December 11, 2023
mayank
Axis Floater Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 1,136.0411
Yearly NAV IDCW: Rs 1,122.3649
Quarterly NAV IDCW: Rs 1,101.7496
NAV IDCW Monthly: Rs 1,003.3687
Suitable For Which Investors?
“This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that 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.
If you do decide to invest in them, remember that 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 generate regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt and money market instruments.
Fund Manager:
1) Aditya Pagaria
Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.
Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager – Fixed Income Operations.
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) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Axis Floater Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 26-Jul-21 |
| Return Since Launch | 5.53% |
| Benchmark | CRISIL Medium Term Debt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 301 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.20% |
| (As on 31-Oct-2023) | |
| Risk Grade | High |
| Return Grade | Average |
Axis Floater Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Floater Dir | 6.59 | -0.08 | 0.58 | 1.41 | 2.85 | 6.91 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 4.11 | 0.12 | 0.40 | 1.10 | 2.19 | 4.44 | — | — | — | — |
| Debt: Floater | 7.19 | 0.01 | 0.57 | 1.63 | 3.68 | 7.58 | — | — | — | — |
| Rank within category | 12 | 13 | 5 | 13 | 13 | 12 | — | — | — | — |
| Number of funds in category | 12 | 13 | 13 | 13 | 13 | 12 | 8 | 6 | 5 | 5 |
Peer Comparison of Axis Floater 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 Floater Dir | 2 star | 6.91 | — | — | 0.20 | 301 | 5.53 | — | 2Y 4M |
| HDFC Floating Rate Debt Dir | 4 star | 7.78 | 5.66 | 7.03 | 0.26 | 16,887 | 7.81 | — | 10Y 11M |
| ABSL Floating Rate Dir | 5 star | 7.64 | 5.45 | 6.84 | 0.23 | 13,086 | 7.95 | — | 10Y 11M |
| UTI Floater Dir | 4 star | 7.28 | 5.10 | 6.65 | 0.35 | 1,421 | 6.67 | — | 5Y 1M |
| ICICI Pru Floating Interest Dir | 3 star | 8.30 | 6.02 | 7.50 | 0.61 | 11,581 | 8.25 | — | 10Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 16 | 47 |
| Macaulay Duration (yrs) | 3.88 | 1.30 |
| Average Maturity (yrs) | 6.29 | 2.60 |
| Yield to Maturity (%) | 7.59 | 7.81 |
| Avg Credit Rating | AAA | — |
How to Invest in Axis Floater Fund?
Chanakya’s Mutual Fund Guidance For Axis Floater Fund
Apply Online: https://www.axismf.com/mutual-funds
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