Axis Banking & PSU Debt Fund Direct Growth
DebtBanking & PSUModerate Risk
Direct
NAV (22-Oct-24)
₹2562.11-0.03%1D
Returns (Since Inception)
7.82%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹13,160 Cr
Expense Ratio
0.35%
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, 9 months and 22 days, having been launched on 01-Jan-13.
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹2562.11, Assets Under Management (AUM) of 13159.60 Crores, and an expense ratio of 0.35%.
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹2562.11, Assets Under Management (AUM) of 13159.60 Crores, and an expense ratio of 0.35%.
- Axis Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.82% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 95.77% in debts, and 3.96% 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
+8.00%
+7.32% (Cat Avg.)
3 Years
+5.99%
+5.42% (Cat Avg.)
5 Years
+6.46%
+6.01% (Cat Avg.)
10 Years
+7.58%
+6.29% (Cat Avg.)
Since Inception
+7.82%
— (Cat Avg.)
Portfolio Summaryas of 30th September 2024
| Debt | ₹12,602.34 Cr | 95.77% |
| Others | ₹557.26 Cr | 4.23% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 07.18 Goi 2033 | Bond - Gov't/Treasury | ₹1,715.86 Cr | 13.04% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹870.98 Cr | 6.62% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹709.37 Cr | 5.39% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹674.65 Cr | 5.13% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹664.8 Cr | 5.05% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹530.87 Cr | 4.03% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹508.66 Cr | 3.87% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹397.67 Cr | 3.02% |
| Net Receivables / (Payables) | Cash | ₹377.49 Cr | 2.87% |
| National Housing Bank | Bond - Corporate Bond | ₹377.43 Cr | 2.87% |
| State Bank Of India | Bond - Corporate Bond | ₹317.19 Cr | 2.41% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹283.17 Cr | 2.15% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹264.4 Cr | 2.01% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹259.28 Cr | 1.97% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹244.74 Cr | 1.86% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹239.78 Cr | 1.82% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹226.83 Cr | 1.72% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹209.45 Cr | 1.59% |
| Indian Bank | Bond - Corporate Bond | ₹208.27 Cr | 1.58% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹207.4 Cr | 1.58% |
| National Housing Bank | Bond - Corporate Bond | ₹201.4 Cr | 1.53% |
| State Bank Of India | Bond - Corporate Bond | ₹171.72 Cr | 1.30% |
| Power Finance Corp Ltd. 7.55% | Bond - Corporate Bond | ₹150.33 Cr | 1.14% |
| ICICI Bank Limited | Bond - Corporate Bond | ₹150.05 Cr | 1.14% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹149.49 Cr | 1.14% |
| Clearing Corporation Of India Ltd | Cash - Repurchase Agreement | ₹143.03 Cr | 1.09% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹124.97 Cr | 0.95% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹124.83 Cr | 0.95% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹114.88 Cr | 0.87% |
| 7.26% Govt Stock 2033 | Bond - Gov't/Treasury | ₹113.54 Cr | 0.86% |
| Ntpc Limited | Bond - Corporate Bond | ₹104.88 Cr | 0.80% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹102.75 Cr | 0.78% |
| 7.93% Govt Stock 2033 | Bond - Gov't/Treasury | ₹102.66 Cr | 0.78% |
| Mahindra & Mahindra Financial Services Ltd | Bond - Corporate Bond | ₹100.81 Cr | 0.77% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹100.52 Cr | 0.76% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹100.52 Cr | 0.76% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹100.02 Cr | 0.76% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹100.01 Cr | 0.76% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹80.45 Cr | 0.61% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹74.79 Cr | 0.57% |
| National Bank for Agriculture and Rural Development 7.62% | Bond - Gov't Agency Debt | ₹50.38 Cr | 0.38% |
| Export-Import Bank of India 7.45% | Bond - Gov't Agency Debt | ₹50.34 Cr | 0.38% |
| Small Industries Development Bank of India 7.75% | Bond - Corporate Bond | ₹50.27 Cr | 0.38% |
| Small Industries Development Bank of India 7.68% | Bond - Corporate Bond | ₹50.25 Cr | 0.38% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹50.24 Cr | 0.38% |
| REC Ltd. 7.71% | Bond - Corporate Bond | ₹50.2 Cr | 0.38% |
| REC Ltd. 7.64% | Bond - Corporate Bond | ₹50.16 Cr | 0.38% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹50.15 Cr | 0.38% |
| HDB Financial Services Ltd. 8.04% | Bond - Corporate Bond | ₹49.91 Cr | 0.38% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹49.91 Cr | 0.38% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹49.91 Cr | 0.38% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹49.31 Cr | 0.37% |
| Rec Limited | Bond - Corporate Bond | ₹48.94 Cr | 0.37% |
| National Housing Bank | Bond - Corporate Bond | ₹44.91 Cr | 0.34% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹40.81 Cr | 0.31% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹40.23 Cr | 0.31% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹39.82 Cr | 0.30% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | Mutual Fund - Open End | ₹36.74 Cr | 0.28% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹34.99 Cr | 0.27% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹29.82 Cr | 0.23% |
