Axis Short Term Fund

Short DurationDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Axis Short Term Fund is a Short Duration fund run by Axis Mutual Fund. On 30-09-2026, it managed ₹7,425 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.6% a year and its Regular plan returned 7.0% a year. Its benchmark, NIFTY Short Duration Debt Index A-II, returned 6.6% a year over the same 3 years.

NAV (Direct plan): ₹36.27; ▲ 0.03%30-10-2026
NAV (Regular plan): ₹33.01; ▲ 0.03%30-10-2026
Expense ratio: 0.40%Direct0.92%Regular; 0.40%; A year
Riskometer: Moderate; Set by the fund house
3 year return: 7.6%Direct7.0%Regular; 7.6%; A year

Axis Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹36.27 (up 0.03% that day); Regular Plan Growth ₹33.01 (up 0.03% that day).

This fund (Direct plan)

₹36.2658

Axis Short Term Fund Returns vs NIFTY Short Duration Debt Index A-II

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−0.10%	+0.38%	+2.62%	+4.82%	+7.58%	+6.72%	+7.38%
This fund (Regular)	−0.14%	+0.25%	+2.34%	+4.27%	+7.02%	+6.10%	+6.71%
NIFTY Short Duration Debt Index A-II	+0.14%	+0.49%	+2.66%	+4.41%	+6.61%	+5.84%	--
Short Duration average	−0.14%	+0.30%	+2.50%	+4.11%	+6.88%	+6.62%	+6.89%
Best in Short Duration	+0.11%	+0.75%	+3.17%	+5.54%	+7.64%	+10.75%	+7.63%
Worst in Short Duration	−0.34%	−0.09%	+2.15%	−3.88%	−1.14%	+6.01%	+5.64%
Rank in Short Duration	10/25	9/24	5/24	4/23	2/23	4/20	2/16

Category rows compare the Direct plans of 25 Short Duration funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

Axis Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+3.96%	+3.50%
2025	+8.62%	+8.05%
2024	+8.56%	+8.01%
2023	+7.46%	+6.79%
2022	+4.39%	+3.70%
2021	+4.19%	+3.48%

Axis Short Term Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,626 periods, one for each trading day from 04-01-2016 to 30-10-2026.

0%2%4%6%8%10%12%

Nov 2013
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025

Axis Short Term Fund (Direct)Category average, 25 Short Duration funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	3,102	8.4%	3.0%	12.8%	0%	7.8%	75%
2 years	2,867	8.3%	4.2%	11.3%	0%	7.6%	71%
3 years	2,626	8.2%	5.2%	10.8%	0%	7.5%	94%
5 years	2,143	7.6%	6.5%	9.3%	0%	6.8%	100%
7 years	1,661	7.8%	7.0%	9.7%	0%	7.1%	100%
10 years	933	8.0%	7.4%	8.4%	0%	7.5%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	154	8.3%	2.4%	13.0%	0%	7.7%	80%
2 years	142	8.3%	3.7%	11.9%	0%	7.5%	80%
3 years	130	8.0%	5.0%	10.8%	0%	7.3%	84%
5 years	106	7.7%	6.4%	9.6%	0%	7.2%	100%
7 years	82	7.3%	6.9%	9.5%	0%	6.8%	100%
10 years	46	7.5%	7.3%	7.8%	0%	7.0%	100%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 25 Short Duration funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Axis Short Term Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Axis Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+4.82%	+4.16%
Standard deviation	1.18%	1.17%
Sharpe ratio	-0.36	-0.93
Sortino ratio	-0.51	-1.23
Maximum drawdown	−0.53% (21-05-2026)	−0.75% (02-04-2026)

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Axis Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.58%	+6.89%
Standard deviation	0.96%	0.97%
Sharpe ratio	1.63	0.89
Sortino ratio	2.53	1.27
Maximum drawdown	−0.53% (21-05-2026)	−0.75% (02-04-2026)

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Axis Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.72%	+6.33%
Standard deviation	0.92%	1.01%
Sharpe ratio	0.99	0.52
Sortino ratio	1.44	0.75
Maximum drawdown	−0.83% (06-05-2022)	−0.98% (06-05-2022)

From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Axis Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.38%	+6.74%
Standard deviation	1.44%	1.36%
Sharpe ratio	1.37	0.98
Sortino ratio	2.29	1.49
Maximum drawdown	−2.6% (24-03-2020)	−2.3% (23-03-2020)

From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Axis Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.99%	+7.52%
Standard deviation	1.43%	1.34%
Sharpe ratio	1.36	1.10
Sortino ratio	2.09	1.61
Maximum drawdown	−2.6% (24-03-2020)	−2.3% (23-03-2020)

From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−3%−2.5%−2%−1.5%−1%−0.5%0%

2014201620182020202220242026

Axis Short Term Fund (Direct)Category average, 25 Short Duration funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Axis Short Term Fund (Direct)	−2.6%	06-03-2020	24-03-2020	31-03-2020	7 days	−0.21%
Category average	−2.3%	06-03-2020	23-03-2020	31-03-2020	8 days	−0.28%

From the Direct plan's daily NAV since 02-01-2013, adjusted for unit splits, and the average of the 25 Short Duration funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Axis Short Term Fund vs Other Short Duration Funds

The five Short Duration funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Bandhan Short Term Fund	1/23	8,680	0.39%	+5.54%	+7.64%	--	--	1.61	2.54	Compare
Axis Short Term Fund	2/23	7,425	0.40%	+4.82%	+7.58%	--	--	1.63	2.53
Mahindra Manulife Short Term Fund	3/23	79	0.33%	+4.78%	+7.49%	--	--	1.56	2.36	Compare
Bank of India Short Term Fund	4/23	259	0.54%	+4.34%	+7.48%	--	--	1.01	2.34	Compare
ICICI Prudential Short Term Fund	4/23	18,890	0.45%	+4.92%	+7.48%	--	--	1.55	2.34	Compare

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Axis Short Term Fund Expense Ratio and Costs

What each plan charges a year, in force from 22-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Short Duration median	Cost rank (1 = cheapest)
Direct	0.32%	0.01%	0.01%	0.06%	0.40%	0.37%	19/25
Regular	0.77%	0.01%	0.01%	0.13%	0.92%	0.99%	8/25

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Short Duration funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	4.27%	4.82%	0.55%	₹1,04,270	₹1,04,820
3 years	7.02%	7.58%	0.56% a year	₹1,22,573	₹1,24,507
5 years	6.10%	6.72%	0.62% a year	₹1,34,455	₹1,38,430
10 years	6.71%	7.38%	0.67% a year	₹1,91,448	₹2,03,814

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Axis Short Term Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planAxis Short Term Fund (Direct)	₹16,60,000	₹28,66,038	₹12,06,038	7.5%
Regular planAxis Short Term Fund (Regular)	₹16,60,000	₹27,22,671	₹10,62,671	6.8%
Category averageCategory average, 25 Short Duration funds	₹16,60,000	₹27,46,318	₹10,86,318	7.0%

₹0₹10.0 L₹20.0 L₹30.0 L

2014201620182020202220242026

Direct planAxis Short Term Fund (Direct)Regular planAxis Short Term Fund (Regular)Category averageCategory average, 25 Short Duration fundsAmount invested

From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Axis Short Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

93.4%Debt

Asset	Fund	Category
Debt	93.4%	92.0%
Cash and others	6.6%	8.0%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 25 Short Duration funds.

Rating	Fund	Category
Sovereign	8.2%	11.4%
AAA and A1+	70.3%	71.2%
AA	14.9%	9.4%

Axis Short Term Fund Portfolio Holdings

As on 30-09-2026 · 172 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
6.94% Government of India (11/05/2036) · Government security	Sovereign	4.45%
7.7% Nuclear Power Corporation Of India Limited (21/03/2038) · Bond	ICRA AAA	4.04%
Siddhivinayak Securitisation Trust (28/09/2030)	CRISIL AAA(SO)	2.74%
6.61% Power Finance Corporation Limited (15/07/2028) · Bond	CRISIL AAA	2.65%
7.22% Small Industries Dev Bank of India (10/04/2029) · Bond	CRISIL AAA	2.65%
HDFC Bank Limited (15/01/2027) · Certificate of deposit	CARE A1+	2.64%
7.62% National Bank For Agriculture and Rural Development (31/01/2028) · Bond	CRISIL AAA	2.41%
HDFC Bank Limited (05/03/2027) · Certificate of deposit	CRISIL A1+	1.96%
7.87% IndiGrid Infrastructure Trust (24/02/2027) · Bond	CRISIL AAA	1.89%
7.87% Bajaj Housing Finance Limited (04/08/2036) · Bond	CRISIL AAA	1.63%
7.55% L&T Metro Rail (Hyderabad) Limited (28/04/2035) · Bond	CRISIL AAA(CE)	1.62%
Jubilant Beverages Limited (31/05/2028) (ZCB) · Bond	CRISIL AA	1.62%
Shivshakti Securitisation Trust (28/09/2029)	CRISIL AAA(SO)	1.52%
India Universal Trust (20/09/2030)	IND AAA(SO)	1.44%
7.68% Small Industries Dev Bank of India (10/08/2027) · Bond	CRISIL AAA	1.39%
8.1% Tata Capital Housing Finance Limited (13/12/2028) · Bond	CRISIL AAA	1.35%
8.65% TVS Holdings Limited (07/06/2029) · Bond	CRISIL AA+	1.35%
Mahindra & Mahindra Financial Services Limited (18/05/2029) (FRN) · Bond	CRISIL AAA	1.35%
8.46% Aditya Birla Capital Limited (26/02/2027) (FRN) · Bond	ICRA AAA	1.35%
Tata Capital Limited (21/02/2029) (FRN) · Bond	CRISIL AAA	1.34%
7.44% National Bank For Agriculture and Rural Development (17/07/2029) · Bond	CRISIL AAA	1.33%
7.99% Godrej Seeds & Genetics Limited (26/12/2028) · Bond	CRISIL AA	1.33%
Bank of Baroda (27/01/2027) · Certificate of deposit	CARE A1+	1.32%
7.64% Bajaj Housing Finance Limited (01/07/2030) · Bond	CRISIL AAA	1.32%
Export Import Bank of India (12/03/2027) · Commercial paper	CRISIL A1+	1.31%
Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN) · Bond	ICRA AA+	1.28%
7.99% Godrej Seeds & Genetics Limited (26/03/2029) · Bond	CRISIL AA	1.26%
Jubilant Bevco Limited (31/05/2028) (ZCB) · Bond	CRISIL AA	1.17%
09.15% Shriram Finance Limited (28/06/2029) · Bond	CRISIL AAA	1.17%
8.15% Godrej Industries Limited (22/11/2029) · Bond	CRISIL AA+	1.13%
7.6937% Nexus Select Trust - REIT (28/05/2027) · Bond	CRISIL AAA	1.01%
7.7954% Reliance Life Sciences Private Limited (05/11/2027) · Bond	CARE AAA	1.01%
Muthoot Finance Limited (04/09/2029) (FRN) · Bond	CRISIL AA+	1.01%
7.57% LIC Housing Finance Limited (23/11/2029) · Bond	CRISIL AAA	1.00%
Punjab National Bank (05/02/2027) · Certificate of deposit	CRISIL A1+	0.99%
6.85% National Bank For Agriculture and Rural Development (19/01/2029) · Bond	ICRA AAA	0.99%
6.66% Small Industries Dev Bank of India (25/10/2028) · Bond	CRISIL AAA	0.99%
Radhakrishna Securitisation Trust (28/09/2028)	CRISIL AAA(SO)	0.95%
Small Industries Dev Bank of India (20/08/2027) · Certificate of deposit	CARE A1+	0.95%
7.45% Bharti Telecom Limited (15/12/2028) · Bond	CRISIL AAA	0.93%
8.4% DLF Cyber City Developers Limited (18/06/2027) · Bond	ICRA AAA	0.87%
Muthoot Finance Limited (26/07/2029) (FRN) · Bond	CRISIL AA+	0.74%
7.25% RJ Corp Limited (08/12/2028) · Bond	CRISIL AAA	0.74%
8.37% Aadhar Housing Finance Limited (29/05/2028) · Bond	ICRA AA+	0.74%
JTPM Metal Traders Limited (29/09/2028) (ZCB) · Bond	CRISIL AA	0.73%
6.73% Power Finance Corporation Limited (15/10/2027) · Bond	CRISIL AAA	0.67%
8.1% Bajaj Housing Finance Limited (08/07/2027) · Bond	CRISIL AAA	0.67%
8.25% Bajaj Housing Finance Limited (27/05/2031) · Bond	CRISIL AAA	0.67%
7.51% Small Industries Dev Bank of India (12/06/2028) · Bond	CRISIL AAA	0.67%
7.70% Small Industries Dev Bank of India (10/10/2029) · Bond	CRISIL AAA	0.67%
6.47% Indian Railway Finance Corporation Limited (30/05/2028) · Bond	CRISIL AAA	0.66%
6.66% National Bank For Agriculture and Rural Development (12/10/2028) · Bond	ICRA AAA	0.66%
7.29% Small Industries Dev Bank of India (09/11/2029) · Bond	CRISIL AAA	0.66%
Indian Bank (29/01/2027) · Certificate of deposit	CRISIL A1+	0.66%
7.18% Sundaram Finance Limited (16/05/2028) · Bond	CRISIL AAA	0.66%
Bank of Baroda (11/03/2027) · Certificate of deposit	IND A1+	0.65%
India Universal Trust (21/11/2030)	CRISIL AAA(SO)	0.62%
7.15% Sundaram Home Finance Limited (16/05/2028) · Bond	ICRA AAA	0.60%
6.92% DLF Cyber City Developers Limited (28/07/2028) · Bond	CRISIL AAA	0.53%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2		0.49%
7.88% Tata Capital Limited (07/07/2031) · Bond	CRISIL AAA	0.48%
7.44% National Bank For Agriculture and Rural Development (24/02/2028) · Bond	CRISIL AAA	0.47%
7.27% Tata Capital Housing Finance Limited (25/04/2028) · Bond	CRISIL AAA	0.40%
7.53% National Bank For Agriculture and Rural Development (24/03/2028) · Bond	ICRA AAA	0.40%
7.68% Godrej Seeds & Genetics Limited (28/04/2028) · Bond	CRISIL AA	0.40%
Sansar Trust (25/04/2031)	CRISIL AAA(SO)	0.39%
7.26% Government of India (22/08/2032) · Government security	Sovereign	0.34%
7.5% Indian Railway Finance Corporation Limited (07/09/2029) · Bond	CRISIL AAA	0.34%
7.57% Indian Railway Finance Corporation Limited (18/04/2029) · Bond	CRISIL AAA	0.34%
7.75% LIC Housing Finance Limited (23/11/2027) · Bond	CRISIL AAA	0.34%
7.45% Power Finance Corporation Limited (15/07/2028) · Bond	CRISIL AAA	0.34%
7.70% National Bank For Agriculture and Rural Development (30/09/2027) · Bond	ICRA AAA	0.34%
7.90% Bajaj Finance Limited (13/04/2028) · Bond	CRISIL AAA	0.34%
8.60% Muthoot Finance Limited (02/03/2028) · Bond	CRISIL AA+	0.34%
8.40% Godrej Properties Limited (25/01/2028) · Bond	ICRA AA+	0.34%
7.68% Small Industries Dev Bank of India (10/09/2027) · Bond	CRISIL AAA	0.34%
7.47% Gujarat State Development Loans (27/08/2036) · State government security	Sovereign	0.33%
7.73% Embassy Office Parks REIT (14/12/2029) · Bond	CRISIL AAA	0.33%
IndusInd Bank Limited (29/01/2027) · Certificate of deposit	CRISIL A1+	0.33%
7.38% Power Finance Corporation Limited (15/01/2032) · Bond	CRISIL AAA	0.33%
India Universal Trust (21/11/2027)	CRISIL AAA(SO)	0.33%
6.95% Bajaj Housing Finance Limited (28/01/2028) · Bond	CRISIL AAA	0.33%
8.11% Pilani Investment and Industries Corporation Limited (24/04/2029) · Bond	CRISIL AA+	0.33%
6.74% Small Industries Dev Bank of India (10/01/2029) · Bond	CRISIL AAA	0.33%
7.5519% HDB Financial Services Limited (04/04/2029) · Bond	CRISIL AAA	0.33%
7.2% REC Limited (15/01/2035) · Bond	CRISIL AAA	0.32%
