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Nippon India Ultra Short Duration Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (25-Nov-25)
₹4565.280.02%1D
Returns (Since Inception)
7.23%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹12,641 Cr
Expense Ratio
0.38%
ISIN
INF204K01YH3
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Nippon India Ultra Short Duration Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 12 years, 10 months and 25 days, having been launched on 01-Jan-13.
As of 25-Nov-25, it has a Net Asset Value (NAV) of ₹4565.28, Assets Under Management (AUM) of 12640.79 Crores, and an expense ratio of 0.38%.
As of 25-Nov-25, it has a Net Asset Value (NAV) of ₹4565.28, Assets Under Management (AUM) of 12640.79 Crores, and an expense ratio of 0.38%.
- Nippon India Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.23% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 55.33% in debts, and 44.47% in cash & cash equivalents.
- You can start investing in Nippon India Ultra Short Duration Fund Direct 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
+7.71%
+6.84% (Cat Avg.)
3 Years
+7.75%
+6.86% (Cat Avg.)
5 Years
+7.42%
+5.68% (Cat Avg.)
10 Years
+6.75%
+5.59% (Cat Avg.)
Since Inception
+7.23%
— (Cat Avg.)
Portfolio Summaryas of 15th November 2025
| Debt | ₹6,993.86 Cr | 55.33% |
| Others | ₹5,646.92 Cr | 44.67% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹486.61 Cr | 3.64% |
| Triparty Repo | Cash - Repurchase Agreement | ₹467.24 Cr | 3.50% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹294.27 Cr | 2.20% |
| Net Current Assets | Cash | ₹289.05 Cr | 2.16% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹251.14 Cr | 1.88% |
| JSW Energy Limited | Bond - Corporate Bond | ₹250.66 Cr | 1.88% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹250.55 Cr | 1.87% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹246.68 Cr | 1.85% |
| Vedanta Limited | Bond - Corporate Bond | ₹241.17 Cr | 1.80% |
| Au Small Finance Bank Limited** | Cash | ₹236.57 Cr | 1.77% |
| Axis Bank Limited** | Cash | ₹236.1 Cr | 1.77% |
| Indian Bank** | Cash | ₹235.73 Cr | 1.76% |
| TATA Communications Limited | Bond - Corporate Bond | ₹226.57 Cr | 1.70% |
| Aadhar Housing Finance Limited | Bond - Corporate Bond | ₹201.51 Cr | 1.51% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹201.15 Cr | 1.50% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹201.01 Cr | 1.50% |
| 364 DTB 27112025 | Bond - Gov't/Treasury | ₹199.68 Cr | 1.49% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹197.26 Cr | 1.48% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹196.51 Cr | 1.47% |
| 364 Days Tbill Red 28-05-2026 | Bond - Gov't/Treasury | ₹195.69 Cr | 1.46% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹194.78 Cr | 1.46% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹191.06 Cr | 1.43% |
| Samvardhana Motherson International Limited | Bond - Corporate Bond | ₹190.42 Cr | 1.42% |
| Rec Limited | Bond - Corporate Bond | ₹184.93 Cr | 1.38% |
| Interise TRust | Bond - Corporate Bond | ₹182.83 Cr | 1.37% |
| Piramal Finance Limited | Bond - Corporate Bond | ₹181.34 Cr | 1.36% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹174.12 Cr | 1.30% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹171.46 Cr | 1.28% |
| India (Republic of) | Bond - Short-term Government Bills | ₹163.72 Cr | 1.22% |
| Nirma Limited | Bond - Corporate Bond | ₹151.78 Cr | 1.14% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹150.49 Cr | 1.13% |
| India (Republic of) | Bond - Short-term Government Bills | ₹149.74 Cr | 1.12% |
| LIQUID GOLD SERIES 10 | Bond - Asset Backed | ₹148.77 Cr | 1.11% |
| Canara Bank | Cash - CD/Time Deposit | ₹147.38 Cr | 1.10% |
| Credila Financial Services Limited | Bond - Corporate Bond | ₹145.39 Cr | 1.09% |
| Rec Limited | Bond - Corporate Bond | ₹144.85 Cr | 1.08% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹139.71 Cr | 1.05% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹125.72 Cr | 0.94% |
| Rec Limited | Bond - Corporate Bond | ₹125.71 Cr | 0.94% |
| India (Republic of) | Bond - Short-term Government Bills | ₹122.87 Cr | 0.92% |
| Piramal Finance Limited | Bond - Corporate Bond | ₹121.06 Cr | 0.91% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹120.76 Cr | 0.90% |
| Indigrid Infrastructure Trust | Bond - Corporate Bond | ₹114.95 Cr | 0.86% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹103.24 Cr | 0.77% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹100.58 Cr | 0.75% |
| National Housing Bank | Bond - Corporate Bond | ₹100.42 Cr | 0.75% |
| Nirma Limited | Bond - Corporate Bond | ₹100.33 Cr | 0.75% |
| SK Finance Limited | Bond - Corporate Bond | ₹100.32 Cr | 0.75% |
| Aditya Birla Real Estate Limited | Bond - Corporate Bond | ₹100.25 Cr | 0.75% |
| Nuvama Wealth Finance Limited | Bond - Corporate Bond | ₹100.2 Cr | 0.75% |
| Piramal Finance Limited | Bond - Corporate Bond | ₹100.07 Cr | 0.75% |
| 91 Days Tbill | Bond - Gov't/Treasury | ₹99.54 Cr | 0.74% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹99.53 Cr | 0.74% |
| Canara Bank | Cash - CD/Time Deposit | ₹99.37 Cr | 0.74% |
| TATA Projects Limited | Cash - Commercial Paper | ₹98.76 Cr | 0.74% |
| Bank Of Baroda** | Cash - CD/Time Deposit | ₹98.4 Cr | 0.74% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹98.37 Cr | 0.74% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹98.22 Cr | 0.73% |
| Muthoot Fincorp Limited | Cash - Commercial Paper | ₹97.59 Cr | 0.73% |
| Nuvama Wealth Finance Limited | Bond - Corporate Bond | ₹96.1 Cr | 0.72% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹95.55 Cr | 0.71% |
| Small Industries Dev Bank Of India** | Cash | ₹94.23 Cr | 0.70% |
| Bank Of Baroda** | Cash | ₹94.13 Cr | 0.70% |
| Hdfc Bank Limited** | Cash | ₹94.1 Cr | 0.70% |
| Muthoot Fincorp Limited | Cash - Commercial Paper | ₹92.21 Cr | 0.69% |
| Rec Limited | Bond - Corporate Bond | ₹90.55 Cr | 0.68% |
| Nuvama Wealth And Investment Limited | Bond - Corporate Bond | ₹80.62 Cr | 0.60% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹76.03 Cr | 0.57% |
| TRuhome Finance Limited | Bond - Corporate Bond | ₹75.29 Cr | 0.56% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹75.2 Cr | 0.56% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹73.69 Cr | 0.55% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹73.45 Cr | 0.55% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹73.01 Cr | 0.55% |
| Adani TRansmission Step-Two Limited | Bond - Corporate Bond | ₹72.77 Cr | 0.54% |
| Adani TRansmission Step-Two Limited | Bond - Corporate Bond | ₹71.74 Cr | 0.54% |
| Adani TRansmission Step-Two Limited | Bond - Corporate Bond | ₹69.49 Cr | 0.52% |
| LIQUID GOLD SERIES 8 DEC 2024 | Bond - Asset Backed | ₹60.58 Cr | 0.45% |
| 06.90 OIL SPL 2026 | Bond - Gov't Agency Debt | ₹50.7 Cr | 0.38% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹50.1 Cr | 0.37% |
| Can Fin Homes Limited | Bond - Corporate Bond | ₹50.02 Cr | 0.37% |
| Nuvoco Vistas Corporation Limited | Cash - Commercial Paper | ₹49.99 Cr | 0.37% |
| Rec Limited | Bond - Corporate Bond | ₹49.97 Cr | 0.37% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹49.91 Cr | 0.37% |
| Vastu Finserve India Private Limited | Bond - Corporate Bond | ₹49.59 Cr | 0.37% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹49.45 Cr | 0.37% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹49.41 Cr | 0.37% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.34 Cr | 0.37% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹49.1 Cr | 0.37% |
