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4 star

Axis Strategic Bond Fund - Direct Plan


Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than 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.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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 6.99 0.06 0.04 0.41 3.72 4.60 10.52 8.10 9.17 10.05 --
VR Bond 5.79 0.04 -0.15 0.18 2.04 4.35 7.12 6.90 7.43 7.98 --
Debt: Medium Duration 4.20 0.06 0.01 0.11 3.75 2.36 6.42 6.38 7.67 8.80 --
Rank within category 6 10 11 5 10 8 6 5 1 1 --
Number of funds in category 16 18 18 17 17 17 16 14 13 9 0

As on 13-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Strategic Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 10.52 8.10 9.17 0.35 859
ICICI Prudential Medium Term Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 11.14 7.93 8.88 0.98 5,038
SBI Magnum Medium Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 12.23 9.43 10.32 0.78 3,719
IDFC Bond Fund Medium Term Plan - Direct Plan
4 star
Jan-13 11.05 8.69 8.98 0.75 3,098
HDFC Medium Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 9.58 8.11 8.75 0.49 1,051

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.76 (19-Aug-2013 - 26-Aug-2013) -3.21 (12-Aug-2013 - 19-Aug-2013)
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 7.97 2.49 1.10 1.28 0.50 1.96
VR Bond 6.81 1.95 0.81 1.77 -- --
Debt: Medium Duration 5.53 4.48 0.50 1.05 0.56 -0.58
Rank within category 4 5 5 6 5 2
Number of funds in category 15 15 15 15 15 15

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 62 90 62 31
Modified Duration (yrs) 3.20 3.20 1.80 --
Average Maturity (yrs) 4.10 4.40 2.40 --
Yield to Maturity (%) 8.05 9.32 8.05 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.79% GOI 2030 GOI Securities SOV 0.00 - 8.17 8.17
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.04 - 9.44 6.11
equal 8.30% REC 25/06/2029 Non Convertible Debenture AAA 0.00 - 5.11 5.07
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 9.55 4.08
equal 9.50% Nirma Non Convertible Debenture AA- 0.00 - 4.09 4.01
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 4.25 3.74
equal 9.10% India Grid Trust 2022 Debenture AAA 2.08 - 3.41 3.32
equal 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 3.30 3.27
new 7.36% JK Cement 23/07/2024 Debenture AA 0.00 - 2.90 2.90
equal Indostar Capital Finance 15/03/2021 Non Convertible Debenture AA- 0.00 - 2.92 2.87
equal 9.47% Shriram Transport Finance 2021 Non Convertible Debenture AA+ 0.00 - 2.89 2.82
up Tata Power 21/08/2072 Debenture AA- 0.77 - 2.73 2.73
up 8.50% Bank of Baroda Bonds AA 0.24 - 2.70 2.70
equal 7.17% Power Finance Corp. 22/05/2025 Debenture AAA 0.00 - 2.46 2.46
equal Indiabulls Consumer Finance 2024 Securitised Debt AAA 0.00 - 2.76 2.46
down 7.33% LIC Housing Fin. 2025 Debenture AAA 0.00 - 5.54 2.45
equal First Business Receivable Trust Securitised Debt AAA 0.33 - 1.89 2.42
new 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 2.36 2.36
equal 8.72% PVR 15/04/2022 Debenture AA 0.00 - 2.39 2.34
equal 8.28% Oriental Nagpur Betul Highway 30/03/2024 Debenture AAA 1.57 - 2.33 2.33
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 0.00 - 1.94 1.88
new 8.75% NUVOCO Vistas Corp. 15/09/2021 Non Convertible Debenture AA 0.00 - 1.76 1.76
equal 11.96% Northern ARC Capital 13/01/2022 Debenture A+ 0.00 - 1.80 1.76
new 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 1.74 1.74
equal 8.40% Tata Realty and Infrastructure 2022 Debenture AA 0.00 - 4.05 1.73

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:

— 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.


0.06%

Change from previous, NAV as on 13-Aug-2020

Growth: ₹ 21.5104

Dividend Quarterly: ₹ 10.7554

Dividend Half Yearly: ₹ 11.5456


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
Return Since Launch: 9.40%
Benchmark: NIFTY Medium Duration
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 859 Cr (As on 31-Jul-2020)
Expense: 0.35% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-Jun-20200.2500

 27-Mar-20200.1801
 27-Dec-20190.1801
 26-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
Dividend Half Yearly27-Mar-20200.2161

 26-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

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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