Axis Banking & PSU Debt Fund-Reg(G)

View the direct plan of this scheme

Rs 2420.1142   0.4054(0.017 %) NAV as on 14 Jun 2024
Prime Rating: 3 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 13,660.32
Fund category:
Banking and PSU Fund
Fund manager(s):
Aditya Pagaria, Hardik Shah
Benchmark:
NIFTY Banking and PSU Debt Index
Minimum investment:
₹ 5000
Launch date:
08 Jun 2012
Min. additional investment:
₹ 1000
Expense ratio:
0.63 %
Exit load:
N/A

Scheme 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.


Performance (As on 14 Jun 2024)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.18 % 1.74 %3.67 % 6.48 % 5.10 %6.40 % 7.63 %

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
7.18% Government of India (14/08/2033)
Government Securities
6.72%
Sov
7.1% Export Import Bank of India (18/03/2026) **
Corporate Debt
6.54%
CRISIL AAA
7.56% REC Limited (30/06/2026) **
Corporate Debt
5.47%
CRISIL AAA
7.4% Indian Railway Finance Corporation Limited (18/04/2026) **
Corporate Debt
5.22%
CRISIL AAA
7.11% Small Industries Dev Bank of India (27/02/2026)
Corporate Debt
5.18%
ICRA AAA
7.9% Bajaj Finance Limited (17/11/2025)
Corporate Debt
4.47%
CRISIL AAA
7.7% HDFC Bank Limited (18/11/2025)
Corporate Debt
3.72%
CRISIL AAA
7.58% National Bank For Agriculture and Rural Development (31/07/2026)
Corporate Debt
3.35%
CRISIL AAA
Net Receivables / (Payables)
Cash & Cash Equivalents and Net Assets
3.24%
Cash
5.83% State Bank of India (25/10/2030) **
Corporate Debt
2.66%
CRISIL AAA

About this category

Banking and PSU debt funds invest in instruments issued by banks, such as bonds and certificate of deposits and debt papers of PSU companies. These funds make returns from the interest accrued on papers as well as price appreciation on the PSU bonds during downward rate cycles. Average maturities for these funds change based on interest rate cycles. These funds typically carry low credit risk as they restrict themselves to PSU companies and banks.

Suitability

These funds suit any investor with investment horizons above 3 years. Some funds may be riskier than others, so a check on portfolio will be prudent.

Taxation

For investments made before April 1st, 2023

Short-term: Holding period is less than 36 months.

Taxation: Capital gains are taxed at individuals slab rate


Long-term: Holding period is 36 months or more.

Taxation: Capital gains are taxed at 20% with indexation benefit.

For investments made on and after April 1st, 2023

All capital gains are treated as short-term capital gains irrespective of holding period and will be taxed at individuals slab rate.

How are mutual fundstaxed

How are mutual funds taxed?

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