Axis Gilt Fund Growth - Latest NAV ₹19.7841, Returns, Performance & Portfolio

Axis Gilt Fund Growth

  • highlight
    8.9%
  • highlight
    19.7841

Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 13.29 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years8.9%
3 Years9.5%
1 Year12.7%
6 Months3.91%
Fund Details
ISININF846K01AX8
RiskModerate Risk
Fund TypeGovernment Bond
NAV19.7841
Exit Load--

More about this fundstar

Top HoldingsWeightage
6.19% Govt Stock 203423.4%
91 DTB 0511202016.31%
364 DTB 2611202016.28%
06.87 MH SDL 203013.49%
6.8% Govt Stock 206013.3%
8.18% HR SDL Spl 20243.56%
06.84 GJ SDL 20301.68%

About Axis Gilt Fund

The Axis Gilt Fund is an open-ended debt scheme. It seeks to generate credit risk-free returns by investing in sovereign securities issued by the Central Government and/or State Government. It was earlier known as Axis Constant Maturity 10 Year Fund and was renamed as Axis Gilt Fund with effect from May 18, 2018.

Pros & Cons of Axis Gilt Fund

  • Since the scheme invests in government securities there is no credit risk as the securities are backed by a sovereign guarantee. It may be suitable for investors with an investment horizon of 3+ years.
  • As on December 31, 2018, the scheme is not ranked under CRISIL’s Gilt Fund category.
  • Further, it has generated returns of 7.97% per year over the last 5 years (as on January 31, 2019).

Fund Information and Statistics of Axis Gilt Fund

Inception / Launch Date

The scheme was launched on 23 January 2012 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 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 Gilt 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 Gilt 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

Axis Mutual Fund launched its first scheme in 2009 and has since grown strongly with over 20 lakh active investor accounts and a presence in over 90 cities. Further, it offers a product suite of more than 50 products catering to the requirements of different kinds of investors.

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Frequently Asked Questions

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Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 13.29 Lakhs in a period of 20 years
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