Tata Ultra Short Term Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (18-Jun-25)
₹14.870.02%1D
Returns (Since Inception)
6.39%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹4,684 Cr
Expense Ratio
0.28%
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 6 years, 4 months and 27 days, having been launched on 23-Jan-19.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹14.87, Assets Under Management (AUM) of 4683.52 Crores, and an expense ratio of 0.28%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹14.87, Assets Under Management (AUM) of 4683.52 Crores, and an expense ratio of 0.28%.
- Tata Ultra Short Term Fund Direct Growth has given a CAGR return of 6.39% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 42.78% in debts, and 56.99% 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
+8.10%
+7.18% (Cat Avg.)
3 Years
+7.48%
+6.70% (Cat Avg.)
5 Years
+6.08%
+5.53% (Cat Avg.)
Since Inception
+6.39%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Debt | ₹2,003.54 Cr | 42.78% |
| Others | ₹2,679.98 Cr | 57.22% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹371.29 Cr | 7.93% |
| 91 Days Tbill Red 12-06-2025 | Bond - Gov't/Treasury | ₹249.57 Cr | 5.33% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹220.82 Cr | 4.71% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹193.4 Cr | 4.13% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹184.88 Cr | 3.95% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹175 Cr | 3.74% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹147.53 Cr | 3.15% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹147.46 Cr | 3.15% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹143.71 Cr | 3.07% |
| Gic Housing Finance Limited | Bond - Corporate Bond | ₹100.95 Cr | 2.16% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹100.37 Cr | 2.14% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹100.35 Cr | 2.14% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹99.91 Cr | 2.13% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹96.82 Cr | 2.07% |
| Canara Bank | Cash - CD/Time Deposit | ₹96.59 Cr | 2.06% |
| Indian Bank | Cash - CD/Time Deposit | ₹96.26 Cr | 2.06% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹94.96 Cr | 2.03% |
| Net Current Liabilities | Cash - Collateral | ₹-90.91 Cr | 1.94% |
| Credila Financial Services Limited | Bond - Corporate Bond | ₹75.73 Cr | 1.62% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹75.6 Cr | 1.61% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹75.35 Cr | 1.61% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹75.28 Cr | 1.61% |
| 5.22% Govt Stock 2025 | Bond - Gov't/Treasury | ₹74.99 Cr | 1.60% |
| 182 DTB 12062025 | Bond - Gov't/Treasury | ₹74.87 Cr | 1.60% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹74.44 Cr | 1.59% |
| Mirae Asset Financial Services (India) Pvt Ltd. | Cash - Commercial Paper | ₹73.65 Cr | 1.57% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹72.63 Cr | 1.55% |
| ** 07.85 % Interise Trust - 31/03/2040 | Bond - Corporate Bond | ₹66.83 Cr | 1.43% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹50.27 Cr | 1.07% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹50.2 Cr | 1.07% |
| Motilal Oswal Finvest Limited | Bond - Corporate Bond | ₹50.18 Cr | 1.07% |
| IIFL Finance Limited | Bond - Corporate Bond | ₹49.96 Cr | 1.07% |
| Rec Limited | Bond - Corporate Bond | ₹49.76 Cr | 1.06% |
| HDFC Bank Ltd. | Cash - CD/Time Deposit | ₹49.11 Cr | 1.05% |
| 360 One Prime Ltd. | Cash - Commercial Paper | ₹48.92 Cr | 1.04% |
| Nuvama Wealth And Investment Limited | Cash - Commercial Paper | ₹48.75 Cr | 1.04% |
| Indusind Bank Ltd. | Cash - CD/Time Deposit | ₹48.25 Cr | 1.03% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹48.12 Cr | 1.03% |
| The Karur Vysya Bank Ltd. | Cash - CD/Time Deposit | ₹48.04 Cr | 1.03% |
