GMP IPO Watch
Debt Scheme - Ultra Short Duration Fund
BANDHAN ULTRA SHORT TERM FUND
Direct Plan · Growth · Bandhan Mutual Fund
Risk: Low to Moderate Risk
★★★★★
Morningstar
52W Low ₹15.75 4 Nov 2025
52W High ₹16.75 4 Nov 2026
₹16.7466
NAV as of 4 Nov 2026
+0.03% day change
Other Plans of This Fund
ISININF194KA16R3
Scheme Code144173
StructureOpen Ended Schemes
Fund HouseBandhan AMC Limited
AUM (avg. July - September 2026)₹3,280.36 Cr
Expense Ratio (as of 3 Nov 2026)0.29%
Min. InvestmentSubscription: Rs.100/- and any amount thereafter
Inception Date6 Jul 2018
BenchmarkNIFTY Ultra Short Duration Debt Index A-I
Portfolio Turnover422.98%
NFO Period06-Jul-2018 – 17-Jul-2018
Returns
1Y
+6.33%
3Y
+7.08%
5Y
+6.51%
7Y
+6.01%
Since Inception
+6.41%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.15% | +0.13% | 14 of 27 |
| 1M | +0.41% | +0.27% | 5 of 27 |
| 3M | +1.42% | +0.94% | 7 of 26 |
| 6M | +3.23% | +2.24% | 8 of 26 |
| YTD | +5.35% | +3.56% | 6 of 27 |
| 1Y | +6.33% | +4.24% | 6 of 26 |
| 2Y | +6.83% | +4.73% | 7 of 25 |
| 3Y | +7.08% | +4.79% | 6 of 24 |
| 5Y | +6.51% | +4.44% | 6 of 23 |
| 7Y | +6.01% | +3.92% | 6 of 19 |
| INCEPTION | +6.41% | — | — |
Ranked among: Debt Scheme - Ultra Short Duration Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +1.58% | +3.39% | +0.41% | 100% | 41% |
| 6M | +3.15% | +4.63% | +1.53% | 100% | 41% |
| 1Y | +6.29% | +8.95% | +3.28% | 100% | 42% |
| 2Y | +6.12% | +8.07% | +3.56% | 100% | 42% |
| 3Y | +5.97% | +7.42% | +4.54% | 100% | 42% |
| 5Y | +5.93% | +6.52% | +5.68% | 100% | 42% |
| 7Y | +6.22% | +6.44% | +6.01% | 100% | 42% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity0.00%
- Debt95.80%
- Cash4.20%
- Other0.00%
Market Cap Split
- Large Cap0.00%
- Mid Cap0.00%
- Small Cap0.00%
- Others100.00%
Holdings69
Top 5 Stocks0.00%
Top 10 Stocks0.00%
Top 3 Sectors0.00%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| HDFC Bank Limited ** | Money Market | 6.57% | +1.91% |
| Canara Bank | Money Market | 5.97% | +3.64% |
| Triparty Repo TRP_011026 | Reverse Repo / TREPS | 5.51% | — |
| National Bank For Agriculture and Rural Development ** | Money Market | 5.38% | +0.14% |
| 7.79% Small Industries Dev Bank of India | Debt | 4.89% | +2.49% |
| 91 Days Tbill (MD 01/10/2026) | Money Market | 4.88% | — |
| 8.1% Tata Capital Housing Finance Limited ** | Debt | 4.77% | +0.09% |
| National Bank For Agriculture and Rural Development ** | Money Market | 4.19% | +3.61% |
| ICICI Securities Limited ** | Debt | 3.60% | +0.09% |
| Export Import Bank of India ** | Money Market | 3.58% | — |
| Small Industries Dev Bank of India ** | Money Market | 2.39% | — |
| 8.3% Tata Capital Limited | Debt | 2.20% | +0.64% |
| 7.66% Bajaj Housing Finance Limited ** | Debt | 1.94% | +0.03% |
| 8.04% Bajaj Housing Finance Limited ** | Debt | 1.83% | — |
| Mahindra & Mahindra Financial Services Limited ** | Money Market | 1.81% | +0.05% |
View all 72 holdings
| Axis Bank Limited ** | Money Market | 1.80% | +0.05% |
| Bank of Baroda | Money Market | 1.79% | +0.04% |
| BFL-3-6-27-CP | Money Market | 1.74% | +1.17% |
| Punjab National Bank ** | Money Market | 1.55% | +0.39% |
| 7.7% Bajaj Housing Finance Limited | Debt | 1.46% | — |
| HDFC Bank Limited | Money Market | 1.44% | — |
| 7.83% National Bank For Agriculture and Rural Development ** | Debt | 1.39% | — |
| 8.0409% Tata Capital Housing Finance Limited ** | Debt | 1.22% | +0.02% |
| 8.1167% Bajaj Finance Limited | Debt | 1.22% | — |
| 6.37% REC Limited ** | Debt | 1.21% | — |
| Bank of Baroda | Money Market | 1.20% | +0.03% |
| Axis Bank Limited ** | Money Market | 1.20% | — |
| Small Industries Dev Bank of India ** | Money Market | 1.20% | +0.03% |
| Mahindra & Mahindra Financial Services Limited ** | Money Market | 1.20% | +0.03% |
| Bank of Baroda ** | Money Market | 1.19% | — |
| Punjab National Bank ** | Money Market | 1.19% | +0.14% |
| Punjab National Bank | Money Market | 1.19% | +0.61% |
| HDFC Bank Limited ** | Money Market | 1.19% | — |
| Bajaj Auto Credit Limited ** | Money Market | 1.19% | +0.03% |
| National Bank For Agriculture and Rural Development ** | Money Market | 1.18% | +0.03% |
| Export Import Bank of India | Money Market | 1.18% | — |
| 91TB171226 | Money Market | 0.84% | — |
| 8.37% REC Limited ** | Debt | 0.62% | — |
| 7.835% LIC Housing Finance Limited ** | Debt | 0.61% | — |
| 7.95% Bajaj Finance Limited ** | Debt | 0.61% | — |
| 8.2% Cholamandalam Investment and Finance Company Ltd ** | Debt | 0.61% | — |
| 7.7951% Bajaj Finance Limited | Debt | 0.61% | — |
| 8.05% Muthoot Finance Limited | Debt | 0.61% | +0.02% |
| 7.02% Bajaj Housing Finance Limited ** | Debt | 0.60% | — |
| 6.66% Small Industries Dev Bank of India ** | Debt | 0.60% | +0.01% |
| Indian Bank ** | Money Market | 0.60% | — |
| Canara Bank ** | Money Market | 0.60% | -1.15% |
| Canara Bank ** | Money Market | 0.60% | +0.02% |
| Bank of Baroda ** | Money Market | 0.60% | +0.02% |
| 182T171226 | Money Market | 0.60% | — |
| Tata Capital Limited ** | Money Market | 0.59% | — |
| REC Limited | Money Market | 0.59% | — |
| BFL-07-05-27-CP | Money Market | 0.58% | — |
| 6.87% Uttar Pradesh SDL (MD 30/11/2026) | Debt | 0.49% | +0.01% |
| 8.78% Muthoot Finance Limited ** | Debt | 0.49% | +0.01% |
| 7.18% Power Finance Corporation Limited ** | Debt | 0.37% | — |
| Corporate Debt Market Development Fund Class A2 | Debt | 0.33% | +0.01% |
| 8% Tata Capital Housing Finance Limited ** | Debt | 0.24% | -0.12% |
| 7.68% Indian Railway Finance Corporation Limited ** | Debt | 0.17% | +0.00% |
| 7.69% LIC Housing Finance Limited ** | Debt | 0.17% | — |
| 815TN2028 | Debt | 0.12% | +0.00% |
| 7.61% Tamil Nadu SDL (MD 15/02/2027) | Debt | 0.12% | +0.00% |
| 7.27% Karnataka SDL (MD 28/12/2026) | Debt | 0.12% | +0.00% |
| 7.25% Maharashtra SDL (MD 28/12/2026) | Debt | 0.12% | +0.00% |
| 7.2% Bihar SDL (MD 25/01/2027) | Debt | 0.12% | +0.00% |
| 6.86% Haryana SDL (MD 23/11/2026) | Debt | 0.12% | +0.00% |
| 7.38% Cholamandalam Investment and Finance Company Ltd ** | Debt | 0.12% | -1.19% |
| Bank of Baroda ** | Money Market | 0.12% | -0.47% |
| Aditya Birla Capital Limited ** | Money Market | 0.12% | — |
| 7.82% Karnataka SDL (MD 27/12/2027) | Debt | 0.06% | — |
| Cash Margin - CCIL | Net Current Assets | 0.02% | — |
