Axis Ultra Short Term Fund Regular Growth
DebtUltra Short DurationModerate Risk
Regular
NAV (18-Jun-25)
₹14.710.01%1D
Returns (Since Inception)
5.87%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹6,211 Cr
Expense Ratio
1.18%
ISIN
INF846K01G23
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
10 Sep 2018
About this fund
Axis Ultra Short Term Fund Regular Growth is a Ultra Short Duration mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 6 years, 9 months and 9 days, having been launched on 10-Sep-18.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹14.71, Assets Under Management (AUM) of 6210.81 Crores, and an expense ratio of 1.18%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹14.71, Assets Under Management (AUM) of 6210.81 Crores, and an expense ratio of 1.18%.
- Axis Ultra Short Term Fund Regular Growth has given a CAGR return of 5.87% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 42.18% in debts, and 57.55% in cash & cash equivalents.
- You can start investing in Axis Ultra Short Term Fund Regular 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
+7.22%
+7.18% (Cat Avg.)
3 Years
+6.64%
+6.70% (Cat Avg.)
5 Years
+5.36%
+5.53% (Cat Avg.)
Since Inception
+5.87%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Debt | ₹2,619.97 Cr | 42.18% |
| Others | ₹3,590.84 Cr | 57.82% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Punjab National Bank | Cash - CD/Time Deposit | ₹411.41 Cr | 6.62% |
| Rec Limited | Bond - Corporate Bond | ₹226.11 Cr | 3.64% |
| 182 DTB 12062025 | Bond - Gov't/Treasury | ₹219.62 Cr | 3.54% |
| Nuvoco Vistas Corporation Limited | Cash - Commercial Paper | ₹193.84 Cr | 3.12% |
| Bank Of Baroda** | Cash - CD/Time Deposit | ₹193.27 Cr | 3.11% |
| Torrent Electricals Limited (27/08/2025) ** | Cash - Commercial Paper | ₹172.14 Cr | 2.77% |
| Barclays Investments & Loans (India) Private Limited | Cash - Commercial Paper | ₹146.74 Cr | 2.36% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹146.05 Cr | 2.35% |
| 07.47 GJ Sgs 2025 | Bond - Gov't/Treasury | ₹145.95 Cr | 2.35% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹143.74 Cr | 2.31% |
| Torrent Power Limited | Bond - Corporate Bond | ₹126.45 Cr | 2.04% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹122.68 Cr | 1.98% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹116.07 Cr | 1.87% |
| 07.99 MH Sdl 2025 | Bond - Gov't/Treasury | ₹100.86 Cr | 1.62% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹100.61 Cr | 1.62% |
| ICICI Home Finance Company Limited | Bond - Corporate Bond | ₹100.43 Cr | 1.62% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹100.24 Cr | 1.61% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹97.32 Cr | 1.57% |
| Indian Bank | Cash - CD/Time Deposit | ₹97.3 Cr | 1.57% |
| IDFC Bank Limited | Cash - CD/Time Deposit | ₹96.99 Cr | 1.56% |
| TATA Teleservices Limited | Cash - Commercial Paper | ₹96.9 Cr | 1.56% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹96.7 Cr | 1.56% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹96.13 Cr | 1.55% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹95.78 Cr | 1.54% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹95.61 Cr | 1.54% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹95.61 Cr | 1.54% |
| Canara Bank | Cash - CD/Time Deposit | ₹95.26 Cr | 1.53% |
| Indian Bank | Cash - CD/Time Deposit | ₹95.25 Cr | 1.53% |
| Infina Finance Pvt Ltd. | Cash - Commercial Paper | ₹93.45 Cr | 1.50% |
| Net Receivables / (Payables) | Cash - Collateral | ₹85.65 Cr | 1.38% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹75.6 Cr | 1.22% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹74.95 Cr | 1.21% |
| Nuvama Clearing Services Ltd. | Cash - Commercial Paper | ₹72.36 Cr | 1.17% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹70.28 Cr | 1.13% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹61.78 Cr | 0.99% |
| INDIA UNIVERSAL TRUST AL1 | Bond - Asset Backed | ₹61 Cr | 0.98% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹60.59 Cr | 0.98% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹60.56 Cr | 0.98% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹60.34 Cr | 0.97% |
| INDIA UNIVERSAL TRUST AL2 | Bond - Asset Backed | ₹60.09 Cr | 0.97% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹56.13 Cr | 0.90% |
| 08.31 AP Sdl 2025 | Bond - Gov't/Treasury | ₹55.21 Cr | 0.89% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹55.21 Cr | 0.89% |
| Nuvama Wealth Finance Limited | Bond - Corporate Bond | ₹55.02 Cr | 0.89% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹50.49 Cr | 0.81% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹50.41 Cr | 0.81% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹50.27 Cr | 0.81% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹50.23 Cr | 0.81% |
| Reliance Life Sciences Private Limited | Bond - Corporate Bond | ₹50.21 Cr | 0.81% |
| SANSAR JAN 2025 TRUST | Bond - Asset Backed | ₹50.14 Cr | 0.81% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹50.06 Cr | 0.81% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹49.79 Cr | 0.80% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹49.31 Cr | 0.79% |
| Small Industries Development Bank of India | Cash - CD/Time Deposit | ₹48.75 Cr | 0.78% |
| ICICI Bank Ltd. | Cash - CD/Time Deposit | ₹48.59 Cr | 0.78% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹48.41 Cr | 0.78% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹47.64 Cr | 0.77% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹47.62 Cr | 0.77% |
| TRuhome Finance Limited | Bond - Corporate Bond | ₹45.21 Cr | 0.73% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹45.16 Cr | 0.73% |
| SANSAR JUNE 2024 TRUST | Bond - Asset Backed | ₹35.36 Cr | 0.57% |
| Mankind Pharma Limited | Bond - Corporate Bond | ₹35.29 Cr | 0.57% |
| 08.38 RJ Sdl 2026 | Bond - Gov't/Treasury | ₹30.48 Cr | 0.49% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹25.45 Cr | 0.41% |
| Godrej Finance Limited | Bond - Corporate Bond | ₹25.41 Cr | 0.41% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.25 Cr | 0.41% |
| Reliance Life Sciences Private Limited | Bond - Corporate Bond | ₹25.2 Cr | 0.41% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹25.12 Cr | 0.40% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹25.12 Cr | 0.40% |
| 08.27 KL Sdl 2025 | Bond - Gov't/Treasury | ₹25.11 Cr | 0.40% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹25.1 Cr | 0.40% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹25.01 Cr | 0.40% |
| Bajaj Financial Securities Limited | Cash - Commercial Paper | ₹24.96 Cr | 0.40% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹24.92 Cr | 0.40% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹24.89 Cr | 0.40% |
| Canara Bank | Cash - CD/Time Deposit | ₹24.15 Cr | 0.39% |
| 08.17 Tn SDL 2025 | Bond - Gov't/Treasury | ₹20.22 Cr | 0.33% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Mutual Fund - Open End | ₹16.58 Cr | 0.27% |
| TATA Projects Limited | Bond - Corporate Bond | ₹15.12 Cr | 0.24% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹15.1 Cr | 0.24% |
| 07.62 Tn SDL 2026 | Bond - Gov't/Treasury | ₹10.2 Cr | 0.16% |
| Nirma Limited | Bond - Corporate Bond | ₹10.07 Cr | 0.16% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹10 Cr | 0.16% |
| 07.63 AP Sdl 2026 | Bond - Gov't/Treasury | ₹5.1 Cr | 0.08% |
| Sundaram Home Finance Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.08% |
| Kotak Mahindra Prime Limited | Cash - Commercial Paper | ₹4.86 Cr | 0.08% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹4.84 Cr | 0.08% |
| TATA Projects Limited | Bond - Corporate Bond | ₹4.03 Cr | 0.06% |
| Interest Rate Swaps Pay Fix Receive Floating -Idfc Bank (20/11/2025) (Fv 12 | Interest Rate Swap | ₹-0.35 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (23/01/2026) (Fv 7500 | Interest Rate Swap | ₹-0.33 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (30/01/2026) (Fv 75 | Interest Rate Swap | ₹-0.31 Cr | 0.01% |
| Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (15/09/2025) (Fv 20 | Interest Rate Swap | ₹-0.29 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Idfc Bank (19/12/2025) (Fv 10 | Interest Rate Swap | ₹-0.25 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (19/12/2025) (Fv 100 | Interest Rate Swap | ₹-0.25 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icici Bank (27/04/2026) (Fv 1 | Interest Rate Swap | ₹-0.19 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (13/09/2025) (Fv 100 | Interest Rate Swap | ₹-0.18 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Idfc Bank (12/09/2025) (Fv 10 | Interest Rate Swap | ₹-0.14 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (13/09/2025) (Fv 10000 | Interest Rate Swap | ₹-0.14 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (11/09/2025) (Fv 5000 | Interest Rate Swap | ₹-0.08 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (21/02/2026) (Fv 200 | Interest Rate Swap | ₹-0.07 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (06/08/2025) (Fv 5000 | Interest Rate Swap | ₹-0.05 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (19/11/2025) (Fv 10 | Interest Rate Swap | ₹-0.04 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (06/02/2026) (Fv 10000 | Interest Rate Swap | ₹-0.03 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icici Bank (05/06/2025) (Fv 2 | 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 | ₹2,163.42 Cr | 34.83% |
| Cash - CD/Time Deposit | ₹2,029.68 Cr | 32.68% |
| Cash - Commercial Paper | ₹976.19 Cr | 15.72% |
| Bond - Gov't/Treasury | ₹612.75 Cr | 9.87% |
| Bond - Asset Backed | ₹206.58 Cr | 3.33% |
| Cash - Repurchase Agreement | ₹122.68 Cr | 1.98% |
| Cash - Collateral | ₹85.65 Cr | 1.38% |
| Mutual Fund - Open End | ₹16.58 Cr | 0.27% |
| Interest Rate Swap | ₹-2.72 Cr | 0.04% |
Risk & Performance Ratios
Standard Deviation
This fund
0.32%
Cat. avg.
0.49%
Lower the better
Sharpe Ratio
This fund
-0.41
Cat. avg.
0.28
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.10
Higher the better
Fund Managers
SJ
Sachin Jain
Since September 2020
Hardik Shah
Since November 2024
Additional Scheme Detailsas of 31st May 2025
ISIN | INF846K01G23 | Expense Ratio | 1.18% | Exit Load | No Charges | Fund Size | ₹6,211 Cr | Age | 6 years 9 months | 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  |
|---|---|---|---|---|
| Franklin India Ultra Short Duration Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹251.57 Cr | - |
| Franklin India Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹251.57 Cr | - |
| Invesco India Ultra Short Term Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹1051.40 Cr | 8.0% |
| Motilal Oswal Ultra Short Term Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹572.44 Cr | 6.0% |
| Motilal Oswal Ultra Short Term Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹572.44 Cr | 6.6% |
| ITI Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹162.92 Cr | 6.8% |
| ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹162.92 Cr | 7.7% |
| Sundaram Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹2550.51 Cr | 8.0% |
| Nippon India Ultra Short Duration Fund Direct Growth Moderate Risk | 0.4% | 0.0% | ₹8772.15 Cr | 8.2% |
| Kotak Savings Fund Direct Growth Low to Moderate Risk | 0.4% | 0.0% | ₹15401.47 Cr | 7.9% |
About the AMC
Total AUM
₹3,22,563 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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What is the current NAV of Axis Ultra Short Term Fund Regular Growth?
The NAV of Axis Ultra Short Term Fund Regular Growth, as of 18-Jun-2025, is ₹14.71.
What are the returns of Axis Ultra Short Term Fund Regular Growth?
The fund has generated 7.22% over the last 1 year and 6.64% 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 Regular Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 42.18% in bonds, and 57.55% in cash and cash equivalents.
Who manages the Axis Ultra Short Term Fund Regular Growth?
The fund managers responsible for Axis Ultra Short Term Fund Regular Growth are:-
- Sachin Jain
- Hardik Shah
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.