SBI 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) | 100641 | INF200K01LJ4 |
| IDCW | 103884 | INF200K01LL0 |
| IDCW | 105080 | INF200K01LK2 |
Ultra Short Term Fund
SBI Mutual Fund
Open-ended. Launched on 21 May 1999.
- 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.
- ₹11,237 cr
- 30 Sep 2026
- SIP fromSIP Systematic investment plan: a fixed sum put into the scheme at regular intervals, usually every month.
- ₹500
- 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.
1 change in the last 12 months: 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, SBI 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, SBI Mutual Fund
Source: fund houses’ disclosures.
Who runs it
Pradeep Kesavansince 1 Dec 2023
Fund manager, foreign securities
Also manages SBI Aggressive Hybrid Fund, SBI Arbitrage Fund, SBI Automotive Opportunities Fund, SBI Balanced Advantage Fund, SBI Banking & Financial Services Fund, SBI Banking and PSU Debt Fund, SBI Children's Fund - Investment Plan, SBI Children's Fund - Savings Plan, SBI Comma Fund, SBI Consumption Opportunities Fund, SBI Contra Fund, SBI Corporate Bond Fund, SBI Credit Risk Fund, SBI Dividend Yield Fund, SBI Dynamic Term Fund, SBI Energy Opportunities Fund, SBI Equity Minimum Variance Fund, SBI Equity Savings Fund, SBI ESG Exclusionary Strategy Fund, SBI Flexicap Fund, SBI Floating Interest Rates Fund, SBI Focused Fund, SBI Gold Fund, SBI Healthcare Opportunities Fund, SBI Infrastructure Fund, SBI Large & Midcap Fund, SBI Large Cap Fund, SBI Long Term Fund, SBI Medium Term Fund, SBI Medium to Long Term Fund, SBI Midcap Fund, SBI MNC Fund, SBI Money Market Fund, SBI Multi Asset Allocation Fund, SBI Multicap Fund, SBI Nifty Index Fund, SBI Quant Fund, SBI Retirement Benefit Fund - Aggressive Hybrid Plan, SBI Retirement Benefit Fund - Aggressive Plan, SBI Retirement Benefit Fund - Conservative Hybrid Plan, SBI Retirement Benefit Fund - Conservative Plan, SBI Short Term Fund, SBI Small Cap Fund, SBI Technology Opportunities Fund, SBI Ultra Short to Short Term Fund
Sudhir Agrawalsince 15 May 2025
Fund manager
Also manages SBI 10 year Constant Maturity Gilt Fund, SBI Dynamic Term Fund, SBI Gilt Fund, SBI 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
- SBI Mutual Fund
- SEBI category
- Ultra Short Term Fund
- Plan and option
- Regular plan – Growth
- Structure
- Open-ended
- Launched
- 21 May 1999
- AMFI code, Growth
- 100641
- ISIN, Growth
- INF200K01LJ4
- IDCW INF200K01LL0
- IDCW INF200K01LK2
- Registrar
- CAMS
- Fund house website
- sbimf.com ↗
ISINs of the IDCW options
SBI Mutual Fund
SBI Mutual Fund runs 83 schemes in their Regular plan: 25 equity, 16 debt, 7 hybrid, 22 index funds and ETFs, 13 other.
28 fund managers, in their current schemes for 3 years on average.
9 schemes launched in the last 12 months.
- All 83 schemes
- sbimf.com
- Registrar: CAMS
Source: fund houses’ disclosures, as of 28 Oct 2026.
Buying and selling
- SIP from
- ₹500, 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 17 to 26 of 26, A to Z; this scheme is marked.Schemes 20 to 24 of 26, A to Z; this scheme is marked.
| Scheme | Benchmark | Assets, ₹ cr (30 Sep 2026) | SIP from, ₹ | Launched |
|---|---|---|---|---|
| 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 |
| Scheme | Benchmark | Assets, ₹ cr (30 Sep 2026) | SIP from, ₹ | Launched |
|---|---|---|---|---|
| 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 |
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
- 26 Feb 2026SEBI renamed its category from Ultra Short Duration Fund to Ultra Short Term Fund
- 15 May 2025Sudhir Agrawal became a fund manager
- 1 Dec 2023Pradeep Kesavan became a fund manager
- 24 May 1999Re-opened for everyday purchases
- 21 May 1999Launched
- 19 May 1999NFO closed
- 13 May 1999NFO opened
Source: fund house disclosures and SEBI.
Documents
KIM Key information memorandum: the short summary of the SID that comes with every application form.SBI 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?
Pradeep Kesavan, since 1 Dec 2023 (Fund manager, foreign securities); Sudhir Agrawal, since 15 May 2025 (Fund manager). Source: SBI Mutual Fund’s disclosures.
What is the minimum SIP?
₹500 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 21 May 1999.
How do I invest in it?
Read the SID and KIM on SBI 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 SBI 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 |
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The SID and KIM are the final reference for every fact on this page.