Axis Ultra Short Duration Fund
The Scheme seeks 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.
Growthvine rating: 2/5 — ranked #16 of 31 in category.
Fund basics
| Category | Debt: Ultra Short Duration |
|---|---|
| NAV | ₹15.72 (as of 2026-08-21) |
| AUM | ₹5,908 Cr |
| Expense ratio | 1.06% |
| Riskometer | Moderate |
| Fund manager | Hardik Shah |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 5.79% |
|---|---|
| Sharpe ratio | 1.48 |
| Standard deviation | 0.42% |
| Max drawdown | -0.84% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 85.4% of NIFTY Ultra Short Duration Debt Index's upside and — of its downside.
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 3.7% | Q4 (Bottom) | #26 of 30 |
| 2025 | 6.6% | Q3 | #16 of 25 |
| 2024 | 7.0% | Q3 | #14 of 24 |
| 2023 | 6.5% | Q3 | #15 of 24 |
| 2022 | 4.2% | Q3 | #16 of 23 |