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4 star

Axis Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.04 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
Fund 2.82 0.02 0.05 0.09 0.85 2.15 3.91 8.60 7.81 8.01 --
CCIL T Bill Liquidity Weight 1.61 -0.01 -0.03 0.11 0.50 1.06 2.04 3.32 3.61 4.05 --
Debt: Banking and PSU 2.82 0.05 -0.01 -0.04 1.06 2.45 4.03 8.30 7.33 7.85 --
Rank within category 12 17 3 3 18 19 12 9 2 7 --
Number of funds in category 21 22 22 22 22 22 19 17 15 13 3

As on 21-Oct-2021

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
4 star
Jun-12 3.91 8.60 7.81 0.62% 16,745
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 4.03 9.37 7.79 0.63% 19,205
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 4.42 8.70 7.49 0.67% 15,823
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 4.75 9.08 7.78 0.76% 9,332
Nippon India Banking & PSU Debt Fund  | Invest Online
5 star
May-15 4.42 9.05 7.67 0.81% 6,697

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 4.00 14-Oct-2020 - 14-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.48 2.04 2.23 4.75 2.70 6.18
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Banking and PSU 8.21 2.43 1.91 3.58 2.22 5.62
Rank within category 9 4 3 2 14 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 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 157 176 157 82
Modified Duration (yrs) 0.98 1.70 0.98 2.43
Average Maturity (yrs) 1.10 1.90 1.10 3.22
Yield to Maturity (%) 4.25 4.72 4.02 5.01
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 9.95% Food Corporation of India 2022 Bonds AAA 5.46 - 7.57 7.23
equal 6.84% GOI 19/12/2022 GOI Securities SOV 1.13 - 5.32 4.97
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 4.60 - 5.22 4.97
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 3.82 - 4.33 4.11
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 3.39 - 3.85 3.70
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.47 - 3.04 2.86
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 2.26 - 2.73 2.60
equal 8.81% SIDBI 25/01/2022 Debenture AAA 2.21 - 2.50 2.36
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 2.07 - 2.37 2.29
equal 8.35% REC 13/03/2022 Debenture AAA 2.08 - 2.36 2.23
equal 6.90% REC 30/06/2022 Debenture AAA 1.87 - 2.13 2.04
equal 6.27% SIDBI 27/02/2023 Debenture AAA 1.81 - 2.07 1.99
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 1.49 - 1.70 1.63
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 1.45 - 1.65 1.58
equal 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 1.44 - 1.63 1.55
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.44 - 1.63 1.54
equal Tata Capital Financial Services 2022 Debenture AAA 0.00 - 1.54 1.50
equal 7.60% ICICI Bank 2023 Bonds AAA 1.39 - 1.90 1.41
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.26 - 1.44 1.28
equal Export-Import Bank 184-D 31/12/2021 Certificate of Deposit A1+ 0.00 - 1.20 1.18
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 1.01 - 1.15 1.10
equal 7.85% LIC Housing Fin. 23/09/2022 Debenture AAA 0.99 - 1.13 1.08
equal 7.28% Power Finance Corporation 2022 Bonds AAA 0.91 - 1.04 0.99
equal REC 13/12/2022 Debenture AAA 0.87 - 0.99 0.95
new 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 0.91 0.91

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 30-Sep-2021

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:


0.02%

Change from previous, NAV as on 21-Oct-2021

Growth: ₹ 2,109.0496

IDCW Weekly: ₹ 1,038.4534

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IDCW Monthly: ₹ 1,034.2620

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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum 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: 8.28%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 16,745 Cr (As on 30-Sep-2021)
Expense: 0.62% (As on 30-Sep-2021)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily21-Oct-20210.2533

 18-Oct-20210.2249
 14-Oct-20210.0145
 13-Oct-20210.3091
 12-Oct-20210.1236
 21-Sep-20210.0092
 20-Sep-20210.2709
 17-Sep-20210.0225
 16-Sep-20210.1251
 15-Sep-20210.0823
 13-Sep-20210.2414
 09-Sep-20210.1083
 08-Sep-20210.0832
 06-Sep-20210.2117
 03-Sep-20210.0801
 02-Sep-20210.1919
 01-Sep-20210.3979
 31-Aug-20210.0947
 30-Aug-20210.6164
 27-Aug-20210.1135
 26-Aug-20210.0661
 25-Aug-20210.1331
 24-Aug-20210.0375
 23-Aug-20210.1476
 20-Aug-20210.3238
IDCW Weekly18-Oct-20210.6814

 20-Sep-20210.5008
 13-Sep-20210.4328
 06-Sep-20210.9760
 30-Aug-20210.9663
 23-Aug-20210.8223
 17-Aug-20212.0801
 09-Aug-20210.2710
 02-Aug-20211.0131
 26-Jul-20211.2375
 19-Jul-20212.2257
 12-Jul-20210.9040
 14-Jun-20211.5593
 07-Jun-20211.3989
 31-May-20210.5287
 24-May-20211.1227
 17-May-20210.4416
 10-May-20210.8545
 03-May-20212.1285
 26-Apr-20211.9864
 19-Apr-20210.1681
 12-Apr-20211.0042
 05-Apr-20211.8540
 30-Mar-20212.2776
 11-Jan-20210.1335
IDCW Monthly27-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
 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

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: http://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

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