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Unrated

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.

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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 0.39 0.02 0.12 0.48 1.49 3.43 7.44 -- -- -- --
CCIL T Bill Liquidity Weight 0.24 0.00 0.07 0.28 0.84 1.91 4.21 -- -- -- --
Debt: Ultra Short Duration 0.24 0.02 0.12 0.34 1.21 3.15 6.58 -- -- -- --
Rank within category 13 10 17 14 10 9 9 -- -- -- --
Number of funds in category 28 28 28 28 27 26 24 17 17 15 12

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.32 (26-Mar-2019 - 02-Apr-2019) -0.01 (18-Sep-2018 - 25-Sep-2018)
Month 0.89 (01-Mar-2019 - 02-Apr-2019) 0.36 (03-Apr-2019 - 03-May-2019)
Quarter 2.17 (06-Nov-2018 - 07-Feb-2019) 1.47 (23-Oct-2019 - 22-Jan-2020)
Year 8.22 (02-Nov-2018 - 04-Nov-2019) 7.43 (22-Jan-2019 - 22-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.08 0.26 -6.21 -10.52 -- --
Debt: Ultra Short Duration* 6.27 1.54 1.59 3.37 1.45 2.93
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-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 99 104 48 40
Modified Duration (yrs) 0.39 0.46 0.36 0.36
Average Maturity (yrs) 0.43 0.50 0.39 0.44
Yield to Maturity (%) 6.35 8.41 6.28 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 4.63 4.63
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 3.62 3.62
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 4.79 3.60
new Larsen & Toubro 123-D 31/03/2020 Commercial Paper A1+ 0.00 - 2.89 2.89
equal 8.36% Power Finance Corp. 26/02/2020 Bonds AAA 0.00 - 3.03 2.64
up Larsen & Toubro 182-D 28/02/2020 Commercial Paper A1+ 0.00 - 2.61 2.61
new First Business Receivable Trust Securitised Debt AAA 0.00 - 0.43 2.42
equal 7.90% Nirma 28/02/2020 Debenture AA 0.00 - 3.53 2.19
equal Ujjivan Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 2.18 2.18
new Reliance Jio Infocomm 96-D 09/03/2020 Commercial Paper A1+ 0.00 - 2.17 2.17
new Vedanta 91-D 27/03/2020 Commercial Paper A1+ 0.00 - 2.16 2.16
new 8.75% Nabha Power 28/02/2020 Debenture AAA 0.00 - 1.76 1.76
equal 8.90% Reliance Jio Infocomm 21/01/2020 Debenture AAA 0.00 - 2.73 1.61
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 3.02 1.49
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 1.70 1.48
equal 8.15% National Bank Agr. Rur. Devp 22/08/2022 Debenture AAA 0.00 - 1.69 1.48
equal 7.65% National Housing Bank 25/03/2022 Debenture AAA 0.00 - 4.34 1.47
new 8.70% HDFC 18/05/2020 Debenture AAA 0.00 - 1.47 1.47
equal 9.66% Tata Motors Finance 20/03/2020 Bonds/NCDs AA- 0.00 - 1.68 1.47
equal 7.78% HDFC 24/03/2020 Debenture AAA 0.00 - 1.47 1.47
equal 8.05% National Housing Bank 2022 Non Convertible Debenture AAA 0.00 - 2.70 1.47
equal 8.68% Grasim Industries 2020 Debenture AAA 0.00 - 1.99 1.46
equal Reliance Retail Ltd. 28/09/2020 Securitised Debt AAA 0.00 - 2.64 1.46
equal Indusind Bank 26/02/2020 Certificate of Deposit A1+ 0.00 - 3.06 1.45
new Indusind Bank 27/11/2020 Certificate of Deposit A1+ 0.00 - 1.38 1.38

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-2019

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:


0.04%

Change from previous, NAV as on 27-Jan-2020

Growth: ₹ 11.0754

Dividend Weekly: ₹ 10.0671

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Dividend Monthly: ₹ 10.0484

Dividend Daily: ₹ 10.0624

Dividend: ₹ 11.0756


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: 7.69%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 3,421 Cr (As on 31-Dec-2019)
Expense: 1.18% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Jan-20200.0015

 23-Jan-20200.0018
 22-Jan-20200.0009
 21-Jan-20200.0011
 20-Jan-20200.0031
 17-Jan-20200.0011
 16-Jan-20200.0009
 15-Jan-20200.0007
 13-Jan-20200.0029
 10-Jan-20200.0005
 09-Jan-20200.0020
 08-Jan-20200.0015
 07-Jan-20200.0013
 06-Jan-20200.0028
 03-Jan-20200.0015
 02-Jan-20200.0021
 01-Jan-20200.0021
 31-Dec-20190.0010
 30-Dec-20190.0031
 27-Dec-20190.0014
 26-Dec-20190.0015
 24-Dec-20190.0005
 23-Dec-20190.0027
 20-Dec-20190.0009
 19-Dec-20190.0013
Dividend Weekly20-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
 30-Sep-20190.0104
 23-Sep-20190.0025
 16-Sep-20190.0086
 09-Sep-20190.0085
 03-Sep-20190.0126
 26-Aug-20190.0104
 19-Aug-20190.0067
 13-Aug-20190.0117
 05-Aug-20190.0060
Dividend Monthly26-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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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