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 ₹2,530.17 Crores and the latest NAV decalared is ₹10.997 as on 16 Oct 2019 at 10:30 pm.
Axis Ultra Short Term Fund Direct - Growth scheme return performance in last 1 year is 9.10%, is 9.85% 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.