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Axis Liquid Fund

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Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

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 0.72 0.01 0.10 0.45 1.31 2.73 6.36 6.86 7.26 7.79 7.94
CCIL T Bill Liquidity Weight 0.55 0.04 0.10 0.36 0.91 1.88 4.15 4.15 4.46 4.78 4.71
Debt: Liquid 0.69 0.01 0.10 0.43 1.25 2.62 6.08 6.49 6.99 7.59 7.76
Rank within category 9 33 10 10 9 10 11 5 9 11 8
Number of funds in category 41 41 41 41 41 41 40 36 35 34 28

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.26 (30-Mar-2012 - 08-Apr-2012) -0.06 (09-Jul-2013 - 16-Jul-2013)
Month 0.92 (22-Mar-2012 - 23-Apr-2012) 0.29 (23-Nov-2009 - 23-Dec-2009)
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 6.68 0.22 4.66 6.89 0.37 1.61
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Liquid 6.34 0.51 3.67 6.02 0.52 1.51
Rank within category 5 14 8 10 27 7
Number of funds in category 36 36 36 34 36 36

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 114 167 107 55
Modified Duration (yrs) 0.10 0.16 0.08 0.08
Average Maturity (yrs) 0.10 0.18 0.09 0.09
Yield to Maturity (%) 5.38 7.29 5.26 5.37

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 70-D 17/03/2020 Treasury Bills SOV 0.00 - 7.41 7.41
new Reserve Bank of India 63-D 17/03/2020 Treasury Bills SOV 0.00 - 6.20 6.20
down National Bank Agr. Rur. Devp 91-D 12/03/2020 Commercial Paper A1+ 0.00 - 7.82 5.30
equal Reserve Bank of India 91-D 05/03/2020 Treasury Bills SOV 0.00 - 5.55 4.80
equal Reserve Bank of India 91-D 26/03/2020 Treasury Bills SOV 0.00 - 4.75 4.11
down Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 11.05 4.03
equal Bank of Baroda 18/02/2020 Certificate of Deposit A1+ 0.00 - 2.05 1.77
equal Ultratech Cement 60-D 11/02/2020 Commercial Paper A1+ 0.00 - 1.71 1.48
equal Aditya Birla Finance 77-D 28/02/2020 Commercial Paper A1+ 0.00 - 1.70 1.47
equal Grasim Industries 60-D 28/02/2020 Commercial Paper A1+ 0.00 - 1.70 1.47
equal IDFC First Bank 2020 Certificate of Deposit A1+ 0.00 - 1.70 1.47
equal Vedanta 91-D 26/03/2020 Commercial Paper A1+ 0.00 - 1.69 1.47
new Vedanta 60-D 31/03/2020 Commercial Paper A1+ 0.00 - 1.47 1.47
equal Kotak Mahindra Bank 2020 Certificate of Deposit A1+ 0.00 - 1.70 1.47
equal HPCL 88-D 03/03/2020 Commercial Paper A1+ 0.00 - 1.45 1.25
equal Bajaj Housing Finance 91-D 18/03/2020 Commercial Paper A1+ 0.00 - 1.44 1.25
equal Syndicate Bank 26/02/2020 Certificate of Deposit A1+ 0.00 - 1.36 1.18
equal HPCL 63-D 14/02/2020 Commercial Paper A1+ 0.00 - 1.37 1.18
new SBI Cards & Payments Services 30-D 20/02/2020 Commercial Paper A1+ 0.00 - 1.18 1.18
equal Power Finance Corp. 360-D 06/03/2020 Commercial Paper A1+ 0.00 - 1.36 1.18
down IDFC First Bank 2020 Certificate of Deposit A1+ 0.00 - 1.71 1.04
equal Reliance Jio Infocomm 81-D 03/02/2020 Commercial Paper A1+ 0.00 - 1.20 1.04
equal Larsen & Toubro 91-D 30/03/2020 Commercial Paper A1+ 0.00 - 1.19 1.03
equal Indian Oil Corp. 58-D 20/02/2020 Commercial Paper A1+ 0.00 - 1.19 1.03
new Reliance Jio Infocomm 91-D 15/04/2020 Commercial Paper A1+ 0.00 - 1.02 1.02

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-Jan-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:

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Change from previous, NAV as on 23-Feb-2020

Growth: ₹ 2,179.4196

Dividend Weekly: ₹ 1,002.9313

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Dividend Monthly: ₹ 1,004.7776

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: 7.80%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 33,800 Cr (As on 31-Jan-2020)
Expense: 0.16% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily20-Feb-20200.0865

 19-Feb-20200.1070
 18-Feb-20200.1040
 17-Feb-20200.1032
 16-Feb-20200.1022
 15-Feb-20200.1022
 14-Feb-20200.1011
 13-Feb-20200.1088
 12-Feb-20200.1077
 11-Feb-20200.1269
 10-Feb-20200.1059
 09-Feb-20200.1031
 08-Feb-20200.1031
 07-Feb-20200.1070
 06-Feb-20200.1088
 05-Feb-20200.1015
 04-Feb-20200.1031
 03-Feb-20200.0999
 02-Feb-20200.1024
 01-Feb-20200.1027
 31-Jan-20200.0977
 30-Jan-20200.1077
 29-Jan-20200.1038
 28-Jan-20200.1044
 27-Jan-20200.1014
Dividend Weekly17-Feb-20200.7532

 10-Feb-20200.7334
 03-Feb-20200.7194
 27-Jan-20200.7064
 20-Jan-20200.6882
 13-Jan-20200.6187
 06-Jan-20200.7845
 30-Dec-20190.7222
 23-Dec-20190.7164
 16-Dec-20190.7194
 09-Dec-20190.6504
 02-Dec-20190.7661
 25-Nov-20190.7510
 18-Nov-20190.7580
 11-Nov-20190.6690
 04-Nov-20190.6521
 29-Oct-20190.7408
 22-Oct-20190.8258
 14-Oct-20190.8140
 07-Oct-20190.8926
 30-Sep-20190.8588
 23-Sep-20190.6153
 16-Sep-20190.7815
 09-Sep-20190.6975
 03-Sep-20190.8804
Dividend Monthly27-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
 25-May-20183.9472
 25-Apr-20184.4821
 26-Mar-20183.9576
 26-Feb-20184.1960
 25-Jan-20183.9134

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: 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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