COMPARE
HDFC FMP 2638D February 2023 - Growth Option - Direct Plan vs ICICI Prudential Short Term Fund - Direct Plan - Growth Option
HDFC FMP 2638D February 2023 and ICICI Prudential Short Term Fund are both in the Short Duration Fund category, from HDFC Asset Management Company Limited and ICICI Prudential Asset Management Company Limited respectively. HDFC FMP 2638D February 2023 has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
HDFC FMP 2638D February 2023 has the lower direct-plan expense ratio, by 0.30 percentage points.
| HDFC FMP 2638D February 2023 - Growth Option - Direct Plan | ICICI Prudential Short Term Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Short Duration Fund | Short Duration Fund |
| AMC | HDFC Asset Management Company Limited | ICICI Prudential Asset Management Company Limited |
| Benchmark | NIFTY Long Duration Debt Index | NIFTY Short Duration Debt Index A-II |
| NAV | ₹13.1319 (2026-10-28) | ₹70.4737 (2026-10-28) |
| AUM | ₹168.42 Cr | ₹18,540.463 Cr |
| Expense Ratio (Direct) | 0.15% | 0.45% |
| Inception | 2023-02-21 | 2012-12-11 |
Returns
Rolling returns are not available for this fund yet.
Risk Metrics
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager.
Portfolio Analytics
Punji Fund Health Score
HDFC FMP 2638D February 2023 has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, HDFC FMP 2638D February 2023 or ICICI Prudential Short Term Fund?
HDFC FMP 2638D February 2023's direct-plan expense ratio is 0.30 percentage points lower than ICICI Prudential Short Term Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't HDFC FMP 2638D February 2023 and ICICI Prudential Short Term Fund show risk metrics like Sharpe ratio or alpha?
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, HDFC FMP 2638D February 2023 or ICICI Prudential Short Term Fund?
ICICI Prudential Short Term Fund has ₹18,540 Cr in assets under management, versus ₹168 Cr for HDFC FMP 2638D February 2023. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, HDFC FMP 2638D February 2023 or ICICI Prudential Short Term Fund?
ICICI Prudential Short Term Fund launched on 2012-12-11, making it older than HDFC FMP 2638D February 2023 (launched 2023-02-21). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.