Bandhan Ultra Short Term Fund
- NAV as on 25 Sep 2026
- ₹16.42-0.01%1 day
- Return since launch
- 6.2%
- 52-week range
- ₹15.45 — ₹16.42
- AUM
- ₹4,180 Cr
Bandhan Ultra Short Term Fund is a Ultra Short Duration debt fund from Bandhan Mutual Fund with ₹4,180 Cr under management, launched in 2018. Over three years it has returned 6.8% a year, against 6.7% 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 +6.3% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.5% | +0.4 pts | 6.1% | 6.5% |
| 2Y | 6.6% | +0.3 pts | 6.3% | 6.5% |
| 3Y | 6.8% | +0.1 pts | 6.7% | 6.7% |
| 5Y | 6.7% | +0.7 pts | 6.0% | 6.6% |
| 7Y | 6.3% | +0.3 pts | 6.0% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.5% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.5% | +0.1 pts | 3.4% | 3.4% |
| 1Y | 6.3% | +0.2 pts | 6.1% | 6.2% |
| 2Y | 6.8% | +0.3 pts | 6.5% | 6.7% |
| 3Y | 6.9% | +0.3 pts | 6.7% | 6.8% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.1% |
| 7Y | 5.9% | −0.1 pts | 6.0% | 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
0.49%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.39%
- Brokerage
- 0.03%
- 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 | 2.71 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.55 | 3.79 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.41 | 0.42 | 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 31 Aug 2026
Asset allocation
- Debt88.6%
- Other11.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 11.74% | ₹491 Cr | +1.50% | +1.75% | +1.50% |
| Small Industries Devp. Bank of India Ltd. | Financial | 6.53% | ₹273 Cr | +5.30% | +16.75% | +5.95% |
| Tata Capital Housing Finance Ltd. | Financial | 5.88% | ₹246 Cr | +6.74% | +4.06% | +2.40% |
| HDFC Bank Ltd. | Financial | 4.66% | ₹195 Cr | +2.13% | +1.29% | +1.15% |
| company:9813 | Financial | 3.51% | ₹147 Cr | — | +2.01% | +2.31% |
| National Bank For Agriculture & Rural Development | Financial | 2.47% | ₹103 Cr | +9.44% | +1.88% | +2.40% |
| Reserve Bank of India | Financial | 2.39% | ₹99.87 Cr | +3.91% | +1.34% | — |
| Bajaj Housing Finance Ltd. | Financial | 1.91% | ₹79.97 Cr | +1.12% | +1.34% | +1.20% |
| Bank Of Baroda | Financial | 1.75% | ₹73.03 Cr | +0.54% | +0.64% | +0.58% |
| Canara Bank | Financial | 1.75% | ₹72.98 Cr | +1.07% | — | — |
| Tata Capital Ltd.(Partly Paid Equity) | Financial | 1.56% | ₹65.21 Cr | +2.82% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.31% | ₹54.71 Cr | +1.34% | +2.00% | +0.60% |
| Kotak Mahindra Prime Ltd. | Financial | 1.17% | ₹49.11 Cr | +0.54% | — | +0.59% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.17% | ₹49.01 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 1.16% | ₹48.23 Cr | — | — | +0.48% |
| company:9822 | Automobile | 1.16% | ₹48.30 Cr | — | — | — |
| Tata Capital Ltd. | Financial | 1.15% | ₹48.23 Cr | — | — | — |
| LIC Housing Finance Ltd. | Financial | 0.60% | ₹25.05 Cr | — | — | +0.83% |
| Axis Bank Ltd. | Financial | 0.59% | ₹24.48 Cr | +1.08% | +0.64% | +1.18% |
| Punjab National Bank | Financial | 0.58% | ₹24.27 Cr | +1.07% | — | — |
| Muthoot Finance Ltd. | Financial | 0.48% | ₹20.03 Cr | +0.56% | +0.68% | +1.31% |
