Axis Ultra Short to Short Term Fund
Low DurationLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹3,351.75+0.06%1 day
- Return since launch
- 7.3%
- 52-week range
- ₹3,169.72 — ₹3,349.61
- AUM
- ₹4,858 Cr
Axis Ultra Short to Short Term Fund is a Low Duration debt fund from Axis Mutual Fund with ₹4,858 Cr under management, launched in 2009. Over three years it has returned 6.6% a year, against 6.7% for its category. The expense ratio is 0.73% and the SEBI riskometer reading is Low to 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 +5.7% against +5.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.7% | +0.3 pts | 5.4% | 5.6% |
| 2Y | 6.2% | +0.3 pts | 5.9% | 6.0% |
| 3Y | 6.6% | −0.1 pts | 6.7% | 6.3% |
| 5Y | 6.7% | +0.6 pts | 6.1% | 6.5% |
| 7Y | 6.4% | +0.2 pts | 6.2% | 6.1% |
| 10Y | 6.5% | +0.3 pts | 6.2% | 6.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.1% | +0.1 pts | 1.1% | 1.1% |
| 6M | 3.0% | +0.1 pts | 2.9% | 3.0% |
| 1Y | 5.7% | +0.3 pts | 5.4% | 5.5% |
| 2Y | 6.7% | +0.3 pts | 6.4% | 6.4% |
| 3Y | 7.0% | +0.3 pts | 6.7% | 6.7% |
| 5Y | 6.4% | +0.3 pts | 6.1% | 6.1% |
| 7Y | 6.2% | 0.0 pts | 6.2% | 5.9% |
| 10Y | 6.6% | +0.4 pts | 6.2% | 6.2% |
Since launch (8 Oct 2009): 7.3%
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 5 Nov 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.
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 | — | 1.09 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.80 | 1.76 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.47 | 2.43 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.66 | 0.69 | 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 30 Sep 2026
Asset allocation
- Debt97.7%
- Other2.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| GOI | Sovereign | 3.84% | ₹175 Cr | +3.78% | +3.22% | +0.06% |
| 360 ONE Wealth Ltd. | Financial | 2.27% | ₹104 Cr | +3.44% | +3.29% | +1.20% |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 2.26% | ₹103 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | 2.18% | ₹99.59 Cr | +1.60% | +4.08% | +0.94% |
| Union Bank of India | Financial | 2.13% | ₹97.30 Cr | +2.05% | +7.98% | +2.61% |
| Standard Chartered Investment & Loan India. Ltd. | Financial | 2.13% | ₹97.06 Cr | — | — | — |
| AU Small Finance Bank Ltd. | Financial | 2.12% | ₹96.97 Cr | +2.05% | — | — |
| Bajaj Housing Finance Ltd. | Financial | 2.04% | ₹93.31 Cr | +1.55% | +2.71% | — |
| JTPM Metal Traders Ltd. | Metals & Mining | 2.01% | ₹91.73 Cr | +1.73% | +1.43% | — |
| Muthoot Finance Ltd. | Financial | 1.97% | ₹89.81 Cr | +1.73% | +1.47% | +1.35% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.82% | ₹83.00 Cr | +4.86% | +6.45% | +2.62% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.64% | ₹75.02 Cr | +0.54% | — | — |
| Punjab & Sind Bank | Financial | 1.60% | ₹72.98 Cr | +1.54% | +1.71% | — |
