DebtUltra Short Duration FundRegularIDCWLow to Moderate

Invesco India Ultra Short Term Fund

Q: What is the NAV of Invesco India Ultra Short Term Fund?

As of 01 Oct 2026, the NAV of Invesco India Ultra Short Term Fund is ₹1,162.43 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Invesco India Ultra Short Term Fund delivered?

Invesco India Ultra Short Term Fund has returned +3.19% over 1 year, +1.87% per year over 3 years, +1.50% per year over 5 years and +0.95% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Invesco India Ultra Short Term Fund?

Invesco India Ultra Short Term Fund charges an expense ratio of 0.79% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Invesco India Ultra Short Term Fund?

Invesco India Ultra Short Term Fund's largest holdings are 7.96% Pipeline Infrastructure Private Limited 2027 (4.0%), Punjab National Bank 2027 (3.9%), Bank of Baroda 2026 (3.3%), Axis Bank Limited 2026 (3.3%) and Export Import Bank of India 2026 (3.3%). Holdings are disclosed monthly and change over time.

Q: How risky is Invesco India Ultra Short Term Fund?

Invesco India Ultra Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.1% and its worst peak-to-trough fall in our sample was -25.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.91 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Invesco India Ultra Short Term Fund's -0.91 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Invesco India Ultra Short Term Fund?

Invesco India Ultra Short Term Fund is benchmarked against the Nifty Ultra Short Duration Debt Index A-I. Its alpha and beta on this page are measured against that index.

Q: Who manages Invesco India Ultra Short Term Fund?

Invesco India Ultra Short Term Fund is managed by Krishna Cheemalapati and Vikas Garg at Invesco.

Q: How is Invesco India Ultra Short Term Fund taxed?

Invesco India Ultra Short Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Invesco Mutual Fund · Best Ultra Short Duration Mutual Funds

NAV

₹1,162.43

+0.03% 1D

as of 01 Oct 2026

This is the Regular plan of Invesco India Ultra Short Term Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed once a year, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+6.88% 3Y CAGR)

NAV history

+3.22%CAGR

52-week rangePrev NAV ₹1,162.07

Latest ₹1,162.43

Low ₹1,120.91100th percentile of its 52-week rangeHigh ₹1,162.43

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.

Performance—

Not enough Ultra Short Duration Fund peers to rank yet

Risk—

Volatility 5.1% (no category average yet)

Cost—

0.8% expense (no category average yet)

ConsistencyLow

69% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

No standout strengths identified.

Concerns

Positive in only 69% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.79%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.91

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Nifty Ultra Short Duration Debt Index A-I

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Jan 2011

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.48%

Absolute return over the last 3 months (not annualized)

+1.47%

Absolute return over the last 6 months (not annualized)

+3.46%

Absolute return since 1 Jan of this year (not annualized)

+1.81%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+3.19%

3-year annualized return (CAGR)

+1.87%

5-year annualized return (CAGR)

+1.50%

10-year annualized return (CAGR)

-0.67%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+0.95%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

5.06%

Excess return per unit of total volatility (rf = 6.5%)

-0.91

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.92

Largest peak-to-trough decline over full history

-25.65%

Benchmark ratios

Not shown for Ultra Short Duration Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Ultra Short Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.48%	—	—
3M abs	+1.47%	—	—
6M abs	+3.46%	—	—
1Y CAGR	+3.19%	—	—
3Y CAGR	+1.87%	—	—
5Y CAGR	+1.50%	—	—

Category average across peers in Ultra Short Duration Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.28L

Absolute

+4.70%

XIRR

+1.87%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Invesco India Ultra Short Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+1.81%
2025	-0.33%
2024	+2.60%
2023	+0.89%
2022	+1.82%
2021	-0.35%
2020	-2.96%
2019	+3.81%
2018	-20.24%
2017	+7.14%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

3,800

Expense ratio

0.79%

YTM (from holdings)

6.78%

Average maturity

147 days

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Ultra Short Duration Fund

Compare all


Invesco India Ultra Short Term FundThis fund Invesco · Regular · Annual IDCW	—	+3.19%	+1.87%	+1.50%	—	0.79%	—
Mirae Asset Ultra Short-Term Fund Mirae Asset · Regular · IDCW	—	+6.41%	+7.15%	+6.47%	—	0.68%	—
Bandhan Ultra Short Term Fund Bandhan · Regular · Periodic IDCW	—	+6.29%	+6.97%	+6.30%	—	—	—
SBI Ultra Short Term Fund SBI · Regular · IDCW	—	+6.21%	+6.93%	+6.27%	—	0.57%	—
UTI Ultra Short Term Fund UTI · Regular · Annual IDCW	—	+5.98%	+6.68%	+5.31%	—	0.99%	—
UTI Ultra Short Term Fund UTI · Regular · Flexi IDCW	—	+5.98%	+6.68%	+5.42%	—	—	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt86.10%
Cash & Equivalents13.90%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Punjab National Bank 2027

3.90%

Bank of Baroda 2026

3.29%

Axis Bank Limited 2026

3.28%

Export Import Bank of India 2026

3.28%

ICICI Bank Limited 2027

3.25%

Kotak Mahindra Bank Limited 2027

3.25%

Kotak Mahindra Bank Limited 2027

3.24%

Canara Bank 2027

3.23%

National Bank For Agriculture and Rural Development 2027

3.23%

HDFC Bank Limited 2027

3.23%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-25.6%15 Mar 2018 → 16 Mar 2018
Still below that high — 1 day down, and no recovery yet.
-6.9%15 Mar 2013 → 24 Jul 2013
Fell over 4 months, back to the old high on 03 Jun 2014 — 10 months under water after the low.
-6.8%15 Mar 2016 → 16 Mar 2016
Fell over 1 day, back to the old high on 03 Jan 2017 — 10 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

Invesco Mutual Fund is the Indian arm of Invesco, the US asset manager. It began life as Lotus India Mutual Fund, was bought by Religare in 2008 and ran as Religare Invesco until Invesco took full ownership in 2016.

Launched

23 Jul 2006

Total AUM

₹1,64,687Cr+12.8% QoQ

Avg AUM · July - September 2026

Website

invescomutualfund.com

Fund Managers

KCKrishna CheemalapatiStart date not disclosed

Role

Fund Manager - Fixed Income

Total experience

More than 25 years

Education

B.E. (ECE), PGDBA, CFA (ICFAI, Hyderabad)

Experience

Jan 18, 2011 - till date Invesco Asset Management (India) Pvt. Ltd. Jakhotia Mr. Manish Kalani, Equities), Mr. Krishna Income & Gold/Silver Krishna Cheemalapati Deepak Gupta (For

Funds managed (22)

All schemes Krishna Cheemalapati runs →

VGVikas GargStart date not disclosed

Role

Head - Fixed Income

Total experience

More than 20 years

Education

B. Tech., M. Tech. (Chemical Engineering, IIT, Delhi), PGDBM (XLRI, Jamshedpur), CFA Charter - USA

Experience

March 23, 2020 - till date Invesco Asset Management (India) Pvt. Ltd. November 26, 2012 to March 20, 2020 Portfolio Manager - Fixed Income - L&T Investment Management Ltd. May 10, 2010 to November 23, 2012 Credit Analyst - FIL Fund Management Pvt. Ltd.

Funds managed (15)

All schemes Vikas Garg runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Krishna Cheemalapati Vikas Garg

Invesco in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Ultra Short Duration funds

Ultra short duration funds run a Macaulay duration of 3 to 6 months. That is a step out from a liquid fund — slightly more interest-rate sensitivity in exchange for slightly more yield, for money you need in months rather than days.

Frequently asked questions

What is the NAV of Invesco India Ultra Short Term Fund?

As of 01 Oct 2026, the NAV of Invesco India Ultra Short Term Fund is ₹1,162.43 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Invesco India Ultra Short Term Fund delivered?

Invesco India Ultra Short Term Fund has returned +3.19% over 1 year, +1.87% per year over 3 years, +1.50% per year over 5 years and +0.95% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Invesco India Ultra Short Term Fund?

Invesco India Ultra Short Term Fund charges an expense ratio of 0.79% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Invesco India Ultra Short Term Fund?

Invesco India Ultra Short Term Fund's largest holdings are 7.96% Pipeline Infrastructure Private Limited 2027 (4.0%), Punjab National Bank 2027 (3.9%), Bank of Baroda 2026 (3.3%), Axis Bank Limited 2026 (3.3%) and Export Import Bank of India 2026 (3.3%). Holdings are disclosed monthly and change over time.

How risky is Invesco India Ultra Short Term Fund?

Invesco India Ultra Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.1% and its worst peak-to-trough fall in our sample was -25.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.91 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Invesco India Ultra Short Term Fund's -0.91 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Invesco India Ultra Short Term Fund?

Invesco India Ultra Short Term Fund is benchmarked against the Nifty Ultra Short Duration Debt Index A-I. Its alpha and beta on this page are measured against that index.

Who manages Invesco India Ultra Short Term Fund?

Invesco India Ultra Short Term Fund is managed by Krishna Cheemalapati and Vikas Garg at Invesco.

How is Invesco India Ultra Short Term Fund taxed?

Invesco India Ultra Short Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.