Axis Ultra Short Term Fund

Mutual fund

Direct · Growth

· AMFI 144754

₹17.08

+6.7%over 1 year

Price of one unit (NAV) on 11 November 2026

Past prices are not a forecast of anything.

Ask about this fund

Overview

Kind of fund: Ultra Short Duration
Yearly fee: 0.36%; Since 30 September 2026
Fund size: ₹4,996 crore
Started: 10 September 2018
Exit load: None
Compared against: NIFTY Ultra Short Duration Debt Index A-I
Plan: Direct · Growth
Holds: 95 lines, no company shares; 95 lines in all
Holdings as at: 29 September 2026

What does it hold?

Bonds and money market 99.4% · cash 0.6% · holdings as at 29 September 2026

1
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 28JAN27
5.9%
2
HDFC Bank Ltd (15-Jan-2027)
5.4%
3
PUNJAB NATIONAL BANK CD 09FEB27
5.4%
4
CANARA BANK CD 28JAN27
4.4%
5
MINDSPACE BUSINESS PARKS REIT SR NCD7 8.03 NCD 10DC26 FVRS1LAC
4.0%
6
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 14JAN27
3.9%
7
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 02MAR27
2.9%
8
IDBI Bank Ltd CD
2.9%
9
IndusInd Bank Limited (09/03/2027) **
2.4%
10
JTPM METAL TRADERS LIMITED NCD 30AP30 FVRS1LAC
2.4%

Show all 95

11
182 Days Tbill (MD 17/12/2026)
2.2%
12
LIC HOUSING FINANCE LTD 328D CP 11FEB27
2.0%
13
MUTHOOT FINANCE LIMITED STRPP 2B 8.65 NCD 23SP27 FVRS1LAC
2.0%
14
VEDANTA LIMITED SR 1 9.40 NCD 20FB27 FVRS1LAC
2.0%
15
PIRAMAL FINANCE LIMITED 9 NCD 28JU27 FVRS1LAC
2.0%
16
NARAYANA HRUDAYALAYA LIMITED 8.25 NCD 19MR29 FVRS1LAC
2.0%
17
INDUSIND BANK LTD. CD 27JAN27
2.0%
18
HDFC BANK LIMITED CD 12MAR27
1.9%
19
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 653 7.38 NCD 28MY27 FVRS1LAC
1.8%
20
CANARA BANK CD 02FEB27
1.5%
21
Small Industries Dev Bank of India (04/02/2027) **
1.5%
22
PUNJAB NATIONAL BANK CD 04MAR27
1.5%
23
National Bank For Agriculture and Rural Development (17/03/2027) ** #
1.5%
24
ADITYA BIRLA HOUSING FINANCE LIMITED SR K2 7.8989 NCD 08JU27 FVRS1LAC
1.2%
25
IKF FINANCE LIMITED 9 NCD 12SP28 FVRS1LAC
1.2%
26
Liquid Gold Series (20/11/2028) **
1.2%
27
SK FINANCE LIMITED 9.25 NCD 24OT27 FVRS1LAC
1.1%
28
360 ONE PRIME LIMITED RR NCD 25JL28 FVRS1LAC
1.0%
29
ADITYA BIRLA HOUSING FINANCE LIMITED SR D1 8.03 NCD 15MR27 FVRS1LAC
1.0%
30
PIRAMAL FINANCE LIMITED 8.75 NCD 29OCT27 FVRS1LAC
1.0%
31
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24E 7.80 BD 15MR27 FVRS1LAC
1.0%
32
NUVAMA WEALTH FINANCE LIMITED SR S7T501A 9 NCD 22JL27 FVRS1LAC
1.0%
33
MANKIND PHARMA LIMITED SR 3 7.97 NCD 16NV27 FVRS1LAC
1.0%
34
NUVAMA WEALTH FINANCE LIMITED SR NWFL2027NCD03 9.15 NCD 26JU28 FVRS1LAC
1.0%
35
GODREJ INDUSTRIES LIMITED 91D CP 12OCT26
1.0%
36
360 ONE PRIME LIMITED 8.75 NCD 10SP27 FVRS1LAC
1.0%
37
POONAWALLA FINCORP LIMITED SR G1 TR 1 7.55 NCD 25MR27 FVRS1LAC
1.0%
38
POONAWALLA FINCORP LIMITED SR F1 7.58 NCD 08SP28 FVRS1LAC
1.0%
39
ADITYA BIRLA HOUSING FINANCE LIMITED SR J1 6.70 NCD 22JN27 FVRS10LAC
1.0%
40
LIC HOUSING FINANCE LIMITED TR 419 OPT II 6.65 LOA 15FB27 FVRS10LAC
1.0%
41
ICICI HOME FINANCE COMPANY LIMITED 123D CP 28DEC26
1.0%
42
PUNJAB NATIONAL BANK CD 05FEB27
1.0%
43
AU SMALL FINANCE BANK LIMITED CD 18FEB27
1.0%
44
UNION BANK OF INDIA CD 03MAR27
1.0%
45
Reserve Bank of India 91-D
0.8%
46
GODREJ PROPERTIES LIMITED SR I 8.30 LOA 19MR27 FVRS1LAC
0.7%
47
TORRENT POWER LIMITED SR 7C 7.25 NCD 03MR27 FVRS10LAC
0.7%
48
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 28JAN27
0.7%
49
Others CBLO
0.7%
50
360 ONE PRIME LIMITED 8.80 NCD 22JU28 FVRS1LAC
0.6%
51
LIQUID GOLD SERIES 14 SERIES A PTC 29SEP25
0.6%
52
SANSAR JAN 2025 TRUST SERIES A1 PTC 24APR25
0.6%
53
Net Receivables
0.6%
54
SHRIRAM FINANCE LIMITED SR XIX TR8 9.10 NCD 18MR27 FVRS1LAC
0.5%
55
GODREJ FINANCE LIMITED SR A 8.75 NCD 18JN27 FVRS1LAC
0.5%
56
LIC HOUSING FINANCE LTD TR 449 7.69 NCD 11DC26 FVRS1LAC
0.5%
57
STATE DEVELOPMENT LOAN 31358 MH 09FB27 6.54 FV RS 100
0.5%
58
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 665 RR NCD 27FB29 FVRS1LAC
0.5%
59
MUTHOOT FINANCE LIMITED OP I 8.52 NCD 07AP28 FVRS1LAC
0.5%
60
PHOENIX ARC PRIVATE LIMITED SR II 8.95 NCD 23MR28 FVRS1LAC
0.5%
61
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 04DEC26
0.5%
62
PHOENIX ARC PRIVATE LIMITED SR IV 8.95 NCD 22DC28 FVRS1LAC
0.5%
63
Export Import Bank of India (14/12/2026)
0.5%
64
BANK OF BARODA CD 15DEC26
0.5%
65
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 14JAN27
0.5%
66
CANARA BANK CD 29JAN27
0.5%
67
UNION BANK OF INDIA CD 02MAR27
0.5%
68
PUNJAB & SIND BANK CD 12MAR27
0.5%
69
TORRENT POWER LIMITED SR 13 TR 13B 8.32 NCD 28FB27 FVRS1LAC
0.4%
70
Others Class A2 AIF
0.4%
71
360 ONE PRIME LIMITED 8.95 NCD 04JU27 FVRS1LAC
0.2%
72
SANSAR JUNE 2024 TRUST SERIES A1 PTC 03JUL24
0.1%
73
Uttar Pradesh State SDL 7.64 29/03/2027
0.1%
74
INDOSTAR CAPITAL FINANCE LIMITED SR XXVI TR I 9.40 NCD 18JU27 FVRS1LAC
0.1%
75
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25A 7.70 BD 30SP27 FVRS1LAC
0.1%
76
SUNDARAM HOME FINANCE LIMITED SR 349 7.27 NCD 24MY27 FVRS1LAC
0.1%
77
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25C 7.44 BD 24FB28 FVRS1LAC
0.1%
78
MUTHOOT FINANCE LIMITED OP I 7.88 NCD 22NV28 FVRS1LAC
0.0%
79
Interest Rate Swaps Pay Fix Receive Floating -DBS (11/08/2027) (FV 7500 Lacs)
0.0%
80
Interest Rate Swaps Pay Fix Receive Floating -ICICI BANK (05/08/2027) (FV 10000 Lacs)
0.0%
81
Interest Rate Swaps Pay Fix Receive Floating -NOMURA (05/08/2027) (FV 10000 Lacs)
0.0%
82
Interest Rate Swaps Pay Fix Receive Floating -HSBC BANK (24/08/2027) (FV 7500 Lacs)
0.0%
83
Interest Rate Swaps Pay Fix Receive Floating -DBS (04/06/2027) (FV 10000 Lacs)
0.0%
84
Interest Rate Swaps Pay Fix Receive Floating -IDFC BANK (05/02/2027) (FV 20000 Lacs)
0.0%
85
Interest Rate Swaps Pay Fix Receive Floating -HSBC BANK (24/03/2027) (FV 12500 Lacs)
0.0%
86
Interest Rate Swaps Pay Fix Receive Floating -ICICI BANK (02/01/2027) (FV 22500 Lacs)
0.0%
87
Interest Rate Swaps Pay Fix Receive Floating -NOMURA (05/11/2026) (FV 17500 Lacs)
0.0%
88
Interest Rate Swaps Pay Fix Receive Floating -ICISECPD (03/11/2026) (FV 10000 Lacs)
0.0%
89
Interest Rate Swaps Pay Fix Receive Floating -DBS (21/10/2026) (FV 12500 Lacs)
0.0%
90
Interest Rate Swaps Pay Fix Receive Floating -ICISECPD (17/10/2026) (FV 1000 Lacs)
0.0%
91
Interest Rate Swaps Pay Fix Receive Floating -HSBC BANK (10/10/2026) (FV 15000 Lacs)
0.0%
92
Interest Rate Swaps Pay Fix Receive Floating -IDFC BANK (08/10/2026) (FV 10000 Lacs)
-0.0%
93
Interest Rate Swaps Pay Fix Receive Floating -ICISECPD (08/10/2026) (FV 10000 Lacs)
-0.0%
94
Interest Rate Swaps Pay Floating Receive Fix -BARC (23/02/2029) (FV 4500 Lacs)
-0.0%
95
Interest Rate Swaps Pay Floating Receive Fix -BARC (20/07/2028) (FV 5000 Lacs)
-0.0%

