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:
|CCIL T Bill Liquidity Weight||1.06||0.04||0.19||0.48||1.06||1.96||4.08||4.14||4.40||4.76||4.73|
|Rank within category||10||24||25||9||10||8||9||4||7||7||8|
|Number of funds in category||42||42||42||42||42||42||41||36||35||34||29|
As on 03-Apr-2020
|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)|
|CCIL T Bill Liquidity Weight||4.07||0.27||-5.49||-9.70||--||--|
|Rank within category||4||12||5||9||26||8|
|Number of funds in category||36||36||36||35||36||36|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Mar-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||106||167||106||51|
|Modified Duration (yrs)||0.10||0.16||0.08||0.07|
|Average Maturity (yrs)||0.10||0.18||0.09||0.07|
|Yield to Maturity (%)||5.44||7.29||5.26||5.42|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Reserve Bank of India 91-D 21/05/2020||Treasury Bills||SOV||0.00 - 6.40||6.40|
|Reserve Bank of India 91-D 05/03/2020||Treasury Bills||SOV||0.00 - 5.55||5.27|
|Reserve Bank of India 76-D 17/03/2020||Cash Management Bill||SOV||0.00 - 11.05||4.45|
|Reserve Bank of India 91-D 26/03/2020||Treasury Bills||SOV||0.00 - 4.75||3.64|
|Reserve Bank of India 70-D 17/03/2020||Treasury Bills||SOV||0.00 - 7.41||3.44|
|Reserve Bank of India 63-D 17/03/2020||Treasury Bills||SOV||0.00 - 6.20||3.43|
|Larsen & Toubro 48-D 24/03/2020||Commercial Paper||A1+||0.00 - 2.74||2.74|
|Reserve Bank of India 91-D 28/05/2020||Treasury Bills||SOV||0.00 - 2.19||2.19|
|Chennai Petroleum Corp. 57-D 31/03/2020||Commercial Paper||A1+||0.00 - 2.09||2.09|
|National Bank Agr. Rur. Devp 88-D 15/05/2020||Commercial Paper||A1+||0.00 - 2.08||2.08|
|IDFC First Bank 2020||Certificate of Deposit||A1+||0.00 - 1.70||1.62|
|Vedanta 91-D 26/03/2020||Commercial Paper||A1+||0.00 - 1.69||1.61|
|Indian Oil Corp. 67-D 13/04/2020||Commercial Paper||A1+||0.00 - 1.61||1.61|
|Vedanta 60-D 31/03/2020||Commercial Paper||A1+||0.00 - 1.61||1.61|
|Oriental Bank of Com. 2020||Certificate of Deposit||A1+||0.00 - 1.61||1.61|
|Oriental Bank of Com. 15/05/2020||Certificate of Deposit||A1+||0.00 - 1.60||1.60|
|Indian Oil Corp. 78-D 08/05/2020||Commercial Paper||A1+||0.00 - 1.60||1.60|
|Bajaj Housing Finance 91-D 18/03/2020||Commercial Paper||A1+||0.00 - 1.44||1.37|
|HPCL 88-D 03/03/2020||Commercial Paper||A1+||0.00 - 1.45||1.37|
|Nabha Power 90-D 18/05/2020||Commercial Paper||A1+||0.00 - 1.36||1.36|
|Larsen & Toubro 91-D 30/03/2020||Commercial Paper||A1+||0.00 - 1.29||1.29|
|Reliance Industries 35-D 24/03/2020||Commercial Paper||A1+||0.00 - 1.29||1.29|
|Power Finance Corp. 360-D 06/03/2020||Commercial Paper||A1+||0.00 - 1.36||1.29|
|Hindustan Zinc 44-D 27/03/2020||Commercial Paper||A1+||0.00 - 1.29||1.29|
|Reliance Jio Infocomm 91-D 15/04/2020||Commercial Paper||A1+||0.00 - 1.12||1.12|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 29-Feb-2020
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.
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.
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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.
|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.
|Fund House:||Axis Mutual Fund|
|Return Since Launch:||7.78%|
|Benchmark:||NIFTY Liquid Fund TRI|
|Assets:||₹ 30,919 Cr (As on 29-Feb-2020)|
|Expense:||0.18% (As on 29-Feb-2020)|
|Return Grade:||Above Average|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: Axis Asset Management Company Ltd.
Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]