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5 star

Axis Banking & PSU Debt Fund - Direct Plan download report


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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
Axis Banking & PSU Debt Direct-G 0.85 -0.03 0.00 -0.12 0.41 1.28 3.28 7.24 7.52 7.76 --
CCIL T Bill Liquidity Weight* 0.55 0.03 0.00 -0.04 0.32 0.83 1.91 2.81 3.35 3.75 --
Debt: Banking and PSU* 0.13 -0.07 0.11 -0.23 -0.24 0.55 2.86 7.26 7.09 7.64 --
Rank within category* 3 2 20 4 4 3 6 11 3 6 --
Number of funds in category* 22 22 22 22 22 22 22 17 16 13 0

As on 13-May-2022

* As on 16-May-2022

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 3.28 7.24 7.52 0.33% 15,081
IDFC Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Mar-13 2.96 7.77 7.57 0.32% 17,076
Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.31 7.59 7.39 0.34% 10,941
ICICI Prudential Banking & PSU Debt Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.92 7.49 7.14 0.35% 10,510
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.49 7.66 7.49 0.36% 7,845

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 3.28 11-May-2021 - 11-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis Banking & PSU Debt Direct-G 7.25 1.85 2.01 6.91 2.61 5.47
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Banking and PSU 7.29 2.27 1.71 3.70 2.70 5.58
Rank within category 10 3 2 1 7 10
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-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 142 166 142 67
Modified Duration (yrs) 0.65 1.35 0.65 1.87
Average Maturity (yrs) 0.74 1.55 0.74 2.55
Yield to Maturity (%) 4.76 4.76 4.02 5.55
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 6.84% GOI 19/12/2022 GOI Securities SOV 4.97 - 5.41 5.41
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 4.93 - 5.39 5.39
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 4.08 - 4.47 4.47
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 3.65 - 4.04 4.04
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 1.39 - 3.25 3.25
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 2.57 - 2.83 2.83
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 2.25 - 2.52 2.52
equal 6.90% REC 30/06/2022 Debenture AAA 2.01 - 2.23 2.23
equal 6.27% SIDBI 27/02/2023 Debenture AAA 1.96 - 2.17 2.17
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 1.56 - 2.06 2.06
equal HDFC Bank 26/09/2022 Certificate of Deposit A1+ 0.00 - 1.95 1.95
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 1.61 - 1.78 1.78
equal 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 1.54 - 1.68 1.68
equal Tata Capital Financial Services 2022 Debenture AAA 1.46 - 1.66 1.66
equal Indian Bank 15/06/2022 Certificate of Deposit A1+ 0.00 - 1.65 1.65
equal SIDBI 23/03/2023 Commercial Paper A1+ 0.00 - 1.59 1.59
equal 7.60% ICICI Bank 2023 Bonds AAA 1.39 - 1.53 1.53
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.26 - 1.40 1.40
up Export-Import Bank 2022 Certificate of Deposit A1+ 0.00 - 1.31 1.31
equal Bank of Baroda 14/02/2023 Certificate of Deposit A1+ 0.00 - 1.28 1.28
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 1.09 - 1.20 1.20
equal 7.85% LIC Housing Fin. 23/09/2022 Debenture AAA 1.07 - 1.17 1.17
equal 7.28% Power Finance Corporation 2022 Bonds AAA 0.98 - 1.08 1.08
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 0.30 - 1.08 1.08
equal 7.09% REC 17/10/2022 Debenture AAA 0.25 - 1.01 1.01

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-2022

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 13-May-2022

Growth: ₹ 2,183.3075

IDCW Weekly: ₹ 1,033.9915

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IDCW Monthly: ₹ 1,029.3454

IDCW Daily: ₹ 1,034.9155


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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. 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: 8.10%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 15,081 Cr (As on 30-Apr-2022)
Expense: 0.33% (As on 31-Mar-2022)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-May-20220.3709

 29-Apr-20220.0165
 28-Apr-20220.0183
 27-Apr-20220.1987
 26-Apr-20220.1187
 25-Apr-20220.4145
 22-Apr-20220.1074
 21-Apr-20220.1633
 20-Apr-20220.1382
 07-Apr-20220.2047
 06-Apr-20220.0325
 05-Apr-20220.1686
 04-Apr-20220.4879
 31-Mar-20220.4263
 30-Mar-20220.1806
 29-Mar-20220.2018
 28-Mar-20220.3681
 25-Mar-20220.2118
 24-Mar-20220.2709
 23-Mar-20220.1269
 22-Mar-20220.0175
 21-Mar-20220.5153
 17-Mar-20220.3784
 16-Mar-20220.0765
 15-Mar-20220.4061
IDCW Weekly02-May-20220.7236

 25-Apr-20221.2301
 04-Apr-20221.2964
 28-Mar-20220.9956
 21-Mar-20221.3778
 14-Mar-20220.8969
 28-Feb-20220.4352
 21-Feb-20220.9782
 14-Feb-20221.9363
 08-Feb-20220.0205
 31-Jan-20220.5092
 24-Jan-20220.4387
 17-Jan-20221.1274
 10-Jan-20220.6289
 03-Jan-20221.0098
 27-Dec-20210.3771
 20-Dec-20210.2859
 13-Dec-20210.7594
 06-Dec-20211.0037
 29-Nov-20210.3231
 22-Nov-20210.6956
 15-Nov-20210.9090
 08-Nov-20211.0688
 25-Oct-20210.5111
 18-Oct-20210.9120
IDCW Monthly25-Apr-20222.8807

 25-Mar-20223.1043
 25-Feb-20223.5235
 25-Jan-20223.3132
 27-Dec-20212.7787
 25-Nov-20212.6175
 25-Oct-20211.8806
 27-Sep-20212.4427
 25-Aug-20214.5878
 26-Jul-20215.8644
 25-Jun-20212.2469
 25-May-20215.0268
 26-Apr-20216.3372
 25-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

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

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Last Session

Investors' Hangout

How much will debt funds deliver now?

DateFriday, 13-May-2022
Time12:30 PM - 12:40 PM

Registration Over