Axis Ultra Short Duration Fund Direct Growth

Axis Ultra Short Duration Fund Direct Growth

NAV as on 28-03-2025

₹ 15.31

0.1%

1D

Inception Returns

6.7%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
148 people have invested ₹ 51.6L 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

  1. Axis Ultra Short Duration Fund Direct Growth has ₹5297 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Axis Ultra Short Duration Fund Direct Growth has given a CAGR return of 6.72% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.87%, 7.11% and 6.22% 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, 182 DTB 12062025, HDFC Bank Ltd., LIC Housing Finance Ltd, Torrent Electricals Ltd.

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 ratio0.36%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹5297 Cr
Inception Date10 September, 2018
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
359.04%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (28-Mar-25)

Period
Axis Ultra Short Duration Fund Direct Growth
Ultra Short Duration Index
1M
0.7%
0.5%
3M
2%
1.6%
6M
3.9%
3.2%
1Y
7.9%
6.6%
3Y
7.1%
6.2%
5Y
6.2%
5.4%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
81.4%

AA
18.6%

Sector Allocation

Feb'25

Jan'25

Dec'24

Corporate
53.4%
Cash Equivalent
33.8%
Government
12.8%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 5.6K Cr
₹ 5.7K Cr
₹ 6K Cr
  • AUM of the fund stands at 5.6K Cr as of Feb'25
  • AUM decreased by 86.6 Cr between Feb'25 and Jan'25
Top Stocks bought last month
LIC Housing Finance Ltd's allocation increased from 1.24% to 2.48%
LIC Housing Finance Ltd's allocation increased from 1.24% to 2.48%
Small Industries Development Bank Of India's allocation increased from 0.52% to 1.67%
Small Industries Development Bank Of India's allocation increased from 0.52% to 1.67%
LIC Housing Finance Ltd's allocation increased from 0.43% to 1.24%
LIC Housing Finance Ltd's allocation increased from 0.43% to 1.24%
Top Stocks sold last month
Power Finance Corporation Limited's allocation decreased from 3.26 % to 2.49 %
Power Finance Corporation Limited's allocation decreased from 3.26 % to 2.49 %
Godrej Properties Limited's allocation decreased from 5.26 % to 2.08 %
Godrej Properties Limited's allocation decreased from 5.26 % to 2.08 %
ICICI Home Finance Company Limited's allocation decreased from 1.83 % to 1.67 %
ICICI Home Finance Company Limited's allocation decreased from 1.83 % to 1.67 %
Cash allocation has gone up from 51.4% to 52.1%
Cash allocation has gone up from 51.4% to 52.1%
Debt allocation has gone down from 48.3% to 47.6%
Debt allocation has gone down from 48.3% to 47.6%

Top 2 Sectors in February were Corporate, Government

Feb'25
Corporate
53%
Government
13%
Jan'25
Corporate
55%
Government
7%
  • Debt & Cash

Holdings
Weight%
1M Change
Small Industries Development Bank of India
Small Industries Development Bank of India
4.96%
0%
HDFC Bank Ltd.
HDFC Bank Ltd.
4.09%
100%
182 DTB 12062025
182 DTB 12062025
4.09%
0%
LIC Housing Finance Ltd
LIC Housing Finance Ltd
3.29%
0%
Torrent Electricals Ltd.
Torrent Electricals Ltd.
3.19%
0%
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Hardik Shah
Hardik Shah
Fund Manager of Axis Ultra Short Duration Fund Direct Growth, since 4 November 2024
Sachin Jain
Sachin Jain
Fund Manager of Axis Ultra Short Duration Fund Direct Growth, since 4 September 2020
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.22L Cr
as on 28-Feb-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

Insights icon
In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 8% return, outperforming this fund by 0.13%.
Insights icon
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.26% return, outperforming this fund by 0.15% per annum.
Insights icon
In the last 5 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.25% return, outperforming this fund by 1.04% per annum.
Insights icon
Over the last 15 months, this fund has increased expense ratio by 16.1% moving from 0.31 to 0.36.
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Over the last 3 months, this fund has experienced a 12.4% drop in AUM moving from 6.05K Cr to 5.29K Cr.
Insights icon
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%.

Axis Ultra Short Duration Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.72% since inception which is less than its category average return of 7.81%
AUM size ₹5297 Cr

AUM size ₹5297 Cr

This fund has AUM of ₹5297 Cr which is more than its category average of ₹ 3933 Cr
Expense Ratio 0.36%

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%

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3Y CAGR

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1Y CAGR

▲ 9.89

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1Y CAGR

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Frequently Asked Questions for Axis Ultra Short Duration Fund Direct Growth

The current NAV of Axis Ultra Short Duration Fund Direct Growth is ₹15.31 as on 28-Mar-2025.
Existing (Absolute + CAGR) as on 28-Mar-2025.
Axis Ultra Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.74%
0.74%
6 Month Returns
3.9%
3.9%
1 Year Returns
7.87%
7.87%
3 Years Returns
22.87%
7.11%
5 Years Returns
35.2%
6.22%
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 March 2025
₹5297 Cr as on March 2025
Small Industries Development Bank of India(4.96%), 182 DTB 12062025(4.09%), HDFC Bank Ltd.(4.09%), LIC Housing Finance Ltd(3.29%), Torrent Electricals Ltd.(3.19%) as on March 2025
Corporate(57.11%), Cash Equivalent(36.1%), Government(6.79%) as on March 2025
Yield to Maturity is 7.7 as on March 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 0.48 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
81.44
AA
18.56
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%