Should I invest in HDFC Ultra Short Term Fund-Monthly IDCW Option?

We don't give personal investment advice. HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW 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: 1.0%. 5-year CAGR: 0.00%.

HDFC

HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW Option

Latest NAV

₹10.0801

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%	+0.03%	+0.02	12 / 102	Q1
1W	+0.11%	+0.08%	+0.03	19 / 102	Q1
2W	+0.11%	+0.09%	+0.02	40 / 102	Q2
1M	-0.41%	+0.21%	-0.62	96 / 101	Q4
3M	-0.20%	+0.79%	-0.99	87 / 101	Q4
6M	+0.18%	+1.49%	-1.32	52 / 101	Q3
YTD	+0.22%	+1.58%	-1.36	53 / 100	Q3
1Y	-0.06%	+2.50%	-2.57	80 / 99	Q4
2Y	-0.09%	+2.37%	-2.46	92 / 97	Q4
3Y	-0.05%	+2.28%	-2.33	92 / 95	Q4
4Y	-0.02%	+2.18%	-2.19	86 / 90	Q4
5Y	+0.00%	+2.07%	-2.06	67 / 88	Q4
7Y	-0.06%	+1.83%	-1.88	71 / 74	Q4
10Y	—	—	—	—	—
Inception	+0.10%	+1.82%	-1.72	64 / 102	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	+0.22%	+1.02%	-0.80	36 / 80
2025	-0.03%	+1.97%	-2.00	63 / 80
2024	-0.09%	+2.28%	-2.37	71 / 80
2023	-0.02%	+2.52%	-2.54	74 / 78
2022	+0.05%	+1.51%	-1.45	53 / 86
2021	-0.02%	+1.50%	-1.53	68 / 78
2020	+0.01%	+1.97%	-1.96	51 / 81
2019	-0.02%	+1.58%	-1.61	53 / 72
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

-0.03%

84 windows

min -1.0% · max 1.0%

45% positive

3-Year rolling

+0.00%

59 windows

min -0.2% · max 0.3%

49% positive

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

5-Year rolling

+0.01%

35 windows

min -0.2% · max 0.3%

51% positive

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

7-Year rolling

-0.01%

11 windows

min -0.1% · max 0.1%

27% 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

0.60%

3-year · annualised

Sharpe ratio

-10.88

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-1.02%

Apr 2025 → Jan 2026

% positive months

50.0%

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
HDFC Ultra Short Term Fund - Direct Plan-Daily IDCW Option	HDFC	₹10.0920	17 Jul 2026
NIPPON INDIA ULTRA SHORT DURATION FUND - DIRECT Plan - DAILY IDCW OPTION	Nippon India	₹1,114.1500	17 Jul 2026
SBI Ultra Short Duration Fund - Direct Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹2,427.1356	17 Jul 2026
ICICI Prudential Ultra Short Term Fund - Direct Plan - Monthly IDCW	ICICI Prudential	₹10.8052	17 Jul 2026
Invesco India Ultra Short Duration Fund - Direct Plan - Annual IDCW (Payout / Reinvestment)	Invesco	₹2,193.0141	17 Jul 2026
BANDHAN ULTRA SHORT DURATION FUND - DIRECT PLAN -MONTHLY IDCW	Bandhan	₹10.0637	17 Jul 2026
Aditya Birla Sun Life Savings Fund-DIRECT - DAILY IDCW	Aditya Birla Sun Life	₹100.0000	17 Jul 2026
Motilal Oswal Ultra Short Term Fund Direct - IDCW Daily Reinvestment	Motilal Oswal	₹11.7326	17 Jul 2026
Franklin India Ultra Short Duration Fund - Direct - IDCW	Franklin India	₹10.7367	17 Jul 2026
Mirae Asset Ultra Short Duration Fund Direct IDCW	Mirae Asset	₹1,415.0742	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹10.0801
16 Jul 2026	₹10.0748
15 Jul 2026	₹10.0699
14 Jul 2026	₹10.0674
13 Jul 2026	₹10.0728
10 Jul 2026	₹10.0692
9 Jul 2026	₹10.0661
8 Jul 2026	₹10.0601
7 Jul 2026	₹10.0669
6 Jul 2026	₹10.0717

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-Monthly IDCW Option is ₹10.0801. It's a Ultra Short Duration Fund from HDFC, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW 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-Monthly IDCW 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-Monthly IDCW Option has delivered a absolute return of -0.06% — -2.57 pp behind the Ultra Short Duration Fund category average of 2.50%. The fund ranks #80 of 99 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW Option has delivered a CAGR of -0.05% — -2.33 pp behind the Ultra Short Duration Fund category average of 2.28%. The fund ranks #92 of 95 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW Option has delivered a CAGR of 0.00% — -2.06 pp behind the Ultra Short Duration Fund category average of 2.07%. The fund ranks #67 of 88 in its category — the bottom (Q4) quartile.

₹1 lakh invested in HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW Option exactly 5 years ago would be worth approximately ₹100,014 today — a multiplier of 1.00×, based on the 5-year CAGR of 0.00%. The category average over the same window would have grown ₹1 lakh to ₹110,770.

A ₹10,000 monthly SIP in HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW Option over the last 5 years — total invested ₹600,000 — would be worth ₹599,733 today. That's an XIRR (money-weighted annualised return) of -0.02%.

HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW Option doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹839,615 — XIRR -0.01%.

On a 5-year basis, HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW Option ranks #67 out of 88 funds in the Ultra Short Duration Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 2.07%; this fund delivered 0.00%.

The worst peak-to-trough decline HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW Option has experienced over the last 5-year window is 1.02% — its NAV fell from a high on 02 Apr 2025 to a low on 28 Jan 2026. 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-Monthly IDCW Option averaged 0.01% (best 0.27%, worst -0.17%). 51% of rolling windows ended positive. The 5-year Sharpe ratio is -12.30 — negative risk-adjusted performance.

In calendar year 2025, HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW Option returned -0.03% — lagging the Ultra Short Duration Fund category average of 1.97% by 2.00 pp. It ranked #63 of 80 in its category that year.

HDFC Ultra Short Term Fund - Direct Plan-Monthly IDCW 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-Monthly IDCW 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: 1.0%. 5-year CAGR: 0.00%.

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