| Net Current Assets | Net Current Assets | -1.33% | — |
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.44 | 0.63 | Low Volatility |
| 3Y | 0.37 | 0.55 | Low Volatility |
| 5Y | 0.37 | 0.53 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.89 | -14.14 | Above Average |
| 3Y | 3.00 | -8.30 | Above Average |
| 5Y | 1.43 | -6.32 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 45.87 | 27.57 | Above Average |
| 3Y | 87.29 | 53.32 | Above Average |
| 5Y | 55.96 | 39.63 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.20 | 1.23 | Good Risk Adjusted Returns |
| 3Y | 1.07 | 1.08 | Good Risk Adjusted Returns |
| 5Y | 1.14 | 1.07 | Poor Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Mirae Asset Ultra Short-Term Fund
Direct Plan · Growth
|
+6.55% | +7.35% | +6.75% | +6.20% |
|
Franklin India Ultra Short Term Fund
Direct Plan · Growth
|
+6.31% | — | — | +7.07% |
|
Baroda BNP Paribas Ultra Short Term Fund
Regular Plan · Growth Option
|
+6.24% | +6.95% | +6.51% | +6.30% |
|
HSBC Ultra Short Term Fund
Regular plan · Growth
|
+6.22% | +6.91% | +6.35% | +5.84% |
|
HDFC Ultra Short Term Fund
Direct Plan · Growth Option
|
+6.17% | +7.14% | +6.60% | +6.61% |
|
Aditya Birla Sun Life Ultra Short Term Fund
Regular Plan · GROWTH
|
+6.12% | +7.16% | +6.59% | +7.65% |
|
SBI ULTRA SHORT TERM FUND
Regular Plan · Growth
|
+6.10% | +6.88% | +6.31% | +7.12% |
|
Nippon India Ultra Short Term Fund
Regular Plan · Growth Option
|
+6.04% | +6.72% | +6.21% | +5.77% |
|
Invesco India Ultra Short Term Fund
Regular Plan · Growth
|
+6.01% | +6.81% | +6.13% | +6.99% |
|
Kotak Ultra Short Term Fund
Regular Plan · Growth
|
+5.80% | +6.65% | +6.15% | +7.28% |
More From Bandhan AMC Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
BANDHAN INNOVATION FUND
Direct Plan · Growth
|
+14.35% | — | — | +20.03% |
|
Bandhan BSE Healthcare Index Fund
Direct Plan · Growth
|
+14.13% | — | — | +8.12% |
|
Bandhan US Treasury Bond 0-1 year specific Debt Passive FOF
Direct Plan · IDCW
|
+10.64% | +8.91% | — | +8.51% |
|
Bandhan Gilt Fund
Direct Plan · Growth
|
+7.31% | +8.25% | +6.45% | +8.58% |
|
Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Direct Plan · Growth
|
+6.77% | — | — | +7.03% |
|
BANDHAN Dynamic Term Fund
Direct Plan · Growth
|
+6.71% | +7.89% | +6.20% | +8.15% |
|
Bandhan Money Market Fund
Direct Plan · Periodic IDCW
|
+6.56% | +7.39% | +6.77% | +4.70% |
|
BANDHAN LIQUID Fund
Direct Plan · Periodic IDCW
|
+6.46% | +6.88% | +6.41% | +1.51% |
|
BANDHAN Arbitrage Fund
Direct Plan · Growth
|
+6.43% | +7.26% | +6.79% | +6.91% |
|
BANDHAN MID CAP FUND
Direct Plan · Growth
|
+6.35% | +18.05% | — | +17.81% |
About This Scheme
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.
Stated Asset Allocation
Debt Securities (including G-Sec and securitised debt) and Money Market Instruments such that the Macaulay duration of the portfolio is between 3 to 6 months- 0% - 100%
Exit Load
Nil
Fund Managers
FM 1 - Mr. Harshal Joshi
FM 1 - Primary
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Bandhan AMC Limited website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.