Axis Liquid Fund (Growth)

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.

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:

Asset Allocation of Axis Liquid  Fund-Growth

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

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. 

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