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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
₹ 1.23 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 0.18 0.06 0.16 0.28 0.92 2.63 5.99 6.08 6.04 6.98 --
CCIL T Bill Liquidity Weight 0.09 0.02 0.03 0.21 0.49 1.07 2.12 3.13 3.51 3.93 --
Debt: Credit Risk 0.11 0.02 0.11 0.13 0.78 4.75 8.63 2.36 3.41 6.11 --
Rank within category 2 2 4 1 4 9 10 7 7 5 --
Number of funds in category 16 16 16 16 16 16 16 16 15 12 4

As on 14-Jan-2022

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 5.99 6.08 6.04 1.68% 730
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
5 star
Mar-14 6.73 8.73 7.51 1.56% 8,979
ICICI Prudential Credit Risk Fund  | Invest Now
5 star
Dec-10 6.32 8.41 7.68 1.54% 8,416
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 5.14 6.95 6.70 1.55% 3,289
Kotak Credit Risk Fund Regular Plan  | Invest Online
3 star
May-10 5.25 6.82 6.58 1.74% 1,857

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 6.04 2.75 0.84 0.68 -0.63 1.93
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Credit Risk 2.87 7.09 0.56 0.71 -5.19 -3.98
Rank within category 7 7 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-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 49 50 40 28
Modified Duration (yrs) 1.54 1.65 1.10 1.92
Average Maturity (yrs) 2.03 2.70 1.65 2.47
Yield to Maturity (%) 0.07 7.45 0.07 5.41
Avg Credit Rating AA -- -- --

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 - 4.80 4.80
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.70 - 4.23 4.23
equal Aditya Birla Fashion and Retail 2022 Debenture AA 0.00 - 4.21 4.21
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 4.05 - 5.07 4.12
equal 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 2.19 - 3.61 3.51
equal 9.50% Nirma Perpetual Bond AA- 3.37 - 4.20 3.47
equal 7.15% Flometallic India 20/06/2025 Non Convertible Debenture AA+ 0.00 - 3.62 3.43
new 5.15% GOI 2025 GOI Securities SOV 0.00 - 3.37 3.37
equal 9.95% Narmada Wind Energy Pvt. 31/03/2023 Debenture A+ 3.11 - 3.94 3.12
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 2.79
equal 6.70% DLF Cyber City Developers 30/09/2024 Debenture AA 0.00 - 2.73 2.73
equal Vedanta 91-D 21/01/2022 Commercial Paper A1+ 0.00 - 2.73 2.73
equal 7.80% Hinduja Leyland Finance 29/12/2023 Debenture AA- 0.00 - 2.73 2.73
equal 6.10% Sundew Properties 28/06/2024 Debenture AAA 0.00 - 2.71 2.71
equal Piramal Capital & Housing Finance 202-D 10/03/2022 Commercial Paper A1+ 0.00 - 2.71 2.71
equal Tata Teleservices (Mah) 364-D 21/11/2022 Commercial Paper A1+ 0.00 - 2.62 2.62
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 2.34 - 2.93 2.35
equal Tata Power Company 21/08/2072 Non Convertible Debenture AA 2.18 - 2.79 2.20
equal 9.65% NUVOCO Vistas Corp. 2077 Floating Rate Debenture AA- 0.00 - 2.13 2.13
equal 7.25% NUVOCO Vistas Corp. 25/09/2023 Debenture AA 2.05 - 2.54 2.08
equal 7.36% JK Cement 23/07/2024 Debenture AA+ 0.00 - 2.10 2.07
equal Bharti Hexacom 19/01/2024 Non Convertible Debenture AA+ 0.00 - 2.06 2.06
equal 8.25% DLF 25/03/2024 Debenture AA- 0.00 - 2.06 2.06
equal 7.15% Tata Motors Finance 25/06/2024 Non Convertible Debenture AA- 0.00 - 2.15 2.05

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-Dec-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:


0.06%

Change from previous, NAV as on 14-Jan-2022

Growth: ₹ 17.0506

IDCW Weekly: ₹ 10.1807

IDCW Monthly: ₹ 10.1281


Investment Strategy

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

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: 15-Jul-2014
Return Since Launch: 7.37%
Benchmark: NIFTY Credit Risk Bond Index
Riskometer: High
Type: Open-ended
Assets: ₹ 730 Cr (As on 31-Dec-2021)
Expense: 1.68% (As on 30-Nov-2021)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly10-Jan-20220.0010

 03-Jan-20220.0077
 27-Dec-20210.0025
 20-Dec-20210.0035
 13-Dec-20210.0088
 06-Dec-20210.0108
 29-Nov-20210.0074
 22-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
IDCW Monthly27-Dec-20210.0429

 25-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

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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