December 12, 2023
mayank
Axis Liquid Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 2,623.6318
Weekly NAV IDCW Weekly: Rs 1,002.0913
NAV IDCW Monthly: Rs 1,003.1602
Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The fund seeks to generate reasonable return commensurate with low risk and high degree of liquidity from a portfolio of money market and high quality debt securities.
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) 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) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | — |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | Exit load of 0.0070% if redeemed within 1 day |
| 0.0065% if redeemed within 2 days | |
| 0.0060% if redeemed within 3 days | |
| 0.0055% if redeemed within 4 days | |
| 0.0050% if redeemed within 5 days | |
| 0.0045% if redeemed within 6 days. |
Basic Details of Axis Liquid Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.83% |
| Benchmark | NIFTY Liquid Index B-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 28,221 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.17% |
| (As on 31-Oct-2023) | |
| Risk Grade | — |
| Return Grade | Above Average |
Axis Liquid Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Liquid Dir | 6.70 | 0.02 | 0.57 | 1.73 | 3.48 | 7.10 | 5.05 | 5.28 | 5.81 | 6.60 |
| CCIL T Bill Liquidity Weight | 4.08 | -0.03 | 0.32 | 1.07 | 2.13 | 4.33 | 2.94 | 3.29 | 3.49 | 4.04 |
| Debt: Liquid | 6.62 | 0.02 | 0.57 | 1.72 | 3.45 | 7.01 | 5.00 | 5.22 | 5.72 | 6.53 |
| Rank within category | 7 | 15 | 16 | 12 | 14 | 5 | 12 | 9 | 9 | 7 |
| Number of funds in category | 35 | 36 | 36 | 36 | 35 | 35 | 34 | 31 | 30 | 29 |
Peer Comparison of Axis Liquid 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 Liquid Dir | 4 star | 7.10 | 5.05 | 5.28 | 0.17 | 28,221 | 6.83 | 0.01 (1) | 10Y 11M |
| ABSL Liquid Dir | 5 star | 7.16 | 5.08 | 5.33 | 0.21 | 39,102 | 6.87 | 0.01 (1) | 10Y 11M |
| UTI Liquid Dir | 4 star | 7.09 | 5.05 | 5.27 | 0.18 | 22,737 | 6.79 | 0.01 (1) | 10Y 11M |
| Mirae Asset Cash Management Dir | 4 star | 7.09 | 5.06 | 5.27 | 0.12 | 11,788 | 6.65 | 0.01 (1) | 10Y 11M |
| Baroda BNP Paribas Liquid Dir | 5 star | 7.10 | 5.09 | 5.29 | 0.19 | 8,891 | 6.85 | 0.01 (1) | 10Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 85 | 55 |
| Macaulay Duration (yrs) | 0.11 | 0.10 |
| Average Maturity (yrs) | 0.11 | 0.10 |
| Yield to Maturity (%) | 7.29 | 7.23 |
| Avg Credit Rating | AAA | — |
How to Invest in Axis Liquid Fund?
Chanakya’s Mutual Fund Guidance For Axis Liquid Fund
Apply Online: https://www.axismf.com/mutual-funds
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