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4 star

Axis Gilt Fund

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Debt: Gilt

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1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 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.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 12.10 -0.03 0.82 2.59 2.23 4.96 12.92 9.15 8.80 9.19 --
CCIL All Sovereign Bond - TRI 11.19 -0.06 0.42 1.59 0.56 4.79 12.59 9.81 9.67 10.47 --
Debt: Gilt 10.24 -0.04 0.57 2.07 1.27 4.58 11.02 8.48 8.65 9.53 --
Rank within category 3 14 4 1 2 7 4 7 12 14 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 28-Oct-2020

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 12.92 9.15 8.80 1.00 140
SBI Magnum Gilt Fund  | Invest Online
4 star
 Dec-00 12.48 9.20 9.63 0.95 3,693
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
 Dec-08 13.97 10.53 9.88 1.22 1,596
Nippon India Gilt Securities PF
4 star
 Aug-08 11.43 9.61 9.95 1.71 1,506
Nippon India Gilt Securities Fund  | Invest Online
4 star
 Jul-03 11.41 9.61 9.95 1.59 1,506

Best & Worst Performance

Best (Period) Worst (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 8.10 4.19 0.72 1.42 0.75 0.18
CCIL All Sovereign Bond - TRI 8.90 5.00 0.77 1.50 -- --
Debt: Gilt 7.60 4.08 0.63 1.26 0.76 -0.36
Rank within category 9 15 10 9 12 10
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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 6 3 8
Modified Duration (yrs) 7.30 7.60 3.60 6.98
Average Maturity (yrs) 10.50 12.10 4.90 10.56
Yield to Maturity (%) 6.07 6.80 5.00 6.02
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 45.50 45.50
down 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 69.10 35.69
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 36.97 7.62
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 52.09 3.83
equal 8.18% Haryana State 15/06/2024 State Development Loan SOV 3.53 - 11.45 3.81

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:

— Kaustubh Sule since 04-Sep-2020

Funds Managed:

-0.03%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 19.7155

Dividend Half Yearly: ₹ 11.2540

Dividend: ₹ 10.2366

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
Return Since Launch: 8.05%
Benchmark: NIFTY All Duration G-Sec TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 140 Cr (As on 30-Sep-2020)
Expense: 1.00% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-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
 25-Oct-20180.0334
 25-Sep-20180.0193
 27-Aug-20180.0163
Dividend Half Yearly25-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

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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