July 30, 2026
mayank
Axis Banking & PSU Debt Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 2,890.35 |
| Daily NAV IDCW (Rs.) | 1,039.13 |
| Monthly NAV IDCW (Rs.) | 1,033.01 |
| Weekly NAV IDCW (Rs.) | 1,038.40 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 1,000 |
| Min. No of Cheques | 6 |
| Benchmark | Nifty Banking & PSU Debt Index A-II |
| AUM Rs. | 12,270 Cr |
| (As on 30-Jun-2026) | |
| Expense | 0.29% |
| 1 Year Return (%) | 5.42 |
| 3 Year Return (%) | 7.20 |
| 5 Year Return (%) | 6.24 |
| 10 Year Return (%) | 7.26 |
| Return Since Launch | 7.72% |
Suitable For Which Investors?
Banking and PSU funds are suitable for:
1. Debt allocation in your long-term portfolio
2. Earning marginally higher returns than fixed deposits, with low-to-moderate volatility and flexibility to redeem anytime
3. Investment horizon of 2-3 years
Note:
• Unlike FD, there is no guarantee of returns
• Not suitable for long-term wealth creation
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 | 7.72% |
| Benchmark | Nifty Banking & PSU Debt Index A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | 12,270 Cr |
| (As on 30-Jun-2026) | |
| Expense | 0.29% |
| (As on 30-Jun-2026) | |
| Risk Grade | Below Average |
| Return Grade | Average |
Axis Banking & PSU Debt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Banking & PSU Debt Dir | 3.25 | 0.00 | 0.40 | 2.14 | 3.36 | 5.42 | 7.20 | 6.24 | 6.79 | 7.26 |
| Debt: Banking and PSU | 3.19 | -0.01 | 0.38 | 2.15 | 3.30 | 5.31 | 7.29 | 6.37 | 6.87 | 7.22 |
| Rank within category | 8 | 6 | 5 | 13 | 6 | 6 | 13 | 12 | 11 | 9 |
| Number of funds in category | 20 | 20 | 20 | 20 | 20 | 20 | 19 | 18 | 16 | 13 |
Peer Comparison of Axis Banking & PSU Debt Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Axis Banking & PSU Debt Dir | 3 out of 5 stars | 5.42 | 7.20 | 6.24 | 0.29 | 12,270 | 7.72 | — | 13Y 6M |
| Bandhan Banking and PSU Dir | 4 out of 5 stars | 5.81 | 7.27 | 6.29 | 0.30 | 12,172 | 7.70 | — | 13Y 4M |
| ICICI Pru Banking & PSU Debt Dir | 4 out of 5 stars | 5.74 | 7.51 | 6.83 | 0.33 | 8,823 | 8.06 | — | 13Y 6M |
| UTI Banking & PSU Dir | 5 out of 5 stars | 5.81 | 7.38 | 7.65 | 0.18 | 1,101 | 7.19 | — | 12Y 5M |
| Franklin India Banking & PSU Debt Dir | 5 out of 5 stars | 6.30 | 7.59 | 6.50 | 0.18 | 584 | 7.81 | — | 12Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 165 | 77 |
| Macaulay Duration (yrs) | 2.48 | 2.65 |
| Average Maturity (yrs) | 2.95 | 3.65 |
| Yield to Maturity (%) | 7.11 | 7.06 |
| Avg Credit Rating | AAA | — |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
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