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Axis Liquid Fund

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Debt: Liquid

Recommended Fund

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an 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 are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, if your aim is 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 2.73 0.01 0.06 0.31 1.12 2.58 5.53 6.66 6.98 7.60 7.95
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 4.70 4.78
Debt: Liquid 2.44 0.01 0.06 0.29 1.00 2.31 5.11 6.32 6.68 7.37 7.76
Rank within category 10 9 12 15 11 10 7 6 6 6 7
Number of funds in category 42 42 42 42 42 42 42 36 35 34 31

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Liquid Fund  | Invest Online
4 star
 Oct-09 5.53 6.66 6.98 0.22 27,032
ICICI Prudential Liquid Fund  | Invest Now
4 star
 Nov-05 5.52 6.61 6.95 0.32 57,335
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
 Mar-04 5.58 6.66 6.99 0.30 36,679
Nippon India Liquid Fund  | Invest Online
5 star
 Dec-03 5.54 6.67 6.99 0.28 30,604
Tata Liquid Fund - Regular Plan  | Invest Online
4 star
 Sep-04 5.52 6.64 6.97 0.32 17,858

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) 0.94 (15-Oct-2009 - 14-Jan-2010)
Year 9.89 (12-Aug-2011 - 13-Aug-2012) 4.80 (11-Oct-2009 - 11-Oct-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.50 0.29 4.15 5.53 0.53 1.85
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Liquid 6.19 0.50 3.21 4.32 0.56 1.58
Rank within category 6 12 8 11 31 5
Number of funds in category 36 36 36 36 36 36

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 72 140 72 40
Modified Duration (yrs) 0.13 0.16 0.08 --
Average Maturity (yrs) 0.13 0.17 0.09 --
Yield to Maturity (%) 3.78 6.52 3.78 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 20.44 20.44
equal Reserve Bank of India 91-D 13/08/2020 Treasury Bills SOV 0.00 - 6.01 6.01
up Reserve Bank of India 91-D 27/08/2020 Treasury Bills SOV 0.00 - 4.95 4.95
up Reliance Industries 86-D 30/07/2020 Commercial Paper A1+ 0.00 - 4.61 4.61
new Reserve Bank of India 91-D 24/09/2020 Treasury Bills SOV 0.00 - 3.67 3.67
new Larsen & Toubro 90-D 27/08/2020 Commercial Paper A1+ 0.00 - 3.40 3.40
new National Housing Bank 90-D 28/09/2020 Commercial Paper A1+ 0.00 - 2.75 2.75
equal Reliance Jio Infocomm 91-D 24/07/2020 Commercial Paper A1+ 0.00 - 1.91 1.85
new Reliance Jio Infocomm 91-D 21/09/2020 Commercial Paper A1+ 0.00 - 1.84 1.84
equal Reserve Bank of India 364-D 14/08/2020 Treasury Bills SOV 0.00 - 1.84 1.84
equal Ultratech Cement 91-D 04/08/2020 Commercial Paper A1+ 0.00 - 1.84 1.84
new Reliance Jio Infocomm 91-D 23/09/2020 Commercial Paper A1+ 0.00 - 1.83 1.83
new Reserve Bank of India 182-D 23/07/2020 Treasury Bills SOV 0.00 - 1.66 1.66
new Ultratech Cement 90-D 24/09/2020 Commercial Paper A1+ 0.00 - 1.56 1.56
new Reserve Bank of India 364-D 24/09/2020 Treasury Bills SOV 0.00 - 1.40 1.40
equal Tata Motors Finance 87-D 24/08/2020 Commercial Paper A1+ 0.00 - 1.29 1.29
equal Reserve Bank of India 91-D 16/07/2020 Treasury Bills SOV 0.00 - 1.11 1.11
equal Tata Capital Financial Services 91-D 22/07/2020 Commercial Paper A1+ 0.00 - 1.14 1.11
equal Tata Capital Housing Finance 91-D 29/07/2020 Commercial Paper A1+ 0.00 - 1.14 1.11
new Cholamandalam Invest. & Fin. 56-D 31/07/2020 Commercial Paper A1+ 0.00 - 1.11 1.11
new Nabha Power 91-D 07/09/2020 Commercial Paper A1+ 0.00 - 1.10 1.10
equal Aditya Birla Housing Finance 88-D 14/08/2020 Commercial Paper A1+ 0.00 - 1.10 1.10
equal Ultratech Cement 90-D 24/08/2020 Commercial Paper A1+ 0.00 - 1.10 1.10
new SBI Cards & Payments Services 91-D 21/09/2020 Commercial Paper A1+ 0.00 - 1.10 1.10
equal Reliance Jio Infocomm 91-D 17/08/2020 Commercial Paper A1+ 0.00 - 1.10 1.10

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 30-Jun-2020

*As on 31-May-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.

Funds Managed:

Invest Online
0.01%

Change from previous, NAV as on 12-Jul-2020

Growth: ₹ 2,222.1776

Dividend Weekly: ₹ 1,002.6465

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Dividend Monthly: ₹ 1,002.8151

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: 7.70%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 27,032 Cr (As on 30-Jun-2020)
Expense: 0.22% (As on 31-May-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Jul-20200.0872

 11-Jul-20200.0873
 10-Jul-20200.0850
 09-Jul-20200.1201
 08-Jul-20200.0964
 07-Jul-20200.0786
 06-Jul-20200.0513
 05-Jul-20200.0853
 04-Jul-20200.0856
 03-Jul-20200.0590
 02-Jul-20200.0808
 01-Jul-20200.1497
 30-Jun-20200.1276
 29-Jun-20200.0914
 28-Jun-20200.0851
 27-Jun-20200.0849
 26-Jun-20200.0808
 25-Jun-20200.1136
 24-Jun-20200.1401
 23-Jun-20200.1071
 22-Jun-20200.1125
 21-Jun-20200.0872
 20-Jun-20200.0873
 19-Jun-20200.1335
 18-Jun-20200.1257
Dividend Weekly06-Jul-20200.6401

 29-Jun-20200.7038
 22-Jun-20200.7660
 15-Jun-20200.8377
 08-Jun-20200.5580
 01-Jun-20200.4629
 26-May-20201.1242
 18-May-20201.1864
 11-May-20201.0557
 04-May-20200.5847
 27-Apr-20201.1192
 20-Apr-20201.2911
 13-Apr-20200.8119
 07-Apr-20201.3987
 30-Mar-20202.1808
 16-Mar-20200.6362
 09-Mar-20201.0160
 02-Mar-20200.6711
 24-Feb-20200.7020
 17-Feb-20200.7532
 10-Feb-20200.7334
 03-Feb-20200.7194
 27-Jan-20200.7064
 20-Jan-20200.6882
 13-Jan-20200.6187
Dividend Monthly25-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
 26-Nov-20184.7963
 25-Oct-20184.4770
 25-Sep-20183.9839
 27-Aug-20184.6624
 25-Jul-20184.3855
 25-Jun-20184.5501

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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