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: 6.02%.

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

₹4,021.6156

As of

17 Jul 2026

4,700 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	+0.04%	+0.04%	0.00	16 / 24	Q3
1W	+0.04%	+0.05%	-0.01	18 / 24	Q3
2W	+0.00%	+0.04%	-0.04	16 / 24	Q3
1M	+0.59%	+0.26%	+0.34	12 / 24	Q2
3M	+1.44%	+0.79%	+0.65	8 / 24	Q2
6M	+3.04%	+1.73%	+1.31	9 / 24	Q2
YTD	+3.05%	+1.70%	+1.34	9 / 24	Q2
1Y	+5.69%	+3.20%	+2.49	9 / 24	Q2
2Y	+6.84%	+4.02%	+2.81	9 / 24	Q2
3Y	+6.93%	+3.99%	+2.94	7 / 24	Q2
4Y	+6.75%	+3.87%	+2.88	7 / 24	Q2
5Y	+6.02%	+3.69%	+2.33	8 / 24	Q2
7Y	+6.13%	+3.57%	+2.56	7 / 24	Q2
10Y	+6.51%	+2.87%	+3.64	1 / 24	Q1
Inception	+7.39%	+2.55%	+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	+3.05%	+1.82%	+1.22	9 / 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%

226 windows

min 2.9% · max 10.1%

100% positive

3-Year rolling

+7.35%

202 windows

min 4.5% · max 9.4%

100% positive

5-Year rolling

+7.44%

177 windows

min 5.7% · max 9.1%

100% positive

7-Year rolling

+7.54%

153 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

0.60%

3-year · annualised

Sharpe ratio

0.40

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	₹1,442.9634	17 Jul 2026
Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily Dividend	Mirae Asset	₹1,005.1646	17 Jul 2026
UTI - Treasury Advantage Fund - Institutional Monthly Dividend Option	UTI	₹1,487.6814	17 Jul 2026
Reliance Money Manager Fund-Institutional Plan Growth Option	Reliance	₹3,981.3073	17 Jul 2026
Religare Ultra Short Term Fund - Institutional - Monthly Dividend	Religare	₹1,465.6601	17 Jul 2026
Birla Sun Life Cash Manager-Plan A(Institutional Daily Dividend)	Birla Sun Life	₹100.0000	19 Jun 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹4,021.6156
16 Jul 2026	₹4,020.1809
15 Jul 2026	₹4,018.1233
14 Jul 2026	₹4,017.3709
13 Jul 2026	₹4,021.0739
10 Jul 2026	₹4,019.9620
9 Jul 2026	₹4,018.5075
8 Jul 2026	₹4,016.7874
7 Jul 2026	₹4,020.8142
6 Jul 2026	₹4,022.5480

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 17 Jul 2026, the NAV of Religare Ultra Short Term Fund - Institutional - Growth is ₹4,021.6156. 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 6 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 5.69% — +2.49 pp ahead of the Low Duration Fund category average of 3.20%. The fund ranks #9 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 6.93% — +2.94 pp ahead of the Low Duration Fund category average of 3.99%. 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 6.02% — +2.33 pp ahead of the Low Duration Fund category average of 3.69%. 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 ₹187,851 today — a multiplier of 1.88×, based on the 10-year CAGR of 6.51%. The category average over the same window would have grown ₹1 lakh to ₹132,647.

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 ₹709,273 today. That's an XIRR (money-weighted annualised return) of 6.63%.

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 ₹1,662,698 (multiplier 1.39×). XIRR: 6.35%. 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 3.69%; this fund delivered 6.02%.

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 7.44% (best 9.09%, worst 5.71%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.90 — 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: 6.02%.

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

More from Religare