Axis Short Term Fund Direct Growth
About the Fund
Axis Short Term 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
- Axis Short Term Fund Direct Growth has ₹8270 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Returns
Axis Short Term Fund Direct Growth has given a CAGR return of 8.15% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.63%, 6.17% and 7.16% respectively.
Holdings
Axis Short Term Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent, Securitize. Its top holdings are 7.18% Govt Stock 2033, 7.32% Govt Stock 2030, Power Finance Corporation Ltd., Rural Electrification Corporation Limited, 7.1% Govt Stock 2034
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 Term 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 Term Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.34% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹8270 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 494.67% |
| Risk |   Moderate Risk |
Fund Distributionas on (31-Dec-69)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.18% Govt Stock 2033 | 12.19% | -20.6% | |
7.32% Govt Stock 2030 | 4.06% | -4.3% | |
Rural Electrification Corporation Limited | 2.42% | 33.3% | |
Power Finance Corporation Ltd. | 2.42% | 0% | |
7.1% Govt Stock 2034 | 2.38% | 20.6% |
Mutual Fund Insights
Axis Short Term Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹8270 Cr
Expense Ratio 0.34%
Frequently Asked Questions
Axis Short Term Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.71% | 0.71% |
6 Month Returns | 4.18% | 4.18% |
1 Year Returns | 7.63% | 7.63% |
3 Years Returns | 19.68% | 6.17% |
5 Years Returns | 41.28% | 7.16% |
- 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.
AAA | 84.53 |
AA | 15.47 |