Axis Credit Risk Fund - Direct Plan - Growth

(Erstwhile Axis Fixed Income Opportunities Fund - Direct Plan - Growth)
Fund House: Axis Mutual Fund
Category: Debt: Credit Risk
Launch Date: 15-07-2014
Asset Class: Fixed Income
Benchmark: NIFTY Credit Risk Bond TRI
Expense Ratio: 0.74% As on (31-07-2021)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 100.0
Total Assets: 709.31 Cr As on (31-07-2021)
Turn over: - | Exit Load: For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

18.2892

8.7%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
S&P BSE India Bond Index
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
There is no value for 2x
There is no value for 4x
There is no value for 5x
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme seeks to generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum.

Current Asset Allocation (%)

Indicators

Volatility 1.48
Sharp Ratio 4.82
Alpha -2.06
Beta 1.28
Yield to Maturity 6.55
Average Maturity 1.91

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
Axis Credit Risk Fund - Direct Plan - Growth 15-07-2014 8.72 9.03 7.95 7.74 -
Franklin India Credit Risk Fund - Growth 07-12-2011 16.17 4.73 5.56 6.38 -
Nippon India Credit Risk Fund - Growth Plan 01-06-2005 15.43 3.09 3.23 4.5 6.97
UTI Credit Risk Fund - Regular Plan - Growth Option 10-11-2012 14.91 -9.44 -7.55 -2.24 -
Baroda Credit Risk Fund -Plan B-Growth Option 08-01-2015 14.14 7.48 6.47 7.28 -
Baroda Credit Risk Fund -Plan A -Growth Option 23-01-2015 13.35 6.69 5.63 6.28 -
BOI AXA Credit Risk Fund - Regular Plan 27-02-2015 10.62 -22.34 -31.61 -18.05 -
HDFC Credit Risk Debt Fund - Growth Option 05-03-2014 10.11 9.7 9.48 7.96 -
PGIM India Credit Risk Fund - Regular Plan - Growth 15-09-2014 8.55 4.66 2.58 4.01 -
Aditya Birla Sun Life Credit Risk Fund - Regular Plan - Growth 05-04-2015 8.54 5.85 6.43 6.77 -

Scheme Characteristics

Minimum investment in corporate bonds - 65% of total assets (investment in below highest rated instruments).

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

100.0%

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months

Short term capital gains (STCG) tax at the income tax slab rate applicable to the investor, if units are held for less than 36 months

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @29.12% ( 25% + 12% surcharge + 4% Health & education cess) for Individuals and @ 34.944% ( 30% + 12% surcharge + 4% Health & education cess) for any other person **

In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

** The DDT is to be paid by the mutual fund

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