Axis Liquid Fund Retail-Growth
NAV as of Aug 29, 2024
2,522.180.02%
- Growth - Regular
(Earn upto 0.59% Extra Returns with Direct Plan)
Fund Category:
Debt: Liquid
Expense Ratio:
0.74%(0.27% Category
average)Fund Size:
Rs. 27,339.16 Cr(3.95% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis Liquid Fund Retail-Growth
NAV as of Aug 29, 2024
2,522.180.02%
Expense Ratio:
0.74%
Fund Size:
Rs. 27,339.16 Cr
Fund Category:
Debt: Liquid
1. Current NAV: The Current Net Asset Value of the Axis Liquid Fund - Retail Plan as of Aug 29, 2024 is Rs 2,522.18 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 6.83% (1yr), 5.45% (3yr), 4.73% (5yr) and 6.59% (since launch). Whereas, Category returns for the same time duration are: 7.12% (1yr), 5.81% (3yr) and 5.05% (5yr).
3. Fund Size: The Axis Liquid Fund - Retail Plan currently holds Assets under Management worth of Rs 27339.16 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.74% for Regular plan as on Aug 23, 2024.
5. Exit Load: Axis Liquid Fund - Retail Plan shall attract an Exit Load, "Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days."
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 0.
Axis Liquid Fund Retail-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.54 1.64 3.38 6.83 5.46 4.73 Category Avg 0.56 1.70 3.50 7.12 5.82 5.05 Rank within Category 109 107 104 111 103 55 No. of funds within Category 46 44 43 42 38 37 - Loading...
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Return Comparison
- This Fund
- BenchmarkAditya Birla SL Liquid Reg-G
Choose from Benchmarks
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- Nifty 50
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- 1Y
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Axis Liquid Fund Retail-Growth Fund Details
Investment Objective - The fund seeks to generate reasonable return commensurate with low risk and high degree of liquidity from a portfolio of money market and high quality debt securities.
Fund House | Axis Mutual Fund |
Launch Date | Mar 02, 2010 |
Benchmark | NIFTY Liquid Index B-I |
Return Since Launch | 6.59% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Axis Liquid Fund Retail-Growth Investment Details
Minimum Investment (Rs.) | 500.00 |
Minimum Additional Investment (Rs.) | 500.00 |
Minimum SIP Investment (Rs.) | - |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 0.11 | 0.1942 | 0.0002 | 0.1079 |
Average Maturity(Yrs) | 0.11 | 0.205 | 0.0027 | 0.11 |
Yield to Maturity(%) | 7.07 | 8.21 | 5.25 | 7.0046 |
Avg Credit Rating | Low | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 19.21 | 18.30 |
Low Risk | 83.34 | 72.95 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | -2.56 | 8.75 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | - | 0.01 |
CD | 30.73 | 27.06 |
T-Bills | 19.21 | 18.32 |
CP | 51.46 | 43.34 |
NCD & Bonds | 1.15 | 2.57 |
PTC | - | - |
Cash & Others | -2.56 | 8.71 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
Reserve Bank of India | Short-term Debt | Financial | SOV | 11,136.23 | 4.07 | - |
Indian Bank | Short-term Debt | Financial | A1+ | 10,375.93 | 3.80 | - |
Small Industries Devp Bank of India Ltd | Short-term Debt | Financial | A1+ | 9,921.63 | 3.63 | 20,000 |
Canara Bank | Short-term Debt | Financial | A1+ | 9,727.27 | 3.56 | 19,600 |
Indian Bank | Short-term Debt | Financial | A1+ | 9,703.98 | 3.55 | 19,500 |
Export-Import Bank Of India | Short-term Debt | Financial | A1+ | 9,076.47 | 3.32 | 18,300 |
National Bank For Agriculture & Rural Development | Short-term Debt | Financial | A1+ | 8,914.09 | 3.26 | - |
Reserve Bank of India | Short-term Debt | Financial | SOV | 7,731.84 | 2.83 | - |
Reliance Retail Ventures Ltd | Short-term Debt | Services | A1+ | 7,453.80 | 2.73 | 15,000 |
Indusind Bank Ltd | Short-term Debt | Financial | A1+ | 7,418.32 | 2.71 | 15,000 |
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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 Liquid Fund Retail-Growth 2,522.18 Unrated 27,339.16 0.54 6.83 5.46 4.73 Canara Robeco Liquid Regular Plan-Growth 2,965.68 3,779.35 0.58 7.35 5.97 5.09 Bank of India Liquid Fund Regular-Growth 2,836.61 2,012.73 0.58 7.41 6.02 5.21 Aditya Birla Sun Life Liquid Fund Regular-Growth 397.12 51,273.51 0.58 7.34 5.96 5.23 Axis Liquid Fund Regular-Growth 2,742.86 27,339.16 0.58 7.37 5.99 5.25
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.
