April 2, 2025
mayank
Axis Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 17.6270
IDCW Weekly NAV: Rs 10.4214
IDCW Monthly NAV: Rs 10.2412
NAV IDCW: Rs 13.7518
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to provide steady income and capital appreciation by investing in corporate debt.
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 Price water house Coopers.
2) Hardik Shah
Education: Mr. Shah has done B.E. Information Technology and MBA Finance.
Experience: Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| 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 Corporate Bond Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 13-Jul-17 |
| Return Since Launch | 7.62% |
| Benchmark | Nifty Corporate Bond Index A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 6,299 Cr |
| (As on 28-Feb-2025) | |
| Expense | 0.32% |
| (As on 28-Feb-2025) | |
| Risk Grade | Average |
| Return Grade | Above Average |
Trailing Returns (%) of Axis Corporate Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Corporate Bond Dir | 2.52 | 0.05 | 1.33 | 2.52 | 4.26 | 8.99 | 7.31 | 7.39 | 7.60 | — |
| VR Bond* | 2.13 | 0.15 | 1.26 | 2.30 | 3.34 | 7.88 | 6.90 | 5.60 | 6.27 | — |
| Debt: Corporate Bond* | 2.36 | 0.05 | 1.29 | 2.36 | 4.03 | 8.64 | 6.83 | 6.77 | 7.27 | — |
| Rank within category* | 1 | 15 | 10 | 1 | 1 | 1 | 3 | 1 | 4 | — |
| Number of funds in category* | 21 | 21 | 21 | 21 | 21 | 21 | 20 | 18 | 14 | 12 |
Peer Comparison of Axis Corporate Bond 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 Corporate Bond Dir | 4 star | 8.99 | 7.31 | 7.39 | 0.32 | 6,299 | 7.62 | — | 7Y 8M |
| HDFC Corporate Bond Dir | 4 star | 8.89 | 7.10 | 7.11 | 0.36 | 32,191 | 8.16 | — | 12Y 3M |
| ICICI Pru Corporate Bond Dir | 5 star | 8.55 | 7.50 | 7.27 | 0.35 | 29,545 | 8.22 | — | 12Y 3M |
| Kotak Corporate Bond Dir | 4 star | 8.85 | 7.09 | 6.87 | 0.34 | 14,449 | 8.05 | — | 12Y 3M |
| Nippon India Corporate Bond Dir | 4 star | 8.98 | 7.44 | 7.20 | 0.36 | 6,498 | 8.02 | — | 12Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 111 | 79 |
| Macaulay Duration (yrs) | 3.52 | 3.47 |
| Average Maturity (yrs) | 4.55 | 4.68 |
| Yield to Maturity (%) | 7.37 | 7.43 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Axis Corporate Bond Fund
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