Should I invest in Fidelity Ultra Short Term Debt Fund?

We don't give personal investment advice. Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 4.2%. 5-year CAGR: 7.20%.

Fidelity

Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option

Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.02%	-7.11%	+7.13	62 / 732	Q1
1W	+0.14%	-12.64%	+12.78	121 / 699	Q1
2W	+0.28%	-12.71%	+12.99	116 / 712	Q1
1M	+0.59%	-12.43%	+13.02	143 / 754	Q1
3M	+1.97%	-11.47%	+13.44	165 / 740	Q1
6M	+4.26%	-9.57%	+13.82	208 / 680	Q2
YTD	+7.93%	-9.94%	+17.87	57 / 704	Q1
1Y	+8.92%	-7.10%	+16.02	185 / 627	Q2
2Y	+8.66%	-7.27%	+15.92	25 / 143	Q1
3Y	+7.34%	-2.77%	+10.11	21 / 83	Q2
4Y	+6.93%	+0.17%	+6.76	18 / 70	Q2
5Y	+7.20%	+0.12%	+7.08	16 / 66	Q1
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+7.21%	-6.12%	+13.33	297 / 770	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2012 YTD	+7.93%	+3.57%	+4.36	18 / 54
2011	+8.51%	+2.03%	+6.48	14 / 66
2010	+5.10%	-4.87%	+9.97	19 / 143
2009	+5.20%	-9.70%	+14.89	160 / 552
2008	+8.41%	+2.86%	+5.55	40 / 257
2007	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+6.98%

51 windows

min 4.2% · max 9.1%

100% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+6.48%

27 windows

min 6.2% · max 7.3%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+7.20%

3 windows

min 7.2% · max 7.2%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.61%

3-year · annualised

Sharpe ratio

0.99

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.03%

Feb 2012 → Mar 2012

% positive months

100.0%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Recent NAVs

Date	NAV
22 Nov 2012	₹14.3439
21 Nov 2012	₹14.3410
20 Nov 2012	₹14.3385
19 Nov 2012	₹14.3352
16 Nov 2012	₹14.3264
15 Nov 2012	₹14.3240
12 Nov 2012	₹14.3152
9 Nov 2012	₹14.3069
8 Nov 2012	₹14.3038
7 Nov 2012	₹14.3009

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option is a Income from Fidelity (Retail plan, IDCW (dividend) option). Latest NAV isn't currently available in our feed — the AMC publishes it once per business day after market close.

Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option has NAV history starting from 21 Sep 2007, a track record of about 18 years 8 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option is managed by Fidelity. It's classified by AMFI under the 'Income' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option has delivered a absolute return of 8.92% — +16.02 pp ahead of the Income category average of -7.10%. The fund ranks #185 of 627 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option has delivered a CAGR of 7.34% — +10.11 pp ahead of the Income category average of -2.77%. The fund ranks #21 of 83 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option has delivered a CAGR of 7.20% — +7.08 pp ahead of the Income category average of 0.12%. The fund ranks #16 of 66 in its category — the top (Q1) quartile.

₹1 lakh invested in Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option exactly 5 years ago would be worth approximately ₹141,580 today — a multiplier of 1.42×, based on the 5-year CAGR of 7.20%. The category average over the same window would have grown ₹1 lakh to ₹100,600.

A ₹10,000 monthly SIP in Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option over the last 5 years — total invested ₹600,000 — would be worth ₹724,557 today. That's an XIRR (money-weighted annualised return) of 7.46%.

Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹724,557 — XIRR 7.46%.

On a 5-year basis, Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option ranks #16 out of 66 funds in the Income category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 0.12%; this fund delivered 7.20%.

The worst peak-to-trough decline Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option has experienced over the last 5-year window is 4.25% — its NAV fell from a high on 27 Aug 2009 to a low on 28 Aug 2009. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option averaged 7.20% (best 7.20%, worst 7.20%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.84 — reasonable risk-adjusted performance.

In calendar year 2011, Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option returned 8.51% — beating the Income category average of 2.03% by 6.48 pp. It ranked #14 of 66 in its category that year.

Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Fidelity Ultra Short Term Debt Fund - Retail Plan - Growth Option is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 4.2%. 5-year CAGR: 7.20%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.