Ultra Short Duration Fund
(An open ended ultra short term debt scheme
investing in instruments such that the Macaulay duration
of the portfolio is between 3 months and 6 months.
A Relatively Moderate Interest Rate Risk and Moderate Credit Risk)
Ultra Short Duration Fund
(An open ended ultra short term debt scheme
investing in instruments such that the Macaulay duration
of the portfolio is between 3 months and 6 months.
A Relatively Moderate Interest Rate Risk and Moderate Credit Risk)
The primary objective of the Scheme is to generate regular income by investing in a portfolio of debt and money market instruments such that the Macaulay duration of the portfolio is between 3 months 6 months. However there can be no assurance that the investment objective os the scheme will be realized. The scheme does not gurantee/indicate any returns.
NAV Details (As on July 31, 2026)| Regular Plan - Weekly IDCW Option | : ₹ 1001.4265 |
| Regular Plan - Growth Option | : ₹ 1649.3320 |
| Regular Plan - Daily IDCW Option | : ₹ 1006.2583 |
| Direct Plan - Weekly IDCW Option | : ₹ 1002.5235 |
| Direct Plan - Growth Option | : ₹ 1673.8974 |
| Direct Plan - Daily IDCW Option | : ₹ 1007.0751 |
Benchmark Index (AMFI Tier 1)CRISIL Ultra Short Duration Debt A-1 Index
Date of AllotmentJune 01, 2018
Fund Manager| Fund Manager | Managing fund since | Experience |
| Mr Vikram Pamnani | 14-Mar-22 | 14 years |
| Mr. Gurvinder Singh Wasan | 21-Oct-24 | 21 years |
Load Structure
Exit Load: NIL
For detailed load structure please refer Scheme
Information Document of the scheme.
Minimum Amount: Lumpsum investment:
₹ 5,000 and in multiples of ₹ 1 thereafter.
Minimum Additional Application Amount:
₹ 1,000 and in multiples of ₹ 1 thereafter.
| Monthly AAUM## As on July 31, 2026 | : ₹ 678.51 Crores |
| AUM## As on July 31, 2026 | : ₹ 649.03 Crores |
##Inter-scheme investments have been adjusted in the scheme. In July, 2026 the average aggregate investments by the schemes of Baroda BNP Paribas Mutual Fund in the scheme is 27.2 Crores.
| Fixed Income Holdings | Rating | % of Net Assets |
| CERTIFICATE OF DEPOSIT | 59.30% | |
| ✔Export Import Bank of India | CRISIL A1+ | 8.01% |
| ✔ ICICI Bank Limited | ICRA A1+ | 7.42% |
| ✔Indian Bank | CRISIL A1+ | 6.77% |
| ✔HDFC Bank Limited | CRISIL A1+ | 5.24% |
| ✔Indusind Bank Limited | CRISIL A1+ | 4.46% |
| ✔National Bank For Agriculture and Rural Development | CRISIL A1+ | 4.46% |
| ✔Axis Bank Limited | CRISIL A1+ | 3.85% |
| Punjab National Bank | CRISIL A1+ | 3.83% |
| Small Industries Dev Bank of India | CARE A1+ | 3.78% |
| Canara Bank | CRISIL A1+ | 3.71% |
| Kotak Mahindra Bank Limited | CRISIL A1+ | 3.00% |
| Small Industries Dev Bank of India | CRISIL A1+ | 2.23% |
| HDFC Bank Limited | CARE A1- | 1.78% |
| Canara Bank | ICRA A1+ | 0.76% |
| CORPORATE BOND | 28.63% | |
| ✔REC Limited | CRISIL AAA | 8.01% |
| ✔ LIC Housing Finance Limited | CRISIL AAA | 3.99% |
| ✔PNB Housing Finance Limited | CARE AAA | 3.87% |
| Sundaram Finance Limited | ICRA AAA | 3.85% |
| Muthoot Finance Limited | CRISIL AA+ | 3.83% |
| Piramal Finance Limited | ICRA AA+ | 2.32% |
| Bharti Telecom Limited | CRISIL AAA | 1.22% |
| Indian Railway Finance Corporation Limited | CRISIL AAA | 0.77% |
| Mankind Pharma Limited | CRISIL AA+ | 0.77% |
| COMMERCIAL PAPER | 6.79% | |
| Standard Chartered Capital Limited | CRISIL A1+ | 3.81% |
| LIC Housing Finance Limited | CRISIL A1+ | 2.22% |
| Muthoot Finance Limited | CRISIL A1+ | 0.76% |
| PTC | 1.16% | |
| Vajra Trust | CRISIL AAA(SO) | 1.11% |
| India Universal Trust | CRISIL AAA(SO) | 0.05% |
