Bandhan Floating Interest Rates Fund vs DSP Ultra Short to Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Floating Interest Rates Fund is a Floater fund and DSP Ultra Short to Short Term Fund is a Low Duration fund. In the 3 years to 30-10-2026, Bandhan Floating Interest Rates Fund (Direct) returned 7.7% a year and DSP Ultra Short to Short Term Fund (Direct) returned 7.0% a year. Bandhan Floating Interest Rates Fund charges 0.14% a year and DSP Ultra Short to Short Term Fund 0.31% (Direct plans). Their portfolios overlap 10.9%: they hold 7 of the same securities.
Bandhan Floating Interest Rates Fund
Floater
- 3 year return
- 7.7%
- Expense ratio
- 0.14%
- NAV
- ₹14.26
DSP Ultra Short to Short Term Fund
Low Duration
- 3 year return
- 7.0%
- Expense ratio
- 0.31%
- NAV
- ₹22.09
Which is better, Bandhan Floating Interest Rates or DSP Ultra Short to 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.
- Bandhan Floating Interest Rates returned more over 5 years: 6.8% a year against 6.4%.
- Bandhan Floating Interest Rates returned more over 3 years: 7.7% a year against 7.0%.
- Bandhan Floating Interest Rates costs less: 0.14% a year against 0.31% (Direct plans).
- DSP Ultra Short to Short Term swung less over 3 years: a standard deviation of 0.5% a year against 1.0%.
- DSP Ultra Short to Short Term fell less in its worst fall since 22-02-2021: −0.3% against −0.7%.
- DSP Ultra Short to Short Term is the larger fund: ₹4,455 Cr against ₹224 Cr.
- Their portfolios overlap 10.9%: 7 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 | Bandhan Floating Interest Rates Fund | DSP Ultra Short to Short Term Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | DSP Mutual Fund |
| Category | Floater | Low Duration |
| AUM | ₹224 Cr (30-09-2026) | ₹4,455 Cr (30-09-2026) |
| NAV | ₹14.26 (Direct) | ₹22.09 (Direct) |
| Expense ratio (Direct) | 0.14% | 0.31% |
| Expense ratio (Regular) | 0.77% | 0.63% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | NIFTY Medium Duration Debt Index A-III | NIFTY Low Duration Debt Index A-I |
| Launch date | 18-02-2021 | 10-03-2015 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Brijesh Shah, Debraj Lahiri | Karan Mundhra, Shalini Vasanta |
| Exit load | Nil | Nil |
Bandhan Floating Interest Rates vs DSP Ultra Short to 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 |
|---|---|---|---|---|---|---|---|
| Bandhan Floating Interest Rates Fund (Direct) | +0.05% | +0.70% | +3.33% | +5.91% | +7.65% | +6.75% | -- |
| DSP Ultra Short to Short Term Fund (Direct) | +0.10% | +0.97% | +2.78% | +5.47% | +6.98% | +6.42% | +6.70% |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | -- |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
Category average: the average of the 12 Floater funds and the 25 Low Duration funds, same plan type.
Bandhan Floating Interest Rates vs DSP Ultra Short to Short Term: Year-wise Returns
| Year | Bandhan Floating Interest RatesBandhan Floating Interest Rates | DSP Ultra Short to Short TermDSP Ultra Short to Short Term |
|---|---|---|
| 2026to date | +4.96% | +4.51% |
| 2025 | +8.19% | +7.46% |
| 2024 | +8.48% | +7.75% |
| 2023 | +7.27% | +7.24% |
| 2022 | +4.21% | +4.51% |
| 2021 | -- | +3.76% |
Bandhan Floating Interest Rates vs DSP Ultra Short to Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 658 of them, one for each trading day from 22-02-2024 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.
Bandhan Floating Interest Rates Fund (Direct)
DSP Ultra Short to Short Term Fund (Direct)
to
May 2024Oct 2021
to
Oct 2024Apr 2022
to
Apr 2025Sept 2022
to
Sept 2025Mar 2023
to
Mar 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Floating Interest Rates | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.7% | 5.4% | 8.2% |
| DSP Ultra Short to Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.8% | 7.1% | 5.4% | 7.6% |
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 22-02-2021. Past returns do not promise future returns.
