DSP Ultra Short Fund Regular Plan-Growth

Q: What are the returns of DSP Ultra Short Fund?

The DSP Ultra Short Fund is a 19 yrs 1 m old fund and has delivered average annual returns of 6.68% since inception. DSP Ultra Short Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.07% 6.72% 5.29% 5.82% 6.68%

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹3441.15+0.01% 1 day change	6.68% p.a.	App exclusive #NA View Ranked Funds	₹4,011 Cr

Historical NAV & returns

NAV: ₹3441.15 as on Sep 03, 2025

This fund Category average

DSP Ultra Short Fund overview

Expense ratio	1.04% as on Aug 31, 2025
Plan type	Regular
Exit load	0%
AUM (Fund size)	₹4,011 Cr
Lock-in Period	Nil
Age	19 yrs 1 m since Jul 24, 2006
Benchmark	CRISIL Ultra Short Duration Debt A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

DSP Ultra Short Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Sep 04, 2025

Period	This fund	Category average
1 Month	0.36%	0.4%
3 Months	1.38%	1.48%
6 Months	3.61%	3.62%
1 Year	7.07%	7.09%
2 Years	7.0%	7.01%
3 Years	6.72%	6.79%
4 Years	5.83%	5.99%
5 Years	5.29%	5.52%
7 Years	5.4%	5.71%
10 Years	5.82%	6.14%

Asset allocationas on May 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 64.42%

AAA 16.55%

SOV 12.04%

AA+ 4.82%

Top Debt Holdings

Axis Bank Ltd. 9.78%

HDFC Bank Ltd. 7.27%

Canara Bank 7.26%

Reserve Bank of India 6.46%

Allocation by Instruments

Bifurcation by Instrument is not available for this fund

Other Holdings

Others 2.42%

Roadstar Infra Investment Trust 0.13%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
DSP Ultra Short Fund	N.A.	4,011 Cr	19 yrs 1 m	1.04%
ICICI Prudential Ultra Short Term Fund	N.A.	16,269 Cr	14 yrs 4 m	0.8%
Sundaram Ultra Short Duration Fund	N.A.	2,551 Cr	17 yrs 8 m	1.48%
Axis Ultra Short Duration Fund	N.A.	6,122 Cr	7 yrs	1.2%
WhiteOak Capital Ultra Short Duration Fund	N.A.	475 Cr	6 yrs 3 m	1.02%
Tata Ultra Short Term Fund	N.A.	4,684 Cr	6 yrs 7 m	1.14%

Fund name	1M	6M	1Y	3Y	5Y	10Y
DSP Ultra Short Fund	0.36%	3.61%	7.07%	6.72%	5.29%	5.82%
ICICI Prudential Ultra Short Term Fund	0.42%	3.84%	7.43%	7.1%	5.93%	6.99%
Sundaram Ultra Short Duration Fund	0.34%	3.27%	6.38%	6.14%	4.75%	5.18%
Axis Ultra Short Duration Fund	0.38%	3.59%	6.98%	6.67%	5.38%	4.05%
WhiteOak Capital Ultra Short Duration Fund	0.38%	3.45%	6.83%	6.53%	5.31%	3.23%
Tata Ultra Short Term Fund	0.41%	3.52%	7.0%	6.63%	5.3%	3.66%

Fund name	Std. deviation	Beta	Sharpe	Sortino
DSP Ultra Short Fund	0.33	0.73	0.63	0.86
ICICI Prudential Ultra Short Term Fund	0.3	0.72	1.86	2.82
Sundaram Ultra Short Duration Fund	0.28	0.67	-1.21	-1.89
Axis Ultra Short Duration Fund	0.29	0.72	0.57	0.83
WhiteOak Capital Ultra Short Duration Fund	0.27	0.65	0.07	0.1
Tata Ultra Short Term Fund	0.27	0.68	0.44	0.59

View all Ultra Short Duration funds

Key risk & return ratios Compared to other funds in the category

Alpha	1.56 vs. 2.72 Underperformed at beating benchmark
Sharpe	0.63 vs. 2.23 Poor risk-adjusted returns
Beta	0.73 vs. 0.98 Less sensitive to market ups & downs
Standard deviation	0.33 vs. 0.23 More volatile performance

