Axis Short Duration Fund Direct Growth

Axis Short Duration Fund Direct Growth

Debt

Direct

Short Duration

NAV as on 14-10-2024

₹ 31.65

0.1%

1D

Inception Returns

8.2%

/yr

About the Fund

Axis Short Duration Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Aditya Pagaria, Devang Shah. This fund is suitable to keep your money safe.

Key Parameters

  1. Axis Short Duration Fund Direct Growth has ₹9342 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Axis Short Duration Fund Direct Growth has given a CAGR return of 8.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.93%, 6.50% and 7.17% respectively.

Holdings

Axis Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent, Securitize. Its top holdings are 7.32% Govt Stock 2030, 07.18 Goi 2033, 7.1% Govt Stock 2034, 07.23 Goi 2064, Rural Electrification Corporation Limited

Taxation

As it is a short duration 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 Short Duration Fund Direct Growth

To generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will 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 Short Duration Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
395 people have invested ₹ 1.5Cr in Axis Short Duration Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.36%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹9342 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
596.11%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (14-Oct-24)

Period
Axis Short Duration Fund Direct Growth
Short Duration Index
1M
0.9%
0.6%
3M
2.5%
2.1%
6M
4.6%
3.9%
1Y
8.9%
7.8%
3Y
6.5%
5.9%
5Y
7.2%
6.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
87%

AA
13%

Sector Allocation

Sep'24

Aug'24

Jul'24

Corporate
56.9%
Government
35.6%
Cash Equivalent
7.2%
Securitize
0.3%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 9.3K Cr
₹ 9.1K Cr
₹ 8.4K Cr
  • AUM of the fund stands at 9.3K Cr as of Sep'24
  • AUM increased by 220.8 Cr between Sep'24 and Aug'24
Cash allocation has gone up from 7% to 12.9%
Cash allocation has gone up from 7% to 12.9%
Debt allocation has gone down from 92.8% to 86.9%
Debt allocation has gone down from 92.8% to 86.9%

Top 2 Sectors in September were Corporate, Government

Sep'24
Corporate
57%
Government
36%
Aug'24
Corporate
57%
Government
40%
  • Debt & Cash

Holdings
Weight%
1M Change
7.32% Govt Stock 2030
7.32% Govt Stock 2030
10.04%
5.8%
07.18 Goi 2033
07.18 Goi 2033
6.64%
119.1%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
4.14%
501.2%
07.23 Goi 2064
07.23 Goi 2064
2.56%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
2.14%
0%
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Aditya Pagaria
Aditya Pagaria
Fund Manager of Axis Short Duration Fund Direct Growth, since 3 July 2023
Devang Shah
Devang Shah
Fund Manager of Axis Short Duration Fund Direct Growth, since 5 November 2012
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.09L Cr
as on 31-Aug-2024
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Mutual Fund Insights

Insights icon
In the last 1 year, Bandhan Bond Fund - Short Term Plan Direct Plan Growth has given 9.07% return, outperforming this fund by 0.14%.
Insights icon
In the last 3 years, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.05% return, outperforming this fund by 0.55% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (short duration). Its expense ratio is 0.36% which is lower than the category average expense ratio of 0.71%.
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Over the last 1 month, this fund has increased expense ratio by 2.9% moving from 0.35 to 0.36.
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Over the last 3 months, this fund has experienced a 21.3% growth in AUM moving from 7.69K Cr to 9.34K Cr.
Insights icon
In the last 5 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 8.16% return, outperforming this fund by 1% per annum.

Axis Short Duration Fund Direct Growth 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 8.18% since inception which is more than its category average return of 5.83%
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is more than its category average of ₹ 3826 Cr
Expense Ratio 0.36%

Expense Ratio 0.36%

This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.66%

Frequently Asked Questions

The current NAV of Axis Short Duration Fund Direct Growth is ₹31.65 as on 14-Oct-2024.
Existing (Absolute + CAGR) as on 14-Oct-2024.
Axis Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.86%
0.86%
6 Month Returns
4.62%
4.62%
1 Year Returns
8.93%
8.93%
3 Years Returns
20.81%
6.5%
5 Years Returns
41.35%
7.17%
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.
0.36% as on September 2024
₹9342 Cr as on September 2024
7.32% Govt Stock 2030(10.04%), 07.18 Goi 2033(6.64%), 7.1% Govt Stock 2034(4.14%), 07.23 Goi 2064(2.56%), Rural Electrification Corporation Limited(2.14%) as on September 2024
Corporate(56.9%), Government(35.6%), Cash Equivalent(7.24%) as on September 2024
Yield to Maturity is 7.61 as on September 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 2.82 as on September 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
87.05
AA
12.95
Aditya Pagaria, Devang Shah are the fund managers of Axis Short Duration Fund Direct Growth
The Exit load of Axis Short Duration Fund Direct Growth is 0%