Two funds walk into a table. Only the numbers talk.
SBI Ultra Short Term Fund vs Nippon India Ultra Short Term Fund
Pick two or three funds. We’ll tell you in plain words which grew faster, which was calmer, which costs less and what your money would have become. Figures are for the Direct plan, Growth option, where a fund has one.
- ASBI Ultra Short Term Fund
SBI Mutual Fund- Ultra Short Duration Fund
- Direct plan
- Moderate Risk
NAV ₹6,624.69 on 13 Nov 2026
- BNippon India Ultra Short Term Fund
Nippon India Mutual Fund- Ultra Short Duration Fund
- Direct plan
- Moderate Risk
NAV ₹4,869.8 on 13 Nov 2026
The short version
Who comes out ahead on each measure, over the 5 years all of them have been around.
Grew faster
BNippon India Ultra Short Term Fund
Nippon India Ultra Short Term Fund returned 7.1% a year over 5 years, against 6.6% for SBI Ultra Short Term Fund. ₹1 lakh invested 5 years ago would be about ₹1.41 Lakh today, against ₹1.37 Lakh.
Fell less in a crash
ASBI Ultra Short Term Fund
At its worst, SBI Ultra Short Term Fund fell 1% from its peak, against 5.2% for Nippon India Ultra Short Term Fund. On ₹1 lakh, that's a dip to ₹94,758 at the bottom for Nippon India Ultra Short Term Fund. Could you have held on?
What your money would have become
The same amount, put into each fund on the same day.
The dashed line is the ₹10,000 you put in. Above it is profit, below it is loss.
- ASBI Ultra Short Term Fund₹13,726 from ₹10,000(6.6% a year)
- BNippon India Ultra Short Term Fund₹14,045 from ₹10,000(7.1% a year)
A one-time ₹10,000 put in 5 years ago, valued at the latest NAV. This is what happened, not what will.
Strengths and watch-outs
Each fund judged against its own category, and against a 5-year SBI FD at 6.05%.
ASBI Ultra Short Term Fund
- Strength: Fell less than its category in the worst crash
- Strength: Low cost: 0.35% a year
BNippon India Ultra Short Term Fund
- Strength: In the top quarter of its category over 5 years (#1 of 22)
- Strength: Beat a 5-year SBI FD: 7.1% a year over 5 years, against 6.05%
- Strength: Low cost: 0.34% a year
- Watch out: Fell harder than its category in the worst crash
All the numbers
The stronger figure in each row is marked Best. Under each return is the fund’s rank in its category and the category average.
| Measure | ASBI Ultra Short Term Fund | BNippon India Ultra Short Term Fund |
|---|---|---|
| ReturnsHow much the fund grew. Beyond a year, this is per year (annualised). | ||
| 1 yearLast 12 months, the most noisy figure | 6.4%#18 of 25 · avg 6.4% | 6.9%Best#2 of 25 · avg 6.4% |
| 3 yearsPer year, over a full market mood swing | 7.1%#16 of 23 · avg 7.2% | 7.5%Best#1 of 23 · avg 7.2% |
| 5 yearsPer year, the fairest single test | 6.6%#14 of 22 · avg 6.6% | 7.1%Best#1 of 22 · avg 6.6% |
| 10 yearsPer year, across bull and bear markets | 6.6%#6 of 11 · avg 6.4% | – |
| RiskHow bumpy the ride was. This is what decides whether you stay invested. | ||
| Ups and downsVolatility: how far it swings in a typical year. Lower is calmer | 0.4%Bestcategory avg 0.4% | 0.4%category avg 0.4% |
| Worst fallThe biggest drop from a peak in 10 years. Lower is better | −1%Bestcategory avg −2.5% | −5.2%category avg −2.5% |
| Best 12 monthsIts strongest year | 8.8% | 10.4%Best |
| Worst 12 monthsIts weakest year | 3.4%Best | -0.1% |
| Odds of a gainShare of all 1-year holding periods that ended in profit | 100%Best | 100% |
| Cost and sizeThe fee comes out of your returns every year, whether the fund does well or not. | ||
| Expense ratioYearly fee. Lower keeps more for you | 0.35% | 0.34%Best |
| Fund sizeMoney managed (AUM). Neither better nor worse | ₹11,237 Cr | ₹11,551 Cr |
| Minimum SIPSmallest monthly amount | ₹500 | ₹100Best |
| Lock-inTime before you can withdraw | None | None |
| What it holdsWhere the money sits. Equity is shares, debt is bonds, cash is waiting to be invested. | ||
| In bondsDebt | 92.6% | – |
| In cashNot yet invested | 6.6% | – |
| HoldingsNumber of investments | 57 | – |
“Best” is not a recommendation: a fund that returned more usually took more risk to do it.
Top 10 holdings
Marked Both where another fund here holds it too.
ASBI Ultra Short Term Fund
- HDFC Bank Ltd9.1%
- 91 DAY T-BILL 14.01.278.3%
- Kotak Mahindra Bank Ltd6.9%
- National Bank for Agriculture and Rural Development6%
- Punjab National Bank3.9%
- Muthoot Fincorp Ltd3.4%
- Small Industries Development Bank of India3.4%
- JM Financial Services Ltd3.1%
- Muthoot Finance Ltd2.8%
- Adani Power Ltd2.6%
As on 31 Oct 2026
BNippon India Ultra Short Term Fund
Holdings are not available for this fund yet.
Which one fits you?
There is no best fund, only a better fit for what you need the money to do.
ASBI Ultra Short Term Fund
Might suit you if…
- a smoother ride matters more to you than the top return
BNippon India Ultra Short Term Fund
Might suit you if…
- you want the stronger long-run growth and can sit through sharper falls