Bandhan Ultra Short to Short Term Fund vs Kotak Ultra Short to Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Ultra Short to Short Term Fund and Kotak Ultra Short to Short Term Fund are both Low Duration funds. In the 3 years to 30-10-2026, Bandhan Ultra Short to Short Term Fund (Direct) returned 7.0% a year and Kotak Ultra Short to Short Term Fund (Direct) returned 7.3% a year. Bandhan Ultra Short to Short Term Fund charges 0.38% a year and Kotak Ultra Short to Short Term Fund 0.41% (Direct plans). Their portfolios overlap 7.0%: they hold 8 of the same securities.
Bandhan Ultra Short to Short Term Fund
Low Duration
- 3 year return
- 7.0%
- Expense ratio
- 0.38%
- NAV
- ₹42.72
Kotak Ultra Short to Short Term Fund
Low Duration
- 3 year return
- 7.3%
- Expense ratio
- 0.41%
- NAV
- ₹3,948.32
Which is better, Bandhan Ultra Short to Short Term or Kotak 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.
- Kotak Ultra Short to Short Term returned more over 5 years: 6.7% a year against 6.4%.
- Kotak Ultra Short to Short Term returned more over 3 years: 7.3% a year against 7.0%.
- Bandhan Ultra Short to Short Term costs less: 0.38% a year against 0.41% (Direct plans).
- Bandhan Ultra Short to Short Term swung less over 3 years: a standard deviation of 0.5% a year against 0.5%.
- Bandhan Ultra Short to Short Term fell less in its worst fall since 02-02-2015: −1.2% against −1.5%.
- Kotak Ultra Short to Short Term is the larger fund: ₹12,566 Cr against ₹6,342 Cr.
- Their portfolios overlap 7.0%: 8 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 Ultra Short to Short Term Fund | Kotak Ultra Short to Short Term Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Low Duration | Low Duration |
| AUM | ₹6,342 Cr (30-09-2026) | ₹12,566 Cr (30-09-2026) |
| NAV | ₹42.72 (Direct) | ₹3,948.32 (Direct) |
| Expense ratio (Direct) | 0.38% | 0.41% |
| Expense ratio (Regular) | 0.69% | 1.18% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | NIFTY Low Duration Debt Index A-I | NIFTY Low Duration Debt Index A-I |
| Launch date | 17-01-2006 | 06-03-2008 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Harshal Joshi | Dharmesh Thakkar, Deepak Agrawal |
| Exit load | Nil | Nil |
Bandhan Ultra Short to Short Term vs Kotak 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 Ultra Short to Short Term Fund (Direct) | +0.22% | +1.15% | +3.00% | +5.73% | +7.03% | +6.39% | +6.66% |
| Kotak Ultra Short to Short Term Fund (Direct) | +0.13% | +0.98% | +2.86% | +5.73% | +7.33% | +6.70% | +7.25% |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | +6.58% | +6.73% |
Category average: the average of the 25 Low Duration funds, same plan type.
Bandhan Ultra Short to Short Term vs Kotak Ultra Short to Short Term: Year-wise Returns
| Year | BandhanBandhan Ultra Short to Short Term | KotakKotak Ultra Short to Short Term |
|---|---|---|
| 2026to date | +4.74% | +4.74% |
| 2025 | +7.49% | +7.86% |
| 2024 | +7.59% | +8.19% |
| 2023 | +7.21% | +7.49% |
| 2022 | +4.30% | +4.68% |
| 2021 | +3.71% | +4.26% |
Bandhan Ultra Short to Short Term vs Kotak Ultra Short to Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,122 of them, one for each trading day from 02-02-2018 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 Ultra Short to Short Term Fund (Direct)
Kotak Ultra Short to Short Term Fund (Direct)
to
Oct 2018Apr 2017
to
Apr 2020Oct 2018
to
Oct 2021Mar 2020
to
Mar 2023Sept 2021
to
Sept 2024Feb 2023
to
Feb 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 Ultra Short to Short Term | 0.0 | 8.9 | 91.1 | 0.0 | 0.0 | 0.0 | 0.0 | 6.8% | 7.2% | 4.7% | 8.3% |
| Kotak Ultra Short to Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.8% | 5.4% | 9.2% |
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 02-02-2015. Past returns do not promise future returns.
