HDFC Ultra Short Term Fund

Regular Plan · Daily IDCW Option · Ultra Short Duration · Scheme code 145041

NAV₹10.0987as on 25 Sep 2026

Fund houseHDFC Mutual Fund

CategoryUltra Short Duration

Plan & optionRegular · Daily IDCW Option

History8.0 years

Returns (%)

	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	Launch
This scheme	-0.01	-0.01	-0.01	-0.01	0.00	0.00	0.05	—	0.13
Ultra Short Duration category median	—	—	—	5.97	6.78	6.11	—	6.40	—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

	Volatility	Sharpe	Sortino	Beta	Alpha	Max fall	R²
This scheme	0.4%	-16.16	-30.21	—	—	-1.1%	—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the — months this scheme and its benchmark share.

Growth of ₹100 since launch

Every one-year period it has lived through

Windows	Worst	Median	Best	Periods that lost money
338	-0.7%	0.0%	1.4%	7%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

HDFC Ultra Short Term Fund

Regular Plan · Daily IDCW Option

Allocation

By asset

Debt	93.53%
Cash & Equivalents	3.80%
REITs / InvITs	2.38%
AIF Units	0.29%

By market cap

Concentration

Number of stocks	124
Top 5 stocks	22.78%
Top 10 stocks	33.97%
Top 20 stocks	50.09%
Lines in the filing	126

Largest holding	7.74%
Largest sector	CRISIL - A1+ 22.43%
Effective stocks	49.7
Sectors held	19
Cash	3.80%

Effective stocks is what the concentration works out to: a fund holding 124 names but most of its money in a few behaves like a fund of 50. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

CRISIL - A1+	22.43%
CRISIL - AAA	16.96%
CARE - A1+	11.14%
Sovereign	9.98%
IND - A1+	8.99%
ICRA - AAA	4.56%
CRISIL - AA+	4.11%
CARE - AAA	3.87%
Cash & Equivalents	3.80%
ICRA - AA	2.71%
CRISIL - AAA(SO)	2.43%
CRISIL - AA	2.22%
ICRA - AA-	1.71%
ICRA - A1+	1.70%
IND - AA	0.86%
ICRA - AA+	0.71%
CARE - AA	0.68%
IND - AA-	0.57%
Unclassified	0.29%
CARE - AA-	0.28%

HDFC Ultra Short Term Fund

Regular Plan · Daily IDCW Option · holdings

Top 30 holdings

#	Company	Sector	Shares held	Value ₹ cr	% of fund
1	National Bank for Financing Infrastructure and Development	IND - A1+	28,000	1,351	7.74%
2	182 Days Tbill Mat 311226	Sovereign	80,000,000	786	4.50%
3	Small Industries Development Bank	CARE - A1+	15,500	760	4.35%
4	182 Days TBILL MAT 140127	Sovereign	60,000,000	588	3.37%
5	Tata Teleservices (Maharashtra) Ltd.	CRISIL - A1+	10,000	493	2.82%
6	Yes Bank Ltd.	CRISIL - A1+	10,000	485	2.78%
7	TREPS - Tri-party Repo	Unclassified	—	437	2.50%
8	Small Industries Development Bank	CARE - A1+	8,000	374	2.14%
9	IIFL CAPITAL SERVICES LIMITED	CRISIL - A1+	7,500	366	2.10%
10	Punjab National Bank	CRISIL - A1+	7,500	364	2.09%
11	Indian Overseas Bank	CARE - A1+	7,500	363	2.08%
12	Radhakrishna Securitisation Trust (Originator - Jamnagar Utilities & Power Private Limited)	CRISIL - AAA(SO)	350	344	1.97%
13	Mindspace Business Parks REIT	CRISIL - AAA	34,000	341	1.95%
14	National Bank for Agri & Rural Dev.	ICRA - AAA	30,000	299	1.71%
15	REC Limited.	CARE - AAA	30,000	298	1.71%
16	Bajaj Housing Finance Ltd.	CRISIL - AAA	27,500	275	1.58%
17	ADITYA BIRLA RENEWABLES LIMITED	CRISIL - AA	27,500	275	1.58%
18	National Bank for Agri & Rural Dev.	ICRA - AAA	25,000	251	1.43%
19	Poonawalla Fincorp Ltd	CRISIL - AAA	24,750	247	1.41%
20	TATA Capital Housing Finance Ltd.	CRISIL - A1+	5,000	244	1.40%
21	National Bank for Agri & Rural Dev.	CRISIL - A1+	5,000	241	1.38%
22	Kotak Mahindra Bank Limited	CRISIL - A1+	5,000	242	1.38%
23	Net Current Assets	Unclassified	—	220	1.30%
24	182 Days TBILL MAT 221026	Sovereign	20,000,000	199	1.14%
25	360 One Prime Limited	ICRA - AA	20,000	199	1.14%
26	BROOKFIELD INDIA REAL ESTATE TRUST	CRISIL - AAA	20,000	197	1.13%
27	Union Bank of India	ICRA - A1+	4,000	195	1.12%
28	Canara Bank	CRISIL - A1+	4,000	194	1.11%
29	Small Industries Development Bank	CRISIL - A1+	4,000	189	1.08%
30	LIC Housing Finance Ltd.	CRISIL - AAA	17,500	175	1.00%

HDFC Ultra Short Term Fund

Regular Plan · Daily IDCW Option · where the money sits

What the manager did last month

Between the filings of 30 Jun 2026 and 31 Jul 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

Bought	Sold	New positions	Sold out of	Price move of holdings
₹0 cr	₹0 cr	2	0	—

Stock	Shares traded	Shares	Price	Value ₹ cr
New position
Mindspace Business Parks REIT	34,000	entered	—	341
Nexus Select Trust REIT	7,500	entered	—	75.1

Not equity	Previous filing	This filing	Change
Cash, repo and TREPS	₹0 cr	₹0 cr	+₹0 cr
Debt: bills, CDs and commercial paper	₹15,196 cr	₹15,754 cr	+₹558 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

A ₹10,000 monthly SIP over five years

Invested	Value	Gain	XIRR
₹600,000	₹599,964	₹-36	0.00%

XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has been invested for a different length of time.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 26 Sep 2026.