VR Logo

3 star

Axis Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.06 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 is negligible but they do not guarantee returns or safety of capital.

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 a year in a Liquid fund.

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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.09 0.01 0.09 0.37 1.14 3.83 5.98 -- -- -- --
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 -- -- -- --
Debt: Ultra Short Duration 4.18 0.01 0.07 0.29 1.12 3.83 7.74 -- -- -- --
Rank within category 13 1 3 4 6 13 12 -- -- -- --
Number of funds in category 27 28 28 28 28 28 25 16 16 15 13

As on 25-Sep-2020

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  | Invest Online
3 star
Sep-18 5.98 -- -- 1.19 4,062
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 7.58 7.70 8.07 0.48 16,218
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 6.69 7.44 7.39 0.49 12,635
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 6.89 -- -- 0.64 11,891
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 6.61 7.14 7.39 0.77 11,176

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) 5.87 (16-Sep-2019 - 15-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.97 0.31 -3.79 -6.90 -- --
Debt: Ultra Short Duration* 5.95 1.70 1.60 3.38 0.92 1.89
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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 81 112 80 37
Modified Duration (yrs) 0.41 0.57 0.36 0.34
Average Maturity (yrs) 0.55 0.64 0.39 0.42
Yield to Maturity (%) 4.47 7.19 4.47 4.54
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Grasim Industries 316-D 22/09/2020 Commercial Paper A1+ 0.00 - 6.82 5.53
equal Tata Capital Financial Services 26/10/2021 Debenture AAA 0.00 - 3.44 3.36
equal 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 3.00 2.93
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 2.91 2.85
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 1.00 - 4.63 2.84
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 2.81 2.72
equal 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 2.58 2.50
equal Reserve Bank of India 182-D 24/09/2020 Treasury Bills SOV 0.00 - 3.03 2.46
equal Reserve Bank of India 182-D 17/12/2020 Treasury Bills SOV 0.00 - 3.01 2.44
new JSW Steel 91-D 26/11/2020 Commercial Paper A1+ 0.00 - 2.43 2.43
new Reserve Bank of India 364-D 04/03/2021 Treasury Bills SOV 0.00 - 2.42 2.42
equal Reliance Industries 263-D 05/03/2021 Commercial Paper A1+ 0.00 - 2.97 2.42
equal 8.36% REC 22/09/2020 Debenture AAA 0.00 - 2.93 2.34
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.00 - 4.94 2.10
equal 8.65% Dalmia Cement (Bharat) Ltd 19/10/2020 Debenture AA 1.20 - 2.78 2.10
equal First Business Receivable Trust Securitised Debt AAA 0.09 - 0.54 2.03
equal 8.35% Daimler Financial Services 17/09/2021 Debenture AA+ 0.00 - 2.48 2.00
up 7.65% LIC Housing Fin. 17/11/2020 Debenture AAA 0.00 - 1.86 1.86
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 0.00 - 2.31 1.85
new Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 1.81 1.81
equal Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 5.30 1.71
equal Reliance Retail Ltd. 28/09/2020 Securitised Debt AAA 1.33 - 2.24 1.50
down Reserve Bank of India 182-D 10/12/2020 Treasury Bills SOV 0.00 - 1.96 1.46
up 7.40% HDFC 17/11/2020 Non Convertible Debenture AAA 0.00 - 1.36 1.36
new 7.35% Mahindra Rural Housing Finance 2022 Debenture AA+ 0.00 - 1.36 1.36

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-Aug-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:


0.01%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 11.4789

Dividend Weekly: ₹ 10.0733

More

Dividend Monthly: ₹ 10.0372

Dividend Daily: ₹ 10.0689

Dividend: ₹ 11.4791


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: 6.98%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,062 Cr (As on 31-Aug-2020)
Expense: 1.19% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Sep-20200.0015

 24-Sep-20200.0016
 23-Sep-20200.0007
 22-Sep-20200.0023
 21-Sep-20200.0027
 18-Sep-20200.0020
 17-Sep-20200.0016
 16-Sep-20200.0029
 15-Sep-20200.0006
 14-Sep-20200.0028
 11-Sep-20200.0000
 07-Sep-20200.0022
 04-Sep-20200.0009
 03-Sep-20200.0013
 02-Sep-20200.0015
 01-Sep-20200.0033
 31-Aug-20200.0054
 28-Aug-20200.0005
 27-Aug-20200.0021
 26-Aug-20200.0005
 20-Aug-20200.0020
 19-Aug-20200.0016
 18-Aug-20200.0015
 17-Aug-20200.0037
 14-Aug-20200.0018
Dividend Monthly25-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
 26-Nov-20180.0509
 25-Oct-20180.0508
Dividend Weekly21-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
 03-Aug-20200.0063
 27-Jul-20200.0062
 20-Jul-20200.0068
 13-Jul-20200.0134
 06-Jul-20200.0150
 29-Jun-20200.0153
 22-Jun-20200.0185
 15-Jun-20200.0140
 08-Jun-20200.0049
 01-Jun-20200.0059
 26-May-20200.0273
 18-May-20200.0299
 11-May-20200.0081
 20-Apr-20200.0173
 07-Apr-20200.0159
 30-Mar-20200.0222
 09-Mar-20200.0064
 02-Mar-20200.0053

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

Last Session

VR Helpline

What to do with your multi-cap funds

dateSaturday, 26-Sep-2020
time12:30 PM - 01:00 PM

Registration Over