Axis Ultra Short Term Fund Direct Growth
DebtUltra Short DurationLow to Moderate Risk
Direct
NAV (06-Sep-24)
₹14.670.01%1D
Returns (Since Inception)
6.61%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹5,204 Cr
Expense Ratio
0.36%
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, 11 months and 29 days, having been launched on 10-Sep-18.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹14.67, Assets Under Management (AUM) of 5203.92 Crores, and an expense ratio of 0.36%.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹14.67, Assets Under Management (AUM) of 5203.92 Crores, and an expense ratio of 0.36%.
- Axis Ultra Short Term Fund Direct Growth has given a CAGR return of 6.61% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 44.96% in debts, and 54.81% 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
+7.70%
+6.45% (Cat Avg.)
3 Years
+6.36%
+5.54% (Cat Avg.)
5 Years
+6.12%
+5.06% (Cat Avg.)
Since Inception
+6.61%
— (Cat Avg.)
Portfolio Summaryas of 15th August 2024
| Debt | ₹2,339.72 Cr | 44.96% |
| Others | ₹2,864.2 Cr | 55.04% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Bank Of Baroda | Cash - CD/Time Deposit | ₹294.05 Cr | 5.65% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹286.31 Cr | 5.50% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹261.93 Cr | 5.03% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹199.84 Cr | 3.84% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹188.63 Cr | 3.62% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹169.81 Cr | 3.26% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹168.87 Cr | 3.25% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹146.49 Cr | 2.81% |
| Larsen And Toubro Limited | Bond - Corporate Bond | ₹124.82 Cr | 2.40% |
| Net Receivables / (Payables) | Cash - Collateral | ₹107.17 Cr | 2.06% |
| Piramal Housing Finance Limited | Cash - Commercial Paper | ₹99.77 Cr | 1.92% |
| Aditya Birla Housing Finance Limited | Cash - Commercial Paper | ₹97.92 Cr | 1.88% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹97.54 Cr | 1.87% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹96.93 Cr | 1.86% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹96.93 Cr | 1.86% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹96.54 Cr | 1.86% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹96.18 Cr | 1.85% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹96.1 Cr | 1.85% |
| 08.29 KL Sdl 2025 | Bond - Gov't/Treasury | ₹86.03 Cr | 1.65% |
| 360 One Prime Ltd. | Bond - Corporate Bond | ₹83.04 Cr | 1.60% |
| 05.77 KL Sdl 2025 | Bond - Gov't/Treasury | ₹79.3 Cr | 1.52% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹74.67 Cr | 1.43% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹74.63 Cr | 1.43% |
| 182 DTB 14112024 | Bond - Gov't/Treasury | ₹73.8 Cr | 1.42% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹72.49 Cr | 1.39% |
| Canara Bank | Cash - CD/Time Deposit | ₹72.01 Cr | 1.38% |
| Motilal Oswal Financial Services Limited | Cash - Commercial Paper | ₹70.07 Cr | 1.35% |
| Torrent Power Limited | Bond - Corporate Bond | ₹64.4 Cr | 1.24% |
| 05.75 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹59.46 Cr | 1.14% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹55.8 Cr | 1.07% |
| Magma Housing Finance Limited | Bond - Corporate Bond | ₹54.95 Cr | 1.06% |
| SANSAR JUNE 2024 TRUST | Bond - Asset Backed | ₹50.07 Cr | 0.96% |
| TATA Motors Limited | Bond - Corporate Bond | ₹50.06 Cr | 0.96% |
| Fullerton India Credit Company Ltd | Bond - Corporate Bond | ₹50.06 Cr | 0.96% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹50.05 Cr | 0.96% |
| Magma Housing Finance Limited | Bond - Corporate Bond | ₹50 Cr | 0.96% |
| Nirma Limited 8.3% | Bond - Corporate Bond | ₹49.99 Cr | 0.96% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹49.97 Cr | 0.96% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹49.84 Cr | 0.96% |
| TATA Projects Limited | Bond - Corporate Bond | ₹49.77 Cr | 0.96% |
| Nuvama Wealth And Invest Limited | Cash - Commercial Paper | ₹49.76 Cr | 0.96% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹49.73 Cr | 0.96% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹48.84 Cr | 0.94% |
| Nuvama Wealth Finance Limited | Cash - Commercial Paper | ₹48.59 Cr | 0.93% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹48.52 Cr | 0.93% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.48 Cr | 0.93% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹48.11 Cr | 0.92% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹47.95 Cr | 0.92% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹47.91 Cr | 0.92% |
| Mahanagar Telephone Nigam Limited | Bond - Corporate Bond | ₹47.25 Cr | 0.91% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹44.97 Cr | 0.86% |
| 182 DTB 29082024 | Bond - Gov't/Treasury | ₹44.9 Cr | 0.86% |
| Tmf Holdings Limited | Bond - Corporate Bond | ₹40.03 Cr | 0.77% |
| India (Republic of) | Bond - Short-term Government Bills | ₹34.88 Cr | 0.67% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹29.86 Cr | 0.57% |
| The Tata Power Company Limited | Bond - Corporate Bond | ₹25.99 Cr | 0.50% |
| 08.27 KL Sdl 2025 | Bond - Gov't/Treasury | ₹25.3 Cr | 0.49% |
| Godrej Finance Ltd. 8.75% | Bond - Corporate Bond | ₹25.09 Cr | 0.48% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹25.03 Cr | 0.48% |
| Motilal Oswal Finvest Limited | Cash - Commercial Paper | ₹25 Cr | 0.48% |
| ICICI Home Finance Company Limited | Bond - Corporate Bond | ₹25 Cr | 0.48% |
| Tmf Holdings Limited | Bond - Corporate Bond | ₹24.88 Cr | 0.48% |
| Julius Baer Capital (India) Private Limited | Cash - Commercial Paper | ₹24.85 Cr | 0.48% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹24.84 Cr | 0.48% |
| 05.95 Tn SDL 2025 | Bond - Gov't/Treasury | ₹24.84 Cr | 0.48% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹24.81 Cr | 0.48% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹24.76 Cr | 0.48% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹24.34 Cr | 0.47% |
| 08.17 Tn SDL 2025 | Bond - Gov't/Treasury | ₹20.29 Cr | 0.39% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Mutual Fund - Open End | ₹11.87 Cr | 0.23% |
| 07.62 Tn SDL 2026 | Bond - Gov't/Treasury | ₹10.11 Cr | 0.19% |
| 08.09 KL Sdl 2025 | Bond - Gov't/Treasury | ₹10.07 Cr | 0.19% |
| Nirma Limited | Bond - Corporate Bond | ₹10.02 Cr | 0.19% |
| ICICI Bank Limited | Bond - Corporate Bond | ₹10.01 Cr | 0.19% |
| Godrej Housing Finance Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.19% |
| JM Financial Products Limited | Bond - Corporate Bond | ₹9.9 Cr | 0.19% |
| 07.63 AP Sdl 2026 | Bond - Gov't/Treasury | ₹5.06 Cr | 0.10% |
| SANSAR TRUST AUGUST 2022 | Bond - Asset Backed | ₹3.4 Cr | 0.07% |
| Goi Strips 06092024 | Bond - Gov't/Treasury | ₹2.78 Cr | 0.05% |
| Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (18/05/2026) (Fv 50 | Interest Rate Swap | ₹-0.21 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (27/06/2025) (Fv 100 | Interest Rate Swap | ₹-0.18 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (18/01/2025) (Fv 5000 | Interest Rate Swap | ₹0.04 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (14/11/2024) (Fv 500 | Interest Rate Swap | ₹-0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (04/10/2024) (Fv 750 | Interest Rate Swap | ₹-0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (04/10/2024) (Fv 7500 | Interest Rate Swap | ₹-0.01 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% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹2,063.74 Cr | 39.66% |
| Cash - CD/Time Deposit | ₹1,689.74 Cr | 32.47% |
| Cash - Commercial Paper | ₹560.16 Cr | 10.76% |
| Bond - Gov't/Treasury | ₹441.93 Cr | 8.49% |
| Cash - Repurchase Agreement | ₹168.87 Cr | 3.25% |
| Cash - Collateral | ₹107.17 Cr | 2.06% |
| Bond - Gov't Agency Debt | ₹72.49 Cr | 1.39% |
| Bond - Asset Backed | ₹53.46 Cr | 1.03% |
| Bond - Short-term Government Bills | ₹34.88 Cr | 0.67% |
| Mutual Fund - Open End | ₹11.87 Cr | 0.23% |
| Interest Rate Swap | ₹-0.39 Cr | 0.01% |
Risk & Performance Ratios
Standard Deviation
This fund
0.53%
Cat. avg.
0.75%
Lower the better
Sharpe Ratio
This fund
1.50
Cat. avg.
-0.82
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.38
Higher the better
Fund Managers
AP
Aditya Pagaria
Since September 2018
SJ
Sachin Jain
Since September 2020
Additional Scheme Detailsas of 15th August 2024
ISIN | INF846K01F40 | Expense Ratio | 0.36% | Exit Load | No Charges | Fund Size | ₹5,204 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
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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% | ₹236.10 Cr | 6.7% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹551.95 Cr | 6.6% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1247.36 Cr | 7.3% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1247.36 Cr | 7.5% |
| LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹195.99 Cr | 7.4% |
| LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹195.99 Cr | 6.6% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 1.0% | 0.0% | ₹2139.50 Cr | 7.0% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹7599.90 Cr | 7.0% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹250.38 Cr | 7.1% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹250.38 Cr | 7.6% |
About the AMC
Total AUM
₹3,09,497 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 Low to Moderate Risk
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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 06-Sep-2024, is ₹14.67.
What are the returns of Axis Ultra Short Term Fund Direct Growth?
The fund has generated 7.70% over the last 1 year and 6.36% 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, 44.96% in bonds, and 54.81% 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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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.
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.