HealthyDirect · GrowthFit for a long SIP
Tata Ultra Short to Short Term Fund
Tata Mutual FundIncome/Debt Oriented Schemes - Ultra Short to Short Term Fund13.8 years
The scheme aims to generate income & capital appreciation through a portfolio constituted of debt & money market instruments with relatively lower interest rate risk.
- NAV
- 4,377.7862
- 28 Oct 2026
- 1Y
- +5.9%
- Trailing CAGR
- AUM
- ₹2,727.46 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 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 · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
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
0.27% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -5.1%. Ask whether you can hold through a similar fall.
Vs category
Fail
0% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Dhawal Joshi · 0.4 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 ≈ 37.9% 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+5.9%
- 3Y+7.2%
- 5Y+6.5%
- 10Y+6.2%
- SI+7.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.0%
- 3Y+6.8%
- 5Y+6.9%
- 10Y+6.3%
- Since inception
- +7.0%
- Calendar-day CAGR
- Excess 1Y
- +0.1%
- Category median, same plan and option
- 3Y win rate
- +0%
- Windows beating the median
- 3Y percentile
- 42
- Vs comparable share classes
- SIP 3Y XIRR
- +6.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +3.8%
- 2605 daily-ending windows
- Median rolling 3Y
- +6.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2122 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -5.1%
- Worst peak-to-trough
- Current
- -0.0%
- Below last peak
- Current spell
- 9 days
- Days below latest peak
- Time below peak
- +18%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 139 recovered episodes
- Longest recovery
- 252 days
- Trough to prior peak
3 Jun 2019 – 24 Feb 2020
Trough 17 Jun 2019 · recovered in 252 days
-5.1%
5 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-1.2%
2 May 2022 – 21 Jun 2022
Trough 6 May 2022 · recovered in 46 days
-0.5%
15 Jul 2013 – 7 Aug 2013
Trough 16 Jul 2013 · recovered in 22 days
-0.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
42
Vs category
51
Consistency
14
Risk-adjusted
67
Drawdown
87
Mean
52
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
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 59 holdings · top 10 are 37.9%.
- Top 5
- 22.6%
- Top 10
- 37.9%
- Largest holding
- 5.4%
- Effective holdings
- 39.6
HDFC BANK LIMITED CD 14DEC26
Financial
5.4%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24E 7.80 BD 15MR27 FVRS1LAC
Financial
4.6%
KOTAK MAHINDRA BANK LIMITED CD 21DEC26
Financial
4.5%
DLF CYBER CITY DEVELOPERS LTD 6.92 NCD 28JL28 FVRS1LAC
Real Estate
4.5%
INDIAN BANK CD 12JAN27
Financial
3.6%
What changed
DECISION
Status moved from MONITOR to HEALTHY.
11 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Mirae Asset Ultra Short to Short Term Fund
Mirae Asset Mutual Fund
- 1Y
- +5.9%
- 3Y
- +7.3%
- Vol
- 0.7%
- Max DD
- -1.4%
- Sharpe
- 1.61
- 3Y win
- +18%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Aditya Birla Sun Life Ultra short to short term Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +5.6%
- 3Y
- +7.2%
- Vol
- 0.8%
- Max DD
- -1.7%
- Sharpe
- 2.53
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Axis Ultra Short to Short Term Fund
Axis Mutual Fund
- 1Y
- +5.9%
- 3Y
- +7.3%
- Vol
- 0.7%
- Max DD
- -1.5%
- Sharpe
- 2.52
- 3Y win
- +84%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUND - Weekly Option
Baroda BNP Paribas Mutual Fund
- 1Y
- +6.0%
- 3Y
- +7.2%
- Vol
- 0.5%
- Max DD
- -0.6%
- Sharpe
- 1.84
- 3Y win
- +85%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
HDFC Ultra Short to Short Term Fund
HDFC Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.2%
- Vol
- 0.7%
- Max DD
- -1.3%
- Sharpe
- 2.31
- 3Y win
- +84%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER