Should I invest in Religare Ultra Short Term Fund - Institutional?

We don't give personal investment advice. Religare Ultra Short Term Fund - Institutional - 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: 0.4%. 5-year CAGR: 5.92%.

Religare

Religare Ultra Short Term Fund - Institutional - Growth

Unit split applied to historical metrics

This scheme had a 100× unit consolidation on 28 Feb 2011. Returns, SIP simulations and risk metrics on this page are split-adjusted — they reflect what a real investor's portfolio experienced (a consolidation doesn't change portfolio value, only the unit count and per-unit NAV).

Latest NAV

₹3,986.7260

As of

8 Jun 2026

4,672 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	11 / 24	Q2
1W	+0.32%	+0.25%	+0.07	15 / 24	Q3
2W	+0.49%	+0.43%	+0.07	18 / 24	Q3
1M	+0.37%	+0.23%	+0.14	13 / 24	Q3
3M	+1.34%	+0.75%	+0.59	8 / 24	Q2
6M	+2.43%	+1.32%	+1.12	8 / 24	Q2
YTD	+2.16%	+1.24%	+0.92	8 / 24	Q2
1Y	+5.36%	+2.93%	+2.43	8 / 24	Q2
2Y	+6.81%	+4.02%	+2.79	8 / 24	Q2
3Y	+6.88%	+3.95%	+2.93	7 / 24	Q2
4Y	+6.69%	+3.85%	+2.83	7 / 24	Q2
5Y	+5.92%	+3.63%	+2.29	8 / 24	Q2
7Y	+6.15%	+3.64%	+2.51	7 / 24	Q2
10Y	+6.53%	+2.85%	+3.68	1 / 24	Q1
Inception	+7.39%	+2.54%	+4.85	1 / 23	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	+2.16%	+1.34%	+0.82	8 / 23
2025	+7.17%	+4.48%	+2.69	9 / 23
2024	+7.53%	+4.47%	+3.07	7 / 23
2023	+6.83%	+3.97%	+2.86	7 / 23
2022	+4.00%	+2.48%	+1.52	12 / 23
2021	+3.45%	+3.17%	+0.28	9 / 23
2020	+7.04%	+3.80%	+3.25	8 / 24
2019	+8.88%	+0.37%	+8.51	1 / 24
2018	+6.97%	+2.13%	+4.83	6 / 24
2017	+6.27%	+1.82%	+4.45	6 / 24
2016	+8.48%	+2.57%	+5.91	4 / 24

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

+7.41%

225 windows

min 2.9% · max 10.0%

100% positive

3-Year rolling

+7.36%

200 windows

min 4.5% · max 9.4%

100% positive

5-Year rolling

+7.45%

176 windows

min 5.7% · max 9.1%

100% positive

7-Year rolling

+7.56%

152 windows

min 6.1% · max 8.7%

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

0.52%

3-year · annualised

Sharpe ratio

0.33

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.21%

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 Low Duration Fund

Scheme	Fund house	NAV	As of
SBI Short Horizon Debt Fund - Ultra Short Term Fund - Institutional Plan - Daily Dividend	SBI	₹1,429.7570	8 Jun 2026
Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily Dividend	Mirae Asset	₹1,005.1646	8 Jun 2026
UTI - Treasury Advantage Fund - Institutional Monthly Dividend Option	UTI	₹1,473.7174	8 Jun 2026
Birla Sun Life Cash Manager-Plan A(Institutional Daily Dividend)	Birla Sun Life	₹100.0000	8 Jun 2026
Reliance Money Manager Fund-Institutional Plan Growth Option	Reliance	₹3,944.7466	8 Jun 2026
Religare Ultra Short Term Fund - Institutional - Monthly Dividend	Religare	₹1,452.9444	8 Jun 2026

Recent NAVs

Date	NAV
8 Jun 2026	₹3,986.7260
5 Jun 2026	₹3,982.3621
4 Jun 2026	₹3,976.7919
3 Jun 2026	₹3,975.7201
2 Jun 2026	₹3,975.3287
1 Jun 2026	₹3,973.9271
29 May 2026	₹3,971.3053
27 May 2026	₹3,968.4112
26 May 2026	₹3,966.9819
25 May 2026	₹3,967.1582

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 08 Jun 2026, the NAV of Religare Ultra Short Term Fund - Institutional - Growth is ₹3,986.7260. It's a Low Duration Fund from Religare, run as a Institutional plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Religare Ultra Short Term Fund - Institutional - Growth has NAV history starting from 18 Jan 2007, a track record of about 19 years 4 months. 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.

Religare Ultra Short Term Fund - Institutional - Growth is managed by Religare. It's classified by AMFI under the 'Low Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Religare Ultra Short Term Fund - Institutional - Growth has delivered a absolute return of 5.36% — +2.43 pp ahead of the Low Duration Fund category average of 2.93%. The fund ranks #8 of 24 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Religare Ultra Short Term Fund - Institutional - Growth has delivered a CAGR of 6.88% — +2.93 pp ahead of the Low Duration Fund category average of 3.95%. The fund ranks #7 of 24 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Religare Ultra Short Term Fund - Institutional - Growth has delivered a CAGR of 5.92% — +2.29 pp ahead of the Low Duration Fund category average of 3.63%. The fund ranks #8 of 24 in its category — the second (Q2) quartile.

₹1 lakh invested in Religare Ultra Short Term Fund - Institutional - Growth exactly 10 years ago would be worth approximately ₹188,215 today — a multiplier of 1.88×, based on the 10-year CAGR of 6.53%. The category average over the same window would have grown ₹1 lakh to ₹132,456.

A ₹10,000 monthly SIP in Religare Ultra Short Term Fund - Institutional - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹707,467 today. That's an XIRR (money-weighted annualised return) of 6.52%.

A ₹10,000 monthly SIP for 10 years in Religare Ultra Short Term Fund - Institutional - Growth = ₹1,200,000 invested. It would currently be worth ₹1,659,685 (multiplier 1.38×). XIRR: 6.31%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Religare Ultra Short Term Fund - Institutional - Growth ranks #8 out of 24 funds in the Low Duration Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 3.63%; this fund delivered 5.92%.

The worst peak-to-trough decline Religare Ultra Short Term Fund - Institutional - Growth has experienced over the last 5-year window is 0.41% — its NAV fell from a high on 02 May 2022 to a low on 13 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, Religare Ultra Short Term Fund - Institutional - Growth averaged 7.45% (best 9.08%, worst 5.71%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -1.07 — negative risk-adjusted performance.

In calendar year 2025, Religare Ultra Short Term Fund - Institutional - Growth returned 7.17% — beating the Low Duration Fund category average of 4.48% by 2.69 pp. It ranked #9 of 23 in its category that year.

Religare Ultra Short Term Fund - Institutional - 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. Religare Ultra Short Term Fund - Institutional - 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: 0.4%. 5-year CAGR: 5.92%.

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

Religare Ultra Short Term Fund - Institutional - Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Low Duration Fund

Recent NAVs

Frequently asked questions

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