HDFC Ultra Short Term Fund – Ultra Short Duration Debt Strategy

The HDFC Ultra Short Term Fund, launched on 24 September 2018, is managed by Anil Bamboli & Praveen Jain and falls under the Ultra Short Duration debt category. With AUM around ₹16,645 crore (May 2025) and an expense ratio ~0.37%, the fund has delivered ~7.5% in 1‑year, ~7.2% in 3‑yrs, and ~5.8% in 5‑yrs versus the category average of ~6.9% over 5‑yrs. The portfolio comprises ~78% AAA/A1+ rated debt instruments, ~12% sovereign securities and the remainder in cash equivalents. Ideal for investors seeking short‑term stability with modest returns above liquid funds.