October 28, 2026
mayank
ITI Ultra Short Term Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 1,386.14 |
| NAV IDCW Yearly (Rs.) | 1,387.90 |
| Bonus NaV (Rs.) | — |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 12 |
| Benchmark |
CRISIL Ultra Short Duration Debt A-I Index
|
| AUM Rs. | 167 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.17% |
| 1 Year Return (%) | 6.22 |
| 3 Year Return (%) | 6.98 |
| 5 Year Return (%) | 6.40 |
| 10 Year Return (%) | — |
| Return Since Launch | 6.15% |
Suitable For Which Investors?
Ultra Short Term funds are suitable for:
1. Parking emergency corpus or idle money for capital preservation
2. Earning slightly higher returns than savings bank account, with low volatility
3. Investment horizon of 3 months to 1 year
Note:
• There is no guarantee of returns
• Not suitable for long-term wealth creation
Fund’s Investment Strategy:
The scheme seeks to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 – 6 months.
Fund Manager:
1) Laukik Bagwe
Education: Mr. Bagwe is a B.Com (H) and PGDBA (Finance)
Experience: Prior to joining ITI Mutual fund he has worked with DSP Mutual Fund, Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ITI Ultra Short Term Fund
| Fund House | ITI Mutual Fund |
| Launch Date | 05-May-21 |
| Return Since Launch | 6.15% |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | 167 Cr |
| (As on 30-Sep-2026) | |
| Expense | 0.17% |
| (As on 30-Sep-2026) | |
| Risk Grade | Below Average |
| Return Grade | Average |
ITI Ultra Short Term Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ITI Ultra Short Term Dir | 5.04 | 0.01 | 0.27 | 1.37 | 2.96 | 6.22 | 6.98 | 6.40 | — | — |
| Debt: Ultra Short Term | 5.18 | 0.01 | 0.25 | 1.44 | 3.13 | 6.37 | 7.09 | 6.51 | — | — |
| Rank within category | 26 | 19 | 12 | 29 | 30 | 27 | 20 | 20 | — | — |
| Number of funds in category | 31 | 35 | 34 | 33 | 32 | 31 | 24 | 24 | 20 | 11 |
Peer Comparison of ITI 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 | |
| ITI Ultra Short Term Dir | 4 out of 5 stars | 6.22 | 6.98 | 6.40 | 0.17 | 167 | 6.15 | — | 5Y 5M |
| Tata Ultra Short Term Dir | 5 out of 5 stars | 6.79 | 7.42 | 6.79 | 0.26 | 5,404 | 6.45 | — | 7Y 9M |
| Axis Ultra Short Term Dir | 4 out of 5 stars | 6.52 | 7.35 | 6.78 | 0.30 | 4,996 | 6.75 | — | 8Y 1M |
| Mirae Asset Ultra Short-Term Dir | 4 out of 5 stars | 6.42 | 7.31 | 6.69 | 0.18 | 1,808 | 6.18 | — | 6Y |
| LIC MF Ultra Short Term Direct | 4 out of 5 stars | 6.55 | 7.17 | 6.44 | 0.21 | 1,420 | 5.97 | — | 6Y 10M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 23 | 52 |
| Macaulay Duration (yrs) | 0.36 | 0.42 |
| Average Maturity (yrs) | 0.36 | 0.47 |
| Yield to Maturity (%) | 6.66 | 7.08 |
| Avg Credit Rating | AAA | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
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