GMP IPO Watch
Income/Debt Oriented Schemes - Ultra Short to Short Term Fund
BANDHAN ULTRA SHORT TO SHORT TERM FUND
Direct Plan · Growth · Bandhan Mutual Fund
Risk: Low to Moderate Risk
★★★★★
Morningstar
52W Low ₹40.45 4 Nov 2025
52W High ₹42.78 4 Nov 2026
₹42.7844
NAV as of 4 Nov 2026
+0.04% day change
Other Plans of This Fund
ISININF194K01J77
Scheme Code118371
StructureOpen Ended Schemes
Fund HouseBandhan AMC Limited
AUM (avg. July - September 2026)₹5,024.6 Cr
Expense Ratio (as of 3 Nov 2026)0.38%
Min. InvestmentMinimum of Rs 100
Inception Date12 Jan 2006
BenchmarkNIFTY Low Duration Debt Index A-I
Portfolio Turnover585.66%
NFO Period12-Jan-2006 –
Returns
1Y
+5.79%
3Y
+7.03%
5Y
+6.41%
7Y
+6.17%
10Y
+6.67%
Since Inception
+7.38%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.19% | +0.18% | 16 of 25 |
| 1M | +0.35% | +0.21% | 5 of 25 |
| 3M | +1.16% | +0.76% | 9 of 25 |
| 6M | +3.05% | +2.06% | 8 of 25 |
| YTD | +4.86% | +3.34% | 9 of 25 |
| 1Y | +5.79% | +3.93% | 9 of 23 |
| 2Y | +6.73% | +4.60% | 7 of 20 |
| 3Y | +7.03% | +4.82% | 7 of 20 |
| 5Y | +6.41% | +4.05% | 5 of 17 |
| 7Y | +6.17% | +4.18% | 7 of 17 |
| 10Y | +6.67% | +4.16% | 3 of 15 |
| INCEPTION | +7.38% | — | — |
Ranked among: Income/Debt Oriented Schemes - Ultra Short to Short Term Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +1.81% | +4.22% | +0.21% | 100% | 41% |
| 6M | +3.64% | +5.57% | +1.11% | 100% | 41% |
| 1Y | +7.39% | +10.64% | +2.97% | 100% | 43% |
| 2Y | +7.33% | +10.01% | +3.68% | 100% | 43% |
| 3Y | +7.22% | +9.64% | +4.69% | 100% | 43% |
| 5Y | +7.03% | +8.81% | +5.91% | 100% | 43% |
| 7Y | +7.07% | +8.68% | +6.16% | 100% | 43% |
| 10Y | +7.12% | +7.50% | +6.65% | 100% | 43% |
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%
- Debt92.87%
- Cash7.13%
- Other0.00%
Market Cap Split
- Large Cap0.00%
- Mid Cap0.00%
- Small Cap0.00%
- Others100.00%
Holdings80
Top 5 Stocks0.00%
Top 10 Stocks0.00%
Top 3 Sectors0.00%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| 7.45% Power Finance Corporation Limited ** | Debt | 5.26% | -0.58% |
| Net Current Assets | Net Current Assets | 5.15% | — |
| 91 Days Tbill (MD 01/10/2026) | Money Market | 4.65% | — |
| HDFC Bank Limited ** | Money Market | 4.63% | +1.21% |
| 8.1% Tata Capital Housing Finance Limited ** | Debt | 4.34% | +0.04% |
| 7.83% Bajaj Housing Finance Limited ** | Debt | 4.29% | +0.40% |
| 91 Days Tbill (MD 08/10/2026) | Money Market | 3.94% | +0.06% |
| National Bank For Agriculture and Rural Development ** | Money Market | 3.86% | +1.58% |
| 7.79% Small Industries Dev Bank of India | Debt | 3.55% | +0.03% |
| Axis Bank Limited ** | Money Market | 3.09% | +0.04% |
| 7.1% Bajaj Housing Finance Limited ** | Debt | 2.73% | -1.44% |
| 6.66% National Bank For Agriculture and Rural Development ** | Debt | 2.70% | +0.02% |
| 8.1167% Bajaj Finance Limited | Debt | 2.68% | — |
| HDFC Bank Limited ** | Money Market | 2.46% | +0.04% |
| Triparty Repo TRP_011026 | Reverse Repo / TREPS | 1.98% | — |
View all 83 holdings
| 6.66% Small Industries Dev Bank of India ** | Debt | 1.70% | -1.51% |
