Axis Credit Risk Fund Direct Growth

Fund Overview

Fund Size

₹461 Cr

Expense Ratio

0.80%

ISIN

INF846K01PJ5

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

15 Jul 2014

About this fund

Axis Credit Risk Fund Direct Growth is a Credit Risk mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 9 years, 10 months and 3 days, having been launched on 15-Jul-14.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹21.60, Assets Under Management (AUM) of 460.54 Crores, and an expense ratio of 0.8%.

Axis Credit Risk Fund Direct Growth has given a CAGR return of 8.14% since inception.
The fund's asset allocation comprises around 0.00% in equities, 86.02% in debts, and 13.63% in cash & cash equivalents.
You can start investing in Axis Credit Risk Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹5000.

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

+7.62%

+6.36% (Cat Avg.)

3 Years

+6.61%

+8.91% (Cat Avg.)

5 Years

+6.91%

+4.92% (Cat Avg.)

Since Inception

+8.14%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Debt	₹396.17 Cr	86.02%
Others	₹64.37 Cr	13.98%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
7.26% Govt Stock 2033	Bond - Gov't/Treasury	₹50.63 Cr	10.99%
Motherson Sumi Systems Limited	Bond - Corporate Bond	₹26.92 Cr	5.85%
Tata Projects Limited	Bond - Corporate Bond	₹24 Cr	5.21%
Godrej Housing Finance Limited	Bond - Corporate Bond	₹23.45 Cr	5.09%
Birla Corporation Limited	Bond - Corporate Bond	₹23.08 Cr	5.01%
Godrej Industries Limited	Bond - Corporate Bond	₹20.01 Cr	4.35%
7.18% Govt Stock 2033	Bond - Gov't/Treasury	₹19.98 Cr	4.34%
Nexus Select Trust	Bond - Corporate Bond	₹19.91 Cr	4.32%
Sepset Constructions Limited	Bond - Corporate Bond	₹17.7 Cr	3.84%
Nirma Limited	Bond - Corporate Bond	₹15.01 Cr	3.26%
Nuvoco Vistas Corporation Limited	Bond - Corporate Bond	₹14.99 Cr	3.25%
Aadhar Housing Finance Ltd. 8.65%	Bond - Corporate Bond	₹14.98 Cr	3.25%
Dlf Home Developers Limited 8.5%	Bond - Corporate Bond	₹14.98 Cr	3.25%
Century Textiles And Industried Limited	Bond - Corporate Bond	₹14.97 Cr	3.25%
G R Infraprojects Limited	Bond - Corporate Bond	₹11.99 Cr	2.60%
Net Receivables / (Payables)	Cash	₹11.45 Cr	2.49%
Grameen Koota Financial Services Private Limited	Bond - Corporate Bond	₹11.01 Cr	2.39%
Veritas Finance Private Limited	Bond - Corporate Bond	₹10 Cr	2.17%
Mindspace Business Parks Reit	Bond - Corporate Bond	₹9.96 Cr	2.16%
Indostar Capital Finance Limited	Bond - Corporate Bond	₹9.94 Cr	2.16%
Greenlam Industries Limited	Bond - Corporate Bond	₹9.88 Cr	2.15%
Bharti Telecom Limited	Bond - Corporate Bond	₹9.01 Cr	1.96%
Spandana Sphoorty Financial Ltd. 10.75%	Bond - Corporate Bond	₹8.97 Cr	1.95%
Magma Housing Finance Limited	Bond - Corporate Bond	₹7.49 Cr	1.63%
Aadhar Housing Finance Limited	Bond - Corporate Bond	₹6.97 Cr	1.51%
Kogta Financial (India) Limited	Bond - Corporate Bond	₹5.43 Cr	1.18%
Clearing Corporation Of India Ltd	Cash - Repurchase Agreement	₹5.14 Cr	1.12%
Oriental Nagpur Betul Highway Limited	Bond - Corporate Bond	₹4.99 Cr	1.08%
Sundew Properties Limited	Bond - Corporate Bond	₹4.99 Cr	1.08%
Ess KAy Auto Finance Private Limited	Bond - Corporate Bond	₹4.98 Cr	1.08%
Priapus Infrastructure Limited	Bond - Corporate Bond	₹4.7 Cr	1.02%
DLF Cyber City Developers Limited 8.4%	Bond - Corporate Bond	₹4 Cr	0.87%
Dlf Cyber City Developers Ltd	Bond - Corporate Bond	₹3.97 Cr	0.86%
Citra Real Estate Limited	Bond - Corporate Bond	₹3.84 Cr	0.83%
J. K. Cement Limited.	Bond - Corporate Bond	₹2.99 Cr	0.65%
SK Finance Limited	Bond - Corporate Bond	₹2.43 Cr	0.53%
FIRST BUSINESS RECEIVABLES TRUST	Bond - Asset Backed	₹1.94 Cr	0.42%
7.18% Govt Stock 2037	Bond - Gov't/Treasury	₹1.74 Cr	0.38%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2	Mutual Fund - Open End	₹1.59 Cr	0.34%
7.59% Govt Stock 2029	Bond - Gov't/Treasury	₹0.51 Cr	0.11%
7.59% Govt Stock 2026	Bond - Gov't/Treasury	₹0.06 Cr	0.01%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹367.51 Cr	79.80%
Bond - Gov't/Treasury	₹72.92 Cr	15.83%
Cash	₹11.45 Cr	2.49%
Cash - Repurchase Agreement	₹5.14 Cr	1.12%
Bond - Asset Backed	₹1.94 Cr	0.42%
Mutual Fund - Open End	₹1.59 Cr	0.34%

