Should I invest in ICICI Prudential Ultra Short Term Fund?

We don't give personal investment advice. ICICI Prudential Ultra Short Term Fund - Growth 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: 0.2%. 5-year CAGR: 6.09%.

ICICI Prudential

ICICI Prudential Ultra Short Term Fund - Growth

Latest NAV

₹29.2142

As of

3 Jun 2026

3,626 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	+0.02%	+0.02%	0.00	4 / 6	Q3
1W	+0.21%	+0.19%	+0.02	1 / 6	Q1
2W	+0.17%	+0.16%	+0.02	2 / 6	Q2
1M	+0.26%	+0.24%	+0.02	3 / 6	Q2
3M	+1.33%	+1.26%	+0.07	2 / 6	Q2
6M	+2.64%	+2.51%	+0.13	2 / 6	Q2
YTD	+2.21%	+2.09%	+0.12	2 / 6	Q2
1Y	+5.91%	-9.53%	+15.44	1 / 7	Q1
2Y	+6.75%	-11.36%	+18.12	1 / 6	Q1
3Y	+6.89%	+6.51%	+0.38	1 / 5	Q1
4Y	+6.72%	+6.37%	+0.36	1 / 5	Q1
5Y	+6.09%	+6.09%	+0.01	2 / 4	Q2
7Y	+6.21%	+6.07%	+0.14	2 / 4	Q2
10Y	+6.74%	+6.77%	-0.03	2 / 2	Q4
Inception	+7.36%	-8.83%	+16.18	1 / 7	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	+2.21%	+2.09%	+0.12	2 / 6
2025	+7.06%	+6.66%	+0.40	1 / 6
2024	+7.42%	+7.04%	+0.38	1 / 5
2023	+6.92%	+6.63%	+0.29	2 / 5
2022	+4.54%	+4.31%	+0.23	2 / 5
2021	+3.99%	-16.30%	+20.28	2 / 5
2020	+6.49%	+0.82%	+5.68	1 / 5
2019	+8.40%	+7.73%	+0.67	2 / 4
2018	+7.40%	+7.55%	-0.15	2 / 2
2017	+6.89%	+6.86%	+0.03	1 / 2
2016	+9.78%	+9.78%	+0.00	1 / 1

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

+7.49%

171 windows

min 2.8% · max 15.9%

100% positive

3-Year rolling

+7.53%

147 windows

min 4.9% · max 11.5%

100% positive

5-Year rolling

+7.45%

123 windows

min 5.8% · max 9.7%

100% positive

7-Year rolling

+7.45%

98 windows

min 6.2% · max 9.2%

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

0.34%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.08%

May 2026 → May 2026

% positive months

100.0%

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 - Growth Option	HDFC	₹15.9371	3 Jun 2026
Nippon India Ultra Short Duration Fund- Growth Option	Nippon India	₹4,245.5544	3 Jun 2026
Franklin India Ultra Short Duration Fund - Growth	Franklin India	₹11.1931	3 Jun 2026
PGIM India Ultra Short Duration Fund - Growth	PGIM India	₹35.7181	3 Jun 2026
Sundaram Ultra Short Duration Fund (Formerly Known as Principal Ultra Short Term Fund)-Growth Option	Sundaram	₹2,805.8444	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹29.2142
2 Jun 2026	₹29.2096
1 Jun 2026	₹29.2028
29 May 2026	₹29.1790
27 May 2026	₹29.1573
26 May 2026	₹29.1491
25 May 2026	₹29.1510
22 May 2026	₹29.1371
21 May 2026	₹29.1366
20 May 2026	₹29.1499

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 - Growth is ₹29.2142. It's a Ultra Short Duration Fund from ICICI Prudential, run as a Unknown plan Growth option. NAVs update once per business day from the AMFI feed.

ICICI Prudential Ultra Short Term Fund - Growth has NAV history starting from 24 May 2011, a track record of about 15 years. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

ICICI Prudential Ultra Short Term Fund - Growth 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 - Growth has delivered a absolute return of 5.91% — +15.44 pp ahead of the Ultra Short Duration Fund category average of -9.53%. The fund ranks #1 of 7 in its category — the top (Q1) quartile.

Over the trailing 3-year window, ICICI Prudential Ultra Short Term Fund - Growth has delivered a CAGR of 6.89% — +0.38 pp ahead of the Ultra Short Duration Fund category average of 6.51%. The fund ranks #1 of 5 in its category — the top (Q1) quartile.

Over the trailing 5-year window, ICICI Prudential Ultra Short Term Fund - Growth has delivered a CAGR of 6.09% — +0.01 pp ahead of the Ultra Short Duration Fund category average of 6.09%. The fund ranks #2 of 4 in its category — the second (Q2) quartile.

₹1 lakh invested in ICICI Prudential Ultra Short Term Fund - Growth exactly 10 years ago would be worth approximately ₹192,037 today — a multiplier of 1.92×, based on the 10-year CAGR of 6.74%. The category average over the same window would have grown ₹1 lakh to ₹192,489.

A ₹10,000 monthly SIP in ICICI Prudential Ultra Short Term Fund - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹708,677 today. That's an XIRR (money-weighted annualised return) of 6.59%.

A ₹10,000 monthly SIP for 10 years in ICICI Prudential Ultra Short Term Fund - Growth = ₹1,200,000 invested. It would currently be worth ₹1,667,756 (multiplier 1.39×). XIRR: 6.40%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, ICICI Prudential Ultra Short Term Fund - Growth ranks #2 out of 4 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 6.09%; this fund delivered 6.09%.

The worst peak-to-trough decline ICICI Prudential Ultra Short Term Fund - Growth has experienced over the last 5-year window is 0.18% — 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 Ultra Short Term Fund - Growth averaged 7.45% (best 9.73%, worst 5.84%). 100% of rolling windows ended positive.

In calendar year 2025, ICICI Prudential Ultra Short Term Fund - Growth returned 7.06% — beating the Ultra Short Duration Fund category average of 6.66% by 0.40 pp. It ranked #1 of 6 in its category that year.

ICICI Prudential Ultra Short Term Fund - Growth 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 - Growth 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: 0.2%. 5-year CAGR: 6.09%.

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

ICICI Prudential Ultra Short Term Fund - Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Ultra Short Duration Fund

Recent NAVs

Frequently asked questions

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