| Manappuram Finance Limited | Cash - Commercial Paper | ₹47.99 Cr | 0.36% |
| INDIA UNIVERSAL TRUST AL2 | Bond - Asset Backed | ₹45.48 Cr | 0.34% |
| IIFL Home Finance Limited | Bond - Corporate Bond | ₹45.35 Cr | 0.34% |
| Treasury Bills | Bond - Gov't/Treasury | ₹44.65 Cr | 0.33% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹40.6 Cr | 0.30% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹40.09 Cr | 0.30% |
| Bahadur Chand Investments Private Limited | Bond - Corporate Bond | ₹37.76 Cr | 0.28% |
| 08.19 RJ UDAY 2026 | Bond - Gov't Agency Debt | ₹35.46 Cr | 0.27% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹35.45 Cr | 0.27% |
| Indigrid Infrastructure Trust | Bond - Corporate Bond | ₹35.06 Cr | 0.26% |
| Vedanta Limited | Bond - Corporate Bond | ₹33.71 Cr | 0.25% |
| Indigrid Infrastructure Trust | Bond - Corporate Bond | ₹31.29 Cr | 0.23% |
| Telangana State Industrial Infrastructure Corporation Limited | Bond - Corporate Bond | ₹30.49 Cr | 0.23% |
| Telangana State Industrial Infrastructure Corporation Limited | Bond - Corporate Bond | ₹30.35 Cr | 0.23% |
| Export-Import Bank Of India | Cash - CD/Time Deposit | ₹29.48 Cr | 0.22% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹27.13 Cr | 0.20% |
| INDIA UNIVERSAL TRUST AL1 | Bond - Asset Backed | ₹26.42 Cr | 0.20% |
| Can Fin Homes Limited | Bond - Corporate Bond | ₹25.26 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.18 Cr | 0.19% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.15 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.07 Cr | 0.19% |
| Housing And Urban Development Corporation Limited | Bond - Corporate Bond | ₹25.06 Cr | 0.19% |
| TRuhome Finance Limited | Bond - Corporate Bond | ₹25.04 Cr | 0.19% |
| Bahadur Chand Investments Private Limited | Bond - Corporate Bond | ₹25.03 Cr | 0.19% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.19% |
| Rec Limited | Bond - Corporate Bond | ₹25.01 Cr | 0.19% |
| Vastu Finserve India Private Limited | Bond - Corporate Bond | ₹24.92 Cr | 0.19% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.76 Cr | 0.19% |
| Canara Bank | Cash - CD/Time Deposit | ₹24.73 Cr | 0.19% |
| Vertis Infrastructure Trust | Bond - Corporate Bond | ₹24.28 Cr | 0.18% |
| 08.31 Ts SDL 2026 | Bond - Gov't/Treasury | ₹20.08 Cr | 0.15% |
| 08.39 RJ UDAY 2026 | Bond - Gov't Agency Debt | ₹18.15 Cr | 0.14% |
| 08.21 HR UDAY 2026 | Bond - Gov't Agency Debt | ₹17.64 Cr | 0.13% |
| 08.72 AP Sdl 2026 | Bond - Gov't/Treasury | ₹17.14 Cr | 0.13% |
| 08.18 HR UDAY 2026 | Bond - Gov't Agency Debt | ₹15.19 Cr | 0.11% |
| 08.53 Up SDL 2026 | Bond - Gov't/Treasury | ₹15.09 Cr | 0.11% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹15.02 Cr | 0.11% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹14.94 Cr | 0.11% |
| SK Finance Limited | Bond - Corporate Bond | ₹13.54 Cr | 0.10% |
| 08.21 UP UDAY 2026 | Bond - Gov't Agency Debt | ₹10.09 Cr | 0.08% |
| SANSAR TRUST SEP 2023 IX | Bond - Asset Backed | ₹6.94 Cr | 0.05% |
| ICICI Home Finance Company Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.04% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.04% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹1.44 Cr | 0.01% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹1 Cr | 0.01% |
