Debt
Direct
Government Bond
NAV as on 06-09-2024
₹ 25.51
Inception Returns
7.7%
/yr
Axis Gilt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sachin Jain, Devang Shah. This fund is suitable to keep your money safe.
Axis Gilt Fund Direct Growth has given a CAGR return of 7.74% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.68%, 6.33% and 7.25% respectively.
Axis Gilt Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.3% Govt Stock 2053, 7.18% Govt Stock 2033, 7.23% Govt Stock 2039, 7.34% Govt Stock 2064, 7.32% Govt Stock 2030
As it is a government bond mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Gilt Fund Direct Growth has no lock in period.
Expense ratio | 0.37% |
Benchmark | ICICI Securities Mibex TR INR |
AUM | ₹452 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 839.56% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Top Sector in July was Government
Axis Gilt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.92% | 0.92% |
6 Month Returns | 5.1% | 5.1% |
1 Year Returns | 10.68% | 10.68% |
3 Years Returns | 20.23% | 6.33% |
5 Years Returns | 41.91% | 7.25% |
AAA | 100 |