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4 star

Axis Strategic Bond Fund


Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 5.77 0.19 0.65 1.82 3.55 5.52 10.24 7.50 8.45 8.52 --
VR Bond 5.41 0.15 0.30 0.82 3.14 5.25 7.44 7.07 7.52 7.61 --
Debt: Medium Duration 3.56 0.15 0.40 2.08 4.44 3.57 6.19 5.82 7.00 7.47 --
Rank within category 8 5 5 13 13 9 6 4 2 1 --
Number of funds in category 17 18 18 18 18 18 16 14 13 9 7

As on 08-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Strategic Bond Fund  | Invest Online
4 star
Mar-12 10.24 7.50 8.45 1.04 842
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
Sep-04 10.38 7.20 8.04 1.64 4,960
SBI Magnum Medium Duration Fund  | Invest Online
5 star
Nov-03 12.58 8.91 9.54 1.22 3,246
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
Jul-03 11.47 8.34 8.47 1.43 2,973
HDFC Medium Term Debt Fund  | Invest Online
4 star
Feb-02 8.70 7.25 8.02 1.29 933

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.74 (19-Aug-2013 - 26-Aug-2013) -3.23 (12-Aug-2013 - 19-Aug-2013)
Month 4.39 (20-Aug-2013 - 19-Sep-2013) -4.38 (19-Jul-2013 - 19-Aug-2013)
Quarter 6.76 (12-Sep-2014 - 12-Dec-2014) -7.31 (20-May-2013 - 19-Aug-2013)
Year 16.61 (31-Jan-2014 - 02-Feb-2015) 2.56 (20-May-2013 - 20-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.10 2.45 0.74 0.84 0.48 1.11
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Medium Duration 4.73 4.38 0.23 0.66 0.55 -1.37
Rank within category 4 5 4 5 5 4
Number of funds in category 15 15 15 15 15 15

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 63 90 63 32
Modified Duration (yrs) 3.10 3.20 1.80 --
Average Maturity (yrs) 4.40 4.40 2.40 --
Yield to Maturity (%) 8.46 9.32 8.30 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 9.55 9.55
equal 8.30% REC 25/06/2029 Non Convertible Debenture AAA 0.00 - 4.90 4.90
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 7.31 4.49
equal 9.50% Nirma Non Convertible Debenture AA- 0.00 - 4.09 4.09
down Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 4.25 3.63
equal 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 3.41 3.41
equal 7.83% Maharashtra State 2030 State Development Loan SOV 0.00 - 3.25 3.25
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 3.18 3.18
equal 11.94% Ess Kay Fincorp 13/09/2022 Debenture A 0.00 - 2.98 2.98
equal Indostar Capital Finance 15/03/2021 Non Convertible Debenture AA- 0.00 - 2.91 2.91
equal 9.47% Shriram Transport Finance 2021 Non Convertible Debenture AA+ 0.00 - 2.89 2.89
equal Indiabulls Consumer Finance 2024 Securitised Debt AAA 0.00 - 2.76 2.76
equal 8.72% PVR 15/04/2022 Debenture AA 0.00 - 2.35 2.35
equal First Business Receivable Trust Securitised Debt AAA 0.33 - 1.81 2.32
equal 8.28% Oriental Nagpur Betul Highway 30/03/2024 Debenture AAA 1.57 - 2.27 2.27
equal India Infoline Finance 2020 Securitised Debt A1+ 0.00 - 2.05 2.05
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 1.92 1.92
equal 11.96% Northern ARC Capital 13/01/2022 Debenture A+ 0.00 - 1.79 1.79
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 1.78 1.78
equal Magma Fincorp 15/09/2020 Debenture AAA 1.30 - 2.15 1.75
down 8.40% Tata Realty and Infrastructure 2022 Debenture AA 0.00 - 4.05 1.73
equal 8.90% Vedanta 2021 Non Convertible Debenture AA 0.00 - 1.69 1.69
equal Tata Power 21/08/2072 Debenture AA- 0.77 - 1.57 1.57
equal 8.55% Talwandi Sabo Power 23/04/2021 Debenture AA 0.98 - 1.44 1.44
down 9.15% Birla Corporation 18/08/2021 Debenture AA 0.00 - 3.14 1.43

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 31-May-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:

— Dhaval Patel since 01-Jun-2018

Education: Mr. Patel has done IBS from Hyderabad

Experience: Prior to joining Axis Mutual Fund he has worked with Credit Analysis & Research Ltd.


0.19%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 20.0925

Dividend Quarterly: ₹ 10.6279

Dividend Half Yearly: ₹ 10.9239


Investment Strategy

The scheme will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.

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 For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 28-Mar-2012
Return Since Launch: 8.79%
Benchmark: NIFTY Medium Duration
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 842 Cr (As on 31-May-2020)
Expense: 1.04% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-Jun-20200.2500

 27-Mar-20200.1801
 27-Dec-20190.0360
 26-Sep-20190.0360
 26-Jun-20190.0360
 26-Mar-20190.1441
 26-Dec-20180.1441
 25-Sep-20180.1404
 25-Jun-20180.1441
 26-Mar-20180.1806
 26-Dec-20170.1806
 25-Sep-20170.1806
 27-Jun-20170.1806
 27-Mar-20170.1806
 26-Dec-20160.1806
 26-Sep-20160.1806
 27-Jun-20160.1806
 28-Mar-20160.1806
 28-Dec-20150.1806
 28-Sep-20150.1806
 25-Jun-20150.1806
 25-Mar-20150.1815
 26-Dec-20140.1815
 25-Sep-20140.1948
 26-Jun-20140.1948
Dividend Half Yearly27-Mar-20200.2161

 26-Sep-20190.2161
 26-Mar-20190.3602
 25-Sep-20180.3602
 26-Mar-20180.3611
 25-Sep-20170.3611
 27-Mar-20170.3611
 26-Sep-20160.3611
 28-Mar-20160.3611
 28-Sep-20150.2889
 25-Mar-20150.3629
 25-Sep-20140.3117
 26-Mar-20140.1948
 25-Sep-20130.1559
 25-Mar-20130.4405
 25-Sep-20120.2000

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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