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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 3.73 0.01 0.06 0.28 0.83 1.82 4.69 6.32 6.70 7.32 7.87
CCIL T Bill Liquidity Weight 2.75 0.00 0.04 0.27 0.60 1.26 3.28 3.94 4.14 4.58 4.76
Debt: Liquid 3.43 0.01 0.06 0.27 0.81 1.73 4.33 5.98 6.40 7.09 7.67
Rank within category 8 6 11 7 6 12 8 6 6 6 6
Number of funds in category 42 42 42 42 42 42 42 36 35 34 31

As on 28-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Liquid Fund
4 star
Oct-09 4.69 6.32 6.70 0.25 24,817
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 4.67 6.28 6.66 0.32 44,170
Aditya Birla Sun Life Liquid Fund  | Invest Online
5 star
Mar-04 4.70 6.33 6.71 0.31 32,611
Nippon India Liquid Fund  | Invest Online
5 star
Dec-03 4.67 6.33 6.70 0.30 24,930
UTI Liquid Cash Fund - Regular Plan  | Invest Online
4 star
Dec-03 4.57 6.27 6.66 0.24 24,597

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) 0.80 (25-Jun-2020 - 24-Sep-2020)
Year 9.89 (12-Aug-2011 - 13-Aug-2012) 4.71 (24-Oct-2019 - 23-Oct-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.23 0.39 2.99 3.90 0.79 2.09
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Liquid 5.91 0.56 2.34 3.12 0.78 1.75
Rank within category 6 18 8 5 30 3
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 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 73 140 72 36
Modified Duration (yrs) 0.12 0.16 0.08 0.10
Average Maturity (yrs) 0.12 0.17 0.09 0.09
Yield to Maturity (%) 3.36 5.44 3.32 3.38
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new National Bank Agr. Rur. Devp 87-D 24/12/2020 Commercial Paper A1+ 0.00 - 8.00 8.00
down Reserve Bank of India 182-D 15/10/2020 Treasury Bills SOV 0.00 - 7.60 6.54
new Reserve Bank of India 182-D 26/11/2020 Treasury Bills SOV 0.00 - 6.01 6.01
down Reserve Bank of India 91-D 29/10/2020 Treasury Bills SOV 0.00 - 5.41 5.41
new Reserve Bank of India 91-D 03/12/2020 Treasury Bills SOV 0.00 - 5.21 5.21
equal Reserve Bank of India 91-D 05/11/2020 Treasury Bills SOV 0.00 - 4.76 4.76
up Reserve Bank of India 91-D 26/11/2020 Treasury Bills SOV 0.00 - 4.13 4.13
new Reserve Bank of India 91-D 01/10/2020 Treasury Bills SOV 0.00 - 4.03 4.03
new HDFC 37-D 28/10/2020 Commercial Paper A1+ 0.00 - 4.02 4.02
new Reserve Bank of India 91-D 10/12/2020 Treasury Bills SOV 0.00 - 3.00 3.00
equal Reserve Bank of India 91-D 22/10/2020 Treasury Bills SOV 0.00 - 2.96 2.96
up Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 2.35 2.35
equal Reserve Bank of India 182-D 12/11/2020 Treasury Bills SOV 0.00 - 2.11 2.11
equal Reserve Bank of India 91-D 12/11/2020 Treasury Bills SOV 0.00 - 2.09 2.09
equal Reserve Bank of India 91-D 15/10/2020 Treasury Bills SOV 0.00 - 2.01 2.01
new Godrej & Boyce Mfg. Co. 90-D 24/12/2020 Commercial Paper A1+ 0.00 - 2.00 2.00
new Reliance Retail Ventures 91-D 07/12/2020 Commercial Paper A1+ 0.00 - 2.00 2.00
new National Fertilizers 90-D 16/12/2020 Commercial Paper A1+ 0.00 - 1.80 1.80
equal Reliance Industries 91-D 28/10/2020 Commercial Paper A1+ 0.00 - 1.61 1.61
equal Export-Import Bank 91-D 13/10/2020 Certificate of Deposit A1+ 0.00 - 1.41 1.41
equal Reliance Jio Infocomm 91-D 16/10/2020 Commercial Paper A1+ 0.00 - 1.41 1.41
equal Reliance Industries 91-D 03/11/2020 Commercial Paper A1+ 0.00 - 1.41 1.41
equal Hero FinCorp 70-D 22/10/2020 Commercial Paper A1+ 0.00 - 1.01 1.01
equal Ultratech Cement 88-D 20/11/2020 Commercial Paper A1+ 0.00 - 1.00 1.00
equal Larsen & Toubro 91-D 11/11/2020 Commercial Paper A1+ 0.00 - 1.00 1.00

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-Sep-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 28-Oct-2020

Growth: ₹ 2,243.5730

Dividend Weekly: ₹ 1,002.2491

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Dividend Monthly: ₹ 1,001.4355

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: 7.58%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 24,817 Cr (As on 30-Sep-2020)
Expense: 0.25% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily28-Oct-20200.0938

 27-Oct-20200.0638
 26-Oct-20200.0736
 25-Oct-20200.0813
 24-Oct-20200.0812
 23-Oct-20200.0882
 22-Oct-20200.0839
 21-Oct-20200.0985
 20-Oct-20200.1004
 19-Oct-20200.1047
 18-Oct-20200.0842
 17-Oct-20200.0841
 16-Oct-20200.1017
 15-Oct-20200.1043
 14-Oct-20200.1036
 13-Oct-20200.1062
 12-Oct-20200.0825
 11-Oct-20200.0867
 10-Oct-20200.0867
 09-Oct-20200.0966
 08-Oct-20200.0876
 07-Oct-20200.0962
 06-Oct-20200.0960
 05-Oct-20200.0865
 04-Oct-20200.0880
Dividend Monthly26-Oct-20202.9501

 25-Sep-20202.6167
 25-Aug-20202.6157
 27-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
Dividend Weekly26-Oct-20200.6080

 19-Oct-20200.6896
 12-Oct-20200.6331
 05-Oct-20200.7226
 28-Sep-20200.6557
 21-Sep-20200.6117
 14-Sep-20200.5044
 07-Sep-20200.6116
 31-Aug-20200.5720
 24-Aug-20200.6496
 17-Aug-20200.6970
 10-Aug-20200.6441
 03-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

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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