{"id":247642,"date":"2026-09-16T08:03:31","date_gmt":"2026-09-16T02:33:31","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/"},"modified":"2026-09-16T08:03:31","modified_gmt":"2026-09-16T02:33:31","slug":"bandhan-ultra-short-term-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/","title":{"rendered":"Bandhan Ultra Short Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-ultra-short-term-fund-g-direct-plan\">Bandhan Ultra Short Term Fund Direct Growth Plan<\/a> has a NAV of \u20b916.6336 as of 15 Sep 2026 and an AUM of \u20b94,179 Cr. Its 1-year, 3-year and 5-year returns are 6.59%, 7.18% and 6.44% respectively, and the scheme sits in the Balanced Risk category. Our view is that this is a steady debt option for investors who want relatively contained swings, but the recent return pattern still needs to be read alongside the benchmark\u2019s weaker behaviour and the fund\u2019s portfolio mix.<\/p>\n<p>The fund\u2019s long-term compounding has been reasonably consistent, while the shorter-term numbers are softer than the 3-year trend. That makes it more suitable for investors who can hold through moderate variation and who value stability over headline upside. The portfolio is built around money-market-style and short-duration credit exposure, which can support smoother participation, though it also means returns are likely to move within a narrower band than equity-led products.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Bandhan_Ultra_Short_Term\" title=\"Should you BUY or HOLD Bandhan Ultra Short Term?\">Should you BUY or HOLD Bandhan Ultra Short Term?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Bandhan_Ultra_Short_Term_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of Bandhan Ultra Short Term Fund Direct Growth Plan?\">What is the current NAV of Bandhan Ultra Short Term Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#What_are_the_funds_1-year_3-year_and_5-year_returns\" title=\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\">What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#How_has_it_performed_versus_the_benchmark\" title=\"How has it performed versus the benchmark?\">How has it performed versus the benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#How_does_it_compare_with_peer_funds_on_return_data\" title=\"How does it compare with peer funds on return data?\">How does it compare with peer funds on return data?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Is_there_a_minimum_SIP_requirement\" title=\"Is there a minimum SIP requirement?\">Is there a minimum SIP requirement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Who_manages_the_fund_and_what_does_the_portfolio_look_like\" title=\"Who manages the fund and what does the portfolio look like?\">Who manages the fund and what does the portfolio look like?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/bandhan-ultra-short-term-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b916.6336 as of 15 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b94,179 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.27%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>18 Jul 2018<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Balanced Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Debt<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Harshal Joshi<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Harshal Joshi.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>0.46%<\/td>\n<td>-4.81%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.76%<\/td>\n<td>-3.63%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>6.59%<\/td>\n<td>-8.27%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.18%<\/td>\n<td>5.59%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>6.44%<\/td>\n<td>5.58%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent pattern is better read as stable than exciting. Over 1 month and 3 months, the fund has stayed positive while the benchmark has been negative, which suggests the scheme has been better insulated from near-term weakness.<\/p>\n<p>The 1-year return of 6.59% also stands well ahead of the benchmark\u2019s -8.27%, so the fund has clearly handled the last year better than the comparison index. That said, the gap is not the same story across longer horizons. The 3-year return of 7.18% is only moderately above the benchmark\u2019s 5.59%, and the 5-year return of 6.44% is also ahead of the benchmark\u2019s 5.58% but not by a wide margin.<\/p>\n<p>What we see here is a fund that has preserved a steadier compounding profile than the benchmark, especially in recent periods, while still delivering mid-single-digit returns over the long run. The progression in the series is not abrupt, and that matters for a debt scheme: it points to a path that is more measured than volatile. For investors, that usually means the fund may be better suited to capital parking and shorter horizon debt allocation than to return-chasing.<\/p>\n<p>The main takeaway is that the fund\u2019s nearer-term behaviour has been stronger than the benchmark\u2019s, but the 3-year and 5-year numbers show a more modest long-term edge. In other words, recent resilience is visible, yet the compounding profile remains disciplined rather than aggressive.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Bandhan_Ultra_Short_Term\"><\/span>Should you BUY or HOLD Bandhan Ultra Short Term?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding Bandhan Ultra Short Term? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-ultra-short-term-fund-g-direct-plan\">Bandhan Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.59%<\/td>\n<td>7.18%<\/td>\n<td>6.44%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/nippon-india-ultra-short-term-fund-g-direct-plan\">Nippon India Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>7.06%<\/td>\n<td>7.60%<\/td>\n<td>6.97%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-ultra-short-term-fund-g-direct-plan\">Axis Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.86%<\/td>\n<td>7.46%<\/td>\n<td>6.76%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/invesco-india-ultra-short-term-fund-g-direct-plan\">Invesco India Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.83%<\/td>\n<td>7.36%<\/td>\n<td>6.60%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/dsp-ultra-short-term-fund-g-direct-plan\">DSP Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.80%<\/td>\n<td>7.44%<\/td>\n<td>6.65%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-ultra-short-term-fund-g-direct-plan\">ICICI Pru Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.79%<\/td>\n<td>7.43%<\/td>\n<td>6.75%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On the return table, the fund sits a little behind the stronger peer figures in the 1-year column, where Nippon India Ultra Short Term Fund Direct Growth Plan leads the group on the available numbers. The same pattern broadly continues over 3 years and 5 years, where the current fund trails the better peer readings but remains close enough to show a competitive, rather than weak, profile. The short-term and longer-term comparisons do not tell opposite stories; they both point to a fund that is steady, but not the strongest among the listed peers on return data alone.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Triparty Repo TRP_010926<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>10.74%<\/td>\n<\/tr>\n<tr>\n<td>Bank of Baroda **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>9.92%<\/td>\n<\/tr>\n<tr>\n<td>National Bank for Agriculture and Rural Development **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>8.73%<\/td>\n<\/tr>\n<tr>\n<td>8.1% Tata Capital Housing Finance Limited **<\/td>\n<td>Corporate Debt<\/td>\n<td>4.68%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Limited **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>4.66%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Limited<\/td>\n<td>Certificate of Deposit<\/td>\n<td>4.11%<\/td>\n<\/tr>\n<tr>\n<td>Small Industries Dev Bank of India **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>4.03%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Securities Limited **<\/td>\n<td>Commercial Paper<\/td>\n<td>3.51%<\/td>\n<\/tr>\n<tr>\n<td>Mahindra &amp; Mahindra Financial Services Limited **<\/td>\n<td>Commercial Paper<\/td>\n<td>2.93%<\/td>\n<\/tr>\n<tr>\n<td>Axis Bank Limited **<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.92%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 56.23% of the portfolio, which suggests a meaningful but not extreme concentration in the disclosed positions. The largest holding, Triparty Repo TRP_010926, is 10.74%, while the tenth holding is 2.92%, so the list tapers down fairly quickly from the highest weight to the lower end of the disclosed set.<\/p>\n<p>That pattern may indicate a portfolio built around a cluster of short-duration, high-quality money-market instruments rather than one or two oversized bets. The presence of cash and cash equivalents, certificates of deposit and commercial paper also points to a structure that could help reduce day-to-day swings, although the individual credit instruments still matter for income generation.<\/p>\n<p>There are 41 disclosed holdings in total, so the visible top 10 represent only part of the portfolio. Even so, the combined weight of the leading positions is large enough to matter, which means changes in a few key holdings may have a greater influence on returns than in a more evenly spread portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-ultra-short-term-fund-g-direct-plan\">Bandhan Ultra Short Term Fund Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund may suit investors with a moderate tolerance for risk who want debt exposure with relatively controlled movement rather than equity-style volatility. The Balanced Risk label and the portfolio mix both point to a structure that is designed for steadier compounding, which can be useful for parking money over a short to medium horizon.<\/p>\n<p>The 1-year number is stronger than the benchmark, while the 3-year and 5-year returns show a more measured but still positive long-term profile. The main trade-off is that investors may get stability and modest compounding, but not the faster upside that comes with more aggressive asset mixes. That makes the fund more relevant for investors prioritising preservation, liquidity planning and smoother short-horizon debt allocation.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Exit load:<\/strong> No exit load.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Bandhan_Ultra_Short_Term_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of Bandhan Ultra Short Term Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The NAV is \u20b916.6336 as of 15 Sep 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_funds_1-year_3-year_and_5-year_returns\"><\/span>What are the fund\u2019s 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 1-year return is 6.59%, the 3-year return is 7.18% and the 5-year return is 6.44%.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_it_performed_versus_the_benchmark\"><\/span>How has it performed versus the benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has done better than the benchmark over 1 month, 3 months, 1 year, 3 years and 5 years. The widest gap is in the 1-year period, where the fund is positive and the benchmark is negative.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_peer_funds_on_return_data\"><\/span>How does it compare with peer funds on return data?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its return profile is competitive, but several peer funds in the list have slightly stronger 1-year, 3-year and 5-year figures. The current fund still stays close to the group on all three periods.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Is_there_a_minimum_SIP_requirement\"><\/span>Is there a minimum SIP requirement?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The scheme allows SIP investment, but a minimum SIP amount is not stated here.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_does_the_portfolio_look_like\"><\/span>Who manages the fund and what does the portfolio look like?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Harshal Joshi manages the fund. The portfolio is led by Triparty Repo TRP_010926 at 10.74%, followed by bank certificates of deposit and other short-duration credit instruments, and the scheme has no exit load.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bandhan Ultra Short Term Fund Direct Growth Plan has shown a steadier recent profile than its benchmark, while its 3-year and 5-year returns point to a more modest long-term edge than a high-growth story. Against the listed peers, the return profile is competitive but not the strongest on the available figures. The Balanced Risk label, short-duration mix and no-exit-load structure make it a practical debt option for investors who want measured compounding and can accept that the upside is likely to remain moderate.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 16 September 2026 at 8:02 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Bandhan Ultra Short Term Fund Direct Growth Plan\",\"identifier\":\"bandhan-ultra-short-term-fund-g-direct-plan\",\"category\":\"Debt\",\"dateCreated\":\"18 Jul 2018\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":16.6336,\"valueReference\":\"as of 15 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"4179 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.27\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":6.59},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.18},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":6.44},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Harshal Joshi\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Bandhan Ultra Short Term Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The NAV is \u20b916.6336 as of 15 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 1-year return is 6.59%, the 3-year return is 7.18% and the 5-year return is 6.44%.\"}},{\"@type\":\"Question\",\"name\":\"How has it performed versus the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has done better than the benchmark over 1 month, 3 months, 1 year, 3 years and 5 years. The widest gap is in the 1-year period, where the fund is positive and the benchmark is negative.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer funds on return data?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its return profile is competitive, but several peer funds in the list have slightly stronger 1-year, 3-year and 5-year figures. The current fund still stays close to the group on all three periods.\"}},{\"@type\":\"Question\",\"name\":\"Is there a minimum SIP requirement?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The scheme allows SIP investment, but a minimum SIP amount is not stated here.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what does the portfolio look like?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Harshal Joshi manages the fund. The portfolio is led by Triparty Repo TRP_010926 at 10.74%, followed by bank certificates of deposit and other short-duration credit instruments, and the scheme has no exit load.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bandhan Ultra Short Term Fund Direct Growth Plan NAV is \u20b916.6336 as of 15 Sep 2026. The fund\u2019s 1Y, 3Y and 5Y returns are 6.59%, 7.18% and 6.44%.<\/p>\n","protected":false},"author":38,"featured_media":247640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-247642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["247640"],"rank_math_title":["Bandhan Ultra Short Term Fund Review 2026 | NAV &amp; Returns"],"rank_math_description":["Bandhan Ultra Short Term Fund Direct Growth Plan NAV is \u20b916.6336; 1Y return is 6.59% and 3Y return is 7.18% as of 15 Sep 2026."],"rank_math_focus_keyword":["Bandhan Ultra Short Term Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Bandhan_Ultra_Short_Term_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/247642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=247642"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/247642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/247640"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=247642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=247642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=247642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}