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ICICI Prudential Ultra Short Term Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (12-Feb-26)
₹31.160.05%1D
Returns (Since Inception)
7.99%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹17,808 Cr
Expense Ratio
0.39%
ISIN
INF109K01T04
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
ICICI Prudential Ultra Short Term Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by ICICI Prudential Mutual Fund. This fund has been in existence for 13 years, 1 months and 12 days, having been launched on 01-Jan-13.
As of 12-Feb-26, it has a Net Asset Value (NAV) of ₹31.16, Assets Under Management (AUM) of 17808.13 Crores, and an expense ratio of 0.39%.
As of 12-Feb-26, it has a Net Asset Value (NAV) of ₹31.16, Assets Under Management (AUM) of 17808.13 Crores, and an expense ratio of 0.39%.
- ICICI Prudential Ultra Short Term Fund Direct Growth has given a CAGR return of 7.99% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 20.67% in debts, and 79.06% in cash & cash equivalents.
- You can start investing in ICICI Prudential Ultra Short Term Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
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
+7.33%
+6.43% (Cat Avg.)
3 Years
+7.56%
+6.77% (Cat Avg.)
5 Years
+6.52%
+5.79% (Cat Avg.)
10 Years
+7.52%
+5.57% (Cat Avg.)
Since Inception
+7.99%
— (Cat Avg.)
Portfolio Summaryas of 31st January 2026
| Debt | ₹3,681.54 Cr | 20.67% |
| Others | ₹14,126.6 Cr | 79.33% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offsets For Shorts & Derivatives | Cash - General Offset | ₹3,525 Cr | 19.79% |
| Treps | Cash - Repurchase Agreement | ₹1,738.94 Cr | 9.76% |
| Interest Rate Swaps- Md -21-Jan-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-700 Cr | 3.93% |
| Interest Rate Swaps- Md -22-Jan-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-550 Cr | 3.09% |
| RADHAKRISHNA SECURITISATION TRUST | Bond - Asset Backed | ₹450.29 Cr | 2.53% |
| Small Industries Development Bk Of India | Cash - Commercial Paper | ₹420.2 Cr | 2.36% |
| National Bk For Agriculture & Rural Dev | Cash - Commercial Paper | ₹373.84 Cr | 2.10% |
| Vedanta Limited | Bond - Corporate Bond | ₹351.26 Cr | 1.97% |
| Goi Floating Rate Bond 2028 | Bond - Gov't/Treasury | ₹311.12 Cr | 1.75% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹302.56 Cr | 1.70% |
| Interest Rate Swaps- Md -15-Dec-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-300 Cr | 1.68% |
| Interest Rate Swaps- Md -15-Jan-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-300 Cr | 1.68% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹298.73 Cr | 1.68% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹287.49 Cr | 1.61% |
| Small Industries Dev Bank Of India | Cash - CD/Time Deposit | ₹284.76 Cr | 1.60% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹281.24 Cr | 1.58% |
| Angel One Limited | Cash - Commercial Paper | ₹276.36 Cr | 1.55% |
| Piramal Finance Limited | Bond - Corporate Bond | ₹246.57 Cr | 1.38% |
| Bank Of India | Cash - CD/Time Deposit | ₹244.82 Cr | 1.37% |
| Equitas Small Finance Bank Limited | Cash - CD/Time Deposit | ₹243.04 Cr | 1.36% |
| Au Small Finance Bank Ltd. ** | Cash - CD/Time Deposit | ₹239.9 Cr | 1.35% |
| Manappuram Finance Limited | Cash - Commercial Paper | ₹237.82 Cr | 1.34% |
| Bank of Baroda | Bond - Corporate Bond | ₹234.65 Cr | 1.32% |
| AU Small Finance Bank Ltd. | Bond - Corporate Bond | ₹234.24 Cr | 1.32% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹233.94 Cr | 1.31% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹233.11 Cr | 1.31% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹225.03 Cr | 1.26% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹222.91 Cr | 1.25% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹220.04 Cr | 1.24% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹201.21 Cr | 1.13% |
| Motilal Oswal Home Finance Limited | Bond - Corporate Bond | ₹200.7 Cr | 1.13% |
| Nuvama Wealth Finance Limited | Bond - Corporate Bond | ₹200.44 Cr | 1.13% |
| Interest Rate Swaps- Md -21-Oct-2026 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-200 Cr | 1.12% |
| Interest Rate Swaps- Md -07-Jun-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-200 Cr | 1.12% |
| Interest Rate Swaps- Md -07-May-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-200 Cr | 1.12% |
| Interest Rate Swaps- Md -28-Jan-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-200 Cr | 1.12% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹199.77 Cr | 1.12% |
| 05/03/2026 Maturing 364 DTB | Bond - Gov't/Treasury | ₹199.11 Cr | 1.12% |
| City Union Bank Limited | Bond - Corporate Bond | ₹198.06 Cr | 1.11% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹196.36 Cr | 1.10% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹195.77 Cr | 1.10% |
| IDFC Bank Limited | Cash - CD/Time Deposit | ₹195.54 Cr | 1.10% |
| Export-Import Bank Of India | Cash - CD/Time Deposit | ₹195.49 Cr | 1.10% |
| Indian Bank | Cash - CD/Time Deposit | ₹195.19 Cr | 1.10% |
| Nuvama Wealth And Investment Limited | Cash - Commercial Paper | ₹193.81 Cr | 1.09% |
| Equitas Small Finance Bank Limited | Cash - CD/Time Deposit | ₹190.72 Cr | 1.07% |
| HDFC Bank Ltd | Cash - CD/Time Deposit | ₹187.17 Cr | 1.05% |
| National Bank for Agriculture and Rural Development | Bond - Gov't Agency Debt | ₹186.74 Cr | 1.05% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹185.01 Cr | 1.04% |
| TATA Projects Limited | Bond - Corporate Bond | ₹164.89 Cr | 0.93% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹164.72 Cr | 0.92% |
| Mankind Pharma Limited | Bond - Corporate Bond | ₹155.05 Cr | 0.87% |
| Dlf Cyber City Developers Ltd | Bond - Corporate Bond | ₹151.58 Cr | 0.85% |
| TATA Communications Limited | Bond - Corporate Bond | ₹150.11 Cr | 0.84% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹146.84 Cr | 0.82% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹146.17 Cr | 0.82% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹144.71 Cr | 0.81% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹144.47 Cr | 0.81% |
| Manappuram Finance Ltd. | Cash - Commercial Paper | ₹142.51 Cr | 0.80% |
| Mashreq Bank Psc India Branch ** | Cash | ₹140.88 Cr | 0.79% |
| Panatone Finvest Ltd | Cash - Commercial Paper | ₹139.8 Cr | 0.79% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹125.12 Cr | 0.70% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹125.04 Cr | 0.70% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹124.59 Cr | 0.70% |
| Nirma Limited | Bond - Corporate Bond | ₹121.51 Cr | 0.68% |
| Net Current Assets | Cash | ₹121.4 Cr | 0.68% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹119.6 Cr | 0.67% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹100.71 Cr | 0.57% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹100.53 Cr | 0.56% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹100.29 Cr | 0.56% |
| Nirma Limited | Bond - Corporate Bond | ₹100.04 Cr | 0.56% |
| 5.7% Karnataka Sdl 2026 | Bond - Gov't/Treasury | ₹100.02 Cr | 0.56% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹100.01 Cr | 0.56% |
| Interest Rate Swaps- Md -06-Jan-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-100 Cr | 0.56% |
| Interest Rate Swaps- Md -11-Oct-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-100 Cr | 0.56% |
| Interest Rate Swaps- Md -26-Feb-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-100 Cr | 0.56% |
| Interest Rate Swaps- Md -11-Mar-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-100 Cr | 0.56% |
| Interest Rate Swaps- Md -17-Feb-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-100 Cr | 0.56% |
| Interest Rate Swaps- Md -25-Jan-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-100 Cr | 0.56% |
| Interest Rate Swaps- Md -29-Jan-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-100 Cr | 0.56% |
| Uno Minda Limited | Bond - Corporate Bond | ₹99.82 Cr | 0.56% |
| Manappuram Finance Limited | Bond - Corporate Bond | ₹99.58 Cr | 0.56% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹99.45 Cr | 0.56% |
| Motilal Oswal Financial Services Limited | Bond - Corporate Bond | ₹99.35 Cr | 0.56% |
| Aadhar Housing Finance Limited | Cash - Commercial Paper | ₹97.69 Cr | 0.55% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹97.62 Cr | 0.55% |
| Aavas Financiers Limited | Cash - Commercial Paper | ₹97.11 Cr | 0.55% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹96.38 Cr | 0.54% |
| Canara Bank | Cash - CD/Time Deposit | ₹93.61 Cr | 0.53% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹93.5 Cr | 0.53% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹93.34 Cr | 0.52% |
| Phoenix Arc Private Limited | Cash - Commercial Paper | ₹92.63 Cr | 0.52% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹75.54 Cr | 0.42% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹75.1 Cr | 0.42% |
| Interest Rate Swaps- Md -30-Apr-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-75 Cr | 0.42% |
| Phoenix ARc Private Limited | Cash - Commercial Paper | ₹74.99 Cr | 0.42% |
| Phoenix ARc Private Limited | Cash - Commercial Paper | ₹74.63 Cr | 0.42% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹74.48 Cr | 0.42% |
| JM Financial Services Limited | Bond - Corporate Bond | ₹74.19 Cr | 0.42% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹73.27 Cr | 0.41% |
| JM Financial Services Limited | Cash - Commercial Paper | ₹71.57 Cr | 0.40% |
| Mahindra Rural Housing Finance Limited | Bond - Corporate Bond | ₹59.76 Cr | 0.34% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹59.61 Cr | 0.33% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹50.61 Cr | 0.28% |
| Mahindra Rural Housing Finance Limited | Bond - Corporate Bond | ₹50.44 Cr | 0.28% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹50.34 Cr | 0.28% |
| JM Financial Credit Solutions Limited | Bond - Corporate Bond | ₹50.1 Cr | 0.28% |
| Aavas Financiers Limited | Bond - Corporate Bond | ₹50.1 Cr | 0.28% |
| 8.49% Tamilnadu SDL 2026 | Bond - Gov't/Treasury | ₹50.04 Cr | 0.28% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹50.01 Cr | 0.28% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹50 Cr | 0.28% |
| Uno Minda Limited | Bond - Corporate Bond | ₹50 Cr | 0.28% |
| Interest Rate Swaps- Md -06-Feb-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-50 Cr | 0.28% |
| Interest Rate Swaps- Md -08-Mar-2027 (Pay Fixed/Receive Float) | Interest Rate Swap | ₹-50 Cr | 0.28% |
| Canara Bank | Cash - CD/Time Deposit | ₹49.98 Cr | 0.28% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹49.94 Cr | 0.28% |
| Aditya Birla Real Estate Limited | Bond - Corporate Bond | ₹49.93 Cr | 0.28% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹49.9 Cr | 0.28% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹49.9 Cr | 0.28% |
| 360 One Prime Ltd. | Bond - Corporate Bond | ₹49.89 Cr | 0.28% |
| Bahadur Chand Investments Private Limited | Bond - Corporate Bond | ₹49.82 Cr | 0.28% |
| Aadhar Housing Finance Limited | Cash - Commercial Paper | ₹49.75 Cr | 0.28% |
| Indostar Capital Finance Limited | Cash - Commercial Paper | ₹49.46 Cr | 0.28% |
| Canara Bank ** | Cash - CD/Time Deposit | ₹48.87 Cr | 0.27% |
| Corporate Debt Market Development Fund (Class A2) | Mutual Fund - Open End | ₹47.99 Cr | 0.27% |
| Motilal Oswal Finvest Limited | Bond - Corporate Bond | ₹45.34 Cr | 0.25% |
| Oberoi Realty Limited | Bond - Corporate Bond | ₹41.51 Cr | 0.23% |
