{"id":232513,"date":"2026-09-05T15:59:00","date_gmt":"2026-09-05T10:29:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/icici-pru-ultra-short-to-short-term-fund-direct-growth-review-2026\/"},"modified":"2026-09-05T15:59:00","modified_gmt":"2026-09-05T10:29:00","slug":"icici-pru-ultra-short-to-short-term-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/icici-pru-ultra-short-to-short-term-fund-direct-growth-review-2026\/","title":{"rendered":"ICICI Pru Ultra Short to Short Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-ultra-short-to-short-term-fund-g-direct-plan\">ICICI Pru Ultra Short to Short Term Fund Direct Growth Plan<\/a> has a NAV of \u20b9595.5872 as of 04 Sep 2026 and a scheme AUM of \u20b921,047 Cr. Its 1-year, 3-year and 5-year returns are 6.65%, 7.53% and 6.69%, and the fund sits in the Balanced Risk category.<\/p>\n<p>Our view is that this is a steady debt fund with moderate return consistency rather than a high-volatility story. The portfolio is built around short-duration credit and money-market style exposures, so it may suit investors who want relatively measured compounding over a meaningful horizon, with returns that have stayed close to the benchmark over time.<\/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\/icici-pru-ultra-short-to-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\/icici-pru-ultra-short-to-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\/icici-pru-ultra-short-to-short-term-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_ICICI_Pru_Ultra_Short_to_Short_Term\" title=\"Should you BUY or HOLD ICICI Pru Ultra Short to Short Term?\">Should you BUY or HOLD ICICI Pru Ultra Short to 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\/icici-pru-ultra-short-to-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\/icici-pru-ultra-short-to-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\/icici-pru-ultra-short-to-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\/icici-pru-ultra-short-to-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\/icici-pru-ultra-short-to-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\/icici-pru-ultra-short-to-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\/icici-pru-ultra-short-to-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\/icici-pru-ultra-short-to-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>\u20b9595.5872 as of 04 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b921,047 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.42%<\/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>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Balanced 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>Nikhil Kabra, Darshil Dedhia<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Nikhil Kabra and Darshil Dedhia.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 04 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>0.55%<\/td>\n<td>-2.95%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>2.13%<\/td>\n<td>2.27%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>6.65%<\/td>\n<td>-4.43%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.53%<\/td>\n<td>5.88%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>6.69%<\/td>\n<td>6.29%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent picture is constructive. The fund has stayed positive over 1 month and 3 months, and the 1-year return is materially better than the benchmark\u2019s negative reading. That tells us the scheme has handled the latest stretch more steadily than the index it is compared against.<\/p>\n<p>The longer view is also stable. The 3-year return is higher than the benchmark, while the 5-year return is only modestly ahead. That gap is not dramatic, but it does point to a fund that has added some value over time without looking like a very aggressive outlier.<\/p>\n<p>What stands out is that the short-term pattern is better than the benchmark, but the advantage is not uniformly wide across all horizons. The 3-year and 5-year numbers suggest a reasonably even compounding path rather than a sharp step-up in performance. That is a useful trait for investors who prefer smoother debt-fund behaviour over chasing large swings in returns.<\/p>\n<p>Overall, the return pattern suggests a fund that has been fairly resilient through different market phases, with recent numbers improving on the benchmark and longer-term returns staying close to it.