Axis Banking & PSU Debt Fund-Reg(G)
View the direct plan of this scheme
Rs 2268.0534 0.0677(0.003 %) NAV as on 26 May 2023
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 26 May 2023)
| 1 week returns | 3 month returns | 6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
|---|---|---|---|---|---|---|---|
| Scheme | 0.13 % | 2.47 % | 3.55 % | 6.00 % | 5.03 % | 7.15 % | N/A | >
Portfolio
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.
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.
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.
