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4 star

Axis Treasury Advantage Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 0.08 0.02 0.05 0.19 0.98 2.37 7.17 8.08 7.99 8.29 --
CCIL T Bill Liquidity Weight 0.08 -0.01 0.04 0.10 0.46 1.07 2.95 3.78 4.00 4.42 --
Debt: Low Duration 0.11 0.02 0.06 0.21 1.12 2.55 6.39 5.49 6.43 7.00 --
Rank within category 12 11 17 10 13 12 9 5 5 4 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 25-Jan-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 7.17 8.08 7.99 0.30 10,144
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 8.19 8.24 8.21 0.44 29,895
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.44 8.13 8.16 0.44 25,421
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.00 8.45 8.38 0.40 19,972
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.93 7.79 7.69 0.40 16,320

Best & Worst Performance

Best (Period) Worst (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) 6.75 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.93 0.91 3.48 8.23 1.06 4.20
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Low Duration 5.65 4.37 1.61 3.10 -0.68 0.22
Rank within category 4 5 4 2 19 2
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-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 148 159 103 60
Modified Duration (yrs) 0.81 1.10 0.70 0.76
Average Maturity (yrs) 0.90 1.20 0.78 0.89
Yield to Maturity (%) 3.97 6.52 3.90 4.11
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 Reserve Bank of India 182-D 18/03/2021 Treasury Bills SOV 0.00 - 4.02 4.02
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 5.40 3.33
equal Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 2.59 2.59
up Reserve Bank of India 364-D 20/05/2021 Treasury Bills SOV 0.00 - 2.48 2.48
new Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 2.43 2.43
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 2.65 2.19
up Reserve Bank of India 182-D 11/03/2021 Treasury Bills SOV 0.00 - 1.96 1.96
equal Larsen & Toubro 270-D 26/02/2021 Commercial Paper A1+ 0.00 - 2.42 1.96
new National Bank Agr. Rur. Devp 176-D 01/06/2021 Commercial Paper A1+ 0.00 - 1.94 1.94
equal 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 2.51 1.94
equal Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 1.74 1.74
equal 5.85% Cholamandalam Invest. & Fin. 21/03/2023 Debenture AA+ 0.00 - 1.76 1.53
equal 6.22% HDFC 2021 Debenture AAA 0.00 - 1.74 1.51
new Reliance Retail Ventures 43-D 15/01/2021 Commercial Paper A1+ 0.00 - 1.48 1.48
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 1.81 1.47
equal Larsen & Toubro 247-D 26/03/2021 Commercial Paper A1+ 0.00 - 1.81 1.47
new National Bank Agr. Rur. Devp 28/05/2021 Commercial Paper A1+ 0.00 - 1.46 1.46
new National Bank Agr. Rur. Devp 180-D 21/06/2021 Commercial Paper A1+ 0.00 - 1.46 1.46
equal 5.78% HDFC-Warrant 11/2025 Debenture AAA 0.00 - 1.38 1.38
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.57 - 1.58 1.36
equal 9.60% Aadhar Housing Finance 29/09/2021 Non Convertible Debenture AA 0.00 - 1.26 1.26
equal 7.35% Mahindra Rural Housing Finance 2022 Debenture AA+ 0.00 - 1.68 1.25
equal M&M Financial Services 23/07/2021 Debenture AAA 0.00 - 1.94 1.24
equal Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 1.51 1.22
equal Tata Capital Financial Services 26/10/2021 Debenture AAA 0.00 - 1.38 1.12

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-Dec-2020

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 25-Jan-2021

Growth: ₹ 2,463.3388

Dividend Weekly: ₹ 1,011.4475

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Dividend Monthly: ₹ 1,009.6083

Dividend Daily: ₹ 1,011.7849


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
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.47%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 10,144 Cr (As on 31-Dec-2020)
Expense: 0.30% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-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
 25-Mar-20195.9733
 25-Feb-20194.8980
 25-Jan-20195.6831
 26-Dec-20186.0843
Dividend Weekly11-Jan-20210.2143

 04-Jan-20211.4159
 28-Dec-20200.8367
 21-Dec-20200.4243
 14-Dec-20200.6623
 07-Dec-20200.5540
 01-Dec-20200.8971
 23-Nov-20201.3706
 17-Nov-20201.1700
 09-Nov-20201.3984
 02-Nov-20200.6744
 26-Oct-20201.5045
 19-Oct-20201.4328
 12-Oct-20202.3056
 05-Oct-20201.5478
 28-Sep-20200.8659
 21-Sep-20201.1918
 07-Sep-20201.3748
 31-Aug-20201.0679
 24-Aug-20200.2553
 17-Aug-20201.4677
 10-Aug-20200.2679
 03-Aug-20200.9763
 27-Jul-20200.1381
 20-Jul-20201.4700
Dividend Daily08-Jan-20210.1908

 07-Jan-20210.0465
 06-Jan-20210.0094
 05-Jan-20210.4696
 04-Jan-20210.5490
 01-Jan-20210.2512
 31-Dec-20200.1466
 30-Dec-20200.2200
 29-Dec-20200.2498
 28-Dec-20200.4821
 24-Dec-20200.1345
 23-Dec-20200.1446
 22-Dec-20200.0758
 21-Dec-20200.2462
 17-Dec-20200.0871
 15-Dec-20200.0912
 14-Dec-20200.2839
 11-Dec-20200.0923
 10-Dec-20200.2182
 09-Dec-20200.0684
 07-Dec-20200.3016
 04-Dec-20200.2529
 01-Dec-20200.2737
 27-Nov-20200.0223
 26-Nov-20200.1645

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

Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM