Axis Banking & PSU Debt Fund Direct Plan Growth Option - Latest NAV ₹2084.7211, Returns, Performance & Portfolio

Axis Banking & PSU Debt Fund Direct Plan Growth Option

  • highlight
    8.66%
  • highlight
    (--0.05)2084.7211

Min amount: ₹1,000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 6.44 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years8.66%
3 Years9.14%
1 Year7.8%
6 Months2.44%
Fund Details
ISININF846K01CR6
RiskModerately Low risk
Fund TypeBanking & PSU
NAV2084.7211
Exit Load--

More about this fundstar

Top HoldingsWeightage
Food Corporation of India7.25%
National Bank For Agriculture and Rural Development5.06%
NTPC Limited4.2%
Hindustan Petroleum Corporation Limited3.74%
Housing Development Finance Corporation Limited2.48%
Small Industries Development Bank of India2.42%
Indian Oil Corporation Limited2.29%
REC Limited2.28%
REC Limited2.06%
Small Industries Development Bank of India2%

About Axis Banking & PSU Debt Fund

Axis Banking & PSU Debt Fund, an open-ended debt scheme, invests predominantly in debt and money market instruments issued by banks, public sector units (PSUs), and public financial institutions (PFIs). This fund acts as an alternative to traditional fixed savings instruments and aims to generate stable returns over an ideal investment horizon of 12 months or more.

Pros and Cons of Axis Banking & PSU Debt Fund

The exit load for the Axis Banking & PSU Debt Fund is zero. The risk adjusted returns are higher than the category. In addition, the one-year, three-year, and five-year returns are higher than the category average returns. Also, the scheme attempts to generate optimum returns with low credit risk.

Fund Information and Statistics

i) Inception/Launch Date Axis Banking & PSU Debt Fund was rolled out on 1 January 2013.

ii) Risk Level Axis Banking & PSUs Debt Fund is suitable for investors with moderately low risk appetite. The fund generates regular income over short to medium term and primarily invests in debt and money markets issued by banks, PSUs, and PFIs.

iii) Redemption Lock-in period is not applicable to Axis Banking & PSU Debt Fund. Since exit load is also not applicable, the cost of reduction falls.

iv) Fund Manager Mr Aditya Pagaria is the Fund Manager for Axis Banking & PSU Debt Fund since August 2016.

v) Entry/Exit Load As per SEBI’s norms, entry load is not charged when you purchase mutual fund units. Further, no exit load is charged when you redeem units from the fund, with effect from 14 July 2014.

About Axis Mutual Fund

Axis Mutual Fund, one among the fastest growing asset management companies, got registered with the Securities and Exchange Board of India (SEBI) on 4 September 2009. The company has Axis Bank Limited as the sponsor and Axis Mutual Fund Trustee limited as the trustee company. The average assets under management of the fund house is worth Rs.1,38,40,162.07 lakh and has about 60 lakh active folios.

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Min amount: ₹1,000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 6.44 Lakhs in a period of 20 years
Moderately Low risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns