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Bandhan Ultra Short Duration Fund - Latest NAV, Returns, Investment Guide 2024

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Invest in Bandhan Ultra Short Duration Fund with low to moderate risk. Latest NAV ₹14.81, AUM ₹3,819 Cr, expense ratio 0.27%. Check returns, fund manager details and investment process.

Investment Objective and Approach

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. Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months.

Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity. The fund follows a conservative approach by investing primarily in high-quality debt instruments with short maturity periods, making it suitable for investors seeking capital preservation with moderate returns.

Key Investment Features:

- As of 31-Jul-2024, Bandhan Ultra Short Term Fund invested 86.01% in Debt and 13.99% in Cash & Cash Eq

- The fund holds NIFTY Ultra Short Duration Debt Index A-I as its benchmark

- The fund is rated Low to Moderate risk

Fund Managers

Harshal Joshi is the current Fund Manager of Bandhan Ultra Short Term Fund Direct Growth. Mr Harshal Joshi has an experience of over 9 years in the Mutual Fund industry. He has worked with IDFC AMC since December 2008 in the Fixed Income Investment segment.

Educational Qualifications and Experience:

- Mr. Joshi is PGDBM from N.L. Dalmia Institute of Management Studies and Research, Mumbai

- He has a Masters's Degree in Commerce and PGDBM (N.L. Dalmia Institute of Management Studies and Research)

- Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) in 2008 he has worked with ICAP India Pvt.

About the Fund House (AMC)

Established in 2000, Bandhan AMC (Erstwhile IDFC AMC) is focused on helping savers become investors and create wealth. Backed by the legacy, goodwill, and inclusiveness that our shareholders, Bandhan Financial Services Limited, ChrysCapital, and GIC (Singapore) represent, we bring together a strong foundation in serving investors through a slew of well-defined products and a deep commitment to empowering communities.

Corporate History:

- Bandhan Mutual Fund was established on December 20, 1999 as a Trust sponsored by Bandhan Financial Holdings Limited. It was in March 2000 when Bandhan AMC Limited, got a green signal from SEBI to commence its mutual fund business and operations as Bandhan Mutual Fund

- Before being named Bandhan Mutual Fund, the AMC was named IDFC Mutual Fund and its parent company was IDFC Ltd. Established in 2000, IDFC Mutual Fund was one of the largest Mutual Fund houses in India

- In April 2022, a consortium including Bandhan Financial Holding (60%), ChrysCapital (20%), and Singapore's sovereign fund GIC (20%) began the process of acquiring IDFC Asset Management Company, after which IDFC Mutual Fund was rebranded as Bandhan Mutual Fund

Market Position:

- It is one of the largest Mutual Fund houses in India's domestic market. In terms of Assets under Management (AUM), it is one of the largest players in the sector

- Bandhan AMC has a seasoned investment team, an on-the-ground presence in over 60 cities, and investors in over 790 cities and towns across the country

- The fund house has 52 primary mutual fund schemes of which, 15 are debt schemes, 12 are equity schemes, 5 are hybrid schemes, and 10 from other categories

We offer a range of prudently constructed investment products – across Mutual Funds, AIF, and PMS platforms with the aim to provide performance consistent with the product's well-defined objectives.

Should I Invest in Bandhan Ultra Short Duration Fund?

This fund is suitable for conservative investors seeking short-term parking of surplus funds with better returns than savings accounts. The fund's low to moderate risk profile makes it appropriate for investors with the following characteristics:

Ideal for:

- Investors looking for short-term investment horizon (3-12 months)

- Those seeking capital preservation with steady returns

- Investors wanting to park emergency funds or surplus cash

- Conservative investors who prefer debt instruments over equity

Key Considerations:

- It has an AUM of ₹3,819.62 Crores and the latest NAV declared is ₹14.812 as on 27 Dec 2024

- The expense ratio of Bandhan Ultra Short Term Fund - Direct Plan is 0.27

- Bandhan Ultra Short Term Fund Direct-Growth scheme return performance in last 1 year is 7.58%, in last 3 years is 20.60% and 48.06% since scheme launch

- The min. SIP amount to invest in this scheme is ₹100

The fund's focus on high-quality debt instruments with short duration makes it relatively less sensitive to interest rate changes compared to longer duration funds, providing stability to the portfolio.

FAQs

What is today's NAV of Bandhan Ultra Short Duration Fund?

The latest NAV declared is ₹14.812 as on 27 Dec 2024. NAV is updated daily after market hours and reflects the current value per unit of the fund.

What is the AUM of Bandhan Ultra Short Duration Fund?

It has an AUM of ₹3,819.62 Crores as on 27 Dec 2024. This represents the total value of assets managed by the fund.

What is the expense ratio of Bandhan Ultra Short Duration Fund?

The expense ratio of Bandhan Ultra Short Term Fund - Direct Plan is 0.27. This is the annual fee charged by the fund house for managing your investment.

What are the returns of Bandhan Ultra Short Duration Fund since inception?

It has delivered 6.23% returns since inception. The fund's performance shows 7.58% returns in the last 1 year and 48.06% since scheme launch.

What is the minimum SIP amount to invest in Bandhan Ultra Short Duration Fund?

The min. SIP amount to invest in this scheme is ₹100. This makes it accessible for small investors to start their investment journey.

How do I invest in Bandhan Ultra Short Duration Fund?

You can invest through Allvest platform online or visit any authorized distributor. Complete your KYC, select the fund, choose investment amount and mode (lump sum or SIP), and submit the required documents.

How to start a SIP in Bandhan Ultra Short Duration Fund?

Log into your Allvest account, select Bandhan Ultra Short Duration Fund, choose SIP option, set the monthly amount (minimum ₹100), select frequency and duration, and authorize auto-debit from your bank account.

How do I automate an SIP in Bandhan Ultra Short Duration Fund?

Set up auto-debit mandate with your bank through Allvest platform. Provide bank details, authorize the mandate, and your SIP will automatically deduct the chosen amount monthly from your account.

How can I withdraw/redeem my investment in Bandhan Ultra Short Duration Fund?

You can redeem through Allvest platform by placing a redemption request online. There is no lock in period in Bandhan Ultra Short Term Fund - Direct Plan, so you can withdraw anytime without exit load.