3 Year return

6.14%
Launched on August 2018 (6 years)

Investment Details

₹1000

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹5152.32 Cr.

Expense Ratio

0.32% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
2

Ratings by other agencies

4
2
0

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

AP

Aditya Pagaria

Fund Manager since Mar 2019

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 Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment

Axis Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment is an ultra-short term fund managed by Axis Mutual Fund. It invests in money market instruments such as treasury bills, commercial papers, and certificates of deposit with maturities of up to 91 days. The fund also has a dividend reinvestment option, which means that investors' dividends are reinvested in the fund. This is an open-ended fund, which provides investors with an option to buy or sell fund units at any time during trading hours. The expense ratio of Axis Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment is lower compared to its category average.

Investment Objective

The investment objective of Axis Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment is to preserve capital and generate returns by investing in money market instruments.

Key Features of The Fund

5-year return 6.13%
Expense Ratio 0.32%
Fund Manager Aditya Pagaria
Fund Size ₹5152.32 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

This fund is suitable for investors who are looking for a safe investment with the potential to generate short-term returns. The fund's investment in money market instruments makes it a relatively safe option. However, the fund is not exposed to the stock market, so it may not generate the same level of returns as equity funds. It is important to remember that all investments carry some risk, and you should always do your own research before investing. However, talk to your financial advisor and ensure that you are considering your investment objectives and risk appetite.

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 Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment?

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 Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment Jun 21 2024 is 10.0338

What is the AUM of Axis Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment?

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 Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment is 5152.32 crore.

What is the expense ratio of Axis Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment?

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 Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment is 0.32%

What are the returns of Axis Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment since inception?

The Axis Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment was launched on Aug 27 2018. The fund has delivered a CAGR of 6.51 since inception.

What is the minimum SIP amount to invest in Axis Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment?

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 Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment is 1000.

How do I invest in Axis Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment?

  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 Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment?

  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 Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment?

  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 Ultra Short Term Fund Direct Plan Daily IDCW Reinvestment?

  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.