Investment Objective and Approach

The scheme seeks to generate income through investments in a range of debt and money market instruments. Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.

Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. The primary objective of the fund is to offer high liquidity to investors looking for short-term investments to park their funds. It aims to provide stable returns from investing in a diverse portfolio of low-risk debt instruments.

They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for the next six months up to 1-1.5 years. Those who want slightly better returns and can withstand a little more volatility can consider ultra-short duration funds. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Key features include:

- Minimum SIP investment of ₹1,000

- Minimum lumpsum investment of ₹5,000

- Expense ratio of 0.39%

- Latest NAV as of August 25, 2025 is ₹30.29

Fund Managers

The fund is managed by experienced professionals with strong credentials in fixed income investing:

Rajat Chandak, Manish Banthia, and Ritesh Lunawat are the current fund managers of ICICI Prudential Ultra Short Term Fund.

Manish Banthia is a key portfolio manager with impressive qualifications. Manish Banthia is a Chartered Accountant and did his MBA from Indian Institute of Foreign Trade. He worked at various firms including Aditya Birla Group and Aditya Birla Nuvo Ltd (ABNL) before joining ICICI Prudential AMC. Currently, he is the Chief Investment Officer - Fixed Income. He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.

Ritesh Lunawat brings additional expertise to the fund management team. Mr. Lunawat is B.Com and Chartered Accountant. He has been Working with ICICI Prudential AMC Since September 2013.

About the Fund House (AMC)

ICICI Prudential Mutual Fund is an Indian asset management company founded in 1993 as a joint venture between ICICI Bank and Prudential plc. It is the second-largest asset management company in India after the SBI Mutual Fund.

Founded in 1993 as ICICI Asset Management Company, the joint venture between ICICI Bank, a well-known, trusted name in financial services in India and Prudential Plc, one of UK's largest players in the financial services sector, established ICICI Prudential Asset Management Company in the year 1998. ICICI Prudential Asset Management Company is one of India's premiere fund houses focused on bridging the gap between savings & investments. We strive to create long term wealth and value for investors through our range of simple and relevant investment solutions.

After all, this is the country's second-largest fund house with average assets under management (AUM) of about Rs 9 lakh crore as of March 2025, next only to SBI AMC. ICICI Prudential runs India's most profitable AMC with scorching growth. Its profit of Rs 2,650 crore for FY25 was up 75% over the past two years. It's churning out big cash and paying out handsome dividends—as much as 70–80% of profits over the past three years.

The AMC's track record includes:

- Corporate headquarters are in the Bandra Kurla Complex in Mumbai. As of 2016 it had grown to over a thousand employees across 120 locations with more than 1.9 million investors.

- 1 crore investors and counting- A milestone achieved!

- The asset management company (AMC) manages significant Assets Under Management (AUM) in the Mutual Fund segment across asset classes in India. The AMC also caters to Portfolio Management Services and Real Estate Division for investors, spread across the country, along with International Advisory Mandates for clients across international markets.

Should I Invest in ICICI Prudential Ultra Short Term Fund?

This fund may be suitable if you are:

- Looking for a short-term investment option with better returns than savings accounts

- Need high liquidity for emergency funds or surplus money

- Have an investment horizon of 6 months to 1.5 years

- Comfortable with marginally higher volatility than liquid funds

- Seeking professional debt fund management from an established AMC

Financial Performance Highlights:

- Over the past five years, ICICI Prudential Ultra Short Term Fund has delivered an annualised return of 5.95% as of 10-Aug-2025.

- The fund has delivered a CAGR of 8.05 since inception.

- ICICI Prudential Ultra Short Term Fund fund has generated a return of 7.92% in 1 year, 7.56% in 3 years, 6.44% in 5 years.

- The AUM of the fund is ₹16956 Cr. as per latest available data

Consider consulting with a financial advisor to determine if this fund aligns with your specific financial goals, risk tolerance, and investment timeline.

FAQs

What is today's NAV of ICICI Prudential Ultra Short Term Fund?

The NAV changes daily. You can check the current NAV on financial platforms like Allvest, fund house website, or other mutual fund tracking websites for real-time updates.

What is the AUM of ICICI Prudential Ultra Short Term Fund?

The AUM of the fund is ₹16956 Cr. The exact AUM varies and is updated monthly by the fund house.

What is the expense ratio of ICICI Prudential Ultra Short Term Fund?

The expense ratio of ICICI Prudential Ultra Short Term Fund is 0.39%, which is deducted from the fund's returns annually.

What are the returns of ICICI Prudential Ultra Short Term Fund since inception?

The fund has delivered a CAGR of 8.05 since inception. The fund was launched in 2013, providing over a decade of performance history.

What is the minimum SIP amount to invest in ICICI Prudential Ultra Short Term Fund?

The minimum SIP amount to invest in ICICI Prudential Ultra Short Term Fund is ₹1,000.

How do I invest in ICICI Prudential Ultra Short Term Fund?

You can invest through Allvest platform, directly from ICICI Prudential's website, or through registered mutual fund distributors. Complete your KYC and start investing online.

How to start a SIP in ICICI Prudential Ultra Short Term Fund?

Visit Allvest platform, select the fund, choose SIP option, set the amount (minimum ₹1,000) and frequency, complete payment setup, and your SIP will be activated.

How do I automate an SIP in ICICI Prudential Ultra Short Term Fund?

Set up a bank mandate or UPI autopay through Allvest platform during SIP registration. This ensures automatic deduction on your chosen dates without manual intervention.

How can I withdraw/redeem my investment in ICICI Prudential Ultra Short Term Fund?

Log into your Allvest account or the platform where you invested, select the fund, choose redemption amount, and submit the request. Proceeds are typically credited within 1-3 working days.