GMP IPO Watch
Debt Scheme - Ultra Short Duration Fund
Axis Ultra Short Term Fund
Regular Plan · Weekly IDCW Option · Axis Mutual Fund
Risk: Moderate Risk
52W Low ₹10.06 21 May 2026
52W High ₹10.09 10 Apr 2026
₹10.0719
NAV as of 4 Nov 2026
+0.03% day change
Other Plans of This Fund
ISININF846K01G56
Scheme Code144762
StructureOpen Ended Schemes
Fund HouseAxis Asset Management Co. Ltd.
AUM (avg. July - September 2026)₹0.41 Cr
Expense Ratio (as of 3 Nov 2026)1.24%
Min. InvestmentRs. 5,000 and in multiples of Re 1/- thereafter
Inception Date27 Aug 2018
BenchmarkNIFTY Ultra Short Duration Debt Index A-I
Portfolio Turnover401.42%
NFO Period27 Aug 2018 – 04 Sep 2018
Returns
1Y
+0.03%
3Y
-0.01%
5Y
+0.01%
7Y
+0.01%
Since Inception
+0.08%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.03% | +0.13% | 26 of 27 |
| 1M | -0.04% | +0.27% | 23 of 27 |
| 3M | +0.03% | +0.94% | 24 of 26 |
| 6M | +0.05% | +2.24% | 24 of 26 |
| YTD | -0.02% | +3.56% | 23 of 27 |
| 1Y | +0.03% | +4.24% | 24 of 26 |
| 2Y | +0.02% | +4.73% | 22 of 25 |
| 3Y | -0.01% | +4.79% | 20 of 24 |
| 5Y | +0.01% | +4.44% | 22 of 23 |
| 7Y | +0.01% | +3.92% | 17 of 19 |
| INCEPTION | +0.08% | — | — |
Ranked among: Debt Scheme - Ultra Short Duration Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +0.00% | +0.91% | -0.83% | 52% | 21% |
| 6M | +0.01% | +0.89% | -0.82% | 49% | 20% |
| 1Y | +0.02% | +0.89% | -0.71% | 62% | 25% |
| 2Y | +0.01% | +0.45% | -0.20% | 55% | 22% |
| 3Y | +0.01% | +0.31% | -0.08% | 50% | 20% |
| 5Y | +0.01% | +0.17% | -0.04% | 59% | 24% |
| 7Y | +0.02% | +0.09% | -0.03% | 83% | 33% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity0.00%
- Debt98.74%
- Cash1.26%
- Other0.00%
Market Cap Split
- Large Cap0.00%
- Mid Cap0.00%
- Small Cap0.00%
- Others100.00%
Holdings76
Top 5 Stocks0.00%
Top 10 Stocks0.00%
Top 3 Sectors0.00%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Small Industries Dev Bank of India (28/01/2027) ** | Money Market | 5.87% | +1.07% |
| HDFC Bank Limited (15/01/2027) | Money Market | 5.40% | — |
| Punjab National Bank (09/02/2027) ** | Money Market | 5.37% | — |
| Canara Bank (28/01/2027) | Money Market | 4.41% | +0.80% |
| 8.03% Mindspace Business Parks REIT (10/12/2026) ** | Debt | 4.01% | +0.71% |
| National Bank For Agriculture and Rural Development (14/01/2027) ** | Money Market | 3.93% | +0.72% |
| National Bank For Agriculture and Rural Development (02/03/2027) ** | Money Market | 2.92% | — |
| IDBI Bank Limited (11/03/2027) ** | Money Market | 2.91% | +0.53% |
| IndusInd Bank Limited (09/03/2027) ** | Money Market | 2.43% | +0.44% |
| JTPM Metal Traders Limited (29/09/2028) (ZCB) ** | Debt | 2.40% | +0.63% |
| 182T171226 | Money Market | 2.18% | -5.12% |
| 8.65% Muthoot Finance Limited (23/09/2027) ** | Debt | 2.05% | +0.37% |
| LIC Housing Finance Limited (11/02/2027) ** | Money Market | 2.05% | +0.45% |
| 9.40% Vedanta Aluminium Metal Limited (20/02/2027) | Debt | 2.01% | — |
| 9% Piramal Finance Limited (28/06/2027) | Debt | 2.01% | +0.36% |
View all 78 holdings
| 8.25% Narayana Hrudayalaya Limited (19/03/2029) ** | Debt | 2.00% | +0.35% |
| IndusInd Bank Limited (27/01/2027) ** | Money Market | 1.96% | +0.36% |
| HDFC Bank Limited (12/03/2027) ** | Money Market | 1.94% | +0.35% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (28/05/2027) ** | Debt | 1.79% | +0.32% |
| Canara Bank (02/02/2027) ** | Money Market | 1.47% | +0.27% |
| Small Industries Dev Bank of India (04/02/2027) ** | Money Market | 1.47% | -0.13% |
| Punjab National Bank (04/03/2027) ** | Money Market | 1.46% | — |
| National Bank For Agriculture and Rural Development (17/03/2027) ** | Money Market | 1.45% | — |
| 7.8989% Aditya Birla Housing Finance Limited (08/06/2027) ** | Debt | 1.20% | — |
| 9% IKF Finance Limited (12/09/2028) ** | Debt | 1.20% | +0.22% |
| LQS24-8.88%-20-11-28-PTC | Debt | 1.19% | +0.20% |
| 9.25% SK Finance Limited (24/10/2027) ** | Debt | 1.10% | +0.20% |
| 360 One Prime Limited (25/07/2028) (FRN) ** | Debt | 1.01% | +0.19% |
| 8.03% Aditya Birla Housing Finance Limited (15/03/2027) ** | Debt | 1.00% | +0.17% |
| 8.75% Piramal Finance Limited (29/10/2027) ** | Debt | 1.00% | +0.18% |
| 7.8% National Bank For Agriculture and Rural Development (15/03/2027) | Debt | 1.00% | +0.17% |
| 9% Nuvama Wealth Finance Limited (22/07/2027) ** | Debt | 1.00% | +0.18% |
| 7.97% Mankind Pharma Limited (16/11/2027) ** | Debt | 1.00% | +0.17% |
| 9.15% Nuvama Wealth Finance Limited (26/06/2028) ** | Debt | 1.00% | +0.18% |
| 8.75% 360 One Prime Limited (10/09/2027) ** | Debt | 1.00% | +0.18% |
| 7.55% Poonawalla Fincorp Limited (25/03/2027) ** | Debt | 1.00% | +0.18% |
| 7.58% Poonawalla Fincorp Limited (08/09/2028) ** | Debt | 1.00% | +0.18% |
| 6.70% Aditya Birla Housing Finance Limited (22/01/2027) ** | Debt | 1.00% | +0.18% |
| 6.65% LIC Housing Finance Limited (15/02/2027) ** | Debt | 1.00% | — |
| Godrej Industries Limited (12/10/2026) ** | Money Market | 1.00% | +0.18% |
| ICICI Home Finance Company Limited (28/12/2026) ** | Money Market | 0.99% | -1.02% |
| Punjab National Bank (05/02/2027) ** | Money Market | 0.98% | +0.18% |
| AU Small Finance Bank Limited (18/02/2027) ** | Money Market | 0.97% | +0.17% |
| Union Bank of India (03/03/2027) ** | Money Market | 0.97% | +0.17% |
| 91TB151026 | Money Market | 0.80% | +0.15% |
| 8.30% Godrej Properties Limited (19/03/2027) ** | Debt | 0.70% | +0.12% |
| 7.25% Torrent Power Limited (03/03/2027) ** | Debt | 0.70% | +0.13% |
| National Bank For Agriculture and Rural Development (28/01/2027) ** | Money Market | 0.69% | +0.13% |
| Clearing Corporation of India Ltd | Net Current Assets | 0.68% | — |
| 8.8% 360 One Prime Limited (22/06/2028) ** | Debt | 0.60% | +0.11% |
| LGS-9.1%-20-1-28-PTC | Debt | 0.58% | +0.07% |
| SANJAN25T-8.60%-25-04-31- | Debt | 0.58% | +0.06% |
| Net Receivables / (Payables) | Net Current Assets | 0.58% | — |
| 9.10% Shriram Finance Limited (18/03/2027) ** | Debt | 0.50% | +0.09% |
| 8.75% Godrej Finance Limited (18/01/2027) ** | Debt | 0.50% | +0.09% |
| 7.69% LIC Housing Finance Limited (11/12/2026) ** | Debt | 0.50% | -0.74% |
| SDL MH 6.54% 2027 | Debt | 0.50% | +0.09% |
| CIFCL MARKET LKD 2029 | Debt | 0.50% | +0.09% |
| 8.52% Muthoot Finance Limited (07/04/2028) ** | Debt | 0.50% | +0.09% |
| 8.95% Phoenix Arc Limited (23/03/2028) ** | Debt | 0.50% | +0.09% |
| 8.95% Phoenix Arc Limited (22/12/2028) ** | Debt | 0.49% | +0.08% |
| Small Industries Dev Bank of India (04/12/2026) ** | Money Market | 0.49% | +0.09% |
| Bank of Baroda (15/12/2026) ** | Money Market | 0.49% | +0.09% |
| Small Industries Dev Bank of India (14/01/2027) ** | Money Market | 0.49% | +0.09% |
| Canara Bank (29/01/2027) ** | Money Market | 0.49% | — |
| Union Bank of India (02/03/2027) ** | Money Market | 0.49% | +0.09% |
| Punjab & Sind Bank (12/03/2027) ** | Money Market | 0.49% | +0.09% |
| Export Import Bank of India (14/12/2026) ** | Money Market | 0.49% | — |
| 8.32% Torrent Power Limited (28/02/2027) ** | Debt | 0.38% | +0.07% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Debt | 0.36% | +0.06% |
| 8.95% 360 One Prime Limited (04/06/2027) ** | Debt | 0.20% | +0.04% |
| SJT2024-25-6-30-PTC | Debt | 0.11% | +0.00% |
| 7.64% Uttar Pradesh State Development Loans (29/03/2027) | Debt | 0.10% | +0.02% |
| 9.4% IndoStar Capital Finance Limited (18/06/2027) ** | Debt | 0.10% | +0.02% |
| 7.70% National Bank For Agriculture and Rural Development (30/09/2027) | Debt | 0.10% | -0.89% |
| 7.27% Sundaram Home Finance Limited (24/05/2027) ** | Debt | 0.10% | +0.02% |
| 7.44% National Bank For Agriculture and Rural Development (24/02/2028) | Debt | 0.10% | -0.88% |
| 7.88% Muthoot Finance Limited (22/11/2028) | Debt | 0.02% | +0.00% |
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.78 | 0.63 | High Volatility |
| 3Y | 0.71 | 0.55 | High Volatility |
| 5Y | 0.65 | 0.53 | High Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -36.58 | -14.14 | Below Average |
| 3Y | -22.21 | -8.30 | Below Average |
| 5Y | -23.46 | -6.32 | Below Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.04 | 27.57 | Below Average |
| 3Y | -0.01 | 53.32 | Below Average |
| 5Y | 0.01 | 39.63 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.17 | 1.23 | Good Risk Adjusted Returns |
| 3Y | 1.07 | 1.08 | Good Risk Adjusted Returns |
| 5Y | 1.09 | 1.07 | Poor Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Mirae Asset Ultra Short-Term Fund
Direct Plan · Growth
|
+6.55% | +7.35% | +6.75% | +6.20% |
|
Franklin India Ultra Short Term Fund
Direct Plan · Growth
|
+6.31% | — | — | +7.07% |
|
Baroda BNP Paribas Ultra Short Term Fund
Regular Plan · Growth Option
|
+6.24% | +6.95% | +6.51% | +6.30% |
|
HSBC Ultra Short Term Fund
Regular plan · Growth
|
+6.22% | +6.91% | +6.35% | +5.84% |
|
HDFC Ultra Short Term Fund
Direct Plan · Growth Option
|
+6.17% | +7.14% | +6.60% | +6.61% |
|
BANDHAN ULTRA SHORT TERM FUND
Regular Plan · Growth
|
+6.13% | +6.88% | +6.31% | +6.22% |
|
Aditya Birla Sun Life Ultra Short Term Fund
Regular Plan · GROWTH
|
+6.12% | +7.16% | +6.59% | +7.65% |
|
SBI ULTRA SHORT TERM FUND
Regular Plan · Growth
|
+6.10% | +6.88% | +6.31% | +7.12% |
|
Nippon India Ultra Short Term Fund
Regular Plan · Growth Option
|
+6.04% | +6.72% | +6.21% | +5.77% |
|
Invesco India Ultra Short Term Fund
Regular Plan · Growth
|
+6.01% | +6.81% | +6.13% | +6.99% |
More From Axis Asset Management Co. Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Axis Silver ETF | +26.40% | +35.94% | — | +33.11% |
|
Axis Silver Fund of Fund
Direct Plan · Growth Option
|
+25.78% | +35.80% | — | +33.62% |
|
Axis Gold Fund
Direct Plan · Growth option
|
+16.88% | +30.78% | +23.12% | +10.32% |
| Axis Gold ETF | +16.64% | +30.81% | +23.30% | +11.67% |
|
Axis NASDAQ 100 US Specific Equity Passive FOF
Direct Plan · IDCW Option
|
+15.62% | +27.97% | — | +30.61% |
| Axis NIFTY Healthcare ETF | +13.26% | +21.08% | +14.40% | +13.81% |
|
Axis Global Equity Alpha Fund of Fund
Direct Plan · Growth Option
|
+13.25% | +22.73% | +13.92% | +16.86% |
|
Axis India Manufacturing Fund
Direct Plan · IDCW Option
|
+13.04% | — | — | +18.81% |
|
Axis Global Innovation Fund of Fund
Direct Plan · IDCW Option
|
+9.94% | +22.97% | +11.52% | +12.36% |
|
Axis Innovation Fund
Direct Plan · Growth Option
|
+9.66% | +17.73% | +10.46% | +14.81% |
About This Scheme
Investment Objective
The investment objective of the Scheme is to generate regular income and capital appreciation by investing in a portfolio of short term debt and money market instruments with relatively lower interest rate risk such that Macaulay duration of the portfolio is between 3 months and 6 months.
Stated Asset Allocation
Debt and Money Market Instruments - (0%-100%)
Exit Load
Nil
Fund Managers
Mr. Sachin Jain, Mr. Hardik Shah
Mr. Sachin Jain - Comanage/Fixed Income, Mr. Hardik Shah - Comanage/Fixed Income
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Axis Asset Management Co. Ltd. website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.