Axis Gilt Fund Direct Plan-IDCW Half Yearly
(Scheme Rating)
NAV as of Aug 29, 2024
11.640.00%
- IDCW Half Yearly - Direct
(Earn upto 0.40% Extra Returns with Direct Plan)
Fund Category:
Debt: Gilt
Expense Ratio:
0.37%(0.53% Category
average)Fund Size:
Rs. 436.09 Cr(1.19% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis Gilt Fund Direct Plan-IDCW Half Yearly
(Scheme Rating)
NAV as of Aug 29, 2024
11.640.00%
Expense Ratio:
0.37%
Fund Size:
Rs. 436.09 Cr
Fund Category:
Debt: Gilt
1. Current NAV: The Current Net Asset Value of the Axis Gilt Fund - Direct Plan as of Aug 29, 2024 is Rs 11.64 for IDCW Half Yearly option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 10.42% (1yr), 6.49% (3yr), 7.21% (5yr) and 7.73% (since launch). Whereas, Category returns for the same time duration are: 8.78% (1yr), 5.6% (3yr) and 6.02% (5yr).
3. Fund Size: The Axis Gilt Fund - Direct Plan currently holds Assets under Management worth of Rs 436.09 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.37% for Direct plan as on Aug 23, 2024.
5. Exit Load: Axis Gilt Fund - Direct Plan shall attract an Exit Load, "Exit load of 1% shall be charged if units are redeemed within 6 months from the date of allotment."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 1000.
Axis Gilt Fund Direct Plan-IDCW Half Yearly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.01 3.03 5.20 10.39 6.48 7.19 Category Avg 0.91 2.72 4.48 8.74 5.59 6.01 Rank within Category 5 6 2 4 11 8 No. of funds within Category 33 32 32 31 26 24 - Loading...
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Return Comparison
- This Fund
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Axis Gilt Fund Direct Plan-IDCW Half Yearly Fund Details
Investment Objective - The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.
Fund House | Axis Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | CRISIL Dynamic Gilt Index |
Return Since Launch | 7.72% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Average |
Axis Gilt Fund Direct Plan-IDCW Half Yearly Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 1,000.00 |
Minimum Withdrawal (Rs.) | 1,000.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 9.22 | 12.14 | 1.72 | 9.306 |
Average Maturity(Yrs) | 21.07 | 34.42 | 5.52 | 21.278 |
Yield to Maturity(%) | 7.15 | 7.68 | 6.98 | 7.1168 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 97.25 | 97.60 |
Low Risk | - | - |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 2.73 | 2.40 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 94.19 | 90.93 |
CD | - | - |
T-Bills | - | 2.25 |
CP | - | - |
NCD & Bonds | - | - |
PTC | - | - |
Cash & Others | 5.79 | 6.81 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 1,338.97 | 30.70 | - |
GOI | Long-term Debt | Sovereign | SOV | 831.81 | 19.07 | - |
GOI | Long-term Debt | Sovereign | SOV | 632.97 | 14.51 | - |
GOI | Long-term Debt | Sovereign | SOV | 464.59 | 10.65 | - |
GOI | Long-term Debt | Sovereign | SOV | 255.35 | 5.86 | - |
GOI | Long-term Debt | Sovereign | SOV | 154.11 | 3.53 | 15,00,000 |
GOI | Long-term Debt | Sovereign | SOV | 153.02 | 3.51 | - |
7.45% Maharashtra State 22/03/2039 | Long-term Debt | Others | SOV | 109.88 | 2.52 | 10,83,700 |
7.46% GOI 06/11/2073 | Long-term Debt | Sovereign | SOV | 104.98 | 2.41 | 10,00,000 |
GOI | Long-term Debt | Sovereign | SOV | 101.21 | 2.32 | - |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Axis Gilt Fund Direct Plan-IDCW Half Yearly 11.64 436.09 1.16 10.31 6.43 7.20 ICICI Prudential Gilt Fund Direct Plan-IDCW Half Yearly 18.81 6,361.60 0.86 8.49 6.89 7.76 DSP Gilt Direct Plan-IDCW Half Yearly 12.83 1,080.98 1.24 10.10 6.80 7.65 Bandhan Government Securities Investment Plan Direct-IDCW Half Yearly 12.37 2,543.49 1.19 11.47 6.54 7.49 Union Gilt Fund Direct - IDCW Half Yearly 11.70 172.14 1.12 9.41 - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
2.08VS2.18Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.52VS0.54Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.32VS0.27Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
1.28VS1.12Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
0.01VS-0.06Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
6.20VS6.16Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Axis Mutual Fund News
Fund Manager
- D.S.Devang ShahSince Jan 20134 schemes
- S.J.Sachin JainSince Feb 20232 schemes
Mr. Shah is B.Com and ACA. Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Strategic Bond Fund Direct-IDCW Half Yearly Medium Duration 11.84 1,941.86 8.95 Axis All Seasons Debt FoF Direct-IDCW Half Yearly Dynamic Bond 11.69 136.30 9.09 Axis Regular Saver Fund Direct-IDCW Half Yearly Conservative Hybrid 13.71 307.92 12.79 Axis Dynamic Bond Fund Direct-IDCW Half Yearly Dynamic Bond 12.25 1,685.23 8.38 Mr. Jain is a B.Tech, AGMP (Management) Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Strategic Bond Fund Direct-IDCW Half Yearly Medium Duration 11.84 1,941.86 8.95 Axis Regular Saver Fund Direct-IDCW Half Yearly Conservative Hybrid 13.71 307.92 12.79
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis ELSS Tax Saver Direct Plan-Growth | 34,025.16 | 2.52 | 5.75 | 12.28 | 34.02 | 9.79 | |
Axis Liquid Direct Fund -Growth | 33,841.39 | 0.60 | 1.85 | 3.62 | 7.32 | 5.42 | |
Axis Bluechip Fund Direct Plan-Growth | 32,645.86 | 3.88 | 7.89 | 14.04 | 30.20 | 11.36 | |
Axis Midcap Direct Plan-Growth | 25,264.05 | 2.01 | 6.97 | 11.16 | 38.28 | 18.30 | |
Axis Small Cap Fund Direct-Growth | 19,606.42 | -2.97 | 3.61 | 8.96 | 38.67 | 27.19 | |
Axis Banking & PSU Debt Direct Plan -Growth | 13,930.05 | 0.72 | 2.08 | 3.49 | 7.66 | 5.40 | |
Axis Focused 25 Direct Plan-Growth | 13,538.39 | 2.04 | 5.56 | 10.99 | 30.09 | 7.71 | |
Axis Flexi Cap Fund Direct - Growth | 11,490.97 | 2.19 | 5.72 | 11.30 | 31.23 | 12.13 | |
Axis Growth Opportunities Fund Direct - Growth | 11,310.89 | 2.47 | 9.21 | 14.89 | 44.82 | 19.85 | |
Axis Overnight Fund Direct - Growth | 10,498.82 | 0.52 | 1.67 | 3.39 | 6.83 | 5.13 |
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1. Axis Gilt Fund - Direct Plan is Open-ended Gilt Debt scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government. "
2. It is benchmarked against CRISIL Dynamic Gilt Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Axis Gilt Fund - Direct Plan is 21.07 years and Duration is 9.22 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Axis Gilt Fund Direct Plan-IDCW Half Yearly
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Axis Gilt Fund Direct Plan-IDCW Half Yearly
- Is it safe to invest in Axis Gilt Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Gilt Fund - Direct Plan comes under Moderate risk category.
- What is the category of Axis Gilt Fund - Direct Plan?Axis Gilt Fund - Direct Plan belongs to the Debt : Gilt category of funds.
- How Long should I Invest in Axis Gilt Fund - Direct Plan?The suggested investment horizon of investing into Axis Gilt Fund - Direct Plan is >5 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Axis Gilt Fund - Direct Plan?The Axis Gilt Fund - Direct Plan is managed by Devang Shah (Since Jan 01, 2013) and Sachin Jain (Since Feb 01, 2023).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.