| INDIGO 023 | Bond - Asset Backed | ₹0.95 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (18/02/2027) (Fv 5000 Lacs) | Interest Rate Swap | ₹-0.73 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (18/02/2027) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.72 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (01/12/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.62 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (26/03/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.32 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (15/06/2027) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.19 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (06/03/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.16 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (27/02/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.16 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (18/02/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.15 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (13/03/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.15 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (30/04/2027) (Fv 12500 Lacs) | Interest Rate Swap | ₹-0.14 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (14/07/2027) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.09 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (26/03/2026) (Fv 20000 Lacs) | Interest Rate Swap | ₹0.05 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (22/09/2027) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.04 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (28/11/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹7,209.97 Cr | 53.94% |
| Cash - CD/Time Deposit | ₹1,869.92 Cr | 13.99% |
| Cash | ₹1,279.9 Cr | 9.58% |
| Bond - Gov't/Treasury | ₹1,008.25 Cr | 7.54% |
| Cash - Commercial Paper | ₹632.48 Cr | 4.73% |
| Cash - Repurchase Agreement | ₹468.68 Cr | 3.51% |
| Bond - Short-term Government Bills | ₹436.32 Cr | 3.26% |
| Bond - Asset Backed | ₹289.12 Cr | 2.16% |
| Bond - Gov't Agency Debt | ₹147.23 Cr | 1.10% |
| Mutual Fund - Open End | ₹27.13 Cr | 0.20% |
| Interest Rate Swap | ₹-3.32 Cr | 0.03% |
Risk & Performance Ratios
Standard Deviation
This fund
0.24%
Cat. avg.
0.44%
Lower the better
Sharpe Ratio
This fund
4.02
Cat. avg.
0.72
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
8.92
Higher the better
Fund Managers
Vivek Sharma
Since October 2013
KD
Kinjal Desai
Since May 2018
AS
Akshay Sharma
Since December 2022
LM
Lokesh Maru
Since September 2025
DS
Divya Sharma
Since September 2025
Additional Scheme Detailsas of 15th November 2025
ISIN INF204K01YH3 | Expense Ratio 0.38% | Exit Load No Charges | Fund Size ₹12,641 Cr | Age 12 years 10 months | Lumpsum Minimum ₹100 | 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
Nippon India Mutual Fund
Total AUM
₹6,70,632 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India 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 Nippon India Ultra Short Duration Fund Direct Growth?
The NAV of Nippon India Ultra Short Duration Fund Direct Growth, as of 25-Nov-2025, is ₹4565.28.
What are the returns of Nippon India Ultra Short Duration Fund Direct Growth?
The fund has generated 7.71% over the last 1 year and 7.75% 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 Nippon India Ultra Short Duration Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 55.33% in bonds, and 44.47% in cash and cash equivalents.
Who manages the Nippon India Ultra Short Duration Fund Direct Growth?
The fund managers responsible for Nippon India Ultra Short Duration Fund Direct Growth are:-
- Vivek Sharma
- Kinjal Desai
- Akshay Sharma
- Lokesh Maru
- Divya Sharma
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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.
Nippon India Ultra Short Duration Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (25-Nov-25)
₹4565.280.02%1D
Returns (Since Inception)
7.23%
Rated ★4.3+ on
Fund Overview
Fund Size
₹12,641 Cr
Expense Ratio
0.38%
ISIN
INF204K01YH3
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
Risk Level
Your principal amount will be at Moderate Risk
About this fund
Nippon India Ultra Short Duration Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 12 years, 10 months and 25 days, having been launched on 01-Jan-13.
