DSP Ultra Short Fund Regular Growth
DebtUltra Short DurationLow to Moderate Risk
Regular
NAV (18-Jun-25)
₹3402.960.02%1D
Returns (Since Inception)
6.70%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹4,011 Cr
Expense Ratio
1.02%
ISIN
INF740K01QQ3
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
31 Jul 2006
About this fund
DSP Ultra Short Fund Regular Growth is a Ultra Short Duration mutual fund schemes offered by DSP Mutual Fund. This fund has been in existence for 18 years, 10 months and 19 days, having been launched on 31-Jul-06.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹3402.96, Assets Under Management (AUM) of 4010.78 Crores, and an expense ratio of 1.02%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹3402.96, Assets Under Management (AUM) of 4010.78 Crores, and an expense ratio of 1.02%.
- DSP Ultra Short Fund Regular Growth has given a CAGR return of 6.70% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 28.26% in debts, and 71.41% in cash & cash equivalents.
- You can start investing in DSP Ultra Short Fund Regular Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.37%
+7.18% (Cat Avg.)
3 Years
+6.70%
+6.70% (Cat Avg.)
5 Years
+5.21%
+5.53% (Cat Avg.)
10 Years
+5.88%
+5.59% (Cat Avg.)
Since Inception
+6.70%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Debt | ₹1,133.29 Cr | 28.26% |
| Others | ₹2,877.49 Cr | 71.74% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Axis Bank Limited | Cash - CD/Time Deposit | ₹122.97 Cr | 3.07% |
| ICICI Bank Ltd. | Cash - CD/Time Deposit | ₹121.46 Cr | 3.03% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹107.1 Cr | 2.67% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹98.26 Cr | 2.45% |
| 364 DTB 06112025 | Bond - Gov't/Treasury | ₹97.63 Cr | 2.43% |
| Axis Bank Ltd. | Cash - CD/Time Deposit | ₹97.16 Cr | 2.42% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹97.11 Cr | 2.42% |
| Treps / Reverse Repo Investments | Cash - Repurchase Agreement | ₹96.78 Cr | 2.41% |
| 5.15% Govt Stock 2025 | Bond - Gov't/Treasury | ₹95.07 Cr | 2.37% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹78.64 Cr | 1.96% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹75.54 Cr | 1.88% |
| Canara Bank | Cash - CD/Time Deposit | ₹73.82 Cr | 1.84% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹73.56 Cr | 1.83% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹72.61 Cr | 1.81% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹72.59 Cr | 1.81% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹72.53 Cr | 1.81% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹72.44 Cr | 1.81% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹71.86 Cr | 1.79% |
| 182 DTB 31072025 | Bond - Gov't/Treasury | ₹64.41 Cr | 1.61% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹62.49 Cr | 1.56% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹52.47 Cr | 1.31% |
| Mahindra Rural Housing Finance Limited | Bond - Corporate Bond | ₹52.22 Cr | 1.30% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹51.96 Cr | 1.30% |
| Net Receivables/Payables | Cash | ₹-51.55 Cr | 1.29% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹50.52 Cr | 1.26% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹50.23 Cr | 1.25% |
| Canara Bank | Cash - CD/Time Deposit | ₹49.21 Cr | 1.23% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.2 Cr | 1.23% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.15 Cr | 1.23% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹49.01 Cr | 1.22% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹48.99 Cr | 1.22% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹48.87 Cr | 1.22% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹48.66 Cr | 1.21% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹48.57 Cr | 1.21% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹48.56 Cr | 1.21% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹48.48 Cr | 1.21% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹48.48 Cr | 1.21% |
| Hero Fincorp Limited | Cash - Commercial Paper | ₹48.36 Cr | 1.21% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.29 Cr | 1.20% |
| Indusind Bank Ltd. | Cash - CD/Time Deposit | ₹48.27 Cr | 1.20% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.26 Cr | 1.20% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹48.24 Cr | 1.20% |
| Piramal Finance Limited | Cash - Commercial Paper | ₹48.23 Cr | 1.20% |
| Export-Import Bank Of India | Cash - CD/Time Deposit | ₹48.2 Cr | 1.20% |
| 364 Days Tbill Red 12-03-2026 | Bond - Gov't/Treasury | ₹47.91 Cr | 1.19% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹47.15 Cr | 1.18% |
| 08.42 JH Sdl 2026 | Bond - Gov't/Treasury | ₹41.8 Cr | 1.04% |
| 08.25 MP Sdl 2025sep | Bond - Gov't/Treasury | ₹35.87 Cr | 0.89% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹30.55 Cr | 0.76% |
| INDIA UNIVERSAL TRUST AL1 | Bond - Asset Backed | ₹27.52 Cr | 0.69% |
| Aditya Birla Renewables Limited | Bond - Corporate Bond | ₹26.99 Cr | 0.67% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹26.85 Cr | 0.67% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹26.8 Cr | 0.67% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹26.66 Cr | 0.66% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹26.31 Cr | 0.66% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹26.16 Cr | 0.65% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹25.99 Cr | 0.65% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.9 Cr | 0.65% |
