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

We don't give personal investment advice. ICICI Prudential Ultra Short Term Fund - Monthly 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: 0.8%. 5-year CAGR: 0.01%.

ICICI Prudential

ICICI Prudential Ultra Short Term Fund - Monthly IDCW

Latest NAV

₹10.6625

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%	+0.01%	+0.01	18 / 41	Q2
1W	-0.02%	+0.13%	-0.15	40 / 41	Q4
2W	-0.06%	+0.13%	-0.18	39 / 40	Q4
1M	+0.03%	+0.20%	-0.18	27 / 40	Q3
3M	+0.07%	+0.76%	-0.69	18 / 41	Q2
6M	+0.04%	+1.24%	-1.19	23 / 41	Q3
YTD	+0.08%	+1.17%	-1.09	22 / 41	Q3
1Y	+0.04%	-6.85%	+6.89	25 / 45	Q3
2Y	+0.02%	-7.29%	+7.31	22 / 43	Q3
3Y	+0.02%	+1.84%	-1.82	22 / 36	Q3
4Y	+0.02%	+1.91%	-1.89	20 / 31	Q3
5Y	+0.01%	+1.84%	-1.82	17 / 30	Q3
7Y	-0.01%	+1.81%	-1.82	27 / 30	Q4
10Y	+0.03%	+2.19%	-2.16	13 / 20	Q3
Inception	+0.40%	-7.05%	+7.45	19 / 45	Q2

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%	+0.64%	-0.56	14 / 28
2025	+0.44%	+2.08%	-1.65	11 / 28
2024	+0.53%	+2.04%	-1.52	9 / 29
2023	+0.01%	+2.06%	-2.05	16 / 29
2022	+0.22%	+1.21%	-0.98	13 / 31
2021	+0.26%	-10.85%	+11.10	13 / 34
2020	-0.07%	-0.52%	+0.45	31 / 35
2019	+0.02%	+1.34%	-1.33	22 / 35
2018	+0.15%	+2.74%	-2.59	18 / 27
2017	+0.12%	+2.51%	-2.40	14 / 26
2016	+0.04%	+3.00%	-2.96	12 / 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

+0.33%

171 windows

min -4.1% · max 5.9%

58% positive

3-Year rolling

+0.30%

147 windows

min -0.2% · max 2.4%

73% positive

5-Year rolling

+0.25%

123 windows

min -0.1% · max 1.5%

64% positive

7-Year rolling

+0.22%

98 windows

min -0.1% · max 1.0%

73% 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

0.63%

3-year · annualised

Sharpe ratio

-10.22

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.78%

Apr 2025 → Mar 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	3 Jun 2026
NIPPON INDIA ULTRA SHORT DURATION FUND - DAILY IDCW OPTION	Nippon India	₹1,114.1500	3 Jun 2026
MAGNUM INSTA CASH FUND - DAILY DIVIDEND	SBI	₹2,371.0627	3 Jun 2026
ICICI Prudential Ultra Short Term Fund - Daily IDCW	ICICI Prudential	₹10.0696	3 Jun 2026
Franklin India Ultra Short Duration Fund - IDCW	Franklin India	₹10.6803	3 Jun 2026
Kotak Floater Long-Term-Growth	Kotak Mahindra	₹45.1033	3 Jun 2026
UTI - FLOATING RATE STP - INSTN GROWTH OPTION	UTI	₹3,193.4301	3 Jun 2026
PGIM India Ultra Short Duration Fund - Daily Dividend	PGIM India	₹10.0203	3 Jun 2026
Birla Sun Life Savings Fund - Discipline Advantage Plan	Birla Sun Life	₹330.9646	3 Jun 2026
Sundaram Ultra Short Duration Fund (Formerly Known as Principal Ultra Short Term Fund) - Income Distribution CUM Capital Withdrawal Option (IDCW)	Sundaram	₹1,066.5205	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹10.6625
2 Jun 2026	₹10.6608
1 Jun 2026	₹10.6584
29 May 2026	₹10.6744
27 May 2026	₹10.6664
26 May 2026	₹10.6634
25 May 2026	₹10.6641
22 May 2026	₹10.6590
21 May 2026	₹10.6589
20 May 2026	₹10.6637

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 - Monthly IDCW is ₹10.6625. 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 - Monthly IDCW 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 - Monthly 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 - Monthly IDCW has delivered a absolute return of 0.04% — +6.89 pp ahead of the Ultra Short Duration Fund category average of -6.85%. The fund ranks #25 of 45 in its category — the third (Q3) quartile.

Over the trailing 3-year window, ICICI Prudential Ultra Short Term Fund - Monthly IDCW has delivered a CAGR of 0.02% — -1.82 pp behind the Ultra Short Duration Fund category average of 1.84%. The fund ranks #22 of 36 in its category — the third (Q3) quartile.

Over the trailing 5-year window, ICICI Prudential Ultra Short Term Fund - Monthly IDCW has delivered a CAGR of 0.01% — -1.82 pp behind the Ultra Short Duration Fund category average of 1.84%. The fund ranks #17 of 30 in its category — the third (Q3) quartile.

₹1 lakh invested in ICICI Prudential Ultra Short Term Fund - Monthly IDCW exactly 10 years ago would be worth approximately ₹100,326 today — a multiplier of 1.00×, based on the 10-year CAGR of 0.03%. The category average over the same window would have grown ₹1 lakh to ₹124,194.

A ₹10,000 monthly SIP in ICICI Prudential Ultra Short Term Fund - Monthly IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹600,198 today. That's an XIRR (money-weighted annualised return) of 0.01%.

A ₹10,000 monthly SIP for 10 years in ICICI Prudential Ultra Short Term Fund - Monthly IDCW = ₹1,200,000 invested. It would currently be worth ₹1,200,505 (multiplier 1.00×). XIRR: 0.01%. 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 - Monthly IDCW ranks #17 out of 30 funds in the Ultra Short Duration Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 1.84%; this fund delivered 0.01%.

The worst peak-to-trough decline ICICI Prudential Ultra Short Term Fund - Monthly IDCW has experienced over the last 5-year window is 0.78% — its NAV fell from a high on 30 Apr 2025 to a low on 04 Mar 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 - Monthly IDCW averaged 0.25% (best 1.45%, worst -0.14%). 64% of rolling windows ended positive. The 5-year Sharpe ratio is -12.17 — negative risk-adjusted performance.

In calendar year 2025, ICICI Prudential Ultra Short Term Fund - Monthly IDCW returned 0.44% — lagging the Ultra Short Duration Fund category average of 2.08% by 1.65 pp. It ranked #11 of 28 in its category that year.

ICICI Prudential Ultra Short Term Fund - Monthly 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 - Monthly 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: 0.8%. 5-year CAGR: 0.01%.

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