DebtLow Duration FundRegularIDCWLow to Moderate

Bandhan Ultra Short to Short Term Fund

Q: What is the NAV of Bandhan Ultra Short to Short Term Fund?

As of 01 Oct 2026, the NAV of Bandhan Ultra Short to Short Term Fund is ₹13.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bandhan Ultra Short to Short Term Fund delivered?

Bandhan Ultra Short to Short Term Fund has returned +5.72% over 1 year, +6.82% per year over 3 years, +6.11% per year over 5 years and +2.16% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Bandhan Ultra Short to Short Term Fund?

Bandhan Ultra Short to Short Term Fund charges an expense ratio of 0.68% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Bandhan Ultra Short to Short Term Fund?

Bandhan Ultra Short to Short Term Fund's largest holdings are 7.45% Power Finance Corporation Limited (5.8%), Canara Bank (4.6%), 8.1% Tata Capital Housing Finance Limited (4.3%), Bank of Baroda (4.2%) and 7.1% Bajaj Housing Finance Limited (4.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Bandhan Ultra Short to Short Term Fund?

Bandhan Ultra Short to Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.5% and its worst peak-to-trough fall in our sample was -34.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Bandhan Ultra Short to Short Term Fund?

Bandhan Ultra Short to Short Term Fund is benchmarked against the NIFTY Low Duration Debt Index A-I. Its alpha and beta on this page are measured against that index.

Q: Who manages Bandhan Ultra Short to Short Term Fund?

Bandhan Ultra Short to Short Term Fund is managed by Harshal Joshi at Bandhan.

Q: How is Bandhan Ultra Short to Short Term Fund taxed?

Bandhan Ultra Short to Short Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Bandhan Mutual Fund · Best Low Duration Mutual Funds

NAV

₹13.77

+0.02% 1D

as of 01 Oct 2026

This is the Regular plan of Bandhan Ultra Short to Short Term Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed periodically, which is why this NAV sits below the growth plan of the same fund.

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NAV history

+5.75%CAGR

52-week rangePrev NAV ₹13.76

Latest ₹13.77

Low ₹13.02100th percentile of its 52-week rangeHigh ₹13.77

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.

Performance—

Not enough Low Duration Fund peers to rank yet

Risk—

Volatility 0.5% (no category average yet)

Cost—

0.7% expense (no category average yet)

ConsistencyModerate

74% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.68%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

NIFTY Low Duration Debt Index A-I

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

21 Oct 2011

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.40%

Absolute return over the last 3 months (not annualized)

+1.21%

Absolute return over the last 6 months (not annualized)

+3.21%

Absolute return since 1 Jan of this year (not annualized)

+4.28%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+5.72%

3-year annualized return (CAGR)

+6.82%

5-year annualized return (CAGR)

+6.11%

10-year annualized return (CAGR)

+1.40%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+2.16%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.48%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-34.85%

Benchmark ratios

Not shown for Low Duration Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Low Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.40%	—	—
3M abs	+1.21%	—	—
6M abs	+3.21%	—	—
1Y CAGR	+5.72%	—	—
3Y CAGR	+6.82%	—	—
5Y CAGR	+6.11%	—	—

Category average across peers in Low Duration Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.05L

Absolute

+17.48%

XIRR

+6.59%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Bandhan Ultra Short to Short Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+4.28%
2025	+7.19%
2024	+7.32%
2023	+6.94%
2022	+4.04%
2021	-3.41%
2020	-29.54%
2019	+8.33%
2018	+7.23%
2017	+6.98%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

3,447

Expense ratio

0.68%

YTM (from holdings)

