Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl

Debt
Direct
Government Bond
Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl

About the Fund

Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl is a debt fund. This fund was started on 19 August, 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 Half Yearly Reinvst of Inc Dis cum Cap Wdrl has ₹406 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.

Returns

Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl has given a CAGR return of 7.80% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.15%, 6.24% and 6.59% respectively.

Holdings

Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, 7.3% Govt Stock 2053, 7.32% Govt Stock 2030, 7.34% Govt Stock 2064, 8.34% Govt Stock 2033

Taxation

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.

Investment objective of Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl

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 and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.38%
Benchmark
ICICI Securities Mibex TR INR
AUM₹406 Cr
Inception Date19 August, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
826.43%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Government
94.6%
Cash Equivalent
5.4%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
36.54%
156.3%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
22.84%
0%
7.32% Govt Stock 2030
7.32% Govt Stock 2030
14.99%
12.5%
7.34% Govt Stock 2064
7.34% Govt Stock 2064
3.81%
0%
8.34% Govt Stock 2033
8.34% Govt Stock 2033
3.78%
-9.1%

Devang Shah
Devang Shah
Fund Manager of Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl, since 5 November 2012
Sachin Jain
Sachin Jain
Fund Manager of Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl, since 1 February 2023

Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis 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 7.8% since inception which is more than its category average return of 6.8%
AUM size ₹406 Cr

AUM size ₹406 Cr

This fund has AUM of ₹406 Cr which is less than its category average of ₹ 1488 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.88%

Frequently Asked Questions

The current NAV of Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl is ₹11.44 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.89%
0.89%
6 Month Returns
5.49%
5.49%
1 Year Returns
9.15%
9.15%
3 Years Returns
19.9%
6.24%
5 Years Returns
37.6%
6.59%
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.
0.38% as on June 2024
₹406 Cr as on June 2024
7.18% Govt Stock 2033(36.54%), 7.3% Govt Stock 2053(22.84%), 7.32% Govt Stock 2030(14.99%), 7.34% Govt Stock 2064(3.81%), 8.34% Govt Stock 2033(3.78%) as on June 2024
Yield to Maturity is 7.22 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 8.3 as on June 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 Half Yearly Reinvst of Inc Dis cum Cap Wdrl
The Exit load of Axis Gilt Fund Direct Plan Half Yearly Reinvst of Inc Dis cum Cap Wdrl is 0%