What does it cost?

0.36% a year: ₹36 on every ₹10,000 you hold.

The middle fee for Ultra Short Duration direct plans is 0.29%.

Exit load: None

How has it done?

1 year: +6.7%
3 years, per year: +7.4%
5 years, per year: +6.9%

Worst fall so far: −0.8% (Mar 2020 to Mar 2020).

Against other Ultra Short Duration funds: out of 63 three-year stretches, it finished above the middle Ultra Short Duration fund in 63.

In Jan–Apr 2020 alone it fell 0.8%; the middle fund fell 0.9%.

Past prices are not a forecast of anything.

Events

29 September 2026New portfolio published: holdings as at 29 September 2026.
9 July 2026Fee moved between 0.36% and 0.40% a year (6 changes, 19 May – 9 Jul 2026).
16 May 2026Fee moved between 0.39% and 0.42% a year (2 changes, 15 May – 16 May 2026).
9 May 2026Fee changed from 0.49% to 0.39% a year.
8 May 2026Fee changed from 0.40% to 0.49% a year.

Show all 9

7 May 2026Fee moved between 0.36% and 0.41% a year (4 changes, 19 Jun 2025 – 7 May 2026).
10 July 2024Fee changed from 0.32% to 0.36% a year.
16 May 2024Fee moved between 0.28% and 0.33% a year (6 changes, 28 Feb – 16 May 2024).
16 February 2024Fee moved between 0.30% and 0.34% a year (6 changes, 11 Aug 2022 – 16 Feb 2024).

Sources and dates

Holdings: Groww's page for this fund, month-end 29 September 2026
Prices: AMFI via mfapi.in, to 11 November 2026
Fee: Groww, from 30 September 2026
Company sizes: SEBI's rank by full market value, 25 September 2026