Should I invest in ICICI Prudential Short Term Fund?

We don't give personal investment advice. ICICI Prudential 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: 0.7%. 5-year CAGR: 7.26%.

ICICI Prudential

ICICI Prudential Short Term Fund - Direct Plan - Growth Option

Latest NAV

₹70.3253

As of

17 Jul 2026

3,268 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	+0.00%	+0.02%	-0.01	21 / 27	Q4
1W	-0.08%	+6.43%	-6.51	26 / 27	Q4
2W	-0.12%	+6.40%	-6.52	24 / 27	Q4
1M	+0.76%	+7.80%	-7.04	8 / 27	Q2
3M	+1.93%	+8.94%	-7.00	10 / 27	Q2
6M	+3.57%	+10.38%	-6.81	5 / 27	Q1
YTD	+3.43%	+10.58%	-7.15	5 / 26	Q1
1Y	+6.35%	+12.69%	-6.34	2 / 26	Q1
2Y	+7.98%	+10.06%	-2.08	4 / 25	Q1
3Y	+7.98%	+8.98%	-1.00	2 / 25	Q1
4Y	+8.09%	+8.59%	-0.50	3 / 24	Q1
5Y	+7.26%	+7.87%	-0.60	4 / 22	Q1
7Y	+7.76%	+7.72%	+0.04	3 / 20	Q1
10Y	+7.96%	+7.78%	+0.17	2 / 17	Q1
Inception	+8.45%	+7.61%	+0.83	3 / 27	Q1

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	+3.43%	+3.11%	+0.32	3 / 24
2025	+8.60%	+15.76%	-7.16	3 / 24
2024	+8.41%	+8.00%	+0.41	11 / 24
2023	+8.10%	+7.29%	+0.81	1 / 24
2022	+5.44%	+4.91%	+0.53	2 / 22
2021	+4.64%	+4.77%	-0.13	4 / 19
2020	+11.37%	+8.81%	+2.56	2 / 20
2019	+10.47%	+6.89%	+3.59	1 / 19
2018	+6.68%	+6.62%	+0.06	9 / 18
2017	+6.55%	+6.64%	-0.09	8 / 18
2016	+11.78%	+10.25%	+1.53	2 / 18

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

+8.55%

153 windows

min 3.3% · max 13.0%

100% positive

3-Year rolling

+8.42%

129 windows

min 6.0% · max 11.3%

100% positive

5-Year rolling

+8.30%

105 windows

min 6.9% · max 9.7%

100% positive

7-Year rolling

+8.41%

80 windows

min 7.5% · max 10.1%

100% positive

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

1.18%

3-year · annualised

Sharpe ratio

1.04

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.52%

May 2026 → May 2026

% positive months

97.2%

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 Short Duration Fund

Scheme	Fund house	NAV	As of
HDFC Short Term Debt Fund - Growth Option - Direct Plan	HDFC	₹35.2293	17 Jul 2026
Nippon India Short Duration Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹61.2321	17 Jul 2026
SBI SHORT TERM DEBT FUND - DIRECT PLAN -GROWTH	SBI	₹36.2894	17 Jul 2026
Invesco India Short Duration Fund - Direct Plan - Growth	Invesco	₹4,183.9599	17 Jul 2026
Bandhan Short Duration Fund - Direct Plan - Growth	Bandhan	₹65.4060	17 Jul 2026
Aditya Birla Sun Life Short Term Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹54.9595	17 Jul 2026
Franklin India Short Tem Income Plan - Segregated Portfolio 3 (9.50% Yes Bank Ltd CO 23Dec21) - Direct Retail Plan Growth Option	Franklin India	₹0.0000	17 Jul 2026
Mirae Asset Short Duration Fund - Direct Plan - Growth	Mirae Asset	₹17.7217	17 Jul 2026
Kotak Bond Short Term Plan-(Growth) - Direct	Kotak	₹60.9953	17 Jul 2026
DSP Short Term Fund - Direct Plan - Growth	DSP	₹53.7567	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹70.3253
16 Jul 2026	₹70.3223
15 Jul 2026	₹70.2624
14 Jul 2026	₹70.2307
13 Jul 2026	₹70.3894
10 Jul 2026	₹70.3794
9 Jul 2026	₹70.3092
8 Jul 2026	₹70.2740
7 Jul 2026	₹70.4321
6 Jul 2026	₹70.4487

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 ICICI Prudential Short Term Fund - Direct Plan - Growth Option is ₹70.3253. It's a Short Duration Fund from ICICI Prudential, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

ICICI Prudential Short Term Fund - Direct Plan - Growth Option has NAV history starting from 02 Jan 2013, a track record of about 13 years 6 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.

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

Over the trailing 1-year window, ICICI Prudential Short Term Fund - Direct Plan - Growth Option has delivered a absolute return of 6.35% — -6.34 pp behind the Short Duration Fund category average of 12.69%. The fund ranks #2 of 26 in its category — the top (Q1) quartile.

Over the trailing 3-year window, ICICI Prudential Short Term Fund - Direct Plan - Growth Option has delivered a CAGR of 7.98% — -1 pp behind the Short Duration Fund category average of 8.98%. The fund ranks #2 of 25 in its category — the top (Q1) quartile.

Over the trailing 5-year window, ICICI Prudential Short Term Fund - Direct Plan - Growth Option has delivered a CAGR of 7.26% — -0.6 pp behind the Short Duration Fund category average of 7.87%. The fund ranks #4 of 22 in its category — the top (Q1) quartile.

₹1 lakh invested in ICICI Prudential Short Term Fund - Direct Plan - Growth Option exactly 10 years ago would be worth approximately ₹215,019 today — a multiplier of 2.15×, based on the 10-year CAGR of 7.96%. The category average over the same window would have grown ₹1 lakh to ₹211,578.

A ₹10,000 monthly SIP in ICICI Prudential Short Term Fund - Direct Plan - Growth Option over the last 5 years — total invested ₹600,000 — would be worth ₹730,079 today. That's an XIRR (money-weighted annualised return) of 7.78%.

A ₹10,000 monthly SIP for 10 years in ICICI Prudential Short Term Fund - Direct Plan - Growth Option = ₹1,200,000 invested. It would currently be worth ₹1,789,610 (multiplier 1.49×). XIRR: 7.75%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, ICICI Prudential Short Term Fund - Direct Plan - Growth Option ranks #4 out of 22 funds in the Short Duration Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 7.87%; this fund delivered 7.26%.

The worst peak-to-trough decline ICICI Prudential Short Term Fund - Direct Plan - Growth Option has experienced over the last 5-year window is 0.71% — 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, ICICI Prudential Short Term Fund - Direct Plan - Growth Option averaged 8.30% (best 9.70%, worst 6.95%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.46 — weak risk-adjusted performance.

In calendar year 2025, ICICI Prudential Short Term Fund - Direct Plan - Growth Option returned 8.60% — lagging the Short Duration Fund category average of 15.76% by 7.16 pp. It ranked #3 of 24 in its category that year.

ICICI Prudential 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. ICICI Prudential 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: 0.7%. 5-year CAGR: 7.26%.

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

ICICI Prudential 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 Short Duration Fund

Recent NAVs

Frequently asked questions

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