DSP Ultra Short Fund

Q: What are the returns of this mutual fund scheme?

The DSP Ultra Short Fund is a 19 yrs 6 m old fund and has delivered average annual returns of 6.65% since inception. DSP Ultra Short Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.37% 6.68% 5.47% 5.75% 6.65%

Q: How much does this mutual fund charge as expense ratio?

The DSP Ultra Short Fund has an expense ratio of 1.01% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹3512.3494+0.04% 1 day change	6.65% p.a.	App exclusive #NA View Ranked Funds	₹3,972 Cr

Historical NAV & returns

NAV: ₹3512.3494 as on Feb 02, 2026

This fund Category average

DSP Ultra Short Fund overview

AUM (Fund size)	₹3,972 Cr
Exit load	0%
Lock-in Period	Nil
Age	19 yrs 6 m since Jul 24, 2006
Benchmark	CRISIL Ultra Short Duration Debt A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.01% as on Feb 02, 2026
Plan type	Regular
Risk	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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.21%	0.28%
3 Months	1.1%	1.09%
6 Months	2.44%	2.51%
1 Year	6.37%	6.36%
2 Years	6.62%	6.76%
3 Years	6.68%	6.79%
4 Years	6.09%	6.25%
5 Years	5.47%	5.67%
7 Years	5.54%	5.86%
10 Years	5.75%	6.84%

Asset allocationas on Dec 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+ 40.91%

AAA 31.55%

SOV 12.34%

AA+ 9.84%

Top Debt Holdings

Bank Of Baroda 8.62%

HDFC Bank Ltd. 6.11%

Reserve Bank of India 6.09%

REC Ltd. 4.56%

Allocation by Instruments

Certificate of Deposit 34.74%

Debenture 23.999999999999996%

Non Convertible Debenture 14.969999999999999%

Bonds/NCDs 6.510000000000001%

Other Holdings

Others 0.28%

Roadstar Infra Investment Trust 0.13%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
DSP Ultra Short Fund	0.21%	2.44%	6.37%	6.68%	5.47%	5.75%
Mirae Asset Ultra Short Duration Fund	0.25%	2.75%	6.81%	7.22%	6.03%	3.07%
ICICI Prudential Ultra Short Term Fund	0.28%	2.74%	6.8%	7.07%	6.02%	6.89%
Mahindra Manulife Ultra Short Duration Fund	0.25%	2.57%	6.46%	6.9%	5.75%	3.57%
WhiteOak Capital Ultra Short Duration Fund	0.2%	2.35%	6.02%	6.44%	5.5%	3.43%
Baroda BNP Paribas Ultra Short Duration Fund	0.25%	2.65%	6.65%	7.12%	6.07%	4.77%

Fund name	Std. deviation	Beta	Sharpe	Sortino
DSP Ultra Short Fund	0.34	0.48	0.97	1.26
Mirae Asset Ultra Short Duration Fund	0.32	0.49	2.67	3.21
ICICI Prudential Ultra Short Term Fund	0.31	0.45	2.24	3.18
Mahindra Manulife Ultra Short Duration Fund	0.31	0.47	1.76	2.07
WhiteOak Capital Ultra Short Duration Fund	0.31	0.48	0.34	0.4
Baroda BNP Paribas Ultra Short Duration Fund	0.33	0.49	2.32	2.9

Fund name	ETM Rank	AUM	Fund age	Expense ratio
DSP Ultra Short Fund	N.A.	3,972 Cr	19 yrs 6 m	1.01%
Mirae Asset Ultra Short Duration Fund	N.A.	2,067 Cr	5 yrs 4 m	0.46%
ICICI Prudential Ultra Short Term Fund	N.A.	16,907 Cr	14 yrs 9 m	0.79%
Mahindra Manulife Ultra Short Duration Fund	N.A.	219 Cr	6 yrs 3 m	0.7%
WhiteOak Capital Ultra Short Duration Fund	N.A.	574 Cr	6 yrs 8 m	1.02%
Baroda BNP Paribas Ultra Short Duration Fund	N.A.	765 Cr	7 yrs 8 m	0.49%

View all Ultra Short Duration funds

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

Alpha	1.23 vs. 2.31 Underperformed at beating benchmark
Sharpe	0.97 vs. 2.34 Poor risk-adjusted returns
Beta	0.48 vs. 1.0 Less sensitive to market ups & downs
Standard deviation	0.34 vs. 0.25 More volatile performance

Compare DSP Ultra Short Fund in detail with

About this fund

About DSP Ultra Short Fund

DSP Ultra Short Fund is a Ultra Short Duration mutual fund scheme from Dsp Mutual Fund. This fund has been in existence for 19 yrs 6 m, having been launched on 24/07/2006. DSP Ultra Short Fund has ₹3,972 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of DSP Ultra Short Fund as of 02/02/2026 is ₹3512.35. The fund has an expense ratio of 1.01%, which is higher than what most other Ultra Short Duration funds charge.

DSP Ultra Short Fund returns of last 1-year are 6.39%. Since launch, it has delivered 6.65% average annual returns. The fund has doubled the money invested in it every 12 yrs.
DSP Ultra Short Fund 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 high indicating it has lent to borrowers whose quality is great. 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 Bank Of Baroda, HDFC Bank Ltd., Reserve Bank of India, REC Ltd., GOI.

...

Fund AUM	3,972 Cr as on Dec 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	2,24,669 Cr as on Dec 31, 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 CRISIL-IBX 50:50 Gilt Plus SDL - April 2033 Index Fund	N.A.	323 Cr	5.83%	7.72%
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund	N.A.	2,034 Cr	7.57%	7.68%
DSP Nifty SDL Plus G-Sec Sep 2027 50:50 Index Fund	N.A.	88 Cr	7.39%	7.62%

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 plan is approximately ₹3512.3494 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The DSP Ultra Short Fund is a 19 yrs 6 m old fund and has delivered average annual returns of 6.65% since inception.

DSP Ultra Short Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.37%	6.68%	5.47%	5.75%	6.65%

How much does this mutual fund charge as expense ratio?

The DSP Ultra Short Fund has an expense ratio of 1.01%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 3,972 Cr as on Dec 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
Bank Of Baroda	8.62%
HDFC Bank Ltd.	6.11%
Reserve Bank of India	6.09%

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+	40.91%
AAA	31.55%
SOV	12.34%

What is risk level of DSP Ultra Short Fund?

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

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

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

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

Redeeming your investments in the DSP Ultra Short Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested 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

Return Outperformance: This fund has generated highest return amongst Ultra Short Duration funds in the last 1 Year.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
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.