Sharpe ratio
0.24Return earned for the risk taken.
Moderate
Moderate risk-adjusted returns. The reward for risk has been average.
+4.05%1Y Absolute Return
-0.21%1D
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Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| Axis Gilt Fund - Direct Plan - Growth OptionFund 5Y annualised return | ₹8,47,723 | ₹7,32,612 | ₹1,15,111 | +6.06% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.07
₹1 Lakh since launch₹1.07 Lakh
Fund age13.9 yrs
Fund information
Scheme code120447
ISININF846K01DD4
BenchmarkCRISIL Dynamic Gilt Index
CategoryDebt Scheme - Gilt Fund
Expense ratio0.46%
Exit loadNil
Minimum SIP₹1,000 SIP
Return comparison
11th / 139 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +17.20% | — | — |
| 3M | -2.91% | — | — |
| 6M | +6.64% | — | — |
| 1Y | +4.05% | — | +1.30% |
| 3Y | +7.10% | — | +3.90% |
| 5Y | +6.06% | — | +3.47% |
| 10Y | +6.79% | — | — |
| Since Launch | +7.35% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
0.35Return earned while limiting downside risk.
Moderate
Moderate downside risk-adjusted performance.
Standard deviation
3.33%How much the fund’s returns fluctuate over time.
Low volatility
Returns have been relatively stable.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
0.66How well the fund rewarded investors relative to its biggest decline.
Good
Good return relative to the drawdowns experienced.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Portfolio100%
Debt88.21%
Cash11.79%
Market cap allocation
Market-cap classifications were not present in the latest portfolio disclosure.
Sector allocation
Equity exposure by sector
Top holdings
10 of 22 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100 | Entities | GOI Securities | 17.443% |
| GOVERNMENT OF INDIA 36320 GOI 18AG55 7.24 FV RS 100 | Entities | GOI Securities | 17.271% |
| GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 | Entities | GOI Securities | 17.0774% |
| Net Receivables | Unspecified | Net Receivables | 11.7888% |
| GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100 | Entities | GOI Securities | 5.7223% |
| GOVERNMENT OF INDIA 34733 GOI 05AG54 7.09 FV RS 100 | Entities | GOI Securities | 5.6539% |
| 7.71% GOI 18-May-2066 | Entities | GOI Securities | 4.8317% |
| STATE DEVELOPMENT LOAN 37052 BH 11FB39 7.86 FV RS 100 | Unspecified | State Development Loan | 4.7567% |
| STATE DEVELOPMENT LOAN 34149 HAR 27MR35 7.49 FV RS 100 | Unspecified | State Development Loan | 3.4483% |
| GOVERNMENT OF INDIA 36185 GOI 07JL40 6.68 FV RS 100 | Entities | GOI Securities | 2.8666% |
Fund management
SA
Sachin Jain
Since 2023 · Prior to joining Axis Asset Management Company Ltd., he has worked with Sundaram Mutual Fund, I- Cap, Sunidhi securities and Finance Ltd.
Mr. Jain is a B.Tech, AGMP (Management)
DE
Devang Shah
Since 2012 · Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
Mr. Shah is B.Com and ACA.
Compare similar funds
No comparable category funds are available yet.
Summary
A moderate-risk debt scheme - gilt fund. Same fund manager for 14+ years — the strategy has not chopped and changed. Top 10 holdings make up 91% — a handful of stocks can swing returns sharply.
Strengths
- Same fund manager for 14+ years — the strategy has not chopped and changed.
- Ranks 11 of 139 in its category over 1 year.
Weaknesses
- Top 10 holdings make up 91% — a handful of stocks can swing returns sharply.
- Has fallen sharply before — down -11.1% at its worst.
Ideal investor
- Needs a 1–3 years depending on duration horizon to ride out its moderate risk level.
Risk drivers
- Top 10 holdings = 91% of the portfolio.
- Entities makes up 76% — trouble in that sector hits the whole fund.