Axis Ultra Short to Short Term Fund
Low DurationModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹3,331.96-0.03%1 day
- Return since launch
- 7.4%
- 52-week range
- ₹3,143.57 — ₹3,333.06
- AUM
- ₹4,558 Cr
Axis Ultra Short to Short Term Fund is a Low Duration debt fund from Axis Mutual Fund with ₹4,558 Cr under management, launched in 2009. Over three years it has returned 6.8% a year, against 6.8% for its category. The expense ratio is 0.73% and the SEBI riskometer reading is Moderate.
Performance
Axis Ultra Short to Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.0% against +5.8% 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% | +0.4 pts | 5.7% | 6.0% |
| 2Y | 6.5% | +0.3 pts | 6.2% | 6.3% |
| 3Y | 6.8% | 0.0 pts | 6.8% | 6.6% |
| 5Y | 6.8% | +0.7 pts | 6.1% | 6.6% |
| 7Y | 6.5% | +0.2 pts | 6.3% | 6.2% |
| 10Y | 6.5% | +0.3 pts | 6.3% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.4% | 0.4% |
| 3M | 1.4% | 0.0 pts | 1.4% | 1.4% |
| 6M | 3.3% | +0.1 pts | 3.3% | 3.3% |
| 1Y | 6.0% | +0.3 pts | 5.7% | 5.8% |
| 2Y | 6.9% | +0.3 pts | 6.6% | 6.6% |
| 3Y | 7.1% | +0.3 pts | 6.8% | 6.8% |
| 5Y | 6.3% | +0.2 pts | 6.1% | 6.1% |
| 7Y | 6.3% | +0.1 pts | 6.2% | 6.0% |
| 10Y | 6.6% | +0.4 pts | 6.3% | 6.2% |
Since launch (8 Oct 2009): 7.4%
Calendar-year returns
Category average7.3%
3.7%
4.4%
7.0%
7.6%
7.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.5% | −0.3 pts | 7.8% |
| 2024 | 7.6% | −0.2 pts | 7.8% |
| 2023 | 7.0% | −0.3 pts | 7.4% |
| 2022 | 4.4% | −0.2 pts | 4.6% |
| 2021 | 3.7% | −0.9 pts | 4.6% |
| 2020 | 7.3% | −1.4 pts | 8.7% |
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
0.73%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.60%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.11%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Low 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 | 1.87 | 1.93 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.73 | 2.92 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.63 | 0.64 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Axis Ultra Short to Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt98.1%
- Other1.9%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 4.40% | ₹200 Cr | +0.90% | +0.66% | +0.68% |
| GOI | Sovereign | 3.86% | ₹176 Cr | +3.03% | +0.06% | +0.06% |
| Piramal Finance Pvt. Ltd. | Financial | 2.64% | ₹120 Cr | +1.54% | +1.15% | +3.46% |
| LIC Housing Finance Ltd. | Financial | 2.64% | ₹120 Cr | +0.86% | +0.06% | +2.08% |
| 360 ONE Wealth Ltd. | Financial | 2.49% | ₹114 Cr | +2.73% | +2.30% | — |
| Bajaj Finance Ltd. | Financial | 2.37% | ₹108 Cr | +2.58% | — | +1.87% |
| company:11584 | Construction | 2.27% | ₹103 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.17% | ₹98.73 Cr | +4.07% | +4.78% | +1.40% |
| AU Small Finance Bank Ltd. | Financial | 2.12% | ₹96.46 Cr | — | — | — |
| Bajaj Housing Finance Ltd. | Financial | 2.05% | ₹93.55 Cr | +2.54% | +1.91% | — |
| JTPM Metal Traders Ltd. | Metals & Mining | 2.01% | ₹91.63 Cr | +1.36% | +1.00% | — |
| Muthoot Finance Ltd. | Financial | 1.97% | ₹89.66 Cr | +1.38% | +1.04% | +1.40% |
| National Bank For Agriculture & Rural Development | Financial | 1.74% | ₹79.35 Cr | +0.52% | +0.77% | +2.10% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.64% | ₹74.87 Cr | +0.43% | — | — |
| Punjab & Sind Bank | Financial | 1.59% | ₹72.58 Cr | +1.22% | — | — |
| company:4975 | Financial | 1.41% | ₹64.37 Cr | +0.86% | +5.11% | +1.11% |
| company:15565 | Financial | 1.28% | ₹58.27 Cr | — | — | — |
| company:20537 | Financial | 1.21% | ₹55.01 Cr | — | — | — |
| Tata Capital Housing Finance Ltd. | Financial | 1.20% | ₹54.54 Cr | +1.70% | +0.64% | +0.69% |
| Tamilnadu State | Others | 1.13% | ₹51.47 Cr | +0.09% | +0.07% | +1.04% |
| DLF Cyber City Developers Ltd. | Construction | 1.12% | ₹51.24 Cr | +0.88% | +0.66% | +0.48% |
| Nuclear Power Corpn. Of India Ltd. | Energy | 1.10% | ₹50.16 Cr | +0.86% | — | — |
| Nexus Select Trust | Construction | 1.10% | ₹49.97 Cr | +0.86% | +0.64% | +2.08% |
| Aditya Birla Finance Ltd. | Financial | 1.10% | ₹49.92 Cr | +0.86% | +0.64% | +0.69% |
| Power Finance Corporation Ltd. | Financial | 1.09% | ₹49.87 Cr | +0.85% | +1.91% | +2.48% |
| Bank Of Baroda | Financial | 1.08% | ₹49.02 Cr | +0.82% | +0.32% | +1.02% |
| Reserve Bank of India | Financial | 1.07% | ₹48.94 Cr | +1.35% | +3.17% | +0.21% |
| Siddhivinayak Securitisation Trust | Others | 1.01% | ₹45.92 Cr | +0.79% | +0.60% | — |
| Shivshakti Securitisation Trust | Others | 1.00% | ₹45.67 Cr | +0.79% | +0.60% | — |
| Embassy Office Parks REIT | Construction | 0.87% | ₹39.83 Cr | +0.69% | +0.51% | +0.55% |
| Liquid Gold Series 14 | Others | 0.76% | ₹34.48 Cr | +0.77% | +0.73% | — |
| Sansar Trust | Others | 0.69% | ₹31.43 Cr | +0.67% | +0.60% | +0.69% |
| Aadhar Housing Finance Ltd | Financial | 0.66% | ₹30.12 Cr | +0.52% | +0.39% | +0.42% |
| Radhakrishna Securitisation Trust | Others | 0.66% | ₹30.08 Cr | +0.52% | +0.39% | — |
| Jubilant Beverages Ltd. | Consumer Staples | 0.64% | ₹28.96 Cr | +1.22% | +0.90% | +0.93% |
| Kerala State | Others | 0.55% | ₹25.10 Cr | +0.43% | +0.32% | +0.42% |
| Aditya Birla Renewables Ltd. | Energy | 0.55% | ₹25.04 Cr | +0.43% | +0.32% | +0.35% |
| Reliance Life Sciences Pvt Ltd. | Healthcare | 0.55% | ₹24.95 Cr | +0.43% | +0.96% | +1.04% |
| Punjab National Bank | Financial | 0.54% | ₹24.54 Cr | +0.81% | +1.20% | +2.00% |
| Kotak Mahindra Bank Ltd. | Financial | 0.53% | ₹24.30 Cr | +2.48% | +1.20% | +0.67% |
| Indusind Bank Ltd. | Financial | 0.53% | ₹24.14 Cr | — | — | +1.33% |
| Motilal Oswal Finevest Ltd. | Financial | 0.53% | ₹24.09 Cr | +1.20% | +1.16% | +0.33% |
| India Universal Trust AL1 | Others | 0.46% | ₹21.01 Cr | +0.41% | +0.33% | +0.42% |
| HDFC Bank Ltd. | Financial | 0.40% | ₹18.43 Cr | +1.39% | +0.32% | +1.34% |
| Shriram Finance Ltd | Financial | 0.37% | ₹16.90 Cr | +0.48% | +0.49% | +0.84% |
| Jubilant Bevco Ltd. | Consumer Staples | 0.37% | ₹16.77 Cr | +1.03% | +0.76% | +0.43% |
| Poonawalla Fincorp Ltd. | Financial | 0.23% | ₹10.48 Cr | +1.71% | +1.28% | +1.38% |
