Fund Performance
Lumpsum
SIP
6.12
as on 31 Jan 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,952 today.
NAV Performance
Fund Information
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₹ 14.181
as on 31 Jan 2023 -
Regular - Growth
-
9 / 17
-
₹ 5,000
-
₹ 5,533 Cr.
as on 31 Dec 2021 -
0.93%
-
18 Jul 2017
-
CRISIL 10 Year Gilt Index
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Axis Mutual Fund
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Highlights of this fund
Axis Corporate Debt Fund is an Open-ended Debt Fund. The fund belongs to Corporate Bond Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 18 Jul 2017. This fund is offered by one of the top AMC (Assets Management Company) Axis Mutual Fund. You can also view here all other Debt funds offered by Axis Mutual Fund.
Latest NAV of the fund is ₹ 14.181 as on 31 Jan 2023.
This fund has 5 years of track record. Since 31 Oct 2021 expense ratio of this fund is 0.93%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.
You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 5,000.
Fund Objective
The Scheme seeks to provide steady income and capital appreciaon by invesng in corporate debt.
List of Fund Managers of Axis Corporate Debt Fund
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About Devang Shah
Devang Shah is the Deputy Head - Fixed Income at Axis AMC. His core responsibilities include managing top quartile performance for all funds along with managing client relationship. Devang joined Axis AMC on October 2012 as a Fund Manager and was promoted to Deputy Head in June 2018. He has been actively involved in the ideation, sourcing and investment strategy for fixed income funds. Prior to this, Devang was working with ICICI Prudential AMC as a Fund Manager from April 2008 till October 2012. His primary responsibilities include – 1. Analysing domestic fixed income markets, provide views on interest rate, credit environment & domestic monetary aggregates 2. Managing portfolio and trading in Debt & Money Market Instruments 3. Analysing various credit structures (LAS, ABS Pools, LAP) and credit exposures for the fund house. He has also worked with Deutsche AMC and PwC in past.
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Moderately Low Risk
Fund Return Comparison
| Fund Name | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category Best | 0.12% | 0.53% | 2.08% | 3.38% | 4.90% | 4.80% | 6.49% | 7.31% | 8.08% | 5.56% | 4.83% | 5.18% | 6.46% | 7.47% |
| Category Average | 0.01% | 0.41% | 1.57% | 2.64% | 3.22% | 3.30% | 5.28% | 6.49% | 7.35% | 4.42% | 3.79% | 4.25% | 5.71% | 6.80% |
| Axis Corporate Debt Fund | 0.00%₹ 10,000 | 0.42%₹ 10,042 | 1.60%₹ 10,159 | 2.66%₹ 10,265 | 3.84%₹ 10,383 | 4.63%₹ 12,300 | 3.97%₹ 10,811 | 4.06%₹ 25,025 | 6.12%₹ 11,952 | 4.61%₹ 38,621 | 6.51%₹ 13,712 | 5.75%₹ 69,402 | - | - |
| ICICI Prudential Corporate Bond Fund | 0.03%₹ 10,002 | 0.40%₹ 10,039 | 1.40%₹ 10,139 | 3.38%₹ 10,337 | 4.90%₹ 10,489 | 5.56%₹ 12,360 | 4.45%₹ 10,912 | 4.74%₹ 25,198 | 6.18%₹ 11,973 | 5.05%₹ 38,882 | 7.03%₹ 14,048 | 6.31%₹ 70,392 | 7.75%₹ 21,111 | 7.19%₹ 1,73,809 |
| Aditya Birla Sun Life Corporate Bond Fund | 0.04%₹ 10,004 | 0.45%₹ 10,044 | 1.66%₹ 10,165 | 2.97%₹ 10,296 | 4.32%₹ 10,431 | 5.11%₹ 12,331 | 4.35%₹ 10,892 | 4.47%₹ 25,129 | 6.49%₹ 12,077 | 4.97%₹ 38,834 | 7.29%₹ 14,220 | 6.46%₹ 70,643 | 8.08%₹ 21,764 | 7.47%₹ 1,76,370 |
| Kotak Corporate Bond Fund Standard | 0.00%₹ 10,000 | 0.35%₹ 10,034 | 1.44%₹ 10,144 | 2.69%₹ 10,269 | 3.79%₹ 10,378 | 4.47%₹ 12,290 | 3.97%₹ 10,813 | 4.04%₹ 25,019 | 5.50%₹ 11,744 | 4.43%₹ 38,520 | 6.77%₹ 13,879 | 5.77%₹ 69,441 | - | - |
| Invesco India Corporate Bond Fund | 0.00%₹ 10,000 | 0.43%₹ 10,042 | 1.64%₹ 10,164 | 2.52%₹ 10,251 | 3.13%₹ 10,312 | 4.10%₹ 12,266 | 3.49%₹ 10,711 | 3.49%₹ 24,881 | 5.23%₹ 11,653 | 3.95%₹ 38,240 | 6.45%₹ 13,669 | 5.60%₹ 69,131 | 6.67%₹ 19,088 | 6.26%₹ 1,65,583 |
| IDFC Corporate Bond Fund | 0.04%₹ 10,004 | 0.42%₹ 10,042 | 1.58%₹ 10,157 | 2.42%₹ 10,242 | 2.80%₹ 10,280 | 3.86%₹ 12,251 | 3.50%₹ 10,714 | 3.40%₹ 24,858 | 5.81%₹ 11,848 | 4.07%₹ 38,311 | 6.49%₹ 13,699 | 5.61%₹ 69,155 | - | - |
Portfolio Holdings
Top Debt Instrument Type holdings of Axis Corporate Debt Fund
| Instrument Type | Holding Percentage | Holding Values in Crore |
|---|---|---|
| NCD & Bonds | 66.73% | ₹ 3,133.14 Cr. |
| GOI | 19.87% | ₹ 934.01 Cr. |
| CP | 3.64% | ₹ 171.15 Cr. |
| CD | 2.09% | ₹ 98.16 Cr. |
| PTC | 0.90% | ₹ 42.50 Cr. |
| Others | 6.77% | - |
Top Debt Holdings of Axis Corporate Debt Fund
| Name of Debt Instrument | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Bond - Govt of India | 19.87% | ₹ 934.01 Cr. |
| Bond - National Bank for Agriculture & Rural Development | 9.27% | ₹ 434.80 Cr. |
| Bond - Rural Electrification Corporation Limited | 7.69% | ₹ 360.82 Cr. |
| Bond - Housing Development Finance Corporation Ltd. | 5.99% | ₹ 281.62 Cr. |
| Bond - L&T Finance Ltd. | 4.37% | ₹ 205.28 Cr. |
| Others | 52.81% |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 2.32% |
| Net Receivables | 2.31% |
| MF Units | 2.13% |
| Interest Rate Swaps | 0.01% |