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

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previously known as Axis Ultra Short Term Fund Dir DR until

14.551 (0.021%)
NAV on July 25, 2024
Category Fixed income:
Ultra Short Duration
Interest rate sensitivity
Credit quality
Limited Sensitivity High Quality
Total Assets 4,947 cr
Turnover Ratio 392.97%
Expense Ratio 0.32%
Exit Load -
Returns
  • 1M: 0.66%
  • 1Y: 7.65%
  • 3M: 1.88%
  • 3Y: 6.25%
  • 6M: 3.95%
  • 5Y: 6.17%
Min Investment 5,000
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ADDITIONAL INFO
Fund Manager Aditya Pagaria (Since almost 6 years) Sachin Jain (Since almost 4 years)
ISIN INF846K01G07
Fund Family Axis
Launch Date September 10, 2018
Benchmark NIFTY Ultra Short Duration Debt TR INR
Avg. Maturity 0.54 years
Yield To Maturity (%) 7.86%
ASSET ALLOCATION
CREDIT QUALITY (%)
AAA 80.74%
AA 19.26%
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 2.509
Sharpe 1.553
Std Dev 0.518
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
Reliance
Nippon India Ultra Short Duration Fund Direct Growth Option
4132.748 7.80% 7,169 cr 0.38% Above Average
Axis
Axis Ultra Short Term Fund Direct Growth
14.550 7.67% 4,947 cr 0.32% Below Average
Birla new
Aditya Birla Sun Life Savings Fund Direct Plan Growth
518.558 7.66% 14,888 cr 0.34% Average
Icici
ICICI Prudential Ultra Short Term Fund Direct Plan Growth
27.894 7.63% 13,873 cr 0.39% Below Average
Uti
UTI - Ultra Short Duration Fund - Direct Plan - Growth Option
4237.192 7.56% 2,240 cr 0.43% High
Hdfc
HDFC Ultra S/T Fund Direct Growth
14.432 7.54% 13,445 cr 0.37% Below Average
Religare invesco mutual fund
Invesco India Ultra Short Duration Fund Direct Plan Growth
2681.819 7.51% 692 cr 0.24% Average


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