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
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 | 0.83 | 0.12 | 0.38 | 0.88 | 2.38 | 4.62 | 7.32 | 6.99 | 7.66 | 8.36 | -- |
| VR Bond | 0.47 | 0.08 | 0.25 | 0.47 | 1.46 | 2.20 | 8.01 | 6.19 | 7.00 | 7.44 | -- |
| Debt: Medium Duration | 0.42 | 0.09 | 0.36 | 0.44 | 1.14 | 2.79 | 4.34 | 5.38 | 6.53 | 7.35 | -- |
| Rank within category | 7 | 3 | 9 | 6 | 6 | 4 | 9 | 3 | 4 | 1 | -- |
| Number of funds in category | 18 | 19 | 19 | 17 | 17 | 17 | 16 | 15 | 12 | 9 | 8 |
As on 27-Jan-2020
| 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) |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | 6.88 | 2.23 | 0.52 | 0.56 | 0.47 | 0.98 |
| VR Bond | 6.11 | 2.14 | 0.18 | 0.33 | -- | -- |
| Debt: Medium Duration | 5.31 | 3.10 | 0.11 | 0.41 | 0.57 | -0.63 |
| Rank within category | 4 | 8 | 4 | 7 | 5 | 3 |
| Number of funds in category | 16 | 16 | 16 | 16 | 16 | 16 |
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 | 87 | 94 | 84 | 48 |
| Modified Duration (yrs) | 3.00 | 3.00 | 1.70 | 3.02 |
| Average Maturity (yrs) | 4.20 | 4.20 | 2.20 | 4.28 |
| Yield to Maturity (%) | 8.54 | 9.66 | 8.38 | 9.18 |
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| Company | Instrument | Credit Rating | 1Y Range | % Assets | |
|---|---|---|---|---|---|
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7.55% IRFC 2029 | Debenture | AAA | 0.00 - 5.68 | 5.68 |
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7.57% GOI 17/06/2033 | GOI Securities | SOV | 0.00 - 4.94 | 4.94 |
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8.30% REC 25/06/2029 | Non Convertible Debenture | AAA | 0.00 - 4.16 | 4.14 |
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9.70% Coastal Gujarat Power 27/08/2023 | Non Convertible Debenture | AA | 2.75 - 2.97 | 2.91 |
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8.49% Nat. Highways Authority 2029 | Non Convertible Debenture | AAA | 0.00 - 2.80 | 2.67 |
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9.95% Syndicate Bank | Debenture | A+ | 1.41 - 2.56 | 2.54 |
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9.08% Union Bank of India 31/12/2099 | Bonds | AA | 1.75 - 2.46 | 2.43 |
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Indiabulls Consumer Finance 2024 | Securitised Debt | AAA | 0.00 - 2.41 | 2.41 |
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9.10% India Grid Trust 2022 | Debenture | AAA | 0.00 - 2.30 | 2.30 |
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8.85% Power Finance Corp. 25/05/2029 | Bonds/NCDs | AAA | 0.00 - 2.16 | 2.14 |
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7.32% GOI 28/01/2024 | GOI Securities | SOV | 0.00 - 6.82 | 2.09 |
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8.10% REC 25/06/2024 | Non Convertible Debenture | AAA | 0.00 - 2.12 | 2.07 |
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11.94% Ess Kay Fincorp 13/09/2022 | Debenture | A | 0.00 - 2.10 | 2.03 |
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7.60% Grasim Industries 2024 | Non Convertible Debenture | AAA | 0.00 - 2.13 | 2.03 |
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9.25% Indostar Capital Finance 26/02/2020 | Debenture | AA- | 1.96 - 2.10 | 2.03 |
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7.78% LIC Housing Fin. 29/08/2024 | Debenture | AAA | 0.00 - 2.11 | 2.03 |
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7.75% LIC Housing Fin. 23/07/2024 | Debenture | AAA | 0.00 - 2.06 | 2.03 |
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8.75% Muthoot Finance 19/06/2021 | Bonds/NCDs | AA | 1.92 - 2.07 | 2.00 |
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11.25% Hansdeep Industries & Trading 13/08/2020 | Debenture | AA | 0.00 - 2.04 | 1.99 |
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8.95% Jubilant Life Sciences 2020 | Non Convertible Debenture | AA | 1.58 - 1.70 | 1.62 |
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8.35% Bharti Airtel 20/04/2021 | Non Convertible Debenture | AA | 1.54 - 1.66 | 1.61 |
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9.15% Birla Corporation 18/08/2021 | Debenture | AA | 0.00 - 1.66 | 1.61 |
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8.72% PVR 15/04/2022 | Debenture | AA- | 1.53 - 1.66 | 1.60 |
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8.28% Oriental Nagpur Betul Highway 30/03/2024 | Debenture | AAA | 1.52 - 1.64 | 1.58 |
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Magma Fincorp 15/09/2020 | Debenture | AAA | 0.00 - 2.15 | 1.58 |
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:
— 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.
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The scheme will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.
| 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 |
| Fund House: | Axis Mutual Fund |
| Launch Date: | 28-Mar-2012 |
| Return Since Launch: | 8.65% |
| Benchmark: | NIFTY Medium Duration |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | ₹ 1,233 Cr (As on 31-Dec-2019) |
| Expense: | 1.05% (As on 31-Dec-2019) |
| Risk Grade: | Average |
| Return Grade: | Average |
| Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Quarterly | 27-Dec-2019 | 0.0360 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Dividend Half Yearly | 26-Sep-2019 | 0.2161 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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