Bank of India Ultra Short Term Fund vs Edelweiss Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Ultra Short Term Fund and Edelweiss Ultra Short Term Fund are both Ultra Short funds. Bank of India Ultra Short Term Fund charges 0.42% a year and Edelweiss Ultra Short Term Fund 0.13% (Direct plans). Their portfolios overlap 13.9%: they hold 3 of the same securities.
Bank of India Ultra Short Term Fund
Ultra Short
- Expense ratio
- 0.42%
- NAV
- ₹3,547.71
Edelweiss Ultra Short Term Fund
Ultra Short
- Expense ratio
- 0.13%
- NAV
- ₹1,009.78
Which is better, Bank of India Ultra Short Term or Edelweiss 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.
- Edelweiss Ultra Short Term costs less: 0.13% a year against 0.42% (Direct plans).
- Bank of India Ultra Short Term fell less in its worst fall since 27-08-2026: −0.1% against −0.1%.
- Edelweiss Ultra Short Term is the larger fund: ₹896 Cr against ₹196 Cr.
- Their portfolios overlap 13.9%: 3 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 | Edelweiss Ultra Short Term Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | Edelweiss Mutual Fund |
| Category | Ultra Short | Ultra Short |
| AUM | ₹196 Cr (30-09-2026) | ₹896 Cr (30-09-2026) |
| NAV | ₹3,547.71 (Direct) | ₹1,009.78 (Direct) |
| Expense ratio (Direct) | 0.42% | 0.13% |
| Expense ratio (Regular) | 1.02% | 0.61% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index | CRISIL Ultra Short Duration Debt A-I Index |
| Launch date | 16-07-2008 | 25-08-2026 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Mithraem Bharucha | Rahul Dedhia, Kedar Karnik |
| Exit load | NIL | Nil |
Bank of India Ultra Short Term vs Edelweiss 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% |
| Edelweiss Ultra Short Term Fund (Direct) | +0.31% | -- | -- | -- | -- | -- | -- |
| Ultra Short average | +0.30% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 26 Ultra Short funds, same plan type.
Bank of India Ultra Short Term vs Edelweiss Ultra Short Term: Year-wise Returns
| Year | Bank of IndiaBank of India Ultra Short Term | EdelweissEdelweiss Ultra Short Term |
|---|---|---|
| 2026to date | +5.20% | -- |
| 2025 | +7.00% | -- |
| 2024 | +7.19% | -- |
| 2023 | +6.69% | -- |
| 2022 | +4.56% | -- |
| 2021 | +3.37% | -- |
Bank of India Ultra Short Term vs Edelweiss Ultra Short Term: Rolling Returns
Every holding period of both funds
Bank of India Ultra Short Term vs Edelweiss 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) | Edelweiss Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.24% | +5.38% |
| Standard deviation | 0.53% | 0.51% |
| Sharpe ratio | 2.27 | 0.20 |
| Sortino ratio | 3.94 | 0.27 |
| Maximum drawdown | −0.8% (24-03-2020) | −0.1% (22-10-2026) |
| 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)
Edelweiss 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) | −0.1% | 13-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
| Edelweiss Ultra Short Term Fund (Direct) | −0.1% | 19-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
From daily values since 27-08-2026, the first day every fund has.
Bank of India Ultra Short Term vs Edelweiss Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Ultra Short Term Fund, September 2026; Edelweiss Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 13.9%
- Held by both
- 3
- Only in Bank of India Ultra Short Term
- 21
- Only in Edelweiss Ultra Short Term
- 19
| Security | % of Bank of India Ultra Short Term | % of Edelweiss Ultra Short Term |
|---|---|---|
| Axis Bank Limited (12/02/2027) | 4.98% | 5.45% |
| HDFC Bank Limited (24/02/2027) | 4.97% | 5.43% |
| Punjab National Bank (12/03/2027) | 3.96% | 5.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.9% means 13.9% 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 Bank of India Ultra Short Term Fund
| Security | % of fund |
|---|---|
| Union Bank of India (12/03/2027) | 7.43% |
| 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% |
Largest holdings only in Edelweiss Ultra Short Term Fund
| Security | % of fund |
|---|---|
| 182 DAYS TBILL RED 25-03-2027 | 8.14% |
| CANARA BANK CD RED 11-03-2027 | 8.12% |
| 7.71% REC LTD SR 230A NCD RED 26-02-2027 | 7.82% |
| 7.80% NABARD NCD SR 24E RED 15-03-2027 | 5.59% |
| 7.90% LIC HSG FIN TR421 NCD R 23-06-2027 | 5.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Ultra Short Term | Edelweiss Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 94.5% | 101.4% |
| Cash and others | 5.5% | -1.4% |
Bank of India Ultra Short Term vs Edelweiss 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 | Edelweiss Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.42% | 0.13% |
| Base expense ratio (Direct) | 0.34% | 0.10% |
| Total expense ratio (Regular) | 1.02% | 0.61% |
| Base expense ratio (Regular) | 0.85% | 0.51% |
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
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Compare Edelweiss Ultra Short Term with
Bank of India Ultra Short Term Fund vs Edelweiss Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Bank of India Ultra Short Term Fund and Edelweiss Ultra Short Term Fund?
Both are Ultra Short funds, run by Bank of India Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 13.9%. Bank of India Ultra Short Term Fund charges 0.42% a year and Edelweiss Ultra Short Term Fund 0.13%.
Which has the lower expense ratio, Bank of India Ultra Short Term Fund or Edelweiss Ultra Short Term Fund?
Edelweiss Ultra Short Term Fund charges less: 0.13% 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 Edelweiss Ultra Short Term Fund overlap?
13.9%. They hold 3 of the same securities, the largest shared ones being Axis Bank Limited (12/02/2027), HDFC Bank Limited (24/02/2027), Punjab National Bank (12/03/2027). From each fund's latest monthly portfolio.
Which is riskier, Bank of India Ultra Short Term Fund or Edelweiss Ultra Short Term Fund?
On SEBI's riskometer, Bank of India Ultra Short Term Fund is rated Low to Moderate and Edelweiss Ultra Short Term Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 0.53% and 0.51% a year.
Can I invest in both Bank of India Ultra Short Term Fund and Edelweiss Ultra Short Term Fund?
Yes. 13.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bank of India Ultra Short Term Fund and Edelweiss Ultra Short Term Fund?
Bank of India Ultra Short Term Fund: Mithraem Bharucha. Edelweiss Ultra Short Term Fund: Rahul Dedhia, Kedar Karnik.
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.