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STRATEGIC BOND FUNDAn open ended medium term debt scheme investingin instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years
FORMERLY KNOWN AS AXIS REGULAR SAVINGS FUND
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception (28 March 2012) returns is calculated on ̀ 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 33 schemes & Dhaval Patel is managing the scheme since 1st June 2018 of Axis Mutual Fund. Returns greater than 1 year are Compounded Annual Growth Rates (CAGR).
August 2018
About the Fund
Actively managed; investing
in
in
the space
medium-term corporate bonds
2-4 year
Performance (NAV Movement)
Axis Strategic Bond Fund - Growth
NIFTY Medium Duration Debt Index (Benchmark)
17,261`16,878
10,00028 Mar 2012
`
`
Diversified portfolio
across fixed income market
Targets
profile
stable risk-return
31 August 2018
1 Year 3 Years 5 Years Since Inception
CAGR (%)
CurrentValue of
Investment of
` 10,000/-
CAGR (%)
CurrentValue of
Investment of
` 10,000/-
CAGR (%)
CurrentValue of
Investment of
` 10,000/-
CAGR (%)
CurrentValue of
Investment of
` 10,000/-
Axis Strategic Bond Fund - Growth 5.18% 10,518 8.33% 12,717 9.63% 15,848 8.86% 17,261
NIFTY Medium Duration Debt Index (Benchmark) 2.61% 10,261 7.23% 12,332 8.87% 15,305 8.48% 16,878
CRISIL 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 6.69% 15,164
Risk Management
SectorControlled through diversification and stringent review of investable sectors;Regulatory limits on sector exposure
Rating Allocation
Current strategy
2.2years
Modified Duration
1.8years
Yield to Maturity *
9.46%
Investment Horizon
Average Maturity
*The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that may be generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculations are based on the invested corpus.
1 year more
or
Portfolio Characteristics
Risk Management
The fund as part of its revised investment mandate aims to invest 60-70% in non-AAA bonds with a duration target range of 3- 4 years. The short term space currently looks attractive from a risk reward basis and hence the fund is allocated assets to AAA securities on an incremental basis. The portfolio design should help generate stable returns while bringing down volatility relative to a longer duration fund. Currently, the fund has duration of 1.8 years.
Note: • Portfolio allocation, maturity & duration is based on the current market conditions and is subject to changes depending on the fund manager’s view of the markets.
Fund ManagerDevang ShahGrowth &
Dividend(Quarterly & Half yearly)
Options
Investing facts
Entry Load N.A.
Inception Date
Mar 282012
Minimum Application
`5000Lumpsum
multiples of ` 1
Work experience: 13 years He has been managing this fund since
th5 Nov. 2012.
$AAA & Equivalent includes AAA/A1+-rated papers.
Risk
CreditFocus on high quality issuersInvestment Universe based on credit research
DiversificationExposure to each issuer limited by its rating Tight position limits
Duration Strictly adhere to duration limits specified in offer documents & investment policy
Liquidity Liquidity/impact cost part of security selection/portfolio construction Optimize balance of credit quality, returns and liquidity
Rating
Sovereign/ AAA & equivalent$
AA+/-
A+/-
Mar-17 Aug-18
50.7%
39.7%
9.6%
40.0%
44.0%
16.1%
Target
30-40
50-60
10-20
Exit Load If redeemed / switched-out within 12 months : - For 10% of investment : Nil. - For remaining investment : 1%. If redeemed/ switched out after 12 months from the date of allotment: Nil
Fund ManagerDhaval PatelWork experience: 15 years Managing this scheme since: June 1, 2018
Top 3 & Bottom 3 schemes managed by Devang Shah (As on August 31, 2018)
Only for distributors/advisors and their clients.#Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme.
@@The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. @The performance data for 3 years period has not been provided for scheme/plan not in existence for 3 years.
The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 2018.
Data as on August 31, 2018.
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on Rs. 2026.8384/- for Gold ETF & Rs. 10/- for all other schemes. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.
The above data excludes performance of Fixed Maturity Plans and all the schemes which have not completed a year. Top 3 and Bottom 3 schemes (based on 1 year performance) managed by Devang Shah has been provided herein.
Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Gilt Fund , Axis Strategic Bond Fund and Axis Short Term Fund and all Axis Hybrid Funds since 5th November 2012 (since inception date for Axis Hybrid Funds launched after 5th November, 2012), Axis Credit Risk Fund and Axis Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Regular Saver (Debt portion), Axis Gold Fund, Axis Gold ETF , all Axis Fixed Term Plans since 7th June, 2016 (since inception date for Axis Fixed Term Plans launched after 7th June, 2016) and Axis Corporate Debt Fund since July 13th, 2017.
Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ̀ 1 lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Axis Strategic Bond Fund(An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years)
This product is suitable for investors who are seeking*:
• Optimal returns over medium term.
• Investment in diversified portfolio of debt and money market securities to generate optimal risk adjusted returns while maintaining liquidity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Riskometer
Investors understand that their principal will be at moderate risk
LOW HIGH
Moderate ModeratelyHighModerately
Low
HighLo
w
Distributed by
DEVANG SHAH (Total schemes managed: 33)
1 Year @3 Years@@5 Years Since Inception
Date of Inception CAGR
(%)
CurrentValue of
Investmentof ` 10,000/-
CAGR (%)
CurrentValue of
Investmentof ` 10,000/-
CAGR (%)
CurrentValue of
Investmentof ` 10,000/-
CAGR (%)
CurrentValue of
Investmentof ` 10,000/-
Axis Strategic Bond Fund - Growth 28-Mar-12 5.18% 10,518 8.33% 12,717 9.63% 15,848 8.86% 17,261
NIFTY Medium Duration Debt Index (Benchmark) 2.61% 10,261 7.23% 12,332 8.87% 15,305 8.48% 16,878
CRISIL 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 6.69% 15,164
Top 3 schemes
Axis Hybrid Fund - Series 30 - Growth# 11-Feb-16 12.57% 11,257 NA NA NA NA 14.27% 14,058
Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 3.56% 10,356 NA NA NA NA 9.67% 12,658
CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 NA NA NA NA 6.35% 11,702
Axis Hybrid Fund - Series 27 - Growth# 29-Oct-15 12.11% 11,211 NA NA NA NA 8.74% 12,687
Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 3.56% 10,356 NA NA NA NA 8.15% 12,493
CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 NA NA NA NA 6.38% 11,920
Axis Hybrid Fund - Series 29 - Growth# 01-Feb-16 12.15% 11,215 NA NA NA NA 12.33% 13,501
Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 3.56% 10,356 NA NA NA NA 9.04% 12,503
CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 NA NA NA NA 6.34% 11,720
Bottom 3 schemes
Axis Dynamic Bond Fund - Growth 27-Apr-11 1.51% 10,151 6.97% 12,243 8.43% 14,995 8.17% 17,812
NIFTY Composite Debt Index (Benchmark) 1.01% 10,101 6.80% 12,184 8.70% 15,179 8.02% 17,629
CRISIL 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 6.27% 15,640
Axis Gold ETF 10-Nov-10 1.37% 10,137 2.38% 10,730 -3.30% 8,456 3.66% 13,243
Domestic Price of Gold (Benchmark) 2.40% 10,240 4.79% 11,509 -1.58% 9,232 4.16% 13,754
Axis Gilt Fund - Growth 23-Jan-12 -1.43% 9,857 5.93% 11,888 7.25% 14,194 6.34% 15,007
NIFTY All Duration G-Sec Index (Benchmark) -1.02% 9,898 6.05% 11,929 7.70% 14,496 6.85% 15,491