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Sundaram Ultra Short Term Fund

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

As of 01 Oct 2026, the NAV of Sundaram Ultra Short Term Fund is ₹2,865.98 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Sundaram Ultra Short Term Fund delivered?

Sundaram Ultra Short Term Fund has returned +5.28% over 1 year, +5.97% per year over 3 years and +5.52% 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 Sundaram Ultra Short Term Fund?

Sundaram Ultra Short Term Fund charges an expense ratio of 1.39% 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 Sundaram Ultra Short Term Fund?

Sundaram Ultra Short Term Fund's largest holdings are Punjab National Bank - 05/02/2027 (4.6%), Axis Bank Ltd - 07/12/2026 (4.1%), Pilani Investment and Industries Corporation Ltd. - 11/03/2027 (4.0%), Union Bank of India - 15/09/2026 (3.1%) and 364 Days - T Bill - 03/12/2026 (3.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Sundaram Ultra Short Term Fund?

Sundaram Ultra Short Term Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.3% and its worst peak-to-trough fall in our sample was -0.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

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

Sundaram 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 Sundaram Ultra Short Term Fund?

Sundaram Ultra Short Term Fund is managed by Sandeep Agarwal, Kumaresh Ramakrishnan and Ronak Shah at Sundaram.

Q: How is Sundaram Ultra Short Term Fund taxed?

Sundaram 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.

Sundaram Mutual Fund · Best Ultra Short Duration Mutual Funds

NAV

₹2,865.98

+0.04% 1D

as of 01 Oct 2026

This is the Regular plan of Sundaram Ultra Short Term Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+5.30%CAGR

52-week rangePrev NAV ₹2,864.92

Latest ₹2,865.98

Low ₹2,722.26100th percentile of its 52-week rangeHigh ₹2,865.98

Scorecard

★★☆☆☆2/5 vs 25 of 27 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). 25 of the 27 Ultra Short Duration Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +5.97% · ranks 24 of 25 Ultra Short Duration Funds

RiskLow

Volatility 0.3% vs 0.4% category avg

CostHigh

1.4% expense vs 0.8% category avg

ConsistencyHigh

100% 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

Less volatile than its Ultra Short Duration Fund peers (0.3% vs 0.4%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (+5.28%) trails the Ultra Short Duration Fund average (+5.96%)
3-year return (+5.97%) trails the Ultra Short Duration Fund average (+6.69%)
Ranks #26 of 27 on 1-year return in its Ultra Short Duration Fund cohort
High expense ratio (1.39%) vs the Ultra Short Duration Fund average of 0.84%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.39%

Category 0.84%▲0.55%

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

—

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Regular · Growth

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 2022

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.42%

Absolute return over the last 3 months (not annualized)

+1.30%

Absolute return over the last 6 months (not annualized)

+3.01%

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

+4.06%

Annualized returns (≥1Y — CAGR)

Definitions

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

+5.28%

3-year annualized return (CAGR)

+5.97%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+5.52%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.33%

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

—

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

—

Largest peak-to-trough decline over full history

-0.16%

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	+0.42%	+0.47%	-0.05%
3M abs	+1.30%	+1.40%	-0.10%
6M abs	+3.01%	+3.29%	-0.28%
1Y CAGR	+5.28%	+5.96%	-0.68%
3Y CAGR	+5.97%	+6.69%	-0.72%
5Y CAGR	—	+6.04%	—

Category average across peers in Ultra Short Duration Fund (up to 27 funds with data), 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 27 peers in Ultra Short Duration Fund

1Y return

+5.28%

Beats 3.8% · rank #26

3Y return

+5.97%

Beats 4.2% · rank #24

5Y return

—

Sharpe

—

Sortino

—

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

₹3.60L

Current value

₹3.91L

Absolute

+8.65%

XIRR

+5.76%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into Sundaram 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	+4.06%
2025	+5.93%
2024	+6.45%
2023	+6.10%
2022part	+3.63%

