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5 star

Axis Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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 8.47 -0.02 0.02 0.99 1.58 5.96 9.58 9.14 8.65 8.79 --
CCIL T Bill Liquidity Weight 2.75 0.00 0.04 0.27 0.60 1.26 3.28 3.94 4.14 4.58 --
Debt: Banking and PSU 8.73 -0.01 0.16 1.39 1.53 6.19 9.98 8.43 8.40 8.74 --
Rank within category 13 14 18 19 10 14 14 3 5 6 --
Number of funds in category 19 21 20 20 20 19 19 16 14 10 3

As on 28-Oct-2020

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 9.58 9.14 8.65 0.62 17,591
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 10.82 9.41 8.58 0.65 18,980
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 10.73 8.91 8.81 0.74 9,277
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
May-15 10.88 8.92 8.76 0.80 6,429
LIC MF Banking & PSU Debt Fund  | Invest Online
4 star
May-07 8.65 8.46 7.93 0.83 1,751

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 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) 4.72 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.69 1.99 1.83 4.15 2.36 6.36
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Banking and PSU 7.94 2.36 1.32 2.65 2.24 5.48
Rank within category 3 3 1 1 10 4
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 161 161 113 82
Modified Duration (yrs) 1.70 2.10 1.70 2.82
Average Maturity (yrs) 2.00 2.40 2.00 3.68
Yield to Maturity (%) 4.83 6.79 4.77 5.36
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
up 9.95% Food Corporation of India 2022 Bonds AAA 4.25 - 7.06 4.86
down 8.50% National Bank Agr. Rur. Devp Debenture AAA 4.85 - 6.02 4.85
down 8.90% State Bank of India 2028 Non Convertible Debenture AAA 3.47 - 4.90 4.42
up 7.93% NTPC 2022 Non Convertible Debenture AAA 2.85 - 4.16 4.04
equal 6.80% HPCL 15/12/2022 Debenture AAA 2.56 - 4.93 3.57
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 1.94 - 2.93 2.38
equal 8.81% SIDBI 25/01/2022 Debenture AAA 2.34 - 4.15 2.34
new 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 2.26 2.26
equal 8.35% REC 13/03/2022 Debenture AAA 2.19 - 3.63 2.19
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 2.38 2.18
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 2.60 1.97
up 6.27% SIDBI 27/02/2023 Debenture AAA 0.00 - 1.91 1.90
equal 7.60% ICICI Bank 2023 Bonds AAA 0.09 - 2.37 1.80
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 1.79 - 3.15 1.79
up 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 1.57 1.57
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 1.70 1.55
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 1.42 - 2.06 1.53
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.33 - 1.95 1.52
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 1.51 - 2.12 1.51
up 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 2.41 1.38
equal 7.40% LIC Housing Fin. 2024 Debenture AAA 0.00 - 1.48 1.32
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.41 - 1.48 1.13
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 1.21 1.10
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 1.07 - 1.87 1.07
equal 7.85% LIC Housing Fin. 23/09/2022 Debenture AAA 0.22 - 1.38 1.05

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-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:


-0.02%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 2,030.2114

Dividend Weekly: ₹ 1,037.9903

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Dividend Monthly: ₹ 1,032.6011

Dividend Daily: ₹ 1,038.9199


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: 8.80%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 17,591 Cr (As on 30-Sep-2020)
Expense: 0.62% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily26-Oct-20200.0353

 20-Oct-20200.9168
 19-Oct-20200.4256
 15-Oct-20200.4849
 14-Oct-20200.2691
 13-Oct-20201.1158
 12-Oct-20200.2036
 09-Oct-20202.4806
 08-Oct-20200.7860
 07-Oct-20200.6073
 06-Oct-20201.0402
 05-Oct-20200.6952
 01-Oct-20200.2666
 04-Sep-20200.4130
 03-Sep-20200.8444
 02-Sep-20200.0773
 01-Sep-20201.5895
 20-Aug-20200.7991
 19-Aug-20200.2383
 18-Aug-20200.0700
 05-Aug-20200.0446
 04-Aug-20200.3519
 03-Aug-20200.4927
 31-Jul-20200.3310
 20-Jul-20200.4486
Dividend Monthly26-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
 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
Dividend Weekly26-Oct-20200.9513

 19-Oct-20202.2953
 12-Oct-20205.1219
 05-Oct-20201.3825
 07-Sep-20202.7775
 31-Aug-20201.0228
 17-Aug-20200.2056
 03-Aug-20200.8231
 20-Jul-20202.0575
 13-Jul-20201.7235
 06-Jul-20200.1293
 29-Jun-20201.6905
 22-Jun-20203.3960
 15-Jun-20203.4753
 26-May-20202.4555
 18-May-20207.7043
 11-May-20204.0545
 04-May-20200.6398
 20-Apr-20206.8522
 30-Mar-20200.2594
 09-Mar-20200.5551
 17-Feb-20200.9262
 10-Feb-20204.8377
 03-Feb-20201.6473
 27-Jan-20202.1300

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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