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5 star

Axis Treasury Advantage Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 5.40 -0.02 0.10 0.54 2.97 4.48 8.71 8.32 8.32 8.73 --
CCIL T Bill Liquidity Weight 2.20 0.01 0.05 0.18 0.64 1.81 3.71 4.06 4.27 4.78 --
Debt: Low Duration 4.54 -0.01 0.11 1.50 4.00 3.57 6.88 5.62 6.63 7.39 --
Rank within category 8 18 14 13 12 8 11 3 4 3 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 06-Aug-2020

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  | Invest Online
5 star
Jan-13 8.71 8.32 8.32 0.30 4,955
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 9.03 8.08 8.35 0.41 18,689
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.32 8.46 8.60 0.41 11,158
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.54 7.96 7.98 0.40 8,548
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 9.85 8.63 8.96 0.34 5,969

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 8.06 0.87 3.27 8.36 0.71 3.69
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Low Duration 5.71 4.36 1.39 2.80 -1.00 -0.70
Rank within category 3 5 2 1 17 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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 98 128 51 44
Modified Duration (yrs) 0.95 1.10 0.70 --
Average Maturity (yrs) 1.06 1.20 0.78 --
Yield to Maturity (%) 4.60 7.11 4.60 --

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 19/11/2020 Treasury Bills SOV 0.00 - 6.58 6.58
down Grasim Industries 316-D 22/09/2020 Commercial Paper A1+ 0.00 - 6.89 5.01
equal 6.98% National Bank Agr. Rur. Devp 30/09/2020 Debenture AAA 0.73 - 5.01 4.68
new Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 4.47 4.47
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 3.08 2.94
down 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 2.65 2.09
new Reserve Bank of India 182-D 24/12/2020 Treasury Bills SOV 0.00 - 1.99 1.99
equal First Business Receivable Trust Securitised Debt AAA 0.24 - 0.41 1.91
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.00 - 2.16 1.89
equal 8.40% Larsen & Toubro 24/09/2020 Debenture AAA 0.00 - 1.97 1.84
equal 8.50% REC 20/12/2021 Bonds/NCDs AAA 0.00 - 1.65 1.59
equal REC 13/12/2022 Debenture AAA 0.00 - 1.78 1.56
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.00 - 3.97 1.54
equal ICICI Bank 31/12/2020 Certificate of Deposit A1+ 0.00 - 1.70 1.49
new Export-Import Bank 188-D 04/01/2021 Certificate of Deposit A1+ 0.00 - 1.49 1.49
equal Barclays Investments & Loans 270-D 23/11/2020 Commercial Paper A1+ 0.00 - 1.69 1.48
equal HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 1.54 1.47
equal Grasim Industries 333-D 26/03/2021 Commercial Paper A1+ 0.00 - 1.54 1.47
new National Bank Agr. Rur. Devp 17/06/2021 Certificate of Deposit A1+ 0.00 - 1.46 1.46
equal 6.70% IRFC 24/11/2021 Bonds/NCDs AAA 0.00 - 1.67 1.46
equal Bajaj Housing Finance 366-D 29/01/2021 Commercial Paper A1+ 0.00 - 1.57 1.38
equal 7.50% Power Finance Corp. 16/08/2021 Debenture AAA 0.14 - 1.66 1.35
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 2.26 1.34
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 1.27 1.24
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 1.17 1.15

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 30-Jun-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.

Funds Managed:


-0.02%

Change from previous, NAV as on 06-Aug-2020

Growth: ₹ 2,409.2596

Dividend Weekly: ₹ 1,011.8885

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Dividend Monthly: ₹ 1,010.8363

Dividend Daily: ₹ 1,012.2794


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: 8.70%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,955 Cr (As on 30-Jun-2020)
Expense: 0.30% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily05-Aug-20200.1734

 04-Aug-20200.2752
 03-Aug-20200.3056
 31-Jul-20200.4827
 30-Jul-20200.1640
 24-Jul-20200.1625
 20-Jul-20200.4111
 17-Jul-20200.3476
 16-Jul-20200.2997
 15-Jul-20200.4119
 13-Jul-20200.5165
 10-Jul-20200.4608
 09-Jul-20200.2558
 08-Jul-20200.2127
 07-Jul-20200.1997
 06-Jul-20200.6677
 03-Jul-20200.4561
 02-Jul-20200.1774
 29-Jun-20200.3676
 26-Jun-20200.2947
 25-Jun-20200.2983
 24-Jun-20200.3079
 23-Jun-20200.2891
 22-Jun-20200.5041
 19-Jun-20200.2552
Dividend Weekly03-Aug-20200.9763

 27-Jul-20200.1381
 20-Jul-20201.4700
 13-Jul-20202.4931
 06-Jul-20201.3034
 29-Jun-20201.5609
 22-Jun-20201.6644
 15-Jun-20202.4453
 08-Jun-20200.8929
 01-Jun-20200.1184
 26-May-20204.3979
 18-May-20204.3204
 11-May-20202.6710
 04-May-20200.5361
 27-Apr-20200.0174
 20-Apr-20204.6211
 07-Apr-20200.3447
 30-Mar-20201.9282
 09-Mar-20200.8432
 02-Mar-20200.4393
 24-Feb-20200.4287
 17-Feb-20200.9514
 10-Feb-20202.1424
 03-Feb-20200.9370
 27-Jan-20201.3576
Dividend Monthly27-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
 26-Nov-20185.6050
 25-Oct-20186.1692
 25-Sep-20181.4280
 27-Aug-20184.9727
 25-Jul-20184.9498
 25-Jun-20186.1992

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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