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Fund Overview

Fund Size

Fund Size

₹464 Cr

Expense Ratio

Expense Ratio

0.80%

ISIN

ISIN

INF846K01PJ5

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

1.00%

Inception Date

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, 8 months and 30 days, having been launched on 15-Jul-14.
As of 12-Apr-24, it has a Net Asset Value (NAV) of ₹21.44, Assets Under Management (AUM) of 463.99 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, 93.07% in debts, and 6.59% 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

+7.78%

+6.51%(Cat. Avg.)

3 Years

+6.69%

+8.96%(Cat. Avg.)

5 Years

+6.87%

+4.67%(Cat. Avg.)

Since Inception

+8.14%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Debt431.85 Cr93.07%
Others32.15 Cr6.93%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
7.26% Govt Stock 2033Bond - Gov't/Treasury51.07 Cr11.01%
Motherson Sumi Systems LimitedBond - Corporate Bond29.94 Cr6.45%
Tata Projects LimitedBond - Corporate Bond24.09 Cr5.19%
Godrej Housing Finance LimitedBond - Corporate Bond23.44 Cr5.05%
Birla Corporation LimitedBond - Corporate Bond23.1 Cr4.98%
Godrej Industries LimitedBond - Corporate Bond20.02 Cr4.31%
Nexus Select TrustBond - Corporate Bond19.92 Cr4.29%
Sepset Constructions LimitedBond - Corporate Bond17.66 Cr3.81%
JM Financial Credit Solutions LimitedBond - Corporate Bond15.54 Cr3.35%
Pipeline Infrastructure Ltd. 7.96%Bond - Corporate Bond15.1 Cr3.26%
Nirma LimitedBond - Corporate Bond15.04 Cr3.24%
Aadhar Housing Finance Ltd. 8.65%Bond - Corporate Bond15.01 Cr3.23%
Dlf Home Developers Limited 8.5%Bond - Corporate Bond14.99 Cr3.23%
Century Textiles And Industried LimitedBond - Corporate Bond14.98 Cr3.23%
Nuvoco Vistas Corporation LimitedBond - Corporate Bond14.97 Cr3.23%
G R Infraprojects LimitedBond - Corporate Bond11.96 Cr2.58%
Grameen Koota Financial Services Private LimitedBond - Corporate Bond11.01 Cr2.37%
Mindspace Business Parks ReitBond - Corporate Bond9.97 Cr2.15%
Veritas Finance Private LimitedBond - Corporate Bond9.97 Cr2.15%
Indostar Capital Finance LimitedBond - Corporate Bond9.95 Cr2.14%
Greenlam Industries LimitedBond - Corporate Bond9.87 Cr2.13%
Spandana Sphoorty Financial Ltd. 10.75%Bond - Corporate Bond8.97 Cr1.93%
Net Receivables / (Payables)Cash8.96 Cr1.93%
Magma Housing Finance LimitedBond - Corporate Bond7.48 Cr1.61%
Aadhar Housing Finance LimitedBond - Corporate Bond6.98 Cr1.50%
Kogta Financial (India) LimitedBond - Corporate Bond5.85 Cr1.26%
Oriental Nagpur Betul Highway LimitedBond - Corporate Bond4.98 Cr1.07%
Ess KAy Auto Finance Private LimitedBond - Corporate Bond4.98 Cr1.07%
Sundew Properties LimitedBond - Corporate Bond4.97 Cr1.07%
Priapus Infrastructure LimitedBond - Corporate Bond4.69 Cr1.01%
Clearing Corporation Of India LtdCash - Repurchase Agreement4.66 Cr1.00%
DLF Cyber City Developers Limited 8.4%Bond - Corporate Bond3.99 Cr0.86%
Dlf Cyber City Developers LtdBond - Corporate Bond3.96 Cr0.85%
Citra Real Estate LimitedBond - Corporate Bond3.83 Cr0.83%
SK Finance LimitedBond - Corporate Bond3.01 Cr0.65%
J. K. Cement Limited.Bond - Corporate Bond2.98 Cr0.64%
7.18% Govt Stock 2037Bond - Gov't/Treasury2.02 Cr0.43%
FIRST BUSINESS RECEIVABLES TRUSTBond - Asset Backed1.92 Cr0.41%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2Mutual Fund - Open End1.58 Cr0.34%
7.59% Govt Stock 2029Bond - Gov't/Treasury0.51 Cr0.11%
7.59% Govt Stock 2026Bond - Gov't/Treasury0.06 Cr0.01%

Allocation By Credit Quality (Debt)

AAA

AA

A

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond393.21 Cr84.74%
Bond - Gov't/Treasury53.66 Cr11.56%
Cash8.96 Cr1.93%
Cash - Repurchase Agreement4.66 Cr1.00%
Bond - Asset Backed1.92 Cr0.41%
Mutual Fund - Open End1.58 Cr0.34%

Risk & Performance Ratios

Standard Deviation

This fund

0.97%

Cat. avg.

7.99%

Lower the better

Sharpe Ratio

This fund

1.35

Cat. avg.

0.39

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

7.82

Higher the better

Fund Managers

Devang Shah

Devang Shah

Since July 2014

AT

Akhil Thakker

Since November 2021

Additional Scheme Detailsas of 31st March 2024

ISININF846K01PJ5Expense Ratio0.80%Exit Load1.00%Fund Size₹464 CrAge15 Jul 2014Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkIISL NIFTY Credit Risk 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.

Similar Credit Risk Funds

Fund nameExpense RatioExit LoadFund size
1Y
Bandhan Credit Risk Fund Regular Growth

Moderately High risk

1.7%1.0%₹366.63 Cr5.8%
Bandhan Credit Risk Fund Direct Growth

Moderately High risk

0.7%1.0%₹366.63 Cr6.8%
Aditya BSL Credit Risk Fund Regular Growth

Moderately High risk

1.6%3.0%₹983.67 Cr6.9%
Aditya BSL Credit Risk Fund Direct Growth

Moderately High risk

0.7%3.0%₹983.67 Cr7.8%
Baroda BNP Paribas Credit Risk Fund Regular Growth

Moderately High risk

1.6%1.0%₹153.57 Cr7.5%
Baroda BNP Paribas Credit Risk Fund Direct Growth

Moderately High risk

0.8%1.0%₹153.57 Cr8.3%
UTI Credit Risk Fund Regular Growth

Moderately High risk

1.6%1.0%₹395.91 Cr6.6%
Nippon India Credit Risk Fund Regular Growth

High Risk

1.6%1.0%₹1024.31 Cr7.8%
SBI Credit Risk Fund Regular Growth

Moderately High risk

1.6%3.0%₹2506.12 Cr6.8%
DSP Credit Risk Fund Regular Growth

Moderately High risk

1.1%1.0%₹195.23 Cr15.2%

About the AMC

Total AUM

₹2,78,720 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%₹71.47 Cr-
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.4%1.0%₹4079.13 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%-7.1%
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%-7.2%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹77.20 Cr6.6%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹13728.71 Cr6.9%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

1.0%1.0%₹922.09 Cr25.4%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹240.82 Cr78.7%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹11670.37 Cr34.7%
Axis Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹7272.40 Cr7.7%
Axis Equity Hybrid Fund Direct Growth

Very High Risk

1.0%1.0%₹1586.00 Cr23.0%
Axis Special Situations Fund Direct Growth

Very High Risk

1.1%1.0%₹1202.39 Cr41.6%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹5363.14 Cr7.5%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹1371.79 Cr35.9%
Axis Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹3931.16 Cr8.2%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.6%1.0%₹132.21 Cr-11.2%
Axis Value Fund Direct Growth

Very High Risk

1.0%1.0%₹499.14 Cr51.6%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderately High risk

0.2%1.0%₹173.73 Cr7.2%
Axis Gilt Fund Direct Growth

Moderate Risk

0.4%0.0%₹285.72 Cr7.8%
Axis Bluechip Fund Direct Growth

Very High Risk

0.7%1.0%₹33523.02 Cr31.5%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1708.41 Cr7.3%
Axis Gold Fund Direct Growth

High Risk

0.2%1.0%₹410.00 Cr19.0%
Axis Focused 25 Fund Direct Growth

Very High Risk

0.8%1.0%₹14086.94 Cr35.3%
Axis Regular Saver Fund Direct Growth

Very High Risk

0.9%1.0%₹342.01 Cr11.1%
Axis Strategic Bond Fund Direct Growth

Moderately High risk

0.3%1.0%₹1985.48 Cr8.0%
Axis Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹35473.88 Cr39.3%
Axis Short Term Fund Direct Growth

Moderate Risk

0.3%0.0%₹7797.42 Cr7.4%
Axis Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹22169.19 Cr7.3%
Axis Multi Asset Allocation Fund Direct Growth

Very High Risk

1.3%1.0%₹1173.79 Cr22.3%
Axis Midcap Fund Direct Growth

Very High Risk

0.5%1.0%₹25536.68 Cr43.7%
Axis Treasury Advantage Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹5100.92 Cr7.6%
Axis Equity Saver Fund Direct Growth

Moderately High risk

1.1%1.0%₹902.05 Cr20.2%
Axis Balanced Advantage Fund Direct Growth

Moderately High risk

0.9%1.0%₹2102.69 Cr28.3%
Axis Nifty Midcap 50 Index Fund Direct Growth

Low Risk

0.2%0.0%₹264.67 Cr62.2%
Axis Nifty IT Index Fund Direct Growth

Very High Risk

0.3%0.0%₹115.13 Cr-
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹33.62 Cr6.7%
Axis Credit Risk Fund Direct Growth

Moderately High risk

0.8%1.0%₹463.99 Cr7.8%
Axis Ultra Short Term Fund Direct Growth

Moderate Risk

0.3%0.0%₹4063.99 Cr7.7%
Axis Multicap Fund Direct Growth

Very High Risk

0.9%1.0%₹5081.24 Cr53.5%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹68.14 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%₹290.25 Cr6.9%
Axis Silver Fund of Funds Direct Growth

Very High Risk

0.1%0.0%₹34.43 Cr11.7%
Axis Nifty Next 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹135.86 Cr63.8%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹538.54 Cr7.2%
Axis Long Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹200.43 Cr8.0%
Axis Nifty 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹431.54 Cr27.6%

Risk Level

Your principal amount will be at Moderately High risk

Moderately High risk
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The NAV of Axis Credit Risk Fund Direct Growth, as of 12-Apr-2024, is ₹21.44.
The fund has generated 7.78% over the last 1 year and 6.69% 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, 93.07% in bonds, and 6.59% in cash and cash equivalents.
The fund managers responsible for Axis Credit Risk Fund Direct Growth are:-
  1. Devang Shah
  2. Akhil Thakker