Scheme

ICICI Prudential Ultra Short Term Fund

Holds 7 companies worth ₹38.2 Cr in Jun 2016.

Fund house
ICICIThe fund house that runs this scheme.
AUM
₹15,236 CrICICI Prudential Ultra Short Term Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.6% on Aug 2026, ₹15,974 Cr.
Largest holding
Larsen and ToubroLarsen and Toubro is 1.2% of this scheme's NAV.
Fund manager
Ritesh LunawatRuns it since 3 Jun 2017, as the fund house dates it. With Manish Banthia (overseas).

Overview^{(1 Sept 2026)}

Fund managers2

Ritesh LunawatFund manager · Jun 2017 · 11y · CFA B.Com
Manish BanthiaOverseas · Sept 2013 · 22y · MBA B.Com

Key facts

Benchmark: NIFTY Ultra Short Duration Debt Index A-I
Expense: Regular 0.8% · Direct 0.4%
Exit load: Nil
Started: 3 May 2011
Minimum: 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – Rs. 25,000 (plus multiples of Re. 1/-) Minimum application amount for switch ins – Rs. 5,000 and any amount thereafter 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – Rs. 25,000 (plus multiples of Re. 1/-) Minimum application amount for switch ins – Rs. 5,000 and any amount thereafter

Source.Its Scheme Summary Document as of 1 Sept 2026 at AMFI.

What changed^{(2 changes)}

Aug 2026

2 changes

Expense ratio
31 AugRegular 0.79% → 0.8%Direct 0.39% → 0.4%
Category
31 AugDebt - Ultra Short Duration Fund → Debt Schemes – Ultra Short Term Fund

Source.Its filings at NSE, since Jan 2026.

Fund managers over time^{(Sept 2013 – now)}

MainCoSlice2014201620182020202220242026

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^{(Jan 2026 – Sept 2026)}

Every change to the expense ratio, newest first.
2 changes	Regular	Direct	Δ pt
31 Aug 2026	0.80%	0.40%	0.01
5 Jan 2026	0.79%	0.39%	–

Direct plan, 31 Aug 2026

0.40%

Regular plan 0.80% · 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^{(1 Sept 2026)}

Objective

To generate income through investments in a range of debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Risk, type and benchmark

At launch: Moderate
Risk class: B-II: moderate credit risk, moderate interest-rate risk
Type: Open Ended
Benchmark: NIFTY Ultra Short Duration Debt Index A-I
Benchmark 2: 1 Year T-Bill

Asset allocation it may hold

Upto 100%

How to invest^{(1 Sept 2026)}

Buying

To start: 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – Rs. 25,000 (plus multiples of Re. 1/-) Minimum application amount for switch ins – Rs. 5,000 and any amount thereafter 1) Growth & IDCW - Rs. 5,000/- (plus multiples of Re. 1/-) 2) AEP – Rs. 25,000 (plus multiples of Re. 1/-) Minimum application amount for switch ins – Rs. 5,000 and any amount thereafter, then in multiples of ₹1
To add: ₹1,000, then in multiples of ₹1
SIP how often: Daily,Weekly,Fortnightly,Monthly,Quarterly
SIP dates: Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any day* Quarterly = Any day* *In case the date chosen for SIP falls on a Non-Business Day or on a date which is not available in a particular month, the SIP will beprocessed on the immediate next Business Day.
SIP minimum: Daily=Rs. 20 Weekly,Fortnightly,Monthly = Rs. 1000 Quarterly = Rs. 5,000, then re. 1/-
SIP instalments: Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4

Selling and switching

To redeem: Any amount
Switch minimum: ₹5,000
Switch multiples: Any amount
STP how often: Daily,Weekly,Monthly,Quarterly
STP dates: Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Monthly = Any day* Quarterly = Any day* *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
STP minimum: Monthly, Weekly, Quarterly = Rs. 1,000 Daily = Rs. 250, then re. 1/-
STP instalments: Daily,Weekly,Monthly = 6 Quarterly = 4
SWP how often: Monthly,Quarterly, Half Yearly,Annual
SWP dates: Monthly = Any day* Quarterly= Any day* Half Yearly = Any day* Annual = Any day* *In case none of the frequencies has been selected then Monthly frequency shall be considered as the Default frequency and where no withdrawal date is selected, 1st business day of the month shall be considered as the default SWP date.
SWP minimum: Any amount, then re. 1/-
SWP instalments: Monthly,Quarterly, Half Yearly,Annual = 2

Scheme details^{(1 Sept 2026)}

What it is

Category: Debt Schemes – Ultra Short Term Fund
Offer: 14 Apr 2011 to 27 Apr 2011
Started: 3 May 2011
Reopened: 4 May 2011
Plans: ICICI Prudential Ultra Short Term Fund - Direct Plan - IDCW - Daily · ICICI Prudential Ultra Short Term Fund - Direct Plan - IDCW - Monthly · ICICI Prudential Ultra Short Term Fund - Direct Plan - IDCW - Quarterly · ICICI Prudential Ultra Short Term Fund - Direct Plan - IDCW - Weekly · ICICI Prudential Ultra Short Term Fund - Growth · ICICI Prudential Ultra Short Term Fund - IDCW - Daily · ICICI Prudential Ultra Short Term Fund - IDCW - Monthly · ICICI Prudential Ultra Short Term Fund - IDCW - Quarterly · ICICI Prudential Ultra Short Term Fund - Weekly IDCW
Face value: ₹10
Listed: No

How it is run

Swing pricing: No
Side-pocketing: Provisions for Segregated Portfolio have been added as as enabler
Custodian: HDFC Bank Limited, SBI-SG Global Securities Services Pvt. Ltd., Citibank N. A., Hongkong and Shanghai Banking Corporation Limited (HSBC)
Auditor: BSR & Co. LLP
Registrar: Computer Age Management Services Limited
SEBI code: ICIC/O/D/USD/09/06/0035