Axis Banking & PSU Debt Fund Direct Growth

Axis Banking & PSU Debt Fund Direct Growth

Debt

Direct

Banking & Psu

NAV as on 11-12-2024

₹ 2590.28

Inception Returns

7.8%

/yr

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 ₹13122 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 7.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.18%, 6.21% and 6.47% respectively.

Holdings

Axis Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, Export Import Bank Of India, Indian Railway Finance Corporation Limited, Rural Electrification Corporation Limited, Small Industries Development Bank Of India

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:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
286 people have invested ₹ 25.1L in Axis Banking & PSU Debt Fund Direct Growth in the last three months

Axis Banking & PSU Debt Fund Direct Growth Overview

Expense ratio0.35%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹13122 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 (11-Dec-24)

Period
Axis Banking & PSU Debt Fund Direct Growth
Banking and PSU Index
1M
0.7%
0.5%
3M
2%
1.7%
6M
4.2%
3.8%
1Y
8.2%
7.9%
3Y
6.2%
5.7%
5Y
6.5%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
56%
Government
39%
Cash Equivalent
5%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 13.1K Cr
₹ 13.2K Cr
₹ 13.3K Cr
  • AUM of the fund stands at 13.1K Cr as of Oct'24
  • AUM decreased by 83.5 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 4% to 5.2%
Cash allocation has gone up from 4% to 5.2%
Debt allocation has gone down from 95.8% to 94.6%
Debt allocation has gone down from 95.8% to 94.6%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
56%
Government
39%
Sep'24
Corporate
56%
Government
40%
  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
9.42%
-1.2%
Export Import Bank Of India
Export Import Bank Of India
6.67%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
5.1%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
4.79%
-7.4%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
4.68%
-14%
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Hardik Shah
Hardik Shah
Fund Manager of Axis Banking & PSU Debt Fund Direct Growth, since 3 July 2023
Aditya Pagaria
Aditya Pagaria
Fund Manager of Axis Banking & PSU Debt Fund Direct Growth, since 13 August 2016
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.35L Cr
as on 31-Oct-2024
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
Over the last 15 months, this fund has increased expense ratio by 6.1% moving from 0.33 to 0.35.
Insights icon
In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.51% return, outperforming this fund by 1.04% per annum.
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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 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 8.45% return, outperforming this fund by 2.24% per annum.
Insights icon
In the last 1 year, DSP Banking & PSU Debt Fund Direct Growth has given 9.43% return, outperforming this fund by 1.25%.
Insights icon
Over the last 6 months, this fund has experienced a 3.9% drop in AUM moving from 13.66K Cr to 13.12K Cr.

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 7.83% since inception which is more than its category average return of 5.85%
AUM size ₹13122 Cr

AUM size ₹13122 Cr

This fund has AUM of ₹13122 Cr which is more than its category average of ₹ 3594 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 0.49%

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

The current NAV of Axis Banking & PSU Debt Fund Direct Growth is ₹2590.28 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
Axis Banking & PSU Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.66%
0.66%
6 Month Returns
4.19%
4.19%
1 Year Returns
8.18%
8.18%
3 Years Returns
19.81%
6.21%
5 Years Returns
36.83%
6.47%
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 November 2024
₹13122 Cr as on November 2024
7.18% Govt Stock 2033(9.42%), Export Import Bank Of India(6.67%), Indian Railway Finance Corporation Limited(5.1%), Rural Electrification Corporation Limited(4.79%), Small Industries Development Bank Of India(4.68%) as on November 2024
Corporate(55.2%), Government(41.32%), Cash Equivalent(3.47%) as on November 2024
Yield to Maturity is 7.31 as on November 2024. 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 2.82 as on November 2024. 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%