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Axis Banking & PSU Debt Fund - Direct Plan

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Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 1.80 0.05 -0.02 1.09 2.06 4.73 11.16 8.87 8.77 8.96 --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 --
Debt: Banking and PSU 2.15 0.11 0.06 1.44 2.55 4.90 11.36 8.34 8.55 8.80 --
Rank within category 17 19 18 17 17 13 13 3 7 2 --
Number of funds in category 19 19 19 19 19 18 17 15 13 4 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.04 (06-Feb-2019 - 13-Feb-2019) -0.57 (09-Jul-2013 - 16-Jul-2013)
Month 2.09 (01-Mar-2019 - 02-Apr-2019) -0.79 (24-Aug-2018 - 25-Sep-2018)
Quarter 4.10 (09-May-2019 - 08-Aug-2019) 0.42 (21-May-2013 - 20-Aug-2013)
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 8.35 1.73 1.55 3.10 4.43 9.81
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Banking and PSU 7.52 2.04 1.05 2.03 4.66 9.35
Rank within category 1 4 3 4 6 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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 133 133 55 68
Modified Duration (yrs) 2.10 2.50 1.90 2.56
Average Maturity (yrs) 2.40 3.00 2.30 3.11
Yield to Maturity (%) 6.62 8.03 6.44 6.75

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 5.09 - 7.50 5.09
equal 9.95% Food Corporation of India 2022 Bonds AAA 5.09 - 8.40 5.09
down 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 4.93 4.47
up 8.90% State Bank of India 2028 Non Convertible Debenture AAA 3.51 - 4.66 4.30
equal 6.99% Air India Assets Holdings 16/12/2022 Debenture AAA 0.00 - 3.72 3.53
equal 8.81% SIDBI 25/01/2022 Debenture AAA 3.00 - 6.87 3.00
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 6.29 2.85
up 8.35% REC 13/03/2022 Debenture AAA 0.00 - 3.64 2.79
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 2.60 2.47
new 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 2.41 2.41
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 2.70 2.29
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 2.28 - 5.96 2.28
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 2.06 1.96
equal 7.60% ICICI Bank 2023 Bonds AAA 0.00 - 2.07 1.96
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 2.84 1.87
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 1.82 - 4.57 1.82
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 2.34 1.73
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.49 - 5.80 1.49
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 1.48 1.41
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 0.15 - 1.87 1.35
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 1.33 - 4.84 1.33
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 1.31 - 3.08 1.31
equal 7.85% LIC Housing Fin. 23/09/2022 Debenture AAA 0.00 - 1.38 1.31
equal 6.80% SIDBI 29/09/2022 Debenture AAA 0.00 - 1.37 1.30
equal 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 0.00 - 2.20 1.25

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-Jan-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:

Invest Online
0.05%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 1,933.4266

Dividend Weekly: ₹ 1,021.9989

More

Dividend Monthly: ₹ 1,031.3202

Dividend Daily: ₹ 1,022.3137

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: 01-Jan-2013
Return Since Launch: 8.87%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 13,555 Cr (As on 31-Jan-2020)
Expense: 0.29% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Feb-20200.4257

 14-Feb-20200.1808
 13-Feb-20200.3618
 10-Feb-20200.5452
 07-Feb-20201.4595
 06-Feb-20202.3514
 05-Feb-20200.1801
 04-Feb-20200.3350
 03-Feb-20201.1340
 31-Jan-20200.0012
 28-Jan-20200.5540
 27-Jan-20200.5774
 24-Jan-20200.4531
 23-Jan-20200.1622
 22-Jan-20200.6389
 21-Jan-20200.3390
 20-Jan-20200.4281
 17-Jan-20200.1880
 13-Jan-20200.2708
 09-Jan-20200.0299
 08-Jan-20200.3928
 07-Jan-20200.3278
 06-Jan-20200.1042
 03-Jan-20200.9084
 02-Jan-20200.3202
Dividend Weekly17-Feb-20200.9685

 10-Feb-20204.8803
 03-Feb-20201.6897
 27-Jan-20202.1724
 20-Jan-20200.6160
 13-Jan-20201.0215
 06-Jan-20201.9582
 30-Dec-20190.0973
 02-Dec-20191.1069
 25-Nov-20191.3951
 18-Nov-20192.3697
 04-Nov-20192.1702
 29-Oct-20192.1124
 22-Oct-20192.6018
 14-Oct-20191.8720
 07-Oct-20192.2087
 30-Sep-20190.0242
 09-Sep-20191.0784
 03-Sep-20191.5423
 26-Aug-20192.3670
 13-Aug-20192.0819
 05-Aug-20193.2944
 29-Jul-20191.1747
 22-Jul-20190.5873
 15-Jul-20192.6968
Dividend Monthly27-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
 25-Jul-20185.7590
 25-Jun-20184.3086
 25-Apr-20183.6359
 26-Mar-20184.8666
 26-Feb-20183.8452
 25-Jan-20183.5769
 26-Dec-20172.7414
 27-Nov-20173.6669
 25-Oct-20174.2678

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: 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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