About Axis Ultra Short Term Fund Direct - Growth
Axis Ultra Short Term Fund Direct - Growth is a Debt
mutual fund scheme from Axis Mutual Fund
. This scheme was launched on 10 Sep 2018 and is currently managed by its fund manager Aditya Pagaria
. It has an AUM of ₹3,272.74 Crores and the latest NAV decalared is ₹11.577 as on 14 Jul 2020 at 10:51 am.
Axis Ultra Short Term Fund Direct - Growth scheme return performance in last 1 year is 7.62%, is 15.64% since scheme launch. The min. SIP amount to invest in this scheme is ₹5000.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.