Axis Ultra Short Term Fund Overview
Category Ultra Short Duration Fund
BMSMONEY Rank 11
BMSMONEY Rating
Growth Option As On: 25-04-2024
NAV ₹13.59 (R) +0.01% ₹14.28 (D) +0.01%
Returns Gro. Opt. 1Y 3Y 5Y 7Y 10Y
LumpSum Reg. P 6.69% 5.05% 5.3% -% -%
LumpSum Dir. P 7.59% 5.96% 6.24% -% -%
SIP Reg. P 6.92% 5.91% 4.59% -% -%
SIP Dir. P 7.8% 6.82% 5.5% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-4.73 -0.81 0.49 -1.36% -0.02
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.52% 0.0% 0.0% 1.05 0.38%

NAV Date: 25-04-2024

Scheme Name NAV Rupee Change Percent Change
Axis Ultra Short Term Fund - Direct Plan - Daily IDCW 10.03
0.0000
0.0000%
Axis Ultra Short Term Fund - Regular Plan - Monthly IDCW 10.04
-0.0600
-0.5600%
Axis Ultra Short Term Fund - Direct Plan - Monthly IDCW 10.05
-0.0600
-0.5900%
Axis Ultra Short Term Fund - Direct Plan - Weekly IDCW 10.05
0.0000
0.0100%
Axis Ultra Short Term Fund - Regular Plan - Daily IDCW 10.07
0.0000
0.0000%
Axis Ultra Short Term Fund - Regular Plan - Weekly IDCW 10.07
0.0000
0.0100%
Axis Ultra Short Term Fund - Regular Plan Growth 13.59
0.0000
0.0100%
Axis Ultra Short Term Fund - Regular Plan - Regular IDCW 13.59
0.0000
0.0100%
Axis Ultra Short Term Fund - Direct Plan Growth 14.28
0.0000
0.0100%
Axis Ultra Short Term Fund - Direct Plan - Regular IDCW 14.28
0.0000
0.0100%

Review Date: March 28, 2024

Performance of the Axis Ultra Short Term Fund has been analyzed on 19 performance parameters. Out of eight return parameters, the fund has zero return parameters in first quartile; whereas zero risk parameters (out of four) in first quartile. Similarly zero risk-adjusted performance parameters are in first quartile. Based on this performance Axis Ultra Short Term Fund has achieved 11th (out of 21 funds), which is average rank in the Ultra Short Duration Fund category. Essentially, among its peer group of similar types of funds, it stands in the very good position, a testament to its successful track record. The Ultra Short Duration Fund category has 21 funds.
We use a composite performance score in our ranking process that considers factors like the fund's returns, risk, and risk-adjusted performance over a period of three years. This composite performance score subsequently guides the ranking of funds within a category.

The Axis Ultra Short Term Fund has poor return performance, as all 1 year and above return parameters are below average in Ultra Short Duration Fund category. The details are provided below.'
    '
  1. 1 Month Return%: One month return shows funds performance in very short period of time, the Axis Ultra Short Term Fund has given return of 0.65% in last one month which is good as it is above average in Ultra Short Duration Fund.
  2. 3 Month Return%: Three month return shows funds performance in short period of time, the Axis Ultra Short Term Fund has given return of 1.76% in last three month which is poor as it is in the below average in Ultra Short Duration Fund.
  3. 1 Year Return%: The Axis Ultra Short Term Fund has given return of 6.81% in last one year which is poor as it is in the below average in Ultra Short Duration Fund. The one year return rank of Axis Ultra Short Term Fund is 15 in 22 funds. The investment of ₹ 10,000 in this fund would have become ₹ 10681.0 in one year.
  4. 3 Year Return%: The Axis Ultra Short Term Fund has given return of 4.96% in last three year which is poor as it is in the below average with return rank of 14 in 20 funds. in Ultra Short Duration Fund.
  5. 5 Year Return%: The Axis Ultra Short Term Fund has given return of 5.28% in last five year which is poor as it is in the below average with return rank of 8 in 16 funds. in Ultra Short Duration Fund.
  6. 1 Year SIP Return%: The Axis Ultra Short Term Fund has given return of -9.04% in last one year which is poor as it is in the below average with return rank of 15 in 22 funds. in Ultra Short Duration Fund.
  7. 3 Year SIP Return%: The Axis Ultra Short Term Fund has given return of 4.02% in last three year which is very poor as it is in the fourth quartile with rank of 15 in 20 funds. in Ultra Short Duration Fund.
  8. 5 Year SIP Return%: The Axis Ultra Short Term Fund has given return of 4.64% in last five year which is poor as it is in the below average with return rank of 11 in 16 funds. in Ultra Short Duration Fund.
    9. '
'

The Axis Ultra Short Term Fund has average risk performance, as more than 25% risk parameters are above average Ultra Short Duration Fund category. The details are provided below. '
    '
  1. Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The Axis Ultra Short Term Fund has standard deviation of 0.52 which is good as it is above average with risk rank of 5 in 14 funds. in Ultra Short Duration Fund.
  2. Semi Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. It uses only negative returns for calculation. The Axis Ultra Short Term Fund has semi deviation of 0.38 which is good as it is above average with risk rank of 6 in 14 funds. in Ultra Short Duration Fund.
  3. Max Drawdown %: It is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The Axis Ultra Short Term Fund has max drawdown of 0.0% which is good as it is above average with risk rank of 13 in 14 funds. in Ultra Short Duration Fund.
  4. Average Drawdown %: It is the average of the drawdowns over a period of time. The Axis Ultra Short Term Fund has average drawdown of 0.0% which is good as it is above average with risk rank of 13 in 14 funds. in Ultra Short Duration Fund.
    5. '
'

The Axis Ultra Short Term Fund has poor risk adjusted performance, as non of above risk adjusted paramerters are above average in Ultra Short Duration Fund category. The details are provided below. '
    '
  1. Sterling Ratio: It is a measure of risk-adjusted return. The Axis Ultra Short Term Fund has Sterling Ratio of 0.49 which is poor as it is in the below average with risk rank of 8 in 14 funds. in Ultra Short Duration Fund.
  2. Sortino Ratio: It is a measure of risk-adjusted return. The Axis Ultra Short Term Fund has Sortino Ratio of -0.81 which is poor as it is in the below average with risk rank of 9 in 14 funds. in Ultra Short Duration Fund.
  3. Jensen Alpha %: It is a measure of risk-adjusted return. The Axis Ultra Short Term Fund has Jensen Alpha of -1.36% which is poor as it is in the below average with risk rank of 10 in 14 funds. in Ultra Short Duration Fund.
  4. Treynor Ratio: It is a measure of risk-adjusted return. The Axis Ultra Short Term Fund has Treynor Ratio of -0.02 which is good as it is above average with risk rank of 6 in 14 funds. in Ultra Short Duration Fund.
  5. Modigliani Square Measure %: It is a measure of risk-adjusted return. The Axis Ultra Short Term Fund has Modigliani Square Measure of 4.75% which is poor as it is in the below average with risk rank of 8 in 14 funds. in Ultra Short Duration Fund.
  6. Alpha %: It is a measure of risk-adjusted return. The Axis Ultra Short Term Fund has Alpha of -1.01% which is good as it is above average with risk rank of 9 in 14 funds. in Ultra Short Duration Fund.
    7. '
'


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 0.66
0.67
0.53 | 0.78 14 | 22
No
No
No
3M Return % 1.78
1.79
1.47 | 2.06 14 | 22
No
No
No
6M Return % 3.48
3.50
3.00 | 3.83 14 | 22
No
No
No
1Y Return % 6.69
6.83
5.98 | 7.44 15 | 22
No
No
No
3Y Return % 5.05
5.34
4.33 | 6.68 14 | 20
No
No
No
5Y Return % 5.30
5.37
4.43 | 6.23 9 | 16
No
No
No
1Y SIP Return % 6.92
7.03
6.07 | 7.69 15 | 22
No
No
No
3Y SIP Return % 5.91
6.12
5.16 | 6.59 15 | 20
No
No
Yes
5Y SIP Return % 4.59
4.80
3.83 | 5.40 11 | 16
No
No
No
Standard Deviation 0.52
0.59
0.43 | 1.50 5 | 14
Yes
No
No
Semi Deviation 0.38
0.39
0.32 | 0.52 6 | 14
Yes
No
No
Max Drawdown % 0.00
0.00
0.00 | 0.00 13 | 14
Yes
No
Yes
Average Drawdown % 0.00
0.00
0.00 | 0.00 13 | 14
Yes
No
Yes
Sharpe Ratio -4.73
-4.38
-6.35 | -0.97 9 | 14
No
No
No
Sterling Ratio 0.49
0.51
0.42 | 0.60 8 | 14
No
No
No
Sortino Ratio -0.81
-0.78
-0.88 | -0.51 9 | 14
No
No
No
Jensen Alpha % -1.36
-0.08
-1.97 | 5.03 10 | 14
No
No
No
Treynor Ratio -0.02
-0.25
-2.90 | -0.02 6 | 14
Yes
No
No
Modigliani Square Measure % 4.75
13.60
2.41 | 124.30 8 | 14
No
No
No
Alpha % -1.01
-1.60
-12.45 | 0.33 9 | 14
Yes
No
No
Return data last Updated On : April 25, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 0.73 0.71 0.57 | 0.79 5 | 22
Yes
Yes
No
3M Return % 1.97 1.90 1.59 | 2.05 4 | 22
Yes
Yes
No
6M Return % 3.89 3.76 3.25 | 3.93 4 | 22
Yes
Yes
No
1Y Return % 7.59 7.37 6.67 | 7.69 4 | 22
Yes
Yes
No
3Y Return % 5.96 5.81 4.97 | 7.53 4 | 20
Yes
Yes
No
5Y Return % 6.24 5.86 4.86 | 6.61 3 | 16
Yes
Yes
No
1Y SIP Return % 7.80 7.57 6.72 | 7.91 4 | 22
Yes
Yes
No
3Y SIP Return % 6.82 6.59 5.78 | 7.20 4 | 20
Yes
Yes
No
5Y SIP Return % 5.50 5.29 4.38 | 6.23 5 | 16
Yes
No
No
Standard Deviation 0.52 0.59 0.43 | 1.50 5 | 14
Yes
No
No
Semi Deviation 0.38 0.39 0.32 | 0.52 6 | 14
Yes
No
No
Max Drawdown % 0.00 0.00 0.00 | 0.00 13 | 14
Yes
No
Yes
Average Drawdown % 0.00 0.00 0.00 | 0.00 13 | 14
Yes
No
Yes
Sharpe Ratio -4.73 -4.38 -6.35 | -0.97 9 | 14
No
No
No
Sterling Ratio 0.49 0.51 0.42 | 0.60 8 | 14
No
No
No
Sortino Ratio -0.81 -0.78 -0.88 | -0.51 9 | 14
No
No
No
Jensen Alpha % -1.36 -0.08 -1.97 | 5.03 10 | 14
No
No
No
Treynor Ratio -0.02 -0.25 -2.90 | -0.02 6 | 14
Yes
No
No
Modigliani Square Measure % 4.75 13.60 2.41 | 124.30 8 | 14
No
No
No
Alpha % -1.01 -1.60 -12.45 | 0.33 9 | 14
Yes
No
No
Return data last Updated On : April 25, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.01 ₹ 10001.0 0.01 ₹ 10001.0
1W 0.08 ₹ 10008.0 0.1 ₹ 10010.0
1M 0.66 ₹ 10066.0 0.73 ₹ 10073.0
3M 1.78 ₹ 10178.0 1.97 ₹ 10197.0
6M 3.48 ₹ 10348.0 3.89 ₹ 10389.0
1Y 6.69 ₹ 10669.0 7.59 ₹ 10759.0
3Y 5.05 ₹ 11592.0 5.96 ₹ 11898.0
5Y 5.3 ₹ 12949.0 6.24 ₹ 13534.0
7Y - ₹ - - ₹ -
10Y - ₹ - - ₹ -
15Y - ₹ - - ₹ -

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.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 6.9177 ₹ 12444.804 7.8011 ₹ 12500.976
3Y ₹ 36000 5.9146 ₹ 39383.064 6.8232 ₹ 39920.832
5Y ₹ 60000 4.593 ₹ 67396.86 5.4978 ₹ 68949.6
7Y ₹ 84000 - ₹ - - ₹ -
10Y ₹ 120000 - ₹ - - ₹ -
15Y ₹ 180000 - ₹ - - ₹ -


