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Unrated

Axis Floater Fund - Direct 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 -- 0.03 0.08 0.36 -- -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- -0.03 0.01 0.17 -- -- -- -- -- -- --
Debt: Floater -- 0.01 0.06 0.42 -- -- -- -- -- -- --
Rank within category -- 2 3 9 -- -- -- -- -- -- --
Number of funds in category 8 12 12 12 10 10 7 5 5 5 0

As on 23-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Floater Fund - Direct Plan
Unrated
Jul-21 -- -- -- 0.30 1,721
HDFC Floating Rate Debt Fund - Direct Plan  | Invest Online
Unrated
Jan-13 6.30 8.04 7.66 0.23 22,077
Aditya Birla Sun Life Floating Rate Fund - Direct Plan  | Invest Online
Unrated
Jan-13 5.20 7.80 7.60 0.23 21,707
Nippon India Floating Rate Fund - Direct Plan  | Invest Online
Unrated
Jan-13 6.53 9.14 7.91 0.24 18,784
ICICI Prudential Floating Interest Fund - Direct Plan  | Invest Now
Unrated
Jan-13 7.15 8.67 8.23 0.58 13,631

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.21 11-Aug-2021 - 18-Aug-2021 0.03 06-Sep-2021 - 13-Sep-2021
Month 0.56 06-Aug-2021 - 06-Sep-2021 0.34 18-Aug-2021 - 17-Sep-2021
Quarter -- - -- -
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: Floater* 7.79 1.24 3.10 4.80 0.68 4.21
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 31 32 14 96
Modified Duration (yrs) 0.94 0.96 0.94 1.15
Average Maturity (yrs) 2.51 2.51 2.02 2.67
Yield to Maturity (%) 4.46 4.46 4.14 4.43
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 - 9.15 9.15
up 7.59% GOI 2026 GOI Securities SOV 3.15 - 4.68 4.68
new 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 4.43 4.43
new Deutsche Investments 157-D 04/02/2022 Commercial Paper A1+ 0.00 - 4.28 4.28
equal 8.08% GOI 2022 Central Government Loan SOV 3.92 - 7.97 3.92
new First Business Receivable Trust Securitised Debt AAA 1.77 - 1.81 3.58
equal 7.37% GOI 16/04/2023 GOI Securities SOV 3.05 - 6.19 3.05
new 7.45% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 3.02 3.02
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 3.01 - 6.12 3.01
new 6.92% REC 22/04/2023 Non Convertible Debenture AAA 0.00 - 3.01 3.01
equal Varanasi Sangam Expressway 29/12/2034 Non Convertible Debenture AAA 2.94 - 5.95 2.94
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 2.92 - 5.89 2.92
new 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 2.91 2.91
new Tata Capital Financial Services 2024 Floating Rate Debenture AAA 0.00 - 2.90 2.90
new Dalmia Cement (Bharat) Ltd 91-D 22/11/2021 Commercial Paper A1+ 0.00 - 2.88 2.88
new Sikka Ports and Terminals 184-D 23/02/2022 Commercial Paper A1+ 0.00 - 2.85 2.85
new Kotak Mahindra Investments 184-D 03/03/2022 Commercial Paper A1+ 0.00 - 2.85 2.85
new 7.10% Muthoot Finance 20/06/2024 Non Convertible Debenture AA+ 0.00 - 2.84 2.84
new HDFC-Warrant 362-D 22/08/2022 Commercial Paper A1+ 0.00 - 2.79 2.79
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 2.74 - 5.56 2.74
new Tata Motors Finance 31/05/2024 Debenture AA- 0.00 - 2.33 2.33
new 5.90% Bharti Hexacom 30/04/2024 Debenture AA 0.00 - 2.32 2.32
up Mahindra Rural Housing Finance 17/06/2024 Debenture AA+ 2.29 - 2.90 2.29
new Tata Teleservices (Mah) 354-D 22/11/2021 Commercial Paper A1+ 0.00 - 1.73 1.73
new 7.17% GOI 2028 GOI Securities SOV 0.00 - 1.53 1.53

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-Aug-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:


0.03%

Change from previous, NAV as on 23-Sep-2021

Growth: ₹ 1,008.3320

IDCW Yearly: ₹ 1,008.3174

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IDCW Quarterly: ₹ 1,008.3291

IDCW Monthly: ₹ 1,004.7250

IDCW Daily: ₹ 1,001.3094


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: 0.83%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,721 Cr (As on 31-Aug-2021)
Expense: 0.30% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily23-Sep-20210.2455

 21-Sep-20210.1166
 20-Sep-20210.3652
 15-Sep-20210.3188
 14-Sep-20210.0698
 13-Sep-20210.2528
 06-Sep-20210.3291
 02-Sep-20210.1745
 01-Sep-20210.5264
 31-Aug-20210.1849
 30-Aug-20210.6184
 27-Aug-20210.2915
 23-Aug-20210.3209
 20-Aug-20210.2189
 18-Aug-20210.1910
 17-Aug-20212.6813
IDCW Monthly24-Aug-20213.5872

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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