GMP IPO Watch
Income/Debt Oriented Schemes - Ultra Short to Short Term Fund
Axis Ultra Short to Short Term Fund
Direct Plan · Monthly IDCW Option · Axis Mutual Fund
Risk: Low to Moderate Risk
★★★★★
Morningstar
52W Low ₹1008.97 21 May 2026
52W High ₹1019.88 24 Jun 2026
₹1012.0446
NAV as of 4 Nov 2026
+0.05% day change
Other Plans of This Fund
Direct Plan · Bonus Option
Direct Plan · Daily IDCW Option
Direct Plan · Growth Option
Direct Plan · Weekly IDCW Option
Regular Plan · Daily IDCW Option
Regular Plan · Daily IDCW Option
Regular Plan · Growth Option
Regular Plan · Growth Option
Regular Plan · Monthly IDCW Option
Regular Plan · Monthly IDCW Option
Regular Plan · Weekly IDCW Option
Regular Plan · Weekly IDCW Option
ISININF846K01EO9
Scheme Code120516
StructureOpen Ended Schemes
Fund HouseAxis Asset Management Co. Ltd.
AUM (avg. July - September 2026)₹0.2 Cr
Expense Ratio (as of 3 Nov 2026)0.37%
Min. InvestmentRetail: Rs.5,000 Institutional: Rs.1 Crore
Inception Date8 Oct 2009
BenchmarkNIFTY Low Duration Debt Index A-I
Portfolio Turnover366.84%
NFO Period08 Oct 2009 – 08 Oct 2009
Returns
1Y
+0.08%
3Y
+0.03%
5Y
+0.04%
7Y
+0.06%
10Y
+0.08%
Since Inception
+0.06%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.22% | +0.18% | 6 of 25 |
| 1M | +0.12% | +0.21% | 4 of 25 |
| 3M | +0.08% | +0.76% | 5 of 25 |
| 6M | +0.19% | +2.06% | 7 of 25 |
| YTD | +0.13% | +3.34% | 7 of 25 |
| 1Y | +0.08% | +3.93% | 7 of 23 |
| 2Y | +0.02% | +4.60% | 4 of 20 |
| 3Y | +0.03% | +4.82% | 3 of 20 |
| 5Y | +0.04% | +4.05% | 2 of 17 |
| 7Y | +0.06% | +4.18% | 3 of 17 |
| 10Y | +0.08% | +4.16% | 1 of 15 |
| INCEPTION | +0.06% | — | — |
Ranked among: Income/Debt Oriented Schemes - Ultra Short to Short Term Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | -0.02% | +2.24% | -100.00% | 53% | 21% |
| 6M | +0.03% | +2.08% | -1.71% | 57% | 23% |
| 1Y | +0.06% | +2.00% | -1.98% | 65% | 26% |
| 2Y | +0.06% | +1.03% | -0.97% | 77% | 31% |
| 3Y | +0.06% | +0.75% | -0.57% | 83% | 33% |
| 5Y | +0.07% | +0.45% | -0.31% | 93% | 37% |
| 7Y | +0.07% | +0.21% | -0.20% | 96% | 39% |
| 10Y | +0.07% | +0.13% | -0.01% | 100% | 40% |
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%
- Debt99.65%
- Cash0.29%
- Other0.06%
Market Cap Split
- Large Cap0.00%
- Mid Cap0.00%
- Small Cap0.00%
- Others100.00%
Holdings105
Top 5 Stocks0.00%
Top 10 Stocks0.00%
Top 3 Sectors0.00%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| 7.62% National Bank For Agriculture and Rural Development (31/01/2028) ** | Debt | 4.37% | -0.01% |
| 4.04% Government of India (04/10/2028) | Debt | 3.84% | -0.02% |
| HDFC Bank Limited (15/01/2027) | Money Market | 3.76% | — |
| Small Industries Dev Bank of India (18/02/2027) ** | Money Market | 3.20% | +0.01% |
| Canara Bank (26/02/2027) ** | Money Market | 2.67% | — |
| 7.96% Pipeline Infrastructure Private Limited (11/03/2027) ** | Debt | 2.26% | -0.01% |
| 7.44% National Bank For Agriculture and Rural Development (24/02/2028) | Debt | 2.18% | -1.65% |
| Bank of Baroda (04/02/2027) ** | Money Market | 2.14% | +0.01% |
| Bank of Baroda (05/02/2027) ** | Money Market | 2.14% | +0.01% |
| Standard Chartered Capital Limited (26/02/2027) ** | Money Market | 2.13% | — |
| AU Small Finance Bank Limited (09/03/2027) ** | Money Market | 2.12% | +0.00% |
| JTPM Metal Traders Limited (29/09/2028) (ZCB) ** | Debt | 2.01% | +0.00% |
| 364TB40227 | Money Market | 1.83% | — |
| 8.8% 360 One Prime Limited (22/06/2028) ** | Debt | 1.74% | -0.01% |
| CIFCL MARKET LKD 2029 | Debt | 1.64% | +0.00% |
View all 106 holdings
| Punjab & Sind Bank (24/02/2027) ** | Money Market | 1.60% | +0.01% |
| HDFC Bank Limited (05/03/2027) | Money Market | 1.60% | +0.01% |
| Canara Bank (12/03/2027) ** | Money Market | 1.60% | — |
| Punjab National Bank (04/02/2027) ** | Money Market | 1.39% | +0.86% |
| Indian Bank (05/02/2027) ** | Money Market | 1.39% | — |
| 9.15% Piramal Finance Limited (17/06/2027) ** | Debt | 1.32% | — |
| SDL TN 6.64% 2029 | Debt | 1.30% | -2.73% |
| LQS24-8.88%-20-11-28-PTC | Debt | 1.19% | -0.02% |
| 8.4% DLF Cyber City Developers Limited (18/06/2027) ** | Debt | 1.12% | +0.00% |
| 8.36% Tamil Nadu State Development Loans (12/12/2028) | Debt | 1.12% | -0.01% |
| 7.7% Nuclear Power Corporation Of India Limited (21/03/2038) ** | Debt | 1.10% | +0.00% |
| 7.95% LIC Housing Finance Limited (29/01/2028) ** | Debt | 1.10% | +0.00% |
| Muthoot Finance Limited (26/07/2029) (FRN) ** | Debt | 1.09% | +0.00% |
| 8.46% Aditya Birla Capital Limited (26/02/2027) (FRN) ** | Debt | 1.09% | -0.01% |
| 7.7165% Nexus Select Trust - REIT (14/06/2028) ** | Debt | 1.09% | -0.01% |
| 7.45% Power Finance Corporation Limited (15/07/2028) ** | Debt | 1.09% | — |
| 7.27% Tata Capital Housing Finance Limited (25/04/2028) ** | Debt | 1.08% | -0.01% |
| 7.01% National Bank For Agriculture and Rural Development (16/03/2029) ** | Debt | 1.08% | +0.00% |
| 182T210127 | Money Market | 1.08% | +0.01% |
| Small Industries Dev Bank of India (28/01/2027) ** | Money Market | 1.07% | +0.00% |
| Canara Bank (02/02/2027) ** | Money Market | 1.07% | — |
| Small Industries Dev Bank of India (04/02/2027) ** | Money Market | 1.07% | — |
| Union Bank of India (10/02/2027) | Money Market | 1.07% | — |
| HSBC InvestDirect Financial Services (India) Limited (20/01/2027) ** | Money Market | 1.07% | -0.21% |
| Bank of Baroda (08/03/2027) | Money Market | 1.06% | +0.00% |
| Punjab National Bank (12/03/2027) | Money Market | 1.06% | — |
| HDFC Bank Limited (12/03/2027) ** | Money Market | 1.06% | +0.00% |
| Union Bank of India (16/03/2027) | Money Market | 1.06% | — |
| Export Import Bank of India (12/03/2027) | Money Market | 1.06% | — |
| Small Industries Dev Bank of India (03/09/2027) | Money Market | 1.02% | — |
| SST-7.80%-28-9-30-PTC | Debt | 0.98% | -0.03% |
| SST-7.73%-28-9-29-PTC | Debt | 0.98% | -0.02% |
| 7.10% Bajaj Housing Finance Limited (16/10/2028) ** | Debt | 0.97% | +0.00% |
| 360 One Prime Limited (25/07/2028) (FRN) ** | Debt | 0.88% | +0.00% |
| 8.60% Muthoot Finance Limited (02/03/2028) ** | Debt | 0.87% | -0.01% |
| Canara Bank (28/01/2027) | Money Market | 0.86% | — |
| HDFC Bank Limited (02/03/2027) ** | Money Market | 0.85% | +0.00% |