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 04 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_ICICI_Pru_Ultra_Short_to_Short_Term\"><\/span>Should you BUY or HOLD ICICI Pru Ultra Short to 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 ICICI Pru Ultra Short to 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\/icici-pru-ultra-short-to-short-term-fund-g-direct-plan\">ICICI Pru Ultra Short to Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.65%<\/td>\n<td>7.53%<\/td>\n<td>6.69%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-floating-interest-rates-fund-g-direct-plan\">Axis Floating Interest Rates Fund Direct Growth Plan<\/a><\/td>\n<td>7.71%<\/td>\n<td>8.42%<\/td>\n<td>7.23%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-floating-interest-rates-fund-g-direct-plan\">Bandhan Floating Interest Rates Fund Direct Growth Plan<\/a><\/td>\n<td>7.07%<\/td>\n<td>7.92%<\/td>\n<td>6.79%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-floating-interest-rates-fund-g-direct-plan\">ICICI Pru Floating Interest Rates Fund Direct Growth Plan<\/a><\/td>\n<td>7.01%<\/td>\n<td>7.97%<\/td>\n<td>7.10%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/franklin-india-floating-interest-rates-fund-g-direct-plan\">Franklin India Floating Interest Rates Fund Direct Growth Plan<\/a><\/td>\n<td>6.96%<\/td>\n<td>8.19%<\/td>\n<td>7.18%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-floating-interest-rates-fund-g-direct-plan\">Tata Floating Interest Rates Fund Direct Growth Plan<\/a><\/td>\n<td>6.75%<\/td>\n<td>7.51%<\/td>\n<td>6.75%<\/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 fund\u2019s 1-year return is below the better-looking peer returns in this set, while its 3-year and 5-year numbers are also generally below the stronger floating-rate peers. That said, the gaps are not extreme, and the fund still shows a stable longer-run profile instead of a sharp break from the group.<\/p>\n<p>Its 3-year return is close to the middle of this peer set, but the 5-year number sits a little behind the stronger peers that have maintained higher compounding over time. The short-term and long-term comparisons therefore tell a mixed story: recent return strength is acceptable, yet several peers have posted firmer numbers across both the medium and longer horizons.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 04 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>Small Industries Development Bank of India. **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>5.89%<\/td>\n<\/tr>\n<tr>\n<td>Radhakrishna Securitization Trust **<\/td>\n<td>PTC &amp; Securitized Debt<\/td>\n<td>4.09%<\/td>\n<\/tr>\n<tr>\n<td>TREPS<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>3.95%<\/td>\n<\/tr>\n<tr>\n<td>7.44% NABARD<\/td>\n<td>Corporate Debt<\/td>\n<td>2.98%<\/td>\n<\/tr>\n<tr>\n<td>6.64% Government Securities<\/td>\n<td>Government Securities<\/td>\n<td>2.96%<\/td>\n<\/tr>\n<tr>\n<td>Indusind Bank Ltd. **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.77%<\/td>\n<\/tr>\n<tr>\n<td>Punjab National Bank<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.70%<\/td>\n<\/tr>\n<tr>\n<td>7.33% State Government of Karnataka<\/td>\n<td>Government Securities<\/td>\n<td>2.37%<\/td>\n<\/tr>\n<tr>\n<td>Punjab National Bank **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.31%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Ltd. **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.13%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 32.15% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-ultra-short-to-short-term-fund-g-direct-plan\">ICICI Pru Ultra Short to Short Term Fund Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding is Small Industries Development Bank of India. ** at 5.89%, which is meaningful but not dominant on its own. The weight then steps down fairly quickly, with the tenth holding at 2.13%, so the disclosed positions are not tightly clustered around a single idea.<\/p>\n<p>Because the top 10 together account for 32.15% and the scheme has 58 disclosed holdings, the portfolio appears to be spread across a longer tail of smaller positions. That structure may reduce dependence on any one name, while still leaving the larger certificate-of-deposit and debt exposures likely to have greater influence on near-term movement.<\/p>\n<p>From a portfolio-construction angle, the mix suggests a diversified short-duration debt book rather than a concentrated credit bet. The presence of cash equivalents, CDs, government securities and securitised debt also means the fund may balance liquidity and accrual exposure in a way that supports steadier behaviour.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 04 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 may suit investors who can accept debt-fund style fluctuations and want a return profile that is steadier than equity, but not fully static. The Balanced Risk label and the portfolio mix point to a moderate-risk profile, while the 1-year, 3-year and 5-year returns show a pattern of stable compounding rather than sharp jumps.<\/p>\n<p>It can fit an investment horizon of at least a few years, especially for investors who care about consistency versus the benchmark. The trade-off is that the return profile is relatively measured, and the fund does not try to deliver the kind of upside that equity-oriented products can offer.<\/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><strong>Exit load<\/strong>: No exit load after holding period.