| LIC Housing Finance Ltd. | Financial | 1.53% | ₹70.04 Cr | +2.16% | +0.09% | +2.00% |
| Indian Bank | Financial | 1.39% | ₹63.51 Cr | — | — | +1.30% |
| Piramal Finance Ltd. | Financial | 1.32% | ₹60.19 Cr | — | +0.09% | — |
| Liquid Gold Series | Financial | 1.19% | ₹54.30 Cr | — | — | — |
| Tata Capital Housing Finance Ltd. | Financial | 1.19% | ₹54.29 Cr | +2.14% | +1.82% | +0.67% |
| DLF Cyber City Developers Ltd. | Construction | 1.12% | ₹51.19 Cr | +1.10% | +0.94% | +0.70% |
| Tamilnadu State | Others | 1.12% | ₹51.16 Cr | +0.11% | +0.09% | +1.00% |
| Nuclear Power Corpn. Of India Ltd. | Energy | 1.10% | ₹50.05 Cr | +1.09% | — | — |
| Aditya Birla Finance Ltd. | Financial | 1.09% | ₹49.94 Cr | +1.08% | +0.92% | +0.67% |
| National Bank For Agriculture & Rural Development | Financial | 1.09% | ₹49.93 Cr | +0.43% | +0.73% | +1.21% |
| Nexus Select Trust | Construction | 1.09% | ₹49.84 Cr | +1.08% | +0.92% | +2.00% |
| HSBC InvestDirect Financial Services India Ltd. | Financial | 1.07% | ₹48.86 Cr | — | — | — |
| Punjab National Bank | Financial | 1.06% | ₹48.52 Cr | +1.03% | +0.89% | +1.94% |
| Export-Import Bank Of India | Financial | 1.06% | ₹48.52 Cr | — | — | +2.26% |
| Siddhivinayak Securitisation Trust | Others | 0.98% | ₹44.91 Cr | +1.00% | +0.85% | +0.63% |
| Shivshakti Securitisation Trust | Others | 0.98% | ₹44.86 Cr | +0.99% | +0.85% | +0.63% |
| Embassy Office Parks REIT | Construction | 0.87% | ₹39.80 Cr | +0.86% | +0.73% | +0.53% |
| Canara Bank | Financial | 0.86% | ₹39.14 Cr | +2.07% | +7.35% | +1.30% |
| Liquid Gold Series 14 | Others | 0.71% | ₹32.21 Cr | +0.89% | +0.95% | +1.33% |
| Others | Others | 0.68% | ₹31.05 Cr | +0.75% | +0.63% | +0.44% |
| Aadhar Housing Finance Ltd | Financial | 0.66% | ₹30.14 Cr | +0.65% | +0.55% | +0.41% |
| Radhakrishna Securitisation Trust | Others | 0.65% | ₹29.55 Cr | +0.65% | +0.56% | +0.42% |
| Jubilant Beverages Ltd. | Consumer Staples | 0.64% | ₹29.12 Cr | +0.36% | +1.29% | +0.90% |
| Sansar Trust | Others | 0.64% | ₹28.99 Cr | +0.78% | +0.81% | +0.67% |
| Kerala State | Others | 0.55% | ₹25.07 Cr | +0.54% | +0.46% | +0.40% |
| Aditya Birla Renewables Ltd. | Energy | 0.55% | ₹25.00 Cr | +0.54% | +0.46% | +0.34% |
| Reliance Life Sciences Pvt Ltd. | Healthcare | 0.55% | ₹24.91 Cr | +0.54% | +1.37% | +1.00% |
| Kotak Mahindra Bank Ltd. | Financial | 0.54% | ₹24.44 Cr | +2.61% | — | +0.98% |
| Indusind Bank Ltd. | Financial | 0.53% | ₹24.24 Cr | +2.56% | — | +1.29% |
| Piramal Finance Pvt. Ltd. | Financial | 0.44% | ₹20.02 Cr | +0.43% | +0.82% | +1.67% |
| India Universal Trust AL1 | Others | 0.41% | ₹18.74 Cr | +0.50% | +0.46% | +0.40% |
| HDFC Bank Ltd. | Financial | 0.41% | ₹18.53 Cr | +1.54% | +4.05% | +1.30% |
| Jubilant Bevco Ltd. | Consumer Staples | 0.37% | ₹16.87 Cr | +0.12% | +1.09% | +0.42% |
| Shriram Finance Ltd | Financial | 0.35% | ₹15.92 Cr | +0.53% | +0.63% | +0.76% |
| REC Ltd. | Financial | 0.33% | ₹14.86 Cr | — | +0.46% | +0.54% |
