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3 star

Axis Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.15 0.03 0.06 0.21 0.81 1.92 4.94 -- -- -- --
CCIL T Bill Liquidity Weight 0.08 -0.01 0.04 0.10 0.46 1.07 2.95 -- -- -- --
Debt: Ultra Short Duration 0.13 0.02 0.05 0.20 0.76 1.79 4.84 -- -- -- --
Rank within category 8 1 4 10 7 7 11 -- -- -- --
Number of funds in category 28 28 28 28 28 27 26 15 15 14 12

As on 25-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Ultra Short Term Fund - Regular Plan
3 star
Sep-18 4.94 -- -- 1.19 4,363
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 6.56 7.58 7.82 0.48 16,540
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 5.52 7.13 7.11 0.49 14,272
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 6.12 -- -- 0.64 14,228
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 5.46 6.92 7.11 0.76 12,428

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.19 (24-Mar-2020 - 31-Mar-2020) -0.65 (17-Mar-2020 - 24-Mar-2020)
Month 1.62 (24-Mar-2020 - 23-Apr-2020) -0.56 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.63 (24-Mar-2020 - 24-Jun-2020) 0.35 (24-Dec-2019 - 24-Mar-2020)
Year 8.22 (02-Nov-2018 - 04-Nov-2019) 4.95 (23-Jan-2020 - 22-Jan-2021)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.78 0.34 -2.89 -5.80 -- --
Debt: Ultra Short Duration* 5.88 1.60 1.75 3.34 1.14 2.23
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 88 112 80 39
Modified Duration (yrs) 0.39 0.57 0.36 0.36
Average Maturity (yrs) 0.45 0.64 0.39 0.39
Yield to Maturity (%) 4.08 6.72 3.93 4.03
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 4.11 3.98
equal Larsen & Toubro 247-D 26/03/2021 Commercial Paper A1+ 0.00 - 3.81 3.41
equal Reserve Bank of India 364-D 30/03/2021 Treasury Bills SOV 0.00 - 2.84 2.84
equal Reliance Industries 263-D 05/03/2021 Commercial Paper A1+ 0.00 - 2.97 2.74
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.96 - 3.02 2.74
equal Reserve Bank of India 182-D 25/02/2021 Treasury Bills SOV 0.00 - 2.40 2.40
equal 6.95% LIC Housing Fin. 2021 Debenture AAA 0.00 - 2.32 2.32
equal Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 2.35 2.28
equal Larsen & Toubro 270-D 26/02/2021 Commercial Paper A1+ 0.00 - 2.55 2.28
new Shree Cement 88-D 09/03/2021 Commercial Paper A1+ 0.00 - 2.28 2.28
equal Dalmia Cement (Bharat) Ltd 25/02/2021 Commercial Paper A1+ 0.00 - 2.28 2.28
new Adani Ports and Special Economic Zone 52-D 11/02/2021 Commercial Paper A1+ 0.00 - 2.28 2.28
new L&T Housing Finance 142-D 20/05/2021 Commercial Paper A1+ 0.00 - 2.26 2.26
new National Bank Agr. Rur. Devp 180-D 21/06/2021 Commercial Paper A1+ 0.00 - 2.26 2.26
new National Bank Agr. Rur. Devp 176-D 01/06/2021 Commercial Paper A1+ 0.00 - 2.26 2.26
new IDFC First Bank 2021 Certificate of Deposit A1+ 0.00 - 2.26 2.26
down 6.22% HDFC 2021 Debenture AAA 0.00 - 2.43 2.10
equal 8.35% Daimler Financial Services 17/09/2021 Debenture AA+ 0.00 - 2.48 1.86
equal 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 1.85 1.85
equal Reserve Bank of India 364-D 18/03/2021 Treasury Bills SOV 0.00 - 1.88 1.82
equal National Bank Agr. Rur. Devp 235-D 02/03/2021 Commercial Paper A1+ 0.00 - 1.76 1.71
equal Birla Group Holdings 17/02/2021 Commercial Paper A1+ 0.00 - 1.71 1.71
equal Reserve Bank of India 364-D 04/03/2021 Treasury Bills SOV 0.00 - 2.42 1.71
new Birla Group Holdings 85-D 24/03/2021 Commercial Paper A1+ 0.00 - 1.70 1.70
equal First Business Receivable Trust Securitised Debt AAA 0.08 - 0.54 1.52

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2020

Fund Manager

— Aditya Pagaria since 27-Aug-2018

Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.

Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.

Funds Managed:


0.03%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 11.6205

Dividend Weekly: ₹ 10.0671

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Dividend Monthly: ₹ 10.0307

Dividend Daily: ₹ 10.0689

Dividend: ₹ 11.6203


Investment Strategy

The Scheme seeks 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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 10-Sep-2018
Return Since Launch: 6.52%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,363 Cr (As on 31-Dec-2020)
Expense: 1.19% (As on 31-Dec-2020)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Jan-20210.0034

 22-Jan-20210.0002
 21-Jan-20210.0008
 20-Jan-20210.0010
 08-Jan-20210.0015
 07-Jan-20210.0004
 06-Jan-20210.0005
 05-Jan-20210.0022
 04-Jan-20210.0036
 01-Jan-20210.0014
 31-Dec-20200.0010
 30-Dec-20200.0012
 29-Dec-20200.0011
 28-Dec-20200.0032
 24-Dec-20200.0008
 23-Dec-20200.0011
 22-Dec-20200.0008
 21-Dec-20200.0021
 18-Dec-20200.0008
 17-Dec-20200.0002
 15-Dec-20200.0005
 14-Dec-20200.0020
 11-Dec-20200.0014
 10-Dec-20200.0014
 09-Dec-20200.0006
Dividend Monthly25-Jan-20210.0299

 28-Dec-20200.0315
 25-Nov-20200.0333
 26-Oct-20200.0351
 25-Sep-20200.0337
 25-Aug-20200.0421
 27-Jul-20200.0540
 25-Jun-20200.0463
 26-May-20200.0617
 27-Apr-20200.0828
 25-Feb-20200.0368
 27-Jan-20200.0386
 26-Dec-20190.0363
 25-Nov-20190.0397
 25-Oct-20190.0408
 25-Sep-20190.0342
 26-Aug-20190.0483
 25-Jul-20190.0448
 25-Jun-20190.0445
 27-May-20190.0457
 25-Apr-20190.0460
 25-Mar-20190.0419
 25-Feb-20190.0472
 25-Jan-20190.0464
 26-Dec-20180.0491
Dividend Weekly25-Jan-20210.0059

 18-Jan-20210.0008
 11-Jan-20210.0032
 04-Jan-20210.0084
 28-Dec-20200.0060
 21-Dec-20200.0036
 14-Dec-20200.0054
 07-Dec-20200.0036
 01-Dec-20200.0078
 23-Nov-20200.0088
 17-Nov-20200.0073
 09-Nov-20200.0100
 02-Nov-20200.0071
 26-Oct-20200.0117
 19-Oct-20200.0085
 12-Oct-20200.0131
 05-Oct-20200.0093
 28-Sep-20200.0092
 21-Sep-20200.0097
 14-Sep-20200.0028
 07-Sep-20200.0092
 31-Aug-20200.0094
 24-Aug-20200.0042
 17-Aug-20200.0118
 10-Aug-20200.0064

Contact Information

AMC: Axis Asset Management Company Ltd.

Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025

Phone: 022-24255161

Fax: 022-43255199

Email: [email protected] / [email protected]

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM