3 Year return

5.72%
Launched on February 2013 (11 years)

Investment Details

₹1000

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹32647.93 Cr.

Expense Ratio

0.17% (inclusive of GST)

Exit Load

0.0070% - If redemption/switch out within 1 days from the date of allotment. 0.0065% - If redemption/switch out within 2 days from the date of allotment. 0.0060% - If redemption/switch out within 3 days from the date of allotment. 0.0055% - If redemption/switch out within 4 days from the date of allotment. 0.0050% - If redemption/switch out within 5 days from the date of allotment. 0.0045% - If redemption/switch out within 6 days from the date of allotment. Nil - If redemption/switch out within 7 days from the date of allotment.

Ratings

ARQ Rating
5

Ratings by other agencies

3
3
0

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Axis Mutual Fund Managers

DS

Devang Shah

Fund Manager since Jun 2017

View Details

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹275,166.00 Cr.
No. of Schemes 245
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About Axis Liquid Fund Direct Plan Monthly IDCW Payout

The Axis Liquid Fund Direct Plan Monthly IDCW Payout is managed by Axis Mutual Fund. This fund falls under the "Debt-Liquid" category, which means it primarily invests in short-term debt securities like government bonds, treasury bills, and money market instruments. The Axis Liquid Fund is an open-ended fund, which means you can buy and sell units on any business day. This provides the advantage of easy liquidity and the flexibility to enter or exit the fund as per your convenience. The expense ratio of the fund is marginally higher than the category average, but is low compared to mutual funds in general. This means that the fund charges lower fees to investors, which can help to improve their returns.

Investment Objectives of the Scheme

The main objective of the Axis Liquid Fund is to provide a safe and relatively stable avenue for parking your surplus funds in the short term. It aims to generate reasonable returns with a focus on capital preservation and liquidity.

Key Features of The Fund

5-year return 5.75%
Expense Ratio 0.17%
Fund Manager Devang Shah
Fund Size ₹32647.93 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

This fund is particularly suitable for investors who seek a low-risk investment option with liquidity as a priority. If you have idle funds that you want to earn a slightly higher return on than a regular savings account, and you're looking for minimal volatility, the Axis Liquid Fund might be a suitable choice. However, it is important to remember that this is a money market fund and its returns are not guaranteed.

AMC Contact Details

Name Axis Mutual Fund
Launch Date January 2009
Addresss Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact 8108622211
Email customerservice@axismf.com
Website https://www.axismf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Reach Your Goals Faster with SIP

Many investors choose Systematic Investment Plans (SIPs) to invest in mutual funds. SIPs allow for disciplined investing by setting up a fixed amount to be invested regularly. This approach helps average out the cost per unit over time and reduces the impact of market volatility. To plan your SIP investment and estimate potential returns, try Angel One's free SIP investment calculator.

FAQs

What is today's NAV of Axis Liquid Fund Direct Plan Monthly IDCW Payout?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Axis Liquid Fund Direct Plan Monthly IDCW Payout May 27 2024 is 1000.6876

What is the AUM of Axis Liquid Fund Direct Plan Monthly IDCW Payout?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Axis Liquid Fund Direct Plan Monthly IDCW Payout is 32647.93 crore.

What is the expense ratio of Axis Liquid Fund Direct Plan Monthly IDCW Payout?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Axis Liquid Fund Direct Plan Monthly IDCW Payout is 0.17%

What are the returns of Axis Liquid Fund Direct Plan Monthly IDCW Payout since inception?

The Axis Liquid Fund Direct Plan Monthly IDCW Payout was launched on Feb 01 2013. The fund has delivered a CAGR of 7.02 since inception.

What is the minimum SIP amount to invest in Axis Liquid Fund Direct Plan Monthly IDCW Payout?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Axis Liquid Fund Direct Plan Monthly IDCW Payout is 1000.

How do I invest in Axis Liquid Fund Direct Plan Monthly IDCW Payout?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Axis Liquid Fund Direct Plan Monthly IDCW Payout?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Axis Liquid Fund Direct Plan Monthly IDCW Payout?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Axis Liquid Fund Direct Plan Monthly IDCW Payout?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.