As of 25-Nov-25, it has a Net Asset Value (NAV) of ₹4565.28, Assets Under Management (AUM) of 12640.79 Crores, and an expense ratio of 0.38%.
As of 25-Nov-25, it has a Net Asset Value (NAV) of ₹4565.28, Assets Under Management (AUM) of 12640.79 Crores, and an expense ratio of 0.38%.
- Nippon India Ultra Short Duration Fund Direct Growth has given a CAGR return of 7.23% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 55.33% in debts, and 44.47% in cash & cash equivalents.
- You can start investing in Nippon India Ultra Short Duration Fund Direct 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
+7.71%
+6.84% (Cat Avg.)
3 Years
+7.75%
+6.86% (Cat Avg.)
5 Years
+7.42%
+5.68% (Cat Avg.)
10 Years
+6.75%
+5.59% (Cat Avg.)
Since Inception
+7.23%
— (Cat Avg.)
Portfolio Summaryas of 15th November 2025
| Debt | ₹6,993.86 Cr | 55.33% |
| Others | ₹5,646.92 Cr | 44.67% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹486.61 Cr | 3.64% |
| Triparty Repo | Cash - Repurchase Agreement | ₹467.24 Cr | 3.50% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹294.27 Cr | 2.20% |
| Net Current Assets | Cash | ₹289.05 Cr | 2.16% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹251.14 Cr | 1.88% |
| JSW Energy Limited | Bond - Corporate Bond | ₹250.66 Cr | 1.88% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹250.55 Cr | 1.87% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹246.68 Cr | 1.85% |
| Vedanta Limited | Bond - Corporate Bond | ₹241.17 Cr | 1.80% |
| Au Small Finance Bank Limited** | Cash | ₹236.57 Cr | 1.77% |
| Axis Bank Limited** | Cash | ₹236.1 Cr | 1.77% |
| Indian Bank** | Cash | ₹235.73 Cr | 1.76% |
| TATA Communications Limited | Bond - Corporate Bond | ₹226.57 Cr | 1.70% |
| Aadhar Housing Finance Limited | Bond - Corporate Bond | ₹201.51 Cr | 1.51% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹201.15 Cr | 1.50% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹201.01 Cr | 1.50% |
| 364 DTB 27112025 | Bond - Gov't/Treasury | ₹199.68 Cr | 1.49% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹197.26 Cr | 1.48% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹196.51 Cr | 1.47% |
| 364 Days Tbill Red 28-05-2026 | Bond - Gov't/Treasury | ₹195.69 Cr | 1.46% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹194.78 Cr | 1.46% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹191.06 Cr | 1.43% |
| Samvardhana Motherson International Limited | Bond - Corporate Bond | ₹190.42 Cr | 1.42% |
| Rec Limited | Bond - Corporate Bond | ₹184.93 Cr | 1.38% |
| Interise TRust | Bond - Corporate Bond | ₹182.83 Cr | 1.37% |
| Piramal Finance Limited | Bond - Corporate Bond | ₹181.34 Cr | 1.36% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹174.12 Cr | 1.30% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹171.46 Cr | 1.28% |
| India (Republic of) | Bond - Short-term Government Bills | ₹163.72 Cr | 1.22% |
| Nirma Limited | Bond - Corporate Bond | ₹151.78 Cr | 1.14% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹150.49 Cr | 1.13% |
| India (Republic of) | Bond - Short-term Government Bills | ₹149.74 Cr | 1.12% |
| LIQUID GOLD SERIES 10 | Bond - Asset Backed | ₹148.77 Cr | 1.11% |
| Canara Bank | Cash - CD/Time Deposit | ₹147.38 Cr | 1.10% |
| Credila Financial Services Limited | Bond - Corporate Bond | ₹145.39 Cr | 1.09% |
| Rec Limited | Bond - Corporate Bond | ₹144.85 Cr | 1.08% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹139.71 Cr | 1.05% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹125.72 Cr | 0.94% |
| Rec Limited | Bond - Corporate Bond | ₹125.71 Cr | 0.94% |
