthBajaj Finserv · Debt₹1,040.11#271Y—3Y—5Y—10Y—
Ultra Short to Short Term Fund funds — frequently asked questions
Which Ultra Short to Short Term Fund fund has the highest 5-year CAGR?
Aditya Birla Sun Life Ultra short to short term Fund - Direct Plan - GROWTH currently leads the Ultra Short to Short Term 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 to Short Term Fund fund?
Across the 27 Ultra Short to Short Term Fund schemes we track, the median 5-year CAGR is 6.6%. 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.