December 11, 2023
mayank
Axis Gilt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 23.4022
Half Yearly NAV IDCW: Rs 10.7985
NAV IDCW: Rs 10.0488
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.
Fund Manager:
1) Devang Shah
Education: Mr. Shah is B.Com and ACA.
Experience: Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
2) Sachin Jain
Education: Mr. Jain is a B.Tech, AGMP (Management)
Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Axis Gilt Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.43% |
| Benchmark | NIFTY All Duration G-Sec Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 215 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.40% |
| (As on 31-Oct-2023) | |
| Risk Grade | Average |
| Return Grade | Average |
Axis Gilt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Gilt Dir | 6.49 | -0.14 | 0.62 | 1.48 | 2.39 | 6.61 | 4.35 | 7.89 | 6.40 | 8.26 |
| CCIL All Sovereign Bond – TRI | 6.70 | 0.03 | 0.66 | 0.71 | 0.71 | 6.76 | 3.92 | 7.43 | 6.39 | 8.65 |
| Debt: Gilt | 6.52 | -0.11 | 0.55 | 1.20 | 2.22 | 6.73 | 4.37 | 7.35 | 6.40 | 8.67 |
| Rank within category | 10 | 17 | 4 | 5 | 7 | 11 | 9 | 8 | 10 | 13 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 20 | 20 | 20 | 19 |
Peer Comparison of Axis Gilt Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Axis Gilt Dir | 3 star | 6.61 | 4.35 | 7.89 | 0.40 | 215 | 7.43 | — | 10Y 11M |
| SBI Magnum Gilt Dir | 5 star | 7.33 | 5.25 | 8.29 | 0.47 | 7,765 | 9.21 | — | 10Y 11M |
| ICICI Pru Gilt Dir | 5 star | 8.46 | 5.75 | 8.48 | 0.56 | 4,399 | 8.63 | — | 10Y 11M |
| Kotak Gilt Inv Dir | 4 star | 7.66 | 4.92 | 8.05 | 0.43 | 2,935 | 8.27 | — | 10Y 11M |
| Kotak Gilt Inv PF & Trust Dir | 4 star | 7.66 | 4.92 | 8.05 | 0.40 | 2,935 | 8.22 | — | 10Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 7 | 12 |
| Macaulay Duration (yrs) | 6.29 | 6.49 |
| Average Maturity (yrs) | 10.49 | 10.45 |
| Yield to Maturity (%) | 7.59 | 7.49 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Axis Gilt Fund?
Chanakya’s Mutual Fund Guidance For Axis Gilt Fund
Apply Online: https://www.axismf.com/mutual-funds
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