Bandhan Ultra Short Term Fund Regular-IDCW Quarter...
(Scheme Rating)
NAV as of Aug 29, 2024
10.410.01%
- IDCW Quarterly - Regular
(Earn upto 0.19% Extra Returns with Direct Plan)
Fund Category:
Debt: Ultra Short Duration
Expense Ratio:
0.46%(0.78% Category
average)Fund Size:
Rs. 3,744.87 Cr(3.16% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Bandhan Ultra Short Term Fund Regular-IDCW Quarterly
(Scheme Rating)
NAV as of Aug 29, 2024
10.410.01%
Expense Ratio:
0.46%
Fund Size:
Rs. 3,744.87 Cr
Fund Category:
Debt: Ultra Short Duration
1. Current NAV: The Current Net Asset Value of the Bandhan Ultra Short Term Fund - Regular Plan as of Aug 29, 2024 is Rs 10.41 for IDCW Quarterly option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 7.26% (1yr), 5.8% (3yr), 5.5% (5yr) and 6.05% (since launch). Whereas, Category returns for the same time duration are: 6.94% (1yr), 5.6% (3yr) and 5.29% (5yr).
3. Fund Size: The Bandhan Ultra Short Term Fund - Regular Plan currently holds Assets under Management worth of Rs 3744.87 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.46% for Regular plan as on Aug 13, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Bandhan Ultra Short Term Fund Regular-IDCW Quarterly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.56 1.77 3.67 7.25 5.80 5.50 Category Avg 0.54 1.70 3.50 6.93 5.60 5.29 Rank within Category 6 8 8 8 9 8 No. of funds within Category 24 24 24 24 24 19 - Loading...
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Return Comparison
- This Fund
- BenchmarkNippon India Ultra Short Duration-IDCWQ
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Bandhan Ultra Short Term Fund Regular-IDCW Quarterly Fund Details
Investment Objective - The Scheme seeks to offer an investment avenue for short term savings by looking to generate stable returns 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 3 to 6 months.
Fund House | Bandhan Mutual Fund |
Launch Date | Jul 18, 2018 |
Benchmark | NIFTY Ultra Short Duration Debt Index A-I |
Return Since Launch | 6.05% |
Riskometer | Low to Moderate |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Average |
Bandhan Ultra Short Term Fund Regular-IDCW Quarterly Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 0.43 | 0.5736 | 0.08 | 0.4172 |
Average Maturity(Yrs) | 0.46 | 0.8247 | 0.09 | 0.45 |
Yield to Maturity(%) | 7.35 | 8.1542 | 6.72 | 7.4275 |
Avg Credit Rating | Low | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 6.82 | 18.52 |
Low Risk | 78.90 | 73.24 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 14.28 | 8.24 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | - | - |
CD | 18.88 | 32.30 |
T-Bills | 6.82 | 19.11 |
CP | 8.31 | 10.31 |
NCD & Bonds | 51.71 | 28.36 |
PTC | - | 0.41 |
Cash & Others | 14.28 | 8.97 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
Reliance Retail Ventures Ltd | Short-term Debt | Services | A1+ | 2,722.05 | 7.27 | 2,75,00,000 |
5.23% National Bank For Agriculture & Rural Development 31/01/2025 | Long-term Debt | Financial | AAA | 2,716.64 | 7.25 | 2,75,00,000 |
7.42% Power Finance Corporation Ltd 19/11/2024 | Long-term Debt | Financial | AAA | 2,597.30 | 6.94 | 2,60,00,000 |
Reserve Bank of India | Short-term Debt | Financial | SOV | 2,537.25 | 6.78 | 2,55,00,000 |
Axis Bank Ltd | Short-term Debt | Financial | A1+ | 2,330.68 | 6.22 | - |
HDFC Bank Ltd | Short-term Debt | Financial | A1+ | 1,694.25 | 4.52 | 1,75,00,000 |
HDFC Bank Ltd | Long-term Debt | Financial | AAA | 1,197.90 | 3.20 | - |
Axis Bank Ltd | Short-term Debt | Financial | A1+ | 1,165.11 | 3.11 | 1,25,00,000 |
8.23% REC Ltd 23/01/2025 | Long-term Debt | Financial | AAA | 1,112.79 | 2.97 | 1,11,00,000 |
7.42% Bajaj Housing Finance Ltd 12/08/2025 | Long-term Debt | Financial | AAA | 1,094.64 | 2.92 | 1,10,00,000 |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Bandhan Ultra Short Term Fund Regular-IDCW Quarterly 10.41 3,744.87 0.55 7.22 5.81 5.50 Nippon India Ultra Short Duration Fund-IDCW Quarterly 1,023.75 7,291.01 0.52 7.00 5.77 5.26 UTI Ultra Short Duration Fund Regular-IDCW Quarterly 1,215.76 2,139.50 0.53 6.97 6.53 5.96 ICICI Prudential Ultra Short Term Fund-IDCW Quarterly 10.99 14,113.40 0.54 7.23 5.88 5.92 Invesco India Ultra Short Duration Fund-IDCW Quarterly 1,077.44 703.51 0.54 7.18 5.55 5.18