Date NAV Regular Growth NAV Direct Growth
25-04-2024 13.5925 14.2812
24-04-2024 13.5916 14.2798
23-04-2024 13.5902 14.278
22-04-2024 13.5877 14.2751
19-04-2024 13.581 14.2671
18-04-2024 13.5798 14.2655
16-04-2024 13.5752 14.2599
15-04-2024 13.5725 14.2567
12-04-2024 13.5652 14.2481
08-04-2024 13.5528 14.2337
05-04-2024 13.5451 14.2246
04-04-2024 13.5409 14.2198
03-04-2024 13.5374 14.2158
02-04-2024 13.5345 14.2124
28-03-2024 13.5172 14.1926
27-03-2024 13.5048 14.1792
26-03-2024 13.5033 14.1773
22-03-2024 13.4942 14.167
21-03-2024 13.4928 14.1651
20-03-2024 13.4895 14.1613
19-03-2024 13.487 14.1584
18-03-2024 13.4842 14.1551
15-03-2024 13.4754 14.1456
14-03-2024 13.4734 14.1432
13-03-2024 13.4721 14.1415
12-03-2024 13.469 14.138
11-03-2024 13.4666 14.1351
07-03-2024 13.4555 14.1229
06-03-2024 13.4528 14.1198
05-03-2024 13.4497 14.1162
04-03-2024 13.4462 14.1122
01-03-2024 13.4378 14.1024
29-02-2024 13.435 14.0992
28-02-2024 13.4316 14.0953
27-02-2024 13.4305 14.0938
26-02-2024 13.4275 14.0904
23-02-2024 13.4202 14.0817
22-02-2024 13.418 14.0791
21-02-2024 13.413 14.0735
20-02-2024 13.4106 14.0706
16-02-2024 13.3999 14.0582
15-02-2024 13.397 14.0549
14-02-2024 13.3937 14.051
13-02-2024 13.3915 14.0484
12-02-2024 13.3894 14.0459
09-02-2024 13.3824 14.0376
08-02-2024 13.3805 14.0353
07-02-2024 13.3774 14.0318
06-02-2024 13.3754 14.0293
05-02-2024 13.3729 14.0265
02-02-2024 13.3654 14.0176
01-02-2024 13.3623 14.0141
31-01-2024 13.3593 14.0107
30-01-2024 13.3566 14.0075
29-01-2024 13.3554 14.0059
25-01-2024 13.3459 13.9947
24-01-2024 13.3434 13.9918
23-01-2024 13.3418 13.9898
19-01-2024 13.3342 13.9806
18-01-2024 13.3321 13.9781
17-01-2024 13.3302 13.9757
16-01-2024 13.3279 13.973
15-01-2024 13.3266 13.9714
12-01-2024 13.3195 13.9629
11-01-2024 13.3175 13.9605
10-01-2024 13.3147 13.9573
09-01-2024 13.3123 13.9545
08-01-2024 13.3093 13.951
05-01-2024 13.302 13.9424
04-01-2024 13.299 13.9389
03-01-2024 13.2969 13.9364
02-01-2024 13.294 13.9331
01-01-2024 13.2926 13.9313
29-12-2023 13.2838 13.9212
28-12-2023 13.279 13.9158
27-12-2023 13.2763 13.9127
26-12-2023 13.2748 13.9108
22-12-2023 13.2641 13.8983
21-12-2023 13.2616 13.8955
20-12-2023 13.2593 13.8927
19-12-2023 13.2553 13.8882
18-12-2023 13.2526 13.8851
15-12-2023 13.2457 13.877
14-12-2023 13.2439 13.8748
13-12-2023 13.2422 13.8727
12-12-2023 13.2402 13.8703
11-12-2023 13.2394 13.8691
08-12-2023 13.2324 13.8609
07-12-2023 13.2303 13.8583
06-12-2023 13.2274 13.855
05-12-2023 13.2252 13.8524
04-12-2023 13.2224 13.8491
01-12-2023 13.2159 13.8414
30-11-2023 13.2144 13.8395
29-11-2023 13.2122 13.8369
28-11-2023 13.2106 13.8349
24-11-2023 13.2012 13.8239
23-11-2023 13.1992 13.8215
22-11-2023 13.1971 13.8189
21-11-2023 13.1949 13.8164
20-11-2023 13.1934 13.8145
17-11-2023 13.1869 13.8067
16-11-2023 13.1848 13.8042
15-11-2023 13.1828 13.8018
13-11-2023 13.1781 13.7962
10-11-2023 13.1709 13.7878
09-11-2023 13.1692 13.7857
08-11-2023 13.1671 13.7831
07-11-2023 13.1645 13.7801
06-11-2023 13.1619 13.7771
03-11-2023 13.1545 13.7684
02-11-2023 13.1516 13.765
01-11-2023 13.1487 13.7616
31-10-2023 13.146 13.7585
30-10-2023 13.1438 13.7559
27-10-2023 13.1383 13.7491
26-10-2023 13.1358 13.7461
25-10-2023 13.1339 13.7438
23-10-2023 13.1296 13.7387
20-10-2023 13.1229 13.7306
