Axis Gilt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sachin Jain, Devang Shah. This fund is suitable to keep your money safe.
Axis Gilt Fund Direct Growth has given a CAGR return of 7.68% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.16%, 6.31% and 7.12% respectively.
Axis Gilt Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.32% Govt Stock 2030, 7.3% Govt Stock 2053, 7.18% Govt Stock 2033, 7.23% Govt Stock 2039, 7.34% Govt Stock 2064
As it is a government 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.
The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Gilt Fund Direct Growth has no lock in period.
Expense ratio | 0.38% |
Benchmark | ICICI Securities Mibex TR INR |
AUM | ₹422 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 826.43% |
Risk | Moderate Risk |
Axis Gilt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.64% | 0.64% |
6 Month Returns | 5.71% | 5.71% |
1 Year Returns | 9.16% | 9.16% |
3 Years Returns | 20.16% | 6.31% |
5 Years Returns | 41.07% | 7.12% |
AAA | 100 |