Axis Credit Risk Fund Direct Growth
Axis Credit Risk Fund Direct Growth

Axis Credit Risk Fund Direct Growth

Debt
Direct
Credit Risk

NAV: ₹ 19.6 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
15 people have invested ₹ 5L in mutual fund in the last three months

Fund Insights

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In the last 1 year, DSP Credit Risk Fund Direct Plan Growth has given 10.7% return, outperforming this fund by 5.29%

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In the last 3 years, Baroda BNP Paribas Credit Risk Fund Direct Growth has given 9% return, outperforming this fund by 2.18% per annum

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In the last 5 years, ICICI Prudential Credit Risk Fund Direct Plan Growth has given 8.15% return, outperforming this fund by 1.28% per annum

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This fund has one of the lowest expense ratio in the category (credit risk). Its expense ratio is 0.81% which is lower than the category average expense ratio of 1.23%

Fund Performance as on (01-Jan-70)

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
0.7%
2%
3.4%
5.4%
6.8%
6.9%
Benchmark
0.5%
1.6%
2.6%
13%
5.8%
3.9%
About the Fund

Axis Credit Risk Fund Direct Growth is a debt fund. This fund was started on  15 July, 2014. The fund is managed by Devang Shah, Akhil Thakker. This fund is suitable to keep your money safe.

Key parameters

1) Axis Credit Risk Fund Direct Growth has a NAV of 19.579 as on 08-02-2023.

2) Axis Credit Risk Fund Direct Growth has 632 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 0.81 %.

Fund Overview

Expense ratio
Expense ratio
0.81%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹632 Cr
Inception Date
Inception Date
15 July, 2014
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
115.1%

Fund Distribution as on (31-Dec-22)

  • Debt & Cash 100%
Credit rating breakup
AA
47.3%
AAA
45.1%
A
7.5%

Sector Allocation

Dec'22

Nov'22

Oct'22

Corporate

66.6%

Government

15.8%

Cash Equivalent

15.2%

Securitize

2.4%

Top Holdings as on (31-Dec-69)

  • Debt & Cash
Debt Holdings44
Holdings
Weight%
Holdings Trend
1M Change
7.26% Govt Stock 2032
7.26% Govt Stock 2032
7.1%
0%
7.38% Govt Stock 2027
7.38% Govt Stock 2027
6.39%
11.1%
Godrej Housing Finance Limited
Godrej Housing Finance Limited
3.93%
0%
BRakes India Private Limited
BRakes India Private Limited
3.9%
0%
Piramal Capital & Housing Finance Limited
Piramal Capital & Housing Finance Limited
3.9%
0%

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 1 Cr in last 1M
Dec'69 return underperformed benchmark

Change in AUM

Dec'22
₹ 622.2 Cr
Nov'22
₹ 621.2 Cr
Oct'22
₹ 619.7 Cr

Fund Returns vs Benchmark

Jan'23
0.85%
0.86%
Dec'22
0.11%
-0.02%
Nov'22
0.77%
0.71%
Fund Return
Benchmark Return

Fund Manager

Devang Shah

Devang Shah

Fund Manager of Axis Credit Risk Fund Direct Growth, since 15 July 2014
Akhil Thakker

Akhil Thakker

Fund Manager of Axis Credit Risk Fund Direct Growth, since 9 November 2021

AMC details

Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹2.47L Cr
as on 31-Dec-2022
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Email
customerservice@axismf.com

Fund Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.16% since inception which is more than its category average return of 5.22%
AUM size ₹632 Cr

AUM size ₹632 Cr

This fund has AUM of ₹632 Cr which is less than its category average of ₹ 1369 Cr
Expense Ratio 0.81%

Expense Ratio 0.81%

This fund has an expense ratio of 0.81% which is less than its category average expense ratio of 1.16%

Frequently Asked Questions

The current NAV of Axis Credit Risk Fund Direct Growth is 19.58 as on 07-Feb-2023.
Existing (Absolute + CAGR)
Axis Credit Risk Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.72%
0.72%
6 Month Returns
3.42%
3.42%
1 Year Returns
5.49%
5.49%
3 Years Returns
21.85%
6.81%
5 Years Returns
39.44%
6.88%
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.
0.81 as on January 2023
632 Cr as on January 2023
Yield to Maturity is 8.38 as on January 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 1.64 as on January 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AA
47.33
AAA
45.13
A
7.54
Devang Shah,Akhil Thakker are the fund managers of Axis Credit Risk Fund Direct Growth
The Exit load of Axis Credit Risk Fund Direct Growth is 1%

Mutual Fund execution provided by

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.