Bandhan Ultra Short Term Fund Direct Growth
DebtUltra Short DurationLow to Moderate Risk
Direct
NAV (18-Jun-25)
₹15.390.02%1D
Returns (Since Inception)
6.43%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹4,562 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, 11 months and 1 days, having been launched on 18-Jul-18.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹15.39, Assets Under Management (AUM) of 4561.87 Crores, and an expense ratio of 0.27%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹15.39, Assets Under Management (AUM) of 4561.87 Crores, and an expense ratio of 0.27%.
- Bandhan Ultra Short Term Fund Direct Growth has given a CAGR return of 6.43% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 38.00% in debts, and 61.76% 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
+7.81%
+7.18% (Cat Avg.)
3 Years
+7.27%
+6.70% (Cat Avg.)
5 Years
+5.77%
+5.53% (Cat Avg.)
Since Inception
+6.43%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Debt | ₹1,733.32 Cr | 38.00% |
| Others | ₹2,828.56 Cr | 62.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹363.13 Cr | 7.96% |
| 91 Days Tbill Red 05-06-2025 | Bond - Gov't/Treasury | ₹249.84 Cr | 5.48% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹235.72 Cr | 5.17% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹185.75 Cr | 4.07% |
| Reliance Retail Ventures Limited | Cash - Commercial Paper | ₹173.92 Cr | 3.81% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹172.04 Cr | 3.77% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹147.57 Cr | 3.23% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹145.67 Cr | 3.19% |
| HDFC Bank Ltd. | Cash - CD/Time Deposit | ₹122.76 Cr | 2.69% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹122.17 Cr | 2.68% |
| Canara Bank | Cash - CD/Time Deposit | ₹120.86 Cr | 2.65% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹115.9 Cr | 2.54% |
| Triparty Repo Trp_020625 | Cash - Repurchase Agreement | ₹104.17 Cr | 2.28% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹100.36 Cr | 2.20% |
| Icici Securities Limited | Cash - Commercial Paper | ₹99.35 Cr | 2.18% |
| Bank of Baroda | Bond - Corporate Bond | ₹97.7 Cr | 2.14% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹96.81 Cr | 2.12% |
| Bank Of Baroda** | Cash - CD/Time Deposit | ₹96.7 Cr | 2.12% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹96.59 Cr | 2.12% |
| Tata Capital Financial Services Limited | Bond - Corporate Bond | ₹90.2 Cr | 1.98% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹82.53 Cr | 1.81% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹75.08 Cr | 1.65% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹73.79 Cr | 1.62% |
| Tata Capital Limited | Bond - Corporate Bond | ₹70.55 Cr | 1.55% |
| 06.48 RJ Sdl 2027 | Bond - Gov't/Treasury | ₹60.51 Cr | 1.33% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹55.25 Cr | 1.21% |
| 07.59 Ka Sdl 2027mar | Bond - Gov't/Treasury | ₹51.39 Cr | 1.13% |
| Tata Capital Housing Finance Ltd. 8.1% | Bond - Corporate Bond | ₹50.85 Cr | 1.11% |
| Bajaj Housing Finance Ltd. 7.78% | Bond - Corporate Bond | ₹50.43 Cr | 1.11% |
| Bajaj Housing Finance Ltd. 8% | Bond - Corporate Bond | ₹50.37 Cr | 1.10% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹50.29 Cr | 1.10% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹50.19 Cr | 1.10% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹50.19 Cr | 1.10% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹50.12 Cr | 1.10% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹48.88 Cr | 1.07% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹48.87 Cr | 1.07% |
| Small Industries Development Bank of India | Cash - CD/Time Deposit | ₹48.75 Cr | 1.07% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹48.59 Cr | 1.07% |
| Cholamandalam Investment And Fin. Co. Ltd | Cash - Commercial Paper | ₹48.43 Cr | 1.06% |
| Indian Bank | Cash - CD/Time Deposit | ₹48.42 Cr | 1.06% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.41 Cr | 1.06% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.29 Cr | 1.06% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹47.4 Cr | 1.04% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹40.05 Cr | 0.88% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹34.98 Cr | 0.77% |
| Net Current Assets | Cash | ₹34.04 Cr | 0.75% |
| 07.88 CG Sdl 2027 | Bond - Gov't/Treasury | ₹25.79 Cr | 0.57% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹25.52 Cr | 0.56% |
| Cholamandalam Investment & Finance Co Ltd. 8.5% | Bond - Corporate Bond | ₹25.39 Cr | 0.56% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹25.25 Cr | 0.55% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹25.22 Cr | 0.55% |
| Sundaram Finance Limited | Bond - Corporate Bond | ₹25 Cr | 0.55% |
| Rec Limited | Bond - Corporate Bond | ₹24.89 Cr | 0.55% |
| Barclays Investments & Loans (India) Private Limited | Cash - Commercial Paper | ₹24.14 Cr | 0.53% |
| Bajaj Financial Securities Limited | Cash - Commercial Paper | ₹19.92 Cr | 0.44% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹11.21 Cr | 0.25% |
| 08.15 Tn SDL 2028 | Bond - Gov't/Treasury | ₹5.28 Cr | 0.12% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹5.07 Cr | 0.11% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹5.04 Cr | 0.11% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹5.03 Cr | 0.11% |
| 08.25 MH Sdl 2025jun | Bond - Gov't/Treasury | ₹5 Cr | 0.11% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.25 Cr | 0.01% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹1,752.64 Cr | 38.42% |
| Bond - Corporate Bond | ₹1,620.38 Cr | 35.52% |
| Cash - Commercial Paper | ₹558.83 Cr | 12.25% |
| Bond - Gov't/Treasury | ₹480.35 Cr | 10.53% |
| Cash - Repurchase Agreement | ₹104.43 Cr | 2.29% |
| Cash | ₹34.04 Cr | 0.75% |
| Mutual Fund - Open End | ₹11.21 Cr | 0.25% |
Risk & Performance Ratios
Standard Deviation
This fund
0.32%
Cat. avg.
0.49%
Lower the better
Sharpe Ratio
This fund
1.74
Cat. avg.
0.28
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.10
Higher the better
Fund Managers
Harshal Joshi
Since July 2018
BS
Brijesh Shah
Since June 2024
Additional Scheme Detailsas of 31st May 2025
ISIN | INF194KA16R3 | Expense Ratio | 0.27% | Exit Load | No Charges | Fund Size | ₹4,562 Cr | Age | 6 years 11 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:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
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  |
|---|---|---|---|---|
| Franklin India Ultra Short Duration Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹251.57 Cr | - |
| Franklin India Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹251.57 Cr | - |
| Invesco India Ultra Short Term Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹1051.40 Cr | 8.0% |
| Motilal Oswal Ultra Short Term Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹572.44 Cr | 6.0% |
| Motilal Oswal Ultra Short Term Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹572.44 Cr | 6.6% |
| ITI Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹162.92 Cr | 6.8% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹162.92 Cr | 7.7% |
| Sundaram Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2550.51 Cr | 8.0% |
| Nippon India Ultra Short Duration Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹8772.15 Cr | 8.2% |
| Kotak Savings Fund Direct Growth Low to Moderate Risk | 0.4% | 0.0% | ₹15401.47 Cr | 7.9% |
About the AMC
Total AUM
₹1,69,192 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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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 18-Jun-2025, is ₹15.39.
What are the returns of Bandhan Ultra Short Term Fund Direct Growth?
The fund has generated 7.81% over the last 1 year and 7.27% 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, 38.00% in bonds, and 61.76% 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 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.