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4 star

Axis Corporate Debt Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.10 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.

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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 0.83 0.04 0.08 0.91 0.99 2.31 9.82 8.75 -- -- --
VR Bond -0.07 0.02 -0.14 0.68 -0.19 1.19 4.47 6.88 -- -- --
Debt: Corporate Bond 0.50 0.03 0.02 0.92 0.69 1.84 7.87 8.05 -- -- --
Rank within category 7 3 4 13 5 3 1 7 -- -- --
Number of funds in category 21 22 22 22 21 21 20 15 14 11 0

As on 20-Apr-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 9.82 8.75 -- 0.22 3,807
HDFC Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.93 9.20 8.67 0.30 29,880
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.39 9.23 8.65 0.28 23,508
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 8.92 8.84 8.40 0.28 19,146
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 7.86 8.61 8.37 0.27 8,884

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 8.48 3.27 1.23 1.23 0.38 3.23
VR Bond 6.55 2.13 0.98 1.35 -- --
Debt: Corporate Bond 7.67 2.96 1.50 2.44 0.62 1.92
Rank within category 5 12 12 13 4 1
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-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 79 89 24 90
Modified Duration (yrs) 1.50 2.90 1.50 2.11
Average Maturity (yrs) 1.80 3.70 1.70 2.61
Yield to Maturity (%) 4.99 7.94 4.79 5.11
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 Reserve Bank of India 364-D 01/07/2021 Treasury Bills SOV 0.00 - 5.21 5.21
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 4.60 4.60
equal 6.65% Motherson Sumi Systems 14/09/2023 Non Convertible Debenture AAA 0.00 - 4.24 4.24
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 2.68 - 8.95 4.12
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 3.94 3.94
equal 7.65% Grasim Industries 15/04/2022 Debenture AAA 0.33 - 5.68 3.80
up 5.09% National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 3.43 3.43
equal 6.24% State Bank of India Additional Tier 2 Bond AAA 0.00 - 5.06 2.71
down 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 0.00 - 3.08 2.71
equal 4.54% Maharashtra State 2022 State Development Loan SOV 0.00 - 2.63 2.63
equal 6.79% Tata Capital 30/04/2024 Debenture AAA 0.00 - 2.63 2.63
equal 6.15% Aditya Birla Finance 30/05/2023 Debenture AAA 0.00 - 2.63 2.63
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 4.88 2.59
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 2.39 2.39
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 1.95 1.95
equal 7.00% India Infradebt 11/2025 Debenture AAA 0.00 - 2.40 1.95
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 6.66 1.66
equal 5.83% State Bank of India Additional Tier 2 Bond AAA 0.00 - 2.41 1.65
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 8.03 1.54
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 7.71 1.39
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 1.37 1.37
equal 7.20% Sikka Ports and Terminals 16/06/2023 Zero Coupon Bonds AAA 0.00 - 2.18 1.36
equal 7.42% LIC Housing Fin. 15/07/2022 Bonds/NCDs AAA 0.00 - 1.36 1.36
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 1.36 1.36
equal 7.50% India Infradebt 30/06/2025 Debenture AAA 0.00 - 3.82 1.33

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-Mar-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:


0.04%

Change from previous, NAV as on 20-Apr-2021

Growth: ₹ 13.6151

IDCW Weekly: ₹ 10.3682

More

IDCW Monthly: ₹ 10.2479

IDCW Daily: ₹ 10.2348

IDCW: ₹ 13.6112


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: 8.52%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,807 Cr (As on 31-Mar-2021)
Expense: 0.22% (As on 31-Mar-2021)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily20-Apr-20210.0040

 19-Apr-20210.0032
 15-Apr-20210.0008
 12-Apr-20210.0040
 09-Apr-20210.0005
 06-Apr-20210.0069
 05-Apr-20210.0173
 31-Mar-20210.0058
 30-Mar-20210.0104
 26-Mar-20210.0025
 08-Jan-20210.0022
 05-Jan-20210.0097
 04-Jan-20210.0090
 01-Jan-20210.0080
 31-Dec-20200.0022
 30-Dec-20200.0046
 29-Dec-20200.0020
 28-Dec-20200.0086
 24-Dec-20200.0033
 23-Dec-20200.0013
 22-Dec-20200.0019
 18-Dec-20200.0022
 17-Dec-20200.0017
 16-Dec-20200.0023
 15-Dec-20200.0007
IDCW Weekly19-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
 28-Sep-20200.0029
 21-Sep-20200.0003
 07-Sep-20200.0365
 31-Aug-20200.0044
 17-Aug-20200.0242
 29-Jun-20200.0430
 22-Jun-20200.0818
 15-Jun-20200.0399
IDCW Monthly25-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
 27-Aug-20180.0538
 25-Jul-20180.0568

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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