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Axis Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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
Fund 2.05 -0.08 0.10 0.30 1.79 4.02 8.92 8.42 8.34 8.56 --
CCIL T Bill Liquidity Weight 1.06 0.04 0.19 0.48 1.06 1.96 4.08 4.14 4.40 4.76 --
Debt: Banking and PSU 2.16 -0.19 0.07 0.11 1.94 4.18 9.05 7.66 7.96 8.27 --
Rank within category 12 4 12 6 13 12 12 3 5 3 --
Number of funds in category 19 19 19 19 19 18 17 16 13 7 3

As on 03-Apr-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.13 (24-Mar-2020 - 31-Mar-2020) -2.12 (12-Mar-2020 - 19-Mar-2020)
Month 2.07 (01-Mar-2019 - 02-Apr-2019) -2.62 (20-Feb-2020 - 23-Mar-2020)
Quarter 4.03 (09-May-2019 - 08-Aug-2019) -0.95 (24-Dec-2019 - 24-Mar-2020)
Year 12.64 (31-Oct-2018 - 31-Oct-2019) 4.72 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.19 1.73 1.53 3.00 4.09 8.71
CCIL T Bill Liquidity Weight 4.07 0.27 -5.49 -9.70 -- --
Debt: Banking and PSU 7.54 2.01 1.11 2.21 3.95 7.84
Rank within category 3 5 1 3 10 5
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-Mar-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 142 142 69 71
Modified Duration (yrs) 2.00 2.40 1.90 2.74
Average Maturity (yrs) 2.30 2.90 2.30 3.61
Yield to Maturity (%) 6.47 8.03 6.44 6.57

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.50% National Bank Agr. Rur. Devp Debenture AAA 5.09 - 7.50 5.42
equal 9.95% Food Corporation of India 2022 Bonds AAA 4.77 - 8.40 4.77
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 4.93 4.22
up 6.99% Air India Assets Holdings 16/12/2022 Debenture AAA 0.00 - 4.19 4.19
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 3.51 - 4.66 4.05
up 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 6.29 3.33
equal 8.81% SIDBI 25/01/2022 Debenture AAA 2.81 - 6.11 2.81
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 3.64 2.62
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 2.60 2.32
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 2.70 2.15
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 2.14 - 5.96 2.14
equal 7.60% ICICI Bank 2023 Bonds AAA 0.00 - 2.07 1.85
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 2.06 1.84
up 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.78 - 2.34 1.80
up 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 2.84 1.79
new 6.27% SIDBI 27/02/2023 Debenture AAA 0.00 - 1.73 1.73
new Indian Oil Corp. 63-D 09/04/2020 Commercial Paper A1+ 0.00 - 1.72 1.72
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.39 - 4.04 1.39
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 1.48 1.32
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 0.46 - 1.87 1.27
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 1.25 - 3.82 1.25
equal 7.85% LIC Housing Fin. 23/09/2022 Debenture AAA 0.00 - 1.38 1.23
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 1.23 - 2.70 1.23
equal 6.80% SIDBI 29/09/2022 Debenture AAA 0.00 - 1.37 1.22
new 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 1.18 1.18

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 29-Feb-2020

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:


-0.08%

Change from previous, NAV as on 03-Apr-2020

Growth: ₹ 1,909.9064

Dividend Weekly: ₹ 1,023.7261

More

Dividend Monthly: ₹ 1,024.0996

Dividend Daily: ₹ 1,021.7148


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 08-Jun-2012
Return Since Launch: 8.62%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 14,469 Cr (As on 29-Feb-2020)
Expense: 0.59% (As on 29-Feb-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily31-Mar-20201.2690

 27-Mar-20200.0585
 04-Mar-20201.1509
 26-Feb-20200.0113
 17-Feb-20200.4076
 14-Feb-20200.1748
 13-Feb-20200.3437
 10-Feb-20200.5271
 07-Feb-20201.4535
 06-Feb-20202.3453
 05-Feb-20200.1740
 04-Feb-20200.3290
 03-Feb-20201.0989
 28-Jan-20200.5481
 27-Jan-20200.5593
 24-Jan-20200.4471
 23-Jan-20200.1562
 22-Jan-20200.6328
 21-Jan-20200.3330
 20-Jan-20200.4100
 17-Jan-20200.1638
 13-Jan-20200.2467
 09-Jan-20200.0239
 08-Jan-20200.3867
 07-Jan-20200.3218
Dividend Weekly30-Mar-20200.2594

 09-Mar-20200.5551
 17-Feb-20200.9262
 10-Feb-20204.8377
 03-Feb-20201.6473
 27-Jan-20202.1300
 20-Jan-20200.5737
 13-Jan-20200.9792
 06-Jan-20201.8426
 02-Dec-20191.0646
 25-Nov-20191.3527
 18-Nov-20192.2849
 04-Nov-20192.1340
 29-Oct-20192.0701
 22-Oct-20192.5534
 14-Oct-20191.8297
 07-Oct-20192.0636
 09-Sep-20191.0414
 03-Sep-20191.4937
 26-Aug-20192.2895
 13-Aug-20192.0339
 05-Aug-20193.2521
 29-Jul-20191.1326
 22-Jul-20190.5451
 15-Jul-20192.6550
Dividend Monthly25-Feb-20207.1240

 27-Jan-20206.1921
 26-Dec-20190.4110
 25-Nov-20197.2307
 25-Oct-20199.5122
 25-Sep-20191.0734
 26-Aug-20196.4663
 25-Jul-20198.1870
 25-Jun-20192.4116
 27-May-201911.4778
 25-Mar-20196.8946
 25-Feb-20196.2289
 25-Jan-20195.0938
 26-Dec-20188.7047
 26-Nov-20189.7998
 25-Oct-20183.5657
 27-Aug-20185.0067
 25-Jul-20185.5705
 25-Jun-20183.9477
 25-Apr-20183.4599
 26-Mar-20184.6972
 26-Feb-20183.6554
 25-Jan-20183.3998
 26-Dec-20172.6102
 27-Nov-20173.5503

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

Email: [email protected] / [email protected]

Website: www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

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

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Last Session

Investors' Hangout

5 ways to deal with market panic

dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

Registration Over