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Axis Short Term Fund - Direct Plan

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Debt: Short Duration

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1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 10.42 -0.03 0.15 0.70 2.46 5.41 10.75 9.33 9.11 9.41 --
CCIL T Bill Liquidity Weight 2.98 0.02 0.04 0.21 0.63 1.18 3.20 3.90 4.12 4.53 --
Debt: Short Duration 9.34 -0.02 0.17 0.78 2.44 5.60 9.52 7.27 7.84 8.47 --
Rank within category 9 17 18 22 11 10 6 3 4 3 --
Number of funds in category 26 26 26 26 26 26 26 23 23 23 0

As on 27-Nov-2020

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 10.75 9.33 9.11 0.30 12,288
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
4 star
 Jan-13 11.36 9.36 9.51 0.40 20,927
SBI Short Term Debt Fund - Direct Plan
4 star
 Jan-13 10.00 8.86 8.80 0.34 19,097
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
5 star
 Jan-13 10.70 9.39 9.15 0.34 17,050
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 11.11 9.31 8.90 0.24 15,462

Best & Worst Performance

Best (Period) Worst (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 8.82 1.75 2.20 5.17 1.11 5.05
CCIL T Bill Liquidity Weight 3.89 0.32 -3.35 -6.53 -- --
Debt: Short Duration 6.96 3.49 1.20 2.34 0.57 2.61
Rank within category 1 5 1 1 12 8
Number of funds in category 24 24 24 24 24 24

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

As on 31-Oct-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 195 205 134 64
Modified Duration (yrs) 2.40 2.50 1.80 2.34
Average Maturity (yrs) 3.00 3.20 2.20 2.89
Yield to Maturity (%) 4.76 7.04 4.76 5.18
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
down 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 7.35 4.42
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.02 - 5.58 4.39
down 7.42% Maharashtra State 2022 State Development Loan SOV 0.00 - 5.56 3.47
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 3.79 3.43
up 6.50% Power Finance Corp. 17/09/2025 Non Convertible Debenture AAA 0.00 - 3.30 3.30
down 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.73 2.91
up 6.24% State Bank of India 21/09/2030 Non Convertible Debenture AAA 0.00 - 2.19 2.19
up HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 3.09 2.17
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.07 - 2.07 2.07
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 2.23 2.01
equal 6.56% M&M Financial Services 29/09/2022 Debenture AAA 0.00 - 2.32 1.55
new 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 1.54 1.54
equal Tata Capital Financial Services 26/10/2021 Debenture AAA 0.00 - 2.30 1.53
equal 8.83% GOI 25/11/2023 Central Government Loan SOV 0.08 - 2.13 1.42
equal 9.10% India Grid Trust 2022 Debenture AAA 1.39 - 4.86 1.39
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 2.77 1.28
equal 8.64% Andhra Pradesh State 2023 State Development Loan SOV 0.00 - 1.93 1.28
equal First Business Receivable Trust Securitised Debt AAA 0.04 - 0.37 1.20
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 4.09 1.15
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 1.76 1.11
new 6.43% HDFC 29/09/2025 Debenture AAA 0.00 - 1.05 1.05
new 8.51% West Bengal State 2026 State Development Loan SOV 0.00 - 0.91 0.91
equal 6.92% Maharashtra State 2022 State Development Loan SOV 0.02 - 1.30 0.86
new 5.40% HDFC 2023 Bonds/NCDs AAA 0.00 - 0.86 0.86
up 8.79% GOI 2021 Central Government Loan SOV 0.00 - 0.86 0.86

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-Oct-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:

-0.03%

Change from previous, NAV as on 27-Nov-2020

Growth: ₹ 25.2021

Dividend Weekly: ₹ 10.2566

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Dividend Monthly: ₹ 10.1272

Dividend: ₹ 15.4206

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
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.24%
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 12,288 Cr (As on 31-Oct-2020)
Expense: 0.30% (As on 31-Oct-2020)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-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
 25-Feb-20190.0477
 25-Jan-20190.0549
 26-Dec-20180.0756
 26-Nov-20180.0631
 25-Oct-20180.0585
Dividend Weekly23-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
 28-Sep-20200.0037
 21-Sep-20200.0029
 07-Sep-20200.0371
 31-Aug-20200.0002
 03-Aug-20200.0074
 20-Jul-20200.0202
 13-Jul-20200.0511
 06-Jul-20200.0491
 29-Jun-20200.0406
 22-Jun-20200.0712
 15-Jun-20200.0375
 08-Jun-20200.0099
 26-May-20200.0747
 18-May-20200.0664
 11-May-20200.0391
 04-May-20200.0023
 20-Apr-20200.0735

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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dateSaturday, 28-Nov-2020
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