1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
"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
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Axis Corporate Debt Direct-G | 2.34 | -0.01 | 0.20 | 0.78 | 1.85 | 1.67 | 3.77 | 7.45 | 7.40 | -- | -- |
VR Bond | 1.12 | -0.16 | 0.27 | 1.11 | 1.56 | 0.69 | 2.93 | 4.14 | 5.17 | -- | -- |
Debt: Corporate Bond | 1.54 | -0.02 | 0.22 | 0.75 | 1.70 | 0.95 | 2.83 | 6.43 | 6.74 | -- | -- |
Rank within category | 2 | 11 | 9 | 7 | 5 | 2 | 3 | 1 | 1 | -- | -- |
Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 21 | 19 | 14 | 12 | 0 |
As on 18-Aug-2022
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Axis Corporate Debt Fund - Direct Plan | Jul-17 | 3.77 | 7.45 | 7.40 | 0.24 | 3,122 | |
ICICI Prudential Corporate Bond Fund - Direct Plan | Invest Now | Jan-13 | 3.88 | 6.87 | 7.09 | 0.27 | 15,042 | |
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan | Invest Online | Jan-13 | 3.33 | 7.03 | 7.28 | 0.30 | 13,321 | |
Kotak Corporate Bond Fund - Standard Plan - Direct Plan | Invest Online | Jan-13 | 3.36 | 6.39 | 7.11 | 0.30 | 8,667 | |
Nippon India Corporate Bond Fund - Direct Plan | Invest Online | Jan-13 | 3.93 | 6.71 | 6.96 | 0.27 | 1,915 |
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 | 2.79 | 14-Jun-2021 - 14-Jun-2022 |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Axis Corporate Debt Direct-G | 7.25 | 2.17 | 1.73 | 3.94 | 0.69 | 3.49 |
VR Bond | 3.88 | 1.88 | 0.21 | 0.29 | -- | -- |
Debt: Corporate Bond | 6.25 | 2.15 | 1.34 | 2.51 | 0.78 | 2.45 |
Rank within category | 1 | 12 | 3 | 3 | 9 | 1 |
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
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 | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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REC 2023 | Bonds | AAA | 2.90 - 5.00 | 5.00 |
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GOI 22/09/2033 | GOI Securities Floating Rate Bond | SOV | 2.14 - 5.36 | 3.30 |
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8.25% L&T Finance 24/01/2023 | Debenture | AAA | 1.85 - 3.23 | 3.23 |
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M&M Financial Services 23/07/2024 | Debenture | AAA | 1.78 - 3.20 | 3.20 |
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6.18% Gujarat State 25/01/2026 | State Development Loan | SOV | 0.00 - 3.11 | 3.11 |
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6.25% Embassy Office Parks REIT 18/10/2024 | Debenture | AAA | 0.00 - 2.97 | 2.97 |
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7.25% Larsen & Toubro 24/04/2023 | Non Convertible Debenture | AAA | 1.48 - 2.57 | 2.57 |
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7.24% REC 31/12/2022 | Non Convertible Debenture | AAA | 0.00 - 2.41 | 2.41 |
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6.79% Tata Capital 30/04/2024 | Debenture | AAA | 1.79 - 2.80 | 2.38 |
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6.40% Embassy Office Parks REIT 15/02/2024 | Debenture | AAA | 1.35 - 2.37 | 2.37 |
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8.07% Gujarat State 2025 | State Development Loan | SOV | 0.00 - 2.30 | 2.30 |
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5.23% National Bank Agr. Rur. Devp 31/01/2025 | Non Convertible Debenture | AAA | 0.00 - 1.84 | 1.84 |
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7.35% National Bank Agr. Rur. Devp 2025 | Debenture | AAA | 0.00 - 1.61 | 1.61 |
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5.30% HDFC 2023 | Debenture | AAA | 0.90 - 1.59 | 1.59 |
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5.84% Indian Oil Corporation 19/04/2024 | Debenture | AAA | 0.00 - 1.58 | 1.58 |
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HDFC 154-D 25/11/2022 | Commercial Paper | A1+ | 0.00 - 1.57 | 1.57 |
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GOI 2028 | GOI Securities | SOV | 0.00 - 1.55 | 1.55 |
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6.37% L&T Metro Rail (Hyderabad) 30/04/2025 | Debenture | AAA | 0.00 - 1.55 | 1.55 |
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6.24% State Bank of India | Additional Tier 2 Bond | AAA | 0.00 - 1.61 | 1.55 |
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HDFC Bank 2023 | Certificate of Deposit | A1+ | 0.00 - 1.54 | 1.54 |
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Varanasi Sangam Expressway 29/12/2034 | Non Convertible Debenture | AAA | 0.90 - 1.53 | 1.53 |
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5.74% GOI 15/11/2026 | GOI Securities | SOV | 0.00 - 3.50 | 1.53 |
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7.69% National Bank Agr. Rur. Devp 29/05/2024 | Non Convertible Debenture | AAA | 0.00 - 1.46 | 1.46 |
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5.14% National Bank Agr. Rur. Devp 21-D 31/01/2024 | Debenture | AAA | 0.00 - 1.41 | 1.41 |
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6.59% Summit Digitel Infrastructure 16/06/2026 | Debenture | AAA | 1.22 - 1.84 | 1.39 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jul-2022
— 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:
The Scheme seeks to provide steady income and capital appreciation by investing in corporate debt.
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 |
Fund House: | Axis Mutual Fund |
Launch Date: | 13-Jul-2017 |
Return Since Launch: | 7.45% |
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: | 0.24% (As on 31-Jul-2022) |
Risk Grade: | Below Average |
Return Grade: | High |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Daily | 17-Aug-2022 | 0.0180 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Weekly | 17-Aug-2022 | 0.0400 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Monthly | 25-Jul-2022 | 0.0637 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW | 25-Mar-2022 | 1.0000 |
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