Axis Ultra Short Term Fund
Ultra Short DurationModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹15.91+0.06%1 day
- Return since launch
- 5.8%
- 52-week range
- ₹15.04 — ₹15.90
- AUM
- ₹5,274 Cr
Axis Ultra Short Term Fund is a Ultra Short Duration debt fund from Axis Mutual Fund with ₹5,274 Cr under management, launched in 2018. Over three years it has returned 6.2% a year, against 6.6% for its category. The expense ratio is 1.24% and the SEBI riskometer reading is 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 +5.7% against +6.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.8% | −0.2 pts | 6.0% | 6.2% |
| 2Y | 6.0% | −0.1 pts | 6.1% | 6.3% |
| 3Y | 6.2% | −0.4 pts | 6.6% | 6.5% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.5% |
| 7Y | 5.9% | −0.1 pts | 6.0% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.3% | 0.0 pts | 1.3% | 1.3% |
| 6M | 3.0% | −0.1 pts | 3.1% | 3.1% |
| 1Y | 5.7% | −0.3 pts | 6.0% | 6.1% |
| 2Y | 6.2% | −0.1 pts | 6.3% | 6.5% |
| 3Y | 6.5% | −0.1 pts | 6.6% | 6.8% |
| 5Y | 5.9% | −0.1 pts | 6.0% | 6.2% |
| 7Y | 5.5% | −0.1 pts | 5.6% | 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
1.24%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.06%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.17%
- 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.
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 | 1.66 | — | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.20 | — | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.44 | — | 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 30 Sep 2026
Asset allocation
- Debt98.9%
- Other1.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 5.87% | ₹293 Cr | +3.89% | +1.89% | +2.13% |
| HDFC Bank Ltd. | Financial | 5.40% | ₹270 Cr | +3.92% | +3.63% | +3.52% |
| Punjab National Bank | Financial | 5.37% | ₹269 Cr | +3.92% | +4.89% | +0.96% |
| Mindspace Business Parks REIT | Construction | 4.01% | ₹200 Cr | +4.06% | +1.52% | +1.33% |
| LIC Housing Finance Ltd. | Financial | 3.55% | ₹177 Cr | +4.55% | +5.68% | +1.98% |
| Piramal Finance Pvt. Ltd. | Financial | 3.01% | ₹150 Cr | +4.07% | +5.06% | +4.40% |
| IDBI Bank Ltd. | Financial | 2.91% | ₹145 Cr | +2.89% | — | — |
| Muthoot Finance Ltd. | Financial | 2.55% | ₹127 Cr | +0.04% | +1.27% | +1.11% |
| JTPM Metal Traders Ltd. | Metals & Mining | 2.40% | ₹120 Cr | +2.17% | — | — |
| Vedanta Ltd. | Metals & Mining | 2.01% | ₹100 Cr | — | — | +1.10% |
| Nuvama Wealth Finance Ltd. | Financial | 2.00% | ₹99.98 Cr | +2.02% | +2.78% | +2.42% |
| Aditya Birla Housing Finance Ltd. | Financial | 2.00% | ₹99.97 Cr | — | — | — |
| Narayana Hrudayalaya Ltd. | Healthcare | 2.00% | ₹99.93 Cr | +2.02% | +2.52% | — |
| Poonawalla Fincorp Ltd. | Financial | 2.00% | ₹99.76 Cr | +2.02% | +2.52% | — |
| Indusind Bank Ltd. | Financial | 1.96% | ₹97.77 Cr | +1.94% | +2.38% | +3.23% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.79% | ₹89.54 Cr | +1.91% | — | — |
| National Bank For Agriculture & Rural Development | Financial | 1.79% | ₹89.27 Cr | +2.04% | +3.78% | +4.97% |
| Others | Others | 1.62% | ₹81.09 Cr | +1.09% | +1.34% | +1.13% |
