Nippon India Ultra Short Term Fund Direct IDCW NAV today
AMFI: 143497ISIN: INF204K01YI1MUTF_IN: NIPP_INDI_UST_1MT8ZELNippon India Mutual FundUltra Short Duration funds
Formerly Nippon India Ultra Short Duration Fund, Nippon India Ultra Short Duration Fund (Number of Segregated Portfolio -1), Reliance Liquid Cash, Reliance Liquid Fund - Cash, Reliance Ultra Short Duration Fund
NAV ₹1,036.6249
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹11,551 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 0.33%19 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- None
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 7.52%30 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- ModerateAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 11730 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 7 Dec 2001
Nippon India Ultra Short Term Fund returns
Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −0.03% | – | – | – | – |
| 1 month | +0.29% | – | 5 of 26 | +0.26% | +0.2% to +0.3% |
| 3 months | +1.52% | – | 3 of 25 | +1.42% | +1.4% to +1.5% |
| 6 months | +3.28% | – | 3 of 25 | +3.08% | +3.0% to +3.2% |
| 1 year | +6.73% | +6.40%to 30 Sep 2026 | 2 of 25 | +6.33% | +6.2% to +6.4% |
| 3 years | +7.48% | +7.08%to 30 Sep 2026 | 1 of 24 | +7.15% | +7.0% to +7.3% |
| 5 years | +6.98% | +6.54%to 30 Sep 2026 | 1 of 24 | +6.59% | +6.4% to +6.7% |
| 10 years | No price at its start | – | – | +6.51% | +6.2% to +6.7% |
₹10,000 put in on 21 May 2018 is ₹17,104 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: CRISIL Ultra Short Duration Debt A-I Index, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of Ultra Short Term Fun funds, each fund's return to its latest NAV on or before 25 Oct 2026. No price at its start: no NAV was published near the day the window begins.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 7 days yearly rate | +4.72% | +3.75% |
| 15 days yearly rate | +6.42% | +5.05% |
| 1 month yearly rate | +6.78% | +6.00% |
| 3 months yearly rate | +6.58% | +6.22% |
| 6 months yearly rate | +7.38% | +6.76% |
| 1 year | +6.96% | +6.40% |
| 3 years | +7.56% | +7.08% |
| 5 years | +7.00% | +6.54% |
| 10 years | +6.64% | +6.54% |
| Since launch | +7.21% | +7.17% |
Benchmark: CRISIL Ultra Short Duration Debt A-I Index. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
Highest year to Dec 2021, +8.7%; lowest year to Dec 2019, +1.7%
Nippon India Ultra Short Term Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,24,111₹1,24,104 after stamp duty | +6.70% | +6.69% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹4,00,818₹4,00,798 after stamp duty | +7.21% | +7.20% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,20,052₹7,20,016 after stamp duty | +7.29% | +7.29% | ₹30 | |
| Since May 2018101 instalments | ₹10,10,000 | ₹13,62,162₹13,62,114 after stamp duty | +6.99% | +6.99% | ₹38 |
10 years: Left out: no NAV near the start of the window.
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 21 May 2018 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year1,801 windows−0.1%+6.4%+10.4%99.7%
3 years1,316 windows+4.8%+6.8%+7.8%100.0%
5 years831 windows+5.7%+6.7%+7.6%100.0%
Every 3 and 5-year window ended higher than it started.From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Nippon India Ultra Short Term Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.72 ptsA year, on 19 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.33%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.05%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 0.39%, Apr 2026.Direct plan lowest 0.25%, Nov 2021.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.28% | 0.89% |
| Brokerage | None | None |
| Transaction costs | None | None |
| Statutory levies | 0.05% | 0.16% |
Per cent of assets a year, filed for 19 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹100
- SIP
- Accepted
- SIP dates
- 1st to 31st of a month
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP minimum
- Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years)
- SIP instalments, at least
- 60 months for Rs. 100 per month 12 months for Rs. 500 per month 6 months for Rs. 1,000 per month 12 quarters for Rs. 500 per quarter 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year
As listed for this plan on 24 Oct 2026.
Nippon India Ultra Short Term Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹11,899 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 61.4%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹12,701 Cr, quarter to Dec 2025.
