Axis Ultra Short Term fund vs Edelweiss Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Ultra Short Term fund and Edelweiss Ultra Short Term Fund are both Ultra Short funds. Axis Ultra Short Term fund charges 0.36% a year and Edelweiss Ultra Short Term Fund 0.13% (Direct plans). Their portfolios overlap 3.2%: they hold 2 of the same securities.
Edelweiss Ultra Short Term Fund
Ultra Short
- Expense ratio
- 0.13%
- NAV
- ₹1,009.78
Which is better, Axis Ultra Short Term fund or Edelweiss Ultra 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.
- Edelweiss Ultra Short Term costs less: 0.13% a year against 0.36% (Direct plans).
- Axis Ultra Short Term fund fell less in its worst fall since 27-08-2026: −0.1% against −0.1%.
- Axis Ultra Short Term fund is the larger fund: ₹4,996 Cr against ₹896 Cr.
- Their portfolios overlap 3.2%: 2 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 Ultra Short Term fund | Edelweiss Ultra Short Term Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Edelweiss Mutual Fund |
| Category | Ultra Short | Ultra Short |
| AUM | ₹4,996 Cr (30-09-2026) | ₹896 Cr (30-09-2026) |
| NAV | ₹17.03 (Direct) | ₹1,009.78 (Direct) |
| Expense ratio (Direct) | 0.36% | 0.13% |
| Expense ratio (Regular) | 1.24% | 0.61% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | NIFTY Ultra Short Duration Debt Index A-I | CRISIL Ultra Short Duration Debt A-I Index |
| Launch date | 10-09-2018 | 25-08-2026 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Sachin Jain, Hardik Shah | Rahul Dedhia, Kedar Karnik |
| Exit load | Nil | Nil |
Axis Ultra Short Term fund vs Edelweiss Ultra 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 Ultra Short Term fund (Direct) | +0.36% | +1.53% | +3.34% | +6.56% | +7.37% | +6.82% | -- |
| Edelweiss Ultra Short Term Fund (Direct) | +0.31% | -- | -- | -- | -- | -- | -- |
| Ultra Short average | +0.30% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 26 Ultra Short funds, same plan type.
Axis Ultra Short Term fund vs Edelweiss Ultra Short Term: Year-wise Returns
| Year | Axis Ultra Short Term fundAxis Ultra Short Term fund | Edelweiss Ultra Short TermEdelweiss Ultra Short Term |
|---|---|---|
| 2026to date | +5.47% | -- |
| 2025 | +7.48% | -- |
| 2024 | +7.91% | -- |
| 2023 | +7.46% | -- |
| 2022 | +5.08% | -- |
| 2021 | +4.09% | -- |
Axis Ultra Short Term fund vs Edelweiss Ultra Short Term: Rolling Returns
Every holding period of both funds
Axis Ultra Short Term fund vs Edelweiss Ultra Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Ultra Short Term fund (Direct) | Edelweiss Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +5.38% |
| Standard deviation | 0.51% | 0.51% |
| Sharpe ratio | 2.92 | 0.20 |
| Sortino ratio | 6.08 | 0.27 |
| Maximum drawdown | −0.8% (24-03-2020) | −0.1% (22-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 12-09-2018 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 Ultra Short Term fund (Direct)
Edelweiss Ultra Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Ultra Short Term fund (Direct) | −0.1% | 19-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
| Edelweiss Ultra Short Term Fund (Direct) | −0.1% | 19-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
From daily values since 27-08-2026, the first day every fund has.
Axis Ultra Short Term fund vs Edelweiss Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Ultra Short Term fund, September 2026; Edelweiss Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 3.2%
- Held by both
- 2
- Only in Axis Ultra Short Term fund
- 74
- Only in Edelweiss Ultra Short Term
- 20
| Security | % of Axis Ultra Short Term fund | % of Edelweiss Ultra Short Term |
|---|---|---|
| 182 Days Tbill (MD 17/12/2026) | 2.18% | 2.21% |
| 7.8% National Bank For Agriculture and Rural Development (15/03/2027) | 1.00% | 5.59% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 3.2% means 3.2% 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 Ultra Short Term fund
| Security | % of fund |
|---|---|
| Small Industries Dev Bank of India (28/01/2027) | 5.87% |
| HDFC Bank Limited (15/01/2027) | 5.40% |
| Punjab National Bank (09/02/2027) | 5.37% |
| Canara Bank (28/01/2027) | 4.41% |
| 8.03% Mindspace Business Parks REIT (10/12/2026) | 4.01% |
Largest holdings only in Edelweiss Ultra Short Term Fund
| Security | % of fund |
|---|---|
| 182 DAYS TBILL RED 25-03-2027 | 8.14% |
| CANARA BANK CD RED 11-03-2027 | 8.12% |
| 7.71% REC LTD SR 230A NCD RED 26-02-2027 | 7.82% |
| 7.90% LIC HSG FIN TR421 NCD R 23-06-2027 | 5.58% |
| KOTAK MAHINDRA BANK CD RED 08-01-2027 | 5.48% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Ultra Short Term fund | Edelweiss Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.4% | 101.4% |
| Cash and others | 1.6% | -1.4% |
Axis Ultra Short Term fund vs Edelweiss Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Ultra Short Term fund | Edelweiss Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.36% | 0.13% |
| Base expense ratio (Direct) | 0.30% | 0.10% |
| Total expense ratio (Regular) | 1.24% | 0.61% |
| Base expense ratio (Regular) | 1.06% | 0.51% |
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 Ultra Short Term fund with
Axis Ultra Short Term fund vs Edelweiss Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Axis Ultra Short Term fund and Edelweiss Ultra Short Term Fund?
Both are Ultra Short funds, run by Axis Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 3.2%. Axis Ultra Short Term fund charges 0.36% a year and Edelweiss Ultra Short Term Fund 0.13%.
Which has the lower expense ratio, Axis Ultra Short Term fund or Edelweiss Ultra Short Term Fund?
Edelweiss Ultra Short Term Fund charges less: 0.13% a year against 0.36%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Ultra Short Term fund and Edelweiss Ultra Short Term Fund overlap?
3.2%. They hold 2 of the same securities, the largest shared ones being 182 Days Tbill (MD 17/12/2026), 7.8% National Bank For Agriculture and Rural Development (15/03/2027). From each fund's latest monthly portfolio.
Which is riskier, Axis Ultra Short Term fund or Edelweiss Ultra Short Term Fund?
On SEBI's riskometer, Axis Ultra Short Term fund is rated Moderate and Edelweiss Ultra Short Term Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 0.51% and 0.51% a year.
Can I invest in both Axis Ultra Short Term fund and Edelweiss Ultra Short Term Fund?
Yes. 3.2% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Axis Ultra Short Term fund and Edelweiss Ultra Short Term Fund?
Axis Ultra Short Term fund: Sachin Jain, Hardik Shah. Edelweiss Ultra Short Term Fund: Rahul Dedhia, Kedar Karnik.
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.