Debt · Ultra Short Term Fun

ICICI Prudential Ultra Short Term Fund

ICICI Prudential Asset Management Company Limited

Benchmark

NIFTY Ultra Short Duration Debt Index A-I

Riskometer

Moderate

Size

₹15,148 cr

Allotted

3 May 2011

Holdings as of

30 Sep 2026

ICICI Prudential Ultra Short Term Fund is a ultra short term fun fund of ICICI Prudential Asset Management Company Limited with ₹15,148 cr under management. It is ahead of its benchmark (NIFTY Ultra Short Duration Debt Index A-I) in 3 of 4 periods. Its direct plan charges 0.40% a year. Manish Banthia has managed it for 13.1 years.

Debt and hybrid funds: the company-level sections (scorecard, companies inside, how it is run, nearest index) are not shown. Mix, returns, costs and managers only.

What is ICICI Prudential Ultra Short Term Fund invested in?

97% in debt, 0% in shares and 2% in cash, as of 30 Sep 2026.

Equity0.0%Debt97.3%Cash2.4%Other0.3%

Holdings as of 30 Sep 2026

Has ICICI Prudential Ultra Short Term Fund beaten its benchmark?

Ahead of its benchmark, NIFTY Ultra Short Duration Debt Index A-I, in 3 of 4 periods in AMFI's figures; +6.61% over the last year against +6.69%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	+0.38%	−3.60%	—
3 months	−0.35%	−5.03%	—
6 months	+0.39%	−1.83%	—
1 year	+0.37%	−4.06%	+4.43 pts
3 years	−0.05%	+9.27%	−9.32 pts
5 years	+0.13%	+8.00%	−7.87 pts
10 years	+0.12%	+12.69%	−12.57 pts
Since start from 24 May 2011	+0.48%	—	—

Valarth price history to 16 Sep 2022 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (NIFTY Ultra Short Duration Debt Index A-I) in 3 of 4 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+6.61%	+6.20%	+6.69%	−0.08	🔒
3y	+7.39%	+6.96%	+7.20%	+0.19	🔒
5y	+6.78%	+6.33%	+6.60%	+0.18	🔒
10y	+7.15%	+6.58%	+6.52%	+0.63	🔒

Ahead in points a year · its rank among Ultra Short Term Fun funds, and how steady the lead is, in the app

Value of 100, month-end

Sep 2012 to 16 Sep 2022

Fund 101Nifty 500 TRI 369

₹100 put in at the start of Sep 2012 would be ₹101 on 16 Sep 2022, against ₹369 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does ICICI Prudential Ultra Short Term Fund cost?

0.40% a year on the direct plan, 0.80% on the regular plan.

Direct plan

0.40% a year

Regular plan

0.80% a year

Gap

0.40 points

for the same holdings

Expense report, Oct 2026 · Debt Scheme - Ultra Short Duration Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages ICICI Prudential Ultra Short Term Fund?

Ritesh Lunawat, since 3 Jun 2017; Manish Banthia, since 19 Sep 2013.

Ritesh Lunawat

Primary

9.4 years

since 3 Jun 2017

Manish Banthia

Manages Overseas Investments

13.1 years

since 19 Sep 2013

Benchmark as filedNIFTY Ultra Short Duration Debt Index A-I

Exit load

Nil The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations.

From 1 Scheme Summary Documents filed with NSE, first on 31 Aug 2026; as on 31 Aug 2026

Questions people ask

Who manages ICICI Prudential Ultra Short Term Fund?

Ritesh Lunawat (Primary) since 3 Jun 2017; Manish Banthia (Manages Overseas Investments) since 19 Sep 2013.

What is the expense ratio of ICICI Prudential Ultra Short Term Fund?

0.40% a year on the direct plan and 0.80% on the regular plan (expense report, Oct 2026).

How has ICICI Prudential Ultra Short Term Fund done?

Its direct plan returned +7.39% a year over 3 years against +7.20% for its benchmark, NIFTY Ultra Short Duration Debt Index A-I, as of 13 Oct 2026.