April 18, 2025
mayank
Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 10.1063
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate returns corresponding to the total returns of the securities as represented by the CRISIL-IBX Financial Services 3-6 Months Debt Index before expenses, subject to tracking errors.
Fund Manager:
1) Brijesh Shah
Education: Mr. Shah is a Post Graduate Diploma in Finance.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he has worked with IDBI Mutual Fund, IndiaBulls Mutual Fund, Mata Securities & Twenty First Century.
2) Harshal Joshi
Education: Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 13-Mar-25 |
| Return Since Launch | 1.06% |
| Benchmark | CRISIL-IBX Financial Services 3 to 6 Months Debt |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 425 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.10% |
| (As on 31-Mar-2025) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of Bandhan CRISIL-IBX Financial Services 3-6 Months Debt
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Dir | — | 0.02 | 0.95 | — | — | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | — | 0.03 | 0.61 | — | — | — | — | — | — | — |
| Debt: Ultra Short Duration | — | 0.02 | 0.99 | — | — | — | — | — | — | — |
| Rank within category | — | 22 | 24 | — | — | — | — | — | — | — |
| Number of funds in category | 26 | 29 | 28 | 26 | 25 | 24 | 24 | 22 | 11 | 11 |
Peer Comparison of Bandhan CRISIL-IBX Financial Services 3-6 Months Debt
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Dir | Unrated | — | — | — | 0.10 | 425 | 1.06 | — | 1M |
| ABSL CRISIL-IBX Fin Srvices 3 to 6 Months Debt Index Dir | Unrated | — | — | — | 0.16 | 3,435 | 2.81 | — | 4M |
| Kotak CRISIL-IBX Fin Srvices 3-6 Months Debt Index Dir | Unrated | — | — | — | 0.12 | 635 | 1.16 | — | 1M |
| ICICI Pru CRISIL-IBX Financial Services 3-6 Months Debt Index Dir | Unrated | — | — | — | 0.10 | 554 | 0.88 | — | 30D |
| ICICI Pru Ultra Short Term Dir | 4 star | 7.93 | 7.20 | 6.54 | 0.39 | 12,674 | 8.05 | — | 12Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 17 | 51 |
| Macaulay Duration (yrs) | 0.36 | 0.47 |
| Average Maturity (yrs) | 0.36 | 0.54 |
| Yield to Maturity (%) | — | — |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
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