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

1,150

Expense ratio

1.39%

YTM

6.74%

Macaulay duration

134 days

Average maturity

135 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


Sundaram Ultra Short Term FundThis fund Sundaram · Regular · Growth	★★☆☆☆	+5.28%	+5.97%	—	—	1.39%	—
Aditya Birla Sun Life Ultra Short Term Fund Aditya Birla Sun Life · Regular · Growth	★★★★★	+6.31%	+7.23%	+6.56%	—	0.58%	—
Mirae Asset Ultra Short-Term Fund Mirae Asset · Regular · Growth	★★★★☆	+6.42%	+7.15%	+6.48%	—	0.68%	—
Baroda BNP Paribas Ultra Short Term Fund Baroda BNP Paribas · Regular · Growth	★★★★★	+6.41%	+7.04%	+6.50%	—	0.45%	—
HSBC Ultra Short Duration Fund HSBC · Regular · Growth	★★★★☆	+6.40%	+7.00%	+6.34%	—	0.38%	₹3,302Cr
ICICI Prudential Ultra Short term Fund ICICI Prudential · Regular · Growth	★★★★☆	+6.22%	+6.98%	+6.32%	—	0.80%	₹15,512Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt99.89%
Cash & Equivalents0.10%

Cash & cash-like: 6.35% — the 0.10% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Punjab National Bank - 05/02/2027

4.63%

Axis Bank Ltd - 07/12/2026

4.07%

Pilani Investment and Industries Corporation Ltd. - 11/03/2027

3.98%

Union Bank of India - 15/09/2026

3.10%

The Federal Bank Ltd - 10/12/2026

3.05%

Small Industries Development Bank of India - 16/12/2026

3.05%

National Bank for Agriculture & Rural Development - 18/03/2027

2.99%

Punjab National Bank - 04/02/2027

2.41%

HDFC Bank Ltd - 11/09/2026

2.07%

Tata Projects Ltd - 08/09/2026

2.07%

AMC Profile

Sundaram Mutual Fund is run by Sundaram Asset Management, part of the Chennai-based Sundaram Finance group, and has been in business since 1996. It absorbed Principal Mutual Fund's schemes in 2021 and has a long-standing small- and mid-cap franchise.

Launched

25 Feb 1996

Total AUM

₹76,929Cr+2.7% QoQ

Avg AUM · April - June 2026

Website

sundarammutual.com

Fund Managers

SASandeep AgarwalStart date not disclosed

Education

B.Com, MBA, FRM, ICWA B.Com, ACA, CS

Experience

Sundaram Asset Management Co. Apr 2018 to till date Head Investment Research & Fund Manager Jan 2016 to Apr 2018 SPM Fund Manager Jul 2012 – Dec 2015 Fund Manager Aug 2004 – Jul 2012 Research Analyst May 2002 - Jul 2004 Navia Markets Research Analyst Sundaram Asset Management Co Ltd. Sep 2012 – till date Fund Manager – Fixed Income Oct 2010 – Sep 2012 Dealer – Fixed Income Deutsche Asset Management India Pvt. Ltd. Apr 2008 – Oct 2010 Management Trainee - Fixed Income

Funds managed (12)

All schemes Sandeep Agarwal runs →

KRKumaresh RamakrishnanStart date not disclosed

Role

Credit & Fund Manager Sr.Manager

Education

M.B.A – Finance and BE

Experience

• 2022 - 2025 - Credit Consultant - Sundaram Asset Management Company Limited • 2016 -2021 - CIO - Fixed Income - PGIM India Asset Management • 2015- Till Date - MIS, Data analysis, Client

RSRonak ShahStart date not disclosed

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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.

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Fund managers

Sandeep Agarwal

Sundaram 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 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 Sundaram Ultra Short Term Fund?

As of 01 Oct 2026, the NAV of Sundaram Ultra Short Term Fund is ₹2,865.98 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Sundaram Ultra Short Term Fund delivered?

Sundaram Ultra Short Term Fund has returned +5.28% over 1 year, +5.97% per year over 3 years and +5.52% 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 Sundaram Ultra Short Term Fund?

Sundaram Ultra Short Term Fund charges an expense ratio of 1.39% 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 Sundaram Ultra Short Term Fund?

Sundaram Ultra Short Term Fund's largest holdings are Punjab National Bank - 05/02/2027 (4.6%), Axis Bank Ltd - 07/12/2026 (4.1%), Pilani Investment and Industries Corporation Ltd. - 11/03/2027 (4.0%), Union Bank of India - 15/09/2026 (3.1%) and 364 Days - T Bill - 03/12/2026 (3.1%). Holdings are disclosed monthly and change over time.

How risky is Sundaram Ultra Short Term Fund?

Sundaram Ultra Short Term Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.3% and its worst peak-to-trough fall in our sample was -0.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Sundaram Ultra Short Term Fund?

Sundaram 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 Sundaram Ultra Short Term Fund?

Sundaram Ultra Short Term Fund is managed by Sandeep Agarwal, Kumaresh Ramakrishnan and Ronak Shah at Sundaram.

How is Sundaram Ultra Short Term Fund taxed?

Sundaram 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.