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4 star

Axis Short Term Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is 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 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 6.43 0.08 0.40 1.82 4.20 6.24 11.63 8.39 8.44 8.46 8.46
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 4.18 4.33 4.71 4.78
Debt: Short Duration 4.98 0.07 0.39 1.60 2.95 4.79 8.78 5.97 6.97 7.45 7.79
Rank within category 8 8 14 7 12 8 5 4 4 5 5
Number of funds in category 27 27 27 27 27 27 27 24 24 23 21

As on 03-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Short Term Fund  | Invest Online
4 star
Jan-10 11.63 8.39 8.44 0.95 6,005
SBI Short Term Debt Fund
4 star
Jul-07 11.40 8.09 8.32 0.84 14,266
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 11.36 8.04 8.63 1.51 13,649
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 11.54 8.41 8.29 0.80 12,511
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
May-02 11.11 8.14 8.25 1.13 10,534

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.83 (24-Mar-2020 - 31-Mar-2020) -1.83 (12-Mar-2020 - 19-Mar-2020)
Month 3.72 (24-Mar-2020 - 23-Apr-2020) -2.16 (25-Feb-2020 - 26-Mar-2020)
Quarter 6.39 (24-Mar-2020 - 24-Jun-2020) -2.18 (20-May-2013 - 19-Aug-2013)
Year 11.97 (20-Jun-2019 - 19-Jun-2020) 4.13 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.98 1.68 1.60 3.79 1.20 4.16
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Short Duration 5.74 3.41 0.64 1.42 1.21 1.92
Rank within category 5 6 3 2 12 7
Number of funds in category 26 26 26 26 26 26

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 163 168 115 52
Modified Duration (yrs) 2.20 2.40 1.50 2.25
Average Maturity (yrs) 2.70 3.20 1.90 2.80
Yield to Maturity (%) 5.95 7.99 5.95 6.78

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.02 - 4.73 3.50
new Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 3.31 3.31
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 4.09 3.23
equal 9.10% India Grid Trust 2022 Debenture AAA 3.14 - 4.88 3.14
up 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 2.91 2.63
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 2.77 2.61
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 2.57 2.41
new 7.29% HDB Financial Services 27/07/2023 Debenture AAA 0.00 - 2.26 2.26
new 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 2.11 2.11
up 6.98% Power Finance Corp. 20/04/2023 Non Convertible Debenture AAA 0.00 - 2.10 2.10
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 3.23 1.95
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 4.43 1.93
down 8.90% State Bank of India 2028 Non Convertible Debenture AAA 0.00 - 3.22 1.72
equal 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 0.00 - 4.89 1.52
equal First Business Receivable Trust Securitised Debt AAA 0.09 - 0.37 1.48
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 1.69 1.38
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 1.44 1.35
new 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 1.34 1.34
new 6.95% Reliance Industries 2023 Debenture AAA 0.00 - 1.27 1.27
equal 6.77% HDFC 28/06/2021 Non Convertible Debenture AAA 0.00 - 1.34 1.26
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 1.28 1.20
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 2.81 1.19
new 7.06% HDFC 13/12/2021 Non Convertible Debenture AAA 0.00 - 1.18 1.18
up 7.90% National Bank Agr. Rur. Devp 18/04/2022 Non Convertible Debenture AAA 0.29 - 1.39 1.15
new 6.99% REC 31/12/2021 Non Convertible Debenture AAA 0.00 - 1.09 1.09

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-May-2020

Fund Manager

— 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:


0.08%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 23.0446

Dividend Weekly: ₹ 10.3860

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Dividend Monthly: ₹ 10.4397

Dividend: ₹ 15.4164


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

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 22-Jan-2010
Return Since Launch: 8.32%
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 6,005 Cr (As on 31-May-2020)
Expense: 0.95% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly29-Jun-20200.0305

 22-Jun-20200.0226
 15-Jun-20200.0363
 08-Jun-20200.0074
 26-May-20200.0228
 18-May-20200.0651
 11-May-20200.0374
 20-Apr-20200.0689
 30-Mar-20200.0082
 09-Mar-20200.0104
 02-Mar-20200.0021
 24-Feb-20200.0007
 17-Feb-20200.0165
 10-Feb-20200.0471
 03-Feb-20200.0148
 27-Jan-20200.0205
 20-Jan-20200.0074
 13-Jan-20200.0093
 06-Jan-20200.0132
 30-Dec-20190.0054
 23-Dec-20190.0097
 02-Dec-20190.0142
 25-Nov-20190.0123
 18-Nov-20190.0248
 11-Nov-20190.0022
Dividend Monthly25-Jun-20200.1042

 26-May-20200.0663
 27-Apr-20200.1321
 25-Feb-20200.0544
 27-Jan-20200.0464
 26-Dec-20190.0520
 25-Nov-20190.0506
 25-Oct-20190.0458
 25-Sep-20190.0443
 25-Jul-20190.0737
 25-Jun-20190.1228
 27-May-20190.0747
 25-Apr-20190.0411
 25-Mar-20190.0716
 25-Feb-20190.0446
 25-Jan-20190.0520
 26-Dec-20180.0727
 26-Nov-20180.0592
 25-Oct-20180.0518
 27-Aug-20180.0464
 25-Jul-20180.0469
 25-Jun-20180.0418
 25-May-20180.0037
 25-Apr-20180.0243
 26-Mar-20180.0474

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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