Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.
Taxability of earnings:
|CCIL T Bill Liquidity Weight||0.17||0.01||0.01||0.28||0.83||1.91||4.24||4.15||4.46||4.80||--|
|Debt: Low Duration||0.06||0.02||-0.16||0.26||0.96||2.47||1.94||5.10||6.22||7.02||--|
As on 17-Jan-2020
|Best (Period)||Worst (Period)|
|Week||-- ( - )||-- ( - )|
|Month||1.22 (06-Sep-2013 - 08-Oct-2013)||-0.01 (17-Apr-2018 - 17-May-2018)|
|Quarter||2.82 (24-Jul-2013 - 23-Oct-2013)||1.08 (02-Nov-2017 - 01-Feb-2018)|
|Year||9.51 (01-Nov-2018 - 01-Nov-2019)||5.72 (24-May-2017 - 24-May-2018)|
|CCIL T Bill Liquidity Weight||4.08||0.26||-10.52||--||--||--|
|Debt: Low Duration||5.21||3.16||0.72||1.48||1.95||2.69|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Dec-2019
|Fund||1Y High||1Y Low||Category|
|Number of Securities||105||110||41||53|
|Modified Duration (yrs)||0.79||0.84||0.44||0.78|
|Average Maturity (yrs)||0.90||0.96||0.49||0.95|
|Yield to Maturity (%)||6.10||8.52||5.87||7.05|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|SIDBI 2020||Certificate of Deposit||A1+||0.00 - 4.12||3.75|
|7.80% GOI 2020||Central Government Loan||SOV||0.00 - 3.19||3.19|
|Reserve Bank of India 76-D 17/03/2020||Cash Management Bill||SOV||0.00 - 3.13||3.13|
|Larsen & Toubro 123-D 31/03/2020||Commercial Paper||A1+||0.00 - 2.88||2.88|
|Larsen & Toubro 182-D 28/02/2020||Commercial Paper||A1+||0.00 - 3.04||2.76|
|Andhra Bank 2020||Certificate of Deposit||A1+||0.00 - 2.76||2.51|
|Reliance Retail Ltd. 150-D 30/04/2020||Commercial Paper||A1+||0.00 - 2.48||2.48|
|8.20% Power Finance Corp. 14/09/2020||Bonds/NCDs||AAA||0.00 - 3.42||2.44|
|First Business Receivable Trust||Securitised Debt||AAA||0.00 - 0.41||2.29|
|HDFC 337-D 26/05/2020||Commercial Paper||A1+||0.00 - 4.25||1.98|
|Reliance Industries 180-D 18/05/2020||Commercial Paper||A1+||0.00 - 1.98||1.98|
|8.70% HDFC 15/12/2020||Debenture||AAA||0.00 - 3.97||1.93|
|Reliance Jio Infocomm 96-D 09/03/2020||Commercial Paper||A1+||0.00 - 1.88||1.88|
|Vedanta 91-D 27/03/2020||Commercial Paper||A1+||0.00 - 1.87||1.87|
|Bank of Baroda 2020||Certificate of Deposit||A1+||0.00 - 3.01||1.86|
|7.50% Power Finance Corp. 16/08/2021||Debenture||AAA||0.00 - 1.66||1.66|
|8.60% LIC Housing Fin. 14/01/2022||Debenture||AAA||0.00 - 1.59||1.43|
|8.05% National Housing Bank 2022||Non Convertible Debenture||AAA||0.00 - 1.59||1.40|
|7.24% LIC Housing Fin. 23/08/2021||Non Convertible Debenture||AAA||0.00 - 2.26||1.39|
|8.60% National Bank Agr. Rur. Devp 31/01/2022||Debenture||AAA||0.00 - 1.46||1.31|
|8.21% Rajasthan State 31/03/2022||State Development Loan||SOV||0.00 - 1.31||1.31|
|7.65% National Housing Bank 25/03/2022||Debenture||AAA||0.00 - 3.18||1.27|
|7.85% L&T Finance 2020||Accrued Income||AAA||0.00 - 1.40||1.27|
|6.95% Reliance Industries 14/12/2020||Debenture||AAA||0.00 - 1.58||1.27|
|8.90% Reliance Jio Infocomm 21/01/2020||Debenture||AAA||0.00 - 3.19||1.27|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2019
Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.
Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
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.
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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 short term debt securities.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||1,000|
|Minimum No of Cheques||12|
|Minimum Withdrawal (₹)||1,000|
|Minimum Balance (₹)||--|
|Fund House:||Axis Mutual Fund|
|Return Since Launch:||7.71%|
|Benchmark:||NIFTY Low Duration Debt TRI|
|Assets:||₹ 3,949 Cr (As on 31-Dec-2019)|
|Expense:||0.72% (As on 31-Oct-2018)|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: Axis Asset Management Company Ltd.
Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025
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
Email: [email protected]