Bandhan Bond Fund - Short Term Plan§ Core Bucket

An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years. A Scheme with Moderate Interest Rate Risk and Relatively Low Credit Risk.

31st July 2023

Bandhan Bond Fund - Short Term Plan§ Core Bucket

An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years. A Scheme with Moderate Interest Rate Risk and Relatively Low Credit Risk.

31st July 2023

About the Fund: A Short Term Income Fund, the portfolio is mostly a mix of short duration debt and money market instruments. Average maturity is ordinarily anchored in an approximate band around 2 years currently.
Category: Short Duration
Monthly Avg AUM : ₹ 8,981.26 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Monthly end AUM : ₹ 8,879.88 Crores

AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Inception Date: 14 December 2000
Fund Manager :

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Mr. Suyash Choudhary (Since 11th March 2011)
Other Parameter:
Standard Deviation (Annualized)

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

1.38%
Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

2.44 years
Average Maturity 2.83 years
Macaulay Duration 2.53 years
Yield to Maturity

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

7.32%
Total Expense Ratio
Regular0.77%
Direct0.30%
Benchmark : Tier 1: NIFTY Short Duration Debt Index A-II (w.e.f. 1st April 2022) Tier 2: NIFTY AAA Short Duration Bond Index
SIP (Minimum Amount): ₹ 100/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@: Investor may choose any day of the month except 29th, 30th and 31st as the date of installment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 1,000/- and any amount thereafter
Option Available: Growth, IDCW@ - Fortnightly (Payout, Reinvestment & Sweep), Monthly, Quarterly, Annual & Periodic
Exit Load :

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.

Nil (w.e.f. 23rd May 2016)
NAV (₹) as on July 31, 2023
Plan Option Freq NAV
Regular Plan Growth - 49.2604
Regular Plan IDCW@ Monthly 10.3569
Regular Plan IDCW@ Fortnightly 10.4062
Regular Plan IDCW@ Periodic 18.2780
Regular Plan IDCW@ Quarterly 10.5573
Regular Plan IDCW@ Annual 10.7248
@Income Distribution and Capital Withdrawal
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.


NameRating% of NAV
Government Bond 70.60%
7.38% - 2027 G-Sec SOV 51.50%
5.63% - 2026 G-Sec SOV 18.46%
7.1% - 2029 G-Sec SOV 0.62%
8.24% - 2027 G-Sec SOV 0.01%
6.79% - 2027 G-Sec SOV 0.01%
Commercial Paper 12.64%
HDFC Bank A1+ 7.69%
Small Industries Dev Bank of India A1+ 2.79%
Bajaj Finance A1+ 1.61%
Kotak Mahindra Prime A1+ 0.55%
Corporate Bond 9.29%
Bajaj Finance AAA 7.24%
Sundaram Finance AAA 1.70%
HDFC Bank AAA 0.28%
Kotak Mahindra Prime AAA 0.06%
NABARD AAA 0.01%
Certificate of Deposit 4.62%
Small Industries Dev Bank of India A1+ 4.62%
PTC 0.39%
First Business Receivables Trust AAA(SO) 0.39%
Treasury Bill 0.03%
364 Days Tbill - 2024 SOV 0.03%
Net Cash and Cash Equivalent 2.42%
Grand Total 100.00%

^First Business Receivables Trust- wt. avg. mat: 0.80 years (PTC originated by Reliance Industries Limited)



Performance based on NAV as on 31/07/2023 Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data
*Inception Date of Regular Plan - Growth Dec 14, 2000.



Scheme risk-o-meter

Investors understand that their principal will be at Moderate risk

This product is suitable for investors who are seeking*

  • To generate optimal returns over short to medium term.
  • Investments in Debt & Money Market securities such that the Macaulay duration of the portfolio is between 1 year and 3 years.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Benchmark risk-o-meter

Tier 1: NIFTY Short Duration Debt Index A-II

Benchmark risk-o-meter

Tier 2: NIFTY AAA Short Duration Bond Index



Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
§With effect from 13th March 2023, the name of "IDFC Bond Fund - Short Term Plan" has changed to "Bandhan Bond Fund - Short Term Plan".