Axis Long Duration Fund Regular-IDCW Yearly
NAV as of Aug 29, 2024
1,164.44-0.05%
- IDCW Yearly - Regular
(Earn upto 0.44% Extra Returns with Direct Plan)
Fund Category:
Debt: Long Duration
Expense Ratio:
0.70%(0.82% Category
average)Fund Size:
Rs. 347.70 Cr(2.30% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis Long Duration Fund Regular-IDCW Yearly
NAV as of Aug 29, 2024
1,164.44-0.05%
Expense Ratio:
0.70%
Fund Size:
Rs. 347.70 Cr
Fund Category:
Debt: Long Duration
1. Current NAV: The Current Net Asset Value of the Axis Long Duration Fund - Regular Plan as of Aug 29, 2024 is Rs 1,164.44 for IDCW Yearly option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 10.76% (1yr) and 9.88% (since launch). Whereas, Category returns for the same time duration are: 10.19% (1yr), 6.25% (3yr) and 6.08% (5yr).
3. Fund Size: The Axis Long Duration Fund - Regular Plan currently holds Assets under Management worth of Rs 347.7 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.7% for Regular plan as on Aug 23, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
Axis Long Duration Fund Regular-IDCW Yearly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.92 3.20 5.42 10.59 - - Category Avg 0.98 3.11 4.95 10.10 6.26 6.13 Rank within Category 7 5 1 3 - - No. of funds within Category 9 9 7 7 2 2 - Loading...
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Return Comparison
- This Fund
- BenchmarkNippon India Nivesh Lakshya Reg-IDCWY
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- Nifty 50
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- 3M
- 6M
- 1Y
- 5Y
Axis Long Duration Fund Regular-IDCW Yearly Fund Details
Investment Objective - The scheme seeks to to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments.
Fund House | Axis Mutual Fund |
Launch Date | Dec 27, 2022 |
Benchmark | |
Return Since Launch | 9.83% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Axis Long Duration Fund Regular-IDCW Yearly Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 1,000.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 11.66 | 11.74 | 8.55 | 10.4656 |
Average Maturity(Yrs) | 31.16 | 32.28 | 16.82 | 23.2778 |
Yield to Maturity(%) | 7.13 | 7.61 | 6.97 | 7.081 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 94.80 | 96.50 |
Low Risk | - | - |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 5.20 | 3.51 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 94.80 | 76.38 |
CD | - | 0.73 |
T-Bills | - | - |
CP | - | - |
NCD & Bonds | - | - |
PTC | - | - |
Cash & Others | 5.20 | 22.90 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
7.36% GOI 12/09/2052 | Long-term Debt | Sovereign | SOV | 1,798.76 | 51.73 | 1,73,00,000 |
GOI | Long-term Debt | Sovereign | SOV | 1,071.13 | 30.81 | - |
GOI | Long-term Debt | Sovereign | SOV | 345.24 | 9.93 | - |
GOI | Long-term Debt | Sovereign | SOV | 80.94 | 2.33 | - |
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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 Long Duration Fund Regular-IDCW Yearly 1,164.44 Unrated 347.70 1.08 10.66 - - Nippon India Nivesh Lakshya Fund Regular-IDCW Yearly 12.19 Unrated 8,037.37 1.22 10.34 6.94 6.73 UTI Long Duration Fund Regular - IDCW Yearly 10.96 Unrated 95.95 1.03 9.89 - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Axis Mutual Fund News
Fund Manager
No Fund Manager for this fund
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis ELSS Tax Saver Fund-Growth | 34,025.16 | 2.46 | 5.55 | 11.86 | 33.02 | 8.90 | |
Axis Liquid Fund-Growth | 33,841.39 | 0.60 | 1.83 | 3.58 | 7.25 | 5.35 | |
Axis Liquid Fund Retail-Growth | 33,841.39 | 0.56 | 1.70 | 3.32 | 6.71 | 4.82 | |
Axis Bluechip Fund-Growth | 32,645.86 | 3.80 | 7.64 | 13.53 | 29.03 | 10.19 | |
Axis Midcap Fund-Growth | 25,264.05 | 1.91 | 6.69 | 10.57 | 36.83 | 16.88 | |
Axis Small Cap Fund Regular-Growth | 19,606.42 | -3.05 | 3.33 | 8.37 | 37.16 | 25.48 | |
Axis Banking & PSU Debt Fund -Growth | 13,930.05 | 0.69 | 2.01 | 3.34 | 7.35 | 5.09 | |
Axis Focused 25 Fund-Growth | 13,538.39 | 1.96 | 5.32 | 10.46 | 28.88 | 6.59 | |
Axis Flexi Cap Fund Regular - Growth | 11,490.97 | 2.10 | 5.44 | 10.72 | 29.88 | 10.85 | |
Axis Growth Opportunities Fund Regular - Growth | 11,310.89 | 2.38 | 8.93 | 14.26 | 43.20 | 18.25 |
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1. Axis Long Duration Fund - Regular Plan is Open-ended Long Duration Debt scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Dec 27, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt & Money Market Instruments. "
2. It is benchmarked against null.
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 Long Duration Fund - Regular Plan is 31.16 years and Duration is 11.66 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 Long Duration Fund Regular-IDCW 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.
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FAQs about Axis Long Duration Fund Regular-IDCW Yearly
- Is it safe to invest in Axis Long Duration Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Long Duration Fund - Regular Plan comes under Moderate risk category.
- What is the category of Axis Long Duration Fund - Regular Plan?Axis Long Duration Fund - Regular Plan belongs to the Debt : Long Duration category of funds.
- How Long should I Invest in Axis Long Duration Fund - Regular Plan?The suggested investment horizon of investing into Axis Long Duration Fund - Regular 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 Long Duration Fund - Regular Plan?The Axis Long Duration Fund - Regular Plan is managed by.
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