3 Year return

5.9%
Launched on January 2013 (11 years)

Investment Details

₹100

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Moderate Risk

Your principal will be at

Moderate Risk

Scheme Information

Asset Under Management

₹7944.42 Cr.

Expense Ratio

0.34% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
4.5

Ratings by other agencies

4
4
5

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Axis Mutual Fund Managers

DS

Devang Shah

Fund Manager since Jun 2017

View Details

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹275,166.00 Cr.
No. of Schemes 248
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About Axis Short Term Direct Fund-Growth

Axis Short Term Direct Fund-Growth, a product of Axis Mutual Fund, is a Short Duration mutual fund scheme. This open-ended, short-term debt scheme primarily invests in debt and money market instruments, aiming to sustain a portfolio with a Macaulay duration of between 1 to 3 years.

Investment Objectives of the Scheme

The primary investment objective of this scheme is to generate stable returns while following a low-risk strategy. The fund maintains liquidity by constituting a portfolio primarily of debt and money market instruments. However, potential investors must be aware that, like all investment avenues, there can be no absolute assurance that the investment objective of the scheme will be realised.

Key Features of The Fund

5-year return 7.48%
Expense Ratio 0.34%
Fund Manager Devang Shah
Fund Size ₹7944.42 Cr
Risk Profile Moderate

Is This Scheme Right for Me?

The Axis Short-Term Direct Fund-Growth might be particularly appealing to those seeking alternatives to traditional bank deposits. If you're an investor looking to park your funds for 1-3 years while aiming for regular income and maintaining liquidity over the short term, this fund could be an ideal fit. It provides an avenue for investment in debt and money market instruments, often considered safer bets in the volatile world of investments. If you're uncertain whether this product aligns with your financial needs and risk level, seeking professional advice is advisable.

AMC Contact Details

Name Axis Mutual Fund
Launch Date January 2009
Addresss Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact 8108622211
Email customerservice@axismf.com
Website https://www.axismf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Axis Short Term Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Axis Short Term Fund Jun 11 2024 is 30.6455

What is the AUM of Axis Short Term Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Axis Short Term Fund is 7944.42 crore.

What is the expense ratio of Axis Short Term Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Axis Short Term Fund is 0.34%

What are the returns of Axis Short Term Fund since inception?

The Axis Short Term Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 8.13 since inception.

What is the minimum SIP amount to invest in Axis Short Term Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Axis Short Term Fund is 100.

How do I invest in Axis Short Term Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Axis Short Term Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Axis Short Term Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Axis Short Term Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.