VR Logo

Axis Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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 1.46 -0.03 0.01 0.37 1.27 2.93 6.81 -- -- -- --
CCIL T Bill Liquidity Weight 1.10 -0.04 0.03 0.37 1.00 1.88 4.14 -- -- -- --
Debt: Ultra Short Duration 1.29 -0.03 0.04 0.31 1.10 2.57 5.95 -- -- -- --
Rank within category 11 20 21 10 13 9 11 -- -- -- --
Number of funds in category 28 29 29 29 28 26 24 17 17 15 13

As on 09-Apr-2020

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 0.89 (01-Mar-2019 - 02-Apr-2019) -0.56 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.17 (06-Nov-2018 - 07-Feb-2019) 0.35 (24-Dec-2019 - 24-Mar-2020)
Year 8.22 (02-Nov-2018 - 04-Nov-2019) 5.99 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.27 -5.49 -9.70 -- --
Debt: Ultra Short Duration* 6.09 1.65 1.42 3.29 1.36 2.55
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-Mar-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 107 112 48 50
Modified Duration (yrs) 0.41 0.46 0.36 --
Average Maturity (yrs) 0.45 0.50 0.39 --
Yield to Maturity (%) 6.45 8.16 6.28 --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 4.63 4.13
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 4.79 3.12
up 9.66% Tata Motors Finance 20/03/2020 Bonds/NCDs AA- 0.00 - 2.51 2.51
equal Punjab National Bank 2020 Certificate of Deposit A1+ 0.00 - 2.65 2.50
equal Larsen & Toubro 123-D 31/03/2020 Commercial Paper A1+ 0.00 - 2.89 2.50
equal Indusind Bank 15/06/2020 Certificate of Deposit A1+ 0.00 - 2.61 2.47
equal First Business Receivable Trust Securitised Debt AAA 0.33 - 0.43 2.09
down National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 3.62 1.88
equal Reliance Jio Infocomm 96-D 09/03/2020 Commercial Paper A1+ 0.00 - 2.17 1.88
equal Vedanta 91-D 27/03/2020 Commercial Paper A1+ 0.00 - 2.16 1.87
new HDFC 363-D 10/02/2021 Commercial Paper A1+ 0.00 - 1.78 1.78
down 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 2.18 1.78
up Reliance Retail Ltd. 28/09/2020 Securitised Debt AAA 0.00 - 2.64 1.54
up 8.65% Dalmia Cement (Bharat) Ltd 19/10/2020 Debenture AA 0.00 - 1.77 1.51
equal 8.15% National Bank Agr. Rur. Devp 22/08/2022 Debenture AAA 0.00 - 1.69 1.27
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 1.70 1.27
equal 7.82% Godrej Properties 25/09/2020 Bonds/Debentures AA 0.00 - 1.34 1.26
new L&T Housing Finance 15/06/2020 Debenture AAA 0.00 - 1.26 1.26
equal 7.65% National Housing Bank 25/03/2022 Debenture AAA 1.26 - 4.34 1.26
equal 8.80% HDFC 18/06/2020 Debenture AAA 0.00 - 1.35 1.26
equal 8.05% National Housing Bank 2022 Non Convertible Debenture AAA 0.00 - 2.70 1.25
new Indusind Bank 20/03/2020 Certificate of Deposit A1+ 0.00 - 1.25 1.25
equal Bahadur Chand Investments 91-D 27/04/2020 Commercial Paper A1+ 0.00 - 1.31 1.24
equal National Bank Agr. Rur. Devp 151-D 22/06/2020 Commercial Paper A1+ 0.00 - 1.30 1.23
new JSW Steel 163-D 15/07/2020 Commercial Paper A1+ 0.00 - 1.22 1.22

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 29-Feb-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 09-Apr-2020

Growth: ₹ 11.1885

Dividend Weekly: ₹ 10.0577

More

Dividend Monthly: ₹ 10.0996

Dividend Daily: ₹ 10.0530

Dividend: ₹ 11.1887


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: 7.36%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 3,989 Cr (As on 29-Feb-2020)
Expense: 1.19% (As on 29-Feb-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily07-Apr-20200.0026

 03-Apr-20200.0082
 31-Mar-20200.0035
 30-Mar-20200.0074
 27-Mar-20200.0133
 06-Mar-20200.0006
 05-Mar-20200.0012
 04-Mar-20200.0053
 03-Mar-20200.0008
 02-Mar-20200.0033
 27-Feb-20200.0002
 26-Feb-20200.0012
 25-Feb-20200.0007
 24-Feb-20200.0043
 20-Feb-20200.0018
 18-Feb-20200.0008
 17-Feb-20200.0031
 14-Feb-20200.0015
 13-Feb-20200.0013
 12-Feb-20200.0010
 11-Feb-20200.0013
 10-Feb-20200.0037
 07-Feb-20200.0022
 06-Feb-20200.0043
 05-Feb-20200.0010
Dividend Weekly07-Apr-20200.0159

 30-Mar-20200.0222
 09-Mar-20200.0064
 02-Mar-20200.0053
 24-Feb-20200.0068
 17-Feb-20200.0081
 10-Feb-20200.0124
 03-Feb-20200.0079
 27-Jan-20200.0086
 20-Jan-20200.0059
 13-Jan-20200.0083
 06-Jan-20200.0095
 30-Dec-20190.0065
 23-Dec-20190.0076
 16-Dec-20190.0086
 09-Dec-20190.0032
 02-Dec-20190.0090
 25-Nov-20190.0095
 18-Nov-20190.0109
 11-Nov-20190.0062
 04-Nov-20190.0117
 29-Oct-20190.0086
 22-Oct-20190.0131
 14-Oct-20190.0111
 07-Oct-20190.0146
Dividend Monthly25-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

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: 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

Investors' Hangout

The crisis and your emergency fund

dateThursday, 09-Apr-2020
time12:30 PM - 01:00 PM

Registration Over