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Moderate Volatility
0.56VS0.56Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.20VS1.06Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.08VS-0.27Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.04VS-0.05Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.50VS2.05Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
5.58VS5.42Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Bandhan Mutual Fund News
Fund Manager
- H.J.Harshal JoshiSince Jul 20185 schemes
- V.K.Viraj KulkarniSince Jul 20182 schemes
Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Low Duration Fund Regular-IDCW Quarterly Low Duration 11.09 5,879.14 7.11 Bandhan Equity Savings Fund Regular-IDCW Quarterly Equity Savings 13.08 135.99 10.50 Bandhan All Seasons Bond Fund Regular-IDCW Quarterly Short Duration 12.77 121.68 7.57 Bandhan Conservative Hybrid Fund Regular-IDCW Quarterly Conservative Hybrid 14.32 116.26 13.26 Bandhan Government Securities Fund Constant Maturity Regular-IDCW Quarterly Gilt with 10 year Constant Duration 11.55 Unrated 332.96 9.23 Mr. Kulkarni is a B.Tech. (Electronics), CFA and also holds a PGDM (Finance). Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he was associated with Franklin Templeton Asset Management (India) Pvt. Ltd. (May 2014-Sept. 2015) and Goldman Sachs Services India (June 2010-May 2012).
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Bandhan Equity Savings Fund Regular-IDCW Quarterly Equity Savings 13.08 135.99 10.50 Bandhan Conservative Hybrid Fund Regular-IDCW Quarterly Conservative Hybrid 14.32 116.26 13.26
More Bandhan Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Bandhan Liquid Fund Regular-Growth | 14,555.72 | 0.59 | 1.84 | 3.71 | 7.23 | 5.67 | |
Bandhan Banking & PSU Debt Fund Regular-Growth | 14,279.57 | 0.65 | 1.81 | 3.56 | 6.48 | 5.21 | |
Bandhan Corporate Bond Fund Regular-Growth | 13,808.94 | 0.67 | 1.80 | 3.46 | 6.76 | 4.91 | |
Bandhan Sterling Value Fund Regular-Growth | 9,019.36 | 5.44 | 12.81 | 20.34 | 42.15 | 25.11 | |
Bandhan Bond Fund Short Term Plan Regular-Growth | 8,759.17 | 0.74 | 1.90 | 3.67 | 6.78 | 5.07 | |
Bandhan CRISIL IBX Gilt June 2027 Index Fund Regular-Growth | 8,285.49 | 0.80 | 1.90 | 3.58 | 6.62 | 5.09 | |
Bandhan Flexi Cap Fund Regular-Growth | 6,979.84 | 5.26 | 13.34 | 16.58 | 35.47 | 17.46 | |
Bandhan ELSS Tax Saver Fund Regular-Growth | 6,433.56 | 4.74 | 9.70 | 15.16 | 34.25 | 20.81 | |
Bandhan Arbitrage Fund Regular-Growth | 6,202.72 | 0.64 | 1.96 | 4.02 | 7.69 | 5.57 | |
Bandhan Small Cap Fund Regular-Growth | 5,165.54 | 6.03 | 21.73 | 24.80 | 69.28 | 27.68 |
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1. Bandhan Ultra Short Term Fund - Regular Plan is Open-ended Ultra Short Duration Debt scheme which belongs to Bandhan Mutual Fund House.
2. The fund was launched on Jul 18, 2018.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to offer an investment avenue for short term savings by looking to generate stable returns 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 3 to 6 months. "
2. It is benchmarked against NIFTY Ultra Short Duration Debt Index A-I.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Bandhan Ultra Short Term Fund - Regular Plan is 0.46 years and Duration is 0.43287671 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Bandhan Ultra Short Term Fund Regular-IDCW Quarterly
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Bandhan Ultra Short Term Fund Regular-IDCW Quarterly
- Is it safe to invest in Bandhan Ultra Short Term Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Bandhan Ultra Short Term Fund - Regular Plan comes under Low to Moderate risk category.
- What is the category of Bandhan Ultra Short Term Fund - Regular Plan?Bandhan Ultra Short Term Fund - Regular Plan belongs to the Debt : Ultra Short Duration category of funds.
- How Long should I Invest in Bandhan Ultra Short Term Fund - Regular Plan?The suggested investment horizon of investing into Bandhan Ultra Short Term Fund - Regular Plan is 3 - 6 months. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Bandhan Ultra Short Term Fund - Regular Plan?The Bandhan Ultra Short Term Fund - Regular Plan is managed by Harshal Joshi (Since Jul 06, 2018) and Viraj Kulkarni (Since Jul 06, 2018).
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