Axis Ultra Short Duration Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The Axis Ultra Short Duration Fund Direct-Growth is a 7 yrs 5 m old fund and has delivered average annual returns of 6.73% since inception. Axis Ultra Short Duration Fund Direct-Growth Returns 1-Year 3-Year 5-Year Since Inception 7.18% 7.52% 6.41% 6.73%

Previously called: Axis Ultra Short Term Direct-G

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹16.2062+0.03% 1 day change	6.73% p.a.	App exclusive #NA View Ranked Funds	₹5,356 Cr

Historical NAV & returns

NAV: ₹16.2062 as on Feb 02, 2026

This fund Category average

Axis Ultra Short Duration Fund overview

Expense ratio	0.38% as on Jan 29, 2026
Exit load	0%
AUM (Fund size)	₹5,356 Cr
Lock-in Period	Nil
Age	7 yrs 5 m since Aug 27, 2018
Benchmark	NIFTY Ultra Short Duration Debt Index A-I
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Axis Ultra Short Duration Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	0.3%	0.31%
3 Months	1.35%	1.18%
6 Months	2.93%	2.68%
1 Year	7.18%	6.78%
2 Years	7.49%	7.23%
3 Years	7.52%	7.3%
4 Years	6.98%	6.76%
5 Years	6.41%	6.17%
7 Years	6.61%	6.34%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 47.270325%

AAA 26.2074067%

SOV 17.57604406%

AA+ 12.24311299%

Top Debt Holdings

HDFC Bank Ltd. 9.33%

Reserve Bank of India 7.91%

Kotak Mahindra Bank Ltd. 5.43%

Small Industries Devp. Bank of India Ltd. 5.43%

Allocation by Instruments

Certificate of Deposit 33.93149536%

Debenture 25.632168139999997%

Commercial Paper 13.33882964%

Non Convertible Debenture 13.02212724%

Other Holdings

Others 0.33%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Ultra Short Duration Fund	0.3%	2.93%	7.18%	7.52%	6.41%	N.A.
ICICI Prudential Ultra Short Term Fund	0.31%	2.94%	7.22%	7.51%	6.5%	7.52%
Mirae Asset Ultra Short Duration Fund	0.27%	2.86%	7.06%	7.47%	6.26%	3.2%
Sundaram Ultra Short Duration Fund	0.3%	2.8%	6.96%	7.37%	6.22%	6.07%
WhiteOak Capital Ultra Short Duration Fund	0.24%	2.61%	6.58%	7.04%	6.11%	3.83%
Mahindra Manulife Ultra Short Duration Fund	0.28%	2.78%	6.9%	7.35%	6.19%	3.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Ultra Short Duration Fund	0.3	0.43	3.77	5.48
ICICI Prudential Ultra Short Term Fund	0.31	0.45	3.55	4.97
Mirae Asset Ultra Short Duration Fund	0.32	0.49	3.4	4.09
Sundaram Ultra Short Duration Fund	0.32	0.46	3.11	4.13
WhiteOak Capital Ultra Short Duration Fund	0.31	0.49	2.15	2.5
Mahindra Manulife Ultra Short Duration Fund	0.31	0.48	3.11	3.67

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Axis Ultra Short Duration Fund	N.A.	5,356 Cr	7 yrs 5 m	0.38%
ICICI Prudential Ultra Short Term Fund	N.A.	16,907 Cr	13 yrs 1 m	0.39%
Mirae Asset Ultra Short Duration Fund	N.A.	2,067 Cr	5 yrs 4 m	0.16%
Sundaram Ultra Short Duration Fund	N.A.	1,996 Cr	13 yrs 1 m	0.24%
WhiteOak Capital Ultra Short Duration Fund	N.A.	574 Cr	6 yrs 8 m	0.51%
Mahindra Manulife Ultra Short Duration Fund	N.A.	219 Cr	6 yrs 3 m	0.28%

View all Ultra Short Duration funds

Key risk & return ratios Compared to other funds in the category

Alpha	1.94 vs. 3.25 Underperformed at beating benchmark
Sharpe	3.77 vs. 2.83 Better risk-adjusted return
Beta	0.43 vs. 1.84 Less sensitive to market ups & downs
Standard deviation	0.3 vs. 0.24 More volatile performance

About this fund

About Axis Ultra Short Duration Fund

Axis Ultra Short Duration Fund Direct-Growth is a Ultra Short Duration mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 7 yrs 5 m, having been launched on 27/08/2018. Axis Ultra Short Duration Fund Direct-Growth has ₹5,356 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Ultra Short Duration Fund Direct-Growth as of 02/02/2026 is ₹16.21. The fund has an expense ratio of 0.38%, which is close to what most other Ultra Short Duration funds charge.

Axis Ultra Short Duration Fund Direct-Growth returns of last 1-year are 7.20%. Since launch, it has delivered 6.74% average annual returns.
Axis Ultra Short Duration Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is high.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in HDFC Bank Ltd., Reserve Bank of India, Kotak Mahindra Bank Ltd., Small Industries Devp. Bank of India Ltd., Union Bank of India.

...

Fund AUM	5,356 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Sachin Jain

Mr. Jain is a B.Tech, AGMP (Management) Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.

Hardik Shah

Mr. Shah has done B.E. Information Technology and MBA Finance. Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.

Investment objective

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.

Axis Mutual Fund details

No. of schemes	70 view all schemes
Total AUM	3,65,749 Cr as on Dec 31, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

More funds from Axis Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
Axis Credit Risk Fund	N.A.	368 Cr	8.92%	8.58%
Axis Strategic Bond Fund	N.A.	2,059 Cr	8.16%	8.52%
Axis Floater Fund	N.A.	151 Cr	7.08%	8.04%
Axis Corporate Bond Fund	N.A.	9,436 Cr	7.6%	7.99%
Axis Short Duration Fund	N.A.	12,708 Cr	7.81%	7.97%
Axis Income Plus Arbitrage Active FoF	N.A.	2,268 Cr	7.66%	7.92%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Axis Ultra Short Duration Fund Direct-Growth?

The current Net Asset Value (NAV) of the Axis Ultra Short Duration Fund - Direct Growth plan is approximately ₹16.2062 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Axis Ultra Short Duration Fund Direct-Growth is a 7 yrs 5 m old fund and has delivered average annual returns of 6.73% since inception.

Axis Ultra Short Duration Fund Direct-Growth Returns

1-Year	3-Year	5-Year	Since Inception
7.18%	7.52%	6.41%	6.73%

How much does this mutual fund charge as expense ratio?

The Axis Ultra Short Duration Fund - Direct Growth has an expense ratio of 0.38%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Axis Ultra Short Duration Fund currently has assets under management (AUM) or fund size valued at approximately 5,356 Cr as on Dec 31, 2025.

To whom does Axis Ultra Short Duration Fund lend to?

The top 3 debt holdings of Axis Ultra Short Duration Fund are as follows

Holding Name	Percentage of Portfolio
HDFC Bank Ltd.	9.33%
Reserve Bank of India	7.91%
Kotak Mahindra Bank Ltd.	5.43%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Axis Ultra Short Duration Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	47.270325%
AAA	26.2074067%
SOV	17.57604406%

What is risk level of Axis Ultra Short Duration Fund?

This is a Ultra Short Duration fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Axis Ultra Short Duration Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Axis Ultra Short Duration Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Axis Ultra Short Duration Fund is complete.

How can I redeem my investments in Axis Ultra Short Duration Fund?

Redeeming your investments in the Axis Ultra Short Duration Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Ultra Short Duration

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.