{"id":242986,"date":"2026-09-11T10:10:08","date_gmt":"2026-09-11T04:40:08","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/icici-pru-ultra-short-term-fund-direct-growth-review-2026\/"},"modified":"2026-09-11T10:10:08","modified_gmt":"2026-09-11T04:40:08","slug":"icici-pru-ultra-short-term-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/icici-pru-ultra-short-term-fund-direct-growth-review-2026\/","title":{"rendered":"ICICI Pru 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\/icici-pru-ultra-short-term-fund-g-direct-plan\">ICICI Pru Ultra Short Term Fund Direct Growth Plan<\/a> currently has a NAV of \u20b932.4296 as of 10 Sep 2026 and a scheme AUM of \u20b915,973 Cr. Its 1-year, 3-year and 5-year returns are 6.84%, 7.44% and 6.76% respectively, and it carries a Medium Risk tag. Our view is that it suits conservative debt investors who want relatively steady accrual-oriented exposure rather than sharp return swings.<\/p>\n<p>The fund\u2019s return pattern has been stable enough over time, while the benchmark has been weaker over the same long stretch. That combination, along with a portfolio built around cash equivalents, CDs, treasury bills and short-duration money-market style instruments, points to a fund that is more about consistency than aggressive upside.<\/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-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-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-term-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_ICICI_Pru_Ultra_Short_Term\" title=\"Should you BUY or HOLD ICICI Pru Ultra Short Term?\">Should you BUY or HOLD ICICI Pru 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\/icici-pru-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\/icici-pru-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\/icici-pru-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\/icici-pru-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\/icici-pru-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\/icici-pru-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\/icici-pru-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\/icici-pru-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>\u20b932.4296 as of 10 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b915,973 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.39%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>08 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<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Manish Banthia, Ritesh Lunawat<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Manish Banthia and Ritesh Lunawat.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 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>-4.06%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.94%<\/td>\n<td>1.37%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>6.84%<\/td>\n<td>-7.31%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.44%<\/td>\n<td>6.07%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>6.76%<\/td>\n<td>5.91%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Recent performance has been constructive. Over 1 month, the fund has stayed positive while the benchmark has been negative, which tells us the scheme has continued to generate small accrual gains even when the comparison index was under pressure. The 3-month figure is also positive and slightly ahead of the benchmark, so the short-term trend does not look erratic.<\/p>\n<p>The longer pattern is more important for this scheme. The 1-year return of 6.84% is meaningfully better than the benchmark\u2019s -7.31%, and the 3-year and 5-year figures remain ahead as well. That gap does not signal high-flying growth; it points to a debt fund that has preserved a steadier return path than the benchmark used for comparison.<\/p>\n<p>We also see some near-term variability in the rolling pattern, but not the kind that changes the overall picture. The fund\u2019s 3-year and 5-year return profile suggests an accrual-led strategy that has compounded at a moderate pace, while recent months show that the fund has still been able to stay in positive territory.<\/p>\n<p>For investors, the main takeaway is that this is not a momentum story. It is a relatively measured return profile with the advantage of being ahead of the benchmark across every displayed period.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 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_Term\"><\/span>Should you BUY or HOLD ICICI Pru 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 ICICI Pru 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\/nippon-india-ultra-short-term-fund-g-direct-plan\">Nippon India Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>7.11%<\/td>\n<td>7.61%<\/td>\n<td>6.98%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-ultra-short-term-fund-g-direct-plan\">Axis Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.9%<\/td>\n<td>7.47%<\/td>\n<td>6.77%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/invesco-india-ultra-short-term-fund-g-direct-plan\">Invesco India Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.87%<\/td>\n<td>7.37%<\/td>\n<td>6.61%<\/td>\n<\/tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-ultra-short-term-fund-g-direct-plan\">ICICI Pru Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.84%<\/td>\n<td>7.44%<\/td>\n<td>6.76%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/dsp-ultra-short-term-fund-g-direct-plan\">DSP Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.83%<\/td>\n<td>7.45%<\/td>\n<td>6.65%<\/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>Against the strongest 1-year peer figure in this group, the fund sits a little lower, but the gap is small. The more useful comparison is that its 3-year return is stronger than several peers, while its 5-year return remains in the same general band as the better names in the list.<\/p>\n<p>That tells us the fund has not relied on one sharp recent burst of outperformance. Its short-term showing is respectable, and its longer-term outcome looks competitive enough to support a stable income-style allocation. The peer set also suggests the difference between the schemes is fairly narrow, so the fund\u2019s appeal comes more from consistent behaviour than from a standout one-period surge.