Fundalysisby DARKHORSESTOCKS

Scheme

DSP Ultra Short Term Fund Ex DSP Ultra Short Fund

Holds 1 companies worth ₹4.4 Cr in May 2026.

  • Fund house

    DSPThe fund house that runs this scheme.

  • AUM

    ₹4,425 CrDSP Ultra Short Term Fund Ex DSP Ultra Short Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.8% on Aug 2026, ₹4,599 Cr.

  • Largest holding

    Roadstar Infra Investment Trust InvITRoadstar Infra Investment Trust InvIT is 0.1% of this scheme's NAV.

  • Fund manager

    Shalini VasantaRuns it since 1 Jan 2025, as the fund house dates it. With Karan Mundhra (co-manager).

Overview(8 Oct 2026)

Fund managers2

  1. Shalini VasantaFund manager · Jan 2025 · 12y · MBA
  2. Karan MundhraCo-manager · May 2021 · 16y · CA B.Com
  1. Laukik BagweAug 2024 – Jan 2025

Key facts

Benchmark
CRISIL Ultra Short Duration Debt A-I Index
Risk
Low to Moderate
Expense
Regular 1.01% · Direct 0.3%
Exit load
Nil
Started
31 Jul 2006
Minimum
₹100

Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

What changed(29 changes)

Oct 2026

1 change
  1. Riskometer
    6 OctModerate → Low to Moderate

Aug 2026

1 change
  1. Renamed
    26 AugDSP Ultra Short Fund → DSP Ultra Short Term Fund

Jul 2026

1 change
  1. Expense ratio
    1 JulRegular 1% → 1.01%Direct 0.29% → 0.3%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(May 2021 – now)

  1. Shalini Vasanta
  2. Karan Mundhra
  3. Laukik Bagwe
MainCoSlice20222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
25 changesRegularDirectΔ pt
1 Jul 20261.01%0.30%0.01
10 Jun 20261.00%0.29%0.01
4 Jun 20261.01%0.30%0
10 May 20261.03%0.30%0.03
7 May 20261.05%0.33%0.01
6 May 20261.06%0.34%0.05
3 May 20261.02%0.29%0.01
29 Apr 20261.03%0.30%0.02
23 Apr 20261.04%0.32%0.03
19 Apr 20261.02%0.29%0.01
15 Apr 20261.03%0.30%0.05
14 Apr 20261.08%0.35%0.01
13 Apr 20261.06%0.34%0.01
9 Apr 20261.05%0.33%0.01
6 Apr 20261.04%0.32%0.02
24 Mar 20261.02%0.30%0
1 Feb 20261.01%0.30%0
1 Sept 20251.03%0.30%0
7 Jul 20251.04%0.30%0
29 Apr 20251.02%0.30%0
3 Mar 20251.01%0.30%0
2 Dec 20241.02%0.30%0
6 Nov 20241.00%0.30%0
26 Sept 20241.01%0.30%0
21 Aug 20241.02%0.30%–
Direct plan, 1 Jul 2026
0.30%
Regular plan 1.01% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(8 Oct 2026)

Objective

The primary investment objective of the scheme is to seek to generate returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Low to Moderate
At launch
Low to Moderate
Risk class
B-I: moderate credit risk, relatively low interest-rate risk
Type
An open ended ultra-short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 months and 6 months (please refer page no. 55 under the section Where will the Scheme invest? of SID for details on Macaulay s Duration). A relatively low interest rate risk and moderate credit risk.
Benchmark
CRISIL Ultra Short Duration Debt A-I Index

Asset allocation it may hold% of NAV

  1. Debt and Money market instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months
    Allowed0–100%Holds99.9%

Holds in May 2026.99.9% debt and cash · 0.1% REITs and InvITs

How to invest(8 Oct 2026)

Buying

To start
₹100, then in multiples of ₹1
To add
₹100, then in multiples of ₹1
Systematic
SIP Daily, Weekly, Monthly, Quarterly, Half-Yearly and Yearly SWP Weekly, Monthly, Quarterly, Half-Yearly and Yearly STP Daily, Weekly, Monthly, Quarterly, Half-Yearly and Yearly *Weekly Monday to Friday
Dates
Any date
Minimum
₹100, then in multiples of ₹1
Instalments
SIP - 12, SWP & STP - 6

Selling and switching

To redeem
₹0.01 or 0.001 units
Switch minimum
₹100 or 0.001 units
Switch multiples
₹0.01 or 0.001 units

Scheme details(8 Oct 2026)

What it is

Category
Ultra Short Duration Fund
Offer
24 Jul 2006 to 31 Jul 2006
Started
31 Jul 2006
Reopened
3 Aug 2006
Plans
Regular Plan & Direct Plan Growth* Income Distribution cum Capital Withdrawal option (IDCW) 1. Payout of Income Distribution cum Capital Withdrawal (IDCW) Option* 2. Reinvestment of Income Distribution cum Capital Withdrawal (IDCW) Option Default Option*
Face value
₹1,000
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Yes
Custodian
HSBC
Auditor
S.R. Batliboi & Co LLP
Registrar
Computer Age Management Services Limited
SEBI code
DSPM/O/D/USD/06/05/0013