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ICICI Pru Ultra S/T

ICICI Pru Ultra S/T

Debt
India Debt Liquid Market
Large Cap
Liquid
Others
Emotionally driven
Investor Profile
1–3 yearsInvestment Horizon
HNI, UHNI, Retail Investor, Mass AffluentTarget Segments
SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit
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Icici Prudential Ultra Short Term Fund Growth invests in short-term bonds, balancing safety with modest growth.

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What This Strategy Does

ICICI Pru Ultra S/T Gr is an ultra-short duration fixed income fund which captures India's ₹8 trillion short-term debt market through active duration management, deploying capital across high-quality corporate and government bonds to achieve benchmark-aligned compounding.

CW Expert Research Notes

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

Fund Performance

-0.2% AnnuallyAlpha
+6.5% vs +9.2% benchmarkSince Inception
+6.9% vs +6.1% benchmark3Y Annualized
+6.3% vs +4.5% benchmark5Y Annualized
ICICI Pru Ultra S/T
Benchmark Index
Fund Performance

Benchmark Performance Comparison

Icici Prudential Ultra Short Term Fund
FD Returns
Given the product’s limited performance history, the assessment considers the fund house’s track record and the historical performance of comparable strategies managed by the same fund house, which follow similar investment approaches. Such comparisons provide historical context only and do not represent the performance of the new product or indicate its future returns.
Risk Profile

Risk Profile

Standard Deviation0.6%
Sharpe Ratio1.00
Beta1.22
Upside Capture97%

Detailed Risks

Market Risk

Potential recession or economic slowdown could trigger risk-off sentiment, reducing demand for credit.

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Core Investment Theme

Delivers stability and capital preservation through exposure to high-quality, short-term debt instruments. This ultra-short duration strategy aims to minimize interest rate risk while generating consistent income, translating into lower volatility and downside protection compared to longer-duration bond funds. The impact is a steady return profile suitable for investors seeking liquidity and capital preservation over the short term.

Broader Market View

Market Outlook

The global economy faces headwinds from elevated inflation and tightening monetary policies. However, opportunities exist in sectors poised to benefit from secular trends like digitalization and sustainability.

Why This Strategy is Attractive Now

This strategy aims to capitalize on long-term structural growth drivers while mitigating risks through diversification. Its focus on quality companies with sustainable competitive advantages could provide resilience during market volatility.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach focused on resilient business models and prudent valuations appears well-positioned.

High-Level Investment Process

Sourcing: The strategy appears to source investment ideas from a broad universe of quality companies across market capitalizations and sectors, with a preference for those demonstrating sustainable competitive advantages and consistent profitability. Selection: The selection process suggests an emphasis on fundamental research to identify companies with durable growth drivers, strong management teams, and attractive valuations relative to growth prospects. Construction: Portfolio construction is consistent with a diversified, conviction-weighted approach, balancing risk management with the ability to establish meaningful position sizes in high-conviction holdings.
Portfolio Holdings Overview

Portfolio Holdings Overview

SectoralAllocation
Financial Services100%
Top Stock Holdings

Top Stock Holdings

CompanySectorAllocation
Cash Offsets For Shorts & DerivativesUtilities26.39%
TrepsUtilities3.23%
India (Republic of)Utilities3.13%
Canara BankUtilities2.89%
Small Industries Dev Bank Of IndiaUtilities2.76%
Punjab National BankUtilities2.45%
National Bank For Agriculture And Rural DevelopmentUtilities2.35%
Small Industries Development Bank Of IndiaUtilities2.20%
HDFC Bank LimitedUtilities2.14%
National Bank For Agriculture And Rural DevelopmentUtilities2.05%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Fund Manager Track Record

RL

Ritesh Lunawat

Lead Portfolio Manager

Mr. Ritesh Lunawat has experience of 14 years. Manages 130 funds at Deutsche Bank AG with an AUM of approximately ₹28,974 Cr Holds a B.Com degree.

CW Expert Take
CW Expert Take

ICICI Prudential combines scale with specialization. Their investment philosophy centers on understanding business economics rather than following market momentum. The fund house has built distinct expertise across asset classes, from equity research teams focused on sectoral deep-dives to fixed income desks with strong credit assessment capabilities.

Team

35 years

Combined Team Experience

AUM

₹ 28,974 Cr

Assets Under Management

Firm OverviewFirm Overview

AMCDeutsche Bank AG

Investment Philosophy & Approach

Disciplined Approach

Disciplined Approach

ICICI Prudential follows a disciplined investment approach focused on rigorous research.

Risk Management

Risk Management

The fund house emphasizes robust risk management practices and processes.

Long-Term Perspective

Long-Term Perspective

ICICI Prudential maintains a long-term perspective in portfolio construction.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

iconCosts and Fees

Total Expense Ratio (TER)0.8%

iconRegulatory & Tax Information

INF109K01TP7
verified
ISIN
DailyDealing Frequency
CRISIL Ultra Short Dur Debt A-I TR INRBenchmark

Capital Gain Tax | Taxed as per Income Tax Slab

Tax Implications (India)
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