Axis Short Term Fund vs SBI Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Short Term Fund and SBI Short Term Fund are both Short Duration funds. In the 3 years to 30-10-2026, Axis Short Term Fund (Direct) returned 7.6% a year and SBI Short Term Fund (Direct) returned 7.1% a year. Axis Short Term Fund charges 0.40% a year and SBI Short Term Fund 0.42% (Direct plans). Their portfolios overlap 15.9%: they hold 19 of the same securities.
Axis Short Term Fund
Short Duration
- 3 year return
- 7.6%
- Expense ratio
- 0.40%
- NAV
- ₹36.27
SBI Short Term Fund
Short Duration
- 3 year return
- 7.1%
- Expense ratio
- 0.42%
- NAV
- ₹36.38
Which is better, Axis Short Term or SBI Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Short Term returned more over 5 years: 6.7% a year against 6.3%.
- Axis Short Term returned more over 3 years: 7.6% a year against 7.1%.
- Axis Short Term costs less: 0.40% a year against 0.42% (Direct plans).
- Axis Short Term swung less over 3 years: a standard deviation of 1.0% a year against 1.0%.
- SBI Short Term fell less in its worst fall since 02-01-2013: −2.4% against −2.6%.
- SBI Short Term is the larger fund: ₹13,243 Cr against ₹7,425 Cr.
- Their portfolios overlap 15.9%: 19 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Short Term Fund | SBI Short Term Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | SBI Mutual Fund |
| Category | Short Duration | Short Duration |
| AUM | ₹7,425 Cr (30-09-2026) | ₹13,243 Cr (30-09-2026) |
| NAV | ₹36.27 (Direct) | ₹36.38 (Direct) |
| Expense ratio (Direct) | 0.40% | 0.42% |
| Expense ratio (Regular) | 0.92% | 0.88% |
| Riskometer | Moderate | Not available |
| Benchmark | NIFTY Short Duration Debt Index A-II | Not available |
| Launch date | 22-01-2010 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Devang Shah, Aditya Pagaria | Not available |
| Exit load | Nil | Not available |
Axis Short Term vs SBI Short Term: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Short Term Fund (Direct) | −0.10% | +0.38% | +2.62% | +4.82% | +7.58% | +6.72% | +7.38% |
| SBI Short Term Fund (Direct) | −0.21% | +0.08% | +2.25% | +4.06% | +7.06% | +6.30% | +6.93% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | +6.89% |
Category average: the average of the 25 Short Duration funds, same plan type.
Axis Short Term vs SBI Short Term: Year-wise Returns
| Year | AxisAxis Short Term | SBISBI Short Term |
|---|---|---|
| 2026to date | +3.96% | +3.29% |
| 2025 | +8.62% | +8.23% |
| 2024 | +8.56% | +8.27% |
| 2023 | +7.46% | +7.26% |
| 2022 | +4.39% | +4.05% |
| 2021 | +4.19% | +3.29% |
Axis Short Term vs SBI Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,626 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Short Term Fund (Direct)
SBI Short Term Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Short Term | 0.0 | 0.0 | 94.1 | 5.9 | 0.0 | 0.0 | 0.0 | 8.0% | 8.2% | 5.2% | 10.8% |
| SBI Short Term | 0.0 | 3.8 | 94.0 | 2.2 | 0.0 | 0.0 | 0.0 | 7.7% | 7.9% | 4.7% | 10.4% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
Axis Short Term vs SBI Short Term: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹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 |
|---|---|---|---|---|
| Axis Short TermAxis Short Term Fund (Direct) | ₹16,60,000 | ₹28,66,038 | ₹12,06,038 | 7.5% |
| SBI Short TermSBI Short Term Fund (Direct) | ₹16,60,000 | ₹27,72,853 | ₹11,12,853 | 7.1% |
Axis Short TermAxis Short Term Fund (Direct)
SBI Short TermSBI Short Term Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), 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 vs SBI Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Short Term Fund (Direct) | SBI Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.82% | +4.06% |
| Standard deviation | 1.18% | 1.17% |
| Sharpe ratio | -0.36 | -1.01 |
| Sortino ratio | -0.51 | -1.37 |
| Maximum drawdown | −0.5% (21-05-2026) | −0.5% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Short Term Fund (Direct) | SBI Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.58% | +7.06% |
| Standard deviation | 0.96% | 0.96% |
| Sharpe ratio | 1.63 | 1.08 |
| Sortino ratio | 2.53 | 1.62 |
| Maximum drawdown | −0.5% (21-05-2026) | −0.5% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Short Term Fund (Direct) | SBI Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.72% | +6.30% |
| Standard deviation | 0.92% | 0.89% |
| Sharpe ratio | 0.99 | 0.56 |
| Sortino ratio | 1.44 | 0.80 |
| Maximum drawdown | −0.8% (06-05-2022) | −0.8% (09-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Short Term Fund (Direct) | SBI Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.99% | +7.60% |
| Standard deviation | 1.43% | 1.34% |
| Sharpe ratio | 1.36 | 1.16 |
| Sortino ratio | 2.09 | 1.74 |
| Maximum drawdown | −2.6% (24-03-2020) | −2.4% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
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. Beta and alpha compare each fund with its own benchmark's TRI.
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.
