Axis Ultra Short Duration Fund Direct Growth
NAV as on 09-05-2025
₹ 15.45
Inception Returns
6.8%
/yr
Historical NAV & Returns
Absolute
▲
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152 people have invested ₹ 45.8L in Axis Ultra Short Duration Fund Direct Growth in the last three months
About Axis Ultra Short Duration Fund Direct Growth
Axis Ultra Short Duration Fund Direct Growth is a debt fund. This fund was started on 10 September, 2018. The fund is managed by Hardik Shah, Sachin Jain. This fund is suitable to keep your money safe.
Key Parameters
- Axis Ultra Short Duration Fund Direct Growth has ₹6122 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
Axis Ultra Short Duration Fund Direct Growth has given a CAGR return of 6.75% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.95%, 7.37% and 6.29% respectively.
Holdings
Axis Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Small Industries Development Bank of India, HDFC Bank Ltd., 182 DTB 12062025, Punjab National Bank, Canara Bank
Taxation
As it is a ultra short duration mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of Axis Ultra Short Duration Fund Direct Growth
The investment objective of the Scheme is to generate regular income and capital appreciation by investing in a portfolio of short term debt and money market instruments with relatively lower interest rate risk such that Macaulay duration of the portfolio is between 3 months and 6 months.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Ultra Short Duration Fund Direct Growth has no lock in period.
Axis Ultra Short Duration Fund Direct Growth Overview
| Expense ratio | 0.36% |
Benchmark | NIFTY Ultra Short Duration Debt TR INR |
| AUM | ₹6122 Cr |
| Inception Date | 10 September, 2018 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 359.04% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (09-May-25)
Fund Distribution
as on (31-Dec-69)
AAA
81.8%
AA
18.2%
Sector Allocation
Corporate
56.8%
Cash Equivalent
35.9%
Government
7.3%
All changes are between Oct'69 and Dec'69
- AUM of the fund stands at 4.8K Cr as of Mar'25
- AUM decreased by 793.9 Cr between Mar'25 and Feb'25
Top Stocks bought last month
LIC Housing Finance Ltd's allocation increased from 0.83% to 2.48%
ICICI Home Finance Company Limited's allocation increased from 0.42% to 1.67%
Small Industries Development Bank Of India's allocation increased from 0.08% to 1.25%
Top Stocks sold last month
Power Finance Corporation Limited's allocation decreased from 3.26 % to 2.49 %
Shriram Transport Finance Company Limited's allocation decreased from 5.26 % to 1.67 %
India Grid TRust's allocation decreased from 1.51 % to 1.42 %
Cash allocation has gone up from 52.1% to 59%
Debt allocation has gone down from 47.6% to 40.7%
Top 2 Sectors in March were Corporate, Government
Mar'25
Corporate
57%
Government
7%
Feb'25
Corporate
53%
Government
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Small Industries Development Bank of India | 4.63% | 0% | |
HDFC Bank Ltd. | 3.82% | 0% | |
182 DTB 12062025 | 3.8% | 0% | |
Punjab National Bank | 3.76% | 100% | |
Canara Bank | 3.34% | 100% | |
LIC Housing Finance Ltd | 3.05% | 0% | |
HDFC Bank Limited | 2.97% | 0% | |
Torrent Electricals Limited (27/08/2025) ** | 2.97% | 0% | |
Barclays Investments & Loans (India) Private Limited | 2.54% | 100% | |
Bharti Telecom Limited | 2.52% | 0% | |
Indusind Bank Limited | 2.48% | 0% | |
364 DTB | 2.35% | 0% | |
Torrent Power Limited | 2.19% | 0% | |
Godrej Properties Limited | 2.02% | -8% | |
ICICI Home Finance Company Limited | 1.75% | 0% | |
Small Industries Development Bank Of India | 1.75% | 0% | |
IDFC Bank Limited | 1.68% | 0% | |
TATA Teleservices Limited | 1.67% | 0% | |
Union Bank Of India | 1.66% | 0% | |
Indian Bank | 1.66% | 0% | |
HDFC Bank Limited | 1.65% | 0% | |
Kotak Mahindra Bank Limited | 1.65% | 0% | |
National Bank For Agriculture And Rural Development | 1.65% | 0% | |
Indian Bank (12/03/2026) | 1.64% | 100% | |
Canara Bank (12/03/2026) | 1.64% | 100% | |
Power Finance Corporation Limited | 1.31% | 0% | |
Shriram Transport Finance Company Limited | 1.31% | 0% | |
INDIA UNIVERSAL TRUST AL1 | 1.24% | 0% | |
Bharti Telecom Limited | 1.23% | 0% | |
INDIA UNIVERSAL TRUST AL2 | 1.19% | 0% | |
Mindspace Business Parks Reit | 1.05% | 71.4% | |
Godrej Industries Limited | 1.05% | 0% | |
Shriram Finance Limited | 1.05% | 0% | |
360 One Prime Limited | 0.98% | 0% | |
Indostar Capital Finance Limited | 0.96% | 0% | |
Nuvama Wealth Finance Limited 9.75% | 0.96% | 0% | |
08.31 AP Sdl 2025 | 0.96% | 0% | |
Reliance Life Sciences Private Limited 7.7954% | 0.88% | 0% | |
Godrej Industries Limited | 0.88% | 0% | |
Tata Capital Housing Finance Limited | 0.87% | 0% | |
National Bank For Agriculture And Rural Development | 0.87% | 0% | |
Indusind Bank Limited | 0.85% | 0% | |
Panatone Finvest Limited | 0.85% | 0% | |
Punjab National Bank | 0.84% | 100% | |
HDFC Bank Limited | 0.84% | 100% | |
Small Industries Dev Bank Of India (11/03/2026) | 0.82% | 100% | |
National Bank For Agriculture And Rural Development (10/03/2026) | 0.82% | 0% | |
Tata Capital Housing Finance Limited | 0.79% | 0% | |
Shriram Housing Finance Limited | 0.79% | 0% | |
SANSAR JUNE 2024 TRUST | 0.72% | 0% | |
Mankind Pharma Ltd | 0.61% | 0% | |
Godrej Finance Ltd. 8.75% | 0.44% | 0% | |
Small Industries Development Bank Of India | 0.44% | 0% | |
Small Industries Development Bank Of India | 0.44% | 0% | |
Indostar Capital Finance Limited | 0.44% | 100% | |
India Grid Trust | 0.44% | 0% | |
08.27 KL Sdl 2025 | 0.44% | 0% | |
Tata Realty And Infrastructure Limited | 0.44% | 0% | |
LIC Housing Finance Ltd | 0.44% | 0% | |
Bharti Telecom Limited | 0.44% | 0% | |
Reliance Life Sciences Private Limited 7.7954% | 0.44% | 0% | |
Small Industries Development Bank Of India | 0.43% | -66.7% | |
Embassy Office Parks Reit | 0.43% | 0% | |
Canara Bank | 0.42% | 100% | |
08.17 Tn SDL 2025 | 0.35% | 0% | |
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.29% | 0% | |
07.62 Tn SDL 2026 | 0.18% | 0% | |
Nirma Limited | 0.18% | 0% | |
07.63 AP Sdl 2026 | 0.09% | 0% | |
Small Industries Development Bank Of India | 0.09% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Axis Ultra Short Duration Fund Direct Growth | 7.95% | 7.37% | 6.29% | 6.75% |
 Aditya Birla Sun Life Savings Fund Direct Plan Growth | 8.1% | 7.4% | 6.47% | 7.76% |
 Nippon India Ultra Short Duration Fund Direct Growth Option | 8.08% | 7.5% | 7.4% | 7.23% |
 ICICI Prudential Ultra Short Term Fund Direct Plan Growth | 7.89% | 7.33% | 6.59% | 8.06% |
 HDFC Ultra S/T Fund Direct Growth | 7.82% | 7.21% | 6.18% | 6.65% |
 SBI Magnum Ultra Short Duration Fund Direct Plan Growth | 7.73% | 7.11% | 5.91% | 7.24% |
 ITI Ultra Short Duration Fund Direct Growth | 7.55% | 7.02% | - | 6.08% |
 Motilal Oswal Ultra Short Term Fund Direct Growth | 6.57% | 6.2% | 4.97% | 4.79% |
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Hardik Shah
Fund Manager of Axis Ultra Short Duration Fund Direct Growth, since 4 November 2024
Top funds managed
Sachin Jain
Fund Manager of Axis Ultra Short Duration Fund Direct Growth, since 4 September 2020
Top funds managed
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.08L Cr
as on 31-Mar-2025
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.36% which is lower than the category average expense ratio of 0.56%.
Over the last 1 year, this fund has increased expense ratio by 12.5% moving from 0.32 to 0.36.
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.5% return, outperforming this fund by 0.13% per annum.
In the last 5 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.4% return, outperforming this fund by 1.11% per annum.
Over the last 1 month, this fund has experienced a 27.5% growth in AUM moving from 4.80K Cr to 6.12K Cr.
In the last 1 year, Aditya Birla Sun Life Savings Fund Direct Plan Growth has given 8.1% return, outperforming this fund by 0.15%.
Axis Ultra Short Duration 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 6.75% since inception which is less than its category average return of 7.86%
AUM size ₹6122 Cr
This fund has AUM of ₹6122 Cr which is more than its category average of ₹ 3964 Cr
Expense Ratio 0.36%
This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.62%
More funds from Axis
5Y CAGR
▲ 6.61
3Y CAGR
▲ 8.62
1Y CAGR
▲ 11.44
5Y CAGR
▲ 6.78
Frequently Asked Questions for Axis Ultra Short Duration Fund Direct Growth
The current NAV of Axis Ultra Short Duration Fund Direct Growth is ₹15.45 as on 09-May-2025.
Existing (Absolute + CAGR) as on 09-May-2025.
Axis Ultra Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 3.94% | 3.94% |
1 Year Returns | 7.95% | 7.95% |
3 Years Returns | 23.77% | 7.37% |
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.
0.36% as on April 2025
₹6122 Cr as on April 2025
Small Industries Development Bank of India(4.63%), HDFC Bank Ltd.(3.82%), 182 DTB 12062025(3.8%), Punjab National Bank(3.76%), Canara Bank(3.34%) as on April 2025
Corporate(54.51%), Cash Equivalent(39.58%), Government(5.91%) as on April 2025
Yield to Maturity is 7.82 as on April 2025. 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 0.49 as on April 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 81.83 |
AA | 18.17 |
Hardik Shah, Sachin Jain are the fund managers of Axis Ultra Short Duration Fund Direct Growth
The Exit load of Axis Ultra Short Duration Fund Direct Growth is 0%