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Axis Short Term Fund download report

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Debt: Short Duration

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 Lakh

Suitability:

"Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds 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, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable 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 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
Axis Short Term-G 0.36 0.03 0.03 -0.41 -0.21 0.63 2.67 6.76 6.69 7.20 7.73
CCIL T Bill Liquidity Weight 0.55 0.02 0.03 -0.02 0.25 0.81 1.89 2.76 3.34 3.74 4.28
Debt: Short Duration 0.56 0.02 0.00 -0.64 -0.02 0.79 3.51 5.40 5.67 6.46 7.29
Rank within category 5 5 6 5 6 5 7 5 4 4 4
Number of funds in category 26 29 29 29 27 26 25 24 21 21 20

As on 19-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Short Term Fund
4 star
 Jan-10 2.67 6.76 6.69 0.98% 10,086
ICICI Prudential Short Term Fund  | Invest Now
4 star
 Oct-01 2.91 7.03 6.76 1.13% 16,623
HDFC Short Term Debt Fund  | Invest Online
4 star
 Jun-10 2.66 7.06 7.04 0.75% 14,549
Nippon India Short Term Fund  | Invest Online
4 star
 Dec-02 2.60 6.62 6.40 1.15% 8,160
Aditya Birla Sun Life Short Term Fund  | Invest Online
5 star
 May-03 3.15 7.01 6.84 1.12% 7,640

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 2.68 06-May-2021 - 06-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis Short Term-G 6.88 1.74 1.93 4.66 2.09 4.75
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Short Duration 5.71 3.44 1.17 2.48 0.72 2.66
Rank within category 6 7 3 2 14 5
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-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 200 243 200 52
Modified Duration (yrs) 1.48 1.93 1.48 1.49
Average Maturity (yrs) 2.33 2.90 2.33 1.87
Yield to Maturity (%) 5.61 5.61 4.84 5.64
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
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 1.81 - 5.18 4.46
equal Axis Money Market Fund Direct-G Mutual Fund -- 0.00 - 3.77 3.77
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 5.58 2.74
equal Indian Bank 15/06/2022 Certificate of Deposit A1+ 0.00 - 2.47 2.47
equal 6.70% Mahindra Rural Housing Finance 28/05/2024 Debenture AA+ 1.80 - 2.46 2.46
new Canara Bank 2022 Certificate of Deposit A1+ 0.00 - 2.43 2.43
equal Hero FinCorp 20/05/2024 Debenture AA+ 1.45 - 1.99 1.99
equal 5.09% National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 1.46 - 2.09 1.98
new HDFC Bank 29/06/2022 Certificate of Deposit A1+ 0.00 - 1.97 1.97
new HDFC Bank 2022 Certificate of Deposit A1+ 0.00 - 1.95 1.95
new Reserve Bank of India 182-D 12/10/2022 Treasury Bills SOV 0.00 - 1.94 1.94
up 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.12 - 1.85 1.85
equal Reliance Industries 21/09/2023 Debenture AAA 0.00 - 1.79 1.79
equal 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 1.39 - 1.75 1.75
equal HDFC Bank 27/12/2022 Certificate of Deposit A1+ 0.00 - 1.68 1.68
equal 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.50 - 1.98 1.61
equal First Business Receivable Trust Securitised Debt AAA 0.03 - 0.26 1.54
equal 6.56% M&M Financial Services 29/09/2022 Debenture AAA 1.36 - 1.59 1.50
equal Hero FinCorp 19/07/2024 Non Convertible Debenture AA+ 0.00 - 1.49 1.49
equal 5.70% Cholamandalam Investment & Finance Company 2023 Debenture AA+ 1.09 - 1.48 1.48
equal 6.51% GOI 2024 GOI Securities SOV 0.00 - 1.38 1.38
equal 7.39% LIC Housing Fin. 30/08/2022 Debenture AAA 1.03 - 1.50 1.30
new 7.10% GOI 18/04/2029 GOI Securities SOV 0.00 - 1.24 1.24
equal 6.37% L&T Metro Rail (Hyderabad) 30/04/2025 Debenture AAA 0.00 - 1.22 1.22
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.54 - 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 30-Apr-2022

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.

Interviews:

Funds Managed:

0.03%

Change from previous, NAV as on 19-May-2022

Growth: ₹ 24.7671

IDCW Weekly: ₹ 10.3278

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IDCW Monthly: ₹ 10.1294

IDCW: ₹ 16.5687

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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 22-Jan-2010
Return Since Launch: 7.63%
Benchmark: NIFTY Short Duration Debt Index B-II
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 10,086 Cr (As on 30-Apr-2022)
Expense: 0.98% (As on 30-Apr-2022)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly25-Apr-20220.0094

 25-Mar-20220.0326
 25-Feb-20220.0332
 25-Jan-20220.0265
 27-Dec-20210.0194
 25-Nov-20210.0246
 25-Oct-20210.0275
 27-Sep-20210.0479
 25-Aug-20210.0391
 26-Jul-20210.0444
 25-Jun-20210.0367
 25-May-20210.0520
 26-Apr-20210.0813
 25-Feb-20210.0264
 25-Jan-20210.0478
 28-Dec-20200.0595
 25-Nov-20200.0712
 26-Oct-20200.0928
 25-Sep-20200.0520
 25-Aug-20200.0724
 27-Jul-20200.1555
 25-Jun-20200.1042
 26-May-20200.0663
 27-Apr-20200.1321
 25-Feb-20200.0544
IDCW Weekly04-Apr-20220.0103

 28-Mar-20220.0172
 21-Mar-20220.0179
 28-Feb-20220.0003
 21-Feb-20220.0023
 14-Feb-20220.0292
 31-Jan-20220.0078
 24-Jan-20220.0096
 17-Jan-20220.0086
 03-Jan-20220.0074
 13-Dec-20210.0077
 06-Dec-20210.0077
 29-Nov-20210.0050
 22-Nov-20210.0083
 15-Nov-20210.0078
 08-Nov-20210.0078
 25-Oct-20210.0044
 18-Oct-20210.0049
 04-Oct-20210.0017
 20-Sep-20210.0130
 13-Sep-20210.0033
 06-Sep-20210.0200
 30-Aug-20210.0134
 23-Aug-20210.0136
 17-Aug-20210.0244

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

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies 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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