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Axis Liquid Fund


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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(₹)
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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 2.30 0.00 0.06 0.41 1.44 2.76 5.91 6.78 7.09 7.68 7.97
CCIL T Bill Liquidity Weight 1.78 0.02 0.00 0.25 1.20 2.00 4.16 4.23 4.40 4.73 4.80
Debt: Liquid 2.04 0.01 0.05 0.35 1.23 2.48 5.47 6.44 6.79 7.45 7.80
Rank within category 5 32 9 14 5 5 7 4 5 7 8
Number of funds in category 42 42 42 42 42 42 42 36 35 34 29

As on 29-May-2020

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 6.58 0.25 4.71 6.83 0.40 1.69
CCIL T Bill Liquidity Weight 4.15 0.27 -4.64 -8.65 -- --
Debt: Liquid 6.26 0.47 3.60 5.39 0.45 1.44
Rank within category 4 10 7 8 30 5
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-May-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 92 150 78 48
Modified Duration (yrs) 0.10 0.16 0.08 --
Average Maturity (yrs) 0.11 0.17 0.09 --
Yield to Maturity (%) 4.63 6.84 4.49 --

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 Treasury Bills SOV 0.00 - 7.35 7.35
down Reserve Bank of India 91-D 21/05/2020 Treasury Bills SOV 0.00 - 9.95 5.31
equal Reserve Bank of India 91-D 04/06/2020 Treasury Bills SOV 0.00 - 4.97 3.85
down HDFC 84-D 15/06/2020 Commercial Paper A1+ 0.00 - 4.95 3.65
up Reserve Bank of India 77-D Treasury Bills SOV 0.00 - 3.08 3.08
equal Reliance Industries 91-D 15/06/2020 Commercial Paper A1+ 0.00 - 3.71 2.88
equal Reserve Bank of India 91-D 28/05/2020 Treasury Bills SOV 0.00 - 3.41 2.65
equal National Bank Agr. Rur. Devp 88-D 15/05/2020 Commercial Paper A1+ 0.00 - 3.24 2.51
new Union Bank of India 2020 Certificate of Deposit A1+ 0.00 - 2.02 2.02
new Chennai Petroleum Corp. 61-D 03/06/2020 Commercial Paper A1+ 0.00 - 1.93 1.93
new HPCL 41-D 26/05/2020 Commercial Paper A1+ 0.00 - 1.93 1.93
equal Federal Bank 2020 Certificate of Deposit A1+ 0.00 - 2.48 1.92
new Indian Oil Corp. 80-D 26/06/2020 Commercial Paper A1+ 0.00 - 1.92 1.92
new Reliance Jio Infocomm 91-D 24/07/2020 Commercial Paper A1+ 0.00 - 1.91 1.91
new Ultratech Cement 57-D 26/06/2020 Commercial Paper A1+ 0.00 - 1.83 1.83
new Chennai Petroleum Corp. 72-D 18/06/2020 Commercial Paper A1+ 0.00 - 1.83 1.83
equal Nabha Power 90-D 18/05/2020 Commercial Paper A1+ 0.00 - 2.11 1.64
new ICICI Securities Primary Dealership 60-D 19/06/2020 Commercial Paper A1+ 0.00 - 1.54 1.54
equal SAIL 75-D 19/05/2020 Commercial Paper A1+ 0.00 - 1.99 1.54
new Indian Oil Corp. 78-D 30/06/2020 Commercial Paper A1+ 0.00 - 1.54 1.54
new 9.11% LIC Housing Fin. 19/06/2020 Non Convertible Debenture AAA 0.00 - 1.40 1.40
up Reserve Bank of India 91-D 30/06/2020 Treasury Bills SOV 0.00 - 1.38 1.38
down Reliance Industries 179-D 29/05/2020 Commercial Paper A1+ 0.00 - 2.48 1.25
equal Tata Capital Financial Services 91-D 08/06/2020 Commercial Paper A1+ 0.00 - 1.49 1.15
new Indian Oil Corp. 60-D 12/06/2020 Commercial Paper A1+ 0.00 - 1.15 1.15

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-Apr-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 31-May-2020

Growth: ₹ 2,212.9871

Dividend Weekly: ₹ 1,002.4606

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Dividend Monthly: ₹ 1,001.6468

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: 7.75%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 25,860 Cr (As on 30-Apr-2020)
Expense: 0.18% (As on 30-Apr-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily31-May-20200.0986

 30-May-20200.0985
 29-May-20200.0390
 28-May-20200.0486
 27-May-20200.0842
 26-May-20200.1314
 25-May-20200.0978
 24-May-20200.0979
 23-May-20200.0979
 22-May-20200.2246
 21-May-20200.1473
 20-May-20200.1939
 19-May-20200.1320
 18-May-20200.1642
 17-May-20200.1066
 16-May-20200.1065
 15-May-20200.1886
 14-May-20200.1686
 13-May-20200.2027
 12-May-20200.2478
 11-May-20200.1476
 10-May-20200.1178
 09-May-20200.1178
 08-May-20200.1597
 07-May-20200.1180
Dividend Monthly26-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
 25-May-20183.9472
Dividend Weekly26-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
 06-Jan-20200.7845
 30-Dec-20190.7222
 23-Dec-20190.7164
 16-Dec-20190.7194
 09-Dec-20190.6504
 02-Dec-20190.7661

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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