Top Ranked
Track Record
13 Years. The Fund has Sufficient history for analysis and the track record is good.
Relative Size
25,466 Cr. Category leader in size
Impact of Interest Rate Changes
Lowest Interest Rate Risk. The impact on fund value is very low when interest rates change
Credit Quality Of Fund's Portfolio
Low Credit Risk. The fund has a high credit quality compared to other debt funds
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Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 years₹ 2362.2346
NAV (May 24)
Last 1Y | 3.5% |
Last 3Y | 4.2% |
Last 5Y | 5.4% |
Last 10Y | 6.9% |
Since Inception | 7% |
6 Month CAGR | 1.8% |
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.
Expense Ratio | 0.23 |
Launched (13y ago) | Oct 09, 2009 |
AUM in Crores | 25465.252 |
ISIN | INF846K01412 |
Lock-in | No Lock-in |
Benchmark | Nifty Liquid Index TR INR |
SIP Minimum | 0 |
Lumpsum Min. | 1000 |
of
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with step up of
Instrument | Returns | Total Corpus | Gains | Annualised % |
---|---|---|---|---|
Mutual Fund | 965,796 | 233,184 | 11.25% | |
EPF | 900,761 | 168,149 | 8.50% | |
Property | 867,662 | 135,050 | 7.00% | |
PPF | 869,819 | 137,207 | 7.10% | |
Bank FD | 846,471 | 113,859 | 6.00% | |
Gold | 846,471 | 113,859 | 6.00% | |
Savings Bank | 825,950 | 93,338 | 5.00% |
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.
clearing corporation of india ltd
18.5%reliance industries limited
5.7%reliance retail ventures limited
4.3%91 Days Treasury Bill 07-07-2022
3.9%canara bank
3.9%Fund Name | Scripbox Opinion | Fund Size | Track Record |
---|---|---|---|
₹ 40,402 cr | |||
₹ 16,108 cr | |||
₹ 18,675 cr | |||
₹ 15,495 cr | |||
₹ 40,402 cr |
Axis Asset Management Company Limited
Axis Asset Management Company Limited manages assets worth 258,090 crores and was set up on 13 January 2009. It's current offering of mutual fund schemes includes 30 equity,101 debt and 35 hybrid funds.
Fund Name | Scripbox Opinion | Till Date CAGR | |
---|---|---|---|
4.2% | 7% | ||
16.4% | 4.3% | ||
6.6% | 7.6% | ||
10.7% | 11.8% | ||
5.8% | 7.2% |
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsAxis 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.
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.
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 Return | 6.10% |
10 Years Return | 7.50 % |
The Axis Liquid Fund-Growth has invested its assets majorly in the debt instruments of the following companies:
Company | Percentage of Holding (As of 24th June 2021) |
91 Days Treasury Bills | 33.53% |
Reliance Jio Infocomm Limited | 5.15% |
Reliance Industries Limited | 5.03% |
Hindustan Petroleum Corporation Limited | 4.58% |
Export Import Bank of India | 4% |
364 Days Treasury Bill | 3.94% |
National Bank For Agriculture and Rural Development | 3.66% |
L&T Finance Limited | 3.43% |
The Axis Liquid Fund-Growth has invested in the following debt instruments:
Sector | Percentage of Holding (As of 24th June 2021) |
Commercial Paper | 46.31% |
Treasury Bills | 37.48% |
Certificate of Deposit | 7.21% |
Corporate Bond | 1.72% |
Net Current Assets | 7.28% |
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.
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:
With such a scientific and detailed approach Scripbox ensures:
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