Axis Ultra Short Duration Fund - Regular Plan Growth

Axis Ultra Short Duration Fund - Regular Plan Growth is a scheme launched by AXIS Mutual Fund on September 10, 2018, and falls under the Ultra Short Duration fund category. It currently manages an AUM of Rs 6,763.84 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 1.17% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  Axis Ultra Short Duration Fund - Regular Plan Growth trailing returns over different times are 6.95% (1 year), 6.69% (3 year) and 5.4% (5 year). The average annual return of this fund stands at 4.89%.