| Bank of Baroda | Money Market | 1.55% | — |
| Canara Bank | Money Market | 1.55% | — |
| Canara Bank | Money Market | 1.54% | -3.02% |
| Small Industries Dev Bank of India ** | Money Market | 1.54% | — |
| HDFC Bank Limited | Money Market | 1.53% | — |
| Mahindra & Mahindra Financial Services Limited ** | Money Market | 1.53% | — |
| Punjab National Bank ** | Money Market | 1.46% | — |
| REC Limited | Money Market | 1.22% | — |
| 7.835% LIC Housing Finance Limited ** | Debt | 1.21% | — |
| 7.79% Small Industries Dev Bank of India | Debt | 1.18% | — |
| 7.75% Small Industries Dev Bank of India ** | Debt | 1.18% | -0.38% |
| Mahindra & Mahindra Financial Services Limited ** | Money Market | 1.17% | -0.75% |
| HDFC Bank Limited | Money Market | 1.16% | — |
| National Bank For Agriculture and Rural Development ** | Money Market | 1.16% | — |
| HDFC Bank Limited ** | Money Market | 1.15% | +0.39% |
| 7.83% Cholamandalam Investment and Finance Company Ltd ** | Debt | 1.09% | -0.46% |
| 8.05% Muthoot Finance Limited | Debt | 1.02% | +0.01% |
| 7.83% National Bank For Agriculture and Rural Development ** | Debt | 0.95% | — |
| Axis Bank Limited ** | Money Market | 0.85% | +0.77% |
| 8.0409% Tata Capital Housing Finance Limited ** | Debt | 0.82% | +0.01% |
| 8.95% Muthoot Finance Limited ** | Debt | 0.79% | +0.01% |
| 7.18% Power Finance Corporation Limited ** | Debt | 0.79% | — |
| 7.53% National Bank For Agriculture and Rural Development | Debt | 0.79% | -1.55% |
| 7.712% Tata Capital Housing Finance Limited ** | Debt | 0.78% | — |
| 7.34% Small Industries Dev Bank of India ** | Debt | 0.78% | — |
| 7.31% Bajaj Finance Limited ** | Debt | 0.78% | — |
| Axis Bank Limited ** | Money Market | 0.77% | +0.01% |
| Small Industries Dev Bank of India ** | Money Market | 0.77% | — |
| Bank of Baroda ** | Money Market | 0.77% | +0.01% |
| National Bank For Agriculture and Rural Development ** | Money Market | 0.77% | +0.01% |
| Bajaj Auto Credit Limited ** | Money Market | 0.77% | +0.02% |
| BFL-07-05-27-CP | Money Market | 0.75% | +0.01% |
| 7.7951% Bajaj Finance Limited | Debt | 0.71% | — |
| 6.37% REC Limited ** | Debt | 0.71% | +0.01% |
| 7.1% Power Finance Corporation Limited ** | Debt | 0.55% | — |
| Punjab National Bank ** | Money Market | 0.54% | — |
| 8.3% Tata Capital Limited | Debt | 0.39% | — |
| 6.65% LIC Housing Finance Limited ** | Debt | 0.39% | — |
| 6.85% National Bank For Agriculture and Rural Development | Debt | 0.39% | — |
| National Bank For Agriculture and Rural Development ** | Money Market | 0.39% | +0.01% |
| Export Import Bank of India ** | Money Market | 0.39% | — |
| National Bank For Agriculture and Rural Development | Money Market | 0.39% | — |
| BFL-3-6-27-CP | Money Market | 0.37% | -0.37% |
| Corporate Debt Market Development Fund Class A2 | Debt | 0.33% | +0.01% |
| 828RJ2028 | Debt | 0.32% | +0.00% |
| RECL-8.09%-21-3-28-PVT | Debt | 0.32% | +0.08% |
| 7.75% Tata Capital Housing Finance Limited ** | Debt | 0.32% | +0.01% |
| 695MAHSDL32 | Debt | 0.30% | +0.00% |
| 8.63% Rajasthan SDL (MD 03/09/2028) | Debt | 0.24% | +0.00% |
| 773GJSDL29 | Debt | 0.24% | — |
| 8.06% REC Limited ** | Debt | 0.24% | +0.00% |
| 8.2% Cholamandalam Investment and Finance Company Ltd ** | Debt | 0.24% | +0.01% |
| 8.28% Rajasthan SDL (MD 21/02/2028) | Debt | 0.16% | +0.00% |
| 7.59% Haryana SDL (MD 15/02/2027) | Debt | 0.16% | +0.00% |
| 7.7215% Bajaj Finance Limited ** | Debt | 0.16% | — |
| 738GOI2027 | Debt | 0.11% | +0.00% |
| 8.79% Gujarat SDL (MD 12/09/2028) | Debt | 0.08% | — |
| 8% Karnataka SDL (MD 17/01/2028) | Debt | 0.08% | +0.00% |
| 8.16% Rajasthan SDL (MD 09/05/2028) | Debt | 0.08% | +0.00% |
| 818TN2028 | Debt | 0.07% | +0.00% |
| 8.37% Tamilnadu SDL (MD 06/03/2029) | Debt | 0.06% | +0.00% |
| 8.32% Karnataka SDL (MD 06/02/2029) | Debt | 0.03% | +0.00% |
| 844RSDL29 | Debt | 0.02% | +0.00% |
| 835GJSDL29 | Debt | 0.02% | +0.00% |
| 7.88% Madhya Pradesh SDL (MD 24/01/2028) | Debt | 0.02% | +0.00% |
| 757GUJSDL26 | Debt | 0.00% | — |
| Cash Margin - CCIL | Net Current Assets | 0.00% | — |
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.62 | 0.67 | Low Volatility |
| 3Y | 0.49 | 0.57 | Low Volatility |
| 5Y | 0.51 | 0.54 | 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 | 0.00 | -10.97 | Above Average |
| 3Y | 1.93 | -8.73 | Above Average |
| 5Y | 0.90 | -12.31 | 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 | 21.12 | 13.71 | Above Average |
| 3Y | 42.39 | 26.37 | Above Average |
| 5Y | 27.47 | 18.37 | 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 | 1.26 | 1.33 | Good Risk Adjusted Returns |
| 3Y | 1.23 | 1.35 | Good Risk Adjusted Returns |
| 5Y | 1.24 | 1.21 | 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 |
|---|---|---|---|---|
|
Franklin India Ultra Short to Short Term Fund
Direct Plan · Growth
|
+6.10% | — | — | +7.17% |
|
Mahindra Manulife Ultra Short to Short Term Fund
Direct Plan · Growth
|
+5.98% | +7.32% | +6.69% | +6.84% |
|
Edelweiss Ultra Short to Short Term Fund
Direct Plan · Growth
|
+5.92% | — | — | +6.68% |
|
Nippon India Ultra Short to Short Term Fund
Regular Plan · Retail Plan - Bonus Option
|
+5.84% | +6.77% | +6.10% | +5.20% |
|
UTI Ultra Short to Short Term Fund
Regular Plan · Discontinued Annual IDCW
|
+5.67% | +6.88% | +6.13% | +6.01% |
|
Canara Robeco Ultra Short to Short Term Fund
Regular Plan · GROWTH OPTION
|
+5.63% | +6.82% | +6.18% | +7.30% |
|
Axis Ultra Short to Short Term Fund
Regular Plan · Growth Option
|
+5.63% | +6.99% | +6.36% | +7.33% |
|
HSBC Ultra Short to Short Term Fund
Regular Plan · Growth
|
+5.53% | +7.24% | — | +7.20% |
|
BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUND
Defunct Plan · Growth Option
|
+5.24% | +6.45% | — | +6.09% |
|
SBI Ultra Short to Short Term Fund
Regular Plan · Growth
|
+5.18% | +6.58% | +5.99% | +7.11% |
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 ULTRA SHORT TERM FUND
Direct Plan · Periodic IDCW
|
+6.43% | +7.19% | +6.61% | +4.33% |
About This Scheme
Investment Objective
The Scheme seeks 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.
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 6 months and 12 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.