HDFC Mutual Fund
HDFC Ultra Short Term Fund - Direct Plan-Growth Option
Ultra Short Duration
+7.1% 3Y CAGR
HSBC Mutual Fund
Ultra Short Duration · Direct · Growth
NAV as of 30 Oct 2026 · Source: AMFI
HSBC Ultra Short Duration Fund is an Ultra Short Duration fund from HSBC Mutual Fund, with NAVs going back to January 2020. This page covers its direct plan, growth option. It manages ₹2,767 crore, the 9th largest of 23 Ultra Short Duration funds. Its expense ratio is 0.18% a year, lower than the median of 0.31% for Ultra Short Duration funds.
Over the last three years it returned 7.13% a year, 14th of 23 Ultra Short Duration funds (median 7.14%). Over five years it returned 6.58% a year, 13th of 22. It has matched its benchmark, the NIFTY Ultra Short Duration Debt Index A-I, over three years, on AMFI's figures. Its biggest fall from a peak in the last three years was 0.1%, and AMFI's riskometer rates it Low to Moderate.
Annualised (CAGR) for periods over a year, calculated from AMFI NAVs up to 30 Oct 2026. Past performance does not guarantee future returns. How we calculate returns
1 Year
+6.31%
3 Years
+7.13%
5 Years
+6.58%
Since launch (30 Jan 2020)
+6.09%
Fund and benchmark returns as published by AMFI for 29 Oct 2026, so both sides use the same date and method. They can differ slightly from the figures above.
| Period | This fund | Benchmark | Difference |
|---|---|---|---|
| 1 Year | +6.30% | +6.48% | -0.18 pts |
| 3 Years | +7.12% | +7.11% | +0.01 pts |
| 5 Years | +6.56% | +6.60% | -0.04 pts |
| Since launch | +6.07% | +6.05% | +0.02 pts |
Measured from this fund's own daily NAVs over the last three years.
Volatility (annualised)
0.4%
How much the NAV typically swings in a year. Higher means a bumpier ride.
Worst fall from a peak
-0.1%
The biggest drop from a high to a later low. A sense of what a bad stretch has looked like.
Daily NAV since 30 Jan 2020.
These come from the fund's monthly factsheet and Scheme Information Document (SID). We don't show them yet, because we can't keep them accurate. Check them on HSBC Mutual Fund's website before you invest.
Funds next to HSBC Ultra Short Duration Fund, in the same category, ranked by 3-year return.
HDFC Mutual Fund
Ultra Short Duration
+7.1% 3Y CAGR
SBI Mutual Fund
Ultra Short Duration
+7.1% 3Y CAGR
HSBC Ultra Short Duration Fund - Direct Growth
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