HealthyDirect · GrowthFit for a long SIP
Aditya Birla Sun Life Ultra Short Term Fund
Aditya Birla Sun Life Mutual FundIncome/Debt Oriented Schemes - Ultra Short Term Fund13.8 years
The scheme aims to generate regular income from a portfolio of debt and money market instruments, cash and cash equivalents.
- NAV
- 607.4118
- 29 Oct 2026
- 1Y
- +6.4%
- Trailing CAGR
- AUM
- ₹16,278.9 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.6% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.32% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -1.2%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Monika Gandhi · 5.6 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 31.3% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.4%
- 3Y+7.4%
- 5Y+6.8%
- 10Y+6.9%
- SI+7.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.5%
- 3Y+7.1%
- 5Y+7.2%
- 10Y+6.8%
- Since inception
- +7.7%
- Calendar-day CAGR
- Excess 1Y
- -0.0%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 94
- Vs comparable share classes
- SIP 3Y XIRR
- +7.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.2%
- 2620 daily-ending windows
- Median rolling 3Y
- +7.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2137 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -1.2%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +11%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 147 recovered episodes
- Longest recovery
- 25 days
- Trough to prior peak
5 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-1.2%
15 Jul 2013 – 12 Aug 2013
Trough 24 Jul 2013 · recovered in 19 days
-0.6%
7 Feb 2017 – 27 Feb 2017
Trough 9 Feb 2017 · recovered in 18 days
-0.4%
6 Dec 2016 – 2 Jan 2017
Trough 8 Dec 2016 · recovered in 25 days
-0.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
94
Vs category
50
Consistency
97
Risk-adjusted
100
Drawdown
97
Mean
88
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 137 holdings · top 10 are 31.3%.
- Top 5
- 20.9%
- Top 10
- 31.3%
- Largest holding
- 6.0%
- Effective holdings
- 55.0
National Bank For Agriculture and Rural Development (17/02/2027) **
Financial
6.0%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 18MAR27
Financial
4.5%
INDUSIND BANK LTD. CD 14DEC26
Financial
4.4%
SHRIRAM FINANCE LIMITED SR XXV TR 14 RR NCD 02SP27 FVRS1LAC
Financial
3.3%
VEDANTA LIMITED SR II 9.45 NCD 05JU28 FVRS1LAC
Materials
2.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
BANDHAN ULTRA SHORT TERM FUND
Bandhan Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.1%
- Vol
- 0.5%
- Max DD
- -0.9%
- Sharpe
- 0.98
- 3Y win
- +10%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Baroda BNP Paribas Ultra Short Term Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.1%
- Vol
- 0.5%
- Max DD
- -1.0%
- Sharpe
- 1.16
- 3Y win
- +53%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Canara Robeco Ultra Short Term Fund
Canara Robeco Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.0%
- Vol
- 0.5%
- Max DD
- -0.6%
- Sharpe
- 2.24
- 3Y win
- +0%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
DSP Ultra Short Term Fund
DSP Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.3%
- Vol
- 0.6%
- Max DD
- -1.1%
- Sharpe
- 2.10
- 3Y win
- +27%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Franklin India Ultra Short Term Fund
Franklin Templeton Mutual Fund
- 1Y
- +6.3%
- 3Y
- n/a
- Vol
- 0.4%
- Max DD
- -0.1%
- Sharpe
- 2.78
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns