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4 star

Axis Credit Risk Fund - Direct Plan download report


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.05 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
Axis Credit Risk Direct-G 2.76 0.03 0.24 0.85 2.07 1.97 4.66 7.55 6.77 7.77 --
CCIL T Bill Liquidity Weight 1.26 0.01 0.04 0.24 0.72 0.96 1.99 2.58 3.26 3.62 --
Debt: Credit Risk 11.98 -0.01 0.20 0.78 1.95 10.35 16.40 6.29 4.89 6.35 --
Rank within category 6 2 4 5 4 5 10 5 6 7 --
Number of funds in category 15 15 15 15 15 15 15 15 15 14 0

As on 18-Aug-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 - Direct Plan
4 star
Jul-14 4.66 7.55 6.77 0.81 671
HDFC Credit Risk Debt Fund - Direct Plan  | Invest Online
4 star
Mar-14 4.41 8.26 7.57 0.96 8,631
ICICI Prudential Credit Risk Fund - Direct Plan  | Invest Now
4 star
Jan-13 5.62 8.32 8.08 0.88 7,943
SBI Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.37 7.17 6.88 0.92 2,964
Kotak Credit Risk Fund - Direct Plan  | Invest Online
3 star
Jan-13 2.14 6.04 6.62 0.74 1,556

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.21 24-Mar-2020 - 31-Mar-2020 -3.46 03-Jun-2019 - 10-Jun-2019
Month 2.51 24-Mar-2020 - 23-Apr-2020 -3.12 31-May-2019 - 01-Jul-2019
Quarter 4.17 25-Aug-2016 - 24-Nov-2016 -2.11 02-Apr-2019 - 02-Jul-2019
Year 12.45 24-Nov-2015 - 24-Nov-2016 3.48 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis Credit Risk Direct-G 7.24 1.70 2.21 2.57 0.30 4.02
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Credit Risk 7.57 9.54 0.97 1.32 -5.56 -0.90
Rank within category 5 3 2 3 13 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 46 50 44 31
Modified Duration (yrs) 1.46 1.65 1.30 1.71
Average Maturity (yrs) 1.93 2.30 1.79 2.34
Yield to Maturity (%) 7.75 7.98 6.21 7.41
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
up 5.15% GOI 2025 GOI Securities SOV 0.00 - 7.08 7.08
equal Aditya Birla Fashion and Retail 2022 Debenture AA 4.11 - 4.69 4.69
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 4.05 - 4.45 4.45
new 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 3.74 3.74
new National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 3.69 3.69
equal 7.15% Flometallic India 20/06/2025 Non Convertible Debenture AA+ 3.35 - 3.64 3.64
equal 9.25% Birla Corporation 18/08/2026 Debenture AA 0.00 - 3.50 3.50
equal 7.80% Hinduja Leyland Finance 29/12/2023 Debenture AA- 0.00 - 2.94 2.94
equal Tata Teleservices (Mah) 364-D 21/11/2022 Commercial Paper A1+ 0.00 - 2.92 2.92
equal 6.49% Sepset Construction 2024 Non Convertible Debenture AAA 2.74 - 2.91 2.89
equal 6.10% Sundew Properties 28/06/2024 Debenture AAA 0.00 - 2.89 2.89
equal 6.70% DLF Cyber City Developers 30/09/2024 Debenture AA 0.00 - 2.88 2.88
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 2.30 - 2.49 2.49
equal Tata Power Company 21/08/2072 Non Convertible Debenture AA 2.14 - 2.32 2.31
equal 9.65% NUVOCO Vistas Corp. 2077 Floating Rate Debenture AA- 0.00 - 2.24 2.24
equal 9.18% Navi Finserv Private 2023 Debenture A 0.00 - 2.23 2.23
equal 8.25% DLF 25/03/2024 Debenture AA- 0.00 - 2.22 2.22
equal 7.25% NUVOCO Vistas Corp. 25/09/2023 Debenture AA 2.04 - 2.22 2.22
equal 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 2.19 2.19
equal First Business Receivable Trust Securitised Debt AAA 1.92 - 2.15 2.15
down 6.54% GOI 17/01/2032 GOI Securities SOV 0.00 - 2.80 2.12
equal 10.60% Kogta Financial India 2025 Debenture A 0.00 - 2.17 2.11
equal 7.36% JK Cement 23/07/2024 Debenture AA+ 1.77 - 2.21 1.77
equal 7.15% G R Infraprojects 31/05/2024 Debenture AA 1.61 - 1.77 1.77
equal 8.90% Prestige Projects Private 2026 Debenture A+ 0.00 - 2.82 1.53

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

— 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 18-Aug-2022

Growth: ₹ 19.0203

IDCW Weekly: ₹ 10.2950

IDCW Monthly: ₹ 10.1417


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: 8.26%
Benchmark: NIFTY Credit Risk Bond Index C-III
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 671 Cr (As on 31-Jul-2022)
Expense Ratio: 0.81% (As on 31-Jul-2022)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly17-Aug-20220.0418

 08-Aug-20220.0053
 01-Aug-20220.0215
 25-Jul-20220.0160
 18-Jul-20220.0173
 11-Jul-20220.0226
 04-Jul-20220.0003
 02-May-20220.0058
 04-Apr-20220.0167
 28-Mar-20220.0158
 21-Mar-20220.0237
 14-Mar-20220.0024
 28-Feb-20220.0050
 21-Feb-20220.0105
 14-Feb-20220.0315
 31-Jan-20220.0086
 24-Jan-20220.0107
 17-Jan-20220.0154
 10-Jan-20220.0027
 03-Jan-20220.0095
 27-Dec-20210.0042
 20-Dec-20210.0052
 13-Dec-20210.0107
 06-Dec-20210.0127
 29-Nov-20210.0092
IDCW Monthly25-Jul-20220.0585

 25-Apr-20220.0384
 25-Mar-20220.0499
 25-Feb-20220.0517
 25-Jan-20220.0551
 27-Dec-20210.0542
 25-Nov-20210.0591
 25-Oct-20210.0497
 27-Sep-20210.0771
 25-Aug-20210.0464
 26-Jul-20210.0582
 25-Jun-20210.0718
 25-May-20210.0619
 26-Apr-20210.0754
 25-Mar-20210.0400
 25-Feb-20210.0361
 25-Jan-20210.0736
 28-Dec-20200.0668
 25-Nov-20200.0684
 26-Oct-20200.0722
 25-Sep-20200.0684
 25-Aug-20200.0647
 27-Jul-20200.1073
 25-Jun-20200.0868
 26-May-20200.0667

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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