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2 star

Axis Corporate Debt Fund - Regular Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 8.75 0.02 0.01 0.73 2.08 6.52 11.26 8.02 -- -- --
VR Bond 5.54 -0.02 -0.02 0.57 0.55 2.66 7.12 6.70 -- -- --
Debt: Corporate Bond 7.25 -0.01 -0.02 0.68 1.03 5.05 9.58 7.22 -- -- --
Rank within category 3 4 9 9 2 2 2 6 -- -- --
Number of funds in category 20 20 20 20 20 20 20 15 13 10 8

As on 29-Sep-2020

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  | Invest Online
2 star
Jul-17 11.26 8.02 -- 0.93 972
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 10.74 8.64 8.87 0.61 21,052
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 11.09 8.78 8.84 0.45 20,205
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
Jun-09 10.29 8.27 8.43 0.60 16,162
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
5 star
Sep-07 9.35 8.46 8.43 0.61 6,586

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 7.80 3.18 0.84 0.84 0.31 2.26
VR Bond 6.44 2.10 0.62 1.17 -- --
Debt: Corporate Bond 7.00 2.90 1.00 1.97 0.60 1.08
Rank within category 7 12 11 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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 46 49 15 80
Modified Duration (yrs) 2.70 2.90 2.00 2.71
Average Maturity (yrs) 3.50 4.00 2.50 3.38
Yield to Maturity (%) 5.64 7.94 5.64 5.50
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
up 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 6.66 6.66
new 5.77% GOI 2030 GOI Securities SOV 0.00 - 6.36 6.36
up HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 8.03 6.05
up Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 9.03 5.30
new 6.70% Tata Capital 2023 Debenture AAA 0.00 - 5.15 5.15
new Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 4.96 4.96
up 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.88 4.88
up 5.79% GOI 2030 GOI Securities SOV 0.00 - 4.53 4.53
up 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 5.61 4.40
up First Business Receivable Trust Securitised Debt AAA 0.50 - 5.83 3.95
up 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 3.82 3.82
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 3.54 3.01
new 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 0.00 - 2.72 2.72
new 9.36% Power Finance Corp. 2021 Bonds AAA 0.00 - 2.68 2.68
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 4.58 2.66
equal 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 7.41 2.43
new 8.83% GOI 25/11/2023 Central Government Loan SOV 0.00 - 2.29 2.29
equal 7.40% LIC Housing Fin. 2024 Debenture AAA 0.00 - 3.91 2.27
up 8.40% India Grid Trust 14/06/2023 Debenture AAA 0.00 - 2.08 2.08
new 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 2.01 2.01
equal 6.56% M&M Financial Services 29/09/2022 Debenture AAA 0.00 - 5.74 1.57
new 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 1.51 1.51
equal Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 2.59 1.51
equal Tata Capital Financial Services 26/10/2021 Debenture AAA 0.00 - 2.18 1.28
new 7.17% GOI 2028 GOI Securities SOV 0.00 - 1.09 1.09

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-Aug-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.

Funds Managed:


0.02%

Change from previous, NAV as on 29-Sep-2020

Growth: ₹ 12.8054

Dividend Weekly: ₹ 10.2473

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Dividend Monthly: ₹ 10.1891

Dividend Daily: ₹ 10.2295

Dividend: ₹ 12.8063


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: 7.99%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 972 Cr (As on 31-Aug-2020)
Expense: 0.93% (As on 31-Aug-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-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
 26-Mar-20180.0508
 26-Feb-20180.0326
 25-Jan-20180.0298
Dividend Weekly07-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
 20-Apr-20200.0457
 09-Mar-20200.0210
 24-Feb-20200.0061
 17-Feb-20200.0219
 10-Feb-20200.0574
 03-Feb-20200.0187
 27-Jan-20200.0259
 20-Jan-20200.0051
 13-Jan-20200.0098
 06-Jan-20200.0127
 30-Dec-20190.0033
 23-Dec-20190.0053
 02-Dec-20190.0140
Dividend Daily03-Sep-20200.0077

 02-Sep-20200.0051
 01-Sep-20200.0251
 05-Aug-20200.0029
 04-Aug-20200.0028
 03-Aug-20200.0033
 31-Jul-20200.0106
 30-Jul-20200.0023
 20-Jul-20200.0041
 17-Jul-20200.0041
 16-Jul-20200.0067
 15-Jul-20200.0110
 13-Jul-20200.0107
 10-Jul-20200.0103
 09-Jul-20200.0096
 08-Jul-20200.0072
 07-Jul-20200.0122
 06-Jul-20200.0079
 03-Jul-20200.0033
 02-Jul-20200.0108
 01-Jul-20200.0117
 30-Jun-20200.0074
 29-Jun-20200.0194
 26-Jun-20200.0031
 25-Jun-20200.0041

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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