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Unrated

Axis Floater Fund - Regular Plan


Debt: Floater

Suitability:

"This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.

They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

If you do decide to invest in them, remember that 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 -- -0.01 -0.02 0.27 -- -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.01 0.03 0.12 -- -- -- -- -- -- --
Debt: Floater -- 0.00 0.03 0.31 -- -- -- -- -- -- --
Rank within category -- 9 12 7 -- -- -- -- -- -- --
Number of funds in category 8 12 12 12 11 10 7 5 5 5 5

As on 27-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Floater Fund - Regular Plan
Unrated
Jul-21 -- -- -- 0.73% 2,417
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 5.25 7.72 7.37 0.48% 24,158
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 4.75 8.50 7.30 0.57% 20,566
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 4.27 7.39 7.23 0.42% 19,583
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 4.27 7.39 7.23 0.28% 19,583

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.20 11-Aug-2021 - 18-Aug-2021 0.00 13-Oct-2021 - 20-Oct-2021
Month 0.52 06-Aug-2021 - 06-Sep-2021 0.20 06-Sep-2021 - 06-Oct-2021
Quarter -- - -- -
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.34 0.40 -1.54 -3.94 -- --
Debt: Floater* 7.37 1.23 2.79 4.40 0.75 3.88
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 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 41 42 14 97
Modified Duration (yrs) 0.81 0.96 0.81 1.17
Average Maturity (yrs) 3.29 3.29 2.02 2.93
Yield to Maturity (%) 4.68 4.68 4.14 4.57
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 GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 8.87 - 18.33 18.33
new Reliance Industries Corporate Bond Repo -- 0.00 - 5.99 5.99
up 6.92% REC 22/04/2023 Non Convertible Debenture AAA 0.00 - 3.71 3.71
new L&T Finance 364-D 02/09/2022 Commercial Paper A1+ 0.00 - 3.18 3.18
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 4.43 3.14
equal Deutsche Investments 157-D 04/02/2022 Commercial Paper A1+ 0.00 - 4.28 3.06
new Piramal Capital & Housing Finance 364-D 16/03/2022 Commercial Paper A1+ 0.00 - 3.00 3.00
equal First Business Receivable Trust Securitised Debt AAA 1.26 - 1.81 2.55
up 7.10% Muthoot Finance 20/06/2024 Non Convertible Debenture AA+ 0.00 - 2.84 2.45
equal 7.37% GOI 16/04/2023 GOI Securities SOV 2.16 - 6.19 2.16
equal 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 3.02 2.14
new 6.98% Power Finance Corporation 20/04/2023 Non Convertible Debenture AAA 0.00 - 2.14 2.14
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 2.14 - 6.12 2.14
new 6.75% Power Finance Corporation 22/05/2023 Debenture AAA 0.00 - 2.13 2.13
new 7.09% REC 17/10/2022 Debenture AAA 0.00 - 2.12 2.12
equal Varanasi Sangam Expressway 29/12/2034 Non Convertible Debenture AAA 2.08 - 5.95 2.08
equal 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 2.91 2.07
equal Tata Capital Financial Services 2024 Floating Rate Debenture AAA 0.00 - 2.90 2.07
new Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 2.05 2.05
equal Sikka Ports and Terminals 184-D 23/02/2022 Commercial Paper A1+ 0.00 - 2.85 2.04
equal Kotak Mahindra Investments 184-D 03/03/2022 Commercial Paper A1+ 0.00 - 2.85 2.03
equal HDFC-Warrant 362-D 22/08/2022 Commercial Paper A1+ 0.00 - 2.79 1.99
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 1.94 - 5.56 1.94
new 6.10% Sundew Properties 28/06/2024 Debenture AAA 0.00 - 1.86 1.86
up Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 1.81 1.81

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-Sep-2021

Fund Manager

— Aditya Pagaria since 12-Jul-2021

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.

Funds Managed:


-0.01%

Change from previous, NAV as on 27-Oct-2021

Growth: ₹ 1,010.2260

IDCW Yearly: ₹ 1,010.2188

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IDCW Quarterly: ₹ 1,010.2158

IDCW Monthly: ₹ 1,000.8658

IDCW Daily: ₹ 1,001.0105


Investment Strategy

The scheme seeks to generate regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 26-Jul-2021
Return Since Launch: 1.02%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,417 Cr (As on 30-Sep-2021)
Expense: 0.73% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly25-Oct-20212.8506

 24-Sep-20213.2305
 24-Aug-20213.2345
IDCW Daily22-Oct-20210.0588

 18-Oct-20210.0595
 13-Oct-20210.1182
 12-Oct-20210.4731
 11-Oct-20210.7654
 08-Oct-20210.4243
 04-Oct-20210.0731
 01-Oct-20210.3618
 30-Sep-20210.1937
 29-Sep-20210.0367
 28-Sep-20210.2674
 23-Sep-20210.2245
 21-Sep-20210.1070
 20-Sep-20210.3132
 15-Sep-20210.3034
 14-Sep-20210.0579
 13-Sep-20210.2016
 06-Sep-20210.2885
 02-Sep-20210.1860
 01-Sep-20210.5261
 31-Aug-20210.1521
 30-Aug-20210.5694
 27-Aug-20210.2856
 23-Aug-20210.2908
 20-Aug-20210.2033

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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