Bandhan Ultra Short Term Fund Direct-Growth

Q: What are the returns of Bandhan Ultra Short Term Fund?

The Bandhan Ultra Short Term Fund is a 6 yrs 9 m old fund and has delivered average annual returns of 6.39% since inception. Bandhan Ultra Short Term Fund Returns 1-Year 3-Year 5-Year Since Inception 7.72% 6.94% 5.8% 6.39%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹15.2132+0.03% 1 day change	6.39% p.a.	#NA View Ranked Funds	2

Historical NAV & returns

NAV: ₹15.2132 as on Apr 23, 2025

This fund Category average

Bandhan Ultra Short Term Fund overview

VRO rating	2
Expense ratio	0.27% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹3,556 Crs
Lock-in	No Lockin
Age	6 yrs 9 m since Jul 06, 2018
Benchmark	NIFTY Ultra Short Duration Debt Index A-I
Min. investment	SIP ₹500 & Lump. ₹1000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Bandhan Ultra Short Term Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 24, 2025

Period	This fund	Category average
1 month	0.89%	0.91%
3 months	2.14%	2.16%
6 months	3.9%	3.96%
1 year	7.72%	7.8%
3 years	6.94%	7.01%
5 years	5.8%	6.02%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 44.37%

AAA 38.26%

SOV 11.15%

Cash & Call Money 4.22%

Top Debt Holdings

Axis Bank Ltd. 11.66%

HDFC Bank Ltd. 11.43%

Reserve Bank of India 7.76%

Small Industries Devp. Bank of India Ltd. 7.01%

Allocation by Instruments

Certificate of Deposit 36.099999999999994%

Debenture 31.22%

Commercial Paper 8.27%

Non Convertible Debenture 7.89%

Other Holdings

Others 2.94%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Bandhan Ultra Short Term Fund	N.A.	₹3,556 Crs	6 yrs 9 m	0.27%
ICICI Prudential Ultra Short Term Fund	N.A.	₹12,674 Crs	12 yrs 3 m	0.39%
Axis Ultra Short Duration Fund	N.A.	₹4,801 Crs	6 yrs 7 m	0.36%
Sundaram Ultra Short Duration Fund	N.A.	₹1,723 Crs	12 yrs 3 m	0.24%
WhiteOak Capital Ultra Short Duration Fund	N.A.	₹395 Crs	5 yrs 11 m	0.43%
Tata Ultra Short Term Fund	N.A.	₹3,938 Crs	6 yrs 3 m	0.26%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Bandhan Ultra Short Term Fund	0.89%	3.9%	7.72%	6.94%	5.8%	N.A.
ICICI Prudential Ultra Short Term Fund	0.95%	4.04%	7.93%	7.23%	6.53%	7.76%
Axis Ultra Short Duration Fund	0.95%	4.05%	8.01%	7.25%	6.25%	4.42%
Sundaram Ultra Short Duration Fund	0.93%	4.01%	7.89%	7.16%	5.97%	6.25%
WhiteOak Capital Ultra Short Duration Fund	0.87%	3.85%	7.59%	6.83%	5.74%	3.36%
Tata Ultra Short Term Fund	0.94%	4.09%	8.01%	7.19%	6.06%	3.93%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Bandhan Ultra Short Term Fund	0.47	1.04	0.93	0.81
ICICI Prudential Ultra Short Term Fund	0.42	0.9	1.7	1.76
Axis Ultra Short Duration Fund	0.44	0.97	1.67	1.57
Sundaram Ultra Short Duration Fund	0.4	0.87	1.63	1.64
WhiteOak Capital Ultra Short Duration Fund	0.4	0.88	0.91	0.86
Tata Ultra Short Term Fund	0.44	0.96	1.55	1.47

View all Ultra Short Duration funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.6 vs. 3.16 Underperformed at beating benchmark
Sharpe	0.93 vs. 3.27 Poor risk-adjusted returns
Beta	1.04 vs. 0.97 More sensitive to market's ups & downs
Standard deviation	0.47 vs. 0.42 More volatile performance

Compare Bandhan Ultra Short Term Fund in detail with

About this fund

About Bandhan Ultra Short Term Fund

Bandhan Ultra Short Term Fund Direct-Growth is a Ultra Short Duration mutual fund scheme from Bandhan Mutual Fund. This fund has been in existence for 6 yrs 9 m, having been launched on 06/07/2018. Bandhan Ultra Short Term Fund Direct-Growth has ₹3,556 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Bandhan Ultra Short Term Fund Direct-Growth as of 23/04/2025 is ₹15.21. The fund has an expense ratio of 0.27%, which is close to what most other Ultra Short Duration funds charge.

Bandhan Ultra Short Term Fund Direct-Growth returns of last 1-year are 7.72%. Since launch, it has delivered 6.39% average annual returns.
Bandhan Ultra Short Term Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Axis Bank Ltd., HDFC Bank Ltd., Reserve Bank of India, Small Industries Devp. Bank of India Ltd., Bajaj Housing Finance Ltd..

...

Fund AUM	₹3,556 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Harshal Joshi

Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.

Viraj Kulkarni

Mr. 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).

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.

Bandhan Mutual Fund details

No. of schemes	66 view all schemes
Total AUM	₹1,67,339 Crs as on Mar 31, 2025
Address	One World Centre, 6th Floor, Tower 1C, Senapati Bapat Marg, Prabhadevi Mumbai, 400013

More funds from Bandhan Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Bandhan GSF Investment Fund	N.A.	₹3,542 Crs	13.5%	8.62%
Bandhan Government Securities Fund Constant Maturity Plan	N.A.	₹342 Crs	13.16%	8.57%
Bandhan Dynamic Bond Fund	N.A.	₹2,962 Crs	13.24%	8.4%
Bandhan CRISIL IBX 90:10 SDL Plus Gilt- April 2032 Index Fund	N.A.	₹574 Crs	12.03%	N.A.
Bandhan Floating Rate Fund	N.A.	₹257 Crs	10.2%	7.55%
Bandhan CRISIL IBX Gilt April 2028 Index Fund	N.A.	₹4,697 Crs	9.75%	7.45%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Bandhan Ultra Short Term Fund?

The current Net Asset Value (NAV) of the Bandhan Ultra Short Term Fund - Direct Growth plan is approximately ₹15.2132 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Bandhan Ultra Short Term Fund is a 6 yrs 9 m old fund and has delivered average annual returns of 6.39% since inception.

Bandhan Ultra Short Term Fund Returns

1-Year	3-Year	5-Year	Since Inception
7.72%	6.94%	5.8%	6.39%

How much does this mutual fund charge as expense ratio?

The Bandhan Ultra Short Term Fund - Direct Growth has an expense ratio of 0.27%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Bandhan Ultra Short Term Fund currently has assets under management (AUM) or fund size valued at approximately ₹3,556 Crs crore as of Mar 31, 2025.

To whom does Bandhan Ultra Short Term Fund lend to?

The top 3 debt holdings of Bandhan Ultra Short Term Fund are as follows

Holding Name	Percentage of Portfolio
Axis Bank Ltd.	11.66%
HDFC Bank Ltd.	11.43%
Reserve Bank of India	7.76%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Bandhan Ultra Short Term Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	44.37%
AAA	38.26%
SOV	11.15%

What is risk level of Bandhan Ultra Short Term Fund?

This is a Ultra Short Duration fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Bandhan Ultra Short Term Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Bandhan Ultra Short Term Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Bandhan Ultra Short Term Fund is complete.

How can I redeem my investments in Bandhan Ultra Short Term Fund?

Redeeming your investments in Bandhan Ultra Short Term Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Bandhan Ultra Short Term Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Ultra Short Duration

#NA

Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.