Axis Corporate Debt Fund Direct Growth
Axis Corporate Debt Fund Direct Growth

Axis Corporate Debt Fund Direct Growth

Compare
Debt
Direct
Corporate Bond

NAV: ₹ 15 as on 29-03-2023

Fund Performance
zero opening, trading, fund transfer fee
432 people have invested ₹ 54.5L in mutual fund in the last three months

Fund Insights

Insights icon

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%

Insights icon

In the last 3 years, Axis Corporate Debt Fund Direct Growth has outperformed all funds in its category

Insights icon

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

Insights icon

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

Insights icon

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%

Insights icon

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)

Return
1M
3M
6M
1Y
3Y
5Y
Axis Corporate Debt Fund Direct Growth
0.8%
1.7%
3.5%
4.9%
6.8%
7.2%
Corporate Bond Index
0.4%
1.1%
2.6%
3.1%
5%
5.7%

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

Expense ratio
Expense ratio
0.22%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹3795 Cr
Inception Date
Inception Date
13 July, 2017
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
342.97%

Fund Distribution as on (28-Feb-23)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%

Sector Allocation

Feb'23

Jan'23

Dec'22

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 & Cash

Debt Holdings102
Holdings
Weight%
Holdings Trend
1M Change
7.42 9/22/2033 12:00:00 Am
7.42 9/22/2033 12:00:00 Am
3.62%
18.5%
Housing Development Finance Corporation Limited
Housing Development Finance Corporation Limited
3.62%
0%
7.38 6/20/2027 12:00:00 Am
7.38 6/20/2027 12:00:00 Am
3.51%
-26.9%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
3.34%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
2.69%
0%

Axis Corporate Debt Fund Direct Growth: Monthly Changes Updates

All changes are between Dec'22 and Feb'23

Fund Performance

Feb'23
Jan'23
Dec'22
Fund Returns
0.30%
0.48%
0.45%
Corporate Bond Index
0.25%
0.38%
0.32%
  • 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

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 3.8K Cr
₹ 3.6K Cr
₹ 3K Cr
  • 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%
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%
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%
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 %
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 %
Tata Capital Limited's allocation decreased from 1.8 % to 1.73 %
Bajaj Finance Limited's allocation decreased from 1.41 % to 1.35 %
Bajaj Finance Limited's allocation decreased from 1.41 % to 1.35 %
Cash allocation has gone down from 12.6% to 10.4%
Cash allocation has gone down from 12.6% to 10.4%
Debt allocation has gone up from 87.4% to 89.6%
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

Axis Corporate Debt Fund Direct Growth Fund Manager

Devang Shah

Devang Shah

Fund Manager of Axis Corporate Debt Fund Direct Growth, since 13 July 2017
Hardik Shah

Hardik Shah

Fund Manager of Axis Corporate Debt Fund Direct Growth, since 31 January 2022

Fund 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 7.3% since inception which is more than its category average return of 5.31%
AUM size ₹3795 Cr

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%

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%