Axis Credit Risk Fund Direct Growth
DebtCredit RiskModerately High risk
Direct
NAV (20-Dec-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹416 Cr
Expense Ratio
0.80%
ISIN
INF846K01PJ5
Minimum SIP
₹100
Exit Load
1.00%
Inception Date
15 Jul 2014
About this fund
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹22.74, Assets Under Management (AUM) of 415.73 Crores, and an expense ratio of 0.8%.
- Axis Credit Risk Fund Direct Growth has given a CAGR return of 8.19% since inception.
- The fund's asset allocation comprises around 0.38% in equities, 92.40% in debts, and 6.82% 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
+8.76%
+7.57% (Cat Avg.)
3 Years
+7.14%
+9.06% (Cat Avg.)
5 Years
+7.60%
+6.60% (Cat Avg.)
10 Years
+7.98%
+6.06% (Cat Avg.)
Since Inception
+8.19%
— (Cat Avg.)
Portfolio Summaryas of 15th December 2024
| Equity | ₹1.59 Cr | 0.38% |
| Debt | ₹384.14 Cr | 92.40% |
| Others | ₹30 Cr | 7.22% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Government Of India 6.92% | Bond - Gov't/Treasury | ₹35.27 Cr | 8.48% |
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹32.8 Cr | 7.89% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹20.05 Cr | 4.82% |
| Kohima Mariani Transmission Limited | Bond - Corporate Bond | ₹19.96 Cr | 4.80% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹19.76 Cr | 4.75% |
| Tata Projects Limited | Bond - Corporate Bond | ₹19.12 Cr | 4.60% |
| Birla Corporation Limited | Bond - Corporate Bond | ₹16.21 Cr | 3.90% |
| Nirma Limited | Bond - Corporate Bond | ₹15.15 Cr | 3.65% |
| Aadhar Housing Finance Ltd. 8.65% | Bond - Corporate Bond | ₹15.14 Cr | 3.64% |
| Aditya Birla Renewables Limited | Bond - Corporate Bond | ₹15.06 Cr | 3.62% |
| Infopark Properties Ltd. | Bond - Corporate Bond | ₹15.05 Cr | 3.62% |
| Shriram Housing Finance Limited | Bond - Corporate Bond | ₹15.03 Cr | 3.62% |
| Dlf Home Developers Limited 8.5% | Bond - Corporate Bond | ₹15.02 Cr | 3.61% |
| Delhi International Airport Limited | Bond - Corporate Bond | ₹15 Cr | 3.61% |
| Century Textiles And Industried Limited | Bond - Corporate Bond | ₹14.98 Cr | 3.60% |
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹11.24 Cr | 2.70% |
| Aditya Birla Digital Fashion Ventures Limited | Bond - Corporate Bond | ₹10.04 Cr | 2.42% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹10.04 Cr | 2.42% |
| Profectus Capital Private Limited | Bond - Corporate Bond | ₹10.03 Cr | 2.41% |
| Indostar Capital Finance Limited | Bond - Corporate Bond | ₹10.02 Cr | 2.41% |
| Renserv Global Pvt Ltd. 10.18% | Bond - Corporate Bond | ₹9.99 Cr | 2.40% |
| Veritas Finance Private Limited | Bond - Corporate Bond | ₹9.97 Cr | 2.40% |
| Vistaar Financial Services Private Limited | Bond - Corporate Bond | ₹9.96 Cr | 2.40% |
| Tyger Capital Private Limited | Bond - Corporate Bond | ₹7.97 Cr | 1.92% |
| Embassy Office Parks Reit | Bond - Asset Backed | ₹7.6 Cr | 1.83% |
| 6.79% Govt Stock 2034 | Bond - Gov't/Treasury | ₹5.02 Cr | 1.21% |
| Aadhar Housing Finance Limited | Bond - Corporate Bond | ₹5.01 Cr | 1.21% |
| Ess KAy Auto Finance Private Limited | Bond - Corporate Bond | ₹5 Cr | 1.20% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹4.99 Cr | 1.20% |
| DLF Cyber City Developers Ltd. 8.4% | Bond - Corporate Bond | ₹4.01 Cr | 0.97% |
| Net Receivables / (Payables) | Cash - Collateral | ₹3.61 Cr | 0.87% |
| Kogta Financial (India) Limited | Bond - Corporate Bond | ₹2.09 Cr | 0.50% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Mutual Fund - Open End | ₹1.63 Cr | 0.39% |
| Indus Infra Trust Unit | Equity | ₹1.59 Cr | 0.38% |
| SK Finance Limited | Bond - Corporate Bond | ₹1.22 Cr | 0.29% |
| 7.59% Govt Stock 2029 | Bond - Gov't/Treasury | ₹0.52 Cr | 0.12% |
| 7.26% Govt Stock 2033 | Bond - Gov't/Treasury | ₹0.51 Cr | 0.12% |
| 7.59% Govt Stock 2026 | Bond - Gov't/Treasury | ₹0.06 Cr | 0.01% |
Allocation By Credit Quality (Debt)
AAA
AA
A
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1.59 Cr | 0.38% |
Risk & Performance Ratios
Standard Deviation
This fund
0.95%
Cat. avg.
6.91%
Lower the better
Sharpe Ratio
This fund
1.07
Cat. avg.
0.18
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
5.51
Higher the better
Fund Managers
Devang Shah
Since July 2014
Akhil Thakker
Since November 2021
Additional Scheme Detailsas of 15th December 2024
ISIN INF846K01PJ5 | Expense Ratio 0.80% | Exit Load 1.00% | Fund Size ₹416 Cr | Age 10 years 5 months | 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
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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% | ₹300.19 Cr | 7.3% |
| Bandhan Credit Risk Fund Direct Growth Moderately High risk | 0.7% | 1.0% | ₹300.19 Cr | 8.4% |
| Aditya BSL Credit Risk Fund Regular Growth Moderately High risk | 1.5% | 3.0% | ₹920.60 Cr | 11.8% |
| Aditya BSL Credit Risk Fund Direct Growth Moderately High risk | 0.7% | 3.0% | ₹920.60 Cr | 12.8% |
| Baroda BNP Paribas Credit Risk Fund Regular Growth Moderately High risk | 1.6% | 1.0% | ₹170.37 Cr | 8.1% |
| Baroda BNP Paribas Credit Risk Fund Direct Growth Moderately High risk | 0.8% | 1.0% | ₹170.37 Cr | 8.9% |
| UTI Credit Risk Fund Regular Growth Moderately High risk | 1.6% | 1.0% | ₹313.43 Cr | 7.9% |
| Nippon India Credit Risk Fund Regular Growth High Risk | 1.5% | 1.0% | ₹993.03 Cr | 8.2% |
| SBI Credit Risk Fund Regular Growth High Risk | 1.6% | 3.0% | ₹2285.19 Cr | 8.0% |
| DSP Credit Risk Fund Regular Growth Moderately High risk | 1.1% | 1.0% | ₹188.93 Cr | 7.7% |
About the AMC
Axis Mutual Fund
Total AUM
₹3,16,718 Cr
Address
Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025
Other Funds by Axis Mutual Fund
Risk Level
Your principal amount will be at Moderately High risk
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- Devang Shah
- Akhil Thakker
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