Aditya Birla Sun Life Ultra Short Term Fund vs Bandhan Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Ultra Short Term Fund and Bandhan Ultra Short Term Fund are both Ultra Short funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life Ultra Short Term Fund (Direct) returned 7.4% a year and Bandhan Ultra Short Term Fund (Direct) returned 7.1% a year. Aditya Birla Sun Life Ultra Short Term Fund charges 0.32% a year and Bandhan Ultra Short Term Fund 0.30% (Direct plans). Their portfolios overlap 6.8%: they hold 14 of the same securities.
Aditya Birla Sun Life Ultra Short Term Fund
Ultra Short
- 3 year return
- 7.4%
- Expense ratio
- 0.32%
- NAV
- ₹607.54
Bandhan Ultra Short Term Fund
Ultra Short
- 3 year return
- 7.1%
- Expense ratio
- 0.30%
- NAV
- ₹16.73
Which is better, Aditya Birla Sun Life Ultra Short Term or Bandhan Ultra Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Ultra Short Term returned more over 5 years: 6.8% a year against 6.5%.
- Aditya Birla Sun Life Ultra Short Term returned more over 3 years: 7.4% a year against 7.1%.
- Bandhan Ultra Short Term costs less: 0.30% a year against 0.32% (Direct plans).
- Bandhan Ultra Short Term swung less over 3 years: a standard deviation of 0.4% a year against 0.4%.
- Bandhan Ultra Short Term fell less in its worst fall since 19-07-2018: −0.9% against −1.2%.
- Aditya Birla Sun Life Ultra Short Term is the larger fund: ₹16,279 Cr against ₹4,098 Cr.
- Their portfolios overlap 6.8%: 14 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Ultra Short Term Fund | Bandhan Ultra Short Term Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Bandhan Mutual Fund |
| Category | Ultra Short | Ultra Short |
| AUM | ₹16,279 Cr (30-09-2026) | ₹4,098 Cr (30-09-2026) |
| NAV | ₹607.54 (Direct) | ₹16.73 (Direct) |
| Expense ratio (Direct) | 0.32% | 0.30% |
| Expense ratio (Regular) | 0.58% | 0.49% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | NIFTY Ultra Short Duration Debt Index A-I | NIFTY Ultra Short Duration Debt Index A-I |
| Launch date | 15-04-2003 | 18-07-2018 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Kaustubh Gupta, Sunaina Da Cunha, Monika Gandhi | Harshal Joshi |
| Exit load | Nil | Nil |
Aditya Birla Sun Life Ultra Short Term vs Bandhan Ultra Short Term: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Ultra Short Term Fund (Direct) | +0.35% | +1.46% | +3.25% | +6.36% | +7.41% | +6.80% | +6.95% |
| Bandhan Ultra Short Term Fund (Direct) | +0.33% | +1.44% | +3.20% | +6.31% | +7.08% | +6.50% | -- |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | +6.82% | +6.27% | -- |
Category average: the average of the 26 Ultra Short funds, same plan type.
Aditya Birla Sun Life Ultra Short Term vs Bandhan Ultra Short Term: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Ultra Short Term | BandhanBandhan Ultra Short Term |
|---|---|---|
| 2026to date | +5.27% | +5.26% |
| 2025 | +7.64% | +7.15% |
| 2024 | +8.08% | +7.64% |
| 2023 | +7.39% | +7.21% |
| 2022 | +4.94% | +4.59% |
| 2021 | +4.06% | +3.46% |
Aditya Birla Sun Life Ultra Short Term vs Bandhan Ultra Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,281 of them, one for each trading day from 19-07-2021 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Ultra Short Term Fund (Direct)
Bandhan Ultra Short Term Fund (Direct)
to
Dec 2021Nov 2019
to
Nov 2022Oct 2020
to
Oct 2023Aug 2021
to
Aug 2024Jul 2022
to
Jul 2025May 2023
to
May 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Ultra Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.4% | 5.2% | 7.8% |
| Bandhan Ultra Short Term | 0.0 | 28.5 | 71.5 | 0.0 | 0.0 | 0.0 | 0.0 | 6.0% | 5.9% | 4.5% | 7.4% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 19-07-2018. Past returns do not promise future returns.