| Angel One Limited | Cash - Commercial Paper | ₹47.97 Cr | 1.02% |
| ** - Mashreq Bank - Cd - 30/01/2026 | Cash | ₹47.81 Cr | 1.02% |
| Equitas Small Finance Bank Limited | Cash - CD/Time Deposit | ₹47.74 Cr | 1.02% |
| ** - Mashreq Bank - Cd - 27/02/2026 | Cash | ₹47.57 Cr | 1.02% |
| Piramal Capital & Housing Finance Ltd | Cash - Commercial Paper | ₹47.56 Cr | 1.02% |
| Piramal Capital & Housing Finance Ltd | Cash - Commercial Paper | ₹47.51 Cr | 1.01% |
| Muthoot Fincorp Limited | Cash - Commercial Paper | ₹47.47 Cr | 1.01% |
| Indostar Capital Finance Limited | Cash - Commercial Paper | ₹47.05 Cr | 1.00% |
| The Jammu And Kashmir Bank Limited | Bond - Corporate Bond | ₹46.85 Cr | 1.00% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹35.2 Cr | 0.75% |
| Can Fin Homes Limited | Bond - Corporate Bond | ₹25.47 Cr | 0.54% |
| Pnb Housing Finance Limited | Bond - Corporate Bond | ₹25.34 Cr | 0.54% |
| JM Financial Services Limited | Bond - Corporate Bond | ₹25.23 Cr | 0.54% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹25.23 Cr | 0.54% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹25.2 Cr | 0.54% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹25.14 Cr | 0.54% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹25.12 Cr | 0.54% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹25.1 Cr | 0.54% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.03 Cr | 0.53% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹24.92 Cr | 0.53% |
| The Jammu And Kashmir Bank Limited | Bond - Corporate Bond | ₹24.92 Cr | 0.53% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.9 Cr | 0.53% |
| Indian Oil Corp Ltd. | Cash - Commercial Paper | ₹24.89 Cr | 0.53% |
| Nuvama Wealth And Investment Limited | Cash - Commercial Paper | ₹24.01 Cr | 0.51% |
| TRuhome Finance Limited | Bond - Corporate Bond | ₹15.07 Cr | 0.32% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹15.06 Cr | 0.32% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹15.06 Cr | 0.32% |
| SBIMF AIF - CAT I (CDMDF)27/10/2038 | Mutual Fund - Open End | ₹10.74 Cr | 0.23% |
| D) Repo | Cash - Repurchase Agreement | ₹2.48 Cr | 0.05% |
| (C) Treps | Cash - Repurchase Agreement | ₹2 Cr | 0.04% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹2,150.89 Cr | 45.92% |
| Cash - CD/Time Deposit | ₹1,508.2 Cr | 32.20% |
| Bond - Gov't/Treasury | ₹546.96 Cr | 11.68% |
| Cash - Commercial Paper | ₹457.78 Cr | 9.77% |
| Cash | ₹95.39 Cr | 2.04% |
| Cash - Collateral | ₹-90.91 Cr | 1.94% |
| Mutual Fund - Open End | ₹10.74 Cr | 0.23% |
| Cash - Repurchase Agreement | ₹4.48 Cr | 0.10% |
Risk & Performance Ratios
Standard Deviation
This fund
0.32%
Cat. avg.
0.49%
Lower the better
Sharpe Ratio
This fund
2.62
Cat. avg.
0.28
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.10
Higher the better
Fund Managers
AM
Akhil Mittal
Since January 2019
AS
Abhishek Sonthalia
Since September 2024
Additional Scheme Detailsas of 31st May 2025
ISIN | INF277K011T0 | Expense Ratio | 0.28% | Exit Load | No Charges | Fund Size | ₹4,684 Cr | Age | 6 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:
- 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
₹1,89,571 Cr
Address
Mafatlal Centre, 9th Floor, Mumbai, 400 021
Other Funds by Tata Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
Unlock Expert Insights!
Related Articles
Still got questions?
We're here to help.
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 18-Jun-2025, is ₹14.87.
What are the returns of Tata Ultra Short Term Fund Direct Growth?
The fund has generated 8.10% over the last 1 year and 7.48% 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, 42.78% in bonds, and 56.99% 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:-
- Akhil Mittal
- Abhishek Sonthalia
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.
©2021-2022 Dezerv. All Rights Reserved
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.