Bandhan Floating Interest Rates vs DSP Ultra Short to 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 22-02-2021 to 30-10-2026: 69 instalments, ₹6,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Floating Interest RatesBandhan Floating Interest Rates Fund (Direct) | ₹6,90,000 | ₹8,46,307 | ₹1,56,307 | 7.0% |
| DSP Ultra Short to Short TermDSP Ultra Short to Short Term Fund (Direct) | ₹6,90,000 | ₹8,35,161 | ₹1,45,161 | 6.6% |
Bandhan Floating Interest RatesBandhan Floating Interest Rates Fund (Direct)
DSP Ultra Short to Short TermDSP Ultra Short to 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.
Bandhan Floating Interest Rates vs DSP Ultra Short to Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Floating Interest Rates Fund (Direct) | DSP Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.91% | +5.47% |
| Standard deviation | 1.21% | 0.66% |
| Sharpe ratio | 0.55 | 0.34 |
| Sortino ratio | 0.83 | 0.49 |
| Maximum drawdown | −0.5% (21-05-2026) | −0.3% (21-05-2026) |
| 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 | Bandhan Floating Interest Rates Fund (Direct) | DSP Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.65% | +6.98% |
| Standard deviation | 0.98% | 0.50% |
| Sharpe ratio | 1.66 | 1.90 |
| Sortino ratio | 2.57 | 3.07 |
| Maximum drawdown | −0.5% (21-05-2026) | −0.3% (21-05-2026) |
| 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 | Bandhan Floating Interest Rates Fund (Direct) | DSP Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.42% |
| Standard deviation | 0.86% | 0.47% |
| Sharpe ratio | 1.10 | 1.31 |
| Sortino ratio | 1.64 | 2.03 |
| Maximum drawdown | −0.7% (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 | Bandhan Floating Interest Rates Fund (Direct) | DSP Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.44% | +7.03% |
| Standard deviation | 0.82% | 0.92% |
| Sharpe ratio | 1.15 | 1.54 |
| Sortino ratio | 1.73 | 2.44 |
| Maximum drawdown | −0.7% (06-05-2022) | −1.5% (04-06-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 22-02-2021 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.
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.
Bandhan Floating Interest Rates Fund (Direct)
DSP Ultra Short to Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Floating Interest Rates Fund (Direct) | −0.7% | 02-05-2022 | 06-05-2022 | 27-06-2022 | 52 days | −0.1% |
| DSP Ultra Short to Short Term Fund (Direct) | −0.3% | 02-05-2022 | 06-05-2022 | 10-06-2022 | 35 days | −0.0% |
From daily values since 22-02-2021, 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.
Bandhan Floating Interest Rates Fund (Direct)
DSP Ultra Short to 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.
Bandhan Floating Interest Rates Fund (Direct)
DSP Ultra Short to 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.
Bandhan Floating Interest Rates Fund (Direct)
DSP Ultra Short to Short Term Fund (Direct)
Bandhan Floating Interest Rates vs DSP Ultra Short to Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Floating Interest Rates Fund, September 2026; DSP Ultra Short to Short Term Fund, September 2026
Holdings in common
- Overlap
- 10.9%
- Held by both
- 7
- Only in Bandhan Floating Interest Rates
- 12
- Only in DSP Ultra Short to Short Term
- 87
| Security | % of Bandhan Floating Interest Rates | % of DSP Ultra Short to Short Term |
|---|---|---|
| 7.44% National Bank For Agriculture and Rural Development | 6.68% | 2.92% |
| 7.38% REC Limited | 4.44% | 2.28% |
| HDFC Bank Limited | 2.17% | 1.63% |
| 7.3763% Bajaj Finance Limited | 6.63% | 1.36% |
| 7.53% National Bank For Agriculture and Rural Development | 4.01% | 1.16% |
| 7.02% Bajaj Housing Finance Limited | 8.79% | 1.13% |
| Corporate Debt Market Development Fund Class A2 | 0.55% | 0.41% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.9% means 10.9% 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 Bandhan Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| 7.04% IndiGrid Infrastructure Trust | 8.82% |
| 8.35% Aditya Birla Real Estate Limited | 6.72% |
| 8.25% Tata Projects Limited | 6.71% |
| 8.1% Aadhar Housing Finance Limited | 6.65% |
| 7.42% Small Industries Dev Bank of India | 6.64% |
Largest holdings only in DSP Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| Bharti Telecom Limited | 4.05% |
| 6.38% Maharashtra SDL 25082027 | 3.39% |
| Small Industries Development Bank Of India | 2.88% |
| REC Limited | 2.85% |
| Bajaj Housing Finance Limited | 2.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Floating Interest Rates | DSP Ultra Short to Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 90.5% | 99.3% |
| Cash and others | 9.5% | 0.7% |
Bandhan Floating Interest Rates vs DSP Ultra Short to Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Floating Interest Rates Fund | DSP Ultra Short to Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.14% | 0.31% |
| Base expense ratio (Direct) | 0.12% | 0.25% |
| Total expense ratio (Regular) | 0.77% | 0.63% |
| Base expense ratio (Regular) | 0.67% | 0.52% |
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 Bandhan Floating Interest Rates with
Compare DSP Ultra Short to Short Term with
- DSP Ultra Short to Short Term vs HSBC Ultra Short to Short Term
- DSP Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- DSP Ultra Short to Short Term vs Axis Ultra Short to Short Term
- DSP Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- DSP Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
Bandhan Floating Interest Rates Fund vs DSP Ultra Short to Short Term Fund: Frequently Asked Questions
What is the difference between Bandhan Floating Interest Rates Fund and DSP Ultra Short to Short Term Fund?
Bandhan Floating Interest Rates Fund is a Floater fund, DSP Ultra Short to Short Term Fund is a Low Duration fund, run by Bandhan Mutual Fund and DSP Mutual Fund. Their portfolios overlap 10.9%. Bandhan Floating Interest Rates Fund charges 0.14% a year and DSP Ultra Short to Short Term Fund 0.31%.
Which has given higher returns, Bandhan Floating Interest Rates Fund or DSP Ultra Short to Short Term Fund?
Over 1 year: Bandhan Floating Interest Rates Fund +5.91%, DSP Ultra Short to Short Term Fund +5.47%. Over 3 years: Bandhan Floating Interest Rates Fund +7.65% a year, DSP Ultra Short to Short Term Fund +6.98% a year. Over 5 years: Bandhan Floating Interest Rates Fund +6.75% a year, DSP Ultra Short to Short Term Fund +6.42% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Floating Interest Rates Fund or DSP Ultra Short to Short Term Fund?
Bandhan Floating Interest Rates Fund charges less: 0.14% a year against 0.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Floating Interest Rates Fund and DSP Ultra Short to Short Term Fund overlap?
10.9%. They hold 7 of the same securities, the largest shared ones being 7.44% National Bank For Agriculture and Rural Development, 7.38% REC Limited, HDFC Bank Limited. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Floating Interest Rates Fund or DSP Ultra Short to Short Term Fund?
On SEBI's riskometer, Bandhan Floating Interest Rates Fund is rated Moderate and DSP Ultra Short to Short Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.98% and 0.50% a year.
Which is better for SIP, Bandhan Floating Interest Rates Fund or DSP Ultra Short to Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,33,449 in Bandhan Floating Interest Rates Fund (XIRR 7.2% a year) and ₹7,24,108 in DSP Ultra Short to Short Term Fund (XIRR 6.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Floating Interest Rates Fund and DSP Ultra Short to Short Term Fund?
Yes. 10.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Floating Interest Rates Fund and DSP Ultra Short to Short Term Fund?
Bandhan Floating Interest Rates Fund: Brijesh Shah, Debraj Lahiri. DSP Ultra Short to Short Term Fund: Karan Mundhra, Shalini Vasanta.
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.