Axis Corporate Debt Fund Direct Growth

Fund Overview

Fund Size

₹5,427 Cr

Expense Ratio

0.30%

ISIN

INF846K01ZM8

Minimum SIP

₹100

Exit Load

No Charges

Inception Date

13 Jul 2017

About this fund

Axis Corporate Debt Fund Direct Growth is a Corporate Bond mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 7 years and 13 days, having been launched on 13-Jul-17.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹16.59, Assets Under Management (AUM) of 5427.34 Crores, and an expense ratio of 0.3%.

Axis Corporate Debt Fund Direct Growth has given a CAGR return of 7.46% since inception.
The fund's asset allocation comprises around 0.00% in equities, 93.95% in debts, and 5.79% in cash & cash equivalents.
You can start investing in Axis Corporate Debt Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.85%

+6.29% (Cat Avg.)

3 Years

+6.26%

+5.03% (Cat Avg.)

5 Years

+7.59%

+5.97% (Cat Avg.)

Since Inception

+7.46%

— (Cat Avg.)

Portfolio Summaryas of 15th July 2024

Debt	₹5,099.1 Cr	93.95%
Others	₹328.24 Cr	6.05%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
7.18% Govt Stock 2033	Bond - Gov't/Treasury	₹318.24 Cr	5.86%
Net Receivables / (Payables)	Cash - Collateral	₹274.99 Cr	5.07%
6.54% Govt Stock 2032	Bond - Gov't/Treasury	₹218.82 Cr	4.03%
7.32% Govt Stock 2030	Bond - Gov't/Treasury	₹186.66 Cr	3.44%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹150.38 Cr	2.77%
Summit Digitel Infrastructure Limited	Bond - Corporate Bond	₹137.03 Cr	2.52%
7.18% Govt Stock 2037	Bond - Gov't/Treasury	₹136.68 Cr	2.52%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹125.42 Cr	2.31%
Power Finance Corp Ltd. 7.6%	Bond - Corporate Bond	₹125.38 Cr	2.31%
8.34% Govt Stock 2033	Bond - Gov't/Treasury	₹107.51 Cr	1.98%
7.26% Govt Stock 2033	Bond - Gov't/Treasury	₹106.5 Cr	1.96%
Small Industries Development Bank of India 7.75%	Bond - Corporate Bond	₹105.21 Cr	1.94%
Mahanagar Telephone Nigam Limited	Bond - Corporate Bond	₹102.91 Cr	1.90%
Reliance Jio Infratel Private Limited	Bond - Corporate Bond	₹100.22 Cr	1.85%
India Grid Trust	Bond - Corporate Bond	₹100.21 Cr	1.85%
Mahindra & Mahindra Financial Services Ltd. 8.25%	Bond - Corporate Bond	₹100.06 Cr	1.84%
Small Industries Development Bank of India 7.68%	Bond - Corporate Bond	₹100.05 Cr	1.84%
REC Ltd. 7.64%	Bond - Corporate Bond	₹100.04 Cr	1.84%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹99.36 Cr	1.83%
HDB Financial Services 7.5%	Bond - Corporate Bond	₹99.25 Cr	1.83%
Kotak Mahindra Prime Ltd. 8.2%	Bond - Corporate Bond	₹90.09 Cr	1.66%
State Bank Of India	Bond - Corporate Bond	₹87.9 Cr	1.62%
HDFC Bank Limited	Bond - Corporate Bond	₹75.6 Cr	1.39%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹74.84 Cr	1.38%
India Grid Trust 7.88%	Bond - Corporate Bond	₹70.36 Cr	1.30%
Tata Capital Limited	Bond - Corporate Bond	₹70.18 Cr	1.29%
Hdb Financial Services Limited	Bond - Corporate Bond	₹65.09 Cr	1.20%
7.1% Govt Stock 2034	Bond - Gov't/Treasury	₹60.49 Cr	1.11%
Larsen And Toubro Limited	Bond - Corporate Bond	₹55.25 Cr	1.02%
Power Finance Corporation Limited	Bond - Corporate Bond	₹50.33 Cr	0.93%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹50.25 Cr	0.93%
7.17% Govt Stock 2030	Bond - Gov't/Treasury	₹50.25 Cr	0.93%
HDFC Bank Limited	Bond - Corporate Bond	₹50.25 Cr	0.93%
India Grid Trust	Bond - Corporate Bond	₹50.16 Cr	0.92%
National Housing Bank	Bond - Corporate Bond	₹50.1 Cr	0.92%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹50.09 Cr	0.92%
Citicorp Finance (India) Limited	Bond - Corporate Bond	₹49.99 Cr	0.92%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹49.92 Cr	0.92%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹49.89 Cr	0.92%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹49.74 Cr	0.92%
Bajaj Finance Limited	Bond - Corporate Bond	₹49.73 Cr	0.92%
Tata Capital Housing Finance Limited	Bond - Corporate Bond	₹49.68 Cr	0.92%
Tata Capital Housing Finance Limited	Bond - Corporate Bond	₹49.63 Cr	0.91%
Summit Digitel Infrastructure Limited	Bond - Corporate Bond	₹49.23 Cr	0.91%
Hdb Financial Services Limited	Bond - Corporate Bond	₹49.15 Cr	0.91%
Tata Capital Housing Finance Limited	Bond - Corporate Bond	₹48.72 Cr	0.90%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹45.38 Cr	0.84%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹45.33 Cr	0.84%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹45.28 Cr	0.83%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹44.82 Cr	0.83%
Dme Development Limited	Bond - Corporate Bond	₹36.07 Cr	0.66%
Nuclear Power Corporation Of India Limited	Bond - Corporate Bond	₹35.19 Cr	0.65%
Tata Capital Housing Finance Limited	Bond - Corporate Bond	₹34.9 Cr	0.64%
Goi 12.09.2025 Gov	Bond - Gov't/Treasury	₹32.01 Cr	0.59%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹30.16 Cr	0.56%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹30 Cr	0.55%
ICICI Bank Limited	Bond - Corporate Bond	₹28.87 Cr	0.53%
Gscg 15sep2026	Bond - Gov't/Treasury	₹25.82 Cr	0.48%
Kerala (Government of) 7.53%	Bond - Sub-sovereign Government Debt	₹25.56 Cr	0.47%
HDFC Bank Limited	Bond - Corporate Bond	₹25.21 Cr	0.46%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹25.13 Cr	0.46%
Power Finance Corporation Limited	Bond - Corporate Bond	₹25.1 Cr	0.46%
Pipeline Infrastructure Ltd. 7.96%	Bond - Corporate Bond	₹25.08 Cr	0.46%
Jamnagar Utilities And Power Private Limited	Bond - Corporate Bond	₹25.06 Cr	0.46%
India Infradebt Limited	Bond - Corporate Bond	₹25.05 Cr	0.46%
Small Industries Development Bank of India 7.68%	Bond - Corporate Bond	₹25.01 Cr	0.46%
Mahindra And Mahindra Financial Services Limited	Bond - Corporate Bond	₹25 Cr	0.46%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹24.99 Cr	0.46%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹24.95 Cr	0.46%
Power Finance Corp Ltd. 7.55%	Bond - Corporate Bond	₹24.95 Cr	0.46%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹24.94 Cr	0.46%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹24.89 Cr	0.46%
Power Finance Corporation Limited	Bond - Corporate Bond	₹24.26 Cr	0.45%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹21.96 Cr	0.40%
Goi120327 Str	Bond - Gov't/Treasury	₹20.83 Cr	0.38%
Goi120327 Str	Bond - Gov't/Treasury	₹20.12 Cr	0.37%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹19.91 Cr	0.37%
Goi 19.03.2027 Gov	Bond - Gov't/Treasury	₹17.22 Cr	0.32%
Summit Digitel Infrastructure Limited	Bond - Corporate Bond	₹15.09 Cr	0.28%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹15.04 Cr	0.28%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹14.98 Cr	0.28%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹14.96 Cr	0.28%
Clearing Corporation Of India Ltd	Cash - Repurchase Agreement	₹14.46 Cr	0.27%
Goi 19.09.2025 Gov	Bond - Gov't/Treasury	₹14.3 Cr	0.26%
GS CG 22/2/2027 - (STRIPS) Strips	Bond - Gov't/Treasury	₹14.12 Cr	0.26%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2	Mutual Fund - Open End	₹13.79 Cr	0.25%
07.78 Bihar Gs 2031	Bond - Gov't/Treasury	₹10.24 Cr	0.19%
National Bank for Agriculture and Rural Development 7.62%	Bond - Gov't Agency Debt	₹10 Cr	0.18%
India Infradebt Limited	Bond - Corporate Bond	₹9.95 Cr	0.18%
India Infradebt Limited	Bond - Corporate Bond	₹9.41 Cr	0.17%
India (Republic of) 6.8%	Bond - Gov't/Treasury	₹8 Cr	0.15%
India (Republic of) 6.8%	Bond - Gov't/Treasury	₹7.72 Cr	0.14%
08.15 Tn SDL 2028	Bond - Gov't/Treasury	₹5.14 Cr	0.09%
HDFC Bank Limited	Bond - Corporate Bond	₹5.12 Cr	0.09%
7.25% Govt Stock 2063	Bond - Gov't/Treasury	₹5.1 Cr	0.09%
HDFC Bank Limited	Bond - Corporate Bond	₹5.03 Cr	0.09%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹5.01 Cr	0.09%
Rec Limited	Bond - Corporate Bond	₹5 Cr	0.09%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹4.97 Cr	0.09%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹4.9 Cr	0.09%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹4.09 Cr	0.08%
08.21 HR UDAY 2026	Bond - Gov't Agency Debt	₹3.37 Cr	0.06%
Power Finance Corporation Limited	Bond - Corporate Bond	₹2.02 Cr	0.04%
7.26% Govt Stock 2032	Bond - Gov't/Treasury	₹1.53 Cr	0.03%
7.37% Govt Stock 2028	Bond - Gov't/Treasury	₹1.43 Cr	0.03%
07.29 KA Sdl 2034	Bond - Gov't/Treasury	₹1.41 Cr	0.03%
Interest Rate Swaps Pay Floating Receive Fix -Hsbc Bank (12/04/2029) (Fv 50	Interest Rate Swap	₹0.17 Cr	0.00%
Interest Rate Swaps Pay Floating Receive Fix -Icisecpd (12/04/2029) (Fv 250	Interest Rate Swap	₹0.09 Cr	0.00%
Interest Rate Swaps Pay Floating Receive Fix -Hsbc Bank (21/03/2029) (Fv 25	Interest Rate Swap	₹0.03 Cr	0.00%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹3,714.71 Cr	68.44%
Bond - Gov't/Treasury	₹1,370.18 Cr	25.25%
Cash - Collateral	₹274.99 Cr	5.07%
Bond - Sub-sovereign Government Debt	₹25.56 Cr	0.47%
Cash - Repurchase Agreement	₹14.46 Cr	0.27%
Mutual Fund - Open End	₹13.79 Cr	0.25%
Bond - Gov't Agency Debt	₹13.37 Cr	0.25%
Interest Rate Swap	₹0.29 Cr	0.01%
Cash - CD/Time Deposit	₹0 Cr	-

