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Best Axis Debt Mutual Funds

AXIS Debt Mutual Fund offers 27 different types of mutual fund schemes under the debt mutual fund category. The total AUM belonging to AXIS AMC schemes as on February 2023 is Rs 243,401 crores. The debt schemes include liquid funds, gilt funds, corporate bond funds, ultra short to long duration funds, banking and PSU funds, money market funds, and credit risk funds.

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Best Axis Debt Mutual Funds', to Invest in 2023

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Fund NameScripbox Opinion
Till Date CAGR
Axis Dynamic Bond Fund (G)
Axis Dynamic Bond Fund (G)

6%

7.9%

4.2%

7%

6.4%

8%

5.7%

7.5%

6%

7%

5.5%

7.7%

5.2%

7.1%

5.1%

7.4%

-

2.1%

3.7%

6.6%

5.7%

7.5%

6%

7%

4.1%

5.6%

6.1%

6.1%

4.2%

5.3%

-

2.4%

-

4.4%

-

0.2%

6.2%

6.5%

-

3.7%

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Debt Funds by AMC

Who Should Invest in Axis Debt Mutual Fund?

Axis Debt Funds are less volatile in comparison to equity funds because they invest predominantly in fixed income instruments. Investing in Axis Debt Mutual Funds is better than traditional instruments like fixed deposits, recurring deposits and parking funds in savings accounts. These schemes are less volatile and can deliver higher returns than other traditional investment instruments. However, it is advisable to pick debt funds based on financial goals. Also, Axis Debt Funds are highly liquid, where investors can park their emergency or surplus funds for a shorter duration (usually less than 12 months). Moreover, many investors consider Axis Debt schemes as a measure to diversify a portfolio across asset classes. 

Recommended: Here You Can Find the Best Debt Mutual Funds to invest in 2022

Things To Consider Before Investing in Axis Debt Mutual Fund

  • Investment Objective: The investment objective of Axis Debt schemes is to generate reasonable returns with lower risk and high liquidity. To achieve its objectives, Axis Debt Mutual Funds invests in fixed income instruments, money market instruments, and government securities belonging to different maturities and risk profiles.
  • Investment Strategy: The Axis fund manager(s) aim to deliver reasonable returns keeping the risk factor low depending on the fund investment strategy. Also, Axis debt schemes optimise the risk opportunities and maintain the balance between risk and returns. Furthermore, the fund manager of Axis AMC keeps an eye on the country’s micro and macroeconomic situations to assess the direction of interest rates. Accordingly, it helps investors to align their investment goal with the fund investment strategy for wealth creation.
  • Associated Risk: Axis Debt Mutual Funds carry a lower risk in comparison to equity mutual funds but carry a risk higher than fixed deposits and similar fixed income products. However, these Axis Debt Mutual Funds also have the potential to deliver higher returns. Also, Axis Debt Funds are subject to interest rate, credit, and liquidity risk. Moreover, as a risk reduction and control technique, the Axis AMC’s fund manager will conduct a thorough credit evaluation of the issuer company. Therefore, it is vital for investors to understand the risk associated with these debt schemes while choosing to invest in them. 

Recommended: To learn the difference between debt fund and fixed deposit

Tax on Axis Debt Mutual Funds

An income arising from the sale of Axis Debt Fund schemes generates a capital gain. Capital gain on Axis Debt Mutual Fund is taxable depending on the holding period. The following table shows the taxation of Axis Debt Mutual Funds – 

Short Term Capital Gains (STCG)Long Term Capital Gains (LTCG)
Holding PeriodIf holding period is less than 36 monthsIf holding period is more than 36 months
TaxationCapital gains are taxable as per investor’s income tax slab rates. The STCG is added to the gross total income for the financial year. Capital gains are taxable at a rate of  20% with indexation benefit.

Recommended: To visit and learn more about Tax on Mutual Funds