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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
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
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Axis Credit Risk Fund - Direct Plan | Jul-14 | 4.66 | 7.55 | 6.77 | 0.81 | 671 | |
HDFC Credit Risk Debt Fund - Direct Plan | Invest Online | Mar-14 | 4.41 | 8.26 | 7.57 | 0.96 | 8,631 | |
ICICI Prudential Credit Risk Fund - Direct Plan | Invest Now | Jan-13 | 5.62 | 8.32 | 8.08 | 0.88 | 7,943 | |
SBI Credit Risk Fund - Direct Plan | Invest Online | Jan-13 | 4.37 | 7.17 | 6.88 | 0.92 | 2,964 | |
Kotak Credit Risk Fund - Direct Plan | Invest Online | Jan-13 | 2.14 | 6.04 | 6.62 | 0.74 | 1,556 |
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 |
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
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 | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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5.15% GOI 2025 | GOI Securities | SOV | 0.00 - 7.08 | 7.08 |
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Aditya Birla Fashion and Retail 2022 | Debenture | AA | 4.11 - 4.69 | 4.69 |
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Bahadur Chand Investments 2024 | Zero Coupon Bonds | AA | 4.05 - 4.45 | 4.45 |
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7.50% Godrej Properties 31/07/2023 | Zero Coupon Bonds | AA | 0.00 - 3.74 | 3.74 |
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National Bank Agr. Rur. Devp 2024 | Non Convertible Debenture | AAA | 0.00 - 3.69 | 3.69 |
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7.15% Flometallic India 20/06/2025 | Non Convertible Debenture | AA+ | 3.35 - 3.64 | 3.64 |
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9.25% Birla Corporation 18/08/2026 | Debenture | AA | 0.00 - 3.50 | 3.50 |
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7.80% Hinduja Leyland Finance 29/12/2023 | Debenture | AA- | 0.00 - 2.94 | 2.94 |
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Tata Teleservices (Mah) 364-D 21/11/2022 | Commercial Paper | A1+ | 0.00 - 2.92 | 2.92 |
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6.49% Sepset Construction 2024 | Non Convertible Debenture | AAA | 2.74 - 2.91 | 2.89 |
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6.10% Sundew Properties 28/06/2024 | Debenture | AAA | 0.00 - 2.89 | 2.89 |
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6.70% DLF Cyber City Developers 30/09/2024 | Debenture | AA | 0.00 - 2.88 | 2.88 |
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IndInfravit Trust 2038 | Non Convertible Debenture | AAA | 2.30 - 2.49 | 2.49 |
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Tata Power Company 21/08/2072 | Non Convertible Debenture | AA | 2.14 - 2.32 | 2.31 |
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9.65% NUVOCO Vistas Corp. 2077 | Floating Rate Debenture | AA- | 0.00 - 2.24 | 2.24 |
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9.18% Navi Finserv Private 2023 | Debenture | A | 0.00 - 2.23 | 2.23 |
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8.25% DLF 25/03/2024 | Debenture | AA- | 0.00 - 2.22 | 2.22 |
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7.25% NUVOCO Vistas Corp. 25/09/2023 | Debenture | AA | 2.04 - 2.22 | 2.22 |
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5.44% National Bank Agr. Rur. Devp 2024 | Debenture | AAA | 0.00 - 2.19 | 2.19 |
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First Business Receivable Trust | Securitised Debt | AAA | 1.92 - 2.15 | 2.15 |
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6.54% GOI 17/01/2032 | GOI Securities | SOV | 0.00 - 2.80 | 2.12 |
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10.60% Kogta Financial India 2025 | Debenture | A | 0.00 - 2.17 | 2.11 |
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7.36% JK Cement 23/07/2024 | Debenture | AA+ | 1.77 - 2.21 | 1.77 |
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7.15% G R Infraprojects 31/05/2024 | Debenture | AA | 1.61 - 1.77 | 1.77 |
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8.90% Prestige Projects Private 2026 | Debenture | A+ | 0.00 - 2.82 | 1.53 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jul-2022
— 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:
The scheme seeks to generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum.
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 |
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 |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Weekly | 17-Aug-2022 | 0.0418 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Monthly | 25-Jul-2022 | 0.0585 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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
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