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Axis Short Term Fund

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Debt: Short Duration

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1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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
Fund 3.32 0.00 0.05 0.37 0.60 1.96 3.78 7.99 6.99 7.66 8.12
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 4.48
Debt: Short Duration 3.98 0.00 0.06 0.37 1.32 2.69 4.34 6.37 5.90 6.85 7.61
Rank within category 9 18 22 14 12 10 9 5 4 5 5
Number of funds in category 26 28 28 28 28 27 26 25 23 23 21

As on 03-Dec-2021

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 3.78 7.99 6.99 0.99% 11,790
ICICI Prudential Short Term Fund  | Invest Now
5 star
 Oct-01 4.30 8.29 7.02 1.13% 20,584
HDFC Short Term Debt Fund  | Invest Online
5 star
 Jun-10 4.28 8.38 7.57 0.75% 19,407
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
 May-02 3.59 7.84 6.76 1.16% 17,142
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
 Dec-00 3.52 7.80 6.94 0.77% 12,688

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 3.63 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.75 1.73 2.29 5.06 1.80 5.06
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Short Duration 6.28 3.54 1.37 2.53 0.61 2.87
Rank within category 5 6 3 2 16 6
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 225 243 207 59
Modified Duration (yrs) 1.55 2.50 1.50 --
Average Maturity (yrs) 2.56 3.10 1.80 --
Yield to Maturity (%) 5.03 5.03 4.73 --
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 0.00 - 5.18 5.18
up 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 4.97 4.97
equal 9.95% Food Corporation of India 2022 Bonds AAA 2.95 - 4.12 3.07
up Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.88 - 2.93 2.93
equal HDFC 19/05/2022 Non Convertible Debenture AAA 1.76 - 2.37 2.30
equal Reserve Bank of India 91-D 23/12/2021 Treasury Bills SOV 0.00 - 2.24 2.24
equal 6.70% Mahindra Rural Housing Finance 28/05/2024 Debenture AA+ 0.00 - 2.10 2.10
down 5.63% GOI 2026 GOI Securities SOV 0.00 - 4.78 1.98
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 0.17 - 1.83 1.83
down 5.35% Telesonic Network 28/04/2023 Debenture AA+ 0.00 - 1.91 1.78
equal 5.09% National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 2.35 1.70
equal Hero FinCorp 20/05/2024 Debenture AA+ 0.00 - 1.69 1.69
equal Reserve Bank of India 91-D 16/12/2021 Treasury Bills SOV 0.00 - 1.69 1.69
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 1.60 1.60
equal 6.56% M&M Financial Services 29/09/2022 Debenture AAA 1.20 - 1.62 1.59
equal 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 1.56 1.51
equal 9.10% India Grid Trust 2022 Debenture AAA 1.08 - 1.47 1.43
equal First Business Receivable Trust Securitised Debt AAA 0.03 - 0.22 1.33
equal 5.70% Cholamandalam Investment & Finance Company 2023 Debenture AA+ 0.00 - 1.27 1.27
equal Hero FinCorp 19/07/2024 Non Convertible Debenture AA+ 0.00 - 1.27 1.27
equal Tata Motors 358-D 31/05/2022 Commercial Paper A1+ 0.00 - 1.24 1.24
down 6.10% GOI 2031 GOI Securities SOV 0.00 - 1.57 1.20
equal 7.39% LIC Housing Fin. 30/08/2022 Debenture AAA 0.38 - 1.16 1.13
new GOI 2028 GOI Securities SOV 0.00 - 1.06 1.06
up 6.99% HDFC 13/02/2023 Debenture AAA 0.43 - 1.00 1.00

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-Oct-2021

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:

0.00%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 24.6416

IDCW Weekly: ₹ 10.4007

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IDCW Monthly: ₹ 10.1985

IDCW: ₹ 16.4848

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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 22-Jan-2010
Return Since Launch: 7.89%
Benchmark: NIFTY Short Duration Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 11,790 Cr (As on 31-Oct-2021)
Expense: 0.99% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly29-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
 09-Aug-20210.0038
 02-Aug-20210.0092
 26-Jul-20210.0105
 19-Jul-20210.0177
 14-Jun-20210.0206
 07-Jun-20210.0135
 31-May-20210.0071
 24-May-20210.0154
 17-May-20210.0078
 10-May-20210.0079
 03-May-20210.0231
 26-Apr-20210.0231
IDCW Monthly25-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
 27-Jan-20200.0464
 26-Dec-20190.0520
 25-Nov-20190.0506
 25-Oct-20190.0458
 25-Sep-20190.0443

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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