Ultra Short Duration Mutual Funds
All 26 ultra short duration funds, Direct Growth plans, compared on returns, risk and cost. NAV as of 7 Oct 2026.
Category average
+7.2%
3-year return, annualised
Category average
+6.6%
5-year return, annualised
Category average
0.5%
Volatility, 3 years
Category average
0.30%
Expense ratio
Ultra Short Duration funds compared
Direct plan, Growth option. Returns as of 7 Oct 2026. Click a column heading to sort.
| Returns (3Y and 5Y annualised) | Consistency | Risk | Cost and size | |||||
|---|---|---|---|---|---|---|---|---|
| +6.9% | +7.6% | +7.0% | 7 of 10 | 0.5% | -0.2% | 0.34% | ₹12,447 Cr | |
| +6.7% | +7.5% | +6.8% | 8 of 8 | 0.5% | -0.2% | 0.36% | ₹6,074 Cr | |
| +7.0% | +7.5% | +6.8% | 6 of 7 | 0.5% | -0.2% | 0.33% | ₹6,495 Cr | |
| +6.6% | +7.5% | +6.8% | 8 of 10 | 0.6% | -0.3% | 0.32% | ₹18,819 Cr | |
| +6.6% | +7.4% | +6.8% | 10 of 10 | 0.5% | -0.2% | 0.41% | ₹15,974 Cr | |
| +6.7% | +7.4% | +6.7% | 5 of 6 | 0.5% | -0.2% | 0.23% | ₹2,066 Cr | |
| +6.7% | +7.4% | +6.7% | 5 of 10 | 0.5% | -0.2% | 0.30% | ₹4,599 Cr | |
| +6.6% | +7.2% | +6.7% | 4 of 8 | 0.5% | -0.3% | 0.29% | ₹666 Cr | |
| +6.6% | +7.3% | +6.7% | 7 of 10 | 0.5% | -0.2% | 0.40% | ₹3,348 Cr | |
| +6.7% | +7.3% | +6.7% | 7 of 10 | 0.5% | -0.3% | 0.27% | ₹1,497 Cr | |
| +6.5% | +7.3% | +6.7% | 4 of 10 | 0.5% | -0.2% | 0.23% | ₹2,416 Cr | |
| +6.6% | +7.3% | +6.6% | 4 of 7 | 0.5% | -0.2% | 0.31% | ₹222 Cr | |
| +6.5% | +7.2% | +6.6% | 5 of 10 | 0.5% | -0.3% | 0.36% | ₹15,962 Cr | |
| +6.4% | +7.2% | +6.6% | 5 of 8 | 0.5% | -0.2% | 0.39% | ₹17,465 Cr | |
| +6.5% | +7.2% | +6.6% | 2 of 6 | 0.5% | -0.2% | 0.18% | ₹3,628 Cr | |
| +6.3% | +7.1% | +6.5% | 3 of 7 | 0.5% | -0.2% | 0.34% | ₹211 Cr | |
| +6.4% | +7.2% | +6.5% | 3 of 10 | 0.5% | -0.3% | 0.35% | ₹11,880 Cr | |
| +6.5% | +7.2% | +6.5% | 2 of 8 | 0.5% | -0.3% | 0.30% | ₹4,180 Cr | |
| +6.4% | +7.1% | +6.4% | 0 of 5 | 0.4% | -0.2% | 0.21% | ₹165 Cr | |
| +6.4% | +7.0% | +6.4% | 1 of 7 | 0.5% | -0.2% | 0.27% | ₹584 Cr | |
| +6.5% | +7.1% | +6.3% | 1 of 10 | 0.5% | -0.2% | 0.36% | ₹582 Cr | |
| +6.7% | +7.3% | +6.3% | 1 of 7 | 0.5% | -0.1% | 0.25% | ₹678 Cr | |
| +6.4% | +6.9% | +6.3% | 2 of 10 | 0.5% | -0.2% | 0.45% | ₹184 Cr | |
| +6.2% | +6.4% | +5.8% | 0 of 10 | 0.4% | -0.2% | 0.25% | ₹524 Cr | |
| +6.5% | N/A | N/A | 1 of 2 | N/A | N/A | 0.29% | ₹281 Cr | |
| N/A | N/A | N/A | N/A | N/A | N/A | 0.12% | ₹897 Cr | |
Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Click a heading to sort by another figure. Top half, by year shows the fund's quartile in the category each calendar year from 2017 to 2026(green top quarter, grey second, amber third, red bottom; an outline means too young to rank) and how many of those years it finished in the top half. Returns over 3 years and longer are compounded annual returns. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. N/A means the fund is too young for that period.
What a ultra short duration fund is
Ultra short duration funds hold bonds and money market instruments with a portfolio Macaulay duration between 3 and 6 months.
Source: SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.
Investing from the UAE
NRIs living in the UAE can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada, or accept them only offline. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.
Questions
How are these ultra short duration funds ordered?
By 5-year annualised return, highest first. Funds younger than 5 years follow, ordered by 3-year return and then 1-year return. Every figure is worked out from each fund's own Direct Growth NAV, the same way for every fund. We do not label any fund as the best.
Can NRIs living in the UAE invest in ultra short duration funds?
Generally yes, once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept investments from residents of the United States or Canada, or accept them only offline, so check the fund house's current policy if that applies to you.
How are gains taxed for NRIs?
It depends on the fund's share of equity and on when your units were bought. For NRIs the fund house deducts tax when you redeem. The outcome depends on your tax residence and facts, so confirm your position with a tax adviser.
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