December 26, 2023
mayank
Axis Strategic Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 26.7170
Quarterly NAV IDCW: Rs 10.3732
NAV IDCW Half Yearly: Rs 11.5046
Suitable For Which Investors?
“Medium Duration debt funds invest mainly in bonds maturing in about three to four 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 do not guarantee returns or safety of capital.
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 an investment horizon of more than three years may consider investing 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 reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The scheme will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.
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) Sachin Jain
Education: Mr. Jain is a B.Tech, AGMP (Management)
Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
3) 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) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| 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 Strategic Bond Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.56% |
| Benchmark | NIFTY Medium Duration Debt Index C-III |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 1,937 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.36% |
| (As on 30-Nov-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
Axis Strategic Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Strategic Bond Dir | 7.83 | 0.01 | 0.82 | 1.78 | 3.36 | 7.94 | 6.21 | 7.47 | 7.54 | 8.92 |
| VR Bond | 6.73 | -0.08 | 0.81 | 1.39 | 2.76 | 6.86 | 4.30 | 5.57 | 5.54 | 6.73 |
| Debt: Medium Duration | 7.19 | 0.01 | 0.79 | 1.63 | 3.16 | 7.25 | 5.98 | 6.12 | 6.66 | 8.14 |
| Rank within category* | 1 | 11 | 6 | 4 | 5 | 1 | 4 | 5 | 4 | 2 |
| Number of funds in category* | 16 | 16 | 16 | 16 | 16 | 16 | 15 | 13 | 12 | 7 |
Peer Comparison of Axis Strategic Bond 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 Strategic Bond Dir | 4 star | 7.94 | 6.21 | 7.47 | 0.36 | 1,937 | 8.56 | 1.00 (365) | 10Y 11M |
| ICICI Pru Medium Term Bond Dir | 4 star | 7.67 | 6.31 | 7.94 | 0.74 | 6,496 | 8.47 | 1.00 (365) | 10Y 11M |
| ABSL Medium Term Dir | 5 star | 7.59 | 13.42 | 8.85 | 0.85 | 1,891 | 9.42 | 2.00 (365) | 10Y 11M |
| HSBC Medium Duration Dir | 4 star | 7.62 | 5.64 | 7.09 | 0.40 | 688 | 7.75 | — | 8Y 10M |
| SBI Magnum Medium Duration Dir | 3 star | 7.75 | 5.42 | 7.99 | 0.69 | 6,895 | 9.01 | 1.50 (365) | 10Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 70 | 33 |
| Macaulay Duration (yrs) | 3.51 | 3.36 |
| Average Maturity (yrs) | 4.92 | 4.90 |
| Yield to Maturity (%) | 8.16 | 7.96 |
| Avg Credit Rating | AAA | — |
How to Invest in Axis Strategic Bond Fund?
Chanakya’s Mutual Fund Guidance For Axis Strategic Bond Fund
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