1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
"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
Dividends
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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
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Axis Short Term Fund - Direct Plan | Jan-13 | 3.73 | 6.75 | 7.20 | 0.28 | 6,499 | |
ICICI Prudential Short Term Fund - Direct Plan | Invest Now | Jan-13 | 4.28 | 7.25 | 7.32 | 0.37 | 15,543 | |
HDFC Short Term Debt Fund - Direct Plan | Invest Online | Jan-13 | 3.35 | 6.84 | 7.18 | 0.29 | 13,533 | |
Kotak Bond - Short Term Fund - Direct Plan | Invest Online | Jan-13 | 3.24 | 6.47 | 7.03 | 0.34 | 13,158 | |
Nippon India Short Term Fund - Direct Plan | Invest Online | Jan-13 | 3.57 | 6.85 | 6.92 | 0.35 | 6,681 |
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 |
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
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 | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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6.70% Mahindra Rural Housing Finance 28/05/2024 | Debenture | AA+ | 1.80 - 3.75 | 3.75 |
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HDFC Bank 13/12/2022 | Certificate of Deposit | A1+ | 0.00 - 3.39 | 3.39 |
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GOI 2028 | GOI Securities | SOV | 0.00 - 3.36 | 3.36 |
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Hero FinCorp 20/05/2024 | Debenture | AA+ | 1.45 - 3.10 | 3.10 |
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7.59% GOI 2026 | GOI Securities | SOV | 0.04 - 2.98 | 2.98 |
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6.40% National Bank Agr. Rur. Devp 31/07/2023 | Non Convertible Debenture | AAA | 0.12 - 2.46 | 2.46 |
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First Business Receivable Trust | Securitised Debt | AAA | 0.03 - 0.41 | 2.32 |
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Hero FinCorp 19/07/2024 | Non Convertible Debenture | AA+ | 1.09 - 2.32 | 2.32 |
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HDFC 154-D 25/11/2022 | Commercial Paper | A1+ | 0.00 - 2.26 | 2.26 |
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6.37% L&T Metro Rail (Hyderabad) 30/04/2025 | Debenture | AAA | 0.00 - 1.86 | 1.86 |
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5.15% GOI 2025 | GOI Securities | SOV | 0.00 - 2.36 | 1.61 |
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7.38% GOI 20/06/2027 | GOI Securities | SOV | 0.00 - 1.56 | 1.56 |
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7.35% National Bank Agr. Rur. Devp 2025 | Debenture | AAA | 0.00 - 1.55 | 1.55 |
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8.39% Rajasthan State 15/03/2025 | State Development Loan | SOV | 0.00 - 1.55 | 1.55 |
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5.09% National Bank Agr. Rur. Devp 2024 | Non Convertible Debenture | AAA | 1.46 - 3.03 | 1.53 |
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5.47% Power Finance Corporation 19/08/2023 | Debenture | AAA | 0.00 - 1.52 | 1.52 |
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Reserve Bank of India 182-D 22/12/2022 | Treasury Bills | SOV | 0.00 - 1.50 | 1.50 |
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7.15% Flometallic India 20/06/2025 | Non Convertible Debenture | AA+ | 0.73 - 1.50 | 1.50 |
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HDFC Bank 13/04/2023 | Certificate of Deposit | A1+ | 0.00 - 1.47 | 1.47 |
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HDB Financial Services 2025 | Debenture | AAA | 0.00 - 1.24 | 1.24 |
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8.27% Rajasthan State 23/06/2023 | State Development Loan | SOV | 0.57 - 1.18 | 1.18 |
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6.54% GOI 17/01/2032 | GOI Securities | SOV | 0.00 - 1.51 | 1.17 |
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7.34% National Housing Bank 2025 | Debenture | AAA | 0.00 - 1.16 | 1.16 |
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7.42% Power Finance Corporation 19/11/2024 | Non Convertible Debenture | AAA | 0.00 - 1.16 | 1.16 |
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7.20% Sikka Ports and Terminals 16/06/2023 | Zero Coupon Bonds | AAA | 0.00 - 1.16 | 1.16 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jul-2022
— 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:
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.
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 |
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 |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Weekly | 08-Aug-2022 | 0.0023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Monthly | 25-Jul-2022 | 0.0506 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fundwire - 24-Jul-2019
Fund News - 17-Jul-2018
Fund Manager's View - 09-Aug-2017
Fund News - 28-Aug-2015
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