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4 star

Axis Liquid Fund

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Debt: Liquid

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1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.16 0.01 0.06 0.24 0.73 1.57 4.12 6.03 6.47 7.10 7.75
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 3.80 4.01 4.43 4.70
Debt: Liquid 0.16 0.01 0.06 0.24 0.72 1.53 3.83 5.72 6.23 6.89 7.59
Rank within category 23 14 20 17 17 7 10 7 7 6 7
Number of funds in category 41 41 41 41 41 41 41 35 34 34 30

As on 22-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Liquid Fund
4 star
 Oct-09 4.12 6.03 6.47 0.25 25,742
ICICI Prudential Liquid Fund  | Invest Now
4 star
 Nov-05 4.13 5.99 6.44 0.32 42,177
Aditya Birla Sun Life Liquid Fund  | Invest Online
5 star
 Mar-04 4.14 6.04 6.48 0.31 33,431
Nippon India Liquid Fund  | Invest Online
4 star
 Dec-03 4.10 6.04 6.47 0.32 23,245
Tata Liquid Fund - Regular Plan  | Invest Online
4 star
 Sep-04 4.15 6.00 6.45 0.33 19,843

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.49 (24-Mar-2020 - 31-Mar-2020) -0.15 (17-Mar-2020 - 24-Mar-2020)
Month 0.92 (22-Mar-2012 - 23-Apr-2012) 0.19 (23-Feb-2020 - 24-Mar-2020)
Quarter 2.62 (24-Jul-2013 - 23-Oct-2013) 0.72 (23-Oct-2020 - 22-Jan-2021)
Year 9.89 (12-Aug-2011 - 13-Aug-2012) 4.11 (23-Jan-2020 - 22-Jan-2021)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.95 0.46 2.55 3.82 0.98 2.15
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Liquid 5.66 0.63 2.08 3.24 0.96 1.84
Rank within category 7 21 8 6 28 5
Number of funds in category 35 35 35 34 35 35

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 81 114 72 35
Modified Duration (yrs) 0.10 0.15 0.09 0.09
Average Maturity (yrs) 0.10 0.15 0.10 0.08
Yield to Maturity (%) 3.07 5.44 2.94 3.07
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 91-D 11/03/2021 Treasury Bills SOV 0.00 - 7.21 7.21
equal Reserve Bank of India 91-D 07/01/2021 Treasury Bills SOV 0.00 - 5.03 5.03
equal Larsen & Toubro 29/01/2021 Commercial Paper A1+ 0.00 - 3.88 3.88
new Larsen & Toubro 89-D 10/03/2021 Commercial Paper A1+ 0.00 - 2.90 2.90
equal Reserve Bank of India 25/02/2021 Treasury Bills SOV 0.00 - 2.06 2.06
equal Reliance Industries 364-D 27/01/2021 Commercial Paper A1+ 0.00 - 1.94 1.94
new Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 1.94 1.94
equal Ultratech Cement 29/01/2021 Commercial Paper A1+ 0.00 - 1.94 1.94
new Reliance Retail Ventures 61-D 10/02/2021 Commercial Paper A1+ 0.00 - 1.94 1.94
equal Larsen & Toubro 17/02/2021 Commercial Paper A1+ 0.00 - 1.93 1.93
equal Aditya Birla Finance 17/02/2021 Commercial Paper A1+ 0.00 - 1.93 1.93
new Reserve Bank of India 91-D 25/03/2021 Treasury Bills SOV 0.00 - 1.93 1.93
down Reserve Bank of India 364-D 28/01/2021 Treasury Bills SOV 0.00 - 2.13 1.92
up Chennai Petroleum Corp. 18/02/2021 Commercial Paper A1+ 0.00 - 1.55 1.55
equal National Bank Agr. Rur. Devp 364-D 18/02/2021 Commercial Paper A1+ 0.00 - 1.55 1.55
up Reserve Bank of India 182-D 18/02/2021 Treasury Bills SOV 0.00 - 1.45 1.45
equal L&T Finance 91-D 20/01/2021 Commercial Paper A1+ 0.00 - 1.36 1.36
equal Ultratech Cement 16/02/2021 Commercial Paper A1+ 0.00 - 1.35 1.35
new National Fertilizers 90-D 02/03/2021 Commercial Paper A1+ 0.00 - 1.35 1.35
new IDFC First Bank 18/03/2021 Certificate of Deposit A1+ 0.00 - 1.35 1.35
equal Reserve Bank of India 91-D 28/01/2021 Treasury Bills SOV 0.00 - 1.20 1.20
equal National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 1.16 1.16
equal Grasim Industries 91-D 20/01/2021 Commercial Paper A1+ 0.00 - 1.16 1.16
equal Reliance Industries 91-D 22/01/2021 Commercial Paper A1+ 0.00 - 1.16 1.16
equal SBI Cards & Payments Services 18/02/2021 Commercial Paper A1+ 0.00 - 0.97 0.97

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2020

Fund Manager

— Aditya Pagaria since 13-Aug-2016

Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.

Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.

Funds Managed:

— Devang Shah since 05-Nov-2012

Education: Mr. Shah is B.Com and ACA.

Experience: Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.

Interviews:

Funds Managed:

0.01%

Change from previous, NAV as on 24-Jan-2021

Growth: ₹ 2,259.2744

Dividend Weekly: ₹ 1,002.5975

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Dividend Monthly: ₹ 1,003.3539

Dividend Daily: ₹ 1,001.3998

Investment Strategy

The fund seeks to generate reasonable return commensurate with low risk and high degree of liquidity from a portfolio of money market and high quality debt securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 09-Oct-2009
Return Since Launch: 7.48%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 25,742 Cr (As on 31-Dec-2020)
Expense: 0.25% (As on 31-Dec-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Jan-20210.0869

 23-Jan-20210.0868
 22-Jan-20210.0820
 21-Jan-20210.0813
 20-Jan-20210.0867
 19-Jan-20210.0819
 18-Jan-20210.0660
 17-Jan-20210.0842
 16-Jan-20210.0844
 15-Jan-20210.0493
 14-Jan-20210.0745
 13-Jan-20210.1158
 12-Jan-20210.0512
 10-Jan-20210.0811
 09-Jan-20210.0808
 08-Jan-20210.0785
 07-Jan-20210.0264
 06-Jan-20210.0403
 05-Jan-20210.0748
 04-Jan-20210.0950
 03-Jan-20210.0748
 02-Jan-20210.0747
 01-Jan-20210.0866
 31-Dec-20200.1064
 30-Dec-20200.1176
Dividend Weekly18-Jan-20210.5618

 11-Jan-20210.3467
 04-Jan-20210.6614
 28-Dec-20200.5931
 21-Dec-20200.5308
 14-Dec-20200.5369
 07-Dec-20200.3903
 01-Dec-20200.5974
 23-Nov-20200.5374
 17-Nov-20200.7106
 09-Nov-20200.6223
 02-Nov-20200.5533
 26-Oct-20200.6080
 19-Oct-20200.6896
 12-Oct-20200.6331
 05-Oct-20200.7226
 28-Sep-20200.6557
 21-Sep-20200.6117
 14-Sep-20200.5044
 07-Sep-20200.6116
 31-Aug-20200.5720
 24-Aug-20200.6496
 17-Aug-20200.6970
 10-Aug-20200.6441
 03-Aug-20200.5813
Dividend Monthly28-Dec-20202.4727

 25-Nov-20202.6005
 26-Oct-20202.9501
 25-Sep-20202.6167
 25-Aug-20202.6157
 27-Jul-20202.8054
 25-Jun-20202.9869
 26-May-20203.9535
 27-Apr-20207.9689
 26-Mar-20201.7114
 25-Feb-20203.0100
 27-Jan-20203.2178
 26-Dec-20193.1575
 25-Nov-20193.2471
 25-Oct-20193.5346
 25-Sep-20193.1603
 26-Aug-20193.8613
 25-Jul-20193.0783
 02-Jul-20194.8406
 27-May-20194.5326
 25-Apr-20194.8120
 25-Mar-20193.9191
 25-Feb-20194.2571
 25-Jan-20194.3185
 26-Dec-20184.3913

Contact Information

AMC: Axis Asset Management Company Ltd.

Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025

Phone: 022-24255161

Fax: 022-43255199

Email: [email protected] / [email protected]

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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