Axis Credit Risk Fund - Growth - Direct Plan

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  • Net Change on 23-08-2019

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    Axis Credit Risk Fund - Growth - Direct Plan 2 PersonalFN
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Fund Overview Growth | Direct Plan

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  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

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  • 52 Week High Nav Date

Fund Objective

To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
Axis Credit Risk Fund - Direct Plan - Growth 8.54 -5.83 4.00 5.73 7.37 7.45
Crisil 1 Yr T-Bill Index N/A N/A N/A N/A N/A N/A
NIFTY Credit Risk Bond Index N/A N/A N/A N/A N/A N/A

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
Axis Credit Risk Fund - Direct Plan - Growth Jul 15, 2014 4.00 5.73 7.37 1.91 1,457.27
HDFC Credit Risk Debt Fund - Direct Option - Growth Option Mar 25, 2014 8.06 7.06 8.57 1.46 14,886.68
ICICI Prudential Credit Risk Fund - Direct Plan - Growth Dec 03, 2010 8.09 7.55 8.39 1.54 10,792.61
Reliance Credit Risk Fund - Direct Plan - Growth Plan Jun 10, 2005 3.36 5.83 7.41 1.56 7,478.44
Franklin India Credit Risk Fund - Direct - Growth Dec 07, 2011 6.89 7.83 8.52 1.60 6,866.74
SBI CREDIT RISK FUND - DIRECT PLAN -GROWTH Jul 14, 2004 6.68 6.83 8.38 1.54 5,244.54

Fund Holdings as on 31-July-2019

  • MFL Securitisation Trust (28/09/2023) ** #

  • 9.60% Renew Power Limited (26/02/2021) **

  • 9.70% Coastal Gujarat Power Limited (25/08/2023) **

  • 7.84% PVR Limited (10/07/2020) **

  • 9.15% Birla Corporation Limited (18/08/2021) **

  • Net Receivables / (Payables)

  • JSW Techno Projects Management Limited (28/02/2020) (ZCB) ** #

  • Clearing Corporation of India Ltd

  • 8.85% Hinduja Leyland Finance Limited (07/02/2020) **

  • 9.95% Narmada Wind Energy Private Limited (31/03/2023) ** #

  • 8.7% JK Lakshmi Cement Limited (06/01/2020) **

  • Sansar Trust (22/06/2022) ** #

  • 9.8% ECL Finance Limited (31/12/2020) **

  • 8.50% National Bank For Agriculture and Rural Development (31/01/2023) **

  • 7.87% Housing Development Finance Corporation Limited (18/07/2022)

  • 9.26% Jubilant Life Sciences Limited (05/09/2022) **

  • 9.14% Zydus Wellness Limited (16/01/2023) **

  • 9.14% Zydus Wellness Limited (16/01/2024) **

  • 9.14% Zydus Wellness Limited (14/01/2022) **

  • 10.35% Bahadur Chand Investments Pvt Limited (16/01/2024) ** #

  • 6.87% REC Limited (24/09/2020) **

  • 7.85% Talwandi Sabo Power Limited (04/08/2020) **

  • 7.99% Tata Power Company Limited (16/11/2022) **

  • 8.45% Power Finance Corporation Limited (11/08/2022) **

  • Zenith Trust (13/07/2020) ** #

  • 8.99% Magma Fincorp Limited (19/08/2019) **

  • 8.15% REC Limited (10/06/2022) **

  • 7.99% Tata Power Company Limited (16/11/2021) **

  • 7.85% Bhopal Dhule Transmission Company Limited (04/04/2022) **

  • 8.72% PVR Limited (14/04/2023) **

  • 10.30% IKF Finance Limited (09/07/2020) ** #

  • 9.10% Union Bank of India (31/03/2022) **

  • 8.70% Reliance Jio Infocomm Limited (15/06/2021) **

  • IIFL Home Finance Limited (06/04/2020) (ZCB) **

  • 9.8762% IndoStar Capital Finance Limited (01/11/2019) **

  • 7.32% Government of India (28/01/2024)

  • 8.50% REC Limited (20/12/2021) **

  • 7.90% National Bank For Agriculture and Rural Development (18/04/2022) **

  • 8.65% Dalmia Cement (Bharat) Limited (19/10/2019) **

  • 9.05% Dewan Housing Finance Corporation Limited (09/09/2019) **

  • 9.14% Bank of Baroda (22/03/2022) **

  • 8.57% Nuvoco Vistas Corporation Limited (14/09/2020) **

  • 9.95% Syndicate Bank (25/10/2021) **

  • 8.28% Oriental Nagpur Betul Highway Limited (30/09/2022) **

  • 8.95% Punjab National Bank (03/03/2022) **

  • IIERT TRUST (16/02/2022) ** #

  • 9.45% IndoStar Capital Finance Limited (24/09/2021) **

  • 10.75% Tata Power Company Limited (21/08/2072) **

  • 8.55% Talwandi Sabo Power Limited (23/04/2021) **

  • 8.65% Indiabulls Housing Finance Limited (26/09/2019) **

  • RENT-A-DEVICE TRUST (28/09/2020) **

  • RENT-A-DEVICE TRUST (28/12/2020) **

  • 8.75% Indiabulls Housing Finance Limited (25/09/2021) **

  • 8.28% Oriental Nagpur Betul Highway Limited (30/03/2022) **

  • 7.27% Government of India (08/04/2026)

  • 9.1833% IndoStar Capital Finance Limited (23/08/2019) **

  • 7.75% Talwandi Sabo Power Limited (20/09/2019) **

  • 8.50% Bank of Baroda (02/12/2021) **

  • 11.25% Hansdeep Industries & Trading Company Limited (12/04/2020) **

  • 7.89% Small Industries Dev Bank of India (15/11/2022)

  • 9.23% Talwandi Sabo Power Limited (30/07/2021) **

  • IIFL Home Finance Limited (11/08/2021) (ZCB) **

  • 8.75% Muthoot Finance Limited (19/06/2021) **

  • 7.90% Nirma Limited (28/02/2020) **

  • MFL Securitisation Trust (15/04/2020) ** #

  • 11.4321% Asirvad Microfinance Ltd (22/06/2020) **

  • 10.60% Ess Kay Fincorp Limited (17/01/2020) **

  • 8.06% State Government Securities (27/03/2029)

  • 7.40% Government of India (09/09/2035)

  • 11.75% Asirvad Microfinance Ltd (22/05/2020) **

  • 9.10% Dewan Housing Finance Corporation Limited (09/09/2019) **

  • 8.10% REC Limited (25/06/2024) **

  • 8.25% Bharti Airtel Limited (20/04/2020) **

  • 8.35% Bharti Airtel Limited (20/04/2021) **

  • 8.28% Oriental Nagpur Betul Highway Limited (30/09/2024) **

  • 8.27% State Government Securities (23/06/2022)

  • Solstice Trust (17/11/2019) ** #

  • 7.69% National Bank For Agriculture and Rural Development (31/03/2032) **

  • 8.85% Power Finance Corporation Limited (25/05/2029) **

  • 6.79% Government of India (15/05/2027)

  • 8.15% State Government Securities (23/06/2021)

  • 9.21% Punjab National Bank (31/03/2022) **

  • 8.83% Government of India (25/11/2023)

  • 8.19% State Government Securities (23/06/2026)

  • 8.50% Vedanta Limited (15/06/2021) **

  • 7.26% Government of India (14/01/2029)

  • 7.59% Government of India (20/03/2029)

  • 7.35% Government of India (22/06/2024)

  • 8.40% Power Grid Corporation of India Limited (27/05/2021) **

  • 9.95% Food Corporation Of India (07/03/2022) **

  • 8.37% National Bank For Agriculture and Rural Development (22/06/2020)

  • 7.59% Government of India (11/01/2026)

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  • Miscellaneous

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About Axis Credit Risk Fund

Scheme Analysis

Axis Credit Risk Fund is a Debt - Credit Risk Fund fund and belongs to Axis Mutual Fund. It was launched on 15-Jul-2014 and currently has an AUM of ₹1,457.27 crore. Axis Credit Risk Fund is benchmarked against Crisil 1 Yr T-Bill Index as primary index and NIFTY Credit Risk Bond Index as secondary index.

The NAV of Axis Credit Risk Fund ended up ₹0.01(0.04%)yesterday to ₹15.32.

Among its top 3 holdings the fund has exposure to MFL Securitisation Trust (28/09/2023) ** #, 9.60% Renew Power Limited (26/02/2021) ** and 9.70% Coastal Gujarat Power Limited (25/08/2023) **

The Axis Credit Risk Fund is managed by Devang Shah .

Fund House Contact

Axis House, 1st Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400 025

022-43255161
022-43255199
www.axismf.com

Fund Manager

  • BWR A(SO)

  • BWR AA

  • BWR AAA

  • CARE A

  • CARE A+

  • CARE A+SO

  • CARE AA

  • CARE AA(SO)

  • CARE AA-

  • CARE AA-(SO)

  • CARE AAA

  • CARE D

  • Cash

  • CRISIL A+

  • CRISIL AA

  • CRISIL AA(SO)

  • CRISIL AA+

  • CRISIL AA-

  • CRISIL AAA

  • CRISIL AAA(SO)

  • ICRA A(SO)

  • ICRA AA

  • ICRA AA-

  • ICRA AA-(SO)

  • ICRA AAA(SO)

  • IND A

  • IND A+

  • IND A+(SO)

  • IND AA

  • Sov

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