Axis FMP 113 1228 Day Direct Quarterly IDCW: NAV Today, Performance Review and Should You Invest?
- July 24, 2026
- Posted by: Neeraj Pandey
- Categories: News, Uncategorized
Axis FMP 113 1228 Day Direct Quarterly IDCW NAV Rs 12.68 on 23-07-2026. Category: Debt. 1Y return +6.23%. Risk: Low to Moderate Risk.
Axis FMP 113 1228 Day Direct Quarterly IDCW is a fixed maturity, close ended debt scheme that was open for subscription only during its New Fund Offer window and is not available for fresh purchase now, offered by Axis Mutual Fund. This review covers the latest NAV, historical returns, plan details and whether it fits your investment goals as an existing debt scheme.
The scheme carries ISIN INF846K012Q6 and is classified under Income. Read on for a full breakdown of Axis FMP 113 1228 Day Direct Quarterly IDCW NAV history and returns before you decide how it fits your portfolio.
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About Axis FMP 113 1228 Day Direct Quarterly IDCW
Axis FMP 113 1228 Day Direct Quarterly IDCW is offered by Axis Mutual Fund and was first launched on 27-03-2023, giving it a track record of about 3.3 years. The scheme falls under the Income category as classified by AMFI.
This particular scheme code represents a Direct Plan, which is bought straight from the fund house without a distributor, so it usually carries a lower expense ratio than the Regular Plan of the same scheme, structured under a Quarterly IDCW option, where income is declared and distributed to unit holders every quarter. Investors evaluating Axis FMP 113 1228 Day Direct Quarterly IDCW should confirm they are selecting the correct plan and option combination that matches their needs before investing.
Axis Mutual Fund is registered with SEBI and, like every other fund house, reports scheme performance and portfolio holdings to AMFI on a regular basis. Every mutual fund scheme in India, regardless of the AMC that manages it, is governed by SEBI Mutual Fund Regulations, which set rules around disclosure, expense ratios and investor protection that fund houses must follow.
Axis FMP 113 1228 Day Direct Quarterly IDCW NAV and Performance
As on 23-07-2026, Axis FMP 113 1228 Day Direct Quarterly IDCW NAV stands at Rs 12.6807. The table below summarises its performance across available time periods, calculated using official historical NAV data.
| Metric | Value |
|---|---|
| Current NAV | Rs 12.6807 (as on 23-07-2026) |
| 1 Year Return | +6.23% |
| 3 Year CAGR | +7.22% |
| Since Inception Cagr | +7.35% |
| Inception Date | 27-03-2023 |
| Category | Debt (Low to Moderate Risk) |
Axis FMP 113 1228 Day Direct Quarterly IDCW returns shown above are point to point and computed from official historical NAV data. Returns for periods below 1 year are absolute, while 1 year and above are shown as CAGR (compounded annual growth rate).
Axis FMP 113 1228 Day Direct Quarterly IDCW: Plan and Option Explained
Axis FMP 113 1228 Day Direct Quarterly IDCW is structured as a Direct Plan. In India, every open ended mutual fund scheme typically offers both a Direct Plan and a Regular Plan. The Direct Plan is bought straight from the AMC without a distributor and carries a lower expense ratio, while the Regular Plan of the same underlying portfolio is bought through a distributor and carries a marginally higher expense ratio that compensates the distributor.
On the option side, Axis FMP 113 1228 Day Direct Quarterly IDCW uses a Quarterly IDCW option, where income is declared and distributed to unit holders every quarter. Investors who want compounding without receiving cash payouts typically prefer Growth, while those who want periodic cash flow may prefer an IDCW or Dividend option, keeping in mind that payouts reduce the NAV to that extent.
Should You Invest in Axis FMP 113 1228 Day Direct Quarterly IDCW?
Axis FMP 113 1228 Day Direct Quarterly IDCW is not open for fresh investment since it is a close ended scheme whose subscription window has already closed. The question for Axis FMP 113 1228 Day Direct Quarterly IDCW is not whether to invest today but whether existing unit holders should continue holding until maturity. Since the underlying portfolio is largely fixed at launch, the return outcome for Axis FMP 113 1228 Day Direct Quarterly IDCW depends mainly on the credit quality and structure of the debt instruments the scheme holds.
This scheme suits investors who already hold units and want to track NAV movement until maturity, not fresh investors looking to start a new investment.
Compare Axis FMP 113 1228 Day Direct Quarterly IDCW Against Other Debt Funds on the Univest Screener
How to Invest in Axis FMP 113 1228 Day Direct Quarterly IDCW via Univest
Since Axis FMP 113 1228 Day Direct Quarterly IDCW is closed to new investment, you cannot start a fresh SIP or lumpsum purchase in this specific scheme. Existing unit holders can track Axis FMP 113 1228 Day Direct Quarterly IDCW NAV and overall portfolio performance through the Univest app.
Log in to your Univest account, add Axis FMP 113 1228 Day Direct Quarterly IDCW to your portfolio tracker using the folio or ISIN details from your account statement, and monitor NAV updates until the scheme matures.
Download the Univest iOS App or Univest Android App to track Axis FMP 113 1228 Day Direct Quarterly IDCW NAV live and manage your mutual fund portfolio.
Risks of Investing in Axis FMP 113 1228 Day Direct Quarterly IDCW
- The scheme is closed to new investment, so units can only be exited on the stock exchange (if listed) or held to maturity.
- Returns depend on the credit quality and duration of the underlying debt papers held till maturity.
- Liquidity before maturity can be limited compared to open ended debt funds.
These risks apply broadly to the Debt category that Axis FMP 113 1228 Day Direct Quarterly IDCW belongs to. Always read the Scheme Information Document (SID) of this scheme for the complete, fund specific risk factors before investing.
Conclusion
Axis FMP 113 1228 Day Direct Quarterly IDCW is a fixed maturity, close ended debt scheme that was open for subscription only during its New Fund Offer window and is not available for fresh purchase now. With a current NAV of Rs 12.6807 and a since inception CAGR of +7.35%, it has a track record investors can evaluate against their own goals. As with any debt investment, review the latest factsheet, expense ratio and exit load and consult your financial advisor to check suitability before investing. This article is for informational purposes as per SEBI RA INH000013776.
Disclaimer: Data and figures in this article are sourced from publicly available information including AMFI and fund house disclosures. These may or may not be accurate. Please verify all data with the official AMFI (amfiindia.com) website and the respective fund house before making any investment decision. Mutual fund investments are subject to market risk, read all scheme related documents carefully. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Axis FMP 113 1228 Day Direct Quarterly IDCW
What is the current NAV of Axis FMP 113 1228 Day Direct Quarterly IDCW?
Ans. Its latest available NAV is Rs 12.6807 as on 23-07-2026. NAV changes every business day based on the value of the securities the scheme holds.
What are the returns of Axis FMP 113 1228 Day Direct Quarterly IDCW?
Ans. It has delivered a 1 year return of +6.23%, a 3 year CAGR of +7.22%. Past returns do not guarantee future performance.
Can I invest in Axis FMP 113 1228 Day Direct Quarterly IDCW right now?
Ans. No. It is a close ended scheme and its subscription window closed after the New Fund Offer. Existing unit holders can track NAV until maturity or exit through the stock exchange if the scheme is listed there.
Is Axis FMP 113 1228 Day Direct Quarterly IDCW a Direct Plan or a Regular Plan?
Ans. This specific scheme is the Direct Plan. a Direct Plan, which is bought straight from the fund house without a distributor, so it usually carries a lower expense ratio than the Regular Plan of the same scheme.
What is the Quarterly IDCW option in Axis FMP 113 1228 Day Direct Quarterly IDCW?
Ans. It is structured under a Quarterly IDCW option, where income is declared and distributed to unit holders every quarter.
What category does Axis FMP 113 1228 Day Direct Quarterly IDCW belong to and how risky is it?
Ans. It falls under the Debt category and is classified as Low to Moderate Risk. This scheme suits investors who already hold units and want to track NAV movement until maturity, not fresh investors looking to start a new investment.
How can I check Axis FMP 113 1228 Day Direct Quarterly IDCW live on Univest?
Ans. You can track its NAV, category peers and other mutual fund and stock data through the Univest Screener and app after logging in to your Univest account.
Who manages Axis FMP 113 1228 Day Direct Quarterly IDCW?
Ans. It is managed by Axis Mutual Fund as per the fund house’s official scheme disclosures. Fund manager names can change over time, so investors should check the latest factsheet on the AMC website for the current manager.
