Debt · Income/Debt Oriented Schemes - Ultra Short Term Fund
Axis Ultra Short Term Fund
Open in live screener →Key metrics
Latest NAV
₹16.92
Day change
0.06%
Volatility
0.5%
Sharpe
0.83
Max drawdown
-0.8%
Category rank
2 / 23
Trailing returns
| Period | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
|---|---|---|---|---|---|---|---|---|---|
| Return | 0.26% | 0.67% | 2.17% | 3.74% | 6.93% | 7.49% | 6.77% | 6.48% | – |
Returns up to 1Y are absolute; 1Y and longer are annualised (CAGR). Source: public AMFI NAV data.
NAV history
Chart shows the fund's available daily NAV history. Daily NAV data begins around 2006, so older funds may predate this range.
About this fund
Axis Ultra Short Term Fund is a debt fund offered by Axis Mutual Fund, classified under Debt as Income/Debt Oriented Schemes - Ultra Short Term Fund. Debt funds are sensitive to interest-rate moves and the credit quality of holdings. Its latest NAV is ₹16.92.
Performance analysis
Over the trailing one year, Axis Ultra Short Term Fund has recorded a return of about 6.9%, with a three-year return of 7.5% and a five-year return of 6.8%. Its annualised volatility is 0.5% — relatively low fluctuations — and its Sharpe ratio is 0.83, a measure of return per unit of risk taken.
Rolling returns
| Window | Avg | Median | Min | Max | % Pos | % >12 |
|---|---|---|---|---|---|---|
| 1Y | 6.61 | 7.12 | 3.79 | 9.18 | 100% | 0% |
| 3Y | 6.31 | 6.21 | 5.06 | 7.70 | 100% | 0% |
| 5Y | 6.31 | 6.28 | 6.09 | 6.77 | 100% | 0% |
| 7Y | 6.61 | 6.59 | 6.46 | 6.79 | 100% | 0% |
Each row takes every possible start date in the fund's history and computes the annualised return (CAGR) over that window. Avg/Median = the typical outcome; Min/Max = worst and best; % Pos = how often the window ended positive; % >12 = how often it beat 12% a year. Higher consistency means timing mattered less.
Frequently asked questions
What does Axis Ultra Short Term Fund invest in?
It invests primarily in fixed-income instruments such as bonds and money-market securities.
How is this fund classified?
It is a Income/Debt Oriented Schemes - Ultra Short Term Fund fund in the Debt group.
How often is the NAV updated?
Mutual fund NAVs are declared by the AMC on every business day. This page sources NAV from public AMFI data and refreshes twice daily.
How is the rolling return calculated?
Rolling return averages the fund's annualised return over every possible window of a given length across its history, rather than a single start-to-end period — reducing the effect of one lucky or unlucky entry date.
Is past performance a guarantee of future returns?
No. Past performance does not indicate future results; mutual fund values fluctuate with markets. Read all scheme-related documents carefully before investing.
Compare with peers
Similar Income/Debt Oriented Schemes - Ultra Short Term Fund
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| WhiteOak Capital Ultra Short Term Fund Income/Debt Oriented Schemes - Ultra Short Term Fund | 0.64 | 2.07 | 3.67 | 6.52 | 7.06 | 6.48 | – | – |
| Mahindra Manulife Ultra Short Term Fund Income/Debt Oriented Schemes - Ultra Short Term Fund | 0.64 | 2.06 | 3.74 | 6.80 | 7.34 | 6.60 | – | – |
| LIC MF Ultra Short Term Fund Income/Debt Oriented Schemes - Ultra Short Term Fund | 0.65 | 2.15 | 3.84 | 6.84 | 7.26 | 6.30 | – | – |
| HSBC Ultra Short Term Fund Income/Debt Oriented Schemes - Ultra Short Term Fund | 0.64 | 2.11 | 3.67 | 6.71 | 7.27 | 6.55 | – | – |
| Mirae Asset Ultra Short-Term Fund Income/Debt Oriented Schemes - Ultra Short Term Fund | 0.62 | 2.14 | 3.78 | 6.88 | 7.48 | 6.69 | – | – |
| ITI Ultra Short Term Fund Income/Debt Oriented Schemes - Ultra Short Term Fund | 0.58 | 1.95 | 3.55 | 6.61 | 7.12 | 6.38 | – | 0.17 |
| Sundaram Ultra Short Term Fund Income/Debt Oriented Schemes - Ultra Short Term Fund | 0.65 | 2.12 | 3.67 | 6.71 | 7.32 | – | – | – |
| Franklin India Ultra Short Term Fund Income/Debt Oriented Schemes - Ultra Short Term Fund | 0.61 | 2.04 | 3.49 | 6.69 | – | – | – | – |
More funds from Axis
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| Axis Ultra Short to Short Term Fund Income/Debt Oriented Schemes - Ultra Short to Short Term Fund | 0.56 | 2.11 | 3.44 | 6.62 | 7.50 | 6.69 | 7.07 | – |
| Axis Multi Asset Allocation Fund Hybrid Scheme - Multi Asset Allocation Fund | -0.90 | 4.72 | 2.67 | 12.19 | 14.14 | 9.62 | 11.77 | 0.70 |
| Axis Small Cap Fund Equity Scheme - Small Cap Fund | 1.78 | 10.83 | 19.75 | 12.85 | 15.84 | 16.70 | 19.55 | 0.54 |
| Axis Credit Risk Fund Income/Debt Oriented Schemes - Credit Risk Fund | 0.49 | 2.95 | 4.60 | 8.84 | 8.88 | 7.72 | 7.76 | 0.68 |
| Axis Arbitrage Fund Hybrid Scheme - Arbitrage Fund | 0.50 | 1.91 | 3.24 | 6.73 | 7.42 | 6.81 | 6.47 | 0.27 |
| Axis Equity Savings Fund Hybrid Scheme - Equity Savings Fund | -0.34 | 4.18 | 4.67 | 6.08 | 9.77 | 7.96 | 9.52 | 0.93 |
| AXIS Corporate Bond Fund Income/Debt Oriented Schemes - Corporate Bond Fund | 0.11 | 2.12 | 3.09 | 5.98 | 7.78 | 6.81 | – | 0.30 |
| Axis Balanced Advantage Fund Hybrid Scheme - Balanced Advantage Fund/ Dynamic Asset Allocation | -1.46 | 3.28 | 2.54 | 4.31 | 11.93 | 9.75 | – | 0.71 |
Returns ≥ 1Y are annualised (CAGR). TER = direct-plan base expense ratio. Click a fund to open its page.