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  • Axis Liquid Fund (Growth)
Axis Mutual Fund

Axis Liquid Fund (Growth)

DebtLiquid

Recommended

Top Ranked

2313.5521

NAV (Oct 20)

5%
3 Year CAGR
Scripbox Opinion

Recommended

Axis Liquid Fund (Growth) is recommended for investment within liquid mutual funds.

Liquid funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.

Our analysis of this fundLearn how we rate funds ->

Track Record

12 Years. The Fund has Sufficient history for analysis and the track record is good.

Relative Size

26,263 Cr. Category leader in size

Impact of Interest Rate Changes

Low Interest Rate Risk. The impact on fund value is quite low when interest rates change

Credit Quality Of Fund's Portfolio

Lowest Credit Risk. The fund has a very high credit quality compared to other debt funds

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  • graph-icon-gray
    Historical growth rate of 6.5% per annum
  • graph-icon-gray
    Recommended Duration 1 - 5 years
  • graph-icon-gray
    No Lock-in
  • graph-icon-gray
    Emergency

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Historical NAV

2313.5521

NAV (Oct 20)

Fund Returns

Last 1Y
3.2%
Last 3Y
5%
Last 5Y
5.8%
Last 10Y
7.3%
Since Inception
7.2%
6 Month CAGR
1.6%
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Scheme Information

Investment Objective

To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However there can be no assurance that the investment objective of the scheme will be achieved.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

risk-indicator-arrow.svg

Low to Moderate Risk

Expense Ratio
0.26
Launched (12y ago)
Oct 09, 2009
AUM in Crores
26262.234
ISIN
INF846K01412
Lock-in
No Lock-in
Benchmark
Nifty Liquid Index TR INR
SIP Minimum
0
Lumpsum Min.
1000
Fund Managers
user-avatar

Aditya Pagaria

Fund Manager

user-avatar

Devang Shah

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 93,3385.00%

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.

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Emergency Money

Invest in a scientifically curated set of liquid funds which are best aligned towards achieving any objectives where liquidity and stability are the priority.

  • Inflation beating returns
    Inflation beating returns
  • Emergency
    Emergency
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    One click investing tracking
comparison

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record

Kotak Savings Fund (G)

recommended-badge

₹ 13,509 cr

5

recommended-badge

₹ 33,192 cr

5

recommended-badge

₹ 11,590 cr

5

recommended-badge

₹ 21,654 cr

5

recommended-badge

₹ 33,722 cr

5

amc-icon

About the AMC

Axis Asset Management Company Limited

Axis Asset Management Company Limited manages assets worth 254,506 crores and was set up on 13 January 2009. It's current offering of mutual fund schemes includes 33 equity,93 debt and 35 hybrid funds.

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  • tel-amc-about
    022-43255161
  • mail-amc-about
    customerservice@axismf.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    5%

    7.2%

    recommended-badge

    24.6%

    14.3%

    recommended-badge

    29.8%

    20.2%

    top-ranked-badge

    4.5%

    6.8%

    top-ranked-badge

    4.1%

    5.5%

    growth

    Emergency Money

    Invest in a scientifically curated set of liquid funds which are best aligned towards achieving any objectives where liquidity and stability are the priority.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Emergency
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Axis Liquid Fund (Growth)

    Axis Liquid Fund (Growth)

    Debt

    Liquid

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

    How does Scripbox rate funds?

    Proprietary 4-step 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.

    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

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

    Sub-asset Class View

    Sub-asset Class View

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

    Fund Performance

    Fund Performance

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

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

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

    Impact of Interest Rates

    Impact of Interest Rates

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

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

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    01

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    Create an Account

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    TRUST

    1. 4100+Crores
    2. 2500+Cities
    3. 7200+Customers
    We manage to deliver better strategies to people who trust us.

    We thrive on trust. You don’t need to just take our word for it! Get started with your wealth creation without worry.

    testimonial image
    Investing has helped me dream bigger for my life
    Dr. Shraddha BahirwaniSr. Dental Consultant

    Axis Liquid Fund-Growth is an open-ended liquid fund that invests in debt securities and money market instruments such as Certificate of Deposits (CoD), treasury bills, commercial papers, etc. The scheme aims to generate a regular income over the short term and provide a highly liquid investment option with relatively low risk. The fund is managed by Axis Mutual Fund. Liquid funds invest in debt instruments with a maturity of up to 91 days. These funds are suitable for investors who wish to park their idle funds for a shorter duration.

    Axis Liquid Fund-Growth Investment Objective

    The investment objective of the Scheme is to provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there is no assurance that the investment objective of the scheme will be achieved. The Scheme seeks to provide its investors a regular income with high liquidity and low-risk investment option. Axis Liquid Fund invests in an entire range of debt instruments and money market securities in line with its investment objective. It achieves its objective through active management of credit risk along with interest rate risk.

    Axis Liquid Fund-Growth Scheme Details

    On 9th October 2009,  Axis Asset Management Company Limited had launched Axis Liquid Fund- Growth scheme. The scheme has been in existence for the past 12 years. Since its inception, it continues to provide regular income on investment at par with inflation and safety of principal amount invested.

    NAV and Returns – As of 24th June 2021, the NAV of the fund is Rs 2,289.5. The fund has a risk-o-meter of low to moderate risk. Hence, the investor investing in this fund must recognize that their principal investment is at a low to moderate risk. The fund has delivered a return on investment of 7.30% since its inception

    Minimum Investment – The fund has no minimum SIP investment requirement and a minimum lump sum investment of Rs 1,000

    Expense Ratio and Exit Load – The expense ratio on the fund is 0.25% of the NAV on the date of redemption. Here, the expense ratio is close to the expense ratio charged by other AMCs for funds under a similar category. The fund charges an exit load on the redemption of the units of the mutual fund. If the units are redeemed within 1 day the exit load is charged at 0.0070%. Further, if you redeem within 2 days then the charge is 0.0065% on the units. if redeemed within 3 days then the charge is 0.0060%. An exit load of 0.0055% if redeemed within 4 days. A charge of exit load of 0.0050% if redeemed within 5 days and 0.0045% if redeemed within 6 days.

    Fund Manager – Currently, Mr. Aditya Pagaria and Mr. Devang Shah are co-managing the fund. Mr. Aditya Pagaria has been managing the fund since 13th August 2016. Mr. Aditya possesses an overall experience of 13 years in fund management. He is the fund manager of fixed income. Mr. Devang Shah has been managing the fund since 5th November 2012. He is the co-head of Fixed Income at the Axis Mutual Fund.

    Other Details – No lock-in period for the scheme, you can redeem any amount of investment anytime. The AUM of Axis Liquid  Fund as of 24th June 2021 is Rs 21,795 cr. The fund benchmarks to Nifty Liquid Index TR INR. An investor can redeem up to 90% of the current value of available units of the fund or a maximum of Rs. 50,000 per day, whichever is lower. The fund provides an instant 24*7 redemption facility to its resident Indian individual investors. With instant redemption, you can simply place your withdrawal request online and the money is credited to your bank account in a few minutes.

    1 Year Return 3.20 %
    3 Years Return 5.50 %
    5 Years Return6.10%
    10 Years Return7.50 %
    Returns Updated as of 24th June 2021

    Axis Liquid  Fund-Growth Top Stock Holdings

    The Axis Liquid Fund-Growth has invested its assets majorly in the debt instruments of the following companies:

    CompanyPercentage of Holding (As of 24th June 2021)
    91 Days Treasury Bills33.53%
    Reliance Jio Infocomm Limited5.15%
    Reliance Industries Limited5.03%
    Hindustan Petroleum Corporation Limited4.58%
    Export Import Bank of India4%
    364 Days Treasury Bill3.94%
    National Bank For Agriculture and Rural Development3.66%
    L&T Finance Limited3.43%

    Asset Allocation of Axis Liquid  Fund-Growth

    The Axis Liquid Fund-Growth has invested in the following debt instruments:

    SectorPercentage of Holding (As of 24th June 2021)
    Commercial Paper46.31%
    Treasury Bills37.48%
    Certificate of Deposit7.21%
    Corporate Bond1.72%
    Net Current Assets7.28%

    Axis Liquid  Fund-Growth Review

    Scripbox recommends the Axis Liquid Fund-Growth for investment within liquid mutual funds. Liquid funds provide relative safety of capital amount invested along with returns at par with inflation over the investment horizon. 

    1. Axis Liquid Fund – Growth is suitable for investors who seek regular and stable income with relative stability and a high degree of liquidity. It is suitable for an investment duration of 1-5 years or longer.
    2. With a history of 12 years, the fund has sufficient records for analysis. Further, the track record is excellent.
    3. With an AUM or relative size of Rs 21795 cr, the fund’s relative size is large compared to other similar funds in the liquid fund category.
    4. The scheme has performed well consistently over a period outperforming its benchmark.
    5. The impact of interest rate changes on fund value is quite low in comparison to other similar funds. 
    6. The fund has a high credit quality compared to other liquid debt funds in the same category. This indicates that it has lent to borrowers whose credit quality is good. With better borrowers, it ensures a low default risk or credit risk. 

    How Scripbox Algorithmically Selects Mutual Funds?

    Scripbox uses time-tested principles, historical data, and valid assumptions about asset classes. We combine them with a rigorous process to finalize which asset classes make the most sense for specific types of objectives, considering the time needed to achieve them.

    Once we select an asset class, our algorithm goes to work to select the best financial products.

    The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:

    • Track record of the product – how long has it been around?
    • Assets under management – how big is it – for example, the size of a mutual fund
    • Liquidity – how easy is it to move in or out of the product?
    • Consistency of performance – how much have the returns fluctuated?
    • The risk associated with the product – what risks impact the product?
    • Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds

    With such a scientific and detailed approach Scripbox ensures:

    1. Bias free product selection – commissions don’t sway our decisions
    2. Minimal human intervention and thus minimal impact of emotions and behavioral biases
    3. Consideration of the maximum number of factors that can impact an investment product
    4. Application of logic to investment product selection 

    Our investment product selection science helps us help you, without biases clouding the evaluation.

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