Bandhan Short Term Fund vs HDFC Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Short Term Fund and HDFC Short Term Fund are both Short Duration funds. In the 3 years to 30-10-2026, Bandhan Short Term Fund (Direct) returned 7.6% a year and HDFC Short Term Fund (Direct) returned 7.2% a year. Bandhan Short Term Fund charges 0.39% a year and HDFC Short Term Fund 0.39% (Direct plans). Their portfolios overlap 6.6%: they hold 12 of the same securities.
Bandhan Short Term Fund
Short Duration
- 3 year return
- 7.6%
- Expense ratio
- 0.39%
- NAV
- ₹65.95
HDFC Short Term Fund
Short Duration
- 3 year return
- 7.2%
- Expense ratio
- 0.39%
- NAV
- ₹35.30
Which is better, Bandhan Short Term or HDFC 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 Short Term returned more over 5 years: 6.5% a year against 6.5%.
- Bandhan Short Term returned more over 3 years: 7.6% a year against 7.2%.
- HDFC Short Term swung less over 3 years: a standard deviation of 0.9% a year against 1.0%.
- Bandhan Short Term fell less in its worst fall since 03-01-2013: −2.5% against −2.7%.
- HDFC Short Term is the larger fund: ₹14,219 Cr against ₹8,680 Cr.
- Their portfolios overlap 6.6%: 12 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 Short Term Fund | HDFC Short Term Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | HDFC Mutual Fund |
| Category | Short Duration | Short Duration |
| AUM | ₹8,680 Cr (30-09-2026) | ₹14,219 Cr (30-09-2026) |
| NAV | ₹65.95 (Direct) | ₹35.30 (Direct) |
| Expense ratio (Direct) | 0.39% | 0.39% |
| Expense ratio (Regular) | 0.87% | 0.67% |
| Riskometer | Low to Moderate | Moderate |
| Benchmark | NIFTY Short Duration Debt Index A-II | CRISIL Short Duration Debt A-II Index |
| Launch date | 13-12-2000 | 25-06-2010 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Suyash Choudhary | Anil Bamboli, Gopal Agrawal |
| Exit load | Nil | NIL |
Bandhan Short Term vs HDFC 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 Short Term Fund (Direct) | +0.04% | +0.72% | +3.17% | +5.54% | +7.64% | +6.48% | +7.08% |
| HDFC Short Term Fund (Direct) | −0.26% | +0.03% | +2.26% | +4.26% | +7.22% | +6.46% | +7.24% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
Category average: the average of the 25 Short Duration funds, same plan type.
Bandhan Short Term vs HDFC Short Term: Year-wise Returns
| Year | BandhanBandhan Short Term | HDFCHDFC Short Term |
|---|---|---|
| 2026to date | +4.69% | +3.43% |
| 2025 | +7.98% | +8.19% |
| 2024 | +8.36% | +8.51% |
| 2023 | +7.41% | +7.59% |
| 2022 | +3.28% | +3.98% |
| 2021 | +3.88% | +4.40% |
Bandhan Short Term vs HDFC Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,627 of them, one for each trading day from 04-01-2016 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 Short Term Fund (Direct)
HDFC Short Term Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Short Term | 0.0 | 5.2 | 93.0 | 1.8 | 0.0 | 0.0 | 0.0 | 7.7% | 7.9% | 4.5% | 10.5% |
| HDFC Short Term | 0.0 | 0.0 | 98.4 | 1.6 | 0.0 | 0.0 | 0.0 | 7.9% | 7.9% | 5.2% | 10.6% |
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 03-01-2013. Past returns do not promise future returns.
Bandhan Short Term vs HDFC 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 03-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Short TermBandhan Short Term Fund (Direct) | ₹16,60,000 | ₹28,05,491 | ₹11,45,491 | 7.2% |
| HDFC Short TermHDFC Short Term Fund (Direct) | ₹16,60,000 | ₹28,28,048 | ₹11,68,048 | 7.3% |
Bandhan Short TermBandhan Short Term Fund (Direct)
HDFC Short TermHDFC 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 Short Term vs HDFC Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Short Term Fund (Direct) | HDFC Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.54% | +4.26% |
| Standard deviation | 1.11% | 1.16% |
| Sharpe ratio | 0.27 | -0.85 |
| Sortino ratio | 0.41 | -1.13 |
| Maximum drawdown | −0.4% (21-05-2026) | −0.6% (23-10-2026) |
| 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 | Bandhan Short Term Fund (Direct) | HDFC Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.64% | +7.22% |
| Standard deviation | 1.00% | 0.92% |
| Sharpe ratio | 1.61 | 1.29 |
| Sortino ratio | 2.54 | 1.91 |
| Maximum drawdown | −0.6% (26-08-2025) | −0.6% (23-10-2026) |
| 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 | Bandhan Short Term Fund (Direct) | HDFC Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.48% | +6.46% |
| Standard deviation | 1.20% | 0.92% |
| Sharpe ratio | 0.56 | 0.72 |
| Sortino ratio | 0.79 | 0.99 |
| Maximum drawdown | −1.8% (06-05-2022) | −0.9% (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 Short Term Fund (Direct) | HDFC Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.72% | +7.83% |
| Standard deviation | 1.42% | 1.31% |
| Sharpe ratio | 1.18 | 1.36 |
| Sortino ratio | 1.87 | 2.08 |
| Maximum drawdown | −2.5% (24-03-2020) | −2.7% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-01-2013 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.