8.9% Bharti Telecom Limited (05/11/2034) · Bond	CRISIL AAA	0.28%
7.7165% Nexus Select Trust - REIT (14/06/2028) · Bond	CRISIL AAA	0.27%
7.68% Godrej Seeds & Genetics Limited (28/01/2028) · Bond	CRISIL AA	0.27%
7.1% National Bank For Agriculture and Rural Development (29/03/2029) · Bond	CRISIL AAA	0.26%
7.68% Godrej Seeds & Genetics Limited (27/10/2028) · Bond	CRISIL AA	0.26%
7.10% Bajaj Housing Finance Limited (16/10/2028) · Bond	CRISIL AAA	0.26%
7.88% Muthoot Finance Limited (22/11/2028) · Bond	CRISIL AA+	0.26%
Government of India (05/08/2032) · Government security	Sovereign	0.23%
6.76% Government of India (22/08/2027) · Government security	Sovereign	0.22%
Government of India (15/10/2032) · Government security	Sovereign	0.22%
7.55% Karnataka State Development Loans (11/08/2035) · State government security	Sovereign	0.20%
7.96% Embassy Office Parks REIT (27/09/2027) · Bond	CRISIL AAA	0.20%
7.3763% Bajaj Finance Limited (26/06/2028) · Bond	CRISIL AAA	0.20%
8.2% RJ Corp Limited (24/09/2029) · Bond	CRISIL AAA	0.20%
7.6% Kotak Mahindra Prime Limited (19/05/2028)	CRISIL AAA	0.20%
Government of India (22/10/2028) · Government security	Sovereign	0.18%
India Universal Trust (20/07/2027)	IND AAA(SO)	0.18%
4.7% Government of India (22/09/2033) · Government security	Sovereign	0.16%
Sansar Trust (25/06/2030)	CRISIL AAA(SO)	0.15%
Government of India (05/02/2027) · Government security	Sovereign	0.14%
6.58% Gujarat State Development Loans (31/03/2027) · State government security	Sovereign	0.14%
Government of India (05/02/2028) · Government security	Sovereign	0.13%
7.42% Bihar State Development Loans (31/12/2031) · State government security	Sovereign	0.13%
Kotak Mahindra Bank Limited (29/01/2027)	CRISIL A1+	0.13%
7.35% Export Import Bank of India (27/07/2028) · Bond	CRISIL AAA	0.13%
7.79% Small Industries Dev Bank of India (19/04/2027) · Bond	CRISIL AAA	0.13%
7.299% Kotak Mahindra Prime Limited (22/09/2028)	CRISIL AAA	0.13%
7.68% Godrej Seeds & Genetics Limited (28/07/2028) · Bond	CRISIL AA	0.10%
9.20% Government of India (30/09/2030) · Government security	Sovereign	0.07%
7.04% Government of India (03/06/2029) · Government security	Sovereign	0.07%
7.06% Government of India (27/07/2041) · Government security	Sovereign	0.07%
7.75% Gujarat State Development Loans (13/12/2027) · State government security	Sovereign	0.07%
6.69% Tamilnadu State Development Loans (23/09/2030) · State government security	Sovereign	0.07%
7.5% West Bengal State Development Loans (03/12/2037) · State government security	Sovereign	0.07%
Sansar Trust (17/03/2028)	CRISIL AAA(SO)	0.07%
8.22% National Bank For Agriculture and Rural Development (13/12/2028) · Bond	CRISIL AAA	0.07%
7.7951% Bajaj Finance Limited (10/12/2027) · Bond	CRISIL AAA	0.07%
7.4% Bharti Telecom Limited (01/02/2029) · Bond	CRISIL AAA	0.07%
8.52% Muthoot Finance Limited (07/04/2028) · Bond	CRISIL AA+	0.07%
9.233% Shriram Finance Limited (18/05/2027) · Bond	CRISIL AAA	0.07%
8.32% Torrent Power Limited (28/02/2028) · Bond	CRISIL AA+	0.07%
6.67% Government of India (15/12/2035) · Government security	Sovereign	0.06%
6.68% Government of India (27/01/2033) · Government security	Sovereign	0.06%
8.1167% Bajaj Finance Limited (10/05/2027) · Bond	CRISIL AAA	0.06%
6.64% Government of India (16/06/2035) · Government security	Sovereign	0.05%
7.17% Government of India (17/04/2030) · Government security	Sovereign	0.05%
7.37% Government of India (23/10/2028) · Government security	Sovereign	0.05%
6.28% Government of India (14/07/2032) · Government security	Sovereign	0.05%
7.44% Madhya Pradesh State Development Loans (03/12/2038) · State government security	Sovereign	0.05%
8.5% Cholamandalam Investment and Finance Company Ltd (30/01/2027) · Bond	ICRA AA+	0.05%
7.38% Government of India (20/06/2027) · Government security	Sovereign	0.04%
7.34% Government of India (22/04/2064) · Government security	Sovereign	0.04%
6.75% Government of India (23/12/2029) · Government security	Sovereign	0.04%
6.33% Government of India (05/05/2035) · Government security	Sovereign	0.04%
8.15% Government of India (24/11/2026) · Government security	Sovereign	0.03%
6.79% Government of India (15/05/2027) · Government security	Sovereign	0.03%
7.26% Government of India (14/01/2029) · Government security	Sovereign	0.03%
6.1% Government of India (12/07/2031) · Government security	Sovereign	0.03%
7.3% Government of India (19/06/2053) · Government security	Sovereign	0.03%
7.53% Haryana State Development Loans (24/05/2027) · State government security	Sovereign	0.03%
7.52% Uttar Pradesh State Development Loans (24/05/2027) · State government security	Sovereign	0.03%
7.17% West Bangal State Development Loans (02/03/2032) · State government security	Sovereign	0.03%
7.44% Power Finance Corporation Limited (11/06/2027) · Bond	CRISIL AAA	0.03%
7.7% Bajaj Housing Finance Limited (21/05/2027) · Bond	CRISIL AAA	0.03%
8.95% Muthoot Finance Limited (03/05/2027) · Bond	CRISIL AA+	0.03%
7.79% Small Industries Dev Bank of India (14/05/2027) · Bond	CRISIL AAA	0.03%
7.75% Small Industries Dev Bank of India (10/06/2027) · Bond	CRISIL AAA	0.03%
6.79% Government of India (26/12/2029) · Government security	Sovereign	0.02%
7.1% Government of India (08/04/2034) · Government security	Sovereign	0.02%
6.79% Government of India (07/10/2034) · Government security	Sovereign	0.02%
6.92% Government of India (18/11/2039) · Government security	Sovereign	0.02%
6.68% Government of India (07/07/2040) · Government security	Sovereign	0.02%
6.48% Government of India (06/10/2035) · Government security	Sovereign	0.02%
7.26% Government of India (06/02/2033) · Government security	Sovereign	0.01%
7.23% Tamilnadu State Development Loans (14/06/2027) · State government security	Sovereign	0.01%
7.56% REC Limited (31/08/2027) · Bond	ICRA AAA	0.01%
7.90% Bajaj Housing Finance Limited (28/04/2028) · Bond	CRISIL AAA	0.01%
7.64% Food Corporation Of India (12/12/2029) · Bond	CRISIL AAA(CE)	0.01%
8.12% Kotak Mahindra Prime Limited (21/06/2027)	CRISIL AAA	0.01%
8.97% Government of India (05/12/2030) · Government security	Sovereign	0.00%
8.60% Government of India (02/06/2028) · Government security	Sovereign	0.00%
7.88% Government of India (19/03/2030) · Government security	Sovereign	0.00%
5.79% Government of India (11/05/2030) · Government security	Sovereign	0.00%
7.18% Government of India (24/07/2037) · Government security	Sovereign	0.00%
7.45% Bihar State Development Loans (10/09/2034) · State government security	Sovereign	0.00%
7.16% Rajasthan State Development Loans (16/10/2029) · State government security	Sovereign	0.00%

Axis Short Term Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
AXIS Corporate Bond FundCorporate Bond · Axis	34.0%	49	Compare
Axis Ultra Short to Short Term FundLow Duration · Axis	24.2%	37	Compare
ICICI Prudential Corporate Bond FundCorporate Bond · ICICI Prudential	19.1%	32	Compare
Axis Banking and PSU Debt FundBanking & PSU · Axis	19.0%	42	Compare
ICICI Prudential Short Term FundShort Duration · ICICI Prudential	18.4%	40	Compare
HDFC Short Term FundShort Duration · HDFC	17.4%	30	Compare
Nippon India Floating Interest Rates FundFloater · Nippon India	16.8%	26	Compare
Nippon India Short Term FundShort Duration · Nippon India	16.8%	24	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Axis Short Term Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.40%
Expense ratio (Regular): 0.92%
Category: Short Duration
Risk: Moderate
Benchmark: NIFTY Short Duration Debt Index A-II
Launch date: 22-01-2010
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹7,424.52 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 120510
ISIN (Direct): INF846K01EI1
Scheme code (Regular): 112354
ISIN (Regular): INF846K01644
NAV history: From 02-01-2013, 13.8 years

Exit load: Nil

Tax on Axis Short Term Fund returns

Axis Short Term Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹36.2658	30-10-2026
direct	Monthly IDCW	₹10.0021	30-10-2026
direct	IDCW	₹22.1874	30-10-2026
direct	Weekly IDCW	₹10.226	30-10-2026
regular	Growth	₹33.01	30-10-2026
regular	Growth	₹32.6282	30-10-2026
regular	Monthly IDCW	₹10.0185	30-10-2026
regular	IDCW	₹22.083	30-10-2026
regular	Weekly IDCW	₹10.3695	30-10-2026
regular	Monthly IDCW	₹9.9959	30-10-2026
regular	Weekly IDCW	₹10.2003	30-10-2026

About Axis Short Term Fund

Axis Short Term Fund is a mutual fund from Axis Mutual Fund. Its category is Short Duration. It was launched on 22-01-2010. Its benchmark is NIFTY Short Duration Debt Index A-II. At the end of September 2026 it held 172 securities.

Fund Manager

Devang Shah
Fund manager of Axis Short Term Fund, since 05-11-2012
Aditya Pagaria
Fund manager of Axis Short Term Fund, since 03-07-2023

See all funds of Axis Mutual Fund

AUM change

September 2026: ₹7,424.52 Cr; −1.02% from August 2026
August 2026: ₹7,501.02 Cr; −6.36% from July 2026
July 2026: ₹8,010.24 Cr; −2.12% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Axis Short Term Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Axis Short Term vs Bandhan Short TermShort Duration
Axis Short Term vs Mahindra Manulife Short TermShort Duration
Axis Short Term vs Bank of India Short TermShort Duration
Axis Short Term vs ICICI Prudential Short Term18.4% overlap
Axis Short Term vs AXIS Corporate Bond34.0% overlap
Axis Short Term vs Axis Ultra Short to Short Term24.2% overlap
Axis Short Term vs ICICI Prudential Corporate Bond19.1% overlap
Axis Short Term vs Axis Banking and PSU Debt19.0% overlap

Compare with any other fund

Frequently Asked Questions for Axis Short Term Fund

What is the current NAV of Axis Short Term Fund?

The Direct plan NAV is ₹36.2658. The Regular plan NAV is ₹33.01, as on 30-10-2026.

What are the returns of Axis Short Term Fund?

The Direct plan returned +4.82% in 1 year, +7.58% a year over 3 years, +6.72% a year over 5 years. The Regular plan returned +4.27% in 1 year, +7.02% a year over 3 years, +6.10% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Axis Short Term Fund?

The Direct plan charges 0.40% a year. The Regular plan charges 0.92% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.

What is the AUM of Axis Short Term Fund?

Axis Short Term Fund managed ₹7,424.52 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Axis Short Term Fund?

At the end of September 2026 the largest holdings were 6.94% Government of India (11/05/2036) (4.45%), 7.7% Nuclear Power Corporation Of India Limited (21/03/2038) (4.04%), Siddhivinayak Securitisation Trust (28/09/2030) (2.74%), 6.61% Power Finance Corporation Limited (15/07/2028) (2.65%), 7.22% Small Industries Dev Bank of India (10/04/2029) (2.65%). The fund held 172 securities in all.

How do I invest in Axis Short Term Fund?

Through Axis Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.

Who is the fund manager of Axis Short Term Fund?

Devang Shah (since 05-11-2012), Aditya Pagaria (since 03-07-2023).

What is the exit load of Axis Short Term Fund?

Nil

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.