April 15, 2025
mayank
Axis Ultra Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Sahifund.com
NAV Growth: Rs 15.3820
Weekly NAV IDCW: Rs 10.0620
Monthly NAV IDCW: Rs 10.0983
NAV IDCW: Rs 15.3834
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
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.
Fund Manager:
1) Hardik Shah
Education: Mr. Shah has done B.E. Information Technology and MBA Finance.
Experience: Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
2) Sachin Jain
Education: Mr. Jain is a B.Tech, AGMP (Management)
Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Axis Ultra Short Duration Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 10-Sep-18 |
| Return Since Launch | 6.75% |
| Benchmark | NIFTY Ultra Short Duration Debt Index A-I |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 4,801 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.36% |
| (As on 31-Mar-2025) | |
| Risk Grade | Average |
| Return Grade | Above Average |
Trailing Returns (%) of Axis Ultra Short Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Ultra Short Duration Dir | 2.40 | 0.06 | 1.04 | 2.21 | 4.02 | 8.00 | 7.22 | 6.26 | — | — |
| CCIL T Bill Liquidity Weight | 1.62 | 0.06 | 0.66 | 1.43 | 2.45 | 5.08 | 4.27 | 3.46 | — | — |
| Debt: Ultra Short Duration | 2.34 | 0.05 | 0.98 | 2.16 | 3.92 | 7.80 | 6.98 | 6.06 | — | — |
| Rank within category | 4 | 2 | 3 | 5 | 6 | 6 | 2 | 5 | — | — |
| Number of funds in category | 26 | 29 | 27 | 26 | 25 | 24 | 24 | 22 | 11 | 11 |
Peer Comparison of Axis Ultra Short Duration Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Axis Ultra Short Duration Dir | 4 star | 8.00 | 7.22 | 6.26 | 0.36 | 4,801 | 6.75 | — | 6Y 7M |
| ICICI Pru Ultra Short Term Dir | 4 star | 7.93 | 7.18 | 6.53 | 0.39 | 12,674 | 8.05 | — | 12Y 3M |
| Nippon India Ultra Short Duration Dir | 5 star | 8.13 | 7.36 | 7.28 | 0.38 | 6,498 | 7.23 | — | 12Y 3M |
| Tata Ultra Short Term Dir | 4 star | 8.02 | 7.16 | 6.10 | 0.26 | 3,938 | 6.35 | — | 6Y 2M |
| UTI Ultra Short Duration Dir | 4 star | 7.94 | 7.06 | 6.67 | 0.37 | 3,143 | 7.47 | — | 12Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 81 | 51 |
| Macaulay Duration (yrs) | 0.50 | 0.47 |
| Average Maturity (yrs) | 0.51 | 0.52 |
| Yield to Maturity (%) | 7.70 | 7.33 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Axis Ultra Short Duration Fund
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