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5 star

Axis Banking & PSU Debt Fund download report


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Axis Banking & PSU Debt-G 1.28 0.01 0.11 0.37 0.41 1.34 3.20 6.55 7.10 7.40 7.88
CCIL T Bill Liquidity Weight 0.85 0.02 0.05 0.20 0.36 0.86 1.97 2.68 3.31 3.68 4.25
Debt: Banking and PSU 0.36 0.00 0.14 0.17 -0.35 0.40 2.47 6.31 6.50 7.19 7.79
Rank within category 3 7 16 1 3 3 3 7 3 7 3
Number of funds in category 22 22 22 22 22 22 22 17 16 14 4

As on 28-Jun-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Banking & PSU Debt Fund
5 star
Jun-12 3.20 6.55 7.10 0.62% 14,588
IDFC Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Mar-13 2.91 6.90 7.21 0.62% 16,607
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 2.92 6.65 6.77 0.69% 12,046
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
4 star
Jan-10 2.89 6.30 6.26 0.80% 10,344
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 2.55 6.55 6.85 0.77% 7,593

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.13 24-Mar-2020 - 31-Mar-2020 -2.12 12-Mar-2020 - 19-Mar-2020
Month 3.89 24-Mar-2020 - 23-Apr-2020 -2.62 20-Feb-2020 - 23-Mar-2020
Quarter 6.88 24-Mar-2020 - 24-Jun-2020 -0.95 24-Dec-2019 - 24-Mar-2020
Year 12.64 31-Oct-2018 - 31-Oct-2019 2.85 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis Banking & PSU Debt-G 6.33 1.77 1.60 4.81 2.31 4.70
CCIL T Bill Liquidity Weight 2.69 0.37 -2.20 -4.41 -- --
Debt: Banking and PSU 6.27 2.35 1.23 2.52 2.43 4.73
Rank within category 10 2 1 1 6 9
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 135 163 135 67
Modified Duration (yrs) 0.63 1.32 0.63 1.66
Average Maturity (yrs) 0.71 1.51 0.71 2.28
Yield to Maturity (%) 5.72 5.72 4.02 6.26
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.84% GOI 19/12/2022 GOI Securities SOV 4.97 - 5.56 5.56
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 4.97 - 5.52 5.52
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 3.70 - 4.14 4.14
up 6.90% REC 30/06/2022 Debenture AAA 2.04 - 3.43 3.43
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 1.43 - 3.32 3.32
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 2.60 - 2.92 2.92
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 2.29 - 2.60 2.60
up SIDBI 23/03/2023 Commercial Paper A1+ 0.00 - 2.45 2.45
equal 6.27% SIDBI 27/02/2023 Debenture AAA 1.99 - 2.23 2.23
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 1.58 - 2.12 2.12
equal HDFC Bank 26/09/2022 Certificate of Deposit A1+ 0.00 - 2.02 2.02
up SIDBI 22/02/2023 Certificate of Deposit A1+ 0.00 - 1.97 1.97
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 1.63 - 1.83 1.83
equal 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 1.55 - 1.73 1.73
equal Indian Bank 15/06/2022 Certificate of Deposit A1+ 0.00 - 1.71 1.71
equal Tata Capital Financial Services 2022 Debenture AAA 1.49 - 1.70 1.70
equal 7.60% ICICI Bank 2023 Bonds AAA 1.41 - 1.56 1.56
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.28 - 1.43 1.43
equal Export-Import Bank 2022 Certificate of Deposit A1+ 0.00 - 1.36 1.36
new 8.57% Haryana State 23/01/2023 State Development Loan SOV 0.00 - 1.32 1.32
equal Bank of Baroda 14/02/2023 Certificate of Deposit A1+ 0.00 - 1.31 1.31
equal 7.85% LIC Housing Fin. 23/09/2022 Debenture AAA 1.08 - 1.21 1.21
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 0.31 - 1.10 1.10
equal 7.09% REC 17/10/2022 Debenture AAA 0.25 - 1.04 1.04
equal Axis Money Market Fund Direct-G Mutual Fund -- 0.00 - 1.04 1.04

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2022

Fund Manager

— Aditya Pagaria since 13-Aug-2016

Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.

Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.

Funds Managed:


0.01%

Change from previous, NAV as on 28-Jun-2022

Growth: ₹ 2,147.8676

IDCW Weekly: ₹ 1,038.3065

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IDCW Monthly: ₹ 1,032.9156

IDCW Daily: ₹ 1,039.1303


Investment Strategy

The scheme seeks to generate stable returns by investing predominantly in debt and money market instruments issued by banks, Public Sector Units & Public Financial Institutions.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 08-Jun-2012
Return Since Launch: 7.90%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 14,588 Cr (As on 31-May-2022)
Expense: 0.62% (As on 31-May-2022)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily27-Jun-20220.5266

 24-Jun-20220.1107
 23-Jun-20220.2209
 22-Jun-20220.1922
 21-Jun-20220.1192
 20-Jun-20220.0110
 02-May-20220.3463
 29-Apr-20220.0084
 28-Apr-20220.0097
 27-Apr-20220.1903
 26-Apr-20220.1105
 25-Apr-20220.3902
 22-Apr-20220.0990
 21-Apr-20220.1549
 20-Apr-20220.0305
 07-Apr-20220.1965
 06-Apr-20220.0241
 05-Apr-20220.1606
 04-Apr-20220.4548
 31-Mar-20220.4182
 30-Mar-20220.1724
 29-Mar-20220.1934
 28-Mar-20220.3430
 25-Mar-20220.2039
 24-Mar-20220.2631
IDCW Monthly27-Jun-20221.8373

 25-Apr-20222.6256
 25-Mar-20222.8739
 25-Feb-20223.2682
 25-Jan-20223.0744
 27-Dec-20212.5154
 25-Nov-20212.3624
 25-Oct-20211.6505
 27-Sep-20212.1713
 25-Aug-20214.3406
 26-Jul-20215.6085
 25-Jun-20211.9756
 25-May-20214.7711
 26-Apr-20216.0548
 25-Mar-20213.2723
 28-Dec-20202.1597
 25-Nov-20207.4250
 26-Oct-202010.6397
 25-Sep-20203.8665
 25-Aug-20201.3880
 27-Jul-20209.0436
 25-Jun-20207.8523
 26-May-202014.8539
 27-Apr-20207.0145
 25-Feb-20207.1240
IDCW Weekly27-Jun-20221.1698

 20-Jun-20220.0110
 02-May-20220.6653
 25-Apr-20221.0562
 04-Apr-20221.2386
 28-Mar-20220.9380
 21-Mar-20221.3196
 14-Mar-20220.7806
 28-Feb-20220.3774
 21-Feb-20220.9198
 14-Feb-20221.8405
 31-Jan-20220.4502
 24-Jan-20220.3806
 17-Jan-20221.0697
 10-Jan-20220.5709
 03-Jan-20220.9516
 27-Dec-20210.3189
 20-Dec-20210.2279
 13-Dec-20210.7012
 06-Dec-20210.9463
 29-Nov-20210.2649
 22-Nov-20210.6377
 15-Nov-20210.8502
 08-Nov-20210.9526
 25-Oct-20210.4525

Contact Information

AMC: Axis Asset Management Company Ltd.

Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025

Phone: 022-24255161

Fax: 022-43255199

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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