AXIS Corporate Bond Fund vs TRUSTMF Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
AXIS Corporate Bond Fund and TRUSTMF Corporate Bond Fund are both Corporate Bond funds. In the 3 years to 30-10-2026, AXIS Corporate Bond Fund (Direct) returned 7.4% a year and TRUSTMF Corporate Bond Fund (Direct) returned 6.7% a year. AXIS Corporate Bond Fund charges 0.36% a year and TRUSTMF Corporate Bond Fund 0.26% (Direct plans). Their portfolios overlap 4.9%: they hold 6 of the same securities.
AXIS Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.4%
- Expense ratio
- 0.36%
- NAV
- ₹19.33
TRUSTMF Corporate Bond Fund
Corporate Bond
- 3 year return
- 6.7%
- Expense ratio
- 0.26%
- NAV
- ₹1,275.86
Which is better, AXIS Corporate Bond or TRUSTMF Corporate Bond? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- AXIS Corporate Bond returned more over 3 years: 7.4% a year against 6.7%.
- AXIS Corporate Bond returned more over 1 year: 4.3% against 4.0%.
- TRUSTMF Corporate Bond costs less: 0.26% a year against 0.36% (Direct plans).
- AXIS Corporate Bond swung less over 3 years: a standard deviation of 1.1% a year against 1.3%.
- TRUSTMF Corporate Bond fell less in its worst fall since 23-01-2023: −0.6% against −0.6%.
- AXIS Corporate Bond is the larger fund: ₹7,453 Cr against ₹78 Cr.
- Their portfolios overlap 4.9%: 6 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | AXIS Corporate Bond Fund | TRUSTMF Corporate Bond Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Trust Mutual Fund |
| Category | Corporate Bond | Corporate Bond |
| AUM | ₹7,453 Cr (30-09-2026) | ₹78 Cr (30-09-2026) |
| NAV | ₹19.33 (Direct) | ₹1,275.86 (Direct) |
| Expense ratio (Direct) | 0.36% | 0.26% |
| Expense ratio (Regular) | 0.96% | 0.63% |
| Riskometer | Moderate | Not available |
| Benchmark | NIFTY Corporate Bond Index A-II | Not available |
| Launch date | 13-07-2017 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Devang Shah, Hardik Shah | Not available |
| Exit load | Nil | Not available |
AXIS Corporate Bond vs TRUSTMF Corporate Bond: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| AXIS Corporate Bond Fund (Direct) | −0.20% | +0.08% | +2.41% | +4.31% | +7.44% | +6.67% | -- |
| TRUSTMF Corporate Bond Fund (Direct) | −0.13% | +0.31% | +2.39% | +3.98% | +6.65% | -- | -- |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | -- | -- |
Category average: the average of the 21 Corporate Bond funds, same plan type.
AXIS Corporate Bond vs TRUSTMF Corporate Bond: Year-wise Returns
| Year | AXISAXIS Corporate Bond | TRUSTMFTRUSTMF Corporate Bond |
|---|---|---|
| 2026to date | +3.56% | +3.37% |
| 2025 | +8.55% | +7.13% |
| 2024 | +8.69% | +8.01% |
| 2023 | +7.51% | -- |
| 2022 | +4.40% | -- |
| 2021 | +4.38% | -- |
AXIS Corporate Bond vs TRUSTMF Corporate Bond: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 187 of them, one for each trading day from 23-01-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
AXIS Corporate Bond Fund (Direct)
TRUSTMF Corporate Bond Fund (Direct)
to
Feb 2026Apr 2023
to
Apr 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AXIS Corporate Bond | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.8% | 7.8% | 7.3% | 8.3% |
| TRUSTMF Corporate Bond | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 6.9% | 6.5% | 7.5% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 23-01-2023. Past returns do not promise future returns.
AXIS Corporate Bond vs TRUSTMF Corporate Bond: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2023 to 30-10-2026: 46 instalments, ₹4,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| AXIS Corporate BondAXIS Corporate Bond Fund (Direct) | ₹4,60,000 | ₹5,24,087 | ₹64,087 | 6.8% |
| TRUSTMF Corporate BondTRUSTMF Corporate Bond Fund (Direct) | ₹4,60,000 | ₹5,16,821 | ₹56,821 | 6.0% |
AXIS Corporate BondAXIS Corporate Bond Fund (Direct)
TRUSTMF Corporate BondTRUSTMF Corporate Bond Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
AXIS Corporate Bond vs TRUSTMF Corporate Bond: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | AXIS Corporate Bond Fund (Direct) | TRUSTMF Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.31% | +3.98% |
| Standard deviation | 1.33% | 1.33% |
| Sharpe ratio | -0.70 | -0.96 |
| Sortino ratio | -0.98 | -1.34 |
| Maximum drawdown | −0.6% (21-05-2026) | −0.6% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | AXIS Corporate Bond Fund (Direct) | TRUSTMF Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.44% | +6.65% |
| Standard deviation | 1.10% | 1.32% |
| Sharpe ratio | 1.29 | 0.48 |
| Sortino ratio | 1.94 | 0.70 |
| Maximum drawdown | −0.6% (21-05-2026) | −0.6% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | AXIS Corporate Bond Fund (Direct) | TRUSTMF Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.33% | +6.66% |
| Standard deviation | 1.97% | 1.23% |
| Sharpe ratio | 1.00 | 0.39 |
| Sortino ratio | 1.29 | 0.57 |
| Maximum drawdown | −3.8% (04-06-2019) | −0.6% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 18-07-2017 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
AXIS Corporate Bond Fund (Direct)
TRUSTMF Corporate Bond Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| AXIS Corporate Bond Fund (Direct) | −0.6% | 07-05-2026 | 21-05-2026 | 05-06-2026 | 15 days | −0.4% |
| TRUSTMF Corporate Bond Fund (Direct) | −0.6% | 02-03-2026 | 02-04-2026 | 09-04-2026 | 7 days | −0.3% |
From daily values since 23-01-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
AXIS Corporate Bond Fund (Direct)
TRUSTMF Corporate Bond Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
AXIS Corporate Bond Fund (Direct)
TRUSTMF Corporate Bond Fund (Direct)
AXIS Corporate Bond vs TRUSTMF Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: AXIS Corporate Bond Fund, September 2026; TRUSTMF Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 4.9%
- Held by both
- 6
- Only in AXIS Corporate Bond
- 109
- Only in TRUSTMF Corporate Bond
- 7
| Security | % of AXIS Corporate Bond | % of TRUSTMF Corporate Bond |
|---|---|---|
| 6.94% Government of India (11/05/2036) | 2.31% | 6.34% |
| 7.48% National Bank For Agriculture and Rural Development (15/09/2028) | 1.67% | 11.55% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.36% | 1.94% |
| 7.35% Export Import Bank of India (27/07/2028) | 0.33% | 10.93% |
| 7.6% Power Finance Corporation Limited (13/04/2029) | 0.13% | 12.85% |
| 7.3763% Bajaj Finance Limited (26/06/2028) | 0.07% | 6.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 4.9% means 4.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in AXIS Corporate Bond Fund
| Security | % of fund |
|---|---|
| 6.85% National Bank For Agriculture and Rural Development (19/01/2029) | 3.61% |
| Tata Capital Limited (21/02/2029) (FRN) | 2.68% |
| 7.66% Bajaj Housing Finance Limited (20/03/2028) | 2.67% |
| HDFC Bank Limited (05/03/2027) | 2.61% |
| Siddhivinayak Securitisation Trust (28/09/2030) | 2.49% |
Largest holdings only in TRUSTMF Corporate Bond Fund
| Security | % of fund |
|---|---|
| 6.47% Indian Railway Finance Corporation Limited (30/05/2028) | 12.67% |
| 7.70% HDFC Bank Limited (16/05/2028) | 6.43% |
| 7.18% Sundaram Finance Limited (16/05/2028) | 6.36% |
| 6.87% REC Limited (31/05/2030) | 6.25% |
| 364 Days Tbill (MD 04/03/2027) | 2.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | AXIS Corporate Bond | TRUSTMF Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 88.2% | 83.5% |
| Cash and others | 11.8% | 16.5% |
AXIS Corporate Bond vs TRUSTMF Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | AXIS Corporate Bond Fund | TRUSTMF Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.36% | 0.26% |
| Base expense ratio (Direct) | 0.30% | 0.21% |
| Total expense ratio (Regular) | 0.96% | 0.63% |
| Base expense ratio (Regular) | 0.81% | 0.55% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare AXIS Corporate Bond with
AXIS Corporate Bond Fund vs TRUSTMF Corporate Bond Fund: Frequently Asked Questions
What is the difference between AXIS Corporate Bond Fund and TRUSTMF Corporate Bond Fund?
Both are Corporate Bond funds, run by Axis Mutual Fund and Trust Mutual Fund. Their portfolios overlap 4.9%. AXIS Corporate Bond Fund charges 0.36% a year and TRUSTMF Corporate Bond Fund 0.26%.
Which has given higher returns, AXIS Corporate Bond Fund or TRUSTMF Corporate Bond Fund?
Over 1 year: AXIS Corporate Bond Fund +4.31%, TRUSTMF Corporate Bond Fund +3.98%. Over 3 years: AXIS Corporate Bond Fund +7.44% a year, TRUSTMF Corporate Bond Fund +6.65% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, AXIS Corporate Bond Fund or TRUSTMF Corporate Bond Fund?
TRUSTMF Corporate Bond Fund charges less: 0.26% a year against 0.36%. These are the Direct plans' total expense ratios reported to AMFI.
How much do AXIS Corporate Bond Fund and TRUSTMF Corporate Bond Fund overlap?
4.9%. They hold 6 of the same securities, the largest shared ones being 6.94% Government of India (11/05/2036), 7.48% National Bank For Agriculture and Rural Development (15/09/2028), SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2. From each fund's latest monthly portfolio.
Which is better for SIP, AXIS Corporate Bond Fund or TRUSTMF Corporate Bond Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,08,844 in AXIS Corporate Bond Fund (XIRR 6.4% a year) and ₹4,04,377 in TRUSTMF Corporate Bond Fund (XIRR 5.7% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both AXIS Corporate Bond Fund and TRUSTMF Corporate Bond Fund?
Yes. 4.9% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.