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Bandhan Ultra Short Term Fund Direct Growth
DebtUltra Short DurationLow to Moderate Risk
Direct
NAV (21-Nov-24)
₹14.720.03%1D
Returns (Since Inception)
6.28%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹3,662 Cr
Expense Ratio
0.27%
ISIN
INF194KA16R3
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
18 Jul 2018
About this fund
Bandhan Ultra Short Term Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by Bandhan Mutual Fund. This fund has been in existence for 6 years, 4 months and 4 days, having been launched on 18-Jul-18.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹14.72, Assets Under Management (AUM) of 3662.43 Crores, and an expense ratio of 0.27%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹14.72, Assets Under Management (AUM) of 3662.43 Crores, and an expense ratio of 0.27%.
- Bandhan Ultra Short Term Fund Direct Growth has given a CAGR return of 6.28% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 47.20% in debts, and 52.53% in cash & cash equivalents.
- You can start investing in Bandhan Ultra Short Term Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.62%
+6.45% (Cat Avg.)
3 Years
+6.36%
+5.73% (Cat Avg.)
5 Years
+5.69%
+5.17% (Cat Avg.)
Since Inception
+6.28%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹1,728.76 Cr | 47.20% |
| Others | ₹1,933.67 Cr | 52.80% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Triparty Repo Trp_041124 | Cash - Repurchase Agreement | ₹384.03 Cr | 10.49% |
| Bank Of Baroda | Cash | ₹318.84 Cr | 8.71% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹283.36 Cr | 7.74% |
| Punjab National Bank ** | Cash | ₹268.83 Cr | 7.34% |
| Axis Bank Limited | Cash | ₹213.8 Cr | 5.84% |
| Larsen & Toubro Ltd. 7.58% | Bond - Corporate Bond | ₹199.9 Cr | 5.46% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹199.77 Cr | 5.45% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹159.52 Cr | 4.36% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹147.08 Cr | 4.02% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹99.56 Cr | 2.72% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹99.07 Cr | 2.71% |
| Bank Of Baroda ** | Cash | ₹96.21 Cr | 2.63% |
| Bajaj Financial Securities Limited ** | Cash | ₹95.2 Cr | 2.60% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹95.09 Cr | 2.60% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹59.88 Cr | 1.63% |
| Kotak Mahindra Bank Limited ** | Cash | ₹59.27 Cr | 1.62% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹50.11 Cr | 1.37% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹49.93 Cr | 1.36% |
| Union Bank Of India ** | Cash | ₹49.12 Cr | 1.34% |
| 182 DTB 27022025 | Bond - Gov't/Treasury | ₹48.96 Cr | 1.34% |
| Axis Bank Limited ** | Cash | ₹48.92 Cr | 1.34% |
| Cholamandalam Investment And Fin. Co. Ltd | Bond - Corporate Bond | ₹40.09 Cr | 1.09% |
| Icici Securities Limited ** | Cash | ₹39.19 Cr | 1.07% |
| Net Current Assets | Cash | ₹37.25 Cr | 1.02% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹35.04 Cr | 0.96% |
| 08.67 MH Sdl 2026 | Bond - Gov't/Treasury | ₹30.68 Cr | 0.84% |
| 08.53 Up SDL 2026 | Bond - Gov't/Treasury | ₹25.5 Cr | 0.70% |
| 08.38 KA Sdl 2026 | Bond - Gov't/Treasury | ₹25.45 Cr | 0.69% |
| 07.98 Tn SDL 2026 | Bond - Gov't/Treasury | ₹25.41 Cr | 0.69% |
| 08.27 KA Sdl 2026 | Bond - Gov't/Treasury | ₹25.4 Cr | 0.69% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹25.04 Cr | 0.68% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.68% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹25.01 Cr | 0.68% |
| Rec Limited | Bond - Corporate Bond | ₹24.94 Cr | 0.68% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹24.93 Cr | 0.68% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹24.84 Cr | 0.68% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.65 Cr | 0.67% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹24.6 Cr | 0.67% |
| Punjab National Bank | Cash | ₹24.56 Cr | 0.67% |
| Indusind Bank Limited ** | Cash | ₹23.58 Cr | 0.64% |
| Cholamandalam Investment And Fin. Co. Ltd | Bond - Corporate Bond | ₹19.99 Cr | 0.55% |
| 06.03 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹14.97 Cr | 0.41% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹10.27 Cr | 0.28% |
| 08.05 HR Sdl 2025 | Bond - Gov't/Treasury | ₹10.04 Cr | 0.27% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹10.02 Cr | 0.27% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.27% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.97 Cr | 0.27% |
| 08.25 MH Sdl 2025jun | Bond - Gov't/Treasury | ₹5.04 Cr | 0.14% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.14% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹4.99 Cr | 0.14% |
| 08.69 Tn SDL 2026 | Bond - Gov't/Treasury | ₹4.09 Cr | 0.11% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.43 Cr | 0.01% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹1,777.39 Cr | 48.53% |
| Cash | ₹1,274.76 Cr | 34.81% |
| Cash - Repurchase Agreement | ₹384.46 Cr | 10.50% |
| Bond - Gov't/Treasury | ₹215.55 Cr | 5.89% |
| Mutual Fund - Open End | ₹10.27 Cr | 0.28% |
| Cash - Commercial Paper | ₹0 Cr | - |
| Cash - CD/Time Deposit | ₹0 Cr | - |
| Bond - Gov't Agency Debt | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.52%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
0.54
Cat. avg.
-0.63
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.35
Higher the better
Fund Managers
Harshal Joshi
Since July 2018
BS
Brijesh Shah
Since June 2024
Additional Scheme Detailsas of 31st October 2024
ISIN INF194KA16R3 | Expense Ratio 0.27% | Exit Load No Charges | Fund Size ₹3,662 Cr | Age 6 years 4 months | Lumpsum Minimum ₹100 | Fund Status Open Ended Investment Company | Benchmark NIFTY Ultra Short Duration Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹242.78 Cr | 6.9% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹627.14 Cr | 6.8% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1304.45 Cr | 7.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1304.45 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹246.19 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹246.19 Cr | 6.8% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹3046.30 Cr | 7.2% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹8313.36 Cr | 7.2% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹229.27 Cr | 7.3% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹229.27 Cr | 7.8% |
About the AMC
Bandhan Mutual Fund
Total AUM
₹1,57,157 Cr
Address
6th Floor, 841, One World Center, Mumbai, 400013
Other Funds by Bandhan Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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Still got questions?
We're here to help.
What is the current NAV of Bandhan Ultra Short Term Fund Direct Growth?
The NAV of Bandhan Ultra Short Term Fund Direct Growth, as of 21-Nov-2024, is ₹14.72.
What are the returns of Bandhan Ultra Short Term Fund Direct Growth?
The fund has generated 7.62% over the last 1 year and 6.36% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Bandhan Ultra Short Term Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 47.20% in bonds, and 52.53% in cash and cash equivalents.
Who manages the Bandhan Ultra Short Term Fund Direct Growth?
The fund managers responsible for Bandhan Ultra Short Term Fund Direct Growth are:-
- Harshal Joshi
- Brijesh Shah
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.