Bandhan Ultra Short to Short Term Fund
- NAV as on 25 Sep 2026
- ₹41.42-0.03%1 day
- Return since launch
- 7.1%
- 52-week range
- ₹39.17 — ₹41.45
- AUM
- ₹6,404 Cr
Bandhan Ultra Short to Short Term Fund is a Low Duration debt fund from Bandhan Mutual Fund with ₹6,404 Cr under management, launched in 2006. Over three years it has returned 6.5% a year, against 6.8% for its category. The expense ratio is 0.69% and the SEBI riskometer reading is Low to Moderate.
Performance
Bandhan Ultra Short to Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.7% against +5.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.9% | +0.2 pts | 5.7% | 6.0% |
| 2Y | 6.2% | 0.0 pts | 6.2% | 6.2% |
| 3Y | 6.5% | −0.3 pts | 6.8% | 6.5% |
| 5Y | 6.6% | +0.5 pts | 6.1% | 6.6% |
| 7Y | 6.2% | −0.1 pts | 6.3% | 6.2% |
| 10Y | 6.3% | 0.0 pts | 6.3% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 0.0 pts | 0.4% | 0.4% |
| 3M | 1.2% | 0.0 pts | 1.3% | 1.3% |
| 6M | 3.2% | 0.0 pts | 3.2% | 3.2% |
| 1Y | 5.7% | +0.1 pts | 5.7% | 5.7% |
| 2Y | 6.6% | +0.1 pts | 6.6% | 6.6% |
| 3Y | 6.8% | 0.0 pts | 6.8% | 6.8% |
| 5Y | 6.1% | 0.0 pts | 6.1% | 6.1% |
| 7Y | 6.0% | −0.2 pts | 6.2% | 5.9% |
| 10Y | 6.5% | +0.2 pts | 6.3% | 6.2% |
Since launch (12 Jan 2006): 7.1%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.2% | −0.6 pts | 7.8% |
| 2024 | 7.3% | −0.6 pts | 7.8% |
| 2023 | 6.9% | −0.4 pts | 7.4% |
| 2022 | 4.0% | −0.6 pts | 4.6% |
| 2021 | 3.5% | −1.1 pts | 4.6% |
| 2020 | 6.9% | −1.8 pts | 8.7% |
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
0.68%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.55%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.10%
- Exit load
- Exit load of 0.25% applicable if redeemed/switched out within 15 days from the date of allotment.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Low 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 | 1.52 | 1.93 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.25 | 2.92 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.62 | 0.64 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Bandhan Ultra Short to Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt91.5%
- Other8.5%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 8.82% | ₹565 Cr | +1.75% | +1.71% | +1.50% |
| Power Finance Corporation Ltd. | Financial | 5.84% | ₹374 Cr | +6.16% | +2.54% | +4.58% |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.16% | ₹330 Cr | +12.40% | +25.29% | +4.56% |
| Tata Capital Housing Finance Ltd. | Financial | 5.11% | ₹327 Cr | +0.86% | +2.53% | +0.62% |
| Bajaj Housing Finance Ltd. | Financial | 4.59% | ₹294 Cr | +1.72% | +0.84% | +1.52% |
| Canara Bank | Financial | 4.56% | ₹292 Cr | +3.68% | — | — |
| National Bank For Agriculture & Rural Development | Financial | 4.27% | ₹273 Cr | +7.20% | +3.83% | +12.57% |
| Reserve Bank of India | Financial | 3.88% | ₹249 Cr | +1.28% | +3.35% | — |
| Axis Bank Ltd. | Financial | 3.05% | ₹195 Cr | +3.32% | +4.00% | +0.74% |
| HDFC Bank Ltd. | Financial | 2.42% | ₹155 Cr | +0.81% | +0.80% | +5.22% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.92% | ₹123 Cr | — | — | — |
| LIC Housing Finance Ltd. | Financial | 1.56% | ₹100 Cr | +0.18% | — | +0.76% |
| Punjab National Bank | Financial | 1.52% | ₹97.32 Cr | +1.64% | — | +0.07% |
| company:4739 | Financial | 1.48% | ₹94.54 Cr | — | — | +0.30% |
| company:6306 | Financial | 0.94% | ₹59.98 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 0.78% | ₹50.10 Cr | +0.86% | +0.85% | +0.76% |
| Bank Of Baroda | Financial | 0.76% | ₹48.67 Cr | +1.15% | +0.80% | +0.37% |