| 07.23 Goi 2064 | Bond - Gov't/Treasury | ₹26.01 Cr | 0.20% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹25.74 Cr | 0.20% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹25.56 Cr | 0.19% |
| Power Finance Corp Ltd. 7.6% | Bond - Corporate Bond | ₹25.29 Cr | 0.19% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹25.18 Cr | 0.19% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.15 Cr | 0.19% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹25.06 Cr | 0.19% |
| Nuclear Power Corporation Of India Limited | Bond - Corporate Bond | ₹25.05 Cr | 0.19% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.19% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.02 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.96 Cr | 0.19% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹24.95 Cr | 0.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹20.95 Cr | 0.16% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹17.56 Cr | 0.13% |
| Nuclear Power Corporation Of India Limited | Bond - Corporate Bond | ₹16.47 Cr | 0.13% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹15.1 Cr | 0.11% |
| Sundaram Home Finance Limited 7.9% | Bond - Corporate Bond | ₹15.01 Cr | 0.11% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹14.93 Cr | 0.11% |
| 7.59% Govt Stock 2026 | Bond - Gov't/Treasury | ₹10.11 Cr | 0.08% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹10.07 Cr | 0.08% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹10.06 Cr | 0.08% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹10 Cr | 0.08% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹9.98 Cr | 0.08% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹9.96 Cr | 0.08% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹9.89 Cr | 0.08% |
| Ntpc Limited | Bond - Corporate Bond | ₹7.57 Cr | 0.06% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.98 Cr | 0.05% |
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹5.12 Cr | 0.04% |
| 08.53 Tn SDL 2026 | Bond - Gov't/Treasury | ₹5.11 Cr | 0.04% |
| 08.22 Tn SDL 2025dec | Bond - Gov't/Treasury | ₹5.08 Cr | 0.04% |
| 08.04 CG Sdl 2026 | Bond - Gov't/Treasury | ₹5.08 Cr | 0.04% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.04% |
| Axis Finance Ltd. 8.3% | Bond - Corporate Bond | ₹5.01 Cr | 0.04% |
| 5.74% Govt Stock 2026 | Bond - Gov't/Treasury | ₹4.91 Cr | 0.04% |
| 5.79% Govt Stock 2030 | Bond - Gov't/Treasury | ₹4.79 Cr | 0.04% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹4.48 Cr | 0.03% |
| 5.63% Govt Stock 2026 | Bond - Gov't/Treasury | ₹3.45 Cr | 0.03% |
| 05.90 Ts SDL 2025 | Bond - Gov't/Treasury | ₹3.33 Cr | 0.03% |
| 08.72 Tn SDL 2026 | Bond - Gov't/Treasury | ₹1.55 Cr | 0.01% |
| Mahindra & Mahindra Financial Services Ltd. 8.25% | Bond - Corporate Bond | ₹1 Cr | 0.01% |
| Bharat Petroleum Corporation Limited | Bond - Corporate Bond | ₹1 Cr | 0.01% |
| Kotak Mahindra Investments Limited | Bond - Corporate Bond | ₹0.81 Cr | 0.01% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹10,495.02 Cr | 79.75% |
| Bond - Gov't/Treasury | ₹2,006.6 Cr | 15.25% |
| Cash | ₹377.49 Cr | 2.87% |
| Cash - Repurchase Agreement | ₹143.03 Cr | 1.09% |
| Bond - Gov't Agency Debt | ₹100.72 Cr | 0.77% |
| Mutual Fund - Open End | ₹36.74 Cr | 0.28% |
Risk & Performance Ratios
Standard Deviation
This fund
0.89%
Cat. avg.
1.53%
Lower the better
Sharpe Ratio
This fund
-0.12
Cat. avg.
-0.55
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.47
Higher the better
Fund Managers
AP
Aditya Pagaria
Since August 2016
Hardik Shah
Since July 2023
Additional Scheme Detailsas of 30th September 2024
ISIN INF846K01CR6 | Expense Ratio 0.35% | Exit Load No Charges | Fund Size ₹13,160 Cr | Age 11 years 9 months | 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
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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% | ₹13645.90 Cr | 8.1% |
| Bandhan Banking & PSU Debt Fund Regular Growth Moderate Risk | 0.6% | 0.0% | ₹13645.90 Cr | 7.8% |
| Franklin India Banking & PSU Debt Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹579.04 Cr | 7.8% |
| Franklin India Banking & PSU Debt Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹579.04 Cr | 8.2% |
| 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% | ₹237.74 Cr | 7.9% |
| Canara Robeco Banking and PSU Debt Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹237.74 Cr | 8.3% |
| Tata Banking & PSU Debt Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹207.53 Cr | 7.0% |
| Tata Banking & PSU Debt Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹207.53 Cr | 6.5% |
About the AMC
Axis Mutual Fund
Total AUM
₹3,14,919 Cr
Address
Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025
Other Funds by Axis Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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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 22-Oct-2024, is ₹2562.11.
What are the returns of Axis Banking & PSU Debt Fund Direct Growth?
The fund has generated 8.00% over the last 1 year and 5.99% 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, 95.77% in bonds, and 3.96% 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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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.