Axis Corporate Debt Fund Direct Growth
Debt
Direct
Corporate Bond
NAV: ₹ 15 as on 29-03-2023
Fund Performance
432 people have invested ₹ 54.5L in mutual fund in the last three months
Fund Insights
In the last 1 year, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 5.85% return, outperforming Axis Corporate Debt Fund Direct Growth by 0.9%
In the last 3 years, Axis Corporate Debt Fund Direct Growth has outperformed all funds in its category
In the last 5 years, HSBC Corporate Bond Fund Direct Plan Growth Plan has given 7.56% return, outperforming Axis Corporate Debt Fund Direct Growth by 0.32% per annum
Over the last 1 year, Axis Corporate Debt Fund Direct Growth has decreased expense ratio by 12.0% moving from 0.25 to 0.22
Axis Corporate Debt Fund Direct Growth has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.22% which is lower than the category average expense ratio of 0.47%
Over the last 3 months, Axis Corporate Debt Fund Direct Growth has experienced a 22.5% growth in AUM moving from 3.09K Cr to 3.79K Cr
Axis Corporate Debt Fund Direct Growth Performance as on (29-Mar-23)
About the Fund
Axis Corporate Debt Fund Direct Growth 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.
Key parameters
1) Axis Corporate Debt Fund Direct Growth has a NAV of ₹14.9538 as on 29-03-2023.
2) Axis Corporate Debt Fund Direct Growth has ₹3795 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.
3) The fund has an expense ratio 0.22 %.
Axis Corporate Debt Fund Direct Growth Overview
 | 0.22% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹3795 Cr |
 | 13 July, 2017 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 342.97% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
56.9%
Government
36.5%
Cash Equivalent
6%
Securitize
0.7%
Top Holdings of Axis Corporate Debt Fund Direct Growth as on (28-Feb-23)
Debt Holdings102
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 7.42 9/22/2033 12:00:00 Am | 3.62% | 18.5% | |
Housing Development Finance Corporation Limited | 3.62% | 0% | |
7.38 6/20/2027 12:00:00 Am | 3.51% | -26.9% | |
National Bank For Agriculture And Rural Development | 3.34% | 0% | |
Indian Railway Finance Corporation Limited | 2.69% | 0% |
See all
Axis Corporate Debt Fund Direct Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.30% whereas the fund’s underlying benchmark Corporate Bond Index returns stands at 0.25% as on Feb'23
- This fund outperformed Corporate Bond Index by 0.05% in Feb'23
AUM Change
- AUM of the fund stands at 3.8K Cr as of Feb'23
- AUM increased by 203.1 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
Rural Electrification Corporation Limited's allocation increased from 0.11% to 2.29%
Hdb Financial Services Limited's allocation increased from 0.16% to 2.08%
Power Finance Corporation Ltd.'s allocation increased from 0.27% to 2.01%
Top Stocks sold last month
Mahindra & Mahindra Financial Services Ltd's allocation decreased from 2.8 % to 2.68 %
Tata Capital Limited's allocation decreased from 1.8 % to 1.73 %
Bajaj Finance Limited's allocation decreased from 1.41 % to 1.35 %
Cash allocation has gone down from 12.6% to 10.4%
Debt allocation has gone up from 87.4% to 89.6%
Top 3 Sectors in February were Corporate, Government & Securitize
Feb'23
Corporate
57%
Government
36%
Securitize
Jan'23
Corporate
52%
Government
38%
Securitize
Peer Analysis
Axis Corporate Debt Fund Direct Growth Fund Manager
Devang Shah
Fund Manager of Axis Corporate Debt Fund Direct Growth, since 13 July 2017
Top funds managed
Hardik Shah
Fund Manager of Axis Corporate Debt Fund Direct Growth, since 31 January 2022
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.3% since inception which is more than its category average return of 5.31%
AUM size ₹3795 Cr
This fund has AUM of ₹3795 Cr which is less than its category average of ₹ 4898 Cr
Expense Ratio 0.22%
This fund has an expense ratio of 0.22% which is less than its category average expense ratio of 0.58%
Frequently Asked Questions
The current NAV of Axis Corporate Debt Fund Direct Growth is 14.94 as on 28-Mar-2023.
Existing (Absolute + CAGR)
Axis Corporate Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.73% | 0.73% |
6 Month Returns | 3.45% | 3.45% |
1 Year Returns | 4.87% | 4.87% |
3 Years Returns | 21.52% | 6.71% |
5 Years Returns | 41.68% | 7.22% |
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.
0.22 as on March 2023
3795 Cr as on March 2023
Yield to Maturity is 7.85 as on March 2023. 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 2.23 as on March 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Devang Shah,Hardik Shah are the fund managers of Axis Corporate Debt Fund Direct Growth
The Exit load of Axis Corporate Debt Fund Direct Growth is 0%