| company:9822 | Automobile | 0.75% | ₹48.30 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 0.74% | ₹47.57 Cr | — | +0.42% | +1.08% |
| REC Ltd. | Financial | 0.48% | ₹30.31 Cr | — | +5.11% | +3.02% |
| Maharashtra State | Others | 0.30% | ₹19.10 Cr | +0.09% | +0.08% | +0.79% |
| Rajasthan State | Others | 0.24% | ₹15.45 Cr | +0.27% | +0.27% | +0.56% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.23% | ₹14.99 Cr | +0.86% | +0.26% | +2.00% |
| Haryana State | Others | 0.16% | ₹10.07 Cr | +0.17% | +0.17% | +0.46% |
| Indian Bank | Financial | 0.15% | ₹9.45 Cr | +1.67% | +2.42% | +1.48% |
| GOI | Sovereign | 0.11% | ₹7.09 Cr | +0.12% | +0.12% | +0.11% |
| Tamilnadu State | Others | 0.06% | ₹4.13 Cr | +0.08% | +0.08% | +0.08% |
| Karnataka State | Others | 0.03% | ₹2.06 Cr | +0.04% | +0.04% | +0.24% |
| Gujarat State | Construction | 0.02% | ₹1.55 Cr | +0.03% | +0.03% | +0.02% |
| Madhya Pradesh State | Others | 0.02% | ₹1.01 Cr | +0.02% | +0.02% | +0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | 3.89% | 0.39% | -3.50% |
| Canara Bank | 2.20% | 4.56% | +2.36% |
| company:4739 | 0.00% | 1.48% | +1.48% |
| Reserve Bank of India | 2.42% | 3.88% | +1.46% |
| Power Finance Corporation Ltd. | 7.23% | 5.84% | -1.39% |
| Indian Bank | 1.43% | 0.15% | -1.28% |
| Aditya Birla Capital Ltd. | 1.09% | 0.00% | -1.09% |
| National Bank For Agriculture & Rural Development | 0.08% | 1.17% | +1.09% |
| Tata Capital Housing Finance Ltd. | 3.27% | 4.30% | +1.03% |
| company:6306 | 0.00% | 0.94% | +0.94% |
| HDFC Bank Ltd. | 3.31% | 2.42% | -0.89% |
| Cholamandalam Investment and Finance Company Ltd. | 1.10% | 0.23% | -0.87% |
| Axis Bank Ltd. | 2.21% | 3.05% | +0.84% |
| Tata Capital Ltd.(Partly Paid Equity) | 0.76% | 0.00% | -0.76% |
| company:9822 | 0.00% | 0.75% | +0.75% |
| LIC Housing Finance Ltd. | 0.38% | 0.78% | +0.40% |
| Bajaj Housing Finance Ltd. | 3.82% | 3.89% | +0.07% |
| Mahindra & Mahindra Financial Services Ltd. | 1.85% | 1.92% | +0.07% |
| Punjab National Bank | 1.47% | 1.52% | +0.05% |
| Bank Of Baroda | 0.73% | 0.76% | +0.03% |
| Bajaj Finance Ltd. | 0.72% | 0.74% | +0.02% |
| Muthoot Finance Ltd. | 0.76% | 0.78% | +0.02% |
| Haryana State | 0.15% | 0.16% | +0.01% |
| Maharashtra State | 0.29% | 0.30% | +0.01% |
| Others | 0.31% | 0.32% | +0.01% |
| Tamilnadu State | 0.07% | 0.06% | -0.01% |
| REC Ltd. | 0.23% | 0.24% | +0.01% |
| GOI | 0.11% | 0.11% | 0.00% |
| Gujarat State | 0.02% | 0.02% | 0.00% |
| Karnataka State | 0.03% | 0.03% | 0.00% |
| Madhya Pradesh State | 0.02% | 0.02% | 0.00% |
| Rajasthan State | 0.24% | 0.24% | 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 | ₹5,593 Cr | 0.45% | 6.2% | 6.8% | 6.9% |
 ICICI Prudential Ultra Short to Short Term Fund | ₹21,047 Cr | 0.53% | 6.2% | 7.0% | 7.1% |
 Tata Ultra Short to Short Term Fund | ₹2,871 Cr | 0.57% | 6.2% | 6.7% | 6.7% |
 UTI Ultra Short to Short Term Fund | ₹2,680 Cr | 0.48% | 6.2% | 6.9% | 6.9% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,228 Cr | 0.36% | 6.3% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹138 Cr | 0.29% | 6.2% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to offer an investment avenue for short term savings by looking to generate returns commensurate 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 6 months and 12 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.
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 months3.23% absolute | ₹60,000 | ₹61,938 | 3.23% | |
| 1 year5.73% annualised | ₹1,20,000 | ₹1,23,790 | 3.16% | |
| 3 years6.82% annualised | ₹3,60,000 | ₹4,00,487 | 11.25% | |
| 5 years6.09% annualised | ₹6,00,000 | ₹7,02,865 | 17.14% |
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.