VR Logo

4 star

Axis Corporate Debt Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.16 0.03 0.23 0.63 2.24 2.49 8.94 8.94 -- -- --
VR Bond 0.81 0.06 0.26 0.30 1.67 0.99 3.52 7.18 -- -- --
Debt: Corporate Bond 1.83 0.03 0.26 0.67 2.45 2.13 7.33 8.95 -- -- --
Rank within category 3 16 15 14 15 3 1 10 -- -- --
Number of funds in category 20 21 21 21 20 20 19 15 13 11 0

As on 14-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 - Direct Plan
4 star
Jul-17 8.94 8.94 -- 0.24 4,566
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 8.05 9.64 8.71 0.30 24,669
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 7.46 9.19 8.43 0.27 19,871
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 7.25 8.76 8.44 0.29 9,646
DSP Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Sep-18 6.14 -- -- 0.25 2,721

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.23 24-Mar-2020 - 31-Mar-2020 -3.77 03-Jun-2019 - 10-Jun-2019
Month 4.20 24-Mar-2020 - 23-Apr-2020 -3.41 31-May-2019 - 01-Jul-2019
Quarter 7.03 26-Mar-2020 - 25-Jun-2020 -1.92 02-Apr-2019 - 02-Jul-2019
Year 13.42 25-Jul-2019 - 24-Jul-2020 3.53 25-Mar-2019 - 24-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.63 3.27 1.33 1.29 0.38 3.37
VR Bond 6.84 2.05 1.24 1.72 -- --
Debt: Corporate Bond 8.67 2.43 2.03 3.24 0.65 2.72
Rank within category 9 12 13 13 3 1
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 2.09
Average Maturity (yrs) 2.37 3.70 1.70 2.65
Yield to Maturity (%) 4.94 6.19 4.79 4.91
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

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:


0.03%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 13.7946

IDCW Weekly: ₹ 10.3641

More

IDCW Monthly: ₹ 10.2289

IDCW Daily: ₹ 10.2348

IDCW: ₹ 13.7904


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: 8.55%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,566 Cr (As on 31-May-2021)
Expense: 0.24% (As on 30-Apr-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.0030

 11-Jun-20210.0058
 10-Jun-20210.0032
 09-Jun-20210.0074
 08-Jun-20210.0037
 07-Jun-20210.0084
 04-Jun-20210.0025
 03-Jun-20210.0042
 27-May-20210.0006
 25-May-20210.0064
 24-May-20210.0048
 21-May-20210.0038
 20-May-20210.0011
 19-May-20210.0041
 18-May-20210.0022
 17-May-20210.0018
 11-May-20210.0049
 10-May-20210.0063
 07-May-20210.0032
 06-May-20210.0018
 05-May-20210.0048
 03-May-20210.0068
 30-Apr-20210.0057
 29-Apr-20210.0041
 27-Apr-20210.0071
IDCW Weekly14-Jun-20210.0234

 07-Jun-20210.0155
 31-May-20210.0068
 24-May-20210.0163
 17-May-20210.0067
 10-May-20210.0164
 03-May-20210.0241
 26-Apr-20210.0306
 19-Apr-20210.0040
 12-Apr-20210.0115
 05-Apr-20210.0234
 30-Mar-20210.0252
 04-Jan-20210.0262
 28-Dec-20200.0168
 21-Dec-20200.0069
 07-Dec-20200.0121
 01-Dec-20200.0118
 23-Nov-20200.0243
 17-Nov-20200.0203
 09-Nov-20200.0229
 02-Nov-20200.0051
 26-Oct-20200.0301
 19-Oct-20200.0289
 12-Oct-20200.0529
 05-Oct-20200.0290
IDCW Monthly25-May-20210.0690

 26-Apr-20210.0838
 25-Mar-20210.0353
 28-Dec-20200.0353
 25-Nov-20200.0845
 26-Oct-20200.1521
 25-Sep-20200.0669
 27-Jul-20200.1934
 25-Jun-20200.1307
 26-May-20200.1960
 27-Apr-20200.0563
 25-Feb-20200.1061
 27-Jan-20200.0658
 26-Dec-20190.0199
 25-Nov-20190.0686
 25-Oct-20190.0038
 27-May-20190.0954
 25-Apr-20190.0270
 25-Mar-20190.1041
 25-Feb-20190.0385
 25-Jan-20190.0552
 26-Dec-20180.0919
 26-Nov-20180.0651
 25-Oct-20180.0730
 25-Sep-20180.0032

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 for debt funds after the fiasco

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