The Axis Short Term Fund - Growth Option is an open-ended debt scheme offered by Axis Mutual Fund and managed by Axis Asset Management Company Limited. The trustee company of Axis Mutual Fund is Axis Mutual Fund Trustee Limited. The Axis Short Term Fund - Growth Option has a moderately low risk factor, which makes it an ideal investment option for less-risk averse investors.
Investment Objective of the Axis Short Term Fund - Growth Option
The investment objective of the Axis Short Term Fund - Growth Option is to generate stable returns with a low risk strategy while ensuring that liquidity is maintained via investment in a portfolio that consists of money market and debt securities.
Key Features of the Axis Short Term Fund - Growth Option
Some of the significant features of the Axis Short Term Fund - Growth Option are as indicated in the table below:
| Type of fund | Open-ended debt scheme |
| Plans available |
|
| Options under each plan | Both the Regular Plan and the Direct Plan come with the following options:
|
| Risk | Moderately Low |
| Systematic Investment Plan | Available |
| Systematic Transfer Plan | Available |
| Systematic Withdrawal Plan | Available |
Investment Amount for the Axis Short Term Fund - Growth Option
Here is the information regarding the investment amounts and loads:
| Minimum application amount | Rs.5,000 and in multiples of Re.1 thereafter |
| Minimum additional investment | Rs.1,000 and in multiples of Re.1 thereafter |
| Minimum instalment for Systematic Investment Plan (SIP) |
|
| Entry Load | Not Applicable |
| Exit Load | Nil |
Asset Allocation for the Axis Short Term Fund - Growth Option
| Instruments | Allocations (Percentage of total assets) | Risk Profile |
| Debt and money market securities including securitised debt, corporate debt, government securities and other debt securities with maturity / residual maturity / average maturity / interest rates resets within 375 days | 30% to 100% | Low |
| Debt securities including securitised debt, corporate debt, government securities, and other debt securities with maturity / residual maturity / average maturity / interest rate resets over 375 days | 0% to 70% | Low to Medium |
NAV Disclosure and Benchmark for Axis Short Term Fund - Growth Option
The Net Asset Value of the Axis Short Term Fund - Growth Option is calculated on every business day by the Asset Management Company and is published in at least two national dailies that are circulated across India. The Net Asset Value of the Axis Short Term Fund - Growth Option is also updated by the Asset Management Company on its website as well as the website of the Association of Mutual Funds in India by 9:00 p.m. on each business day.
The benchmark adopted by Axis Short Term Fund - Growth Option is CRISIL Short Term Bond Fund Index.
Axis Short Term Fund - Growth Option Fund Manager
The Axis Short Term Fund - Growth Option is managed by Mr. Devang Shah who is currently the Fund Manager for Fixed Income at Axis Asset Management Company Ltd. He has been in charge of the Axis Short Term Fund - Growth Option for around three years now, and his past companies include ICICI Prudential Asset Management Company Ltd., Pricewaterhouse Coopers, and Deutsche Asset Management Pvt. Ltd. He manages a number of other schemes for Axis Mutual Fund, such as Axis Income Fund, Axis Constant Maturity 10 year Fund, Axis Fixed Income Opportunities Fund, Axis Liquid Fund, Axis Enhanced Arbitrage Fund, etc.
Why you should Invest in the Axis Short Term Fund - Growth Option
The Axis Short Term Fund - Growth Option is a good investment option for those who want regular income in addition to liquidity between the short and medium term by investing in money market and debt securities. It is an ideal option for investors who are less risk averse.
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