| India (Republic of) | Bond - Short-term Government Bills | ₹122.87 Cr | 0.92% |
| Piramal Finance Limited | Bond - Corporate Bond | ₹121.06 Cr | 0.91% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹120.76 Cr | 0.90% |
| Indigrid Infrastructure Trust | Bond - Corporate Bond | ₹114.95 Cr | 0.86% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹103.24 Cr | 0.77% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹100.58 Cr | 0.75% |
| National Housing Bank | Bond - Corporate Bond | ₹100.42 Cr | 0.75% |
| Nirma Limited | Bond - Corporate Bond | ₹100.33 Cr | 0.75% |
| SK Finance Limited | Bond - Corporate Bond | ₹100.32 Cr | 0.75% |
| Aditya Birla Real Estate Limited | Bond - Corporate Bond | ₹100.25 Cr | 0.75% |
| Nuvama Wealth Finance Limited | Bond - Corporate Bond | ₹100.2 Cr | 0.75% |
| Piramal Finance Limited | Bond - Corporate Bond | ₹100.07 Cr | 0.75% |
| 91 Days Tbill | Bond - Gov't/Treasury | ₹99.54 Cr | 0.74% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹99.53 Cr | 0.74% |
| Canara Bank | Cash - CD/Time Deposit | ₹99.37 Cr | 0.74% |
| TATA Projects Limited | Cash - Commercial Paper | ₹98.76 Cr | 0.74% |
| Bank Of Baroda** | Cash - CD/Time Deposit | ₹98.4 Cr | 0.74% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹98.37 Cr | 0.74% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹98.22 Cr | 0.73% |
| Muthoot Fincorp Limited | Cash - Commercial Paper | ₹97.59 Cr | 0.73% |
| Nuvama Wealth Finance Limited | Bond - Corporate Bond | ₹96.1 Cr | 0.72% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹95.55 Cr | 0.71% |
| Small Industries Dev Bank Of India** | Cash | ₹94.23 Cr | 0.70% |
| Bank Of Baroda** | Cash | ₹94.13 Cr | 0.70% |
| Hdfc Bank Limited** | Cash | ₹94.1 Cr | 0.70% |
| Muthoot Fincorp Limited | Cash - Commercial Paper | ₹92.21 Cr | 0.69% |
| Rec Limited | Bond - Corporate Bond | ₹90.55 Cr | 0.68% |
| Nuvama Wealth And Investment Limited | Bond - Corporate Bond | ₹80.62 Cr | 0.60% |
| Summit Digitel Infrastructure Limited | Bond - Corporate Bond | ₹76.03 Cr | 0.57% |
| TRuhome Finance Limited | Bond - Corporate Bond | ₹75.29 Cr | 0.56% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹75.2 Cr | 0.56% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹73.69 Cr | 0.55% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹73.45 Cr | 0.55% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹73.01 Cr | 0.55% |
| Adani TRansmission Step-Two Limited | Bond - Corporate Bond | ₹72.77 Cr | 0.54% |
| Adani TRansmission Step-Two Limited | Bond - Corporate Bond | ₹71.74 Cr | 0.54% |
| Adani TRansmission Step-Two Limited | Bond - Corporate Bond | ₹69.49 Cr | 0.52% |
| LIQUID GOLD SERIES 8 DEC 2024 | Bond - Asset Backed | ₹60.58 Cr | 0.45% |
| 06.90 OIL SPL 2026 | Bond - Gov't Agency Debt | ₹50.7 Cr | 0.38% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹50.1 Cr | 0.37% |
| Can Fin Homes Limited | Bond - Corporate Bond | ₹50.02 Cr | 0.37% |
| Nuvoco Vistas Corporation Limited | Cash - Commercial Paper | ₹49.99 Cr | 0.37% |
| Rec Limited | Bond - Corporate Bond | ₹49.97 Cr | 0.37% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹49.91 Cr | 0.37% |
| Vastu Finserve India Private Limited | Bond - Corporate Bond | ₹49.59 Cr | 0.37% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹49.45 Cr | 0.37% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹49.41 Cr | 0.37% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.34 Cr | 0.37% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹49.1 Cr | 0.37% |
| Manappuram Finance Limited | Cash - Commercial Paper | ₹47.99 Cr | 0.36% |
| INDIA UNIVERSAL TRUST AL2 | Bond - Asset Backed | ₹45.48 Cr | 0.34% |
