Axis Corporate Debt Fund - IDCW - Direct Plan

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  • Net Change on 19-06-2024

  • PersonalFN Rating

  • Assets (Cr.)

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Fund Overview IDCW | Direct Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

  • 52 Week Low Nav (₹)

  • 52 Week Low Nav Date

  • 52 Week High Nav (₹)

  • 52 Week High Nav Date

Fund Objective

The Scheme seeks to provide steady income and capital appreciation by investing in corporatedebt. There is no assurance or guarantee that the objectives of the Scheme will be realized.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
Axis Corporate Debt Fund - Direct Plan - Weekly IDCW 8.16 7.38 7.44 6.02 7.41 6.59
Nifty 10 yr Benchmark G-Sec 1.77 2.29 7.26 4.16 5.37 6.83
NIFTY Corporate 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 Corporate Debt Fund - Direct Plan - Weekly IDCW Jul 13, 2017 7.44 6.02 7.41 0.30 5,282.11
HDFC Corporate Bond Fund - IDCW Option - Direct Plan Oct 22, 2014 7.71 5.89 7.22 0.35 28,959.05
HDFC Corporate Bond Fund - Quarterly IDCW Option - Direct Plan Jan 01, 2013 7.71 5.89 6.88 0.35 28,959.05
ICICI Prudential Corporate Bond Fund - Direct Plan - Monthly IDCW Jan 15, 2013 7.77 6.29 6.89 0.34 27,285.73
ICICI Prudential Corporate Bond Fund - Direct Plan - Quarterly IDCW Jan 14, 2013 7.77 6.29 7.35 0.34 27,285.73
Aditya Birla Sun Life Corporate Bond Fund -DIRECT - IDCW Sep 30, 2013 7.69 5.99 6.94 0.33 22,042.26

Fund Holdings as on 31-May-2024

  • 7.18% Government of India (14/08/2033)

  • 7.32% Government of India (13/11/2030)

  • 6.54% Government of India (17/01/2032)

  • 8.1% Bajaj Housing Finance Limited (08/07/2027) **

  • 7.26% Government of India (06/02/2033)

  • 6.59% Summit Digitel Infrastructure Limited (16/06/2026) **

  • 7.18% Government of India (24/07/2037)

  • 7.8% National Bank For Agriculture and Rural Development (15/03/2027) **

  • 7.6% Power Finance Corporation Limited (13/04/2029) **

  • 7.80% Mahanagar Telephone Nigam Limited (07/11/2033)

  • 4.7% Government of India (22/09/2033)

  • 8.3439% HDB Financial Services Limited (05/07/2027)

  • 7.89% Summit Digitel Infrastructure Limited (30/04/2029) **

  • 8.2% Kotak Mahindra Prime Limited (11/01/2027) **

  • 8.25% Mahindra & Mahindra Financial Services Limited (25/03/2027)

  • 7.64% REC Limited (30/04/2027) **

  • 7.68% Small Industries Dev Bank of India (10/08/2027)

  • 7.37% Kotak Mahindra Prime Limited (16/09/2025) **

  • 7.5% HDB Financial Services Limited (23/09/2025) **

  • Net Receivables / (Payables)

  • 6.24% State Bank of India (20/09/2030) **

  • 7.75% Small Industries Dev Bank of India (10/06/2027) **

  • 7.80% HDFC Bank Limited (03/05/2033) **

  • 7.59% Small Industries Dev Bank of India (10/02/2026) **

  • 7.88% India Grid Trust InvIT Fund (30/04/2029) **

  • 8.285% Tata Capital Limited (10/05/2027) **

  • 7.725% Larsen & Toubro Limited (28/04/2028) **

  • 7.68% Power Finance Corporation Limited (15/07/2030) **

  • 7.85% India Grid Trust InvIT Fund (28/02/2028) **

  • 7.86% HDFC Bank Limited (02/12/2032) **

  • 7.17% Government of India (17/04/2030)

  • 8.1577% Kotak Mahindra Investments Limited (23/02/2026) **

  • Kotak Mahindra Bank Limited (07/06/2024)

  • 7.62% National Bank For Agriculture and Rural Development (10/05/2029) **

  • 7.62% National Bank For Agriculture and Rural Development (31/01/2028) **

  • 7.90% Bajaj Housing Finance Limited (28/04/2028) **

  • 7.37% Power Finance Corporation Limited (22/05/2026) **

  • 7.8% Tata Capital Housing Finance Limited (05/08/2027) **

  • 7.82% Bajaj Finance Limited (31/01/2034)

  • 7.75% Tata Capital Housing Finance Limited (18/05/2027) **

  • 7.4% Summit Digitel Infrastructure Limited (28/09/2028) **

  • 6.50% Tata Capital Housing Finance Limited (15/06/2026) **

  • 7.52% Power Grid Corporation of India Limited (23/03/2033) **

  • 7.7% Power Grid Corporation of India Limited (12/10/2033) **

  • 7.83% Small Industries Dev Bank of India (24/11/2028) **

  • 7.85% Bajaj Housing Finance Limited (01/09/2028)

