Mirae Asset Mutual Fund
Mirae Asset Ultra Short Duration Fund Direct Growth
Ultra Short Duration
+7.3% 3Y CAGR
ICICI Prudential Mutual Fund
Ultra Short Duration · Direct · Growth
NAV as of 30 Oct 2026 · Source: AMFI
ICICI Prudential Ultra Short Term Fund is an Ultra Short Duration fund from ICICI Prudential Mutual Fund, with NAVs going back to January 2013. This page covers its direct plan, growth option. It manages ₹14,616 crore, the 3rd largest of 23 Ultra Short Duration funds. Its expense ratio is 0.40% a year, higher than the median of 0.31% for Ultra Short Duration funds.
Over the last three years it returned 7.31% a year, 5th of 23 Ultra Short Duration funds (median 7.14%). Over five years it returned 6.77% a year, 4th of 22. It is 0.19 percentage points a year ahead of 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 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
+6.37%
3 Years
+7.31%
5 Years
+6.77%
Since launch (9 Jan 2013)
+7.90%
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 | +6.37% | +6.48% | -0.11 pts |
| 3 Years | +7.30% | +7.11% | +0.19 pts |
| 5 Years | +6.77% | +6.60% | +0.17 pts |
| 10 Years | +7.14% | +6.50% | +0.64 pts |
| Since launch | +7.90% | +7.18% | +0.72 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 9 Jan 2013.
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 ICICI Prudential Mutual Fund's website before you invest.
Funds next to ICICI Prudential Ultra Short Term Fund, in the same category, ranked by 3-year return.
Mirae Asset Mutual Fund
Ultra Short Duration
+7.3% 3Y CAGR
Invesco Mutual Fund
Ultra Short Duration
+7.3% 3Y CAGR
ICICI Prudential Ultra Short Term Fund - Direct Plan - Growth
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