Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl

Debt
Direct
Floating Rate
Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl

About the Fund

Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl is a debt fund. This fund was started on 29 July, 2021. The fund is managed by Aditya Pagaria, Hardik Shah. This fund is suitable to keep your money safe.

Key Parameters

  1. Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl has ₹256 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 6.54% since inception. Over the last 1 year the fund has given a CAGR return of 8.50%.

Holdings

Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Government, Cash Equivalent, Corporate. Its top holdings are 7.26% Govt Stock 2033, 7.18% Govt Stock 2037, 7.3% Govt Stock 2053, 7.34% Govt Stock 2064, 7.46% Govt Stock 2073

Taxation

As it is a floating rate 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 Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl

To generate regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.2%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹256 Cr
Inception Date29 July, 2021
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
412.88%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.5%

AAA
97.9%

AA
2.1%

Sector Allocation

Jun'24

May'24

Apr'24

Government
86.8%
Cash Equivalent
7.4%
Corporate
5.9%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.26% Govt Stock 2033
7.26% Govt Stock 2033
27.67%
0%
7.18% Govt Stock 2037
7.18% Govt Stock 2037
23.7%
0%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
12.06%
0%
7.34% Govt Stock 2064
7.34% Govt Stock 2064
8.06%
0%
7.46% Govt Stock 2073
7.46% Govt Stock 2073
4.51%
0%

Aditya Pagaria
Aditya Pagaria
Fund Manager of Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl, since 29 July 2021
Hardik Shah
Hardik Shah
Fund Manager of Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl, since 31 January 2022

Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl 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 6.54% since inception which is more than its category average return of 5.16%
AUM size ₹256 Cr

AUM size ₹256 Cr

This fund has AUM of ₹256 Cr which is less than its category average of ₹ 4675 Cr
Expense Ratio 0.2%

Expense Ratio 0.2%

This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions

The current NAV of Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl is ₹1187.09 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.78%
0.78%
6 Month Returns
4.98%
4.98%
1 Year Returns
8.5%
8.5%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.2% as on June 2024
₹256 Cr as on June 2024
7.26% Govt Stock 2033(27.67%), 7.18% Govt Stock 2037(23.7%), 7.3% Govt Stock 2053(12.06%), 7.34% Govt Stock 2064(8.06%), 7.46% Govt Stock 2073(4.51%) as on June 2024
Government(86.76%), Cash Equivalent(7.36%), Corporate(5.89%) as on June 2024
Yield to Maturity is 7.3 as on June 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 7.25 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
97.89
AA
2.11
Aditya Pagaria, Hardik Shah are the fund managers of Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl
The Exit load of Axis Floater Fund Direct Annually Reinvestment Inc Dist cum Cap Wdrl is 0%