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5 star

Axis Short Term Fund - Direct Plan


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable 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 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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(₹)
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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 1.91 0.04 0.26 0.60 1.95 2.30 7.49 9.43 8.59 8.89 --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 --
Debt: Short Duration 1.82 0.05 0.27 0.60 2.14 2.13 7.61 7.42 7.32 7.94 --
Rank within category 9 16 18 12 21 7 9 4 3 3 --
Number of funds in category 26 27 27 27 27 26 26 25 23 23 0

As on 11-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Short Term Fund - Direct Plan
5 star
Jan-13 7.49 9.43 8.59 0.30 12,070
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 8.44 9.70 8.98 0.39 20,015
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.39 9.38 8.47 0.24 18,117
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.27 9.38 8.55 0.34 17,363
IDFC Bond Fund Short Term Plan - Direct Plan
4 star
Jan-13 6.67 9.17 8.17 0.29 13,776

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.85 24-Mar-2020 - 31-Mar-2020 -1.82 12-Mar-2020 - 19-Mar-2020
Month 3.78 24-Mar-2020 - 23-Apr-2020 -2.11 25-Feb-2020 - 26-Mar-2020
Quarter 6.57 24-Mar-2020 - 24-Jun-2020 -1.99 20-May-2013 - 19-Aug-2013
Year 12.70 20-Jun-2019 - 19-Jun-2020 4.86 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.97 1.69 2.76 5.49 1.42 5.77
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Short Duration 7.15 3.40 1.61 2.65 0.75 3.43
Rank within category 4 6 1 1 15 5
Number of funds in category 25 25 25 25 25 25

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 204 238 186 64
Modified Duration (yrs) 1.87 2.50 1.50 1.91
Average Maturity (yrs) 2.60 3.10 1.80 2.43
Yield to Maturity (%) 4.90 5.23 4.73 5.02
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 9.95% Food Corporation of India 2022 Bonds AAA 1.13 - 7.35 3.93
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.61 3.61
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 4.26 2.91
up 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 2.89 2.89
down 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 3.59 2.72
equal 7.42% Maharashtra State 2022 State Development Loan SOV 0.00 - 5.56 2.50
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 2.50 2.50
new Reliance Industries Corporate Bond Repo -- 0.00 - 2.49 2.49
equal 8.83% GOI 25/11/2023 Central Government Loan SOV 0.08 - 2.46 2.36
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 3.09 2.27
equal 5.09% National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 2.35 2.09
new 6.70% Mahindra Rural Housing Finance 28/05/2024 Debenture AA+ 0.00 - 2.07 2.07
new Hero FinCorp 20/05/2024 Debenture AA+ 0.00 - 1.66 1.66
equal 6.56% M&M Financial Services 29/09/2022 Debenture AAA 0.49 - 2.32 1.56
equal 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 1.56 1.49
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 0.00 - 1.48 1.42
equal 9.10% India Grid Trust 2022 Debenture AAA 1.08 - 2.63 1.41
down 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.73 1.41
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 1.43 1.37
equal First Business Receivable Trust Securitised Debt AAA 0.03 - 0.29 1.27
new 5.70% Cholamandalam Invest. & Fin. 2023 Debenture AA+ 0.00 - 1.24 1.24
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 1.76 1.18
equal 7.39% LIC Housing Fin. 30/08/2022 Debenture AAA 0.38 - 1.16 1.11
new 5.27% National Bank Agr. Rur. Devp 29/04/2024 Debenture AAA 0.00 - 0.96 0.96
equal 6.55% M&M Financial Services 28/06/2022 Debenture AAA 0.65 - 1.39 0.84

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

— 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.

Interviews:

Funds Managed:


0.04%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 25.7952

IDCW Weekly: ₹ 10.2637

More

IDCW Monthly: ₹ 10.0657

IDCW: ₹ 15.7835


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 (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.93%
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 12,070 Cr (As on 31-May-2021)
Expense: 0.30% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly07-Jun-20210.0147

 31-May-20210.0083
 24-May-20210.0166
 17-May-20210.0090
 10-May-20210.0091
 03-May-20210.0241
 26-Apr-20210.0241
 19-Apr-20210.0048
 12-Apr-20210.0135
 05-Apr-20210.0227
 30-Mar-20210.0138
 04-Jan-20210.0242
 28-Dec-20200.0160
 21-Dec-20200.0102
 14-Dec-20200.0002
 07-Dec-20200.0118
 01-Dec-20200.0083
 23-Nov-20200.0210
 17-Nov-20200.0172
 09-Nov-20200.0176
 02-Nov-20200.0041
 26-Oct-20200.0316
 19-Oct-20200.0237
 12-Oct-20200.0547
 05-Oct-20200.0238
IDCW Monthly25-May-20210.0574

 26-Apr-20210.0896
 25-Feb-20210.0311
 25-Jan-20210.0518
 28-Dec-20200.0659
 25-Nov-20200.0783
 26-Oct-20200.1000
 25-Sep-20200.0584
 25-Aug-20200.0776
 27-Jul-20200.1608
 25-Jun-20200.1065
 26-May-20200.0709
 27-Apr-20200.1389
 25-Feb-20200.0564
 27-Jan-20200.0505
 26-Dec-20190.0612
 25-Nov-20190.0605
 25-Oct-20190.0592
 25-Sep-20190.0578
 26-Aug-20190.0568
 25-Jul-20190.0617
 25-Jun-20190.0485
 27-May-20190.0776
 25-Apr-20190.0441
 25-Mar-20190.0741

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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DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM