Scripbox debt index has returned 8.43% in the past year (Aug 18 – Jul 19) while therate for the said period has been around 6.25%. There was an outperformance of the Scripbox funds to the tune of 2.18%.
We believe thatcontinue to be the best option over and we are quite confident entering the year ahead.
1. The core idea of Scripbox :
The objective of the Scripboxof Short term money(Debt) funds is to select a of 3 debt funds that have a consistent track record of performing better than CCIL Broad TRI Index, and therefore expected to do better than the rates.
We had the following 3 funds in the previous year. This Report card is based on the performance of these funds from Aug 1, 2018 till Jul 31, 2019.
- Axis Liquid Fund (G)
- Magnum Low Duration Fund (G)
- ICICI Prudential Corporate (G)
The analysis of the absolute performance of the Scripbox Debtis against the other option which is .
2. Scripboxof Debt Funds
Axis Liquid Fund outperformed therate by 1.2%; Magnum Low Duration Fund outperformed by 2.2% while ICICI Prudential Corporate outperformed the rate by 3.1%.
3. Returns over the last 3 years for investors
The Scripbox debt fundhas outperformed in last 1 year and 3 year period and has performed in line with the rates over a 2 year period
*The above returns do not consider the tax implications. Interest fromis taxed as per income slabs of the individual. Debt funds held longer than 3 years are taxed at 20% of indexed gains.