Assets at each month end
Highest ₹13,463 Cr, Nov 2025.Lowest ₹577 Cr, Sep 2020.
Nippon India Ultra Short Term Fund portfolio
Portfolio disclosed for 30 Sep 2026.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 7.52%Lines stating a yield: 98.44% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 7.18%Direct plan
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over.
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window.
- None
The bond book is the fund's bonds, bills and overnight lending.
Holdings on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| 8.5% Nirma LimitedCRISIL AA, 8.50% coupon, repaid 7 Apr 2027 | Bonds and bills | 3.00% | 346.61 | 34,600 | 7.65% | Sep 2025 |
| 9.4% Vedanta Aluminium Metal LimitedICRA AA+, repaid 20 Feb 2027 | Bonds and bills | 2.78% | 320.90 | 32,000 | 8.20% | Feb 2025 |
| National Bank For Agriculture and Rural DevelopmentCRISIL A1+, repaid 18 Mar 2027 | Bonds and bills | 2.73% | 314.83 | 6,500 | 7.02% | Apr 2026 |
| Punjab National BankCRISIL A1+, repaid 4 Feb 2027 | Bonds and bills | 2.54% | 293.18 | 6,000 | 6.74% | Feb 2026 |
| HDFC Bank LimitedCARE A1+, repaid 12 Mar 2027 | Bonds and bills | 2.52% | 291.10 | 6,000 | 6.89% | Mar 2026 |
| 364 Days Tbillrepaid 10 Dec 2026 | Bonds and bills | 2.44% | 282.10 | 2,85,00,000 | 5.36% | Sep 2026 |
| 9.31% Vedanta LimitedCRISIL AA+, repaid 3 Dec 2027 | Bonds and bills | 2.23% | 257.15 | 25,500 | 8.53% | Aug 2026 |
| Small Industries Dev Bank of IndiaCRISIL A1+, repaid 11 Jun 2027 | Bonds and bills | 2.18% | 251.99 | 5,300 | 7.45% | Jun 2026 |
| 8.6% Aditya Birla Renewables LimitedCRISIL AA, repaid 24 Sep 2027 | Bonds and bills | 2.16% | 250.02 | 25,000 | 8.58% | Jun 2026 |
| 182 Days Tbillrepaid 17 Dec 2026 | Bonds and bills | 2.14% | 247.13 | 2,50,00,000 | 5.50% | Aug 2026 |
| Small Industries Dev Bank of IndiaCRISIL A1+, repaid 11 Aug 2027 | Bonds and bills | 2.03% | 234.66 | 5,000 | 7.60% | Aug 2026 |
| HDFC Bank LimitedCARE A1+, repaid 13 Nov 2026 | Bonds and bills | 1.89% | 218.40 | 4,400 | 6.21% | Aug 2026 |
| 7.35% Embassy Office Parks REITCRISIL AAA, repaid 5 Apr 2027 | Bonds and bills | 1.73% | 199.72 | 2,000 | 7.86% | Oct 2025 |
| Axis Bank LimitedCRISIL A1+, repaid 26 Nov 2026 | Bonds and bills | 1.71% | 198.09 | 4,000 | 6.27% | Nov 2025 |
| 364 Days Tbillrepaid 4 Feb 2027 | Bonds and bills | 1.70% | 196.11 | 2,00,00,000 | 5.75% | Aug 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore. 13 lines filed with no weight are listed without one.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| Interest Rate Swaps Pay Fix Receive Floating (22/09/2027) (FV 10000 Lacs) | 0.01% | 0.60 | – |
| Interest Rate Swaps Pay Fix Receive Floating (24/01/2028) (FV 10000 Lacs) | 0.01% | 0.62 | – |
| Interest Rate Swaps Pay Fix Receive Floating (01/12/2026) (FV 10000 Lacs) | – | −0.08 | – |
| Interest Rate Swaps Pay Fix Receive Floating (06/01/2027) (FV 20000 Lacs) | – | 0.12 | – |
| Interest Rate Swaps Pay Fix Receive Floating (08/02/2027) (FV 10000 Lacs) | – | 0.14 | – |
| Interest Rate Swaps Pay Fix Receive Floating (11/02/2027) (FV 20000 Lacs) | – | 0.19 | – |
| Interest Rate Swaps Pay Fix Receive Floating (14/07/2027) (FV 10000 Lacs) | – | 0.35 | – |
| Interest Rate Swaps Pay Fix Receive Floating (15/06/2027) (FV 10000 Lacs) | – | 0.56 | – |
| Interest Rate Swaps Pay Fix Receive Floating (18/01/2027) (FV 10000 Lacs) | – | 0.22 | – |
| Interest Rate Swaps Pay Fix Receive Floating (18/02/2027) (FV 10000 Lacs) | – | −0.09 | – |
| Interest Rate Swaps Pay Fix Receive Floating (18/02/2027) (FV 5000 Lacs) | – | −0.10 | – |
| Interest Rate Swaps Pay Fix Receive Floating (19/01/2027) (FV 10000 Lacs) | – | 0.11 | – |
| Interest Rate Swaps Pay Fix Receive Floating (27/01/2027) (FV 10000 Lacs) | – | 0.06 | – |
| Interest Rate Swaps Pay Fix Receive Floating (30/04/2027) (FV 12500 Lacs) | – | 0.21 | – |
| Interest Rate Swaps Pay Floating Receive Fix (31/08/2029) (FV 2500 Lacs) | – | 0.03 | – |
Weight is per cent of the fund's net assets; value in ₹ crore. 13 lines filed with no weight are listed without one.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Triparty Repo | 1.53% | 176.59 |
| Net Current Assets | 0.73% | 82.12 |
| Cash Margin - CCIL | 0.01% | 1.34 |
Weight is per cent of the fund's net assets; value in ₹ crore. 13 lines filed with no weight are listed without one.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 3.00%8.5% Nirma Limited
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 13.57%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 24.72%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 70.2Taken over 97.71% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Bonds and bills97.44%
- Units of other funds0.27%
- Cash and receivables2.29%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds.0.02%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces.0.02%
Per cent of the fund's net assets.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared.Loans of over a year
- Sovereign8.55%
- AAA16.31%
- AA32.99%
Loans of under a year
- A1+39.59%
Other
- Overnight lending1.54%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off.- Up to 1 month1.54%
- 1 to 3 months18.54%
- 3 to 6 months34.85%
- 6 to 12 months26.48%
- 1 to 3 years16.17%
- 3 to 5 years1.40%
- 5 to 10 yearsNone
- Over 10 yearsNone
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 6.74%HDFC Bank Limited
- Top 5 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 24.41%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 38.53%
Per cent of the fund's net assets. Lent outside the government: 88.89% of the fund, to 49 borrowers; the borrower is named for 82.98% of it, its group for 11.90%.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 137.12% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 61.62% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same.
- 8
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 4
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 5
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 110
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 1.62%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 17.07%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| 364 Days Tbill | New | 2.44% | 0.00% | +2.44 pts | +2,85,00,000 |
| 182 Days Tbill | Matured | – | 2.01% | −2.01 pts | – |
| 6.72% IndiGrid Infrastructure Trust | Matured | – | 1.93% | −1.93 pts | – |
| 182 Days Tbill | Added | 2.14% | 0.40% | +1.74 pts | +2,00,00,000 |
| HDFC Bank Limited | Matured | – | 1.60% | −1.60 pts | – |
| IIFL Home Finance Limited | Matured | – | 1.60% | −1.60 pts | – |
| National Bank For Agriculture and Rural Development | Added | 2.73% | 1.55% | +1.18 pts | +2,500 |
