Baroda BNP Paribas Ultra Short to Short Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Baroda BNP Paribas Ultra Short to Short Term Fund Direct Growth Plan is an income-oriented debt fund with a balanced-risk profile. Its NAV is ₹47.3659 as of 03 Sep 2026, and its scheme AUM is ₹390 Cr. The fund’s 1-year, 3-year and 5-year returns are 6.61%, 7.43% and 6.59%, respectively.

Our view is that the fund has delivered a steady outcome over longer periods, while the recent 1-year performance remains close to its 5-year pace. The portfolio is anchored by cash and high-quality short-duration debt instruments, which may support smoother movement than a more concentrated credit strategy, but the benchmark comparison shows that returns have not moved in a straight line.

Quick facts

Particular	Details
NAV	₹47.3659 as of 03 Sep 2026
AUM	₹390 Cr
Expense Ratio	0.27%
Launch Date	02 Jan 2013
Min SIP	₹500
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load after holding period
Fund Managers	Vikram Pamnani, Gurvinder Singh Wasan

The fund is managed by Vikram Pamnani and Gurvinder Singh Wasan.

Source data date: as of 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.61%	-3.01%
3M	2.23%	1.95%
1Y	6.61%	-4.4%
3Y	7.43%	5.74%
5Y	6.59%	6.27%

The short-term picture is mixed but still constructive. Over 1 month and 1 year, the fund held positive territory while the benchmark was negative over 1 month and 1 year, which points to a steadier profile in weak market phases.

The 3-month return of 2.23% sits just above the benchmark’s 1.95%, so the recent quarter was positive without looking aggressive. That matters for debt investors, because this kind of fund is usually judged more by consistency than by sharp bursts of upside.

Over 3 years, the fund’s 7.43% return is ahead of the benchmark’s 5.74%, and the 5-year return of 6.59% is also slightly above the benchmark’s 6.27%. Our read is that the fund has created a modest but clear gap over longer periods, even if the lead is not large.

The path has not been perfectly smooth. The return pattern shows phases of improvement and brief soft patches rather than a straight upward line, so investors should expect a debt-style experience that can still fluctuate with rate and credit conditions.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Baroda BNP Paribas 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.

Already holding Baroda BNP Paribas Ultra Short to Short Term? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Nippon India Ultra Short to Short Term Fund Direct Growth Plan	6.64%	7.51%	6.74%
Nippon India Ultra Short to Short Term Fund(B)-Direct Plan	6.64%	7.51%	6.74%
Franklin India Ultra Short to Short Term Fund Direct Growth Plan	6.64%	Data not available	Data not available
Baroda BNP Paribas Ultra Short to Short Term Fund Direct Growth Plan	6.61%	7.43%	6.59%
Mirae Asset Ultra Short to Short Term Fund Direct Growth Plan	6.61%	7.51%	6.6%

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

The fund’s 1-year return is close to the peer group leaders, with several schemes at 6.64% and this fund at 6.61%. That tells us the recent gap is small, not structural.

On the 3-year and 5-year measures, the fund sits below the stronger peer figures available in the table, especially where 3-year returns are 7.51% and the 5-year return reaches 6.74%. The longer view therefore looks a little softer than the recent one-year comparison.

Franklin India Ultra Short to Short Term Fund Direct Growth Plan has no usable 3-year or 5-year figure here, so the cleaner comparison is against the peers with complete histories. Against them, this fund looks competitive on recent return but somewhat lighter on longer compounding.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	18.92%
Export Import Bank of India (11/11/2026) #	Certificate of Deposit	5.53%
7.41% Indian Railway Finance Corporation Limited (15/10/2026) **	Corporate Debt	5.12%
Indusind Bank Limited (27/01/2027) ** #	Certificate of Deposit	4.94%
6.4% LIC Housing Finance Limited (30/11/2026)	Corporate Debt	4.34%
8.15% PNB Housing Finance Limited (29/07/2027) **	Corporate Debt	3.73%
Small Industries Dev Bank of India (18/02/2027) #	Certificate of Deposit	3.7%
6.52% REC Limited (31/01/2028) **	Corporate Debt	3.29%
8.7% Shriram Finance Limited (09/04/2028)	Corporate Debt	3.11%
7.46% REC Limited (30/06/2028) **	Corporate Debt	2.57%

The top 10 holdings account for approximately 55.25% of the portfolio.

To see all holdings, visit the Baroda BNP Paribas Ultra Short to Short Term Fund Direct Growth Plan page

The largest holding is Clearing Corporation of India Ltd at 18.92%, which is far above the next position and is likely to have greater influence on the portfolio’s day-to-day profile than any single debt security among the rest of the top holdings. That said, the second through tenth positions each sit in a much narrower band, mostly between 2.57% and 5.53%.

The drop from the first holding to the tenth is steep, so the portfolio is not evenly spread across the displayed names. Instead, a sizable cash-and-collateral anchor sits at the top, followed by a series of certificate of deposit and corporate debt positions that may collectively smooth outcomes without any one of them dominating.

Because the top 10 already make up 55.25% of the portfolio and the scheme discloses 34 holdings, the fund appears to combine a meaningful core position with a longer tail of smaller line items. Our view is that this structure may support stability, but it also means the largest holding deserves attention when assessing short-term movement.

Source data date: as of 03 Sep 2026

Who should invest

This fund may suit investors who are comfortable with a Balanced Risk profile and who want a debt allocation that has stayed positive over 1-year, 3-year and 5-year windows. The benchmark comparison suggests it has generally held up better than the index over the most recent 1-year period and also stayed ahead over 3-year and 5-year horizons.

The main trade-off is that it is not a pure capital-protection product: the return path has had uneven patches, and the portfolio still relies on a large cash-linked holding alongside short-dated debt and deposit exposure. Investors with a medium-term horizon and a preference for measured debt returns over aggressive upside may find the profile more relevant than those seeking very stable, near-fixed outcomes.

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 after holding period.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Baroda BNP Paribas Ultra Short to Short Term Fund Direct Growth Plan?

The current NAV is ₹47.3659 as of 03 Sep 2026.

What are the 1-year, 3-year and 5-year returns?

The 1-year return is 6.61%, the 3-year return is 7.43% and the 5-year return is 6.59%.

How does the fund compare with the benchmark?

It has outperformed the benchmark over 1 year, 3 years and 5 years. The benchmark figures for those periods are -4.4%, 5.74% and 6.27%, respectively.

How does it compare with peer funds on returns?

Its 1-year return is close to the strongest peer figures shown, while its 3-year and 5-year returns are a little lower than the better complete histories in the peer table.

Is there a minimum SIP amount?

Yes, the minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?

The fund is managed by Vikram Pamnani and Gurvinder Singh Wasan. There is no exit load after the holding period.

Bottom line

Baroda BNP Paribas Ultra Short to Short Term Fund Direct Growth Plan has a steadier long-term return profile than its benchmark, while the latest 1-year and 3-year numbers remain broadly in line with a conservative debt outcome. Against peers, the recent return is competitive, but the longer-term figures are a touch softer than the stronger available comparisons.

The risk category is Balanced Risk, and the portfolio is anchored by a large cash-linked position plus a mix of certificate of deposit and corporate debt holdings. That makes the fund relevant for investors who want debt exposure with measured return potential and can accept some movement in exchange for a more active credit-and-liquidity mix.

Published on 4 September 2026 at 1:47 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.