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5 star

Axis Banking & PSU Debt Fund - Direct Plan


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 9.66 0.02 0.18 0.83 2.09 4.81 9.72 9.61 8.98 9.05 --
CCIL T Bill Liquidity Weight 2.98 0.02 0.04 0.21 0.63 1.18 3.20 3.90 4.12 4.53 --
Debt: Banking and PSU 9.91 -0.01 0.22 0.78 2.46 4.81 10.04 9.03 8.86 9.15 --
Rank within category 12 4 17 11 16 13 14 3 9 7 --
Number of funds in category 19 21 21 21 20 19 19 16 14 10 0

As on 27-Nov-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 - Direct Plan
5 star
Jan-13 9.72 9.61 8.98 0.31 18,606
IDFC Banking & PSU Debt Fund - Direct Plan
4 star
Mar-13 11.06 10.07 8.92 0.30 19,780
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 10.67 9.59 9.25 0.34 10,286
Nippon India Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
May-15 11.15 9.59 9.18 0.31 7,396
LIC MF Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.00 9.20 8.71 0.28 1,771

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.14 (24-Mar-2020 - 31-Mar-2020) -2.12 (12-Mar-2020 - 19-Mar-2020)
Month 3.92 (24-Mar-2020 - 23-Apr-2020) -2.60 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.96 (24-Mar-2020 - 24-Jun-2020) -0.88 (24-Dec-2019 - 24-Mar-2020)
Year 12.95 (31-Oct-2018 - 31-Oct-2019) 5.00 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.09 1.99 2.07 4.77 2.23 6.52
CCIL T Bill Liquidity Weight 3.89 0.32 -3.35 -6.53 -- --
Debt: Banking and PSU 8.54 2.40 1.60 3.23 1.99 5.71
Rank within category 4 3 2 2 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-Oct-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 176 176 119 84
Modified Duration (yrs) 1.70 2.10 1.70 2.84
Average Maturity (yrs) 1.90 2.40 1.90 3.68
Yield to Maturity (%) 4.54 6.79 4.54 5.03
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 - 6.02 5.46
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 4.60 - 6.02 4.60
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 3.47 - 4.90 4.21
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 2.85 - 4.16 3.82
equal 6.80% HPCL 15/12/2022 Debenture AAA 3.39 - 4.93 3.39
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 1.94 - 2.93 2.26
equal 8.81% SIDBI 25/01/2022 Debenture AAA 2.21 - 3.54 2.21
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 2.26 2.15
equal 8.35% REC 13/03/2022 Debenture AAA 2.08 - 3.10 2.08
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 2.38 2.07
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 2.60 1.87
equal 6.27% SIDBI 27/02/2023 Debenture AAA 0.00 - 1.91 1.81
up 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 1.81 1.81
equal 7.60% ICICI Bank 2023 Bonds AAA 0.09 - 2.37 1.71
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 1.70 - 2.69 1.70
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.35 - 1.57 1.49
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 1.70 1.47
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 1.45 - 2.06 1.45
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.33 - 1.73 1.44
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 1.44 - 2.04 1.44
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 2.41 1.31
equal 7.40% LIC Housing Fin. 2024 Debenture AAA 0.00 - 1.48 1.28
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.16 1.16
new 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 1.13 1.13
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.70 - 1.48 1.07

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-Oct-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 27-Nov-2020

Growth: ₹ 2,082.6993

Dividend Weekly: ₹ 1,039.5500

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Dividend Monthly: ₹ 1,033.6048

Dividend Daily: ₹ 1,039.1310


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: 01-Jan-2013
Return Since Launch: 9.01%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 18,606 Cr (As on 31-Oct-2020)
Expense: 0.31% (As on 31-Oct-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Nov-20200.1558

 26-Nov-20200.6349
 25-Nov-20200.5567
 23-Nov-20200.5182
 20-Nov-20200.2954
 19-Nov-20200.8780
 18-Nov-20200.6976
 17-Nov-20200.6197
 13-Nov-20200.5819
 12-Nov-20200.8799
 11-Nov-20200.1208
 10-Nov-20200.1345
 09-Nov-20200.2137
 06-Nov-20200.4319
 05-Nov-20200.9843
 04-Nov-20200.3691
 03-Nov-20200.1047
 02-Nov-20200.3240
 26-Oct-20200.0884
 20-Oct-20200.9257
 19-Oct-20200.4610
 15-Oct-20200.4937
 14-Oct-20200.2781
 13-Oct-20201.1247
 12-Oct-20200.2302
Dividend Monthly25-Nov-20207.6901

 26-Oct-202010.9146
 25-Sep-20204.1395
 25-Aug-20201.6428
 27-Jul-20209.3268
 25-Jun-20208.1152
 26-May-202015.1015
 27-Apr-20207.5379
 25-Feb-20207.3005
 27-Jan-20206.3866
 26-Dec-20190.6036
 25-Nov-20197.4260
 25-Oct-20199.6957
 25-Sep-20191.2556
 26-Aug-20196.6642
 25-Jul-20198.3663
 25-Jun-20192.5781
 27-May-201911.8171
 25-Mar-20197.0438
 25-Feb-20196.3940
 25-Jan-20195.2455
 26-Dec-20188.8735
 26-Nov-201810.1033
 25-Oct-20183.9306
 27-Aug-20185.2204
Dividend Weekly23-Nov-20202.3894

 17-Nov-20202.3371
 09-Nov-20202.1043
 02-Nov-20200.3243
 26-Oct-20201.0139
 19-Oct-20202.3577
 12-Oct-20205.1842
 05-Oct-20201.6301
 07-Sep-20202.8392
 31-Aug-20201.1466
 17-Aug-20200.3292
 03-Aug-20200.9475
 20-Jul-20202.1196
 13-Jul-20201.7860
 06-Jul-20200.1907
 29-Jun-20201.7520
 22-Jun-20203.4580
 15-Jun-20203.6506
 26-May-20202.5222
 18-May-20207.7634
 11-May-20204.1137
 04-May-20200.7575
 20-Apr-20207.0298
 30-Mar-20200.3834
 09-Mar-20200.6881

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

Last Session

VR Helpline

Critical Investment Decisions

dateSaturday, 28-Nov-2020
time04:00 PM - 04:30 PM

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