| 9.5% DMI Finance Private Limited | New | 1.06% | 0.00% | +1.06 pts | +12,500 |
| HDFC Bank Limited | Matured | – | 1.00% | −1.00 pts | – |
| Bank of Baroda | Matured | – | 0.80% | −0.80 pts | – |
| Bank of Baroda | Matured | – | 0.80% | −0.80 pts | – |
| Indian Bank | Sold out | – | 0.80% | −0.80 pts | −2,000 |
| Canara Bank | Added | 1.69% | 0.98% | +0.71 pts | +1,500 |
| Canara Bank | Added | 0.85% | 0.39% | +0.46 pts | +1,000 |
| 8.42% Godrej Industries Limited | New | 0.43% | 0.00% | +0.43 pts | +5,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 3 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.5% Nirma Limited | 1.20% | 1.29%Added | 1.60%Added | 1.69% | 1.66% | 1.85% | 1.59% | 1.61% | 3.41%Added | 2.98% | 2.79% | 3.00% |
| 9.4% Vedanta Aluminium Metal Limited | 1.91% | 1.76% | 2.18% | 2.30% | 2.26% | 2.53% | 2.17% | 2.19% | 2.36% | 2.07% | 2.58%Added | 2.78% |
| National Bank For Agriculture and Rural Development | – | – | – | – | – | – | 1.70%Bought | 1.72% | 1.87% | 1.64% | 1.55% | 2.73%Added |
| Punjab National Bank | – | – | – | – | 2.64%Bought | 2.97% | 2.57% | 2.61% | 2.83% | 2.49% | 2.34% | 2.54% |
| HDFC Bank Limited | – | – | – | – | – | 0.74%Bought | 0.64% | 0.65% | 0.70% | 0.82%Added | 2.33%Added | 2.52% |
| 364 Days Tbill | – | – | – | – | – | – | – | – | – | – | – | 2.44%Bought |
| 9.31% Vedanta Limited | – | – | – | – | – | – | – | – | – | – | 2.07%Bought | 2.23% |
| Small Industries Dev Bank of India | – | – | – | – | – | – | – | – | 1.97%Bought | 2.14%Added | 2.01% | 2.18% |
| 8.6% Aditya Birla Renewables Limited | – | – | – | – | – | – | – | – | 0.98%Bought | 2.15%Added | 2.01% | 2.16% |
| 182 Days Tbill | – | – | – | – | – | – | – | – | – | – | 0.40%Bought | 2.14%Added |
| Small Industries Dev Bank of India | – | – | – | – | – | – | – | – | – | – | 1.88%Bought | 2.03% |
| HDFC Bank Limited | – | – | – | – | – | – | – | – | – | – | 1.74%Bought | 1.89% |
| 7.35% Embassy Office Parks REIT | 1.59%Bought | 1.47% | 1.81% | 1.91% | 1.88% | 2.10% | 1.80% | 1.82% | 1.96% | 1.71% | 1.60% | 1.73% |
| Axis Bank Limited | – | 1.37%Bought | 1.71% | 1.80% | 1.78% | 2.01% | 1.73% | 1.76% | 1.91% | 1.68% | 1.58% | 1.71% |
| 364 Days Tbill | – | – | – | – | – | – | – | – | – | – | 1.57%Bought | 1.70% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap. The 162 holdings no longer held, sold or repaid within these months, are not listed.
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Ultra Short Term Fun funds (24 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.0.41%
0.31%Lowest0.43%Average0.50%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.No losing month
0.00%Lowest0.00%Average0.00%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.3.44
0.96Lowest2.53Average3.44Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.15.70
2.25Lowest8.29Average15.70Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 and 3 years | −0.09% | 6 Jul 2026 | 8 Jul 2026 | 13 Jul 2026 |
| 5 years | −0.18% | 2 May 2022 | 6 May 2022 | 23 May 2022 |
| Since May 2018 | −5.24% | 12 Sep 2019 | 25 Sep 2019 | 1 Jun 2020 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Feb 2024 to Aug 202631 months | Moderate | Low to ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Aug 2022 to Jan 202418 months | Moderate | ModerateNIFTY Ultra Short Duration Debt Index A-I |
| Jul 20221 month | Moderately High | ModerateNIFTY Ultra Short Duration Debt Index A-I |