| 6.92% DLF Cyber City Developers Limited (28/07/2028) ** | Debt | 0.75% | -0.01% |
| LGS-9.1%-20-1-28-PTC | Debt | 0.71% | -0.05% |
| 8.65% Aadhar Housing Finance Limited (20/08/2027) ** | Debt | 0.66% | +0.00% |
| RKST-7.66%-28-9-28-PTC | Debt | 0.65% | -0.01% |
| Jubilant Beverages Limited (31/05/2028) (ZCB) ** | Debt | 0.64% | +0.00% |
| SANJAN25T-8.60%-25-04-31- | Debt | 0.64% | -0.05% |
| SDL KL 6.72% 2027 | Debt | 0.55% | +0.00% |
| 7.8% National Bank For Agriculture and Rural Development (15/03/2027) | Debt | 0.55% | — |
| 7.77% Power Finance Corporation Limited (15/04/2028) ** | Debt | 0.55% | +0.00% |
| 8.60% Aditya Birla Renewables Limited (24/09/2027) ** | Debt | 0.55% | +0.00% |
| 7.80% LIC Housing Finance Limited (22/12/2027) ** | Debt | 0.55% | +0.00% |
| 7.53% National Bank For Agriculture and Rural Development (24/03/2028) | Debt | 0.55% | — |
| 7.7954% Reliance Life Sciences Private Limited (05/11/2027) ** | Debt | 0.55% | +0.00% |
| 6.73% Power Finance Corporation Limited (15/10/2027) ** | Debt | 0.54% | +0.00% |
| 7.83% Bajaj Housing Finance Limited (18/05/2029) ** | Debt | 0.54% | -0.01% |
| 7.88% Muthoot Finance Limited (22/11/2028) | Debt | 0.54% | -0.54% |
| 6.74% Small Industries Dev Bank of India (10/01/2029) ** | Debt | 0.54% | — |
| Small Industries Dev Bank of India (14/01/2027) ** | Money Market | 0.54% | -0.53% |
| Kotak Mahindra Bank Limited (04/02/2027) | Money Market | 0.54% | +0.01% |
| Bajaj Housing Finance Limited (04/02/2027) ** | Money Market | 0.54% | +0.01% |
| HDFC Bank Limited (09/03/2027) ** | Money Market | 0.53% | +0.00% |
| IndusInd Bank Limited (09/03/2027) ** | Money Market | 0.53% | +0.00% |
| 8.75% 360 One Prime Limited (10/09/2027) ** | Debt | 0.52% | -0.22% |
| 8.75% Piramal Finance Limited (29/10/2027) ** | Debt | 0.44% | +0.00% |
| 7.9% LIC Housing Finance Limited (23/06/2027) ** | Debt | 0.44% | -1.10% |
| 7.05% Embassy Office Parks REIT (18/10/2026) ** | Debt | 0.44% | +0.00% |
| 7.22% Embassy Office Parks REIT (16/05/2028) ** | Debt | 0.43% | -0.01% |
| IUTA1-8.12%-20-7-27-PTC | Debt | 0.42% | -0.10% |
| IUTAL2-8.09%-21-11-27-PTC | Debt | 0.41% | -0.05% |
| HDFC Bank Limited (15/02/2027) ** | Money Market | 0.41% | +0.01% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Debt | 0.39% | +0.00% |
| Jubilant Bevco Limited (31/05/2028) (ZCB) | Debt | 0.37% | +0.00% |
| 6.95% REC Limited (18/02/2028) ** | Debt | 0.33% | -0.54% |
| Bank of Baroda (11/03/2027) | Money Market | 0.32% | — |
| Net Receivables / (Payables) | Net Current Assets | 0.29% | — |
| SJT2024-25-6-30-PTC | Debt | 0.24% | -0.05% |
| 7.55% Poonawalla Fincorp Limited (25/03/2027) ** | Debt | 0.23% | +0.00% |
| 09.15% Shriram Finance Limited (28/06/2029) ** | Debt | 0.22% | +0.00% |
| 7.70% National Bank For Agriculture and Rural Development (30/09/2027) | Debt | 0.22% | +0.00% |
| Small Industries Dev Bank of India (25/03/2027) ** | Money Market | 0.21% | — |
| 8.28% Rajasthan State Development Loans (21/02/2028) | Debt | 0.13% | +0.00% |
| 7.85% Tamilnadu State Development Loans (15/03/2027) | Debt | 0.11% | +0.00% |
| 7.27% Tamilnadu State Development Loans (12/07/2027) | Debt | 0.11% | +0.00% |
| 7.74% LIC Housing Finance Limited (22/10/2027) ** | Debt | 0.11% | +0.00% |
| 7.90% Bajaj Finance Limited (13/04/2028) ** | Debt | 0.11% | +0.00% |
| 7.30% Tata Capital Housing Finance Limited (11/02/2028) ** | Debt | 0.11% | +0.00% |
| 7.4% Bajaj Finance Limited (12/03/2029) ** | Debt | 0.11% | +0.00% |
| STN23II-8.75%-17-3-28-PTC | Debt | 0.11% | -0.03% |
| 91TB271126 | Money Market | 0.11% | — |
| 6.88% West Bangal State Development Loans (23/11/2026) | Debt | 0.10% | +0.00% |
| 6.89% Bihar State Development Loans (23/11/2026) | Debt | 0.10% | +0.00% |
| 7.6% Torrent Pharmaceuticals Limited (19/01/2029) ** | Debt | 0.08% | +0.00% |
| 6.96% Power Finance Corporation Limited (02/03/2028) ** | Debt | 0.05% | +0.00% |
| 8.75% Shriram Finance Limited (05/10/2026) ** | Debt | 0.01% | +0.00% |
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.92 | 0.67 | High Volatility |
| 3Y | 2.16 | 0.57 | High Volatility |
| 5Y | 2.00 | 0.54 | 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 | -17.24 | -10.97 | Below Average |
| 3Y | -18.62 | -8.73 | Below Average |
| 5Y | -20.22 | -12.31 | 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 | 0.05 | 13.71 | Below Average |
| 3Y | 0.02 | 26.37 | Below Average |
| 5Y | 0.03 | 18.37 | 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 | 1.28 | 1.33 | Good Risk Adjusted Returns |
| 3Y | 1.25 | 1.35 | Good Risk Adjusted Returns |
| 5Y | 1.17 | 1.21 | Good 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 |
|---|---|---|---|---|
|
Franklin India Ultra Short to Short Term Fund
Direct Plan · Growth
|
+6.10% | — | — | +7.17% |
|
Mahindra Manulife Ultra Short to Short Term Fund
Direct Plan · Growth
|
+5.98% | +7.32% | +6.69% | +6.84% |
|
Edelweiss Ultra Short to Short Term Fund
Direct Plan · Growth
|
+5.92% | — | — | +6.68% |
|
Nippon India Ultra Short to Short Term Fund
Regular Plan · Retail Plan - Bonus Option
|
+5.84% | +6.77% | +6.10% | +5.20% |
|
UTI Ultra Short to Short Term Fund
Regular Plan · Discontinued Annual IDCW
|
+5.67% | +6.88% | +6.13% | +6.01% |
|
Canara Robeco Ultra Short to Short Term Fund
Regular Plan · GROWTH OPTION
|
+5.63% | +6.82% | +6.18% | +7.30% |
|
HSBC Ultra Short to Short Term Fund
Regular Plan · Growth
|
+5.53% | +7.24% | — | +7.20% |
|
BANDHAN ULTRA SHORT TO SHORT TERM FUND
Regular Plan · Growth
|
+5.45% | +6.73% | +6.12% | +7.21% |
|
BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUND
Defunct Plan · Growth Option
|
+5.24% | +6.45% | — | +6.09% |
|
SBI Ultra Short to Short Term Fund
Regular Plan · Growth
|
+5.18% | +6.58% | +5.99% | +7.11% |
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 is to provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity. However, there can be no assurance that the investment objective of the scheme will be achieved.
Stated Asset Allocation
Debt & Money Market Instruments - (0%-100%) .
Exit Load
Nil
Fund Managers
Mr. Devang Shah,Mr. Aditya Pagaria
Mr. Devang Shah - Comanage/Fixed Income,Mr. Aditya Pagaria - 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.