Axis Corporate Bond Fund Direct Growth

Axis Corporate Bond Fund Direct Growth

Debt

Direct

Corporate Bond

NAV as on 03-12-2024

₹ 17.13

0.2%

1D

Inception Returns

7.6%

/yr

About Axis Corporate Bond Fund Direct Growth

Axis Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 13 July, 2017. The fund is managed by Hardik Shah, Devang Shah. This fund is suitable to keep your money safe.

Key Parameters

  1. Axis Corporate Bond Fund Direct Growth has ₹5900 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.

Returns

Axis Corporate Bond Fund Direct Growth has given a CAGR return of 7.55% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.11%, 6.79% and 7.38% respectively.

Holdings

Axis Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.18% Govt Stock 2033, 7.26% Govt Stock 2033, Small Industries Development Bank Of India, Summit Digitel Infrastructure Limited

Taxation

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:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Axis Corporate Bond Fund Direct Growth

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 and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Corporate Bond Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1198 people have invested ₹ 55.6L in Axis Corporate Bond Fund Direct Growth in the last three months

Axis Corporate Bond Fund Direct Growth Overview

Expense ratio0.32%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹5900 Cr
Inception Date13 July, 2017
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
298.09%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (03-Dec-24)

Period
Axis Corporate Bond Fund Direct Growth
Corporate Bond Index
1M
0.8%
0.6%
3M
2.2%
1.8%
6M
4.6%
3.9%
1Y
9.1%
8.1%
3Y
6.8%
5.8%
5Y
7.4%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
98.4%

AA
1.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
56.6%
Government
39.5%
Cash Equivalent
3.9%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 6.2K Cr
₹ 6.1K Cr
₹ 5.8K Cr
  • AUM of the fund stands at 6.2K Cr as of Oct'24
  • AUM increased by 64 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 5.1% to 3.9%
Cash allocation has gone down from 5.1% to 3.9%
Debt allocation has gone up from 94.6% to 95.8%
Debt allocation has gone up from 94.6% to 95.8%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
57%
Government
39%
Sep'24
Corporate
56%
Government
39%
  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
7.15%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
3.37%
21.6%
7.26% Govt Stock 2033
7.26% Govt Stock 2033
2.69%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
2.55%
0%
Summit Digitel Infrastructure Limited
Summit Digitel Infrastructure Limited
2.33%
0%
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Hardik Shah
Hardik Shah
Fund Manager of Axis Corporate Bond Fund Direct Growth, since 31 January 2022
Devang Shah
Devang Shah
Fund Manager of Axis Corporate Bond Fund Direct Growth, since 13 July 2017
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.35L Cr
as on 31-Oct-2024
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Mutual Fund Insights

Insights icon
In the last 5 years, this fund has outperformed all funds in its category.
Insights icon
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.32% which is lower than the category average expense ratio of 0.5%.
Insights icon
Over the last 1 month, this fund has experienced a 4.3% drop in AUM moving from 6.16K Cr to 5.89K Cr.
Insights icon
In the last 1 year, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 9.33% return, outperforming this fund by 0.22%.
Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.98% return, outperforming this fund by 0.19% per annum.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 18.5% moving from 0.27 to 0.32.

Axis Corporate Bond Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.55% since inception which is more than its category average return of 5.71%
AUM size ₹5900 Cr

AUM size ₹5900 Cr

This fund has AUM of ₹5900 Cr which is less than its category average of ₹ 6823 Cr
Expense Ratio 0.32%

Expense Ratio 0.32%

This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions for Axis Corporate Bond Fund Direct Growth

The current NAV of Axis Corporate Bond Fund Direct Growth is ₹17.13 as on 03-Dec-2024.
Existing (Absolute + CAGR) as on 03-Dec-2024.
Axis Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.81%
0.81%
6 Month Returns
4.63%
4.63%
1 Year Returns
9.11%
9.11%
3 Years Returns
21.77%
6.79%
5 Years Returns
42.75%
7.38%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.32% as on November 2024
₹5900 Cr as on November 2024
7.1% Govt Stock 2034(7.15%), 7.18% Govt Stock 2033(3.37%), 7.26% Govt Stock 2033(2.69%), Small Industries Development Bank Of India(2.55%), Summit Digitel Infrastructure Limited(2.33%) as on November 2024
Corporate(57.72%), Government(36.62%), Cash Equivalent(5.65%) as on November 2024
Yield to Maturity is 7.4 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.62 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
98.44
AA
1.56
Hardik Shah, Devang Shah are the fund managers of Axis Corporate Bond Fund Direct Growth
The Exit load of Axis Corporate Bond Fund Direct Growth is 0%