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ITI Ultra Short Duration Fund - Direct Plan - Growth Option
★★★★★ monitor_heart Health Score: 62/100 · AverageITI Mutual Fund · Debt · Ultra Short Duration Fund
₹1,367.86
AUM: ₹144 Cr
NAV updated 11 days ago
Plan
Direct
Option
Growth
Risk
Low to Moderate
Expense Ratio
0.21%
Exit Load
Nil
Fund Manager
Vikrant Mehta
Inception
May 2021
Benchmark
CRISIL Ultra Short Duration Debt A-I Index
Sharpe Ratio
0.74
Std Dev (1Y)
0.36%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.68%
3m
+1.58%
6m
+3.33%
1y
+6.35%
3y
+7.1%
5y
+6.28%
10y
—
since inception
+6.18%
rate_review TopFund's Take on ITI Ultra Short Duration Fund - Direct Plan - Growth Option
ITI Ultra Short Duration Fund - Direct Plan - Growth Option sits in the middle of the pack for Ultra Short Duration Fund funds, currently carrying a 3-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 62/100.
Cost: At 0.21%, the expense ratio is meaningfully cheaper — about 45% below the Ultra Short Duration Fund category average of 0.38% (based on 58 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.74 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 0.36% is on the lower side, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about ITI Ultra Short Duration Fund - Direct Plan - Growth Option
The current NAV (Net Asset Value) of ITI Ultra Short Duration Fund - Direct Plan - Growth Option is ₹1367.86. NAV is updated every business day after market close by AMFI.
1Y: 6.35% · 3Y CAGR: 7.1% · 5Y CAGR: 6.28%
The expense ratio is 0.21% per annum — the annual fee deducted from your investment to cover fund management costs.
ITI Ultra Short Duration Fund - Direct Plan - Growth Option is managed by Vikrant Mehta at ITI Mutual Fund.
ITI Ultra Short Duration Fund - Direct Plan - Growth Option is a Low to Moderate risk fund. Suitable for investors with a moderate risk appetite.
ITI Ultra Short Duration Fund - Direct Plan - Growth Option is a Ultra Short Duration Fund fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of ITI Ultra Short Duration Fund - Direct Plan - Growth Option is ₹145 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.