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4 star

Axis Treasury Advantage Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

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 1.90 -0.02 0.09 0.41 1.41 2.08 5.65 7.77 7.64 8.01 --
CCIL T Bill Liquidity Weight 0.86 0.00 0.06 0.17 0.51 0.97 2.13 3.57 3.79 4.22 --
Debt: Low Duration 1.88 -0.02 0.08 0.40 1.41 2.08 8.31 5.43 6.22 6.88 --
Rank within category 10 16 5 8 10 10 14 5 5 4 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 15-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Treasury Advantage Fund - Direct Plan
4 star
Jan-13 5.65 7.77 7.64 0.29 10,158
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 6.57 7.88 7.77 0.42 30,234
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.09 7.93 7.80 0.44 24,543
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.51 8.20 8.03 0.40 16,526
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 6.47 8.18 8.25 0.39 12,765

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.78 24-Mar-2020 - 31-Mar-2020 -1.03 12-Mar-2020 - 19-Mar-2020
Month 2.39 24-Mar-2020 - 23-Apr-2020 -1.13 25-Feb-2020 - 26-Mar-2020
Quarter 4.45 24-Mar-2020 - 24-Jun-2020 0.03 24-Dec-2019 - 24-Mar-2020
Year 10.49 26-Jul-2013 - 28-Jul-2014 5.79 11-Jun-2020 - 11-Jun-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.56 0.96 3.40 7.57 1.24 4.23
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Low Duration 5.54 4.24 1.71 3.08 -0.53 0.84
Rank within category 5 5 3 1 19 2
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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 138 159 103 61
Modified Duration (yrs) 0.69 0.95 0.64 0.75
Average Maturity (yrs) 0.80 1.06 0.70 0.96
Yield to Maturity (%) 4.24 4.60 3.90 4.46
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
new Reserve Bank of India 182-D 04/11/2021 Treasury Bills SOV 0.00 - 3.64 3.64
equal Reserve Bank of India 364-D 01/07/2021 Treasury Bills SOV 0.00 - 4.65 3.44
new Reliance Industries Corporate Bond Repo -- 0.00 - 2.96 2.96
up 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 2.71 2.71
up National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 2.99 2.68
equal Reliance Jio Infocomm 91-D 07/06/2021 Commercial Paper A1+ 0.00 - 3.02 2.46
up 8.79% GOI 2021 Central Government Loan SOV 0.00 - 2.58 2.41
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 2.45 1.99
equal IDFC First Bank 23/09/2021 Certificate of Deposit A1+ 0.00 - 2.39 1.95
new Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 1.94 1.94
equal 8.13% GOI 21/09/2022 Central Government Loan SOV 0.00 - 2.30 1.86
up 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.49 - 1.75 1.75
new Hindustan Zinc 2021 Commercial Paper A1+ 0.00 - 1.69 1.69
equal 5.85% Cholamandalam Investment & Finance Company 21/03/2023 Debenture AA+ 0.00 - 1.89 1.53
new Reliance Jio Infocomm 91-D 11/08/2021 Commercial Paper A1+ 0.00 - 1.47 1.47
new Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 1.45 1.45
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.57 - 1.66 1.35
equal Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 1.61 1.31
equal 7.35% Mahindra Rural Housing Finance 2022 Debenture AA+ 0.00 - 1.68 1.25
equal 5.09% National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 1.53 1.24
new Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 1.21 1.21
up 8.20% Power Finance Corporation 27/05/2022 Non Convertible Debenture AAA 0.15 - 1.06 1.06
equal 7.57% HDB Financial Services 16/02/2023 Non Convertible Debenture AAA 0.00 - 1.26 1.02
down 6.22% HDFC 2021 Debenture AAA 0.00 - 1.84 1.00
new 7.95% Hinduja Leyland Finance 14/02/2023 Non Convertible Debenture AA- 0.00 - 0.98 0.98

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

— Aditya Pagaria since 13-Aug-2016

Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.

Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.

Funds Managed:

— Devang Shah since 07-Jun-2016

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:


-0.02%

Change from previous, NAV as on 15-Jun-2021

Growth: ₹ 2,507.9761

IDCW Weekly: ₹ 1,011.4430

More

IDCW Monthly: ₹ 1,012.0393

IDCW Daily: ₹ 1,012.2822


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 short term 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: 8.30%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 10,158 Cr (As on 31-May-2021)
Expense: 0.29% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.3015

 11-Jun-20210.2579
 10-Jun-20210.2373
 09-Jun-20210.2932
 08-Jun-20210.1552
 07-Jun-20210.5190
 04-Jun-20210.2113
 03-Jun-20210.2381
 01-Jun-20210.0891
 31-May-20210.2034
 28-May-20210.0401
 27-May-20210.0814
 25-May-20210.2252
 24-May-20210.3566
 21-May-20210.2499
 20-May-20210.2232
 19-May-20210.0877
 18-May-20210.2593
 17-May-20210.2866
 14-May-20210.2044
 12-May-20210.0647
 11-May-20210.0521
 10-May-20210.2257
 07-May-20210.1093
 06-May-20210.2156
IDCW Weekly14-Jun-20211.2447

 07-Jun-20211.0569
 31-May-20210.5498
 24-May-20211.1762
 17-May-20210.6072
 10-May-20210.7832
 03-May-20211.1972
 26-Apr-20211.4442
 19-Apr-20210.7572
 12-Apr-20210.8642
 05-Apr-20211.2365
 30-Mar-20212.0099
 22-Mar-20211.4584
 15-Mar-20210.0098
 08-Mar-20210.6871
 01-Mar-20210.7878
 22-Feb-20210.9995
 15-Feb-20210.7929
 08-Feb-20210.3381
 01-Feb-20210.1478
 11-Jan-20210.2143
 04-Jan-20211.4159
 28-Dec-20200.8367
 21-Dec-20200.4243
 14-Dec-20200.6623
IDCW Monthly25-May-20213.9875

 26-Apr-20215.1500
 25-Mar-20213.5106
 25-Feb-20213.0524
 25-Jan-20211.4404
 28-Dec-20202.9348
 25-Nov-20205.0493
 26-Oct-20207.0872
 25-Sep-20204.0696
 25-Aug-20203.0995
 27-Jul-20208.1538
 25-Jun-20206.0433
 26-May-202012.1182
 27-Apr-20209.4407
 25-Feb-20204.4919
 27-Jan-20204.6948
 26-Dec-20193.0447
 25-Nov-20194.8308
 25-Oct-20196.5155
 25-Sep-20193.5341
 26-Aug-20197.0538
 25-Jul-20196.3558
 25-Jun-20194.1800
 27-May-20197.2532
 25-Apr-20194.5722

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

Upcoming Video

Investors' Hangout

Your investment strategy after the debt fund fiasco

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