Fundalysisby DARKHORSESTOCKS

Scheme

Axis Credit Risk Fund

Holds 8 companies worth ₹32.6 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹378 CrAxis Credit Risk Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.2% on Aug 2026, ₹395 Cr.

  • Largest holding

    Capital Infra TrustCapital Infra Trust is 1.7% of this scheme's NAV.

  • Fund manager

    Devang ShahRuns its co-manager part since 15 Jul 2014, as the fund house dates it. With Akhil Thakker (co-manager).

Overview(28 Sept 2026)

Fund managers2

  1. Devang ShahCo-manager, debt · Jul 2014
  2. Akhil ThakkerCo-manager, debt · Nov 2021

    Key facts

    Benchmark
    CRISIL Credit Risk Debt B-II Index
    Risk
    High
    Expense
    Regular 1.61% · Direct 0.82%
    Exit load
    10% within 1 month
    Started
    15 Jul 2014
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 28 Sept 2026 at AMFI.

    What changed(6 changes)

    Sept 2026

    1 change
    1. Expense ratio
      10 SeptRegular 1.58% → 1.61%Direct 0.81% → 0.82%

    May 2026

    1 change
    1. Expense ratio
      17 MayRegular 1.57% → 1.58%Direct 0.8% → 0.81%

    Feb 2026

    1 change
    1. Exit load
      24 FebIf red/swtout within 12 mnths from the date of alltmnt:For 10% of inv.ment:Nil on FIFO, For rem. inv.ment:1% w.e.f 10/11/2017. → 10% within 1 month

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Jul 2014 – now)

    1. Devang Shah
    2. Akhil Thakker
    MainCoSlice201520172019202120232025
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Sept 2026)

    Every change to the expense ratio, newest first.
    5 changesRegularDirectΔ pt
    10 Sept 20261.61%0.82%0.01
    17 May 20261.58%0.81%0.01
    9 Apr 20251.57%0.80%0.01
    25 Mar 20251.58%0.81%0.01
    21 Aug 20241.57%0.80%–
    Direct plan, 10 Sept 2026
    0.82%
    Regular plan 1.61% · Exit load 10% within 1 month
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(28 Sept 2026)

    Objective

    To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

    Risk, type and benchmark

    Riskometer
    High
    At launch
    High
    Risk class
    C-III: relatively high credit risk, relatively high interest-rate risk
    Type
    An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds). A relatively high interest rate risk and relatively high credit risk.
    Benchmark
    CRISIL Credit Risk Debt B-II Index

    Asset allocation it may hold% of NAV

    1. Corporate Debt rated AA and below
      Allowed65–100%
    2. Other Debt & Money Market instruments
      Allowed0–35%
    3. Units issued by InvITs
      Allowed0–10%Holds6.3%

    Holds in Sept 2026.2.3% equity · 91.4% debt and cash · 6.3% REITs and InvITs

    How to invest(28 Sept 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹100, then in multiples of ₹1
    Systematic
    SIP - Daily / Weekly / Monthly / Yearly SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
    Dates
    SIP - Except 29,30 and 31 all dates SWP - Any Business Day, STP - Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25
    Minimum
    SIP Daily, Weekly - 100, Monthly 1000.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00, then in multiples of ₹1
    Instalments
    SIP Daily -6, Weekly - 6, Monthly - 6 SIP - Yearly - 3 SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2

    Selling and switching

    Scheme details(28 Sept 2026)

    What it is

    Category
    Credit Risk Fund
    Offer
    25 Jun 2014 to 9 Jul 2014
    Started
    15 Jul 2014
    Reopened
    21 Jul 2014
    Plans
    Direct Growth Direct Monthly IDCW Direct Weekly IDCW Regular Growth Regular Weekly IDCW Regular Monthly IDCW
    Face value
    ₹10
    Listed
    Unlisted

    How it is run

    Swing pricing
    Yes
    Side-pocketing
    Yes
    Custodian
    DEUTSCHE BANK AG
    Auditor
    B S R & Co. LLP
    Registrar
    Kfintech Ltd
    SEBI code
    AXIS/O/D/CRF/14/03/0017