Bandhan Short Duration Fund leads short-duration mutual funds in six-month returns; delivers 3.3% gain
Bandhan Short Duration Fund delivered 3.3% returns over the last six months and 7.3% CAGR over three years, according to ACE MF data on June 28.
Moneycontrol Desk
June 29, 2026 / 13:40 IST
Among short-duration mutual funds that meet the screen used for this ranking, Bandhan Short Duration Fund is at the top on six-month returns. The fund delivered 3.3 percent, ahead of ICICI Pru Short Term Fund at 2.9 percent and Axis Short Duration Fund at 2.8 percent, according to ACE MF data on June 28.
The ranking considers only schemes with assets under management of at least Rs 1,500 crore. Among the top five funds that meet this criterion, ICICI Pru Short Term Fund has the largest corpus at Rs 21,228.5 crore.
The benchmark comparison is also important. Bandhan Short Duration Fund was ahead of its benchmark by 3.7 percentage points on a one-year basis, with the benchmark returning 1.9%. It was also ahead of its benchmark by 0.6 percentage points on a three-year basis, with the benchmark returning 6.7%.
The lead does not change on a one-month basis either. Bandhan Short Duration Fund also tops this comparison with a return of 1.8 percent.
The lead does not change on a three-month basis either. Bandhan Short Duration Fund also tops this comparison with a return of 2.5 percent.
A different fund moves to the top when the three-year window is used. ICICI Pru Short Term Fund leads this comparison with 7.4 percent.
Return rankings across mutual funds can shift when the comparison window changes. This makes it useful to read the headline return along with shorter and longer return periods.
Table: Top 5 short-duration funds by six-month return
| Fund name | 6-month return (%) | AUM (Rs crore) | 1-month return (%) | 3-month return (%) | 1-year return (%) | 3-year return (%) |
|---|---|---|---|---|---|---|
| Bandhan Short Duration Fund | 3.3 | 8,326.5 | 1.8 | 2.5 | 5.7 | 7.3 |
| ICICI Pru Short Term Fund | 2.9 | 21,228.5 | 1.7 | 2.3 | 5.9 | 7.4 |
| Axis Short Duration Fund | 2.8 | 8,734.2 | 1.6 | 2.2 | 5.7 | 7.3 |
| HDFC Short Term Debt Fund | 2.8 | 14,864.1 | 1.7 | 2.2 | 5.6 | 7.4 |
| Nippon India Short Duration Fund | 2.8 | 7,246.6 | 1.7 | 2.1 | 5.4 | 7.2 |
Note: The ranking considers only schemes with minimum assets under management of Rs 1,500 crore. Returns and AUM are according to ACE MF data on June 28. One-year and three-year returns are CAGR; one-month, three-month and six-month returns are absolute returns. AUM is in Rs crore.
What is a short-duration fund?
Funds in the short duration category should be assessed against schemes with similar investment mandates. Return comparisons across unrelated categories may not be meaningful because risk, asset allocation and portfolio strategy can differ sharply.