Debt
Direct
Liquid
NAV as on 22-10-2024
₹ 2793.53
Inception Returns
6.9%
/yr
Axis Liquid Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Devang Shah, Sachin Jain, Aditya Pagaria. This fund is suitable to keep your money safe.
Axis Liquid Fund Direct Growth has given a CAGR return of 6.88% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.50%, 6.28% and 5.37% respectively.
Axis Liquid Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are 182 DTB 01112024, 91 DTB 21112024, HDFC Bank Limited, Export Import Bank Of India, 91 DTB 07112024
As it is a liquid 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.
To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However there can be no assurance that the investment objective of the scheme will be achieved.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 0.00. Axis Liquid Fund Direct Growth has no lock in period.
Expense ratio | 0.15% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹25269 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/-- |
Exit Load | 0.0% |
Lock In | No Lock-in |
TurnOver | 549.99% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low to Moderate Risk |
as on (22-Oct-24)
as on (31-Dec-69)
Top 2 Sectors in September were Corporate, Government
Axis Liquid Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.6% | 0.6% |
6 Month Returns | 3.59% | 3.59% |
1 Year Returns | 7.5% | 7.5% |
3 Years Returns | 20.03% | 6.28% |
5 Years Returns | 29.89% | 5.37% |
AAA | 100 |