Should I invest in ICICI Prudential Ultra Short Term Fund - Daily IDCW?

We don't give personal investment advice. ICICI Prudential Ultra Short Term Fund - Daily IDCW 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: 0.6%. 5-year CAGR: 0.05%.

ICICI Prudential

ICICI Prudential Ultra Short Term Fund - Daily IDCW

Latest NAV

₹10.0730

As of

17 Jul 2026

1,873 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	+0.03%	+0.03%	+0.01	24 / 42	Q3
1W	-0.02%	+0.07%	-0.09	40 / 42	Q4
2W	-0.15%	+0.08%	-0.23	39 / 41	Q4
1M	+0.03%	+0.22%	-0.18	21 / 40	Q3
3M	-0.07%	+0.79%	-0.85	34 / 41	Q4
6M	+0.05%	+1.43%	-1.39	27 / 41	Q3
YTD	-0.05%	+1.39%	-1.44	35 / 41	Q4
1Y	-0.34%	+2.34%	-2.69	40 / 41	Q4
2Y	-0.04%	+2.30%	-2.33	33 / 40	Q4
3Y	+0.03%	+1.87%	-1.84	20 / 36	Q3
4Y	+0.06%	+1.94%	-1.89	16 / 31	Q3
5Y	+0.05%	+1.84%	-1.79	14 / 30	Q2
7Y	+0.07%	+1.81%	-1.73	18 / 30	Q3
10Y	—	—	—	—	—
Inception	+0.09%	+1.97%	-1.88	28 / 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	-0.05%	+0.95%	-1.01	23 / 28
2025	-0.03%	+2.08%	-2.11	22 / 28
2024	+0.11%	+2.04%	-1.93	13 / 29
2023	+0.21%	+2.06%	-1.85	12 / 29
2022	+0.00%	+1.21%	-1.20	22 / 31
2021	-0.29%	+1.04%	-1.33	28 / 30
2020	+0.19%	+1.89%	-1.70	20 / 31
2019	+0.57%	+1.34%	-0.77	13 / 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

+0.10%

83 windows

min -0.7% · max 0.9%

71% positive

3-Year rolling

+0.06%

58 windows

min -0.2% · max 0.2%

76% positive

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

5-Year rolling

+0.07%

34 windows

min 0.0% · max 0.3%

82% positive

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

7-Year rolling

+0.10%

10 windows

min 0.1% · max 0.1%

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

0.30%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.58%

Jun 2025 → May 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 - Monthly IDCW	ICICI Prudential	₹10.6737	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	₹10.0730
16 Jul 2026	₹10.0697
15 Jul 2026	₹10.0697
14 Jul 2026	₹10.0688
13 Jul 2026	₹10.0738
10 Jul 2026	₹10.0747
9 Jul 2026	₹10.0741
8 Jul 2026	₹10.0742
7 Jul 2026	₹10.0807
6 Jul 2026	₹10.0856

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 Ultra Short Term Fund - Daily IDCW is ₹10.0730. It's a Ultra Short Duration Fund from ICICI Prudential, run as a Unknown plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

ICICI Prudential Ultra Short Term Fund - Daily IDCW has NAV history starting from 19 Oct 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.

ICICI Prudential Ultra Short Term Fund - Daily IDCW is managed by ICICI Prudential. 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, ICICI Prudential Ultra Short Term Fund - Daily IDCW has delivered a absolute return of -0.34% — -2.69 pp behind the Ultra Short Duration Fund category average of 2.34%. The fund ranks #40 of 41 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, ICICI Prudential Ultra Short Term Fund - Daily IDCW has delivered a CAGR of 0.03% — -1.84 pp behind the Ultra Short Duration Fund category average of 1.87%. The fund ranks #20 of 36 in its category — the third (Q3) quartile.

Over the trailing 5-year window, ICICI Prudential Ultra Short Term Fund - Daily IDCW has delivered a CAGR of 0.05% — -1.79 pp behind the Ultra Short Duration Fund category average of 1.84%. The fund ranks #14 of 30 in its category — the second (Q2) quartile.

₹1 lakh invested in ICICI Prudential Ultra Short Term Fund - Daily IDCW exactly 5 years ago would be worth approximately ₹100,237 today — a multiplier of 1.00×, based on the 5-year CAGR of 0.05%. The category average over the same window would have grown ₹1 lakh to ₹109,535.

A ₹10,000 monthly SIP in ICICI Prudential Ultra Short Term Fund - Daily IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹600,355 today. That's an XIRR (money-weighted annualised return) of 0.02%.

ICICI Prudential Ultra Short Term Fund - Daily IDCW doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹840,554 — XIRR 0.02%.

On a 5-year basis, ICICI Prudential Ultra Short Term Fund - Daily IDCW ranks #14 out of 30 funds in the Ultra Short Duration Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 1.84%; this fund delivered 0.05%.

The worst peak-to-trough decline ICICI Prudential Ultra Short Term Fund - Daily IDCW has experienced over the last 5-year window is 0.58% — its NAV fell from a high on 06 Jun 2025 to a low on 21 May 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, ICICI Prudential Ultra Short Term Fund - Daily IDCW averaged 0.07% (best 0.25%, worst -0.02%). 82% of rolling windows ended positive.

In calendar year 2025, ICICI Prudential Ultra Short Term Fund - Daily IDCW returned -0.03% — lagging the Ultra Short Duration Fund category average of 2.08% by 2.11 pp. It ranked #22 of 28 in its category that year.

ICICI Prudential Ultra Short Term Fund - Daily IDCW 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 Ultra Short Term Fund - Daily IDCW 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: 0.6%. 5-year CAGR: 0.05%.

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