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 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>TREPS<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>5.34%<\/td>\n<\/tr>\n<tr>\n<td>Small Industries Development Bank of India. **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>5.14%<\/td>\n<\/tr>\n<tr>\n<td>91 Days Treasury Bills<\/td>\n<td>Treasury Bills<\/td>\n<td>4.98%<\/td>\n<\/tr>\n<tr>\n<td>NABARD **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>3.5%<\/td>\n<\/tr>\n<tr>\n<td>Bank of Baroda **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>3.05%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Ltd. **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>3.04%<\/td>\n<\/tr>\n<tr>\n<td>Angel One Ltd. **<\/td>\n<td>Commercial Paper<\/td>\n<td>2.99%<\/td>\n<\/tr>\n<tr>\n<td>Canara Bank<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.88%<\/td>\n<\/tr>\n<tr>\n<td>Indusind Bank Ltd. **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.43%<\/td>\n<\/tr>\n<tr>\n<td>Punjab National Bank<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.43%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 35.78% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-ultra-short-term-fund-g-direct-plan\">ICICI Pru Ultra Short Term Fund Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding is TREPS at 5.34%, which is not a dominant single-position bet. The tenth holding is 2.43%, so the drop from the largest position to the tenth is fairly gradual rather than abrupt. That pattern usually points to a portfolio where influence is spread across several short-duration instruments instead of being concentrated in one line item.<\/p>\n<p>The displayed holdings also show a heavy tilt toward certificate of deposit exposure, alongside treasury bills, commercial paper and cash equivalents. Since the top 10 holdings make up 35.78% of the portfolio and the scheme has 55 disclosed holdings in total, the visible book may be fairly diversified across a longer tail even though the largest names still matter.<\/p>\n<p>From an investor\u2019s point of view, that mix may support steady accrual generation, but it can also mean the fund depends on the credit and liquidity profile of many smaller positions rather than a single obvious anchor. That is consistent with an ultra-short term debt approach.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 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 is suited to investors who are comfortable with a Medium Risk debt scheme and want a relatively stable return pattern rather than equity-style upside. The 1-year, 3-year and 5-year numbers suggest a fairly consistent compounding profile, and the fund has also stayed ahead of the benchmark across the displayed periods.<\/p>\n<p>The main trade-off is that the return profile is modest rather than aggressive, so it is better viewed as a short-horizon or intermediate cash-management style allocation than a high-growth holding. The portfolio mix, with TREPS, CDs and treasury bills among the largest positions, supports that role. Investors looking for steadier accrual with limited portfolio drama may find the fit more relevant than those seeking big 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.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 10 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 Term Fund Direct Growth Plan?<\/strong><br \/>Its NAV is \u20b932.4296 as of 10 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s 1-year, 3-year and 5-year returns are 6.84%, 7.44% and 6.76%.<\/p>\n<p><strong>How has the fund performed versus the benchmark?<\/strong><br \/>It has been ahead of the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The benchmark\u2019s 1-year return is negative, while the fund remains positive.<\/p>\n<p><strong>How does the fund compare with similar peers on returns?<\/strong><br \/>Its 1-year return is close to the better peer figures in the set, and its 3-year and 5-year returns stay in the same competitive band. The peer spread is fairly narrow.<\/p>\n<p><strong>What is the fund\u2019s minimum SIP amount?<\/strong><br \/>The minimum SIP amount is \u20b91,000.<\/p>\n<p><strong>Who manages the fund and what is the exit load?<\/strong><br \/>The fund is managed by Manish Banthia and Ritesh Lunawat. It has no exit load.<\/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 is a debt fund whose near-term behaviour is steady, while its 3-year and 5-year figures show a consistent compounding path. It compares well with the benchmark across all displayed periods, and its peer comparison is broadly competitive rather than extreme. The portfolio leans toward CDs, treasury bills and cash-like instruments, which fits the fund\u2019s moderate-risk profile. For investors who want a measured ultra-short term allocation with a fairly even return pattern, that combination may be more relevant than chasing the highest short-term number.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 11 September 2026 at 10:09 AM 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 Term Fund Direct Growth Plan\",\"identifier\":\"icici-pru-ultra-short-term-fund-g-direct-plan\",\"category\":\"Debt\",\"dateCreated\":\"08 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":32.4296,\"valueReference\":\"as of 10 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"15973 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.39\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":6.84},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.44},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":6.76},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Manish Banthia, Ritesh Lunawat\"}]}<\/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 Term Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its NAV is \u20b932.4296 as of 10 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 1-year, 3-year and 5-year returns are 6.84%, 7.44% and 6.76%.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund performed versus the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has been ahead of the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The benchmark\u2019s 1-year return is negative, while the fund remains positive.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with similar peers on returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is close to the better peer figures in the set, and its 3-year and 5-year returns stay in the same competitive band. The peer spread is fairly narrow.\"}},{\"@type\":\"Question\",\"name\":\"What is the fund\u2019s minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b91,000.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Manish Banthia and Ritesh Lunawat. It has no exit load.\"}}]}<\/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 Term Fund Direct Growth Plan has a NAV of \u20b932.4296 as of 10 Sep 2026, AUM of \u20b915,973 Cr and 1Y\/3Y\/5Y returns of 6.84%, 7.44% and 6.76%.<\/p>\n","protected":false},"author":38,"featured_media":242985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-242986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["242985"],"rank_math_title":["ICICI Pru Ultra Short Term Fund Review 2026"],"rank_math_description":["ICICI Pru Ultra Short Term Fund Direct Growth Plan NAV \u20b932.4296; 1Y return 6.84% and 5Y return 6.76% as of 10 Sep 2026."],"rank_math_focus_keyword":["ICICI Pru Ultra 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_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\/242986","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\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=242986"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/242985"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=242986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=242986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=242986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}