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Ultra Short Term Funds Compared

Every ultra short term mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty 50, ranked by a stated measure, from AMFI NAVs.

In short · Updated 30 Oct 2026

As of 30 Sep 2026, there are 19 ultra short term funds with at least 3 years of NAVs. Over 5 years their direct plans returned a median 6.6% a year. The highest 5-year return was Nippon India Ultra Short Term Fund at 7.0% a year.

Check any fund against its index →

All ultra short term funds, ranked by 5-year return

#Fund1y3y5y10y5y regular5y SIP XIRRExpense ratio (direct)
1Nippon India Ultra Short Term Fund7.0%7.6%7.0%—6.2%7.4%0.34%
2Axis Ultra Short Term Fund6.8%7.4%6.8%—5.9%7.2%0.36%
3Aditya Birla Sun Life Ultra Short Term Fund6.6%7.5%6.8%7.0%6.6%7.2%0.32%
4Mirae Asset Ultra Short-Term Fund6.7%7.4%6.7%—6.5%7.2%0.23%
5DSP Ultra Short Term Fund6.7%7.4%6.7%6.4%5.9%7.2%0.30%
6Baroda BNP Paribas Ultra Short Term Fund6.6%7.2%6.7%—6.5%7.1%0.28%
7UTI Ultra Short Term Fund6.6%7.3%6.7%6.6%6.0%7.1%0.38%
8Invesco India Ultra Short Term Fund6.7%7.3%6.6%6.7%6.1%7.1%0.27%
9Mahindra Manulife Ultra Short Term Fund6.6%7.3%6.6%—6.2%7.1%0.31%
10Kotak Ultra Short Term Fund6.5%7.2%6.6%6.7%6.1%7.0%0.36%
11SBI Ultra Short Term Fund6.4%7.2%6.5%6.6%6.3%6.9%0.35%
12PGIM India Ultra Short Term Fund6.3%7.1%6.5%7.2%5.8%6.9%0.33%
13Bandhan Ultra Short Term Fund6.5%7.2%6.5%—6.3%6.9%0.30%
14ITI Ultra Short Term Fund6.4%7.1%6.4%—5.5%6.8%0.21%
15WhiteOak Capital Ultra Short Term Fund6.4%7.0%6.3%—5.7%6.8%0.27%
16LIC MF Ultra Short Term Fund6.7%7.2%6.3%—5.7%6.9%0.25%
17Canara Robeco Ultra Short Term Fund6.5%7.1%6.3%6.1%5.7%6.8%0.31%
18Bank Of India Ultra Short Term Fund6.5%6.9%6.2%6.5%5.8%6.7%0.42%
—Sundaram Ultra Short Term Fund (Formerly Known as Sundaram Ultra Short Duration Fund)6.5%7.3%————0.23%

Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund. Other categories: all mutual fund categories.

Key takeaways

Frequently asked questions

Which ultra short term fund has given the highest returns?

Over the 5 years to 30 Sep 2026, Nippon India Ultra Short Term Fund (direct plan) at 7.0% a year. Past returns do not predict future ones.

What is the average return of ultra short term funds?

The median direct plan returned 6.6% a year over 5 years to 30 Sep 2026.

Check any fund against its index →

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