Risk & Performance Ratios

Standard Deviation

This fund

0.95%

Cat. avg.

8.06%

Lower the better

Sharpe Ratio

This fund

1.14

Cat. avg.

0.24

Higher the better

Sortino Ratio

This fund

Cat. avg.

7.23

Higher the better

Fund Managers

Devang Shah

Since July 2014

Akhil Thakker

Since November 2021

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF846K01PJ5		Expense Ratio	0.80%		Exit Load	1.00%		Fund Size	₹461 Cr		Age	15 Jul 2014		Lumpsum Minimum	₹5,000		Fund Status	Open Ended Investment Company		Benchmark	IISL NIFTY Credit Risk 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.

Similar Credit Risk Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bandhan Credit Risk Fund Regular Growth Moderately High risk	1.7%	1.0%	₹350.99 Cr	6.0%
Bandhan Credit Risk Fund Direct Growth Moderately High risk	0.7%	1.0%	₹350.99 Cr	7.1%
Aditya BSL Credit Risk Fund Regular Growth Moderately High risk	1.6%	3.0%	₹928.77 Cr	6.7%
Aditya BSL Credit Risk Fund Direct Growth Moderately High risk	0.7%	3.0%	₹928.77 Cr	7.7%
Baroda BNP Paribas Credit Risk Fund Regular Growth Moderately High risk	1.6%	1.0%	₹154.40 Cr	7.3%
Baroda BNP Paribas Credit Risk Fund Direct Growth Moderately High risk	0.8%	1.0%	₹154.40 Cr	8.1%
UTI Credit Risk Fund Regular Growth Moderately High risk	1.6%	1.0%	₹392.01 Cr	6.4%
Nippon India Credit Risk Fund Regular Growth High Risk	1.4%	1.0%	₹1024.35 Cr	7.5%
SBI Credit Risk Fund Regular Growth High Risk	1.6%	3.0%	₹2478.65 Cr	6.8%
DSP Credit Risk Fund Regular Growth Moderately High risk	1.2%	1.0%	₹193.84 Cr	15.2%

About the AMC

Axis Mutual Fund

+91 22 43255161

https://www.axismf.com/

Total AUM

₹2,79,542 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%	₹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%	-	6.9%
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%	-	6.7%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹77.96 Cr	6.9%
Axis Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹13655.95 Cr	6.7%
Axis Global Equity Alpha Fund of Fund Direct Growth Very High Risk	1.0%	1.0%	₹880.21 Cr	26.3%
Axis Nifty Smallcap 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹293.15 Cr	72.5%
Axis Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹5310.41 Cr	33.3%
Axis Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹8551.93 Cr	7.6%
Axis Equity Hybrid Fund Direct Growth Very High Risk	1.0%	1.0%	₹1588.78 Cr	21.0%
Axis Special Situations Fund Direct Growth Very High Risk	1.2%	1.0%	₹1216.85 Cr	35.9%
Axis Corporate Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹5336.26 Cr	7.3%
Axis ESG Equity Fund Direct Growth Very High Risk	1.2%	1.0%	₹1362.05 Cr	29.4%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹4177.79 Cr	8.3%
Axis Greater China Equity Fund of Fund Direct Growth Very High Risk	0.6%	1.0%	₹146.76 Cr	4.4%
Axis Value Fund Direct Growth Very High Risk	1.1%	1.0%	₹531.98 Cr	50.7%
Axis All Seasons Debt Fund of Funds Direct Growth Moderately High risk	0.2%	1.0%	₹172.61 Cr	7.1%
Axis Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹328.09 Cr	7.8%
Axis Bluechip Fund Direct Growth Very High Risk	0.6%	1.0%	₹33351.61 Cr	28.6%
Axis Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1713.46 Cr	6.4%
Axis Gold Fund Direct Growth High Risk	0.2%	1.0%	₹482.60 Cr	20.0%
Axis Focused 25 Fund Direct Growth Very High Risk	0.8%	1.0%	₹13893.00 Cr	26.7%
Axis Regular Saver Fund Direct Growth Very High Risk	0.8%	1.0%	₹336.50 Cr	10.0%
Axis Strategic Bond Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1970.65 Cr	7.6%
Axis Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹35641.94 Cr	31.8%
Axis Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹7944.42 Cr	7.1%
Axis Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹32647.93 Cr	7.4%
Axis Multi Asset Allocation Fund Direct Growth Very High Risk	1.3%	1.0%	₹1202.42 Cr	21.1%
Axis Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹26636.78 Cr	45.2%
Axis Treasury Advantage Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5464.57 Cr	7.5%
Axis Equity Saver Fund Direct Growth Moderately High risk	1.1%	1.0%	₹907.89 Cr	18.7%
Axis Balanced Advantage Fund Direct Growth Moderately High risk	0.9%	1.0%	₹2123.94 Cr	26.9%
Axis Nifty Midcap 50 Index Fund Direct Growth Low Risk	0.2%	0.0%	₹280.68 Cr	56.8%
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 Cr	6.6%
Axis Credit Risk Fund Direct Growth Moderately High risk	0.8%	1.0%	₹460.54 Cr	7.6%
Axis Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4651.04 Cr	7.6%
Axis Multicap Fund Direct Growth Very High Risk	0.7%	1.0%	₹5310.41 Cr	50.4%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹68.60 Cr	6.6%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth Low to Moderate Risk	0.1%	0.0%	₹291.83 Cr	6.6%
Axis Silver Fund of Funds Direct Growth Very High Risk	0.1%	0.0%	₹37.60 Cr	18.8%
Axis Nifty Next 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹165.80 Cr	64.7%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹541.26 Cr	7.0%
Axis Long Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹249.29 Cr	6.8%
Axis Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹449.43 Cr	24.6%

Risk Level

Your principal amount will be at Moderately High risk

Still got questions?
We're here to help.

What is the current NAV of Axis Credit Risk Fund Direct Growth?

The NAV of Axis Credit Risk Fund Direct Growth, as of 17-May-2024, is ₹21.60.

What are the returns of Axis Credit Risk Fund Direct Growth?

The fund has generated 7.62% over the last 1 year and 6.61% 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 Credit Risk Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 86.02% in bonds, and 13.63% in cash and cash equivalents.

Who manages the Axis Credit Risk Fund Direct Growth?

The fund managers responsible for Axis Credit Risk Fund Direct Growth are:-

Devang Shah
Akhil Thakker

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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Axis Credit Risk Fund Direct Growth

Fund Overview