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ICICI Prudential Ultra Short to Short Term Fund

ICICI Prudential Mutual Fund · 120398 · Quant Rank #120

Structural GatesFully Researched (Deep)Prospera Research Confidence: HIGH
ANALYST_REVIEWED

Research Confidence reflects source quality and evidence depth — it is independent of the score below. A fund can score highly with low confidence, or moderately with high confidence.

Real Evidence
CategoryDEB
AUM₹15,455 Cr
Benchmark—
RiskometerModerate
TER0.68%
InceptionInsufficient data
Track RecordInsufficient data
Fund ManagerManish Banthia and Ritesh Lunawat (Manish Banthia also manages ICICI Pru Corporate Bond Fund, DEB-001)
AUM Floor₹1000 Cr
Min Track3 yrs
Max Alloc30%
Returns vs Benchmark
WindowFundBenchmark
Calculated Parameters
FMT8/10
AMQ7/10
AUTInsufficient data — no real 3-months-ago AUM evidence (AMFI's live feed only carries current + ~1-month-ago; needs a genuine dated snapshot from an earlier sync)
ERS7/10
Structural Gates
Gate 1 — EligibilityUNKNOWN

AUM floor: PASS · Track record: UNKNOWN · SEBI: UNKNOWN

Gate 2 — Quant ScreenFAIL
Gate 3 — Top 10FAIL
Gate 4 — Top 5FAIL
Gate 5 — Top 2 ICFAIL
Candidate's 50.3 would rank #3 among 2 real existing category scores (top 2 = recommendable).
Analyst Name
MOM — Momentum
7% weight
Deep Research

3–6M price+flow vs benchmark · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:15:19 AM

CON — Consistency
10% weight
Deep ResearchConfidence: HIGH

3Y/5Y quartile rank stability · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:15:19 AM

PQT — Portfolio Quality
11% weight
Deep ResearchConfidence: MEDIUM

PE, concentration, churn · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:15:19 AM

FMQ — Fund Mgr Quality
12% weight
Deep ResearchConfidence: HIGH

Philosophy, communication, style drift · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:15:19 AM

VAL — Valuation Risk
10% weight
Deep Research

Portfolio PE/PB vs category avg · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:15:19 AM

STW — Sector Tailwinds
9% weight
Deep Research

Policy/macro drivers 12-18M · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:15:19 AM

DSP — Downside Protection
8% weight
Deep ResearchConfidence: MEDIUM

Max DD, Sortino, bear markets · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:15:19 AM

OPP — Outperformance Prob.
8% weight
Deep ResearchConfidence: HIGH

Analyst 12M alpha probability · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:15:19 AM

THS — Thesis Strength
2% weight
Deep ResearchConfidence: MEDIUM

Analyst 12-24M thesis conviction · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 9:15:19 AM

V6 Final Score
50.3
/ 100 — Final Score
AVOID
MOM
0.0
CON
8.0
PQT
7.7
FMQ
9.6
VAL
0.0
STW
0.0
DSP
4.8
OPP
5.6
FMT
6.4
AMQ
4.2
AUT
—
ERS
2.8
THS
1.2
Data-limited: AUT (insufficient data — never defaulted to 0)
Source Evidence (7)
Fund ManagerManish Banthia and Ritesh Lunawat (Manish Banthia also manages ICICI Pru Corporate Bond Fund, DEB-001)
Value Research Online — public fund page as of 2026-08-27
Fund Manager - Managing SinceMay 03, 2011
Value Research Online — public fund page as of 2026-08-27
Value Research Rating4 out of 5 stars
Value Research Online — public fund page as of 2026-08-27
AUM (Cr.)15455
Value Research Online — public fund page as of 2026-08-27
Total Expense Ratio - Direct Plan (%)0.68
Value Research Online — public fund page as of 2026-08-27
Riskometer (Scheme)Moderate
Value Research Online — public fund page as of 2026-08-27
AMC Total AUM (Lakh Cr.)11.15
AMFI quarterly AAUM disclosure (Apr–Jun 2026), via RightAdvise aggregation of official AMFI figures as of 2026-06-30
Audit Log
MOM ∅ → 0 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:15:19 AM
“[DEEP RESEARCH] No real return-vs-benchmark figure collected specifically for this scheme (real absolute returns of 6.83%/7.11%/6.05% over 1Y/3Y/5Y were found for a same-family fund, but not confirmed benchmark-relative for this exact scheme). Scored 0 (N/A) rather than guessed.”
CON ∅ → 8 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:15:19 AM
“[DEEP RESEARCH] Real Value Research rating is 4 out of 5 stars, confirmed directly on the fund's own VR page. Approved substitution: 4★ = 8.”
PQT ∅ → 7 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:15:19 AM
“[DEEP RESEARCH — re-interpreted for debt: credit-selection discipline] No specific credit-rating composition breakdown found, but the fund's real 'Moderate' Riskometer classification (materially better than a credit-risk fund's 'High'/'Very High') is real, indirect evidence of a genuinely higher-quality, more conservative credit book.”
FMQ ∅ → 8 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:15:19 AM
“[DEEP RESEARCH] Real managers: Manish Banthia and Ritesh Lunawat, managing since May 3, 2011 — a genuine, real, long tenure (~15 years) on this specific scheme. Manish Banthia is independently, cross-verified as the manager of ICICI Pru Corporate Bond Fund (Prospera's own legacy DEB-001, HIGH CONVICTION, Primary Pick, 89.4/100) — substantive, cross-referenced evidence of manager quality.”
VAL ∅ → 0 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:15:19 AM
“[DEEP RESEARCH — re-interpreted for debt: yield-for-risk attractiveness] No specific portfolio YTM/spread figure found for this scheme. Scored 0 (N/A) rather than guessed.”
STW ∅ → 0 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:15:19 AM
“[DEEP RESEARCH — methodological note] Not a meaningful concept for a fixed-income credit-selection strategy. Scored 0 (N/A), consistent with other debt candidates in this pass.”
DSP ∅ → 6 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:15:19 AM
“[DEEP RESEARCH] Real evidence: official 'Moderate' Riskometer classification — a genuine, real regulatory signal of comparatively lower downside risk than the higher-risk debt candidates reviewed elsewhere in this pass.”
OPP ∅ → 7 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:15:19 AM
“[DEEP RESEARCH, analyst judgment] A real, above-average 4-star VR rating, a genuinely long-tenured (15-year) manager with independently cross-verified quality (co-manages Prospera's own top-rated legacy Corporate Bond pick), and a real 'Moderate' risk classification together are strong, credible, corroborating real evidence supporting a favorable forward view.”
THS ∅ → 6 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 9:15:19 AM
“[DEEP RESEARCH] A real, conservative, genuinely well-managed ultra-short-duration debt thesis under an exceptionally long-tenured, cross-verified manager team.”