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Axis Treasury Advantage Fund

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Debt: Low Duration

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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(₹)
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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 1.28 0.01 0.10 0.42 1.20 1.94 6.41 7.46 7.28 7.63 8.19
CCIL T Bill Liquidity Weight 0.63 0.01 0.03 0.14 0.48 0.96 2.23 3.61 3.86 4.31 4.65
Debt: Low Duration 1.21 0.01 0.09 0.39 1.14 1.97 7.90 5.01 5.84 6.51 7.40
Rank within category 6 17 7 8 12 6 11 2 3 3 3
Number of funds in category 24 24 24 24 24 24 24 24 23 21 19

As on 05-May-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Treasury Advantage Fund
4 star
 Oct-09 6.41 7.46 7.28 0.61 8,537
ICICI Prudential Savings Fund  | Invest Now
5 star
 Sep-02 7.49 7.74 7.70 0.55 23,971
HDFC Low Duration Fund  | Invest Online
4 star
 Nov-99 7.35 7.26 7.17 1.04 19,554
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
 May-98 6.78 7.34 7.21 1.08 16,378
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
 Mar-08 7.16 7.42 7.55 1.14 12,542

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 7.25 0.95 3.03 6.76 1.21 3.86
CCIL T Bill Liquidity Weight 3.56 0.38 -2.17 -5.20 -- --
Debt: Low Duration 5.13 4.23 1.39 2.55 -0.60 0.26
Rank within category 2 5 1 1 19 2
Number of funds in category 24 24 24 24 24 24

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

As on 30-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 122 159 103 65
Modified Duration (yrs) 0.69 0.95 0.64 --
Average Maturity (yrs) 0.75 1.06 0.70 --
Yield to Maturity (%) 4.16 6.26 3.90 --
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
equal Reserve Bank of India 364-D 01/07/2021 Treasury Bills SOV 0.00 - 4.65 4.65
equal Reserve Bank of India 364-D 22/04/2021 Treasury Bills SOV 0.00 - 3.45 3.45
equal Reserve Bank of India 364-D 20/05/2021 Treasury Bills SOV 0.00 - 2.97 2.97
equal Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 2.91 2.91
new Reliance Jio Infocomm 91-D 07/06/2021 Commercial Paper A1+ 0.00 - 2.91 2.91
equal National Bank Agr. Rur. Devp 176-D 01/06/2021 Commercial Paper A1+ 0.00 - 2.33 2.33
up 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 2.23 2.23
equal 5.85% Cholamandalam Invest. & Fin. 21/03/2023 Debenture AA+ 0.00 - 1.81 1.81
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 1.78 1.78
equal 5.04% IRFC 2023 Debenture AAA 0.00 - 1.77 1.77
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 1.76 1.76
equal National Bank Agr. Rur. Devp 28/05/2021 Commercial Paper A1+ 0.00 - 1.75 1.75
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.57 - 1.61 1.61
equal 7.35% Mahindra Rural Housing Finance 2022 Debenture AA+ 0.00 - 1.68 1.48
equal SBI Cards & Payments Services 365-D 29/09/2021 Commercial Paper A1+ 0.00 - 1.44 1.44
equal 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 2.51 1.28
new 8.83% GOI 25/11/2023 Central Government Loan SOV 0.00 - 1.28 1.28
new 8.35% GOI 2022 GOI Securities SOV 0.00 - 1.23 1.23
equal 7.57% HDB Financial Services 16/02/2023 Non Convertible Debenture AAA 0.00 - 1.21 1.21
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.48 - 1.18 1.18
equal Barclays Investments & Loans 180-D 26/04/2021 Commercial Paper A1+ 0.00 - 1.17 1.17
equal 6.15% Aditya Birla Finance 30/05/2023 Debenture AAA 0.00 - 1.17 1.17
equal Jamnagar Utilities and Power 91-D 26/04/2021 Commercial Paper A1+ 0.00 - 1.17 1.17
new Reserve Bank of India 182-D 08/07/2021 Treasury Bills SOV 0.00 - 1.16 1.16
new Export-Import Bank 181-D 14/09/2021 Certificate of Deposit 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 31-Mar-2021

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.

Interviews:

Funds Managed:

0.01%

Change from previous, NAV as on 05-May-2021

Growth: ₹ 2,412.8306

IDCW Weekly: ₹ 1,011.8492

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IDCW Monthly: ₹ 1,010.9560

IDCW 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 09-Oct-2009
Return Since Launch: 7.90%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 8,537 Cr (As on 31-Mar-2021)
Expense: 0.61% (As on 31-Mar-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily04-May-20210.1174

 03-May-20210.3450
 30-Apr-20210.2537
 29-Apr-20210.1563
 28-Apr-20210.2477
 27-Apr-20210.1353
 26-Apr-20210.6145
 23-Apr-20210.3246
 22-Apr-20210.2804
 20-Apr-20210.1660
 19-Apr-20210.4268
 16-Apr-20210.0193
 15-Apr-20210.2522
 12-Apr-20210.3363
 09-Apr-20210.0341
 06-Apr-20210.4342
 05-Apr-20210.7499
 31-Mar-20210.4365
 30-Mar-20210.6302
 26-Mar-20210.1760
 25-Mar-20210.3580
 24-Mar-20210.2913
 23-Mar-20210.4872
 22-Mar-20210.4387
 19-Mar-20210.4642
IDCW Weekly03-May-20211.1371

 26-Apr-20211.3839
 19-Apr-20210.6974
 12-Apr-20210.8036
 05-Apr-20211.1850
 30-Mar-20211.9410
 22-Mar-20211.3479
 08-Mar-20210.6267
 01-Mar-20210.7272
 22-Feb-20210.9391
 15-Feb-20210.7327
 08-Feb-20210.2453
 11-Jan-20210.1539
 04-Jan-20211.3556
 28-Dec-20200.7763
 21-Dec-20200.3639
 14-Dec-20200.6021
 07-Dec-20200.5024
 01-Dec-20200.8278
 23-Nov-20201.3186
 17-Nov-20201.1011
 09-Nov-20201.3382
 02-Nov-20200.6125
 26-Oct-20201.4443
 19-Oct-20201.3725
IDCW Monthly26-Apr-20214.8745

 25-Mar-20213.2693
 25-Feb-20212.7860
 25-Jan-20211.2000
 28-Dec-20202.6511
 25-Nov-20204.7902
 26-Oct-20206.8193
 25-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

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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