Axis Gilt Fund Direct Plan Growth Option

Axis Gilt Fund Direct Plan Growth Option

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Debt
Direct
Government Bond
NAV: ₹ 24.25 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
52 people have invested ₹ 6.8L in Axis Gilt Fund Direct Plan Growth Option in the last three months

Mutual Fund Insights

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In the last 1 year, ICICI Prudential Gilt Fund Direct Plan Growth has given 8.21% return, outperforming this fund by 0.44%.
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This fund has one of the lowest expense ratio in the category (government bond). Its expense ratio is 0.4% which is lower than the category average expense ratio of 0.77%.
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In the last 5 years, SBI Magnum Gilt Fund Direct Growth has given 8.46% return, outperforming this fund by 0.45% per annum.
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In the last 3 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 6.4% return, outperforming this fund by 0.95% per annum.
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Over the last 6 months, this fund has experienced a 34.3% growth in AUM moving from 212.78 Cr to 285.72 Cr.

About the Axis Gilt Fund Direct Plan Growth Option

Axis Gilt Fund Direct Plan Growth Option is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Devang Shah, Sachin Jain. This fund is suitable to keep your money safe.

Key Parameters

  1. Axis Gilt Fund Direct Plan Growth Option has ₹286 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.4.

Axis Gilt Fund Direct Plan Growth Option Overview

Expense ratio
Expense ratio
0.4%
Benchmark
Benchmark
ICICI Securities Mibex TR INR
AUM
AUM
₹286 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
826.43%

Axis Gilt Fund Direct Plan Growth Option Distribution as on (31-Dec-69)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Feb'24

Jan'24

Dec'23

Government
88.1%
Cash Equivalent
11.9%

Top Holdings of Axis Gilt Fund Direct Plan Growth Option as on (31-Mar-24)

  • Debt & Cash

Debt Holdings5
Holdings
Weight%
1M Change
7.18% Govt Stock 2037
7.18% Govt Stock 2037
28.21%
0%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
16.09%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
11.3%
0%
7.26% Govt Stock 2033
7.26% Govt Stock 2033
8.85%
0%
7.25% Govt Stock 2063
7.25% Govt Stock 2063
1.78%
100%

Axis Gilt Fund Direct Plan Growth Option: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Feb'24
Jan'24
Dec'23
AUM
₹ 253.8 Cr
₹ 246 Cr
₹ 242 Cr
  • AUM of the fund stands at 253.8 Cr as of Feb'24
  • AUM increased by 7.7 Cr between Feb'24 and Jan'24
Fund Portfolio Changes

Axis Gilt Fund Direct Plan Growth Option Fund Manager

Devang Shah
Devang Shah
Fund Manager of Axis Gilt Fund Direct Plan Growth Option, since 5 November 2012
Sachin Jain
Sachin Jain
Fund Manager of Axis Gilt Fund Direct Plan Growth Option, since 1 February 2023

Axis Gilt Fund Direct Plan Growth Option 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 7.54% since inception which is more than its category average return of 6.68%
AUM size ₹286 Cr

AUM size ₹286 Cr

This fund has AUM of ₹286 Cr which is less than its category average of ₹ 1270 Cr
Expense Ratio 0.4%

Expense Ratio 0.4%

This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 0.9%

Frequently Asked Questions

The current NAV of Axis Gilt Fund Direct Plan Growth Option is ₹24.25 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
Axis Gilt Fund Direct Plan Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
-0.33%
-0.33%
6 Month Returns
5.11%
5.11%
1 Year Returns
7.77%
7.77%
3 Years Returns
17.25%
5.45%
5 Years Returns
47.03%
8.01%
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.
0.4% as on March 2024
₹286 Cr as on March 2024
7.18% Govt Stock 2037(28.21%), 7.3% Govt Stock 2053(16.09%), 7.18% Govt Stock 2033(11.3%), 7.26% Govt Stock 2033(8.85%), 7.25% Govt Stock 2063(1.78%) as on March 2024
Yield to Maturity is 7.2 as on March 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 7.53 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Devang Shah, Sachin Jain are the fund managers of Axis Gilt Fund Direct Plan Growth Option
The Exit load of Axis Gilt Fund Direct Plan Growth Option is 0%