Axis Ultra Short Term Fund Direct Growth
Debt
Direct
Ultra Short Duration
NAV: ₹ 14.26 as on 16-04-2024
Fund Performance
174 people have invested ₹ 69.5L in Axis Ultra Short Term Fund Direct Growth in the last three months
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.32% which is lower than the category average expense ratio of 0.55%.
Over the last 6 months, this fund has increased expense ratio by 3.2% moving from 0.31 to 0.32.
In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.82% return, outperforming this fund by 0.1%.
Over the last 1 month, this fund has experienced a 8.7% drop in AUM moving from 4.45K Cr to 4.06K Cr.
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.53% return, outperforming this fund by 1.58% per annum.
In the last 5 years, ICICI Prudential Ultra Short Term Fund Direct Plan Growth has given 6.6% return, outperforming this fund by 0.37% per annum.
About the Axis Ultra Short Term Fund Direct Growth
Axis Ultra Short Term Fund Direct Growth is a debt fund. This fund was started on 10 September, 2018. The fund is managed by Sachin Jain, Aditya Pagaria. This fund is suitable to keep your money safe.
Key Parameters
- Axis Ultra Short Term Fund Direct Growth has ₹4064 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Axis Ultra Short Term Fund Direct Growth Overview
 | 0.29% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹4064 Cr |
 | 10 September, 2018 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 392.97% |
Axis Ultra Short Term Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
79.8%
AA
20.2%
Sector Allocation
Corporate
55.6%
Cash Equivalent
33.3%
Government
11.1%
Top Holdings of Axis Ultra Short Term Fund Direct Growth as on (31-Mar-24)
Debt Holdings72
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Punjab National Bank | 7.03% | -3.3% | |
Power Finance Corporation Limited | 4.89% | 100% | |
Tata Capital Housing Finance Limited | 4.83% | 60% | |
182 DTB 29082024 | 4.78% | 0% | |
Godrej Industries Limited | 4.3% | 0% |
See all
Axis Ultra Short Term Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 4.1K Cr as of Mar'24
- AUM decreased by 389.5 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Axis Ultra Short Term Fund Direct Growth Fund Manager
Sachin Jain
Fund Manager of Axis Ultra Short Term Fund Direct Growth, since 4 September 2020
Top funds managed
Aditya Pagaria
Fund Manager of Axis Ultra Short Term Fund Direct Growth, since 10 September 2018
Top funds managed
Axis Ultra Short Term Fund Direct Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 6.54% since inception which is less than its category average return of 7.19%
AUM size ₹4064 Cr
This fund has AUM of ₹4064 Cr which is more than its category average of ₹ 2741 Cr
Expense Ratio 0.29%
This fund has an expense ratio of 0.29% which is less than its category average expense ratio of 0.64%
Frequently Asked Questions
The current NAV of Axis Ultra Short Term Fund Direct Growth is ₹14.26 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Axis Ultra Short Term Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.81% | 0.81% |
6 Month Returns | 3.93% | 3.93% |
1 Year Returns | 7.72% | 7.72% |
3 Years Returns | 18.96% | 5.96% |
5 Years Returns | 35.32% | 6.24% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.29% as on March 2024
₹4064 Cr as on March 2024
Punjab National Bank(7.03%), Power Finance Corporation Limited(4.89%), Tata Capital Housing Finance Limited(4.83%), 182 DTB 29082024(4.78%), Godrej Industries Limited(4.3%) as on March 2024
Corporate(55.56%), Cash Equivalent(33.31%), Government(11.13%) as on March 2024
Yield to Maturity is 7.89 as on March 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.46 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 79.8 |
AA | 20.2 |
Sachin Jain, Aditya Pagaria are the fund managers of Axis Ultra Short Term Fund Direct Growth
The Exit load of Axis Ultra Short Term Fund Direct Growth is 0%