Axis Credit Risk Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 37 (Category Avg - 35.50) | Modified Duration 2.15 Years (Category Avg - 2.14)| Yield to Maturity 8.08% (Category Avg - 7.58%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	6.25%	14.87%
CD	0.00%	1.35%
CP	0.00%	0.06%
NCD & Bonds	81.31%	70.97%
PTC	2.76%	1.43%

Category - Credit Risk Fund

Security Type	% Weight	Category Average
Government Backed	6.25%	14.87%
Low Risk	68.88%	65.80%
Moderate Risk	15.19%	7.57%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Credit Risk Fund

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Jubilant Bevco Ltd.	NCD & Bonds	Restaurants	AA	CRISIL	159.28	4.34%	1.50 k
Bond - Jtpm Metal Traders Pvt Ltd.	NCD & Bonds	Trading - metals	AA	CRISIL	152.87	4.16%	1.50 k
Bond - Aditya Birla Renewables Ltd.	NCD & Bonds	Power generation	AA	CRISIL	152.33	4.15%	1.50 k
Bond - Altius Telecom Infrastructure Trust	NCD & Bonds	Telecom - infrastructure	AAA	CRISIL	152.33	4.15%	1.50 k
Bond - Narayana Hrudayalaya Ltd.	NCD & Bonds	Hospital	LAA	ICRA	152.29	4.15%	1.50 k
Bond - Nirma Ltd.	NCD & Bonds	Household products	AA	CRISIL	151.77	4.13%	1.50 k
Bond - Infopark Properties Ltd.	NCD & Bonds	Real estate investment trusts (reits)	CARE AA-	CARE	150.97	4.11%	1.50 k
Bond - Aditya Birla Digital Fashion Ventures Ltd.	NCD & Bonds	Speciality retail	AA-	CRISIL	150.92	4.11%	1.50 k
Bond - Govt of India	GOI	Other			124.42	3.39%	12.00 L
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	LAA	ICRA	120.58	3.28%	1.20 k
Bond - Jubilant Beverages Ltd.	NCD & Bonds	Other beverages	AA	CRISIL	105.91	2.89%	1.00 k
Bond - Delhi International Airport Ltd.	NCD & Bonds	Airport & airport services	LAA	ICRA	102.78	2.80%	1.00 k
Bond - Bamboo Hotel And Global Centre (Delhi) Private Ltd.	NCD & Bonds	Hotels & resorts	LA+	ICRA	101.60	2.77%	1.00 k
Bond - GMR Hyderabad International Airport Ltd.	NCD & Bonds	Airport & airport services	LAA+	ICRA	101.27	2.76%	1.00 k
Bond - GMR Airports Ltd.	NCD & Bonds	Airport & airport services	A+	CRISIL	101.02	2.75%	1.00 k
Bond - Veritas Finance Pvt Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	100.46	2.74%	1.00 k
Bond - Motilal Oswal Finvest Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA+	ICRA	100.26	2.73%	1.00 k
Bond - Keystone Realtors Private Ltd.	NCD & Bonds	Residential, commercial projects	LA+	ICRA	100.22	2.73%	1.00 k
Bond - IKF Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE A+	CARE	99.59	2.71%	1.00 k
Bond - Birla Corporation Ltd.	NCD & Bonds	Cement & cement products	LAA	ICRA	93.02	2.53%	230.00
Bond - Aptus Finance India Private Ltd.	NCD & Bonds	Housing finance company	CARE AA	CARE	87.49	2.38%	1.00 k
Bond - Aadhar Housing Finance Ltd.	NCD & Bonds	Housing finance company	LAA	ICRA	81.33	2.22%	800.00
Bond - Govt of India	GOI	Other			80.06	2.18%	8.00 L
Bond - Tyger Capital Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	A+	CRISIL	80.03	2.18%	800.00
Bond - Lodha Developers Ltd.	NCD & Bonds	Residential, commercial projects	LAA	ICRA	79.99	2.18%	800.00
Bond - Vistaar Financial Services Pvt Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE A+	CARE	75.16	2.05%	1.00 k
Bond - Radhakrishna Securitisation Trust	PTC	Ptc	AAA	CRISIL	70.71	1.93%	7.00
Bond - Aptus Value Housing Finance India Ltd.	NCD & Bonds	Housing finance company	CARE AA	CARE	69.83	1.90%	700.00
Bond - Embassy Office Parks Reit	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	51.07	1.39%	500.00
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	AA	CRISIL	50.07	1.36%	500.00
Bond - DLF Cyber City Developers Ltd.	NCD & Bonds	Residential, commercial projects	LAAA	ICRA	40.69	1.11%	400.00
Bond - Shivshakti Securitisation Trust	PTC	Ptc	AAA	CRISIL	30.37	0.83%	3.00
Bond - Nuvama Wealth Finance Ltd.	NCD & Bonds	Stockbroking & allied	CARE AA	CARE	20.12	0.55%	200.00
Bond - Govt of India	GOI	Other			13.88	0.38%	1.39 L
Bond - Govt of India	GOI	Other			5.25	0.14%	50.00 k
Bond - Govt of India	GOI	Other			5.19	0.14%	50.00 k
Bond - Govt of India	GOI	Other			0.61	0.02%	6.10 k