  • 7.57% National Bank For Agriculture and Rural Development (19/03/2026) **

  • 7.74% DME Development Limited (04/12/2038) **

  • 7.7% Nuclear Power Corporation Of India Limited (21/03/2038) **

  • 8.225% Kotak Mahindra Prime Limited (21/04/2027) **

  • 7.8445% Tata Capital Housing Finance Limited (18/09/2026) **

  • 7.36% Government of India (12/09/2025)

  • 7.77% Power Finance Corporation Limited (15/04/2028) **

  • 7.75% Small Industries Dev Bank of India (27/10/2025) **

  • 7.1% ICICI Bank Limited (17/02/2030) **

  • 7.40% Government of India (19/09/2026)

  • 7.53% Kerala State Development Loans (27/03/2050)

  • 7.71% HDFC Bank Limited (20/12/2033) **

  • 7.77% REC Limited (31/03/2028) **

  • 7.90% Jamnagar Utilities & Power Private Limited (10/08/2028) **

  • 7.74% Power Finance Corporation Limited (29/01/2028) **

  • 7.57% Indian Railway Finance Corporation Limited (18/04/2029)

  • 7.96% Pipeline Infrastructure Private Limited (11/03/2027) **

  • 8.6% India Infradebt Limited (30/12/2024) **

  • 7.8% HDFC Bank Limited (06/09/2032) **

  • 7.68% Small Industries Dev Bank of India (09/07/2027)

  • 4.88% Mahindra & Mahindra Financial Services Limited (23/07/2024) (FRN) **

  • 7.55% REC Limited (31/03/2028) **

  • 7.55% Power Finance Corporation Limited (15/04/2027) **

  • Small Industries Dev Bank of India (21/06/2024)

  • 7.58% National Bank For Agriculture and Rural Development (31/07/2026)

  • 7.40% Power Grid Corporation of India Limited (17/02/2033) **

  • 7.36% Government of India (12/03/2027)

  • 7.68% National Bank For Agriculture and Rural Development (30/04/2029)

  • ICICI Bank Limited (12/06/2024)

  • 7.30% Power Grid Corporation of India Limited (19/06/2027) **

  • 7.36% Government of India (12/09/2027)

  • Clearing Corporation of India Ltd

  • Government of India (19/03/2027)

  • 8.05% Summit Digitel Infrastructure Limited (31/05/2027) **

  • 7.68% Indian Railway Finance Corporation Limited (24/11/2026)

  • 7.58% Power Finance Corporation Limited (15/01/2026) **

  • 7.40% Government of India (19/09/2025)

  • 6.76% Government of India (22/02/2027)

  • SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2

  • 7.78% Bihar State Development Loans (01/11/2031)

  • 7.5% India Infradebt Limited (30/06/2025) **

  • 8.4% India Infradebt Limited (20/11/2024) **

  • 6.80% Government of India (15/06/2028)

  • 6.80% Government of India (15/12/2028)

  • 8.15% Tamil Nadu State Development Loans (09/05/2028)

  • 8.44% HDFC Bank Limited (28/12/2028) **

  • 7.25% Government of India (12/06/2063)

  • 7.79% Small Industries Dev Bank of India (14/05/2027) **

  • 7.55% REC Limited (10/05/2030) **

  • 7.75% HDFC Bank Limited (13/06/2033)

  • 5.70% National Bank For Agriculture and Rural Development (31/07/2025) **

  • 7.47% Small Industries Dev Bank of India (25/11/2025) **

  • 7.1% Government of India (08/04/2034)

  • 8.21% Haryana UDAY BOND(31/03/2026)

  • 8.7% Power Finance Corporation Limited (14/05/2025) **

  • 7.26% Government of India (22/08/2032)

  • 7.37% Government of India (23/10/2028)

  • 7.29% Karnataka State Development Loans (12/01/2034)

  • Interest Rate Swaps Pay Floating Receive Fix -ICISECPD (12/04/2029) (FV 2500 Lacs)

  • Interest Rate Swaps Pay Floating Receive Fix -HSBC BANK (21/03/2029) (FV 2500 Lacs)

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Fund Manager

Most Recent Dividend

  • 18/06/2024

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  • 27/05/2024

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  • CARE A1+

  • Cash

  • CRISIL A1+

  • CRISIL AAA

  • Derivatives

  • ICRA A1+

  • ICRA AAA

  • IND AAA

  • IND AAA(CE)

  • Sov

  • Unrated

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About Axis Corporate Debt Fund

Scheme Analysis

Axis Corporate Debt Fund is a Debt - Corporate Bond Fund fund and belongs to Axis Mutual Fund. It was launched on 13-Jul-2017 and currently has an AUM of ₹5,282.11 crore. Axis Corporate Debt Fund is benchmarked against Nifty 10 yr Benchmark G-Sec as primary index and NIFTY Corporate Bond Index as secondary index.

The NAV of Axis Corporate Debt Fund ended up ₹0.01(0.05%)yesterday to ₹10.3697.

Among its top 3 holdings the fund has exposure to 7.18% Government of India (14/08/2033), and

The Axis Corporate Debt Fund is managed by Devang Shah and Hardik Shah.

Fund House Contact

One Lodha Place, 22 & 23 Floor, Senapati Bapat Marg, Lower Parel Mumbai - 400 013

022-43255161
022-43255199
www.axismf.com