Axis Ultra Short Duration Fund Direct Growth
Debt
Direct
Ultra Short Duration
NAV as on 19-11-2024
₹ 14.9
Inception Returns
6.7%
/yr
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 Aditya Pagaria, Sachin Jain. This fund is suitable to keep your money safe.
Key Parameters
- Axis Ultra Short Duration Fund Direct Growth has ₹6236 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 6.65% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.93%, 6.68% and 6.11% respectively.
Holdings
Axis Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are Bharti Telecom Limited, Power Finance Corporation Limited, LIC Housing Finance Ltd, ICICI Home Finance Company Limited, 08.36 MH Sdl 2026
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:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.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.
Historical NAV & Returns
Axis Ultra Short Duration Fund Direct Growth Overview
| Expense ratio | 0.36% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹6236 Cr |
| Inception Date | 10 September, 2018 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 359.04% |
| STCG | Selling 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 (19-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 6K Cr as of Oct'24
- AUM increased by 817 Cr between Oct'24 and Sep'24
Top 2 Sectors in October were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bharti Telecom Limited | 3.21% | 0% | |
Power Finance Corporation Limited | 2.4% | 0% | |
LIC Housing Finance Ltd | 2.38% | 0% | |
ICICI Home Finance Company Limited | 1.76% | 0% | |
08.36 MH Sdl 2026 | 1.65% | 0% |
Mutual Fund Insights
Axis Ultra Short Duration Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹6236 Cr
Expense Ratio 0.36%
Frequently Asked Questions for Axis Ultra Short Duration Fund Direct Growth
Axis Ultra Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.64% | 0.64% |
6 Month Returns | 3.91% | 3.91% |
1 Year Returns | 7.93% | 7.93% |
3 Years Returns | 21.41% | 6.68% |
5 Years Returns | 34.53% | 6.11% |
- 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.
AAA | 84.82 |
AA | 15.18 |