Axis Corporate Debt Fund Direct Growth
Debt
Direct
Corporate Bond
NAV: ₹ 16.26 as on 09-05-2024
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
- Axis Corporate Debt Fund Direct Growth has ₹5336 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Fund Performance
382 people have invested ₹ 50.1L in Axis Corporate Debt Fund Direct Growth in the last three months
Overview
 | 0.3% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹5336 Cr |
 | 13 July, 2017 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 339.11% |
Axis Corporate Debt Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
49.6%
Government
47.8%
Cash Equivalent
2.6%
Top Holdings of Axis Corporate Debt Fund Direct Growth as on (30-Apr-24)
Debt Holdings100
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 6.54% Govt Stock 2032 | 4.5% | 66.7% | |
7.18% Govt Stock 2033 | 4.12% | 150% | |
National Bank For Agriculture And Rural Development | 3.28% | 0% | |
7.32% Govt Stock 2030 | 3.02% | 20% | |
7.26% Govt Stock 2033 | 2.91% | 14.6% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 5.4K Cr as of Mar'24
- AUM increased by 121.4 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 5 years, HSBC Corporate Bond Fund Direct Plan Growth Plan has given 7.84% return, outperforming this fund by 0.91% per annum.
Over the last 6 months, this fund has increased expense ratio by 11.1% moving from 0.27 to 0.30.
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.23% return, outperforming this fund by 0.34% per annum.
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%.
Over the last 3 months, this fund has experienced a 49.8% growth in AUM moving from 3.56K Cr to 5.33K Cr.
In the last 1 year, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 7.6% return, outperforming this fund by 0.36%.
Peer Analysis
Fund Manager
Hardik Shah
Fund Manager of Axis Corporate Debt Fund Direct Growth, since 31 January 2022
Top funds managed
Devang Shah
Fund Manager of Axis Corporate Debt Fund Direct Growth, since 13 July 2017
Top funds managed
Axis Corporate Debt Fund Direct Growth 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 7.38% since inception which is more than its category average return of 5.46%
AUM size ₹5336 Cr
This fund has AUM of ₹5336 Cr which is less than its category average of ₹ 6126 Cr
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 ₹16.26 as on 09-May-2024.
Existing (Absolute + CAGR) as on 09-May-2024.
Axis Corporate Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.51% | 0.51% |
6 Month Returns | 3.92% | 3.92% |
1 Year Returns | 7.24% | 7.24% |
3 Years Returns | 18.72% | 5.89% |
5 Years Returns | 39.78% | 6.93% |
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 April 2024
₹5336 Cr as on April 2024
6.54% Govt Stock 2032(4.5%), 7.18% Govt Stock 2033(4.12%), National Bank For Agriculture And Rural Development(3.28%), 7.32% Govt Stock 2030(3.02%), 7.26% Govt Stock 2033(2.91%) as on April 2024
Corporate(52.92%), Government(40.29%), Cash Equivalent(6.79%) as on April 2024
Yield to Maturity is 7.62 as on April 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 3.51 as on April 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%