Aditya Birla Sun Life Ultra Short Term vs Bandhan Ultra Short Term: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-07-2018 to 30-10-2026: 100 instalments, ₹10,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Ultra Short TermAditya Birla Sun Life Ultra Short Term Fund (Direct) | ₹10,00,000 | ₹13,34,080 | ₹3,34,080 | 6.8% |
| Bandhan Ultra Short TermBandhan Ultra Short Term Fund (Direct) | ₹10,00,000 | ₹13,11,304 | ₹3,11,304 | 6.4% |
Aditya Birla Sun Life Ultra Short TermAditya Birla Sun Life Ultra Short Term Fund (Direct)
Bandhan Ultra Short TermBandhan Ultra Short Term Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Ultra Short Term vs Bandhan Ultra Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Ultra Short Term Fund (Direct) | Bandhan Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.36% | +6.31% |
| Standard deviation | 0.50% | 0.44% |
| Sharpe ratio | 2.24 | 2.41 |
| Sortino ratio | 3.54 | 3.98 |
| Maximum drawdown | −0.1% (21-05-2026) | −0.1% (22-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Ultra Short Term Fund (Direct) | Bandhan Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.41% | +7.08% |
| Standard deviation | 0.42% | 0.37% |
| Sharpe ratio | 3.30 | 2.89 |
| Sortino ratio | 6.20 | 5.48 |
| Maximum drawdown | −0.1% (21-05-2026) | −0.1% (22-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Ultra Short Term Fund (Direct) | Bandhan Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.80% | +6.50% |
| Standard deviation | 0.41% | 0.36% |
| Sharpe ratio | 2.42 | 1.93 |
| Sortino ratio | 4.02 | 3.29 |
| Maximum drawdown | −0.3% (06-05-2022) | −0.3% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Ultra Short Term Fund (Direct) | Bandhan Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.65% | +6.40% |
| Standard deviation | 0.63% | 0.51% |
| Sharpe ratio | 2.54 | 2.20 |
| Sortino ratio | 4.49 | 4.43 |
| Maximum drawdown | −1.2% (24-03-2020) | −0.9% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Ultra Short Term Fund (Direct)
Bandhan Ultra Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Ultra Short Term Fund (Direct) | −1.2% | 05-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| Bandhan Ultra Short Term Fund (Direct) | −0.9% | 11-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
From daily values since 19-07-2018, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Ultra Short Term Fund (Direct)
Bandhan Ultra Short Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Ultra Short Term Fund (Direct)
Bandhan Ultra Short Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Ultra Short Term Fund (Direct)
Bandhan Ultra Short Term Fund (Direct)
Aditya Birla Sun Life Ultra Short Term vs Bandhan Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Ultra Short Term Fund, September 2026; Bandhan Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 6.8%
- Held by both
- 14
- Only in Aditya Birla Sun Life Ultra Short Term
- 123
- Only in Bandhan Ultra Short Term
- 55
| Security | % of Aditya Birla Sun Life Ultra Short Term | % of Bandhan Ultra Short Term |
|---|---|---|
| Bank of Baroda (25/01/2027) | 0.90% | 1.79% |
| Bank of Baroda (03/02/2027) | 0.90% | 1.19% |
| Small Industries Development Bank of India (14/01/2027) | 0.75% | 1.20% |
| Axis Bank Ltd. (14/01/2027) | 0.69% | 1.20% |
| 8.05% Muthoot Finance Ltd. (25/11/2027) | 1.98% | 0.61% |
| Bank of Baroda (11/01/2027) | 0.60% | 1.20% |
| Canara Bank (02/02/2027) | 0.75% | 0.60% |
| Axis Bank Ltd. (13/01/2027) | 0.45% | 1.80% |
| Corporate Debt Mkt Devp. Fund-A2 | 0.42% | 0.33% |
| National Bank for Agriculture and Rural Development (22/01/2027) | 0.30% | 5.38% |
| 7.69% LIC Housing Finance Ltd. (11/12/2026) | 0.31% | 0.17% |
| 6.37% REC Ltd. (31/03/2027) | 0.15% | 1.21% |
| Canara Bank (28/01/2027) | 0.15% | 5.97% |
| HDFC Bank Ltd. (15/02/2027) | 0.15% | 1.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 6.8% means 6.8% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Ultra Short Term Fund
| Security | % of fund |
|---|---|
| National Bank for Agriculture and Rural Development (17/02/2027) | 5.99% |
| National Bank for Agriculture and Rural Development (18/03/2027) | 4.55% |
| IndusInd Bank Ltd. (14/12/2026) | 4.39% |
| 8.90% Shriram Finance Ltd. (02/09/2027) | 3.25% |
| 9.45% Vedanta Ltd. (05/06/2028) | 2.76% |
Largest holdings only in Bandhan Ultra Short Term Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 6.57% |
| 7.79% Small Industries Dev Bank of India | 4.89% |
| 91 Days Tbill (MD 01/10/2026) | 4.88% |
| 8.1% Tata Capital Housing Finance Limited | 4.77% |
| National Bank For Agriculture and Rural Development | 4.19% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Ultra Short Term | Bandhan Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 101.9% | 95.5% |
| Cash and others | -1.9% | 4.5% |
Aditya Birla Sun Life Ultra Short Term vs Bandhan Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Ultra Short Term Fund | Bandhan Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.32% | 0.30% |
| Base expense ratio (Direct) | 0.27% | 0.23% |
| Total expense ratio (Regular) | 0.58% | 0.49% |
| Base expense ratio (Regular) | 0.50% | 0.39% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Ultra Short Term with
Aditya Birla Sun Life Ultra Short Term Fund vs Bandhan Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Ultra Short Term Fund and Bandhan Ultra Short Term Fund?
Both are Ultra Short funds, run by Aditya Birla Sun Life Mutual Fund and Bandhan Mutual Fund. Their portfolios overlap 6.8%. Aditya Birla Sun Life Ultra Short Term Fund charges 0.32% a year and Bandhan Ultra Short Term Fund 0.30%.
Which has given higher returns, Aditya Birla Sun Life Ultra Short Term Fund or Bandhan Ultra Short Term Fund?
Over 1 year: Aditya Birla Sun Life Ultra Short Term Fund +6.36%, Bandhan Ultra Short Term Fund +6.31%. Over 3 years: Aditya Birla Sun Life Ultra Short Term Fund +7.41% a year, Bandhan Ultra Short Term Fund +7.08% a year. Over 5 years: Aditya Birla Sun Life Ultra Short Term Fund +6.80% a year, Bandhan Ultra Short Term Fund +6.50% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Ultra Short Term Fund or Bandhan Ultra Short Term Fund?
Bandhan Ultra Short Term Fund charges less: 0.30% a year against 0.32%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Ultra Short Term Fund and Bandhan Ultra Short Term Fund overlap?
6.8%. They hold 14 of the same securities, the largest shared ones being Bank of Baroda (25/01/2027), Bank of Baroda (03/02/2027), Small Industries Development Bank of India (14/01/2027). From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Ultra Short Term Fund or Bandhan Ultra Short Term Fund?
On SEBI's riskometer, Aditya Birla Sun Life Ultra Short Term Fund is rated Moderate and Bandhan Ultra Short Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.42% and 0.37% a year.
Which is better for SIP, Aditya Birla Sun Life Ultra Short Term Fund or Bandhan Ultra Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,32,464 in Aditya Birla Sun Life Ultra Short Term Fund (XIRR 7.1% a year) and ₹7,27,156 in Bandhan Ultra Short Term Fund (XIRR 6.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Ultra Short Term Fund and Bandhan Ultra Short Term Fund?
Yes. 6.8% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Aditya Birla Sun Life Ultra Short Term Fund and Bandhan Ultra Short Term Fund?
Aditya Birla Sun Life Ultra Short Term Fund: Kaustubh Gupta, Sunaina Da Cunha, Monika Gandhi. Bandhan Ultra Short Term Fund: Harshal Joshi.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.