December 19, 2023
mayank
Axis Short Term Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 29.5134
Weekly NAV IDCW: Rs 10.2449
Monthly NAV IDCW: Rs 10.0809
NAV IDCW: Rs 18.0575
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one 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. There have been instances when short duration funds have incurred losses.
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 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) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| 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 | 0 |
Basic Details of Axis Short Term Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.13% |
| Benchmark | NIFTY Short Duration Debt Index B-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 7,702 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.35% |
| (As on 30-Nov-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
Axis Short Term Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Short Term Dir | 7.20 | 0.07 | 0.70 | 1.71 | 3.24 | 7.35 | 5.34 | 7.48 | 7.26 | 8.13 |
| CCIL T Bill Liquidity Weight | 4.23 | 0.00 | 0.37 | 1.12 | 2.19 | 4.40 | 2.98 | 3.30 | 3.51 | 4.04 |
| Debt: Short Duration | 7.08 | 0.07 | 0.71 | 1.74 | 3.27 | 7.21 | 5.57 | 6.79 | 6.70 | 7.71 |
| Rank within category | 9 | 16 | 15 | 15 | 11 | 9 | 8 | 4 | 3 | 3 |
| Number of funds in category | 24 | 25 | 25 | 25 | 25 | 24 | 21 | 20 | 18 | 18 |
Peer Comparison of Axis Short Term 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 Short Term Dir | 4 star | 7.35 | 5.34 | 7.48 | 0.35 | 7,702 | 8.13 | — | 10Y 11M |
| ICICI Pru ST Dir | 4 star | 7.99 | 6.07 | 8.05 | 0.45 | 18,807 | 8.54 | — | 10Y 11M |
| HDFC ST Debt Dir | 4 star | 7.53 | 5.35 | 7.46 | 0.37 | 12,285 | 8.02 | — | 10Y 11M |
| Nippon Ind ST Dir | 4 star | 7.42 | 5.60 | 7.49 | 0.37 | 6,122 | 8.07 | — | 10Y 11M |
| ABSL ST Dir | 4 star | 7.54 | 5.71 | 7.66 | 0.38 | 6,021 | 8.63 | — | 10Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 153 | 42 |
| Macaulay Duration (yrs) | 2.67 | 2.52 |
| Average Maturity (yrs) | 3.45 | 3.22 |
| Yield to Maturity (%) | 7.70 | 7.69 |
| Avg Credit Rating | AAA | — |
How to Invest in Axis Short Term Fund?
Chanakya’s Mutual Fund Guidance For Axis Short Term Fund
Apply Online: https://www.axismf.com/mutual-funds
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks