Axis Ultra Short Duration Fund Direct-Growth

Q: What are the returns of Axis Ultra Short Duration Fund?

The Axis Ultra Short Duration Fund is a 6 yrs 7 m old fund and has delivered average annual returns of 6.75% since inception. Axis Ultra Short Duration Fund Returns 1-Year 3-Year 5-Year Since Inception 8.01% 7.25% 6.25% 6.75%

Previously called: Axis Ultra Short Term Direct-G

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹15.423+0.03% 1 day change	6.75% p.a.	#NA View Ranked Funds	4

Historical NAV & returns

NAV: ₹15.423 as on Apr 23, 2025

This fund Category average

Axis Ultra Short Duration Fund overview

VRO rating	4
Expense ratio	0.36% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹4,801 Crs
Lock-in	No Lockin
Age	6 yrs 7 m since Aug 27, 2018
Benchmark	NIFTY Ultra Short Duration Debt Index A-I
Min. investment	SIP ₹1000 & Lump. ₹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 Apr 24, 2025

Period	This fund	Category average
1 month	0.95%	0.91%
3 months	2.21%	2.16%
6 months	4.05%	3.96%
1 year	8.01%	7.8%
3 years	7.25%	7.01%
5 years	6.25%	6.02%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 48.36980263%

AAA 23.20884675%

AA+ 14.1037068%

SOV 12.64604408%

Top Debt Holdings

HDFC Bank Ltd. 10.03%

Reserve Bank of India 7.33%

LIC Housing Finance Ltd. 4.15%

Indusind Bank Ltd. 3.96%

Allocation by Instruments

Certificate of Deposit 37.30331597%

Debenture 26.07350251%

Commercial Paper 11.06648666%

Non Convertible Debenture 10.527692840000002%

Other Holdings

Others 0.04%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Axis Ultra Short Duration Fund	N.A.	₹4,801 Crs	6 yrs 7 m	0.36%
ICICI Prudential Ultra Short Term Fund	N.A.	₹12,674 Crs	12 yrs 3 m	0.39%
Sundaram Ultra Short Duration Fund	N.A.	₹1,723 Crs	12 yrs 3 m	0.24%
WhiteOak Capital Ultra Short Duration Fund	N.A.	₹395 Crs	5 yrs 11 m	0.43%
Tata Ultra Short Term Fund	N.A.	₹3,938 Crs	6 yrs 3 m	0.26%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Ultra Short Duration Fund	0.95%	4.05%	8.01%	7.25%	6.25%	N.A.
ICICI Prudential Ultra Short Term Fund	0.95%	4.04%	7.93%	7.23%	6.53%	7.76%
Sundaram Ultra Short Duration Fund	0.93%	4.01%	7.89%	7.16%	5.97%	6.25%
WhiteOak Capital Ultra Short Duration Fund	0.87%	3.85%	7.59%	6.83%	5.74%	3.36%
Tata Ultra Short Term Fund	0.94%	4.09%	8.01%	7.19%	6.06%	3.93%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Ultra Short Duration Fund	0.44	0.97	1.67	1.57
ICICI Prudential Ultra Short Term Fund	0.42	0.9	1.7	1.76
Sundaram Ultra Short Duration Fund	0.4	0.87	1.63	1.64
WhiteOak Capital Ultra Short Duration Fund	0.4	0.88	0.91	0.86
Tata Ultra Short Term Fund	0.44	0.96	1.55	1.47

View all Ultra Short Duration funds

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

Alpha	2.74 vs. 3.16 Underperformed at beating benchmark
Sharpe	1.67 vs. 3.27 Poor risk-adjusted returns
Beta	0.97 vs. 0.97 Less sensitive to market ups & downs
Standard deviation	0.44 vs. 0.42 More volatile performance

Compare Axis Ultra Short Duration Fund in detail with

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 6 yrs 7 m, having been launched on 27/08/2018. Axis Ultra Short Duration Fund Direct-Growth has ₹4,801 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Ultra Short Duration Fund Direct-Growth as of 23/04/2025 is ₹15.42. The fund has an expense ratio of 0.36%, 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 8.02%. Since launch, it has delivered 6.76% average annual returns.
Axis Ultra Short Duration Fund Direct-Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is above average.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. 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, LIC Housing Finance Ltd., Indusind Bank Ltd., Indian Bank.

...

Fund AUM	₹4,801 Crs as on Mar 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	68 view all schemes
Total AUM	₹3,22,861 Crs as on Mar 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 (in Crs.)	1Y	3Y
Axis Gilt Fund	N.A.	₹868 Crs	13.49%	8.86%
Axis Floater Fund	N.A.	₹166 Crs	12.77%	8.66%
Axis Strategic Bond Fund	N.A.	₹1,899 Crs	10.81%	8.37%
Axis Long Duration Fund	N.A.	₹392 Crs	13.7%	N.A.
Axis Dynamic Bond Fund	N.A.	₹1,355 Crs	11.45%	8.05%
Axis Credit Risk Fund	N.A.	₹360 Crs	9.86%	7.94%

See all Debt funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Axis Ultra Short Duration Fund - Direct Growth plan is approximately ₹15.423 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Axis Ultra Short Duration Fund is a 6 yrs 7 m old fund and has delivered average annual returns of 6.75% since inception.

Axis Ultra Short Duration Fund Returns

1-Year	3-Year	5-Year	Since Inception
8.01%	7.25%	6.25%	6.75%

How much does this mutual fund charge as expense ratio?

The Axis Ultra Short Duration Fund - Direct Growth has an expense ratio of 0.36%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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 ₹4,801 Crs crore as of Mar 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.	10.03%
Reserve Bank of India	7.33%
LIC Housing Finance Ltd.	4.15%

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+	48.36980263%
AAA	23.20884675%
AA+	14.1037068%

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?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Axis Ultra Short Duration Fund is complete.

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

Redeeming your investments in Axis Ultra Short Duration Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Axis Ultra Short Duration Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Ultra Short Duration

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return Outperformance: This fund has generated highest return amongst Ultra Short Duration funds in the last 5 Years.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.