December 7, 2023
mayank
Axis Corporate Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 15.7174
IDCW Weekly NAV: Rs 10.3713
IDCW Monthly NAV: Rs 10.2078
NAV IDCW: Rs 13.3362
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 Debt Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 13-Jul-17 |
| Return Since Launch | 7.32% |
| Benchmark | NIFTY Corporate Bond Index B-III |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 4,828 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.28% |
| (As on 31-Oct-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
Axis Corporate Debt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Corp Debt Dir | 6.81 | 0.05 | 0.60 | 1.48 | 2.95 | 7.17 | 5.30 | 7.09 | — | — |
| VR Bond | 6.16 | 0.10 | 0.68 | 1.24 | 2.02 | 6.33 | 4.11 | 5.57 | — | — |
| Debt: Corporate Bond | 6.46 | 0.04 | 0.57 | 1.42 | 2.74 | 6.81 | 4.72 | 6.98 | — | — |
| Rank within category | 5 | 11 | 3 | 5 | 6 | 5 | 3 | 9 | — | — |
| Number of funds in category | 21 | 22 | 22 | 22 | 22 | 21 | 19 | 17 | 13 | 10 |
Peer Comparison of Axis Corporate Debt 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 Corp Debt Dir | 4 star | 7.17 | 5.30 | 7.09 | 0.28 | 4,828 | 7.32 | — | 6Y 4M |
| ICICI Pru Corp Bond Dir | 5 star | 7.59 | 5.58 | 7.58 | 0.32 | 24,468 | 8.18 | — | 10Y 11M |
| ABSL Corp Bond Dir | 4 star | 7.12 | 5.19 | 7.48 | 0.31 | 17,698 | 8.17 | — | 10Y 11M |
| Nippon Ind Corp Bond Dir | 5 star | 7.20 | 5.67 | 7.08 | 0.34 | 2,388 | 7.88 | — | 10Y 11M |
| Franklin Ind Corp Debt Dir | 4 star | 6.93 | 4.98 | 7.05 | 0.20 | 767 | 8.36 | — | 10Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 111 | 68 |
| Macaulay Duration (yrs) | 2.74 | 2.68 |
| Average Maturity (yrs) | 3.63 | 3.63 |
| Yield to Maturity (%) | 7.71 | 7.74 |
| Avg Credit Rating | AAA | — |
How to Invest in Axis Corporate Debt Fund?
Chanakya’s Mutual Fund Guidance For Axis Corporate Debt Fund
Apply Online: https://www.axismf.com/mutual-funds
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