ITI Ultra Short Term Fund
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 (+7.10% 3Y CAGR)NAV history
Scorecard
★★★☆☆3/5 vs 79 of 82 Ultra Short Duration Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Ultra Short Duration Fund (same plan and option). 79 of the 82 Ultra Short Duration Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +0.05% · ranks 38 of 82 Ultra Short Duration Funds
Volatility 1.9% vs 1.4% category avg
0.2% expense vs 0.3% category avg
79% 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
- Low expense ratio (0.21%) vs the Ultra Short Duration Fund average of 0.34%
Concerns
- 1-year return (-0.18%) trails the Ultra Short Duration Fund average (+1.11%)
- 3-year return (+0.05%) trails the Ultra Short Duration Fund average (+1.78%)
- 5-year return (+0.03%) trails the Ultra Short Duration Fund average (+1.85%)
- Ranks #69 of 82 on 1-year return in its Ultra Short Duration Fund cohort
- More volatile than its Ultra Short Duration Fund peers (1.9% vs 1.4%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark 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 | +0.08% | -0.28% | +0.36% |
| 3M abs | +0.20% | +0.04% | +0.16% |
| 6M abs | -0.06% | +0.34% | -0.40% |
| 1Y CAGR | -0.18% | +1.11% | -1.29% |
| 3Y CAGR | +0.05% | +1.78% | -1.73% |
| 5Y CAGR | +0.03% | +1.85% | -1.82% |
Category average across peers in Ultra Short Duration Fund (81 of 82 carry a figure for at least one period), 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.
Category rank
Vs 82 peers in Ultra Short Duration Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
38 overlapping 1Y windows, sampled monthly across the fund’s history.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into ITI 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 | +0.35% | |
| 2025 | -0.04% | |
| 2023part | +0.18% | |
| 2022 | +0.04% | |
| 2021part | +0.11% |
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.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Fund size over time
Quarterly average AUM · AMFIDown +16% from its peak of ₹198.58Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
ITI 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.
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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 Debt funds
Debt funds lend money to governments and companies and earn interest. They're generally steadier than equity funds; their risk comes from interest-rate moves and, for some, the creditworthiness of borrowers.
Frequently asked questions
What is the NAV of ITI Ultra Short Term Fund?
As of 20 Aug 2026, the NAV of ITI Ultra Short Term Fund is ₹1,005.06 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ITI Ultra Short Term Fund delivered?
ITI Ultra Short Term Fund has returned -0.18% over 1 year, +0.05% per year over 3 years, +0.03% per year over 5 years and +0.09% 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 ITI Ultra Short Term Fund?
ITI Ultra Short Term Fund charges an expense ratio of 0.21% 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 ITI Ultra Short Term Fund?
Its largest holdings are BANK OF BARODA CD 05MAR27 (8.8%), 91 Days Tbill (MD 17/09/2026) (7.8%), ICICI SECURITIES LIMITED 91D CP 03SEP26 (7.1%), REC Ltd SR-147 Bonds 7.95 12/03/2027 (6.6%) and NATIONAL HOUSING BANK 7.40 BD 16JL26 FVRS1LAC (6.5%). Holdings are disclosed monthly and change over time.
How risky is ITI Ultra Short Term Fund?
It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.9% and its worst peak-to-trough fall in our sample was -0.8%. 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 -3.32 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI Ultra Short Term Fund's -3.32 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of ITI Ultra Short Term Fund?
ITI Ultra Short Term Fund is benchmarked against the CRISIL Ultra Short Duration Debt A-I Index. Its alpha and beta on this page are measured against that index.
Who manages ITI Ultra Short Term Fund?
ITI Ultra Short Term Fund is managed by Laukik Bagwe at ITI.
How is ITI Ultra Short Term Fund taxed?
ITI 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.