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4 star

Axis Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 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 3.71 0.01 0.07 0.32 0.88 1.98 4.06 6.47 -- -- --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 3.25 -- -- --
Debt: Ultra Short Duration 3.65 0.01 0.07 0.32 0.98 2.11 3.97 5.84 -- -- --
Rank within category 7 25 20 14 9 7 7 4 -- -- --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 0

As on 26-Nov-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 4.06 6.47 -- 0.30% 6,170
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.07 6.80 6.91 0.34% 17,500
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.85 6.42 -- 0.34% 16,432
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.63 6.26 6.61 0.33% 13,153
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.52 6.09 6.55 0.31% 11,569

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 4.12 18-Nov-2020 - 18-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.41 0.72 3.55 7.25 1.19 3.27
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Ultra Short Duration 5.81 1.35 2.28 5.43 1.08 2.61
Rank within category 4 6 2 4 9 5
Number of funds in category 20 20 20 19 20 20

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

As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 92 106 83 41
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
up Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 5.24 5.24
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 5.25 4.85
new Reserve Bank of India 364-D 13/01/2022 Treasury Bills SOV 0.00 - 4.51 4.51
up 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 4.36 4.36
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 3.50 3.23
new Reliance Industries 82-D 28/12/2021 Commercial Paper A1+ 0.00 - 3.22 3.22
equal Reserve Bank of India 91-D 09/12/2021 Treasury Bills SOV 0.00 - 3.32 3.07
new Reliance Industries Corporate Bond Repo -- 0.00 - 3.00 3.00
up Reserve Bank of India 182-D 04/11/2021 Treasury Bills SOV 0.00 - 2.92 2.92
equal Chennai Petroleum Corporation 91-D 03/12/2021 Commercial Paper A1+ 0.00 - 2.62 2.42
new Tata Capital Financial Services 85-D 30/12/2021 Commercial Paper A1+ 0.00 - 2.41 2.41
equal National Bank Agr. Rur. Devp 27/01/2022 Certificate of Deposit A1+ 0.00 - 2.61 2.41
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 3.24 2.26
down 6.22% HDFC 2021 Debenture AAA 0.63 - 2.92 2.11
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 3.68 2.11
equal Export-Import Bank 169-D 29/12/2021 Certificate of Deposit A1+ 0.00 - 2.18 2.01
new Jamnagar Utilities and Power 243-D 21/06/2022 Commercial Paper A1+ 0.00 - 1.97 1.97
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 0.00 - 1.97 1.81
equal Hindustan Zinc 2021 Commercial Paper A1+ 0.00 - 1.75 1.62
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 1.75 1.61
equal Indusind Bank 25/01/2022 Certificate of Deposit A1+ 0.00 - 1.74 1.61
equal 9.00% Indostar Capital Finance 2023 Debenture AA- 0.00 - 1.42 1.30
equal REC 2023 Bonds AAA 0.00 - 1.40 1.28
equal 8.44% REC 2021 Bonds AAA 0.00 - 1.33 1.22
new Bharti Airtel 45-D 01/11/2021 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 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:


0.01%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 12.2832

IDCW Weekly: ₹ 10.0537

More

IDCW Monthly: ₹ 10.0208

IDCW Daily: ₹ 10.0338

IDCW: ₹ 12.2867


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: 6.61%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 6,170 Cr (As on 31-Oct-2021)
Expense: 0.30% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily25-Nov-20210.0010

 24-Nov-20210.0008
 23-Nov-20210.0009
 22-Nov-20210.0034
 18-Nov-20210.0015
 17-Nov-20210.0009
 16-Nov-20210.0013
 15-Nov-20210.0029
 12-Nov-20210.0013
 11-Nov-20210.0010
 10-Nov-20210.0012
 09-Nov-20210.0018
 08-Nov-20210.0065
 03-Nov-20210.0016
 02-Nov-20210.0007
 01-Nov-20210.0028
 29-Oct-20210.0004
 28-Oct-20210.0008
 25-Oct-20210.0017
 22-Oct-20210.0008
 21-Oct-20210.0007
 20-Oct-20210.0011
 18-Oct-20210.0024
 14-Oct-20210.0012
 13-Oct-20210.0022
IDCW Monthly25-Nov-20210.0301

 25-Oct-20210.0274
 27-Sep-20210.0328
 25-Aug-20210.0374
 26-Jul-20210.0400
 25-Jun-20210.0362
 25-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
IDCW Weekly22-Nov-20210.0071

 15-Nov-20210.0083
 08-Nov-20210.0088
 01-Nov-20210.0040
 25-Oct-20210.0043
 18-Oct-20210.0073
 11-Oct-20210.0082
 04-Oct-20210.0062
 27-Sep-20210.0048
 20-Sep-20210.0062
 13-Sep-20210.0062
 06-Sep-20210.0082
 30-Aug-20210.0087
 23-Aug-20210.0074
 17-Aug-20210.0112
 09-Aug-20210.0060
 02-Aug-20210.0076
 26-Jul-20210.0081
 19-Jul-20210.0101
 12-Jul-20210.0095
 05-Jul-20210.0085
 28-Jun-20210.0064
 21-Jun-20210.0046
 14-Jun-20210.0093
 07-Jun-20210.0096

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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