Nippon India Ultra Short Term Fund
Other options
The page shows the Growth option. The Regular plan’s other options have their own codes.
| Option | AMFI code | ISIN |
|---|---|---|
| Growth (this page) | 143493 | INF204K01UE8 |
| IDCW | 143495 | INF204K01UD0 |
| IDCW | 143496 | INF204K01UI9, INF204K01UH1 |
| IDCW | 143498 | INF204K01UC2 |
| IDCW | 143499 | INF204K01UG3, INF204K01UF5 |
Ultra Short Term Fund
Nippon India Mutual Fund
Open-ended. Launched on 7 Dec 2001.
- NAV
- Data delayed
- AssetsAssets The market value of everything the scheme holds, less what it owes, as the fund house discloses it at each month-end.
- ₹11,551 cr
- 30 Sep 2026
- SIP fromSIP Systematic investment plan: a fixed sum put into the scheme at regular intervals, usually every month.
- ₹100
- a month
- BenchmarkBenchmark The market index the fund house names in the SID as the measure the scheme is compared against.
- CRISIL Ultra Short Duration Debt A-I Index
- as the SID names it
- Riskometer
- Moderate
- read by Felix on 28 Oct 2026
The SID and KIM are the final reference for every fact on this page.
The fund house also offers a Direct plan of this scheme, whose expenses are lower to the extent of the distribution commission.
Assets: the fund house’s month-end disclosure of 30 Sep 2026. Minimums: fund house documents, as read by Felix on 28 Oct 2026. Benchmark: the SID.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
3 changes in the last 12 months: Amber Singhania became a fund manager, 11 Mar 2026; Kinjal Desai became a fund manager, 11 Mar 2026; SEBI renamed its category from Ultra Short Duration Fund to Ultra Short Term Fund, 26 Feb 2026. See what changed
What it is
SEBI’s rule for an Ultra Short Term Fund: debt and money market instruments, with a portfolio Macaulay duration of 3 to 6 months. Source: SEBI
What the SID allows it to holdSID Scheme information document: the scheme’s offer document, which sets out its objective, asset allocation, risks and expenses.
Source: the SID’s asset allocation, from fund house disclosures.
Potential risk class (PRC)
PRC Potential risk class: the most interest-rate risk and credit risk a debt scheme may take, on SEBI’s three-by-three grid, as its SID states it.as the SID states it| Interest-rate risk | Credit risk relatively low (A) | Moderate (B) | Relatively high (C) |
|---|---|---|---|
| Relatively low (I) | |||
| Moderate (II) | B-II | ||
| Relatively high (III) |
Riskometer
The risk of the scheme is Moderate
As read by Felix on 28 Oct 2026. Fund houses review this level every month, and the fund house’s latest disclosure prevails: Riskometer disclosures, Nippon India Mutual Fund
- Low
- Low to Moderate
- Moderate
- Moderately High
- High
- Very High
Benchmark: CRISIL Ultra Short Duration Debt A-I Index. Its riskometer is published monthly by the fund house: Riskometer disclosures, Nippon India Mutual Fund
Source: fund houses’ disclosures.
Who runs it
Amber Singhaniasince 11 Mar 2026
Assistant fund manager, foreign securities
Also manages Nippon India Active Momentum Fund, Nippon India Aggressive Hybrid Fund, Nippon India Arbitrage Fund, Nippon India Balanced Advantage Fund, Nippon India Banking & Financial Services Fund, Nippon India Banking and PSU Debt Fund, Nippon India Conservative Hybrid Fund, Nippon India Consumption Fund, Nippon India Corporate Bond Fund, Nippon India Credit Risk Fund, Nippon India Dynamic Term Fund, Nippon India ELSS Tax Saver Fund, Nippon India Equity Savings Fund, Nippon India Flexi Cap Fund, Nippon India Floating Interest Rates Fund, Nippon India Focused Fund, Nippon India Gilt Fund, Nippon India Growth Mid Cap Fund, Nippon India Innovation Fund, Nippon India Japan Equity Fund, Nippon India Large Cap Fund, Nippon India Liquid Fund, Nippon India Medium Term Fund, Nippon India Medium to Long Term Fund, Nippon India MNC Fund, Nippon India Money Market Fund, Nippon India Multi Asset Allocation Fund, Nippon India Multi Cap Fund, Nippon India Nivesh Lakshya Long Term Fund, Nippon India Pharma Fund, Nippon India Power & Infra Fund, Nippon India Quant Fund, Nippon India Retirement Fund - Income Generation Scheme, Nippon India Retirement Fund - Wealth Creation Scheme, Nippon India Short Term Fund, Nippon India Small Cap Fund, Nippon India Taiwan Equity Fund, Nippon India Ultra Short to Short Term Fund, Nippon India US Equity Opportunities Fund, Nippon India Value Fund, Nippon India Vision Large & Mid Cap Fund
