This debt fund has been consistently outperforming its peers

This short-duration fund has rewarded its investors with consistent returns. It closed 2023 with a return of 7.46 per cent, compared to 7.31 per cent delivered by the category median. This trend continues in 2024, with Axis Short Term Fund generating 2.52 per cent versus 2.37 per cent generated by the category median. Reasons for performance The fund's performance has stemmed primarily from its ongoing strategy of higher exposure to longer-duration bonds. The fund is currently hitting its maximum portfolio-level duration, as Devang Shah, Axis AMC's head of fixed income, beli