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Axis Banking & PSU Debt Fund - Direct Plan

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Debt: Banking and PSU

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1 Lakh

Investment Grown to
₹ 1.09 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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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 0.65 -0.02 -0.01 0.79 0.86 1.89 8.63 8.95 8.45 8.63 --
CCIL T Bill Liquidity Weight 0.54 0.02 0.02 0.20 0.49 0.99 2.47 3.65 3.86 4.33 --
Debt: Banking and PSU 0.39 -0.02 -0.07 1.12 0.56 1.79 9.01 8.54 8.25 8.57 --
Rank within category 3 12 5 19 3 6 14 6 6 8 --
Number of funds in category 21 22 22 22 21 19 18 16 14 12 0

As on 16-Apr-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 - Direct Plan
5 star
 Jan-13 8.63 8.95 8.45 0.31 16,154
IDFC Banking & PSU Debt Fund - Direct Plan
5 star
 Mar-13 9.45 9.59 8.37 0.31 17,764
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 9.21 9.01 8.67 0.34 9,688
Nippon India Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
 May-15 9.54 9.22 8.61 0.33 6,636
LIC MF Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 7.87 8.61 8.17 0.28 2,185

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 8.69 2.09 2.02 4.39 2.62 6.50
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Debt: Banking and PSU 8.28 2.52 1.63 2.88 2.35 5.85
Rank within category 4 3 2 1 11 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-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 169 176 140 82
Modified Duration (yrs) 1.40 1.90 1.40 2.34
Average Maturity (yrs) 1.50 2.20 1.50 3.03
Yield to Maturity (%) 4.57 6.44 4.27 5.21
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 - 7.47 7.47
up 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 5.32 5.32
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 4.60 - 5.76 5.22
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 3.38 - 4.33 4.33
equal 6.80% HPCL 15/12/2022 Debenture AAA 3.39 - 4.47 3.85
up 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 1.94 - 2.93 2.73
equal 8.81% SIDBI 25/01/2022 Debenture AAA 2.21 - 2.97 2.50
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 2.38 2.37
equal 8.35% REC 13/03/2022 Debenture AAA 2.08 - 2.73 2.36
equal 6.90% REC 30/06/2022 Debenture AAA 1.87 - 2.43 2.13
equal 6.27% SIDBI 27/02/2023 Debenture AAA 1.72 - 2.07 2.07
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.73 - 1.70 1.70
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 1.45 - 1.92 1.65
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.33 - 1.73 1.63
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 1.44 - 1.88 1.63
equal Tata Capital Financial Services 2022 Debenture AAA 0.00 - 1.54 1.54
equal 7.60% ICICI Bank 2023 Bonds AAA 1.40 - 2.25 1.47
up 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 2.28 1.47
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 1.38 1.38
equal 6.59% IRFC 14/04/2023 Debenture AAA 1.13 - 1.44 1.33
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.31 - 1.21 1.18
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 1.01 - 1.34 1.15
equal 7.85% LIC Housing Fin. 23/09/2022 Debenture AAA 0.99 - 1.28 1.13
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.96 - 1.23 1.09
equal 8.90% State Bank of India Additional Tier 2 Bond AAA 1.03 - 4.90 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-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 16-Apr-2021

Growth: ₹ 2,101.3589

IDCW Weekly: ₹ 1,037.6676

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IDCW Monthly: ₹ 1,036.3455

IDCW Daily: ₹ 1,038.5948

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: 01-Jan-2013
Return Since Launch: 8.69%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 16,154 Cr (As on 31-Mar-2021)
Expense: 0.31% (As on 31-Mar-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily12-Apr-20210.0581

 06-Apr-20211.0079
 05-Apr-20211.2365
 31-Mar-20210.6709
 30-Mar-20210.7766
 26-Mar-20210.3280
 25-Mar-20210.1492
 24-Mar-20210.2833
 23-Mar-20210.3287
 08-Jan-20210.3239
 07-Jan-20210.2625
 05-Jan-20210.7095
 04-Jan-20210.5578
 01-Jan-20210.5920
 31-Dec-20200.1830
 30-Dec-20200.3705
 29-Dec-20200.2963
 28-Dec-20200.6020
 24-Dec-20200.0678
 23-Dec-20200.1001
 22-Dec-20200.1516
 21-Dec-20200.2535
 07-Dec-20200.3853
 04-Dec-20200.0695
 01-Dec-20200.0418
IDCW Weekly12-Apr-20211.0666

 05-Apr-20211.9072
 30-Mar-20212.9660
 11-Jan-20210.1961
 04-Jan-20211.9998
 28-Dec-20200.9210
 21-Dec-20200.2537
 07-Dec-20200.4548
 01-Dec-20201.3890
 23-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
IDCW Monthly25-Mar-20214.0382

 28-Dec-20202.4498
 25-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

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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