Axis Banking & PSU Debt Fund Direct Growth

Fund Overview

Fund Size

₹13,656 Cr

Expense Ratio

0.34%

ISIN

INF846K01CR6

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

Axis Banking & PSU Debt Fund Direct Growth is a Banking & PSU mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 11 years, 4 months and 17 days, having been launched on 01-Jan-13.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹2474.79, Assets Under Management (AUM) of 13655.95 Crores, and an expense ratio of 0.34%.

Axis Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.80% since inception.
The fund's asset allocation comprises around 0.00% in equities, 94.69% in debts, and 5.04% in cash & cash equivalents.
You can start investing in Axis Banking & PSU Debt Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+6.69%

+5.79% (Cat Avg.)

3 Years

+5.39%

+4.75% (Cat Avg.)

5 Years

+6.87%

+6.08% (Cat Avg.)

10 Years

+7.62%

+6.17% (Cat Avg.)

Since Inception

+7.80%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Debt	₹12,931.01 Cr	94.69%
Others	₹724.95 Cr	5.31%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Export Import Bank Of India	Bond - Corporate Bond	₹891.26 Cr	6.53%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹747.25 Cr	5.47%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹712.35 Cr	5.22%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹706.69 Cr	5.17%
Bajaj Finance Limited	Bond - Corporate Bond	₹685.82 Cr	5.02%
HDFC Bank Limited	Bond - Corporate Bond	₹507.23 Cr	3.71%
Net Receivables / (Payables)	Cash	₹495.86 Cr	3.63%
National Housing Bank	Bond - Corporate Bond	₹465.51 Cr	3.41%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹461.67 Cr	3.38%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹457.6 Cr	3.35%
State Bank Of India	Bond - Corporate Bond	₹361.77 Cr	2.65%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹350.44 Cr	2.57%
State Bank Of India	Bond - Corporate Bond	₹277 Cr	2.03%
Ntpc Limited	Bond - Corporate Bond	₹253.76 Cr	1.86%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹248.36 Cr	1.82%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹239.37 Cr	1.75%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹238.28 Cr	1.74%
Indian Bank	Bond - Corporate Bond	₹226.61 Cr	1.66%
Hdb Financial Services Limited	Bond - Corporate Bond	₹217.14 Cr	1.59%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹209.01 Cr	1.53%
HDFC Bank Limited	Bond - Corporate Bond	₹196.39 Cr	1.44%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹178.48 Cr	1.31%
5.63% Govt Stock 2026	Bond - Gov't/Treasury	₹173.67 Cr	1.27%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹170.3 Cr	1.25%
ICICI Bank Limited	Bond - Corporate Bond	₹169.06 Cr	1.24%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹164.09 Cr	1.20%
Export-Import Bank of India 7.45%	Bond - Gov't Agency Debt	₹149.5 Cr	1.09%
National Housing Bank	Bond - Corporate Bond	₹149.05 Cr	1.09%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹148.83 Cr	1.09%
08.38 RJ Sdl 2026	Bond - Gov't/Treasury	₹147.25 Cr	1.08%
5.74% Govt Stock 2026	Bond - Gov't/Treasury	₹125.81 Cr	0.92%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹124.39 Cr	0.91%
Tata Capital Housing Finance Limited	Bond - Corporate Bond	₹118.86 Cr	0.87%
Hdb Financial Services Limited	Bond - Corporate Bond	₹114.63 Cr	0.84%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹109.26 Cr	0.80%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹105.04 Cr	0.77%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹104.74 Cr	0.77%
Tata Capital Housing Finance Limited	Bond - Corporate Bond	₹101.83 Cr	0.75%
07.57 GJ Sgs 2026	Bond - Gov't/Treasury	₹100.38 Cr	0.74%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹99.14 Cr	0.73%
Clearing Corporation Of India Ltd	Cash - Repurchase Agreement	₹98.53 Cr	0.72%
Punjab National Bank	Cash - CD/Time Deposit	₹94.48 Cr	0.69%
08.67 KA Sdl 2026	Bond - Gov't/Treasury	₹91.91 Cr	0.67%
HDB Financial Services 8.04%	Bond - Corporate Bond	₹79.69 Cr	0.58%
08.67 MH Sdl 2026	Bond - Gov't/Treasury	₹76.61 Cr	0.56%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹74.75 Cr	0.55%
Rec Limited	Bond - Corporate Bond	₹72.85 Cr	0.53%
Goi 19.03.2027 Gov	Bond - Gov't/Treasury	₹72.05 Cr	0.53%
Gscg 15sep2026	Bond - Gov't/Treasury	₹68.5 Cr	0.50%
6.80% Govt Stock 2025	Bond - Gov't/Treasury	₹57.71 Cr	0.42%
0% GOI - 15122026 STRIPS	Bond - Gov't/Treasury	₹55.86 Cr	0.41%
Goi Strips - Mat 190326	Bond - Gov't/Treasury	₹54.23 Cr	0.40%
GSCG 15JUN2026	Bond - Gov't/Treasury	₹52.14 Cr	0.38%
Bajaj Finance Limited	Bond - Corporate Bond	₹49.88 Cr	0.37%
Tata Capital Housing Finance Limited	Bond - Corporate Bond	₹49.88 Cr	0.37%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹49.88 Cr	0.37%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹49.81 Cr	0.36%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹49.74 Cr	0.36%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹49.61 Cr	0.36%
06.18 GJ Sdl 2026	Bond - Gov't/Treasury	₹48.97 Cr	0.36%
HDFC Bank Limited	Bond - Corporate Bond	₹48.94 Cr	0.36%
Canara Bank	Bond - Gov't Agency Debt	₹46.95 Cr	0.34%
Tata Capital Limited	Bond - Corporate Bond	₹45.09 Cr	0.33%
Axis Finance Ltd. 8.3%	Bond - Corporate Bond	₹45.02 Cr	0.33%
Gs CG 16/12/2026 - (Strips) Tb	Bond - Gov't/Treasury	₹42.12 Cr	0.31%
Kotak Mahindra Prime Ltd. 8.225%	Bond - Corporate Bond	₹40.08 Cr	0.29%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2	Mutual Fund - Open End	₹36.06 Cr	0.26%
7.36 Goi	Bond - Gov't/Treasury	₹35.49 Cr	0.26%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹34.9 Cr	0.26%
Mahindra & Mahindra Financial Services Ltd. 8.25%	Bond - Corporate Bond	₹31.05 Cr	0.23%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹30.86 Cr	0.23%
Goi 16.06.2026 Gov	Bond - Gov't/Treasury	₹30.44 Cr	0.22%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹29.7 Cr	0.22%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹25.03 Cr	0.18%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹25 Cr	0.18%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹24.95 Cr	0.18%
HDFC Bank Limited	Bond - Corporate Bond	₹24.94 Cr	0.18%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹24.87 Cr	0.18%
Nuclear Power Corporation Of India Limited	Bond - Corporate Bond	₹24.85 Cr	0.18%
08.49 Tn SDL 2026	Bond - Gov't/Treasury	₹20.36 Cr	0.15%
Goi 16.06.2025 Gov	Bond - Gov't/Treasury	₹18.85 Cr	0.14%
LIC Housing Finance Limited	Bond - Corporate Bond	₹17.54 Cr	0.13%
Nuclear Power Corporation Of India Limited	Bond - Corporate Bond	₹16.53 Cr	0.12%
Export Import Bank Of India	Bond - Corporate Bond	₹15.12 Cr	0.11%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹14.89 Cr	0.11%
7.36 Goi	Bond - Gov't/Treasury	₹12.71 Cr	0.09%
7.59% Govt Stock 2026	Bond - Gov't/Treasury	₹10.07 Cr	0.07%
HDFC Bank Limited	Bond - Corporate Bond	₹10.06 Cr	0.07%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹9.96 Cr	0.07%
Power Finance Corporation Limited	Bond - Corporate Bond	₹9.84 Cr	0.07%
0% GOI - 17122026 STRIPS	Bond - Gov't/Treasury	₹9.82 Cr	0.07%
Ntpc Limited	Bond - Corporate Bond	₹7.56 Cr	0.06%
08.53 Tn SDL 2026	Bond - Gov't/Treasury	₹5.1 Cr	0.04%
08.22 Tn SDL 2025dec	Bond - Gov't/Treasury	₹5.06 Cr	0.04%
08.04 CG Sdl 2026	Bond - Gov't/Treasury	₹5.06 Cr	0.04%
Power Finance Corporation Limited	Bond - Corporate Bond	₹5.05 Cr	0.04%
Bajaj Finance Limited	Bond - Corporate Bond	₹4.99 Cr	0.04%
5.79% Govt Stock 2030	Bond - Gov't/Treasury	₹4.66 Cr	0.03%
05.90 Ts SDL 2025	Bond - Gov't/Treasury	₹3.3 Cr	0.02%
08.72 Tn SDL 2026	Bond - Gov't/Treasury	₹1.54 Cr	0.01%
Kotak Mahindra Investments Limited	Bond - Corporate Bond	₹0.78 Cr	0.01%
7.35% Govt Stock 2024	Bond - Gov't/Treasury	₹0.02 Cr	0.00%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹11,404.87 Cr	83.52%
Bond - Gov't/Treasury	₹1,329.7 Cr	9.74%
Cash	₹495.86 Cr	3.63%
Bond - Gov't Agency Debt	₹196.46 Cr	1.44%
Cash - Repurchase Agreement	₹98.53 Cr	0.72%
Cash - CD/Time Deposit	₹94.48 Cr	0.69%
Mutual Fund - Open End	₹36.06 Cr	0.26%
Cash - Commercial Paper	₹0 Cr	-

Risk & Performance Ratios

Standard Deviation

This fund

0.86%

Cat. avg.

1.48%

Lower the better

Sharpe Ratio

This fund

-0.31

Cat. avg.

-0.62

Higher the better

Sortino Ratio

This fund

Cat. avg.

-0.54

Higher the better

Fund Managers

Aditya Pagaria

Since August 2016

Hardik Shah

Since July 2023

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF846K01CR6		Expense Ratio	0.34%		Exit Load	No Charges		Fund Size	₹13,656 Cr		Age	01 Jan 2013		Lumpsum Minimum	₹5,000		Fund Status	Open Ended Investment Company		Benchmark	NIFTY Banking & PSU Debt TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Banking & PSU Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bandhan Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹14207.57 Cr	6.7%
Bandhan Banking & PSU Debt Fund Regular Growth Moderate Risk	0.6%	0.0%	₹14207.57 Cr	6.3%
Franklin India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.5%	0.0%	₹630.16 Cr	6.7%
Franklin India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.2%	0.0%	₹630.16 Cr	7.0%
PGIM India Banking and PSU Debt fund Direct Growth Moderate Risk	0.2%	0.0%	₹45.38 Cr	6.8%
PGIM India Banking and PSU Debt fund Regular Growth Moderate Risk	0.4%	0.0%	₹45.38 Cr	6.6%
Canara Robeco Banking and PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹405.32 Cr	6.2%
Canara Robeco Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹405.32 Cr	6.5%
Tata Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹213.01 Cr	6.9%
Tata Banking & PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹213.01 Cr	6.4%

About the AMC

Axis Mutual Fund

+91 22 43255161

https://www.axismf.com/

Total AUM

₹2,79,542 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth Moderate Risk	-	0.0%	-	-
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹96.79 Cr	-
Axis India Manufacturing Fund Direct Growth Very High Risk	0.4%	1.0%	₹4683.25 Cr	-
Axis Fixed Term Plan Series 118 100 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 113 1228 Days Direct Growth Low to Moderate Risk	-	0.0%	-	6.9%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 105 1128 Days Direct Growth Moderate Risk	-	0.0%	-	-
Axis Fixed Term Plan Series 112 1143 Days Direct Growth Low to Moderate Risk	-	0.0%	-	6.7%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹77.96 Cr	6.9%
Axis Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹13655.95 Cr	6.7%
Axis Global Equity Alpha Fund of Fund Direct Growth Very High Risk	1.0%	1.0%	₹880.21 Cr	26.3%
Axis Nifty Smallcap 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹293.15 Cr	72.5%
Axis Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹5310.41 Cr	33.3%
Axis Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹8551.93 Cr	7.6%
Axis Equity Hybrid Fund Direct Growth Very High Risk	1.0%	1.0%	₹1588.78 Cr	21.0%
Axis Special Situations Fund Direct Growth Very High Risk	1.2%	1.0%	₹1216.85 Cr	35.9%
Axis Corporate Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹5336.26 Cr	7.3%
Axis ESG Equity Fund Direct Growth Very High Risk	1.2%	1.0%	₹1362.05 Cr	29.4%
Axis Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹4177.79 Cr	8.3%
Axis Greater China Equity Fund of Fund Direct Growth Very High Risk	0.6%	1.0%	₹146.76 Cr	4.4%
Axis Value Fund Direct Growth Very High Risk	1.1%	1.0%	₹531.98 Cr	50.7%
Axis All Seasons Debt Fund of Funds Direct Growth Moderately High risk	0.2%	1.0%	₹172.61 Cr	7.1%
Axis Gilt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹328.09 Cr	7.8%
Axis Bluechip Fund Direct Growth Very High Risk	0.6%	1.0%	₹33351.61 Cr	28.6%
Axis Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1713.46 Cr	6.4%
Axis Gold Fund Direct Growth High Risk	0.2%	1.0%	₹482.60 Cr	20.0%
Axis Focused 25 Fund Direct Growth Very High Risk	0.8%	1.0%	₹13893.00 Cr	26.7%
Axis Regular Saver Fund Direct Growth Very High Risk	0.8%	1.0%	₹336.50 Cr	10.0%
Axis Strategic Bond Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1970.65 Cr	7.6%
Axis Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹35641.94 Cr	31.8%
Axis Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹7944.42 Cr	7.1%
Axis Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹32647.93 Cr	7.4%
Axis Multi Asset Allocation Fund Direct Growth Very High Risk	1.3%	1.0%	₹1202.42 Cr	21.1%
Axis Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹26636.78 Cr	45.2%
Axis Treasury Advantage Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5464.57 Cr	7.5%
Axis Equity Saver Fund Direct Growth Moderately High risk	1.1%	1.0%	₹907.89 Cr	18.7%
Axis Balanced Advantage Fund Direct Growth Moderately High risk	0.9%	1.0%	₹2123.94 Cr	26.9%
Axis Nifty Midcap 50 Index Fund Direct Growth Low Risk	0.2%	0.0%	₹280.68 Cr	56.8%
Axis Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹105.45 Cr	-
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹34.01 Cr	6.6%
Axis Credit Risk Fund Direct Growth Moderately High risk	0.8%	1.0%	₹460.54 Cr	7.6%
Axis Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4651.04 Cr	7.6%
Axis Multicap Fund Direct Growth Very High Risk	0.7%	1.0%	₹5310.41 Cr	50.4%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹68.60 Cr	6.6%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth Low to Moderate Risk	0.1%	0.0%	₹291.83 Cr	6.6%
Axis Silver Fund of Funds Direct Growth Very High Risk	0.1%	0.0%	₹37.60 Cr	18.8%
Axis Nifty Next 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹165.80 Cr	64.7%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹541.26 Cr	7.0%
Axis Long Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹249.29 Cr	6.8%
Axis Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹449.43 Cr	24.6%

Risk Level

Your principal amount will be at Moderate Risk

Still got questions?
We're here to help.

What is the current NAV of Axis Banking & PSU Debt Fund Direct Growth?

The NAV of Axis Banking & PSU Debt Fund Direct Growth, as of 17-May-2024, is ₹2474.79.

What are the returns of Axis Banking & PSU Debt Fund Direct Growth?

The fund has generated 6.69% over the last 1 year and 5.39% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Axis Banking & PSU Debt Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 94.69% in bonds, and 5.04% in cash and cash equivalents.

Who manages the Axis Banking & PSU Debt Fund Direct Growth?

The fund managers responsible for Axis Banking & PSU Debt Fund Direct Growth are:-

Aditya Pagaria
Hardik Shah

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Axis Banking & PSU Debt Fund Direct Growth

Fund Overview