Bandhan Ultra Short Term Fund
- NAV as on 9 Nov 2026
- ₹16.52+0.06%1 day
- Return since launch
- 6.2%
- 52-week range
- ₹15.56 — ₹16.51
- AUM
- ₹4,360 Cr
Bandhan Ultra Short Term Fund is a Ultra Short Duration debt fund from Bandhan Mutual Fund with ₹4,360 Cr under management, launched in 2018. Over three years it has returned 6.6% a year, against 6.6% for its category. The expense ratio is 0.49% and the SEBI riskometer reading is Low to Moderate.
Performance
Bandhan Ultra Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.2% against +6.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.3% | +0.3 pts | 6.0% | 6.2% |
| 2Y | 6.4% | +0.3 pts | 6.1% | 6.3% |
| 3Y | 6.6% | 0.0 pts | 6.6% | 6.5% |
| 5Y | 6.7% | +0.7 pts | 6.0% | 6.5% |
| 7Y | 6.3% | +0.2 pts | 6.0% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.4% | 0.0 pts | 1.3% | 1.3% |
| 6M | 3.2% | +0.1 pts | 3.1% | 3.1% |
| 1Y | 6.2% | +0.2 pts | 6.0% | 6.1% |
| 2Y | 6.6% | +0.3 pts | 6.3% | 6.5% |
| 3Y | 6.9% | +0.3 pts | 6.6% | 6.8% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.2% |
| 7Y | 5.8% | +0.2 pts | 5.6% | 5.7% |
Since launch (6 Jul 2018): 6.2%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.9% | −0.3 pts | 7.2% |
| 2024 | 7.4% | −0.2 pts | 7.6% |
| 2023 | 7.0% | −0.2 pts | 7.2% |
| 2022 | 4.4% | −0.4 pts | 4.8% |
| 2021 | 3.3% | −0.8 pts | 4.1% |
| 2020 | 5.6% | −0.1 pts | 5.8% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.48%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.39%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.07%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Ultra Short Duration Debt Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 2.55 | — | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.52 | — | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.43 | — | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Bandhan Ultra Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt94.6%
- Other5.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 7.88% | ₹323 Cr | +3.51% | +10.62% | +3.90% |
| National Bank For Agriculture & Rural Development | Financial | 6.77% | ₹277 Cr | +1.22% | +10.48% | +1.04% |
| HDFC Bank Ltd. | Financial | 6.57% | ₹269 Cr | +2.38% | +1.37% | +2.54% |
| Tata Capital Housing Finance Ltd. | Financial | 5.99% | ₹245 Cr | +9.56% | +4.28% | +2.62% |
| Reserve Bank of India | Financial | 4.88% | ₹200 Cr | +4.25% | — | +1.26% |
| Export-Import Bank Of India | Financial | 4.76% | ₹195 Cr | +0.60% | — | — |
| Others | Others | 4.53% | ₹185 Cr | +1.32% | +1.48% | +1.32% |
| Bajaj Housing Finance Ltd. | Financial | 3.89% | ₹160 Cr | +3.69% | +4.23% | +1.95% |
| ICICI Securities Ltd. | Financial | 3.60% | ₹148 Cr | +1.80% | — | +2.53% |
| Bajaj Finance Ltd. | Financial | 3.02% | ₹124 Cr | — | — | +1.04% |
| Tata Capital Ltd.(Partly Paid Equity) | Financial | 2.20% | ₹90.15 Cr | — | — | — |
| Bank Of Baroda | Financial | 1.79% | ₹73.44 Cr | +1.76% | +0.68% | +2.54% |
| REC Ltd. | Financial | 1.21% | ₹49.62 Cr | +22.24% | +2.84% | +5.82% |
| Axis Bank Ltd. | Financial | 1.20% | ₹49.05 Cr | +3.56% | +1.35% | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.20% | ₹49.30 Cr | +1.18% | — | — |
| Bajaj Auto Ltd. | Automobile | 1.19% | ₹48.59 Cr | — | — | — |
| Punjab National Bank | Financial | 1.19% | ₹48.81 Cr | +2.23% | — | — |
| LIC Housing Finance Ltd. | Financial | 0.78% | ₹32.00 Cr | +2.44% | — | +0.26% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.61% | ₹24.95 Cr | +1.46% | +2.11% | +0.66% |
| Canara Bank | Financial | 0.60% | ₹24.46 Cr | +1.76% | — | — |
| Indian Bank | Financial | 0.60% | ₹24.70 Cr | +1.79% | +4.05% | — |
| Tata Capital Ltd. | Financial | 0.59% | ₹24.23 Cr | +1.23% | — | +0.13% |
| Muthoot Finance Ltd. | Financial | 0.49% | ₹20.04 Cr | +0.61% | +0.71% | +1.43% |
| Uttar Pradesh State | Others | 0.49% | ₹20.04 Cr | +0.49% | +0.57% | +1.31% |
| Power Finance Corporation Ltd. | Financial | 0.37% | ₹15.00 Cr | — | +6.52% | +2.61% |
| Indian Railway Finance Corporation Ltd. | Financial | 0.17% | ₹7.01 Cr | +0.61% | +0.71% | +0.13% |
| Aditya Birla Capital Ltd. | Financial | 0.12% | ₹4.87 Cr | — | — | — |
| Bihar State | Others | 0.12% | ₹5.02 Cr | +0.12% | +0.14% | — |
| Haryana State | Others | 0.12% | ₹5.01 Cr | +0.12% | +0.14% | +0.13% |
| Maharashtra State | Others | 0.12% | ₹5.02 Cr | +0.12% | +0.14% | +0.13% |
| Tamilnadu State | Others | 0.12% | ₹5.09 Cr | +0.13% | +0.15% | +0.26% |
| Karnataka State | Others | 0.06% | ₹2.53 Cr | +0.12% | +1.01% | +0.13% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Reserve Bank of India | 2.39% | 4.88% | +2.49% |
| HDFC Bank Ltd. | 4.66% | 6.57% | +1.91% |
| Export-Import Bank Of India | 0.00% | 1.18% | +1.18% |
| company:4739 | 1.17% | 0.00% | -1.17% |
| Canara Bank | 1.75% | 0.60% | -1.15% |
| Cholamandalam Investment and Finance Company Ltd. | 1.31% | 0.61% | -0.70% |
| Tata Capital Ltd.(Partly Paid Equity) | 1.56% | 2.20% | +0.64% |
| Axis Bank Ltd. | 0.59% | 1.20% | +0.61% |
| Punjab National Bank | 0.58% | 1.19% | +0.61% |
| Bajaj Housing Finance Ltd. | 1.19% | 0.60% | -0.59% |
| REC Ltd. | 0.00% | 0.59% | +0.59% |
| Small Industries Devp. Bank of India Ltd. | 1.16% | 0.60% | -0.56% |
| Tata Capital Ltd. | 1.15% | 0.59% | -0.56% |
| LIC Housing Finance Ltd. | 0.60% | 0.17% | -0.43% |
| Power Finance Corporation Ltd. | 0.00% | 0.37% | +0.37% |
| Indian Bank | 0.34% | 0.60% | +0.26% |
| National Bank For Agriculture & Rural Development | 1.16% | 1.39% | +0.23% |
| Aditya Birla Capital Ltd. | 0.00% | 0.12% | +0.12% |
| ICICI Securities Ltd. | 3.51% | 3.60% | +0.09% |
| Tata Capital Housing Finance Ltd. | 4.68% | 4.77% | +0.09% |
| Karnataka State | 0.12% | 0.06% | -0.06% |
| Bank Of Baroda | 1.75% | 1.79% | +0.04% |
| Bajaj Auto Ltd. | 1.16% | 1.19% | +0.03% |
| Mahindra & Mahindra Financial Services Ltd. | 1.17% | 1.20% | +0.03% |
| Bajaj Finance Ltd. | 0.57% | 0.58% | +0.01% |
| Muthoot Finance Ltd. | 0.48% | 0.49% | +0.01% |
| Others | 0.32% | 0.33% | +0.01% |
| Uttar Pradesh State | 0.48% | 0.49% | +0.01% |
| Bihar State | 0.12% | 0.12% | 0.00% |
| Haryana State | 0.12% | 0.12% | 0.00% |
| Indian Railway Finance Corporation Ltd. | 0.17% | 0.17% | 0.00% |
| Maharashtra State | 0.12% | 0.12% | 0.00% |
| Tamilnadu State | 0.12% | 0.12% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹1,099 Cr | 0.29% | 6.6% | — | — |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund | ₹2,407 Cr | 0.37% | 6.7% | — | — |
 HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹1,986 Cr | 0.25% | 6.8% | — | — |
 ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹575 Cr | 0.18% | 6.7% | — | — |
 Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹359 Cr | 0.36% | 6.4% | — | — |
 Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹170 Cr | 0.27% | 6.6% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 3 to 6 months.
Fund managers
- Harshal JoshiMr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, MumbaiPrior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
- Viraj KulkarniMr. Kulkarni is a B.Tech. (Electronics), CFA and also holds a PGDM (Finance).Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he was associated with Franklin Templeton Asset Management (India) Pvt. Ltd. (May 2014-Sept. 2015) and Goldman Sachs Services India (June 2010-May 2012).
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.18% absolute | ₹60,000 | ₹61,908 | 3.18% | |
| 1 year6.17% annualised | ₹1,20,000 | ₹1,24,087 | 3.41% | |
| 3 years6.89% annualised | ₹3,60,000 | ₹4,00,931 | 11.37% | |
| 5 years6.32% annualised | ₹6,00,000 | ₹7,07,173 | 17.86% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.