Axis Corporate Debt Fund Direct Growth
Min amount: ₹500
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Low to Moderate Risk|
|Fund Type||Corporate Bond|
More about this fund
|364 DTB 01072021||5.21%|
|National Bank For Agriculture And Rural Development||4.6%|
|Motherson Sumi Systems Limited||4.24%|
|Embassy Office Parks Reit||4.12%|
|Housing Development Finance Corporation Limited||3.94%|
|Grasim Industries Limited||3.8%|
|National Bank For Agriculture And Rural Development||3.43%|
|State Bank Of India||2.71%|
|Power Finance Corporation Limited||2.71%|
|Aditya Birla Finance Limited||2.63%|
About Axis Corporate Debt Fund - Direct Plan - Growth
Axis Corporate Debt Fund, as the name suggests, is a debt mutual fund scheme which intends to offer a steady rate of return and capital appreciation over time by investing in corporate securities. This scheme is suitable for investors willing to bear moderate risk in exchange for decent returns.
Pros and Cons of Axis Corporate Debt Fund - Direct Plan - Growth
Axis Corporate Debt Fund is suitable for investors having short to medium-term investment horizons. This fund provides much higher returns than bank deposits. On the flip side, the returns are not as high as that of equity funds.
Fund Information and Statistics
i) Inception/Launch Date Axis Corporate Debt Fund was launched on 13 July 2017.
ii) Risk Level As per the Axis Mutual Fund, the Axis Corporate Debt Fund comes with moderate levels of risk. However, this fund is not as risky as equity funds while it carries more risk than liquid and gilt funds.
iii) Redemption Axis Corporate Debt Fund is an open-ended mutual fund, and hence investments can be redeemed any time.
iv) Fund Manager Mr Devang Shah is the current fund manager of the Axis Corporate Debt Fund.
v) Entry/Exit Load The SEBI norms have made all mutual funds free from the entry load. Axis Corporate Debt Fund comes with no exit load.
About Axis Mutual Fund
Axis Mutual Fund is a leading fund house in the country. The Axis fund house started its operations in the mutual fund industry in the year 2009. As of December 2019, the assets under management of Axis Mutual Fund stood at Rs 1.2 lakh crore. It registered with the Securities and Exchange Board of India (SEBI) with Axis Bank Limited and Axis Mutual Fund Trustee Limited as the sponsor and trustee respectively.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns