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Axis Ultra Short Duration Fund Direct Reinvst of Inc Dis cum Cap Wdrl

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previously known as Axis Ultra Short Term Fund Dir IDCW-R until

15.081 (0.062%)
NAV on January 20, 2025
Category Fixed income:
Ultra Short Duration
Interest rate sensitivity
Credit quality
Limited Sensitivity High Quality
Total Assets 5,996 cr
Turnover Ratio 359.04%
Expense Ratio 0.36%
Exit Load -
Returns
  • 1M: 0.61%
  • 1Y: 7.84%
  • 3M: 1.84%
  • 3Y: 6.85%
  • 6M: 3.77%
  • 5Y: 6.14%
Min Investment 5,000
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ADDITIONAL INFO
Fund Manager Sachin Jain (Since over 4 years) Hardik Shah (Since 3 months)
ISIN INF846K01G07
Fund Family Axis
Launch Date September 10, 2018
Benchmark NIFTY Ultra Short Duration Debt TR INR
Avg. Maturity 0.47 years
Yield To Maturity (%) 7.55%
ASSET ALLOCATION
CREDIT QUALITY (%)
AAA 84.95%
AA 15.05%
A 0.00%
BBB 0.00%
BB 0.00%
B 0.00%
Below B 0.00%
Unrated 0.00%
RISK MEASURES (3 yrs)
vs NIFTY Ultra Short Duration Debt TR INR

Alpha -
Beta -
R-Squared -
Info Ratio -
Tracking Err -
Sortino 2.860
Sharpe 1.745
Std Dev 0.455
Risk Below Average
INVESTMENT OBJECTIVE

The investment objective of the Scheme is 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.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

View Factsheet
Top Ultra Short Duration Funds
NAME LATEST
NAV		 RETURNS
1y       		FUND
ASSETS 		EXPENSE
RATIO		 RISK
Birla new
Aditya Birla Sun Life Savings Fund Direct Plan Growth
538.177 8.03% 16,349 cr 0.34% Average
Reliance
Nippon India Ultra Short Duration Fund Direct Growth Option
4285.622 7.99% 7,695 cr 0.38% Below Average
Mirae
Mirae Asset Ultra Short Duration Fund Direct Growth
1276.252 7.90% 1,616 cr 0.22% Below Average
Axis
Axis Ultra Short Duration Fund Direct Growth
15.079 7.86% 5,996 cr 0.36% Below Average
Icici
ICICI Prudential Ultra Short Term Fund Direct Plan Growth
28.902 7.84% 13,502 cr 0.39% Below Average
Uti
UTI - Ultra Short Duration Fund - Direct Plan - Growth Option
4391.952 7.79% 3,047 cr 0.33% Average
Religare invesco mutual fund
Invesco India Ultra Short Duration Fund Direct Plan Growth
2778.796 7.73% 1,424 cr 0.24% Average


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