Axis Ultra Short to Short Term Fund

Regular Plan · Growth Option · Ultra Short Duration · Scheme code 112214

NAV₹3,331.0283as on 25 Sep 2026

Fund houseAxis Mutual Fund

CategoryUltra Short Duration

Plan & optionRegular · Growth Option

History16.9 years

Returns (%)

	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	Launch
This scheme	0.37	1.58	3.15	6.06	7.08	6.32	6.26	6.65	7.36
Ultra Short Duration category median	—	—	—	5.97	6.78	6.11	—	6.40	—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

	Volatility	Sharpe	Sortino	Beta	Alpha	Max fall	R²
This scheme	0.6%	0.95	2.36	—	—	-1.5%	—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the — months this scheme and its benchmark share.

Growth of ₹100 since launch

Drawdown from peak (%)

Every one-year period it has lived through

Windows	Worst	Median	Best	Periods that lost money
771	3.2%	7.7%	10.0%	0%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

Axis Ultra Short to Short Term Fund

Regular Plan · Growth Option

Allocation

By asset

Debt	93.62%
Cash & Equivalents	4.01%
REITs / InvITs	1.98%
AIF Units	0.39%

By market cap

Unclassified	193.72%

Concentration

Number of stocks	99
Top 5 stocks	19.29%
Top 10 stocks	30.17%
Top 20 stocks	47.06%
Lines in the filing	113

Largest holding	4.38%
Largest sector	CRISIL AAA 25.74%
Effective stocks	59.3
Sectors held	16
Cash	4.01%

Effective stocks is what the concentration works out to: a fund holding 99 names but most of its money in a few behaves like a fund of 59. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

CRISIL AAA	25.74%
CARE A1+	14.12%
Sovereign	12.84%
CRISIL A1+	12.80%
CRISIL AAA(SO)	6.22%
ICRA AAA	4.08%
ICRA AA	4.03%
Cash & Equivalents	4.01%
CRISIL AA	3.57%
CRISIL AA+	3.16%
ICRA AA+	2.69%
CARE AA+	2.20%
ICRA A1+	2.02%
IND A1+	1.06%
CARE AAA	0.55%
IND AAA(SO)	0.52%
Unclassified	0.39%

Axis Ultra Short to Short Term Fund

Regular Plan · Growth Option · holdings

Top 30 holdings

#	Company	Sector	Shares held	Value ₹ cr	% of fund
1	7.62% National Bank For Agriculture and Rural Development (31/01/2028)	CRISIL AAA	20,000	200	4.38%
2	6.64% Tamilnadu State Development Loans (11/03/2029)	Sovereign	18,500,000	184	4.03%
3	4.04% Government of India (04/10/2028)	Sovereign	17,425,000	176	3.86%
4	7.44% National Bank For Agriculture and Rural Development (24/02/2028)	CRISIL AAA	17,500	174	3.83%
5	Small Industries Dev Bank of India (18/02/2027)	CARE A1+	3,000	145	3.19%
6	7.96% Pipeline Infrastructure Private Limited (11/03/2027)	CRISIL AAA	10,300	103	2.27%
7	9% Piramal Finance Limited (28/06/2027)	CARE AA+	10,000	100	2.20%
8	Bajaj Financial Securities Limited (10/12/2026)	CRISIL A1+	2,000	98	2.15%
9	Bank of Baroda (05/02/2027)	CARE A1+	2,000	97	2.13%
10	Bank of Baroda (04/02/2027)	CARE A1+	2,000	97	2.13%
11	AU Small Finance Bank Limited (09/03/2027)	CRISIL A1+	2,000	96	2.12%
12	Clearing Corporation of India Ltd	Unclassified	—	96	2.11%
13	Small Industries Dev Bank of India (20/08/2027)	CARE A1+	2,000	93	2.05%
14	JTPM Metal Traders Limited (29/09/2028) (ZCB)	CRISIL AA	8,500	92	2.01%
15	Net Receivables / (Payables)	Unclassified	—	87	1.90%
16	8.8% 360 One Prime Limited (22/06/2028)	ICRA AA	8,000	80	1.75%
17	Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN)	ICRA AA+	7,500	75	1.64%
18	Punjab & Sind Bank (24/02/2027)	ICRA A1+	1,500	73	1.59%
19	HDFC Bank Limited (05/03/2027)	CRISIL A1+	1,500	73	1.59%
20	7.9% LIC Housing Finance Limited (23/06/2027)	CRISIL AAA	700	70	1.54%
21	182 Days Tbill (MD 03/09/2026)	Sovereign	6,000,000	60	1.32%
22	HSBC InvestDirect Financial Services (India) Limited (20/01/2027)	CRISIL A1+	1,200	58	1.28%
23	Liquid Gold Series (20/11/2028)	CRISIL AAA(SO)	112	55	1.21%
24	8.36% Tamil Nadu State Development Loans (12/12/2028)	Sovereign	5,000,000	51	1.13%
25	8.4% DLF Cyber City Developers Limited (18/06/2027)	ICRA AAA	5,100	51	1.12%
26	8.46% Aditya Birla Capital Limited (26/02/2027) (FRN)	ICRA AAA	5,000	50	1.10%
27	7.7% Nuclear Power Corporation Of India Limited (21/03/2038)	ICRA AAA	5,000	50	1.10%
28	7.95% LIC Housing Finance Limited (29/01/2028)	CRISIL AAA	500	50	1.10%
29	7.79% Small Industries Dev Bank of India (19/04/2027)	CRISIL AAA	5,000	50	1.10%
30	7.7165% Nexus Select Trust - REIT (14/06/2028)	CRISIL AAA	5,000	50	1.10%

Axis Ultra Short to Short Term Fund

Regular Plan · Growth Option · where the money sits

What the manager did last month

Between the filings of 31 May 2026 and 31 Jul 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

Bought	Sold	New positions	Sold out of	Price move of holdings
₹243 cr	₹1,204 cr	36	41	+0.01%

Stock	Shares traded	Shares	Price	Value ₹ cr
New position
IndusInd Bank Limited (09/03/2027)	2,500	entered	—	120
Bank of Baroda (05/02/2027)	2,000	entered	—	96.6
HDFC Bank Limited (12/03/2027)	2,000	entered	—	95.9
AU Small Finance Bank Limited (09/03/2027)	2,000	entered	—	95.8
Indian Bank (24/06/2027)	2,000	entered	—	94.0
HDFC Bank Limited (21/12/2026)	1,800	entered	—	87.7
8.06% Karnataka State Development Loans (27/03/2029)	7,500,000	entered	—	77.2
Punjab National Bank (10/02/2027)	1,500	entered	—	72.4
Added to
7.62% National Bank For Agriculture and Rural Development (31/01/2028)	7,500	+150.0%	+0.6%	75.2
7.44% National Bank For Agriculture and Rural Development (24/02/2028)	7,500	+75.0%	+0.6%	75.0
Bank of Baroda (04/02/2027)	1,000	+50.0%	+1.7%	48.3
7.88% Muthoot Finance Limited (22/11/2028)	2,500	+83.3%	+0.3%	24.7
7.10% Bajaj Housing Finance Limited (16/10/2028)	2,000	+80.0%	+1.0%	19.8
Trimmed
Punjab National Bank (05/02/2027)	5,000	-83.3%	+1.7%	241
182 Days Tbill (MD 18/09/2026)	17,500,000	-70.0%	+1.0%	174
Canara Bank (02/02/2027)	2,800	-62.2%	+1.7%	135
7.55% Poonawalla Fincorp Limited (25/03/2027)	13,000	-92.5%	+0.5%	130
National Bank For Agriculture and Rural Development (14/01/2027)	2,000	-80.0%	+1.7%	96.9
HDFC Bank Limited (15/02/2027)	1,320	-77.7%	+1.7%	63.6
Jubilant Beverages Limited (31/05/2028) (ZCB)	5,000	-76.9%	+2.3%	55.5
6.96% Power Finance Corporation Limited (02/03/2028)	5,000	-95.2%	+0.8%	49.7
Sold out of
Kotak Mahindra Bank Limited (21/12/2026)	3,000	exited	—	144
Canara Bank (28/01/2027)	3,000	exited	—	143
Small Industries Dev Bank of India (26/02/2027)	2,500	exited	—	118
7.60% Poonawalla Fincorp Limited (28/05/2027)	10,000	exited	—	99.3
182 Days Tbill (MD 10/09/2026)	10,000,000	exited	—	98.5
Bank of Baroda (11/01/2027)	2,000	exited	—	95.5
Canara Bank (26/02/2027)	2,000	exited	—	94.6
182 Days Tbill (MD 18/06/2026)	9,000,000	exited	—	89.8

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

A ₹10,000 monthly SIP over five years

Invested	Value	Gain	XIRR
₹600,000	₹712,965	₹112,965	6.84%

XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has been invested for a different length of time.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 26 Sep 2026.