7.01%

Average maturity

0.92 years

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Low Duration Fund

Compare all


Bandhan Ultra Short to Short Term FundThis fund Bandhan · Regular · Periodic IDCW	—	+5.72%	+6.82%	+6.11%	—	—	—
UTI Ultra Short to Short Term Fund - Regular Plan - Half UTI · Regular · Yearly IDCW	—	+6.04%	+7.13%	+6.47%	—	0.65%	—
UTI Ultra Short to Short Term Fund UTI · Regular · Flexi IDCW	—	+6.04%	+7.13%	+5.89%	—	—	—
UTI Ultra Short to Short Term Fund UTI · Regular · Weekly IDCW	—	+6.04%	+7.13%	+6.47%	—	0.65%	—
UTI Ultra Short to Short Term Fund UTI · Regular · Daily IDCW	—	+6.04%	+7.13%	+6.47%	—	0.65%	—
UTI Ultra Short to Short Term Fund UTI · Regular · Monthly IDCW	—	+6.04%	+7.13%	+6.47%	—	0.65%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt91.50%
Cash & Equivalents8.50%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-34.9%06 Mar 2020 → 26 Mar 2020
Still below that high — 20 days down, and no recovery yet.
-9.0%12 Sep 2014 → 15 Sep 2014
Fell over 3 days, back to the old high on 12 Oct 2015 — 13 months under water after the low.
-6.1%27 May 2013 → 06 Sep 2013
Fell over 3 months, back to the old high on 21 Apr 2014 — 7 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

Bandhan Mutual Fund is the former IDFC Mutual Fund, bought in 2022 by a consortium of Bandhan Financial Holdings, ChrysCapital and GIC and renamed the following year. It carries a long-established debt franchise alongside its equity and index schemes.

Launched

19 Dec 1999

Total AUM

₹2,04,046Cr+4.5% QoQ

Avg AUM · April - June 2026

Website

bandhanmutual.com

Fund Managers

HJHarshal JoshiManaging since 28 Jul 2021

Role

Senior Vice President - Fund Management

Education

PGDBM Senior Vice President – Fixed Income

Experience

He has been associated with Bandhan Multi Cap Fund - Debt portion, Bandhan AMC since December 2008 with Fixed Income Investment team. Prior to the same he was associated with ICAP India Pvt. Ltd. (2006 to 2007). Managing the Fund since September 15, 2015. (Total Experience – years)

Funds managed (25)

All schemes Harshal Joshi runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

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Fund managers

Harshal Joshi

Bandhan in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Low Duration funds

Low duration funds run a Macaulay duration of 6 to 12 months. They sit between ultra short and short duration funds, aimed at money with a horizon of about a year.

Frequently asked questions

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

As of 01 Oct 2026, the NAV of Bandhan Ultra Short to Short Term Fund is ₹13.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bandhan Ultra Short to Short Term Fund delivered?

Bandhan Ultra Short to Short Term Fund has returned +5.72% over 1 year, +6.82% per year over 3 years, +6.11% per year over 5 years and +2.16% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Bandhan Ultra Short to Short Term Fund?

Bandhan Ultra Short to Short Term Fund charges an expense ratio of 0.68% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Bandhan Ultra Short to Short Term Fund?

Bandhan Ultra Short to Short Term Fund's largest holdings are 7.45% Power Finance Corporation Limited (5.8%), Canara Bank (4.6%), 8.1% Tata Capital Housing Finance Limited (4.3%), Bank of Baroda (4.2%) and 7.1% Bajaj Housing Finance Limited (4.2%). Holdings are disclosed monthly and change over time.

How risky is Bandhan Ultra Short to Short Term Fund?

Bandhan Ultra Short to Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.5% and its worst peak-to-trough fall in our sample was -34.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Bandhan Ultra Short to Short Term Fund?

Bandhan Ultra Short to Short Term Fund is benchmarked against the NIFTY Low Duration Debt Index A-I. Its alpha and beta on this page are measured against that index.

Who manages Bandhan Ultra Short to Short Term Fund?

Bandhan Ultra Short to Short Term Fund is managed by Harshal Joshi at Bandhan.

How is Bandhan Ultra Short to Short Term Fund taxed?

Bandhan Ultra Short to Short Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.