Tata Ultra Short Term Fund Direct Growth

Fund Overview

Fund Size

₹5,454 Cr

Expense Ratio

0.25%

ISIN

INF277K011T0

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

23 Jan 2019

About this fund

Tata Ultra Short Term Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by Tata Mutual Fund. This fund has been in existence for 7 years, 4 months and 25 days, having been launched on 23-Jan-19.
As of 16-Jun-26, it has a Net Asset Value (NAV) of ₹15.86, Assets Under Management (AUM) of 5454.00 Crores, and an expense ratio of 0.25%.

Tata Ultra Short Term Fund Direct Growth has given a CAGR return of 6.44% since inception.
The fund's asset allocation comprises around 0.00% in equities, 48.20% in debts, and 51.57% in cash & cash equivalents.
You can start investing in Tata 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

+6.72%

+5.52% (Cat Avg.)

3 Years

+7.47%

+6.57% (Cat Avg.)

5 Years

+6.59%

+5.89% (Cat Avg.)

Since Inception

+6.44%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2026

Debt	₹2,628.66 Cr	48.20%
Others	₹2,825.34 Cr	51.80%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
India (Republic of)	Bond - Short-term Government Bills	₹299.57 Cr	5.49%
Indian Bank	Cash - CD/Time Deposit	₹288.67 Cr	5.29%
Axis Bank Limited	Cash - CD/Time Deposit	₹244.82 Cr	4.49%
The Jammu And Kashmir Bank Limited	Bond - Corporate Bond	₹244.16 Cr	4.48%
Karur Vysya Bank Ltd.	Bond - Corporate Bond	₹240.82 Cr	4.42%
Net Current Liabilities	Cash - Collateral	₹-235.73 Cr	4.32%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹224.64 Cr	4.12%
Bank Of Baroda	Cash - CD/Time Deposit	₹217.81 Cr	3.99%
Ujjivan Small Finance Bank Limited	Bond - Corporate Bond	₹210.21 Cr	3.85%
Tbill	Bond - Gov't/Treasury	₹209.7 Cr	3.84%
Tata Capital Housing Finance Limited	Bond - Corporate Bond	₹200.09 Cr	3.67%
Yes Bank Limited	Cash - CD/Time Deposit	₹188.47 Cr	3.46%
Equitas Small Finance Bank Limited	Cash - CD/Time Deposit	₹187.1 Cr	3.43%
(D) Treps	Cash - Repurchase Agreement	₹174 Cr	3.19%
Punjab National Bank Red	Cash - CD/Time Deposit	₹171.28 Cr	3.14%
Au Small Finance Bank Limited	Cash - CD/Time Deposit	₹169.05 Cr	3.10%
E) Repo	Cash - Repurchase Agreement	₹157.95 Cr	2.90%
Adani Power Limited	Bond - Corporate Bond	₹148.54 Cr	2.72%
Bank of Baroda	Bond - Corporate Bond	₹146.78 Cr	2.69%
IIFL Finance Ltd.	Cash - Commercial Paper	₹146.06 Cr	2.68%
Bank Of Baroda	Cash - CD/Time Deposit	₹144.61 Cr	2.65%
LIQUID GOLD SERIES 18	Bond - Asset Backed	₹141.73 Cr	2.60%
ICICI Home Finance Company Limited	Bond - Corporate Bond	₹124.9 Cr	2.29%
09/07/2026 Maturing 182 DTB	Bond - Gov't/Treasury	₹109.39 Cr	2.01%
Piramal Finance Limited	Bond - Corporate Bond	₹100.23 Cr	1.84%
360 One Prime Limited	Bond - Corporate Bond	₹100.01 Cr	1.83%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹99.86 Cr	1.83%
Indostar Capital Finance Limited	Bond - Corporate Bond	₹99.76 Cr	1.83%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹94.82 Cr	1.74%
Muthoot Fincorp Limited	Cash - Commercial Paper	₹93.95 Cr	1.72%
Credila Financial Services Limited	Bond - Corporate Bond	₹74.76 Cr	1.37%
360 One Prime Limited	Bond - Corporate Bond	₹74.41 Cr	1.36%
Muthoot Fincorp Limited	Cash - Commercial Paper	₹49.75 Cr	0.91%
Gic Housing Finance Limited	Bond - Corporate Bond	₹49.66 Cr	0.91%
HDFC Bank Limited	Cash - CD/Time Deposit	₹48.96 Cr	0.90%
Muthoot Fincorp Limited	Cash - Commercial Paper	₹48.13 Cr	0.88%
Indusind Bank Ltd.	Bond - Corporate Bond	₹47.4 Cr	0.87%
YES Bank Ltd.	Bond - Corporate Bond	₹47.28 Cr	0.87%
Indostar Capital Finance Limited	Bond - Corporate Bond	₹44.72 Cr	0.82%
Godrej Properties Limited	Bond - Corporate Bond	₹39.98 Cr	0.73%
Piramal Finance Limited	Bond - Corporate Bond	₹39.78 Cr	0.73%
Piramal Finance Limited	Bond - Corporate Bond	₹35.1 Cr	0.64%
Piramal Capital & Housing Finance Limited	Bond - Corporate Bond	₹34.06 Cr	0.62%
25/06/2026 Maturing 364 DTB	Bond - Gov't/Treasury	₹24.91 Cr	0.46%
Bank Of Baroda	Cash - CD/Time Deposit	₹24.06 Cr	0.44%
Sbimf Aif - Cat I (Cdmdf)27/10/2038	Mutual Fund - Unspecified	₹12.88 Cr	0.24%
Power Finance Corporation Limited	Bond - Corporate Bond	₹5 Cr	0.09%
Power Finance Corporation Limited	Bond - Corporate Bond	₹5 Cr	0.09%
Adani Power Limited	Bond - Corporate Bond	₹4.95 Cr	0.09%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹2,536.9 Cr	46.51%
Cash - CD/Time Deposit	₹1,684.82 Cr	30.89%
Bond - Gov't/Treasury	₹344 Cr	6.31%
Cash - Commercial Paper	₹337.88 Cr	6.20%
Cash - Repurchase Agreement	₹331.95 Cr	6.09%
Bond - Short-term Government Bills	₹299.57 Cr	5.49%
Cash - Collateral	₹-235.73 Cr	4.32%
Bond - Asset Backed	₹141.73 Cr	2.60%
Mutual Fund - Unspecified	₹12.88 Cr	0.24%

Risk & Performance Ratios

Fund Managers

Amit Somani

Since October 2025

Dhawal Joshi

Since October 2025

Additional Scheme Detailsas of 31st May 2026

ISIN

INF277K011T0

Expense Ratio

0.25%

Exit Load

No Charges

Fund Size

₹5,454 Cr

Age

7 years 4 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

CRISIL Ultra Short Dura Debt B-I 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

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Franklin India Ultra Short Duration Fund Regular Growth Moderate Risk	0.6%	0.0%	₹323.92 Cr	6.0%
Franklin India Ultra Short Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹323.92 Cr	6.5%
Invesco India Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1197.43 Cr	6.5%
Motilal Oswal Ultra Short Term Fund Regular Growth Low to Moderate Risk	1.2%	0.0%	₹379.62 Cr	5.0%
Motilal Oswal Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹379.62 Cr	6.0%
ITI Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹144.85 Cr	5.5%
ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹144.85 Cr	6.3%
Sundaram Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1816.81 Cr	6.3%
Nippon India Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹10937.99 Cr	6.8%
Kotak Savings Fund Direct Growth Moderate Risk	0.4%	0.0%	₹16186.29 Cr	6.3%
Tata Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹5454.00 Cr	6.7%
Tata Ultra Short Term Fund Regular Growth Moderate Risk	1.0%	0.0%	₹5454.00 Cr	5.8%
ICICI Prudential Ultra Short Term Fund Regular Growth Moderate Risk	0.7%	0.0%	₹16002.16 Cr	6.1%
Nippon India Ultra Short Duration Fund Segregated Portfolio 1 Direct Growth Moderate Risk	0.4%	0.0%	-	195.1%
Nippon India Ultra Short Duration Fund Segregated Portfolio 1 Regular Growth Moderate Risk	1.2%	0.0%	-	195.1%
WhiteOak Capital Ultra Short Term Fund Regular Growth Low to Moderate Risk	1.1%	0.0%	₹560.01 Cr	5.6%
WhiteOak Capital Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.6%	0.0%	₹560.01 Cr	6.1%
DSP Ultra Short Fund Regular Growth Moderate Risk	0.9%	0.0%	₹4711.12 Cr	5.7%
Mirae Asset Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.4%	0.0%	₹1714.86 Cr	6.3%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1714.86 Cr	6.5%
UTI Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹3996.87 Cr	6.4%
Aditya Birla Sun Life Savings Fund Direct Growth Moderate Risk	0.3%	0.0%	₹19611.34 Cr	6.5%
Bank of India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹139.98 Cr	6.3%
SBI Magnum Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹11860.95 Cr	6.2%
HSBC Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹3524.69 Cr	6.3%
HSBC Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.3%	0.0%	₹3524.69 Cr	6.2%
Bandhan Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.4%	0.0%	₹4458.36 Cr	6.1%
Bandhan Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹4458.36 Cr	6.3%
ICICI Prudential Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹16002.16 Cr	6.5%
Canara Robeco Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹529.09 Cr	6.3%
DSP Ultra Short Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4711.12 Cr	6.4%
PGIM India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹174.73 Cr	6.1%
Axis Ultra Short Term Fund Regular Growth Moderate Risk	1.2%	0.0%	₹6167.96 Cr	5.7%
Axis Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹6167.96 Cr	6.6%
Sundaram Ultra Short Duration Fund Regular Growth Low to Moderate Risk	1.4%	0.0%	₹2330.91 Cr	5.0%
Aditya Birla Sun Life Savings Fund Regular Growth Moderate Risk	0.5%	0.0%	₹19611.34 Cr	6.2%
Kotak Savings Fund Regular Growth Moderate Risk	0.8%	0.0%	₹16186.29 Cr	5.9%
Invesco India Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹1197.43 Cr	5.9%
SBI Magnum Ultra Short Duration Fund Regular Growth Moderate Risk	0.6%	0.0%	₹11860.95 Cr	6.0%
Bank of India Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹139.98 Cr	5.7%
HDFC Ultra Short Term Fund Regular Growth Moderate Risk	0.7%	0.0%	₹16657.58 Cr	5.9%
HDFC Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹16657.58 Cr	6.2%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹213.25 Cr	6.4%
Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.6%	0.0%	₹213.25 Cr	6.0%
Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk	0.9%	0.0%	₹10937.99 Cr	6.0%
UTI Ultra Short Term Fund Regular Growth Moderate Risk	0.9%	0.0%	₹3996.87 Cr	5.7%
LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk	1.2%	0.0%	₹371.37 Cr	5.6%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹371.37 Cr	6.4%
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹774.98 Cr	6.3%
Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.4%	0.0%	₹774.98 Cr	6.1%

About the AMC

Tata Mutual Fund

+91 22 6657 8282

https://www.tatamutualfund.com/

Total AUM

₹2,30,160 Cr

Address

Mafatlal Centre, 9th Floor, Mumbai, 400 021

Other Funds by Tata Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Titanium Equity Long-Short Fund Direct Growth Very High Risk	-	1.0%	-	-
Tata BSE Multicap Consumption 50 30 20 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹41.93 Cr	-
Titanium Hybrid Long-Short Fund Direct Growth Very High Risk	0.6%	1.0%	₹466.00 Cr	-
Tata Nifty Next 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹117.70 Cr	-
Tata Nifty Midcap 150 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹289.35 Cr	-
Tata Income Plus Arbitrage Active FOF Direct Growth Moderate Risk	0.1%	0.0%	₹244.35 Cr	5.6%
Tata BSE Quality Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹58.27 Cr	2.9%
Tata Fixed Maturity Plan Series 61 Scheme D 91 Days Direct Growth Low to Moderate Risk	0.1%	0.0%	₹209.75 Cr	-
Tata BSE Select Business Groups Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹239.94 Cr	5.1%
Tata India Innovation Fund Direct Growth Very High Risk	0.6%	0.0%	₹1385.82 Cr	1.9%
Tata Nifty Capital Markets Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹792.45 Cr	23.1%
Tata Nifty200 Alpha 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹197.78 Cr	3.3%
Tata Nifty India Tourism Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹240.92 Cr	-14.9%
Tata Fixed Maturity Plan Series 61 Scheme C 91 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
TATA Nifty500 Multicap India Manufacturing 50:30:20 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹125.70 Cr	8.3%
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹74.20 Cr	3.2%
Tata Nifty Financial Services Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹68.75 Cr	-0.1%
Tata Nifty Auto Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹96.82 Cr	15.6%
Tata Nifty MidSmall Healthcare Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹173.19 Cr	10.5%
Tata Nifty Realty Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹48.43 Cr	-19.9%
Tata Fixed Maturity Plan Series 61 Scheme A - 91 Days Direct Growth Low to Moderate Risk	0.1%	-	-	-
Tata Fixed Maturity Plan Series 61 Scheme B 364 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Tata Silver ETF Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹1166.87 Cr	121.1%
Tata Gold ETF Fund of Fund Direct Growth High Risk	0.2%	0.0%	₹1445.44 Cr	47.7%
Tata Fixed Maturity Plan Series 56 Scheme G Direct Growth Low to Moderate Risk	-	0.0%	-	-
Tata Fixed Maturity Plan Series 56 Scheme H Direct Growth Low to Moderate Risk	-	0.0%	-	-
Tata Fixed Maturity Series E Direct Growth Low to Moderate Risk	-	0.0%	-	-
Tata Balanced Advantage Fund Direct Growth Very High Risk	0.5%	0.0%	₹8770.14 Cr	3.8%
Tata Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹5454.00 Cr	6.7%
Tata Business Cycle Fund Direct Growth Very High Risk	0.6%	0.0%	₹2674.74 Cr	3.0%
Tata Nifty India Digital ETF Fund of Fund Direct Growth Very High Risk	0.1%	1.0%	₹110.63 Cr	-13.1%
Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60: 40 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹641.58 Cr	5.3%
Tata Floating Rate Fund Direct Growth Moderate Risk	0.3%	0.0%	₹106.22 Cr	5.9%
Tata Small Cap Fund Direct Growth Very High Risk	0.4%	0.0%	₹11645.01 Cr	-7.1%
Tata Large & Mid Cap Fund Direct Growth Very High Risk	0.6%	0.0%	₹7788.70 Cr	-5.6%
Tata Mid Cap Growth Fund Direct Growth Very High Risk	0.6%	0.0%	₹5731.79 Cr	6.2%
Tata Hybrid Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹3681.09 Cr	1.4%
Tata Ethical Fund Direct Growth Very High Risk	0.6%	0.0%	₹3742.46 Cr	-5.7%
Tata Gilt Securities Fund Direct Growth Moderate Risk	0.3%	0.0%	₹999.35 Cr	1.2%
Tata Equity P/E Fund Direct Growth Very High Risk	0.7%	0.0%	₹8345.80 Cr	0.4%
Tata Infrastructure Fund Direct Growth Very High Risk	1.0%	0.0%	₹2092.77 Cr	6.0%
Tata Treasury Advantage Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2754.77 Cr	6.2%
Tata Money Market Fund Direct Growth Moderate Risk	0.1%	0.0%	₹33029.98 Cr	6.3%
Tata Equity Savings Fund Direct Growth Moderate Risk	0.6%	0.0%	₹284.62 Cr	7.5%
Tata Young Citizens Fund Direct Growth Very High Risk	1.6%	1.0%	₹328.67 Cr	-8.4%
Tata Liquid Fund Direct Growth Moderate Risk	0.2%	0.0%	₹30448.68 Cr	6.3%
Tata Large Cap Fund Direct Growth Very High Risk	0.8%	0.0%	₹2681.70 Cr	1.5%
Tata Retirement Savings Moderate Fund Direct Growth Very High Risk	0.6%	1.0%	₹2145.42 Cr	2.6%
Tata Retirement Savings Conservative Fund Direct Growth Moderately High risk	0.9%	1.0%	₹165.86 Cr	3.3%
Tata Short Term Bond Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹2989.09 Cr	5.1%

Risk Level

Your principal amount will be at Moderate Risk

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What is the current NAV of Tata Ultra Short Term Fund Direct Growth?

The NAV of Tata Ultra Short Term Fund Direct Growth, as of 16-Jun-2026, is ₹15.86.

What are the returns of Tata Ultra Short Term Fund Direct Growth?

The fund has generated 6.72% over the last 1 year and 7.47% 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 Tata Ultra Short Term Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 48.20% in bonds, and 51.57% in cash and cash equivalents.

Who manages the Tata Ultra Short Term Fund Direct Growth?

The fund managers responsible for Tata Ultra Short Term Fund Direct Growth are:-

Amit Somani
Dhawal Joshi

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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Tata Ultra Short Term Fund Direct Growth

Fund Overview