Bajaj Finserv Money Market Fund vs Baroda BNP Paribas Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Money Market Fund is a Money Market fund and Baroda BNP Paribas Ultra Short Term Fund is an Ultra Short fund. In the 3 years to 30-10-2026, Bajaj Finserv Money Market Fund (Direct) returned 7.3% a year and Baroda BNP Paribas Ultra Short Term Fund (Direct) returned 7.1% a year. Bajaj Finserv Money Market Fund charges 0.13% a year and Baroda BNP Paribas Ultra Short Term Fund 0.29% (Direct plans). Their portfolios overlap 15.4%: they hold 10 of the same securities.
Bajaj Finserv Money Market Fund
Money Market
- 3 year return
- 7.3%
- Expense ratio
- 0.13%
- NAV
- ₹1,262.56
Baroda BNP Paribas Ultra Short Term Fund
Ultra Short
- 3 year return
- 7.1%
- Expense ratio
- 0.29%
- NAV
- ₹1,697.73
Which is better, Bajaj Finserv Money Market or Baroda BNP Paribas 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.
- Bajaj Finserv Money Market returned more over 3 years: 7.3% a year against 7.1%.
- Baroda BNP Paribas Ultra Short Term returned more over 1 year: 6.4% against 6.3%.
- Bajaj Finserv Money Market costs less: 0.13% a year against 0.29% (Direct plans).
- Baroda BNP Paribas Ultra Short Term swung less over 3 years: a standard deviation of 0.4% a year against 0.4%.
- Baroda BNP Paribas Ultra Short Term fell less in its worst fall since 26-07-2023: −0.1% against −0.1%.
- Bajaj Finserv Money Market is the larger fund: ₹3,973 Cr against ₹596 Cr.
- Their portfolios overlap 15.4%: 10 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 | Bajaj Finserv Money Market Fund | Baroda BNP Paribas Ultra Short Term Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Baroda BNP Paribas Mutual Fund |
| Category | Money Market | Ultra Short |
| AUM | ₹3,973 Cr (30-09-2026) | ₹596 Cr (30-09-2026) |
| NAV | ₹1,262.56 (Direct) | ₹1,697.73 (Direct) |
| Expense ratio (Direct) | 0.13% | 0.29% |
| Expense ratio (Regular) | 0.78% | 0.44% |
| Riskometer | Low to Moderate | Not available |
| Benchmark | NIFTY Money Market Index A-I | Not available |
| Launch date | 24-07-2023 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Siddharth Chaudhary, Nimesh Chandan | Not available |
| Exit load | Nil | Not available |
Bajaj Finserv Money Market vs Baroda BNP Paribas 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Money Market Fund (Direct) | +0.31% | +1.46% | +3.27% | +6.32% | +7.29% | -- | -- |
| Baroda BNP Paribas Ultra Short Term Fund (Direct) | +0.31% | +1.46% | +3.25% | +6.38% | +7.14% | +6.68% | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | +7.24% | -- | -- |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | +6.82% | +6.27% | -- |
Category average: the average of the 27 Money Market funds and the 26 Ultra Short funds, same plan type.
Bajaj Finserv Money Market vs Baroda BNP Paribas Ultra Short Term: Year-wise Returns
| Year | Bajaj Finserv Money MarketBajaj Finserv Money Market | Baroda BNP Paribas Ultra Short TermBaroda BNP Paribas Ultra Short Term |
|---|---|---|
| 2026to date | +5.26% | +5.33% |
| 2025 | +7.58% | +7.20% |
| 2024 | +7.79% | +7.68% |
| 2023 | -- | +7.40% |
| 2022 | -- | +5.06% |
| 2021 | -- | +3.90% |
Bajaj Finserv Money Market vs Baroda BNP Paribas Ultra Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 64 of them, one for each trading day from 27-07-2026 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.
Bajaj Finserv Money Market Fund (Direct)
Baroda BNP Paribas Ultra Short Term Fund (Direct)
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Money Market | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.4% | 7.4% | 7.3% | 7.5% |
| Baroda BNP Paribas Ultra Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.2% | 7.1% | 7.3% |
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 26-07-2023. Past returns do not promise future returns.
Bajaj Finserv Money Market vs Baroda BNP Paribas 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 26-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv Money MarketBajaj Finserv Money Market Fund (Direct) | ₹4,00,000 | ₹4,49,966 | ₹49,966 | 7.0% |
| Baroda BNP Paribas Ultra Short TermBaroda BNP Paribas Ultra Short Term Fund (Direct) | ₹4,00,000 | ₹4,49,145 | ₹49,145 | 6.9% |
Bajaj Finserv Money MarketBajaj Finserv Money Market Fund (Direct)
Baroda BNP Paribas Ultra Short TermBaroda BNP Paribas 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.
Bajaj Finserv Money Market vs Baroda BNP Paribas Ultra Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Money Market Fund (Direct) | Baroda BNP Paribas Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.32% | +6.38% |
| Standard deviation | 0.50% | 0.43% |
| Sharpe ratio | 2.15 | 2.64 |
| Sortino ratio | 3.44 | 4.49 |
| Maximum drawdown | −0.1% (21-05-2026) | −0.1% (22-10-2026) |
| 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 | Bajaj Finserv Money Market Fund (Direct) | Baroda BNP Paribas Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.29% | +7.14% |
| Standard deviation | 0.42% | 0.37% |
| Sharpe ratio | 3.05 | 3.05 |
| Sortino ratio | 5.71 | 6.06 |
| Maximum drawdown | −0.1% (21-05-2026) | −0.1% (22-10-2026) |
| 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 | Bajaj Finserv Money Market Fund (Direct) | Baroda BNP Paribas Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.37% | +6.49% |
| Standard deviation | 0.45% | 0.51% |
| Sharpe ratio | 2.86 | 2.35 |
| Sortino ratio | 5.91 | 4.61 |
| Maximum drawdown | −0.1% (21-05-2026) | −1.0% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 26-07-2023 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.
