Axis Banking & PSU Debt Direct Plan-Growth

Q: What are the returns of Axis Banking & PSU Debt Fund?

The Axis Banking & PSU Debt Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 7.92% since inception. Axis Banking & PSU Debt Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 9.33% 7.11% 6.71% 7.64% 7.92%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹2691.6354+0.04% 1 day change	7.92% p.a.	#NA View Ranked Funds	4

Historical NAV & returns

NAV: ₹2691.6354 as on Apr 23, 2025

This fund Category average

Axis Banking & PSU Debt Fund overview

VRO rating	4
Expense ratio	0.35% as on Mar 31, 2025
Exit load	0% Exit load of 0.25% shall be charged if units are redeemed within 1 month from the date of allotment.!
AUM (Fund size)	₹12,961 Crs
Lock-in	No Lockin
Age	12 yrs 3 m since Jan 01, 2013
Benchmark	Nifty Banking & PSU Debt Index A-II
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Axis Banking & PSU Debt Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

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. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 24, 2025

Period	This fund	Category average
1 month	1.8%	1.95%
3 months	3.18%	3.3%
6 months	4.96%	5.0%
1 year	9.33%	9.71%
3 years	7.11%	7.4%
5 years	6.71%	6.87%
7 years	7.49%	7.49%
10 years	7.64%	7.58%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 74.39912764%

SOV 14.30217427%

A1+ 7.94996915%

Cash & Call Money 3.05758462%

Top Debt Holdings

GOI 11.43%

National Bank For Agriculture & Rural Development 6.29%

Power Finance Corporation Ltd. 6.17%

REC Ltd. 5.51%

Allocation by Instruments

Debenture 38.244427359999996%

Bonds 19.32715148%

GOI Securities 11.41159477%

Non Convertible Debenture 8.25337863%

Other Holdings

Others 0.3%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Axis Banking & PSU Debt Fund	N.A.	₹12,961 Crs	12 yrs 3 m	0.35%
ICICI Prudential Banking & PSU Debt Fund	N.A.	₹10,368 Crs	12 yrs 3 m	0.39%
LIC MF Banking & PSU Fund	N.A.	₹1,702 Crs	12 yrs 3 m	0.28%
Bandhan Banking & PSU Debt Fund	N.A.	₹13,397 Crs	12 yrs 1 m	0.33%
Aditya Birla Sun Life Banking & PSU Debt Fund	N.A.	₹8,588 Crs	12 yrs 3 m	0.39%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Banking & PSU Debt Fund	1.8%	4.96%	9.33%	7.11%	6.71%	7.64%
ICICI Prudential Banking & PSU Debt Fund	1.79%	5.06%	9.56%	7.84%	7.41%	7.99%
LIC MF Banking & PSU Fund	2.2%	5.23%	10.05%	7.4%	6.55%	7.37%
Bandhan Banking & PSU Debt Fund	1.57%	4.76%	9.26%	7.12%	6.87%	7.6%
Aditya Birla Sun Life Banking & PSU Debt Fund	2.0%	5.08%	9.89%	7.45%	7.1%	7.96%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Banking & PSU Debt Fund	0.95	1.84	0.38	0.54
ICICI Prudential Banking & PSU Debt Fund	0.84	1.39	1.24	1.59
LIC MF Banking & PSU Fund	1.16	2.26	0.46	0.69
Bandhan Banking & PSU Debt Fund	0.96	2.06	0.38	0.47
Aditya Birla Sun Life Banking & PSU Debt Fund	1.04	2.09	0.55	0.7

View all Banking And Psu funds

Key risk & return ratios Compared to other funds in the category

Alpha	4.19 vs. 3.97 Higher outperformance against benchmark
Sharpe	0.38 vs. 3.21 Poor risk-adjusted returns
Beta	1.84 vs. 1.44 More sensitive to market's ups & downs
Standard deviation	0.95 vs. 1.25 More stable returns

Compare Axis Banking & PSU Debt Fund in detail with

About this fund

About Axis Banking & PSU Debt Fund

Axis Banking & PSU Debt Direct Plan-Growth is a Banking and PSU mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 12 yrs 3 m, having been launched on 01/01/2013. Axis Banking & PSU Debt Direct Plan-Growth has ₹12,961 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis Banking & PSU Debt Direct Plan-Growth as of 23/04/2025 is ₹2691.64. The fund has an expense ratio of 0.35%, which is close to what most other Banking And Psu funds charge.

Axis Banking & PSU Debt Direct Plan-Growth returns of last 1-year are 9.34%. Since launch, it has delivered 7.92% average annual returns. The fund has doubled the money invested in it every 10 yrs.
Axis Banking & PSU Debt Direct Plan-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in GOI, National Bank For Agriculture & Rural Development, Power Finance Corporation Ltd., REC Ltd., Small Industries Devp. Bank of India Ltd..

...

Fund AUM	₹12,961 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Aditya Pagaria

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. Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.

Hardik Shah

Mr. Shah has done B.E. Information Technology and MBA Finance. Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.

Investment objective

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.

Axis Mutual Fund details

No. of schemes	68 view all schemes
Total AUM	₹3,22,861 Crs as on Mar 31, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

More funds from Axis Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Axis Gilt Fund	N.A.	₹868 Crs	13.49%	8.86%
Axis Floater Fund	N.A.	₹166 Crs	12.77%	8.66%
Axis Strategic Bond Fund	N.A.	₹1,899 Crs	10.81%	8.37%
Axis Long Duration Fund	N.A.	₹392 Crs	13.7%	N.A.
Axis Dynamic Bond Fund	N.A.	₹1,355 Crs	11.45%	8.05%
Axis Credit Risk Fund	N.A.	₹360 Crs	9.86%	7.94%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Axis Banking & PSU Debt Fund?

The current Net Asset Value (NAV) of the Axis Banking & PSU Debt Fund - Direct Growth plan is approximately ₹2691.6354 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Axis Banking & PSU Debt Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 7.92% since inception.

Axis Banking & PSU Debt Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
9.33%	7.11%	6.71%	7.64%	7.92%

How much does this mutual fund charge as expense ratio?

The Axis Banking & PSU Debt Fund - Direct Growth has an expense ratio of 0.35%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Axis Banking & PSU Debt Fund currently has assets under management (AUM) or fund size valued at approximately ₹12,961 Crs crore as of Mar 31, 2025.

To whom does Axis Banking & PSU Debt Fund lend to?

The top 3 debt holdings of Axis Banking & PSU Debt Fund are as follows

Holding Name	Percentage of Portfolio
GOI	11.43%
National Bank For Agriculture & Rural Development	6.29%
Power Finance Corporation Ltd.	6.17%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Axis Banking & PSU Debt Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	74.39912764%
SOV	14.30217427%
A1+	7.94996915%

What is risk level of Axis Banking & PSU Debt Fund?

This is a Banking And Psu fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Axis Banking & PSU Debt Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Axis Banking & PSU Debt Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Axis Banking & PSU Debt Fund is complete.

How can I redeem my investments in Axis Banking & PSU Debt Fund?

Redeeming your investments in Axis Banking & PSU Debt Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Axis Banking & PSU Debt Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Banking and PSU

#NA

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Banking and PSU funds in the last 10 Years.
Chance: This fund has generated a 7.31% annual return in 70% of times for investors holding for at least 5 years.
Age: This is the 3rd oldest Banking and PSU fund.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.