HealthyDirect · GrowthFit for a long SIP
ICICI Prudential Short Term Fund
ICICI Prudential Mutual FundDebt Scheme - Short Duration Fund13.8 years
The scheme seeks to generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity
- NAV
- 70.5403
- 29 Oct 2026
- 1Y
- +4.9%
- Trailing CAGR
- AUM
- ₹18,889.78 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.6% 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 95% 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
0.45% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -3.4%. Ask whether you can hold through a similar fall.
Vs category
Pass
95% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Nikhil Kabra · 5.8 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 ≈ 32.3% 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+4.9%
- 3Y+7.4%
- 5Y+7.0%
- 10Y+7.6%
- SI+8.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.2%
- 3Y+6.6%
- 5Y+7.1%
- 10Y+7.4%
- Since inception
- +8.3%
- Calendar-day CAGR
- Excess 1Y
- +0.5%
- Category median, same plan and option
- 3Y win rate
- +95%
- Windows beating the median
- 3Y percentile
- 100
- Vs comparable share classes
- SIP 3Y XIRR
- +6.6%
- Simulated monthly SIP
- Worst rolling 3Y
- +6.0%
- 2619 daily-ending windows
- Median rolling 3Y
- +8.4%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2136 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -3.4%
- Worst peak-to-trough
- Current
- -0.5%
- Below last peak
- Current spell
- 50 days
- Days below latest peak
- Time below peak
- +44%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 367 recovered episodes
- Longest recovery
- 55 days
- Trough to prior peak
19 Jun 2013 – 4 Oct 2013
Trough 19 Aug 2013 · recovered in 46 days
-3.4%
6 Mar 2020 – 20 Apr 2020
Trough 26 Mar 2020 · recovered in 25 days
-2.4%
6 Dec 2016 – 9 Jan 2017
Trough 27 Dec 2016 · recovered in 13 days
-1.0%
9 Apr 2018 – 21 Jun 2018
Trough 16 May 2018 · recovered in 36 days
-0.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
100
Vs category
53
Consistency
89
Risk-adjusted
100
Drawdown
92
Mean
87
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 95% 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 · 157 holdings · top 10 are 32.3%.
- Top 5
- 21.7%
- Top 10
- 32.3%
- Largest holding
- 6.6%
- Effective holdings
- 55.7
Others IRS
Unspecified
6.6%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25E 7.53 BD 24MR28 FVRS1LAC
Financial
5.0%
LIC HOUSING FINANCE LTD TR 454 7.58 NCD 23MR35 FVRS1LAC
Financial
4.0%
VEDANTA LIMITED SR I 9.31 NCD 03DC27 FVRS1LAC
Materials
3.1%
SHIVSHAKTI SECURITISATION TRUST SS TRUST PTC 15SEPT25
Unspecified
3.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
DSP Short Term Fund
DSP Mutual Fund
- 1Y
- +4.0%
- 3Y
- +7.0%
- Vol
- 1.4%
- Max DD
- -2.8%
- Sharpe
- 1.27
- 3Y win
- +2%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
JM Short Term Fund..
JM Financial Mutual Fund
- 1Y
- +4.3%
- 3Y
- +7.0%
- Vol
- 0.9%
- Max DD
- -0.5%
- Sharpe
- 0.98
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
TRUSTMF Short Duration Fund
Trust Mutual Fund
- 1Y
- +4.5%
- 3Y
- +7.0%
- Vol
- 0.9%
- Max DD
- -1.1%
- Sharpe
- 0.28
- 3Y win
- 0%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Aditya Birla Sun Life Short Term Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +4.6%
- 3Y
- +7.4%
- Vol
- 1.6%
- Max DD
- -2.7%
- Sharpe
- 1.53
- 3Y win
- +91%
- Shallower drawdown
- Lower TER
Caveat: Higher volatility · Lower trailing returns
Franklin India Short-Term Income Plan (no. of segregated portfolios- 3)
Franklin Templeton Mutual Fund
- 1Y
- +192.3%
- 3Y
- +47.3%
- Vol
- n/a
- Max DD
- -17.3%
- Sharpe
- n/a
- 3Y win
- n/a
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown