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4 star

Axis Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.05 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 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 1.95 0.03 0.09 0.41 1.22 2.12 5.07 -- -- -- --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 -- -- -- --
Debt: Ultra Short Duration 1.74 0.03 0.12 0.36 1.10 1.91 4.41 -- -- -- --
Rank within category 4 3 7 3 4 4 4 -- -- -- --
Number of funds in category 27 28 28 28 27 27 26 17 14 14 0

As on 14-Jun-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 - Direct Plan
4 star
Sep-18 5.07 -- -- 0.30 6,382
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.55 7.42 7.55 0.34 18,100
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.97 -- -- 0.24 16,735
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.27 6.79 6.89 0.31 12,864
Kotak Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.53 6.91 7.14 0.33 11,759

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.21 24-Mar-2020 - 31-Mar-2020 -0.63 17-Mar-2020 - 24-Mar-2020
Month 1.70 24-Mar-2020 - 23-Apr-2020 -0.48 25-Feb-2020 - 26-Mar-2020
Quarter 2.87 24-Mar-2020 - 24-Jun-2020 0.58 24-Dec-2019 - 24-Mar-2020
Year 9.18 02-Nov-2018 - 04-Nov-2019 5.06 27-May-2020 - 27-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.52 0.39 -2.00 -4.76 -- --
Debt: Ultra Short Duration* 5.88 1.69 2.03 3.71 1.14 2.46
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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 102 105 80 41
Modified Duration (yrs) 0.41 0.45 0.33 0.33
Average Maturity (yrs) 0.44 0.55 0.38 0.38
Yield to Maturity (%) 4.20 4.61 3.93 3.76
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 14/10/2021 Treasury Bills SOV 0.00 - 5.82 5.25
equal Reserve Bank of India 91-D 08/07/2021 Treasury Bills SOV 0.00 - 4.41 3.98
up National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 3.87 3.87
up 8.79% GOI 2021 Central Government Loan SOV 0.00 - 3.68 3.68
equal IDFC First Bank 23/09/2021 Certificate of Deposit A1+ 0.00 - 3.43 3.10
new Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 3.08 3.08
equal Birla Group Holdings 91-D 26/07/2021 Commercial Paper A1+ 0.00 - 2.15 1.94
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 1.20 - 3.02 1.93
new Reserve Bank of India 182-D 04/11/2021 Treasury Bills SOV 0.00 - 1.85 1.85
equal Reserve Bank of India 364-D 17/06/2021 Treasury Bills SOV 0.00 - 2.23 1.64
equal TMF Holdings 364-D 09/09/2021 Commercial Paper A1+ 0.00 - 1.80 1.63
new Reliance Industries Corporate Bond Repo -- 0.00 - 1.58 1.58
equal 6.95% LIC Housing Fin. 2021 Debenture AAA 0.00 - 2.32 1.57
equal Reliance Retail Ventures 91-D 14/06/2021 Commercial Paper A1+ 0.00 - 2.12 1.57
equal Larsen & Toubro 165-D 27/07/2021 Commercial Paper A1+ 0.00 - 2.11 1.56
new Reliance Jio Infocomm 91-D 11/08/2021 Commercial Paper A1+ 0.00 - 1.56 1.56
equal Reliance Industries 123-D 28/06/2021 Commercial Paper A1+ 0.00 - 2.12 1.56
equal National Bank Agr. Rur. Devp 180-D 21/06/2021 Commercial Paper A1+ 0.00 - 2.26 1.56
equal Birla Group Holdings 91-D 25/06/2021 Commercial Paper A1+ 0.00 - 2.11 1.56
equal Export-Import Bank 90-D 27/07/2021 Certificate of Deposit A1+ 0.00 - 1.73 1.56
equal Reliance Industries 177-D 12/08/2021 Commercial Paper A1+ 0.00 - 2.11 1.56
equal HDFC-Warrant 347-D 24/09/2021 Commercial Paper A1+ 0.00 - 2.10 1.55
new Bharti Airtel 273-D 03/09/2021 Commercial Paper A1+ 0.00 - 1.55 1.55
new Tata Motors 157-D 30/09/2021 Commercial Paper A1+ 0.00 - 1.55 1.55
new Sikka Ports and Terminals 91-D 23/08/2021 Commercial Paper A1+ 0.00 - 1.55 1.55

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-May-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:


0.03%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 12.0751

IDCW Weekly: ₹ 10.0500

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IDCW Monthly: ₹ 10.0533

IDCW Daily: ₹ 10.0338

IDCW: ₹ 12.0785


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: 7.07%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 6,382 Cr (As on 31-May-2021)
Expense: 0.30% (As on 30-Apr-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.0035

 11-Jun-20210.0013
 10-Jun-20210.0014
 09-Jun-20210.0020
 08-Jun-20210.0013
 07-Jun-20210.0041
 04-Jun-20210.0014
 03-Jun-20210.0015
 02-Jun-20210.0015
 01-Jun-20210.0010
 31-May-20210.0011
 28-May-20210.0031
 27-May-20210.0018
 25-May-20210.0016
 24-May-20210.0031
 21-May-20210.0018
 20-May-20210.0019
 19-May-20210.0009
 17-May-20210.0067
 14-May-20210.0019
 11-May-20210.0011
 10-May-20210.0024
 07-May-20210.0012
 06-May-20210.0012
 05-May-20210.0007
IDCW Weekly14-Jun-20210.0093

 07-Jun-20210.0096
 31-May-20210.0076
 24-May-20210.0076
 17-May-20210.0097
 10-May-20210.0065
 03-May-20210.0098
 26-Apr-20210.0106
 19-Apr-20210.0070
 12-Apr-20210.0086
 05-Apr-20210.0099
 30-Mar-20210.0145
 22-Mar-20210.0101
 15-Mar-20210.0052
 08-Mar-20210.0064
 01-Mar-20210.0075
 22-Feb-20210.0112
 15-Feb-20210.0091
 08-Feb-20210.0069
 01-Feb-20210.0061
 25-Jan-20210.0076
 18-Jan-20210.0025
 11-Jan-20210.0049
 04-Jan-20210.0101
 28-Dec-20200.0077
IDCW Monthly25-May-20210.0346

 26-Apr-20210.0516
 25-Mar-20210.0250
 25-Feb-20210.0377
 25-Jan-20210.0329
 28-Dec-20200.0344
 25-Nov-20200.0431
 26-Oct-20200.0424
 25-Sep-20200.0425
 25-Aug-20200.0506
 27-Jul-20200.0581
 25-Jun-20200.0526
 26-May-20200.0684
 27-Apr-20200.0946
 25-Feb-20200.0404
 27-Jan-20200.0460
 26-Dec-20190.0444
 25-Nov-20190.0483
 25-Oct-20190.0479
 25-Sep-20190.0481
 26-Aug-20190.0557
 25-Jul-20190.0502
 25-Jun-20190.0504
 27-May-20190.0506
 25-Apr-20190.0505

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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DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM