Bandhan AMC Limited · Short Term

Bandhan Short Term Fund

Income/Debt Oriented Schemes - Short Term Fund Direct plan, growth benchmark: NIFTY Short Duration Debt Index A-II launched 1 Apr 2001 open-ended

At a glance

the fund as it stands today, from public disclosures

NAV, 21 Sep 2026

₹65.92

+0.04% since 18 Sep 2026, the previous NAV

1 year

6.2%

return

3 years

7.7%

a year

5 years

6.5%

a year

Since launch

7.6%

a year, over 12.0 years

Assets (AUM)

₹10,766 Cr

Oct 2025 factsheet

Expense ratio, Direct / Regular

0.34% / 0.82%

a year, as of Oct 2025

Holdings

top ten are 40% of the fund · Aug 2026

Disclosed history

2.7 yrs

Mar 2023 – Aug 2026 · 4 of 11 checks could run

Fund managers

Suyash Choudhary · since at least Feb 2023

All managers →

What only Anveshan can tell you

measured from the disclosures, not quoted from a brochure — each links to how it was done

P5Cost, measured

Regular plan costs 3.73% a year more than Direct

₹71,240 on ₹1 lakh over ten years. Same portfolio, two prices — the difference is what the Regular plan's distribution costs you, read from the two NAVs.

See how it is measured →

P7Whose record

Run by Suyash Choudhary for at least 2.8 yrs

the factsheet archive starts Feb 2023, so this is a floor. A return earned before they arrived is the house's record, not theirs — the tenure table shows the fund against its category over exactly their months.

Suyash Choudhary's other funds →

NAVTracking gap

Not replicated: the portfolio cannot be priced line by line in this build.

Each day, the NAV the fund published against the NAV its last disclosed portfolio would have produced at that day's prices. A gap that opens and stays is a change the fund has made and not disclosed yet.

See the daily gap →

P4Consistency

Beat its category in 42% of three-year stretches, and averaged −0.1 points a year across all of them

109 rolling windows since 2014 · ahead by 0.1 points a year when it won, behind by 0.2 when it lost. A single five-year figure depends on the day you look; the share of stretches won does not — and the average margin says whether winning often was worth anything.

See every window →

NAV and drawdown

Direct plan, growth class · as of 21 Sep 2026

Month-end NAV, indexed to 100 at Sep 2014

145 month-ends · ₹27.51 → ₹65.92, 2.4× since Sep 2014

Deepest fall (max drawdown)

−0.6%

4 Aug 2025 → 26 Aug 2025

Worst month

−0.3%

Aug 2025

Days to recover

from the deepest trough back to the old high

Drawdown is measured on the last year of daily NAV; trailing returns are CAGR of the direct growth class. A single end date decides them — the consistency card (P4) below is the record that does not, and it reports both how often the fund beat its category and by how much, because the first without the second can point the wrong way.

Holdings

Aug 2026 disclosure · 88 lines · when each was first held and the change over the last three disclosures

#	Holding	Sector	Weight	First held	Held for	3-mo change
1	Triparty Repo TRP_010926 money market	—	10.73%	Aug 2026	1 mo	+10.73%
2	7.48% National Bank For Agriculture and Rural Development government security	—	5.14%	Oct 2025	11 mo	+5.14%
3	Small Industries Dev Bank of India ** money market	—	4.59%	Aug 2026	1 mo	+4.59%
4	Net Current Assets cash equivalent	—	3.26%	Mar 2023	3.5 yrs	+1.62%
5	7.07% Bajaj Finance Limited government security	—	3.10%	Aug 2026	1 mo	+3.10%
6	HDFC Bank Limited money market	—	3.04%	Aug 2026	1 mo	+3.04%
7	7.8% Tata Capital Housing Finance Limited ** government security	—	2.86%	Jun 2024	2.3 yrs	+0.50%
8	Small Industries Dev Bank of India ** money market	—	2.67%	Aug 2026	1 mo	+2.67%
9	8.15% Tata Capital Limited ** government security	—	2.30%	Aug 2026	1 mo	+2.30%
10	7.5% Indian Railway Finance Corporation Limited ** government security	—	2.29%	Sep 2025	1.0 yrs	+2.29%
11	7.83% Bajaj Housing Finance Limited ** government security	—	2.28%	Aug 2026	1 mo	+2.28%
12	8.3% REC Limited ** government security	—	2.16%	Aug 2026	1 mo	+2.16%
13	7.42% Small Industries Dev Bank of India ** government security	—	1.99%	Aug 2026	1 mo	+1.99%
14	7.74% LIC Housing Finance Limited ** government security	—	1.95%	Apr 2025	1.4 yrs	-0.60%
15	Small Industries Dev Bank of India ** money market	—	1.87%	Aug 2026	1 mo	+1.87%
16	Axis Bank Limited ** money market	—	1.75%	Aug 2026	1 mo	+1.75%
17	7.75% Sundaram Finance Limited government security	—	1.71%	Aug 2026	1 mo	+1.71%
18	Union Bank of India ** money market	—	1.66%	Aug 2026	1 mo	+1.66%
19	Canara Bank money market	—	1.66%	Aug 2026	1 mo	+1.66%
20	Axis Bank Limited ** money market	—	1.66%	Aug 2026	1 mo	+1.66%
21	7.3% GOI (MD 19/06/2053) government security	—	1.43%	Aug 2026	1 mo	+1.43%
22	7.44% Power Finance Corporation Limited ** government security	—	1.42%	Aug 2026	1 mo	+1.42%
23	6.95% Bajaj Housing Finance Limited ** government security	—	1.42%	Oct 2025	11 mo	+1.42%
24	7.57% Indian Railway Finance Corporation Limited ** government security	—	1.32%	Aug 2026	1 mo	+1.32%
25	HDFC Bank Limited money market	—	1.29%	Aug 2026	1 mo	+1.29%
26	7.8% LIC Housing Finance Limited ** government security	—	1.15%	Aug 2026	1 mo	+1.15%
27	7.48% Indian Railway Finance Corporation Limited ** government security	—	1.15%	Aug 2026	1 mo	+1.15%
28	7.46% Indian Railway Finance Corporation Limited ** government security	—	1.15%	Aug 2026	1 mo	+1.15%
29	6.97% Bajaj Housing Finance Limited ** government security	—	1.13%	Oct 2025	11 mo	+1.13%
30	Kotak Mahindra Bank Limited ** money market	—	1.11%	Aug 2026	1 mo	+1.11%
31	Punjab National Bank ** money market	—	1.10%	Aug 2026	1 mo	+1.10%
32	7.53% Bajaj Housing Finance Limited ** government security	—	1.02%	Aug 2026	1 mo	+1.02%
33	Canara Bank ** money market	—	0.89%	Aug 2026	1 mo	+0.89%
34	7.75% LIC Housing Finance Limited ** government security	—	0.86%	Aug 2026	1 mo	+0.86%
35	7.37% Indian Railway Finance Corporation Limited ** government security	—	0.86%	Aug 2026	1 mo	+0.86%
36	7.66% Bajaj Housing Finance Limited ** government security	—	0.86%	Aug 2026	1 mo	+0.86%
37	7.1% Bajaj Housing Finance Limited ** government security	—	0.85%	Oct 2025	11 mo	+0.85%
38	7.24% Bajaj Finance Limited ** government security	—	0.84%	Aug 2026	1 mo	+0.84%
39	Kotak Mahindra Bank Limited money market	—	0.84%	Aug 2026	1 mo	+0.84%
40	Axis Bank Limited ** money market	—	0.83%	Aug 2026	1 mo	+0.83%
41	Canara Bank ** money market	—	0.83%	Aug 2026	1 mo	+0.83%
42	Bank of Baroda ** money market	—	0.83%	Aug 2026	1 mo	+0.83%
43	8.3% Indian Railway Finance Corporation Limited ** government security	—	0.82%	Aug 2026	1 mo	+0.82%
44	Bank of Baroda money market	—	0.81%	Aug 2026	1 mo	+0.81%
45	Indian Bank ** money market	—	0.81%	Aug 2026	1 mo	+0.81%
46	Indian Bank ** money market	—	0.81%	Aug 2026	1 mo	+0.81%
47	HDFC Bank Limited ** money market	—	0.79%	Aug 2026	1 mo	+0.79%
48	6.6% REC Limited ** government security	—	0.74%	Aug 2026	1 mo	+0.74%
49	8.0409% Tata Capital Housing Finance Limited ** government security	—	0.57%	Jun 2024	2.3 yrs	-0.37%
50	7.73% LIC Housing Finance Limited government security	—	0.57%	Apr 2025	1.4 yrs	-0.37%
51	7.75% Tata Capital Housing Finance Limited ** government security	—	0.57%	Jun 2024	2.3 yrs	+0.10%
52	7.58% REC Limited government security	—	0.57%	Aug 2026	1 mo	+0.57%
53	7.6% Kotak Mahindra Prime Limited ** government security	—	0.57%	Oct 2025	11 mo	+0.57%
54	7.3763% Bajaj Finance Limited government security	—	0.57%	May 2025	1.3 yrs	-1.99%
55	7.1554% Kotak Mahindra Prime Limited ** government security	—	0.57%	Aug 2026	1 mo	+0.57%
56	7.11% Bajaj Finance Limited ** government security	—	0.56%	Aug 2026	1 mo	+0.56%
57	Axis Bank Limited ** money market	—	0.56%	Aug 2026	1 mo	+0.56%
58	ICICI Bank Limited ** money market	—	0.56%	Aug 2026	1 mo	+0.56%
59	HDFC Bank Limited ** money market	—	0.55%	Aug 2026	1 mo	+0.55%
60	6.9% LIC Housing Finance Limited ** government security	—	0.51%	Aug 2026	1 mo	+0.51%
61	8.06% Karnataka SDL (MD 27/03/2029) government security	—	0.41%	Aug 2026	1 mo	+0.41%
62	7.39% Maharashtra SDL (MD 03/07/2030) government security	—	0.40%	Aug 2026	1 mo	+0.40%
63	Corporate Debt Market Development Fund Class A2 structured product	—	0.36%	Oct 2023	2.9 yrs	+0.08%
64	8.65% Tata Capital Limited ** government security	—	0.29%	Aug 2026	1 mo	+0.29%
65	7.74% LIC Housing Finance Limited ** government security	—	0.29%	Aug 2026	1 mo	+0.29%
66	8.06% Bajaj Finance Limited ** government security	—	0.29%	Aug 2026	1 mo	+0.29%
67	7.46% REC Limited ** government security	—	0.29%	Aug 2026	1 mo	+0.29%
68	7.53% National Bank For Agriculture and Rural Development government security	—	0.29%	Sep 2025	1.0 yrs	+0.29%
69	7.45% Power Finance Corporation Limited government security	—	0.29%	Aug 2026	1 mo	+0.29%
70	7.19% JIO Credit Limited government security	—	0.28%	May 2025	1.3 yrs	-0.18%
71	7.299% Kotak Mahindra Prime Limited government security	—	0.28%	Oct 2025	11 mo	+0.28%
72	7.288% Kotak Mahindra Prime Limited government security	—	0.28%	Oct 2025	11 mo	+0.28%
73	Small Industries Dev Bank of India ** money market	—	0.28%	Aug 2026	1 mo	+0.28%
74	Punjab National Bank money market	—	0.28%	Aug 2026	1 mo	+0.28%
75	HDFC Bank Limited ** money market	—	0.28%	Aug 2026	1 mo	+0.28%
76	HDFC Bank Limited ** money market	—	0.28%	Aug 2026	1 mo	+0.28%
77	Kotak Mahindra Bank Limited ** money market	—	0.28%	Aug 2026	1 mo	+0.28%
78	HDFC Bank Limited ** money market	—	0.28%	Aug 2026	1 mo	+0.28%
79	Union Bank of India ** money market	—	0.28%	Aug 2026	1 mo	+0.28%
80	Small Industries Dev Bank of India ** money market	—	0.22%	Aug 2026	1 mo	+0.22%
81	8.04% Bajaj Housing Finance Limited ** government security	—	0.17%	Jan 2024	2.7 yrs	-4.31%
82	7.88% Bajaj Finance Limited ** government security	—	0.17%	Aug 2026	1 mo	+0.17%
83	7.37% National Bank For Financing Infrastructure And Development ** government security	—	0.17%	Aug 2026	1 mo	+0.17%
84	Punjab National Bank ** money market	—	0.11%	Aug 2026	1 mo	+0.11%
85	Axis Bank Limited ** money market	—	0.06%	Aug 2026	1 mo	+0.06%
86	8.24% GOI (MD 15/02/2027) government security	—	0.01%	Mar 2023	3.5 yrs	0.00%
87	6.79% GOI (MD 15/05/2027) government security	—	0.01%	Mar 2023	3.5 yrs	0.00%
88	TREPS / cash equivalents Cash Margin - CCIL · cash equivalent	—	0.01%	Mar 2023	3.5 yrs	0.00%

Showing 1–88 of 88 rows per page10 25 50all

Largest sectors, latest disclosure

Not yet computable. Sector labels come from the disclosures; none were mapped for this fund.

By market cap, latest disclosure

Not yet computable. Needs cap tiers for every holding.

The seven checks, in full

each: the plain claim, where it sits in the category, and — folded — how it is measured and the case against. A flag fires only where headline and record disagree.

P4 Consistency, not a single end date

Beat its category in 42% of three-year stretches, and averaged −0.1 points a year across all of them

109 rolling windows since 2014 · ahead by 0.1 points a year when it won, behind by 0.2 when it lost

What this means. Take every three-year stretch since the fund had a NAV, one starting each month, and ask two things of each: did it beat the typical fund in its category, and by how much. Counting the wins tells you the record does not depend on when you happen to look; averaging the margin tells you whether winning often was worth anything, because four small wins do not pay for one large loss.

How often, and by how much. The count and the average agree. Ahead by 0.1 points a year in the 46 windows it won and behind by 0.2 in the 62 it lost, so the average across all 109 is −0.1 points. The worst window ended Jun 2018, 0.5 points behind.

42%

lowest in categoryhighest in category

41th percentile · below median of 19 funds · category median 52%

windows measured109windows won46average across every window−0.07 pts a year · median −0.08when ahead, by how much+0.15 pts a year over 46 windowswhen behind, by how much−0.23 pts a year over 62 windowsworst window−0.48 pts a year, ended Jun 2018best window+0.35 pts a year, ended Sep 2026non-overlapping windows in that span4 — the rolling count overlaps, this does not

Fund minus category, each rolling three-year window

ahead of categorybehind

Each bar is one window's margin in percentage points a year. The height of the bars, not the count of green ones, is what the average across every window measures.

How it is measured, and the case against

A fund that beats its category in most rolling three-year windows has a record; one that beats it in a few has an end date. How often it won and by how much are different questions, and this card answers both, because a fund can win four windows in five and still be behind across all five.

How often has it beaten its category, across every window?

Why this might matterRolling every three-year window forward month by month gives hundreds of overlapping observations instead of one. A single end date decides a headline five-year figure; the share of windows won cannot be flattered by when you happen to look. The average margin across every window is that share and the payoff multiplied together — win share x average beat plus loss share x average shortfall is exactly the average — so a high share bought with a few ruinous windows cannot hide behind the count.

Why it might notRolling windows overlap heavily, so they are not independent observations and the true sample is far smaller than the count suggests — the card says how many non-overlapping windows the same span holds, and it is usually a handful. A fund that changed manager or mandate carries a record that is only partly its own. The average margin is only as meaningful as the category: where a category is a grab bag (“Other ETFs” holds gold beside equity), a large shortfall says the comparison is wrong, not that the fund is. And none of this forecasts: our own study found the share of windows won does not predict the next three years, and weighting it by payoff gives no reason to think otherwise.

P5 Cost, measured

Regular plan costs 3.73% a year more than Direct

₹71,240 on ₹1 lakh over ten years

What this means. The Regular and Direct plans hold the same portfolio; the Regular one pays a distributor out of your money every day. The gap between the two NAVs is that cost, measured from the NAVs rather than quoted from a document.

3.73 pp a year

costliest in categorycheapest in category

5th percentile · bottom decile of 19 funds · category median 0.73 pp

on ₹1,00,000 over ten years₹71,240Direct vs Regular, annualised9.3% vs 5.6%measured over2.42 years

How it is measured, and the case against

The Direct plan is the same portfolio, priced differently; the divergence of the two NAVs is the cost, measured rather than quoted.

What does the Regular plan actually cost against its Direct twin?

Why this might matterSame manager, same holdings, same day. The gap between the two NAV series is the one number on this page that is knowable today rather than hoped for, and it compounds for as long as the units are held.

Why it might notA Regular plan buys advice. If that advice stops someone selling in a drawdown it can be worth more than the fee — the cost is visible and the behavioural saving is not, which makes this comparison unfair in exactly one direction.

P1 Churn, and what it bought

Not measurable yet. Needs at least two consecutive monthly disclosures.

What this means. How much of the portfolio was bought and sold in a year, computed from what the fund disclosed each month. Trading costs something certain; the extra return it is meant to buy is not.

How it is measured, and the case against

Turnover measured from consecutive disclosures — Σ|Δweight|/2 — costs something certain; the excess return it is meant to buy is not.

Is the trading paying for itself?

Why this might matterAMCs define their own turnover figure inconsistently. This one is computed from what the fund disclosed month to month, so two funds are comparable on it. Read it beside the excess return per unit of turnover.

Why it might notTurnover computed from month-end snapshots misses everything bought and sold inside a month, and a fund forced to sell by redemptions is charged for churn it did not choose.

P2 Conviction or inertia

Not measurable yet. Needs the holdings history for this fund; not computed yet.

What this means. How long a typical top-10 position has been in the top ten. Long-held positions are a decision; a top ten that changes every quarter is a reaction.

How it is measured, and the case against

The median months a top-10 position has been held separates a portfolio somebody chose from one that drifted.

How long does a top-10 position stay a top-10 position?

Why this might matterConcentration is how a manager expresses conviction, and persistence is how long they keep it. Long-held positions with a rising weight are a decision; a top ten that turns over every quarter is a reaction.

Why it might notPersistence without active share is inertia: a portfolio of 166 names that tracks its category closely has diversified away the reason to pay for it. Active share needs index constituent files, which are not loaded yet.

P3 Hit rate of the top ten

Not measurable yet. Detector not yet written: needs each disclosure's top ten joined to six months of forward prices. Holdings and prices are in hand.

What this means. Take each month's ten largest holdings and check whether each one beat the typical stock its category holds over the next six months, and by how much. A blended return can hide two wins and eight losses; a count of wins can hide one position that lost half its value.

How it is measured, and the case against

A manager's largest bets, judged one by one over the following six months, say more than the fund's blended return — and how far each one beat or missed the median stock says more than counting how many did.

Of its top-10 positions, how often did they beat the category-median stock?

Why this might matterA fund can beat its category on two positions and lose on eight; the hit rate shows the pattern the aggregate hides. The average margin then shows what the hit rate hides in turn: six winners worth a point each do not pay for four losers worth ten, and only the margin says which happened.

Why it might notSix months is short, sizing matters more than counting, and a manager who is right on the biggest position and wrong on nine small ones has done their job — the margins here are unweighted, so they answer the counting question better, not the sizing one. Overlapping disclosures judge the same position again each month it is held, so one long-held winner is counted many times. And this is a description of six months already past, not a forecast of the next six.

P6 Size against edge

₹5,478 Cr; 165% of growth came from outflows

Regular plan expense ratio 0.87% a year

What this means. Where the fund sits by size in its category, and how much of its growth was money arriving rather than the portfolio compounding. A very large fund cannot buy what a small one can; size should buy a lower fee in return.

0.87% TER

costliestcheapest

75th percentile · top quartile of 21 funds · category median 0.99%

expense ratio, Regular / Direct0.87% / 0.39% · category median 0.99%AUM, Jun 2023 → Jun 2026₹9,027 Cr → ₹5,478 Cr (−15% a year)of that change, from flows rather than returns165% net outflows · NAV +26% over the window

Assets under management, ₹ crore, Jun 2010 – Jun 2026

87 points · months without a factsheet figure use AMFI's quarterly average · Regular-plan expense ratio 0.77% in Mar 2023 → 0.87% in Sep 2026

How it is measured, and the case against

Past a certain size the smaller end of a mandate becomes unreachable, and the fund starts to look like its index; what size should buy in return is a lower expense ratio.

Has the fund outgrown the universe it invests in — and did size buy a lower fee?

Why this might matterSize narrows what the manager can meaningfully hold and should lower what the investor pays. Read the AUM history beside the expense ratio: a fund that has tripled through inflows while its Regular-plan TER sits above the category median has kept the benefit of scale for the house. The flow decomposition says how much of the growth was money arriving rather than the portfolio compounding.

Why it might notScale funds research teams, and plenty of large funds have gone on compounding for decades. Inflows follow performance, so a fund growing fast is usually one that did well; the constraint is real but not automatically binding, and a TER is a ceiling the AMC can cut at any time.

P7 Whose record is this

Run by Suyash Choudhary for at least 2.8 yrs

the factsheet archive starts Feb 2023, so this is a floor

What this means. How long the people running it now have been running it, read from the monthly factsheets. A five-year record earned under someone else is not evidence about these managers.

