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Axis Corporate Debt Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 2.02 -0.05 0.16 1.64 2.47 5.06 7.10 -- -- -- --
VR Bond 1.68 0.09 0.38 1.51 2.39 3.10 8.92 -- -- -- --
Debt: Corporate Bond 1.97 -0.01 0.10 1.52 2.38 4.76 9.15 -- -- -- --
Rank within category 7 19 4 6 6 8 16 -- -- -- --
Number of funds in category 20 20 20 20 20 20 19 14 13 9 6

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.95 (31-Jan-2020 - 07-Feb-2020) -3.78 (03-Jun-2019 - 10-Jun-2019)
Month 1.81 (03-Jul-2019 - 02-Aug-2019) -3.48 (31-May-2019 - 01-Jul-2019)
Quarter 3.44 (10-Jun-2019 - 09-Sep-2019) -2.10 (02-Apr-2019 - 02-Jul-2019)
Year 9.74 (01-Jun-2018 - 03-Jun-2019) 5.12 (26-Jun-2018 - 26-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.03 2.13 0.17 0.31 -- --
Debt: Corporate Bond* 6.27 2.58 0.58 1.06 0.60 0.39
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 20 30 15 68
Modified Duration (yrs) 2.40 2.60 1.90 2.48
Average Maturity (yrs) 3.10 3.50 2.40 3.19
Yield to Maturity (%) 7.54 8.60 6.58 7.19

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 9.03 9.03
equal 8.45% REC 22/03/2022 Debenture AAA 0.00 - 7.57 7.51
new 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 7.37 7.37
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 0.00 - 7.56 7.17
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 0.00 - 7.21 7.12
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 5.86 5.79
new 11.25% Syndicate Bank Bonds A+ 0.00 - 5.73 5.73
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 5.70 5.65
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 5.65 5.62
new 9.10% Union Bank of India Bonds AA 0.00 - 5.60 5.60
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 5.62 5.59
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 3.47 3.44
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 0.00 - 2.96 2.95
equal HDFC Bank 28/12/2028 Debenture AAA 1.89 - 2.96 2.94
equal 8.30% IRFC 25/03/2029 Debenture AAA 0.00 - 2.92 2.92
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 2.91 2.89
new Reliance Jio Infocomm 16/04/2023 Non Convertible Debenture AAA 0.00 - 2.86 2.86
new 10.99% Andhra Bank 31/08/2050 Bonds A+ 0.00 - 2.57 2.57
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 6.73 1.44
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 4.48 0.28

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-Jan-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:


-0.05%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 12.0130

Dividend Weekly: ₹ 10.1621

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Dividend Monthly: ₹ 10.2712

Dividend Daily: ₹ 10.1563

Dividend: ₹ 12.0137


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: 7.28%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 179 Cr (As on 31-Jan-2020)
Expense: 1.04% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Feb-20200.0092

 14-Feb-20200.0067
 13-Feb-20200.0055
 11-Feb-20200.0005
 10-Feb-20200.0040
 07-Feb-20200.0185
 06-Feb-20200.0261
 05-Feb-20200.0035
 04-Feb-20200.0052
 03-Feb-20200.0162
 31-Jan-20200.0005
 28-Jan-20200.0020
 27-Jan-20200.0064
 24-Jan-20200.0051
 23-Jan-20200.0048
 22-Jan-20200.0066
 21-Jan-20200.0030
 20-Jan-20200.0028
 17-Jan-20200.0013
 16-Jan-20200.0010
 09-Jan-20200.0039
 08-Jan-20200.0028
 07-Jan-20200.0021
 03-Jan-20200.0050
 02-Jan-20200.0029
Dividend Weekly17-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
 25-Nov-20190.0149
 18-Nov-20190.0086
 11-Nov-20190.0018
 03-Jun-20190.0155
 27-May-20190.0372
 20-May-20190.0215
 13-May-20190.0147
 06-May-20190.0057
 30-Apr-20190.0031
 02-Apr-20190.0284
 25-Mar-20190.0134
 18-Mar-20190.0312
 11-Mar-20190.0310
 05-Mar-20190.0149
 25-Feb-20190.0093
Dividend Monthly27-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
 26-Dec-20170.0254
 27-Nov-20170.0338
 25-Oct-20170.0394
 25-Sep-20170.0342
 28-Aug-20170.0391

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: 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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