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 Devang Shah, Hardik Shah. This fund is suitable to keep your money safe.
Key Parameters
- Axis Corporate Debt Fund Direct Growth has ₹5427 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.
Returns
Axis Corporate Debt Fund Direct Growth has given a CAGR return of 7.46% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.75%, 6.23% and 7.55% 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, 6.54% Govt Stock 2032, 7.32% Govt Stock 2030, National Bank For Agriculture And Rural Development, 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 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 Overview
| Expense ratio | 0.3% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹5427 Cr |
| Inception Date | 13 July, 2017 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 339.11% |
| Risk |   Moderate Risk |
Fund Distributionas on (31-Dec-69)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.18% Govt Stock 2033 | 5.86% | -14.1% | |
6.54% Govt Stock 2032 | 4.03% | 0% | |
7.32% Govt Stock 2030 | 3.44% | 0% | |
National Bank For Agriculture And Rural Development | 2.77% | 0% | |
Summit Digitel Infrastructure Limited | 2.52% | 0% |
Mutual Fund Insights
Axis Corporate Debt Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹5427 Cr
Expense Ratio 0.3%
Frequently Asked Questions
Axis Corporate Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.74% | 0.74% |
6 Month Returns | 4.32% | 4.32% |
1 Year Returns | 7.75% | 7.75% |
3 Years Returns | 19.89% | 6.23% |
5 Years Returns | 43.92% | 7.55% |
- 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.
AAA | 100 |