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4 star

Axis Liquid Fund - Direct Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, if your aim is to build wealth in the long run.

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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(₹)
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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 2.75 0.01 0.06 0.32 1.14 2.61 5.60 6.72 7.05 7.67 --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 4.70 --
Debt: Liquid 2.55 0.01 0.06 0.31 1.05 2.42 5.34 6.48 6.83 7.51 --
Rank within category 12 9 19 15 14 12 12 10 8 9 --
Number of funds in category 39 39 39 39 39 39 39 35 34 33 1

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.60 6.72 7.05 0.15 27,032
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.69 6.76 7.09 0.21 43,090
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.65 6.76 7.08 0.18 31,728
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.66 6.73 7.05 0.21 19,378
LIC MF Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.67 6.71 7.05 0.11 7,502

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.49 (24-Mar-2020 - 31-Mar-2020) -0.15 (17-Mar-2020 - 24-Mar-2020)
Month 0.88 (08-Sep-2013 - 08-Oct-2013) 0.20 (23-Feb-2020 - 24-Mar-2020)
Quarter 2.64 (24-Jul-2013 - 23-Oct-2013) 1.07 (24-Dec-2019 - 24-Mar-2020)
Year 9.81 (24-Jul-2013 - 24-Jul-2014) 5.64 (04-Jul-2019 - 03-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.56 0.29 4.35 5.81 0.53 1.90
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Liquid 6.33 0.50 3.67 4.95 0.58 1.73
Rank within category 10 14 12 12 30 9
Number of funds in category 35 35 35 35 35 35

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 72 140 72 28
Modified Duration (yrs) 0.13 0.16 0.08 --
Average Maturity (yrs) 0.13 0.17 0.09 --
Yield to Maturity (%) 3.78 6.52 3.78 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 20.44 20.44
equal Reserve Bank of India 91-D 13/08/2020 Treasury Bills SOV 0.00 - 6.01 6.01
up Reserve Bank of India 91-D 27/08/2020 Treasury Bills SOV 0.00 - 4.95 4.95
up Reliance Industries 86-D 30/07/2020 Commercial Paper A1+ 0.00 - 4.61 4.61
new Reserve Bank of India 91-D 24/09/2020 Treasury Bills SOV 0.00 - 3.67 3.67
new Larsen & Toubro 90-D 27/08/2020 Commercial Paper A1+ 0.00 - 3.40 3.40
new National Housing Bank 90-D 28/09/2020 Commercial Paper A1+ 0.00 - 2.75 2.75
equal Reliance Jio Infocomm 91-D 24/07/2020 Commercial Paper A1+ 0.00 - 1.91 1.85
new Reliance Jio Infocomm 91-D 21/09/2020 Commercial Paper A1+ 0.00 - 1.84 1.84
equal Reserve Bank of India 364-D 14/08/2020 Treasury Bills SOV 0.00 - 1.84 1.84
equal Ultratech Cement 91-D 04/08/2020 Commercial Paper A1+ 0.00 - 1.84 1.84
new Reliance Jio Infocomm 91-D 23/09/2020 Commercial Paper A1+ 0.00 - 1.83 1.83
new Reserve Bank of India 182-D 23/07/2020 Treasury Bills SOV 0.00 - 1.66 1.66
new Ultratech Cement 90-D 24/09/2020 Commercial Paper A1+ 0.00 - 1.56 1.56
new Reserve Bank of India 364-D 24/09/2020 Treasury Bills SOV 0.00 - 1.40 1.40
equal Tata Motors Finance 87-D 24/08/2020 Commercial Paper A1+ 0.00 - 1.29 1.29
equal Reserve Bank of India 91-D 16/07/2020 Treasury Bills SOV 0.00 - 1.11 1.11
equal Tata Capital Financial Services 91-D 22/07/2020 Commercial Paper A1+ 0.00 - 1.14 1.11
equal Tata Capital Housing Finance 91-D 29/07/2020 Commercial Paper A1+ 0.00 - 1.14 1.11
new Cholamandalam Invest. & Fin. 56-D 31/07/2020 Commercial Paper A1+ 0.00 - 1.11 1.11
new Nabha Power 91-D 07/09/2020 Commercial Paper A1+ 0.00 - 1.10 1.10
equal Aditya Birla Housing Finance 88-D 14/08/2020 Commercial Paper A1+ 0.00 - 1.10 1.10
equal Ultratech Cement 90-D 24/08/2020 Commercial Paper A1+ 0.00 - 1.10 1.10
new SBI Cards & Payments Services 91-D 21/09/2020 Commercial Paper A1+ 0.00 - 1.10 1.10
equal Reliance Jio Infocomm 91-D 17/08/2020 Commercial Paper A1+ 0.00 - 1.10 1.10

