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2 star

Axis Corporate Debt Fund - Regular Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

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 7.56 0.09 0.64 2.75 5.91 7.23 12.44 -- -- -- --
VR Bond 5.37 -0.04 0.27 0.74 3.20 5.11 7.37 -- -- -- --
Debt: Corporate Bond 7.06 0.06 0.58 2.20 5.67 6.71 11.32 -- -- -- --
Rank within category 8 5 5 3 9 8 5 -- -- -- --
Number of funds in category 20 20 20 20 20 20 20 14 13 10 8

As on 09-Jul-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 12.44 -- -- 1.04 261
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 12.25 9.13 9.20 0.50 18,360
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 12.29 9.12 9.15 0.45 18,059
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
Jun-09 11.64 8.60 8.71 0.56 12,707
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
5 star
Sep-07 10.64 8.70 8.65 0.60 4,607

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 12.41 (03-Jul-2019 - 02-Jul-2020) 2.74 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.73 1.95 0.74 1.57 -- --
Debt: Corporate Bond* 7.28 2.75 1.07 2.18 0.63 1.08
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 30 30 15 44
Modified Duration (yrs) 2.40 2.90 1.90 --
Average Maturity (yrs) 3.00 4.00 2.40 --
Yield to Maturity (%) 6.74 7.94 6.58 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 9.64 9.64
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 8.03 5.89
equal 7.29% HDB Financial Services 27/07/2023 Debenture AAA 0.00 - 7.99 5.89
new 6.56% M&M Financial Services 29/09/2022 Debenture AAA 0.00 - 5.74 5.74
equal 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 7.41 5.09
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 9.03 4.30
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 4.72 4.16
equal First Business Receivable Trust Securitised Debt AAA 0.00 - 5.83 4.14
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 4.72 4.14
new 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 5.61 4.06
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 4.01 - 5.70 4.01
equal 7.25% Larsen & Toubro 2024 Debenture AAA 0.00 - 5.44 3.98
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.00 - 5.68 3.97
new 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 3.96 3.96
new 7.50% India Infradebt 30/06/2025 Debenture AAA 0.00 - 3.82 3.82
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 5.75 3.50
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 2.13 - 3.02 2.13
equal HDFC Bank 28/12/2028 Debenture AAA 2.13 - 3.03 2.13
down 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 5.67 2.05
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 2.91 2.02
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 2.70 1.99
equal 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 2.72 1.98
equal 6.95% Reliance Industries 2023 Debenture AAA 0.00 - 2.69 1.98
equal 6.99% REC 31/12/2021 Non Convertible Debenture AAA 0.00 - 2.68 1.97
new 7.16% Power Finance Corp. 24/04/2025 Non Convertible Debenture AAA 0.00 - 1.97 1.97

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-Jun-2020

*As on 31-May-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:


0.09%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 12.6654

Dividend Weekly: ₹ 10.2628

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Dividend Monthly: ₹ 10.3189

Dividend Daily: ₹ 10.2236

Dividend: ₹ 12.6663


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: 8.22%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 261 Cr (As on 30-Jun-2020)
Expense: 1.04% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-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
 24-Jun-20200.0051
 23-Jun-20200.0031
 22-Jun-20200.0106
 19-Jun-20200.0227
 18-Jun-20200.0211
 17-Jun-20200.0105
 16-Jun-20200.0106
 15-Jun-20200.0091
 12-Jun-20200.0028
 11-Jun-20200.0149
 10-Jun-20200.0078
 09-Jun-20200.0038
 08-Jun-20200.0021
 05-Jun-20200.0070
Dividend Weekly06-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
 25-Nov-20190.0149
 18-Nov-20190.0086
 11-Nov-20190.0018
 03-Jun-20190.0155
Dividend Monthly25-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
 26-Dec-20170.0254
 27-Nov-20170.0338

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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