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 sharper ups and downs because of changes in interest rates.
Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.
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 | 0.38 | 0.09 | 0.29 | 0.63 | 1.27 | 2.48 | 12.46 | 5.87 | 7.35 | 7.29 | -- |
| CCIL All Sovereign Bond - TRI | 0.53 | 0.12 | 0.40 | 0.76 | 1.91 | 1.50 | 12.77 | 7.29 | 8.63 | 8.96 | -- |
| Debt: Gilt | 0.39 | 0.12 | 0.36 | 0.56 | 1.25 | 1.76 | 11.42 | 6.08 | 7.57 | 8.25 | -- |
| Rank within category | 17 | 18 | 22 | 6 | 9 | 8 | 7 | 15 | 15 | 20 | -- |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 24 | 22 | 19 |
As on 24-Jan-2020
| Best (Period) | Worst (Period) | |
|---|---|---|
| Week | 5.43 (19-Aug-2013 - 26-Aug-2013) | -4.93 (12-Aug-2013 - 19-Aug-2013) |
| Month | 5.58 (19-Aug-2013 - 18-Sep-2013) | -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 | 17.49 (24-Nov-2015 - 24-Nov-2016) | -4.32 (20-May-2013 - 20-May-2014) |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | 6.06 | 4.32 | 0.08 | 0.12 | 0.79 | -0.91 |
| CCIL All Sovereign Bond - TRI | 7.31 | 5.14 | 0.31 | 0.57 | -- | -- |
| Debt: Gilt | 6.19 | 4.19 | 0.12 | 0.27 | 0.76 | -0.73 |
| Rank within category | 14 | 16 | 14 | 14 | 16 | 14 |
| 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 31-Dec-2019
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Number of Securities | 4 | 5 | 2 | 8 |
| Modified Duration (yrs) | 6.90 | 6.90 | 2.10 | 5.35 |
| Average Maturity (yrs) | 10.60 | 10.60 | 3.00 | 7.86 |
| Yield to Maturity (%) | 6.80 | 7.82 | 6.04 | 6.57 |
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| Company | Instrument | Credit Rating | 1Y Range | % Assets | |
|---|---|---|---|---|---|
|
7.57% GOI 17/06/2033 | GOI Securities | SOV | 0.00 - 48.25 | 48.25 |
|
|
6.45% GOI 2029 | GOI Securities | SOV | 0.00 - 32.12 | 32.12 |
|
8.18% Haryana State 15/06/2024 | State Development Loan | SOV | 0.00 - 14.07 | 11.45 |
|
7.27% GOI 2026 | GOI Securities | SOV | 0.00 - 58.63 | 6.77 |
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
— 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:
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The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.
| 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 |
| Exit Load | 0 |
| Fund House: | Axis Mutual Fund |
| Launch Date: | 23-Jan-2012 |
| Return Since Launch: | 7.36% |
| Benchmark: | NIFTY All Duration G-Sec |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | ₹ 46 Cr (As on 31-Dec-2019) |
| Expense: | 0.68% (As on 31-Dec-2019) |
| Risk Grade: | Average |
| Return Grade: | Average |
| Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Dividend | 25-Nov-2019 | 0.0313 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Dividend Half Yearly | 26-Sep-2019 | 0.3602 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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
Friday, 31-Jan-2020
12:30 PM - 01:00 PM