August 17, 2026
mayank
Axis Ultra Short Duration Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 16.82 |
| NAV IDCW (Rs.) | 16.82 |
| NAV IDCW Monthly (Rs.) | 10.05 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Ultra Short Duration Debt Index A-I |
| AUM Rs. | 5,908 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.30% |
| 1 Year Return (%) | 6.74 |
| 3 Year Return (%) | 7.46 |
| 5 Year Return (%) | 6.71 |
| 10 Year Return (%) | — |
| Return Since Launch | 6.78% |
Suitable For Which Investors?
Ultra Short Duration funds are suitable for:
1. Parking emergency corpus or idle money for capital preservation
2. Earning slightly higher returns than savings bank account, with low volatility
3. Investment horizon of 3 months to 1 year
Note:
• There is no guarantee of returns
• Not suitable for long-term wealth creation
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) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| 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 | 6.78% |
| Benchmark | NIFTY Ultra Short Duration Debt Index A-I |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | 5,908 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.30% |
| (As on 31-Jul-2026) | |
| Risk Grade | Average |
| Return Grade | Above Average |
Axis Ultra Short Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Ultra Short Duration Dir | 4.20 | 0.00 | 0.65 | 1.91 | 3.51 | 6.74 | 7.46 | 6.71 | 6.47 | — |
| Debt: Ultra Short Duration | 4.17 | 0.01 | 0.64 | 1.91 | 3.53 | 6.63 | 7.25 | 6.52 | 6.22 | — |
| Rank within category | 12 | 25 | 15 | 17 | 15 | 8 | 4 | 4 | 6 | — |
| Number of funds in category | 31 | 33 | 33 | 33 | 31 | 30 | 24 | 24 | 19 | 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 out of 5 stars | 6.74 | 7.46 | 6.71 | 0.30 | 5,908 | 6.78 | — | 7Y 11M |
| Tata Ultra Short Term Dir | 5 out of 5 stars | 6.94 | 7.52 | 6.71 | 0.26 | 6,378 | 6.47 | — | 7Y 6M |
| Mirae Asset Ultra Short Duration Dir | 4 out of 5 stars | 6.71 | 7.45 | 6.64 | 0.18 | 1,916 | 6.22 | — | 5Y 10M |
| Invesco India Ultra Short Duration Dir | 4 out of 5 stars | 6.70 | 7.36 | 6.56 | 0.21 | 1,073 | 7.34 | — | 13Y 7M |
| LIC MF Ultra Short Duration Direct | 4 out of 5 stars | 6.67 | 7.21 | 6.45 | 0.21 | 509 | 5.98 | — | 6Y 8M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 89 | 53 |
| Macaulay Duration (yrs) | 0.47 | 0.45 |
| Average Maturity (yrs) | 0.48 | 0.52 |
| Yield to Maturity (%) | 7.12 | 6.91 |
| Avg Credit Rating | AAA | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
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