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3 star

Axis Ultra Short Term Fund - Regular Plan download report


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
Axis Ultra Short Term Fund Reg-G 0.95 -0.02 0.00 -0.01 0.55 1.34 2.93 4.69 -- -- --
CCIL T Bill Liquidity Weight* 0.55 0.03 0.00 -0.04 0.32 0.83 1.91 2.81 -- -- --
Debt: Ultra Short Duration* 0.97 -0.01 0.01 0.02 0.58 1.39 3.28 4.76 -- -- --
Rank within category* 17 26 21 21 20 19 20 11 -- -- --
Number of funds in category* 27 27 27 27 27 27 27 21 14 14 13

As on 13-May-2022

* As on 16-May-2022

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 2.93 4.69 -- 1.18% 7,205
Aditya Birla Sun Life Savings Fund  | Invest Online
4 star
Nov-01 3.66 5.77 6.51 0.49% 16,314
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.18 5.06 6.04 0.49% 14,144
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.28 5.24 -- 0.64% 14,076
ICICI Prudential Ultra Short Term Fund  | Invest Now
5 star
May-11 3.59 5.67 6.34 0.87% 13,266

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 2.93 12-May-2021 - 13-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis Ultra Short Term Fund Reg-G 4.75 0.65 1.90 5.61 1.10 1.96
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Ultra Short Duration 4.80 1.07 1.54 4.68 1.09 2.01
Rank within category 11 9 9 10 6 12
Number of funds in category 21 21 21 21 21 21

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

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 86 106 74 41
Modified Duration (yrs) 0.40 0.48 0.30 0.35
Average Maturity (yrs) 0.41 0.50 0.31 0.38
Yield to Maturity (%) 4.71 4.74 3.88 4.51
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
new Reserve Bank of India 182-D 29/09/2022 Treasury Bills SOV 0.00 - 4.09 4.09
up Reliance Jio Infocomm 178-D 19/09/2022 Commercial Paper A1+ 0.00 - 3.75 3.75
equal Reliance Retail Ventures 182-D 07/09/2022 Commercial Paper A1+ 0.00 - 4.16 2.73
new Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 2.73 2.73
new Reserve Bank of India 182-D 12/10/2022 Treasury Bills SOV 0.00 - 2.72 2.72
new 7.70% L&T Finance 2022 Debenture AAA 0.00 - 2.10 2.10
equal Canara Bank 22/08/2022 Certificate of Deposit A1+ 0.00 - 3.13 2.05
equal National Bank Agr. Rur. Devp 175-D 30/08/2022 Commercial Paper A1+ 0.00 - 3.13 2.05
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 3.09 2.02
new 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 1.88 1.88
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 3.01 1.80
new Reserve Bank of India 182-D 11/08/2022 Treasury Bills SOV 0.00 - 1.78 1.78
new Reserve Bank of India 182-D 20/10/2022 Treasury Bills SOV 0.00 - 1.77 1.77
equal Jamnagar Utilities and Power 243-D 21/06/2022 Commercial Paper A1+ 0.00 - 2.63 1.73
equal Tata Capital Housing Finance 347-D 28/06/2022 Commercial Paper A1+ 0.00 - 2.63 1.72
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 0.00 - 2.33 1.52
new 9.02% REC 19/11/2022 Bonds AAA 0.00 - 1.42 1.42
equal Axis Money Market Fund Direct-G Mutual Fund -- 0.00 - 2.15 1.41
equal 7.45% LIC Housing Fin. 17/10/2022 Debenture AAA 0.00 - 2.15 1.40
equal Reserve Bank of India 91-D 05/05/2022 Treasury Bills SOV 0.00 - 2.11 1.39
new Hindustan Petroleum Corporation 82-D 28/06/2022 Commercial Paper A1+ 0.00 - 1.38 1.38
equal Canara Bank 2022 Certificate of Deposit A1+ 0.00 - 2.10 1.38
equal Reserve Bank of India 182-D 28/07/2022 Treasury Bills SOV 0.00 - 2.10 1.37
new HDFC Bank 2022 Certificate of Deposit A1+ 0.00 - 1.37 1.37
equal Reliance Retail Ventures 172-D 30/08/2022 Commercial Paper A1+ 0.00 - 2.08 1.37

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-Apr-2022

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 13-May-2022

Growth: ₹ 12.0849

IDCW Weekly: ₹ 10.0439

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IDCW Monthly: ₹ 10.0062

IDCW Daily: ₹ 10.0457

IDCW: ₹ 12.0847


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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 100
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) --
Min. 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: 5.29%
Benchmark: NIFTY Ultra Short Duration Debt Index B-I
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 7,205 Cr (As on 30-Apr-2022)
Expense: 1.18% (As on 31-Mar-2022)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-May-20220.0033

 29-Apr-20220.0004
 28-Apr-20220.0006
 27-Apr-20220.0007
 26-Apr-20220.0008
 25-Apr-20220.0030
 22-Apr-20220.0006
 21-Apr-20220.0018
 20-Apr-20220.0026
 19-Apr-20220.0027
 18-Apr-20220.0012
 07-Apr-20220.0022
 06-Apr-20220.0017
 05-Apr-20220.0010
 04-Apr-20220.0043
 31-Mar-20220.0025
 30-Mar-20220.0016
 29-Mar-20220.0010
 28-Mar-20220.0032
 25-Mar-20220.0021
 24-Mar-20220.0022
 23-Mar-20220.0015
 22-Mar-20220.0009
 21-Mar-20220.0043
 17-Mar-20220.0016
IDCW Weekly02-May-20220.0058

 25-Apr-20220.0107
 18-Apr-20220.0059
 11-Apr-20220.0001
 04-Apr-20220.0094
 28-Mar-20220.0099
 21-Mar-20220.0100
 14-Mar-20220.0094
 07-Mar-20220.0017
 28-Feb-20220.0049
 21-Feb-20220.0075
 14-Feb-20220.0112
 08-Feb-20220.0032
 31-Jan-20220.0047
 24-Jan-20220.0047
 17-Jan-20220.0086
 10-Jan-20220.0073
 03-Jan-20220.0074
 27-Dec-20210.0062
 20-Dec-20210.0033
 13-Dec-20210.0064
 06-Dec-20210.0060
 29-Nov-20210.0053
 22-Nov-20210.0054
 15-Nov-20210.0066
IDCW Monthly25-Apr-20220.0293

 25-Mar-20220.0294
 25-Feb-20220.0284
 25-Jan-20220.0279
 27-Dec-20210.0247
 25-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

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

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies 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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