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Fincash » Mutual Funds » Axis Credit Risk Fund

Axis Credit Risk Fund - G

NAV  ₹19.3498 ↓ -0.01  (-0.03 %) as on 12 Apr 24

(Erstwhile Axis Fixed Income Opportunities Fund)

Scheme Objective

To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns

Axis Credit Risk Fund is a Debt - Credit Risk fund launched on 15 Jul 14. It is a fund with Moderate risk and has given a CAGR return of 7% since its launch.  Ranked 4 in Credit Risk category.  Return for 2023 was 7% , 2022 was 4% and 2021 was 6% .

Below is the key information for Axis Credit Risk Fund

NAV as on 12 Apr 24₹19.3498 ↓ -0.01  (-0.03 %)
Net Assets (AUM) as on 29 Feb 2024 ₹472 Cr.
Launch Date15 Jul 2014
CategoryDebt - Credit Risk
Rating
TypeOpen Ended Fund
RiskModerate
Yield To Maturity8.61%
Effective Maturity2 Years 4 Months 13 Days
Modified Duration1 Year 10 Months 6 Days
Alpha Ratio0.0
Expense Ratio1.67 %
Sharpe Ratio0.548
Information Ratio0.0
BenchmarkNot Available
ISININF846K01PO5
AMCAxis Asset Management Company Limited
Min Investment ₹5,000
Min SIP Investment ₹1,000
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 12 Apr 24

DurationReturns
1 Month 0.5%
3 Month 1.9%
6 Month 3.7%
1 Year 7%
3 Year 5.8%
5 Year 5.8%
10 Year
15 Year
Since launch 7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 7%
2022 4%
2021 6%
2020 8.2%
2019 4.4%
2018 5.9%
2017 6.4%
2016 9.8%
2015 8.7%

Growth of 10k Over Years

DateValue
31 Mar 19₹10,000
31 Mar 20₹10,427
31 Mar 21₹11,199
31 Mar 22₹11,837
31 Mar 23₹12,383
31 Mar 24₹13,287
Axis Credit Risk Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash5.75%
Debt93.92%
Other0.34%
Axis Credit Risk Fund Asset Allocation

Sector Allocation

SectorValue
Corporate77.83%
Government15.68%
Cash Equivalent5.75%
Securitized0.41%
RatingValue
A7.45%
AA52.71%
AAA39.83%
Axis Credit Risk Fund Debt Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
7.26% Govt Stock 2033
Sovereign Bonds | -
11%₹51 Cr5,050,000
Motherson Sumi Systems Limited
Debentures | -
6%₹30 Cr3,000
Tata Projects Limited
Debentures | -
5%₹24 Cr2,400
Godrej Housing Finance Limited
Debentures | -
5%₹23 Cr235
Birla Corporation Limited
Debentures | -
5%₹23 Cr230
7.18% Govt Stock 2033
Sovereign Bonds | -
4%₹20 Cr2,000,000
↑ 1,000,000
Godrej Industries Limited
Debentures | -
4%₹20 Cr2,000
Nexus Select Trust
Debentures | -
4%₹20 Cr2,000
Sundew Properties Limited
Debentures | -
4%₹20 Cr200
Sepset Constructions Limited
Debentures | -
4%₹18 Cr210
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Fund Managers

NameSinceTenure
Devang Shah15 Jul 149.72 Yr.
Akhil Thakker9 Nov 212.39 Yr.

Custodians

CompanyAddress
Bank of Nova Scotia12/13, Maker Chamber VI,220, Nariman Point
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Axis Mutual FundAxis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,

Auditors

CompanyAddress
S. R. BATLIBOI & CoExpress Tower, 6th Floor,Nariman Point,Mumbai

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Axis Credit Risk Fund
Growth
₹19.3498
↓ -0.01
3.75 %6.95 %5.79 %5.84 %
Axis Credit Risk Fund
Weekly Dividend, Payout
₹10.1703
↓ 0.00
3.75 %6.95 %5.79 %5.58 %
Axis Credit Risk Fund
Monthly Dividend, Payout
₹10.097
↓ 0.00
3.75 %6.95 %5.79 %5.63 %
Data as on 12 Apr 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.