Baroda BNP Paribas Ultra Short to Short Term Fund vs ITI Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Ultra Short to Short Term Fund is a Low Duration fund and ITI Ultra Short Term Fund is an Ultra Short fund. In the 3 years to 30-10-2026, Baroda BNP Paribas Ultra Short to Short Term Fund (Direct) returned 7.2% a year and ITI Ultra Short Term Fund (Direct) returned 7.0% a year. Baroda BNP Paribas Ultra Short to Short Term Fund charges 0.29% a year and ITI Ultra Short Term Fund 0.21% (Direct plans). Their portfolios overlap 16.3%: they hold 5 of the same securities.
Baroda BNP Paribas Ultra Short to Short Term Fund
Low Duration
- 3 year return
- 7.2%
- Expense ratio
- 0.29%
- NAV
- ₹47.60
ITI Ultra Short Term Fund
Ultra Short
- 3 year return
- 7.0%
- Expense ratio
- 0.21%
- NAV
- ₹1,388.36
Which is better, Baroda BNP Paribas Ultra Short to Short Term or ITI 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 to Short Term returned more over 3 years: 7.2% a year against 7.0%.
- ITI Ultra Short Term returned more over 1 year: 6.3% against 6.0%.
- ITI Ultra Short Term costs less: 0.21% a year against 0.29% (Direct plans).
- ITI Ultra Short Term swung less over 3 years: a standard deviation of 0.3% a year against 0.5%.
- ITI Ultra Short Term fell less in its worst fall since 14-03-2022: −0.2% against −0.6%.
- Baroda BNP Paribas Ultra Short to Short Term is the larger fund: ₹330 Cr against ₹167 Cr.
- Their portfolios overlap 16.3%: 5 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 to Short Term Fund | ITI Ultra Short Term Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | ITI Mutual Fund |
| Category | Low Duration | Ultra Short |
| AUM | ₹330 Cr (30-09-2026) | ₹167 Cr (30-09-2026) |
| NAV | ₹47.60 (Direct) | ₹1,388.36 (Direct) |
| Expense ratio (Direct) | 0.29% | 0.21% |
| Expense ratio (Regular) | 1.05% | 0.91% |
| Riskometer | Not available | Low to Moderate |
| Benchmark | Not available | CRISIL Ultra Short Duration Debt A-I Index |
| Launch date | Not available | 05-05-2021 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Laukik Bagwe |
| Exit load | Not available | Nil |
Baroda BNP Paribas Ultra Short to Short Term vs ITI 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 |
|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Ultra Short to Short Term Fund (Direct) | +0.24% | +1.23% | +3.09% | +6.00% | +7.24% | -- | -- |
| ITI Ultra Short Term Fund (Direct) | +0.33% | +1.39% | +3.06% | +6.26% | +6.99% | +6.43% | -- |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | -- | -- |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | +6.82% | +6.27% | -- |
Category average: the average of the 25 Low Duration funds and the 26 Ultra Short funds, same plan type.
Baroda BNP Paribas Ultra Short to Short Term vs ITI Ultra Short Term: Year-wise Returns
| Year | Baroda BNP Paribas Ultra Short toBaroda BNP Paribas Ultra Short to Short Term | ITI UltraITI Ultra Short Term |
|---|---|---|
| 2026to date | +4.95% | +5.20% |
| 2025 | +7.72% | +6.98% |
| 2024 | +7.81% | +7.49% |
| 2023 | +7.50% | +7.18% |
| 2022 | -- | +4.65% |
Baroda BNP Paribas Ultra Short to Short Term vs ITI Ultra Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 393 of them, one for each trading day from 17-03-2025 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 to Short Term Fund (Direct)
ITI Ultra Short Term Fund (Direct)
to
May 2025Aug 2022
to
Aug 2025Nov 2022
to
Nov 2025Mar 2023
to
Mar 2026Jun 2023
to
Jun 2026Sept 2023
to
Sept 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 to Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.6% | 6.8% | 7.8% |
| ITI Ultra Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.1% | 7.2% | 6.7% | 7.3% |
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 14-03-2022. Past returns do not promise future returns.
Baroda BNP Paribas Ultra Short to Short Term vs ITI 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 14-03-2022 to 30-10-2026: 56 instalments, ₹5,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas Ultra Short to Short TermBaroda BNP Paribas Ultra Short to Short Term Fund (Direct) | ₹5,60,000 | ₹6,60,690 | ₹1,00,690 | 7.0% |
| ITI Ultra Short TermITI Ultra Short Term Fund (Direct) | ₹5,60,000 | ₹6,57,449 | ₹97,449 | 6.8% |
Baroda BNP Paribas Ultra Short to Short TermBaroda BNP Paribas Ultra Short to Short Term Fund (Direct)
ITI Ultra Short TermITI 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.
Baroda BNP Paribas Ultra Short to Short Term vs ITI Ultra Short Term: 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 to Short Term Fund (Direct) | ITI Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.00% | +6.26% |
| Standard deviation | 0.57% | 0.38% |
| Sharpe ratio | 1.31 | 2.64 |
| Sortino ratio | 2.03 | 4.48 |
| Maximum drawdown | −0.2% (21-05-2026) | −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 to Short Term Fund (Direct) | ITI Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.24% | +6.99% |
| Standard deviation | 0.47% | 0.35% |
| Sharpe ratio | 2.57 | 2.79 |
| Sortino ratio | 4.56 | 5.56 |
| Maximum drawdown | −0.2% (21-05-2026) | −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 | Baroda BNP Paribas Ultra Short to Short Term Fund (Direct) | ITI Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.82% | +6.16% |
| Standard deviation | 0.50% | 0.33% |
| Sharpe ratio | 1.68 | 1.80 |
| Sortino ratio | 2.47 | 3.28 |
| Maximum drawdown | −0.6% (06-05-2022) | −0.2% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 14-03-2022 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 to Short Term Fund (Direct)
ITI Ultra Short Term 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 to Short Term Fund (Direct) | −0.6% | 02-05-2022 | 06-05-2022 | 30-06-2022 | 55 days | 0.0% |
| ITI Ultra Short Term Fund (Direct) | −0.2% | 02-05-2022 | 06-05-2022 | 23-05-2022 | 17 days | 0.0% |
From daily values since 14-03-2022, 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 to Short Term Fund (Direct)
ITI 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.
Baroda BNP Paribas Ultra Short to Short Term Fund (Direct)
ITI Ultra Short Term Fund (Direct)
Baroda BNP Paribas Ultra Short to Short Term vs ITI Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Ultra Short to Short Term Fund, September 2026; ITI Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 16.3%
- Held by both
- 5
- Only in Baroda BNP Paribas Ultra Short to Short Term
- 26
- Only in ITI Ultra Short Term
- 19
| Security | % of Baroda BNP Paribas Ultra Short to Short Term | % of ITI Ultra Short Term |
|---|---|---|
| Indian Bank (24/06/2027) | 7.19% | 8.55% |
| Small Industries Dev Bank of India (18/02/2027) | 4.42% | 5.85% |
| ICICI Bank Limited (08/03/2027) | 2.94% | 2.92% |
| Axis Bank Limited (12/02/2027) | 1.48% | 5.86% |
| Corporate Debt Market Development Fund | 0.27% | 0.40% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.3% means 16.3% 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 to Short Term Fund
| Security | % of fund |
|---|---|
| 9.40% Vedanta Aluminium Metal Limited (20/02/2027) | 7.59% |
| 7.59% National Housing Bank (14/07/2027) | 7.58% |
| Export Import Bank of India (11/11/2026) | 6.62% |
| IndusInd Bank Limited (27/01/2027) | 5.92% |
| 7.97% Mankind Pharma Limited (16/11/2027) | 5.15% |
Largest holdings only in ITI Ultra Short Term Fund
| Security | % of fund |
|---|---|
| Export Import Bank of India (14/12/2026) | 9.48% |
| Bank of Baroda (05/03/2027) | 8.17% |
| ICICI Securities Limited (26/10/2026) | 6.57% |
| 7.95% REC Limited (12/03/2027) | 6.02% |
| 91 Days Tbill (MD 24/12/2026) | 5.93% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Ultra Short to Short Term | ITI Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.2% | 97.9% |
| Cash and others | 2.8% | 2.1% |
Baroda BNP Paribas Ultra Short to Short Term vs ITI Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Ultra Short to Short Term Fund | ITI Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.29% | 0.21% |
| Base expense ratio (Direct) | 0.24% | 0.17% |
| Total expense ratio (Regular) | 1.05% | 0.91% |
| Base expense ratio (Regular) | 0.88% | 0.79% |
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 Baroda BNP Paribas Ultra Short to Short Term with
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- Baroda BNP Paribas Ultra Short to Short Term vs Axis Ultra Short to Short Term
- Baroda BNP Paribas Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- Baroda BNP Paribas Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
Baroda BNP Paribas Ultra Short to Short Term Fund vs ITI Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Ultra Short to Short Term Fund and ITI Ultra Short Term Fund?
Baroda BNP Paribas Ultra Short to Short Term Fund is a Low Duration fund, ITI Ultra Short Term Fund is an Ultra Short fund, run by Baroda BNP Paribas Mutual Fund and ITI Mutual Fund. Their portfolios overlap 16.3%. Baroda BNP Paribas Ultra Short to Short Term Fund charges 0.29% a year and ITI Ultra Short Term Fund 0.21%.
Which has given higher returns, Baroda BNP Paribas Ultra Short to Short Term Fund or ITI Ultra Short Term Fund?
Over 1 year: Baroda BNP Paribas Ultra Short to Short Term Fund +6.00%, ITI Ultra Short Term Fund +6.26%. Over 3 years: Baroda BNP Paribas Ultra Short to Short Term Fund +7.24% a year, ITI Ultra Short Term Fund +6.99% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Ultra Short to Short Term Fund or ITI Ultra Short Term Fund?
ITI Ultra Short Term Fund charges less: 0.21% a year against 0.29%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Ultra Short to Short Term Fund and ITI Ultra Short Term Fund overlap?
16.3%. They hold 5 of the same securities, the largest shared ones being Indian Bank (24/06/2027), Small Industries Dev Bank of India (18/02/2027), ICICI Bank Limited (08/03/2027). From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Ultra Short to Short Term Fund or ITI Ultra Short Term Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,11,531 in Baroda BNP Paribas Ultra Short to Short Term Fund (XIRR 6.9% a year) and ₹4,10,538 in ITI Ultra Short Term Fund (XIRR 6.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Ultra Short to Short Term Fund and ITI Ultra Short Term Fund?
Yes. 16.3% 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.