Axis Short Term Fund
Short DurationModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹33.26+0.08%1 day
- Return since launch
- 7.4%
- 52-week range
- ₹31.72 — ₹33.24
- AUM
- ₹7,395 Cr
Axis Short Term Fund is a Short Duration debt fund from Axis Mutual Fund with ₹7,395 Cr under management, launched in 2010. Over three years it has returned 6.5% a year, against 6.7% for its category. The expense ratio is 0.92% and the SEBI riskometer reading is Moderate.
Performance
Axis Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.8% against +4.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.0% | +0.7 pts | 4.3% | 4.5% |
| 2Y | 5.7% | +0.6 pts | 5.1% | 5.2% |
| 3Y | 6.5% | −0.2 pts | 6.7% | 6.0% |
| 5Y | 6.7% | +0.6 pts | 6.0% | 6.3% |
| 7Y | 6.4% | +0.2 pts | 6.2% | 6.0% |
| 10Y | 6.6% | +0.4 pts | 6.2% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.7% | +0.1 pts | 0.5% | 0.5% |
| 3M | 0.6% | +0.2 pts | 0.4% | 0.4% |
| 6M | 2.9% | +0.3 pts | 2.6% | 2.7% |
| 1Y | 4.8% | +0.5 pts | 4.3% | 4.3% |
| 2Y | 6.7% | +0.6 pts | 6.0% | 6.2% |
| 3Y | 7.2% | +0.5 pts | 6.7% | 6.7% |
| 5Y | 6.2% | +0.2 pts | 6.0% | 5.8% |
| 7Y | 6.5% | +0.2 pts | 6.2% | 6.0% |
| 10Y | 6.7% | +0.5 pts | 6.2% | 6.4% |
Since launch (19 Jan 2010): 7.4%
Calendar-year returns
Category average10.1%
3.5%
3.7%
6.8%
7.9%
8.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.1% | 0.0 pts | 8.1% |
| 2024 | 7.9% | −0.4 pts | 8.3% |
| 2023 | 6.8% | −0.5 pts | 7.3% |
| 2022 | 3.7% | −1.3 pts | 5.0% |
| 2021 | 3.5% | −1.1 pts | 4.5% |
| 2020 | 10.1% | +0.4 pts | 9.8% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.95%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.79%
- Brokerage
- 0.01%
- Transaction charges
- 0.01%
- Statutory levies
- 0.14%
- Exit load
- Exit load of 0.25% if redeemed within 1 month
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY SD Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.89 | 0.81 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.44 | 1.34 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.38 | 1.36 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Axis Short Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt98.9%
- Other1.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.66% | ₹495 Cr | +1.32% | +1.28% | +0.77% |
| Nuclear Power Corpn. Of India Ltd. | Energy | 4.04% | ₹300 Cr | +3.71% | — | — |
| Siddhivinayak Securitisation Trust | Others | 2.74% | ₹204 Cr | +2.57% | +2.51% | +0.93% |
| HDFC Bank Ltd. | Financial | 2.64% | ₹196 Cr | — | — | +0.04% |
| Bajaj Housing Finance Ltd. | Financial | 2.33% | ₹173 Cr | +2.82% | +3.55% | +0.12% |
| IndiGrid Infrastructure Trust | Capital Goods | 1.89% | ₹140 Cr | +1.72% | +2.28% | +1.05% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.78% | ₹132 Cr | +4.91% | +1.20% | +0.83% |
| Tata Capital Housing Finance Ltd. | Financial | 1.74% | ₹129 Cr | +2.43% | +2.38% | +2.46% |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 1.62% | ₹120 Cr | +1.51% | +1.45% | +1.02% |
| Jubilant Beverages Ltd. | Consumer Staples | 1.62% | ₹120 Cr | +2.13% | +2.04% | +0.96% |
| Shivshakti Securitisation Trust | Others | 1.52% | ₹113 Cr | +1.42% | +1.39% | +0.97% |
| India Universal Trust AL1 | Others | 1.44% | ₹107 Cr | +1.37% | +1.38% | +0.99% |
| Export-Import Bank Of India | Financial | 1.44% | ₹107 Cr | +1.23% | +0.24% | +0.40% |