Kinjal Desaisince 11 Mar 2026
Fund manager, foreign securities
Also manages Nippon India Active Momentum Fund, Nippon India Aggressive Hybrid Fund, Nippon India Balanced Advantage Fund, Nippon India Banking & Financial Services Fund, Nippon India Banking and PSU Debt Fund, Nippon India Conservative Hybrid Fund, Nippon India Consumption Fund, Nippon India Corporate Bond Fund, Nippon India Credit Risk Fund, Nippon India Dynamic Term Fund, Nippon India ELSS Tax Saver Fund, Nippon India Equity Savings Fund, Nippon India Flexi Cap Fund, Nippon India Floating Interest Rates Fund, Nippon India Focused Fund, Nippon India Gilt Fund, Nippon India Growth Mid Cap Fund, Nippon India Innovation Fund, Nippon India Japan Equity Fund, Nippon India Large Cap Fund, Nippon India Liquid Fund, Nippon India Medium Term Fund, Nippon India Medium to Long Term Fund, Nippon India MNC Fund, Nippon India Money Market Fund, Nippon India Multi Asset Allocation Fund, Nippon India Multi Cap Fund, Nippon India Nivesh Lakshya Long Term Fund, Nippon India Pharma Fund, Nippon India Power & Infra Fund, Nippon India Quant Fund, Nippon India Retirement Fund - Income Generation Scheme, Nippon India Retirement Fund - Wealth Creation Scheme, Nippon India Short Term Fund, Nippon India Small Cap Fund, Nippon India Taiwan Equity Fund, Nippon India Ultra Short to Short Term Fund, Nippon India US Equity Opportunities Fund, Nippon India Value Fund, Nippon India Vision Large & Mid Cap Fund
Vivek Sharmasince 1 Oct 2013
Fund manager
Also manages Nippon India Banking and PSU Debt Fund, Nippon India Corporate Bond Fund, Nippon India CRISIL IBX AAA Financial Services - Dec 2026 Index Fund, Nippon India CRISIL IBX AAA Financial Services - Jan 2028 Index Fund, Nippon India Dynamic Term Fund, Nippon India Medium to Long Term Fund, Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60:40 Index Fund, Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund, Nippon India Nifty G-Sec Oct 2028 Maturity Index Fund, Nippon India Nifty G-Sec Sep 2027 Maturity Index Fund, Nippon India Nifty SDL Plus G-Sec - Jun 2028 Maturity 70:30 Index Fund, Nippon India Nifty SDL Plus G-Sec - Jun 2029 Maturity 70:30 Index Fund, Nippon India Short Term Fund, Nippon India Ultra Short to Short Term Fund
Bars on one scale, from the scheme’s launch. Other schemes A to Z. Source: fund house disclosures, as of 28 Oct 2026.
Codes and identity
from the SID and AMFI- Fund house
- Nippon India Mutual Fund
- SEBI category
- Ultra Short Term Fund
- Plan and option
- Regular plan – Growth
- Structure
- Open-ended
- Launched
- 7 Dec 2001
- AMFI code, Growth
- 143493
- ISIN, Growth
- INF204K01UE8
- IDCW INF204K01UD0
- IDCW INF204K01UI9, INF204K01UH1
- IDCW INF204K01UC2
- IDCW INF204K01UG3, INF204K01UF5
- Registrar
- KFin Tech
- Fund house website
- mf.nipponindiaim.com ↗
ISINs of the IDCW options
Nippon India Mutual Fund
Nippon India Mutual Fund runs 76 schemes in their Regular plan: 20 equity, 15 debt, 6 hybrid, 26 index funds and ETFs, 9 other.
26 fund managers, in their current schemes for 3 years 1 month on average.
3 schemes launched in the last 12 months.
- All 76 schemes
- mf.nipponindiaim.com
- Registrar: KFin Tech
Source: fund houses’ disclosures, as of 28 Oct 2026.
Buying and selling
- SIP from
- ₹100, as the KIM states it
- Entry load
- Nil, since 1 Aug 2009
- Stamp duty
- 0.005% of the amount invested, since 1 Jul 2020
- Applicable NAV
- That business day’s, when the application and the money reach the fund house by the 3 pm cut-off; after it, the next business day’s
- Redemption money
- Within 3 working days of the redemption request
Sources: the scheme’s KIM for the minimums; SEBI for the entry load, cut-off and redemption timeline; Ministry of Finance for stamp duty.
The category: Ultra Short Term Fund
All 26 schemesSchemes 15 to 24 of 26, A to Z; this scheme is marked.Schemes 18 to 22 of 26, A to Z; this scheme is marked.
| Scheme | Benchmark | Assets, ₹ cr (30 Sep 2026) | SIP from, ₹ | Launched |
|---|---|---|---|---|
| Kotak Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 15,261 | 100 | 2004 |
| LIC MF Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 1,420 | 200 | 2019 |
| Mahindra Manulife Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 205 | 500 | 2019 |
| Mirae Asset Ultra Short-Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 1,808 | 99 | 2020 |
| Motilal Oswal Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 534 | 500 | 2013 |
| Nippon India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 11,551 | 100 | 2001 |
| PGIM India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 232 | 1,000 | 2008 |
| SBI Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 11,237 | 500 | 1999 |
| Sundaram Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 2,108 | 1,000 | 2007 |
| Tata Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 5,404 | 500 | 2019 |
| Scheme | Benchmark | Assets, ₹ cr (30 Sep 2026) | SIP from, ₹ | Launched |
|---|---|---|---|---|
| Mirae Asset Ultra Short-Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 1,808 | 99 | 2020 |
| Motilal Oswal Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 534 | 500 | 2013 |
| Nippon India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 11,551 | 100 | 2001 |
| PGIM India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 232 | 1,000 | 2008 |
| SBI Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 11,237 | 500 | 1999 |
Show all 26 schemes
| Scheme | Benchmark | Assets, ₹ cr (30 Sep 2026) | SIP from, ₹ | Launched |
|---|---|---|---|---|
| Aditya Birla Sun Life Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 16,279 | 1,000 | 2003 |
| Axis Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 4,996 | 100 | 2018 |
| Bandhan Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 4,098 | 100 | 2018 |
| Bank of India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 196 | 1,000 | 2008 |
| Baroda BNP Paribas Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 596 | 500 | 2018 |
| Canara Robeco Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 529 | 500 | 2008 |
| DSP Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 4,425 | 100 | 2006 |
| Edelweiss Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 896 | Not reported | 2026 |
| Franklin India Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 300 | 500 | 2024 |
| HDFC Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 15,675 | 100 | 2018 |
| HSBC Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 2,733 | 1,000 | 2020 |
| ICICI Prudential Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 15,236 | 1,000 | 2011 |
| Invesco India Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 1,394 | 1,000 | 2010 |
| ITI Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 167 | 500 | 2021 |
| Kotak Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 15,261 | 100 | 2004 |
| LIC MF Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 1,420 | 200 | 2019 |
| Mahindra Manulife Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 205 | 500 | 2019 |
| Mirae Asset Ultra Short-Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 1,808 | 99 | 2020 |
| Motilal Oswal Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 534 | 500 | 2013 |
| Nippon India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 11,551 | 100 | 2001 |
| PGIM India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 232 | 1,000 | 2008 |
| SBI Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 11,237 | 500 | 1999 |
| Sundaram Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 2,108 | 1,000 | 2007 |
| Tata Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 5,404 | 500 | 2019 |
| UTI Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 3,017 | 500 | 2003 |
| WhiteOak Capital Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 549 | 500 | 2019 |
Regular plan – Growth for every scheme. Source: fund houses’ disclosures; assets at month-end 30 Sep 2026; SIP minimums as read by Felix on 28 Oct 2026; benchmarks as each SID names them.
What changed
- 11 Mar 2026Amber Singhania became a fund manager
- 11 Mar 2026Kinjal Desai became a fund manager
- 26 Feb 2026SEBI renamed its category from Ultra Short Duration Fund to Ultra Short Term Fund
- 1 Oct 2013Vivek Sharma became a fund manager
- 7 Dec 2001Launched
- 4 Dec 2001NFO closed
- 4 Dec 2001NFO opened
Source: fund house disclosures and SEBI.
Documents
KIM Key information memorandum: the short summary of the SID that comes with every application form.Nippon India Mutual Fund publishes the scheme’s documents on its website:
- Scheme information document (SID)
- Key information memorandum (KIM)
- Monthly factsheet
- Monthly portfolio disclosure
Felix links to the fund house’s own copies and never copies them.
Questions about this fund
Who manages it, and since when?
Vivek Sharma, since 1 Oct 2013 (Fund manager); Amber Singhania, since 11 Mar 2026 (Assistant fund manager, foreign securities); Kinjal Desai, since 11 Mar 2026 (Fund manager, foreign securities). Source: Nippon India Mutual Fund’s disclosures.
What is the minimum SIP?
₹100 a month, as of 28 Oct 2026, from the fund house’s documents.
What is its benchmark?
CRISIL Ultra Short Duration Debt A-I Index, as the SID names it. Felix shows the benchmark by name only.
When was it launched, and what was it called before?
It was launched on 7 Dec 2001.
How do I invest in it?
Read the SID and KIM on Nippon India Mutual Fund’s website first. A mutual fund distributor can place your application in this scheme’s Regular plan. Investments made through a mutual fund distributor are in the Regular plan, which includes distributor commission.
What does “Regular plan – Growth” mean?
The Regular plan is the one bought through a distributor; its expenses include the distributor’s commission. In the Growth option, gains stay in the NAV and nothing is paid out.
Where are its documents?
On Nippon India Mutual Fund’s website: the scheme information document (SID), the key information memorandum (KIM) and the monthly factsheet.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Data on this page
| Block | Source | For |
|---|---|---|
| Assets | Fund houses’ disclosures, at month-end | 30 Sep 2026 |
| Minimums | Fund house documents, as read by Felix | 28 Oct 2026 |
| Riskometer | Fund houses’ disclosures, as read by Felix | 28 Oct 2026 |
| Asset allocation | The SID, from fund house disclosures | 28 Oct 2026 |
| Fund managers | Fund house disclosures | 28 Oct 2026 |
Something wrong or out of date? Report an error
When you are ready, invest with a person.
The SID and KIM are the final reference for every fact on this page.