Axis Banking & PSU Debt Fund Direct Growth

Axis Banking & PSU Debt Fund Direct Growth

Debt

Banking & Psu

NAV as on 23-04-2025

₹ 2691.64

Inception Returns

7.9%

/yr

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
262 people have invested ₹ 28.4L in Axis Banking & PSU Debt Fund Direct Growth in the last three months

About Axis Banking & PSU Debt Fund Direct Growth

Axis Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Hardik Shah, Aditya Pagaria. This fund is suitable to keep your money safe.

Key Parameters

  1. Axis Banking & PSU Debt Fund Direct Growth has ₹13075 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Axis Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.34%, 7.12% and 6.60% respectively.

Holdings

Axis Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are Export Import Bank Of India, 7.1% Govt Stock 2034, Indian Railway Finance Corporation Limited, 7.58% LIC Housing Finance Limited (23/03/2035), 7.18% Govt Stock 2033

Taxation

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Axis Banking & PSU Debt Fund Direct Growth

To generate stable returns by investing predominantly in debt & money market instruments issued by Banks, Public Sector Units (PSUs) & Public Financial Institutions (PFIs). The scheme shall endeavor to generate optimum returns with low credit risk.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Banking & PSU Debt Fund Direct Growth has no lock in period.

Axis Banking & PSU Debt Fund Direct Growth Overview

Expense ratio0.35%
Benchmark
NIFTY Banking & PSU Debt TR INR
AUM₹13075 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
68.2%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (23-Apr-25)

Period
Axis Banking & PSU Debt Fund Direct Growth
Banking and PSU Index
1M
1.9%
1.6%
3M
3.2%
2.8%
6M
5%
4.3%
1Y
9.3%
8.6%
3Y
7.1%
6.8%
5Y
6.6%
6.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%
Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Corporate
53%
Government
42.8%
Cash Equivalent
4.2%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 13K Cr
₹ 13K Cr
₹ 13K Cr
  • AUM of the fund stands at 13K Cr as of Mar'25
  • AUM decreased by 26.4 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Indian Railway Finance Corporation Limited's allocation increased from 0.07% to 5.15%
Indian Railway Finance Corporation Limited's allocation increased from 0.07% to 5.15%
National Bank For Agriculture And Rural Development's allocation increased from 0.25% to 3.58%
National Bank For Agriculture And Rural Development's allocation increased from 0.25% to 3.58%
HDFC Bank Limited's allocation increased from 1.16% to 3.94%
HDFC Bank Limited's allocation increased from 1.16% to 3.94%
Top Stocks sold last month
Small Industries Development Bank Of India's allocation decreased from 5.26 % to 4.73 %
Small Industries Development Bank Of India's allocation decreased from 5.26 % to 4.73 %
National Bank For Agriculture And Rural Development's allocation decreased from 5.26 % to 3.07 %
National Bank For Agriculture And Rural Development's allocation decreased from 5.26 % to 3.07 %
Rec Limited's allocation decreased from 5.26 % to 2.52 %
Rec Limited's allocation decreased from 5.26 % to 2.52 %
Cash allocation has gone down from 5.7% to 5.5%
Cash allocation has gone down from 5.7% to 5.5%
Debt allocation has gone up from 94% to 94.2%
Debt allocation has gone up from 94% to 94.2%

Top 2 Sectors in March were Corporate, Government

Mar'25
Corporate
53%
Government
43%
Feb'25
Corporate
54%
Government
41%

  • Debt & Cash

Holdings
Weight%
1M Change
Export Import Bank Of India
Export Import Bank Of India
6.7%
0%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
5.03%
-15.9%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
4.92%
0%
7.58% LIC Housing Finance Limited (23/03/2035)
7.58% LIC Housing Finance Limited (23/03/2035)
4.67%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
4.61%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Axis Banking & PSU Debt Fund Direct Growth
Axis Banking & PSU Debt Fund Direct Growth
9.34%
7.12%
6.6%
7.93%
DSP Banking & PSU Debt Fund Direct Growth
DSP Banking & PSU Debt Fund Direct Growth
10.5%
7.6%
6.76%
8.15%
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Plan Growth
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Plan Growth
9.89%
7.48%
6.98%
8.56%
HDFC Banking & PSU Debt Fund Direct Plan Growth Option
HDFC Banking & PSU Debt Fund Direct Plan Growth Option
9.87%
7.51%
7.03%
8.12%
See all
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Hardik Shah
Hardik Shah
Fund Manager of Axis Banking & PSU Debt Fund Direct Growth, since 3 July 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Axis Banking & PSU Debt Fund Direct Plan Growth
7.11%
6.84%
Axis Corporate Bond Fund Direct Growth
7.94%
6.93%
Axis Ultra Short Duration Fund Direct Growth
7.26%
6.36%
Aditya Pagaria
Aditya Pagaria
Fund Manager of Axis Banking & PSU Debt Fund Direct Growth, since 13 August 2016
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Axis Banking & PSU Debt Fund Direct Plan Growth
7.11%
6.84%
Axis Money Market Fund Direct Growth
7.32%
6.62%
Axis Liquid Fund Direct Plan Growth Option
6.93%
6.43%
Fund House
Axis Asset Management Company Limited
Total Schemes
73
See all Axis schemes
Total AUM
₹3.08L Cr
as on 31-Mar-2025
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Mutual Fund Insights

Insights icon
In the last 1 year, DSP Banking & PSU Debt Fund Direct Growth has given 10.5% return, outperforming this fund by 1.16%.
Insights icon
In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 9.48% return, outperforming this fund by 2.36% per annum.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 6.1% moving from 0.33 to 0.35.
Insights icon
This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.35% which is lower than the category average expense ratio of 0.55%.
Insights icon
In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.49% return, outperforming this fund by 0.89% per annum.

Axis Banking & PSU Debt Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.93% since inception which is more than its category average return of 6.21%
AUM size ₹13075 Cr

AUM size ₹13075 Cr

This fund has AUM of ₹13075 Cr which is more than its category average of ₹ 4102 Cr
Expense Ratio 0.35%

Expense Ratio 0.35%

This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.51%

More funds from Axis

Frequently Asked Questions for Axis Banking & PSU Debt Fund Direct Growth

The current NAV of Axis Banking & PSU Debt Fund Direct Growth is ₹2691.64 as on 23-Apr-2025.
Existing (Absolute + CAGR) as on 23-Apr-2025.
Axis Banking & PSU Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.88%
1.88%
6 Month Returns
5.01%
5.01%
1 Year Returns
9.34%
9.34%
3 Years Returns
22.92%
7.12%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.35% as on March 2025
₹13075 Cr as on March 2025
Export Import Bank Of India(6.7%), 7.1% Govt Stock 2034(5.03%), Indian Railway Finance Corporation Limited(4.92%), 7.58% LIC Housing Finance Limited (23/03/2035)(4.67%), 7.18% Govt Stock 2033(4.61%) as on March 2025
Corporate(54.93%), Government(41.32%), Cash Equivalent(3.75%) as on March 2025
Yield to Maturity is 7.19 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.81 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Hardik Shah, Aditya Pagaria are the fund managers of Axis Banking & PSU Debt Fund Direct Growth
The Exit load of Axis Banking & PSU Debt Fund Direct Growth is 0%