Axis Ultra Short Term Fund
Ultra Short DurationLow to ModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹15.81-0.02%1 day
- Return since launch
- 5.8%
- 52-week range
- ₹14.94 — ₹15.82
- AUM
- ₹6,074 Cr
Axis Ultra Short Term Fund is a Ultra Short Duration debt fund from Axis Mutual Fund with ₹6,074 Cr under management, launched in 2018. Over three years it has returned 6.3% a year, against 6.7% for its category. The expense ratio is 1.26% and the SEBI riskometer reading is Low to Moderate.
Performance
Axis Ultra Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.9% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.1% | 0.0 pts | 6.1% | 6.5% |
| 2Y | 6.2% | −0.1 pts | 6.3% | 6.5% |
| 3Y | 6.3% | −0.3 pts | 6.7% | 6.7% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.6% |
| 7Y | 5.9% | −0.1 pts | 6.0% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.4% | −0.1 pts | 1.5% | 1.5% |
| 6M | 3.2% | −0.2 pts | 3.4% | 3.4% |
| 1Y | 5.9% | −0.2 pts | 6.1% | 6.2% |
| 2Y | 6.4% | −0.1 pts | 6.5% | 6.7% |
| 3Y | 6.5% | −0.1 pts | 6.7% | 6.8% |
| 5Y | 5.9% | −0.1 pts | 6.0% | 6.1% |
| 7Y | 5.5% | −0.4 pts | 6.0% | 5.7% |
Since launch (27 Aug 2018): 5.8%
Calendar-year returns
Category average5.2%
3.2%
4.2%
6.5%
7.0%
6.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.6% | −0.6 pts | 7.2% |
| 2024 | 7.0% | −0.7 pts | 7.6% |
| 2023 | 6.5% | −0.7 pts | 7.2% |
| 2022 | 4.2% | −0.6 pts | 4.8% |
| 2021 | 3.2% | −0.9 pts | 4.1% |
| 2020 | 5.2% | −0.5 pts | 5.8% |
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
1.26%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.06%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.19%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Ultra Short Duration Debt Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Low to Moderate
Your principal is treated as being at low to moderate risk — typically short duration debt 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 | 1.63 | 2.71 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.27 | 3.79 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.42 | 0.42 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Axis Ultra Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt96.9%
- Other3.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 4.80% | ₹292 Cr | +3.08% | +1.71% | +1.43% |
| Others | Others | 4.67% | ₹283 Cr | +0.87% | +0.91% | +0.76% |
| Canara Bank | Financial | 3.61% | ₹219 Cr | +1.19% | +0.84% | +1.45% |
| Mindspace Business Parks REIT | Construction | 3.30% | ₹201 Cr | — | +1.03% | +0.89% |
| Union Bank of India | Financial | 3.21% | ₹195 Cr | — | +3.80% | +2.11% |
| LIC Housing Finance Ltd. | Financial | 2.83% | ₹172 Cr | +2.43% | +2.58% | +2.08% |
| HDFC Bank Ltd. | Financial | 2.83% | ₹172 Cr | +2.77% | +1.71% | +1.29% |
| Punjab National Bank | Financial | 2.83% | ₹172 Cr | +2.33% | — | +1.43% |
| Piramal Finance Pvt. Ltd. | Financial | 2.48% | ₹150 Cr | +3.25% | +3.45% | +2.97% |
| Export-Import Bank Of India | Financial | 2.43% | ₹147 Cr | — | — | — |
| IDBI Bank Ltd. | Financial | 2.38% | ₹145 Cr | +2.29% | — | — |
| National Bank For Agriculture & Rural Development | Financial | 2.37% | ₹144 Cr | +6.80% | +2.08% | +2.23% |
| Muthoot Finance Ltd. | Financial | 2.09% | ₹127 Cr | +0.03% | +0.87% | +0.75% |
| ICICI Home Finance Company Ltd. | Financial | 2.01% | ₹122 Cr | — | — | — |
| JTPM Metal Traders Ltd. | Metals & Mining | 1.77% | ₹108 Cr | +1.70% | — | — |
| Aditya Birla Housing Finance Ltd. | Financial | 1.65% | ₹99.99 Cr | — | — | — |
| Narayana Hrudayalaya Ltd. | Healthcare | 1.65% | ₹99.94 Cr | +1.61% | +1.72% | — |
| Nuvama Wealth Finance Ltd. | Financial | 1.64% | ₹99.88 Cr | +1.62% | +1.89% | +1.63% |
| Poonawalla Fincorp Ltd. | Financial | 1.64% | ₹99.84 Cr | +1.61% | +1.72% | — |
| Indusind Bank Ltd. | Financial | 1.60% | ₹97.27 Cr | +1.54% | +1.61% | +2.16% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.47% | ₹89.52 Cr | +1.53% | — | — |
| Panatone Finvest Ltd | Financial | 1.20% | ₹73.02 Cr | +1.16% | +1.21% | — |
| company:20537 | Financial | 0.99% | ₹60.41 Cr | — | — | — |
| 360 ONE Wealth Ltd. | Financial | 0.99% | ₹59.89 Cr | +0.32% | +1.03% | +1.66% |
| company:6213 | Financial | 0.98% | ₹59.69 Cr | — | — | — |
| SK Finance Ltd. | Financial | 0.90% | ₹54.94 Cr | +0.81% | +0.86% | +0.74% |
| Mankind Pharma Ltd. | Healthcare | 0.83% | ₹50.12 Cr | +0.81% | +0.87% | +0.52% |
| Godrej Industries Ltd. | Consumer Staples | 0.82% | ₹49.64 Cr | +1.22% | +1.03% | +0.90% |
| Bank Of Baroda | Financial | 0.81% | ₹49.02 Cr | +1.54% | +1.62% | +2.91% |
| AU Small Finance Bank Ltd. | Financial | 0.80% | ₹48.40 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.65% | ₹39.76 Cr | +1.61% | +0.85% | +3.68% |
| Godrej Properties Ltd. | Construction | 0.58% | ₹35.12 Cr | +1.62% | +1.72% | +2.09% |
| Sansar Trust | Others | 0.52% | ₹31.43 Cr | +0.63% | +0.81% | +0.74% |
| Liquid Gold Series 14 | Others | 0.51% | ₹31.03 Cr | +0.65% | +0.89% | — |
| Shriram Finance Ltd | Financial | 0.41% | ₹25.18 Cr | +0.41% | +0.44% | +0.89% |
| Maharashtra State | Others | 0.41% | ₹25.07 Cr | — | — | +0.37% |
| Godrej Finance Ltd. | Financial | 0.41% | ₹25.06 Cr | +0.41% | +0.43% | +0.38% |
| Embassy Office Parks REIT | Construction | 0.41% | ₹25.00 Cr | +0.40% | +0.43% | +0.37% |
| Phoenix ARC Pvt Ltd. | Diversified | 0.41% | ₹24.87 Cr | +0.40% | +0.43% | — |
| Punjab & Sind Bank | Financial | 0.40% | ₹24.12 Cr | — | — | — |
| Torrent Power Ltd. | Energy | 0.31% | ₹19.05 Cr | +0.31% | +0.33% | +0.36% |
| Uttar Pradesh State | Others | 0.08% | ₹5.05 Cr | +0.08% | +0.09% | — |
| Indostar Capital Finance Ltd. | Financial | 0.08% | ₹5.01 Cr | +0.08% | +0.95% | +0.82% |
| Sundaram Home Finance Ltd. | Financial | 0.08% | ₹4.99 Cr | +0.08% | +0.09% | +0.07% |
| ICICI Bank Ltd. | Financial | 0.00% | ₹0.10 Cr | — | — | 0.00% |
| Hongkong & Shanghai Banking Corpn. Ltd. | Financial | 0.00% | ₹0.05 Cr | 0.00% | 0.00% | 0.00% |
| Nomura Fixed Income Securities Pvt. Ltd. | Financial | 0.00% | ₹0.04 Cr | 0.00% | 0.00% | 0.00% |
| Barclays Bank | Financial | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | — |
| DBS Bank India Ltd. | Financial | -0.00% | ₹-0.01 Cr | 0.00% | 0.00% | — |
| ICICI Securities Primary Dealership Ltd. | Financial | -0.00% | ₹-0.01 Cr | 0.00% | 0.00% | 0.00% |
| IDFC First Bank Ltd. | Financial | -0.00% | ₹-0.03 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Union Bank of India | 0.81% | 3.21% | +2.40% |
| Adani Ports and Special Economic Zone Ltd. | 1.69% | 0.00% | -1.69% |
| Canara Bank | 2.06% | 3.61% | +1.54% |
| company:20537 | 0.00% | 0.99% | +0.99% |
| company:6213 | 0.00% | 0.98% | +0.98% |
| Piramal Finance Pvt. Ltd. | 1.70% | 0.82% | -0.88% |
| The Federal Bank Ltd. | 0.83% | 0.00% | -0.83% |
| Bank Of Baroda | 1.64% | 0.81% | -0.83% |
| Small Industries Devp. Bank of India Ltd. | 4.09% | 4.80% | +0.71% |
| HDFC Bank Ltd. | 3.34% | 2.83% | -0.51% |
| Godrej Industries Ltd. | 1.25% | 0.82% | -0.43% |
| ICICI Home Finance Company Ltd. | 1.67% | 2.01% | +0.34% |
| Mindspace Business Parks REIT | 3.40% | 3.30% | -0.09% |
| Liquid Gold Series 13 | 0.08% | 0.00% | -0.08% |
| Liquid Gold Series 14 | 0.58% | 0.51% | -0.06% |
| Punjab National Bank | 2.89% | 2.83% | -0.06% |
| SK Finance Ltd. | 0.85% | 0.90% | +0.06% |
| Sansar Trust | 0.57% | 0.52% | -0.05% |
| Export-Import Bank Of India | 2.48% | 2.43% | -0.05% |
| IDBI Bank Ltd. | 2.43% | 2.38% | -0.05% |
| Narayana Hrudayalaya Ltd. | 1.69% | 1.65% | -0.05% |
| JTPM Metal Traders Ltd. | 1.82% | 1.77% | -0.04% |
| Muthoot Finance Ltd. | 1.72% | 1.68% | -0.04% |
| Cholamandalam Investment and Finance Company Ltd. | 1.52% | 1.47% | -0.04% |
| LIC Housing Finance Ltd. | 1.63% | 1.60% | -0.03% |
| India Universal Trust AL1 | 0.03% | 0.00% | -0.03% |
| Indusind Bank Ltd. | 1.63% | 1.60% | -0.03% |
| Panatone Finvest Ltd | 1.23% | 1.20% | -0.03% |
| Mankind Pharma Ltd. | 0.85% | 0.83% | -0.02% |
| Nuvama Wealth Finance Ltd. | 0.85% | 0.82% | -0.02% |
| Poonawalla Fincorp Ltd. | 0.85% | 0.82% | -0.02% |
| National Bank For Agriculture & Rural Development | 0.85% | 0.83% | -0.02% |
| Aditya Birla Housing Finance Ltd. | 0.84% | 0.82% | -0.02% |
| AU Small Finance Bank Ltd. | 0.81% | 0.80% | -0.02% |
| Godrej Properties Ltd. | 0.59% | 0.58% | -0.02% |
| Reserve Bank of India | 0.67% | 0.65% | -0.02% |
| Phoenix ARC Pvt Ltd. | 0.42% | 0.41% | -0.01% |
| Maharashtra State | 0.42% | 0.41% | -0.01% |
| Shriram Finance Ltd | 0.43% | 0.41% | -0.01% |
| Godrej Finance Ltd. | 0.42% | 0.41% | -0.01% |
| Embassy Office Parks REIT | 0.42% | 0.41% | -0.01% |
| Torrent Power Ltd. | 0.32% | 0.31% | -0.01% |
| Punjab & Sind Bank | 0.41% | 0.40% | -0.01% |
| Others | 0.30% | 0.30% | -0.01% |
| 360 ONE Wealth Ltd. | 0.17% | 0.16% | 0.00% |
| Uttar Pradesh State | 0.09% | 0.08% | 0.00% |
| Indostar Capital Finance Ltd. | 0.08% | 0.08% | 0.00% |
| Sundaram Home Finance Ltd. | 0.08% | 0.08% | 0.00% |
| ICICI Bank Ltd. | 0.00% | 0.00% | 0.00% |
| Hongkong & Shanghai Banking Corpn. Ltd. | -0.00% | 0.00% | 0.00% |
| Nomura Fixed Income Securities Pvt. Ltd. | 0.00% | 0.00% | 0.00% |
| Barclays Bank | 0.00% | 0.00% | 0.00% |
| IDFC First Bank Ltd. | -0.00% | -0.00% | 0.00% |
| ICICI Securities Primary Dealership Ltd. | 0.00% | -0.00% | 0.00% |
| DBS Bank India Ltd. | 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 | ₹1,179 Cr | 0.32% | 7.0% | 6.9% | 6.9% |
 HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹2,264 Cr | 0.25% | 7.2% | — | — |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund | ₹2,164 Cr | 0.37% | 7.0% | — | — |
 Baroda BNP Paribas Ultra Short Term Fund | ₹666 Cr | 0.43% | 6.8% | 6.9% | 6.9% |
 ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹533 Cr | 0.22% | 7.1% | — | — |
 Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹270 Cr | 0.35% | 6.8% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
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 managers
- Hardik ShahMr. Shah has done B.E. Information Technology and MBA Finance.Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
- Sachin JainMr. Jain is a B.Tech, AGMP (Management)Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
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 months3.24% absolute | ₹60,000 | ₹61,944 | 3.24% | |
| 1 year5.87% annualised | ₹1,20,000 | ₹1,23,885 | 3.24% | |
| 3 years6.55% annualised | ₹3,60,000 | ₹3,98,779 | 10.77% | |
| 5 years5.87% annualised | ₹6,00,000 | ₹6,98,776 | 16.46% |
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 Ultra Short Term Fund?
The NAV of Axis Ultra Short Term Fund is ₹15.81 as on 25 Sep 2026.
What is the expense ratio of Axis Ultra Short Term Fund?
The expense ratio of Axis Ultra Short Term Fund is 1.26% per year.
What is the minimum SIP amount for Axis Ultra Short Term Fund?
You can start a SIP in Axis Ultra Short Term Fund with ₹3,000 a month.
What returns has Axis Ultra Short Term Fund given?
Axis Ultra Short Term Fund has returned 6.1% over 1 year, 6.3% over 3 years and 6.3% over 5 years (annualised).
Is there a lock-in or exit load on Axis Ultra Short Term Fund?
Lock-in: None. Exit load: 0%.
How risky is Axis Ultra Short Term Fund?
Axis Ultra Short Term Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Ultra Short Duration category.
Which fund house manages Axis Ultra Short Term Fund?
Axis Ultra Short Term Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,77,445 Cr under management.