| TVS Holdings Ltd. | Automobile | 1.35% | ₹100 Cr | +1.23% | +1.21% | +0.83% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.35% | ₹99.98 Cr | +1.23% | — | — |
| Aditya Birla Finance Ltd. | Financial | 1.35% | ₹99.87 Cr | +1.22% | +1.20% | +0.82% |
| Indian Railway Finance Corporation Ltd. | Financial | 1.33% | ₹98.92 Cr | +0.93% | +1.77% | +0.62% |
| Godrej Seeds & Genetics Ltd. | Consumer Staples | 1.33% | ₹98.74 Cr | +1.22% | +1.18% | +0.82% |
| Bank Of Baroda | Financial | 1.32% | ₹97.88 Cr | — | — | +2.00% |
| Jubilant Bevco Ltd. | Consumer Staples | 1.17% | ₹87.17 Cr | +1.05% | +1.01% | +0.67% |
| Godrej Industries Ltd. | Consumer Staples | 1.13% | ₹84.15 Cr | +0.37% | +0.54% | +0.08% |
| Reliance Life Sciences Pvt Ltd. | Healthcare | 1.01% | ₹74.74 Cr | +0.92% | +0.90% | +0.62% |
| Power Finance Corporation Ltd. | Financial | 1.00% | ₹74.48 Cr | +1.22% | +2.37% | +0.83% |
| Punjab National Bank | Financial | 0.99% | ₹73.28 Cr | — | +0.28% | — |
| Radhakrishna Securitisation Trust | Others | 0.95% | ₹70.54 Cr | +0.88% | +0.87% | +0.61% |
| DLF Cyber City Developers Ltd. | Construction | 0.87% | ₹64.24 Cr | +0.79% | +0.77% | +0.53% |
| Aadhar Housing Finance Ltd | Financial | 0.74% | ₹54.78 Cr | +0.68% | +0.90% | +0.63% |
| JTPM Metal Traders Ltd. | Metals & Mining | 0.73% | ₹53.96 Cr | +0.65% | +0.62% | +0.41% |
| Sundaram Finance Ltd. | Financial | 0.66% | ₹49.28 Cr | — | — | +0.40% |
| Indian Bank | Financial | 0.66% | ₹48.93 Cr | — | — | — |
| Sundaram Home Finance Ltd. | Financial | 0.60% | ₹44.39 Cr | +0.55% | +0.53% | +0.37% |
| Embassy Office Parks REIT | Construction | 0.54% | ₹39.83 Cr | +0.37% | +0.36% | +0.25% |
| Tata Capital Ltd. | Financial | 0.48% | ₹35.44 Cr | +1.23% | — | — |
| National Bank For Agriculture & Rural Development | Financial | 0.47% | ₹34.94 Cr | +0.13% | +0.12% | +0.09% |
| Bajaj Finance Ltd. | Financial | 0.46% | ₹34.38 Cr | +0.18% | +0.90% | +0.12% |
| Sansar Trust | Others | 0.39% | ₹28.99 Cr | +0.44% | +0.53% | +0.41% |
| Muthoot Finance Ltd. | Financial | 0.36% | ₹26.92 Cr | +1.23% | +1.21% | +0.83% |
| Godrej Properties Ltd. | Construction | 0.34% | ₹25.05 Cr | +0.62% | +0.91% | +0.37% |
| LIC Housing Finance Ltd. | Financial | 0.34% | ₹24.96 Cr | +0.31% | +0.06% | +0.04% |
| Pilani Investment And Industries Corporation Ltd. | Financial | 0.33% | ₹24.69 Cr | +0.31% | — | — |
| HDB Financial Services Ltd. | Financial | 0.33% | ₹24.57 Cr | +0.31% | +1.14% | +0.79% |
| Indusind Bank Ltd. | Financial | 0.33% | ₹24.43 Cr | — | — | — |
| Bharti Telecom Ltd. | Communication | 0.28% | ₹20.43 Cr | +0.26% | +0.25% | +1.04% |
| Nexus Select Trust | Construction | 0.27% | ₹19.94 Cr | +0.25% | +0.84% | +0.78% |
| GOI | Sovereign | 0.24% | ₹17.59 Cr | +0.20% | +0.20% | +0.14% |
| RJ Corp Ltd. | Consumer Staples | 0.20% | ₹14.93 Cr | +0.68% | +0.66% | — |
| Karnataka State | Others | 0.20% | ₹14.76 Cr | +1.23% | +0.48% | +0.04% |
| Shriram Finance Ltd | Financial | 0.13% | ₹9.97 Cr | +0.19% | +0.26% | +0.29% |
| Kotak Mahindra Bank Ltd. | Financial | 0.13% | ₹9.79 Cr | +0.12% | +0.11% | — |
| Gujarat State | Construction | 0.07% | ₹5.05 Cr | +0.06% | +0.06% | — |
| Torrent Power Ltd. | Energy | 0.07% | ₹5.01 Cr | +0.06% | +0.06% | +0.17% |
| West Bengal State | Others | 0.07% | ₹4.83 Cr | +0.06% | +0.06% | +0.02% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.05% | ₹3.93 Cr | +0.05% | +0.05% | +0.03% |
