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Axis Treasury Advantage Fund

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Debt: Low Duration

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1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

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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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 5.78 0.01 0.09 0.38 1.45 5.92 7.91 7.79 7.77 8.09 8.40
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 3.99 4.17 4.65 4.76
Debt: Low Duration 4.83 0.01 0.10 0.40 3.53 6.16 6.58 5.06 6.09 6.77 7.43
Rank within category 8 15 15 14 14 7 8 3 4 4 3
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 25-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Treasury Advantage Fund  | Invest Online
5 star
 Oct-09 7.91 7.79 7.77 0.61 7,439
ICICI Prudential Savings Fund  | Invest Now
4 star
 Sep-02 8.58 7.91 8.15 0.55 19,725
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
 May-98 8.05 7.56 7.66 1.22 14,808
SBI Magnum Low Duration Fund  | Invest Online
5 star
 Jul-07 7.38 7.51 7.63 1.07 10,361
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
 Mar-08 8.57 7.82 8.09 1.12 9,297

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.78 (24-Mar-2020 - 31-Mar-2020) -1.04 (12-Mar-2020 - 19-Mar-2020)
Month 2.37 (24-Mar-2020 - 23-Apr-2020) -1.15 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.37 (24-Mar-2020 - 24-Jun-2020) -0.05 (24-Dec-2019 - 24-Mar-2020)
Year 10.02 (26-Jul-2013 - 28-Jul-2014) 5.00 (12-Oct-2009 - 12-Oct-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.57 0.90 2.70 6.90 0.85 3.42
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Low Duration 5.15 4.37 1.06 2.22 -0.82 -0.94
Rank within category 2 5 2 1 18 2
Number of funds in category 25 25 25 25 25 25

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

As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 122 128 71 55
Modified Duration (yrs) 0.75 1.10 0.70 0.78
Average Maturity (yrs) 0.83 1.20 0.78 0.91
Yield to Maturity (%) 4.16 6.52 4.16 4.92
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 Reserve Bank of India 182-D 12/11/2020 Treasury Bills SOV 0.00 - 5.60 5.60
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 5.40 4.61
down Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 6.58 4.27
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.73 - 5.01 3.10
equal Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 4.47 3.00
new Reserve Bank of India 182-D 17/12/2020 Treasury Bills SOV 0.00 - 2.66 2.66
up 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 2.51 2.51
down Reserve Bank of India 91-D 29/10/2020 Treasury Bills SOV 0.00 - 5.33 1.87
equal 8.70% HDFC 15/12/2020 Debenture AAA 1.29 - 2.89 1.81
down Grasim Industries 316-D 22/09/2020 Commercial Paper A1+ 0.00 - 6.89 1.68
new 7.35% Mahindra Rural Housing Finance 2022 Debenture AA+ 0.00 - 1.68 1.68
equal M&M Financial Services 23/07/2021 Debenture AAA 0.00 - 1.94 1.66
new Muthoot Finance 2021 Non Convertible Debenture AA 0.00 - 1.53 1.53
new Reserve Bank of India 182-D 31/12/2020 Treasury Bills SOV 0.00 - 1.33 1.33
new Reserve Bank of India 182-D 26/11/2020 Treasury Bills SOV 0.00 - 1.33 1.33
new Larsen & Toubro 91-D 26/11/2020 Commercial Paper A1+ 0.00 - 1.33 1.33
equal Reserve Bank of India 182-D 24/12/2020 Treasury Bills SOV 0.00 - 1.99 1.33
new Reliance Retail Ventures 188-D 04/03/2021 Commercial Paper A1+ 0.00 - 1.32 1.32
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.00 - 2.16 1.26
equal 8.40% Larsen & Toubro 24/09/2020 Debenture AAA 0.00 - 1.97 1.21
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 1.39 1.18
equal Export-Import Bank 218-D 04/03/2021 Commercial Paper A1+ 0.00 - 1.31 1.12
down First Business Receivable Trust Securitised Debt AAA 0.20 - 0.41 1.10
equal 6.60% REC 21/03/2022 Debenture AAA 0.00 - 1.22 1.03
equal Barclays Investments & Loans 270-D 23/11/2020 Commercial Paper A1+ 0.00 - 1.69 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 31-Aug-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 07-Jun-2016

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:

Invest Online
0.01%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 2,347.5763

Dividend Weekly: ₹ 1,012.1726

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Dividend Monthly: ₹ 1,009.6058

Dividend Daily: ₹ 1,013.2484

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 short term debt securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 09-Oct-2009
Return Since Launch: 8.09%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 7,439 Cr (As on 31-Aug-2020)
Expense: 0.61% (As on 31-Aug-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Sep-20200.0694

 24-Sep-20200.1139
 23-Sep-20200.0809
 22-Sep-20200.2754
 21-Sep-20200.3291
 18-Sep-20200.2180
 17-Sep-20200.1526
 16-Sep-20200.3732
 07-Sep-20200.1018
 04-Sep-20200.1166
 03-Sep-20200.2665
 02-Sep-20200.1385
 01-Sep-20200.6927
 31-Aug-20200.3957
 20-Aug-20200.3918
 19-Aug-20200.1847
 18-Aug-20200.2321
 17-Aug-20200.4454
 14-Aug-20200.1151
 13-Aug-20200.5175
 12-Aug-20200.1069
 05-Aug-20200.1649
 04-Aug-20200.2668
 03-Aug-20200.2800
 31-Jul-20200.4744
Dividend Monthly25-Sep-20203.8028

 25-Aug-20202.8499
 27-Jul-20207.8775
 25-Jun-20205.7871
 26-May-202011.8744
 27-Apr-20208.9249
 25-Feb-20204.3184
 27-Jan-20204.5032
 26-Dec-20192.8482
 25-Nov-20194.7668
 25-Oct-20196.3360
 25-Sep-20193.3557
 26-Aug-20196.8622
 25-Jul-20196.1413
 25-Jun-20193.9995
 27-May-20197.0591
 25-Apr-20194.3905
 25-Mar-20195.8088
 25-Feb-20194.7128
 25-Jan-20195.4450
 26-Dec-20185.8103
 26-Nov-20185.3030
 25-Oct-20185.8529
 25-Sep-20181.1220
 27-Aug-20184.6258
Dividend Weekly21-Sep-20201.0715

 07-Sep-20201.3144
 31-Aug-20201.0076
 24-Aug-20200.1950
 17-Aug-20201.4072
 10-Aug-20200.2075
 03-Aug-20200.9158
 27-Jul-20200.0780
 20-Jul-20201.4097
 13-Jul-20202.4364
 06-Jul-20201.5650
 29-Jun-20202.3722
 22-Jun-20201.7737
 15-Jun-20202.6752
 08-Jun-20200.8347
 01-Jun-20200.0687
 26-May-20203.4266
 18-May-20204.2652
 11-May-20202.6150
 04-May-20200.4385
 20-Apr-20204.5165
 07-Apr-20200.2789
 30-Mar-20201.8039
 09-Mar-20200.8023
 02-Mar-20200.3980

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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