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Axis Short Term Direct Fund IDCW Weekly

Debt
Short Duration
Moderate Risk
Payout
7.13%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 24 Jun 2022₹10.22
Min. SIP amount₹1,000
Rating4
Fund size₹7,779.99Cr

Returns and rankings

Category: Debt Short Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.4%7.1%7.2%8.3%
Category average4.3%6.4%6.4%NA
Rank with in category773NA
Understand terms

Holdings (113)

NameSectorInstrumentAssets
GOI
SovereignGOI FRB4.5%
Axis Money Market Fund Direct - Growth
FinancialMutual Fund3.8%
GOI
SovereignGOI Sec2.7%
Indian Bank
FinancialCD2.5%
Mahindra Rural Housing Finance Ltd.FinancialDebenture2.5%
Canara Bank
FinancialCD2.4%
Hero FinCorp Ltd.
FinancialDebenture2.0%
National Bank For Agriculture & Rural DevelopmentFinancialNCD2.0%
HDFC Bank Ltd.
FinancialCD2.0%
HDFC Bank Ltd.
FinancialCD1.9%
See All

Pros and cons

Category: Debt Short Duration

Pros

Cons

3Y and 5Y annualised returns higher than category average
1Y annualised returns lower than category average by 0.98%
Higher alpha: 5.34 The fund has generated returns higher than benchmark - NIFTY Short Duration Debt Index B-II - in the last 3Y
Exit load is zero
Lower expense ratio: 0.28%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.28%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Devang Shah
Jan 2013 - Present
View details

Education
Mr. Shah is B.Com and ACA.
Experience
Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
"Axis House" - 1st Floor,C-2 - Wadia International Centre,Pandurang Budhkar Marg , Worli, Mumbai 400025
Phone
022-24255161
Launch Date
04 Sep 2009
Amc Image
Axis Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

Compare funds

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FAQs

How to Invest in Axis Short Term Direct Fund IDCW Weekly?

You can easily invest in Axis Short Term Direct Fund IDCW Weekly in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Axis Short Term Direct Fund IDCW Weekly from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Axis Short Term Direct Fund IDCW Weekly as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Axis Short Term Direct Fund IDCW Weekly provide?

The Axis Short Term Direct Fund IDCW Weekly has been there from 01 Jan 2013 and the average annual returns provided by this fund is 3.36% since its inception.

How much expense ratio is charged by Axis Short Term Direct Fund IDCW Weekly?

The term Expense Ratio used for Axis Short Term Direct Fund IDCW Weekly or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Axis Short Term Direct Fund IDCW Weekly is 0.28% as of 25 Jun 2022...

What is the AUM of Axis Short Term Direct Fund IDCW Weekly?

The AUM, short for Assets Under Management of Axis Short Term Direct Fund IDCW Weekly is ₹7,779.99Cr as of 25 Jun 2022.

How to Redeem Axis Short Term Direct Fund IDCW Weekly?

If you want to sell your Axis Short Term Direct Fund IDCW Weekly holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Axis Short Term Direct Fund IDCW Weekly?

You can select either SIP or Lumpsum investment of Axis Short Term Direct Fund IDCW Weekly based on your investment objective and risk tolerance.

What is the NAV of Axis Short Term Direct Fund IDCW Weekly?

The NAV of Axis Short Term Direct Fund IDCW Weekly is ₹10.22 as of 24 Jun 2022.

What is the PE and PB ratio of Axis Short Term Direct Fund IDCW Weekly?

The PE ratio ratio of Axis Short Term Direct Fund IDCW Weekly is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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