Baroda BNP Paribas Ultra Short Term Fund vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Ultra Short Term Fund is an Ultra Short fund and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund is an Index fund. In the year to 30-10-2026, Baroda BNP Paribas Ultra Short Term Fund (Direct) returned 6.4% and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) returned 6.5%. Baroda BNP Paribas Ultra Short Term Fund charges 0.29% a year and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund 0.12% (Direct plans). Their portfolios overlap 12.3%: they hold 4 of the same securities.
Baroda BNP Paribas Ultra Short Term Fund
Ultra Short
- 1 year return
- 6.4%
- Expense ratio
- 0.29%
- NAV
- ₹1,697.73
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund
Index
- 1 year return
- 6.5%
- Expense ratio
- 0.12%
- NAV
- ₹11.16
Which is better, Baroda BNP Paribas Ultra Short Term or Kotak CRISIL IBX Financial Services 3 6 Months Debt Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak CRISIL IBX Financial Services 3 6 Months Debt Index returned more over 1 year: 6.5% against 6.4%.
- Kotak CRISIL IBX Financial Services 3 6 Months Debt Index costs less: 0.12% a year against 0.29% (Direct plans).
- Baroda BNP Paribas Ultra Short Term fell less in its worst fall since 11-03-2025: −0.1% against −0.1%.
- Baroda BNP Paribas Ultra Short Term is the larger fund: ₹596 Cr against ₹236 Cr.
- Their portfolios overlap 12.3%: 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 | Baroda BNP Paribas Ultra Short Term Fund | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Ultra Short | Index |
| AUM | ₹596 Cr (30-09-2026) | ₹236 Cr (30-09-2026) |
| NAV | ₹1,697.73 (Direct) | ₹11.16 (Direct) |
| Expense ratio (Direct) | 0.29% | 0.12% |
| Expense ratio (Regular) | 0.44% | 0.36% |
| Riskometer | Not available | Low to Moderate |
| Benchmark | Not available | CRISIL-IBX Financial Services 3-6 Months Debt Index |
| Launch date | Not available | 07-03-2025 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Manu Sharma |
| Exit load | Not available | NIL |
Baroda BNP Paribas Ultra Short Term vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: 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 |
|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Ultra Short Term Fund (Direct) | +0.31% | +1.46% | +3.25% | +6.38% | +7.14% | +6.68% | -- |
| Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) | +0.28% | +1.39% | +3.20% | +6.50% | -- | -- | -- |
| 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.
Baroda BNP Paribas Ultra Short Term vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: Year-wise Returns
| Year | Baroda BNP Paribas Ultra Short TermBaroda BNP Paribas Ultra Short Term | Kotak CRISIL IBX Financial Services 3 6 Months Debt IndexKotak CRISIL IBX Financial Services 3 6 Months Debt Index |
|---|---|---|
| 2026to date | +5.33% | +5.40% |
| 2025 | +7.20% | -- |
| 2024 | +7.68% | -- |
| 2023 | +7.40% | -- |
| 2022 | +5.06% | -- |
| 2021 | +3.90% | -- |
Baroda BNP Paribas Ultra Short Term vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 154 of them, one for each trading day from 11-03-2026 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.
Baroda BNP Paribas Ultra Short Term Fund (Direct)
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct)
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Ultra Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.5% | 6.1% | 6.8% |
| Kotak CRISIL IBX Financial Services 3 6 Months Debt Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.7% | 6.3% | 7.0% |
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 11-03-2025. Past returns do not promise future returns.
Baroda BNP Paribas Ultra Short Term vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: 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 03-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas Ultra Short TermBaroda BNP Paribas Ultra Short Term Fund (Direct) | ₹2,00,000 | ₹2,11,299 | ₹11,299 | 6.5% |
| Kotak CRISIL IBX Financial Services 3 6 Months Debt IndexKotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) | ₹2,00,000 | ₹2,11,372 | ₹11,372 | 6.5% |
Baroda BNP Paribas Ultra Short TermBaroda BNP Paribas Ultra Short Term Fund (Direct)
Kotak CRISIL IBX Financial Services 3 6 Months Debt IndexKotak CRISIL IBX Financial Services 3 6 Months Debt Index 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.
Baroda BNP Paribas Ultra Short Term vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Ultra Short Term Fund (Direct) | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.38% | +6.50% |
| Standard deviation | 0.43% | 0.45% |
| Sharpe ratio | 2.64 | 2.78 |
| Sortino ratio | 4.49 | 4.44 |
| 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 | Baroda BNP Paribas Ultra Short Term Fund (Direct) | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.49% | +6.85% |
| Standard deviation | 0.51% | 0.41% |
| Sharpe ratio | 2.35 | 3.42 |
| Sortino ratio | 4.61 | 5.97 |
| Maximum drawdown | −1.0% (24-03-2020) | −0.1% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 04-06-2018 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.
Baroda BNP Paribas Ultra Short Term Fund (Direct)
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Ultra Short Term Fund (Direct) | −0.1% | 13-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
| Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct) | −0.1% | 14-10-2026 | 22-10-2026 | 29-10-2026 | 7 days | 0.0% |
From daily values since 11-03-2025, 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.
Baroda BNP Paribas Ultra Short Term Fund (Direct)
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund (Direct)
Baroda BNP Paribas Ultra Short Term vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Ultra Short Term Fund, September 2026; Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund, September 2026
Holdings in common
- Overlap
- 12.3%
- Held by both
- 4
- Only in Baroda BNP Paribas Ultra Short Term
- 27
- Only in Kotak CRISIL IBX Financial Services 3 6 Months Debt Index
- 13
| Security | % of Baroda BNP Paribas Ultra Short Term | % of Kotak CRISIL IBX Financial Services 3 6 Months Debt Index |
|---|---|---|
| Union Bank of India (12/03/2027) | 5.70% | 6.16% |
| LIC Housing Finance Limited (11/03/2027) | 2.44% | 10.26% |
| 7.75% Power Finance Corporation Limited (22/03/2027) | 4.20% | 2.12% |
| ICICI Bank Limited (08/03/2027) | 4.07% | 2.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.3% means 12.3% 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 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% |
| Small Industries Dev Bank of India (10/11/2026) | 4.16% |
| 8.05% Muthoot Finance Limited (25/11/2027) | 4.16% |
Largest holdings only in Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund
| Security | % of fund |
|---|---|
| ADITYA BIRLA CAPITAL LTD | 10.30% |
| HDFC BANK LTD. | 10.26% |
| PUNJAB NATIONAL BANK | 10.26% |
| Export-Import Bank of India | 10.26% |
| BAJAJ HOUSING FINANCE LTD. | 10.25% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Ultra Short Term | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 91.4% | 97.5% |
| Cash and others | 8.6% | 2.5% |
Baroda BNP Paribas Ultra Short Term vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Ultra Short Term Fund | Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.29% | 0.12% |
| Base expense ratio (Direct) | 0.24% | 0.10% |
| Total expense ratio (Regular) | 0.44% | 0.36% |
| Base expense ratio (Regular) | 0.37% | 0.30% |
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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Baroda BNP Paribas Ultra Short Term Fund vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Ultra Short Term Fund and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
Baroda BNP Paribas Ultra Short Term Fund is an Ultra Short fund, Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund is an Index fund, run by Baroda BNP Paribas Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 12.3%. Baroda BNP Paribas Ultra Short Term Fund charges 0.29% a year and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund 0.12%.
Which has given higher returns, Baroda BNP Paribas Ultra Short Term Fund or Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
Over 1 year: Baroda BNP Paribas Ultra Short Term Fund +6.38%, Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund +6.50%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Ultra Short Term Fund or Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund charges less: 0.12% a year against 0.29%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Ultra Short Term Fund and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund overlap?
12.3%. They hold 4 of the same securities, the largest shared ones being Union Bank of India (12/03/2027), LIC Housing Finance Limited (11/03/2027), 7.75% Power Finance Corporation Limited (22/03/2027). From each fund's latest monthly portfolio.
Can I invest in both Baroda BNP Paribas Ultra Short Term Fund and Kotak CRISIL IBX Financial Services 3 6 Months Debt Index Fund?
Yes. 12.3% 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.