Axis Corporate Debt Fund Regular Growth - Latest NAV ₹12.9744, Returns, Performance & Portfolio

Axis Corporate Debt Fund Regular Growth

  • highlight
    8.34%
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    (+0.01)12.9744

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Min amount: ₹1,000

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years8.34%
1 Year11.67%
6 Months6.6%
Fund Details
ISININF846K01ZU1
RiskModerate Risk
Fund TypeCorporate Bond
NAV12.9744
Exit Load--

More about this fundstar

Top HoldingsWeightage
7.27% Govt Stock 20267.71%
Food Corporation of India5.14%
Embassy Office Parks Reit5.08%
Housing Development Finance Corporation Limited4.69%
Tata Capital Limited3.99%
Reliance Industries Limited3.77%
State Bank Of India3.59%
Pipeline Infrastructure Private Limited3.41%
Motherson Sumi Systems Limited3.2%
Reliance Ports and Terminals Limited2.97%

About Axis Corporate Debt Fund

The Axis Corporate Debt Fund is an open-ended debt scheme. It seeks to provide steady income and capital appreciation by investing predominantly in AA+ and above rated corporate bonds. It was earlier known as Axis Corporate Debt Opportunities Fund and was renamed as Axis Corporate Debt Fund with effect from May 18, 2018.

Pros & Cons of Axis Corporate Debt Fund

  • The scheme predominantly invests in securities issued by both private and public sector corporates including banks and financial institutions, across different maturities and ratings.
  • Further, it looks for opportunities from credit spreads among the range of available corporate debt instruments by managing the risks effectively.
  • As on December 31, 2018, the scheme is ranked 2 under CRISIL’s Corporate Bond Fund category. Further, it has generated returns of 7.92% over the last year (as on January 31, 2019).

Fund Information and Statistics of Axis Corporate Debt Fund

Inception / Launch Date

The scheme was launched on 13 July 2017 by Axis Mutual Fund.

Risk Level

According to the investment objective and asset allocation of the scheme, it has a Moderate risk-level associated with it.

Redemption

The minimum redemption amount is the lower of Rs.1000 or 100 units or the account balance. The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

Fund Manager

Mr. Devang Shah is the Fund Manager of the Axis Corporate Debt Fund since July 13, 2017.

Entry / Exit Load

There is no entry load or exit load in this scheme.

Tax benefits of investing in Axis Corporate Debt Fund

The following taxes are applicable to the income arising from investing in this scheme:

  • STCG is added to the investor's income and taxed as per the income-tax slab.
  • LTCG component is taxed at 20% with indexation benefits.

About Axis Mutual Fund

Post-launching its first scheme in 2009, Axis Mutual Fund has grown strongly and offers a well-rounded product suite of more than 50 products, a presence in over 90 cities, and over 20 lakh active investor accounts. It offers a plethora of investment schemes to suit the investment requirements and risk preferences of different investors.

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Min amount: ₹1,000

Moderate Risk

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