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This Credit Risk Fund Has Given 11.72% SIP Returns In 3 Years, Check Out Portfolio

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While the world of mutual funds offers a great deal of flexibility, the financial instrument is vulnerable to a variety of systematic and unsystematic risks. They can be caused by a variety of circumstances, including internal and global events, which might have a negative impact on their performance.

 

In this article, we have highlighted one credit risk fund. The fund has offered good returns since its inception. Check out this credit risk mutual fund's returns, details and portfolio.

Axis Credit Risk Fund - Direct Plan-Growth

Axis Credit Risk Fund - Direct Plan-Growth

As the name suggests, this is a credit Risk with an Asset under managed worth Rs 739.23 crore. It is an open-ended debt mutual fund. The expense ratio of this fund is 0.81%. It is the same as the category average return. The NAV of this fund's Direct Plan-Growth is Rs 18.7481 as of 8th April 2022. This fund is a medium-sized fund of its category. 

It has been rated 4 stars by the CRISIL and Value Research. The minimum investment amount required in this scheme is Rs 5,000 and for SIP investment the minimum amount required is Rs 1,000. This fund is managed by Mr Devang Shah and Mr Akhil Thakker. 

Absolute And Annualised Returns
 

Absolute And Annualised Returns

Lump-Sum Investment Returns

Since its launch, it has delivered 8.46% average annual returns.

Investment PeriodAbsolute ReturnsAnnualised Returns
1 Year6.28%6.28%
2 Year16.09%7.74%
3 Year21.97%6.84%
5 Year42.19%7.29%
Since Inception87.48%8.46%

SIP Returns

SIP PeriodAbsolute ReturnsAnnualised Returns
1 Year2.95%5.51%
2 Year7.25%6.88%
3 Year11.72%7.33%
5 Year19.95%7.21%
Portfolio

Portfolio

The fund has a debt investment of 94.96 per cent, with 10.88 per cent in government securities and 73.56 per cent in funds investing in extremely low-risk securities. The fund's credit profile is poor, meaning that it has loaned to borrowers of average quality. Because the majority of funds in this category lend to stronger borrowers, the risk of default in this fund is higher than in the category.

Government of India, Telesonic Network Ltd., Aditya Birla Fashion and Retail Ltd., Bahadur Chand Investments Pvt. Ltd., and Nirma Ltd. are the fund's top holdings.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.

Story first published: Saturday, April 9, 2022, 20:25 [IST]
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