No category distribution for this measure yet.

running it nowSuyash Choudhary (since at least Feb 2023)share of the fund's life under the current teamnot knowable — the archive starts Feb 2023, so the tenure is a floorchanges of hands in the archive2 — last Sep 2023

Who ran it, month by month · factsheets through Sep 2026

running it nowearlier

Manager	Role	From	To	Fund vs category, those months	3-yr stretches won in tenure
Suyash Choudhary	fund manager	by Feb 2023†	now	8.1% vs 8.2% p.a. (−0.01 pp)	—
Sreejith Balasubramanian will be	fund manager	Aug 2023*	Aug 2023	0.5% vs 0.5% (0.00 pp)	—

* dated by first appearance in the archive we hold, not by a date the factsheet printed. † already named on the first factsheet we hold: the stint is at least this long, and its start is not known. Co-managed months count for every manager named; a factsheet names the manager of record, not who made each call. All managers →

How it is measured, and the case against

A record earned under different people is not evidence about these ones.

Does the displayed record predate the people running it?

Why this might matterA five-year figure on a fund whose longest-serving manager joined two years ago is the house's record more than the person's. The tenure here comes from what each monthly factsheet named, so a change of hands is dated to the month it was disclosed, and the fund's return against its category can be read over exactly those months.

Why it might notFund houses have processes, research desks and mandates that outlast individuals, so a manager change is not a reset. Co-managed funds attribute the same months to every named manager, and a factsheet names the manager of record, not necessarily the person making the calls. And the archive we hold starts in Feb 2023: Suyash Choudhary was already named on its first sheet, so the tenure here is the floor of what is known, not the month anyone arrived — the record may well belong to the people running it now.

Tracking gap

the NAV the fund published, against the NAV its last disclosed portfolio would have produced at each day's prices

No signal. About 100% of this fund is outside listed Indian equity — a foreign or derivative sleeve, or debt — and there are no daily prices to replicate it with. A wrong signal would be worse than none.

Share classes

latest NAV per AMFI code

Plan	Option	NAV	Date
direct Bandhan Short Term Fund - Direct Plan - Growth	growth	₹65.92	21 Sep 2026
direct Bandhan Short Term Fund - Direct Plan - Fortnightly IDCW	idcw	₹10.37	21 Sep 2026
direct Bandhan Short Term Fund - Direct Plan - Monthly IDCW	idcw	₹10.41	21 Sep 2026
direct Bandhan Short Term Fund - Direct Plan - Periodic IDCW	idcw	₹23.80	21 Sep 2026
direct Bandhan Short Term Fund - Direct Plan - Quarterly IDCW	idcw	₹10.85	21 Sep 2026
direct Bandhan Short Term Fund - Direct Plan - Annual IDCW	idcw	₹11.17	21 Sep 2026
regular Bandhan Short Term Fund - Plan C - Growth	growth	₹17.44	17 Feb 2017
regular Bandhan Short Term Fund - Plan D - Growth	growth	₹12.03	17 Feb 2017
regular Bandhan Short Term Fund - Regular Plan - Fortnightly IDCW	idcw	₹10.42	21 Sep 2026
regular Bandhan Short Term Fund - Plan C - Fortnightly Dividend	idcw	₹10.26	17 Feb 2017
regular Bandhan Short Term Fund - Plan D- Fortnightly Dividend	idcw	₹14.74	17 Feb 2017
regular Bandhan Short Term Fund - Plan B - Fortnightly Dividend	idcw	₹12.29	17 Feb 2017
regular Bandhan Short Term Fund - Plan C - Monthly Dividend	idcw	₹11.22	17 Feb 2017
regular Bandhan Short Term Fund - Plan D - Monthly Dividend	idcw	₹22.16	17 Feb 2017
regular Bandhan Short Term Fund - Plan C - Periodic Dividend	idcw	₹—	—
regular Bandhan Short Term Fund - Regular Plan - Periodic IDCW	idcw	₹22.71	21 Sep 2026
regular Bandhan Short Term Fund - Regular Plan - Quarterly IDCW	idcw	₹10.91	21 Sep 2026
regular Bandhan Short Term Fund - Regular Plan - Annual IDCW	idcw	₹10.93	21 Sep 2026

The Direct / Regular gap, in rupees

Direct growth NAV: ₹65.92
Regular growth NAV: ₹17.44
NAV divergence to date: 278.1% — same portfolio, priced differently
Regular costs more by: 3.73% a year
On ₹1,00,000 over ten years: ₹71,240

A Regular plan buys advice. The fee is visible and the behavioural saving is not; both are shown, neither is netted off.

Compare with

same category, by size

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