Edelweiss Ultra Short Term Fund
Edelweiss Mutual Fund · Best Ultra Short Duration Mutual Funds
This is the Direct plan of Edelweiss Ultra Short Term Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same 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 returnsNAV history
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Ultra Short Duration Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.47% | — | — |
| 3M abs | — | — | — |
| 6M abs | — | — | — |
| 1Y CAGR | — | — | — |
| 3Y CAGR | — | — | — |
| 5Y CAGR | — | — | — |
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.
Pick a longer period to plot the path.
1 monthly installments of ₹10,000 into Edelweiss Ultra Short Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt96.77%
- Cash & Equivalents3.23%
Cash & cash-like: 83.36% — the 3.23% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.
AMC Profile
Edelweiss Mutual Fund is the asset management arm of the Edelweiss Group. It absorbed JPMorgan's Indian schemes in 2016, and is known for running most of the industry's overseas feeder funds alongside its domestic equity and debt range.
Fund Managers
RDRahul DedhiaStart date not disclosed
Fund Manager
B.E (Electronics) years from Mumbai University and MBA (Finance) from MET College Mumbai
Mr. Rahul Dedhia has over 15 years of experience in fixed income market including 13 years in the mutual fund industry. Prior to joining Edelweiss AMC, Mr. Dedhia was associated as Assistant Fund Manager with DHFL Pramerica Mutual Fund from March 2016 to October 2017 and with Deutsche Asset Management (India) Pvt. Ltd from July 2014 to March 2016. He has an experience
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KKKedar KarnikStart date not disclosed
Mr. Kedar Karnik has over 20 years of experience and oversees fixed income strategies at Edelweiss AMC, which he joined in December 2025. His expertise spans fund management and credit analysis across institutions like DSP, Axis, HSBC and CRISIL. He has played a key role in scaling liquid and money market fund strategies, with several funds earning industry recognition.
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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.
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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 Edelweiss Ultra Short Term Fund?
As of 05 Oct 2026, the NAV of Edelweiss Ultra Short Term Fund is ₹1,007.85 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Edelweiss Ultra Short Term Fund delivered?
Edelweiss Ultra Short Term Fund has returned +0.73% 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 Edelweiss Ultra Short Term Fund?
Edelweiss 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 Edelweiss Ultra Short Term Fund?
Edelweiss Ultra Short Term Fund's largest holdings are 182 DAYS TBILL RED 10-09-2026 (11.1%), 7.71% REC LTD SR 230A NCD RED 26-02-2027 (7.8%), NABARD CD RED 26-02-2027 (7.5%), 7.90% LIC HSG FIN TR421 NCD R 23-06-2027 (5.6%) and KOTAK MAHINDRA BANK CD RED 08-01-2027 (5.5%). Holdings are disclosed monthly and change over time.
How risky is Edelweiss Ultra Short Term Fund?
Edelweiss Ultra Short Term Fund is rated low on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Edelweiss Ultra Short Term Fund?
Edelweiss 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 Edelweiss Ultra Short Term Fund?
Edelweiss Ultra Short Term Fund is managed by Rahul Dedhia and Kedar Karnik at Edelweiss.
How is Edelweiss Ultra Short Term Fund taxed?
Edelweiss 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.