| IIFL Home Finance Limited | Bond - Corporate Bond | ₹45.35 Cr | 0.34% |
| Treasury Bills | Bond - Gov't/Treasury | ₹44.65 Cr | 0.33% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹40.6 Cr | 0.30% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹40.09 Cr | 0.30% |
| Bahadur Chand Investments Private Limited | Bond - Corporate Bond | ₹37.76 Cr | 0.28% |
| 08.19 RJ UDAY 2026 | Bond - Gov't Agency Debt | ₹35.46 Cr | 0.27% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹35.45 Cr | 0.27% |
| Indigrid Infrastructure Trust | Bond - Corporate Bond | ₹35.06 Cr | 0.26% |
| Vedanta Limited | Bond - Corporate Bond | ₹33.71 Cr | 0.25% |
| Indigrid Infrastructure Trust | Bond - Corporate Bond | ₹31.29 Cr | 0.23% |
| Telangana State Industrial Infrastructure Corporation Limited | Bond - Corporate Bond | ₹30.49 Cr | 0.23% |
| Telangana State Industrial Infrastructure Corporation Limited | Bond - Corporate Bond | ₹30.35 Cr | 0.23% |
| Export-Import Bank Of India | Cash - CD/Time Deposit | ₹29.48 Cr | 0.22% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹27.13 Cr | 0.20% |
| INDIA UNIVERSAL TRUST AL1 | Bond - Asset Backed | ₹26.42 Cr | 0.20% |
| Can Fin Homes Limited | Bond - Corporate Bond | ₹25.26 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.18 Cr | 0.19% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.15 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.07 Cr | 0.19% |
| Housing And Urban Development Corporation Limited | Bond - Corporate Bond | ₹25.06 Cr | 0.19% |
| TRuhome Finance Limited | Bond - Corporate Bond | ₹25.04 Cr | 0.19% |
| Bahadur Chand Investments Private Limited | Bond - Corporate Bond | ₹25.03 Cr | 0.19% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.19% |
| Rec Limited | Bond - Corporate Bond | ₹25.01 Cr | 0.19% |
| Vastu Finserve India Private Limited | Bond - Corporate Bond | ₹24.92 Cr | 0.19% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.76 Cr | 0.19% |
| Canara Bank | Cash - CD/Time Deposit | ₹24.73 Cr | 0.19% |
| Vertis Infrastructure Trust | Bond - Corporate Bond | ₹24.28 Cr | 0.18% |
| 08.31 Ts SDL 2026 | Bond - Gov't/Treasury | ₹20.08 Cr | 0.15% |
| 08.39 RJ UDAY 2026 | Bond - Gov't Agency Debt | ₹18.15 Cr | 0.14% |
| 08.21 HR UDAY 2026 | Bond - Gov't Agency Debt | ₹17.64 Cr | 0.13% |
| 08.72 AP Sdl 2026 | Bond - Gov't/Treasury | ₹17.14 Cr | 0.13% |
| 08.18 HR UDAY 2026 | Bond - Gov't Agency Debt | ₹15.19 Cr | 0.11% |
| 08.53 Up SDL 2026 | Bond - Gov't/Treasury | ₹15.09 Cr | 0.11% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹15.02 Cr | 0.11% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹14.94 Cr | 0.11% |
| SK Finance Limited | Bond - Corporate Bond | ₹13.54 Cr | 0.10% |
| 08.21 UP UDAY 2026 | Bond - Gov't Agency Debt | ₹10.09 Cr | 0.08% |
| SANSAR TRUST SEP 2023 IX | Bond - Asset Backed | ₹6.94 Cr | 0.05% |
| ICICI Home Finance Company Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.04% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.04% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹1.44 Cr | 0.01% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹1 Cr | 0.01% |
