ITI Ultra Short Term Fund
NAV
₹1,374.49
as of 21 Aug 2026
ITI Ultra Short Term Fund is an open-ended Ultra Short Duration Fund scheme from ITI Mutual Fund managing ₹163 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹1,374.49 as of 21 Aug 2026. The expense ratio is 0.21% a year. Managed by Laukik Bagwe. This page is factual data only — it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.21% / yr
- as of 30 Jun 2026
- Fund size
- ₹163 crore
- as of 31 Jul 2026
- Exit load
- None
- SIP available
- Yes
- Launched
- 6 May 2021
- ISIN
- INF00XX01AE2
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from NYVO’s own NAV data.
Rebased to 100data to 20 Aug 2026
ITI Ultra Short Term Fund
₹136
+36% on ₹100 over 5.0 yrs
Ultra Short Duration Fund average
₹136
+36% on ₹100 over 5.0 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | 1.86% | – | – |
| 6 months | 3.31% | – | – |
| 1 year | 6.43% | – | – |
| 3 years (CAGR) | 7.10% | – | – |
| 5 years (CAGR) | 6.33% | – | – |
No category average is available for this fund. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible — read that number first.
1-year holding periods
- Worst
- 3.6%
- Median
- 7.1%
- Best
- 7.6%
49 windows over the last 60 months, stepped monthly; 100% ended positive. Worst window began 2 Aug 2021. Windows overlap — this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 5.9%
- Median
- 7.1%
- Best
- 7.3%
25 windows over the last 60 months, stepped monthly; 100% ended positive. Worst window began 2 Aug 2021. Windows overlap — this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 1.76
- Sharpe ratio (5Y)
- 1.04
- Sortino ratio (3Y)
- 5.10 vs category 2.13
- Standard deviation (3Y)
- 0.36%
Where the money actually is
Bonds
24.3%
Cash
75.7%
Whole-portfolio split, as of 31 Jul 2026.
What it owns
25 positions · top 10 = 64.1%
Top holdings
- Indian Bankmatures 24 Jun 20278.68%
- Bank Of Barodamatures 3 May 20278.28%
- India (Republic of)matures 17 Sep 20267.33%
- Icici Securities Limited (Earlier Icici Brokerage Services Limited)matures 3 Sep 20266.73%
- Rural Electrification Corporation Limitedmatures 12 Mar 20276.18%
- Axis Bank Ltd.matures 12 Feb 20275.93%
- Small Industries Dev Bank Of Indiamatures 18 Feb 20275.92%
- Treps 03-Aug-2026matures 3 Aug 20265.84%
- National Bank For Agriculture And Rural Developmentmatures 4 Sep 20265.50%
- HDFC Bank Limitedmatures 9 Oct 20263.67%
Holdings as of 31 Jul 2026. Portfolio turnover 646.8% a year.
Exposure figures are gross: funds that use derivatives (arbitrage, hedged books) hold offsetting positions, so concentration and turnover can read above 100%.
The debt it holds
- Yield to maturity
- 6.50% vs category 6.85%
- Modified duration
- 0.36 yrs vs category 0.70 yrs
- Average maturity
- 0.36 yrs vs category 0.71 yrs
- Government securities
- 12.2%
Credit quality
- AAA
- 100.0%
Government securities are counted inside AAA by the data provider’s ladder; the sovereign share is listed separately above. Credit quality as of 30 Jun 2026.
Portfolio characteristics as of 31 Jul 2026. Yield to maturity is what the portfolio would return if every holding were held to maturity and paid in full. It is not a forecast of the fund’s return, and it is quoted before expenses.
Money in, money out
- Net flow, 3 months
- +₹19 cr
as of 31 Jul 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of ITI Ultra Short Term Fund?
- ₹1,374.49 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of ITI Ultra Short Term Fund?
- 0.21% a year for the Direct plan, as of 30 Jun 2026.
- How large is ITI Ultra Short Term Fund?
- ₹163 crore under management as of 31 Jul 2026, in the Ultra Short Duration Fund category.
- How risky is ITI Ultra Short Term Fund?
- Its SEBI Riskometer reading is "Low to Moderate Risk". Three months to three years of lending. Where sensible near-term money quietly sits.
- What are the 5-year returns of ITI Ultra Short Term Fund?
- 6.33% a year over the last 5 years (Direct plan, CAGR). Past returns do not predict future returns.
- What is the worst 3-year return of ITI Ultra Short Term Fund?
- 5.9% a year — the weakest of 25 overlapping 3-year holding periods, beginning 2 Aug 2021. The median was 7.1% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages ITI Ultra Short Term Fund?
- Laukik Bagwe, managing this fund for 1.5 years.
Where this fund sits
Its shelf, all funds
Sd · Short duration →
Three months to three years of lending. Where sensible near-term money quietly sits.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund — growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Ultra Short Duration Fund funds
- Aditya Birla Sun Life Savings Fund₹18,189 crore
- HDFC Ultra Short Term Fund₹16,678 crore
- Kotak Savings Fund₹15,708 crore
- ICICI Prudential Ultra Short term Fund₹15,455 crore
- Nippon India Ultra Short Duration Fund₹11,659 crore
- SBI ULTRA SHORT DURATION FUND₹11,165 crore
- PGIM India Ultra Short Duration Fund₹176 crore
- BANK OF INDIA ULTRA SHORT DURATION FUND₹168 crore
Data: NYVO research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.