19-10-2023 13.1213 13.7287
18-10-2023 13.12 13.7269
17-10-2023 13.1174 13.7239
16-10-2023 13.1151 13.7212
13-10-2023 13.1089 13.7137
12-10-2023 13.1068 13.7112
11-10-2023 13.1047 13.7086
10-10-2023 13.1023 13.7058
09-10-2023 13.1004 13.7035
06-10-2023 13.0945 13.6963
05-10-2023 13.0947 13.6962
04-10-2023 13.0922 13.6933
03-10-2023 13.0894 13.69
29-09-2023 13.0801 13.6789
27-09-2023 13.0755 13.6735
26-09-2023 13.0727 13.6702
25-09-2023 13.0715 13.6687
22-09-2023 13.0651 13.661
21-09-2023 13.0627 13.6581
20-09-2023 13.061 13.656
18-09-2023 13.0564 13.6505
15-09-2023 13.0505 13.6434
14-09-2023 13.0489 13.6414
13-09-2023 13.0463 13.6383
12-09-2023 13.0443 13.636
11-09-2023 13.0427 13.6339
08-09-2023 13.0368 13.6268
07-09-2023 13.0342 13.6237
06-09-2023 13.032 13.6211
05-09-2023 13.0302 13.6188
04-09-2023 13.0279 13.6162
01-09-2023 13.0212 13.6081
31-08-2023 13.0184 13.6049
30-08-2023 13.0161 13.6022
29-08-2023 13.0137 13.5993
28-08-2023 13.0113 13.5965
25-08-2023 13.0043 13.5882
24-08-2023 13.0021 13.5856
23-08-2023 12.9995 13.5825
22-08-2023 12.9969 13.5795
21-08-2023 12.9943 13.5764
18-08-2023 12.9874 13.5682
17-08-2023 12.9855 13.5659
14-08-2023 12.9808 13.56
11-08-2023 12.9747 13.5527
10-08-2023 12.9737 13.5514
09-08-2023 12.9722 13.5494
08-08-2023 12.9697 13.5465
07-08-2023 12.9684 13.5448
04-08-2023 12.9621 13.5372
03-08-2023 12.9602 13.5349
02-08-2023 12.9586 13.5329
01-08-2023 12.9566 13.5305
31-07-2023 12.954 13.5275
28-07-2023 12.9476 13.5198
27-07-2023 12.9463 13.5182
26-07-2023 12.9444 13.5158
25-07-2023 12.9421 13.5131
24-07-2023 12.94 13.5106
21-07-2023 12.9337 13.503
20-07-2023 12.9313 13.5002
19-07-2023 12.9291 13.4976
18-07-2023 12.9274 13.4954
17-07-2023 12.9244 13.492
14-07-2023 12.9183 13.4846
13-07-2023 12.9154 13.4813
12-07-2023 12.9122 13.4777
11-07-2023 12.9096 13.4746
10-07-2023 12.9067 13.4713
07-07-2023 12.901 13.4643
06-07-2023 12.8989 13.4618
05-07-2023 12.8968 13.4593
04-07-2023 12.8944 13.4565
03-07-2023 12.8905 13.4521
30-06-2023 12.8833 13.4436
28-06-2023 12.8788 13.4383
27-06-2023 12.876 13.435
26-06-2023 12.8747 13.4333
23-06-2023 12.8689 13.4263
22-06-2023 12.8676 13.4246
21-06-2023 12.8651 13.4217
20-06-2023 12.8629 13.419
19-06-2023 12.8605 13.4162
16-06-2023 12.8536 13.4081
15-06-2023 12.8509 13.4049
14-06-2023 12.849 13.4026
13-06-2023 12.8461 13.3993
12-06-2023 12.8434 13.3962
09-06-2023 12.8374 13.3889
08-06-2023 12.8369 13.3881
07-06-2023 12.8361 13.3869
06-06-2023 12.8335 13.3839
05-06-2023 12.8312 13.3811
02-06-2023 12.8245 13.3732
01-06-2023 12.8214 13.3696
31-05-2023 12.818 13.3657
30-05-2023 12.8161 13.3634
29-05-2023 12.8135 13.3604
26-05-2023 12.8083 13.354
25-05-2023 12.8065 13.3518
24-05-2023 12.8043 13.3493
23-05-2023 12.8029 13.3475
22-05-2023 12.8019 13.3461
19-05-2023 12.7915 13.3343
18-05-2023 12.789 13.3314
17-05-2023 12.7854 13.3273
16-05-2023 12.7823 13.3237
15-05-2023 12.7785 13.3194
12-05-2023 12.7715 13.3111
11-05-2023 12.7693 13.3086
10-05-2023 12.7678 13.3066
09-05-2023 12.7656 13.304
08-05-2023 12.7635 13.3016
04-05-2023 12.7543 13.2906
03-05-2023 12.752 13.288
02-05-2023 12.7492 13.2847
28-04-2023 12.7419 13.2758
27-04-2023 12.7401 13.2737
26-04-2023 12.7388 13.272
25-04-2023 12.7365 13.2692

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.