Bank of India Ultra Short Term Fund vs Baroda BNP Paribas Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Ultra Short Term Fund and Baroda BNP Paribas Ultra Short Term Fund are both Ultra Short funds. In the 3 years to 30-10-2026, Bank of India Ultra Short Term Fund (Direct) returned 6.8% a year and Baroda BNP Paribas Ultra Short Term Fund (Direct) returned 7.1% a year. Bank of India Ultra Short Term Fund charges 0.42% a year and Baroda BNP Paribas Ultra Short Term Fund 0.29% (Direct plans). Their portfolios overlap 11.2%: they hold 4 of the same securities.
Bank of India Ultra Short Term Fund
Ultra Short
- 3 year return
- 6.8%
- Expense ratio
- 0.42%
- NAV
- ₹3,547.71
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, Bank of India Ultra Short Term 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.
- Baroda BNP Paribas Ultra Short Term returned more over 5 years: 6.7% a year against 6.3%.
- Baroda BNP Paribas Ultra Short Term returned more over 3 years: 7.1% a year against 6.8%.
- Baroda BNP Paribas Ultra Short Term costs less: 0.29% a year against 0.42% (Direct plans).
- Baroda BNP Paribas Ultra Short Term swung less over 3 years: a standard deviation of 0.4% a year against 0.4%.
- Bank of India Ultra Short Term fell less in its worst fall since 04-06-2018: −0.8% against −1.0%.
- Baroda BNP Paribas Ultra Short Term is the larger fund: ₹596 Cr against ₹196 Cr.
- Their portfolios overlap 11.2%: 4 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 | Bank of India Ultra Short Term Fund | Baroda BNP Paribas Ultra Short Term Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | Baroda BNP Paribas Mutual Fund |
| Category | Ultra Short | Ultra Short |
| AUM | ₹196 Cr (30-09-2026) | ₹596 Cr (30-09-2026) |
| NAV | ₹3,547.71 (Direct) | ₹1,697.73 (Direct) |
| Expense ratio (Direct) | 0.42% | 0.29% |
| Expense ratio (Regular) | 1.02% | 0.44% |
| Riskometer | Low to Moderate | Not available |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index | Not available |
| Launch date | 16-07-2008 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Mithraem Bharucha | Not available |
| Exit load | NIL | Not available |
Bank of India Ultra Short Term 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 |
|---|---|---|---|---|---|---|---|
| Bank of India Ultra Short Term Fund (Direct) | +0.29% | +1.36% | +3.08% | +6.24% | +6.83% | +6.26% | +6.43% |
| Baroda BNP Paribas Ultra Short Term Fund (Direct) | +0.31% | +1.46% | +3.25% | +6.38% | +7.14% | +6.68% | -- |
| 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.
Bank of India Ultra Short Term vs Baroda BNP Paribas Ultra Short Term: Year-wise Returns
| Year | Bank of IndiaBank of India Ultra Short Term | Baroda BNP ParibasBaroda BNP Paribas Ultra Short Term |
|---|---|---|
| 2026to date | +5.20% | +5.33% |
| 2025 | +7.00% | +7.20% |
| 2024 | +7.19% | +7.68% |
| 2023 | +6.69% | +7.40% |
| 2022 | +4.56% | +5.06% |
| 2021 | +3.37% | +3.90% |
Bank of India Ultra Short Term vs Baroda BNP Paribas Ultra Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,310 of them, one for each trading day from 04-06-2021 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.
Bank of India Ultra Short Term Fund (Direct)
Baroda BNP Paribas Ultra Short Term Fund (Direct)
to
Nov 2021Oct 2019
to
Oct 2022Sept 2020
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Ultra Short Term | 0.0 | 33.4 | 66.6 | 0.0 | 0.0 | 0.0 | 0.0 | 5.7% | 5.6% | 4.3% | 7.0% |
| Baroda BNP Paribas Ultra Short Term | 0.0 | 21.8 | 78.2 | 0.0 | 0.0 | 0.0 | 0.0 | 6.1% | 6.1% | 4.7% | 7.5% |
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 04-06-2018. Past returns do not promise future returns.
Bank of India Ultra Short Term 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 01-06-2018 to 30-10-2026: 101 instalments, ₹10,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bank of India Ultra Short TermBank of India Ultra Short Term Fund (Direct) | ₹10,10,000 | ₹13,13,900 | ₹3,03,900 | 6.1% |
| Baroda BNP Paribas Ultra Short TermBaroda BNP Paribas Ultra Short Term Fund (Direct) | ₹10,10,000 | ₹13,34,700 | ₹3,24,700 | 6.5% |
Bank of India Ultra Short TermBank of India Ultra Short Term 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.
Bank of India Ultra Short Term 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 | Bank of India Ultra Short Term Fund (Direct) | Baroda BNP Paribas Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.24% | +6.38% |
| Standard deviation | 0.47% | 0.43% |
| Sharpe ratio | 2.12 | 2.64 |
| Sortino ratio | 3.82 | 4.49 |
| Maximum drawdown | −0.1% (22-10-2026) | −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 | Bank of India Ultra Short Term Fund (Direct) | Baroda BNP Paribas Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.83% | +7.14% |
| Standard deviation | 0.38% | 0.37% |
| Sharpe ratio | 2.15 | 3.05 |
| Sortino ratio | 4.12 | 6.06 |
| Maximum drawdown | −0.1% (22-10-2026) | −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 | Bank of India Ultra Short Term Fund (Direct) | Baroda BNP Paribas Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.26% | +6.68% |
| Standard deviation | 0.36% | 0.36% |
| Sharpe ratio | 1.29 | 2.41 |
| Sortino ratio | 2.23 | 4.26 |
| Maximum drawdown | −0.2% (06-05-2022) | −0.3% (13-05-2022) |
| 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 | Bank of India Ultra Short Term Fund (Direct) | Baroda BNP Paribas Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.24% | +6.49% |
| Standard deviation | 0.53% | 0.51% |
| Sharpe ratio | 2.27 | 2.35 |
| Sortino ratio | 3.94 | 4.61 |
| Maximum drawdown | −0.8% (24-03-2020) | −1.0% (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.
Bank of India Ultra Short Term 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 |
|---|---|---|---|---|---|---|
| Bank of India Ultra Short Term Fund (Direct) | −0.8% | 11-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
| Baroda BNP Paribas Ultra Short Term Fund (Direct) | −1.0% | 06-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | 0.0% |
From daily values since 04-06-2018, 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.
Bank of India Ultra Short Term 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.
Bank of India Ultra Short Term 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 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Ultra Short Term Fund (Direct)
Baroda BNP Paribas Ultra Short Term Fund (Direct)
Bank of India Ultra Short Term vs Baroda BNP Paribas Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Ultra Short Term Fund, September 2026; Baroda BNP Paribas Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 11.2%
- Held by both
- 4
- Only in Bank of India Ultra Short Term
- 20
- Only in Baroda BNP Paribas Ultra Short Term
- 27
| Security | % of Bank of India Ultra Short Term | % of Baroda BNP Paribas Ultra Short Term |
|---|---|---|
| Union Bank of India (12/03/2027) | 7.43% | 5.70% |
| Axis Bank Limited (12/02/2027) | 4.98% | 3.27% |
| HDFC Bank Limited (24/02/2027) | 4.97% | 1.96% |
| Corporate Debt Market Development Fund | 0.26% | 0.58% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.2% means 11.2% 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 Bank of India Ultra Short Term Fund
| Security | % of fund |
|---|---|
| 6.27% Power Finance Corporation Limited (15/07/2027) | 7.08% |
| Kotak Mahindra Bank Limited (21/12/2026) | 7.05% |
| 7.59% REC Limited (31/05/2027) | 6.12% |
| National Bank For Agriculture and Rural Development (17/03/2027) | 5.44% |
| Bank of Baroda (11/12/2026) | 5.05% |
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 | Bank of India Ultra Short Term | Baroda BNP Paribas Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 94.5% | 91.4% |
| Cash and others | 5.5% | 8.6% |
Bank of India Ultra Short Term vs Baroda BNP Paribas Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Ultra Short Term Fund | Baroda BNP Paribas Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.42% | 0.29% |
| Base expense ratio (Direct) | 0.34% | 0.24% |
| Total expense ratio (Regular) | 1.02% | 0.44% |
| Base expense ratio (Regular) | 0.85% | 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 Bank of India Ultra Short Term with
- Bank of India Ultra Short Term vs Tata Ultra Short Term
- Bank of India Ultra Short Term vs Aditya Birla Sun Life Ultra Short Term
- Bank of India Ultra Short Term vs Axis Ultra Short Term fund
- Bank of India Ultra Short Term vs Mirae Asset Ultra Short-Term
- Bank of India Ultra Short Term vs ICICI Prudential Ultra Short Term
Compare Baroda BNP Paribas Ultra Short Term with
- Baroda BNP Paribas Ultra Short Term vs Tata Ultra Short Term
- Baroda BNP Paribas Ultra Short Term vs Aditya Birla Sun Life Ultra Short Term
- 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
Bank of India Ultra Short Term Fund vs Baroda BNP Paribas Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Bank of India Ultra Short Term Fund and Baroda BNP Paribas Ultra Short Term Fund?
Both are Ultra Short funds, run by Bank of India Mutual Fund and Baroda BNP Paribas Mutual Fund. Their portfolios overlap 11.2%. Bank of India Ultra Short Term Fund charges 0.42% a year and Baroda BNP Paribas Ultra Short Term Fund 0.29%.
Which has given higher returns, Bank of India Ultra Short Term Fund or Baroda BNP Paribas Ultra Short Term Fund?
Over 1 year: Bank of India Ultra Short Term Fund +6.24%, Baroda BNP Paribas Ultra Short Term Fund +6.38%. Over 3 years: Bank of India Ultra Short Term Fund +6.83% a year, Baroda BNP Paribas Ultra Short Term Fund +7.14% a year. Over 5 years: Bank of India Ultra Short Term Fund +6.26% a year, Baroda BNP Paribas Ultra Short Term Fund +6.68% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bank of India Ultra Short Term Fund or Baroda BNP Paribas Ultra Short Term Fund?
Baroda BNP Paribas Ultra Short Term Fund charges less: 0.29% a year against 0.42%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Ultra Short Term Fund and Baroda BNP Paribas Ultra Short Term Fund overlap?
11.2%. They hold 4 of the same securities, the largest shared ones being Union Bank of India (12/03/2027), Axis Bank Limited (12/02/2027), HDFC Bank Limited (24/02/2027). From each fund's latest monthly portfolio.
Which is better for SIP, Bank of India Ultra Short Term Fund or Baroda BNP Paribas 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 ₹7,22,840 in Bank of India Ultra Short Term Fund (XIRR 6.6% a year) and ₹7,29,155 in Baroda BNP Paribas Ultra Short Term Fund (XIRR 7.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bank of India Ultra Short Term Fund and Baroda BNP Paribas Ultra Short Term Fund?
Yes. 11.2% 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.