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3 star

Axis Corporate Debt Fund - Regular Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.04 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 3.41 0.03 0.06 0.29 0.81 1.88 3.71 7.41 -- -- --
VR Bond 2.70 0.08 0.12 0.88 1.78 2.08 3.24 6.55 -- -- --
Debt: Corporate Bond 3.28 0.03 0.09 0.33 0.82 1.99 3.59 8.03 -- -- --
Rank within category 10 11 16 15 8 12 10 15 -- -- --
Number of funds in category 20 21 21 21 21 21 20 17 13 12 9

As on 26-Nov-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 3.71 7.41 -- 0.93% 5,589
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 4.31 9.02 7.60 0.61% 28,807
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 4.25 8.83 7.63 0.46% 20,980
ICICI Prudential Corporate Bond Fund  | Invest Now
5 star
Jun-09 4.44 8.44 7.28 0.58% 20,838
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
Sep-07 3.96 7.96 7.41 0.69% 10,858

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 7.37 3.29 1.06 1.12 0.40 2.46
VR Bond 6.46 2.13 1.22 1.72 -- --
Debt: Corporate Bond 7.95 2.52 1.84 3.33 0.63 2.44
Rank within category 15 14 15 15 3 11
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 110 110 74 89
Modified Duration (yrs) 1.80 2.60 1.50 --
Average Maturity (yrs) 2.78 3.10 1.70 --
Yield to Maturity (%) 5.16 5.16 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
up 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 6.16 5.82
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 5.36 5.36
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.97 - 4.12 4.03
equal REC 2023 Bonds AAA 0.00 - 3.36 2.90
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 3.94 2.68
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.33 - 3.80 2.54
equal Reserve Bank of India 91-D 23/12/2021 Treasury Bills SOV 0.00 - 2.44 2.40
equal 8.30% Reliance Industries 2022 Debenture AAA 2.15 - 3.58 2.18
down 5.63% GOI 2026 GOI Securities SOV 0.00 - 4.28 1.87
equal 8.25% L&T Finance 24/01/2023 Debenture AAA 0.00 - 2.01 1.85
equal 7.68% L&T Finance 2023 Debenture AAA 0.00 - 1.91 1.84
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 1.87 1.83
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.00 - 3.08 1.82
equal 6.15% Aditya Birla Finance 30/05/2023 Debenture AAA 0.00 - 2.63 1.81
equal 6.79% Tata Capital 30/04/2024 Debenture AAA 0.00 - 2.63 1.79
equal 5.75% HDB Financial Services 28/05/2024 Debenture AAA 0.00 - 3.28 1.79
equal M&M Financial Services 23/07/2024 Debenture AAA 0.00 - 1.91 1.78
equal IDFC First Bank 2022 Certificate of Deposit A1+ 0.00 - 1.97 1.74
new 6.25% Embassy Office Parks REIT 18/10/2024 Debenture AAA 0.00 - 1.70 1.70
down 7.09% Food Corporation of India 13/08/2031 Non Convertible Debenture AAA 0.00 - 2.12 1.61
up 6.10% GOI 2031 GOI Securities SOV 0.00 - 1.58 1.58
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 1.60 1.48
new 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 1.38 1.38
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.95 1.35
equal 7.00% India Infradebt 11/2025 Debenture AAA 1.34 - 2.40 1.34

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-Oct-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:


0.03%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 13.5835

IDCW Weekly: ₹ 10.2485

More

IDCW Monthly: ₹ 10.1906

IDCW Daily: ₹ 10.2347

IDCW: ₹ 13.5845


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: 7.25%
Benchmark: NIFTY Corporate Bond Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 5,589 Cr (As on 31-Oct-2021)
Expense: 0.93% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.0024

 22-Nov-20210.0043
 18-Nov-20210.0024
 17-Nov-20210.0012
 16-Nov-20210.0002
 15-Nov-20210.0002
 09-Nov-20210.0043
 08-Nov-20210.0119
 25-Oct-20210.0018
 22-Oct-20210.0011
 21-Oct-20210.0009
 18-Oct-20210.0008
 13-Oct-20210.0024
 04-Oct-20210.0011
 23-Sep-20210.0001
 21-Sep-20210.0009
 20-Sep-20210.0056
 17-Sep-20210.0010
 16-Sep-20210.0011
 15-Sep-20210.0028
 14-Sep-20210.0016
 13-Sep-20210.0021
 09-Sep-20210.0021
 06-Sep-20210.0038
 03-Sep-20210.0031
IDCW Monthly25-Nov-20210.0238

 25-Oct-20210.0117
 27-Sep-20210.0433
 25-Aug-20210.0510
 26-Jul-20210.0459
 25-Jun-20210.0115
 25-May-20210.0635
 26-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
IDCW Weekly22-Nov-20210.0081

 15-Nov-20210.0046
 08-Nov-20210.0119
 25-Oct-20210.0038
 18-Oct-20210.0033
 04-Oct-20210.0020
 20-Sep-20210.0121
 13-Sep-20210.0043
 06-Sep-20210.0204
 30-Aug-20210.0112
 23-Aug-20210.0131
 17-Aug-20210.0241
 09-Aug-20210.0027
 02-Aug-20210.0095
 26-Jul-20210.0101
 19-Jul-20210.0127
 14-Jun-20210.0218
 07-Jun-20210.0140
 31-May-20210.0054
 24-May-20210.0148
 17-May-20210.0053
 10-May-20210.0148
 03-May-20210.0225
 26-Apr-20210.0289
 19-Apr-20210.0026

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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