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3 star

Axis Corporate Debt Fund - Regular Plan download report


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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
Axis Corporate Debt Reg-G 1.91 -0.01 0.19 0.72 1.67 1.33 3.07 6.70 6.59 -- --
VR Bond 1.12 -0.16 0.27 1.11 1.56 0.69 2.93 4.14 5.17 -- --
Debt: Corporate Bond 1.25 -0.02 0.21 0.71 1.59 0.72 2.37 5.95 6.28 -- --
Rank within category 4 12 9 7 6 4 4 2 6 -- --
Number of funds in category 22 22 22 22 22 22 21 19 14 12 9

As on 18-Aug-2022

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 3.07 6.70 6.59 0.93 3,122
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
Jun-09 3.56 6.54 6.76 0.58 15,042
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 3.16 6.87 7.13 0.46 13,321
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
Sep-07 2.99 6.04 6.77 0.66 8,667
Nippon India Corporate Bond Fund  | Invest Online
5 star
Sep-00 3.54 6.29 6.56 0.63 1,915

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 2.10 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis Corporate Debt Reg-G 6.55 2.17 1.41 3.21 0.69 2.79
VR Bond 3.88 1.88 0.21 0.29 -- --
Debt: Corporate Bond 5.79 2.15 1.12 2.12 0.78 2.00
Rank within category 2 11 6 3 9 2
Number of funds in category 19 19 19 19 19 19

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 97 126 95 66
Modified Duration (yrs) 1.78 1.98 1.38 1.80
Average Maturity (yrs) 2.52 2.83 1.97 2.41
Yield to Maturity (%) 6.98 6.98 4.84 6.80
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
equal REC 2023 Bonds AAA 2.90 - 5.00 5.00
down GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 2.14 - 5.36 3.30
equal 8.25% L&T Finance 24/01/2023 Debenture AAA 1.85 - 3.23 3.23
equal M&M Financial Services 23/07/2024 Debenture AAA 1.78 - 3.20 3.20
new 6.18% Gujarat State 25/01/2026 State Development Loan SOV 0.00 - 3.11 3.11
equal 6.25% Embassy Office Parks REIT 18/10/2024 Debenture AAA 0.00 - 2.97 2.97
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 1.48 - 2.57 2.57
equal 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 2.41 2.41
down 6.79% Tata Capital 30/04/2024 Debenture AAA 1.79 - 2.80 2.38
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 1.35 - 2.37 2.37
new 8.07% Gujarat State 2025 State Development Loan SOV 0.00 - 2.30 2.30
equal 5.23% National Bank Agr. Rur. Devp 31/01/2025 Non Convertible Debenture AAA 0.00 - 1.84 1.84
up 7.35% National Bank Agr. Rur. Devp 2025 Debenture AAA 0.00 - 1.61 1.61
equal 5.30% HDFC 2023 Debenture AAA 0.90 - 1.59 1.59
equal 5.84% Indian Oil Corporation 19/04/2024 Debenture AAA 0.00 - 1.58 1.58
equal HDFC 154-D 25/11/2022 Commercial Paper A1+ 0.00 - 1.57 1.57
new GOI 2028 GOI Securities SOV 0.00 - 1.55 1.55
equal 6.37% L&T Metro Rail (Hyderabad) 30/04/2025 Debenture AAA 0.00 - 1.55 1.55
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 1.61 1.55
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 1.54 1.54
equal Varanasi Sangam Expressway 29/12/2034 Non Convertible Debenture AAA 0.90 - 1.53 1.53
down 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 3.50 1.53
up 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 1.46 1.46
equal 5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 Debenture AAA 0.00 - 1.41 1.41
equal 6.59% Summit Digitel Infrastructure 16/06/2026 Debenture AAA 1.22 - 1.84 1.39

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-Jul-2022

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:

— Hardik Shah since 31-Jan-2022

Education: Mr. Shah has done B.E. Information Technology and MBA Finance.

Experience: Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.

Funds Managed:


-0.01%

Change from previous, NAV as on 18-Aug-2022

Growth: ₹ 13.8789

IDCW Weekly: ₹ 10.2447

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IDCW Monthly: ₹ 10.2484

IDCW Daily: ₹ 10.2333

IDCW: ₹ 12.8700


Investment Strategy

The Scheme seeks to provide steady income and capital appreciation by investing in corporate debt.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 100
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. 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: 6.64%
Benchmark: NIFTY Corporate Bond Index B-III
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,122 Cr (As on 31-Jul-2022)
Expense Ratio: 0.93% (As on 31-Jul-2022)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Aug-20220.0171

 12-Aug-20220.0039
 11-Aug-20220.0051
 10-Aug-20220.0019
 04-Aug-20220.0017
 02-Aug-20220.0109
 01-Aug-20220.0087
 29-Jul-20220.0082
 28-Jul-20220.0042
 27-Jul-20220.0008
 25-Jul-20220.0088
 22-Jul-20220.0022
 21-Jul-20220.0009
 20-Jul-20220.0007
 18-Jul-20220.0028
 13-Jul-20220.0075
 12-Jul-20220.0005
 05-Apr-20220.0054
 04-Apr-20220.0008
 31-Mar-20220.0049
 30-Mar-20220.0024
 29-Mar-20220.0029
 28-Mar-20220.0029
 25-Mar-20220.0042
 24-Mar-20220.0074
IDCW Weekly17-Aug-20220.0379

 08-Aug-20220.0028
 01-Aug-20220.0219
 25-Jul-20220.0127
 18-Jul-20220.0154
 11-Jul-20220.0008
 04-Apr-20220.0111
 28-Mar-20220.0152
 21-Mar-20220.0178
 28-Feb-20220.0010
 21-Feb-20220.0027
 14-Feb-20220.0276
 31-Jan-20220.0071
 24-Jan-20220.0101
 17-Jan-20220.0079
 03-Jan-20220.0058
 13-Dec-20210.0094
 06-Dec-20210.0129
 29-Nov-20210.0043
 22-Nov-20210.0081
 15-Nov-20210.0046
 08-Nov-20210.0119
 25-Oct-20210.0038
 18-Oct-20210.0033
 04-Oct-20210.0020
IDCW Monthly25-Jul-20220.0426

 25-Mar-20220.0314
 25-Feb-20220.0343
 25-Jan-20220.0289
 27-Dec-20210.0245
 25-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
IDCW25-Mar-20221.0000

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

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies 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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