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Axis Strategic Bond Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

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 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 6.81 0.31 1.66 7.40 7.38 8.55 --
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 --
Debt: Medium Duration 4.25 -0.36 0.61 4.81 6.06 7.42 --
Rank within category 9 6 5 9 5 4 --
Number of funds in category 16 17 17 16 15 12 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 4.45 (20-Aug-2013 - 19-Sep-2013) -4.32 (19-Jul-2013 - 19-Aug-2013)
Quarter 7.03 (12-Sep-2014 - 12-Dec-2014) -7.14 (20-May-2013 - 19-Aug-2013)
Year 17.91 (31-Jan-2014 - 02-Feb-2015) 3.51 (20-May-2013 - 20-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.03 2.45 0.51 0.54 0.57 1.33
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Medium Duration 5.75 3.20 0.26 0.62 0.61 0.06
Rank within category 6 8 6 9 7 6
Number of funds in category 16 16 16 16 16 16

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 87 94 84 49
Modified Duration (yrs) 2.90 2.90 1.70 3.04
Average Maturity (yrs) 4.00 4.00 2.20 4.24
Yield to Maturity (%) 8.43 9.68 8.38 9.35

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 5.69 5.69
new 8.30% REC 25/06/2029 Non Convertible Debenture AAA 0.00 - 4.16 4.16
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 7.31 3.39
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 3.03 2.99
equal 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 2.75 - 2.97 2.92
equal 8.49% Nat. Highways Authority 2029 Non Convertible Debenture AAA 0.00 - 2.80 2.69
up 9.95% Syndicate Bank Debenture A+ 1.41 - 2.56 2.56
equal 9.08% Union Bank of India 31/12/2099 Bonds AA 1.75 - 2.46 2.45
equal JSW Techno Projects Management 28/09/2021 Debenture A 2.07 - 2.33 2.30
new 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 2.16 2.16
equal 8.10% REC 25/06/2024 Non Convertible Debenture AAA 0.00 - 2.12 2.09
equal 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 2.13 2.08
equal 7.60% Grasim Industries 2024 Non Convertible Debenture AAA 0.00 - 2.13 2.07
equal 7.78% LIC Housing Fin. 29/08/2024 Debenture AAA 0.00 - 2.11 2.05
equal 7.75% LIC Housing Fin. 23/07/2024 Debenture AAA 0.00 - 2.06 2.05
equal 11.94% Ess Kay Fincorp 13/09/2022 Debenture A 0.00 - 2.10 2.04
equal 9.25% Indostar Capital Finance 26/02/2020 Debenture AA- 1.96 - 2.10 2.03
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 1.92 - 2.07 2.01
equal 11.25% Hansdeep Industries & Trading 13/08/2020 Debenture AA 0.00 - 2.04 2.00
equal Magma Fincorp 15/09/2020 Debenture AAA 0.00 - 2.15 1.67
new 7.55% IRFC 2029 Debenture AAA 0.00 - 1.64 1.64
equal 8.95% Jubilant Life Sciences 2020 Non Convertible Debenture AA 1.58 - 1.70 1.64
equal 9.15% Birla Corporation 18/08/2021 Debenture AA 0.00 - 1.66 1.62
equal 8.72% PVR 15/04/2022 Debenture AA- 1.53 - 1.66 1.61
equal 8.35% Bharti Airtel 20/04/2021 Non Convertible Debenture AA 1.54 - 1.66 1.61

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-Nov-2019

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:

— Dhaval Patel since 01-Jun-2018

Education: Mr. Patel has done IBS from Hyderabad

Experience: Prior to joining Axis Mutual Fund he has worked with Credit Analysis & Research Ltd.


-0.05%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 19.9248

Dividend Quarterly: ₹ 10.6869

Dividend Half Yearly: ₹ 10.9834


Investment Strategy

The scheme will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 01-Jan-2013
Benchmark: NIFTY Medium Duration
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,229 Cr (As on 30-Nov-2019)
Expense: 0.37% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly26-Sep-20190.2161

 26-Mar-20190.3602
 25-Sep-20180.3602
 26-Mar-20180.3611
 25-Sep-20170.3611
 27-Mar-20170.3611
 26-Sep-20160.3611
 28-Mar-20160.3611
 28-Sep-20150.2889
Dividend Quarterly26-Sep-20190.1801

 26-Jun-20190.1801
 26-Mar-20190.1801
 26-Dec-20180.1801
 25-Sep-20180.1801
 25-Jun-20180.1801
 26-Mar-20180.1806
 26-Dec-20170.1806
 25-Sep-20170.1806
 27-Jun-20170.1806
 27-Mar-20170.1806
 26-Dec-20160.1806
 26-Sep-20160.1806
 27-Jun-20160.1806
 28-Mar-20160.1806
 28-Dec-20150.1806
 28-Sep-20150.1806
 25-Jun-20150.1806
 25-Mar-20150.1815
 26-Dec-20140.1815
 25-Sep-20140.1948
 26-Jun-20140.1948
 25-Mar-20140.1948
 27-May-20130.1752
 25-Mar-20130.2202

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: www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM