SBI Ultra Short Term Fund Regular IDCW NAV today
AMFI: 103884ISIN: INF200K01LM8MUTF_IN: SBI_ULTR_SHOR_1Q0C86LSBI Mutual FundUltra Short Duration funds
Formerly SBI Magnum Insta Cash Fund, SBI Magnum Ultra Short Duration Fund, SBI Ultra Short Duration Fund
NAV ₹1,264.3422
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.
- ₹11,237 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.
- 0.57%18 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.
- 7.11%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.
- Low to 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.
- 6130 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 21 May 1999
SBI Ultra Short Term Fund returns
Read from the regular 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 | −0.02% | – | – | – | – |
| 1 month | +0.27% | – | 1 of 26 | +0.21% | +0.2% to +0.2% |
| 3 months | +1.38% | – | 3 of 25 | +1.30% | +1.2% to +1.3% |
| 6 months | +2.94% | – | 6 of 25 | +2.83% | +2.7% to +2.9% |
| 1 year | +6.02% | +6.40%to 30 Sep 2026 | 6 of 25 | +5.75% | +5.6% to +6.0% |
| 3 years | +6.85% | +7.08%to 30 Sep 2026 | 7 of 24 | +6.61% | +6.3% to +6.9% |
| 5 years | +6.26% | +6.54%to 30 Sep 2026 | 7 of 24 | +6.04% | +5.8% to +6.3% |
| 10 years | +6.36% | +6.54%to 30 Sep 2026 | 3 of 11 | +6.09% | +5.5% to +6.3% |
₹10,000 put in on 13 Jan 2012, the first price after the NAV last changed level, is ₹27,733 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 Regular plans of Ultra Short Term Fun funds, each fund's return to its latest NAV on or before 25 Oct 2026.
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 | +3.61% | +3.75% |
| 15 days yearly rate | +5.29% | +5.05% |
| 1 month yearly rate | +6.10% | +6.00% |
| 3 months yearly rate | +5.92% | +6.22% |
| 6 months yearly rate | +6.53% | +6.76% |
| 1 year | +6.20% | +6.40% |
| 3 years | +6.92% | +7.08% |
| 5 years | +6.26% | +6.54% |
| 10 years | +6.38% | +6.54% |
| Since launch | +7.03% | +7.45% |
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, Regular 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 2013, +9.3%; lowest year to Dec 2021, +3.4%
No return for the year to Dec 2012 and year to Mar 2012: the NAV changed level or stopped pricing in that year.
SBI 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 | ₹1,23,706₹1,23,699 after stamp duty | +6.04% | +6.03% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,96,962₹3,96,942 after stamp duty | +6.55% | +6.55% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,08,473₹7,08,437 after stamp duty | +6.64% | +6.64% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹16,51,224₹16,51,178 after stamp duty | +6.24% | +6.24% | ₹38 |
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 1 Apr 2006 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 year5,751 windows+3.2%+7.2%+9.8%100.0%
3 years4,290 windows+4.5%+7.0%+9.2%100.0%
5 years2,829 windows+5.6%+6.9%+8.7%100.0%
10 years1,166 windows+6.4%+6.8%+7.5%100.0%
Every 1, 3, 5 and 10-year window ended higher than it started.From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
SBI 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.
- 0.22 ptsA year, on 18 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.
- 0.35%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.
- 0.57%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 0.42%, Apr 2019.Direct plan lowest 0.10%, Oct 2018.
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. | 0.30% | 0.49% |
| Brokerage | None | None |
| Transaction costs | None | None |
| Statutory levies | 0.05% | 0.08% |
Per cent of assets a year, filed for 18 Oct 2026. The parts add up to that day's total.
Buying and selling
- SIP minimum
- ₹1,000
SBI 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.
- ₹11,771 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.
- 70.4%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹16,007 Cr, quarter to Sep 2025.
Assets at each month end
Highest ₹16,408 Cr, Jun 2025.Lowest ₹5,734 Cr, Feb 2019.
SBI 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.
- 7.11%Lines stating a yield: 96.18% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 6.54%Regular 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. | ||||
|---|---|---|---|---|---|---|
| HDFC Bank Ltd.[ICRA]A1+, repaid 15 Jan 2027 | Bonds and bills | 9.60% | 1,078.85 | 22,000 | 6.75% | Sep 2026 |
| 91 DAY T-BILL 22.10.26Sovereign, repaid 22 Oct 2026 | Bonds and bills | 7.10% | 797.61 | 8,00,00,000 | 5.20% | Jul 2026 |
| Kotak Mahindra Bank Ltd.CRISIL A1+, repaid 5 Mar 2027 | Bonds and bills | 6.92% | 777.66 | 16,000 | 6.76% | Mar 2026 |
| National Bank for Agriculture and Rural DevelopmentCRISIL A1+, repaid 2 Mar 2027 | Bonds and bills | 6.05% | 680.12 | 14,000 | 7.02% | Mar 2026 |
| Punjab National BankCRISIL A1+, repaid 4 Feb 2027 | Bonds and bills | 3.91% | 439.77 | 9,000 | 6.74% | Feb 2026 |
| Bank of BarodaIND A1+, repaid 7 Oct 2026 | Bonds and bills | 3.78% | 424.60 | 8,500 | 5.80% | Sep 2026 |
| Muthoot Fincorp Ltd.CRISIL A1+, repaid 12 Mar 2027 | Bonds and bills | 3.43% | 384.99 | 8,000 | 8.79% | Mar 2026 |
| Small Industries Development Bank of IndiaCRISIL A1+, repaid 18 Feb 2027 | Bonds and bills | 3.38% | 379.88 | 7,800 | 6.95% | Feb 2026 |
| Muthoot Finance Ltd.CRISIL AA+, 8.05% coupon, repaid 25 Nov 2027 | Bonds and bills | 2.87% | 322.70 | 32,500 | 8.68% | Sep 2025 |
| Adani Power Ltd.CRISIL AA, repaid 27 Jan 2028 | Bonds and bills | 2.66% | 298.74 | 30,000 | 8.61% | Jan 2026 |
| Union Bank of India[ICRA]A1+, repaid 15 Jan 2027 | Bonds and bills | 2.62% | 294.27 | 6,000 | 6.70% | Sep 2026 |
| Avanse Financial Services Ltd.IND AA, repaid 28 Oct 2027 | Bonds and bills | 2.21% | 248.18 | 25,000 | 9.84% | Jul 2026 |
| Axis Bank Ltd.CRISIL A1+, repaid 17 Dec 2026 | Bonds and bills | 2.20% | 246.71 | 5,000 | 6.32% | Aug 2026 |
| Radhakrishna Securitisation Trust (Obligor - Digital Fibre Infrastructure Trust)CRISIL AAA(SO), 7.66% coupon, repaid 28 Sep 2028 | Bonds and bills | 2.16% | 243.08 | 255 | 8.07% | Sep 2025 |
| Bharat Petroleum Corporation Ltd.CRISIL AAA, 6.27% coupon, repaid 26 Oct 2026 | Bonds and bills | 1.78% | 199.98 | 2,000 | 6.05% | Sep 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
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. | |||
|---|---|---|---|
| Deutsche Bank AG 15-02-2027 | −28.92% | – | – |
| Deutsche Bank AG 23-08-2027 | −2.22% | – | – |
| HSBC Ltd. 23-08-2027 | −2.22% | – | – |
| ICICI Bank Ltd. 05-10-2026 | −0.44% | – | – |
Weight is per cent of the fund's net assets; value in ₹ crore.
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. | ||
|---|---|---|
| TREPS | 3.79% | 426.24 |
| Net Receivable / Payable | 0.25% | 28.86 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 9.60%HDFC Bank Ltd.
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 33.58%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 49.70%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 25.7Taken over 95.96% 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 bills95.52%
- Units of other funds0.44%
- Cash and receivables4.04%
- 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.−33.82%
- 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.33.82%
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
- Sovereign9.41%
- AAA6.63%
- AA21.73%
Loans of under a year
- A1+57.75%
Other
- Overnight lending3.79%
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 month20.59%
- 1 to 3 months9.96%
- 3 to 6 months50.51%
- 6 to 12 months2.94%
- 1 to 3 years15.31%
- 3 to 5 yearsNone
- 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.
- 9.60%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.
- 38.02%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 52.44%
Per cent of the fund's net assets. Lent outside the government: 86.11% of the fund, to 32 borrowers; the borrower is named for 87.55% of it, its group for 22.49%.
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.
- 1222.87% 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.
- 712.21% 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.
- 6
- 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.
- 1
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 4
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 48
- 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.
- 12.21%
- 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.
- 27.62%
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. | ||||
|---|---|---|---|---|---|
| HDFC Bank Ltd. | New | 9.60% | 0.00% | +9.60 pts | +22,000 |
| HDFC Bank Ltd. | Sold out | – | 5.28% | −5.28 pts | −13,000 |
| Bank of Baroda | New | 3.78% | 0.00% | +3.78 pts | +8,500 |
| Union Bank of India | New | 2.62% | 0.00% | +2.62 pts | +6,000 |
| JM Financial Services Ltd. | Matured | – | 2.10% | −2.10 pts | – |
| Bharat Petroleum Corporation Ltd. | New | 1.78% | 0.00% | +1.78 pts | +2,000 |
| 182 DAY T-BILL 10.09.26 | Matured | – | 1.68% | −1.68 pts | – |
| Muthoot Fincorp Ltd. | Matured | – | 1.67% | −1.67 pts | – |
| Canara Bank | Sold out | – | 1.63% | −1.63 pts | −4,000 |
| HDFC Bank Ltd. | Sold out | – | 1.63% | −1.63 pts | −4,000 |
| Punjab National Bank | Sold out | – | 1.63% | −1.63 pts | −4,000 |
| TATA Capital Ltd. | Matured | – | 1.26% | −1.26 pts | – |
| Punjab National Bank | New | 0.89% | 0.00% | +0.89 pts | +2,000 |
| Equitas Small Finance Bank Ltd. | New | 0.88% | 0.00% | +0.88 pts | +2,000 |
| National Bank for Agriculture and Rural Development | Trimmed | 6.05% | 6.92% | −0.87 pts | −3,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | – | – | – | – | – | – | – | – | – | – | – | 9.60%Bought |
| 91 DAY T-BILL 22.10.26 | – | – | – | – | – | – | – | – | – | 7.08%Bought | 6.69% | 7.10% |
| Kotak Mahindra Bank Ltd. | – | – | – | – | – | 6.33%Bought | 6.01% | 6.37% | 6.71% | 6.88% | 6.51% | 6.92% |
| National Bank for Agriculture and Rural Development | – | – | – | – | – | 6.73%Bought | 6.38% | 6.77% | 7.12% | 7.31% | 6.92% | 6.05%Cut |
| Punjab National Bank | – | – | – | – | 3.43%Bought | 3.98% | 3.78% | 4.00% | 4.63%Added | 4.76% | 4.50% | 3.91%Cut |
| Bank of Baroda | – | – | – | – | – | – | – | – | – | – | – | 3.78%Bought |
| Muthoot Fincorp Ltd. | – | – | – | – | – | 3.11%Bought | 2.96% | 3.14% | 3.31% | 3.40% | 3.22% | 3.43% |
| Small Industries Development Bank of India | – | – | – | – | 5.47%Bought | 2.38%Cut | 2.26% | 3.11%Added | 3.27% | 3.36% | 3.18% | 3.38% |
| Muthoot Finance Ltd. | 1.56%Added | 1.45% | 1.55% | 1.60% | 1.65% | 1.90% | 1.79% | 1.88% | 1.97% | 2.89%Added | 2.72% | 2.87% |
| Adani Power Ltd. | – | – | – | 2.13%Bought | 2.18% | 2.52% | 2.37% | 2.50% | 2.63% | 2.67% | 2.51% | 2.66% |
| Union Bank of India | – | – | – | – | – | – | – | – | – | – | – | 2.62%Bought |
| Avanse Financial Services Ltd. | – | – | – | – | – | – | – | – | – | 2.23%Bought | 2.09% | 2.21% |
| Axis Bank Ltd. | – | – | – | – | – | – | – | – | – | – | 2.06%Bought | 2.20% |
| Radhakrishna Securitisation Trust (Obligor - Digital Fibre Infrastructure Trust) | 1.78%Cut | 1.65% | 1.74% | 1.80% | 1.86% | 2.11% | 1.99% | 2.09% | 2.19% | 2.22% | 2.08% | 2.16% |
| Bharat Petroleum Corporation Ltd. | – | – | – | – | – | – | – | – | – | – | – | 1.78%Bought |
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.
