Axis Corporate Bond Fund Direct Pyt of Inc Dis cum Cap Wdrl

Axis Corporate Bond Fund Direct Pyt of Inc Dis cum Cap Wdrl is a debt fund. This fund was started on 13 July, 2017. The fund is managed by Devang Shah, Hardik Shah. This fund is suitable to keep your money safe.

1. Axis Corporate Bond Fund Direct Pyt of Inc Dis cum Cap Wdrl has ₹7341 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.3.
   

Axis Corporate Bond Fund Direct Pyt of Inc Dis cum Cap Wdrl has given a CAGR return of 7.73% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.75%, 8.24% and 7.38% respectively.

Axis Corporate Bond Fund Direct Pyt of Inc Dis cum Cap Wdrl has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.18% Govt Stock 2033, Small Industries Development Bank Of India, 7.48% National Bank For Agriculture And Rural Development, National Bank For Agriculture And Rural Development

As it is a corporate bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

The Scheme seeks to provide steady income and capital appreciation by investing in corporate debt. There is no assurance or guarantee that the objectives of the Scheme will be realized.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Corporate Bond Fund Direct Pyt of Inc Dis cum Cap Wdrl has no lock in period.