Bandhan Ultra Short Term Fund Direct Growth

Fund Overview

Fund Size

₹3,936 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 and 8 days, having been launched on 18-Jul-18.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹14.38, Assets Under Management (AUM) of 3935.92 Crores, and an expense ratio of 0.27%.

Bandhan Ultra Short Term Fund Direct Growth has given a CAGR return of 6.22% since inception.
The fund's asset allocation comprises around 0.00% in equities, 48.93% in debts, and 50.82% 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

+7.40%

+6.09% (Cat Avg.)

3 Years

+5.91%

+5.26% (Cat Avg.)

5 Years

+5.73%

+4.96% (Cat Avg.)

Since Inception

+6.22%

— (Cat Avg.)

Portfolio Summaryas of 15th July 2024

Debt	₹1,925.7 Cr	48.93%
Others	₹2,010.22 Cr	51.07%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Triparty Repo	Cash - Repurchase Agreement	₹373.85 Cr	9.24%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹271.42 Cr	6.71%
Net Current Assets	Cash	₹240.58 Cr	5.95%
Power Finance Corporation Limited	Bond - Corporate Bond	₹199.79 Cr	4.94%
Axis Bank Limited	Cash - CD/Time Deposit	₹185.84 Cr	4.59%
Bank Of Baroda	Cash - CD/Time Deposit	₹171.71 Cr	4.25%
HDFC Bank Limited	Cash - CD/Time Deposit	₹168.91 Cr	4.18%
182 DTB 25072024	Bond - Gov't/Treasury	₹149.76 Cr	3.70%
91 DTB 25072024	Bond - Gov't/Treasury	₹149.76 Cr	3.70%
Bank Of Baroda	Cash - CD/Time Deposit	₹124.11 Cr	3.07%
HDFC Bank Limited	Bond - Corporate Bond	₹119.81 Cr	2.96%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹111.35 Cr	2.75%
Rec Limited	Bond - Corporate Bond	₹99.9 Cr	2.47%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹99.04 Cr	2.45%
Canara Bank	Cash - CD/Time Deposit	₹96.4 Cr	2.38%
Axis Bank Limited	Cash - CD/Time Deposit	₹96.12 Cr	2.38%
HDFC Bank Limited	Bond - Corporate Bond	₹95.22 Cr	2.35%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹84.54 Cr	2.09%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹75.27 Cr	1.86%
Bajaj Housing Finance Limited	Cash - Commercial Paper	₹74.96 Cr	1.85%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹74.01 Cr	1.83%
Bharti Telecom Limited	Bond - Corporate Bond	₹64.99 Cr	1.61%
Cholamandalam Investment And Finance Company Limited	Bond - Corporate Bond	₹64.98 Cr	1.61%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹54.75 Cr	1.35%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹49.77 Cr	1.23%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹49.41 Cr	1.22%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹49.03 Cr	1.21%
HDFC Bank Limited	Bond - Corporate Bond	₹39.84 Cr	0.99%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹39.46 Cr	0.98%
Kotak Mahindra Prime Limited	Cash - Commercial Paper	₹39.08 Cr	0.97%
Power Finance Corporation Limited	Bond - Corporate Bond	₹35.14 Cr	0.87%
Bajaj Finance Limited	Bond - Corporate Bond	₹34.92 Cr	0.86%
National Housing Bank	Bond - Corporate Bond	₹34.91 Cr	0.86%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹34.84 Cr	0.86%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹24.97 Cr	0.62%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹24.94 Cr	0.62%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹24.93 Cr	0.62%
Rec Limited	Bond - Corporate Bond	₹24.89 Cr	0.62%
L&T Finance Limited	Bond - Corporate Bond	₹24.88 Cr	0.62%
Cholamandalam Investment And Finance Company Limited	Bond - Corporate Bond	₹24.78 Cr	0.61%
Cholamandalam Investment & Finance Co Ltd.	Cash - Commercial Paper	₹24.44 Cr	0.60%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹24.04 Cr	0.59%
Punjab National Bank	Bond - Gov't Agency Debt	₹24.03 Cr	0.59%
Axis Bank Ltd.	Bond - Corporate Bond	₹24.02 Cr	0.59%
Cholamandalam Investment And Fin. Co. Ltd	Bond - Corporate Bond	₹19.99 Cr	0.49%
HDFC Bank Limited	Bond - Corporate Bond	₹19.75 Cr	0.49%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹15.07 Cr	0.37%
HDFC Bank Limited	Bond - Corporate Bond	₹14.98 Cr	0.37%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹14.98 Cr	0.37%
ICICI Bank Limited	Cash - CD/Time Deposit	₹14.69 Cr	0.36%
Icici Securities Limited	Cash - Commercial Paper	₹14.28 Cr	0.35%
Corporate Debt Market Development Fund Class A2	Mutual Fund - Open End	₹10.14 Cr	0.25%
Power Finance Corporation Limited	Bond - Corporate Bond	₹5.01 Cr	0.12%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹5 Cr	0.12%
Tata Capital Limited	Bond - Corporate Bond	₹4.95 Cr	0.12%
Axis Bank Limited	Cash - CD/Time Deposit	₹4.87 Cr	0.12%
India (Republic of)	Bond - Short-term Government Bills	₹1.51 Cr	0.04%
Cash Margin - Ccil	Cash - Collateral	₹0.01 Cr	0.00%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹2,079.59 Cr	51.42%
Cash - CD/Time Deposit	₹862.65 Cr	21.33%
Cash - Repurchase Agreement	₹373.85 Cr	9.24%
Bond - Gov't/Treasury	₹299.51 Cr	7.41%
Cash	₹240.58 Cr	5.95%
Cash - Commercial Paper	₹152.75 Cr	3.78%
Bond - Gov't Agency Debt	₹24.03 Cr	0.59%
Mutual Fund - Open End	₹10.14 Cr	0.25%
Bond - Short-term Government Bills	₹1.51 Cr	0.04%
Cash - Collateral	₹0.01 Cr	0.00%