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.
Bajaj Finserv Money Market Fund (Direct)
Baroda BNP Paribas Ultra Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Money Market Fund (Direct) | −0.1% | 11-05-2026 | 21-05-2026 | 29-05-2026 | 8 days | 0.0% |
| Baroda BNP Paribas Ultra Short Term Fund (Direct) | −0.1% | 13-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
From daily values since 26-07-2023, 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.
Bajaj Finserv Money Market Fund (Direct)
Baroda BNP Paribas 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.
Bajaj Finserv Money Market Fund (Direct)
Baroda BNP Paribas Ultra Short Term Fund (Direct)
Bajaj Finserv Money Market vs Baroda BNP Paribas Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Money Market Fund, September 2026; Baroda BNP Paribas Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 15.4%
- Held by both
- 10
- Only in Bajaj Finserv Money Market
- 53
- Only in Baroda BNP Paribas Ultra Short Term
- 21
| Security | % of Bajaj Finserv Money Market | % of Baroda BNP Paribas Ultra Short Term |
|---|---|---|
| ICICI Bank Limited (12/02/2027) | 2.46% | 4.09% |
| Canara Bank (12/02/2027) | 2.46% | 4.09% |
| Punjab National Bank (04/03/2027) | 2.45% | 2.44% |
| HDFC Bank Limited (24/02/2027) | 2.45% | 1.96% |
| Punjab National Bank (04/02/2027) | 1.23% | 4.10% |
| LIC Housing Finance Limited (11/03/2027) | 1.22% | 2.44% |
| ICICI Bank Limited (08/03/2027) | 1.22% | 4.07% |
| Union Bank of India (12/03/2027) | 1.22% | 5.70% |
| National Bank For Agriculture and Rural Development (17/02/2027) | 3.68% | 0.82% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.39% | 0.58% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.4% means 15.4% 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 Bajaj Finserv Money Market Fund
| Security | % of fund |
|---|---|
| Indian Bank (05/02/2027) | 3.07% |
| Birla Group Holdings Private Limited (08/01/2027) | 2.47% |
| Kotak Mahindra Bank Limited (12/02/2027) | 2.46% |
| Indian Bank (09/02/2027) | 2.46% |
| Bank of Baroda (25/01/2027) | 2.46% |
Largest holdings only in Baroda BNP Paribas Ultra Short Term Fund
| Security | % of fund |
|---|---|
| IndusInd Bank Limited (27/01/2027) | 4.92% |
| 8.1% Tata Capital Housing Finance Limited (19/02/2027) | 4.20% |
| 8.28% PNB Housing Finance Limited (30/12/2026) | 4.20% |
| 7.75% Power Finance Corporation Limited (22/03/2027) | 4.20% |
| Small Industries Dev Bank of India (10/11/2026) | 4.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Money Market | Baroda BNP Paribas Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 93.2% | 91.4% |
| Cash and others | 6.8% | 8.6% |
Bajaj Finserv Money Market vs Baroda BNP Paribas Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Money Market Fund | Baroda BNP Paribas Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.13% | 0.29% |
| Base expense ratio (Direct) | 0.10% | 0.24% |
| Total expense ratio (Regular) | 0.78% | 0.44% |
| Base expense ratio (Regular) | 0.65% | 0.37% |
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 Bajaj Finserv Money Market with
Compare Baroda BNP Paribas Ultra Short Term with
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- Baroda BNP Paribas Ultra Short Term vs Axis Ultra Short Term fund
- Baroda BNP Paribas Ultra Short Term vs Mirae Asset Ultra Short-Term
- Baroda BNP Paribas Ultra Short Term vs ICICI Prudential Ultra Short Term
Bajaj Finserv Money Market Fund vs Baroda BNP Paribas Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Money Market Fund and Baroda BNP Paribas Ultra Short Term Fund?
Bajaj Finserv Money Market Fund is a Money Market fund, Baroda BNP Paribas Ultra Short Term Fund is an Ultra Short fund, run by Bajaj Finserv Mutual Fund and Baroda BNP Paribas Mutual Fund. Their portfolios overlap 15.4%. Bajaj Finserv Money Market Fund charges 0.13% a year and Baroda BNP Paribas Ultra Short Term Fund 0.29%.
Which has given higher returns, Bajaj Finserv Money Market Fund or Baroda BNP Paribas Ultra Short Term Fund?
Over 1 year: Bajaj Finserv Money Market Fund +6.32%, Baroda BNP Paribas Ultra Short Term Fund +6.38%. Over 3 years: Bajaj Finserv Money Market Fund +7.29% a year, Baroda BNP Paribas Ultra Short Term Fund +7.14% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Money Market Fund or Baroda BNP Paribas Ultra Short Term Fund?
Bajaj Finserv Money Market Fund charges less: 0.13% a year against 0.29%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Money Market Fund and Baroda BNP Paribas Ultra Short Term Fund overlap?
15.4%. They hold 10 of the same securities, the largest shared ones being ICICI Bank Limited (12/02/2027), Canara Bank (12/02/2027), Punjab National Bank (04/03/2027). From each fund's latest monthly portfolio.
Which is better for SIP, Bajaj Finserv Money Market Fund or Baroda BNP Paribas Ultra Short Term Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,12,311 in Bajaj Finserv Money Market Fund (XIRR 7.0% a year) and ₹4,11,622 in Baroda BNP Paribas Ultra Short Term Fund (XIRR 6.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bajaj Finserv Money Market Fund and Baroda BNP Paribas Ultra Short Term Fund?
Yes. 15.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.