| Apr 2022 to Jun 20223 months | Moderate | ModerateNIFTY Ultra Short Duration Debt Index A-I |
| Mar 20221 month | Moderate | NIFTY Ultra Short Duration Debt Index A-I |
| Dec 2021 to Feb 20223 months | Moderate | ModerateNIFTY Ultra Short Duration Debt Index A-I |
| Oct 2021 to Nov 20212 months | Moderate | Moderately HighNIFTY Ultra Short Duration Debt Index A-I |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Nippon India Ultra Short Term Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Vivek SharmaPrimary | Oct 2013 | – | – | – | 100.0% | 100.0% | 16 | ₹48,154 Cr₹32,822 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Nippon India Corporate Bond FundVivek Sharma | Feb 2020 | +6.92%a year | – | – | ₹8,907 Cr |
| Nippon India Ultra Short to Short Term FundVivek Sharma | Feb 2020 | +6.69%a year | – | – | ₹7,096 Cr |
| Nippon India Short Term FundVivek Sharma | Feb 2020 | +6.98%a year | – | – | ₹6,364 Cr |
| Nippon India Banking and PSU Debt FundVivek Sharma | Jun 2020 | +6.29%a year | – | – | ₹5,057 Cr |
| Nippon India Dynamic Term FundVivek Sharma | Jun 2020 | +5.94%a year | – | – | ₹3,702 Cr |
| Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60 40 Index FundVivek Sharma | Mar 2022 | +6.30%a year | +6.33% | −0.03 pts | ₹2,931 Cr |
| Nippon India Nifty G-Sec Jun 2036 Maturity Index FundVivek Sharma | Dec 2022 | +7.10%a year | +6.95% | +0.15 pts | ₹689 Cr |
| Nippon India Nifty G-Sec Sep 2027 Maturity Index FundVivek Sharma | Dec 2022 | +7.10%a year | +7.26% | −0.16 pts | ₹353 Cr |
| Nippon India Nifty SDL Plus G-Sec - Jun 2028 Maturity 70 30 Index FundVivek Sharma | Nov 2022 | +7.35%a year | +7.49% | −0.14 pts | ₹333 Cr |
| Nippon India Nifty SDL Plus G-Sec - Jun 2029 Maturity 70 30 Index FundVivek Sharma | Feb 2023 | +7.40%a year | +7.60% | −0.19 pts | ₹320 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| DSP Ultra Short Term FundDSP Mutual Fund | 15.83% | 21 |
| Axis Ultra Short Term FundAxis Mutual Fund | 15.79% | 19 |
| ICICI Prudential Ultra Short Term FundICICI Prudential Mutual Fund | 15.42% | 24 |
| Mirae Asset Ultra Short-Term FundMirae Asset Mutual Fund | 12.90% | 14 |
| Sundaram Ultra Short TermSundaram Mutual Fund | 12.88% | 11 |
| Aditya Birla Sun Life Ultra Short Term FundAditya Birla Sun Life Mutual Fund | 12.64% | 23 |
| Kotak Ultra Short Term FundKotak Mahindra Mutual Fund | 12.40% | 19 |
| UTI Ultra Short Term FundUTI Mutual Fund | 12.35% | 12 |
| HDFC Ultra Short Term FundHDFC Mutual Fund | 11.44% | 18 |
| LIC Mf Ultra Short Term FundLIC Mutual Fund | 9.61% | 11 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| Nippon India Ultra Short to Short Term FundNippon India Mutual Fund | 17.17% |
| Nippon India Money Market FundNippon India Mutual Fund | 13.82% |
| Nippon India Credit Risk FundNippon India Mutual Fund | 6.12% |
| Nippon India Floating Interest Rates FundNippon India Mutual Fund | 4.19% |
| Nippon India Corporate Bond FundNippon India Mutual Fund | 3.33% |
| Nippon India Liquid FundNippon India Mutual Fund | 2.97% |
| Nippon India Overnight FundNippon India Mutual Fund | 2.01% |
| Nippon India Short Term FundNippon India Mutual Fund | 0.93% |
| Nippon India Banking and PSU Debt FundNippon India Mutual Fund | 0.77% |
| Nippon India Medium Term FundNippon India Mutual Fund | 0.49% |
As the fund house states it, for Sep 2026.
