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3 star

Axis Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 2.99 0.02 0.07 0.26 0.65 1.50 3.19 5.44 -- -- --
CCIL T Bill Liquidity Weight 1.90 0.01 0.04 0.19 0.44 1.07 2.02 3.20 -- -- --
Debt: Ultra Short Duration 3.29 0.02 0.07 0.28 0.84 1.85 3.49 5.28 -- -- --
Rank within category 18 21 21 20 20 21 18 10 -- -- --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 12

As on 08-Dec-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 3.19 5.44 -- 1.18% 5,574
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 3.94 6.58 6.85 0.48% 16,758
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.57 6.02 -- 0.64% 14,452
ICICI Prudential Ultra Short Term Fund  | Invest Now
5 star
May-11 4.00 6.42 6.69 0.91% 11,896
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.20 5.72 6.21 0.77% 11,873

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.14 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.37 0.71 2.23 5.23 1.18 2.30
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration 5.22 1.35 1.71 4.14 1.06 2.08
Rank within category 11 6 9 11 8 11
Number of funds in category 20 20 20 20 20 20

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 87 106 83 44
Modified Duration (yrs) 0.31 0.45 0.31 --
Average Maturity (yrs) 0.34 0.52 0.34 --
Yield to Maturity (%) 4.17 4.24 3.88 --
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 182-D 30/12/2021 Treasury Bills SOV 0.00 - 5.82 5.82
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 5.38 5.38
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 3.58 3.58
equal Reliance Industries 82-D 28/12/2021 Commercial Paper A1+ 0.00 - 3.58 3.58
new Reliance Retail Ventures 91-D 15/02/2022 Commercial Paper A1+ 0.00 - 3.56 3.56
equal Reserve Bank of India 91-D 09/12/2021 Treasury Bills SOV 0.00 - 3.41 3.41
down Reserve Bank of India 364-D 13/01/2022 Treasury Bills SOV 0.00 - 4.51 3.13
new 8.35% GOI 2022 GOI Securities SOV 0.00 - 2.74 2.74
equal National Bank Agr. Rur. Devp 27/01/2022 Certificate of Deposit A1+ 0.00 - 2.68 2.68
new Larsen & Toubro 119-D 29/03/2022 Commercial Paper A1+ 0.00 - 2.66 2.66
equal Jamnagar Utilities and Power 243-D 21/06/2022 Commercial Paper A1+ 0.00 - 2.19 2.19
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 0.00 - 1.99 1.99
new 5.09% GOI 13/04/2022 GOI Securities SOV 0.00 - 1.85 1.80
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 1.79 1.79
equal Indusind Bank 25/01/2022 Certificate of Deposit A1+ 0.00 - 1.78 1.78
new Birla Group Holdings 91-D 14/02/2022 Commercial Paper A1+ 0.00 - 1.78 1.78
new Export-Import Bank 212-D 17/03/2022 Certificate of Deposit A1+ 0.00 - 1.77 1.77
equal 9.00% Indostar Capital Finance 2023 Debenture AA- 0.00 - 1.43 1.43
equal National Bank Agr. Rur. Devp 89-D 25/01/2022 Commercial Paper A1+ 0.00 - 1.34 1.34
new Godrej Industries 91-D 31/01/2022 Commercial Paper A1+ 0.00 - 1.25 1.25
equal L&T Finance 364-D 02/09/2022 Commercial Paper A1+ 0.00 - 1.21 1.21
down 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 4.36 1.18
equal 7.35% Mahindra Rural Housing Finance 2022 Debenture AA+ 0.81 - 1.28 0.99
down REC 2023 Bonds AAA 0.00 - 1.40 0.94
equal Shriram Transport Finance Company 28/04/2023 Debenture AA+ 0.00 - 0.91 0.91

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 30-Nov-2021

*As on 31-Oct-2021

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:

— Sachin Jain since 04-Sep-2020

Education: Mr. Jain is a B.Tech, AGMP (Management)

Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.

Funds Managed:


0.02%

Change from previous, NAV as on 08-Dec-2021

Growth: ₹ 11.9507

IDCW Weekly: ₹ 10.0697

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IDCW Monthly: ₹ 10.0337

IDCW Daily: ₹ 10.0689

IDCW: ₹ 11.9505


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 10-Sep-2018
Return Since Launch: 5.64%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 5,574 Cr (As on 30-Nov-2021)
Expense: 1.18% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily08-Dec-20210.0018

 07-Dec-20210.0007
 06-Dec-20210.0026
 03-Dec-20210.0010
 02-Dec-20210.0007
 01-Dec-20210.0011
 30-Nov-20210.0007
 29-Nov-20210.0025
 26-Nov-20210.0008
 25-Nov-20210.0007
 24-Nov-20210.0006
 23-Nov-20210.0007
 22-Nov-20210.0024
 18-Nov-20210.0013
 17-Nov-20210.0007
 16-Nov-20210.0010
 15-Nov-20210.0022
 12-Nov-20210.0011
 11-Nov-20210.0008
 10-Nov-20210.0010
 09-Nov-20210.0015
 08-Nov-20210.0053
 03-Nov-20210.0013
 02-Nov-20210.0005
 01-Nov-20210.0020
IDCW Weekly06-Dec-20210.0060

 29-Nov-20210.0053
 22-Nov-20210.0054
 15-Nov-20210.0066
 08-Nov-20210.0071
 01-Nov-20210.0023
 25-Oct-20210.0026
 18-Oct-20210.0056
 11-Oct-20210.0065
 04-Oct-20210.0046
 27-Sep-20210.0031
 20-Sep-20210.0045
 13-Sep-20210.0045
 06-Sep-20210.0066
 30-Aug-20210.0070
 23-Aug-20210.0060
 17-Aug-20210.0093
 09-Aug-20210.0043
 02-Aug-20210.0060
 26-Jul-20210.0064
 19-Jul-20210.0084
 12-Jul-20210.0078
 05-Jul-20210.0068
 28-Jun-20210.0047
 21-Jun-20210.0029
IDCW Monthly25-Nov-20210.0227

 25-Oct-20210.0204
 27-Sep-20210.0250
 25-Aug-20210.0300
 26-Jul-20210.0324
 25-Jun-20210.0275
 25-May-20210.0270
 26-Apr-20210.0421
 25-Mar-20210.0200
 25-Feb-20210.0312
 25-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

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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