1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
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
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund | -0.18 | 0.04 | 0.07 | 0.14 | 0.13 | 2.28 | 7.62 | 8.37 | 8.08 | 8.30 | 8.45 |
CCIL T Bill Liquidity Weight | 0.33 | 0.01 | 0.04 | 0.21 | 0.45 | 1.08 | 2.71 | 3.72 | 3.95 | 4.38 | 4.68 |
Debt: Short Duration | -0.44 | 0.02 | 0.05 | 0.06 | -0.21 | 1.94 | 6.13 | 6.19 | 6.72 | 7.38 | 7.88 |
Rank within category | 6 | 4 | 10 | 7 | 4 | 6 | 6 | 3 | 4 | 5 | 4 |
Number of funds in category | 26 | 27 | 27 | 26 | 26 | 26 | 26 | 23 | 23 | 23 | 20 |
As on 08-Mar-2021
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Axis Short Term Fund | Jan-10 | 7.62 | 8.37 | 8.08 | 1.01 | 13,355 | |
ICICI Prudential Short Term Fund | Invest Now | Oct-01 | 7.99 | 8.35 | 8.37 | 1.16 | 23,715 | |
Kotak Bond - Short Term Regular Fund | Invest Online | May-02 | 6.81 | 8.06 | 7.80 | 1.16 | 18,329 | |
HDFC Short Term Debt Fund | Invest Online | Jun-10 | 7.88 | 8.65 | 8.32 | 0.78 | 17,398 | |
IDFC Bond Fund Short Term Plan - Regular Plan | Dec-00 | 7.07 | 8.15 | 7.77 | 0.78 | 14,298 |
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 | 4.13 | 25-Sep-2017 - 25-Sep-2018 |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | 8.16 | 1.79 | 1.99 | 3.96 | 1.70 | 5.11 |
CCIL T Bill Liquidity Weight | 3.68 | 0.37 | -2.46 | -5.24 | -- | -- |
Debt: Short Duration | 6.20 | 3.55 | 1.00 | 1.77 | 1.12 | 2.63 |
Rank within category | 3 | 4 | 1 | 1 | 12 | 6 |
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 28-Feb-2021
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 219 | 238 | 153 | 124 |
Modified Duration (yrs) | 1.60 | 2.50 | 1.50 | 1.78 |
Average Maturity (yrs) | 2.00 | 3.10 | 1.80 | 2.18 |
Yield to Maturity (%) | 5.02 | 7.04 | 4.73 | 4.97 |
Avg Credit Rating | AAA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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Bank of Baroda 28/05/2021 | Certificate of Deposit | A1+ | 0.00 - 4.09 | 4.09 |
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4.60% National Bank Agr. Rur. Devp 29/07/2024 | Debenture | AAA | 0.00 - 3.74 | 3.74 |
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9.95% Food Corporation of India 2022 | Bonds | AAA | 0.00 - 7.35 | 3.60 |
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6.24% State Bank of India 21/09/2030 | Non Convertible Debenture | AAA | 0.00 - 3.59 | 2.82 |
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7.42% Maharashtra State 2022 | State Development Loan | SOV | 0.00 - 5.56 | 2.27 |
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HDFC 19/05/2022 | Non Convertible Debenture | AAA | 0.00 - 3.09 | 2.06 |
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5.09% National Bank Agr. Rur. Devp 2024 | Non Convertible Debenture | AAA | 0.00 - 2.06 | 2.06 |
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8.30% Reliance Industries 2022 | Debenture | AAA | 0.00 - 4.73 | 1.87 |
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8.44% Indian Bank | Debenture | AA | 0.00 - 1.08 | 1.83 |
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8.99% Bank of Baroda | Non Convertible Debenture | AA+ | 0.00 - 1.50 | 1.50 |
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Reserve Bank of India 364-D 25/03/2021 | Treasury Bills | SOV | 0.00 - 1.49 | 1.49 |
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Reliance Industries 123-D 28/06/2021 | Commercial Paper | A1+ | 0.00 - 1.48 | 1.48 |
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Tata Capital Financial Services 26/10/2021 | Debenture | AAA | 0.00 - 2.30 | 1.43 |
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6.56% M&M Financial Services 29/09/2022 | Debenture | AAA | 0.00 - 2.32 | 1.40 |
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7.42% LIC Housing Fin. 15/07/2022 | Bonds/NCDs | AAA | 0.00 - 1.35 | 1.35 |
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8.83% GOI 25/11/2023 | Central Government Loan | SOV | 0.08 - 2.13 | 1.31 |
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5.83% State Bank of India 26/10/2030 | Debenture | AAA | 0.00 - 1.28 | 1.28 |
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Sundaram Finance 338-D 15/12/2021 | Commercial Paper | A1+ | 0.00 - 1.27 | 1.27 |
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9.10% India Grid Trust 2022 | Debenture | AAA | 1.08 - 3.88 | 1.27 |
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7.00% Reliance Industries 31/08/2022 | Non Convertible Debenture | AAA | 0.00 - 1.24 | 1.24 |
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4.23% HDFC 18/02/2022 | Debenture | AAA | 0.00 - 1.12 | 1.12 |
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Export-Import Bank 176-D 29/06/2021 | Certificate of Deposit | A1+ | 0.00 - 1.11 | 1.11 |
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First Business Receivable Trust | Securitised Debt | AAA | 0.03 - 0.34 | 1.10 |
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7.74% State Bank of India | Debenture | AA+ | 0.00 - 1.10 | 1.10 |
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Embassy Office Parks REIT 2022 | Non Convertible Debenture | AAA | 0.00 - 1.76 | 1.04 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 28-Feb-2021
— 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:
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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.
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 |
Fund House: | Axis Mutual Fund |
Launch Date: | 22-Jan-2010 |
Return Since Launch: | 8.10% |
Benchmark: | NIFTY Short Duration TRI |
Riskometer: | Low to Moderate |
Type: | Open-ended |
Assets: | ₹ 13,355 Cr (As on 28-Feb-2021) |
Expense: | 1.01% (As on 31-Jan-2021) |
Risk Grade: | Average |
Return Grade: | Above Average |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Monthly | 25-Feb-2021 | 0.0264 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Weekly | 04-Jan-2021 | 0.0231 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fundwire - 24-Jul-2019
Fund News - 17-Jul-2018
Fund Manager's View - 09-Aug-2017
Fund News - 24-Mar-2014
Fund News - 09-May-2013
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