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

We don't give personal investment advice. ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly 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.

ICICI Prudential

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

Latest NAV

₹10.0879

As of

16 Sep 2022

935 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

Add another fund to compare

No matches.

Compares up to 8 funds. Click any line in the legend above to hide/show it.

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	-0.23%	+0.03%	-0.26	102 / 102	Q4
1W	-0.18%	+0.08%	-0.25	101 / 102	Q4
2W	-0.06%	+0.09%	-0.15	89 / 102	Q4
1M	-0.09%	+0.21%	-0.30	80 / 101	Q4
3M	-0.02%	+0.79%	-0.81	73 / 101	Q3
6M	-0.03%	+1.49%	-1.52	96 / 101	Q4
YTD	-0.01%	+1.58%	-1.60	88 / 100	Q4
1Y	-0.01%	+2.50%	-2.51	74 / 99	Q3
2Y	-0.01%	+2.37%	-2.38	76 / 97	Q4
3Y	+0.17%	+2.28%	-2.11	47 / 95	Q2
4Y	+0.21%	+2.18%	-1.96	45 / 90	Q2
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+0.22%	+1.82%	-1.60	58 / 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
2022 YTD	-0.01%	+1.51%	-1.52	82 / 86
2021	-0.01%	+1.50%	-1.51	64 / 78
2020	0.00%	+1.97%	-1.97	65 / 81
2019	+0.78%	+1.58%	-0.81	23 / 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

+0.27%

36 windows

min -0.4% · max 1.4%

58% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+0.24%

11 windows

min 0.2% · max 0.3%

100% positive

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

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

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

0.65%

3-year · annualised

Sharpe ratio

-9.99

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-1.30%

Feb 2020 → Mar 2020

% positive months

47.2%

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 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
16 Sep 2022	₹10.0879
15 Sep 2022	₹10.1109
14 Sep 2022	₹10.1105
13 Sep 2022	₹10.1106
12 Sep 2022	₹10.1096
9 Sep 2022	₹10.1056
8 Sep 2022	₹10.1040
7 Sep 2022	₹10.1022
6 Sep 2022	₹10.1006
5 Sep 2022	₹10.0988

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 16 Sep 2022, the NAV of ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly IDCW is ₹10.0879. 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 - Fortnightly IDCW has NAV history starting from 06 Nov 2018, a track record of about 7 years 8 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 - Fortnightly 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 - Fortnightly IDCW has delivered a absolute return of -0.01% — -2.51 pp behind the Ultra Short Duration Fund category average of 2.50%. The fund ranks #74 of 99 in its category — the third (Q3) quartile.

Over the trailing 3-year window, ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly IDCW has delivered a CAGR of 0.17% — -2.11 pp behind the Ultra Short Duration Fund category average of 2.28%. The fund ranks #47 of 95 in its category — the second (Q2) quartile.

ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly IDCW doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly IDCW exactly 3 years ago would be worth approximately ₹100,515 today — a multiplier of 1.01×, based on the 3-year CAGR of 0.17%. The category average over the same window would have grown ₹1 lakh to ₹106,988.

A ₹10,000 monthly SIP in ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹359,835 today. That's an XIRR (money-weighted annualised return) of -0.03%.

ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹359,835 — XIRR -0.03%.

On a 3-year basis, ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly IDCW ranks #47 out of 95 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 2.28%; this fund delivered 0.17%.

The worst peak-to-trough decline ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly IDCW has experienced over the last 3-year window is 1.30% — its NAV fell from a high on 14 Feb 2020 to a low on 24 Mar 2020. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly IDCW averaged 0.24% (best 0.29%, worst 0.17%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is -9.99 — negative risk-adjusted performance.

In calendar year 2021, ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly IDCW returned -0.01% — lagging the Ultra Short Duration Fund category average of 1.50% by 1.51 pp. It ranked #64 of 78 in its category that year.

ICICI Prudential Ultra Short Term Fund - Direct Plan - Fortnightly 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 - Fortnightly 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.

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