Tata Ultra Short to Short Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Tata Ultra Short to Short Term Fund Direct Growth Plan has a NAV of ₹4,365.7509 as of 09 Sep 2026 and an AUM of ₹2,870 Cr. Its 1-year, 3-year and 5-year returns are 6.6%, 7.36% and 6.51%, and the scheme is tagged as Balanced Risk.
Our view is that this is a steady debt option for investors who want moderate return consistency rather than sharp upside. The portfolio is built around short-duration debt instruments, which helps explain the relatively measured return pattern and the lower volatility profile versus equity-linked choices.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹4,365.7509 as of 09 Sep 2026 |
| AUM | ₹2,870 Cr |
| Expense Ratio | 0.24% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹500 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Debt |
| Exit Load | No exit load after holding period |
| Fund Managers | Akhil Mittal, Dhawal Joshi |
The fund is managed by Akhil Mittal and Dhawal Joshi.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.54% | -4.69% |
| 3M | 1.93% | 0.93% |
| 1Y | 6.6% | -7.16% |
| 3Y | 7.36% | 6% |
| 5Y | 6.51% | 5.87% |
The short-term pattern has been stable, with small month-to-month movement and a gentle upward drift. That kind of path usually suits investors who value capital preservation and smoother outcomes more than fast gains.
The 1-month and 3-month figures show the fund holding up well even when the benchmark was uneven or negative over the same periods. That matters because it suggests the portfolio has not needed a strong market tailwind to deliver positive returns.
Over 1 year, the fund has clearly outpaced the benchmark, while the 3-year and 5-year results remain slightly ahead as well. The gap is not dramatic, but it does show that the fund has been able to compound at a disciplined pace across both shorter and longer windows.
For investors, the main takeaway is that recent behaviour is broadly in line with the longer trend rather than a sharp departure from it. We do not see a sudden jump in return profile; instead, the fund has continued to produce measured gains with comparatively restrained swings.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD Tata Ultra Short to Short Term?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Tata Ultra Short to Short Term? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata Ultra Short to Short Term Fund Direct Growth Plan | 6.6% | 7.36% | 6.51% |
| Franklin India Ultra Short to Short Term Fund Direct Growth Plan | 6.69% | Data not available | Data not available |
| Nippon India Ultra Short to Short Term Fund Direct Growth Plan | 6.66% | 7.52% | 6.75% |
| Nippon India Ultra Short to Short Term Fund(B)-Direct Plan | 6.66% | 7.52% | 6.75% |
| Mahindra Manulife Ultra Short to Short Term Fund Direct Growth Plan | 6.65% | 7.54% | 6.68% |
| Mirae Asset Ultra Short to Short Term Fund Direct Growth Plan | 6.63% | 7.52% | 6.62% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return is close to the stronger peer figures, with Franklin India slightly ahead at 6.69% and Nippon India and Mahindra Manulife also marginally higher. The 3-year and 5-year numbers sit in a similar band to the available peer set, but Nippon India and Mahindra Manulife edge ahead on the longer windows. That means the current fund looks competitive on recent returns, while the longer record is solid rather than distinctly superior.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ** – Small Indust Devlop Bank of India – CP – 08/09/2026 | Commercial Paper | 5.22% |
| ** 06.92 % DLF Cyber City Developers Ltd – 28/07/2028 | Corporate Debt | 4.28% |
| ** 06.52 % REC Ltd – 31/01/2028 | Corporate Debt | 3.44% |
| ** 07.08 % Jio Credit Ltd – 26/05/2028 | Corporate Debt | 3.43% |
| ** – Union Bank of India – CD – 12/03/2027 | Certificate of Deposit | 3.36% |
| SDL Kerala 7.80% (15/03/2027) | Government Securities | 3.34% |
| ** 07.54 % Mindspace Business Parks Reit – 18/02/2028 | Corporate Debt | 2.61% |
| ** Treasury Bill 91 Days (05/11/2026) | Treasury Bills | 2.59% |
| ** – NABARD – CD – 03/02/2027 | Certificate of Deposit | 2.54% |
| ** 07.69 % LIC Housing Finance Ltd – 11/12/2026 | Corporate Debt | 2.44% |
The top 10 holdings account for approximately 33.25% of the portfolio.
To see all holdings, visit the Tata Ultra Short to Short Term Fund Direct Growth Plan page
The largest holding is 5.22%, so no single position dominates the disclosed list by itself. The drop from the first holding to the tenth is gradual rather than abrupt, which suggests the visible sleeve is spread across several issuers instead of leaning too heavily on one name.
Even so, the top 10 account for 33.25% of the portfolio, while 57 holdings are disclosed in total. That combination points to a reasonably broad spread across the wider book, with the largest positions likely having greater influence on returns than the smaller tail, but not enough to imply a very concentrated structure.
Source data date: as of 09 Sep 2026
Who should invest
This fund is better suited to investors who can accept modest return variation and want a debt-oriented holding with a balanced risk tag. The 1-year, 3-year and 5-year figures show a fairly consistent compounding pattern, and the benchmark comparison suggests the fund has held up better than the market proxy across the same windows.
Its profile works best for a medium-term horizon where stability matters more than aggressive upside. The main trade-off is that returns are likely to remain measured, so investors must be comfortable with giving up the chance of sharper equity-style gains in exchange for a smoother path.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load after holding period.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of Tata Ultra Short to Short Term Fund Direct Growth Plan?
The NAV is ₹4,365.7509 as of 09 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The returns are 6.6% for 1 year, 7.36% for 3 years and 6.51% for 5 years.
How does the fund compare with its benchmark?
It has outperformed the benchmark across the periods shown. The benchmark’s 1-year return is -7.16%, while the fund’s 1-year return is 6.6%.
How does the fund compare with the peer funds listed here?
Its recent return is close to the better peer figures, while the 3-year and 5-year numbers are competitive but not clearly ahead of every comparable fund shown.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Akhil Mittal and Dhawal Joshi. There is no exit load after the holding period.
Bottom line
Tata Ultra Short to Short Term Fund Direct Growth Plan has delivered a steady pattern that looks consistent across recent and longer horizons, rather than a one-off burst of performance. It compares well with the benchmark and remains competitive against the peer funds listed here, though a few peers are slightly ahead on some longer-period figures. The Balanced Risk tag and the debt-heavy portfolio point to a relatively measured profile, with several issuers contributing rather than one dominant holding. For investors who value stability and moderate compounding, that mix may be a sensible fit.
Published on 10 September 2026 at 1:10 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.