| Madhya Pradesh State | Others | 0.05% | ₹3.64 Cr | +0.05% | +0.04% | — |
| Uttar Pradesh State | Others | 0.03% | ₹2.02 Cr | +0.02% | +0.12% | +0.02% |
| Haryana State | Others | 0.03% | ₹2.02 Cr | +0.02% | +0.02% | +0.02% |
| Kotak Mahindra Prime Ltd. | Financial | 0.01% | ₹1.00 Cr | +0.01% | +0.06% | +0.12% |
| Food Corporation of India | Consumer Staples | 0.01% | ₹0.99 Cr | +0.01% | +0.01% | +0.01% |
| REC Ltd. | Financial | 0.01% | ₹0.54 Cr | +1.25% | +0.05% | +0.10% |
| Tamilnadu State | Others | 0.01% | ₹0.50 Cr | +0.31% | +0.53% | +0.21% |
| Rajasthan State | Others | 0.00% | ₹0.17 Cr | 0.00% | 0.00% | 0.00% |
| Bihar State | Others | 0.00% | ₹0.07 Cr | 0.00% | 0.00% | +2.91% |
| Hongkong & Shanghai Banking Corpn. Ltd. | Financial | 0.00% | ₹0.04 Cr | +0.01% | — | — |
| Barclays Bank | Financial | 0.00% | ₹0.02 Cr | +0.01% | -0.01% | — |
| Nomura Fixed Income Securities Pvt. Ltd. | Financial | 0.00% | ₹0.02 Cr | 0.00% | -0.01% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 1.29% | 2.64% | +1.35% |
| Bank Of Baroda | 0.00% | 1.32% | +1.32% |
| Export-Import Bank Of India | 0.13% | 1.31% | +1.17% |
| Punjab National Bank | 0.00% | 0.99% | +0.99% |
| Jubilant Beverages Ltd. | 2.34% | 1.62% | -0.72% |
| Sundaram Finance Ltd. | 0.00% | 0.66% | +0.66% |
| company:5551 | 0.66% | 0.00% | -0.66% |
| company:5848 | 0.66% | 0.00% | -0.66% |
| Indian Bank | 0.00% | 0.66% | +0.66% |
| company:6942 | 0.61% | 0.00% | -0.61% |
| RJ Corp Ltd. | 0.74% | 0.20% | -0.53% |
| Tata Capital Ltd. | 0.81% | 0.48% | -0.33% |
| Indusind Bank Ltd. | 0.00% | 0.33% | +0.33% |
| company:5652 | 0.32% | 0.00% | -0.32% |
| company:5655 | 0.32% | 0.00% | -0.32% |
| Small Industries Devp. Bank of India Ltd. | 0.33% | 0.13% | -0.20% |
| company:6306 | 0.13% | 0.00% | -0.13% |
| Tata Capital Housing Finance Ltd. | 0.33% | 0.40% | +0.07% |
| Siddhivinayak Securitisation Trust | 2.77% | 2.74% | -0.03% |
| Nuclear Power Corpn. Of India Ltd. | 4.01% | 4.04% | +0.03% |
| Sansar Trust | 0.42% | 0.39% | -0.03% |
| Bajaj Housing Finance Ltd. | 1.65% | 1.63% | -0.02% |
| Jubilant Bevco Ltd. | 1.16% | 1.17% | +0.02% |
| IndiGrid Infrastructure Trust | 1.87% | 1.89% | +0.02% |
| Mahindra & Mahindra Financial Services Ltd. | 1.33% | 1.35% | +0.02% |
| Aditya Birla Finance Ltd. | 1.33% | 1.35% | +0.01% |
| TVS Holdings Ltd. | 1.34% | 1.35% | +0.01% |
| Shivshakti Securitisation Trust | 1.53% | 1.52% | -0.01% |
| Shriram Finance Ltd | 0.08% | 0.07% | -0.01% |
| Godrej Seeds & Genetics Ltd. | 1.32% | 1.33% | +0.01% |
| Reliance Life Sciences Pvt Ltd. | 1.00% | 1.01% | +0.01% |
| India Universal Trust AL1 | 1.45% | 1.44% | -0.01% |
| JTPM Metal Traders Ltd. | 0.72% | 0.73% | +0.01% |
| DLF Cyber City Developers Ltd. | 0.86% | 0.87% | +0.01% |
| L&T Metro Rail (Hyderabad) Ltd. | 1.63% | 1.62% | -0.01% |
| Radhakrishna Securitisation Trust | 0.96% | 0.95% | -0.01% |
| Others | 0.48% | 0.49% | +0.01% |
| Power Finance Corporation Ltd. | 0.66% | 0.67% | +0.01% |
| Godrej Industries Ltd. | 1.13% | 1.13% | +0.01% |
| Barclays Bank | 0.01% | 0.00% | 0.00% |
| Aadhar Housing Finance Ltd | 0.73% | 0.74% | 0.00% |
| Sundaram Home Finance Ltd. | 0.59% | 0.60% | 0.00% |
| company:4647 | 0.00% | 0.00% | 0.00% |
| Godrej Properties Ltd. | 0.33% | 0.34% | 0.00% |
| LIC Housing Finance Ltd. | 0.33% | 0.34% | 0.00% |
| Muthoot Finance Ltd. | 0.33% | 0.34% | 0.00% |
| company:19599 | 0.00% | 0.00% | 0.00% |
| Bajaj Finance Ltd. | 0.33% | 0.34% | 0.00% |
| Nomura Fixed Income Securities Pvt. Ltd. | 0.00% | 0.00% | 0.00% |
| Hongkong & Shanghai Banking Corpn. Ltd. | 0.00% | 0.00% | 0.00% |
| company:5329 | 0.00% | 0.00% | 0.00% |
| Kotak Mahindra Bank Ltd. | 0.13% | 0.13% | 0.00% |
| Nexus Select Trust | 0.27% | 0.27% | 0.00% |
| Embassy Office Parks REIT | 0.20% | 0.20% | 0.00% |
| HDB Financial Services Ltd. | 0.33% | 0.33% | 0.00% |
| Pilani Investment And Industries Corporation Ltd. | 0.33% | 0.33% | 0.00% |
| Indian Railway Finance Corporation Ltd. | 0.33% | 0.34% | 0.00% |
| Karnataka State | 0.20% | 0.20% | 0.00% |
| Torrent Power Ltd. | 0.07% | 0.07% | 0.00% |
| West Bengal State | 0.07% | 0.07% | 0.00% |
| National Bank For Agriculture & Rural Development | 0.07% | 0.07% | 0.00% |
| Cholamandalam Investment and Finance Company Ltd. | 0.05% | 0.05% | 0.00% |
| GOI | 0.07% | 0.07% | 0.00% |
| Madhya Pradesh State | 0.05% | 0.05% | 0.00% |
| Gujarat State | 0.07% | 0.07% | 0.00% |
| Bharti Telecom Ltd. | 0.28% | 0.28% | 0.00% |
| Uttar Pradesh State | 0.03% | 0.03% | 0.00% |
| Haryana State | 0.03% | 0.03% | 0.00% |
| Kotak Mahindra Prime Ltd. | 0.01% | 0.01% | 0.00% |
| Food Corporation of India | 0.01% | 0.01% | 0.00% |
| company:14064 | -0.00% | 0.00% | 0.00% |
| REC Ltd. | 0.01% | 0.01% | 0.00% |
| Tamilnadu State | 0.01% | 0.01% | 0.00% |
| Bihar State | 0.00% | 0.00% | 0.00% |
| Rajasthan State | 0.00% | 0.00% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹7,234 Cr | 0.74% | 5.2% | 6.3% | 6.6% |
 ICICI Prudential Short Term Fund | ₹18,468 Cr | 1.03% | 4.7% | 6.3% | 6.7% |
 Bandhan Short Term Fund | ₹8,628 Cr | 0.86% | 5.3% | 6.4% | 6.6% |
 Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund | ₹1,651 Cr | 0.33% | 6.0% | — | — |
 Sundaram Short Term Fund | ₹190 Cr | 0.73% | 4.7% | 6.0% | 6.3% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The fund seeks to generate reasonable return commensurate with low risk and high degree of liquidity from a portfolio of money market and high quality debt securities.
Fund managers
- Aditya PagariaMr. 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. Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
- Devang ShahMr. Shah is B.Com and ACA.Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.88% absolute | ₹60,000 | ₹61,728 | 2.88% | |
| 1 year4.80% annualised | ₹1,20,000 | ₹1,23,166 | 2.64% | |
| 3 years7.16% annualised | ₹3,60,000 | ₹4,02,650 | 11.85% | |
| 5 years6.22% annualised | ₹6,00,000 | ₹7,05,296 | 17.55% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Axis Short Term Fund?
The NAV of Axis Short Term Fund is ₹33.26 as on 9 Nov 2026.
What is the expense ratio of Axis Short Term Fund?
The expense ratio of Axis Short Term Fund is 0.92% per year.
What is the minimum SIP amount for Axis Short Term Fund?
You can start a SIP in Axis Short Term Fund with ₹3,000 a month.
What returns has Axis Short Term Fund given?
Axis Short Term Fund has returned 5.0% over 1 year, 6.5% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on Axis Short Term Fund?
Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 1 month.
How risky is Axis Short Term Fund?
Axis Short Term Fund is rated Moderate on the SEBI riskometer and belongs to the Short Duration category.
Which fund house manages Axis Short Term Fund?
Axis Short Term Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,91,554 Cr under management.