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5 star

Axis Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 1.07 0.02 0.12 0.55 1.47 1.93 7.80 8.82 8.23 8.39 --
CCIL T Bill Liquidity Weight 0.63 0.01 0.03 0.14 0.48 0.96 2.23 3.61 3.86 4.31 --
Debt: Banking and PSU 0.85 0.04 0.18 0.67 1.58 1.74 7.69 8.51 7.95 8.21 --
Rank within category 3 20 20 18 16 6 10 8 5 7 --
Number of funds in category 21 22 22 22 22 20 18 16 14 13 3

As on 05-May-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 7.80 8.82 8.23 0.62 16,363
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 8.45 9.59 8.15 0.63 17,764
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 8.22 8.89 8.40 0.68 14,049
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 7.97 8.98 8.35 0.76 9,688
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
May-15 8.22 9.14 8.33 0.79 6,636

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 4.72 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.53 2.07 2.01 4.16 2.48 6.19
CCIL T Bill Liquidity Weight 3.56 0.38 -2.17 -5.20 -- --
Debt: Banking and PSU 8.24 2.43 1.73 3.14 2.14 5.62
Rank within category 8 4 4 3 13 6
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-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 166 176 152 68
Modified Duration (yrs) 1.40 1.90 1.40 --
Average Maturity (yrs) 1.50 2.20 1.50 --
Yield to Maturity (%) 4.57 6.44 4.27 --
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 - 7.57 7.57
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 5.32 5.25
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 4.60 - 5.42 5.15
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 3.38 - 4.33 4.27
equal 6.80% HPCL 15/12/2022 Debenture AAA 3.39 - 4.08 3.81
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 1.94 - 2.93 2.69
equal 8.81% SIDBI 25/01/2022 Debenture AAA 2.21 - 2.69 2.46
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 1.96 - 2.38 2.35
up 6.18% GOI 2024 GOI Securities SOV 0.00 - 2.34 2.34
equal 8.35% REC 13/03/2022 Debenture AAA 2.08 - 2.47 2.33
equal 6.90% REC 30/06/2022 Debenture AAA 1.87 - 2.20 2.11
equal 6.27% SIDBI 27/02/2023 Debenture AAA 1.72 - 2.07 2.05
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.73 - 1.70 1.68
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 1.45 - 1.75 1.63
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 1.44 - 1.70 1.61
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.33 - 1.73 1.60
equal Tata Capital Financial Services 2022 Debenture AAA 0.00 - 1.54 1.53
equal 7.60% ICICI Bank 2023 Bonds AAA 1.40 - 2.05 1.46
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 2.28 1.45
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.38 1.37
equal 6.59% IRFC 14/04/2023 Debenture AAA 1.27 - 1.44 1.32
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.31 - 1.21 1.16
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 1.01 - 1.22 1.14
equal 7.85% LIC Housing Fin. 23/09/2022 Debenture AAA 0.99 - 1.17 1.12
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 1.03 - 4.90 1.06

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-Apr-2021

*As on 31-Mar-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 05-May-2021

Growth: ₹ 2,073.1504

IDCW Weekly: ₹ 1,038.6341

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IDCW Monthly: ₹ 1,035.3604

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: 8.52%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 16,363 Cr (As on 30-Apr-2021)
Expense: 0.62% (As on 31-Mar-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily04-May-20210.2292

 03-May-20210.4078
 30-Apr-20210.4023
 29-Apr-20210.0418
 28-Apr-20210.6620
 27-Apr-20210.6148
 26-Apr-20210.8455
 23-Apr-20210.5587
 22-Apr-20210.2629
 20-Apr-20210.3195
 19-Apr-20210.1685
 12-Apr-20210.0056
 06-Apr-20210.9993
 05-Apr-20211.1926
 31-Mar-20210.6623
 30-Mar-20210.7412
 26-Mar-20210.3197
 25-Mar-20210.0896
 08-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
IDCW Weekly03-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
 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
IDCW Monthly26-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
 27-May-201911.4778
 25-Mar-20196.8946
 25-Feb-20196.2289
 25-Jan-20195.0938
 26-Dec-20188.7047

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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