December 12, 2023
mayank
Axis Long Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 1,065.4222
Yearly NAV IDCW: Rs 1,062.7478
NAV IDCW Quarterly: Rs 1,057.7885
Monthly NAV IDCW: Rs 1,003.8626
Suitable For Which Investors?
“Long Duration debt funds invest mainly in bonds maturing in more than seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they can be fairly volatile in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with a long investment horizon of seven years or more may consider investing at least some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss is substantially reduced if you invest for seven years and more.”
Fund’s Investment Strategy:
The scheme seeks to to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments.
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 Pricewaterhouse 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) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Axis Long Duration Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 27-Dec-22 |
| Return Since Launch | 6.54% |
| Benchmark | NIFTY Long Duration Debt Index A-III |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 185 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.26% |
| (As on 31-Oct-2023) | |
| Risk Grade | — |
| Return Grade | — |
Axis Long Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Long Duration Dir | 6.33 | -0.04 | 0.40 | 0.49 | 1.14 | — | — | — | — | — |
| VR Bond | 6.17 | -0.03 | 0.58 | 1.26 | 2.10 | — | — | — | — | — |
| Debt: Long Duration | 6.57 | 0.01 | 0.53 | 0.56 | 1.00 | — | — | — | — | — |
| Rank within category | 4 | 6 | 7 | 6 | 3 | — | — | — | — | — |
| Number of funds in category | 5 | 7 | 7 | 7 | 7 | 3 | 2 | 2 | 1 | 1 |
Peer Comparison of Axis Long Duration 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 Long Duration Dir | Unrated | — | — | — | 0.26 | 185 | 6.54 | — | 11M |
| Nippon Ind Nivesh Lakshya Dir | Unrated | 6.44 | 3.72 | 7.80 | 0.30 | 6,494 | 8.50 | 1.00 (365) | 5Y 5M |
| HDFC Long Duration Debt Dir | Unrated | — | — | — | 0.25 | 1,411 | 5.34 | — | 10M |
| SBI Long Duration Dir | Unrated | — | — | — | 0.23 | 970 | 6.76 | 0.25 (90) | 11M |
| ICICI Pru LT Bond Dir | Unrated | 6.34 | 3.05 | 6.87 | 0.76 | 649 | 7.93 | — | 10Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 2 | 8 |
| Macaulay Duration (yrs) | 9.79 | 9.94 |
| Average Maturity (yrs) | 23.47 | 23.49 |
| Yield to Maturity (%) | 7.49 | 7.58 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Axis Long Duration Fund?
Chanakya’s Mutual Fund Guidance For Axis Long Duration Fund
Apply Online: https://www.axismf.com/mutual-funds
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