Axis Ultra Short Term Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (25-Jul-24)
₹14.550.02%1D
Returns (Since Inception)
6.59%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹4,947 Cr
Expense Ratio
0.32%
ISIN
INF846K01F40
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
10 Sep 2018
About this fund
Axis Ultra Short Term Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 5 years, 10 months and 16 days, having been launched on 10-Sep-18.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹14.55, Assets Under Management (AUM) of 4947.39 Crores, and an expense ratio of 0.32%.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹14.55, Assets Under Management (AUM) of 4947.39 Crores, and an expense ratio of 0.32%.
- Axis Ultra Short Term Fund Direct Growth has given a CAGR return of 6.59% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 48.05% in debts, and 51.71% in cash & cash equivalents.
- You can start investing in Axis Ultra Short Term Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.67%
+6.09% (Cat Avg.)
3 Years
+6.26%
+5.26% (Cat Avg.)
5 Years
+6.17%
+4.96% (Cat Avg.)
Since Inception
+6.59%
— (Cat Avg.)
Portfolio Summaryas of 15th July 2024
| Debt | ₹2,377.05 Cr | 48.05% |
| Others | ₹2,570.34 Cr | 51.95% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Bank Of Baroda | Cash - CD/Time Deposit | ₹292.36 Cr | 5.91% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹284.69 Cr | 5.75% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹261.55 Cr | 5.29% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹199.9 Cr | 4.04% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹194.8 Cr | 3.94% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹145.65 Cr | 2.94% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹134.53 Cr | 2.72% |
| Larsen And Toubro Limited | Bond - Corporate Bond | ₹124.82 Cr | 2.52% |
| Cholamandalam Investment And Fin. Co. Ltd | Cash - Commercial Paper | ₹122.36 Cr | 2.47% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹99.68 Cr | 2.01% |
| Piramal Housing Finance Limited | Cash - Commercial Paper | ₹99.05 Cr | 2.00% |
| Rbl Bank Limited | Cash - CD/Time Deposit | ₹99.02 Cr | 2.00% |
| Aditya Birla Housing Finance Limited | Cash - Commercial Paper | ₹97.31 Cr | 1.97% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹96.99 Cr | 1.96% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹96.37 Cr | 1.95% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹96.36 Cr | 1.95% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹96.11 Cr | 1.94% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹95.55 Cr | 1.93% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹90 Cr | 1.82% |
| 08.29 KL Sdl 2025 | Bond - Gov't/Treasury | ₹85.98 Cr | 1.74% |
| 05.77 KL Sdl 2025 | Bond - Gov't/Treasury | ₹79.09 Cr | 1.60% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹74.69 Cr | 1.51% |
| India (Republic of) | Bond - Short-term Government Bills | ₹74.6 Cr | 1.51% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹74.54 Cr | 1.51% |
| 182 DTB 14112024 | Bond - Gov't/Treasury | ₹73.35 Cr | 1.48% |
| Torrent Power Limited | Bond - Corporate Bond | ₹64.36 Cr | 1.30% |
| 05.75 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹59.31 Cr | 1.20% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹56.02 Cr | 1.13% |
| Magma Housing Finance Limited | Bond - Corporate Bond | ₹54.97 Cr | 1.11% |
| TATA Motors Limited | Bond - Corporate Bond | ₹50.14 Cr | 1.01% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹50.05 Cr | 1.01% |
| Magma Housing Finance Limited | Bond - Corporate Bond | ₹50.03 Cr | 1.01% |
| Fullerton India Credit Company Ltd | Bond - Corporate Bond | ₹50.01 Cr | 1.01% |
| Sansar Trust | Bond - Asset Backed | ₹50.01 Cr | 1.01% |
| Nirma Limited 8.3% | Bond - Corporate Bond | ₹49.97 Cr | 1.01% |
| Indostar Capital Finance Limited | Cash - Commercial Paper | ₹49.86 Cr | 1.01% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹49.81 Cr | 1.01% |
| TATA Projects Limited | Bond - Corporate Bond | ₹49.73 Cr | 1.01% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹49.7 Cr | 1.00% |
| Nuvama Wealth And Invest Limited | Cash - Commercial Paper | ₹49.37 Cr | 1.00% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹48.99 Cr | 0.99% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹48.56 Cr | 0.98% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹48.24 Cr | 0.98% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.2 Cr | 0.97% |
| Nuvama Wealth Finance Limited | Cash - Commercial Paper | ₹48.18 Cr | 0.97% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹47.79 Cr | 0.97% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹47.68 Cr | 0.96% |
| Mahanagar Telephone Nigam Limited | Bond - Corporate Bond | ₹47.28 Cr | 0.96% |
| 182 DTB 29082024 | Bond - Gov't/Treasury | ₹44.64 Cr | 0.90% |
| Tmf Holdings Limited | Bond - Corporate Bond | ₹40.08 Cr | 0.81% |
| India (Republic of) | Bond - Short-term Government Bills | ₹34.68 Cr | 0.70% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹29.84 Cr | 0.60% |
| Net Receivables / (Payables) | Cash - Collateral | ₹27.97 Cr | 0.57% |
| The Tata Power Company Limited | Bond - Corporate Bond | ₹26 Cr | 0.53% |
| 08.27 KL Sdl 2025 | Bond - Gov't/Treasury | ₹25.29 Cr | 0.51% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹25.06 Cr | 0.51% |
| Godrej Finance Ltd. 8.75% | Bond - Corporate Bond | ₹25.02 Cr | 0.51% |
| ICICI Home Finance Company Limited | Bond - Corporate Bond | ₹25.01 Cr | 0.51% |
| Motilal Oswal Finvest Limited | Cash - Commercial Paper | ₹25 Cr | 0.51% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹24.79 Cr | 0.50% |
| 05.95 Tn SDL 2025 | Bond - Gov't/Treasury | ₹24.79 Cr | 0.50% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹24.77 Cr | 0.50% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹24.71 Cr | 0.50% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.53 Cr | 0.50% |
| 08.17 Tn SDL 2025 | Bond - Gov't/Treasury | ₹20.27 Cr | 0.41% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹15.03 Cr | 0.30% |
| Jm Financial Credit Solutions Limited 9.3% | Bond - Corporate Bond | ₹14.79 Cr | 0.30% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Mutual Fund - Open End | ₹11.82 Cr | 0.24% |
| 07.62 Tn SDL 2026 | Bond - Gov't/Treasury | ₹10.09 Cr | 0.20% |
| 08.09 KL Sdl 2025 | Bond - Gov't/Treasury | ₹10.07 Cr | 0.20% |
| ICICI Bank Limited | Bond - Corporate Bond | ₹10.02 Cr | 0.20% |
| Nirma Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.20% |
| Godrej Housing Finance Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.20% |
| JM Financial Products Limited | Bond - Corporate Bond | ₹9.92 Cr | 0.20% |
| SANSAR TRUST AUGUST 2022 | Bond - Asset Backed | ₹5.78 Cr | 0.12% |
| 07.63 AP Sdl 2026 | Bond - Gov't/Treasury | ₹5.04 Cr | 0.10% |
| Goi Strips 06092024 | Bond - Gov't/Treasury | ₹2.76 Cr | 0.06% |
| J. K. Cement Limited. | Bond - Corporate Bond | ₹2 Cr | 0.04% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (20/01/2025) (Fv 5000 | Interest Rate Swap | ₹0.08 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (27/06/2025) (Fv 100 | Interest Rate Swap | ₹-0.03 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (26/12/2024) (Fv 50 | Interest Rate Swap | ₹0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (16/05/2026) (Fv 50 | Interest Rate Swap | ₹-0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (04/10/2024) (Fv 750 | Interest Rate Swap | ₹-0 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (14/11/2024) (Fv 500 | Interest Rate Swap | ₹-0 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (04/10/2024) (Fv 7500 | Interest Rate Swap | ₹-0 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (14/08/2024) (Fv 10000 | Interest Rate Swap | ₹-0 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Axis Bank (14/08/2024) (Fv 10 | Interest Rate Swap | ₹-0 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Idfc Bank (13/08/2024) (Fv 10 | Interest Rate Swap | ₹-0 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹2,059.06 Cr | 41.62% |
| Cash - CD/Time Deposit | ₹1,377.64 Cr | 27.85% |
| Cash - Commercial Paper | ₹634.48 Cr | 12.82% |
| Bond - Gov't/Treasury | ₹440.66 Cr | 8.91% |
| Cash - Repurchase Agreement | ₹134.53 Cr | 2.72% |
| Bond - Short-term Government Bills | ₹109.28 Cr | 2.21% |
| Bond - Gov't Agency Debt | ₹96.11 Cr | 1.94% |
| Bond - Asset Backed | ₹55.79 Cr | 1.13% |
| Cash - Collateral | ₹27.97 Cr | 0.57% |
| Mutual Fund - Open End | ₹11.82 Cr | 0.24% |
| Interest Rate Swap | ₹0.04 Cr | 0.00% |
Risk & Performance Ratios
Standard Deviation
This fund
0.52%
Cat. avg.
0.74%
Lower the better
Sharpe Ratio
This fund
1.57
Cat. avg.
-0.89
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.22
Higher the better
Fund Managers
AP
Aditya Pagaria
Since September 2018
SJ
Sachin Jain
Since September 2020
Additional Scheme Detailsas of 15th July 2024
ISIN | INF846K01F40 | Expense Ratio | 0.32% | Exit Load | No Charges | Fund Size | ₹4,947 Cr | Age | 10 Sep 2018 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | NIFTY Ultra Short Duration Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal (irrespective of holding period)
Realised Gain (capital gains) are taxed at your marginal income tax rate
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹243.56 Cr | 6.7% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹568.43 Cr | 6.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1535.17 Cr | 7.3% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1535.17 Cr | 7.5% |
| LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹161.02 Cr | 7.2% |
| LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹161.02 Cr | 6.5% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 1.0% | 0.0% | ₹2239.53 Cr | 7.0% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹7168.59 Cr | 7.0% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹239.90 Cr | 7.1% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹239.90 Cr | 7.6% |
About the AMC
Total AUM
₹2,86,505 Cr
Address
Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025
Other Funds by Axis Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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Still got questions?
We're here to help.
What is the current NAV of Axis Ultra Short Term Fund Direct Growth?
The NAV of Axis Ultra Short Term Fund Direct Growth, as of 25-Jul-2024, is ₹14.55.
What are the returns of Axis Ultra Short Term Fund Direct Growth?
The fund has generated 7.67% over the last 1 year and 6.26% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Axis Ultra Short Term Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 48.05% in bonds, and 51.71% in cash and cash equivalents.
Who manages the Axis Ultra Short Term Fund Direct Growth?
The fund managers responsible for Axis Ultra Short Term Fund Direct Growth are:-
- Aditya Pagaria
- Sachin Jain
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.