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Axis Credit Risk Fund (Growth)

Debt

Credit Risk

₹ 15.81

NAV (OCT 21)

Scripbox Opinion

Neutral

Click here for top ranked funds in credit risk mutual funds.

However, Scripbox does not recommend investing in credit risk mutual funds.

Credit Risk Funds are mandated to invest more than 65% of the portfolio in Corporate Bonds rated AA or below. These instruments carry a high default risk. The events of the recent past have shown the impact of poor credit quality on such funds.

Our analysis of this fund Learn how we rate funds ->
Our analysis of this fund Learn how we rate funds ->

Track Record

6 Years

The fund has relatively moderate history for analysis. We recommend funds with longer history.

Relative Size

592 Cr

Medium within the category

Impact of Interest Rate Changes

Moderate Interest Rate Risk

The impact on fund value is moderate when interest rates change

Credit Quality Of Fund's Portfolio

High Credit Risk

The fund has a lower credit quality compared to other debt funds

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

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  • Historical growth rate of 6.50% per annum
  • Recommended Duration 1-5 years
  • No Lock-in
  • Expert investing only
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Historical NAV

15.81

NAV (OCT 21)

SIP Calculator

Investing Duration 5 years

Total Investment

Wealth Gained

Total Corpus Created

With assumed returns of 6.25%
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Scheme Information

Investment Objective

To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However,there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns

Low

Moderately Low

Moderate

Moderately High

High

Moderate Risk

1.67%

Expense Ratio

15th Jul, 2014

Launched (6y ago)

₹ 592

AUM in Crores

INF846K01PO5

No Lock-in

IISL NIFTY Credit Risk Bond Index TR INR

Benchmark

₹ 1000

SIP Minimum

₹ 5000

Lumpsum Min.

Fund Managers

Devang Shah

Fund Manager

Dhaval Patel

Fund Manager

Returns Calculator Comparison

of

for

Instrument Returns Total Corpus Gains Annualised %
Mutual Fund 70% 11.25%
EPF 70%
Property 70%
PPF 70%
Bank FD 70%
Gold 70%
Savings Bank 70%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 21st October 2020

Top Stock Holdings

Essel Mining & Industries Limited

6%

Embassy Office Parks Reit

6%

Bahadur Chand Investments Private Limited

5%

India Grid Trust

5%

Mfl Securitisation Trust Lxxix

4%
See all holdings
allocation by market cap

Comparison with Debt Funds

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • Indicative returns of 6.50% annually
  • Recommended Duration 1-5 years
  • No Lock-in
  • Expert investing only
  • One-click investing and tracking
  • Zero fees for all your investments

SIP Calculator

Investment Duration 5 years

₹12,37,295

Total Investment

₹12,37,295

Wealth Gained

₹12,37,295

Total Corpus Created

With assumed returns of 6.25%
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How does Scripbox rate funds?

Proprietary system to rate mutual funds

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

What Scripbox recommendations mean?

Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.

Top Ranked

These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended.

Scripbox algorithm classifies funds as "not recommended" when they perform poorly on a combination of criteria. These funds are usually the poorest performers within a category.

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Track Record

We look at consistent and long historical performance for our analysis

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Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

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Category View

We check if the sub-category of the fund is recommended by us

calender

Consistency Of Performance

Consistency of performance over various tenures is analysed for a relative performance stack

calender

Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

calender

Impact of Interest Rates

We check the relative interest rate risk of the sub-category of the fund. Lower the better

calender

Credit Quality Of Fund’s Portfolio

We check the relative interest rate risk of the sub-category of the fund. Lower the better

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About Axis Credit Risk Fund (Growth)

About Axis Credit Risk Fund (Growth)

Axis Credit Risk Fund (Growth) is a Credit Risk Debt fund and has delivered an annualised return of 7.58% over a period of 6 years. The fund was previously known as Axis Fixed Income Opp Fund Reg Gr. The fund is managed by Axis Asset Management Company Limited. The fund managers are Devang Shah, Dhaval Patel.

Axis Credit Risk Fund (Growth) Investment Objective

To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However,there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns However, there is no assurance that the objective of the scheme will be realized.

Axis Credit Risk Fund (Growth) NAV, AUM and Risk

The fund was launched on 2014-07-15. The NAV of the fund as of 2020-10-21 is ₹ 15.81. The total AUM of the fund as of 2020-10-21 is ₹ 592 Cr. The category risk of the fund is Moderate Risk

The fund charges 1.67 % as expense ratio.

Axis Credit Risk Fund (Growth) Holdings

The fund’s highest allocation is towards debt and has invested 89.31% in this asset class. The top three holdings of the fund are essel mining & industries limited, embassy office parks reit and bahadur chand investments private limited.

Axis Credit Risk Fund (Growth) SIP

The minimum SIP(Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.

Axis Credit Risk Fund (Growth) Investment volatility and Horizon

This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to IISL NIFTY Credit Risk Bond Index TR INR.