ICICI Prudential Ultra Short Term Fund Direct Growth

ICICI Prudential Ultra Short Term Fund Direct Growth

NAV as on 17-04-2025

₹ 29.52

Inception Returns

8.1%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
768 people have invested ₹ 6.4Cr in ICICI Prudential Ultra Short Term Fund Direct Growth in the last three months

About ICICI Prudential Ultra Short Term Fund Direct Growth

ICICI Prudential Ultra Short Term Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Manish Banthia, Ritesh Lunawat. This fund is suitable to keep your money safe.

Key Parameters

  1. ICICI Prudential Ultra Short Term Fund Direct Growth has ₹12674 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

ICICI Prudential Ultra Short Term Fund Direct Growth has given a CAGR return of 8.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.93%, 7.24% and 6.54% respectively.

Holdings

ICICI Prudential Ultra Short Term Fund Direct Growth has allocated its funds majorly in Corporate, Energy, Industrial, Government, Cash Equivalent, Financial Services, Basic Materials, Health. Its top holdings are 7.3% Govt Stock 2028, 182 Days Tbill, LIC Housing Finance Limited, Bharti Telecom Limited, National Bank For Agriculture And Rural Development

Taxation

As it is a ultra short duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of ICICI Prudential Ultra Short Term Fund Direct Growth

To generate income through investments in a range of debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. ICICI Prudential Ultra Short Term Fund Direct Growth has no lock in period.

ICICI Prudential Ultra Short Term Fund Direct Growth Overview

Expense ratio0.39%
Benchmark
NIFTY Ultra Short Duration Debt TR INR
AUM₹12674 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
196.76%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (17-Apr-25)

Period
ICICI Prudential Ultra Short Term Fund Direct Growth
Ultra Short Duration Index
1M
1%
0.7%
3M
2.2%
1.8%
6M
4%
3.3%
1Y
7.9%
6.8%
3Y
7.2%
6.4%
5Y
6.5%
5.5%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
78.7%

AA
21.3%

Sector Allocation

Mar'25

Feb'25

Jan'25

Corporate
59.5%
Government
20.6%
Cash Equivalent
19.9%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 12.7K Cr
₹ 13.6K Cr
₹ 14.2K Cr
  • AUM of the fund stands at 12.7K Cr as of Mar'25
  • AUM decreased by 915.6 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Small Industries Development Bank Of India's allocation increased from 0.57% to 2.77%
Small Industries Development Bank Of India's allocation increased from 0.57% to 2.77%
National Bank For Agriculture And Rural Development's allocation increased from 0.18% to 1.89%
National Bank For Agriculture And Rural Development's allocation increased from 0.18% to 1.89%
Rural Electrification Corporation Limited's allocation increased from 0.07% to 1.74%
Rural Electrification Corporation Limited's allocation increased from 0.07% to 1.74%
Top Stocks sold last month
LIC Housing Finance Limited's allocation decreased from 5.26 % to 3.22 %
LIC Housing Finance Limited's allocation decreased from 5.26 % to 3.22 %
Bharti Telecom Limited's allocation decreased from 5.26 % to 2.42 %
Bharti Telecom Limited's allocation decreased from 5.26 % to 2.42 %
LIC Housing Finance Limited's allocation decreased from 5.26 % to 1.66 %
LIC Housing Finance Limited's allocation decreased from 5.26 % to 1.66 %
Cash allocation has gone down from 55% to 44.3%
Cash allocation has gone down from 55% to 44.3%
Debt allocation has gone up from 44.8% to 55.4%
Debt allocation has gone up from 44.8% to 55.4%

Top 3 Sectors in March were Corporate, Energy & Industrial

Mar'25
Corporate
59%
Energy
40%
Industrial
28%
Feb'25
Corporate
55%
Energy
40%
Industrial
28%
  • Debt & Cash

Holdings
Weight%
1M Change
7.3% Govt Stock 2028
7.3% Govt Stock 2028
4.6%
0%
182 Days Tbill
182 Days Tbill
3.83%
100%
LIC Housing Finance Limited
LIC Housing Finance Limited
3.44%
0%
Bharti Telecom Limited
Bharti Telecom Limited
2.77%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
2.41%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
ICICI Prudential Ultra Short Term Fund Direct Growth
ICICI Prudential Ultra Short Term Fund Direct Growth
7.93%
7.24%
6.54%
8.07%
Aditya Birla Sun Life Savings Fund Direct Plan Growth
Aditya Birla Sun Life Savings Fund Direct Plan Growth
8.12%
7.26%
6.48%
7.77%
Nippon India Ultra Short Duration Fund Direct Growth Option
Nippon India Ultra Short Duration Fund Direct Growth Option
8.12%
7.41%
7.29%
7.24%
HDFC Ultra S/T Fund Direct Growth
HDFC Ultra S/T Fund Direct Growth
7.89%
7.1%
6.22%
6.66%
Loading...
We are taking more time than usual
Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Ultra Short Term Fund Direct Growth, since 15 November 2016
Ritesh Lunawat
Ritesh Lunawat
Fund Manager of ICICI Prudential Ultra Short Term Fund Direct Growth, since 15 June 2017
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.04L Cr
as on 31-Mar-2025
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 6.1% drop in AUM moving from 13.50K Cr to 12.67K Cr.
Insights icon
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.41% return, outperforming this fund by 0.17% per annum.
Insights icon
In the last 1 year, Aditya Birla Sun Life Savings Fund Direct Plan Growth has given 8.12% return, outperforming this fund by 0.19%.
Insights icon
In the last 5 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.29% return, outperforming this fund by 0.75% per annum.
Insights icon
This fund expense ratio is slightly on the lower side within the category (ultra short duration). Its expense ratio is 0.39% which is lower than the category average expense ratio of 0.56%.

ICICI Prudential Ultra Short Term Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.07% since inception which is more than its category average return of 7.85%
AUM size ₹12674 Cr

AUM size ₹12674 Cr

This fund has AUM of ₹12674 Cr which is more than its category average of ₹ 3715 Cr
Expense Ratio 0.39%

Expense Ratio 0.39%

This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.62%

Frequently Asked Questions for ICICI Prudential Ultra Short Term Fund Direct Growth

The current NAV of ICICI Prudential Ultra Short Term Fund Direct Growth is ₹29.52 as on 17-Apr-2025.
Existing (Absolute + CAGR) as on 17-Apr-2025.
ICICI Prudential Ultra Short Term Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.05%
1.05%
6 Month Returns
4.02%
4.02%
1 Year Returns
7.93%
7.93%
3 Years Returns
23.32%
7.24%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.39% as on March 2025
₹12674 Cr as on March 2025
7.3% Govt Stock 2028(4.6%), 182 Days Tbill(3.83%), LIC Housing Finance Limited(3.44%), Bharti Telecom Limited(2.77%), National Bank For Agriculture And Rural Development(2.41%) as on March 2025
Corporate(59.48%), Government(20.57%), Cash Equivalent(19.95%) as on March 2025
Yield to Maturity is 7.53 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.44 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
78.71
AA
21.29
Manish Banthia, Ritesh Lunawat are the fund managers of ICICI Prudential Ultra Short Term Fund Direct Growth
The Exit load of ICICI Prudential Ultra Short Term Fund Direct Growth is 0%