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 - Direct Plan - 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: -0.01%.

ICICI Prudential

ICICI Prudential Ultra Short Term Fund - Direct Plan - Daily IDCW

Latest NAV

₹10.0026

As of

3 Jun 2026

1,836 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%	+0.00%	0.00	82 / 102	Q4
1W	+0.03%	-1.81%	+1.84	78 / 104	Q3
2W	+0.00%	+0.12%	-0.12	81 / 102	Q4
1M	0.00%	+0.20%	-0.20	83 / 102	Q4
3M	+0.00%	+0.79%	-0.79	78 / 102	Q4
6M	-0.18%	+1.31%	-1.49	95 / 99	Q4
YTD	-0.08%	+1.32%	-1.40	93 / 100	Q4
1Y	-0.37%	-1.59%	+1.22	92 / 103	Q4
2Y	-0.05%	-1.79%	+1.73	84 / 99	Q4
3Y	-0.05%	+2.26%	-2.31	90 / 95	Q4
4Y	-0.01%	+2.16%	-2.16	83 / 90	Q4
5Y	-0.01%	+2.02%	-2.03	83 / 89	Q4
7Y	-0.02%	+1.83%	-1.85	69 / 74	Q4
10Y	—	—	—	—	—
Inception	+0.00%	-2.03%	+2.03	95 / 106	Q4

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	-0.08%	+0.69%	-0.77	73 / 80
2025	-0.05%	+1.97%	-2.02	71 / 80
2024	+0.11%	+2.28%	-2.17	39 / 80
2023	-0.01%	+2.52%	-2.53	70 / 78
2022	+0.00%	+1.51%	-1.51	77 / 86
2021	-0.36%	-3.45%	+3.09	75 / 82
2020	-0.07%	+0.98%	-1.05	74 / 85
2019	+0.45%	+1.58%	-1.13	33 / 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

+0.01%

81 windows

min -0.5% · max 0.7%

48% positive

3-Year rolling

-0.01%

57 windows

min -0.2% · max 0.2%

54% positive

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

5-Year rolling

-0.03%

32 windows

min -0.1% · max 0.0%

31% positive

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

7-Year rolling

+0.00%

8 windows

min 0.0% · max 0.0%

63% 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

0.25%

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

33.3%

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	3 Jun 2026
NIPPON INDIA ULTRA SHORT DURATION FUND - DIRECT Plan - DAILY IDCW OPTION	Nippon India	₹1,114.1500	3 Jun 2026
SBI Ultra Short Duration Fund - Direct Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹2,399.9423	3 Jun 2026
ICICI Prudential Ultra Short Term Fund - Direct Plan - Monthly IDCW	ICICI Prudential	₹10.7924	3 Jun 2026
Invesco India Ultra Short Duration Fund - Direct Plan - Annual IDCW (Payout / Reinvestment)	Invesco	₹2,168.5662	3 Jun 2026
BANDHAN ULTRA SHORT DURATION FUND - DIRECT PLAN -MONTHLY IDCW	Bandhan	₹10.0561	3 Jun 2026
Aditya Birla Sun Life Savings Fund-DIRECT - DAILY IDCW	Aditya Birla Sun Life	₹100.1187	3 Jun 2026
Motilal Oswal Ultra Short Term Fund Direct - IDCW Daily Reinvestment	Motilal Oswal	₹11.7326	3 Jun 2026
Franklin India Ultra Short Duration Fund - Direct - IDCW	Franklin India	₹10.7529	3 Jun 2026
Mirae Asset Ultra Short Duration Fund Direct IDCW	Mirae Asset	₹1,398.5715	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹10.0026
2 Jun 2026	₹10.0026
1 Jun 2026	₹10.0026
29 May 2026	₹10.0026
27 May 2026	₹10.0026
26 May 2026	₹10.0000
25 May 2026	₹10.0006
22 May 2026	₹9.9955
21 May 2026	₹9.9952
20 May 2026	₹9.9997

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 03 Jun 2026, the NAV of ICICI Prudential Ultra Short Term Fund - Direct Plan - Daily IDCW is ₹10.0026. It's a Ultra Short Duration Fund from ICICI Prudential, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

ICICI Prudential Ultra Short Term Fund - Direct Plan - Daily IDCW has NAV history starting from 29 Oct 2018, a track record of about 7 years 7 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 - Direct Plan - 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 - Direct Plan - Daily IDCW has delivered a absolute return of -0.37% — +1.22 pp ahead of the Ultra Short Duration Fund category average of -1.59%. The fund ranks #92 of 103 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, ICICI Prudential Ultra Short Term Fund - Direct Plan - Daily IDCW has delivered a CAGR of -0.05% — -2.31 pp behind the Ultra Short Duration Fund category average of 2.26%. The fund ranks #90 of 95 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, ICICI Prudential Ultra Short Term Fund - Direct Plan - Daily IDCW has delivered a CAGR of -0.01% — -2.03 pp behind the Ultra Short Duration Fund category average of 2.02%. The fund ranks #83 of 89 in its category — the bottom (Q4) quartile.

₹1 lakh invested in ICICI Prudential Ultra Short Term Fund - Direct Plan - Daily IDCW exactly 5 years ago would be worth approximately ₹99,966 today — a multiplier of 1.00×, based on the 5-year CAGR of -0.01%. The category average over the same window would have grown ₹1 lakh to ₹110,527.

A ₹10,000 monthly SIP in ICICI Prudential Ultra Short Term Fund - Direct Plan - Daily IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹599,455 today. That's an XIRR (money-weighted annualised return) of -0.04%.

ICICI Prudential Ultra Short Term Fund - Direct Plan - 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 ₹838,676 — XIRR -0.04%.

On a 5-year basis, ICICI Prudential Ultra Short Term Fund - Direct Plan - Daily IDCW ranks #83 out of 89 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 2.02%; this fund delivered -0.01%.

The worst peak-to-trough decline ICICI Prudential Ultra Short Term Fund - Direct Plan - 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 - Direct Plan - Daily IDCW averaged -0.03% (best 0.05%, worst -0.12%). 31% of rolling windows ended positive.

In calendar year 2025, ICICI Prudential Ultra Short Term Fund - Direct Plan - Daily IDCW returned -0.05% — lagging the Ultra Short Duration Fund category average of 1.97% by 2.02 pp. It ranked #71 of 80 in its category that year.

ICICI Prudential Ultra Short Term Fund - Direct Plan - 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 - Direct Plan - 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: -0.01%.

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