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 Sachin Jain, Hardik Shah. This fund is suitable to keep your money safe.

1. Axis Ultra Short Duration Fund Direct Growth has ₹6508 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

Axis Ultra Short Duration Fund Direct Growth has given a CAGR return of 6.80% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.11%, 7.57% and 6.27% respectively.

Axis Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Punjab National Bank, Rec Limited, Nuvoco Vistas Corporation Limited, Bank Of Baroda**, Torrent Electricals Limited (27/08/2025) **

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.

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 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.