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Axis Corporate Debt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.69 0.07 0.32 0.78 2.13 5.04 6.94 -- -- -- --
VR Bond 0.39 0.06 0.22 0.53 1.41 1.87 8.01 -- -- -- --
Debt: Corporate Bond 0.70 0.06 0.30 0.82 2.04 4.41 8.65 -- -- -- --
Rank within category 12 7 6 12 6 5 15 -- -- -- --
Number of funds in category 20 20 20 20 20 20 18 14 13 8 0

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.74 (01-Jul-2019 - 08-Jul-2019) -3.77 (03-Jun-2019 - 10-Jun-2019)
Month 1.87 (03-Jul-2019 - 02-Aug-2019) -3.41 (31-May-2019 - 01-Jul-2019)
Quarter 3.64 (10-Jun-2019 - 09-Sep-2019) -1.92 (02-Apr-2019 - 02-Jul-2019)
Year 10.64 (01-Jun-2018 - 03-Jun-2019) 5.97 (26-Jun-2018 - 26-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.11 2.14 0.18 0.33 -- --
Debt: Corporate Bond* 6.81 2.59 0.81 1.44 0.61 0.85
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 18 30 15 67
Modified Duration (yrs) 2.30 2.60 1.40 2.27
Average Maturity (yrs) 3.10 3.50 1.80 2.91
Yield to Maturity (%) 6.58 8.60 6.58 7.20

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new NTPC 91-D 17/03/2020 Commercial Paper A1+ 0.00 - 9.38 9.38
new Larsen & Toubro 182-D 28/02/2020 Commercial Paper A1+ 0.00 - 8.30 8.30
equal 8.45% REC 22/03/2022 Debenture AAA 0.00 - 7.57 7.46
equal 8.20% Power Finance Corp. 27/05/2022 Non Convertible Debenture AAA 0.00 - 7.56 7.13
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 0.00 - 7.21 7.11
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 5.86 5.77
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 5.75 5.75
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 5.62 5.62
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 5.70 5.62
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 5.65 5.60
equal 7.95% SIDBI 26/04/2022 Debenture AAA 0.00 - 11.05 4.59
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 3.47 3.43
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 0.00 - 2.96 2.94
equal HDFC Bank 28/12/2028 Debenture AAA 1.89 - 2.96 2.94
equal 8.30% IRFC 25/03/2029 Debenture AAA 0.00 - 2.92 2.92
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 2.91 2.87
equal 9.32% Magma Fincorp 25/06/2021 Pass Through Certificate AAA 0.30 - 0.65 0.30
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 4.48 0.28

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-Dec-2019

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.

Funds Managed:


0.07%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 12.1010

Dividend Weekly: ₹ 10.1971

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Dividend Monthly: ₹ 10.2299

Dividend Daily: ₹ 10.1606

Dividend: ₹ 12.0980


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
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 13-Jul-2017
Return Since Launch: 7.82%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 179 Cr (As on 31-Dec-2019)
Expense: 0.28% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Jan-20200.0053

 23-Jan-20200.0050
 22-Jan-20200.0067
 21-Jan-20200.0031
 20-Jan-20200.0032
 17-Jan-20200.0014
 16-Jan-20200.0015
 13-Jan-20200.0005
 09-Jan-20200.0041
 08-Jan-20200.0030
 07-Jan-20200.0027
 03-Jan-20200.0052
 02-Jan-20200.0030
 01-Jan-20200.0054
 31-Dec-20190.0008
 30-Dec-20190.0023
 27-Dec-20190.0013
 04-Dec-20190.0075
 03-Dec-20190.0017
 02-Dec-20190.0019
 29-Nov-20190.0023
 28-Nov-20190.0068
 27-Nov-20190.0013
 26-Nov-20190.0028
 25-Nov-20190.0083
Dividend Weekly20-Jan-20200.0062

 13-Jan-20200.0109
 06-Jan-20200.0138
 30-Dec-20190.0043
 23-Dec-20190.0086
 02-Dec-20190.0151
 25-Nov-20190.0161
 18-Nov-20190.0258
 04-Nov-20190.0067
 03-Jun-20190.0165
 27-May-20190.0383
 20-May-20190.0226
 13-May-20190.0158
 06-May-20190.0066
 30-Apr-20190.0081
 02-Apr-20190.0281
 25-Mar-20190.0205
 18-Mar-20190.0322
 11-Mar-20190.0319
 05-Mar-20190.0162
 25-Feb-20190.0104
 18-Feb-20190.0045
 11-Feb-20190.0186
 28-Jan-20190.0147
 21-Jan-20190.0030
Dividend Monthly26-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
 27-Aug-20180.0538
 25-Jul-20180.0568
 25-Jun-20180.0696
 25-May-20180.0199
 25-Apr-20180.0460
 26-Mar-20180.0557
 26-Feb-20180.0385
 25-Jan-20180.0351
 26-Dec-20170.0305
 27-Nov-20170.0396
 25-Oct-20170.0447
 25-Sep-20170.0391
 28-Aug-20170.0474

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: www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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