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4 star

Axis Liquid Fund


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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(₹)
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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 2.96 0.01 0.07 0.27 0.97 2.43 5.26 6.57 6.91 7.56 7.93
CCIL T Bill Liquidity Weight 2.20 0.01 0.05 0.18 0.64 1.81 3.71 4.06 4.27 4.78 4.78
Debt: Liquid 2.72 0.01 0.06 0.27 0.91 2.21 4.92 6.22 6.61 7.34 7.74
Rank within category 10 18 10 13 15 10 10 6 6 8 7
Number of funds in category 40 40 40 40 40 40 40 36 35 34 31

As on 06-Aug-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 5.26 6.57 6.91 0.22 27,032
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 5.26 6.53 6.88 0.32 57,335
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
Mar-04 5.30 6.58 6.92 0.30 36,679
Nippon India Liquid Fund  | Invest Online
5 star
Dec-03 5.27 6.58 6.91 0.28 30,604
Tata Liquid Fund - Regular Plan  | Invest Online
4 star
Sep-04 5.27 6.55 6.89 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 6.40 0.33 3.58 4.42 0.63 1.93
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Liquid 6.07 0.50 2.77 3.47 0.65 1.62
Rank within category 6 17 8 10 30 4
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 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 72 140 72 39
Modified Duration (yrs) 0.15 0.16 0.08 --
Average Maturity (yrs) 0.15 0.17 0.09 --
Yield to Maturity (%) 3.38 6.01 3.38 --

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

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:


0.01%

Change from previous, NAV as on 06-Aug-2020

Growth: ₹ 2,226.9653

Dividend Weekly: ₹ 1,002.4005

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Dividend Monthly: ₹ 1,002.1678

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: 7.67%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 27,032 Cr (As on 30-Jun-2020)
Expense: 0.22% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily05-Aug-20200.1161

 04-Aug-20200.1005
 03-Aug-20200.0938
 02-Aug-20200.0891
 01-Aug-20200.0891
 31-Jul-20200.0876
 30-Jul-20200.0943
 29-Jul-20200.0738
 28-Jul-20200.0529
 27-Jul-20200.0700
 26-Jul-20200.0878
 25-Jul-20200.0878
 24-Jul-20200.0842
 23-Jul-20200.0922
 22-Jul-20200.1023
 21-Jul-20200.0793
 20-Jul-20200.0616
 19-Jul-20200.0937
 18-Jul-20200.0863
 17-Jul-20200.0832
 16-Jul-20200.0430
 15-Jul-20200.1203
 14-Jul-20200.0847
 13-Jul-20200.0891
 12-Jul-20200.0872
Dividend Weekly03-Aug-20200.5813

 27-Jul-20200.6043
 20-Jul-20200.5733
 13-Jul-20200.6444
 06-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
Dividend Monthly27-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
 26-Nov-20184.7963
 25-Oct-20184.4770
 25-Sep-20183.9839
 27-Aug-20184.6624
 25-Jul-20184.3855

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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