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Fund Overview

Fund Size

Fund Size

₹5,282 Cr

Expense Ratio

Expense Ratio

0.30%

ISIN

ISIN

INF846K01ZM8

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

No Charges

Inception Date

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 6 years, 10 months and 30 days, having been launched on 13-Jul-17.
As of 11-Jun-24, it has a Net Asset Value (NAV) of ₹16.39, Assets Under Management (AUM) of 5282.11 Crores, and an expense ratio of 0.3%.
  • Axis Corporate Debt Fund Direct Growth has given a CAGR return of 7.41% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 95.42% in debts, and 4.35% 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

+7.43%

+5.63% (Cat Avg.)

3 Years

+5.93%

+4.53% (Cat Avg.)

5 Years

+7.68%

+6.00% (Cat Avg.)

Since Inception

+7.41%

(Cat Avg.)

Portfolio Summaryas of 31st May 2024

Debt5,039.95 Cr95.42%
Others242.16 Cr4.58%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
7.18% Govt Stock 2033Bond - Gov't/Treasury327.92 Cr6.21%
7.32% Govt Stock 2030Bond - Gov't/Treasury282.4 Cr5.35%
6.54% Govt Stock 2032Bond - Gov't/Treasury218.09 Cr4.13%
Bajaj Housing Finance Ltd. 8.1%Bond - Corporate Bond175.51 Cr3.32%
7.26% Govt Stock 2033Bond - Gov't/Treasury156.88 Cr2.97%
Summit Digitel Infrastructure LimitedBond - Corporate Bond136.62 Cr2.59%
7.18% Govt Stock 2037Bond - Gov't/Treasury136.24 Cr2.58%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond125.21 Cr2.37%
Power Finance Corp Ltd. 7.6%Bond - Corporate Bond125.01 Cr2.37%
Mahanagar Telephone Nigam LimitedBond - Corporate Bond112.04 Cr2.12%
8.34% Govt Stock 2033Bond - Gov't/Treasury106.99 Cr2.03%
HDB Financial Services 8.3439%Bond - Corporate Bond105.04 Cr1.99%
Summit Digitel Infrastructure Limited 7.89%Bond - Corporate Bond100.42 Cr1.90%
Kotak Mahindra Prime Ltd. 8.2%Bond - Corporate Bond100.09 Cr1.89%
Mahindra & Mahindra Financial Services Ltd. 8.25%Bond - Corporate Bond100.03 Cr1.89%
REC Ltd. 7.64%Bond - Corporate Bond99.95 Cr1.89%
Small Industries Development Bank of India 7.68%Bond - Corporate Bond99.95 Cr1.89%
Kotak Mahindra Prime LimitedBond - Corporate Bond99.01 Cr1.87%
HDB Financial Services 7.5%Bond - Corporate Bond98.99 Cr1.87%
Net Receivables / (Payables)Cash91.32 Cr1.73%
State Bank Of IndiaBond - Corporate Bond87.57 Cr1.66%
Small Industries Development Bank of India 7.75%Bond - Corporate Bond80.08 Cr1.52%
HDFC Bank LimitedBond - Corporate Bond75.27 Cr1.42%
Small Industries Development Bank Of IndiaBond - Corporate Bond74.76 Cr1.42%
India Grid Trust 7.88%Bond - Corporate Bond70.16 Cr1.33%
Tata Capital LimitedBond - Corporate Bond70.06 Cr1.33%
Larsen And Toubro LimitedBond - Corporate Bond55.31 Cr1.05%
Power Finance Corporation LimitedBond - Corporate Bond50.34 Cr0.95%
India Grid TrustBond - Corporate Bond50.15 Cr0.95%
HDFC Bank LimitedBond - Corporate Bond50.13 Cr0.95%
7.17% Govt Stock 2030Bond - Gov't/Treasury50.12 Cr0.95%
Kotak Mahindra Investments Limited 8.1577%Bond - Corporate Bond49.98 Cr0.95%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit49.94 Cr0.95%
National Bank for Agriculture and Rural Development 7.62%Bond - Gov't Agency Debt49.92 Cr0.95%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond49.89 Cr0.94%
Bajaj Housing Finance LimitedBond - Corporate Bond49.87 Cr0.94%
Power Finance Corporation Ltd.Bond - Corporate Bond49.71 Cr0.94%
Tata Capital Housing Finance Ltd. 7.8%Bond - Corporate Bond49.61 Cr0.94%
Bajaj Finance Ltd. 7.82%Bond - Corporate Bond49.59 Cr0.94%
Tata Capital Housing Finance LimitedBond - Corporate Bond49.58 Cr0.94%
Summit Digitel Infrastructure LimitedBond - Corporate Bond49.3 Cr0.93%
Tata Capital Housing Finance LimitedBond - Corporate Bond48.59 Cr0.92%
Power Grid Corporation Of India LimitedBond - Corporate Bond45.35 Cr0.86%
Power Grid Corporation Of India LimitedBond - Corporate Bond45.29 Cr0.86%
Small Industries Development Bank Of IndiaBond - Corporate Bond45.25 Cr0.86%
Bajaj Housing Finance LimitedBond - Corporate Bond44.79 Cr0.85%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond39.87 Cr0.75%
Dme Development LimitedBond - Corporate Bond35.81 Cr0.68%
Nuclear Power Corporation Of India LimitedBond - Corporate Bond35.11 Cr0.66%
Kotak Mahindra Prime Ltd. 8.225%Bond - Corporate Bond35.08 Cr0.66%
Tata Capital Housing Finance LimitedBond - Corporate Bond34.85 Cr0.66%
Goi 12.09.2025 GovBond - Gov't/Treasury31.69 Cr0.60%
Power Finance Corporation Ltd.Bond - Corporate Bond30.17 Cr0.57%
Small Industries Development Bank Of IndiaBond - Corporate Bond29.98 Cr0.57%
ICICI Bank LimitedBond - Corporate Bond28.81 Cr0.55%
Gscg 15sep2026Bond - Gov't/Treasury25.54 Cr0.48%
Kerala (Government of) 7.53%Bond - Sub-sovereign Government Debt25.47 Cr0.48%
HDFC Bank LimitedBond - Corporate Bond25.21 Cr0.48%
Rural Electrification Corporation LimitedBond - Corporate Bond25.14 Cr0.48%
Jamnagar Utilities And Power Private LimitedBond - Corporate Bond25.12 Cr0.48%
Power Finance Corporation LimitedBond - Corporate Bond25.1 Cr0.48%
Indian Railway Finance Corporation LimitedBond - Corporate Bond25.1 Cr0.48%
Pipeline Infrastructure Ltd. 7.96%Bond - Corporate Bond25.07 Cr0.47%
India Infradebt LimitedBond - Corporate Bond25.06 Cr0.47%
HDFC Bank LimitedBond - Corporate Bond25.03 Cr0.47%
Small Industries Development Bank of India 7.68%Bond - Corporate Bond24.98 Cr0.47%
Mahindra And Mahindra Financial Services LimitedBond - Corporate Bond24.97 Cr0.47%
Rural Electrification Corporation LimitedBond - Corporate Bond24.97 Cr0.47%
Power Finance Corp Ltd. 7.55%Bond - Corporate Bond24.93 Cr0.47%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond24.9 Cr0.47%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit24.9 Cr0.47%
Power Grid Corporation Of India LimitedBond - Corporate Bond21.95 Cr0.42%
Goi120327 StrBond - Gov't/Treasury20.57 Cr0.39%
National Bank for Agriculture and Rural Development 7.68%Bond - Gov't Agency Debt20.02 Cr0.38%
ICICI Bank LimitedCash - CD/Time Deposit19.96 Cr0.38%
Power Grid Corporation Of India LimitedBond - Corporate Bond19.87 Cr0.38%
Goi120327 StrBond - Gov't/Treasury19.85 Cr0.38%
Clearing Corporation Of India LtdCash - Repurchase Agreement18.43 Cr0.35%
Goi 19.03.2027 GovBond - Gov't/Treasury17 Cr0.32%
Summit Digitel Infrastructure LimitedBond - Corporate Bond15.08 Cr0.29%
Indian Railway Finance Corporation LimitedBond - Corporate Bond15.02 Cr0.28%
Power Finance Corporation Ltd.Bond - Corporate Bond14.97 Cr0.28%
Goi 19.09.2025 GovBond - Gov't/Treasury14.16 Cr0.27%
GS CG 22/2/2027 - (STRIPS) StripsBond - Gov't/Treasury13.94 Cr0.26%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2Mutual Fund - Open End12.64 Cr0.24%
07.78 Bihar Gs 2031Bond - Gov't/Treasury10.19 Cr0.19%
India Infradebt LimitedBond - Corporate Bond9.93 Cr0.19%
India Infradebt LimitedBond - Corporate Bond9.41 Cr0.18%
India (Republic of) 6.8%Bond - Gov't/Treasury7.88 Cr0.15%
India (Republic of) 6.8%Bond - Gov't/Treasury7.61 Cr0.14%
08.15 Tn SDL 2028Bond - Gov't/Treasury5.13 Cr0.10%
HDFC Bank LimitedBond - Corporate Bond5.12 Cr0.10%
7.25% Govt Stock 2063Bond - Gov't/Treasury5.06 Cr0.10%
Small Industries Development Bank Of IndiaBond - Corporate Bond5.01 Cr0.09%
Rec LimitedBond - Corporate Bond5 Cr0.09%
HDFC Bank LimitedBond - Corporate Bond5 Cr0.09%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond4.89 Cr0.09%
Small Industries Development Bank Of IndiaBond - Corporate Bond4.08 Cr0.08%
7.1% Govt Stock 2034Bond - Gov't/Treasury3.4 Cr0.06%
08.21 HR UDAY 2026Bond - Gov't Agency Debt3.36 Cr0.06%
Power Finance Corporation LimitedBond - Corporate Bond2.02 Cr0.04%
7.26% Govt Stock 2032Bond - Gov't/Treasury1.53 Cr0.03%
7.37% Govt Stock 2028Bond - Gov't/Treasury1.43 Cr0.03%
07.29 KA Sdl 2034Bond - Gov't/Treasury1.41 Cr0.03%
Interest Rate Swaps Pay Floating Receive Fix -Hsbc Bank (21/03/2029) (Fv 25Interest Rate Swap-0.04 Cr0.00%
Interest Rate Swaps Pay Floating Receive Fix -Hsbc Bank (12/04/2029) (Fv 50Interest Rate Swap0.04 Cr0.00%
Interest Rate Swaps Pay Floating Receive Fix -Icisecpd (12/04/2029) (Fv 250Interest Rate Swap0.02 Cr0.00%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond3,501.1 Cr66.28%
Bond - Gov't/Treasury1,465.03 Cr27.74%
Cash - CD/Time Deposit94.81 Cr1.79%
Cash91.32 Cr1.73%
Bond - Gov't Agency Debt73.3 Cr1.39%
Bond - Sub-sovereign Government Debt25.47 Cr0.48%
Cash - Repurchase Agreement18.43 Cr0.35%
Mutual Fund - Open End12.64 Cr0.24%
Interest Rate Swap0.02 Cr0.00%

