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Axis Strategic Bond Fund

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Debt: Medium Duration

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1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than 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.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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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(₹)
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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 2.30 -0.14 -0.16 0.56 2.56 2.68 8.75 8.19 8.23 8.67 --
VR Bond 0.70 -0.12 0.01 0.19 1.66 0.83 3.37 7.08 6.58 7.12 --
Debt: Medium Duration 1.71 -0.15 -0.12 0.48 2.47 1.96 7.26 5.30 6.68 7.24 --
Rank within category 4 9 16 9 10 3 6 5 2 1 --
Number of funds in category 21 24 24 23 21 21 17 14 13 10 7

As on 16-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Strategic Bond Fund
4 star
 Mar-12 8.75 8.19 8.23 1.06 1,426
SBI Magnum Medium Duration Fund  | Invest Online
5 star
 Nov-03 7.87 9.73 9.25 1.26 9,122
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
 Sep-04 10.21 8.67 8.06 1.40 6,683
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
 Jul-03 4.93 8.41 7.55 1.45 4,528
HDFC Medium Term Debt Fund  | Invest Online
4 star
 Feb-02 9.81 8.51 7.95 1.32 3,310

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 7.94 2.52 1.45 1.58 0.48 2.43
VR Bond 6.84 2.05 1.24 1.72 -- --
Debt: Medium Duration 5.26 4.67 0.69 0.99 0.50 -0.30
Rank within category 5 5 5 5 4 3
Number of funds in category 14 14 14 14 14 14

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 73 76 59 38
Modified Duration (yrs) 2.39 3.40 1.90 2.94
Average Maturity (yrs) 3.42 5.50 2.60 3.50
Yield to Maturity (%) 6.42 8.05 6.42 5.69
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 5.84 5.58
down 5.15% GOI 2025 GOI Securities SOV 0.00 - 6.91 4.85
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 3.90 3.69
equal 5.23% LIC Housing Fin. 26/07/2023 Debenture AAA 0.00 - 3.71 3.52
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 4.98 3.48
new GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 3.13 3.13
equal 7.25% Punjab National Bank Additional Tier 2 Bond AA+ 0.70 - 2.69 2.45
equal 8.25% DLF 25/03/2024 Debenture A+ 0.00 - 2.59 2.45
equal Bharti Hexacom 19/01/2024 Non Convertible Debenture AA 0.00 - 2.38 2.09
equal 7.27% G R Infra Projects 2025 Debenture AA 0.00 - 2.73 2.09
equal 9.10% India Grid Trust 2022 Debenture AAA 2.03 - 3.41 2.03
equal IIFL Finance 2021 Securitised Debt A1+ 0.00 - 2.19 1.99
equal 8.85% Power Finance Corporation 25/05/2029 Bonds/NCDs AAA 1.96 - 3.30 1.96
new JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 1.87 1.87
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 2.30 1.86
down 7.17% GOI 2028 GOI Securities SOV 0.00 - 3.48 1.85
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 4.18 1.81
equal 8.41% Pune Solapur Expressways 30/03/2029 Debenture AA 0.00 - 2.49 1.80
equal 7.25% NUVOCO Vistas Corp. 25/09/2023 Debenture AA 0.00 - 2.82 1.78
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 1.87 1.77
equal 11.25% Vivriti Capital 2022 Debenture A- 0.00 - 1.86 1.76
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 2.12 1.76
equal 9.50% Nirma Perpetual Bond AA- 1.75 - 4.08 1.75
equal 7.36% JK Cement 23/07/2024 Debenture AA 0.00 - 2.90 1.75
new IndInfravit Trust 2038 Debenture AAA 0.00 - 1.75 1.75

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-2021

Fund Manager

— 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.

Funds Managed:

— 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:

-0.14%

Change from previous, NAV as on 16-Jun-2021

Growth: ₹ 21.4750

IDCW Quarterly: ₹ 10.5849

IDCW Half Yearly: ₹ 11.0538

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
Lock-in Period Not Applicable
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: 8.64%
Benchmark: NIFTY Medium Duration
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,426 Cr (As on 31-May-2021)
Expense: 1.06% (As on 31-May-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Half Yearly25-Mar-20210.3000

 25-Sep-20200.3000
 27-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
IDCW Quarterly25-Mar-20210.2500

 28-Dec-20200.2500
 25-Sep-20200.2500
 26-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

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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