Ultra Short Duration funds: yield and credit quality
What every ultra short duration fund's bonds yield, how much rates move it, and how its money is rated, from August 2026 portfolios.
These figures are from August 2026 portfolios.
Fund houses have published newer portfolios since, which are not yet in our data, so yields, duration and ratings may have changed. Check the fund's latest factsheet before investing.
Average yield to maturity
7.01%
6.16% after costs
Average modified duration
0.41 yrs
about −0.4% if rates rise 1%
Highest yield after costs
6.85%
Mirae Asset Ultra Short-Term Fund
Average credit quality
83%
Sovereign or AAA
Regular plan, Growth option. Yield and ratings are the portfolio's; the plan changes only the expense ratio.
| Fund | Credit qualityshare of the fund | ||||||
|---|---|---|---|---|---|---|---|
| Category average | 7.01% | 6.16% | 0.41 yrs | 0.47 yrs | 13.7% | ||
| 7.54% | 6.85% | 0.50 yrs | 0.81 yrs | 22.1% | ₹1,808 Cr | ||
| 7.31% | 6.73% | 0.48 yrs | 0.57 yrs | 38.8% | ₹16,279 Cr | ||
| 7.33% | 6.62% | 0.47 yrs | 0.66 yrs | 17.6% | ₹15,675 Cr | ||
| 7.41% | 6.59% | 0.37 yrs | 0.50 yrs | 20.0% | ₹15,261 Cr | ||
| 7.33% | 6.53% | 0.43 yrs | 0.58 yrs | 18.9% | ₹15,236 Cr | ||
| 6.89% | 6.40% | 0.39 yrs | 0.42 yrs | 2.2% | ₹4,098 Cr | ||
| 7.09% | 6.40% | 0.43 yrs | 0.44 yrs | 0.0% | ₹896 Cr | ||
| 6.82% | 6.39% | 0.37 yrs | 0.39 yrs | 8.1% | ₹596 Cr | ||
| 6.73% | 6.35% | 0.46 yrs | 0.49 yrs | 0.4% | ₹2,733 Cr | ||
| 6.91% | 6.34% | 0.33 yrs | 0.54 yrs | 22.2% | ₹11,237 Cr | ||
| 7.12% | 6.33% | 0.38 yrs | 0.40 yrs | 18.7% | ₹1,394 Cr | ||
| 7.01% | 6.30% | 0.30 yrs | 0.59 yrs | 9.8% | ₹300 Cr | ||
| 7.29% | 6.30% | 0.44 yrs | 0.54 yrs | 27.6% | ₹3,017 Cr | ||
| 7.00% | 6.27% | 0.45 yrs | 0.50 yrs | 19.1% | ₹205 Cr | ||
| 7.27% | 6.21% | 0.45 yrs | 0.58 yrs | 33.3% | ₹11,551 Cr | ||
| 6.94% | 6.12% | 0.39 yrs | 0.42 yrs | 7.6% | ₹549 Cr | ||
| 7.13% | 6.12% | 0.56 yrs | 0.00 yrs | 18.3% | ₹4,425 Cr | ||
| 7.14% | 6.03% | 0.45 yrs | 0.60 yrs | 21.8% | ₹5,404 Cr | ||
| 7.25% | 5.99% | 0.43 yrs | 0.48 yrs | 26.1% | ₹4,996 Cr | ||
| 6.90% | 5.98% | 0.38 yrs | 0.40 yrs | 0.3% | ₹529 Cr | ||
| 6.66% | 5.75% | 0.35 yrs | 0.36 yrs | 0.4% | ₹167 Cr | ||
| 6.66% | 5.64% | 0.43 yrs | 0.43 yrs | 4.4% | ₹196 Cr | ||
| 7.00% | 5.61% | 0.40 yrs | 0.40 yrs | 6.2% | ₹2,108 Cr | ||
| 6.45% | 5.52% | 0.31 yrs | 0.33 yrs | 11.4% | ₹232 Cr | ||
| 6.82% | 5.44% | 0.36 yrs | 0.36 yrs | 1.2% | ₹1,420 Cr | ||
| 6.39% | 5.28% | 0.34 yrs | 0.36 yrs | 0.3% | ₹534 Cr |
26 funds. Red in Below AAA: 10% or more rated A or lower, or unrated. Hover a credit bar for the split. Click a heading to sort.
What is the yield to maturity of a ultra short duration fund?
The yearly return the fund's bonds would earn if each were held to maturity at today's prices and paid in full. Take away the expense ratio for a rough guide to what an investor keeps if interest rates stay where they are. It is not a promised return: rates change, and so do the bonds the fund holds.
What does modified duration tell me?
How much the NAV moves when interest rates move. A fund with a modified duration of 4 years would fall about 4% if rates rose by 1%, and gain about 4% if they fell by 1%. Overnight and liquid funds sit near zero; gilt and long duration funds can be 7 to 10.
How is credit quality grouped?
From the ratings in each fund's latest portfolio: Sovereign (government securities and T-bills), AAA and A1+ (the highest long and short-term ratings), AA (including short-term A1), A and below, and unrated. What the ratings do not cover, such as cash and REITs, is shown as Cash and other.
How current are these figures?
They come from each fund's portfolio disclosure as received from our data provider, and the page names the month. Yield, duration and ratings only change when a fund house publishes a new portfolio, so they are not daily figures. When a newer disclosure should already be out and is not yet in our data, the page says so.
Is a higher yield better?
A higher yield is usually paid for with lower-rated bonds or longer duration. Read it beside the Below AAA share and the duration: two funds with the same yield can carry very different risks.
Portfolio figures from our data provider, PulseLabs, as disclosed by each fund house. Yield to maturity is not a guaranteed return. Past performance does not indicate future returns.