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5 star

Axis Short Term Fund - Direct Plan


Debt: Short Duration

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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(₹)
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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 7.69 -0.05 -0.05 0.58 4.18 6.06 11.33 8.97 9.17 9.58 --
CCIL T Bill Liquidity Weight 2.23 0.03 0.05 0.20 0.67 1.81 3.70 4.08 4.26 4.78 --
Debt: Short Duration 6.84 -0.03 -0.03 0.54 4.06 5.23 9.19 6.80 7.82 8.53 --
Rank within category 9 20 20 10 12 8 6 1 3 3 --
Number of funds in category 27 27 27 27 27 27 27 24 24 23 0

As on 07-Aug-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  | Invest Online
5 star
Jan-13 11.33 8.97 9.17 0.30 9,131
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
4 star
Jan-13 11.74 8.81 9.50 0.40 15,234
SBI Short Term Debt Fund - Direct Plan
4 star
Jan-13 10.84 8.52 8.88 0.34 14,777
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.16 8.92 9.18 0.32 14,193
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.57 8.93 8.88 0.24 12,737

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 8.75 1.70 2.08 4.74 0.89 4.58
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Short Duration 6.82 3.47 1.07 2.12 0.40 2.06
Rank within category 1 5 1 1 13 8
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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 186 196 115 68
Modified Duration (yrs) 2.00 2.40 1.50 --
Average Maturity (yrs) 2.40 3.20 1.90 --
Yield to Maturity (%) 5.23 7.56 5.23 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.02 - 5.58 5.33
up 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 3.63 3.63
up 5.79% GOI 2030 GOI Securities SOV 0.00 - 3.22 3.22
new HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 3.09 3.09
new 7.40% LIC Housing Fin. 2024 Debenture AAA 0.00 - 2.70 2.70
up Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 2.69 2.69
new Larsen & Toubro 247-D 26/03/2021 Commercial Paper A1+ 0.00 - 2.68 2.68
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 2.88 2.39
down 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 3.10 2.28
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 2.23 2.23
up 6.56% M&M Financial Services 29/09/2022 Debenture AAA 0.00 - 2.06 2.06
new Tata Capital Financial Services 26/10/2021 Debenture AAA 0.00 - 2.03 2.03
down 9.10% India Grid Trust 2022 Debenture AAA 1.94 - 4.86 1.94
up 8.83% GOI 25/11/2023 Central Government Loan SOV 0.08 - 1.91 1.91
new Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 1.76 1.76
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 2.77 1.72
up First Business Receivable Trust Securitised Debt AAA 0.05 - 0.37 1.57
new 7.72% GOI 25/05/2025 Central Government Loan SOV 0.00 - 1.52 1.52
new 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.45 1.45
new 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 1.29 1.29
up 7.68% Power Finance Corp. 15/07/2030 Non Convertible Debenture AAA 0.00 - 1.27 1.27
equal 6.55% M&M Financial Services 28/06/2022 Debenture AAA 0.00 - 1.39 1.11
equal 8.06% Nabha Power 15/04/2021 Non Convertible Debenture AAA 1.01 - 4.89 1.01
equal 7.33% LIC Housing Fin. 2025 Debenture AAA 0.00 - 1.15 0.92
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 1.69 0.91

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-2020

*As on 30-Jun-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:


-0.05%

Change from previous, NAV as on 07-Aug-2020

Growth: ₹ 24.5783

Dividend Weekly: ₹ 10.2372

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Dividend Monthly: ₹ 10.1869

Dividend: ₹ 15.0389


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: 9.27%
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 9,131 Cr (As on 31-Jul-2020)
Expense: 0.30% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly03-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
 30-Mar-20200.0110
 09-Mar-20200.0114
 02-Mar-20200.0031
 24-Feb-20200.0016
 17-Feb-20200.0174
 10-Feb-20200.0481
 03-Feb-20200.0157
 27-Jan-20200.0214
 20-Jan-20200.0084
 13-Jan-20200.0102
 06-Jan-20200.0142
 30-Dec-20190.0064
Dividend Monthly27-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
 25-Sep-20180.0002
 27-Aug-20180.0504
 25-Jul-20180.0507
 25-Jun-20180.0456

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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