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4 star

Axis Corporate Debt Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.06 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 2.59 0.02 0.10 0.65 1.25 2.91 5.91 8.54 -- -- --
VR Bond 0.63 0.23 0.17 0.38 0.31 1.30 2.20 6.70 -- -- --
Debt: Corporate Bond 2.25 0.02 0.10 0.71 1.28 2.86 5.17 8.58 -- -- --
Rank within category 5 16 16 16 12 9 4 11 -- -- --
Number of funds in category 20 21 21 21 21 20 19 15 13 11 0

As on 03-Aug-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 5.91 8.54 -- 0.26 4,876
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.80 9.34 8.43 0.30 24,168
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 5.25 8.82 8.12 0.27 20,276
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 5.39 8.50 8.19 0.32 9,849
DSP Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.56 -- -- 0.25 2,670

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 8.30 3.28 1.27 1.29 0.39 3.24
VR Bond 6.51 2.11 1.13 1.61 -- --
Debt: Corporate Bond 8.31 2.56 1.89 3.10 0.63 2.68
Rank within category 11 12 13 13 3 4
Number of funds in category 15 15 15 15 15 15

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

As on 31-Jul-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 89 92 44 100
Modified Duration (yrs) 1.64 2.90 1.50 --
Average Maturity (yrs) 2.28 3.70 1.70 --
Yield to Maturity (%) 4.90 5.76 4.79 --
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
up 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 6.16 6.16
up 8.30% Reliance Industries 2022 Debenture AAA 2.15 - 4.88 3.58
new REC 2023 Bonds AAA 0.00 - 3.36 3.36
equal 6.65% Motherson Sumi Systems 14/09/2023 Non Convertible Debenture AAA 0.00 - 4.24 3.32
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.68 - 6.18 3.28
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 3.94 3.08
equal 5.75% HDB Financial Services 28/05/2024 Debenture AAA 0.00 - 3.28 3.07
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.33 - 3.80 2.95
up GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 2.36 2.36
down 5.09% National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 3.43 2.16
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.00 - 3.08 2.11
equal 6.15% Aditya Birla Finance 30/05/2023 Debenture AAA 0.00 - 2.63 2.07
equal 4.54% Maharashtra State 2022 State Development Loan SOV 0.00 - 2.63 2.06
equal 6.79% Tata Capital 30/04/2024 Debenture AAA 0.00 - 2.63 2.06
new 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 2.04 2.04
new ICICI Securities 174-D 20/12/2021 Commercial Paper A1+ 0.00 - 2.01 2.01
new IDFC First Bank 2022 Certificate of Deposit A1+ 0.00 - 1.97 1.97
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 2.39 1.85
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 1.75 1.75
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 7.71 1.62
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.95 1.54
equal 7.00% India Infradebt 11/2025 Debenture AAA 0.00 - 2.40 1.54
new Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 1.51 1.51
equal 5.83% State Bank of India 26/10/2030 Additional Tier 2 Bond AAA 0.00 - 2.41 1.30
up 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 1.29 1.29

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-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:


0.02%

Change from previous, NAV as on 04-Aug-2021

Growth: ₹ 13.8557

IDCW Weekly: ₹ 10.3680

More

IDCW Monthly: ₹ 10.2049

IDCW Daily: ₹ 10.2348

IDCW: ₹ 13.8514


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: 8.36%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 4,876 Cr (As on 30-Jun-2021)
Expense: 0.26% (As on 30-Jun-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Aug-20210.0016

 02-Aug-20210.0068
 30-Jul-20210.0005
 28-Jul-20210.0009
 27-Jul-20210.0025
 26-Jul-20210.0053
 23-Jul-20210.0011
 20-Jul-20210.0049
 19-Jul-20210.0049
 16-Jul-20210.0070
 15-Jul-20210.0054
 14-Jul-20210.0019
 14-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
IDCW Weekly02-Aug-20210.0109

 26-Jul-20210.0115
 19-Jul-20210.0195
 14-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
IDCW Monthly26-Jul-20210.0517

 25-Jun-20210.0173
 25-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

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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