| Manappuram Finance Limited | Bond - Corporate Bond | ₹38.08 Cr | 0.21% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.34 Cr | 0.14% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.32 Cr | 0.14% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.25 Cr | 0.14% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹25.2 Cr | 0.14% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹25.11 Cr | 0.14% |
| Rec Limited | Bond - Corporate Bond | ₹25.04 Cr | 0.14% |
| Rec Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.14% |
| Rec Limited | Bond - Corporate Bond | ₹25 Cr | 0.14% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.99 Cr | 0.14% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹24.97 Cr | 0.14% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹24.89 Cr | 0.14% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹24.79 Cr | 0.14% |
| Phoenix ARc Private Limited | Bond - Corporate Bond | ₹16.42 Cr | 0.09% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.23 Cr | 0.06% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.22 Cr | 0.06% |
| Rec Limited | Bond - Corporate Bond | ₹10.07 Cr | 0.06% |
| Aadhar Housing Finance Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.06% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹5.05 Cr | 0.03% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹2.5 Cr | 0.01% |
| Kotak Mahindra Investments Limited | Bond - Corporate Bond | ₹1.5 Cr | 0.01% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹1.5 Cr | 0.01% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹7,430.41 Cr | 41.72% |
| Cash - CD/Time Deposit | ₹4,360.52 Cr | 24.49% |
| Cash - General Offset | ₹3,525 Cr | 19.79% |
| Interest Rate Swap | ₹-3,525 Cr | 19.79% |
| Cash - Commercial Paper | ₹2,577.18 Cr | 14.47% |
| Cash - Repurchase Agreement | ₹1,738.94 Cr | 9.76% |
| Bond - Gov't/Treasury | ₹660.28 Cr | 3.71% |
| Bond - Asset Backed | ₹450.29 Cr | 2.53% |
| Bond - Gov't Agency Debt | ₹280.25 Cr | 1.57% |
| Cash | ₹262.28 Cr | 1.47% |
| Mutual Fund - Open End | ₹47.99 Cr | 0.27% |
Risk & Performance Ratios
Standard Deviation
This fund
0.32%
Cat. avg.
0.49%
Lower the better
Sharpe Ratio
This fund
2.78
Cat. avg.
0.51
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.39
Higher the better
Fund Managers
Manish Banthia
Since November 2016
Ritesh Lunawat
Since June 2017
Additional Scheme Detailsas of 31st January 2026
ISIN INF109K01T04 | Expense Ratio 0.39% | Exit Load No Charges | Fund Size ₹17,808 Cr | Age 13 years 1 month | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark NIFTY 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:
Dividend Taxation:
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
About the AMC
ICICI Prudential Mutual Fund
Total AUM
₹11,50,127 Cr
Address
3rd Floor, Hallmark Business Plaza, Mumbai, 400 051
Other Funds by ICICI Prudential Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of ICICI Prudential Ultra Short Term Fund Direct Growth?
The NAV of ICICI Prudential Ultra Short Term Fund Direct Growth, as of 12-Feb-2026, is ₹31.16.
What are the returns of ICICI Prudential Ultra Short Term Fund Direct Growth?
The fund has generated 7.33% over the last 1 year and 7.56% 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 ICICI Prudential Ultra Short Term Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 20.67% in bonds, and 79.06% in cash and cash equivalents.
Who manages the ICICI Prudential Ultra Short Term Fund Direct Growth?
The fund managers responsible for ICICI Prudential Ultra Short Term Fund Direct Growth are:-
- Manish Banthia
- Ritesh Lunawat
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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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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 Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.
