1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.
Taxability of earnings:
Capital gains
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 0.14 | -0.03 | -0.04 | 0.34 | 1.71 | 3.90 | 7.77 | 6.07 | 6.85 | -- | -- |
CCIL T Bill Liquidity Weight | 0.09 | 0.03 | 0.04 | 0.15 | 0.50 | 1.08 | 3.01 | 3.80 | 4.01 | -- | -- |
Debt: Credit Risk | 0.19 | -0.01 | 0.03 | 0.41 | 1.76 | 4.24 | 0.36 | 1.30 | 3.77 | -- | -- |
Rank within category | 11 | 15 | 17 | 9 | 10 | 10 | 5 | 6 | 6 | -- | -- |
Number of funds in category | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 16 | 15 | 6 | 4 |
As on 22-Jan-2021
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Axis Credit Risk Fund - Regular Plan | Jul-14 | 7.77 | 6.07 | 6.85 | 1.67 | 560 | |
ICICI Prudential Credit Risk Fund | Invest Now | Dec-10 | 9.31 | 8.57 | 8.38 | 1.65 | 6,735 | |
HDFC Credit Risk Debt Fund - Regular Plan | Invest Online | Mar-14 | 10.51 | 8.28 | 8.45 | 1.57 | 6,601 | |
SBI Credit Risk Fund | Invest Online | Jul-04 | 9.06 | 7.34 | 7.85 | 1.55 | 3,671 | |
Kotak Credit Risk Fund Regular Plan | Invest Online | May-10 | 6.08 | 7.18 | 7.68 | 1.73 | 1,845 |
Best (Period) | Worst (Period) | |
---|---|---|
Week | 2.19 (24-Mar-2020 - 31-Mar-2020) | -3.49 (03-Jun-2019 - 10-Jun-2019) |
Month | 2.42 (24-Mar-2020 - 23-Apr-2020) | -3.23 (31-May-2019 - 01-Jul-2019) |
Quarter | 3.82 (25-Aug-2016 - 24-Nov-2016) | -2.44 (02-Apr-2019 - 02-Jul-2019) |
Year | 11.10 (24-Nov-2015 - 24-Nov-2016) | 2.25 (25-Mar-2019 - 24-Mar-2020) |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | 6.01 | 2.84 | 0.44 | 0.35 | -0.26 | 0.99 |
CCIL T Bill Liquidity Weight | 3.78 | 0.34 | -2.89 | -5.80 | -- | -- |
Debt: Credit Risk | 1.66 | 6.60 | 0.06 | 0.23 | -3.35 | -6.40 |
Rank within category | 6 | 6 | 6 | 6 | 13 | 5 |
Number of funds in category | 17 | 17 | 17 | 17 | 17 | 17 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Dec-2020
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 41 | 74 | 37 | 27 |
Modified Duration (yrs) | 1.20 | 2.10 | 1.20 | 1.57 |
Average Maturity (yrs) | 1.60 | 2.80 | 1.60 | 1.82 |
Yield to Maturity (%) | 7.77 | 10.86 | 7.77 | 7.39 |
Avg Credit Rating | AA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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Essel Mining Industries 17/07/2022 | Debenture | AA- | 2.91 - 6.33 | 6.26 |
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Embassy Office Parks REIT 2022 | Non Convertible Debenture | AAA | 3.31 - 5.76 | 5.76 |
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Bahadur Chand Investments 2024 | Zero Coupon Bonds | AA | 0.00 - 5.41 | 5.38 |
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9.10% India Grid Trust 2022 | Debenture | AAA | 2.14 - 4.68 | 4.65 |
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9.50% Nirma | Non Convertible Debenture | AA- | 2.04 - 4.37 | 4.37 |
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9.95% Narmada Wind Energy Pvt. 31/03/2023 | Debenture | A+ | 3.05 - 5.65 | 4.19 |
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2.00% Tata Steel 23/04/2022 | Debenture | AA | 0.00 - 3.79 | 3.79 |
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11.96% Northern ARC Capital 13/01/2022 | Debenture | A+ | 1.66 - 3.61 | 3.58 |
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8.72% PVR 14/04/2023 | Debenture | AA | 0.00 - 3.53 | 3.44 |
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Magma Fincorp 28/09/2023 | Debenture | AAA | 2.87 - 4.68 | 3.41 |
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IndInfravit Trust 2038 | Non Convertible Debenture | AAA | 0.00 - 3.11 | 3.11 |
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Tata Power 21/08/2072 | Debenture | AA | 0.00 - 2.96 | 2.96 |
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7.50% Godrej Properties 31/07/2023 | Zero Coupon Bonds | AA | 0.00 - 2.73 | 2.70 |
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7.36% JK Cement 23/07/2024 | Debenture | AA | 0.00 - 2.70 | 2.69 |
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7.25% NUVOCO Vistas Corp. 25/09/2023 | Debenture | AA | 0.00 - 2.70 | 2.69 |
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Indiabulls Consumer Finance 2024 | Securitised Debt | AAA | 2.34 - 3.53 | 2.59 |
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Shriram Transport Finance 31/05/2021 | Debenture | AA+ | 0.00 - 2.46 | 2.46 |
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First Business Receivable Trust | Securitised Debt | AAA | 0.97 - 2.39 | 2.39 |
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9.45% Indostar Capital Finance 24/09/2021 | Debenture | AA- | 1.03 - 2.31 | 2.30 |
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8.55% Talwandi Sabo Power 23/04/2021 | Debenture | AA | 1.03 - 2.21 | 2.21 |
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9.15% Birla Corporation 18/08/2021 | Debenture | AA | 1.70 - 4.18 | 2.17 |
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8.28% Oriental Nagpur Betul Highway 30/09/2022 | Debenture | AAA | 1.39 - 2.96 | 1.84 |
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8.40% Tata Realty and Infrastructure 2022 | Debenture | AA | 0.00 - 4.18 | 1.83 |
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8.41% Pune Solapur Expressways 30/03/2029 | Debenture | AA | 0.00 - 1.83 | 1.83 |
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8.75% NUVOCO Vistas Corp. 15/09/2021 | Non Convertible Debenture | AA | 0.00 - 1.84 | 1.82 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2020
— Devang Shah since 25-Jun-2014
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:
— Dhaval Patel since 04-Sep-2020
Education: Mr. Patel has done IBS from Hyderabad
Experience: Prior to joining Axis Mutual Fund he has worked with Credit Analysis & Research Ltd.
Funds Managed:
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The scheme seeks to generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum.
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 |
Fund House: | Axis Mutual Fund |
Launch Date: | 15-Jul-2014 |
Return Since Launch: | 7.55% |
Benchmark: | NIFTY Credit Risk Bond TRI |
Riskometer: | High |
Type: | Open-ended |
Assets: | ₹ 560 Cr (As on 31-Dec-2020) |
Expense: | 1.67% (As on 31-Dec-2020) |
Risk Grade: | Below Average |
Return Grade: | Average |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Weekly | 11-Jan-2021 | 0.0116 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Monthly | 28-Dec-2020 | 0.0708 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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