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5 star

Axis Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 -0.22 0.03 -0.04 -0.06 0.83 2.30 8.78 8.99 8.49 8.59 --
CCIL T Bill Liquidity Weight 0.06 0.01 0.04 0.13 0.48 1.09 3.02 3.79 4.01 4.43 --
Debt: Banking and PSU -0.19 0.03 -0.07 0.05 1.01 2.32 9.12 8.57 8.28 8.55 --
Rank within category 15 8 7 16 16 11 14 6 7 6 --
Number of funds in category 22 22 22 22 20 19 19 16 14 10 3

As on 21-Jan-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
5 star
Jun-12 8.78 8.99 8.49 0.62 16,896
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 9.98 9.59 8.42 0.65 17,685
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 9.85 9.15 8.72 0.76 10,801
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
May-15 10.21 9.10 8.64 0.79 7,210
LIC MF Banking & PSU Debt Fund  | Invest Online
4 star
May-07 7.76 8.32 7.82 0.83 2,456

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 8.87 1.99 2.06 4.67 2.26 6.33
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Banking and PSU 8.47 2.35 1.69 3.29 1.99 5.66
Rank within category 5 3 2 1 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-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 167 176 133 87
Modified Duration (yrs) 1.50 2.10 1.50 2.66
Average Maturity (yrs) 1.70 2.40 1.70 3.42
Yield to Maturity (%) 4.27 6.62 4.27 4.79
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 4.25 - 5.98 5.98
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 4.60 - 6.02 5.07
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 2.85 - 4.19 4.19
equal 6.80% HPCL 15/12/2022 Debenture AAA 3.39 - 4.67 3.73
down 8.90% State Bank of India 2028 Non Convertible Debenture AAA 3.02 - 4.90 3.02
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 1.94 - 2.93 2.48
equal 8.81% SIDBI 25/01/2022 Debenture AAA 2.21 - 3.11 2.42
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 2.38 2.28
equal 8.35% REC 13/03/2022 Debenture AAA 2.08 - 2.88 2.28
equal 6.90% REC 30/06/2022 Debenture AAA 1.87 - 2.56 2.05
equal 6.27% SIDBI 27/02/2023 Debenture AAA 0.00 - 2.00 2.00
equal 7.60% ICICI Bank 2023 Bonds AAA 1.71 - 2.37 1.90
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 1.70 - 2.37 1.86
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.73 - 1.64 1.64
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 1.45 - 2.00 1.60
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 1.44 - 1.99 1.58
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.33 - 1.73 1.58
new Tata Capital Financial Services 2022 Debenture AAA 0.00 - 1.48 1.48
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.20 - 2.41 1.44
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.35 1.35
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 1.25 1.25
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 1.81 1.24
equal 7.28% HDFC 26/09/2022 Debenture AAA 1.07 - 1.46 1.18
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.31 - 1.21 1.14
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 1.01 - 1.41 1.11

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-Dec-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:


0.03%

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

Growth: ₹ 2,046.5430

Dividend Weekly: ₹ 1,034.6393

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Dividend Monthly: ₹ 1,031.3213

Dividend Daily: ₹ 1,034.4440


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
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 08-Jun-2012
Return Since Launch: 8.66%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 16,896 Cr (As on 31-Dec-2020)
Expense: 0.62% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly11-Jan-20210.1335

 04-Jan-20211.9376
 28-Dec-20200.8589
 21-Dec-20200.1299
 07-Dec-20200.4016
 01-Dec-20201.3178
 23-Nov-20202.3359
 17-Nov-20202.2661
 09-Nov-20202.0419
 02-Nov-20200.2621
 26-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
Dividend Daily08-Jan-20210.3152

 07-Jan-20210.2449
 05-Jan-20210.7007
 04-Jan-20210.5312
 01-Jan-20210.5831
 31-Dec-20200.1740
 30-Dec-20200.3616
 29-Dec-20200.2874
 28-Dec-20200.5665
 24-Dec-20200.0589
 23-Dec-20200.0911
 22-Dec-20200.1425
 21-Dec-20200.1298
 07-Dec-20200.3587
 04-Dec-20200.0430
 01-Dec-20200.0063
 27-Nov-20200.1469
 26-Nov-20200.6260
 25-Nov-20200.5389
 23-Nov-20200.4917
 20-Nov-20200.2865
 19-Nov-20200.8691
 18-Nov-20200.6887
 17-Nov-20200.5844
 13-Nov-20200.5730
Dividend Monthly28-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
 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

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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