| Uttar Pradesh State | Others | 0.48% | ₹20.06 Cr | +0.45% | +0.54% | +1.20% |
| Indian Bank | Financial | 0.34% | ₹14.18 Cr | +1.09% | +3.81% | — |
| company:4671 | Financial | 0.17% | ₹7.02 Cr | — | — | +0.12% |
| Bihar State | Others | 0.12% | ₹5.02 Cr | +0.11% | +0.14% | — |
| Haryana State | Others | 0.12% | ₹5.01 Cr | +0.11% | +0.13% | +0.12% |
| Karnataka State | Others | 0.12% | ₹5.03 Cr | +0.11% | +0.96% | +0.12% |
| Maharashtra State | Others | 0.12% | ₹5.03 Cr | +0.11% | +0.14% | +0.12% |
| Tamilnadu State | Others | 0.12% | ₹5.11 Cr | +0.11% | +0.14% | +0.24% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Reserve Bank of India | 5.94% | 2.39% | -3.55% |
| company:9813 | 0.00% | 3.51% | +3.51% |
| REC Ltd. | 2.38% | 0.00% | -2.38% |
| HDFC Bank Ltd. | 2.33% | 4.66% | +2.33% |
| Aditya Birla Capital Ltd. | 1.71% | 0.00% | -1.71% |
| Bank Of Baroda | 0.58% | 1.75% | +1.17% |
| company:9822 | 0.00% | 1.16% | +1.16% |
| Indian Bank | 1.16% | 0.34% | -0.82% |
| Tata Capital Ltd.(Partly Paid Equity) | 2.38% | 1.56% | -0.82% |
| Bajaj Housing Finance Ltd. | 1.90% | 1.19% | -0.71% |
| Small Industries Devp. Bank of India Ltd. | 1.78% | 1.16% | -0.62% |
| Power Finance Corporation Ltd. | 0.60% | 0.00% | -0.60% |
| Kotak Mahindra Prime Ltd. | 1.74% | 1.17% | -0.57% |
| National Bank For Agriculture & Rural Development | 0.60% | 1.16% | +0.56% |
| Punjab National Bank | 1.03% | 0.58% | -0.45% |
| company:4671 | 0.00% | 0.17% | +0.17% |
| Muthoot Finance Ltd. | 0.60% | 0.48% | -0.12% |
| Canara Bank | 1.72% | 1.75% | +0.03% |
| Tata Capital Housing Finance Ltd. | 4.65% | 4.68% | +0.03% |
| Axis Bank Ltd. | 0.58% | 0.59% | +0.01% |
| Cholamandalam Investment and Finance Company Ltd. | 1.30% | 1.31% | +0.01% |
| LIC Housing Finance Ltd. | 0.59% | 0.60% | +0.01% |
| Mahindra & Mahindra Financial Services Ltd. | 1.16% | 1.17% | +0.01% |
| Tata Capital Ltd. | 1.14% | 1.15% | +0.01% |
| Bajaj Finance Ltd. | 0.56% | 0.57% | +0.01% |
| Bihar State | 0.12% | 0.12% | 0.00% |
| Haryana State | 0.12% | 0.12% | 0.00% |
| Karnataka State | 0.12% | 0.12% | 0.00% |
| Maharashtra State | 0.12% | 0.12% | 0.00% |
| Others | 0.32% | 0.32% | 0.00% |
| Tamilnadu State | 0.12% | 0.12% | 0.00% |
| Uttar Pradesh State | 0.48% | 0.48% | 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 | ₹1,179 Cr | 0.32% | 7.0% | 6.9% | 6.9% |
 HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹2,264 Cr | 0.25% | 7.2% | — | — |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund | ₹2,164 Cr | 0.37% | 7.0% | — | — |
 Baroda BNP Paribas Ultra Short Term Fund | ₹666 Cr | 0.43% | 6.8% | 6.9% | 6.9% |
 ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹533 Cr | 0.22% | 7.1% | — | — |
 Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹270 Cr | 0.35% | 6.8% | — | — |
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 months3.47% absolute | ₹60,000 | ₹62,082 | 3.47% | |
| 1 year6.28% annualised | ₹1,20,000 | ₹1,24,161 | 3.47% | |
| 3 years6.94% annualised | ₹3,60,000 | ₹4,01,249 | 11.46% | |
| 5 years6.26% annualised | ₹6,00,000 | ₹7,06,046 | 17.67% |
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.