Overview
Axis Ultra Short Duration Fund Direct Growth
Axis Mutual Fund
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.
Investments in Axis Ultra Short Duration Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 15.415
Fund Size (AUM)
₹4800.7 Cr
Risk
Moderate (Risk rating: 3/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹1000
Launch Date
10-Sep-2018
Expense Ratio
0.36%
Exit Load
Nil
Benchmark
NIFTY Ultra Short Duration Debt Index A-I
Standard Deviation
0.44
History
Performance & Ratios
1-Year SIP Return
8.32%
3-Year SIP Return
7.82%
5-Year SIP Return
6.93%
Mean Return
-
Alpha
2.74
Beta
0.97
Sharpe Ratio
1.67
Sortino Ratio
1.57
Information Ratio
12.92
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 8.0% | 7.24% | 6.24% | 7.25% |
| Category Average | 7.22% | 6.46% | 5.5% | N/A |
| Rank Within Category | 6 | 2 | 5 | N/A |
Holdings (81)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 5.51% |
| HDFC Bank Ltd. | Financial | CD | 4.54% |
| Reserve Bank of India | Financial | T-Bills | 4.53% |
| LIC Housing Finance Ltd. | Financial | Debenture | 3.63% |
| Torrent Electricals Ltd. | Capital Goods | CP | 3.53% |
| HDFC Bank Ltd. | Financial | CD | 3.53% |
| Bank Of Baroda | Financial | CD | 3.09% |
| Bharti Telecom Ltd. | Communication | CP | 2.99% |
| Indusind Bank Ltd. | Financial | CD | 2.95% |
| Reserve Bank of India | Financial | T-Bills | 2.8% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Nippon India Ultra Short Duration Fund Direct Growth | 6497.63 | 8.11 | 7.38 | 0.38 | N/A |
| Axis Ultra Short Duration Fund Direct Growth | 4800.7 | 8.0 | 7.24 | 0.36 | N/A |
| ICICI Prudential Ultra Short Term Fund Direct Growth | 12673.77 | 7.92 | 7.22 | 0.39 | N/A |
| Sundaram Ultra Short Duration Fund Direct Growth | 1723.33 | 7.89 | 7.15 | 0.24 | N/A |
| UTI Ultra Short Duration Fund Direct Growth | 3142.9 | 7.92 | 7.09 | 0.37 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 1000
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 7, 10, 15, 25
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 5, 10, 15, 25
Min Amount: ₹ 1000
Min Installments: 6
AMC Details
Asset Management Company
Axis Mutual Fund
Axis Mutual Fund started their mutual fund on 04/09/2009 and its managing total assets of ₹69,145 Cr. Its ranked at 10 as per total assets at end of 30th Sep 2017. Axis Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Axis mutual fund was established in October 2009 and since then it has made a mark in the mutual fund industry. Axis mutual fund claims that the reason for it to reach the peak of success is because of the three principles they follow strictly, which is, long-term wealth creation, customer's view and long-term relationship.
Axis Mutual Fund houses more than 50 schemes, it has over 20 lac investors investing with them and is present in over 90 cities.Their main motto is to take any fund decision keeping a customer centric approach in mind. The AMC commits to keep investors at the heart of every decision.
They also believe in leveraging the equity of the brand 'Axis' and aim at building a relationship with stakeholders. Axis wants its investors to think long-term when it comes to mutual fund investing and they want their investors to optimize their money through mutual funds.
Launch Date
2009-09-04T00:00:00.468Z
Total AUM
₹ 305435.43 Cr
Address
23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Phone
022-24255161
Website
Sub Type
Gilt
Sub Type Info
Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.
Tax Impact
Returns are taxed as per your Income Tax slab.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Axis Ultra Short Duration Fund Direct Growth
Axis Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Axis Ultra Short Duration Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Axis Ultra Short Duration Fund Direct Growth?
The top stocks held by Axis Ultra Short Duration Fund Direct Growth include Small Industries Devp. Bank of India Ltd., HDFC Bank Ltd., Reserve Bank of India.
Which industries does Axis Ultra Short Duration Fund Direct Growth invest in?
Axis Ultra Short Duration Fund Direct Growth primarily invests in the following industries: Financial, Capital Goods, Communication.
Who are the fund managers of Axis Ultra Short Duration Fund Direct Growth?
The fund managers of Axis Ultra Short Duration Fund Direct Growth are Hardik Shah and Sachin Jain.
How many years has the fund manager been managing Axis Ultra Short Duration Fund Direct Growth?
Hardik Shah:
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Sachin Jain:
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What is the minimum investment for Axis Ultra Short Duration Fund Direct Growth?
The minimum investment for Axis Ultra Short Duration Fund Direct Growth is ₹5000 for lumpsum investments and ₹1000 for SIPs.
What are the average 1-year returns for Axis Ultra Short Duration Fund Direct Growth?
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What are the average 3-year returns for Axis Ultra Short Duration Fund Direct Growth?
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What is the expense ratio of Axis Ultra Short Duration Fund Direct Growth, and how does it compare to its category?
The expense ratio of Axis Ultra Short Duration Fund Direct Growth is 0.36%. The average expense ratio for similar funds in the Debt is Calculating....