HDFC Ultra Short Term Fund
Direct · Growth
· AMFI 145034
₹16.85
+6.3%over 1 year
Price of one unit (NAV) on 11 November 2026
NAV went from ₹15.86 on 11 November 2025 to ₹16.85 on 11 November 2026.
Past prices are not a forecast of anything.
Ask about this fund
Overview
- Kind of fund
- Ultra Short Duration
- Yearly fee
- 0.39%
- Since 30 September 2026
- Fund size
- ₹15,675 crore
- Started
- 25 September 2018
- Exit load
- None
- Compared against
- CRISIL Ultra Short Duration Debt A-I Index
- Plan
- Direct · Growth
- Holds
- 131 lines, no company shares
- 131 lines in all
- Holdings as at
- 29 September 2026
What does it hold?
Bonds and money market 99.8% · cash 0.2% · holdings as at 29 September 2026
- 1
NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT CD 12MAR27
8.7% - 2
Reserve Bank of India T-Bills 182-D
3.8% - 3
YES BANK LIMITED CD 12FEB27
3.1% - 4
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24E 7.80 BD 15MR27 FVRS1LAC
2.4% - 5
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 11AUG27
2.4% - 6
IIFL CAPITAL SERVICES LIMITED 182D CP 08DEC26
2.4% - 7
PUNJAB NATIONAL BANK CD 05FEB27
2.3% - 8
INDIAN OVERSEAS BANK CD 18FEB27
2.3% - 9
MINDSPACE BUSINESS PARKS REIT SR NCD8 7.93 NCD 20MR27 FVRS1LAC
2.2% - 10
RADHAKRISHNA SECURITISATION TRUST RK TRUST PTC 15SEPT25
2.1%
Show all 131
- 11
NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT CD 02MAR27
2.0% - 12
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25E 7.53 BD 24MR28 FVRS1LAC
1.9% - 13
REC LIMITED SR 249A 6.37 BD 31MR27 FVRS1LAC
1.9% - 14
ADITYA BIRLA RENEWABLES LIMITED 8.6 NCD 24SP27 FVRS1LAC
1.8% - 15
GOVERNMENT OF INDIA 37847 182 DAYS TBILL 18FB27 FV RS 100
1.7% - 16
POONAWALLA FINCORP LIMITED SR G1 TR 1 7.55 NCD 25MR27 FVRS1LAC
1.6% - 17
TATA CAPITAL HOUSING FINANCE LIMITED 365D CP 08JAN27
1.6% - 18
KOTAK MAHINDRA BANK LIMITED CD 05MAR27
1.6% - 19
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 18MAR27
1.6% - 20
SK FINANCE LIMITED 9.25 NCD 15JL27 FVRS1LAC
1.3% - 21
360 ONE PRIME LIMITED 8.80 NCD 18MY28 FVRS1LAC
1.3% - 22
BROOKFIELD INDIA REAL ESTATE TRUST RR NCD 20DC30 FVRS1LAC
1.3% - 23
UNION BANK OF INDIA CD 19JAN27
1.3% - 24
CANARA BANK CD 02FEB27
1.3% - 25
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 11JUN27
1.2% - 26
GOVERNMENT OF INDIA 37630 182 DAYS TBILL 31DC26 FV RS 100
1.1% - 27
LIC HOUSING FINANCE LTD TR 453 7.73 NCD 18MR27 FVRS1LAC
1.1% - 28
7.7% Nuclear Power Corporation Of India Limited
1.1% - 29
360 ONE PRIME LIMITED 8.75 NCD 17SP27 FVRS1LAC
1.1% - 30
GMR AIRPORTS LIMITED 5 BD 13FB27 FVRS1LAC
1.0% - 31
ONGC PETRO ADDITIONS LIMITED SR XII 8.29 NCD 25JN27 FVRS1LAC
1.0% - 32
BAJAJ HOUSING FINANCE LIMITED 8.04 NCD 18JN27 FVRS1LAC
1.0% - 33
TRUHOME FINANCE LIMITED SR 38 8.60 NCD 27AG27 FVRS1LAC
1.0% - 34
MAHINDRA RURAL HOUSING FINANCE LIMITED SR CC2023U STRPP 2 8.315 NCD 12MY27 FVRS1LAC
1.0% - 35
POONAWALLA FINCORP LIMITED SR B2 7.60 NCD 28MY27 FVRS1LAC
0.9% - 36
GLOBE CAPITAL MARKET LIMITED SR III 9.38 NCD 14SP28 FVRS1LAC
0.9% - 37
BANK OF BARODA CD 08JAN27
0.9% - 38
IDFC FIRST BANK LIMITED CD 08FEB27
0.9% - 39
CANARA BANK CD 04MAR27
0.9% - 40
BHARTI TELECOM LIMITED SR XXVII 7.30 NCD 01DC27 FVRS1LAC
0.9% - 41
REC LIMITED SR 250A 6.60 BD 30JU27 FVRS1LAC
0.8% - 42
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25C 7.44 BD 24FB28 FVRS1LAC
0.8% - 43
POWER FINANCE CORPORATION LIMITED SR 251A 6.27 BD 15JL27 FVRS1LAC
0.8% - 44
7.20% TAMILNADU SDL 25-JAN-27 7.2 25/01/2027
0.6% - 45
GODREJ PROPERTIES LIMITED SR I 8.30 LOA 19MR27 FVRS1LAC
0.6% - 46
MOTILAL OSWAL FINANCIAL SERVICES LIMITED SR I 8.50 NCD 06AG27 FVRS1LAC
0.6% - 47
SBFC FINANCE LIMITED SR A3 RR NCD 13MY27 FVRS1LAC
0.6% - 48
POONAWALLA FINCORP LIMITED SR D1 7.5285 NCD 24SP27 FVRS1LAC
0.6% - 49
SMFG INDIA HOME FINANCE COMPANY LIMITED SR 31 7.17 NCD 27JN28 FVRS1LAC
0.6% - 50
AXIS BANK LIMITED CD 13JAN27
0.6% - 51
JULIUS BAER CAPITAL (INDIA) PRIVATE LIMITED 365D CP 07JAN27
0.6% - 52
JULIUS BAER CAPITAL (INDIA) PRIVATE LIMITED 364D CP 08JAN27
0.6% - 53
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 28JAN27
0.6% - 54
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 27JAN27
0.6% - 55
INDIAN OVERSEAS BANK CD 24FEB27
0.6% - 56
PUNJAB & SIND BANK CD 12MAR27
0.6% - 57
LIC HOUSING FINANCE LIMITED TR 419 OPT II 6.65 LOA 15FB27 FVRS10LAC
0.6% - 58
MUTHOOT FINANCE LIMITED 8.05 NCD 25NV27 FVRS1LAC
0.5% - 59
Power Finance Corporation Ltd SR-164 Bonds 7.75 22/03/2027
0.5% - 60
TORRENT POWER LIMITED SR 12 TR 12B 8.40 NCD 18JN27 FVRS1LAC
0.5% - 61
MUTHOOT FINANCE LIMITED 8.90 NCD 17JU27 FVRS1LAC
0.5% - 62
NATIONAL HOUSING BANK 7.59 BD 14JL27 FVRS1LAC
0.5% - 63
ONGC PETRO ADDITIONS LIMITED SR XIII 8.39 NCD 28JU27 FVRS1LAC
0.5% - 64
NEXUS SELECT TRUST SR II TR A 7.6937 NCD 28MY27 FVRS1LAC
0.5% - 65
360 ONE PRIME LIMITED 8.75 NCD 07OT27 FVRS1LAC
0.5% - 66
GOVERNMENT OF INDIA 37846 091 DAYS TBILL 19NV26 FV RS 100
0.5% - 67
BHARTI TELECOM LIMITED SR XXIX 7.75 NCD 29FB28 FVRS1LAC
0.5% - 68
IGH HOLDINGS PRIVATE LIMITED 365D CP 12MAR27
0.5% - 69
POONAWALLA FINCORP LIMITED SR K2 7.8788 NCD 12JU28 FVRS1LAC
0.5% - 70
MUTHOOT FINCORP LIMITED 364D CP 12MAR27
0.4% - 71
REC LIMITED SR 230-A 7.71 BD 26FB27 FVRS1LAC
0.4% - 72
GOVERNMENT OF INDIA 37449 182 DAYS TBILL 19NV26 FV RS 100
0.4% - 73
JUBILANT BEVERAGES LIMITED NCD 31MY28 FVRS1LAC
0.4% - 74
CAN FIN HOMES LIMITED SR 2 8.09 NCD 04JN27 FVRS1LAC
0.4% - 75
TATA TELESERVICES LIMITED 350D CP 15MAR27
0.4% - 76
Tamilnadu SGL 7.39 09/11/2026
0.3% - 77
Others Class A2 AIF
0.3% - 78
TATA CAPITAL HOUSING FINANCE LIMITED SR C 8.0409 NCD 19MR27 FVRS1LAC
0.3% - 79
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR VII 7.75 BD 10JU27 FVRS1LAC
0.3% - 80
MUTHOOT FINANCE LIMITED 9.02 NCD 14JL27 FVRS1LAC
0.3% - 81
JUBILANT BEVCO LIMITED NCD 31MY28 FVRS1LAC
0.3% - 82
MUTHOOT FINANCE LIMITED RR NCD 26JL29 FVRS1LAC
0.3% - 83
MAS FINANCIAL SERVICES LIMITED RR NCD 12JU28 FVRS1LAC
0.3% - 84
GLOBE FINCAP LIMITED SR I 9.189 NCD 15MY28 FVRS1LAC
0.3% - 85
91 Days Treasury Bill 03-Dec-2026
0.3% - 86
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED SR D 6.64 NCD 17JL28 FVRS1LAC
0.3% - 87
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 14JAN27
0.3% - 88
ADITYA BIRLA CAPITAL LIMITED 338D CP 29JAN27
0.3% - 89
BANK OF INDIA CD 16FEB27
0.3% - 90
YES BANK LIMITED CD 05MAR27
0.3% - 91
BANK OF BARODA CD 05MAR27
0.3% - 92
NHPC Ltd. 8.50 14/07/2027
0.3% - 93
Maharashtra State SDL 7.39 09/11/2026
0.3% - 94
Reverse Repo
0.3% - 95
INDIGO 049 SERIES A1 (A) PTC 02MAR26
0.3% - 96
LIC HOUSING FINANCE LTD TR 438 7.8350 NCD 11MY27 FVRS1LAC
0.2% - 97
360 ONE PRIME LIMITED 8.75 NCD 25JU27 FVRS1LAC
0.2% - 98
MANKIND PHARMA LIMITED SR 2 7.99 NCD 16OT26 FVRS1LAC
0.2% - 99
AAVAS FINANCIERS LIMITED SR A RR NCD 26AP30 FVRS1LAC
0.2% - 100
INDIGO 043 SERIES A1 (A) PTC 01AUG25
0.2% - 101
VASTU FINSERVE INDIA PRIVATE LIMITED SR I 8.95 NCD 03JL28 FVRS1LAC
0.2% - 102
VASTU FINSERVE INDIA PRIVATE LIMITED SR II 8.95 NCD 03JN29 FVRS1LAC
0.2% - 103
VASTU FINSERVE INDIA PRIVATE LIMITED SR III 8.95 NCD 03JL29 FVRS1LAC
0.2% - 104
Power Finance Corporation Ltd SR-158 Bonds 7.18 20/01/2027
0.2% - 105
Power Finance Corporation Ltd SR-168B Bonds 7.44 11/06/2027
0.2% - 106
LIC HOUSING FINANCE LIMITED TR- 353 7.75 LOA 23NV27 FVRS10LAC
0.2% - 107
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23I 7.62 LOA 31JN28 FVRS1LAC
0.2% - 108
MUTHOOT FINANCE LIMITED 8.85 NCD 20DC28 FVRS1LAC
0.2% - 109
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR VI 7.79 BD 14MY27 FVRS1LAC
0.2% - 110
SMFG INDIA HOME FINANCE COMPANY LIMITED SR 25 8.35 NCD 15JN27 FVRS1LAC
0.2% - 111
JM FINANCIAL CREDIT SOLUTIONS LIMITED SR III TR BX 9.30 NCD 15FB27 FVRS1LAC
0.2% - 112
PIPELINE INFRASTRUCTURE LIMITED SR 1 7.96 NCD 11MR27 FVRS1LAC
0.2% - 113
POWER FINANCE CORPORATION LIMITED SR 238 7.55 BD 15AP27 FVRS1LAC
0.2% - 114
REC LIMITED SR 232 A 7.59 BD 31MY27 FVRS1LAC
0.2% - 115
L&T FINANCE LIMITED SR J 8.24 NCD 16JU27 FVRS1LAC
0.2% - 116
BHARTI TELECOM LIMITED SR XIX 8.65 NCD 05NV27 FVRS1LAC
0.2% - 117
MOTILAL OSWAL HOME FINANCE LIMITED SR MOHFL2425 1 8.55 NCD 07JN27
0.2% - 118
NHPC LIMITED SR AG 6.40 BD 12AG27 FVRS1LAC
0.2% - 119
GOVERNMENT OF INDIA 36790 364 DAYS TBILL 03DC26 FV RS 100
0.2% - 120
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA 307D CP 09JUN27
0.1% - 121
Tamilnadu State SDL 7.23 26/10/2026
0.1% - 122
Uttar Pradesh State SDL 7.24 26/10/2026
0.1% - 123
NUCLEAR POWER CORPORATION OF INDIA LIMITED SR-XXVIII TRCH-C 9.18 BD 23JN27 FVRS10LAC
0.1% - 124
Nuclear Power Corpn. Of India Ltd. 8.14 25/03/2027
0.1% - 125
POWER FINANCE CORPORATION LTD. SR BS227B 7.77 BD 15AP28 FVRS1LAC
0.1% - 126
BANK OF BARODA CD 04FEB27
0.1% - 127
Repo
0.0% - 128
Kerala State SDL 7.15 13/10/2026
0.0% - 129
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 22JAN27
0.0% - 130
GOVERNMENT OF INDIA 37343 364 DAYS TBILL 08AP27 FV RS 100
0.0% - 131
Net Payables
-0.1%
What does it cost?
0.39% a year: ₹39 on every ₹10,000 you hold.
The middle fee for Ultra Short Duration direct plans is 0.29%.
Exit load: None
How has it done?
- 1 year
- +6.3%
- 3 years, per year
- +7.2%
- 5 years, per year
- +6.6%
Worst fall so far: −1.0% (Mar 2020 to Mar 2020).
Against other Ultra Short Duration funds: out of 63 three-year stretches, it finished above the middle Ultra Short Duration fund in 45.
In Jan–Apr 2020 alone it fell 1.0%; the middle fund fell 0.9%.
Past prices are not a forecast of anything.
Events
- 29 September 2026New portfolio published: holdings as at 29 September 2026.
- 22 May 2026Fee moved between 0.39% and 0.43% a year (6 changes, 30 Apr – 22 May 2026).
- 21 April 2026Fee moved between 0.36% and 0.40% a year (2 changes, 10 Jun 2024 – 21 Apr 2026).
- 24 July 2023Fee changed from 0.34% to 0.36% a year.
Sources and dates
- Holdings
- Groww's page for this fund, month-end 29 September 2026
- Prices
- AMFI via mfapi.in, to 11 November 2026
- Fee
- Groww, from 30 September 2026
- Company sizes
- SEBI's rank by full market value, 25 September 2026