| Mahindra And Mahindra Financial Services Limited | Bond - Corporate Bond | ₹25.62 Cr | 0.64% |
| 07.99 KA Sdl 2025 | Bond - Gov't/Treasury | ₹25.4 Cr | 0.63% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.35 Cr | 0.63% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹25.23 Cr | 0.63% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹24.96 Cr | 0.62% |
| 182 DTB 12062025 | Bond - Gov't/Treasury | ₹24.96 Cr | 0.62% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹24.9 Cr | 0.62% |
| Nuvama Wealth and Investment Ltd. | Cash - Commercial Paper | ₹24.54 Cr | 0.61% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.54 Cr | 0.61% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹24.45 Cr | 0.61% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.44 Cr | 0.61% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.43 Cr | 0.61% |
| Bank Of Baroda** | Cash - CD/Time Deposit | ₹24.43 Cr | 0.61% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.3 Cr | 0.61% |
| Kotak Mahindra Bank Limited (26/11/2025) | Cash - CD/Time Deposit | ₹24.24 Cr | 0.60% |
| Canara Bank | Cash - CD/Time Deposit | ₹24.2 Cr | 0.60% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹24.2 Cr | 0.60% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.15 Cr | 0.60% |
| Canara Bank | Cash - CD/Time Deposit | ₹24.11 Cr | 0.60% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹24.06 Cr | 0.60% |
| Nuvama Wealth and Investment Ltd. | Cash - Commercial Paper | ₹24.03 Cr | 0.60% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹23.95 Cr | 0.60% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹23.86 Cr | 0.59% |
| Canara Bank** | Cash - CD/Time Deposit | ₹23.79 Cr | 0.59% |
| Bahadur Chand Investments Private Limited | Cash - Commercial Paper | ₹23.61 Cr | 0.59% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹23.52 Cr | 0.59% |
| Sundaram Finance Limited | Bond - Corporate Bond | ₹21.22 Cr | 0.53% |
| Tata Capital Limited | Bond - Corporate Bond | ₹21.2 Cr | 0.53% |
| 364 DTB 07082025 | Bond - Gov't/Treasury | ₹19.8 Cr | 0.49% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹10.72 Cr | 0.27% |
| Sundaram Finance Limited | Bond - Corporate Bond | ₹10.57 Cr | 0.26% |
| 07.71 GJ Sdl 2027 | Bond - Gov't/Treasury | ₹10.48 Cr | 0.26% |
| 08.31 Ts SDL 2026 | Bond - Gov't/Treasury | ₹10.46 Cr | 0.26% |
| SBI Funds Management Pvt Ltd/Fund Parent | Mutual Fund - Open End | ₹8.21 Cr | 0.20% |
| Roadstar Infra Investment Trust | Mutual Fund - Unspecified | ₹5.32 Cr | 0.13% |
| 08.39 MP Sdl 2026 | Bond - Gov't/Treasury | ₹5.23 Cr | 0.13% |
| 364 DTB 15082025 | Bond - Gov't/Treasury | ₹4.94 Cr | 0.12% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹2,015.35 Cr | 50.25% |
| Bond - Corporate Bond | ₹905.19 Cr | 22.57% |
| Cash - Commercial Paper | ₹520 Cr | 12.96% |
| Bond - Gov't/Treasury | ₹483.96 Cr | 12.07% |
| Cash - Repurchase Agreement | ₹96.78 Cr | 2.41% |
| Cash | ₹-51.55 Cr | 1.29% |
| Bond - Asset Backed | ₹27.52 Cr | 0.69% |
| Mutual Fund - Open End | ₹8.21 Cr | 0.20% |
| Mutual Fund - Unspecified | ₹5.32 Cr | 0.13% |
Risk & Performance Ratios
Standard Deviation
This fund
0.35%
Cat. avg.
0.49%
Lower the better
Sharpe Ratio
This fund
-0.20
Cat. avg.
0.28
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.10
Higher the better
Fund Managers
Karan Mundhra
Since May 2021
SV
Shalini Vasanta
Since January 2025
Additional Scheme Detailsas of 31st May 2025
ISIN | INF740K01QQ3 | Expense Ratio | 1.02% | Exit Load | No Charges | Fund Size | ₹4,011 Cr | Age | 18 years 10 months | Lumpsum Minimum | ₹100 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Ultra Short Duration Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Franklin India Ultra Short Duration Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹251.57 Cr | - |
| Franklin India Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹251.57 Cr | - |
| Invesco India Ultra Short Term Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹1051.40 Cr | 8.0% |
| Motilal Oswal Ultra Short Term Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹572.44 Cr | 6.0% |
| Motilal Oswal Ultra Short Term Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹572.44 Cr | 6.6% |
| ITI Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹162.92 Cr | 6.8% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹162.92 Cr | 7.7% |
| Sundaram Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2550.51 Cr | 8.0% |
| Nippon India Ultra Short Duration Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹8772.15 Cr | 8.2% |
| Kotak Savings Fund Direct Growth Low to Moderate Risk | 0.4% | 0.0% | ₹15401.47 Cr | 7.9% |
About the AMC
Total AUM
₹1,88,100 Cr
Address
West Wing, 11th Floor, Mumbai, 400021
Other Funds by DSP Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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We're here to help.
What is the current NAV of DSP Ultra Short Fund Regular Growth?
The NAV of DSP Ultra Short Fund Regular Growth, as of 18-Jun-2025, is ₹3402.96.
What are the returns of DSP Ultra Short Fund Regular Growth?
The fund has generated 7.37% over the last 1 year and 6.70% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of DSP Ultra Short Fund Regular Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 28.26% in bonds, and 71.41% in cash and cash equivalents.
Who manages the DSP Ultra Short Fund Regular Growth?
The fund managers responsible for DSP Ultra Short Fund Regular Growth are:-
- Karan Mundhra
- Shalini Vasanta
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.