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5 star

Axis Treasury Advantage Fund


Debt: Low Duration

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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(₹)
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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 6.42 0.00 0.16 0.65 1.30 4.21 7.70 7.83 7.73 8.05 8.41
CCIL T Bill Liquidity Weight 2.70 0.02 0.06 0.24 0.60 1.32 3.29 3.94 4.14 4.58 4.77
Debt: Low Duration 5.43 0.00 0.14 0.64 1.30 4.75 6.31 5.09 6.12 6.72 7.44
Rank within category 9 11 4 10 11 10 8 3 4 4 3
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 21-Oct-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 7.70 7.83 7.73 0.61 8,146
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 8.50 7.98 8.14 0.55 19,922
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 7.93 7.64 7.65 1.22 13,927
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 7.17 7.55 7.60 1.10 9,746
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 8.44 7.87 8.08 1.12 8,418

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 7.54 0.90 2.74 6.94 0.95 3.58
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Low Duration 5.14 4.37 1.09 2.26 -0.74 -0.78
Rank within category 3 5 1 1 18 3
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 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 131 135 88 53
Modified Duration (yrs) 0.81 1.10 0.70 0.79
Average Maturity (yrs) 0.90 1.20 0.78 0.90
Yield to Maturity (%) 4.25 6.52 4.16 4.79
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 Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 5.40 4.23
up Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 6.58 3.97
down Reserve Bank of India 182-D 12/11/2020 Treasury Bills SOV 0.00 - 5.60 3.30
equal Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 4.47 2.75
new 8.79% GOI 2021 Central Government Loan SOV 0.00 - 2.58 2.58
up Reserve Bank of India 182-D 17/12/2020 Treasury Bills SOV 0.00 - 2.66 2.50
new Larsen & Toubro 270-D 26/02/2021 Commercial Paper A1+ 0.00 - 2.42 2.42
equal 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 2.51 2.31
new Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 1.81 1.81
up Larsen & Toubro 247-D 26/03/2021 Commercial Paper A1+ 0.00 - 1.81 1.81
equal 8.70% HDFC 15/12/2020 Debenture AAA 1.29 - 2.15 1.65
equal 7.35% Mahindra Rural Housing Finance 2022 Debenture AA+ 0.00 - 1.68 1.54
equal M&M Financial Services 23/07/2021 Debenture AAA 0.00 - 1.94 1.52
up Export-Import Bank 188-D 04/01/2021 Certificate of Deposit A1+ 0.00 - 1.52 1.52
up Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 1.51 1.51
new Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 1.45 1.45
equal Muthoot Finance 2021 Non Convertible Debenture AA 0.00 - 1.53 1.39
up Tata Capital Financial Services 26/10/2021 Debenture AAA 0.00 - 1.38 1.38
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 2.65 1.32
new 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 1.24 1.24
equal Reserve Bank of India 182-D 26/11/2020 Treasury Bills SOV 0.00 - 1.33 1.22
equal Larsen & Toubro 91-D 26/11/2020 Commercial Paper A1+ 0.00 - 1.33 1.22
new Reserve Bank of India 182-D 11/03/2021 Treasury Bills SOV 0.00 - 1.21 1.21
equal Reliance Retail Ventures 188-D 04/03/2021 Commercial Paper A1+ 0.00 - 1.32 1.21
new 7.35% Aadhar Housing Finance 28/02/2022 Debenture AA 0.00 - 1.16 1.16

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 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:


0.00%

Change from previous, NAV as on 21-Oct-2020

Growth: ₹ 2,361.6789

Dividend Weekly: ₹ 1,012.3261

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Dividend Monthly: ₹ 1,015.6707

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: ₹ 8,146 Cr (As on 30-Sep-2020)
Expense: 0.61% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily21-Oct-20200.0016

 20-Oct-20200.6918
 19-Oct-20200.5394
 16-Oct-20200.0991
 15-Oct-20200.2537
 14-Oct-20200.1569
 13-Oct-20200.3248
 12-Oct-20200.4132
 09-Oct-20200.8914
 08-Oct-20200.2147
 07-Oct-20200.3363
 06-Oct-20200.3911
 05-Oct-20200.6056
 01-Oct-20200.3693
 30-Sep-20200.3674
 29-Sep-20200.1468
 28-Sep-20200.2668
 25-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
Dividend Weekly19-Oct-20201.3725

 12-Oct-20202.2452
 05-Oct-20201.4873
 28-Sep-20200.8054
 21-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
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

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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