| Bank Of Baroda | Financial | 0.32% | ₹14.56 Cr | +3.10% | +1.76% | +1.62% |
| Poonawalla Fincorp Ltd. | Financial | 0.23% | ₹10.48 Cr | +2.11% | +1.83% | +1.33% |
| Bajaj Finance Ltd. | Financial | 0.22% | ₹9.88 Cr | +1.07% | — | +1.20% |
| Rajasthan State | Others | 0.13% | ₹6.10 Cr | — | — | +1.34% |
| Reserve Bank of India | Financial | 0.11% | ₹4.96 Cr | +1.70% | +4.56% | +0.20% |
| West Bengal State | Others | 0.10% | ₹4.77 Cr | +0.10% | +0.09% | — |
| Bihar State | Others | 0.10% | ₹4.77 Cr | +0.10% | +0.09% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.08% | ₹3.83 Cr | +0.08% | +0.98% | — |
| Barclays Bank | Financial | 0.01% | ₹0.28 Cr | 0.00% | 0.00% | — |
| Nomura Fixed Income Securities Pvt. Ltd. | Financial | 0.01% | ₹0.24 Cr | — | 0.00% | — |
| DBS Bank India Ltd. | Financial | 0.00% | ₹0.20 Cr | 0.00% | 0.00% | — |
| Axis Bank Ltd. | Financial | 0.00% | ₹0.14 Cr | — | — | — |
| ICICI Bank Ltd. | Financial | 0.00% | ₹0.08 Cr | -0.01% | +0.01% | 0.00% |
| Hongkong & Shanghai Banking Corpn. Ltd. | Financial | 0.00% | ₹0.01 Cr | 0.00% | 0.00% | — |
| ICICI Securities Primary Dealership Ltd. | Financial | -0.00% | ₹-0.03 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Standard Chartered Investment & Loan India. Ltd. | 0.00% | 2.13% | +2.13% |
| Indian Bank | 0.00% | 1.39% | +1.39% |
| Piramal Finance Ltd. | 0.00% | 1.32% | +1.32% |
| Export-Import Bank Of India | 0.00% | 1.06% | +1.06% |
| Union Bank of India | 0.00% | 1.06% | +1.06% |
| Reserve Bank of India | 1.07% | 0.11% | -0.97% |
| Canara Bank | 0.00% | 0.86% | +0.86% |
| Small Industries Devp. Bank of India Ltd. | 1.07% | 0.21% | -0.86% |
| Bank Of Baroda | 1.08% | 0.32% | -0.76% |
| company:15551 | 0.53% | 0.00% | -0.53% |
| Punjab National Bank | 0.54% | 1.06% | +0.52% |
| National Bank For Agriculture & Rural Development | 0.22% | 0.55% | +0.33% |
| REC Ltd. | 0.54% | 0.33% | -0.22% |
| HSBC InvestDirect Financial Services India Ltd. | 1.28% | 1.07% | -0.21% |
| Sansar Trust | 0.69% | 0.64% | -0.05% |
| Liquid Gold Series 14 | 0.76% | 0.71% | -0.05% |
| India Universal Trust AL1 | 0.46% | 0.41% | -0.05% |
| Siddhivinayak Securitisation Trust | 1.01% | 0.98% | -0.02% |
| Shriram Finance Ltd | 0.14% | 0.11% | -0.02% |
| Shivshakti Securitisation Trust | 1.00% | 0.98% | -0.02% |
| Liquid Gold Series | 1.21% | 1.19% | -0.02% |
| Radhakrishna Securitisation Trust | 0.66% | 0.65% | -0.01% |
| GOI | 3.86% | 3.84% | -0.01% |
| AU Small Finance Bank Ltd. | 2.12% | 2.12% | +0.01% |
| Tamilnadu State | 1.13% | 1.12% | -0.01% |
| Punjab & Sind Bank | 1.59% | 1.60% | +0.01% |
| ICICI Bank Ltd. | -0.00% | 0.00% | +0.01% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 2.27% | 2.26% | 0.00% |
| DBS Bank India Ltd. | -0.00% | 0.00% | 0.00% |
| Nexus Select Trust | 1.10% | 1.09% | 0.00% |
| Nuclear Power Corpn. Of India Ltd. | 1.10% | 1.10% | 0.00% |
| LIC Housing Finance Ltd. | 1.10% | 1.10% | 0.00% |
| Muthoot Finance Ltd. | 0.88% | 0.87% | 0.00% |
| 360 ONE Wealth Ltd. | 1.75% | 1.74% | 0.00% |
| Jubilant Beverages Ltd. | 0.64% | 0.64% | 0.00% |
| Barclays Bank | 0.00% | 0.01% | 0.00% |
| DLF Cyber City Developers Ltd. | 1.12% | 1.12% | 0.00% |
| Bajaj Housing Finance Ltd. | 0.53% | 0.54% | 0.00% |
| Kotak Mahindra Bank Ltd. | 0.53% | 0.54% | 0.00% |
| Nomura Fixed Income Securities Pvt. Ltd. | 0.00% | 0.01% | 0.00% |
| Jubilant Bevco Ltd. | 0.37% | 0.37% | 0.00% |
| HDFC Bank Ltd. | 0.40% | 0.41% | 0.00% |
| Indusind Bank Ltd. | 0.53% | 0.53% | 0.00% |
| Reliance Life Sciences Pvt Ltd. | 0.55% | 0.55% | 0.00% |
| Aditya Birla Renewables Ltd. | 0.55% | 0.55% | 0.00% |
| Kerala State | 0.55% | 0.55% | 0.00% |
| Cholamandalam Investment and Finance Company Ltd. | 1.64% | 1.64% | 0.00% |
| Axis Bank Ltd. | 0.00% | 0.00% | 0.00% |
| Aditya Birla Finance Ltd. | 1.10% | 1.09% | 0.00% |
| Power Finance Corporation Ltd. | 0.54% | 0.54% | 0.00% |
| Others | 0.39% | 0.39% | 0.00% |
| Rajasthan State | 0.13% | 0.13% | 0.00% |
| Embassy Office Parks REIT | 0.44% | 0.44% | 0.00% |
| Tata Capital Housing Finance Ltd. | 0.11% | 0.11% | 0.00% |
| Piramal Finance Pvt. Ltd. | 0.44% | 0.44% | 0.00% |
| JTPM Metal Traders Ltd. | 2.01% | 2.01% | 0.00% |
| Torrent Pharmaceuticals Ltd. | 0.08% | 0.08% | 0.00% |
| ICICI Securities Primary Dealership Ltd. | -0.00% | -0.00% | 0.00% |
| Bajaj Finance Ltd. | 0.11% | 0.11% | 0.00% |
| Hongkong & Shanghai Banking Corpn. Ltd. | -0.00% | 0.00% | 0.00% |
| Aadhar Housing Finance Ltd | 0.66% | 0.66% | 0.00% |
| Poonawalla Fincorp Ltd. | 0.23% | 0.23% | 0.00% |
| Bihar State | 0.10% | 0.10% | 0.00% |
| West Bengal State | 0.10% | 0.10% | 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 | ₹4,924 Cr | 0.49% | 5.9% | 6.6% | 6.8% |
 ICICI Prudential Ultra Short to Short Term Fund | ₹17,294 Cr | 0.53% | 5.8% | 6.8% | 7.0% |
 Tata Ultra Short to Short Term Fund | ₹2,665 Cr | 0.57% | 5.9% | 6.5% | 6.6% |
 UTI Ultra Short to Short Term Fund | ₹2,604 Cr | 0.65% | 5.8% | 6.7% | 6.8% |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹1,942 Cr | 0.36% | 5.9% | — | — |
 Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund | ₹114 Cr | 0.32% | 5.9% | — | — |
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 months3.00% absolute | ₹60,000 | ₹61,800 | 3.00% | |
| 1 year5.69% annualised | ₹1,20,000 | ₹1,23,764 | 3.14% | |
| 3 years7.02% annualised | ₹3,60,000 | ₹4,01,758 | 11.60% | |
| 5 years6.38% annualised | ₹6,00,000 | ₹7,08,303 | 18.05% |
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 ₹3,351.75 as on 9 Nov 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 5.7% over 1 year, 6.6% over 3 years and 6.7% 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 Low to 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 ₹3,91,554 Cr under management.