Debt
Direct
Banking & Psu
NAV as on 05-09-2024
₹ 2536.8
Inception Returns
7.8%
/yr
Axis Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Hardik Shah, Aditya Pagaria. This fund is suitable to keep your money safe.
Axis Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.43%, 5.72% and 6.47% respectively.
Axis Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, Export Import Bank Of India, Rural Electrification Corporation Limited, Small Industries Development Bank Of India, National Bank For Agriculture And Rural Development
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
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.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Banking & PSU Debt Fund Direct Growth has no lock in period.
Expense ratio | 0.35% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹13661 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 68.2% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Corporate, Government
Axis Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.6% | 0.6% |
6 Month Returns | 3.98% | 3.98% |
1 Year Returns | 7.43% | 7.43% |
3 Years Returns | 18.15% | 5.72% |
5 Years Returns | 36.81% | 6.47% |
AAA | 100 |