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  • Axis Mutual Fund
  • Axis Banking & PSU Debt Fund (Growth)

Formerly Axis Banking Debt Fund Gr

Axis Mutual Fund

Axis Banking & PSU Debt Fund (Growth)

DebtBanking And Psu

Top Ranked

2213.503

NAV (Feb 01)

5.4%
3 Year CAGR
Scripbox Opinion
Top Ranked
These are the top-ranked funds within banking and psu mutual funds.

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.

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

Scripbox Recommended Debt Funds
Want the Debt funds that are right for your short term investment needs?Learn more

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

2213.503

NAV (Feb 1)

Fund Returns

Last 1Y

3.9%

Last 3Y

5.4%

Last 5Y

6.9%

Last 10Y

7.6%

Since Inception

7.7%

6 Month CAGR

2.4%

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 (11y ago)

Jun 08, 2012

AUM in Crores

13896.376

ISIN

INF846K01CB0

Lock-in

No Lock-in

Benchmark

NIFTY Banking & PSU Debt TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Standard Deviation (3yr)

1.5

Standard Deviation (5yr)

1.8

Beta (3yr)

0

Beta (5yr)

0

Sharpe Ratio (3yr)

0.824

Sharpe Ratio (5yr)

1.017

YTM

7.44

Fund Managers

Aditya Pagaria

Fund Manager

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Axis Banking & PSU Debt Fund (Growth)70%865,512 132,9006.9%
EPF70% 900,761 168,1498.50%
Property70% 867,662 135,0507.00%
PPF70% 869,819 137,2077.10%
Bank FD70% 846,471 113,8596.00%
Gold70% 846,471 113,8596.00%
Savings Bank70% 825,950 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 2023-02-01

Top Debt Holdings

power finance corporation ltd.

8.5%
8.5%

rec ltd. 7.56%

7.2%
7.2%

export import bank of india

6.4%
6.4%

bajaj finance limited

6%
6%

small industries development bank of india

5.2%
5.2%
See all holdings

Compare Axis Banking & PSU Debt Fund (Growth)

Fund NameFund SizeRolling Returns
ICICI Prudential Liquid Fund (G)
ICICI Prudential Liquid Fund (G)

₹ 52,076 cr

₹ 15,112 cr

₹ 16,307 cr

₹ 13,853 cr

₹ 52,076 cr

About the AMC

Axis Asset Management Company Limited

Axis Asset Management Company Limited manages assets worth 249,932 crores and was set up on 13 January 2009. It's current offering of mutual fund schemes includes 30 equity,107 debt and 32 hybrid funds.

amc-img

  • 022-43255161
  • customerservice@axismf.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    6%

    7.9%

    4.2%

    7%

    5.6%

    7.5%

    5.9%

    7%

    6.3%

    8%

    Axis Banking & PSU Debt Fund (G) Review

    Axis Banking & PSU Debt Fund (G) is a Banking And Psu Debt fund and has delivered an annualised return of 7.7% over a period of 10 years. The fund was previously known as Axis Banking Debt Fund Gr. The fund is managed by Axis Asset Management Company Limited. The fund manager’s name is Aditya Pagaria.

    Nav of Axis Banking & PSU Debt Fund (G) as of 2/1/2023 is ₹2213.50 with the total AUM as of 2/2/2023 is ₹13896.376. With Scripbox you can compare and check the latest nav for all mutual funds in India. Axis Banking & PSU Debt Fund (G) 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 (G) 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 (G) 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 (G) is rated as a 4 fund in Debt and delivered 3.9% 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 (G).

    Frequently Asked Questions

    What is Axis Banking & PSU Debt Fund (G)?

    Axis Banking & PSU Debt Fund (G) 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 (G)?

    You can invest in Axis Banking & PSU Debt Fund (G) 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 (G)?

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

    Is Axis Banking & PSU Debt Fund (G) good to invest in?

    As per Scripbox experts, Axis Banking & PSU Debt Fund (G) is a Top Ranked fund. You can investAxis Banking & PSU Debt Fund (G) 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 (G)?

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