| INDIGO 023 | Bond - Asset Backed | ₹0.95 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (18/02/2027) (Fv 5000 Lacs) | Interest Rate Swap | ₹-0.73 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (18/02/2027) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.72 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating (01/12/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.62 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (26/03/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.32 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (15/06/2027) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.19 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (06/03/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.16 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (27/02/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.16 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (18/02/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.15 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (13/03/2026) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.15 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (30/04/2027) (Fv 12500 Lacs) | Interest Rate Swap | ₹-0.14 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (14/07/2027) (Fv 10000 Lacs) | Interest Rate Swap | ₹-0.09 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (26/03/2026) (Fv 20000 Lacs) | Interest Rate Swap | ₹0.05 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (22/09/2027) (Fv 10000 Lacs) | Interest Rate Swap | ₹0.04 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating (28/11/2025) (Fv 10000 Lacs) | Interest Rate Swap | ₹0 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹7,209.97 Cr | 53.94% |
| Cash - CD/Time Deposit | ₹1,869.92 Cr | 13.99% |
| Cash | ₹1,279.9 Cr | 9.58% |
| Bond - Gov't/Treasury | ₹1,008.25 Cr | 7.54% |
| Cash - Commercial Paper | ₹632.48 Cr | 4.73% |
| Cash - Repurchase Agreement | ₹468.68 Cr | 3.51% |
| Bond - Short-term Government Bills | ₹436.32 Cr | 3.26% |
| Bond - Asset Backed | ₹289.12 Cr | 2.16% |
| Bond - Gov't Agency Debt | ₹147.23 Cr | 1.10% |
| Mutual Fund - Open End | ₹27.13 Cr | 0.20% |
| Interest Rate Swap | ₹-3.32 Cr | 0.03% |
Risk & Performance Ratios
Standard Deviation
This fund
0.24%
Cat. avg.
0.44%
Lower the better
Sharpe Ratio
This fund
4.02
Cat. avg.
0.72
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
8.92
Higher the better
Fund Managers
Vivek Sharma
Since October 2013
KD
Kinjal Desai
Since May 2018
AS
Akshay Sharma
Since December 2022
LM
Lokesh Maru
Since September 2025
DS
Divya Sharma
Since September 2025
Additional Scheme Detailsas of 15th November 2025
ISIN INF204K01YH3 | Expense Ratio 0.38% | Exit Load No Charges | Fund Size ₹12,641 Cr | Age 12 years 10 months | Lumpsum Minimum ₹100 | 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
Nippon India Mutual Fund
Total AUM
₹6,70,632 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
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Still got questions?
We're here to help.
What is the current NAV of Nippon India Ultra Short Duration Fund Direct Growth?
The NAV of Nippon India Ultra Short Duration Fund Direct Growth, as of 25-Nov-2025, is ₹4565.28.
What are the returns of Nippon India Ultra Short Duration Fund Direct Growth?
The fund has generated 7.71% over the last 1 year and 7.75% 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 Nippon India Ultra Short Duration Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 55.33% in bonds, and 44.47% in cash and cash equivalents.
Who manages the Nippon India Ultra Short Duration Fund Direct Growth?
The fund managers responsible for Nippon India Ultra Short Duration Fund Direct Growth are:-
- Vivek Sharma
- Kinjal Desai
- Akshay Sharma
- Lokesh Maru
- Divya Sharma
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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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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.
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