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Axis Short Term Fund

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Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 0.44 0.04 0.20 0.60 2.03 4.25 9.76 7.20 7.86 8.11 --
Debt: Short Duration 0.27 0.03 0.03 0.44 1.34 2.79 4.66 5.31 6.49 7.25 --
Rank within category 17 11 18 15 6 7 4 5 5 8 --
Number of funds in category 29 29 29 29 29 29 28 26 26 25 19

As on 21-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 2.41 (14-Jun-2019 - 16-Jul-2019) -1.71 (24-Jun-2013 - 24-Jul-2013)
Quarter 4.15 (10-Jun-2019 - 09-Sep-2019) -2.18 (20-May-2013 - 19-Aug-2013)
Year 11.31 (28-Aug-2013 - 28-Aug-2014) 4.13 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.11 1.44 0.97 1.99 3.49 7.12
Debt: Short Duration 5.45 2.99 0.30 0.77 3.48 5.45
Rank within category 5 6 3 3 11 13
Number of funds in category 27 27 27 27 27 27

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 154 181 115 57
Modified Duration (yrs) 1.90 2.10 1.40 2.04
Average Maturity (yrs) 2.50 2.80 1.80 2.49
Yield to Maturity (%) 6.65 8.46 6.54 7.45

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 5.06 5.06
up 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 4.88 4.41
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 4.30 4.30
new 8.53% Power Finance Corp. 24/07/2020 Bonds/Debentures AAA 0.00 - 3.44 3.44
new Reliance Retail Ltd. 150-D 30/04/2020 Commercial Paper A1+ 0.00 - 3.34 3.34
equal Indusind Bank 20/05/2020 Certificate of Deposit A1+ 0.00 - 3.98 3.33
up 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 3.23 3.23
new National Housing Bank 22/02/2022 Non Convertible Debenture AAA 0.00 - 2.52 2.52
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 3.99 2.36
new Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 2.22 2.22
new First Business Receivable Trust Securitised Debt AAA 0.00 - 0.37 2.17
equal 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 0.00 - 4.89 2.06
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 2.21 1.84
equal 7.39% LIC Housing Fin. 30/08/2022 Debenture AAA 0.00 - 2.32 1.81
new 8.39% Rajasthan State 15/03/2023 State Development Loan SOV 0.00 - 1.61 1.61
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 2.20 1.53
equal 7.85% Tata Sons 30/06/2020 Bonds/Debentures AAA 1.37 - 3.17 1.48
new 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 1.45 1.45
equal 7.55% IRFC 2029 Debenture AAA 0.00 - 1.51 1.25
new 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 3.72 1.16
new 7.80% GOI 2020 Central Government Loan SOV 0.00 - 1.15 1.15
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 2.48 1.15
equal L&T Housing Finance 15/06/2020 Debenture AAA 1.05 - 2.43 1.14
equal 7.60% LIC Housing Fin. 22/11/2022 Debenture AAA 0.00 - 1.37 1.14
equal 7.50% Sundaram Finance 2022 Non Convertible Debenture AAA 0.00 - 1.37 1.13

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-Dec-2019

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:

Invest Online
0.04%

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

Growth: ₹ 21.7493

Dividend Weekly: ₹ 10.2492

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Dividend Monthly: ₹ 10.2842

Dividend: ₹ 14.5498

Bonus: ₹ 21.8738

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: 8.08%
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,404 Cr (As on 31-Dec-2019)
Expense: 0.93% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly20-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
 04-Nov-20190.0211
 29-Oct-20190.0165
 22-Oct-20190.0254
 14-Oct-20190.0141
 07-Oct-20190.0188
 30-Sep-20190.0009
 09-Sep-20190.0112
 03-Sep-20190.0147
 26-Aug-20190.0309
 19-Aug-20190.0013
 13-Aug-20190.0195
 05-Aug-20190.0237
 29-Jul-20190.0120
 22-Jul-20190.0087
 15-Jul-20190.0280
 08-Jul-20190.0498
Dividend Monthly26-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
 26-Feb-20180.0161
 25-Jan-20180.0237
 26-Dec-20170.0073
 27-Nov-20170.0443
 25-Oct-20170.0397

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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