Previously Known As : Axis Ultra Short Term Fund
Axis Ultra Short Duration Fund Datagrid
Category Ultra Short Duration Fund
BMSMONEY Rank 16
Rating
Growth Option 27-07-2026
NAV ₹15.66(R) +0.06% ₹16.76(D) +0.07%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 5.73% 6.55% 5.78% 5.58% -%
Direct 6.61% 7.44% 6.68% 6.49% -%
Benchmark
SIP (XIRR) Regular 6.04% 6.42% 6.32% 5.51% -%
Direct 6.93% 7.3% 7.21% 6.39% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
1.68 0.98 0.66 0.29% 0.06
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.44% 0.0% 0.0% 0.16 0.3%
Fund AUM As on: 30/12/2025 6505 Cr
Top Ultra Short Duration Fund
Fund Name Rank Rating
Aditya Birla Sun Life Savings Fund 1
Mirae Asset Ultra Short Duration Fund 2
Baroda BNP Paribas Ultra Short Duration Fund 3
HSBC Ultra Short Duration Fund 4
ICICI Prudential Ultra Short Term Fund 5

NAV Date: 27-07-2026

Scheme Name NAV Rupee Change Percent Change
Axis Ultra Short Duration Fund - Direct Plan - Monthly IDCW 10.02
-0.0600
-0.6000%
Axis Ultra Short Duration Fund - Direct Plan - Daily IDCW 10.03
0.0000
0.0000%
Axis Ultra Short Duration Fund - Regular Plan - Monthly IDCW 10.03
-0.0500
-0.5300%
Axis Ultra Short Duration Fund - Direct Plan - Weekly IDCW 10.05
-0.0100
-0.1000%
Axis Ultra Short Duration Fund - Regular Plan - Daily IDCW 10.07
0.0000
0.0000%
Axis Ultra Short Duration Fund - Regular Plan - Weekly IDCW 10.07
-0.0100
-0.0900%
Axis Ultra Short Duration Fund - Regular Plan Growth 15.66
0.0100
0.0600%
Axis Ultra Short Duration Fund - Regular Plan - Regular IDCW 15.66
0.0100
0.0600%
Axis Ultra Short Duration Fund - Direct Plan Growth 16.76
0.0100
0.0700%
Axis Ultra Short Duration Fund - Direct Plan - Regular IDCW 16.77
0.0100
0.0700%

Review Date: 27-07-2026

Beginning of Analysis

In the Ultra Short Duration Fund category, Axis Ultra Short Duration Fund is the 16th ranked fund. The category has total 23 funds. The 2 star rating shows a poor past performance of the Axis Ultra Short Duration Fund in Ultra Short Duration Fund. The fund has a Jensen Alpha of 0.29% which is lower than the category average of 0.45%, showing poor performance. The fund has a Sharpe Ratio of 1.68 which is lower than the category average of 1.96.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Ultra Short Duration Mutual Funds are ideal for conservative investors seeking stable returns with minimal interest rate risk. These funds invest in debt and money market instruments with a portfolio duration of 3 to 6 months, making them less sensitive to interest rate changes compared to longer-duration funds. While they offer stable returns with relatively lower risk, they may underperform in a falling interest rate environment. Investors should carefully assess their risk tolerance, investment horizon, and financial goals before investing in these funds. Additionally, choosing funds managed by experienced professionals can help optimize risk-adjusted returns.

Axis Ultra Short Duration Fund Return Analysis

  • The fund has given a return of 0.52%, 1.73 and 3.53 in last one, three and six months respectively. In the same period the category average return was 0.49%, 1.71% and 3.49% respectively.
  • Axis Ultra Short Duration Fund has given a return of 6.61% in last one year. In the same period the Ultra Short Duration Fund category average return was 6.45%.
  • The fund has given a return of 7.44% in last three years and ranked 4.0th out of twenty three funds in the category. In the same period the Ultra Short Duration Fund category average return was 7.24%.
  • The fund has given a return of 6.68% in last five years and ranked 4th out of twenty two funds in the category. In the same period the Ultra Short Duration Fund category average return was 6.48%.
  • The fund has given a SIP return of 6.93% in last one year whereas category average SIP return is 6.78%. The fund one year return rank in the category is 6th in 23 funds
  • The fund has SIP return of 7.3% in last three years and ranks 4th in 22 funds. Nippon India Ultra Short Duration Fund has given the highest SIP return (7.46%) in the category in last three years.
  • The fund has SIP return of 7.21% in last five years whereas category average SIP return is 7.0%.

Axis Ultra Short Duration Fund Risk Analysis

  • The fund has a standard deviation of 0.44 and semi deviation of 0.3. The category average standard deviation is 0.43 and semi deviation is 0.29.
  • The fund has a beta of 0.11 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Ultra Short Duration Fund Category
  • Good Performance in Ultra Short Duration Fund Category
  • Poor Performance in Ultra Short Duration Fund Category
  • Very Poor Performance in Ultra Short Duration Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.45
    0.45
    		0.38 | 0.49 12 | 23 Good
    3M Return % 1.51
    1.57
    		1.35 | 1.73 19 | 23 Poor
    6M Return % 3.10
    3.22
    		2.84 | 3.45 20 | 23 Poor
    1Y Return % 5.73
    5.87
    		5.10 | 6.31 17 | 23 Average
    3Y Return % 6.55
    6.68
    		5.69 | 7.25 16 | 23 Average
    5Y Return % 5.78
    5.96
    		4.99 | 6.49 16 | 22 Average
    7Y Return % 5.58
    5.70
    		4.72 | 6.41 11 | 17 Average
    1Y SIP Return % 6.04
    6.21
    		5.45 | 6.67 19 | 23 Poor
    3Y SIP Return % 6.42
    6.54
    		5.54 | 7.08 16 | 23 Average
    5Y SIP Return % 6.32
    6.47
    		5.47 | 6.99 16 | 22 Average
    7Y SIP Return % 5.51
    5.68
    		4.69 | 6.22 11 | 17 Average
    Standard Deviation 0.44
    0.43
    		0.31 | 0.50 15 | 23 Average
    Semi Deviation 0.30
    0.29
    		0.22 | 0.35 18 | 23 Average
    Sharpe Ratio 1.68
    1.96
    		-0.27 | 2.91 16 | 23 Average
    Sterling Ratio 0.66
    0.67
    		0.57 | 0.73 16 | 23 Average
    Sortino Ratio 0.98
    1.31
    		-0.10 | 2.22 16 | 23 Average
    Jensen Alpha % 0.29
    0.45
    		-0.34 | 0.93 16 | 23 Average
    Treynor Ratio 0.06
    0.07
    		0.01 | 0.10 17 | 23 Average
    Modigliani Square Measure % 1.40
    1.63
    		-0.22 | 2.41 16 | 23 Average
    Alpha % -1.60
    -1.43
    		-2.34 | -0.84 16 | 23 Average
    Return data last Updated On : July 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.52 0.49 0.45 | 0.52 1 | 24 Very Good
    3M Return % 1.73 1.71 1.59 | 1.81 10 | 24 Good
    6M Return % 3.53 3.49 3.31 | 3.70 8 | 24 Good
    1Y Return % 6.61 6.45 6.18 | 6.83 3 | 24 Very Good
    3Y Return % 7.44 7.24 6.49 | 7.58 4 | 23 Very Good
    5Y Return % 6.68 6.48 5.70 | 7.10 4 | 22 Very Good
    7Y Return % 6.49 6.22 5.29 | 6.73 5 | 17 Very Good
    1Y SIP Return % 6.93 6.78 6.39 | 7.19 6 | 23 Very Good
    3Y SIP Return % 7.30 7.11 6.39 | 7.46 4 | 22 Very Good
    5Y SIP Return % 7.21 7.00 6.24 | 7.37 4 | 21 Very Good
    7Y SIP Return % 6.39 6.20 5.39 | 6.88 5 | 17 Very Good
    Standard Deviation 0.44 0.43 0.31 | 0.50 15 | 23 Average
    Semi Deviation 0.30 0.29 0.22 | 0.35 18 | 23 Average
    Sharpe Ratio 1.68 1.96 -0.27 | 2.91 16 | 23 Average
    Sterling Ratio 0.66 0.67 0.57 | 0.73 16 | 23 Average
    Sortino Ratio 0.98 1.31 -0.10 | 2.22 16 | 23 Average
    Jensen Alpha % 0.29 0.45 -0.34 | 0.93 16 | 23 Average
    Treynor Ratio 0.06 0.07 0.01 | 0.10 17 | 23 Average
    Modigliani Square Measure % 1.40 1.63 -0.22 | 2.41 16 | 23 Average
    Alpha % -1.60 -1.43 -2.34 | -0.84 16 | 23 Average
    Return data last Updated On : July 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Axis Ultra Short Duration Fund NAV Regular Growth Axis Ultra Short Duration Fund NAV Direct Growth
    27-07-2026 15.6617 16.7639
    24-07-2026 15.6522 16.7525
    23-07-2026 15.6494 16.7491
    22-07-2026 15.6457 16.7447
    21-07-2026 15.6451 16.7436
    20-07-2026 15.6388 16.7365
    17-07-2026 15.6356 16.7318
    16-07-2026 15.6282 16.7234
    15-07-2026 15.622 16.7165
    14-07-2026 15.6189 16.7128
    13-07-2026 15.6275 16.7215
    10-07-2026 15.6221 16.7145
    09-07-2026 15.6183 16.71
    08-07-2026 15.6122 16.7031
    07-07-2026 15.6199 16.7109
    06-07-2026 15.6267 16.7178
    03-07-2026 15.6231 16.7127
    02-07-2026 15.619 16.708
    01-07-2026 15.6109 16.6989
    30-06-2026 15.6002 16.6871
    29-06-2026 15.5916 16.6775

    Fund Launch Date: 27/Aug/2018
    Fund Category: Ultra Short Duration Fund
    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.
    Fund Description: An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months
    Fund Benchmark: CRISIL Ultra Short Term Debt Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.