Axis liquid fund is an open ended mutual fund scheme offered by Axis Mutual Fund. Axis Mutual Fund is the asset management company of Axis Bank. With an average AUM of Rs. 10,222,114.70 lakhs, presence in 100 cities and 41 lakh active investor accounts, Axis Mutual Fund is one of the fastest growing AMCs in India.
Note: All information has been sourced from the official website of Axis Mutual Fund.
Liquid funds are debt funds which primarily invest in debt securities with maturities upto 91 days. These securities include treasury bills, certificates of deposits, government securities and other short-term money market instruments.
Axis Liquid Fund is an open-ended debt fund which primarily invests in debt securities such as treasury bills, commercial papers, certificate of deposits and various other money market instruments with short maturities.
Following are a few salient features of Axis Liquid Fund
| Name | Axis Liquid Fund |
| Type | Open Ended |
| Category | Debt: Liquid |
| Investment Objective | To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the Scheme will be achieved. |
| Suitable for | |
| NAV | Growth/Regular: Rs. 2156.4301 Growth/Direct: Rs. 2166.038 NAV as on Dec 10, 2019 |
| AUM | Rs. 30,628 crore (As on Nov 30, 2019) |
| Fund House | Axis Mutual Fund |
| Benchmark | NIFTY Liquid Fund TRI |
| Risk | Low |
| Return Rate 1 Yr | 6.77% |
| Return Rate 3 Yrs | 6.96% |
| Return Rate 5 Yrs | 7.39% |
| Fund Manager | Mr. Devang Shah and Mr. Aditya Pagaria |
| Entry/Exit Load | Nil |
| Options | Growth and Dividend |
| Minimum Application | Growth option: Rs. 500 & multiples of Re. 1 All other options: Rs. 5000 & multiples of Rs. 1 |
| SIP/STP/SWP | Available |
| Tax Implications | Gains on debt mutual funds held for 36 months or more are treated as long-term capital gains and taxed at the rate of 20% after indexation benefits Returns are taxed at Marginal rate of taxation, if you redeem before 36 months |
| Asset Allocation | Money market securities (including Government securities, Treasury Bills, CDs, CPs, repo and cash) with maturity periods less than 91 days - 50% to 100% Debt securities (including securitised debt and floating rate debt securities) with maturity periods less than 91 days - 0 to 50% |
| Company | Instrument | Credit Rating | 1Y Range | % Assets |
|---|---|---|---|---|
| Reserve Bank of India 91-D 05/12/2019 | Treasury Bills | SOV | 0.00 - 7.18 | 7.18 |
| Reserve Bank of India 91-D 30/01/2020 | Treasury Bills | SOV | 0.00 - 4.19 | 4.19 |
| Reserve Bank of India 182-D 30/01/2020 | Treasury Bills | SOV | 0.00 - 2.67 | 2.67 |
| Reliance Retail Ltd. 83-D 30/01/2020 | Commercial Paper | A1+ | 0.00 - 2.43 | 2.43 |
| Chennai Petroleum Corp. 57-D 31/12/2019 | Commercial Paper | A1+ | 0.00 - 2.28 | 2.28 |
| Reserve Bank of India 91-D 12/12/2019 | Treasury Bills | SOV | 0.00 - 2.31 | 1.83 |
| 9.11% HDFC 2019 | Debenture | AAA | 0.00 - 1.79 | 1.75 |
| Reserve Bank of India 91-D 26/12/2019 | Treasury Bills | SOV | 0.00 - 1.73 | 1.71 |
| Aditya Birla Finance 68-D 31/12/2019 | Commercial Paper | A1+ | 0.00 - 1.65 | 1.63 |
| Reliance Jio Infocomm 62-D 02/12/2019 | Commercial Paper | A1+ | 0.00 - 1.63 | 1.63 |
You can invest in Axis Liquid Fund from the official website of Axis Mutual Fund. Simply create/register an account, select the fund, add the bank details, and choose the SIP/Lump Sum option along with the initiation date. Once initiated, the investment is successful and the units will be allocated within a few days.
The following documents are required to buy Axis Liquid Fund
