February 17, 2024
mayank
Bandhan Ultra Short Term Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 13.9102
Weekly NAV IDCW: Rs 10.0842
Quarterly NAV IDCW: Rs 10.3508
NAV IDCW: Rs 11.7983
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 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 Manager:
1) 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) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period NA | |
| Exit Load | 0 |
Basic Details
| Fund House | Bandhan Mutual Fund |
| Launch Date | 18-Jul-18 |
| Return Since Launch | 6.09% |
| Benchmark | NIFTY Ultra Short Duration Debt Index A-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 3,704 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.25% |
| (As on 31-Jan-2024) | |
| Risk Grade | High |
| Return Grade | Below Average |
Trailing Returns (%) of Bandhan Ultra Short Term Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Ultra Short Term Dir | 0.95 | 0.03 | 0.59 | 1.76 | 3.54 | 7.33 | 5.30 | 5.80 | — | — |
| CCIL T Bill Liquidity Weight | 0.63 | 0.05 | 0.42 | 1.21 | 2.28 | 4.69 | 3.15 | 3.27 | — | — |
| Debt: Ultra Short Duration | 0.94 | 0.02 | 0.59 | 1.77 | 3.57 | 7.33 | 5.55 | 5.92 | — | — |
| Rank within category | 12 | 1 | 12 | 18 | 18 | 16 | 19 | 12 | — | — |
| Number of funds in category | 24 | 24 | 24 | 24 | 24 | 24 | 23 | 18 | 11 | 11 |
Peer Comparison of Bandhan Ultra Short Term Fund
| 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 Ultra Short Term Dir | 2 star | 7.33 | 5.30 | 5.80 | 0.25 | 3,704 | 6.09 | — | 5Y 6M |
| ICICI Pru Ultra Short Term Dir | 5 star | 7.51 | 5.83 | 6.60 | 0.39 | 13,854 | 8.04 | — | 11Y 1M |
| Nippon India Ultra Short Duration Dir | 5 star | 7.65 | 7.37 | 5.72 | 0.38 | 5,319 | 7.13 | — | 11Y 1M |
| Axis Ultra Short Term Dir | 4 star | 7.58 | 5.72 | 6.23 | 0.31 | 4,582 | 6.46 | — | 5Y 5M |
| Tata Ultra ST Dir | 4 star | 7.56 | 5.61 | 5.92 | 0.31 | 2,377 | 5.95 | — | 5Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 58 | 49 |
| Macaulay Duration (yrs) | 0.45 | 0.40 |
| Average Maturity (yrs) | 0.45 | 0.43 |
| Yield to Maturity (%) | 7.63 | 7.64 |
| Avg Credit Rating | AAA | — |
How to Invest in Bandhan Ultra Short Term Fund?
Chanakya’s Mutual Fund Guidance For Bandhan Ultra Short Term Fund
Apply Online: https://bandhanmutual.com/mutual-funds
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