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Regular 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.0.43%
0.31%Lowest0.43%Average0.51%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.1.92
−1.22Lowest1.25Average2.21Highest
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.5.29
−1.51Lowest3.27Average6.61Highest
From the Regular 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 | −0.13% | 6 Jul 2026 | 8 Jul 2026 | 16 Jul 2026 |
| 5 years | −0.30% | 2 May 2022 | 6 May 2022 | 6 Jun 2022 |
| 10 years | −0.96% | 11 Mar 2020 | 24 Mar 2020 | 27 Mar 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. |
|---|---|---|
| Oct 2024 to Aug 202623 months | Low to Moderate | Low to ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Feb 2024 to Sep 20248 months | Moderate | Low to ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Nov 2023 to Jan 20243 months | Low to Moderate | ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Dec 2022 to Oct 202311 months | Moderate | ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Oct 2022 to Nov 20222 months | Moderate | Low to ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Sep 20221 month | Moderate | ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Dec 2021 to Aug 20229 months | Low to Moderate | ModerateCRISIL Ultra Short Duration Debt A-I Index |
| Nov 20211 month | 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.
SBI 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. | ||
|---|---|---|---|---|---|---|---|---|
| Ardhendu Bhattacharya | Dec 2023 | +6.91%a year | – | – | 58.7% | 42.6% | 13 | ₹97,010 Cr₹6,219 Cr alone |
| Rajeev Radhakrishnan | Dec 2024 | +6.67%a year | – | – | 45.9% | 49.7% | 15 | ₹2,61,264 Cr₹1,22,650 Cr alone |
Returns are the regular 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. | ||
|---|---|---|---|---|---|
| SBI Arbitrage FundArdhendu Bhattacharya | Dec 2024 | +6.31%a year | – | – | ₹46,309 Cr |
| SBI Corporate Bond FundArdhendu Bhattacharya | Dec 2023 | +6.68%a year | – | – | ₹21,803 Cr |
| SBI Banking & PSU Debt FundArdhendu Bhattacharya | Dec 2023 | +6.71%a year | – | – | ₹3,512 Cr |
| SBI Nifty 10 yr Benchmark G-Sec ETFArdhendu Bhattacharya | Dec 2023 | +5.91%a year | +6.02% | −0.11 pts | ₹3,226 Cr |
| SBI Retirement Benefit Fund - AggressiveArdhendu Bhattacharya | Jun 2021 | +10.83%a year | – | – | ₹3,066 Cr |
| SBI Dynamic Asset Allocation Active FoFArdhendu Bhattacharya | Sep 2025 | −0.16%a year | – | – | ₹2,214 Cr |
| SBI Income Plus Arbitrage Active FOFArdhendu Bhattacharya | Apr 2025 | +5.24%a year | – | – | ₹1,747 Cr |
| SBI Retirement Benefit Fund - Aggressive HybridArdhendu Bhattacharya | Jun 2021 | +10.59%a year | – | – | ₹1,587 Cr |
| SBI Long Term FundArdhendu Bhattacharya | Jul 2025 | +0.56%a year | – | – | ₹1,246 Cr |
| SBI Floating Interest Rates FundArdhendu Bhattacharya | Jun 2021 | +6.45%a year | – | – | ₹676 Cr |
Up to ten funds a manager, largest first. Returns are the regular 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. | |
|---|---|---|
| Tata Ultra Short Term FundTata Mutual Fund | 16.21% | 5 |
| Sundaram Ultra Short TermSundaram Mutual Fund | 16.17% | 10 |
| Axis Ultra Short Term FundAxis Mutual Fund | 11.32% | 8 |
| HSBC Ultra Short Term FundHSBC Mutual Fund | 10.57% | 5 |
| Kotak Ultra Short Term FundKotak Mahindra Mutual Fund | 10.45% | 13 |
| PGIM India Ultra Short Term FundPGIM India Mutual Fund | 9.70% | 3 |
| ICICI Prudential Ultra Short Term FundICICI Prudential Mutual Fund | 9.13% | 15 |
| HDFC Ultra Short Term FundHDFC Mutual Fund | 9.13% | 11 |
| Nippon India Ultra Short Term FundNippon India Mutual Fund | 8.70% | 10 |
| Aditya Birla Sun Life Ultra Short Term FundAditya Birla Sun Life Mutual Fund | 8.64% | 12 |
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. | |
|---|---|
| SBI Ultra Short to Short Term FundSBI Mutual Fund | 27.46% |
| SBI Dynamic Term FundSBI Mutual Fund | 12.86% |
| SBI Short Term FundSBI Mutual Fund | 8.67% |
| SBI Money Market FundSBI Mutual Fund | 8.41% |
| SBI Medium to Long Term FundSBI Mutual Fund | 7.04% |
| SBI Banking & PSU Debt FundSBI Mutual Fund | 6.44% |
| SBI Credit Risk FundSBI Mutual Fund | 4.80% |
| SBI Corporate Bond FundSBI Mutual Fund | 3.11% |
| SBI Medium Term FundSBI Mutual Fund | 2.57% |
| SBI Floating Interest Rates FundSBI Mutual Fund | 0.88% |
As the fund house states it, for Sep 2026.
SBI 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.Every fund's payouts
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 | |
|---|---|---|---|---|
| 16 Oct 2026 | ₹0.59926 | 0.047% | ₹1,265.1685 | ₹1,264.6353 |
| 9 Oct 2026 | ₹1.82108 | 0.14% | ₹1,266.1316 | ₹1,264.6353 |
| 1 Oct 2026 | ₹1.50347 | 0.12% | ₹1,265.6925 | ₹1,264.6353 |
| 25 Sep 2026 | ₹1.0542 | 0.083% | ₹1,265.7473 | ₹1,264.6353 |
| 18 Sep 2026 | ₹0.82869 | 0.065% | ₹1,265.3135 | ₹1,264.6353 |
| 11 Sep 2026 | ₹0.93882 | 0.074% | ₹1,265.6640 | ₹1,264.6353 |
| 4 Sep 2026 | ₹3.07856 | 0.24% | ₹1,267.3867 | ₹1,264.6353 |
| 28 Aug 2026 | ₹2.01802 | 0.16% | ₹1,266.3560 | ₹1,264.6353 |
| 21 Aug 2026 | ₹0.37585 | 0.030% | ₹1,264.9915 | ₹1,264.6353 |
| 14 Aug 2026 | ₹1.64366 | 0.13% | ₹1,265.9367 | ₹1,264.6353 |
| 7 Aug 2026 | ₹2.10779 | 0.17% | ₹1,266.4649 | ₹1,264.6353 |
| 31 Jul 2026 | ₹1.51568 | 0.12% | ₹1,265.7572 | ₹1,264.6353 |
The latest 120 of 557 payouts since 13 Jan 2012.
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
2022
- 30 AprBenchmarkBenchmark: NIFTY Ultra Short Duration Debt Index A-I to CRISIL Ultra Short Duration Debt A-I Index
Fund details
Objective
The investment objective is to provide investors with an opportunity to generate regular income with high degree of liquidity through investments in a portfolio comprising predominantly of debt and money market instruments
Asset allocation
- Debt instruments (including Central and State Government(s) securities, Debt derivatives) and Money Market instruments: 0%-100% (Low to Medium risk)
- Stated category
- Debt
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- NIFTY Ultra Short Duration Debt 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.
- Low to Moderate
- New fund offer
- 13 May 1999 to 19 May 1999
- Units first allotted
- 21 May 1999
- 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 | 119828 | INF200K01TF5 | SBI_ULTR_SHOR_1GAVI24 | 1 Jan 2013 | |
| Regular Growth | 100641 | INF200K01LJ4 | SBI_ULTR_SHOR_UFG2C5 | 1 Apr 2006 | |
| Direct IDCW | 119784 | INF200K01TG3 | SBI_ULTR_SHOR_26E9MF | 2 Jan 2013 | |
| Regular IDCW | 103884 | INF200K01LM8 | INF200K01LL0 | SBI_ULTR_SHOR_1Q0C86L | 1 Apr 2006 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- All SBIMF Schemes Factsheet September 2026SBI Mutual Fund, Sep 2026
Statement of additional information
- SAI SBI Mutual FundSBI Mutual Fund, Sep 2026
Annual report
- Scheme Annual Report 2025-26 (annual report 2025-26)SBI Mutual Fund, Mar 2026
- SBI GILT FUND (abridged annual report 2025-26)SBI Mutual Fund, Mar 2026
- SBI FIXED MATURITY PLAN (FMP)- SERIES 60 (abridged annual report 2025-26)SBI Mutual Fund, Mar 2026
- SBI LONG TERM ADVANTAGE FUND - SERIES III (abridged annual report 2025-26)SBI Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure On Changes In Riskometer Levels 2025-26SBI Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap Disclosure - September 2026SBI Mutual Fund, Sep 2026