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Iti Ultra Short Term Fund Direct-idcw Fortnightly
Debt
Low to Moderate Risk
Latest AUM
₹ 152.8 Cr.
NAV as on 03 aug, 2026
₹ 1,002.23
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
Iti Ultra Short Term Fund Direct-idcw Fortnightly
Inception Date
05 May 2021
Lock In
No Lock-in
Risk
Principal at low to moderate risk
Category Average Annual Returns
7.70
Portfolio Composition Analysis
Debt
98.06%
Cash
1.94%
Portfolio Updated on: 08 Jul, 2026
Sector Allocations
Debt
Financial
Energy & Utilities
Materials
Entities
Diversified
Portfolio Updated on: 03 aug, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| INDIAN BANK CD 06MAR26 | Financial | Certificate of Deposit | 10.24% |
| BANK OF BARODA CD 11MAR26 | Financial | Certificate of Deposit | 10.23% |
| GOVERNMENT OF INDIA 37184 091 DAYS TBILL 11JU26 FV RS 100 | Financial | Treasury Bills | 14.10% |
| GOVERNMENT OF INDIA 37184 091 DAYS TBILL 11JU26 FV RS 100 | Financial | Treasury Bills | 8.92% |
| Small Industries Dev Bank of India (18/02/2027) ** | Financial | Certificate of Deposit | 8.47% |
| ICICI SECURITIES LIMITED 365D CP 22MAY26 | Financial | Commercial Paper | 12.71% |
| ICICI SECURITIES LIMITED 365D CP 22MAY26 | Financial | Commercial Paper | 8.02% |
| ICICI SECURITIES LIMITED 365D CP 22MAY26 | Financial | Commercial Paper | 9.07% |
| INDIAN BANK CD 12JUN26 | Financial | Certificate of Deposit | 7.77% |
| BANK OF BARODA CD 15JUN26 | Financial | Certificate of Deposit | 7.77% |
Debt & Credit Risk Analysis
| Sharpe Ratio | 3.17% |
| Standard Deviation | 0.36% |
| Sortino Ratio | 4.43% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 1.75% | NA | 1.71% |
| 6 Months | 3.41% | NA | 3.90% |
| 9 Months | 4.83% | NA | 5.74% |
| 1 Year | 6.41% | 6.41% | 7.70% |
| 2 Years | 14.38% | 6.95% | 7.59% |
| 3 Years | 22.85% | 7.10% | 7.34% |
| 5 Years | 35.79% | 6.31% | 6.07% |
Iti Ultra Short Term Fund Direct-idcw Fortnightly is one Debt mutual fund offered by ITI Mutual Fund. Launched on 05 May 2021, the fund aims Regular income over short term. Investments in debt and money market instruments, such that the Macaulay duration of the portfolio is between 3 months - 6 months. It manages assets worth ₹152.8 crore as on Tue Jun 30, 2026. The expense ratio stands at 0.21%.
Laukik Bagwe has experience Prior to joining ITI Mutual fund he has worked with DSP Mutual Fund, Derivium Capital and Securities Pvt. Ltd. and with Birla Sun Life Securities Ltd.
Top Performing Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| UTI Ultra Short Duration Fund Direct-flexi Idcw | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-growth | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Daily | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Fortnightly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Half Yearly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Monthly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Quarterly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Weekly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Yearly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| Nippon India Ultra Short Duration Fund Direct-growth | 10,200.0 | +0.45% | +1.93% | +3.65% | +6.87% | +7.58% | +6.92% |
growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns
More Funds from ITI Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Iti Ultra Short Term Fund Direct-growth | 152.8 | +0.46% | +1.75% | +3.41% | +6.41% | +7.10% | +6.31% |
| Iti Ultra Short Term Fund Regular-growth | 152.8 | +0.40% | +1.56% | +3.04% | +5.61% | +6.26% | +5.45% |
| Iti Ultra Short Term Fund Regular-idcw Daily | 152.8 | +0.40% | +1.56% | +3.04% | +5.61% | +6.26% | +5.45% |
| Iti Ultra Short Term Fund Regular-idcw Fortnightly | 152.8 | +0.40% | +1.56% | +3.04% | +5.61% | +6.26% | +5.45% |
| Iti Ultra Short Term Fund Regular-idcw Monthly | 152.8 | +0.40% | +1.56% | +3.04% | +5.61% | +6.26% | +5.45% |
| Iti Ultra Short Term Fund Direct-idcw Monthly | 152.8 | +0.46% | +1.75% | +3.41% | +6.41% | +7.10% | +6.31% |
| Iti Ultra Short Term Fund Regular-idcw Weekly | 152.8 | +0.40% | +1.56% | +3.04% | +5.61% | +6.26% | +5.45% |
| Iti Ultra Short Term Fund Direct-idcw Weekly | 152.8 | +0.46% | +1.75% | +3.41% | +6.41% | +7.10% | +6.31% |
| Iti Ultra Short Term Fund Regular-idcw Yearly | 152.8 | +0.40% | +1.56% | +3.04% | +5.61% | +6.26% | +5.45% |
growth is based on 1-month returns of the funds
Top Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Savings Direct-growth | 17,816.3 | +0.46% | +1.88% | +3.48% | +6.54% | +7.50% | +6.69% |
| Aditya Birla Sun Life Savings Regular-growth | 17,816.3 | +0.44% | +1.81% | +3.34% | +6.27% | +7.25% | +6.47% |
| Aditya Birla Sun Life Savings Regular-idcw Daily | 17,816.3 | +0.44% | +1.81% | +3.34% | +6.27% | +7.25% | +6.47% |
| Aditya Birla Sun Life Savings Direct-idcw Daily | 17,816.3 | +0.46% | +1.88% | +3.48% | +6.54% | +7.50% | +6.69% |
| Aditya Birla Sun Life Savings Regular-idcw Weekly | 17,816.3 | +0.44% | +1.81% | +3.34% | +6.27% | +7.25% | +6.47% |
| Aditya Birla Sun Life Savings Direct-idcw Weekly | 17,816.3 | +0.46% | +1.88% | +3.48% | +6.54% | +7.50% | +6.69% |
| HDFC Ultra Short Term Fund Regular-growth | 15,949.6 | +0.41% | +1.70% | +3.18% | +5.96% | +6.88% | +6.14% |
| HDFC Ultra Short Term Fund Direct-growth | 15,949.6 | +0.44% | +1.79% | +3.36% | +6.32% | +7.23% | +6.48% |
| HDFC Ultra Short Term Fund Regular-idcw Daily | 15,949.6 | +0.41% | +1.70% | +3.18% | +5.96% | +6.88% | +6.14% |
| HDFC Ultra Short Term Fund Direct-idcw Daily | 15,949.6 | +0.44% | +1.79% | +3.36% | +6.32% | +7.23% | +6.48% |
Top funds are based on Fund AUM
Top Debt Funds
| Fund name | ||||
|---|---|---|---|---|
| Uti Ultra Short Duration Fund Direct-flexi Idcw | ₹2,367.13 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-growth | ₹4,878.92 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Daily | ₹1,623.13 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Fortnightly | ₹1,345.80 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Half Yearly | ₹1,546.94 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Monthly | ₹1,175.70 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Quarterly | ₹2,025.77 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Weekly | ₹1,084.26 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Yearly | ₹1,534.64 | +7.32% | +7.11% | — |
| Nippon India Ultra Short Duration Fund Direct-growth | ₹4,782.86 | +7.58% | +6.92% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 03 Aug 2026 | ₹1,002.23 |
| 31 Jul 2026 | ₹1,001.53 |
| 30 Jul 2026 | ₹1,001.20 |
| 29 Jul 2026 | ₹1,001.10 |
| 28 Jul 2026 | ₹1,001.00 |
| 27 Jul 2026 | ₹1,003.51 |
| 24 Jul 2026 | ₹1,002.83 |
| 23 Jul 2026 | ₹1,002.57 |
| 22 Jul 2026 | ₹1,002.32 |
| 21 Jul 2026 | ₹1,002.29 |
| 20 Jul 2026 | ₹1,001.88 |
| 17 Jul 2026 | ₹1,001.61 |
| 16 Jul 2026 | ₹1,001.17 |
| 15 Jul 2026 | ₹1,000.85 |
| 14 Jul 2026 | ₹1,000.71 |
| 13 Jul 2026 | ₹1,001.00 |
| 10 Jul 2026 | ₹1,003.08 |
| 09 Jul 2026 | ₹1,002.88 |
| 08 Jul 2026 | ₹1,002.44 |
| 07 Jul 2026 | ₹1,002.70 |
| 06 Jul 2026 | ₹1,002.99 |
| 03 Jul 2026 | ₹1,002.68 |
| 02 Jul 2026 | ₹1,002.56 |
| 01 Jul 2026 | ₹1,002.09 |
| 30 Jun 2026 | ₹1,001.58 |
| 29 Jun 2026 | ₹1,001.00 |
| 25 Jun 2026 | ₹1,004.72 |
| 24 Jun 2026 | ₹1,004.17 |
| 23 Jun 2026 | ₹1,003.80 |
| 22 Jun 2026 | ₹1,003.64 |
Portfolio Updated on: 04 Aug, 2026
Fund Growth & Size Analysis
+₹152.8 Cr
Since Launch
This Fund
Category Average
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Iti Ultra Short Term Fund Direct-idcw Fortnightly Returns Comparison
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Iti Ultra Short Term Fund Direct-idcw Fortnightly FAQ'S
- Sharpe Ratio: 3.17%
- Standard Deviation: 0.36%
- Sortino Ratio: 4.43%
Additional important ratios:
As of Tue Jun 30, 2026, the total assets managed under Iti Ultra Short Term Fund Direct-idcw Fortnightly stand at approximately ₹ 152.8 crore.
The Iti Ultra Short Term Fund Direct-idcw Fortnightly has delivered the following short-term performance:
- 3 Months Return: 1.75%
- 6 Months Return: 3.41%
The historical growth of the Iti Ultra Short Term Fund Direct-idcw Fortnightly is reflected through its CAGR returns:
- 3 Year CAGR: 7.10%
- 5 Year CAGR: 6.31%
- Return Since Launch: 6.19%
The portfolio of Iti Ultra Short Term Fund Direct-idcw Fortnightly is distributed across different asset classes as follows:
- Debt Instruments: 98.06%
- Other Assets: 1.94%
The Iti Ultra Short Term Fund Direct-idcw Fortnightly is managed by Laukik Bagwe, representing ITI Mutual Fund.
Top stock holdings of Iti Ultra Short Term Fund Direct-idcw Fortnightly include:
- INDIAN BANK CD 06MAR26 – represents 10.24% of the portfolio
- BANK OF BARODA CD 11MAR26 – represents 10.23% of the portfolio
- GOVERNMENT OF INDIA 37184 091 DAYS TBILL 11JU26 FV RS 100 – represents 14.10% of the portfolio
- GOVERNMENT OF INDIA 37184 091 DAYS TBILL 11JU26 FV RS 100 – represents 8.92% of the portfolio
- Small Industries Dev Bank of India (18/02/2027) ** – represents 8.47% of the portfolio
- ICICI SECURITIES LIMITED 365D CP 22MAY26 – represents 12.71% of the portfolio
- ICICI SECURITIES LIMITED 365D CP 22MAY26 – represents 8.02% of the portfolio
- ICICI SECURITIES LIMITED 365D CP 22MAY26 – represents 9.07% of the portfolio
- INDIAN BANK CD 12JUN26 – represents 7.77% of the portfolio
- BANK OF BARODA CD 15JUN26 – represents 7.77% of the portfolio
Major sector exposures in Iti Ultra Short Term Fund Direct-idcw Fortnightly are:
- Financial – accounts for 1,065.47% of the portfolio
- Energy & Utilities – accounts for 33.48% of the portfolio
- Materials – accounts for 27.25% of the portfolio
- Entities – accounts for 4.25% of the portfolio
- Diversified – accounts for 2.92% of the portfolio
