This short-duration debt fund is on an upward curve

This fund is singing a redemption song by moving up to the second quartile for the first time in three years. Bandhan Bond Fund Short Term Plan generated returns of 7.41 per cent, surpassing the category median of 7.31 per cent, reflecting its decent performance trajectory. Notably, the performance in the final quarter of 2023 lifted the fund's calendar-year performance. Given the decent performance, you might wonder about the low star rating. The fund's no-nonsense approach to avoiding riskier bonds means it usually delivers slightly lower returns than its aggressive peers. However, its safety-first approach has helped it ride market turbulence (like the IL&FS and DHFL crises)