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Axis Ultra Short Term Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (21-Nov-24)
₹14.910.03%1D
Returns (Since Inception)
6.65%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹6,236 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 6 years, 2 months and 12 days, having been launched on 10-Sep-18.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹14.91, Assets Under Management (AUM) of 6235.93 Crores, and an expense ratio of 0.36%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹14.91, Assets Under Management (AUM) of 6235.93 Crores, and an expense ratio of 0.36%.
- Axis Ultra Short Term Fund Direct Growth has given a CAGR return of 6.65% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 44.93% in debts, and 54.88% 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
+7.89%
+6.45% (Cat Avg.)
3 Years
+6.69%
+5.73% (Cat Avg.)
5 Years
+6.11%
+5.17% (Cat Avg.)
Since Inception
+6.65%
— (Cat Avg.)
Portfolio Summaryas of 15th November 2024
| Debt | ₹2,801.65 Cr | 44.93% |
| Others | ₹3,434.27 Cr | 55.07% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹362.02 Cr | 5.81% |
| Punjab National Bank (02/04/2025) | Cash | ₹267.58 Cr | 4.29% |
| Idfc First Bank Limited (15/01/2025) | Cash | ₹247.08 Cr | 3.96% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹200.02 Cr | 3.21% |
| Bank Of Baroda (03/03/2025) | Cash | ₹195.88 Cr | 3.14% |
| Hdfc Bank Limited (02/06/2025) | Cash | ₹192.26 Cr | 3.08% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹149.57 Cr | 2.40% |
| Adani Ports And Special Economic Zone Limited (27/12/2024) ** | Cash | ₹148.76 Cr | 2.39% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹148.69 Cr | 2.38% |
| Hdfc Bank Limited (20/02/2025) | Cash | ₹147.22 Cr | 2.36% |
| Canara Bank (28/02/2025) | Cash | ₹146.99 Cr | 2.36% |
| Idfc First Bank Limited (27/05/2025) | Cash | ₹144.3 Cr | 2.31% |
| Punjab National Bank (20/02/2025) | Cash | ₹122.68 Cr | 1.97% |
| ICICI Home Finance Company Limited | Bond - Corporate Bond | ₹110.01 Cr | 1.76% |
| 08.36 MH Sdl 2026 | Bond - Gov't/Treasury | ₹102.73 Cr | 1.65% |
| India Infradebt Limited | Bond - Corporate Bond | ₹100.04 Cr | 1.60% |
| Shriram Transport Finance Company Limited | Bond - Corporate Bond | ₹99.79 Cr | 1.60% |
| Indusind Bank Limited (18/02/2025) | Cash | ₹98.18 Cr | 1.57% |
| Punjab National Bank (25/02/2025) | Cash | ₹98.05 Cr | 1.57% |
| Hdfc Bank Limited (28/02/2025) | Cash | ₹98 Cr | 1.57% |
| Small Industries Dev Bank Of India (28/02/2025) ** | Cash | ₹97.98 Cr | 1.57% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹97.68 Cr | 1.57% |
| INDIA UNIVERSAL TRUST AL1 | Bond - Asset Backed | ₹95.27 Cr | 1.53% |
| Mankind Pharma Limited (17/04/2025) ** | Cash | ₹87.22 Cr | 1.40% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹85.02 Cr | 1.36% |
| India Grid TRust | Bond - Corporate Bond | ₹84.92 Cr | 1.36% |
| 05.77 KL Sdl 2025 | Bond - Gov't/Treasury | ₹79.58 Cr | 1.28% |
| 08.30 MP Sdl 2026 | Bond - Gov't/Treasury | ₹76.19 Cr | 1.22% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹74.88 Cr | 1.20% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹74.75 Cr | 1.20% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹74.61 Cr | 1.20% |
| Net Receivables / (Payables) | Cash - Collateral | ₹74.3 Cr | 1.19% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹74.22 Cr | 1.19% |
| Canara Bank (06/03/2025) | Cash | ₹73.41 Cr | 1.18% |
| Small Industries Dev Bank Of India (26/06/2025) ** | Cash | ₹71.75 Cr | 1.15% |
| Motilal Oswal Financial Services Limited (09/06/2025) ** | Cash | ₹71.6 Cr | 1.15% |
| 08.34 Up SDL 2026 | Bond - Gov't/Treasury | ₹71.13 Cr | 1.14% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹70.12 Cr | 1.12% |
| Torrent Power Limited | Bond - Corporate Bond | ₹64.69 Cr | 1.04% |
| 05.75 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹59.68 Cr | 0.96% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹56.01 Cr | 0.90% |
| 08.31 AP Sdl 2025 | Bond - Gov't/Treasury | ₹55.56 Cr | 0.89% |
| Magma Housing Finance Limited | Bond - Corporate Bond | ₹55 Cr | 0.88% |
| 07.38 KL Sdl 2026 | Bond - Gov't/Treasury | ₹50.46 Cr | 0.81% |
| SANSAR JUNE 2024 TRUST | Bond - Asset Backed | ₹50.2 Cr | 0.80% |
| Fullerton India Credit Company Ltd | Bond - Corporate Bond | ₹50.06 Cr | 0.80% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹50.04 Cr | 0.80% |
| Nirma Limited 8.3% | Bond - Corporate Bond | ₹50.04 Cr | 0.80% |
| Reliance Life Sciences Pvt Ltd. 7.7954% | Bond - Corporate Bond | ₹50.01 Cr | 0.80% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹49.97 Cr | 0.80% |
| TATA Projects Limited | Bond - Corporate Bond | ₹49.96 Cr | 0.80% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹49.79 Cr | 0.80% |
| Nuvama Wealth Finance Limited (09/12/2024) ** | Cash | ₹49.73 Cr | 0.80% |
| Nuvama Wealth Management Limited (16/12/2024) ** | Cash | ₹49.64 Cr | 0.80% |
| Nuvama Wealth Finance Limited (20/12/2024) ** | Cash | ₹49.6 Cr | 0.80% |
| Canara Bank (07/03/2025) | Cash | ₹48.93 Cr | 0.78% |
| Union Bank Of India (18/03/2025) | Cash | ₹48.82 Cr | 0.78% |
| Indusind Bank Limited (21/03/2025) | Cash | ₹48.79 Cr | 0.78% |
| Mahanagar Telephone Nigam Limited | Bond - Corporate Bond | ₹47.21 Cr | 0.76% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹45.1 Cr | 0.72% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹44.78 Cr | 0.72% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹40.11 Cr | 0.64% |
| Mankind Pharma Ltd | Bond - Corporate Bond | ₹35.11 Cr | 0.56% |
| Shriram Housing Finance Limited | Bond - Corporate Bond | ₹35.05 Cr | 0.56% |
| 08.27 KL Sdl 2025 | Bond - Gov't/Treasury | ₹25.26 Cr | 0.41% |
| Godrej Finance Ltd. 8.75% | Bond - Corporate Bond | ₹25.2 Cr | 0.40% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹25.04 Cr | 0.40% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.40% |
| Reliance Life Sciences Pvt Ltd. 7.7954% | Bond - Corporate Bond | ₹25.01 Cr | 0.40% |
| India Grid Trust | Bond - Asset Backed | ₹24.97 Cr | 0.40% |
| Tmf Holdings Limited | Bond - Corporate Bond | ₹24.94 Cr | 0.40% |
| 05.95 Tn SDL 2025 | Bond - Gov't/Treasury | ₹24.92 Cr | 0.40% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.91 Cr | 0.40% |
| Tata Projects Limited (05/03/2025) | Cash | ₹24.45 Cr | 0.39% |
| 08.17 Tn SDL 2025 | Bond - Gov't/Treasury | ₹20.28 Cr | 0.33% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Mutual Fund - Open End | ₹11.98 Cr | 0.19% |
| 07.62 Tn SDL 2026 | Bond - Gov't/Treasury | ₹10.12 Cr | 0.16% |
| 08.09 KL Sdl 2025 | Bond - Gov't/Treasury | ₹10.04 Cr | 0.16% |
| Nirma Limited | Bond - Corporate Bond | ₹10.04 Cr | 0.16% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹9.95 Cr | 0.16% |
| 07.63 AP Sdl 2026 | Bond - Gov't/Treasury | ₹5.06 Cr | 0.08% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹4.99 Cr | 0.08% |
| Hdfc Bank Limited (09/01/2025) | Cash | ₹4.95 Cr | 0.08% |
| Interest Rate Swaps Pay Fix Receive Floating -Hsbc Bank (16/05/2026) (Fv 50 | Interest Rate Swap | ₹-0.09 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (20/01/2025) (Fv 5000 | Interest Rate Swap | ₹0.03 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (27/06/2025) (Fv 100 | Interest Rate Swap | ₹-0.01 Cr | 0.00% |
| Interest Rate Swaps Pay Fix Receive Floating -Nomura (09/01/2025) (Fv 10000 | 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% |
| Interest Rate Swaps Pay Fix Receive Floating -Idfc Bank (27/11/2024) (Fv 20 | Interest Rate Swap | ₹0 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹2,633.85 Cr | 42.24% |
| Bond - Corporate Bond | ₹2,392.36 Cr | 38.36% |
| Bond - Gov't/Treasury | ₹591.01 Cr | 9.48% |
| Cash - Repurchase Agreement | ₹362.02 Cr | 5.81% |
| Bond - Asset Backed | ₹170.44 Cr | 2.73% |
| Cash - Collateral | ₹74.3 Cr | 1.19% |
| Mutual Fund - Open End | ₹11.98 Cr | 0.19% |
| Interest Rate Swap | ₹-0.05 Cr | 0.00% |
| Bond - Gov't Agency Debt | ₹0 Cr | - |
| Cash - Commercial Paper | ₹0 Cr | - |
| Cash - CD/Time Deposit | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.49%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
1.80
Cat. avg.
-0.63
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.35
Higher the better
Fund Managers
SJ
Sachin Jain
Since September 2020
Hardik Shah
Since November 2024
Additional Scheme Detailsas of 15th November 2024
ISIN INF846K01F40 | Expense Ratio 0.36% | Exit Load No Charges | Fund Size ₹6,236 Cr | Age 6 years 2 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:
Dividend Taxation:
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% | ₹242.78 Cr | 6.9% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹627.14 Cr | 6.8% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1304.45 Cr | 7.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1304.45 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹246.19 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹246.19 Cr | 6.8% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹3046.30 Cr | 7.2% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹8313.36 Cr | 7.2% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹229.27 Cr | 7.3% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹229.27 Cr | 7.8% |
About the AMC
Axis Mutual Fund
Total AUM
₹3,29,913 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 21-Nov-2024, is ₹14.91.
What are the returns of Axis Ultra Short Term Fund Direct Growth?
The fund has generated 7.89% over the last 1 year and 6.69% 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, 44.93% in bonds, and 54.88% 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:-
- 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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.