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Axis Floater Fund - Regular Plan download report


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
Axis Floater Fund Reg-G 1.28 0.01 0.08 0.05 0.41 1.35 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.85 0.04 0.07 0.25 0.38 0.89 -- -- -- -- --
Debt: Floater 0.86 0.00 0.11 0.07 0.17 0.95 -- -- -- -- --
Rank within category 3 7 10 8 3 4 -- -- -- -- --
Number of funds in category 12 12 12 12 12 12 10 7 5 5 5

As on 24-Jun-2022

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% 1,103
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 2.98 6.14 6.60 0.48% 18,174
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 1.74 5.82 6.14 1.33% 15,667
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 3.53 6.04 6.61 0.48% 14,069
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 3.54 6.04 6.61 0.28% 14,069

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.40 21-Mar-2022 - 28-Mar-2022 -0.41 02-May-2022 - 09-May-2022
Month 0.93 07-Mar-2022 - 06-Apr-2022 -0.21 06-Apr-2022 - 06-May-2022
Quarter 1.24 04-Jan-2022 - 05-Apr-2022 0.33 25-Mar-2022 - 24-Jun-2022
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis Floater Fund Reg-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.69 0.37 -2.20 -4.41 -- --
Debt: Floater* 5.84 1.49 1.61 3.06 1.28 3.38
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-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 37 45 14 73
Modified Duration (yrs) 0.96 1.12 0.75 --
Average Maturity (yrs) 3.69 3.74 2.02 --
Yield to Maturity (%) 6.64 6.64 4.14 --
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
down GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 8.87 - 24.40 18.35
new Reliance Retail Ventures 164-D 29/07/2022 Commercial Paper A1+ 0.00 - 6.75 6.75
new SIDBI 182-D 31/10/2022 Commercial Paper A1+ 0.00 - 6.64 6.64
equal 6.98% Power Finance Corporation 20/04/2023 Non Convertible Debenture AAA 0.00 - 4.82 4.55
equal Tata Capital Financial Services 2024 Floating Rate Debenture AAA 0.00 - 4.73 4.54
equal 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 4.38 4.38
equal Varanasi Sangam Expressway 29/12/2034 Non Convertible Debenture AAA 1.79 - 5.95 4.35
equal 6.10% Sundew Properties 28/06/2024 Debenture AAA 0.00 - 4.22 3.96
equal Tata Motors Finance 31/05/2024 Debenture AA- 0.00 - 3.82 3.67
equal Mahindra Rural Housing Finance 17/06/2024 Debenture AA+ 1.41 - 3.78 3.62
equal TMF Holdings 18/11/2024 Debenture AA- 0.00 - 3.77 3.62
equal First Business Receivable Trust Securitised Debt AAA 1.09 - 2.95 2.84
equal 6.92% REC 22/04/2023 Non Convertible Debenture AAA 0.00 - 3.71 2.46
equal Reliance Industries 21/09/2023 Debenture AAA 0.00 - 2.44 2.35
equal 6.75% Power Finance Corporation 22/05/2023 Debenture AAA 0.00 - 3.88 2.27
equal 6.51% GOI 2024 GOI Securities SOV 0.00 - 2.34 2.24
equal 7.80% Hinduja Leyland Finance 29/12/2023 Debenture AA- 0.00 - 2.38 2.24
equal HDFC Bank 26/09/2022 Certificate of Deposit A1+ 0.00 - 2.23 2.23
new HDFC Bank 14/10/2022 Certificate of Deposit A1+ 0.00 - 2.22 2.22
new HDFC 155-D 27/10/2022 Commercial Paper A1+ 0.00 - 2.21 2.21
new Larsen & Toubro 213-D 30/12/2022 Commercial Paper A1+ 0.00 - 2.19 2.19
new SIDBI 30/05/2023 Commercial Paper A1+ 0.00 - 2.13 2.13
equal DME Development 18/03/2030 Debenture AAA 0.00 - 0.25 0.24
equal DME Development 16/03/2032 Debenture AAA 0.00 - 0.25 0.24
equal DME Development 16/03/2034 Debenture AAA 0.00 - 0.25 0.24

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-May-2022

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:

— Hardik Shah since 31-Jan-2022

Education: Mr. Shah has done B.E. Information Technology and MBA Finance.

Experience: Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 24-Jun-2022

Growth: ₹ 1,026.2559

IDCW Yearly: ₹ 1,020.2372

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IDCW Quarterly: ₹ 1,013.0994

IDCW Monthly: ₹ 1,000.3912

IDCW Daily: ₹ 999.6065


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

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

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 26-Jul-2021
Return Since Launch: 2.63%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,103 Cr (As on 31-May-2022)
Expense: 0.73% (As on 31-May-2022)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-May-20220.3523

 29-Apr-20220.2567
 28-Apr-20220.0104
 27-Apr-20220.1340
 26-Apr-20220.3505
 25-Apr-20220.6806
 22-Apr-20220.2892
 07-Apr-20220.1195
 06-Apr-20220.0281
 05-Apr-20220.7547
 31-Mar-20220.9547
 28-Mar-20221.0408
 25-Mar-20220.8294
 24-Mar-20221.5122
 23-Mar-20220.3046
 22-Mar-20220.3103
 21-Mar-20220.5875
 17-Mar-20220.2039
 16-Mar-20220.5199
 15-Mar-20220.0784
 14-Feb-20220.1343
 11-Feb-20220.1496
 10-Feb-20220.3709
 31-Jan-20220.5253
 25-Jan-20220.3104
IDCW Monthly25-Apr-20223.8699

 25-Mar-20225.6530
 25-Jan-20224.1197
 27-Dec-20211.0435
 25-Nov-20211.5671
 25-Oct-20212.8506
 24-Sep-20213.2305
 24-Aug-20213.2345
IDCW Quarterly25-Mar-20223.0000

 27-Dec-202110.0000
IDCW Yearly25-Mar-20226.0000

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

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies 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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