| 360 ONE Wealth Ltd. | Financial | 1.20% | ₹59.90 Cr | +0.41% | +1.51% | +2.20% |
| IKF Finance Ltd. | Financial | 1.20% | ₹59.73 Cr | — | — | — |
| Liquid Gold Series | Financial | 1.19% | ₹59.63 Cr | — | — | — |
| SK Finance Ltd. | Financial | 1.10% | ₹54.85 Cr | +1.01% | +1.26% | +1.10% |
| Mankind Pharma Ltd. | Healthcare | 1.00% | ₹49.99 Cr | +1.02% | +1.27% | +0.77% |
| Godrej Industries Ltd. | Consumer Staples | 1.00% | ₹49.91 Cr | — | +1.52% | +1.33% |
| ICICI Home Finance Company Ltd. | Financial | 0.99% | ₹49.23 Cr | — | — | — |
| AU Small Finance Bank Ltd. | Financial | 0.97% | ₹48.68 Cr | — | — | — |
| Union Bank of India | Financial | 0.97% | ₹48.61 Cr | — | +4.22% | +0.43% |
| Reserve Bank of India | Financial | 0.80% | ₹39.92 Cr | +2.02% | +1.26% | — |
| Godrej Properties Ltd. | Construction | 0.70% | ₹35.09 Cr | +2.02% | +2.52% | +3.09% |
| Liquid Gold Series 14 | Others | 0.58% | ₹28.99 Cr | +0.75% | +1.18% | +1.98% |
| Sansar Trust | Others | 0.58% | ₹28.99 Cr | +0.73% | +1.12% | +1.10% |
| Shriram Finance Ltd | Financial | 0.50% | ₹25.15 Cr | +0.51% | +0.63% | +1.32% |
| Godrej Finance Ltd. | Financial | 0.50% | ₹25.05 Cr | +0.51% | +0.63% | +0.56% |
| Maharashtra State | Others | 0.50% | ₹25.03 Cr | +0.51% | — | +0.55% |
| Phoenix ARC Pvt Ltd. | Diversified | 0.50% | ₹24.81 Cr | +0.51% | +0.63% | — |
| Export-Import Bank Of India | Financial | 0.49% | ₹24.69 Cr | — | +0.37% | — |
| Bank Of Baroda | Financial | 0.49% | ₹24.68 Cr | +1.94% | +2.38% | +0.53% |
| Canara Bank | Financial | 0.49% | ₹24.46 Cr | +2.45% | — | +2.14% |
| Punjab & Sind Bank | Financial | 0.49% | ₹24.25 Cr | +0.48% | — | — |
| Torrent Power Ltd. | Energy | 0.38% | ₹19.04 Cr | +0.39% | +0.48% | +0.53% |
| Uttar Pradesh State | Others | 0.10% | ₹5.04 Cr | +0.10% | +0.13% | — |
| Indostar Capital Finance Ltd. | Financial | 0.10% | ₹5.01 Cr | +0.10% | +1.39% | +1.22% |
| Sundaram Home Finance Ltd. | Financial | 0.10% | ₹4.98 Cr | +0.10% | +0.13% | +0.11% |
| ICICI Bank Ltd. | Financial | 0.00% | ₹0.21 Cr | 0.00% | — | +0.22% |
| Nomura Fixed Income Securities Pvt. Ltd. | Financial | 0.00% | ₹0.04 Cr | 0.00% | 0.00% | 0.00% |
| DBS Bank India Ltd. | Financial | 0.00% | ₹0.01 Cr | 0.00% | — | — |
| ICICI Securities Primary Dealership Ltd. | Financial | 0.00% | ₹0.01 Cr | 0.00% | 0.00% | 0.00% |
| Hongkong & Shanghai Banking Corpn. Ltd. | Financial | 0.00% | ₹0.00 Cr | 0.00% | +0.03% | 0.00% |
| IDFC First Bank Ltd. | Financial | -0.00% | ₹-0.00 Cr | 0.00% | 0.00% | 0.00% |
| Barclays Bank | Financial | -0.00% | ₹-0.10 Cr | 0.00% | +0.01% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Canara Bank | 3.61% | 0.49% | -3.12% |
| HDFC Bank Ltd. | 2.83% | 5.40% | +2.57% |
| Punjab National Bank | 2.83% | 5.37% | +2.55% |
| Union Bank of India | 3.21% | 0.97% | -2.24% |
| Vedanta Ltd. | 0.00% | 2.01% | +2.01% |
| Export-Import Bank Of India | 2.43% | 0.49% | -1.93% |
| company:6000 | 1.20% | 0.00% | -1.20% |
| Small Industries Devp. Bank of India Ltd. | 4.80% | 5.87% | +1.07% |
| ICICI Home Finance Company Ltd. | 2.01% | 0.99% | -1.03% |
| Mindspace Business Parks REIT | 3.30% | 4.01% | +0.71% |
| JTPM Metal Traders Ltd. | 1.77% | 2.40% | +0.62% |
| LIC Housing Finance Ltd. | 1.60% | 1.00% | -0.60% |
| IDBI Bank Ltd. | 2.38% | 2.91% | +0.53% |
| company:15589 | 0.41% | 0.00% | -0.41% |
| Muthoot Finance Ltd. | 1.68% | 2.05% | +0.37% |
| Indusind Bank Ltd. | 1.60% | 1.96% | +0.36% |
| Narayana Hrudayalaya Ltd. | 1.65% | 2.00% | +0.35% |
| Cholamandalam Investment and Finance Company Ltd. | 1.47% | 1.79% | +0.32% |
| Bank Of Baroda | 0.81% | 0.49% | -0.31% |
| IKF Finance Ltd. | 0.98% | 1.20% | +0.21% |
| Liquid Gold Series | 0.99% | 1.19% | +0.20% |
| SK Finance Ltd. | 0.90% | 1.10% | +0.19% |
| Godrej Industries Ltd. | 0.82% | 1.00% | +0.18% |
| Nuvama Wealth Finance Ltd. | 0.82% | 1.00% | +0.18% |
| Piramal Finance Pvt. Ltd. | 0.82% | 1.00% | +0.18% |
| Aditya Birla Housing Finance Ltd. | 0.82% | 1.00% | +0.18% |
| AU Small Finance Bank Ltd. | 0.80% | 0.97% | +0.18% |
| National Bank For Agriculture & Rural Development | 0.83% | 1.00% | +0.18% |
| Poonawalla Fincorp Ltd. | 0.82% | 1.00% | +0.18% |
| Mankind Pharma Ltd. | 0.83% | 1.00% | +0.18% |
| Reserve Bank of India | 0.65% | 0.80% | +0.14% |
| Godrej Properties Ltd. | 0.58% | 0.70% | +0.12% |
| Shriram Finance Ltd | 0.41% | 0.50% | +0.09% |
| Godrej Finance Ltd. | 0.41% | 0.50% | +0.09% |
| Maharashtra State | 0.41% | 0.50% | +0.09% |
| Punjab & Sind Bank | 0.40% | 0.49% | +0.09% |
| Phoenix ARC Pvt Ltd. | 0.41% | 0.50% | +0.09% |
| Liquid Gold Series 14 | 0.51% | 0.58% | +0.07% |
| Torrent Power Ltd. | 0.31% | 0.38% | +0.07% |
| Others | 0.30% | 0.36% | +0.07% |
| Sansar Trust | 0.52% | 0.58% | +0.06% |
| 360 ONE Wealth Ltd. | 0.16% | 0.20% | +0.04% |
| Uttar Pradesh State | 0.08% | 0.10% | +0.02% |
| Indostar Capital Finance Ltd. | 0.08% | 0.10% | +0.02% |
| Sundaram Home Finance Ltd. | 0.08% | 0.10% | +0.02% |
| ICICI Bank Ltd. | 0.00% | 0.00% | 0.00% |
| Barclays Bank | 0.00% | -0.00% | 0.00% |
| Hongkong & Shanghai Banking Corpn. Ltd. | 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% |
| Nomura Fixed Income Securities Pvt. 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 | ₹1,099 Cr | 0.29% | 6.6% | — | — |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund | ₹2,407 Cr | 0.37% | 6.7% | — | — |
 HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹1,986 Cr | 0.25% | 6.8% | — | — |
 ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹575 Cr | 0.18% | 6.7% | — | — |
 Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹359 Cr | 0.36% | 6.4% | — | — |
| Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹170 Cr | 0.27% | 6.6% | — | — |
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 months2.98% absolute | ₹60,000 | ₹61,788 | 2.98% | |
| 1 year5.74% annualised | ₹1,20,000 | ₹1,23,797 | 3.16% | |
| 3 years6.50% annualised | ₹3,60,000 | ₹3,98,464 | 10.68% | |
| 5 years5.94% annualised | ₹6,00,000 | ₹7,00,074 | 16.68% |
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 ₹15.91 as on 9 Nov 2026.
What is the expense ratio of Axis Ultra Short Term Fund?
The expense ratio of Axis Ultra Short Term Fund is 1.24% 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 5.8% over 1 year, 6.2% 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 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 ₹3,91,554 Cr under management.