Axis Corporate Debt Fund Direct Growth

Debt
Direct
Corporate Bond
Axis Corporate Debt Fund Direct Growth

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 Hardik Shah, Devang Shah. This fund is suitable to keep your money safe.

Key Parameters

  1. Axis Corporate Debt Fund Direct Growth has ₹5282 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 Debt Fund Direct Growth has given a CAGR return of 7.42% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.48%, 5.96% and 7.67% respectively.

Holdings

Axis Corporate Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, 7.32% Govt Stock 2030, 6.54% Govt Stock 2032, Bajaj Housing Finance Ltd. 8.1%, 7.26% Govt Stock 2033

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 Debt 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 Debt Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
375 people have invested ₹ 30.5L in Axis Corporate Debt Fund Direct Growth in the last three months

Fund Overview

Expense ratio
Expense ratio
0.3%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹5282 Cr
Inception Date
Inception Date
13 July, 2017
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
339.11%

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
57.1%
Government
40.4%
Cash Equivalent
2.6%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
6.21%
12.1%
7.32% Govt Stock 2030
7.32% Govt Stock 2030
5.35%
1.8%
6.54% Govt Stock 2032
6.54% Govt Stock 2032
4.13%
-10%
Bajaj Housing Finance Ltd. 8.1%
Bajaj Housing Finance Ltd. 8.1%
3.32%
0%
7.26% Govt Stock 2033
7.26% Govt Stock 2033
2.97%
0%

Hardik Shah
Hardik Shah
Fund Manager of Axis Corporate Debt Fund Direct Growth, since 31 January 2022
Devang Shah
Devang Shah
Fund Manager of Axis Corporate Debt Fund Direct Growth, since 13 July 2017

Mutual Fund Insights

Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.25% return, outperforming this fund by 0.28% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.49%.
Insights icon
In the last 1 year, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 7.76% return, outperforming this fund by 0.28%.
Insights icon
In the last 5 years, this fund has outperformed all funds in its category.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 36.4% moving from 0.22 to 0.30.

Axis Corporate Debt 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 7.42% since inception which is more than its category average return of 5.48%
AUM size ₹5282 Cr

AUM size ₹5282 Cr

This fund has AUM of ₹5282 Cr which is less than its category average of ₹ 6125 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions

The current NAV of Axis Corporate Debt Fund Direct Growth is ₹16.41 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Axis Corporate Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.8%
0.8%
6 Month Returns
4.19%
4.19%
1 Year Returns
7.48%
7.48%
3 Years Returns
18.98%
5.96%
5 Years Returns
44.69%
7.67%
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.
0.3% as on May 2024
₹5282 Cr as on May 2024
7.18% Govt Stock 2033(6.21%), 7.32% Govt Stock 2030(5.35%), 6.54% Govt Stock 2032(4.13%), Bajaj Housing Finance Ltd. 8.1%(3.32%), 7.26% Govt Stock 2033(2.97%) as on May 2024
Corporate(57.05%), Government(40.39%), Cash Equivalent(2.56%) as on May 2024
Yield to Maturity is 7.68 as on May 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 3.43 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Hardik Shah, Devang Shah are the fund managers of Axis Corporate Debt Fund Direct Growth
The Exit load of Axis Corporate Debt Fund Direct Growth is 0%