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 04 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 ICICI Pru Ultra Short to Short Term Fund Direct Growth Plan?<\/strong><br \/>Its NAV is \u20b9595.5872 as of 04 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 6.65% over 1 year, 7.53% over 3 years and 6.69% over 5 years.<\/p>\n<p><strong>How does the fund compare with its benchmark?<\/strong><br \/>It has outpaced the benchmark over 1 year, 3 years and 5 years. The 1-year gap is especially clear because the benchmark\u2019s reading is negative.<\/p>\n<p><strong>Which peer fund looks stronger on returns?<\/strong><br \/>Axis Floating Interest Rates Fund Direct Growth Plan shows stronger 1-year, 3-year and 5-year returns among the peer funds listed here. Several other peers also edge ahead on longer horizons.<\/p>\n<p><strong>Who manages the fund?<\/strong><br \/>The fund is managed by Nikhil Kabra and Darshil Dedhia.<\/p>\n<p><strong>What is the exit load and tax treatment?<\/strong><br \/>There is no exit load after the holding period. Tax is shown at 20% for units held less than 1 year and 12.5% for units held more than 1 year.<\/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>This fund has a steady long-term profile, with recent performance that stays ahead of the benchmark and a 3-year and 5-year record that remains reasonably close to peers. It does not stand out as the strongest returner in the peer set, but it also avoids the look of an erratic performer. The portfolio is spread across 58 disclosed holdings, and the top positions together account for 32.15%, which suggests a measured and diversified debt structure. That combination may appeal to investors seeking balanced-risk debt exposure with moderate compounding.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 5 September 2026 at 3:56 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\":\"ICICI Pru Ultra Short to Short Term Fund Direct Growth Plan\",\"identifier\":\"icici-pru-ultra-short-to-short-term-fund-g-direct-plan\",\"category\":\"Debt\",\"dateCreated\":\"01 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":595.5872,\"valueReference\":\"as of 04 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"21047 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.42\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":6.65},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.53},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":6.69},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Nikhil Kabra, Darshil Dedhia\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of ICICI Pru Ultra Short to Short Term Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its NAV is \u20b9595.5872 as of 04 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 6.65% over 1 year, 7.53% over 3 years and 6.69% over 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with its benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outpaced the benchmark over 1 year, 3 years and 5 years. The 1-year gap is especially clear because the benchmark\u2019s reading is negative.\"}},{\"@type\":\"Question\",\"name\":\"Which peer fund looks stronger on returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Axis Floating Interest Rates Fund Direct Growth Plan shows stronger 1-year, 3-year and 5-year returns among the peer funds listed here. Several other peers also edge ahead on longer horizons.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Nikhil Kabra and Darshil Dedhia.\"}},{\"@type\":\"Question\",\"name\":\"What is the exit load and tax treatment?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"There is no exit load after the holding period. Tax is shown at 20% for units held less than 1 year and 12.5% for units held more than 1 year.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICICI Pru Ultra Short to Short Term Fund Direct Growth Plan has a NAV of \u20b9595.5872 as of 04 Sep 2026, AUM of \u20b921,047 Cr and 1Y\/3Y\/5Y returns of 6.65%\/7.53%\/6.69%.<\/p>\n","protected":false},"author":29,"featured_media":232512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-232513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["232512"],"rank_math_title":["ICICI Pru Ultra Short to Short Term Fund Review"],"rank_math_description":["ICICI Pru Ultra Short to Short Term Fund Direct Growth Plan NAV \u20b9595.5872; 1Y return 6.65%; review of returns, portfolio and fit."],"rank_math_focus_keyword":["ICICI Pru Ultra Short to Short Term Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/ICICI_Pru_Ultra_Short_to_Short_Term_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/232513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=232513"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/232513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/232512"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=232513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=232513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=232513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}