December 26, 2023
mayank
Axis Ultra Short Term Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 13.8983
Weekly NAV IDCW: Rs 10.0721
Monthly NAV IDCW: Rs 10.0836
NAV IDCW: Rs 13.9018
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) Aditya Pagaria
Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.
Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager – Fixed Income Operations.
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 Term Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 10-Sep-18 |
| Return Since Launch | 6.43% |
| Benchmark | NIFTY Ultra Short Duration Debt Index B-I |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 4,745 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.33% |
| (As on 30-Nov-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
Axis Ultra Short Term Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Ultra ST Dir | 7.29 | 0.02 | 0.57 | 1.74 | 3.53 | 7.48 | 5.51 | 6.28 | — | — |
| CCIL T Bill Liquidity Weight | 4.32 | 0.04 | 0.44 | 1.15 | 2.23 | 4.47 | 3.00 | 3.29 | — | — |
| Debt: Ultra Short Duration | 7.04 | 0.02 | 0.55 | 1.69 | 3.45 | 7.22 | 5.35 | 5.86 | — | — |
| Rank within category* | 2 | 6 | 3 | 6 | 4 | 2 | 4 | 4 | — | — |
| Number of funds in category* | 24 | 24 | 24 | 24 | 24 | 24 | 23 | 17 | 11 | 11 |
Peer Comparison of Axis Ultra Short Term 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 ST Dir | 4 star | 7.48 | 5.51 | 6.28 | 0.33 | 4,745 | 6.43 | — | 5Y 3M |
| ICICI Pru Ultra ST Dir | 5 star | 7.40 | 5.65 | 6.65 | 0.39 | 13,530 | 8.05 | — | 10Y 11M |
| Nippon Ind Ultra SD Dir | 5 star | 7.55 | 7.20 | 5.78 | 0.38 | 5,946 | 7.12 | — | 10Y 11M |
| UTI Ultra SD Dir | 4 star | 7.32 | 6.24 | 5.70 | 0.44 | 2,211 | 7.41 | — | 10Y 11M |
| Tata Ultra ST Dir | 4 star | 7.41 | 5.38 | — | 0.31 | 2,181 | 5.89 | — | 4Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 71 | 53 |
| Macaulay Duration (yrs) | 0.33 | 0.37 |
| Average Maturity (yrs) | 0.34 | 0.40 |
| Yield to Maturity (%) | 7.70 | 7.56 |
| Avg Credit Rating | AAA | — |
How to Invest in Axis Ultra Short Term Fund?
Chanakya’s Mutual Fund Guidance For Axis Ultra Short Term Fund
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