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3 star

Axis Corporate Debt Fund - Regular Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -0.21 -0.04 -0.02 -0.01 1.14 2.96 10.77 8.26 -- -- --
VR Bond 0.09 -0.03 0.06 0.30 1.29 1.73 7.27 7.27 -- -- --
Debt: Corporate Bond -0.22 -0.03 -0.05 0.00 1.02 2.55 9.09 7.81 -- -- --
Rank within category 10 17 7 10 6 3 4 10 -- -- --
Number of funds in category 21 21 21 21 21 20 20 15 14 10 8

As on 22-Jan-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 10.77 8.26 -- 0.93 4,054
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 11.11 9.33 8.98 0.60 29,220
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 11.06 9.28 8.86 0.45 24,940
IDFC Corporate Bond Fund - Regular Plan
4 star
Jan-16 10.74 8.52 8.35 0.58 22,906
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
Jun-09 9.89 8.79 8.45 0.59 19,716

Best & Worst Performance

Best (Period) Worst (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 8.21 3.20 1.07 1.05 0.32 2.70
VR Bond 7.10 2.02 1.15 1.94 -- --
Debt: Corporate Bond 7.72 2.86 1.49 2.74 0.59 1.58
Rank within category 9 12 13 13 4 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-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 80 83 20 87
Modified Duration (yrs) 2.40 2.90 2.40 2.59
Average Maturity (yrs) 2.90 4.00 2.90 3.27
Yield to Maturity (%) 4.87 7.94 4.87 4.89
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
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 9.54 5.74
new Bank of Baroda 28/05/2021 Certificate of Deposit A1+ 0.00 - 4.87 4.87
up 6.24% State Bank of India 21/09/2030 Non Convertible Debenture AAA 0.00 - 5.06 4.54
up Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.68 - 9.03 3.81
up 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.00 - 5.68 3.60
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 3.29 3.29
up 6.65% Motherson Sumi Systems 14/09/2023 Non Convertible Debenture AAA 0.00 - 3.78 2.77
up 5.85% GOI 2030 GOI Securities SOV 0.00 - 2.77 2.77
up 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 4.58 2.57
new 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 2.47 2.47
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.88 2.46
new L&T Housing Finance 142-D 20/05/2021 Commercial Paper A1+ 0.00 - 2.43 2.43
equal 6.75% Power Finance Corp. 22/05/2023 Debenture AAA 0.00 - 2.84 2.19
down 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 3.05 2.11
new 5.15% GOI 2025 GOI Securities SOV 0.00 - 2.10 2.10
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.00 - 2.57 1.98
equal 5.83% State Bank of India 26/10/2030 Debenture AAA 0.00 - 2.41 1.86
equal 7.00% India Infradebt 11/2025 Debenture AAA 0.00 - 2.40 1.85
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 6.66 1.58
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 8.03 1.45
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 2.18 1.30
new 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 1.29 1.29
equal 6.27% SIDBI 27/02/2023 Debenture AAA 0.00 - 2.16 1.28
new 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 0.00 - 1.28 1.28
equal 6.50% Power Finance Corp. 17/09/2025 Non Convertible Debenture AAA 0.00 - 2.14 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 31-Dec-2020

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:


-0.04%

Change from previous, NAV as on 22-Jan-2021

Growth: ₹ 13.1088

Dividend Weekly: ₹ 10.2086

More

Dividend Monthly: ₹ 10.1746

Dividend Daily: ₹ 10.1861

Dividend: ₹ 13.1098


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
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 13-Jul-2017
Return Since Launch: 7.97%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,054 Cr (As on 31-Dec-2020)
Expense: 0.93% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily08-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
 18-Dec-20200.0020
 17-Dec-20200.0015
 16-Dec-20200.0019
 10-Dec-20200.0009
 07-Dec-20200.0022
 04-Dec-20200.0005
 26-Nov-20200.0071
 25-Nov-20200.0078
 24-Nov-20200.0034
 23-Nov-20200.0041
 20-Nov-20200.0038
 19-Nov-20200.0127
 18-Nov-20200.0037
 17-Nov-20200.0070
Dividend Weekly04-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
 22-Jun-20200.0728
 15-Jun-20200.0384
 08-Jun-20200.0127
 01-Jun-20200.0036
 26-May-20200.0934
 18-May-20200.0601
Dividend Monthly28-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
 25-May-20180.0145
 25-Apr-20180.0411

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

Upcoming Video

Investors' Hangout

Understanding the new risk-o-meter

dateFriday, 29-Jan-2021
time12:30 PM - 01:00 PM