Axis Banking & PSU Debt Fund Direct Plan Growth Option
- 8.63%
- (+0.71)2085.4317
Min amount: ₹1,000
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Fund Summary
| Period | Returns(per year) |
|---|---|
| 10 Years | -- |
| 5 Years | 8.63% |
| 3 Years | 9.14% |
| 1 Year | 7.97% |
| 6 Months | 2.04% |
| Fund Details | |
|---|---|
| ISIN | INF846K01CR6 |
| Risk | Moderately Low risk |
| Fund Type | Banking & PSU |
| NAV | 2085.4317 |
| Exit Load | -- |
More about this fund
| Top Holdings | Weightage |
|---|---|
| Food Corporation of India | 7.25% |
| National Bank For Agriculture and Rural Development | 5.06% |
| NTPC Limited | 4.2% |
| Hindustan Petroleum Corporation Limited | 3.74% |
| Housing Development Finance Corporation Limited | 2.48% |
| Small Industries Development Bank of India | 2.42% |
| Indian Oil Corporation Limited | 2.29% |
| REC Limited | 2.28% |
| REC Limited | 2.06% |
| Small Industries Development Bank of India | 2% |
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
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