June 13, 2025
mayank
ICICI Prudential Ultra Short Term Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 29.8901
Weekly NAV IDCW: Rs 10.0800
Quarterly NAV IDCW: Rs 11.0973
NAV IDCW Monthly: Rs 10.8136
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate income through investments in a range of debt and money market instruments.
Fund Manager:
1) Manish Banthia
Education: Mr. Banthia is B.Com, CA and MBA
Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC – Fixed Income Investments – Aug 2007 to Oct 2009, ICICI Prudential AMC – New Product Development – Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. – From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. – From May 2004 to May 2005.
2) Ritesh Lunawat
Education: Mr. Lunawat is B.Com and Chartered Accountant.
Experience: He has been Working with ICICI Prudential AMC Since September 2013.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ICICI Prudential Ultra Short Term Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.05% |
| Benchmark | NIFTY Ultra Short Duration Debt Index A-I |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 16,269 Cr |
| (As on 31-May-2025) | |
| Expense | 0.39% |
| (As on 31-May-2025) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
Trailing Returns (%) of ICICI Prudential Ultra Short Term Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Ultra Short Term Dir | 3.80 | -0.01 | 0.90 | 2.43 | 4.18 | 8.12 | 7.48 | 6.56 | 7.11 | 7.77 |
| CCIL T Bill Liquidity Weight | 2.57 | -0.01 | 0.60 | 1.60 | 2.72 | 5.29 | 4.52 | 3.52 | 3.75 | 3.95 |
| Debt: Ultra Short Duration | 3.68 | 0.01 | 0.81 | 2.29 | 4.05 | 7.92 | 7.27 | 6.04 | 6.26 | 6.60 |
| Rank within category | 4 | 30 | 2 | 2 | 4 | 6 | 4 | 3 | 2 | — |
| Number of funds in category | 26 | 30 | 30 | 27 | 25 | 24 | 24 | 22 | 14 | 11 |
Peer Comparison of ICICI Prudential Ultra Short Term Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| ICICI Pru Ultra Short Term Dir | 4 star | 8.12 | 7.48 | 6.56 | 0.39 | 16,269 | 8.05 | — | 12Y 5M |
| Nippon India Ultra Short Duration Dir | 5 star | 8.26 | 7.63 | 7.39 | 0.38 | 8,772 | 7.25 | — | 12Y 5M |
| Axis Ultra Short Duration Dir | 4 star | 8.13 | 7.51 | 6.29 | 0.36 | 6,211 | 6.79 | — | 6Y 9M |
| Tata Ultra Short Term Dir | 4 star | 8.12 | 7.44 | 6.08 | 0.28 | 4,684 | 6.39 | — | 6Y 4M |
| UTI Ultra Short Duration Dir | 4 star | 8.02 | 7.35 | 6.66 | 0.35 | 4,351 | 7.48 | — | 12Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 160 | 59 |
| Macaulay Duration (yrs) | 0.46 | 0.45 |
| Average Maturity (yrs) | 0.69 | 0.51 |
| Yield to Maturity (%) | 7.05 | 6.84 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Ultra Short Term Fund
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