Tata Ultra Short Term Fund Direct - Growth

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

The Tata Ultra Short Term Fund Direct - Growth is a 6 yrs 9 m old fund and has delivered average annual returns of 6.39% since inception. Tata Ultra Short Term Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception 7.66% 7.62% 6.21% 6.39%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹15.2021+0.05% 1 day change	6.39% p.a.	App exclusive #NA View Ranked Funds	₹4,015 Cr

Historical NAV & returns

NAV: ₹15.2021 as on Oct 20, 2025

This fund Category average

Tata Ultra Short Term Fund overview

Expense ratio	0.29% as on Sep 30, 2025
Exit load	0%
AUM (Fund size)	₹4,015 Cr
Lock-in Period	Nil
Age	6 yrs 9 m since Jan 11, 2019
Benchmark	CRISIL Ultra Short Duration Debt A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Tata 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 17, 2025

Period	This fund	Category average
1 Month	0.52%	0.5%
3 Months	1.53%	1.49%
6 Months	3.42%	3.33%
1 Year	7.66%	7.44%
2 Years	7.73%	7.53%
3 Years	7.62%	7.42%
4 Years	6.79%	6.6%
5 Years	6.21%	6.1%

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

A1+ 48.17%

AAA 27.91%

SOV 16.17%

AA+ 12.63%

Top Debt Holdings

Reserve Bank of India 16.17%

HDFC Bank Ltd. 7.9%

Small Industries Devp. Bank of India Ltd. 6.88%

Bank Of Baroda 6.72%

Allocation by Instruments

Certificate of Deposit 40.25999999999999%

Debenture 23.17%

Treasury Bills 16.17%

Non Convertible Debenture 16.14%

Other Holdings

Others 0.29%

Detailed portfolio analysis

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

Alpha	2.13 vs. 3.06 Underperformed at beating benchmark
Sharpe	4.19 vs. 3.27 Better risk-adjusted return
Beta	0.61 vs. 2.37 Less sensitive to market ups & downs
Standard deviation	0.25 vs. 0.2 More volatile performance

Compare Tata Ultra Short Term Fund in detail with

About this fund

About Tata Ultra Short Term Fund

Tata Ultra Short Term Fund Direct - Growth is a Ultra Short Duration mutual fund scheme from Tata Mutual Fund. This fund has been in existence for 6 yrs 9 m, having been launched on 11/01/2019. Tata Ultra Short Term Fund Direct - Growth has ₹4,015 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 Tata Ultra Short Term Fund Direct - Growth as of 20/10/2025 is ₹15.20. The fund has an expense ratio of 0.29%, which is close to what most other Ultra Short Duration funds charge.

Tata Ultra Short Term Fund Direct - Growth returns of last 1-year are 7.71%. Since launch, it has delivered 6.40% average annual returns.
Tata Ultra Short Term Fund Direct - 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 above 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, HDFC Bank Ltd., Small Industries Devp. Bank of India Ltd., Bank Of Baroda, Axis Bank Ltd..

...

Fund AUM	4,015 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Akhil Mittal

Mr. Mittal is B.Com (H) and MBA from University Business School. Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.

Abhishek Sonthalia

Mr. Sonthalia has done B. Com, Management Programme from NITIE and CFA Charter holder. Prior to joining Tata Mutual Fund, he has worked with CRISIL Ltd. and TCS.

Investment objective

The scheme seeks to generate returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.

Tata Mutual Fund details

No. of schemes	61 view all schemes
Total AUM	2,17,939 Cr as on Sep 30, 2025
Address	9th Floor, Mafatlal Centre, Nariman Point, Mumbai, 400021
Email	service@tataamc.com
Phone	1800-209-0101

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Tata Money Market Fund	N.A.	38,808 Cr	7.87%	7.84%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Tata Ultra Short Term Fund Direct - Growth?

The current Net Asset Value (NAV) of the Tata Ultra Short Term Fund - Direct Growth plan is approximately ₹15.2021 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The Tata Ultra Short Term Fund Direct - Growth is a 6 yrs 9 m old fund and has delivered average annual returns of 6.39% since inception.

Tata Ultra Short Term Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
7.66%	7.62%	6.21%	6.39%

How much does this mutual fund charge as expense ratio?

The Tata Ultra Short Term Fund - Direct Growth has an expense ratio of 0.29%, 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 Tata Ultra Short Term Fund currently has assets under management (AUM) or fund size valued at approximately 4,015 Cr as on Sep 30, 2025.

To whom does Tata Ultra Short Term Fund lend to?

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

Holding Name	Percentage of Portfolio
Reserve Bank of India	16.17%
HDFC Bank Ltd.	7.9%
Small Industries Devp. Bank of India Ltd.	6.88%

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

Credit Quality	Percentage of Portfolio
A1+	48.17%
AAA	27.91%
SOV	16.17%

What is risk level of Tata Ultra Short Term 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 do I invest in Tata Ultra Short Term Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Tata Ultra Short Term Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Tata Ultra Short Term Fund is complete.

How can I redeem my investments in Tata Ultra Short Term Fund?

Redeeming your investments in the Tata 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.

ET Money rank

App exclusive

in Ultra Short Duration

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return Outperformance: This fund has generated highest return amongst Ultra Short Duration funds in the last 5 Years.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.