AXIS Debt Mutual Fund offers 28 different types of mutual fund schemes under the debt mutual fund category. The total AUM belonging to AXIS AMC schemes as on December 2023 is Rs 261,047 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.
|Fund Name||Scripbox Opinion||Till Date CAGR|
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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.
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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 till March 31st 2023 –
|Short Term Capital Gains (STCG)||Long Term Capital Gains (LTCG)|
|Holding Period||If holding period is less than 36 months||If holding period is more than 36 months|
|Taxation||Capital 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.|
According to the Finance Bill 2023, from April 1st 2023, the capital gains are taxable as per the investor’s income tax slab rate without any indexation benefit.
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