ICICI Prudential Ultra Short Term Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (17-May-24)
₹27.500.02%1D
Returns (Since Inception)
8.08%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹12,586 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 11 years, 4 months and 17 days, having been launched on 01-Jan-13.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹27.50, Assets Under Management (AUM) of 12586.13 Crores, and an expense ratio of 0.39%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹27.50, Assets Under Management (AUM) of 12586.13 Crores, and an expense ratio of 0.39%.
- ICICI Prudential Ultra Short Term Fund Direct Growth has given a CAGR return of 8.08% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 36.09% in debts, and 63.64% 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
+7.59%
+6.12% (Cat Avg.)
3 Years
+6.10%
+5.13% (Cat Avg.)
5 Years
+6.58%
+4.99% (Cat Avg.)
10 Years
+8.39%
+5.56% (Cat Avg.)
Since Inception
+8.08%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Debt | ₹4,542.68 Cr | 36.09% |
| Others | ₹8,043.45 Cr | 63.91% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Treps | Cash - Repurchase Agreement | ₹840.67 Cr | 6.68% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹566.6 Cr | 4.50% |
| India (Republic of) | Bond - Short-term Government Bills | ₹379.43 Cr | 3.01% |
| India (Republic of) | Bond - Short-term Government Bills | ₹377.01 Cr | 3.00% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹340.72 Cr | 2.71% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹334.85 Cr | 2.66% |
| India (Republic of) | Bond - Short-term Government Bills | ₹287.19 Cr | 2.28% |
| Sharekhan Limited | Cash - Commercial Paper | ₹284.25 Cr | 2.26% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹282.65 Cr | 2.25% |
| Embassy Office Parks REIT | Cash - Commercial Paper | ₹247.77 Cr | 1.97% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹247.52 Cr | 1.97% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹236.8 Cr | 1.88% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹235.31 Cr | 1.87% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹223.42 Cr | 1.78% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹212.01 Cr | 1.68% |
| Mahindra Rural Housing Finance Limited | Bond - Corporate Bond | ₹200.14 Cr | 1.59% |
| 182 DTB 25072024 | Bond - Gov't/Treasury | ₹196.8 Cr | 1.56% |
| Motilal Oswal Financial Services Limited | Cash - Commercial Paper | ₹194.88 Cr | 1.55% |
| Small Industries Development Bank Of India** | Cash - Commercial Paper | ₹194.77 Cr | 1.55% |
| Data Infrastructure Trust | Cash - Commercial Paper | ₹194.77 Cr | 1.55% |
| 182 DTB 18102024 | Bond - Gov't/Treasury | ₹193.67 Cr | 1.54% |
| Tata Housing Development Company Limited | Bond - Corporate Bond | ₹190.31 Cr | 1.51% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹189.71 Cr | 1.51% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹189.43 Cr | 1.51% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹188.89 Cr | 1.50% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹178.77 Cr | 1.42% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹178.64 Cr | 1.42% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹173.3 Cr | 1.38% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹170 Cr | 1.35% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹167.39 Cr | 1.33% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹145.92 Cr | 1.16% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹145.86 Cr | 1.16% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹141.93 Cr | 1.13% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹141.92 Cr | 1.13% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹141.89 Cr | 1.13% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹141.11 Cr | 1.12% |
| Dlf Cyber City Developers Ltd | Bond - Corporate Bond | ₹138.99 Cr | 1.10% |
| Tata Capital Housing Finance Limited | Cash - Commercial Paper | ₹124.63 Cr | 0.99% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹109.89 Cr | 0.87% |
| Shriram Transport Finance Company Limited | Bond - Corporate Bond | ₹100.63 Cr | 0.80% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹100.13 Cr | 0.80% |
| Motilal Oswal Finvest Limited | Bond - Corporate Bond | ₹100.06 Cr | 0.80% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹99.79 Cr | 0.79% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹99.66 Cr | 0.79% |
| Bahadur Chand Investments Private Limited | Cash - Commercial Paper | ₹96.72 Cr | 0.77% |
| Nuvama Wealth & Investment Limited | Cash - Commercial Paper | ₹96.68 Cr | 0.77% |
| Phoenix Arc Private Limited | Cash - Commercial Paper | ₹96.56 Cr | 0.77% |
| Nuvama Wealth & Investment Limited | Cash - Commercial Paper | ₹96.3 Cr | 0.77% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹95.82 Cr | 0.76% |
| JM Financial Services Limited | Cash - Commercial Paper | ₹95.25 Cr | 0.76% |
| Nirma Limited | Bond - Corporate Bond | ₹95.06 Cr | 0.76% |
| Phoenix Arc Private Limited | Bond - Corporate Bond | ₹95.05 Cr | 0.76% |
| Embassy Office Parks REIT | Cash - Commercial Paper | ₹94.84 Cr | 0.75% |
| Tata Capital Housing Finance Ltd. | Cash - Commercial Paper | ₹94.54 Cr | 0.75% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹94.49 Cr | 0.75% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹94.26 Cr | 0.75% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹94.07 Cr | 0.75% |
| Bahadur Chand Investments Private Limited | Cash - Commercial Paper | ₹93.35 Cr | 0.74% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹93.15 Cr | 0.74% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹75.49 Cr | 0.60% |
| Tmf Holdings Limited | Bond - Corporate Bond | ₹75.14 Cr | 0.60% |
| Bharti Enterprises Limited | Cash - Commercial Paper | ₹74.55 Cr | 0.59% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹71.14 Cr | 0.57% |
| IGH Holdings Pvt Ltd. | Cash - Commercial Paper | ₹70.63 Cr | 0.56% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹69.8 Cr | 0.55% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹59.98 Cr | 0.48% |
| TATA Motors Finance Limited | Bond - Corporate Bond | ₹50.04 Cr | 0.40% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹50.02 Cr | 0.40% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹49.95 Cr | 0.40% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹49.88 Cr | 0.40% |
| Sembcorp Energy India Limited | Cash - Commercial Paper | ₹49.6 Cr | 0.39% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹49.16 Cr | 0.39% |
| Nuvama Wealth Finance Limited | Cash - Commercial Paper | ₹48.71 Cr | 0.39% |
| Motilal Oswal Finvest Limited | Cash - Commercial Paper | ₹47.97 Cr | 0.38% |
| Igh Holdings Private Limited | Cash - Commercial Paper | ₹47.43 Cr | 0.38% |
| Igh Holdings Private Limited | Cash - Commercial Paper | ₹47.36 Cr | 0.38% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹47.1 Cr | 0.37% |
| PVR INOX Ltd. | Cash - Commercial Paper | ₹47.06 Cr | 0.37% |
| Infina Finance Pvt Ltd. | Cash - Commercial Paper | ₹46.99 Cr | 0.37% |
| PVR INOX Ltd. | Cash - Commercial Paper | ₹46.25 Cr | 0.37% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹34.86 Cr | 0.28% |
| Corporate Debt Market Development Fund (Class A2) | Mutual Fund - Open End | ₹33.45 Cr | 0.27% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹30.11 Cr | 0.24% |
| Aspire Home Finance Corporation Limited | Bond - Corporate Bond | ₹25.85 Cr | 0.21% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.20% |
| Rec Limited | Bond - Corporate Bond | ₹25.01 Cr | 0.20% |
| Rec Limited | Bond - Corporate Bond | ₹24.94 Cr | 0.20% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹24.85 Cr | 0.20% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹24.8 Cr | 0.20% |
| G R Infraprojects Limited | Bond - Corporate Bond | ₹24.72 Cr | 0.20% |
| Indusind Bank Ltd. | Bond - Corporate Bond | ₹23.54 Cr | 0.19% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹20.39 Cr | 0.16% |
| Net Current Assets | Cash | ₹13.12 Cr | 0.10% |
| Rec Limited | Bond - Corporate Bond | ₹9.98 Cr | 0.08% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.04% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹5.02 Cr | 0.04% |
| 182 DTB 30052024 | Bond - Gov't/Treasury | ₹4.97 Cr | 0.04% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹4,020.72 Cr | 31.95% |
| Cash - CD/Time Deposit | ₹3,305.42 Cr | 26.26% |
| Cash - Commercial Paper | ₹2,649.88 Cr | 21.05% |
| Bond - Short-term Government Bills | ₹1,043.62 Cr | 8.29% |
| Cash - Repurchase Agreement | ₹840.67 Cr | 6.68% |
| Bond - Gov't/Treasury | ₹395.44 Cr | 3.14% |
| Bond - Gov't Agency Debt | ₹283.81 Cr | 2.25% |
| Mutual Fund - Open End | ₹33.45 Cr | 0.27% |
| Cash | ₹13.12 Cr | 0.10% |
Risk & Performance Ratios
Standard Deviation
This fund
0.49%
Cat. avg.
0.73%
Lower the better
Sharpe Ratio
This fund
1.99
Cat. avg.
-0.83
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.13
Higher the better
Fund Managers
Manish Banthia
Since November 2016
Ritesh Lunawat
Since June 2017
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF109K01T04 | Expense Ratio | 0.39% | Exit Load | No Charges | Fund Size | ₹12,586 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹5,000 | 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
Withdrawal (irrespective of holding period)
Realised Gain (capital gains) are taxed at your marginal income tax rate
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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  |
|---|---|---|---|---|
| PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹240.88 Cr | 6.6% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹525.85 Cr | 6.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1259.19 Cr | 7.3% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1259.19 Cr | 7.5% |
| LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹284.82 Cr | 6.9% |
| LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹284.82 Cr | 6.3% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 1.0% | 0.0% | ₹2349.32 Cr | 6.9% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹5653.60 Cr | 6.9% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹220.10 Cr | 7.1% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹220.10 Cr | 7.5% |
About the AMC
Total AUM
₹7,40,943 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
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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 17-May-2024, is ₹27.50.
What are the returns of ICICI Prudential Ultra Short Term Fund Direct Growth?
The fund has generated 7.59% over the last 1 year and 6.10% 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, 36.09% in bonds, and 63.64% 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
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.