Risk & Performance Ratios

Fund Managers

Devang Shah

Since July 2017

Hardik Shah

Since January 2022

Additional Scheme Detailsas of 15th July 2024

ISIN

INF846K01ZM8

Expense Ratio

0.30%

Exit Load

No Charges

Fund Size

₹5,427 Cr

Age

13 Jul 2017

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

IISL NIFTY Corporate Bond Index TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

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TrustMF Corporate Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹63.93 Cr	7.2%
Baroda BNP Paribas Corporate Bond Fund Regular Growth Moderate Risk	0.6%	0.0%	₹150.37 Cr	7.1%
Bandhan Corporate Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹13585.90 Cr	7.4%
Bandhan Corporate Bond Fund Regular Growth Moderate Risk	0.7%	0.0%	₹13585.90 Cr	7.0%
HDFC Corporate Bond Fund Regular Growth Moderate Risk	0.6%	0.0%	₹29258.43 Cr	7.7%
Sundaram Corporate Bond Fund Regular Growth Moderate Risk	0.6%	0.0%	₹706.76 Cr	7.1%
Franklin India Corporate Debt Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹770.80 Cr	6.8%
Nippon India Corporate Bond Fund Regular Growth Moderate Risk	0.7%	0.0%	₹3215.28 Cr	7.5%
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About the AMC