| Corporate Debt Market Development Fund | 0.53% | |
| Corporate Debt Market Development Fund | 0.53% | |
| STATE GOVERNMENT BOND | 0.47% | |
| 7.24% GUJARAT SDL (MD 28/12/2026) | Sovereign | 0.47% |
| Total Fixed Income Holdings | 96.88% | |
| TREPS, Cash & Other Net Current Assets | 3.12% | |
| GRAND TOTAL | 100.00% |
Investment in Top 10 scrips constitutes 56.08% of the portfolio
Please note that the daily and weekly dividend distribution history for the scheme has not been disclosed
| BER - Regular Plan (%) | 0.37% |
| BER - Direct Plan (%) | 0.24% |
The Total Expense Ratio (TER) is the sum of the Base
Expense Ratio (BER), brokerage fees, transaction costs, and
statutory levies.
For details of TER, please refer the TER
disclosure available on the website on
https://www.barodabnpparibasmf.in/downloads/total-expense-ratio-of-mutual-fund-schemes.
| Average Maturity (years) | 0.45 |
| Modified Duration (years) | 0.41 |
| YTM (%) | 7.00% |
| Macaulay Duration† (years) | 0.43 |
†Concept of Macaulay duration: The Macaulay Duration is a measure of a bond’s sensitivity to interest rate changes. It is expressed in annual terms. It is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Factors like a bond’s price, maturity, coupon, yield to maturity among others impact the calculation of Macaulay duration. The Macaulay duration can be viewed as the economic balance point of a group of cash flows. Another way to interpret the statistic is that it is the weighted average number of years an investor must maintain a position in the bond until the present value of the bond’s cash flows equals the amount paid for the bond. As it provides a way to estimate the effect of certain market changes on a bond’s price, the investor can choose an investment that will better meet his future cash needs.
| Credit Risk (Max) → | Relatively Low Class A $(CRV>=12)$ | Moderate: Class B $CRV>=10)$ | Relatively High: Class C $(CRV<10)$ |
| Interest Rate Risk (Max) ↓ | |||
| Relatively Low: Class I $(MD<=1~year)$ | |||
| Moderate: Class II $(MD<=3)$ year) | B-11 | ||
| Relatively High: Class III (Any MD) |
MD-Macaulay Duration, CRV Credit Risk Value.
‡ The PRC matrix denotes the maximum risk that the respective Scheme can take i.e. maximum interest rate risk (measured
by MD of the Scheme) and maximum credit risk (measured by CRV of the Scheme)
➤ Regular income with convenience of liquidity over ultra-short term.
➤ Investments in a basket of debt and money market instruments such that the Macaulay duration† of the portfolio is between 3 months and 6 months.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
^^Riskometer For Scheme basis it's portfolio, ^Riskometer For Benchmark (CRISIL Ultra Short Duration Debt A-1 Index): basis it's constituents; as on July 31, 2026
**Care Mutual Fund ratings are not recommended for the purpose of buying, selling or holding a fund or scheme
These ratings do not comment on the volatility of the Net Asset Value (NAV) of the scheme or the level of NAV
compared to the face value during the tenure of the scheme any time before maturity.
†† The rating, as aforesaid, however, should not be treated as
a recommendation to buy, sell or hold the units issued by you.
The rating is restricted to your debt fund only. ICRA does not
assume any responsibility on its part, for any liability, that may
arise consequent to your not complying with any guidelines or
directives issued by SEBI or any other mutual fund regulatory
body.
* refer Glossary page
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.