Risk & Performance Ratios

Standard Deviation

This fund

1.06%

Cat. avg.

1.63%

Lower the better

Sharpe Ratio

This fund

0.37

Cat. avg.

-0.49

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

-0.52

Higher the better

Fund Managers

Devang Shah

Devang Shah

Since July 2017

Hardik Shah

Hardik Shah

Since January 2022

Additional Scheme Detailsas of 31st May 2024

ISININF846K01ZM8Expense Ratio0.30%Exit LoadNo ChargesFund Size₹5,282 CrAge13 Jul 2017Lumpsum Minimum₹100Fund StatusOpen Ended Investment CompanyBenchmarkIISL NIFTY Corporate Bond Index TR INR

Investment ObjectiveInvestment 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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About the AMC

Total AUM

₹2,83,506 Cr

Address

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

Other Funds by Axis Mutual Fund

Fund nameExpense RatioExit LoadFund 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%₹96.79 Cr-
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.4%1.0%₹4683.25 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%-7.0%
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%-7.0%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹77.96 Cr7.1%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹13660.32 Cr6.8%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

1.0%1.0%₹884.80 Cr22.5%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹310.57 Cr72.5%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹12011.72 Cr34.6%
Axis Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹8369.16 Cr7.7%
Axis Equity Hybrid Fund Direct Growth

Very High Risk

1.0%1.0%₹1575.04 Cr22.4%
Axis Special Situations Fund Direct Growth

Very High Risk

1.2%1.0%₹1208.96 Cr35.3%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹5282.11 Cr7.4%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.2%1.0%₹1338.05 Cr30.1%
Axis Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹4938.62 Cr8.4%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.6%1.0%₹173.58 Cr1.5%
Axis Value Fund Direct Growth

Very High Risk

1.1%1.0%₹562.25 Cr51.1%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderately High risk

0.2%1.0%₹175.96 Cr7.4%
Axis Gilt Fund Direct Growth

Moderate Risk

0.4%0.0%₹353.85 Cr8.5%
Axis Bluechip Fund Direct Growth

Very High Risk

0.6%1.0%₹32707.97 Cr29.4%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1702.66 Cr6.5%
Axis Gold Fund Direct Growth

High Risk

0.2%1.0%₹495.31 Cr18.5%
Axis Focused 25 Fund Direct Growth

Very High Risk

0.8%1.0%₹13341.11 Cr26.9%
Axis Regular Saver Fund Direct Growth

Very High Risk

0.8%1.0%₹330.09 Cr10.7%
Axis Strategic Bond Fund Direct Growth

Moderately High risk

0.3%1.0%₹1931.97 Cr7.9%
Axis Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹34895.64 Cr29.8%
Axis Short Term Fund Direct Growth

Moderate Risk

0.3%0.0%₹8006.89 Cr7.3%
Axis Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹36518.03 Cr7.4%
Axis Multi Asset Allocation Fund Direct Growth

Very High Risk

1.3%1.0%₹1197.41 Cr21.7%
Axis Midcap Fund Direct Growth

Very High Risk

0.5%1.0%₹27747.62 Cr46.2%
Axis Treasury Advantage Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹5468.05 Cr7.5%
Axis Equity Saver Fund Direct Growth

Moderately High risk

1.1%1.0%₹900.23 Cr19.0%
Axis Balanced Advantage Fund Direct Growth

Moderately High risk

0.9%1.0%₹2183.67 Cr28.4%
Axis Nifty Midcap 50 Index Fund Direct Growth

Low Risk

0.2%0.0%₹313.07 Cr56.3%
Axis Nifty IT Index Fund Direct Growth

Very High Risk

0.3%0.0%₹105.45 Cr-
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹34.01 Cr7.0%
Axis Credit Risk Fund Direct Growth

Moderately High risk

0.8%1.0%₹452.65 Cr7.9%
Axis Ultra Short Term Fund Direct Growth

Moderate Risk

0.3%0.0%₹5152.32 Cr7.7%
Axis Multicap Fund Direct Growth

Very High Risk

0.7%1.0%₹5473.59 Cr52.7%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹68.60 Cr6.9%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth

Low to Moderate Risk

0.1%0.0%₹292.84 Cr6.5%
Axis Silver Fund of Funds Direct Growth

Very High Risk

0.1%0.0%₹37.60 Cr19.2%
Axis Nifty Next 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹197.81 Cr63.3%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹543.68 Cr7.1%
Axis Long Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹249.29 Cr8.8%
Axis Nifty 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹449.68 Cr26.4%

Risk Level

Your principal amount will be at Moderate Risk

Moderate Risk
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The NAV of Axis Corporate Debt Fund Direct Growth, as of 11-Jun-2024, is ₹16.39.
The fund has generated 7.43% over the last 1 year and 5.93% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 95.42% in bonds, and 4.35% in cash and cash equivalents.
The fund managers responsible for Axis Corporate Debt Fund Direct Growth are:-
  1. Devang Shah
  2. Hardik Shah