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Money Market debt funds invest in bonds with maturity of up to 1 year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.
Taxability of earnings:
|YTD||1 Month||3 Months||1 Years||3 Years||5 Years||10 Years|
|CCIL T Bill Liquidity Weight||--||0.30||0.89||--||--||--||--|
|Debt: Money Market||--||0.49||1.64||--||--||--||--|
|Rank within category||--||3||2||--||--||--||--|
|Number of funds in category||17||19||19||17||13||13||0|
As on 13-Dec-2019
|Best (Period)||Worst (Period)|
|Month||0.76 (27-Sep-2019 - 29-Oct-2019)||0.52 (28-Aug-2019 - 27-Sep-2019)|
|Quarter||1.94 (07-Aug-2019 - 06-Nov-2019)||1.87 (09-Aug-2019 - 08-Nov-2019)|
|Year||-- ( - )||-- ( - )|
|CCIL T Bill Liquidity Weight*||4.11||0.25||-6.57||-10.84||--||--|
|Debt: Money Market*||7.10||0.70||3.22||8.70||0.98||2.97|
|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 30-Nov-2019
|Fund||1Y High||1Y Low||Category|
|Number of Securities||16||17||12||41|
|Modified Duration (yrs)||0.33||0.45||0.33||0.35|
|Average Maturity (yrs)||0.35||0.48||0.35||0.35|
|Yield to Maturity (%)||5.53||6.23||5.53||5.50|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Larsen & Toubro 182-D 28/02/2020||Commercial Paper||A1+||0.00 - 9.94||7.86|
|8.39% Rajasthan State 15/03/2020||State Development Loan||SOV||0.00 - 7.54||7.54|
|REC 365-D 04/03/2020||Commercial Paper||A1+||6.21 - 9.75||6.55|
|Barclays Investments & Loans 178-D 28/02/2020||Commercial Paper||A1+||0.00 - 6.54||6.54|
|Power Finance Corp. 360-D 06/03/2020||Commercial Paper||A1+||0.00 - 6.54||6.54|
|Export-Import Bank 27/03/2020||Certificate of Deposit||A1+||0.00 - 6.53||6.53|
|Reliance Retail Ltd. 224-D 16/03/2020||Commercial Paper||A1+||6.19 - 9.73||6.53|
|SIDBI 2020||Certificate of Deposit||A1+||0.00 - 6.51||6.51|
|Kotak Mahindra Investments 252-D 09/07/2020||Commercial Paper||A1+||0.00 - 6.38||6.38|
|HDFC 351-D 13/08/2020||Commercial Paper||A1+||4.72 - 6.36||6.36|
|Tata Capital Housing Finance 365-D 05/08/2020||Commercial Paper||A1+||6.02 - 9.44||6.36|
|HDFC Credila Financial Services 273-D 20/02/2020||Commercial Paper||A1+||4.97 - 7.58||5.24|
|Reliance Industries 180-D 18/05/2020||Commercial Paper||A1+||0.00 - 5.17||5.17|
|National Bank Agr. Rur. Devp 15/05/2020||Securitised Debt||A1+||0.00 - 4.40||4.40|
|HDFC 337-D 26/05/2020||Commercial Paper||A1+||0.00 - 1.29||1.29|
|HDFC 364-D 05/08/2020||Commercial Paper||A1+||0.00 - 1.27||1.27|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Nov-2019
Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.
Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
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.
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The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||1,000|
|Minimum No of Cheques||6|
|Minimum Withdrawal (₹)||--|
|Minimum Balance (₹)||500|
|Fund House:||Axis Mutual Fund|
|Benchmark:||NIFTY Money Market|
|Assets:||₹ 377 Cr (As on 30-Nov-2019)|
|Expense:||0.16% (As on 30-Nov-2019)|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: Axis Asset Management Company Ltd.
Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025
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
Email: [email protected]