Axis Mutual Fund

+91 22 43255161

https://www.axismf.com/

Total AUM

₹2,86,505 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth Moderate Risk	-	0.0%	-	-
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹98.28 Cr	-
Axis India Manufacturing Fund Direct Growth Very High Risk	0.3%	1.0%	₹5909.15 Cr	-
Axis Fixed Term Plan Series 118 100 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 113 1228 Days Direct Growth Low to Moderate Risk	-	0.0%	-	7.2%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 105 1128 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 112 1143 Days Direct Growth Low to Moderate Risk	-	0.0%	-	7.6%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹78.97 Cr	7.6%
Axis Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹13698.76 Cr	7.1%
Axis Global Equity Alpha Fund of Fund Direct Growth Very High Risk	0.8%	1.0%	₹895.88 Cr	20.9%
Axis Nifty Smallcap 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹357.40 Cr	67.1%
Axis Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹12721.36 Cr	31.7%
Axis Money Market Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹12240.98 Cr	7.7%
Axis Equity Hybrid Fund Direct Growth Very High Risk	1.0%	1.0%	₹1643.44 Cr	23.3%
Axis Special Situations Fund Direct Growth Very High Risk	1.3%	1.0%	₹1270.83 Cr	34.5%
Axis Corporate Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹5427.34 Cr	7.8%
Axis ESG Equity Fund Direct Growth Very High Risk	1.3%	1.0%	₹1390.64 Cr	30.8%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹5237.74 Cr	8.4%
Axis Greater China Equity Fund of Fund Direct Growth Very High Risk	0.6%	1.0%	₹187.60 Cr	-2.8%
Axis Value Fund Direct Growth Very High Risk	1.0%	1.0%	₹619.87 Cr	48.4%
Axis All Seasons Debt Fund of Funds Direct Growth Moderately High risk	0.2%	1.0%	₹175.40 Cr	8.2%
Axis Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹422.07 Cr	9.4%
Axis Bluechip Fund Direct Growth Very High Risk	0.7%	1.0%	₹34520.15 Cr	27.1%
Axis Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1677.60 Cr	7.4%
Axis Gold Fund Direct Growth High Risk	0.2%	1.0%	₹501.03 Cr	22.1%
Axis Focused 25 Fund Direct Growth Very High Risk	0.8%	1.0%	₹13880.51 Cr	24.2%
Axis Regular Saver Fund Direct Growth Very High Risk	0.8%	1.0%	₹305.95 Cr	11.1%
Axis Strategic Bond Fund Direct Growth Moderately High risk	0.4%	1.0%	₹1937.72 Cr	8.4%
Axis Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹37106.30 Cr	30.3%
Axis Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹8269.80 Cr	7.7%
Axis Liquid Fund Direct Growth Moderate Risk	0.2%	0.0%	₹29924.59 Cr	7.4%
Axis Multi Asset Allocation Fund Direct Growth Very High Risk	1.1%	1.0%	₹1245.86 Cr	22.8%
Axis Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹30143.58 Cr	44.9%
Axis Treasury Advantage Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5003.40 Cr	7.6%
Axis Equity Saver Fund Direct Growth Moderately High risk	1.0%	1.0%	₹938.20 Cr	18.6%
Axis Balanced Advantage Fund Direct Growth Moderately High risk	0.9%	1.0%	₹2322.48 Cr	28.6%
Axis Nifty Midcap 50 Index Fund Direct Growth Low Risk	0.2%	0.0%	₹351.55 Cr	51.4%
Axis Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹113.87 Cr	36.7%
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹33.76 Cr	7.6%
Axis Credit Risk Fund Direct Growth Moderately High risk	0.8%	1.0%	₹445.63 Cr	8.1%
Axis Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4947.39 Cr	7.7%
Axis Multicap Fund Direct Growth Very High Risk	0.6%	1.0%	₹5973.27 Cr	50.6%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹69.66 Cr	7.6%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth Low to Moderate Risk	0.1%	0.0%	₹291.10 Cr	7.4%
Axis Silver Fund of Funds Direct Growth Very High Risk	0.1%	0.0%	₹42.70 Cr	10.0%
Axis Nifty Next 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹244.31 Cr	62.5%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹571.26 Cr	7.2%
Axis Long Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹304.68 Cr	10.3%
Axis Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹482.49 Cr	25.1%

Risk Level

Your principal amount will be at Moderate Risk

Still got questions?
We're here to help.

What is the current NAV of Axis Corporate Debt Fund Direct Growth?

The NAV of Axis Corporate Debt Fund Direct Growth, as of 25-Jul-2024, is ₹16.59.

What are the returns of Axis Corporate Debt Fund Direct Growth?

The fund has generated 7.85% over the last 1 year and 6.26% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Axis Corporate Debt Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 93.95% in bonds, and 5.79% in cash and cash equivalents.

Who manages the Axis Corporate Debt Fund Direct Growth?

The fund managers responsible for Axis Corporate Debt Fund Direct Growth are:-

Devang Shah
Hardik Shah

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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