Should I invest in HDFC Ultra Short Term Fund?

We don't give personal investment advice. HDFC Ultra Short Term Fund - Direct 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: 0.2%. 5-year CAGR: 6.45%.

HDFC

HDFC Ultra Short Term Fund - Direct Plan-Growth Option

Latest NAV

₹16.5215

As of

17 Jul 2026

1,890 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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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	+0.05%	+0.05%	+0.00	4 / 27	Q1
1W	+0.11%	+0.10%	+0.01	6 / 27	Q1
2W	+0.11%	+0.12%	-0.02	17 / 27	Q3
1M	+0.66%	+0.62%	+0.04	4 / 27	Q1
3M	+1.54%	+1.70%	-0.16	22 / 27	Q4
6M	+3.32%	+3.54%	-0.22	22 / 27	Q4
YTD	+3.37%	+3.71%	-0.34	27 / 27	Q4
1Y	+6.26%	+6.56%	-0.30	23 / 27	Q4
2Y	+7.09%	+7.10%	0.00	17 / 27	Q3
3Y	+7.22%	+7.15%	+0.07	15 / 26	Q3
4Y	+7.12%	+7.08%	+0.04	15 / 26	Q3
5Y	+6.45%	+6.52%	-0.07	14 / 25	Q3
7Y	+6.34%	+6.40%	-0.06	9 / 20	Q2
10Y	—	—	—	—	—
Inception	+6.63%	+6.83%	-0.20	16 / 27	Q3

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
2026 YTD	+3.37%	+3.54%	-0.18	25 / 25
2025	+7.28%	+7.21%	+0.07	10 / 25
2024	+7.73%	+7.61%	+0.12	9 / 24
2023	+7.29%	+7.20%	+0.08	14 / 24
2022	+4.81%	+4.77%	+0.05	13 / 25
2021	+3.85%	+4.42%	-0.57	10 / 23
2020	+6.70%	+5.72%	+0.98	4 / 22
2019	+8.08%	+7.27%	+0.81	10 / 18
2018	—	—	—	—

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

+6.48%

84 windows

min 3.6% · max 8.9%

100% positive

3-Year rolling

+6.14%

59 windows

min 5.0% · max 7.5%

100% positive

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

5-Year rolling

+6.16%

35 windows

min 6.0% · max 6.4%

100% positive

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

7-Year rolling

+6.49%

11 windows

min 6.3% · max 6.7%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

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

0.46%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.12%

Jul 2026 → Jul 2026

% 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.

Peers in Ultra Short Duration Fund

Scheme	Fund house	NAV	As of
Nippon India Ultra Short Duration Fund- Direct Plan- Growth Option	Nippon India	₹4,766.7333	17 Jul 2026
SBI ULTRA SHORT DURATION FUND - DIRECT PLAN - GROWTH	SBI	₹6,490.9293	17 Jul 2026
ICICI Prudential Ultra Short Term Fund - Direct Plan - Growth	ICICI Prudential	₹32.0719	17 Jul 2026
Invesco India Ultra Short Duration Fund - Direct Plan - Growth	Invesco	₹3,079.7706	17 Jul 2026
BANDHAN ULTRA SHORT DURATION FUND - DIRECT PLAN GROWTH	Bandhan	₹16.4531	17 Jul 2026
Aditya Birla Sun Life Savings Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹597.3794	17 Jul 2026
Motilal Oswal Ultra Short Term Fund (MOFUSTF) -Direct Plan- Growth	Motilal Oswal	₹18.5612	17 Jul 2026
Franklin India Ultra Short Duration Fund - Direct - Growth	Franklin India	₹11.4052	17 Jul 2026
Mirae Asset Ultra Short Duration Fund Direct Growth	Mirae Asset	₹1,415.5347	17 Jul 2026
Kotak Savings Fund-Growth - Direct	Kotak	₹48.0027	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹16.5215
16 Jul 2026	₹16.5129
15 Jul 2026	₹16.5047
14 Jul 2026	₹16.5007
13 Jul 2026	₹16.5095
10 Jul 2026	₹16.5036
9 Jul 2026	₹16.4986
8 Jul 2026	₹16.4887
7 Jul 2026	₹16.4999
6 Jul 2026	₹16.5078

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.

As of 17 Jul 2026, the NAV of HDFC Ultra Short Term Fund - Direct Plan-Growth Option is ₹16.5215. It's a Ultra Short Duration Fund from HDFC, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

HDFC Ultra Short Term Fund - Direct Plan-Growth Option has NAV history starting from 25 Sep 2018, a track record of about 7 years 9 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

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

Over the trailing 1-year window, HDFC Ultra Short Term Fund - Direct Plan-Growth Option has delivered a absolute return of 6.26% — -0.3 pp behind the Ultra Short Duration Fund category average of 6.56%. The fund ranks #23 of 27 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, HDFC Ultra Short Term Fund - Direct Plan-Growth Option has delivered a CAGR of 7.22% — +0.07 pp ahead of the Ultra Short Duration Fund category average of 7.15%. The fund ranks #15 of 26 in its category — the third (Q3) quartile.

Over the trailing 5-year window, HDFC Ultra Short Term Fund - Direct Plan-Growth Option has delivered a CAGR of 6.45% — -0.07 pp behind the Ultra Short Duration Fund category average of 6.52%. The fund ranks #14 of 25 in its category — the third (Q3) quartile.

₹1 lakh invested in HDFC Ultra Short Term Fund - Direct Plan-Growth Option exactly 5 years ago would be worth approximately ₹136,669 today — a multiplier of 1.37×, based on the 5-year CAGR of 6.45%. The category average over the same window would have grown ₹1 lakh to ₹137,115.

A ₹10,000 monthly SIP in HDFC Ultra Short Term Fund - Direct Plan-Growth Option over the last 5 years — total invested ₹600,000 — would be worth ₹715,570 today. That's an XIRR (money-weighted annualised return) of 6.98%.

HDFC Ultra Short Term Fund - Direct Plan-Growth Option doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,062,177 — XIRR 6.60%.

On a 5-year basis, HDFC Ultra Short Term Fund - Direct Plan-Growth Option ranks #14 out of 25 funds in the Ultra Short Duration Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 6.52%; this fund delivered 6.45%.

The worst peak-to-trough decline HDFC Ultra Short Term Fund - Direct Plan-Growth Option has experienced over the last 5-year window is 0.22% — its NAV fell from a high on 02 May 2022 to a low on 06 May 2022. 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, HDFC Ultra Short Term Fund - Direct Plan-Growth Option averaged 6.16% (best 6.45%, worst 6.02%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.41 — negative risk-adjusted performance.

In calendar year 2025, HDFC Ultra Short Term Fund - Direct Plan-Growth Option returned 7.28% — beating the Ultra Short Duration Fund category average of 7.21% by 0.07 pp. It ranked #10 of 25 in its category that year.

HDFC Ultra Short Term Fund - Direct 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. HDFC Ultra Short Term Fund - Direct 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: 0.2%. 5-year CAGR: 6.45%.

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

HDFC Ultra Short Term Fund - Direct Plan-Growth Option

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Ultra Short Duration Fund

Recent NAVs

Frequently asked questions

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