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Axis Gilt Fund


1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

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

  • 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 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 10.42 -0.74 -0.12 11.05 5.35 7.35 --
CCIL All Sovereign Bond - TRI 9.72 -0.76 -0.55 10.83 6.30 8.51 --
Debt: Gilt 8.90 -0.79 -0.40 9.48 5.48 7.58 --
Rank within category 4 9 9 7 14 15 --
Number of funds in category 25 25 25 25 25 23 19

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
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)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.22 4.62 -0.12 -0.17 0.79 -0.87
CCIL All Sovereign Bond - TRI 6.17 5.52 0.07 0.12 -- --
Debt: Gilt 5.40 4.49 -0.07 -0.07 0.76 -0.68
Rank within category 14 16 14 14 15 15
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-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 5 2 8
Modified Duration (yrs) 5.40 6.00 2.10 5.90
Average Maturity (yrs) 7.50 8.90 3.00 8.61
Yield to Maturity (%) 6.55 7.82 6.04 6.62

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 58.63 52.09
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 21.72 21.72
equal 8.18% Haryana State 15/06/2024 State Development Loan SOV 0.00 - 14.07 11.41
new 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 11.40 11.40

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-Nov-2019

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:


-0.04%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 17.3405

Dividend Half Yearly: ₹ 10.8239

Dividend: ₹ 9.9637


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
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 23-Jan-2012
Benchmark: NIFTY All Duration G-Sec
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 46 Cr (As on 30-Nov-2019)
Expense: 0.66% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-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
 25-Oct-20180.0334
 25-Sep-20180.0193
 27-Aug-20180.0163
 26-Dec-20170.0010
 27-Nov-20170.0306
 25-Oct-20170.0361
 25-Sep-20170.0282
 28-Aug-20170.0172
 25-Jan-20170.1120
 26-Dec-20160.0633
 25-Nov-20160.2295
 25-Oct-20160.0760
Dividend Half Yearly26-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

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: 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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM