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4 star

Axis Strategic Bond Fund - Direct Plan download report


Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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
Axis Strategic Bond Direct-G 1.96 0.01 -0.11 0.75 1.93 1.86 4.40 7.45 7.27 8.33 --
VR Bond 0.66 -0.14 0.07 0.63 1.57 1.27 2.63 3.87 5.08 5.99 --
Debt: Medium Duration 2.06 0.01 0.01 1.47 2.66 2.16 4.28 5.83 5.98 7.11 --
Rank within category 4 17 19 9 10 4 5 3 4 2 --
Number of funds in category 19 20 20 20 20 19 19 15 13 12 0

As on 08-Aug-2022

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
4 star
Jan-13 4.40 7.45 7.27 0.39 1,670
SBI Magnum Medium Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.11 7.28 7.63 0.68 9,290
ICICI Prudential Medium Term Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.51 7.87 7.28 0.75 6,332
HDFC Medium Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.42 6.89 7.13 0.58 3,635
Aditya Birla Sun Life Medium Term Plan - Direct Plan  | Invest Online
5 star
Jan-13 24.70 10.18 8.31 0.87 1,628

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.24 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis Strategic Bond Direct-G 7.35 1.98 1.95 3.00 0.74 3.58
VR Bond 3.88 1.88 0.21 0.29 -- --
Debt: Medium Duration 5.91 4.18 0.95 1.47 0.75 2.13
Rank within category 3 1 1 2 4 3
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-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 68 90 68 38
Modified Duration (yrs) 2.79 2.79 2.19 2.35
Average Maturity (yrs) 4.08 4.88 3.36 3.14
Yield to Maturity (%) 7.67 7.67 6.26 7.15
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
up 7.38% GOI 20/06/2027 GOI Securities SOV 0.00 - 18.83 18.83
up 6.54% GOI 17/01/2032 GOI Securities SOV 0.00 - 14.46 14.46
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 2.68 - 6.59 5.00
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 7.20 4.79
equal National Bank Agr. Rur. Devp 14/02/2023 Commercial Paper A1+ 0.00 - 2.90 2.90
equal 8.41% Pune Solapur Expressways 30/03/2029 Debenture AA 1.40 - 2.36 2.24
equal 5.35% Telesonic Network 28/04/2023 Debenture AA+ 0.00 - 1.79 1.78
equal 6.70% DLF Cyber City Developers 30/09/2024 Debenture AA 0.00 - 1.74 1.74
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 1.44 - 1.64 1.59
equal Muthoot Finance 26/08/2024 Debenture AA+ 1.36 - 1.55 1.51
new 7.75% JM Financial Products 13/01/2023 Non Convertible Debenture AA 0.00 - 1.50 1.50
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 1.50 1.50
equal 7.20% HDFC 13/04/2023 Non Convertible Debenture AAA 0.00 - 1.50 1.50
equal 9.18% Navi Finserv Private 2023 Debenture A 0.00 - 1.49 1.49
equal 7.25% NUVOCO Vistas Corp. 25/09/2023 Debenture AA 1.36 - 1.58 1.49
new 9.50% Prestige Projects Private 2026 Debenture A+ 0.00 - 1.49 1.49
equal IndInfravit Trust 2038 Debenture AAA 1.33 - 1.55 1.46
equal 5.42% HDB Financial Services 17/01/2024 Debenture AAA 0.00 - 1.46 1.46
equal 7.15% Flometallic India 20/06/2025 Non Convertible Debenture AA+ 1.34 - 1.56 1.46
equal 6.72% India Grid Trust 14/09/2026 Non Convertible Debenture AAA 0.00 - 1.49 1.45
equal First Business Receivable Trust Securitised Debt AAA 0.27 - 1.11 1.40
equal 7.27% G R Infraprojects 2025 Debenture AA 1.37 - 1.88 1.38
equal Tata Power Company 21/08/2072 Non Convertible Debenture AA 1.23 - 1.47 1.35
equal 10.90% Vivriti Capital 30/12/2022 Debenture A 0.00 - 1.31 1.31
equal 8.28% Oriental Nagpur Betul Highway 30/03/2024 Debenture AAA 1.10 - 1.29 1.20

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-2022

Fund Manager

— Kaustubh Sule since 09-Nov-2021

Education: Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance)

Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with HDFC Standard Life Insurance Company Ltd., Reliance Life Insurance Company Ltd., Union Bank of India, Hexaware Technologies Ltd.

Funds Managed:

— 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.

Interviews:

Funds Managed:


0.01%

Change from previous, NAV as on 08-Aug-2022

Growth: ₹ 24.1700

IDCW Quarterly: ₹ 10.3404

IDCW Half Yearly: ₹ 11.7561


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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 100
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1
Lock-in Period Not Applicable
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: 8.70%
Benchmark: NIFTY Medium Duration Debt Index C-III
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,670 Cr (As on 31-Jul-2022)
Expense Ratio: 0.39% (As on 30-Jun-2022)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Half Yearly25-Mar-20220.3000

 27-Sep-20210.2500
 25-Mar-20210.3000
 25-Sep-20200.3000
 27-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
IDCW Quarterly25-Mar-20220.1500

 27-Dec-20210.2500
 27-Sep-20210.2500
 25-Jun-20210.2500
 25-Mar-20210.2500
 28-Dec-20200.2500
 25-Sep-20200.2500
 26-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

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

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies 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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