Ultra Short DurationModerateVR Rating
₹13,685 Cr.
None
| Name | 1Y Return | VR Rating | 1Y Rank | 3Y Rank | 5Y Rank | Alpha | NAV(₹) |
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SBI Ultra Short Duration Fund-Reg(G) is an open-ended ultra short duration fund designed for investors who want to park money for the short to medium-short term. Ultra short duration funds typically invest in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months. In simple terms, the fund invests in money market and debt instruments with slightly longer maturity than liquid/overnight funds, while keeping interest-rate sensitivity relatively low.
As of 1 Feb 2026, SBI Ultra Short Duration Fund-Reg(G) manages ₹13685 crore in assets, has a Yield to Maturity (YTM) of 7%, and a Modified Duration of 146 days.
In simple terms: YTM indicates the portfolio's current income potential, while Modified Duration shows how sensitive the fund is to interest-rate changes (lower is typically more stable for short-term parking).
The investment objective of SBI Ultra Short Duration Fund-Reg(G) is to generate reasonable returns with adequate liquidity by investing in short-maturity money market and debt instruments, in line with ultra short duration norms. Investors can typically invest and redeem on business days (subject to scheme cut-off timings and applicable exit load).
The current NAV of the scheme is ₹ 6217.67 as on 6 Mar 2026, and the risk level is Moderate.
SBI Ultra Short Duration Fund-Reg(G) was launched on 19 May 1999 and is benchmarked against CRISIL Ultra Short Term Debt Index. The scheme is managed by Sudhir Agarwal who has been managing the fund since 15 May 2025 and the fund is also managed by Sudhir Agarwal. The exit load of the fund is Nil
SBI Ultra Short Duration Fund-Reg(G) invests across short-term instruments to balance liquidity and yield. As of 31 Jan 2026, the portfolio is allocated to Certificate of Deposit (32%), Corporate Debt (26%), Commercial Paper (12%), Government Securities (11%), Treasury Bills (3%), PTC & Securitized Debt (3%).
A quick way to read this: higher G-Secs/cash typically signals more conservatism and liquidity, while higher CP/CD/corporate bonds often aims to improve yield—assuming credit quality stays strong.
Credit quality matters even in ultra short duration funds. The fund's portfolio is allocated 45% to A1+, 14% to SOV, 10% to AA+, 8% to AAA, 7% to AA, 3% to AAA(SO), 1% to AA-.
In plain language: the higher the share of top-rated and sovereign instruments, the more the fund is leaning toward safety and stability. For ultra short duration funds, credit quality is the most important filter, because one avoidable credit event can matter more than small return differences.
The top 5 holdings of the fund are Small Industries Development Bank of India (9.%), Bank of Baroda (8.6%), 5.63% CGL 2026 (6.4%), Punjab National Bank (5.9%), Canara Bank (3.3%).
In ultra short duration funds, large holdings are commonly CDs/CPs, short-term corporate bonds, T-bills/G-Secs, or short-term issuances from well-known institutions, chosen mainly for liquidity and credit comfort.
The top sector exposures are Bank (36%), Finance (17%), G-Sec (14%), Miscellaneous (10%), Power Generation/Distribution (8%).
It is normal for ultra short duration funds to show meaningful exposure to banks and financial institutions, because CDs and CPs are frequently issued by them, along with selected high-quality corporate issuers.
SBI Ultra Short Duration Fund-Reg(G)'s recent annualized returns are 6.0% (1 month), 5.3% (3 months) and 5.8% (6 months). Over 1 year, it has delivered 6.7% annualized returns. These returns are as of 9 Mar 2026.
Against the full ultra short duration fund peer set, the scheme is ranked 14/25 over 1 month, 2/25 over 3 months, and 2/25 over 6 months period.
One simple way to interpret rankings: ultra short duration funds rarely differ wildly in returns, so comparing the returns against peers will not make sense unless and until there is a big deviation.
If you had invested ₹1,00,000 in SBI Ultra Short Duration Fund-Reg(G) then you would have got:
| Duration | Annualized Returns (%) | Current Total Value | Current Total Profit |
|---|---|---|---|
| 1 Month | 6.0% | ₹106000.00 | ₹6000.00 |
| 3 Months | 5.3% | ₹105300.00 | ₹5300.00 |
| 6 Months | 5.8% | ₹105800.00 | ₹5800.00 |
Note: These are historical returns and they may not repeat in the future.
Also note for very short holding periods, exit load can impact realized returns. Always check exit load before investing in any fund.
The Potential Risk Class (PRC) matrix of SBI Ultra Short Duration Fund-Reg(G) is B-I which means that the fund has Relatively low interest rate risk and moderate credit risk.
It may suit investors who want to:
It offers a few practical benefits: professional management of short-term instruments, easy entry/exit (subject to cut-offs), a portfolio designed to balance stability and yield, and a structure that can be useful for short-term cash management, like emergency buffers, business expenses, planned expenses or any near-term goals.
Ultra Short Duration are relatively low risk, but not risk-free. Key things to watch are credit quality (ratings mix), exit load/cut-off rules, changes in YTM and duration, and whether the scheme's role matches your time horizon. Compared to liquid/overnight funds, ultra short duration funds can carry slightly higher credit and interest-rate sensitivity, so they are generally better suited for a few months' horizon rather than overnight parking.
For Ultra Short Duration, taxation depends heavily on when you bought your units. Units acquired on or after 1 April 2023 are generally taxed as short-term capital gains at your slab rate and there are no long-term capital gain and loss benefits.
For units acquired before 1 April 2023, taxation follows the older capital-gains framework based on holding period and the date of sale.
Note that regulatory/tax updates over time can change how long-term treatment works.
SBI Ultra Short Duration Fund-Reg(G) is positioned as a short-term parking option that aims to keep your money accessible while delivering reasonable returns through a portfolio of short-maturity debt and money market instruments.
A simple way to track whether it is doing its job is to follow three live indicators: credit quality, peer ranking consistency, and monthly movement in YTM and modified duration. Among these, credit quality should always come first because protecting capital matters more than chasing marginally higher returns; focus on the rating mix (AAA/A1+/sovereign exposure), issuer concentration, and any meaningful shifts in the credit profile, and use returns/ranks mainly as a supporting check.
Choose from 1800+ schemes across AMCs with Ventura
To invest a lumpsum amount in SBI Ultra Short Duration Fund-Reg(G) with Ventura: Access the Mutual funds section by logging in to Ventura through your browser/mobile app Select SBI Ultra Short Duration Fund-Reg(G) from the list, the amount to be invested & make the payment.
To start a SIP (Systematic Investment Plan) in SBI Ultra Short Duration Fund-Reg(G) with Ventura: Access the Mutual funds section by logging in to Ventura through your browser/mobile app Select SBI Ultra Short Duration Fund-Reg(G) from the list, the amount to be invested & date of deduction. Pay the first instalment towards your SIP. Set the autopay mandate to enable regular investment of future SIP instalments, directly from your bank account. And you're done. Note: Remember to keep your bank account funded with the amount for regular SIPs for your mutual fund investment in SBI Ultra Short Duration Fund-Reg(G).
It will take up to one trading day for the invested SBI Ultra Short Duration Fund-Reg(G) units to reflect in your portfolio. For example, If you have made the investment in SBI Ultra Short Duration Fund-Reg(G) on Monday before the cut-off time, the units will be allotted to you by Tuesday or the next working day if it is followed by a holiday. The NAV (Net Asset Value) for the units allotted will be as of the day you place your trades.
Yes, mutual funds can be bought or redeemed after market hours through the Ventura web platform or mobile application. However, the execution of these orders depends on the mutual fund's cutoff time for processing transactions.
