Ultra Short Duration Mutual Funds
Ultra short duration funds, a category of debt mutual funds, invest in fixed-income instruments with a portfolio duration typically between three to six months.
These funds aim to offer better returns than liquid funds by taking on slightly higher interest rate and credit risk. However, they still maintain a relatively low sensitivity to interest rate movements compared to longer-duration debt funds. Ultra short duration funds are suitable for investors looking for short-term parking of funds with the potential for moderate returns. The best-performing Ultra Short Duration Funds are listed in the table below for your consideration.
List of Ultra Short Duration Mutual Funds
| Fund Name | Fund Size (Cr.) | 3Y Returns | 5Y Returns |
|---|
| Fund Name | 1Y Returns | Rating | Fund Size (Cr.) |
|---|
What is an Ultra Short Duration Mutual Fund?
Ultra Short Duration Mutual Funds are a category of debt mutual funds that invest in a mix of debt and money market instruments with a Macaulay duration between 1 to 3 years, as defined by SEBI. These funds primarily invest in high-quality corporate bonds, government securities, and other fixed-income instruments. They aim to offer better returns than ultra-short or liquid funds while maintaining moderate risk levels.
Ultra Short Term Funds make investments on money market instruments and debt assets to help the Macaulay. The portfolio of the fund has a duration of three to six months. These funds are therefore perfect for conservative investors with a three to six month investment horizon.
Investors who wish to reach certain financial objectives within six months are the ideal candidates for these funds. These funds typically yield returns in the region of 7 to 9%.
Popular Ultra Short Duration Mutual Funds
- Nippon India Ultra Short Duration Fund - Direct Growth
- ₹ 100
- ₹ 11,0600
- 7.64%
- Min SIP Investment Amt
- ₹ 100
- AUM (Cr.)
- ₹ 11,060
- 3Y Return
- 7.64%
- Min SIP Investment Amt
- ₹ 100
- AUM (Cr.)
- ₹ 11,060
- 3Y Return
- 7.64%
- Aditya Birla SL Savings Fund - Direct Growth
- ₹ 1000
- ₹ 23,6150
- 7.60%
- Min SIP Investment Amt
- ₹ 1000
- AUM (Cr.)
- ₹ 23,615
- 3Y Return
- 7.60%
- Min SIP Investment Amt
- ₹ 1000
- AUM (Cr.)
- ₹ 23,615
- 3Y Return
- 7.60%
- AXIS Ultra Short Duration Fund - Direct Growth
- ₹ 100
- ₹ 5,3560
- 7.54%
- Min SIP Investment Amt
- ₹ 100
- AUM (Cr.)
- ₹ 5,356
- 3Y Return
- 7.54%
- Min SIP Investment Amt
- ₹ 100
- AUM (Cr.)
- ₹ 5,356
- 3Y Return
- 7.54%
- ICICI Pru Ultra Short Term Fund - Direct Growth
- ₹ 1000
- ₹ 16,9070
- 7.52%
- Min SIP Investment Amt
- ₹ 1000
- AUM (Cr.)
- ₹ 16,907
- 3Y Return
- 7.52%
- Min SIP Investment Amt
- ₹ 1000
- AUM (Cr.)
- ₹ 16,907
- 3Y Return
- 7.52%
- Tata Ultra Short Term Fund - Direct Growth
- ₹ 150
- ₹ 4,5610
- 7.52%
- Min SIP Investment Amt
- ₹ 150
- AUM (Cr.)
- ₹ 4,561
- 3Y Return
- 7.52%
- Min SIP Investment Amt
- ₹ 150
- AUM (Cr.)
- ₹ 4,561
- 3Y Return
- 7.52%
- Mirae Asset Ultra Short Duration Fund - Dir Growth
- ₹ 99
- ₹ 2,0670
- 7.48%
- Min SIP Investment Amt
- ₹ 99
- AUM (Cr.)
- ₹ 2,067
- 3Y Return
- 7.48%
- Min SIP Investment Amt
- ₹ 99
- AUM (Cr.)
- ₹ 2,067
- 3Y Return
- 7.48%
- DSP Ultra Short Fund - Direct Growth
- ₹ 100
- ₹ 3,9720
- 7.46%
- Min SIP Investment Amt
- ₹ 100
- AUM (Cr.)
- ₹ 3,972
- 3Y Return
- 7.46%
- Min SIP Investment Amt
- ₹ 100
- AUM (Cr.)
- ₹ 3,972
- 3Y Return
- 7.46%
- UTI-Ultra Short Duration Fund - Direct Growth
- ₹ 500
- ₹ 3,6550
- 7.41%
- Min SIP Investment Amt
- ₹ 500
- AUM (Cr.)
- ₹ 3,655
- 3Y Return
- 7.41%
- Min SIP Investment Amt
- ₹ 500
- AUM (Cr.)
- ₹ 3,655
- 3Y Return
- 7.41%
- Invesco India Ultra Short Duration Fund-Dir Growth
- ₹ 1000
- ₹ 1,2340
- 7.39%
- Min SIP Investment Amt
- ₹ 1000
- AUM (Cr.)
- ₹ 1,234
- 3Y Return
- 7.39%
- Min SIP Investment Amt
- ₹ 1000
- AUM (Cr.)
- ₹ 1,234
- 3Y Return
- 7.39%
- Sundaram Ultra Short Duration Fund - Direct Growth
- ₹ 100
- ₹ 1,9960
- 7.38%
- Min SIP Investment Amt
- ₹ 100
- AUM (Cr.)
- ₹ 1,996
- 3Y Return
- 7.38%
- Min SIP Investment Amt
- ₹ 100
- AUM (Cr.)
- ₹ 1,996
- 3Y Return
- 7.38%