Bandhan Ultra Short to Short Term vs Kotak 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 02-02-2015 to 30-10-2026: 141 instalments, ₹14,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Ultra Short to Short TermBandhan Ultra Short to Short Term Fund (Direct) | ₹14,10,000 | ₹21,06,235 | ₹6,96,235 | 6.6% |
| Kotak Ultra Short to Short TermKotak Ultra Short to Short Term Fund (Direct) | ₹14,10,000 | ₹21,78,147 | ₹7,68,147 | 7.1% |
Bandhan Ultra Short to Short TermBandhan Ultra Short to Short Term Fund (Direct)
Kotak Ultra Short to Short TermKotak 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 Ultra Short to Short Term vs Kotak 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 Ultra Short to Short Term Fund (Direct) | Kotak Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.73% | +5.73% |
| Standard deviation | 0.63% | 0.63% |
| Sharpe ratio | 0.77 | 0.77 |
| Sortino ratio | 1.14 | 1.16 |
| Maximum drawdown | −0.2% (21-05-2026) | −0.2% (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 Ultra Short to Short Term Fund (Direct) | Kotak Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.03% | +7.33% |
| Standard deviation | 0.49% | 0.51% |
| Sharpe ratio | 2.07 | 2.53 |
| Sortino ratio | 3.43 | 4.37 |
| Maximum drawdown | −0.2% (21-05-2026) | −0.2% (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 Ultra Short to Short Term Fund (Direct) | Kotak Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.39% | +6.70% |
| Standard deviation | 0.51% | 0.53% |
| Sharpe ratio | 1.17 | 1.69 |
| Sortino ratio | 1.73 | 2.52 |
| Maximum drawdown | −0.5% (06-05-2022) | −0.6% (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 Ultra Short to Short Term Fund (Direct) | Kotak Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.38% | +7.62% |
| Standard deviation | 0.68% | 0.77% |
| Sharpe ratio | 1.97 | 2.59 |
| Sortino ratio | 3.50 | 4.49 |
| Maximum drawdown | −1.2% (24-03-2020) | −1.5% (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.
Bandhan Ultra Short to Short Term Fund (Direct)
Kotak 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 Ultra Short to Short Term Fund (Direct) | −1.2% | 09-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| Kotak Ultra Short to Short Term Fund (Direct) | −1.5% | 06-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | −0.0% |
From daily values since 02-02-2015, 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 Ultra Short to Short Term Fund (Direct)
Kotak 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 Ultra Short to Short Term Fund (Direct)
Kotak 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 Ultra Short to Short Term Fund (Direct)
Kotak Ultra Short to Short Term Fund (Direct)
Bandhan Ultra Short to Short Term vs Kotak Ultra Short to Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Ultra Short to Short Term Fund, September 2026; Kotak Ultra Short to Short Term Fund, September 2026
Holdings in common
- Overlap
- 7.0%
- Held by both
- 8
- Only in Bandhan Ultra Short to Short Term
- 71
- Only in Kotak Ultra Short to Short Term
- 95
| Security | % of Bandhan Ultra Short to Short Term | % of Kotak Ultra Short to Short Term |
|---|---|---|
| HDFC Bank Limited | 2.46% | 2.52% |
| Punjab National Bank | 1.46% | 3.11% |
| HDFC Bank Limited | 1.16% | 2.34% |
| 7.7951% Bajaj Finance Limited | 0.71% | 1.59% |
| HDFC Bank Limited | 4.63% | 0.39% |
| Canara Bank | 1.54% | 0.39% |
| Corporate Debt Market Development Fund Class A2 | 0.33% | 0.35% |
| Axis Bank Limited | 0.77% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 7.0% means 7.0% 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 Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| 7.45% Power Finance Corporation Limited | 5.26% |
| 91 Days Tbill (MD 01/10/2026) | 4.65% |
| 8.1% Tata Capital Housing Finance Limited | 4.34% |
| 7.83% Bajaj Housing Finance Limited | 4.29% |
| 91 Days Tbill (MD 08/10/2026) | 3.94% |
Largest holdings only in Kotak Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| Karnataka State Govt - 2031 - Karnataka(^) | 3.93% |
| PUNJAB NATIONAL BANK | 3.87% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 3.78% |
| JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) (^) | 3.44% |
| BAJAJ HOUSING FINANCE LTD.(^) | 3.16% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Ultra Short to Short Term | Kotak Ultra Short to Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 92.5% | 98.1% |
| Cash and others | 7.5% | 1.9% |
Bandhan Ultra Short to Short Term vs Kotak Ultra Short to Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Ultra Short to Short Term Fund | Kotak Ultra Short to Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.38% | 0.41% |
| Base expense ratio (Direct) | 0.29% | 0.35% |
| Total expense ratio (Regular) | 0.69% | 1.18% |
| Base expense ratio (Regular) | 0.56% | 1.00% |
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 Ultra Short to Short Term with
Compare Kotak Ultra Short to Short Term with
Bandhan Ultra Short to Short Term Fund vs Kotak Ultra Short to Short Term Fund: Frequently Asked Questions
What is the difference between Bandhan Ultra Short to Short Term Fund and Kotak Ultra Short to Short Term Fund?
Both are Low Duration funds, run by Bandhan Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 7.0%. Bandhan Ultra Short to Short Term Fund charges 0.38% a year and Kotak Ultra Short to Short Term Fund 0.41%.
Which has given higher returns, Bandhan Ultra Short to Short Term Fund or Kotak Ultra Short to Short Term Fund?
Over 1 year: Bandhan Ultra Short to Short Term Fund +5.73%, Kotak Ultra Short to Short Term Fund +5.73%. Over 3 years: Bandhan Ultra Short to Short Term Fund +7.03% a year, Kotak Ultra Short to Short Term Fund +7.33% a year. Over 5 years: Bandhan Ultra Short to Short Term Fund +6.39% a year, Kotak Ultra Short to Short Term Fund +6.70% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Ultra Short to Short Term Fund or Kotak Ultra Short to Short Term Fund?
Bandhan Ultra Short to Short Term Fund charges less: 0.38% a year against 0.41%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Ultra Short to Short Term Fund and Kotak Ultra Short to Short Term Fund overlap?
7.0%. They hold 8 of the same securities, the largest shared ones being HDFC Bank Limited, Punjab National Bank, HDFC Bank Limited. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Ultra Short to Short Term Fund or Kotak Ultra Short to Short Term Fund?
On SEBI's riskometer, Bandhan Ultra Short to Short Term Fund is rated Low to Moderate and Kotak Ultra Short to Short Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.49% and 0.51% a year.
Which is better for SIP, Bandhan Ultra Short to Short Term Fund or Kotak 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 ₹7,24,947 in Bandhan Ultra Short to Short Term Fund (XIRR 6.7% a year) and ₹7,30,431 in Kotak Ultra Short to Short Term Fund (XIRR 7.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Ultra Short to Short Term Fund and Kotak Ultra Short to Short Term Fund?
Yes. 7.0% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Bandhan Ultra Short to Short Term Fund and Kotak Ultra Short to Short Term Fund?
Bandhan Ultra Short to Short Term Fund: Harshal Joshi. Kotak Ultra Short to Short Term Fund: Dharmesh Thakkar, Deepak 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.