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3 star

Axis Gilt Fund - Direct Plan


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 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 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 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 9.41 0.22 0.52 0.67 6.15 9.37 13.10 8.93 9.54 8.45 --
CCIL All Sovereign Bond - TRI 9.98 0.33 0.60 1.51 6.10 9.74 11.87 9.77 10.32 9.63 --
Debt: Gilt 9.09 0.15 0.49 1.23 6.59 9.02 11.62 8.79 9.90 9.44 --
Rank within category 9 1 6 21 15 9 6 11 14 17 --
Number of funds in category 21 21 21 21 21 21 21 21 21 20 0

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 Gilt Fund - Direct Plan  | Invest Online
3 star
Jan-13 13.10 8.93 9.54 0.22 140
SBI Magnum Gilt Fund - Direct Plan  | Invest Online
4 star
Jan-13 13.33 9.40 10.74 0.50 2,752
Nippon India Gilt Securities Fund - Direct Plan  | Invest Online
5 star
Jan-13 13.19 10.56 11.72 0.61 1,381
DSP Government Securities Fund - Direct Plan  | Invest Online
5 star
Jan-13 14.27 10.25 10.63 0.56 1,173
IDFC Government Securities Fund - Investment Plan - Direct Plan
4 star
Jan-13 14.92 10.63 11.02 0.50 1,066

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.43 (19-Aug-2013 - 26-Aug-2013) -4.92 (12-Aug-2013 - 19-Aug-2013)
Month 5.63 (08-Apr-2020 - 08-May-2020) -7.83 (19-Jul-2013 - 19-Aug-2013)
Quarter 8.42 (16-Apr-2019 - 16-Jul-2019) -10.84 (20-May-2013 - 19-Aug-2013)
Year 19.53 (09-May-2019 - 08-May-2020) -3.95 (20-May-2013 - 20-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.39 4.10 0.75 1.52 0.76 0.17
CCIL All Sovereign Bond - TRI 9.12 4.76 0.80 1.80 -- --
Debt: Gilt 8.23 3.89 0.76 1.75 0.75 0.07
Rank within category 11 15 14 14 12 14
Number of funds in category 21 21 21 21 21 21

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 4 5 2 8
Modified Duration (yrs) 7.60 7.60 3.00 --
Average Maturity (yrs) 12.10 12.10 4.30 --
Yield to Maturity (%) 5.99 6.80 5.00 --

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 - 69.10 69.10
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 71.96 7.70
new 6.83% GOI 19/01/2039 Central Government Loan SOV 0.00 - 7.45 7.45
equal 8.18% Haryana State 15/06/2024 State Development Loan SOV 3.87 - 13.28 3.87

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 01-Jan-2013

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:


0.22%

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

Growth: ₹ 19.9387

Dividend Half Yearly: ₹ 11.5629

Dividend: ₹ 10.1278


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: 01-Jan-2013
Return Since Launch: 8.65%
Benchmark: NIFTY All Duration G-Sec
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 140 Cr (As on 31-May-2020)
Expense: 0.22% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-Jun-20200.1197

 26-May-20200.2084
 27-Apr-20200.2854
 26-Mar-20200.1036
 25-Feb-20200.0619
 27-Jan-20200.0547
 26-Dec-20190.0002
 25-Nov-20190.0340
 25-Oct-20190.0201
 25-Sep-20190.0533
 26-Aug-20190.2334
 25-Jul-20190.0945
 25-Jun-20190.1473
 27-May-20190.0819
 25-Apr-20190.0518
 25-Mar-20190.0568
 25-Feb-20190.0326
 25-Jan-20190.0820
 26-Dec-20180.1113
 26-Nov-20180.0761
 25-Oct-20180.0368
 25-Sep-20180.0237
 27-Aug-20180.0262
 25-Jul-20180.0056
 26-Dec-20170.0043
Dividend Half Yearly27-Mar-20200.3602

 26-Sep-20190.3602
 26-Mar-20190.3602
 28-Mar-20160.3611
 28-Sep-20150.1806
 25-Mar-20150.1815
 25-Sep-20140.1948

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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