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

We don't give personal investment advice. HDFC Ultra Short Term Fund - 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 - Monthly IDCW Option

Latest NAV

₹10.1787

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	8 / 42	Q1
1W	+0.10%	+0.07%	+0.03	12 / 42	Q2
2W	+0.10%	+0.08%	+0.01	15 / 41	Q2
1M	-0.41%	+0.22%	-0.62	38 / 40	Q4
3M	-0.20%	+0.79%	-0.99	37 / 41	Q4
6M	+0.18%	+1.43%	-1.26	21 / 41	Q3
YTD	+0.21%	+1.39%	-1.18	21 / 41	Q3
1Y	-0.06%	+2.34%	-2.41	34 / 41	Q4
2Y	-0.09%	+2.30%	-2.38	38 / 40	Q4
3Y	-0.05%	+1.87%	-1.92	34 / 36	Q4
4Y	-0.02%	+1.94%	-1.96	29 / 31	Q4
5Y	+0.00%	+1.84%	-1.84	16 / 30	Q3
7Y	+0.07%	+1.81%	-1.73	19 / 30	Q3
10Y	—	—	—	—	—
Inception	+0.22%	+1.97%	-1.74	24 / 42	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	+0.21%	+0.95%	-0.74	13 / 28
2025	-0.03%	+2.08%	-2.11	21 / 28
2024	-0.09%	+2.04%	-2.13	29 / 29
2023	-0.02%	+2.06%	-2.08	27 / 29
2022	+0.05%	+1.21%	-1.15	18 / 31
2021	-0.02%	+1.04%	-1.06	24 / 30
2020	+0.60%	+1.89%	-1.29	14 / 31
2019	+0.37%	+1.34%	-0.97	16 / 35
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

+0.11%

84 windows

min -0.6% · max 1.2%

62% positive

3-Year rolling

+0.09%

59 windows

min -0.1% · max 0.4%

75% positive

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

5-Year rolling

+0.11%

35 windows

min 0.0% · max 0.4%

83% positive

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

7-Year rolling

+0.13%

11 windows

min 0.1% · max 0.3%

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

0.60%

3-year · annualised

Sharpe ratio

-10.96

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.99%

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 - Daily IDCW Option	HDFC	₹10.1030	17 Jul 2026
NIPPON INDIA ULTRA SHORT DURATION FUND - DAILY IDCW OPTION	Nippon India	₹1,114.1500	17 Jul 2026
MAGNUM INSTA CASH FUND - DAILY DIVIDEND	SBI	₹2,397.3330	17 Jul 2026
ICICI Prudential Ultra Short Term Fund - Daily IDCW	ICICI Prudential	₹10.0730	17 Jul 2026
Franklin India Ultra Short Duration Fund - IDCW	Franklin India	₹10.6628	17 Jul 2026
Kotak Floater Long-Term-Growth	Kotak Mahindra	₹45.6025	17 Jul 2026
UTI - FLOATING RATE STP - INSTN GROWTH OPTION	UTI	₹3,226.4587	17 Jul 2026
PGIM India Ultra Short Duration Fund - Daily Dividend	PGIM India	₹10.0203	17 Jul 2026
Birla Sun Life Savings Fund-Insititutional Plan- Daily Dividend	Birla Sun Life	₹100.0000	17 Jul 2026
Invesco India Ultra Short Duration Fund - Regular Plan - Weekly IDCW (Payout / Reinvestment)		₹1,146.1071	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹10.1787
16 Jul 2026	₹10.1735
15 Jul 2026	₹10.1685
14 Jul 2026	₹10.1662
13 Jul 2026	₹10.1717
10 Jul 2026	₹10.1684
9 Jul 2026	₹10.1653
8 Jul 2026	₹10.1593
7 Jul 2026	₹10.1663
6 Jul 2026	₹10.1713

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 - Monthly IDCW Option is ₹10.1787. It's a Ultra Short Duration Fund from HDFC, run as a Unknown plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

HDFC Ultra Short Term Fund - 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 - 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 - Monthly IDCW Option has delivered a absolute return of -0.06% — -2.41 pp behind the Ultra Short Duration Fund category average of 2.34%. The fund ranks #34 of 41 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, HDFC Ultra Short Term Fund - Monthly IDCW Option has delivered a CAGR of -0.05% — -1.92 pp behind the Ultra Short Duration Fund category average of 1.87%. The fund ranks #34 of 36 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, HDFC Ultra Short Term Fund - Monthly IDCW Option has delivered a CAGR of 0.00% — -1.84 pp behind the Ultra Short Duration Fund category average of 1.84%. The fund ranks #16 of 30 in its category — the third (Q3) quartile.

₹1 lakh invested in HDFC Ultra Short Term Fund - 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 ₹109,535.

A ₹10,000 monthly SIP in HDFC Ultra Short Term Fund - Monthly IDCW Option over the last 5 years — total invested ₹600,000 — would be worth ₹599,739 today. That's an XIRR (money-weighted annualised return) of -0.02%.

HDFC Ultra Short Term Fund - 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 ₹840,358 — XIRR 0.01%.

On a 5-year basis, HDFC Ultra Short Term Fund - Monthly IDCW Option ranks #16 out of 30 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 1.84%; this fund delivered 0.00%.

The worst peak-to-trough decline HDFC Ultra Short Term Fund - Monthly IDCW Option has experienced over the last 5-year window is 0.99% — 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 - Monthly IDCW Option averaged 0.11% (best 0.39%, worst -0.02%). 83% of rolling windows ended positive. The 5-year Sharpe ratio is -12.40 — negative risk-adjusted performance.

In calendar year 2025, HDFC Ultra Short Term Fund - Monthly IDCW Option returned -0.03% — lagging the Ultra Short Duration Fund category average of 2.08% by 2.11 pp. It ranked #21 of 28 in its category that year.

HDFC Ultra Short Term Fund - 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 - 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.