High Volatality
0.47VS0.46Fund 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.
Moderate Volatility
0.92VS0.92Fund 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.
Poor risk-adjusted returns
-0.63VS0.08Fund 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.
Poor risk-adjusted returns
-0.32VS0.04Fund 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.
Poor risk-adjusted returns
1.59VS1.91Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.24VS5.57Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Axis Mutual Fund News
Fund Manager
- D.S.Devang ShahSince Nov 201223 schemes
- A.P.Aditya PagariaSince Aug 201622 schemes
- S.J.Sachin JainSince Jul 202315 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.
Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College. Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
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.
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis Liquid Fund Regular-Growth | 36,518.03 | 0.60 | 1.86 | 3.75 | 7.32 | 5.74 | |
Axis Liquid Fund Retail-Growth | 36,518.03 | 0.56 | 1.73 | 3.48 | 6.77 | 5.21 | |
Axis ELSS Tax Saver Fund-Growth | 34,895.64 | 5.81 | 12.73 | 16.06 | 27.56 | 11.40 | |
Axis Bluechip Fund-Growth | 32,707.97 | 4.98 | 9.60 | 14.36 | 27.98 | 11.61 | |
Axis Midcap Fund Regular-Growth | 27,747.62 | 9.18 | 24.49 | 27.86 | 46.39 | 22.03 | |
Axis Small Cap Fund Regular-Growth | 20,504.37 | 7.37 | 19.53 | 17.34 | 38.50 | 25.83 | |
Axis Banking & PSU Debt Fund-Growth | 13,660.32 | 0.57 | 1.72 | 3.51 | 6.48 | 5.17 | |
Axis Focused Fund Regular-Growth | 13,341.11 | 6.37 | 11.18 | 14.34 | 23.89 | 8.45 | |
Axis Growth Opportunities Fund Regular-Growth | 12,424.49 | 8.70 | 15.30 | 22.46 | 38.33 | 19.57 | |
Axis Flexi Cap Fund Regular-Growth | 12,011.72 | 7.46 | 16.71 | 19.31 | 33.70 | 14.52 |
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1. Axis Liquid Fund - Retail Plan is Open-ended Liquid Debt scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Mar 02, 2010.
Investment objective & Benchmark
1. The investment objective of the fund is that " The fund seeks to generate reasonable return commensurate with low risk and high degree of liquidity from a portfolio of money market and high quality debt securities. "
2. It is benchmarked against NIFTY Liquid Index B-I.
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 Liquid Fund - Retail Plan is 0.11 years and Duration is 0.10684932 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 Liquid Fund Retail-Growth
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.
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FAQs about Axis Liquid Fund Retail-Growth
- Is it safe to invest in Axis Liquid Fund - Retail Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Liquid Fund - Retail Plan comes under Moderate risk category.
- What is the category of Axis Liquid Fund - Retail Plan?Axis Liquid Fund - Retail Plan belongs to the Debt : Liquid category of funds.
- How Long should I Invest in Axis Liquid Fund - Retail Plan?The suggested investment horizon of investing into Axis Liquid Fund - Retail Plan is <3 month. 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 Liquid Fund - Retail Plan?The Axis Liquid Fund - Retail Plan is managed by Devang Shah (Since Nov 05, 2012) , Aditya Pagaria (Since Aug 13, 2016) and Sachin Jain (Since Jul 03, 2023).
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