HDFC Ultra Short Term Fund

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

The HDFC Ultra Short Term Fund is a 7 yrs 1 m old fund and has delivered average annual returns of 6.33% since inception. HDFC Ultra Short Term Fund Returns 1-Year 3-Year 5-Year Since Inception 7.14% 7.16% 5.78% 6.33%

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

The HDFC Ultra Short Term Fund has an expense ratio of 0.7% , 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 Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹15.4441+0.05% 1 day change	6.33% p.a.	App exclusive #NA View Ranked Funds	₹16,700 Cr

Historical NAV & returns

NAV: ₹15.4441 as on Oct 20, 2025

This fund Category average

HDFC Ultra Short Term Fund overview

AUM (Fund size)	₹16,700 Cr
Exit load	0%
Lock-in Period	Nil
Age	7 yrs 1 m since Sep 18, 2018
Benchmark	CRISIL Ultra Short Duration Debt A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.7% as on Sep 30, 2025
Plan type	Regular
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HDFC Ultra Short Term 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 Oct 25, 2025

Period	This fund	Category average
1 Month	0.5%	0.47%
3 Months	1.41%	1.36%
6 Months	3.19%	3.07%
1 Year	7.14%	6.88%
2 Years	7.27%	6.98%
3 Years	7.16%	6.87%
4 Years	6.33%	6.07%
5 Years	5.78%	5.57%
7 Years	6.3%	5.85%

Asset allocationas on Sep 30, 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

AAA 41.68%

A1+ 39.99%

SOV 12.13%

AA 7.37%

Top Debt Holdings

Reserve Bank of India 8.64%

Bank Of Baroda 8.58%

Bharti Telecom Ltd. 4.62%

Punjab National Bank 3.35%

Allocation by Instruments

Certificate of Deposit 31.169999999999995%

Debenture 25.559999999999995%

Non Convertible Debenture 12.01%

Commercial Paper 8.82%

Other Holdings

Others 0.29%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Ultra Short Term Fund	0.5%	3.19%	7.14%	7.16%	5.78%	N.A.
ICICI Prudential Ultra Short Term Fund	0.5%	3.3%	7.26%	7.2%	5.93%	6.92%
Mahindra Manulife Ultra Short Duration Fund	0.47%	3.11%	7.0%	7.05%	5.63%	3.43%
WhiteOak Capital Ultra Short Duration Fund	0.43%	2.89%	6.57%	6.59%	5.38%	3.31%
HSBC Ultra Short Duration Fund	0.49%	3.17%	7.14%	7.17%	5.76%	3.27%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Ultra Short Term Fund	0.26	0.65	2.32	4.32
ICICI Prudential Ultra Short Term Fund	0.27	0.65	2.4	4.46
Mahindra Manulife Ultra Short Duration Fund	0.24	0.57	2.18	3.83
WhiteOak Capital Ultra Short Duration Fund	0.24	0.58	0.38	0.64
HSBC Ultra Short Duration Fund	0.26	0.64	2.47	4.16

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Ultra Short Term Fund	N.A.	16,700 Cr	7 yrs 1 m	0.7%
ICICI Prudential Ultra Short Term Fund	N.A.	14,697 Cr	14 yrs 6 m	0.8%
Mahindra Manulife Ultra Short Duration Fund	N.A.	208 Cr	6 yrs	0.7%
WhiteOak Capital Ultra Short Duration Fund	N.A.	531 Cr	6 yrs 5 m	1.03%
HSBC Ultra Short Duration Fund	N.A.	2,496 Cr	5 yrs 9 m	0.35%

View all Ultra Short Duration funds

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

Alpha	1.78 vs. 2.47 Underperformed at beating benchmark
Sharpe	2.32 vs. 2.73 Poor risk-adjusted returns
Beta	0.65 vs. 0.96 Less sensitive to market ups & downs
Standard deviation	0.26 vs. 0.2 More volatile performance

Compare HDFC Ultra Short Term Fund in detail with

About this fund

About HDFC Ultra Short Term Fund

HDFC Ultra Short Term Fund is a Ultra Short Duration mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 7 yrs 1 m, having been launched on 18/09/2018. HDFC Ultra Short Term Fund has ₹16,700 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Ultra Short Term Fund as of 20/10/2025 is ₹15.44. The fund has an expense ratio of 0.7%, which is higher than what most other Ultra Short Duration funds charge.

HDFC Ultra Short Term Fund returns of last 1-year are 7.18%. Since launch, it has delivered 6.34% average annual returns.
HDFC Ultra Short Term 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 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 Reserve Bank of India, Bank Of Baroda, Bharti Telecom Ltd., Punjab National Bank, Canara Bank.

...

Fund AUM	16,700 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Anil Bamboli

Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI. Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Amar Kalkundrikar

Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.

Praveen Jain

Mr. Jain has done CA and CFA Prior to joining HDFC Mutual Fund, he has worked with Larsen & Toubro Ltd and Tata Motors

Investment objective

The scheme seeks to generate income / capital appreciation through investment in debt securities and money market instruments.

HDFC Mutual Fund details

No. of schemes	78 view all schemes
Total AUM	8,93,028 Cr as on Sep 30, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

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HDFC Nifty G-Sec Sep 2032 Index	N.A.	654 Cr	8.46%	N.A.
HDFC Floating Rate Debt Fund	N.A.	15,446 Cr	8.04%	7.96%
HDFC Corporate Bond Fund	N.A.	35,574 Cr	7.89%	7.96%
HDFC NIFTY G-Sec Jun 2036 Index Fund	N.A.	966 Cr	7.63%	N.A.

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Ultra Short Term Fund?

The current Net Asset Value (NAV) of the HDFC Ultra Short Term Fund plan is approximately ₹15.4441 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HDFC Ultra Short Term Fund is a 7 yrs 1 m old fund and has delivered average annual returns of 6.33% since inception.

HDFC Ultra Short Term Fund Returns

1-Year	3-Year	5-Year	Since Inception
7.14%	7.16%	5.78%	6.33%

How much does this mutual fund charge as expense ratio?

The HDFC Ultra Short Term Fund has an expense ratio of 0.7%, 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 HDFC Ultra Short Term Fund currently has assets under management (AUM) or fund size valued at approximately 16,700 Cr as on Sep 30, 2025.

To whom does HDFC Ultra Short Term Fund lend to?

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

Holding Name	Percentage of Portfolio
Reserve Bank of India	8.64%
Bank Of Baroda	8.58%
Bharti Telecom Ltd.	4.62%

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 HDFC Ultra Short Term Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	41.68%
A1+	39.99%
SOV	12.13%

What is risk level of HDFC Ultra Short Term 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 can I redeem my investments in HDFC Ultra Short Term Fund?

Redeeming your investments in the HDFC Ultra Short Term 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.