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  • Axis Mutual Fund
  • Axis Banking & PSU Debt Fund (RIDCW-M)

Formerly Axis Banking Debt Fund Dl Div

Axis Mutual Fund

Axis Banking & PSU Debt Fund (RIDCW-M)

DebtBanking And Psu

1039.1303

NAV (Jun 18)

4.6%
3 Year CAGR
Scripbox Opinion
Neutral
Click here for top ranked funds in banking and psu mutual funds.

Banking and psu funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.

Banking and PSU Funds are mandated to invest a minimum of 80% of total assets in debt instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions.

They tend to invest in medium to long duration securities and hence are exposed to higher variations when interest rates change.

The category accounts for close to 8% of the total assets in the Debt Segment.

We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Category Leader

The fund has been a Category Leader on the Fund Size metric

Rolling Returns

Satisfactory

The performance of the fund on a Rolling Returns metric has been Satisfactory

Invest in this fund
Scripbox Recommended Debt Funds
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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

1039.1303

NAV (Jun 18)

Fund Returns

Last 1Y
6.5%
Last 3Y
5.2%
Last 5Y
6.4%
Last 10Y
7.3%
Since Inception
7.6%
6 Month CAGR
3.5%

Scheme Information

Investment Objective

To generate stable returns by investing predominantly in debt & money market instruments issued by Banks,Public Sector Units (PSUs) & Public Financial Institutions (PFIs). The scheme shall endeavor to generate optimum returns with low credit risk.

Expense Ratio
0.63
Launched (12y ago)
Jun 08, 2012
AUM in Crores
13681.430
ISIN
INF846K01CC8
Lock-in
No Lock-in
Benchmark
NIFTY Banking & PSU Debt TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
0.9
Standard Deviation (5yr)
1.4
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
-1.088
Sharpe Ratio (5yr)
0.342
YTM
7.75
Fund Managers

Hardik Shah

Fund Manager

Aditya Pagaria

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Axis Banking & PSU Debt Fund (RIDCW-M)70%8,40,245 1,07,6335.7%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2024-06-18

Top Debt Holdings

7.18% govt stock 2033

6.7%
6.7%

export import bank of india

6.5%
6.5%

rural electrification corporation limited

5.5%
5.5%

small industries development bank of india

5.2%
5.2%

indian railway finance corporation limited

5.2%
5.2%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 26 60 40 fund (G)
Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 26 60 40 fund (G)

₹ 10,797 cr

₹ 5,001 cr

₹ 46,422 cr

₹ 14,535 cr

₹ 15,157 cr

amc-img

About the AMC

Axis Asset Management Company Limited

Axis Asset Management Company Limited manages assets worth 297,864 crores and was set up on 13 January 2009. It's current offering of mutual fund schemes includes 62 equity,113 debt and 32 hybrid funds.amc-img
phone-img022-43255161
Fund NameScripbox Opinion
Till Date CAGR

4.8%

7.9%

5.7%

7%

5.9%

8%

5.7%

7%

-

5.2%

Axis Banking & PSU Debt Fund (RIDCW-M) Review

Axis Banking & PSU Debt Fund (RIDCW-M) is a Banking And Psu Debt fund and has delivered an annualised return of 6% over a period of 12 years. The fund was previously known as Axis Banking Debt Fund Dl Div. The fund is managed by Axis Asset Management Company Limited. The fund managers are Aditya Pagaria, Hardik Shah.

Nav of Axis Banking & PSU Debt Fund (RIDCW-M) as of 6/18/2024 is ₹1039.13 with the total AUM as of 6/19/2024 is ₹13681.43. With Scripbox you can compare and check the latest nav for all mutual funds in India. Axis Banking & PSU Debt Fund (RIDCW-M) was launched on Jun 08, 2012. The category risk of the fund is Moderate Risk.

The minimum SIP amount for Axis Banking & PSU Debt Fund (RIDCW-M) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.

Axis Banking & PSU Debt Fund (RIDCW-M) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to NIFTY Banking & PSU Debt TR INR.

Axis Banking & PSU Debt Fund (RIDCW-M) is rated as a 3 fund in Debt and delivered 5.3% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Axis Banking & PSU Debt Fund (RIDCW-M).

Frequently Asked Questions

What is Axis Banking & PSU Debt Fund (RIDCW-M)?

Axis Banking & PSU Debt Fund (RIDCW-M) is a Banking And Psu Debt scheme predominantly investing across Debt instruments with an investment objective to generate wealth over the long term.

How to invest in Axis Banking & PSU Debt Fund (RIDCW-M)?

You can invest in Axis Banking & PSU Debt Fund (RIDCW-M) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of Axis Banking & PSU Debt Fund (RIDCW-M)?

The minimum sip amount for Axis Banking & PSU Debt Fund (RIDCW-M) is ₹1000. You can invest in multiples of ₹5000.

Is Axis Banking & PSU Debt Fund (RIDCW-M) good to invest in?

As per Scripbox experts, Axis Banking & PSU Debt Fund (RIDCW-M) is a Neutral fund. You can investAxis Banking & PSU Debt Fund (RIDCW-M) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

What is the expense ratio of the Axis Banking & PSU Debt Fund (RIDCW-M)?

The expense ratio of the Axis Banking & PSU Debt Fund (RIDCW-M) is 0.63% for regular plan.