REGULAR
SAVINGS FUND
March 2017
About the Fund
Performance
(NAV Movement)
31 March 2017
Diversified
portfolio
15,746
Axis Regular Savings Fund - Growth
`
CRISIL Composite Bond Fund Index (Benchmark)
across fixed income
market
15,721
`
28 Mar 2012
stable
risk-return profie
Targets
Active Management
within a duration
range of
Axis Regular Savings Fund - Growth
Crisil Composite Bond Fund Index (Benchmark)
Crisil 10 Year Gilt Index (Additional Benchmark)
2 to 7 years
Average Maturity
Modified Duration
3.7
2.7
years
%
5 years
(CAGR) %
(CAGR) %
(CAGR) %
10.68%
11.09%
11.87%
10.73%
11.26%
11.41%
Since Current Value of
Inception Investment if
(28 Mar
` 10,000 was
2012)
invested on
(CAGR) % inception date
9.49%
9.45%
8.79%
9.48%
9.45%
8.86%
15,746
15,721
15,300
Corporate Bonds
G-sec and Money Market and
AAA instruments
Role
Core
Dynamic
Portfolio Strategy
Primarily credit
with some accrual
Accrual and Duration
Portfolio Allocation
80% or higher
Upto 20%
Sovereign/ AAA & equivalent$: 20%-30%
AA+/-: 40%-50%
A+/- : 20%-30%
Target
allocation range
(by Rating)
$AAA & Equivalent includes AAA/A1+-rated papers.
Rating Allocation
Portfolio Characteristics
8.36
3 years
Portfolio Strategy
• The fund is positioned to benefit from its core allocation
in medium term corporate bonds i.e. in the 3-5 year
space. The portfolio stance is expected to benefit from
the change in liquidity regime by RBI, transmission of
previous rate cuts and the compression in spreads in
the short to medium term segment of the curve.
• Given our market view on limited rate cuts, improving
corporate profitability and looking at a favorable risk
reward perspective, the fund has shifted from duration
and AAA corporate bonds to a majority allocation in
lower rated corporate bonds (below AAA rating). Over
a period of time, this allocation has been increased to
around 50%
• The portfolio design should help generate stable
returns while bringing down volatility relative to a
longer duration fund. Currently, the fund has duration
of around 2.7 years.
Yield to Maturity *
1 year
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception 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 46
schemes of Axis Mutual Fund.
Current strategy
years
10,000
`
Asset Allocation
AA+;
5.80%
SOV;
6.25%
AAA & Equivalent;
44.39%
A+;
9.62%
*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.
AA;
19.60%
AA-;
14.34%
Corporate
Bond; 74.93%
Zero Coupon
Bond; 7.71
State Government
Bond; 3.81
Government
Bond; 2.44
Investment Horizon
1 year
or
more
Total Money Market
Instruments^; 11.11
AAA & Equivalent: CRISIL AAA/ BWR AAA/ CRISIL AAA(SO)/ & Equivalent,
AA: ICRA AA/ CRISIL AA/ CARE AA/ CARE AA(SO), AA-: CRISIL AA-/ BWR AA(SO)/ CARE AA-, A+: BWR A+(SO)/ CARE A+/ ICRA A+, & AA+: ICRA AA+/
IND AA+
^ Includes Net Current Assets
Investing facts
Options
Growth &
Dividend
(Quarterly & Half yearly)
Fund Manager
Devang Shah
Work experience: 11 years
He has been managing this fund since 5th Nov. 2012.
Minimum Application Inception Date
Lumpsum
5000
`
multiples of ` 1
Mar 28
2012
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.
• The scheme was renamed earlier known as Axis Income Fund and was renamed w.e.f. April 10, 2017.
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
(w.e.f 30thJune 2016)
Entry Load
N.A.
Rtop 3 & Bottom 3 schemes managed by Devang Shah (Total schemes managed 46 schemes)
@
@@
(as on March 31, 2017)
Current Value of
Investment if
` 10,000 was
invested on
CAGR (%)
inception date
Since
Inception
1 year
3 years
5 years
CAGR (%)
CAGR (%)
CAGR (%)
11.28%
12.30%
7.15%
12.44%
12.30%
7.15%
11.23%
12.30%
7.15%
12.39%
12.30%
7.15%
11.03%
11.09%
11.87%
12.04%
11.09%
11.87%
6.70%
11.37%
7.85%
7.72%
11.37%
7.85%
6.76%
11.37%
7.85%
7.78%
11.37%
7.85%
10.62%
11.26%
11.41%
11.96%
11.26%
11.41%
9.36%
9.45%
8.79%
-
7.32%
11.47%
7.87%
8.36%
11.47%
7.87%
7.48%
12.04%
7.96%
8.51%
12.04%
7.96%
9.26%
9.21%
7.99%
10.48%
9.39%
8.26%
12,522
14,130
12,727
12,911
14,130
12,727
12,532
14,271
12,709
12,911
14,271
12,709
16,913
16,864
15,781
15,268
14,642
14,006
3.06%
12.30%
7.15%
4.04%
12.30%
7.15%
0.06%
-1.61%
3.87%
11.37%
7.85%
4.86%
11.37%
7.85%
-3.49%
1.16%
6.08%
11.00%
7.99%
7.09%
11.00%
7.99%
-1.15%
-0.11%
12,428
14,692
13,272
12,872
14,692
13,272
9,390
9,942
0.84%
-1.61%
-2.18%
1.16%
-3.29%
-2.88%
8,675
8,833
01-Jan-13
-5.20%
-1.61%
-0.80%
1.16%
-2.39%
-1.07%
Not Applicable
Not Applicable
-1.39%
-1.07%
Not Applicable
3.95%
4.11%
12,808
12,937
10-Nov-10
Date of
Inception
DEVANG SHAH
Top 3 schemes
Axis Hybrid Fund - Series 8 - Growth #
Crisil MIP Blended Fund Index (Benchmark)
Crisil 1 yr Tbill Index (Additional Benchmark)
Axis Hybrid Fund - Series 8 - Direct Plan - Growth #
Crisil MIP Blended Fund Index (Benchmark)
Crisil 1 yr Tbill Index (Additional Benchmark)
Axis Hybrid Fund - Series 9 - Growth #
Crisil MIP Blended Fund Index (Benchmark)
Crisil 1 yr Tbill Index (Additional Benchmark)
Axis Hybrid Fund - Series 9 - Direct Plan - Growth #
Crisil MIP Blended Fund Index (Benchmark)
Crisil 1 yr Tbill Index (Additional Benchmark)
Axis Dynamic Bond Fund - Growth
Crisil Composite Bond Fund Index (Benchmark)
Crisil 10 Year Gilt Index (Additional Benchmark)
Axis Dynamic Bond Fund - Direct Plan - Growth
Crisil Composite Bond Fund Index (Benchmark)
Crisil 10 Year Gilt Index (Additional Benchmark)
24-Jan-14
24-Jan-14
13-Feb-14
13-Feb-14
27-Apr-11
01-Jan-13
Bottom 3 schemes
Axis Hybrid Fund - Series 5- Growth #
CRISIL MIP Blended Index (Benchmark)
CRISIL 1 Year T-Bill (Additional Benchmark)
Axis Hybrid Fund - Series 5 - Direct Plan - Growth #
CRISIL MIP Blended Index (Benchmark)
CRISIL 1 Year T-Bill (Additional Benchmark)
Axis Gold Fund - Growth
Domestic Price of Gold
Additional Benchmark
Axis Gold Fund - Direct Plan
Domestic Price of Gold
Additional Benchmark
Axis Gold ETF
Domestic Price of Gold
Additional Benchmark
25-Jul-13
25-Jul-13
20-Oct-11
#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 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.
@@The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years.
Data as on March 31, 2017.
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 Constant Maturity Fund, Axis Income Fund, Axis Enhanced Arbitrage 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 Fixed Income Opportunities Fund since inception and Axis Treasury Advantage Fund and Axis Income Saver (Debt portion), Axis Gold Fund, Axis Gold ETF and all
Axis Fixed Term Plans since 7th June, 2016 (since inception date for Axis Fixed Term Plans launched after 7th June, 2016).
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.
(an open-ended debt fund)
This product is suitable for investors who are seeking*:
*Investors should consult their financial advisers if in doubt
about whether the product is suitable for them.
Low
M
ely Moderate ode
rat
Hig rate
de ow
o
h ly
M L
LOW
High
• Optimal returns over medium term
• Investment in diversified portfolio of high quality
debt and money market securities to generate
optimal risk adjusted returns while maintaining
liquidity
Distributed by
Riskometer
Axis Regular Savings Fund
HIGH
Investors understand that their principal will be
at moderate risk