VR Logo
4 star

Axis Gilt Fund

Add to watchlist
Add to My Investments
Debt: Gilt

Analysts' Choice?unlock it

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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.

Read more

ajax-loader
Please wait...

Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.38 0.15 0.29 0.86 0.80 1.22 5.34 10.40 8.27 8.96 --
CCIL All Sovereign Bond - TRI -0.16 0.10 0.41 0.80 1.29 1.44 6.07 10.95 9.10 10.06 --
Debt: Gilt -0.02 0.11 0.23 0.78 1.21 0.81 4.67 9.35 8.16 9.10 --
Rank within category 7 4 6 8 21 3 6 4 10 13 --
Number of funds in category 26 29 29 28 26 25 25 25 24 23 20

As on 05-May-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Gilt Fund
4 star
 Jan-12 5.34 10.40 8.27 1.00 159
SBI Magnum Gilt Fund  | Invest Online
4 star
 Dec-00 5.43 10.16 9.32 0.95 3,699
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
 Dec-08 5.69 11.26 9.48 1.24 1,591
DSP Government Securities Fund  | Invest Online
5 star
 Sep-99 5.78 10.82 9.17 1.07 472
SBI Magnum Gilt Fund - PF Fixed 1 Year
Unrated
 Nov-03 5.44 10.16 9.33 0.95 3,699

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.43 19-Aug-2013 - 26-Aug-2013 -4.93 12-Aug-2013 - 19-Aug-2013
Month 5.59 08-Apr-2020 - 08-May-2020 -7.86 19-Jul-2013 - 19-Aug-2013
Quarter 8.29 16-Apr-2019 - 16-Jul-2019 -10.94 20-May-2013 - 19-Aug-2013
Year 18.99 09-May-2019 - 08-May-2020 -4.32 20-May-2013 - 20-May-2014

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.04 3.60 1.57 3.33 0.66 1.62
CCIL All Sovereign Bond - TRI 10.54 4.67 1.32 1.90 -- --
Debt: Gilt 9.07 3.66 1.28 2.08 0.72 0.24
Rank within category 3 10 4 1 8 1
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-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 7 12 4 6
Modified Duration (yrs) 2.50 7.80 2.50 --
Average Maturity (yrs) 3.30 14.20 3.30 --
Yield to Maturity (%) 4.38 6.20 4.31 --
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 31.21 31.21
up 5.85% GOI 2030 GOI Securities SOV 0.00 - 24.79 24.79
up 5.15% GOI 2025 GOI Securities SOV 0.00 - 21.75 21.75
down Reserve Bank of India 182-D 19/08/2021 Treasury Bills SOV 0.00 - 9.15 6.22
equal 8.18% Haryana State 15/06/2024 State Development Loan SOV 2.78 - 3.87 3.38
equal 6.56% Maharashtra State 21/10/2030 State Development Loan SOV 0.00 - 3.10 3.10
equal 6.84% Gujarat State 2030 State Development Loan SOV 0.00 - 1.68 1.58
equal Others CBLO -- - 6.45

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-Apr-2021

*As on 31-Mar-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:

— Kaustubh Sule since 04-Sep-2020

Education: Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance)

Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with HDFC Standard Life Insurance Company Ltd., Reliance Life Insurance Company Ltd., Union Bank of India, Hexaware Technologies Ltd.

Funds Managed:

0.15%

Change from previous, NAV as on 05-May-2021

Growth: ₹ 19.9689

IDCW Half Yearly: ₹ 10.8937

IDCW: ₹ 10.0680

Investment Strategy

The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 23-Jan-2012
Return Since Launch: 7.73%
Benchmark: NIFTY All Duration G-Sec TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 159 Cr (As on 30-Apr-2021)
Expense: 1.00% (As on 31-Mar-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Half Yearly25-Mar-20210.5000

 25-Sep-20200.5000
 27-Mar-20200.3602
 26-Sep-20190.3602
 26-Mar-20190.3602
 25-Sep-20180.3602
 26-Mar-20180.3611
 25-Sep-20170.3611
 27-Mar-20170.3611
 26-Sep-20160.1806
 28-Mar-20160.3611
 28-Sep-20150.1806
 25-Mar-20150.1815
 25-Sep-20140.1948
 25-Mar-20130.3964
 25-Sep-20120.2202
IDCW25-Jan-20210.0877

 28-Dec-20200.0912
 25-Nov-20200.1193
 26-Oct-20200.0668
 25-Sep-20200.0272
 27-Jul-20200.0716
 25-Jun-20200.1157
 26-May-20200.2040
 27-Apr-20200.2788
 26-Mar-20200.0925
 25-Feb-20200.0587
 27-Jan-20200.0497
 25-Nov-20190.0313
 25-Oct-20190.0180
 25-Sep-20190.0500
 26-Aug-20190.2295
 25-Jul-20190.0912
 25-Jun-20190.1444
 27-May-20190.0788
 25-Apr-20190.0490
 25-Mar-20190.0540
 25-Feb-20190.0295
 25-Jan-20190.0794
 26-Dec-20180.1085
 26-Nov-20180.0729

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

Upcoming Video

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Reserve your Spot