Ultra Short Duration Funds explained

Ultra short duration funds hold debt with an average maturity of roughly 3–6 months. They sit just above liquid funds on the risk/return ladder.

• Use: money you won't need for 3–12 months and want a bit more yield than a liquid fund.
• Risk: slightly higher interest-rate and credit sensitivity than liquid funds.

A sensible home for short-term goals. Debt taxation (slab rate) applies.

→ Screen them in the MF screener.