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4 star

Axis Credit Risk Fund - Regular Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

"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

  • 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 5.63 0.03 0.09 0.38 1.06 2.66 6.21 6.43 5.97 7.13 --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 3.25 3.53 4.01 --
Debt: Credit Risk 8.45 0.04 0.10 0.36 3.55 5.43 9.06 2.64 3.43 6.26 --
Rank within category 10 9 10 7 12 13 10 7 7 5 --
Number of funds in category 16 16 16 16 16 16 16 16 15 12 4

As on 26-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Credit Risk Fund - Regular Plan
4 star
Jul-14 6.21 6.43 5.97 1.68% 741
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 7.33 9.09 7.43 1.61% 8,757
ICICI Prudential Credit Risk Fund  | Invest Now
5 star
Dec-10 6.48 8.71 7.67 1.55% 8,304
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 5.18 7.31 6.70 1.55% 3,341
Aditya Birla Sun Life Credit Risk Fund - Regular Plan  | Invest Online
4 star
Apr-15 6.72 6.14 6.22 1.92% 1,441

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.40 2.77 0.92 0.72 -0.46 2.25
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Credit Risk 3.16 7.16 0.59 0.72 -4.72 -3.60
Rank within category 7 6 6 7 13 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 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 48 50 40 29
Modified Duration (yrs) 1.30 1.65 1.10 --
Average Maturity (yrs) 1.93 2.70 1.60 --
Yield to Maturity (%) 6.29 7.77 6.21 --
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
equal 5.35% Telesonic Network 28/04/2023 Debenture AA+ 0.00 - 4.74 4.73
equal Aditya Birla Fashion and Retail 2022 Debenture AA 0.00 - 4.20 4.12
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 4.05 - 5.38 4.05
equal 9.10% India Grid Trust 2022 Debenture AAA 3.46 - 4.65 3.46
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 2.19 - 3.61 3.45
equal 9.50% Nirma Perpetual Bond AA- 3.37 - 4.37 3.43
equal 7.15% Flometallic India 20/06/2025 Non Convertible Debenture AA+ 0.00 - 3.62 3.39
equal 9.95% Narmada Wind Energy Pvt. 31/03/2023 Debenture A+ 3.11 - 4.19 3.11
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.86 - 5.76 2.88
equal 6.49% Sepset Construction 2024 Non Convertible Debenture AAA 0.00 - 2.97 2.80
equal 6.92% Godrej Industries 14/05/2025 Debenture AA 0.00 - 3.21 2.75
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 2.81 2.74
equal 7.80% Hinduja Leyland Finance 29/12/2023 Debenture AA- 0.00 - 2.70 2.68
equal 6.10% Sundew Properties 28/06/2024 Debenture AAA 0.00 - 2.69 2.68
new Vedanta 91-D 21/01/2022 Commercial Paper A1+ 0.00 - 2.67 2.67
equal Piramal Capital & Housing Finance 202-D 10/03/2022 Commercial Paper A1+ 0.00 - 2.66 2.64
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 2.35 - 3.11 2.35
equal Tata Power Company Perpetual Bond AA 2.18 - 2.96 2.18
equal 7.25% NUVOCO Vistas Corp. 25/09/2023 Debenture AA 2.05 - 2.69 2.05
equal 7.36% JK Cement 23/07/2024 Debenture AA+ 0.00 - 2.10 2.04
equal Bharti Hexacom 19/01/2024 Non Convertible Debenture AA+ 0.00 - 2.04 2.03
equal 7.15% Tata Motors Finance 25/06/2024 Non Convertible Debenture AA- 0.00 - 2.15 2.03
equal 5.90% Bharti Hexacom 30/04/2024 Debenture AA+ 0.00 - 2.03 2.02
equal 8.25% DLF 25/03/2024 Debenture A+ 0.00 - 2.52 2.02
equal First Business Receivable Trust Securitised Debt AAA 1.92 - 2.39 1.92

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-Oct-2021

Fund Manager

— 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:


0.03%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 16.9633

IDCW Weekly: ₹ 10.1703

IDCW Monthly: ₹ 10.1190


Investment Strategy

The scheme seeks to generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum.

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
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: 15-Jul-2014
Return Since Launch: 7.43%
Benchmark: NIFTY Credit Risk Bond Index
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 741 Cr (As on 31-Oct-2021)
Expense: 1.68% (As on 31-Oct-2021)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly25-Nov-20210.0444

 25-Oct-20210.0419
 27-Sep-20210.0717
 25-Aug-20210.0476
 26-Jul-20210.0496
 25-Jun-20210.0625
 25-May-20210.0547
 26-Apr-20210.0683
 25-Mar-20210.0450
 25-Feb-20210.0572
 25-Jan-20210.0692
 28-Dec-20200.0708
 25-Nov-20200.0613
 26-Oct-20200.0614
 25-Sep-20200.0555
 25-Aug-20200.0606
 27-Jul-20200.0996
 25-Jun-20200.0781
 26-May-20200.0571
 27-Apr-20200.0339
 25-Feb-20200.0542
 27-Jan-20200.0543
 26-Dec-20190.0306
 25-Nov-20190.0452
 27-May-20190.0534
IDCW Weekly22-Nov-20210.0084

 15-Nov-20210.0111
 08-Nov-20210.0140
 25-Oct-20210.0011
 18-Oct-20210.0091
 11-Oct-20210.0023
 04-Oct-20210.0149
 27-Sep-20210.0004
 20-Sep-20210.0096
 13-Sep-20210.0069
 06-Sep-20210.0169
 30-Aug-20210.0128
 23-Aug-20210.0148
 17-Aug-20210.0327
 09-Aug-20210.0059
 02-Aug-20210.0175
 26-Jul-20210.0103
 19-Jul-20210.0271
 12-Jul-20210.0081
 14-Jun-20210.0193
 07-Jun-20210.0160
 31-May-20210.0153
 24-May-20210.0117
 17-May-20210.0141
 10-May-20210.0157

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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