Axis Strategic Bond Fund - Direct Plan - Growth Option
Fund Overview
An open-ended medium-term debt scheme that primarily invests in fixed-income securities. The fund targets a Macaulay duration of three to four years, aiming for optimal returns while maintaining liquidity.
The strategy blends tactical duration management with a buy-and-hold approach, focusing on high-quality corporate and government assets to navigate interest-rate cycles.
Key Information
- Category: Medium-Term Debt Fund
- Inception Date: March 28, 2012
- Benchmark: CRISIL Medium-Term Debt Index
- Risk Level: Moderately High
Key Metrics & Performance
Portfolio Composition
Asset Allocation
Duration & Management
The fund's portfolio is actively managed to maintain a specific interest rate sensitivity, measured by duration.
- Macaulay Duration: ~3.86 years
- Modified Duration: ~3.7 years
Fund Managers
- Devang Shah (since Nov 2012)
- Sachin Jain (since Feb 2023)
- Akhil Bipin Thakker (since Feb 2023)
SIP & Lumpsum Performance
Lumpsum Returns (CAGR)
| Period | Return (%) |
|---|---|
| 1 Year | 10.13% |
| 3 Years | 7.67% |
| 5 Years | 7.43% |
| Since Inception | 8.11% |
SIP Returns
| Period | Return (%) |
|---|---|
| 1 Month | 1.26% |
| 6 Months | 5.69% |
| 1 Year | 10.81% |
| 3 Years | 9.03% |
| 5 Years | 8.04% |
Want to explore other fund types? Check out Axis ELSS Tax Saver Fund.
Axis Strategic Bond Fund Direct Growth - Portfolio Analysis
Rating Profile
Credit Rating Distribution
Breakdown by credit quality
Rating Statistics
Detailed allocation percentages
Approach to Credits
Credit Selection Strategy
Rigorous process for credit investments
- Well researched credit universe - Comprehensive analysis of available options
- In-depth fundamental analysis - Liquidity analysis, financial review, and management interactions
- Sector diversification - Spread exposure across multiple industries
- Sector caution - Very selective approach to sector allocation
- Risk management - Diversification to manage potential risks
- Shorter maturities - Focus on lower maturity credits
- Accrual strategy - Pure accrual play with buy and hold approach
- Duration discipline - No active duration call in lower rated papers
AXIS Asset Management
Exposure limits and risk controls
Risk Management Framework
The portfolio adheres to a disciplined risk management approach with:
- Continuous monitoring of credit quality
- Regular stress testing of holdings
- Pre-defined exit strategies for underperforming credits
- Comprehensive reporting on risk metrics
Risk Analysis
Product Riskometer
Risk assessment visualization
Risk Comparison
Scheme vs. Benchmark
The scheme's moderately high risk profile reflects its strategic allocation to higher-yielding instruments while maintaining a diversified portfolio structure.
Top 10 Non-AAA Holdings
Significant positions below AAA rating
| Company | Rating | % of Portfolio |
|---|---|---|
| Nirma Limited | CRISIL AA | 3.15% |
| Vedanta Limited | ICRA AA | 3.11% |
| Nuvama Wealth Finance | CARE AA- | 3.01% |
| Aadhar Housing Finance | ICRA AA/IND AA | 2.99% |
| DLF Cyber City Developers | ICRA AA+ | 2.88% |
| Tata Projects | CRISIL AA/IND AA | 2.62% |
| Aptus Finance India | CARE AA- | 2.57% |
| Aditya Birla Real Estate | CRISIL AA | 2.34% |
| Aditya Birla Digital Fashion | CRISIL AA- | 2.10% |
| DLF Home Developers | ICRA AA | 2.08% |
Note: PTC = Pass Through Certificates, InvIT = Infrastructure Investment Trust, NCA = Net Current Assets
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