Bandhan Short Term Fund (Direct)
HDFC Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Short Term Fund (Direct) | −2.5% | 06-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | −0.1% |
| HDFC Short Term Fund (Direct) | −2.7% | 06-03-2020 | 24-03-2020 | 31-03-2020 | 7 days | −0.5% |
From daily values since 03-01-2013, 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 Short Term Fund (Direct)
HDFC 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 Short Term Fund (Direct)
HDFC 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 Short Term Fund (Direct)
HDFC Short Term Fund (Direct)
Bandhan Short Term vs HDFC Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Short Term Fund, September 2026; HDFC Short Term Fund, September 2026
Holdings in common
- Overlap
- 6.6%
- Held by both
- 12
- Only in Bandhan Short Term
- 70
- Only in HDFC Short Term
- 129
| Security | % of Bandhan Short Term | % of HDFC Short Term |
|---|---|---|
| 7.83% Bajaj Housing Finance Limited | 2.28% | 1.57% |
| 8.3% REC Limited | 2.16% | 0.93% |
| 7.75% Sundaram Finance Limited | 1.72% | 0.70% |
| 7.46% Indian Railway Finance Corporation Limited | 1.15% | 0.59% |
| 7.58% REC Limited | 0.57% | 0.52% |
| Bank of Baroda | 0.84% | 0.51% |
| 7.1% Bajaj Housing Finance Limited | 0.85% | 0.40% |
| Corporate Debt Market Development Fund Class A2 | 0.37% | 0.37% |
| 7.8% Tata Capital Housing Finance Limited | 2.88% | 0.29% |
| 7.53% National Bank For Agriculture and Rural Development | 0.29% | 1.05% |
| Bank of Baroda | 0.28% | 0.34% |
| 7.53% Bajaj Housing Finance Limited | 1.02% | 0.17% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 6.6% means 6.6% 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 Short Term Fund
| Security | % of fund |
|---|---|
| Small Industries Dev Bank of India | 4.64% |
| 7.48% National Bank For Agriculture and Rural Development | 4.58% |
| Canara Bank | 4.00% |
| HDFC Bank Limited | 3.95% |
| 7.07% Bajaj Finance Limited | 3.10% |
Largest holdings only in HDFC Short Term Fund
| Security | % of fund |
|---|---|
| Jubilant Beverages Limited | 3.03% |
| JTPM Metal Traders Limited | 2.73% |
| Jamnagar Utilities & Power Pvt. Limited | 2.46% |
| Shivshakti Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 2.35% |
| National Bank for Agri & Rural Dev. | 2.22% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Short Term | HDFC Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 86.8% | 94.2% |
| Cash and others | 13.2% | 5.8% |
Bandhan Short Term vs HDFC Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Short Term Fund | HDFC Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.39% | 0.39% |
| Base expense ratio (Direct) | 0.31% | 0.33% |
| Total expense ratio (Regular) | 0.87% | 0.67% |
| Base expense ratio (Regular) | 0.72% | 0.57% |
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 Short Term with
Bandhan Short Term Fund vs HDFC Short Term Fund: Frequently Asked Questions
What is the difference between Bandhan Short Term Fund and HDFC Short Term Fund?
Both are Short Duration funds, run by Bandhan Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 6.6%. Bandhan Short Term Fund charges 0.39% a year and HDFC Short Term Fund 0.39%.
Which has given higher returns, Bandhan Short Term Fund or HDFC Short Term Fund?
Over 1 year: Bandhan Short Term Fund +5.54%, HDFC Short Term Fund +4.26%. Over 3 years: Bandhan Short Term Fund +7.64% a year, HDFC Short Term Fund +7.22% a year. Over 5 years: Bandhan Short Term Fund +6.48% a year, HDFC Short Term Fund +6.46% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Short Term Fund or HDFC Short Term Fund?
Both charge 0.39% a year.
How much do Bandhan Short Term Fund and HDFC Short Term Fund overlap?
6.6%. They hold 12 of the same securities, the largest shared ones being 7.83% Bajaj Housing Finance Limited, 8.3% REC Limited, 7.75% Sundaram Finance Limited. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Short Term Fund or HDFC Short Term Fund?
On SEBI's riskometer, Bandhan Short Term Fund is rated Low to Moderate and HDFC Short Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.00% and 0.92% a year.
Which is better for SIP, Bandhan Short Term Fund or HDFC Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,29,545 in Bandhan Short Term Fund (XIRR 7.0% a year) and ₹7,24,115 in HDFC 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 Short Term Fund and HDFC Short Term Fund?
Yes. 6.6% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Bandhan Short Term Fund and HDFC Short Term Fund?
Bandhan Short Term Fund: Suyash Choudhary. HDFC Short Term Fund: Anil Bamboli, Gopal Agrawal.
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.