Returns as of: 27 October 2026
- ₹10,000 put in three years ago is worth ₹12,400 now
- 1-year return: 4.82%, higher than the category average of 4.37%
- 3-year return: 7.43% a year, higher than the category average of 7.21%
- Expense ratio (Direct plan): 0.45%, higher than the category average of 0.38%
- Assets: ₹18,890 crore at 30 September 2026
- Largest holding: 7.53% NABARD, 4.98% of the fund; the top ten are 27.15%
- Volatility over three years: 0.95% a year
The ICICI Prudential Short Term Fund turned an investment of ₹10,000 into ₹12,400 over the past three years. This Debt – Short Term Fund delivered a 1-year return of 4.82%. The expense ratio for the fund is 0.45%. Total assets were ₹18,890 crore at 30 September 2026.
ICICI Prudential Short Term Fund: key details
| Fund house | ICICI Prudential Mutual Fund |
| Category | Debt – Short Term Fund |
| Benchmark | Nifty Short Duration Debt Index |
| Expense ratio (Direct plan) | 0.45% |
| Assets | ₹18,890 crore (30 September 2026) |
| Minimum investment | ₹500 |
| Minimum SIP | ₹500 |
| Exit load | Nil |
| Fund managers | Manish Banthia, Nikhil Kabra |
ICICI Prudential Short Term Fund: returns
| Period | Fund return | Category average | Rank in category |
|---|---|---|---|
| 1 week | −0.26% | – | – |
| 1 month | −0.37% | – | – |
| 3 months | 0.01% | – | – |
| 6 months | 2.12% | – | – |
| 1 year (a year) | 4.82% | 4.37% (24 funds) | 3 of 24 |
| 3 years (a year) | 7.43% | 7.21% (23 funds) | 5 of 23 |
| 5 years (a year) | 6.95% | – | – |
The 1-year return of 4.82% is higher than the category average of 4.37%. Over three years, the fund returned 7.43% annually, which is higher than the category average of 7.21%. Returns for the fund were higher than the category average across both periods.
Assets over recent months
| Month | Assets (₹ crore) |
|---|---|
| 30 April 2026 | 21,450 |
| 31 May 2026 | 21,229 |
| 30 June 2026 | 19,175 |
| 31 July 2026 | 19,260 |
| 31 August 2026 | 19,403 |
| 30 September 2026 | 18,890 |
Volatility and largest fall
| Measure | Fund | Category median |
|---|---|---|
| Volatility (annualised) | 0.95% | 0.97% |
| Largest fall from a high (9 September 2026 to 23 October 2026) | −0.64% | −0.57% |
The fund recorded a volatility of 0.95% a year, which is lower than the category median of 0.97%. The largest fall of the NAV from a high was −0.64%. This fall is larger than the category median of −0.57%.
Portfolio: top holdings
| Holding | Sector | Weight | Value (₹ crore) |
|---|---|---|---|
| 7.53% NABARD | – | 4.98% | 941 |
| 7.58% LIC Housing Finance Ltd. ** | – | 3.96% | 748 |
| 9.31% Vedanta Ltd. ** | – | 3.12% | 590 |
| Shivshakti Securitisation Trust ** | – | 3.03% | 573 |
| 7.44% NABARD | – | 2.82% | 533 |
| Siddhivinayak Securitisation Trust ** | – | 2.40% | 454 |
| 7.04% Small Industries Development Bank Of India. ** | – | 2.32% | 439 |
| 8.02% Cholamandalam Investment And Finance Company Ltd. ** | – | 1.59% | 300 |
| 7.87% Summit Digitel Infrastructure Private Ltd. ** | – | 1.49% | 282 |
| 7.51% Small Industries Development Bank Of India. | – | 1.42% | 269 |
| Sector | Weight |
|---|---|
| Financial Services | 0.34% |
| Type | Weight |
|---|---|
| Corporate Debt | 71.07% |
| Government Securities | 17.56% |
| PTC & Securitized Debt | 7.53% |
| Cash & Cash Equivalents and Net Assets | 3.50% |
| Alternative Investment Fund | 0.34% |
The ten largest securities account for 27.15% of the fund. The largest holding is 7.53% NABARD at 4.98%, with a value of ₹941 crore. The portfolio consists of 157 securities in total.
Objective
The scheme states its objective as follows.
To generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity.
Fund managers
| Name | Role | Experience |
|---|---|---|
| Manish Banthia | Associate Vice President -Investments | 5 Years |
| Nikhil Kabra | Fund Manager | 1 Years |
ICICI Prudential Short Term Fund: FAQs
What would ₹10,000 in the ICICI Prudential Short Term Fund be worth today?
₹10,000 put into the Direct Growth plan on 27 October 2023 would have been worth ₹12,400 on 27 October 2026. This is what happened over those three years, not a forecast.
What is the return of the ICICI Prudential Short Term Fund?
The Direct Growth plan returned 4.82% over one year to 27 October 2026, higher than the category average of 4.37%. Over three years it returned 7.43% a year.
What is the expense ratio of the ICICI Prudential Short Term Fund?
The expense ratio of the Direct plan is 0.45%; the average for 27 Direct plans in the category is 0.38%.
How large is the ICICI Prudential Short Term Fund?
Its assets were ₹18,890 crore at 30 September 2026.
What are the top holdings of the ICICI Prudential Short Term Fund?
At 30 September 2026 the largest holdings were 7.53% NABARD (4.98%), 7.58% LIC Housing Finance Ltd. ** (3.96%), 9.31% Vedanta Ltd. ** (3.12%). The top ten made up 27.15% of the fund.
Who manages the ICICI Prudential Short Term Fund?
The fund is managed by Manish Banthia, Nikhil Kabra.
What is the minimum investment in the ICICI Prudential Short Term Fund?
The minimum investment is ₹500. The minimum SIP is ₹500.
What is the exit load of the ICICI Prudential Short Term Fund?
The scheme states its exit load as: Nil
What is the benchmark of the ICICI Prudential Short Term Fund?
The scheme’s benchmark is the Nifty Short Duration Debt Index.
NAV, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.