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3 star

Axis Corporate Debt Fund - Regular Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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 1.13 0.05 0.20 0.67 1.58 2.10 9.84 8.07 -- -- --
Debt: Corporate Bond 0.87 0.04 0.18 0.65 1.57 1.80 7.74 7.80 -- -- --
Rank within category 7 7 6 10 13 5 1 10 -- -- --
Number of funds in category 21 22 22 22 21 21 20 15 14 11 9

As on 05-May-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Corporate Debt Fund - Regular Plan
3 star
Jul-17 9.84 8.07 -- 0.92 4,089
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 8.98 9.27 8.60 0.61 29,880
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 9.16 9.28 8.58 0.44 23,508
IDFC Corporate Bond Fund - Regular Plan
4 star
Jan-16 9.37 8.51 8.10 0.58 22,943
ICICI Prudential Corporate Bond Fund  | Invest Now
5 star
Jun-09 8.45 8.66 8.10 0.61 19,146

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.21 24-Mar-2020 - 31-Mar-2020 -3.78 03-Jun-2019 - 10-Jun-2019
Month 4.13 24-Mar-2020 - 23-Apr-2020 -3.48 31-May-2019 - 01-Jul-2019
Quarter 6.82 26-Mar-2020 - 25-Jun-2020 -2.10 02-Apr-2019 - 02-Jul-2019
Year 12.56 25-Jul-2019 - 24-Jul-2020 2.74 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.86 3.26 1.07 1.04 0.37 2.57
Debt: Corporate Bond 7.61 2.88 1.58 2.60 0.58 1.80
Rank within category 10 12 13 13 4 6
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 30-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 80 89 25 30
Modified Duration (yrs) 1.50 2.90 1.50 --
Average Maturity (yrs) 1.80 3.70 1.70 --
Yield to Maturity (%) 4.99 7.94 4.79 --
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 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 4.60 4.29
equal 6.65% Motherson Sumi Systems 14/09/2023 Non Convertible Debenture AAA 0.00 - 4.24 3.97
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.68 - 6.18 3.87
new 5.15% GOI 2025 GOI Securities SOV 0.00 - 3.87 3.87
up 7.17% GOI 2028 GOI Securities SOV 0.00 - 3.86 3.86
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 3.94 3.67
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.33 - 5.45 3.53
equal 5.09% National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 3.43 3.20
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 3.05 2.80
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 2.57 2.57
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 5.06 2.55
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 0.00 - 3.08 2.52
new 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 2.48 2.48
equal 6.79% Tata Capital 30/04/2024 Debenture AAA 0.00 - 2.63 2.47
equal 4.54% Maharashtra State 2022 State Development Loan SOV 0.00 - 2.63 2.46
equal 6.15% Aditya Birla Finance 30/05/2023 Debenture AAA 0.00 - 2.63 2.46
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.88 2.41
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 2.39 2.22
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 7.71 1.95
equal 7.00% India Infradebt 11/2025 Debenture AAA 0.00 - 2.40 1.83
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.95 1.82
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 0.00 - 2.41 1.55
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 6.66 1.54
equal HDFC 19/05/2022 Non Convertible Debenture AAA 1.39 - 8.03 1.43
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 2.18 1.27

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 30-Apr-2021

*As on 31-Mar-2021

Fund Manager

— Devang Shah since 23-Jun-2017

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:


0.05%

Change from previous, NAV as on 05-May-2021

Growth: ₹ 13.2848

IDCW Weekly: ₹ 10.2505

More

IDCW Monthly: ₹ 10.2142

IDCW Daily: ₹ 10.2347

IDCW: ₹ 13.2858


Investment Strategy

The Scheme seeks to provide steady income and capital appreciation by investing in corporate debt.

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 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 13-Jul-2017
Return Since Launch: 7.73%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 4,089 Cr (As on 30-Apr-2021)
Expense: 0.92% (As on 31-Mar-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-May-20210.0063

 30-Apr-20210.0055
 29-Apr-20210.0037
 27-Apr-20210.0069
 26-Apr-20210.0128
 23-Apr-20210.0068
 22-Apr-20210.0055
 20-Apr-20210.0039
 19-Apr-20210.0024
 15-Apr-20210.0002
 12-Apr-20210.0033
 06-Apr-20210.0067
 05-Apr-20210.0164
 31-Mar-20210.0031
 08-Jan-20210.0016
 05-Jan-20210.0096
 04-Jan-20210.0084
 01-Jan-20210.0078
 31-Dec-20200.0020
 30-Dec-20200.0045
 29-Dec-20200.0019
 28-Dec-20200.0079
 24-Dec-20200.0031
 23-Dec-20200.0011
 22-Dec-20200.0011
IDCW Weekly03-May-20210.0225

 26-Apr-20210.0289
 19-Apr-20210.0026
 12-Apr-20210.0100
 05-Apr-20210.0220
 30-Mar-20210.0087
 04-Jan-20210.0246
 28-Dec-20200.0154
 21-Dec-20200.0043
 07-Dec-20200.0108
 01-Dec-20200.0101
 23-Nov-20200.0244
 17-Nov-20200.0186
 09-Nov-20200.0213
 02-Nov-20200.0037
 26-Oct-20200.0285
 19-Oct-20200.0291
 12-Oct-20200.0617
 05-Oct-20200.0267
 07-Sep-20200.0371
 03-Aug-20200.0162
 20-Jul-20200.0260
 13-Jul-20200.0489
 06-Jul-20200.0340
 29-Jun-20200.0409
IDCW Monthly26-Apr-20210.0777

 25-Mar-20210.0189
 28-Dec-20200.0293
 25-Nov-20200.0790
 26-Oct-20200.1463
 25-Sep-20200.0559
 27-Jul-20200.1869
 25-Jun-20200.1198
 26-May-20200.1896
 27-Apr-20200.0431
 25-Feb-20200.1016
 27-Jan-20200.0608
 26-Dec-20190.0153
 25-Nov-20190.0494
 27-May-20190.0905
 25-Apr-20190.0223
 25-Mar-20190.0999
 25-Feb-20190.0338
 25-Jan-20190.0508
 26-Dec-20180.0873
 26-Nov-20180.0602
 25-Oct-20180.0659
 27-Aug-20180.0479
 25-Jul-20180.0514
 25-Jun-20180.0641

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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DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM