Axis Banking & PSU Debt Fund Growth - Latest NAV ₹2007.7001, Returns, Performance & Portfolio

Axis Banking & PSU Debt Fund Growth

  • highlight
    8.63%
  • highlight
    (+0.5)2007.7001

Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 12.84 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years8.63%
3 Years9%
1 Year9.6%
6 Months7.23%
Fund Details
ISININF846K01CB0
RiskModerately Low risk
Fund TypeBanking & PSU
NAV2007.7001
Exit Load--

More about this fundstar

Top HoldingsWeightage
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT5.35%
State Bank Of India4.9%
Food Corporation Of India4.67%
Hindustan Petroleum Corporation Limited3.92%
NTPC Limited3.78%
Housing Development Finance Corporation Limited2.6%
Small Industries Development Bank Of India2.57%
REC LIMITED2.4%
Indian Oil Corporation Limited2.38%
Rec Limited2.15%

About Axis Banking & PSU Debt Fund

The Axis Banking & PSU Debt Fund is an open-ended debt scheme. It seeks to generate stable returns with low credit risk by investing predominantly in a portfolio of debt securities and money market instruments issued by Banks, Public Sector Units (PSUs) & Public Financial Institutions (PFIs).

Pros & Cons of Axis Banking & PSU Debt Fund

  • The scheme invests at least 70% of its net assets in securities rated AAA/A1+/Sov and equivalent. The scheme uses a bottom-up approach while selecting instruments.
  • As on December 31, 2018, the scheme is ranked 1 under CRISIL’s Banking & PSU Fund category.
  • Further, it has generated returns of 8.09% per year over the last 5 years (as on January 31, 2019).

Fund Information and Statistics of Axis Banking & PSU Debt Fund

Inception / Launch Date

The scheme was launched on 08 June 2012 by Axis Mutual Fund.

Risk Level

According to the investment objective and asset allocation of the scheme, it has a Moderately-Low risk level associated with it.

Redemption

The minimum redemption amount is Rs.1000. The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

Fund Manager(s)

Mr. Aditya Pagaria is the Fund Manager of the Axis Banking & PSU Debt Fund since August 13, 2016.

Entry / Exit Load

There is no entry load or exit load in this scheme.

Tax benefits of investing in Axis Banking & PSU Debt Fund

The following taxes are applicable to the income arising from investing in this scheme:

  • STCG is added to the investor's income and taxed as per the income-tax slab.
  • LTCG component is taxed at 20% with indexation benefits.

About Axis Mutual Fund

Axis Mutual Fund launched its first scheme in 2009 and has experienced steady growth having a presence in over 90 cities and more than 20 lakh active investors. The fund house works on three guiding principles of investor-centric focus, long-term wealth creation, and a long-term relationship. It also offers a wide range of schemes to suit the requirements of different investors.

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Frequently Asked Questions

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Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 12.84 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