April 1, 2025
mayank
Axis Banking & PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 2,657.6768
Weekly NAV IDCW: Rs 1,043.5929
NAV IDCW Monthly: Rs 1,037.5546
Suitable For Which Investors?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate stable returns by investing predominantly in debt and money market instruments issued by banks, Public Sector Units & Public Financial Institutions.
Fund Manager:
1) Aditya Pagaria
Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.
Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager – Fixed Income Operations.
2) Hardik Shah
Education: Mr. Shah has done B.E. Information Technology and MBA Finance.
Experience: Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Axis Banking & PSU Debt Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.85% |
| Benchmark | Nifty Banking & PSU Debt Index A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 12,988 Cr |
| (As on 28-Feb-2025) | |
| Expense | 0.35% |
| (As on 28-Feb-2025) | |
| Risk Grade | Below Average |
| Return Grade | Average |
Trailing Returns (%) of Axis Banking & PSU Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Banking & PSU Debt Dir | 2.38 | 0.05 | 1.27 | 2.38 | 4.07 | 8.31 | 6.71 | 6.48 | 7.32 | 7.54 |
| CCIL T Bill Liquidity Weight | 1.29 | 0.08 | 0.44 | 1.29 | 2.32 | 4.85 | 4.16 | 3.42 | 3.65 | 3.91 |
| Debt: Banking and PSU | 2.33 | 0.05 | 1.32 | 2.33 | 3.97 | 8.40 | 6.81 | 6.61 | 7.25 | 7.54 |
| Rank within category | 7 | 5 | 14 | 7 | 5 | 16 | 12 | 10 | 9 | 7 |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 16 | 15 | 12 |
Peer Comparison of Axis Banking & PSU Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Banking & PSU Debt Dir | 2.38 | 0.05 | 1.27 | 2.38 | 4.07 | 8.31 | 6.71 | 6.48 | 7.32 | 7.54 |
| CCIL T Bill Liquidity Weight | 1.29 | 0.08 | 0.44 | 1.29 | 2.32 | 4.85 | 4.16 | 3.42 | 3.65 | 3.91 |
| Debt: Banking and PSU | 2.33 | 0.05 | 1.32 | 2.33 | 3.97 | 8.40 | 6.81 | 6.61 | 7.25 | 7.54 |
| Rank within category | 7 | 5 | 14 | 7 | 5 | 16 | 12 | 10 | 9 | 7 |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 16 | 15 | 12 |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 120 | 59 |
| Macaulay Duration (yrs) | 2.98 | 3.37 |
| Average Maturity (yrs) | 3.67 | 4.43 |
| Yield to Maturity (%) | 7.34 | 7.36 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Axis Banking & PSU Debt Fund
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