Compare DSP Ultra Short Fund in detail with

About this fund

About DSP Ultra Short Fund

DSP Ultra Short Fund Regular Plan-Growth is a Ultra Short Duration mutual fund scheme from Dsp Mutual Fund. This fund has been in existence for 19 yrs 1 m, having been launched on 24/07/2006. DSP Ultra Short Fund Regular Plan-Growth has ₹4,011 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of DSP Ultra Short Fund Regular Plan-Growth as of 03/09/2025 is ₹3441.15. The fund has an expense ratio of 1.04%, which is higher than what most other Ultra Short Duration funds charge.

DSP Ultra Short Fund Regular Plan-Growth returns of last 1-year are 7.09%. Since launch, it has delivered 6.68% average annual returns. The fund has doubled the money invested in it every 12 yrs.
DSP Ultra Short Fund Regular Plan-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Axis Bank Ltd., HDFC Bank Ltd., Canara Bank, Reserve Bank of India, Bank Of Baroda.

...

Fund AUM	4,011 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Karan Mundhra

Mr. Mundra is a B. COM. and Charted Accountant (CA) He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.

Shalini Vasanta

Mr. Vasanta has done BA and MBA (Finance) Prior to joining DSP Mutual Fund, he has worked with ICRA as Senior Analyst

Investment objective

The scheme aims to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities.

DSP Mutual Fund details

No. of schemes	54 view all schemes
Total AUM	1,98,256 Cr as on Jun 30, 2025
Address	NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road Junction Western Express Highway, Andheri East Mumbai, 400069
Phone	1800-208-4499 / 1800-200-4499

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DSP Credit Risk Fund	N.A.	210 Cr	21.85%	14.55%
DSP Income Plus Arbitrage Omni FoF	N.A.	684 Cr	7.28%	10.72%
DSP 10Y G-Sec Fund	N.A.	60 Cr	7.38%	7.59%
DSP Bond Fund	N.A.	312 Cr	8.23%	7.37%
DSP Banking & PSU Debt Fund	N.A.	4,104 Cr	7.3%	7.22%
DSP Savings Fund	N.A.	4,517 Cr	7.36%	7.15%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of DSP Ultra Short Fund?

The current Net Asset Value (NAV) of the DSP Ultra Short Fund - Direct Growth plan is approximately ₹3441.15 as of Sep 03, 2025.

What are the returns of this mutual fund scheme?

The DSP Ultra Short Fund is a 19 yrs 1 m old fund and has delivered average annual returns of 6.68% since inception.

DSP Ultra Short Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.07%	6.72%	5.29%	5.82%	6.68%

How much does this mutual fund charge as expense ratio?

The DSP Ultra Short Fund - Direct Growth has an expense ratio of 1.04%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The DSP Ultra Short Fund currently has assets under management (AUM) or fund size valued at approximately 4,011 Cr as on May 31, 2025.

To whom does DSP Ultra Short Fund lend to?

The top 3 debt holdings of DSP Ultra Short Fund are as follows

Holding Name	Percentage of Portfolio
Axis Bank Ltd.	9.78%
HDFC Bank Ltd.	7.27%
Canara Bank	7.26%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The DSP Ultra Short Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	64.42%
AAA	16.55%
SOV	12.04%

What is risk level of DSP Ultra Short Fund?

This is a Ultra Short Duration fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in DSP Ultra Short Fund?

DSP Ultra Short Fund Regular Plan-Growth is the regular plan of the fund. For this plan of you pay 1.04% as annual charges. On the other hand if you go for the direct plan available on ET Money, you pay 0.3%. That's 0.74% less.

Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.

So, the lower annual cost of the direct plan means you will earn 0.74% if you opt for direct plan of DSP Ultra Short Fund

How can I redeem my investments in DSP Ultra Short Fund?

Redeeming your investments in DSP Ultra Short Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in DSP Ultra Short Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Ultra Short Duration

#NA

Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.