Axis Banking & PSU Debt Fund Direct Plan Growth
Debt
Direct
Banking & Psu
NAV: ₹ 2368.2 as on 29-09-2023
Fund Performance
447 people have invested ₹ 38.3L in Axis Banking & PSU Debt Fund Direct Plan Growth in the last three months
Fund Insights
In the last 1 year, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 7.7% return, outperforming this fund by 0.8%.
Over the last 3 months, this fund has increased expense ratio by 3.0% moving from 0.33 to 0.34.
In the last 5 years, Bandhan Banking & PSU Debt Fund Direct Growth has given 7.92% return, outperforming this fund by 0.47% per annum.
Over the last 3 months, this fund has experienced a 2.1% drop in AUM moving from 14.76K Cr to 14.45K Cr.
This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.34% which is lower than the category average expense ratio of 0.54%.
In the last 3 years, UTI Banking & PSU Debt Fund Direct Plan Growth has given 6.85% return, outperforming this fund by 1.82% per annum.
About the Fund
Axis Banking & PSU Debt Fund Direct Plan 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
- Axis Banking & PSU Debt Fund Direct Plan Growth has ₹14453 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Axis Banking & PSU Debt Fund Direct Plan Growth Overview
 | 0.34% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹14453 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 144.95% |
Fund Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
51.5%
Government
45.3%
Cash Equivalent
3.2%
Top Holdings of Axis Banking & PSU Debt Fund Direct Plan Growth as on (31-Aug-23)
Debt Holdings97
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Export Import Bank Of India | 6.16% | 0% | |
Indian Railway Finance Corporation Limited | 5.8% | 0% | |
Rural Electrification Corporation Limited | 5.18% | 0% | |
Bajaj Finance Limited | 4.79% | 0% | |
Small Industries Development Bank Of India | 4.75% | 0% |
See all
Axis Banking & PSU Debt Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 14.5K Cr as of Aug'23
- AUM decreased by 64.7 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
Axis Banking & PSU Debt Fund Direct Plan Growth Fund Manager
Hardik Shah
Fund Manager of Axis Banking & PSU Debt Fund Direct Plan Growth, since 3 July 2023
Top funds managed
Aditya Pagaria
Fund Manager of Axis Banking & PSU Debt Fund Direct Plan Growth, since 13 August 2016
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.84% since inception which is more than its category average return of 5.49%
AUM size ₹14453 Cr
This fund has AUM of ₹14453 Cr which is more than its category average of ₹ 3794 Cr
Expense Ratio 0.34%
This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.48%
Frequently Asked Questions
The current NAV of Axis Banking & PSU Debt Fund Direct Plan Growth is ₹2368.19 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Axis Banking & PSU Debt Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.47% | 0.47% |
6 Month Returns | 3.59% | 3.59% |
1 Year Returns | 6.9% | 6.9% |
3 Years Returns | 15.84% | 5.02% |
5 Years Returns | 43.22% | 7.45% |
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.
0.34% as on August 2023
₹14453 Cr as on August 2023
Export Import Bank Of India(6.16%), Indian Railway Finance Corporation Limited(5.8%), Rural Electrification Corporation Limited(5.18%), Bajaj Finance Limited(4.79%), Small Industries Development Bank Of India(4.75%) as on August 2023
Corporate(51.85%), Government(45.47%), Cash Equivalent(2.67%) as on August 2023
Yield to Maturity is 7.53 as on August 2023. 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 2.32 as on August 2023. 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 Plan Growth
The Exit load of Axis Banking & PSU Debt Fund Direct Plan Growth is 0%