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Fund Overview

Fund Size

Fund Size

₹4,064 Cr

Expense Ratio

Expense Ratio

0.32%

ISIN

ISIN

INF846K01F40

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

No Charges

Inception Date

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, 7 months and 4 days, having been launched on 10-Sep-18.
As of 12-Apr-24, it has a Net Asset Value (NAV) of ₹14.25, Assets Under Management (AUM) of 4063.99 Crores, and an expense ratio of 0.32%.
  • Axis Ultra Short Term Fund Direct Growth has given a CAGR return of 6.54% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 46.57% in debts, and 53.15% 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

+7.66%

+6.30%(Cat. Avg.)

3 Years

+5.94%

+5.10%(Cat. Avg.)

5 Years

+6.23%

+4.98%(Cat. Avg.)

Since Inception

+6.54%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Debt1,892.78 Cr46.57%
Others2,171.21 Cr53.43%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Punjab National BankBond - Gov't Agency Debt285.69 Cr7.03%
Power Finance Corporation LimitedBond - Corporate Bond198.84 Cr4.89%
Tata Capital Housing Finance LimitedCash - Commercial Paper196.45 Cr4.83%
182 DTB 29082024Bond - Gov't/Treasury194.4 Cr4.78%
Net Receivables / (Payables)Cash-188.87 Cr4.65%
Godrej Industries LimitedBond - Corporate Bond174.8 Cr4.30%
Bharti Telecom LimitedBond - Corporate Bond99.89 Cr2.46%
Bank Of BarodaCash - CD/Time Deposit99.06 Cr2.44%
HDFC Bank LimitedCash - CD/Time Deposit98.49 Cr2.42%
Kotak Mahindra Prime LimitedBond - Corporate Bond98.24 Cr2.42%
India (Republic of)Bond - Short-term Government Bills97.47 Cr2.40%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit94.31 Cr2.32%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit94.29 Cr2.32%
HDFC Bank LimitedCash - CD/Time Deposit93.99 Cr2.31%
Yarrow Infrastructure Private LimitedBond - Corporate Bond93.92 Cr2.31%
ICICI Bank Ltd.Bond - Corporate Bond93.63 Cr2.30%
Indusind Bank Ltd.Bond - Corporate Bond93.23 Cr2.29%
Tata Realty And Infrastructure LimitedBond - Corporate Bond79.82 Cr1.96%
Bajaj Housing Finance LimitedBond - Corporate Bond74.62 Cr1.84%
Embassy Office Parks ReitBond - Corporate Bond74.35 Cr1.83%
Mindspace Business Park ReitCash - Commercial Paper73.95 Cr1.82%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit73.76 Cr1.82%
ICICI Bank LimitedCash - CD/Time Deposit72.46 Cr1.78%
HDFC Bank LimitedCash - CD/Time Deposit71.31 Cr1.75%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit71.12 Cr1.75%
360 One Prime Ltd. 9.2%Bond - Corporate Bond55.96 Cr1.38%
Magma Housing Finance LimitedBond - Corporate Bond54.88 Cr1.35%
Fullerton India Credit Company LtdBond - Corporate Bond50.17 Cr1.23%
Nirma Limited 8.3%Bond - Corporate Bond50.07 Cr1.23%
Tata Realty And Infrastructure LimitedBond - Corporate Bond50.02 Cr1.23%
Tata Capital Housing Finance LimitedBond - Corporate Bond50.01 Cr1.23%
LIC Housing Finance LtdBond - Corporate Bond50 Cr1.23%
Magma Housing Finance LimitedBond - Corporate Bond49.95 Cr1.23%
Godrej Properties LimitedBond - Corporate Bond49.82 Cr1.23%
Muthoot Finance LimitedCash - Commercial Paper48.82 Cr1.20%
182 DTB 22082024Bond - Gov't/Treasury48.67 Cr1.20%
Kotak Mahindra Bank Ltd.Bond - Corporate Bond48.23 Cr1.19%
Nuvama Wealth and Investment Ltd.Cash - Commercial Paper47.99 Cr1.18%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit47.48 Cr1.17%
India (Republic of)Bond - Short-term Government Bills47.34 Cr1.16%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit47.2 Cr1.16%
Canara BankCash - CD/Time Deposit47.17 Cr1.16%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit46.95 Cr1.16%
Birla Group Holdings Private LimitedCash - Commercial Paper46.66 Cr1.15%
The Federal Bank LimitedCash - CD/Time Deposit46.63 Cr1.15%
JM Financial Credit Solutions LimitedBond - Corporate Bond40.1 Cr0.99%
Tata Realty And Infrastructure LimitedBond - Corporate Bond39.78 Cr0.98%
India (Republic of)Bond - Short-term Government Bills33.97 Cr0.84%
Small Industries Development Bank Of IndiaBond - Corporate Bond29.85 Cr0.73%
Godrej Finance Ltd. 8.75%Bond - Corporate Bond25.05 Cr0.62%
Motilal Oswal Finvest LimitedCash - Commercial Paper24.97 Cr0.61%
Bajaj Finance Ltd.Cash - Commercial Paper24.88 Cr0.61%
Rural Electrification Corporation LimitedBond - Corporate Bond24.88 Cr0.61%
Clearing Corporation Of India LtdCash - Repurchase Agreement24.88 Cr0.61%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond24.79 Cr0.61%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit24.74 Cr0.61%
Bajaj Housing Finance LimitedBond - Corporate Bond24.62 Cr0.61%
Muthoot Finance LimitedCash - Commercial Paper24.4 Cr0.60%
Standard Chartered Investments And Loans (India) LimitedCash - Commercial Paper24.21 Cr0.60%
Punjab National BankCash - CD/Time Deposit23.39 Cr0.58%
G R Infraprojects LimitedBond - Corporate Bond19.94 Cr0.49%
Network18 Media & Investments LimitedCash - Commercial Paper19.91 Cr0.49%
Jm Financial Credit Solutions Limited 9.3%Bond - Corporate Bond14.73 Cr0.36%
SANSAR TRUST AUGUST 2022Bond - Asset Backed13.43 Cr0.33%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2Mutual Fund - Open End11.09 Cr0.27%
08.09 KL Sdl 2025Bond - Gov't/Treasury10.08 Cr0.25%
07.62 Tn SDL 2026Bond - Gov't/Treasury10.06 Cr0.25%
Nirma LimitedBond - Corporate Bond10.02 Cr0.25%
JM Financial Products LimitedBond - Corporate Bond9.87 Cr0.24%
IDFC First Bank Ltd.Bond - Corporate Bond5.97 Cr0.15%
Indusind Bank Ltd.Bond - Corporate Bond5.97 Cr0.15%
RBL Bank Ltd.Bond - Corporate Bond5.97 Cr0.15%
Goi 26.04.2024 GovBond - Gov't/Treasury5.38 Cr0.13%
07.63 AP Sdl 2026Bond - Gov't/Treasury5.03 Cr0.12%
182 DTB 30052024Bond - Gov't/Treasury4.95 Cr0.12%
J. K. Cement Limited.Bond - Corporate Bond1.99 Cr0.05%
Godrej Industries LimitedCash - Commercial Paper1.49 Cr0.04%
Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (03/12/2025) (Fv 50Interest Rate Swap0.21 Cr0.01%
Interest Rate Swaps Pay Fix Receive Floating -Nomura (20/01/2025) (Fv 5000Interest Rate Swap0.08 Cr0.00%
Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (27/02/2026) (Fv 500Interest Rate Swap0.06 Cr0.00%
Interest Rate Swaps Pay Fix Receive Floating -Idfc Bank (27/02/2026) (Fv 50Interest Rate Swap0.05 Cr0.00%
Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (26/03/2025) (Fv 125Interest Rate Swap-0.03 Cr0.00%
Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (26/12/2024) (Fv 12Interest Rate Swap-0.01 Cr0.00%

Allocation By Credit Quality (Debt)

AAA

AA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond1,873.99 Cr46.11%
Cash - CD/Time Deposit1,052.36 Cr25.89%
Cash - Commercial Paper533.73 Cr13.13%
Bond - Gov't Agency Debt285.69 Cr7.03%
Bond - Gov't/Treasury278.55 Cr6.85%
Cash-188.87 Cr4.65%
Bond - Short-term Government Bills178.78 Cr4.40%
Cash - Repurchase Agreement24.88 Cr0.61%
Bond - Asset Backed13.43 Cr0.33%
Mutual Fund - Open End11.09 Cr0.27%
Interest Rate Swap0.35 Cr0.01%

Risk & Performance Ratios

Standard Deviation

This fund

0.52%

Cat. avg.

0.72%

Lower the better

Sharpe Ratio

This fund

1.59

Cat. avg.

-0.72

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.04

Higher the better

Fund Managers

AP

Aditya Pagaria

Since September 2018

SJ

Sachin Jain

Since September 2020

Additional Scheme Detailsas of 31st March 2024

ISININF846K01F40Expense Ratio0.32%Exit LoadNo ChargesFund Size₹4,064 CrAge10 Sep 2018Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNIFTY Ultra Short Duration Debt TR INR

Investment ObjectiveInvestment 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 nameExpense RatioExit LoadFund size
1Y
PGIM India Ultra Short Duration Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹249.48 Cr6.7%
Canara Robeco Ultra Short Term Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹459.91 Cr6.5%
Baroda BNP Paribas Ultra Short Duration Fund Regular Growth

Low to Moderate Risk

0.5%0.0%₹937.62 Cr7.3%
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹937.62 Cr7.6%
LIC MF Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹268.35 Cr6.8%
LIC MF Ultra Short Duration Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹268.35 Cr6.3%
UTI Ultra Short Term Fund Regular Growth

Moderate Risk

1.0%0.0%₹2196.92 Cr7.0%
Nippon India Ultra Short Duration Fund Regular Growth

Moderate Risk

1.1%0.0%₹4332.44 Cr6.9%
Mahindra Manulife Ultra Short Duration Fund Regular Growth

Moderate Risk

0.7%0.0%₹195.36 Cr7.1%
Mahindra Manulife Ultra Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹195.36 Cr7.5%

About the AMC

Total AUM

₹2,78,720 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth

Moderate Risk

-0.0%--
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹71.47 Cr-
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.4%1.0%₹4079.13 Cr-
Axis Fixed Term Plan Series 118 100 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 113 1228 Days Direct Growth

Low to Moderate Risk

-0.0%-7.1%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 105 1128 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 112 1143 Days Direct Growth

Low to Moderate Risk

-0.0%-7.2%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹77.20 Cr6.6%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹13728.71 Cr6.9%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

1.0%1.0%₹922.09 Cr25.4%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹240.82 Cr78.7%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹11670.37 Cr34.7%
Axis Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹7272.40 Cr7.7%
Axis Equity Hybrid Fund Direct Growth

Very High Risk

1.0%1.0%₹1586.00 Cr23.0%
Axis Special Situations Fund Direct Growth

Very High Risk

1.1%1.0%₹1202.39 Cr41.6%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹5363.14 Cr7.5%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹1371.79 Cr35.9%
Axis Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹3931.16 Cr8.2%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.6%1.0%₹132.21 Cr-11.2%
Axis Value Fund Direct Growth

Very High Risk

1.0%1.0%₹499.14 Cr51.6%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderately High risk

0.2%1.0%₹173.73 Cr7.2%
Axis Gilt Fund Direct Growth

Moderate Risk

0.4%0.0%₹285.72 Cr7.8%
Axis Bluechip Fund Direct Growth

Very High Risk

0.7%1.0%₹33523.02 Cr31.5%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1708.41 Cr7.3%
Axis Gold Fund Direct Growth

High Risk

0.2%1.0%₹410.00 Cr19.0%
Axis Focused 25 Fund Direct Growth

Very High Risk

0.8%1.0%₹14086.94 Cr35.3%
Axis Regular Saver Fund Direct Growth

Very High Risk

0.9%1.0%₹342.01 Cr11.1%
Axis Strategic Bond Fund Direct Growth

Moderately High risk

0.3%1.0%₹1985.48 Cr8.0%
Axis Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹35473.88 Cr39.3%
Axis Short Term Fund Direct Growth

Moderate Risk

0.3%0.0%₹7797.42 Cr7.4%
Axis Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹22169.19 Cr7.3%
Axis Multi Asset Allocation Fund Direct Growth

Very High Risk

1.3%1.0%₹1173.79 Cr22.3%
Axis Midcap Fund Direct Growth

Very High Risk

0.5%1.0%₹25536.68 Cr43.7%
Axis Treasury Advantage Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹5100.92 Cr7.6%
Axis Equity Saver Fund Direct Growth

Moderately High risk

1.1%1.0%₹902.05 Cr20.2%
Axis Balanced Advantage Fund Direct Growth

Moderately High risk

0.9%1.0%₹2102.69 Cr28.3%
Axis Nifty Midcap 50 Index Fund Direct Growth

Low Risk

0.2%0.0%₹264.67 Cr62.2%
Axis Nifty IT Index Fund Direct Growth

Very High Risk

0.3%0.0%₹115.13 Cr-
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹33.62 Cr6.7%
Axis Credit Risk Fund Direct Growth

Moderately High risk

0.8%1.0%₹463.99 Cr7.8%
Axis Ultra Short Term Fund Direct Growth

Moderate Risk

0.3%0.0%₹4063.99 Cr7.7%
Axis Multicap Fund Direct Growth

Very High Risk

0.9%1.0%₹5081.24 Cr53.5%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹68.14 Cr6.9%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth

Low to Moderate Risk

0.1%0.0%₹290.25 Cr6.9%
Axis Silver Fund of Funds Direct Growth

Very High Risk

0.1%0.0%₹34.43 Cr11.7%
Axis Nifty Next 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹135.86 Cr63.8%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹538.54 Cr7.2%
Axis Long Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹200.43 Cr8.0%
Axis Nifty 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹431.54 Cr27.6%

Risk Level

Your principal amount will be at Moderate Risk

Moderate Risk
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The NAV of Axis Ultra Short Term Fund Direct Growth, as of 12-Apr-2024, is ₹14.25.
The fund has generated 7.66% over the last 1 year and 5.94% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 46.57% in bonds, and 53.15% in cash and cash equivalents.
The fund managers responsible for Axis Ultra Short Term Fund Direct Growth are:-
  1. Aditya Pagaria
  2. Sachin Jain