Axis Credit Risk Fund Direct Growth

Axis Credit Risk Fund Direct Growth

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Debt
Direct
Credit Risk
NAV: ₹ 21.65 as on 24-05-2024

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. This fund is suitable to keep your money safe.

Key Parameters

  1. Axis Credit Risk Fund Direct Growth has ₹454 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.8.
Fund Performance
zero opening, trading, fund transfer fee
20 people have invested ₹ 1.1L in Axis Credit Risk Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.8%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹454 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
213.03%

Axis Credit Risk Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AA
54.9%
AAA
37.9%
A
7.2%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
70%
Government
15.9%
Cash Equivalent
13.7%
Securitize
0.4%

Top Holdings of Axis Credit Risk Fund Direct Growth as on (30-Apr-24)

  • Debt & Cash

Debt Holdings39
Holdings
Weight%
1M Change
7.26% Govt Stock 2033
7.26% Govt Stock 2033
10.11%
0%
Tata Projects Limited
Tata Projects Limited
5.29%
0%
Godrej Housing Finance Limited
Godrej Housing Finance Limited
5.17%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
5.1%
0%
Birla Corporation Limited
Birla Corporation Limited
5.09%
0%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 460.5 Cr
₹ 464 Cr
₹ 472 Cr
  • AUM of the fund stands at 460.5 Cr as of Apr'24
  • AUM decreased by 3.4 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
In the last 3 years, UTI Credit Risk Fund Direct Plan Growth Option has given 11.62% return, outperforming this fund by 4.97% per annum.
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In the last 1 year, DSP Credit Risk Fund Direct Plan Growth has given 16.09% return, outperforming this fund by 8.38%.
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In the last 5 years, ICICI Prudential Credit Risk Fund Direct Plan Growth has given 8.26% return, outperforming this fund by 1.36% per annum.
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This fund has one of the lowest expense ratio in the category (credit risk). Its expense ratio is 0.8% which is lower than the category average expense ratio of 1.22%.
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Over the last 3 months, this fund has experienced a 5.1% drop in AUM moving from 478.41 Cr to 454.13 Cr.

Fund Manager

Devang Shah
Devang Shah
Fund Manager of Axis Credit Risk Fund Direct Growth, since 15 July 2014

Axis Credit Risk Fund Direct Growth 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 8.15% since inception which is more than its category average return of 5.27%
AUM size ₹454 Cr

AUM size ₹454 Cr

This fund has AUM of ₹454 Cr which is less than its category average of ₹ 1237 Cr
Expense Ratio 0.8%

Expense Ratio 0.8%

This fund has an expense ratio of 0.8% which is less than its category average expense ratio of 1.15%

Frequently Asked Questions

The current NAV of Axis Credit Risk Fund Direct Growth is ₹21.65 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
Axis Credit Risk Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.77%
0.77%
6 Month Returns
4.21%
4.21%
1 Year Returns
7.71%
7.71%
3 Years Returns
21.3%
6.65%
5 Years Returns
39.62%
6.9%
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.
0.8% as on April 2024
₹454 Cr as on April 2024
7.26% Govt Stock 2033(10.11%), Tata Projects Limited(5.29%), Godrej Housing Finance Limited(5.17%), 7.18% Govt Stock 2033(5.1%), Birla Corporation Limited(5.09%) as on April 2024
Corporate(72.05%), Government(15.39%), Cash Equivalent(10.83%) as on April 2024
Yield to Maturity is 8.44 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 1.95 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AA
54.86
AAA
37.95
A
7.19
Devang Shah is the fund manager of Axis Credit Risk Fund Direct Growth
The Exit load of Axis Credit Risk Fund Direct Growth is 1%