{"id":230097,"date":"2026-09-03T19:15:41","date_gmt":"2026-09-03T13:45:41","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=230097"},"modified":"2026-09-03T19:15:43","modified_gmt":"2026-09-03T13:45:43","slug":"aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/","title":{"rendered":"Aditya Birla SL Ultra Short Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-ultra-short-term-fund-g-direct-plan\">Aditya Birla SL Ultra Short Term Fund Direct Growth Plan<\/a> has a NAV of \u20b9603.0137 as of 02 Sep 2026 and an AUM of \u20b918,189 Cr. Its 1-year, 3-year and 5-year returns are 6.7%, 7.51% and 6.73%, respectively, and the scheme sits in the Medium Risk category.<\/p>\n<p>Our view is that this is a relatively steady debt option for conservative investors who want moderate return potential without stretching into more volatile segments. The portfolio leans on treasury bills, CDs, CPs and corporate debt, which supports a shorter-duration, cash-like character rather than aggressive return seeking.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Aditya_Birla_SL_Ultra_Short_Term\" title=\"Should you BUY or HOLD Aditya Birla SL Ultra Short Term?\">Should you BUY or HOLD Aditya Birla SL Ultra Short Term?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-ultra-short-term-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b9603.0137 as of 02 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b918,189 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.34%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>01 Jan 2013<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b91,000<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Medium Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Debt<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load after holding period<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Kaustubh Gupta, Sunaina da Cunha, Monika Gandhi<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Kaustubh Gupta, Sunaina da Cunha and Monika Gandhi.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 02 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>0.59%<\/td>\n<td>-3.47%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>2.14%<\/td>\n<td>2.17%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>6.7%<\/td>\n<td>-3.84%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.51%<\/td>\n<td>5.8%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>6.73%<\/td>\n<td>6.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent pattern is steadier than the benchmark\u2019s behaviour. Over 1 month, the fund stayed mildly positive while the benchmark was negative, and over 1 year the gap is wider because the benchmark delivered a negative return while the fund remained positive. That supports the idea that this debt fund has been better insulated from the kind of swings that can affect the benchmark.<\/p>\n<p>The medium-term record is also respectable. The 3-year return at 7.51% is above the 1-year figure, which suggests the fund has maintained a fairly consistent compounding profile rather than relying on a single strong stretch. The 5-year number at 6.73% is close to the 1-year outcome and remains ahead of the benchmark\u2019s 6.3%, so the longer window does not point to a sharp deterioration in trend.<\/p>\n<p>What matters more for investors is the shape of the path. The 1-month and 3-month data show limited movement, while the 1-year and 3-year windows point to a controlled return pattern. In our view, that makes the fund more suitable for investors who value predictability and capital stability over rapid return jumps.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 02 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Aditya_Birla_SL_Ultra_Short_Term\"><\/span>Should you BUY or HOLD Aditya Birla SL Ultra Short Term?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding Aditya Birla SL Ultra Short Term? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-ultra-short-term-fund-g-direct-plan\">Tata Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>7.03%<\/td>\n<td>7.53%<\/td>\n<td>6.74%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-ultra-short-term-fund-g-direct-plan\">Aditya Birla SL Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.7%<\/td>\n<td>7.51%<\/td>\n<td>6.73%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-short-term-fund-g-direct-plan\">ICICI Pru Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.56%<\/td>\n<td>7.85%<\/td>\n<td>7.16%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-short-term-fund-g-direct-plan\">Axis Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.2%<\/td>\n<td>7.78%<\/td>\n<td>6.77%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/mahindra-manulife-short-term-fund-g-direct-plan\">Mahindra Manulife Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.19%<\/td>\n<td>7.76%<\/td>\n<td>6.61%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>The current fund\u2019s 1-year return is close to the stronger peer outcomes, though Tata Ultra Short Term Fund Direct Growth Plan is slightly higher on that measure. Over 3 years, the fund stays very near Tata\u2019s figure, while ICICI Pru Short Term Fund Direct Growth Plan and Axis Short Term Fund Direct Growth Plan are higher. Over 5 years, the fund is again close to Tata and below ICICI Pru, which tells us the longer record is solid but not the strongest in this peer set. The short-term and longer-term comparisons are broadly aligned: the fund is competitive, steady and near the middle of the available return spread rather than showing a dramatic gap in either direction.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 02 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>182 Day T-Bill 18.09.26<\/td>\n<td>Treasury Bills<\/td>\n<td>4.64%<\/td>\n<\/tr>\n<tr>\n<td>National Bank for Agriculture and Rural Development (18\/03\/2027) **#<\/td>\n<td>Certificate of Deposit<\/td>\n<td>4.03%<\/td>\n<\/tr>\n<tr>\n<td>Indusind Bank Ltd. (14\/12\/2026) **#<\/td>\n<td>Certificate of Deposit<\/td>\n<td>4.02%<\/td>\n<\/tr>\n<tr>\n<td>Tata Teleservices (Maharastra) Ltd. (17\/11\/2026) **<\/td>\n<td>Commercial Paper<\/td>\n<td>3.23%<\/td>\n<\/tr>\n<tr>\n<td>9.05% Shriram Finance Ltd. (02\/09\/2027)<\/td>\n<td>Corporate Debt<\/td>\n<td>2.93%<\/td>\n<\/tr>\n<tr>\n<td>Small Industries Development Bank of India (10\/11\/2026) **#<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.7%<\/td>\n<\/tr>\n<tr>\n<td>National Bank for Agriculture and Rural Development (17\/02\/2027) **#<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.65%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Ltd. (09\/03\/2027) #<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.37%<\/td>\n<\/tr>\n<tr>\n<td>7.30% Bharti Telecom Ltd. (01\/12\/2027) **<\/td>\n<td>Corporate Debt<\/td>\n<td>2.18%<\/td>\n<\/tr>\n<tr>\n<td>8.05% Muthoot Finance Ltd. (25\/11\/2027) **<\/td>\n<td>Corporate Debt<\/td>\n<td>1.91%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 30.66% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-ultra-short-term-fund-g-direct-plan\">Aditya Birla SL Ultra Short Term Fund Direct Growth Plan<\/a> page<\/p>\n<p>The single largest holding, 182 Day T-Bill 18.09.26, is 4.64%. That is meaningful, but it is not large enough to dominate the portfolio on its own. The next few holdings stay in a fairly tight band around 4% to 2.7%, which suggests the fund does not rely on one very large position to drive outcomes.<\/p>\n<p>The drop from the first holding to the tenth is gradual rather than sharp. By the tenth row, the weight is 1.91%, so the displayed list spreads exposure across several instruments instead of concentrating it in just a couple of names. The mix of treasury bills, CDs, CPs and corporate debt also shows that the portfolio is built from short-duration credit and money-market style instruments.<\/p>\n<p>Because the top 10 add up to 30.66% and the fund discloses 67 holdings in total, the visible positions account for only part of the scheme. That points to a long tail of smaller holdings, which may help balance concentration in the largest names while still leaving the fund sensitive to the quality and liquidity of its shorter-term debt exposures.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 02 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund suits investors who are comfortable with medium risk but still want a relatively controlled debt profile. The return pattern is useful for those with a medium- to longer-term horizon, because the 1-year, 3-year and 5-year figures have stayed in a narrow band and have generally held up better than the benchmark.<\/p>\n<p>The trade-off is straightforward: you get steadier behaviour and a short-duration portfolio, but not the higher upside that comes with more aggressive credit or longer-duration bets. The mostly treasury, CD and CP-based mix points to a scheme that may fit investors looking for stability, liquidity and measured compounding rather than sharp return swings.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: No exit load after holding period.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 02 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of Aditya Birla SL Ultra Short Term Fund Direct Growth Plan?<\/strong><br \/>Its NAV is \u20b9603.0137 as of 02 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s returns are 6.7% over 1 year, 7.51% over 3 years and 6.73% over 5 years.<\/p>\n<p><strong>How has the fund performed versus the benchmark?<\/strong><br \/>It has stayed ahead of the benchmark over 1 year, 3 years and 5 years. The benchmark return is negative over 1 year, while the fund remains positive.<\/p>\n<p><strong>How does it compare with peer funds on returns?<\/strong><br \/>It is competitive across the available peer figures, with 1-year, 3-year and 5-year returns close to Tata Ultra Short Term Fund Direct Growth Plan and below ICICI Pru Short Term Fund Direct Growth Plan on the longer windows.<\/p>\n<p><strong>Is there a minimum SIP amount?<\/strong><br \/>No minimum SIP amount is stated here, so we do not present one.<\/p>\n<p><strong>Who manages the fund and what is the exit load?<\/strong><br \/>The fund is managed by Kaustubh Gupta, Sunaina da Cunha and Monika Gandhi. There is no exit load after the holding period.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aditya Birla SL Ultra Short Term Fund Direct Growth Plan has shown a steadier return pattern over short, medium and longer windows, and it has stayed ahead of the benchmark on the available periods. The peer comparison also places it in a competitive band rather than an outlier position, with returns that remain close to several comparable short-term debt funds. Its Medium Risk label, treasury-heavy top holdings and broad spread across 67 disclosed holdings make it better suited to investors who want measured debt exposure and can accept moderate fluctuations in exchange for stability.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 3 September 2026 at 6:48 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Aditya Birla SL Ultra Short Term Fund Direct Growth Plan\",\"identifier\":\"aditya-birla-sl-ultra-short-term-fund-g-direct-plan\",\"category\":\"Debt\",\"dateCreated\":\"01 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":603.0137,\"valueReference\":\"as of 02 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"18189 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.34\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":6.7},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.51},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":6.73},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Kaustubh Gupta, Sunaina da Cunha, Monika Gandhi\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Aditya Birla SL Ultra Short Term Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its NAV is \u20b9603.0137 as of 02 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s returns are 6.7% over 1 year, 7.51% over 3 years and 6.73% over 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund performed versus the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has stayed ahead of the benchmark over 1 year, 3 years and 5 years. The benchmark return is negative over 1 year, while the fund remains positive.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer funds on returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is competitive across the available peer figures, with 1-year, 3-year and 5-year returns close to Tata Ultra Short Term Fund Direct Growth Plan and below ICICI Pru Short Term Fund Direct Growth Plan on the longer windows.\"}},{\"@type\":\"Question\",\"name\":\"Is there a minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No minimum SIP amount is stated here, so we do not present one.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Kaustubh Gupta, Sunaina da Cunha and Monika Gandhi. There is no exit load after the holding period.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Person\",\"name\":\"{{ANALYST_NAME}}\",\"affiliation\":{\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\"},\"description\":\"Uniapps Investment Adviser Pvt. 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