Bajaj Finserv Ultra Short to Short Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bajaj Finserv Ultra Short to Short Term Fund Direct Growth Plan had a NAV of ₹1036.616 as of 16 Sep 2026 and an AUM of ₹552 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme carries a Balanced Risk label. Our view is that this is a short-duration debt option that currently looks more about capital stability and liquidity than return generation, especially since the fund has only recently launched and the trailing multi-year figures are not yet meaningful.

For investors, the key question is whether a low-volatility debt allocation is the main objective. The portfolio is anchored by cash equivalents, government securities, CDs and high-quality corporate debt, which suggests a conservative credit profile, but the return history is still very limited for a 2026 launch.

Quick facts

Particular	Details
NAV	₹1,036.616 as of 16 Sep 2026
AUM	₹552 Cr
Expense Ratio	0.0%
Launch Date	20 Feb 2026
Min SIP	₹1,000
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load
Fund Managers	Nimesh Chandan, Siddharth Chaudhary

The fund is managed by Nimesh Chandan and Siddharth Chaudhary.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.36%	-4.41%
3M	1.63%	-3.60%
1Y	0%	Data not available
3Y	0%	Data not available
5Y	0%	Data not available

The recent pattern is steady rather than exciting. Over 1 month and 3 months, the fund has stayed slightly positive while the benchmark has been negative over the same windows, which points to a more stable short-term profile than equity-style market swings. For a debt fund, that kind of behaviour is usually more relevant than chasing sharp upside.

The 3-month return of 1.63% also stands above the 1-month reading of 0.36%, so the fund has shown a modest pickup in the shorter period. That said, the scheme was launched only on 20 Feb 2026, so its 1-year, 3-year and 5-year figures do not yet provide a mature track record. We would treat those longer-horizon numbers as placeholders rather than proof of a completed cycle.

Against the benchmark, the fund has held up better in the recent windows. The benchmark’s negative 1-month and 3-month readings contrast with the fund’s positive ones, which supports the view that this is designed to cushion volatility rather than amplify it. The main takeaway is consistency, not high return ambition.

Because the fund is newly launched, the available return profile tells us more about early stability than about long-term compounding. That makes portfolio construction and investment purpose more important than headline trailing performance at this stage.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Bajaj Finserv Ultra Short to Short Term?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bajaj Finserv Ultra Short to Short Term Fund Direct Growth Plan	Data not available	Data not available	Data not available
Franklin India Ultra Short to Short Term Fund Direct Growth Plan	6.57%	Data not available	Data not available
Nippon India Ultra Short to Short Term Fund Direct Growth Plan	6.51%	7.45%	6.73%
Nippon India Ultra Short to Short Term Fund(B)-Direct Plan	6.51%	7.45%	6.73%
Tata Ultra Short to Short Term Fund Direct Growth Plan	6.48%	7.31%	6.49%
Kotak Ultra Short to Short Term Fund Direct Growth Plan	6.46%	7.49%	6.72%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s available recent return data sits well below the peer group’s 1-year figures, but that gap is not surprising because this scheme has only just launched. Among peers with multi-year numbers, the longer-horizon returns are materially higher than the current fund’s unavailable long-run track record, so the comparison mainly highlights the absence of history rather than a persistent underperformance pattern.

What matters more is that the fund has behaved steadily in the short windows while the benchmark has been negative. That makes the current story different from the peer table: peers are being judged on established return histories, while this fund is still being judged on early stability and portfolio construction.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	17.16%
6.97% Government of India (06/09/2026)	Government Securities	9.05%
Punjab National Bank (10/02/2027)	Certificate of Deposit	8.78%
8.9% Muthoot Finance Limited (07/10/2027) **	Corporate Debt	5.44%
7.9% LIC Housing Finance Limited (23/06/2027) **	Corporate Debt	4.53%
8.4% Cholamandalam Investment and Finance Company Ltd (18/09/2027)	Corporate Debt	4.53%
7.59% Power Finance Corporation Limited (17/01/2028) **	Corporate Debt	4.52%
7.7% Bajaj Housing Finance Limited (21/05/2027) **	Corporate Debt	4.52%
7.23% Housing & Urban Development Corporation Limited (18/07/2029) **	Corporate Debt	4.5%
6.27% Power Finance Corporation Limited (15/07/2027)	Corporate Debt	4.48%

The top 10 holdings account for approximately 67.51% of the portfolio.

To see all holdings, visit the Bajaj Finserv Ultra Short to Short Term Fund Direct Growth Plan page

The largest holding, Clearing Corporation of India Ltd, is 17.16% of the portfolio, which is a meaningful cash-and-cash-equivalent anchor. After that, the weights step down into single-digit positions, with the tenth holding at 4.48%, so the structure is not heavily dependent on one security, even though the top position is clearly the biggest.

The drop from 17.16% to 9.05% and then into the 4.5% range suggests a layered allocation rather than a very flat spread. That kind of mix may help keep the fund’s behaviour relatively steady, because the largest exposure is balanced by government securities, a CD and several corporate debt positions.

With 18 disclosed holdings and the top 10 accounting for 67.51%, the portfolio looks concentrated enough for the leading positions to matter, but still diversified enough to avoid relying on a single issuer. In our view, that balance fits a debt strategy that is trying to preserve stability while keeping some yield from short-dated credit exposure.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who are comfortable with a debt-oriented profile and want a relatively balanced risk label rather than an aggressive return chase. The short-term return pattern has been stable and slightly positive, and the benchmark has been weak over the same windows, so the main appeal is resilience rather than strong upside.

It is more relevant for a shorter to medium holding horizon where consistency matters and where the investor can accept that the scheme has not yet built a long performance record. The trade-off is clear: you may get a steadier profile and portfolio quality, but not the comfort of a mature 3-year or 5-year history yet.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: No exit load.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Bajaj Finserv Ultra Short to Short Term Fund Direct Growth Plan?
The NAV is ₹1036.616 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has the fund performed versus its benchmark recently?
It has been positive over 1 month and 3 months, while the benchmark has been negative over the same periods. That points to a steadier short-term profile than the benchmark.

How does the fund compare with peer schemes on available return data?
Its listed peers have established 1-year, 3-year and 5-year return figures, while this fund’s longer-horizon track record is not yet built out. The peer set therefore has a much fuller performance history.

What is the minimum SIP amount?
The minimum SIP amount is ₹1000.

Who manages the fund and what is the exit load?
The fund is managed by Nimesh Chandan and Siddharth Chaudhary. The exit load is no exit load.

Bottom line

Bajaj Finserv Ultra Short to Short Term Fund Direct Growth Plan currently looks like a stability-first debt scheme rather than a return-history story. Its short-term performance has been steadier than the benchmark, but the fund is too new to judge on longer horizons. Compared with peers that already have 1-year to 5-year records, it does not yet offer that depth of history. The portfolio mix, led by cash equivalents, government securities and short-dated debt, supports a conservative fit for investors who value liquidity, lower volatility and measured credit exposure.

Published on 17 September 2026 at 3:18 PM IST

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RIA disclosure

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.