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HDFC Ultra Short Term Fund Direct Growth
DebtUltra Short DurationLow to Moderate Risk
Direct
NAV (17-Apr-25)
₹15.260.03%1D
Returns (Since Inception)
6.66%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹13,225 Cr
Expense Ratio
0.37%
ISIN
INF179KB15Q6
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
25 Sep 2018
About this fund
HDFC Ultra Short Term Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by HDFC Mutual Fund. This fund has been in existence for 6 years, 6 months and 25 days, having been launched on 25-Sep-18.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹15.26, Assets Under Management (AUM) of 13225.09 Crores, and an expense ratio of 0.37%.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹15.26, Assets Under Management (AUM) of 13225.09 Crores, and an expense ratio of 0.37%.
- HDFC Ultra Short Term Fund Direct Growth has given a CAGR return of 6.66% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 41.19% in debts, and 58.52% in cash & cash equivalents.
- You can start investing in HDFC Ultra Short Term Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.89%
+6.80% (Cat Avg.)
3 Years
+7.10%
+6.38% (Cat Avg.)
5 Years
+6.22%
+5.49% (Cat Avg.)
Since Inception
+6.66%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Debt | ₹5,447.19 Cr | 41.19% |
| Others | ₹7,777.91 Cr | 58.81% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Punjab National Bank (18/03/2026) | Cash - CD/Time Deposit | ₹467.54 Cr | 3.54% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹389.7 Cr | 2.95% |
| Treps - Tri-Party Repo | Cash - Repurchase Agreement | ₹351.32 Cr | 2.66% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹325.72 Cr | 2.46% |
| LIC Housing Finance Ltd | Cash - Commercial Paper | ₹314.74 Cr | 2.38% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹293.43 Cr | 2.22% |
| Bank Of Baroda** | Cash - CD/Time Deposit | ₹285.76 Cr | 2.16% |
| INDIA UNIVERSAL TRUST AL2 | Bond - Asset Backed | ₹281.79 Cr | 2.13% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹266.48 Cr | 2.01% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹262.64 Cr | 1.99% |
| IIFL Finance Limited | Bond - Corporate Bond | ₹249.41 Cr | 1.89% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹242.21 Cr | 1.83% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹241.29 Cr | 1.82% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹240.96 Cr | 1.82% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹239.23 Cr | 1.81% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹238.76 Cr | 1.81% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹199.9 Cr | 1.51% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹195.03 Cr | 1.47% |
| Net Current Assets | Cash | ₹-194.3 Cr | 1.47% |
| Small Industries Development Bank of India | Cash - CD/Time Deposit | ₹192.26 Cr | 1.45% |
| Treasury Bills | Bond - Gov't/Treasury | ₹190.58 Cr | 1.44% |
| Indian Bank | Cash - CD/Time Deposit | ₹189.48 Cr | 1.43% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹189.07 Cr | 1.43% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹179.52 Cr | 1.36% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹173.94 Cr | 1.32% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹172.07 Cr | 1.30% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹149.94 Cr | 1.13% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹147.81 Cr | 1.12% |
| 182 DTB 10072025 | Bond - Gov't/Treasury | ₹147.44 Cr | 1.11% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹143.79 Cr | 1.09% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹143.07 Cr | 1.08% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹141.57 Cr | 1.07% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹141.33 Cr | 1.07% |
| Icici Securities Limited | Cash - Commercial Paper | ₹140.3 Cr | 1.06% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹135.56 Cr | 1.03% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹135.3 Cr | 1.02% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹133.78 Cr | 1.01% |
| 91 DTB 10042025 | Bond - Gov't/Treasury | ₹129.8 Cr | 0.98% |
| 91 Days Tbill | Bond - Gov't/Treasury | ₹124.96 Cr | 0.94% |
| Icici Securities Limited (Earlier Icici Brokerage Services Limited) | Cash - Commercial Paper | ₹122.87 Cr | 0.93% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹121.68 Cr | 0.92% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹117.32 Cr | 0.89% |
| VAJRA 009 TRUST | Bond - Asset Backed | ₹111.65 Cr | 0.84% |
| Hsbc Investdirect Financial Services (India) Limited | Cash - Commercial Paper | ₹106.02 Cr | 0.80% |
| LIC Housing Finance Ltd. | Bond - Corporate Bond | ₹100.48 Cr | 0.76% |
| National Housing Bank | Bond - Corporate Bond | ₹100.48 Cr | 0.76% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹100.4 Cr | 0.76% |
| Rec Limited | Bond - Corporate Bond | ₹100.39 Cr | 0.76% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹99.87 Cr | 0.76% |
| Canara Bank | Cash - CD/Time Deposit | ₹98.93 Cr | 0.75% |
| Icici Securities Primary Dealership Ltd | Cash - Commercial Paper | ₹98.71 Cr | 0.75% |
| 182 DTB 19062025 | Bond - Gov't/Treasury | ₹98.65 Cr | 0.75% |
| Sharekhan Limited | Cash - Commercial Paper | ₹98.47 Cr | 0.74% |
| 182 DTB 31072025 | Bond - Gov't/Treasury | ₹97.93 Cr | 0.74% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹97.49 Cr | 0.74% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹97.26 Cr | 0.74% |
| Hero Fincorp Limited | Cash - Commercial Paper | ₹95.58 Cr | 0.72% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹95.37 Cr | 0.72% |
| Bank Of India | Cash - CD/Time Deposit | ₹95.31 Cr | 0.72% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹95.17 Cr | 0.72% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹94.48 Cr | 0.71% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹94.28 Cr | 0.71% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹94.22 Cr | 0.71% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹94.05 Cr | 0.71% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹93.49 Cr | 0.71% |
| UNIVERSE TRUST DEC 2024 | Bond - Asset Backed | ₹89.7 Cr | 0.68% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹84.98 Cr | 0.64% |
| Rec Limited | Bond - Corporate Bond | ₹84.09 Cr | 0.64% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹75.42 Cr | 0.57% |
| Tata Housing Development Company Limited | Bond - Corporate Bond | ₹75.19 Cr | 0.57% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹75.12 Cr | 0.57% |
| Can Fin Homes Limited | Bond - Corporate Bond | ₹75.09 Cr | 0.57% |
| 182 DTB 10042025 | Bond - Gov't/Treasury | ₹74.88 Cr | 0.57% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹72.65 Cr | 0.55% |
| Deutsche Investments India Private Limited | Cash - Commercial Paper | ₹72.53 Cr | 0.55% |
| National Bank For Agriculture & Rural Development** | Cash - CD/Time Deposit | ₹70.22 Cr | 0.53% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹65.26 Cr | 0.49% |
| INDIGO 041 | Bond - Asset Backed | ₹63.43 Cr | 0.48% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹50.11 Cr | 0.38% |
| Titan Company Limited | Bond - Corporate Bond | ₹50.05 Cr | 0.38% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹49.96 Cr | 0.38% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹49.95 Cr | 0.38% |
| Mahindra Rural Housing Finance Limited | Bond - Corporate Bond | ₹49.95 Cr | 0.38% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹49.92 Cr | 0.38% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹49.91 Cr | 0.38% |
| Rec Limited | Bond - Corporate Bond | ₹49.41 Cr | 0.37% |
| Sharekhan Limited | Cash - Commercial Paper | ₹48.15 Cr | 0.36% |
| Sharekhan Limited | Cash - Commercial Paper | ₹48.06 Cr | 0.36% |
| Axis Bank Ltd. | Cash - CD/Time Deposit | ₹47.87 Cr | 0.36% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹47.85 Cr | 0.36% |
| Canara Bank | Cash - CD/Time Deposit | ₹47.57 Cr | 0.36% |
| Julius Baer Capital (India) Private Limited | Cash - Commercial Paper | ₹47.56 Cr | 0.36% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹47.25 Cr | 0.36% |
| VAJRA 014 TRUST | Bond - Asset Backed | ₹46.53 Cr | 0.35% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹42.38 Cr | 0.32% |
| 6.80% Govt Stock 2025 | Bond - Gov't/Treasury | ₹39.73 Cr | 0.30% |
| Corporate Debt Market Development Fund | Mutual Fund - Open End | ₹38.63 Cr | 0.29% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹34.95 Cr | 0.26% |
| Goi 16.06.2025 Gov | Bond - Gov't/Treasury | ₹34.33 Cr | 0.26% |
| Jamnagar Utilities & Power Private Limited | Bond - Corporate Bond | ₹31.93 Cr | 0.24% |
| Mankind Pharma Ltd | Bond - Corporate Bond | ₹30.16 Cr | 0.23% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹29.98 Cr | 0.23% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹25.09 Cr | 0.19% |
| Mankind Pharma Ltd | Bond - Corporate Bond | ₹25.09 Cr | 0.19% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.08 Cr | 0.19% |
| Citicorp Finance (India) Limited | Bond - Corporate Bond | ₹25.07 Cr | 0.19% |
| HDB Financial Services Ltd. | Bond - Corporate Bond | ₹25.07 Cr | 0.19% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹25.05 Cr | 0.19% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹25.04 Cr | 0.19% |
| 07.89 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹25.04 Cr | 0.19% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.04 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.03 Cr | 0.19% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.19% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹24.99 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.98 Cr | 0.19% |
| Can Fin Homes Limited | Bond - Corporate Bond | ₹24.97 Cr | 0.19% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹24.97 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.96 Cr | 0.19% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹24.95 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.95 Cr | 0.19% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹24.93 Cr | 0.19% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹24.83 Cr | 0.19% |
| VAJRA 006 TRUST | Bond - Asset Backed | ₹23.48 Cr | 0.18% |
| VAJRA 004 TRUST | Bond - Asset Backed | ₹17.09 Cr | 0.13% |
| Housing And Urban Development Corporation Ltd. | Bond - Corporate Bond | ₹10.04 Cr | 0.08% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.08% |
| India (Republic of) | Bond - Short-term Government Bills | ₹5 Cr | 0.04% |
| Rec Limited | Bond - Corporate Bond | ₹4.94 Cr | 0.04% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹4,675.36 Cr | 35.35% |
| Bond - Corporate Bond | ₹4,482.45 Cr | 33.89% |
| Cash - Commercial Paper | ₹1,682.82 Cr | 12.72% |
| Bond - Gov't/Treasury | ₹1,456.66 Cr | 11.01% |
| Bond - Asset Backed | ₹633.67 Cr | 4.79% |
| Cash - Repurchase Agreement | ₹351.32 Cr | 2.66% |
| Cash | ₹-194.3 Cr | 1.47% |
| Bond - Gov't Agency Debt | ₹93.49 Cr | 0.71% |
| Mutual Fund - Open End | ₹38.63 Cr | 0.29% |
| Bond - Short-term Government Bills | ₹5 Cr | 0.04% |
Risk & Performance Ratios
Standard Deviation
This fund
0.45%
Cat. avg.
0.60%
Lower the better
Sharpe Ratio
This fund
1.16
Cat. avg.
-0.47
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.18
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st March 2025
ISIN INF179KB15Q6 | Expense Ratio 0.37% | Exit Load No Charges | Fund Size ₹13,225 Cr | Age 6 years 6 months | Lumpsum Minimum ₹100 | Fund Status Open Ended Investment Company | Benchmark CRISIL Ultra Short Duration Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Franklin India Ultra Short Duration Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹227.45 Cr | - |
| Franklin India Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹227.45 Cr | - |
| Invesco India Ultra Short Term Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹858.79 Cr | 7.9% |
| Motilal Oswal Ultra Short Term Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹517.05 Cr | 6.0% |
| Motilal Oswal Ultra Short Term Fund Direct Growth Low to Moderate Risk | 0.5% | 0.0% | ₹517.05 Cr | 6.6% |
| ITI Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹180.28 Cr | 6.7% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹180.28 Cr | 7.6% |
| Sundaram Ultra Short Duration Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹1723.33 Cr | 7.9% |
| Nippon India Ultra Short Duration Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹6497.63 Cr | 8.1% |
| Kotak Savings Fund Direct Growth Low to Moderate Risk | 0.4% | 0.0% | ₹11872.80 Cr | 7.8% |
About the AMC
HDFC Mutual Fund
Total AUM
₹7,00,201 Cr
Address
“HUL House”, 2nd Floor, Mumbai, 400 020
Other Funds by HDFC Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of HDFC Ultra Short Term Fund Direct Growth?
The NAV of HDFC Ultra Short Term Fund Direct Growth, as of 17-Apr-2025, is ₹15.26.
What are the returns of HDFC Ultra Short Term Fund Direct Growth?
The fund has generated 7.89% over the last 1 year and 7.10% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of HDFC Ultra Short Term Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 41.19% in bonds, and 58.52% in cash and cash equivalents.
Who manages the HDFC Ultra Short Term Fund Direct Growth?
The fund managers responsible for HDFC Ultra Short Term Fund Direct Growth are:-
- Anil Bamboli
- Praveen Jain
- Dhruv Muchhal
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
HDFC Ultra Short Term Fund Direct Growth
DebtUltra Short DurationLow to Moderate Risk
Direct
NAV (17-Apr-25)
₹15.260.03%1D
Returns (Since Inception)
6.66%
Rated ★4.3+ on
Fund Overview
Fund Size
₹13,225 Cr
Expense Ratio
0.37%
ISIN
INF179KB15Q6
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
25 Sep 2018
Risk Level
Your principal amount will be at Low to Moderate Risk
About this fund
HDFC Ultra Short Term Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by HDFC Mutual Fund. This fund has been in existence for 6 years, 6 months and 25 days, having been launched on 25-Sep-18.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹15.26, Assets Under Management (AUM) of 13225.09 Crores, and an expense ratio of 0.37%.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹15.26, Assets Under Management (AUM) of 13225.09 Crores, and an expense ratio of 0.37%.
- HDFC Ultra Short Term Fund Direct Growth has given a CAGR return of 6.66% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 41.19% in debts, and 58.52% in cash & cash equivalents.
- You can start investing in HDFC Ultra Short Term Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.89%
+6.80% (Cat Avg.)
3 Years
+7.10%
+6.38% (Cat Avg.)
5 Years
+6.22%
+5.49% (Cat Avg.)
Since Inception
+6.66%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Debt | ₹5,447.19 Cr | 41.19% |
| Others | ₹7,777.91 Cr | 58.81% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| Punjab National Bank (18/03/2026) | Cash - CD/Time Deposit | ₹467.54 Cr | 3.54% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹389.7 Cr | 2.95% |
| Treps - Tri-Party Repo | Cash - Repurchase Agreement | ₹351.32 Cr | 2.66% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹325.72 Cr | 2.46% |
| LIC Housing Finance Ltd | Cash - Commercial Paper | ₹314.74 Cr | 2.38% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹293.43 Cr | 2.22% |
| Bank Of Baroda** | Cash - CD/Time Deposit | ₹285.76 Cr | 2.16% |
| INDIA UNIVERSAL TRUST AL2 | Bond - Asset Backed | ₹281.79 Cr | 2.13% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹266.48 Cr | 2.01% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹262.64 Cr | 1.99% |
| IIFL Finance Limited | Bond - Corporate Bond | ₹249.41 Cr | 1.89% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹242.21 Cr | 1.83% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹241.29 Cr | 1.82% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹240.96 Cr | 1.82% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹239.23 Cr | 1.81% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹238.76 Cr | 1.81% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹199.9 Cr | 1.51% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹195.03 Cr | 1.47% |
| Net Current Assets | Cash | ₹-194.3 Cr | 1.47% |
| Small Industries Development Bank of India | Cash - CD/Time Deposit | ₹192.26 Cr | 1.45% |
| Treasury Bills | Bond - Gov't/Treasury | ₹190.58 Cr | 1.44% |
| Indian Bank | Cash - CD/Time Deposit | ₹189.48 Cr | 1.43% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹189.07 Cr | 1.43% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹179.52 Cr | 1.36% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹173.94 Cr | 1.32% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹172.07 Cr | 1.30% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹149.94 Cr | 1.13% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹147.81 Cr | 1.12% |
| 182 DTB 10072025 | Bond - Gov't/Treasury | ₹147.44 Cr | 1.11% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹143.79 Cr | 1.09% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹143.07 Cr | 1.08% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹141.57 Cr | 1.07% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹141.33 Cr | 1.07% |
| Icici Securities Limited | Cash - Commercial Paper | ₹140.3 Cr | 1.06% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹135.56 Cr | 1.03% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹135.3 Cr | 1.02% |
| Sikka Ports & Terminals Limited | Bond - Corporate Bond | ₹133.78 Cr | 1.01% |
| 91 DTB 10042025 | Bond - Gov't/Treasury | ₹129.8 Cr | 0.98% |
| 91 Days Tbill | Bond - Gov't/Treasury | ₹124.96 Cr | 0.94% |
| Icici Securities Limited (Earlier Icici Brokerage Services Limited) | Cash - Commercial Paper | ₹122.87 Cr | 0.93% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹121.68 Cr | 0.92% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹117.32 Cr | 0.89% |
| VAJRA 009 TRUST | Bond - Asset Backed | ₹111.65 Cr | 0.84% |
| Hsbc Investdirect Financial Services (India) Limited | Cash - Commercial Paper | ₹106.02 Cr | 0.80% |
| LIC Housing Finance Ltd. | Bond - Corporate Bond | ₹100.48 Cr | 0.76% |
| National Housing Bank | Bond - Corporate Bond | ₹100.48 Cr | 0.76% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹100.4 Cr | 0.76% |
| Rec Limited | Bond - Corporate Bond | ₹100.39 Cr | 0.76% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹99.87 Cr | 0.76% |
| Canara Bank | Cash - CD/Time Deposit | ₹98.93 Cr | 0.75% |
| Icici Securities Primary Dealership Ltd | Cash - Commercial Paper | ₹98.71 Cr | 0.75% |
| 182 DTB 19062025 | Bond - Gov't/Treasury | ₹98.65 Cr | 0.75% |
| Sharekhan Limited | Cash - Commercial Paper | ₹98.47 Cr | 0.74% |
| 182 DTB 31072025 | Bond - Gov't/Treasury | ₹97.93 Cr | 0.74% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹97.49 Cr | 0.74% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹97.26 Cr | 0.74% |
| Hero Fincorp Limited | Cash - Commercial Paper | ₹95.58 Cr | 0.72% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹95.37 Cr | 0.72% |
| Bank Of India | Cash - CD/Time Deposit | ₹95.31 Cr | 0.72% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹95.17 Cr | 0.72% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹94.48 Cr | 0.71% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹94.28 Cr | 0.71% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹94.22 Cr | 0.71% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹94.05 Cr | 0.71% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹93.49 Cr | 0.71% |
| UNIVERSE TRUST DEC 2024 | Bond - Asset Backed | ₹89.7 Cr | 0.68% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹84.98 Cr | 0.64% |
| Rec Limited | Bond - Corporate Bond | ₹84.09 Cr | 0.64% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹75.42 Cr | 0.57% |
| Tata Housing Development Company Limited | Bond - Corporate Bond | ₹75.19 Cr | 0.57% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹75.12 Cr | 0.57% |
| Can Fin Homes Limited | Bond - Corporate Bond | ₹75.09 Cr | 0.57% |
| 182 DTB 10042025 | Bond - Gov't/Treasury | ₹74.88 Cr | 0.57% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹72.65 Cr | 0.55% |
| Deutsche Investments India Private Limited | Cash - Commercial Paper | ₹72.53 Cr | 0.55% |
| National Bank For Agriculture & Rural Development** | Cash - CD/Time Deposit | ₹70.22 Cr | 0.53% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹65.26 Cr | 0.49% |
| INDIGO 041 | Bond - Asset Backed | ₹63.43 Cr | 0.48% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹50.11 Cr | 0.38% |
| Titan Company Limited | Bond - Corporate Bond | ₹50.05 Cr | 0.38% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹49.96 Cr | 0.38% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹49.95 Cr | 0.38% |
| Mahindra Rural Housing Finance Limited | Bond - Corporate Bond | ₹49.95 Cr | 0.38% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹49.92 Cr | 0.38% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹49.91 Cr | 0.38% |
| Rec Limited | Bond - Corporate Bond | ₹49.41 Cr | 0.37% |
| Sharekhan Limited | Cash - Commercial Paper | ₹48.15 Cr | 0.36% |
| Sharekhan Limited | Cash - Commercial Paper | ₹48.06 Cr | 0.36% |
| Axis Bank Ltd. | Cash - CD/Time Deposit | ₹47.87 Cr | 0.36% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹47.85 Cr | 0.36% |
| Canara Bank | Cash - CD/Time Deposit | ₹47.57 Cr | 0.36% |
| Julius Baer Capital (India) Private Limited | Cash - Commercial Paper | ₹47.56 Cr | 0.36% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹47.25 Cr | 0.36% |
| VAJRA 014 TRUST | Bond - Asset Backed | ₹46.53 Cr | 0.35% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹42.38 Cr | 0.32% |
| 6.80% Govt Stock 2025 | Bond - Gov't/Treasury | ₹39.73 Cr | 0.30% |
| Corporate Debt Market Development Fund | Mutual Fund - Open End | ₹38.63 Cr | 0.29% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹34.95 Cr | 0.26% |
| Goi 16.06.2025 Gov | Bond - Gov't/Treasury | ₹34.33 Cr | 0.26% |
| Jamnagar Utilities & Power Private Limited | Bond - Corporate Bond | ₹31.93 Cr | 0.24% |
| Mankind Pharma Ltd | Bond - Corporate Bond | ₹30.16 Cr | 0.23% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹29.98 Cr | 0.23% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹25.09 Cr | 0.19% |
| Mankind Pharma Ltd | Bond - Corporate Bond | ₹25.09 Cr | 0.19% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.08 Cr | 0.19% |
| Citicorp Finance (India) Limited | Bond - Corporate Bond | ₹25.07 Cr | 0.19% |
| HDB Financial Services Ltd. | Bond - Corporate Bond | ₹25.07 Cr | 0.19% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹25.05 Cr | 0.19% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹25.04 Cr | 0.19% |
| 07.89 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹25.04 Cr | 0.19% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.04 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.03 Cr | 0.19% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.19% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹24.99 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.98 Cr | 0.19% |
| Can Fin Homes Limited | Bond - Corporate Bond | ₹24.97 Cr | 0.19% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹24.97 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.96 Cr | 0.19% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹24.95 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.95 Cr | 0.19% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹24.93 Cr | 0.19% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹24.83 Cr | 0.19% |
| VAJRA 006 TRUST | Bond - Asset Backed | ₹23.48 Cr | 0.18% |
| VAJRA 004 TRUST | Bond - Asset Backed | ₹17.09 Cr | 0.13% |
| Housing And Urban Development Corporation Ltd. | Bond - Corporate Bond | ₹10.04 Cr | 0.08% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.08% |
| India (Republic of) | Bond - Short-term Government Bills | ₹5 Cr | 0.04% |
| Rec Limited | Bond - Corporate Bond | ₹4.94 Cr | 0.04% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹4,675.36 Cr | 35.35% |
| Bond - Corporate Bond | ₹4,482.45 Cr | 33.89% |
| Cash - Commercial Paper | ₹1,682.82 Cr | 12.72% |
| Bond - Gov't/Treasury | ₹1,456.66 Cr | 11.01% |
| Bond - Asset Backed | ₹633.67 Cr | 4.79% |
| Cash - Repurchase Agreement | ₹351.32 Cr | 2.66% |
| Cash | ₹-194.3 Cr | 1.47% |
| Bond - Gov't Agency Debt | ₹93.49 Cr | 0.71% |
| Mutual Fund - Open End | ₹38.63 Cr | 0.29% |
| Bond - Short-term Government Bills | ₹5 Cr | 0.04% |
Risk & Performance Ratios
Standard Deviation
This fund
0.45%
Cat. avg.
0.60%
Lower the better
Sharpe Ratio
This fund
1.16
Cat. avg.
-0.47
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.18
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st March 2025
ISIN INF179KB15Q6 | Expense Ratio 0.37% | Exit Load No Charges | Fund Size ₹13,225 Cr | Age 6 years 6 months | Lumpsum Minimum ₹100 | Fund Status Open Ended Investment Company | Benchmark CRISIL Ultra Short Duration Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| Franklin India Ultra Short Duration Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹227.45 Cr | - |
| Franklin India Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹227.45 Cr | - |
| Invesco India Ultra Short Term Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹858.79 Cr | 7.9% |
| Motilal Oswal Ultra Short Term Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹517.05 Cr | 6.0% |
| Motilal Oswal Ultra Short Term Fund Direct Growth Low to Moderate Risk | 0.5% | 0.0% | ₹517.05 Cr | 6.6% |
| ITI Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹180.28 Cr | 6.7% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹180.28 Cr | 7.6% |
| Sundaram Ultra Short Duration Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹1723.33 Cr | 7.9% |
| Nippon India Ultra Short Duration Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹6497.63 Cr | 8.1% |
| Kotak Savings Fund Direct Growth Low to Moderate Risk | 0.4% | 0.0% | ₹11872.80 Cr | 7.8% |
About the AMC
HDFC Mutual Fund
Total AUM
₹7,00,201 Cr
Address
“HUL House”, 2nd Floor, Mumbai, 400 020
Other Funds by HDFC Mutual Fund
Related Articles
Still got questions?
We're here to help.
What is the current NAV of HDFC Ultra Short Term Fund Direct Growth?
The NAV of HDFC Ultra Short Term Fund Direct Growth, as of 17-Apr-2025, is ₹15.26.
What are the returns of HDFC Ultra Short Term Fund Direct Growth?
The fund has generated 7.89% over the last 1 year and 7.10% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of HDFC Ultra Short Term Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 41.19% in bonds, and 58.52% in cash and cash equivalents.
Who manages the HDFC Ultra Short Term Fund Direct Growth?
The fund managers responsible for HDFC Ultra Short Term Fund Direct Growth are:-
- Anil Bamboli
- Praveen Jain
- Dhruv Muchhal
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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