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3 star

Axis Corporate Debt Fund - Regular Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.08 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 1.62 -0.13 -0.11 0.35 2.04 1.87 7.81 8.01 -- -- --
VR Bond 0.70 -0.12 0.01 0.19 1.66 0.83 3.37 7.08 -- -- --
Debt: Corporate Bond 1.38 -0.13 -0.10 0.39 2.18 1.62 6.44 8.38 -- -- --
Rank within category 7 10 13 13 14 7 1 11 -- -- --
Number of funds in category 20 21 21 21 20 20 19 15 13 11 9

As on 16-Jun-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 7.81 8.01 -- 0.92 4,566
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 7.18 9.46 8.54 0.61 26,184
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 7.50 9.39 8.52 0.46 24,669
ICICI Prudential Corporate Bond Fund  | Invest Now
5 star
Jun-09 6.89 8.78 8.05 0.58 19,871
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
Sep-07 6.57 8.37 8.10 0.66 9,646

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 7.87 3.26 1.10 1.07 0.37 2.62
VR Bond 6.84 2.05 1.24 1.72 -- --
Debt: Corporate Bond 8.24 2.43 1.84 2.94 0.65 2.29
Rank within category 10 12 13 13 3 8
Number of funds in category 14 14 14 14 14 14

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

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 84 89 30 101
Modified Duration (yrs) 1.80 2.90 1.50 2.19
Average Maturity (yrs) 2.37 3.70 1.70 2.75
Yield to Maturity (%) 4.94 6.19 4.79 4.97
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 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 4.60 3.84
equal 6.65% Motherson Sumi Systems 14/09/2023 Non Convertible Debenture AAA 0.00 - 4.24 3.56
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.68 - 6.18 3.50
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 3.94 3.29
new 5.75% HDB Financial Services 28/05/2024 Debenture AAA 0.00 - 3.28 3.28
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.33 - 3.97 3.15
equal 5.09% National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 3.43 2.87
up 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 3.05 2.72
down 5.15% GOI 2025 GOI Securities SOV 0.00 - 3.87 2.38
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.00 - 3.08 2.25
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 2.48 2.22
equal 6.15% Aditya Birla Finance 30/05/2023 Debenture AAA 0.00 - 2.63 2.22
equal 6.79% Tata Capital 30/04/2024 Debenture AAA 0.00 - 2.63 2.21
equal 4.54% Maharashtra State 2022 State Development Loan SOV 0.00 - 2.63 2.20
new Reliance Industries Corporate Bond Repo -- 0.00 - 2.20 2.20
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.88 2.15
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 2.39 1.98
new GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 1.85 1.85
down 7.17% GOI 2028 GOI Securities SOV 0.00 - 3.86 1.84
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 7.71 1.75
down 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 5.06 1.74
equal 7.00% India Infradebt 11/2025 Debenture AAA 0.00 - 2.40 1.66
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.95 1.65
new 5.75% Sundaram Finance 2024 Debenture AAA 0.00 - 1.65 1.65
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 0.00 - 2.41 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-May-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:


-0.13%

Change from previous, NAV as on 16-Jun-2021

Growth: ₹ 13.3492

IDCW Weekly: ₹ 10.2239

More

IDCW Monthly: ₹ 10.2001

IDCW Daily: ₹ 10.2125

IDCW: ₹ 13.3501


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: 7.63%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,566 Cr (As on 31-May-2021)
Expense: 0.92% (As on 31-May-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.0025

 11-Jun-20210.0056
 10-Jun-20210.0030
 09-Jun-20210.0072
 08-Jun-20210.0036
 07-Jun-20210.0078
 04-Jun-20210.0023
 03-Jun-20210.0029
 27-May-20210.0002
 25-May-20210.0062
 24-May-20210.0042
 21-May-20210.0037
 20-May-20210.0009
 19-May-20210.0039
 18-May-20210.0020
 17-May-20210.0006
 11-May-20210.0047
 10-May-20210.0058
 07-May-20210.0031
 06-May-20210.0017
 05-May-20210.0044
 03-May-20210.0063
 30-Apr-20210.0055
 29-Apr-20210.0037
 27-Apr-20210.0069
IDCW Weekly14-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
 12-Apr-20210.0100
 05-Apr-20210.0220
 30-Mar-20210.0087
 04-Jan-20210.0246
 28-Dec-20200.0154
 21-Dec-20200.0043
 07-Dec-20200.0108
 01-Dec-20200.0101
 23-Nov-20200.0244
 17-Nov-20200.0186
 09-Nov-20200.0213
 02-Nov-20200.0037
 26-Oct-20200.0285
 19-Oct-20200.0291
 12-Oct-20200.0617
 05-Oct-20200.0267
IDCW Monthly25-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
 25-Jan-20190.0508
 26-Dec-20180.0873
 26-Nov-20180.0602
 25-Oct-20180.0659
 27-Aug-20180.0479
 25-Jul-20180.0514

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

Upcoming Video

Investors' Hangout

Your investment strategy after the debt fund fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM