3 Year return

6.1%
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 242
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-Growth

Axis Ultra Short Term Fund Direct-Growth is an Ultra Short Duration mutual fund scheme offered by Axis Mutual Fund. This open-ended ultra-short-duration debt scheme tactically allocates its investments in specific instruments, aiming to maintain the Macaulay duration of the portfolio between a span of 3 and 6 months. The minimum lump sum investment required for this fund is INR 5000.00, and for a systematic investment plan (SIP), it is INR 1000.00. Notably, the Axis Ultra Short Term Fund Direct-Growth plan has no lock-in period, providing investors with the flexibility to withdraw their investment when needed.

Investment Objectives of the Scheme

The main investment objective of this scheme is to generate regular income and capital appreciation. It seeks to achieve this by investing in a portfolio of short-term debt and money market instruments. The instruments chosen for investment usually pose relatively lower interest rate risk, while ensuring that the Macaulay duration of the portfolio persists within a time frame of 3 to 6 months. The aim here is to provide steady returns while keeping the risk level in check.

Key Features of The Fund

5-year return 6.2%
Expense Ratio 0.32%
Fund Manager Aditya Pagaria
Fund Size ₹5152.32 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

The Axis Ultra Short-Term Fund is suitable for investors who seek to invest for a very short term. It can serve as a potential alternative to bank accounts or deposits for those looking for higher returns. This fund offers an opportunity to earn returns while keeping their principal at low to moderate risk. However, as with any investment, the level of risk is inherent and investors should fully understand their risk tolerance before investing.

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.

Planning Tool at You Fingertips Now – SIP Calculator

Estimating and comparing your returns from different mutual funds can happen within under a minute with just 3 steps: Step 1: Open Angel One's free SIP calculator. Step 2: Enter your SIP Amount, investment horizon, and expected rate of return. Step 3: Compare!

FAQs

What is today's NAV of Axis Ultra 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 Ultra Short Term Fund Jun 18 2024 is 14.4347

What is the AUM of Axis Ultra 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 Ultra Short Term Fund is 5152.32 crore.

What is the expense ratio of Axis Ultra 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 Ultra Short Term Fund is 0.32%

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

The Axis Ultra Short Term Fund was launched on Aug 27 2018. The fund has delivered a CAGR of 6.56 since inception.

What is the minimum SIP amount to invest in Axis Ultra 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 Ultra Short Term Fund is 1000.

How do I invest in Axis Ultra 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 Ultra 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 Ultra 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 Ultra 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.