Nippon India Ultra Short Term Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹9.9004 a unit, Jun 2026.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 25 Sep 2026 | ₹5.3381 | 0.51% | ₹1,038.6601 | ₹1,033.8865 |
| 25 Aug 2026 | ₹5.2988 | 0.51% | ₹1,038.1607 | ₹1,033.3220 |
| 27 Jul 2026 | ₹4.9766 | 0.48% | ₹1,037.6174 | ₹1,032.8619 |
| 25 Jun 2026 | ₹9.9004 | 0.95% | ₹1,041.3506 | ₹1,032.6408 |
| 25 May 2026 | ₹2.1428 | 0.21% | ₹1,033.6088 | ₹1,031.4502 |
| 27 Apr 2026 | ₹8.0796 | 0.78% | ₹1,039.3911 | ₹1,031.4660 |
| 25 Mar 2026 | ₹3.1967 | 0.31% | ₹1,033.6525 | ₹1,031.3115 |
| 25 Feb 2026 | ₹6.4782 | 0.62% | ₹1,036.6126 | ₹1,030.4558 |
| 27 Jan 2026 | ₹3.8876 | 0.38% | ₹1,034.1777 | ₹1,030.1344 |
| 26 Dec 2025 | ₹4.8136 | 0.47% | ₹1,034.6274 | ₹1,030.2901 |
| 25 Nov 2025 | ₹5.2158 | 0.50% | ₹1,034.7308 | ₹1,029.8138 |
| 27 Oct 2025 | ₹6.108 | 0.59% | ₹1,035.3790 | ₹1,029.5150 |
All 87 payouts since 25 May 2018.
Changes to the fund
Newest first.
2026
- 30 SepCategoryCategory: Debt / Ultra Short Duration to Debt / Ultra Short Term Fun
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2024
- 31 MarBenchmarkBenchmark: NIFTY Ultra Short Duration Debt Index A-I to CRISIL Ultra Short Duration Debt A-I Index
Fund details
Objective
The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt and money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.
Asset allocation
- Debt Instruments and Money Market Instruments (including Tri-party Repo on government securities or T-bills,/ Repo (including corporate bond Repo));
- Minimum 0%, Maximum 100%.
Type of scheme
An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 - 6 months. Moderate interest rate risk and moderate Credit Risk.
- Stated category
- Ultra Short Term Fund
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- CRISIL Ultra Short Duration Debt A-I Index
- Potential risk classPotential risk class. The most risk a debt fund says it may take, as a letter and a numeral: the letter is credit risk, from A (relatively low) to C (relatively high), and the numeral is interest rate risk, from I (relatively low) to III (relatively high).
- B-II
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Moderately Low
- New fund offer
- 4 Dec 2001 to 4 Dec 2001
- Units first allotted
- 7 Dec 2001
- Open for sale again
- 9 Dec 2001
- Price at the offer
- ₹1,000 a unit
- Minimum at the offer
- ₹10,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 143494 | INF204K01YH3 | NIPP_INDI_UST_NRD9WN | 21 May 2018 | |
| Regular Growth | 143493 | INF204K01UE8 | NIPP_INDI_UST_6HNKUQ | 21 May 2018 | |
| Direct IDCW | 143497 | INF204K01YI1 | INF204K01YJ9 | NIPP_INDI_UST_1MT8ZEL | 21 May 2018 |
| Regular IDCW | 143495 | INF204K01UD0 | NIPP_INDI_UST_NQLP36 | 21 May 2018 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Fundamentals \ E-Factsheet: October 2026 (opens in a new tab)Nippon India Mutual Fund, Sep 2026
Statement of additional information
- SAI Nippon India Mutual Fund (opens in a new tab)Nippon India Mutual Fund, Oct 2026
Annual report
- Abridged Scheme Account 2025-2026 - ight face intermittent issues with NetBanking payment mode during Purchase transaction on our Digital assets. Kindly use an alternative payment mode. Regret the inconvenience caused. --> --> --> Custom Title Abridged Scheme Account 2025 - 26 Page Content 1. Consol (opens in a new tab)Nippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 2. Consolidated Debt Schemes (opens in a new tab)Nippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 3. Consolidated Exchange Traded Funds (opens in a new tab)Nippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 4.Consolidate Interval Funds and Fixed Maturity Plans (opens in a new tab)Nippon India Mutual Fund, Mar 2026
Riskometer disclosure
- Download (opens in a new tab)Nippon India Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap (opens in a new tab)Nippon India Mutual Fund, Sep 2026
- Portfolio-Overlap-30-Sep-2026 (opens in a new tab)Nippon India Mutual Fund, Sep 2026