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Axis Short Term Fund - Direct Plan download report

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Debt: Short Duration

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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(₹)
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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
Axis Short Term Direct-G 1.97 0.03 0.02 0.50 1.56 1.69 3.73 6.75 7.20 7.84 --
CCIL T Bill Liquidity Weight 1.19 -0.02 0.07 0.20 0.64 1.04 1.99 2.59 3.27 3.63 --
Debt: Short Duration 2.11 0.03 0.03 0.54 1.50 1.88 4.54 6.26 6.17 7.09 --
Rank within category 4 8 22 18 9 4 7 8 3 3 --
Number of funds in category 26 29 29 29 29 27 25 24 21 21 0

As on 08-Aug-2022

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
4 star
 Jan-13 3.73 6.75 7.20 0.28 6,499
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
4 star
 Jan-13 4.28 7.25 7.32 0.37 15,543
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.35 6.84 7.18 0.29 13,533
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.24 6.47 7.03 0.34 13,158
Nippon India Short Term Fund - Direct Plan  | Invest Online
5 star
 Jan-13 3.57 6.85 6.92 0.35 6,681

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 2.97 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis Short Term Direct-G 6.69 1.68 1.90 3.90 2.07 5.05
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Short Duration 6.28 2.81 1.30 2.59 1.26 3.92
Rank within category 9 6 3 4 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-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 174 243 174 47
Modified Duration (yrs) 1.60 1.93 1.48 1.51
Average Maturity (yrs) 2.25 2.90 2.20 1.90
Yield to Maturity (%) 6.94 6.99 4.84 6.80
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 6.70% Mahindra Rural Housing Finance 28/05/2024 Debenture AA+ 1.80 - 3.75 3.75
equal HDFC Bank 13/12/2022 Certificate of Deposit A1+ 0.00 - 3.39 3.39
new GOI 2028 GOI Securities SOV 0.00 - 3.36 3.36
equal Hero FinCorp 20/05/2024 Debenture AA+ 1.45 - 3.10 3.10
up 7.59% GOI 2026 GOI Securities SOV 0.04 - 2.98 2.98
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.12 - 2.46 2.46
down First Business Receivable Trust Securitised Debt AAA 0.03 - 0.41 2.32
equal Hero FinCorp 19/07/2024 Non Convertible Debenture AA+ 1.09 - 2.32 2.32
equal HDFC 154-D 25/11/2022 Commercial Paper A1+ 0.00 - 2.26 2.26
equal 6.37% L&T Metro Rail (Hyderabad) 30/04/2025 Debenture AAA 0.00 - 1.86 1.86
up 5.15% GOI 2025 GOI Securities SOV 0.00 - 2.36 1.61
new 7.38% GOI 20/06/2027 GOI Securities SOV 0.00 - 1.56 1.56
equal 7.35% National Bank Agr. Rur. Devp 2025 Debenture AAA 0.00 - 1.55 1.55
new 8.39% Rajasthan State 15/03/2025 State Development Loan SOV 0.00 - 1.55 1.55
down 5.09% National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 1.46 - 3.03 1.53
new 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 1.52 1.52
equal Reserve Bank of India 182-D 22/12/2022 Treasury Bills SOV 0.00 - 1.50 1.50
equal 7.15% Flometallic India 20/06/2025 Non Convertible Debenture AA+ 0.73 - 1.50 1.50
new HDFC Bank 13/04/2023 Certificate of Deposit A1+ 0.00 - 1.47 1.47
new HDB Financial Services 2025 Debenture AAA 0.00 - 1.24 1.24
equal 8.27% Rajasthan State 23/06/2023 State Development Loan SOV 0.57 - 1.18 1.18
down 6.54% GOI 17/01/2032 GOI Securities SOV 0.00 - 1.51 1.17
equal 7.34% National Housing Bank 2025 Debenture AAA 0.00 - 1.16 1.16
equal 7.42% Power Finance Corporation 19/11/2024 Non Convertible Debenture AAA 0.00 - 1.16 1.16
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 1.16 1.16

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-Jul-2022

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:

0.03%

Change from previous, NAV as on 08-Aug-2022

Growth: ₹ 26.8925

IDCW Weekly: ₹ 10.2449

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IDCW Monthly: ₹ 10.0364

IDCW: ₹ 16.4549

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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. 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: 8.28%
Benchmark: NIFTY Short Duration Debt Index B-II
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 6,499 Cr (As on 31-Jul-2022)
Expense Ratio: 0.28% (As on 30-Jun-2022)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly08-Aug-20220.0023

 01-Aug-20220.0221
 25-Jul-20220.0106
 18-Jul-20220.0150
 11-Jul-20220.0205
 04-Jul-20220.0079
 04-Apr-20220.0115
 28-Mar-20220.0183
 21-Mar-20220.0208
 28-Feb-20220.0015
 21-Feb-20220.0034
 14-Feb-20220.0313
 31-Jan-20220.0090
 24-Jan-20220.0108
 17-Jan-20220.0112
 03-Jan-20220.0100
 27-Dec-20210.0013
 13-Dec-20210.0089
 06-Dec-20210.0089
 29-Nov-20210.0062
 22-Nov-20210.0095
 15-Nov-20210.0091
 08-Nov-20210.0104
 25-Oct-20210.0057
 18-Oct-20210.0070
IDCW Monthly25-Jul-20220.0506

 25-Apr-20220.0145
 25-Mar-20220.0366
 25-Feb-20220.0381
 25-Jan-20220.0316
 27-Dec-20210.0251
 25-Nov-20210.0300
 25-Oct-20210.0324
 27-Sep-20210.0529
 25-Aug-20210.0442
 26-Jul-20210.0495
 25-Jun-20210.0419
 25-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

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

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies 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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