Bandhan Ultra Short Term Fund§ Core Bucket

An open-ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months. A Scheme with Relatively Low Interest Rate Risk and Relatively Low Credit Risk.

31st May 2023

Bandhan Ultra Short Term Fund§ Core Bucket

An open-ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months. A Scheme with Relatively Low Interest Rate Risk and Relatively Low Credit Risk.

31st May 2023

About the Fund:The Fund aims to invest in high quality debt and money market instruments with Macaulay Duration of 3 to 6 months and seeks to generate stable returns with a low risk strategy.
Category: Ultra Short Duration
Monthly Avg AUM : ₹ 3,614.18 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 : ₹ 3,704.19 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: 18th July 2018
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. Harshal Joshi (w.e.f. 18th July 2018)
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.

0.42%
Modified Duration

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

164 Days
Average Maturity 171 Days
Macaulay Duration 169 Days
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.

7.20%
Total Expense Ratio
Regular0.43%
Direct0.24%
Benchmark : NIFTY Ultra Short Duration Debt Index A-I (w.e.f. 1st April 2022)
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 : ₹ 100/- and any amount thereafter
Option Available: Growth & IDCW@ Option - Daily (Reinvestment), Weekly (Reinvestment), Monthly , Quarterly & Periodic (each with Reinvestment, Payout and Sweep facility).
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
NAV (₹) as on May 31, 2023
Plan Option Freq NAV
Regular Plan Growth - 13.1397
Regular Plan IDCW@ Daily 10.0519
Regular Plan IDCW@ Weekly 10.0790
Regular Plan IDCW@ Periodic 11.0523
Regular Plan IDCW@ Monthly 10.0422
Regular Plan IDCW@ Quarterly 10.3313
@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
Certificate of Deposit 33.28%
Axis Bank A1+ 11.15%
Kotak Mahindra Bank A1+ 10.43%
Small Industries Dev Bank of India A1+ 5.91%
Bank of Baroda A1+ 2.61%
Canara Bank A1+ 1.86%
ICICI Bank A1+ 1.31%
Corporate Bond 24.81%
National Housing Bank AAA 6.72%
Kotak Mahindra Prime AAA 6.26%
Bajaj Finance AAA 4.05%
NABARD AAA 4.00%
REC AAA 3.79%
Commercial Paper 17.03%
HDFC A1+ 11.81%
Small Industries Dev Bank of India A1+ 5.22%
Treasury Bill 10.64%
182 Days Tbill - 2023 SOV 10.64%
Zero Coupon Bond 7.04%
Bajaj Finance AAA 7.04%
State Government Bond 4.13%
8.97% Karnataka SDL - 2024 SOV 4.13%
Net Cash and Cash Equivalent 3.07%
Grand Total 100.00%



The scheme has been in existence for more than 1 year but less than 5 years.
Performance based on NAV as on 31/05/2023 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 July 18, 2018.


Scheme risk-o-meter

Investors understand that their principal will be at Low to Moderate risk

This product is suitable for investors who are seeking*

  • To generate returns over short-term investment horizon with a low risk strategy
  • To invest in debt and money market instruments

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

Benchmark risk-o-meter

NIFTY Ultra Short Duration Debt Index A-I



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