April 2, 2025
mayank
Axis Credit Risk Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 23.3288
IDCW Weekly NAV: Rs 10.3299
NAV IDCW Monthly: Rs 10.1136
Suitable For Which Investors?
“Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors’ money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
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 seeks to generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum.
Fund Manager:
1) Akhil Bipin Thakker
Education: Mr. Thakker has done MBA in Finance from K J Somaiya Institute of Management
Experience: Prior to joining Axis Mutual Fund, he has worked with CRISIL Ltd and Credit Analysis & Research Ltd.
2) 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.
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 | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of Axis Credit Risk Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 15-Jul-14 |
| Return Since Launch | 8.22% |
| Benchmark | CRISIL Credit Risk Debt B-II Index |
| Riskometer | High |
| Type | Open-ended |
| Assets | Rs 381 Cr |
| (As on 28-Feb-2025) | |
| Expense | 0.80% |
| (As on 28-Feb-2025) | |
| Risk Grade | Below Average |
| Return Grade | Average |
Trailing Returns (%) OF Axis Credit Risk Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Credit Risk Dir | 2.30 | 0.06 | 1.11 | 2.30 | 4.25 | 8.98 | 7.52 | 7.56 | 7.30 | 7.92 |
| CCIL T Bill Liquidity Weight* | 1.29 | 0.08 | 0.44 | 1.29 | 2.32 | 4.85 | 4.17 | 3.42 | 3.65 | 3.93 |
| Debt: Credit Risk* | 3.69 | 0.06 | 1.78 | 3.69 | 5.69 | 10.31 | 8.16 | 8.36 | 6.30 | 7.09 |
| Rank within category* | 10 | 3 | 7 | 10 | 7 | 8 | 8 | 11 | 7 | 6 |
| Number of funds in category* | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 12 |
Peer Comparison of Axis Credit Risk 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 Credit Risk Dir | 3 star | 8.98 | 7.52 | 7.56 | 0.80 | 381 | 8.22 | 1.00 (365) | 10Y 8M |
| Nippon India Credit Risk Dir | 4 star | 9.40 | 7.87 | 9.06 | 0.70 | 989 | 7.47 | 1.00 (365) | 12Y 3M |
| HDFC Credit Risk Debt Dir | 2 star | 8.46 | 7.10 | 7.75 | 1.02 | 7,252 | 8.80 | 1.00 (365) | 11Y |
| ICICI Pru Credit Risk Dir | 2 star | 8.97 | 7.85 | 8.03 | 0.76 | 6,187 | 8.89 | 1.00 (365) | 12Y 3M |
| SBI Credit Risk Dir | 3 star | 9.10 | 7.95 | 7.76 | 0.89 | 2,259 | 8.65 | 3.00 (365) | 12Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 36 | 32 |
| Macaulay Duration (yrs) | 2.36 | 2.30 |
| Average Maturity (yrs) | 2.89 | 3.00 |
| Yield to Maturity (%) | 8.50 | 8.25 |
| Avg Credit Rating | AA | — |
Chanakya’s Mutual Fund Guidance For Axis Credit Risk Fund
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