| company:6884 | Others | 0.13% | ₹6.12 Cr | — | — | +1.39% |
| Bihar State | Others | 0.10% | ₹4.77 Cr | +0.08% | +0.06% | — |
| West Bengal State | Others | 0.10% | ₹4.77 Cr | +0.08% | +0.96% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.08% | ₹3.84 Cr | +0.07% | +0.69% | — |
| company:9048 | Financial | 0.00% | ₹0.16 Cr | 0.00% | — | — |
| Nomura Fixed Income Securities Pvt. Ltd. | Financial | 0.00% | ₹0.15 Cr | +0.01% | — | — |
| company:5329 | Financial | 0.00% | ₹0.09 Cr | — | — | — |
| DBS Bank India Ltd. | Financial | -0.00% | ₹-0.00 Cr | 0.00% | — | — |
| Hongkong & Shanghai Banking Corpn. Ltd. | Financial | -0.00% | ₹-0.01 Cr | 0.00% | — | — |
| ICICI Securities Primary Dealership Ltd. | Financial | -0.00% | ₹-0.05 Cr | 0.00% | 0.00% | 0.00% |
| ICICI Bank Ltd. | Financial | -0.00% | ₹-0.21 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:11584 | 0.00% | 2.27% | +2.27% |
| Indusind Bank Ltd. | 2.58% | 0.53% | -2.05% |
| Canara Bank | 1.77% | 0.00% | -1.77% |
| Karnataka State | 1.66% | 0.00% | -1.66% |
| Bharti Telecom Ltd. | 1.28% | 0.00% | -1.28% |
| company:15565 | 0.00% | 1.28% | +1.28% |
| company:20537 | 0.00% | 1.21% | +1.21% |
| Cholamandalam Investment and Finance Company Ltd. | 0.54% | 1.64% | +1.10% |
| Punjab National Bank | 1.56% | 0.54% | -1.02% |
| Tamilnadu State | 0.11% | 1.13% | +1.02% |
| Bank Of Baroda | 2.08% | 1.08% | -1.01% |
| Indian Bank | 0.85% | 0.00% | -0.85% |
| Maharashtra State | 0.54% | 0.00% | -0.54% |
| Indian Railway Finance Corporation Ltd. | 0.54% | 0.00% | -0.54% |
| company:4975 | 0.00% | 0.54% | +0.54% |
| Jubilant Beverages Ltd. | 0.36% | 0.64% | +0.28% |
| JTPM Metal Traders Ltd. | 1.74% | 2.01% | +0.27% |
| company:6884 | 0.00% | 0.13% | +0.13% |
| HDFC Bank Ltd. | 0.52% | 0.40% | -0.11% |
| Motilal Oswal Finevest Ltd. | 0.63% | 0.53% | -0.10% |
| GOI | 3.79% | 3.86% | +0.07% |
| LIC Housing Finance Ltd. | 1.04% | 1.10% | +0.06% |
| Liquid Gold Series 14 | 0.81% | 0.76% | -0.06% |
| AU Small Finance Bank Ltd. | 2.07% | 2.12% | +0.05% |
| Sansar Trust | 0.73% | 0.69% | -0.04% |
| Punjab & Sind Bank | 1.55% | 1.59% | +0.04% |
| 360 ONE Wealth Ltd. | 1.72% | 1.75% | +0.03% |
| Small Industries Devp. Bank of India Ltd. | 1.04% | 1.07% | +0.02% |
| India Universal Trust AL1 | 0.49% | 0.46% | -0.02% |
| Reserve Bank of India | 1.05% | 1.07% | +0.02% |
| Shriram Finance Ltd | 0.16% | 0.14% | -0.02% |
| DLF Cyber City Developers Ltd. | 1.11% | 1.12% | +0.02% |
| Aditya Birla Finance Ltd. | 1.08% | 1.10% | +0.02% |
| Nexus Select Trust | 1.08% | 1.10% | +0.02% |
| Nuclear Power Corpn. Of India Ltd. | 1.09% | 1.10% | +0.02% |
| Muthoot Finance Ltd. | 0.86% | 0.88% | +0.01% |
| Kotak Mahindra Bank Ltd. | 0.52% | 0.53% | +0.01% |
| Bajaj Housing Finance Ltd. | 0.52% | 0.53% | +0.01% |
| Shivshakti Securitisation Trust | 0.99% | 1.00% | +0.01% |
| Siddhivinayak Securitisation Trust | 1.00% | 1.01% | +0.01% |
| Aadhar Housing Finance Ltd | 0.65% | 0.66% | +0.01% |
| Radhakrishna Securitisation Trust | 0.65% | 0.66% | +0.01% |
| Power Finance Corporation Ltd. | 0.54% | 0.54% | +0.01% |
| Reliance Life Sciences Pvt Ltd. | 0.54% | 0.55% | +0.01% |
| Aditya Birla Renewables Ltd. | 0.54% | 0.55% | +0.01% |
| Kerala State | 0.54% | 0.55% | +0.01% |
| Others | 0.38% | 0.39% | +0.01% |
| Jubilant Bevco Ltd. | 0.36% | 0.37% | +0.01% |
| Embassy Office Parks REIT | 0.43% | 0.44% | +0.01% |
| Piramal Finance Pvt. Ltd. | 0.43% | 0.44% | +0.01% |
| Poonawalla Fincorp Ltd. | 0.23% | 0.23% | 0.00% |
| company:9048 | 0.00% | 0.00% | 0.00% |
| National Bank For Agriculture & Rural Development | 0.22% | 0.22% | 0.00% |
| Hongkong & Shanghai Banking Corpn. Ltd. | -0.00% | -0.00% | 0.00% |
| ICICI Bank Ltd. | -0.01% | -0.00% | 0.00% |
| company:5329 | 0.00% | 0.00% | 0.00% |
| Tata Capital Housing Finance Ltd. | 0.11% | 0.11% | 0.00% |
| West Bengal State | 0.10% | 0.10% | 0.00% |
| Bihar State | 0.10% | 0.10% | 0.00% |
| Bajaj Finance Ltd. | 0.11% | 0.11% | 0.00% |
| Nomura Fixed Income Securities Pvt. Ltd. | 0.00% | 0.00% | 0.00% |
| Torrent Pharmaceuticals Ltd. | 0.08% | 0.08% | 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 | ₹5,593 Cr | 0.45% | 6.3% | 6.9% | 6.9% |
 ICICI Prudential Ultra Short to Short Term Fund | ₹21,047 Cr | 0.53% | 6.3% | 7.0% | 7.1% |
 Tata Ultra Short to Short Term Fund | ₹2,871 Cr | 0.57% | 6.3% | 6.7% | 6.7% |
 UTI Ultra Short to Short Term Fund | ₹2,680 Cr | 0.48% | 6.3% | 6.9% | 6.9% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,228 Cr | 0.36% | 6.4% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹138 Cr | 0.29% | 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 short term 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 months3.31% absolute | ₹60,000 | ₹61,986 | 3.31% | |
| 1 year5.98% annualised | ₹1,20,000 | ₹1,23,959 | 3.30% | |
| 3 years7.07% annualised | ₹3,60,000 | ₹4,02,076 | 11.69% | |
| 5 years6.33% annualised | ₹6,00,000 | ₹7,07,361 | 17.89% |
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 to Short Term Fund?
The NAV of Axis Ultra Short to Short Term Fund is ₹3,331.96 as on 24 Sep 2026.
What is the expense ratio of Axis Ultra Short to Short Term Fund?
The expense ratio of Axis Ultra Short to Short Term Fund is 0.73% per year.
What is the minimum SIP amount for Axis Ultra Short to Short Term Fund?
You can start a SIP in Axis Ultra Short to Short Term Fund with ₹3,000 a month.
What returns has Axis Ultra Short to Short Term Fund given?
Axis Ultra Short to Short Term Fund has returned 6.1% over 1 year, 6.8% over 3 years and 6.8% over 5 years (annualised).
Is there a lock-in or exit load on Axis Ultra Short to Short Term Fund?
Lock-in: None. Exit load: 0%.
How risky is Axis Ultra Short to Short Term Fund?
Axis Ultra Short to Short Term Fund is rated Moderate on the SEBI riskometer and belongs to the Low Duration category.
Which fund house manages Axis Ultra Short to Short Term Fund?
Axis Ultra Short to Short Term Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,77,445 Cr under management.