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Axis Treasury Advantage Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.39 -0.01 0.08 1.19 2.00 3.74 8.14 7.69 7.80 8.14 8.33
CCIL T Bill Liquidity Weight 1.80 0.04 0.01 0.27 1.09 1.99 4.11 4.21 4.39 4.73 4.79
Debt: Low Duration 0.81 -0.06 0.02 0.30 -0.27 1.10 4.70 4.36 5.66 6.43 6.90
Rank within category 5 15 10 7 6 6 8 2 5 4 2
Number of funds in category 24 24 24 24 24 24 24 24 23 21 15

As on 05-Jun-2020

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 3.03 (24-Jul-2013 - 23-Oct-2013) -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 7.45 0.84 2.46 6.03 1.26 3.63
CCIL T Bill Liquidity Weight 4.15 0.27 -4.64 -8.65 -- --
Debt: Low Duration 4.47 3.69 0.86 1.69 0.71 -0.04
Rank within category 2 5 3 1 15 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-May-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 99 128 43 42
Modified Duration (yrs) 0.92 1.10 0.70 --
Average Maturity (yrs) 1.03 1.20 0.78 --
Yield to Maturity (%) 6.26 7.87 5.87 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Grasim Industries 316-D 22/09/2020 Commercial Paper A1+ 0.00 - 6.89 6.89
up 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.73 - 5.01 5.01
up 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 3.71 3.71
equal National Bank Agr. Rur. Devp 151-D 22/06/2020 Commercial Paper A1+ 0.00 - 3.51 3.22
new Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 3.08 3.08
up 7.55% HDB Financial Services 20/01/2023 Debenture AAA 0.00 - 2.16 2.16
equal Punjab National Bank 2020 Certificate of Deposit A1+ 0.00 - 2.23 2.05
equal First Business Receivable Trust Securitised Debt AAA 0.24 - 0.41 1.98
new 8.40% Larsen & Toubro 24/09/2020 Debenture AAA 0.00 - 1.97 1.97
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.00 - 2.16 1.96
equal 8.53% Power Finance Corp. 24/07/2020 Bonds/Debentures AAA 0.00 - 2.11 1.93
equal 7.10% Bajaj Finance 2023 Debenture AAA 0.00 - 1.99 1.82
up 8.50% REC 20/12/2021 Bonds/NCDs AAA 0.00 - 1.65 1.65
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 3.97 1.64
equal REC 13/12/2022 Debenture AAA 0.00 - 1.78 1.62
equal ICICI Bank 31/12/2020 Certificate of Deposit A1+ 0.00 - 1.70 1.57
equal Barclays Investments & Loans 270-D 23/11/2020 Commercial Paper A1+ 0.00 - 1.69 1.56
new Grasim Industries 333-D 26/03/2021 Commercial Paper A1+ 0.00 - 1.54 1.54
new HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 1.54 1.54
equal 6.70% IRFC 24/11/2021 Bonds/NCDs AAA 0.00 - 1.67 1.53
down 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 2.25 1.51
equal Bajaj Housing Finance 366-D 29/01/2021 Commercial Paper A1+ 0.00 - 1.57 1.44
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.00 - 1.66 1.41
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.00 - 1.53 1.40
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 2.26 1.40

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 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:


-0.01%

Change from previous, NAV as on 05-Jun-2020

Growth: ₹ 2,294.3706

Dividend Weekly: ₹ 1,008.2540

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Dividend Monthly: ₹ 1,006.7240

Dividend Daily: ₹ 1,006.2530


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: 8.10%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,625 Cr (As on 30-Apr-2020)
Expense: 0.58% (As on 30-Apr-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily04-Jun-20200.2756

 03-Jun-20200.3841
 27-May-20200.1666
 26-May-20201.0313
 22-May-20201.7634
 21-May-20200.7500
 20-May-20200.6084
 19-May-20200.7368
 18-May-20201.1466
 15-May-20200.5206
 14-May-20200.5155
 13-May-20200.8322
 12-May-20201.2443
 11-May-20200.0279
 08-May-20201.0494
 06-May-20200.2194
 23-Apr-20200.7016
 22-Apr-20200.4376
 21-Apr-20200.6160
 20-Apr-20201.3835
 17-Apr-20202.2128
 03-Apr-20200.4599
 31-Mar-20200.5287
 30-Mar-20200.4438
 27-Mar-20201.0444
Dividend Weekly01-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
 24-Feb-20200.3873
 17-Feb-20200.9105
 10-Feb-20202.1023
 03-Feb-20200.8961
 27-Jan-20201.3172
 20-Jan-20200.5987
 13-Jan-20200.9538
 06-Jan-20201.2097
 30-Dec-20190.5666
 23-Dec-20191.1920
 16-Dec-20190.3770
 02-Dec-20191.1271
 25-Nov-20191.0711
 18-Nov-20191.3198
 11-Nov-20190.5142
Dividend Monthly26-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
 25-Jul-20184.6328
 25-Jun-20185.8698
 25-May-20181.4930
 25-Apr-20183.9278

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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