Axis Short Duration Fund Direct Growth

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.

1. Axis Short Duration Fund Direct Growth has ₹9494 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.
   

Axis Short Duration Fund Direct Growth has given a CAGR return of 8.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.14%, 8.37% and 6.99% respectively.

Axis Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, National Bank For Agriculture And Rural Development, National Bank For Agriculture And Rural Development, Indigrid Infrastructure Trust, National Bank For Agriculture And Rural Development

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

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 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.