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Unrated

Axis Short Term Fund - Retail Plan


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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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(₹)
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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 8.83 0.02 0.20 1.08 1.50 5.81 10.42 8.40 8.29 8.60 8.57
CCIL T Bill Liquidity Weight 2.70 0.02 0.06 0.24 0.60 1.32 3.29 3.94 4.14 4.58 4.77
Debt: Short Duration 7.77 0.01 0.18 1.09 1.37 4.95 8.95 6.32 7.01 7.69 8.03

As on 21-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Short Term Fund - Retail Plan
Unrated
Mar-10 10.42 8.40 8.29 0.91 8,115
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 10.84 8.20 8.45 1.16 18,946
SBI Short Term Debt Fund
4 star
Jul-07 9.86 8.02 8.11 0.84 16,743
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
May-02 10.13 8.22 8.09 1.14 14,379
HDFC Short Term Debt Fund  | Invest Online
5 star
Jun-10 11.20 8.88 8.63 0.76 13,569

Best & Worst Performance

Best (Period) Worst (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)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.93 1.73 1.66 4.07 1.33 4.41
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Short Duration 6.06 3.47 0.79 1.62 0.77 1.88

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 176 201 125 60
Modified Duration (yrs) 2.10 2.50 1.70 2.19
Average Maturity (yrs) 2.50 3.20 2.20 2.72
Yield to Maturity (%) 5.07 7.04 5.07 5.54
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
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 7.35 7.35
down 7.42% Maharashtra State 2022 State Development Loan SOV 0.00 - 5.56 5.56
up 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.73 4.73
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 3.09 2.64
equal 6.56% M&M Financial Services 29/09/2022 Debenture AAA 0.00 - 2.32 2.32
equal Tata Capital Financial Services 26/10/2021 Debenture AAA 0.00 - 2.30 2.30
down 5.77% GOI 2030 GOI Securities SOV 0.00 - 3.79 2.24
equal 8.83% GOI 25/11/2023 Central Government Loan SOV 0.08 - 2.13 2.13
down 9.10% India Grid Trust 2022 Debenture AAA 1.90 - 4.86 2.06
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 4.09 2.05
new 6.24% State Bank of India 21/09/2030 Non Convertible Debenture AAA 0.00 - 2.03 2.03
new 8.64% Andhra Pradesh State 2023 State Development Loan SOV 0.00 - 1.93 1.93
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 2.77 1.93
equal First Business Receivable Trust Securitised Debt AAA 0.05 - 0.37 1.79
down Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 1.76 1.66
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.46 1.46
down 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 2.23 1.30
equal 6.92% Maharashtra State 2022 State Development Loan SOV 0.02 - 1.30 1.30
equal 6.55% M&M Financial Services 28/06/2022 Debenture AAA 0.00 - 1.39 1.25
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.02 - 5.58 1.19
equal 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 0.98 - 2.96 1.13
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 1.69 1.02
equal 7.33% LIC Housing Fin. 2025 Debenture AAA 0.00 - 1.15 1.02
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 2.88 0.99
equal 8.69% Karnataka State 2022 State Development Loan SOV 0.00 - 0.97 0.97

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-Sep-2020

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:


0.02%

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

Growth: ₹ 23.2988

Dividend Weekly: ₹ 10.2370

Dividend Monthly: ₹ 10.2069


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 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 02-Mar-2010
Return Since Launch: 8.27%
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 8,115 Cr (As on 30-Sep-2020)
Expense: 0.91% (As on 31-Oct-2018)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly19-Oct-20200.0223

 12-Oct-20200.0533
 05-Oct-20200.0225
 28-Sep-20200.0024
 21-Sep-20200.0001
 07-Sep-20200.0306
 03-Aug-20200.0047
 20-Jul-20200.0188
 13-Jul-20200.0382
 06-Jul-20200.0156
 29-Jun-20200.0313
 22-Jun-20200.0505
 15-Jun-20200.0358
 08-Jun-20200.0073
 26-May-20200.0688
 18-May-20200.0645
 11-May-20200.0371
 20-Apr-20200.0689
 30-Mar-20200.0030
 09-Mar-20200.0103
 02-Mar-20200.0021
 24-Feb-20200.0007
 17-Feb-20200.0163
 10-Feb-20200.0467
 03-Feb-20200.0146
Dividend Monthly25-Sep-20200.0525

 25-Aug-20200.0719
 27-Jul-20200.1546
 25-Jun-20200.1006
 26-May-20200.0645
 27-Apr-20200.1287
 25-Feb-20200.0525
 27-Jan-20200.0463
 26-Dec-20190.0571
 25-Nov-20190.0566
 25-Oct-20190.0554
 25-Sep-20190.0540
 26-Aug-20190.0529
 25-Jul-20190.0580
 25-Jun-20190.0449
 27-May-20190.0737
 25-Apr-20190.0404
 25-Mar-20190.0706
 25-Feb-20190.0440
 25-Jan-20190.0513
 26-Dec-20180.0717
 26-Nov-20180.0584
 25-Oct-20180.0511
 27-Aug-20180.0458
 25-Jul-20180.0466

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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