Axis Short Term Fund (Direct)
SBI Short Term Fund (Direct)
| Fund | 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 | −0.2% |
| SBI Short Term Fund (Direct) | −2.4% | 06-03-2020 | 23-03-2020 | 17-04-2020 | 25 days | −0.4% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Short Term Fund (Direct)
SBI Short Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Short Term Fund (Direct)
SBI Short Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Short Term Fund (Direct)
SBI Short Term Fund (Direct)
Axis Short Term vs SBI Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Short Term Fund, September 2026; SBI Short Term Fund, September 2026
Holdings in common
- Overlap
- 15.9%
- Held by both
- 19
- Only in Axis Short Term
- 146
- Only in SBI Short Term
- 60
| Security | % of Axis Short Term | % of SBI Short Term |
|---|---|---|
| Siddhivinayak Securitisation Trust (28/09/2030) | 2.74% | 2.71% |
| HDFC Bank Limited (15/01/2027) | 2.64% | 4.07% |
| Shivshakti Securitisation Trust (28/09/2029) | 1.52% | 4.32% |
| 7.44% National Bank For Agriculture and Rural Development (17/07/2029) | 1.33% | 2.58% |
| India Universal Trust (20/09/2030) | 1.44% | 1.32% |
| Muthoot Finance Limited (04/09/2029) (FRN) | 1.01% | 1.13% |
| Radhakrishna Securitisation Trust (28/09/2028) | 0.95% | 1.98% |
| 7.22% Small Industries Dev Bank of India (10/04/2029) | 2.65% | 0.74% |
| 6.85% National Bank For Agriculture and Rural Development (19/01/2029) | 0.99% | 0.74% |
| 7.68% Godrej Seeds & Genetics Limited (28/04/2028) | 0.40% | 0.48% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.49% | 0.39% |
| 7.99% Godrej Seeds & Genetics Limited (26/12/2028) | 1.33% | 0.37% |
| 7.99% Godrej Seeds & Genetics Limited (26/03/2029) | 1.26% | 0.37% |
| India Universal Trust (21/11/2027) | 0.33% | 0.77% |
| 7.68% Godrej Seeds & Genetics Limited (28/01/2028) | 0.27% | 0.37% |
| 6.94% Government of India (11/05/2036) | 4.45% | 0.26% |
| 7.68% Godrej Seeds & Genetics Limited (27/10/2028) | 0.26% | 0.48% |
| 8.2% RJ Corp Limited (24/09/2029) | 0.20% | 0.94% |
| 7.68% Godrej Seeds & Genetics Limited (28/07/2028) | 0.10% | 0.48% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.9% means 15.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Short Term Fund
| Security | % of fund |
|---|---|
| 7.7% Nuclear Power Corporation Of India Limited (21/03/2038) | 4.04% |
| 6.61% Power Finance Corporation Limited (15/07/2028) | 2.65% |
| 7.62% National Bank For Agriculture and Rural Development (31/01/2028) | 2.41% |
| HDFC Bank Limited (05/03/2027) | 1.96% |
| 7.87% IndiGrid Infrastructure Trust (24/02/2027) | 1.89% |
Largest holdings only in SBI Short Term Fund
| Security | % of fund |
|---|---|
| 7.31% State Government of Karnataka 2033 | 2.59% |
| 7.43% State Government of Gujarat 2035 | 2.58% |
| Canara Bank | 2.27% |
| National Bank for Agriculture and Rural Development | 2.22% |
| Small Industries Development Bank of India | 2.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Short Term | SBI Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 93.4% | 90.6% |
| Cash and others | 6.6% | 9.4% |
Axis Short Term vs SBI Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Short Term Fund | SBI Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.40% | 0.42% |
| Base expense ratio (Direct) | 0.32% | 0.35% |
| Total expense ratio (Regular) | 0.92% | 0.88% |
| Base expense ratio (Regular) | 0.77% | 0.74% |
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, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Short Term with
Axis Short Term Fund vs SBI Short Term Fund: Frequently Asked Questions
What is the difference between Axis Short Term Fund and SBI Short Term Fund?
Both are Short Duration funds, run by Axis Mutual Fund and SBI Mutual Fund. Their portfolios overlap 15.9%. Axis Short Term Fund charges 0.40% a year and SBI Short Term Fund 0.42%.
Which has given higher returns, Axis Short Term Fund or SBI Short Term Fund?
Over 1 year: Axis Short Term Fund +4.82%, SBI Short Term Fund +4.06%. Over 3 years: Axis Short Term Fund +7.58% a year, SBI Short Term Fund +7.06% a year. Over 5 years: Axis Short Term Fund +6.72% a year, SBI Short Term Fund +6.30% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Short Term Fund or SBI Short Term Fund?
Axis Short Term Fund charges less: 0.40% a year against 0.42%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Short Term Fund and SBI Short Term Fund overlap?
15.9%. They hold 19 of the same securities, the largest shared ones being Siddhivinayak Securitisation Trust (28/09/2030), HDFC Bank Limited (15/01/2027), Shivshakti Securitisation Trust (28/09/2029). From each fund's latest monthly portfolio.
Which is better for SIP, Axis Short Term Fund or SBI Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,29,981 in Axis Short Term Fund (XIRR 7.0% a year) and ₹7,21,357 in SBI Short Term Fund (XIRR 6.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Short Term Fund and SBI Short Term Fund?
Yes. 15.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.