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-Jun-2020

*As on 31-May-2020

Fund Manager

— Aditya Pagaria since 13-Aug-2016

Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.

Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.

Funds Managed:

— 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:


0.01%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 2,232.2387

Dividend Weekly: ₹ 1,002.3924

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Dividend Monthly: ₹ 1,001.9912

Dividend Daily: ₹ 1,000.9560


Investment Strategy

The fund seeks to generate reasonable return commensurate with low risk and high degree of liquidity from a portfolio of money market and high quality debt securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.75%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 27,032 Cr (As on 30-Jun-2020)
Expense: 0.15% (As on 31-May-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.1219

 08-Jul-20200.0983
 07-Jul-20200.0805
 06-Jul-20200.0532
 05-Jul-20200.0872
 04-Jul-20200.0875
 03-Jul-20200.0609
 02-Jul-20200.0827
 01-Jul-20200.1515
 30-Jun-20200.1295
 29-Jun-20200.0933
 28-Jun-20200.0870
 27-Jun-20200.0868
 26-Jun-20200.0826
 25-Jun-20200.1155
 24-Jun-20200.1420
 23-Jun-20200.1090
 22-Jun-20200.1144
 21-Jun-20200.0891
 20-Jun-20200.0892
 19-Jun-20200.1354
 18-Jun-20200.1276
 17-Jun-20200.1204
 16-Jun-20200.1023
 15-Jun-20200.1492
Dividend Weekly06-Jul-20200.6536

 29-Jun-20200.7173
 22-Jun-20200.7795
 15-Jun-20200.8512
 08-Jun-20200.5714
 01-Jun-20200.4734
 26-May-20201.1352
 18-May-20201.1960
 11-May-20201.0655
 04-May-20200.5947
 27-Apr-20201.1292
 20-Apr-20201.3011
 13-Apr-20200.8204
 07-Apr-20201.4103
 30-Mar-20202.1926
 16-Mar-20200.6435
 09-Mar-20201.0231
 02-Mar-20200.6783
 24-Feb-20200.7089
 17-Feb-20200.7604
 10-Feb-20200.7409
 03-Feb-20200.7267
 27-Jan-20200.7138
 20-Jan-20200.6956
 13-Jan-20200.6261
Dividend Monthly25-Jun-20203.0418

 26-May-20203.9917
 27-Apr-20208.0064
 26-Mar-20201.7414
 25-Feb-20203.0386
 27-Jan-20203.2499
 26-Dec-20193.1888
 25-Nov-20193.2780
 25-Oct-20193.5643
 25-Sep-20193.1903
 26-Aug-20193.8948
 25-Jul-20194.0402
 25-Jun-20193.9356
 27-May-20194.5639
 25-Apr-20194.8416
 25-Mar-20193.9446
 25-Feb-20194.2854
 25-Jan-20194.3457
 26-Dec-20184.4191
 26-Nov-20184.8276
 25-Oct-20184.5056
 25-Sep-20184.0087
 27-Aug-20184.6968
 25-Jul-20184.4176
 25-Jun-20184.5830

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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