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Axis Short Term Fund Direct Plan Growth Option

Debt

  

Short Duration Fund

NAV

23.215 -0.0016

as on (09 Apr, 2020)

RETURNS

8.07 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

0.94 %

Benchmark

Nifty Short Duration Debt Index PR INR

Asset Size

5398.22 Cr.

(As of 30 Apr, 2019)

Risk

Moderately Low

Objective

To generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.

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Fund manager

Devang Shah

(since 05 Nov, 2012)

Exit load

N / A

Minimum sip

₹ 1000

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Housing Development Finance Corporation Limited

2.44 %

Reliance Industries Limited

2.34 %

National Bank For Agriculture And Rural Development

1.96 %

7.37% Govt Stock 2023

1.96 %

Sector Allocation

About the Scheme Type

Short Duration Fund

Short Duration Mutual Funds usually have an investment horizon spanning about 1 – 3 years, with a scope to be extended to 4 years. Short Duration Mutual Funds are often accompanied by modest risks and non-volatile returns and theydo not even attract penalty on pre-mature withdrawals. These are usually beneficial for investors with lower risk appetite and offer greater post tax returns in comparison to other non-equitycounterparts of the same tenure.

Ratings

This fund is rated 5 stars by Morning Star Ratings.

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Overview of Axis Asset Management Company Limited

Axis Mutual Fund has grown strongly since the time it launched its first scheme in October 2009. The vision statement of Axis Mutual Fund has been to responsibly manage money and risks to help people feel financially secure and confident of a brighter and prosperous future. We attribute our success, thus far, to Axis Mutual Fund’s 3 founding principles

  • Long term wealth creation
  • Outside in (Customer) view
  • Long term relationship

Our product, sales and service strategy is entirely guided by this. We, at Axis Mutual Fund, aim to provide quality financial and investment solutions to help customers feel financially secure and confident of a brighter and prosperous future. We lay a strong emphasis on risk management and planning. We encourage our investors and our partners to take a holistic view which extends beyond mere investing surpluses to investing with an underlying dream, aspiration or goal.

Investment Philosophy of Axis Mutual Fund:

  • Business to be built on three pillars
    • Outside-in View
    • Investor at the heart of every single decision
    • Communication in investor’s language, not in ours
  • Enduring Wealth Creation
    • Playing a serious and credible role in investor’s money basket
    • Encouraging investors to build a long-term perspective of the mutual fund category
  • Long-term Relationships
    • Outside-in View
    • Aiming at building relationships rather than being transactional