Risk & Performance Ratios

Fund Managers

Harshal Joshi

Since July 2018

Sreejith Balasubramanian

Since August 2023

Additional Scheme Detailsas of 15th July 2024

ISIN

INF194KA16R3

Expense Ratio

0.27%

Exit Load

No Charges

Fund Size

₹3,936 Cr

Age

18 Jul 2018

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

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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%	₹243.56 Cr	6.7%
Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹568.43 Cr	6.5%
Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.5%	0.0%	₹1535.17 Cr	7.3%
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1535.17 Cr	7.5%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹161.02 Cr	7.2%
LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹161.02 Cr	6.5%
UTI Ultra Short Term Fund Regular Growth Moderate Risk	1.0%	0.0%	₹2239.53 Cr	7.0%
Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk	1.1%	0.0%	₹7168.59 Cr	7.0%
Mahindra Manulife Ultra Short Duration Fund Regular Growth Moderate Risk	0.7%	0.0%	₹239.90 Cr	7.1%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹239.90 Cr	7.6%

About the AMC

Bandhan Mutual Fund

022-66289999

https://bandhanmutual.com/

Total AUM

₹1,44,833 Cr

Address

6th Floor, 841, One World Center, Mumbai, 400013

Other Funds by Bandhan Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bandhan Multi Asset Allocation Fund Direct Growth Very High Risk	0.4%	0.0%	₹1568.73 Cr	-
Bandhan Nifty Smallcap 250 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹33.68 Cr	-
Bandhan Nifty Alpha 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹70.06 Cr	-
Bandhan Retirement Fund Direct Growth Very High Risk	0.6%	0.0%	₹168.82 Cr	-
Bandhan Nifty IT Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹19.11 Cr	-
Bandhan Interval Fund - Series 17 Direct Growth Moderate Risk	-	0.0%	-	-
Bandhan Fixed Term Plan Series 197 Direct Growth Moderate Risk	-	0.0%	-	-
Bandhan Fixed Term Plan Series 179 Direct Growth Moderate Risk	-	0.0%	₹286.43 Cr	8.0%
Bandhan Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹1737.29 Cr	6.8%
Bandhan Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹13477.83 Cr	7.4%
Bandhan Core Equity Fund Direct Growth Very High Risk	0.7%	1.0%	₹5360.46 Cr	56.1%
Bandhan Dynamic Bond Fund Direct Growth Moderate Risk	0.8%	0.0%	₹2367.78 Cr	10.4%
Bandhan Large Cap Fund Direct Growth Very High Risk	0.9%	0.0%	₹1514.89 Cr	36.9%
Bandhan Asset Allocation FOF Aggressive Plan Direct Growth High Risk	0.5%	1.0%	₹18.22 Cr	26.8%
Bandhan Government Securities Fund Investment Plan Direct Growth Moderate Risk	0.5%	0.0%	₹2034.16 Cr	10.7%
Bandhan Focused Equity Fund Direct Growth Very High Risk	0.8%	1.0%	₹1640.76 Cr	33.4%
Bandhan Government Securities Fund - Constant Maturity Plan Direct Growth Moderate Risk	0.3%	0.0%	₹330.96 Cr	8.3%
Bandhan Infrastructure Fund Direct Growth Very High Risk	0.9%	0.0%	₹1592.31 Cr	83.7%
Bandhan Regular Savings Fund Direct Growth Moderately High risk	1.2%	0.0%	₹116.94 Cr	12.5%
Bandhan Bond Fund - Medium Term Plan Direct Growth Moderate Risk	0.6%	0.0%	₹1529.76 Cr	7.5%
Bandhan Bond Fund - Income Plan Direct Growth Moderate Risk	1.3%	1.0%	₹489.60 Cr	7.7%
Bandhan Money Manager Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹5097.21 Cr	7.6%
Bandhan Bond Fund - Short Term Plan Direct Growth Moderate Risk	0.3%	0.0%	₹8618.01 Cr	7.8%
Bandhan Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹1348.45 Cr	25.3%
Bandhan Sterling Value Fund Direct Growth Very High Risk	0.7%	1.0%	₹9757.32 Cr	40.4%
Bandhan Flexi Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹7428.52 Cr	35.0%
Bandhan Crisil IBX Gilt November 2026 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹114.95 Cr	7.6%
Bandhan Tax Advantage (ELSS) Fund Direct Growth Very High Risk	0.6%	0.0%	₹6855.60 Cr	33.9%
Bandhan Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5450.34 Cr	7.3%
Bandhan Asset Allocation FOF Conservative Plan Direct Growth Moderately High risk	0.3%	1.0%	₹6.25 Cr	13.0%
Bandhan Crisil IBX Gilt April 2026 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹483.26 Cr	7.4%
Bandhan Multi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2303.70 Cr	42.7%
Bandhan Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹887.66 Cr	-
Bandhan Floating Rate Fund Direct Growth Moderate Risk	0.3%	0.0%	₹205.29 Cr	7.7%
Bandhan Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹6366.48 Cr	8.5%
Bandhan US Equity Fund of Fund Direct Growth Very High Risk	1.2%	1.0%	₹318.74 Cr	27.7%
Bandhan CRISIL IBX Gilt June 2032 Index Fund Direct Growth Moderate Risk	-	0.0%	₹389.79 Cr	8.1%
Bandhan Crisil IBX Gilt September 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹169.66 Cr	7.7%
Bandhan Crisil IBX Gilt April 2032 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹360.39 Cr	7.9%
Bandhan Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3935.92 Cr	7.4%
Bandhan Asset Allocation FOF Moderate Plan Direct Growth High Risk	0.4%	1.0%	₹19.30 Cr	20.0%
Bandhan Equity Savings Fund Direct Growth Moderate Risk	0.4%	0.0%	₹127.90 Cr	11.4%
Bandhan US Treasury Bond 0-1 year Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹162.38 Cr	7.7%
Bandhan Nifty100 Low Volatility 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹852.39 Cr	32.8%
Bandhan All Seasons Bond Fund Direct Growth Moderate Risk	0.1%	0.0%	₹112.71 Cr	7.6%
Bandhan Nifty200 Momentum 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹90.71 Cr	62.3%
Bandhan Emerging Businesses Fund Direct Growth Very High Risk	0.3%	1.0%	₹5880.18 Cr	73.2%
Bandhan Hybrid Equity Fund Direct Growth Very High Risk	1.1%	1.0%	₹728.20 Cr	27.0%
Bandhan Nifty 100 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹136.00 Cr	31.0%
Bandhan Credit Risk Fund Direct Growth Moderately High risk	0.7%	1.0%	₹343.50 Cr	7.8%

Risk Level

Your principal amount will be at Low to Moderate Risk

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 25-Jul-2024, is ₹14.38.

What are the returns of Bandhan Ultra Short Term Fund Direct Growth?

The fund has generated 7.40% over the last 1 year and 5.91% 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, 48.93% in bonds, and 50.82% 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
Sreejith Balasubramanian

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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