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Fund Overview

Fund Size

Fund Size

₹12,912 Cr

Expense Ratio

Expense Ratio

0.35%

ISIN

ISIN

INF846K01CR6

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Jan 2013

About this fund

Axis Banking & PSU Debt Fund Direct Growth is a Banking & PSU mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 12 years, 2 months and 27 days, having been launched on 01-Jan-13.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹2651.89, Assets Under Management (AUM) of 12911.64 Crores, and an expense ratio of 0.35%.
  • Axis Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.84% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 92.75% in debts, and 6.95% in cash & cash equivalents.
  • You can start investing in Axis Banking & PSU Debt Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+8.27%

+7.11% (Cat Avg.)

3 Years

+6.67%

+6.15% (Cat Avg.)

5 Years

+6.48%

+6.66% (Cat Avg.)

10 Years

+7.56%

+6.30% (Cat Avg.)

Since Inception

+7.84%

(Cat Avg.)

Portfolio Summaryas of 15th March 2025

Debt11,975.19 Cr92.75%
Others936.44 Cr7.25%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Export Import Bank Of IndiaBond - Corporate Bond869.31 Cr6.73%
7.1% Govt Stock 2034Bond - Gov't/Treasury644.65 Cr4.99%
Indian Railway Finance Corporation LimitedBond - Corporate Bond639.12 Cr4.95%
7.18% Govt Stock 2033Bond - Gov't/Treasury590.67 Cr4.57%
Net Receivables / (Payables)Cash - Collateral495.88 Cr3.84%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond487.26 Cr3.77%
HDFC Bank LimitedBond - Corporate Bond441.7 Cr3.42%
National Housing BankBond - Corporate Bond423.38 Cr3.28%
National Housing BankBond - Corporate Bond376.4 Cr2.92%
Small Industries Development Bank Of IndiaBond - Corporate Bond362.85 Cr2.81%
Rural Electrification Corporation LimitedBond - Corporate Bond325.38 Cr2.52%
Rural Electrification Corporation LimitedBond - Corporate Bond324.23 Cr2.51%
Clearing Corporation Of India LtdCash - Repurchase Agreement322.38 Cr2.50%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond271.57 Cr2.10%
Power Finance Corporation Ltd.Bond - Corporate Bond249.79 Cr1.93%
Indian BankBond - Corporate Bond211.43 Cr1.64%
7.32% Govt Stock 2030Bond - Gov't/Treasury211.23 Cr1.64%
Small Industries Development Bank Of IndiaBond - Corporate Bond207.51 Cr1.61%
Indian Railway Finance Corporation LimitedBond - Corporate Bond202.11 Cr1.57%
6.79% Government Of India (07/10/2034)Bond - Gov't/Treasury201.31 Cr1.56%
Small Industries Development Bank Of IndiaBond - Corporate Bond199.46 Cr1.54%
Small Industries Development Bank Of IndiaBond - Corporate Bond198.9 Cr1.54%
Power Finance Corporation LimitedBond - Corporate Bond198.47 Cr1.54%
State Bank Of IndiaBond - Corporate Bond173.12 Cr1.34%
Small Industries Development Bank Of IndiaBond - Corporate Bond164.66 Cr1.28%
Hdb Financial Services LimitedBond - Corporate Bond154.8 Cr1.20%
HDFC Bank LimitedBond - Corporate Bond150.73 Cr1.17%
State Bank Of IndiaBond - Corporate Bond150.64 Cr1.17%
Power Finance Corporation Ltd.Bond - Corporate Bond150.19 Cr1.16%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond149.6 Cr1.16%
Power Finance Corporation Ltd.Bond - Corporate Bond139.73 Cr1.08%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond139.42 Cr1.08%
Tata Capital Housing Finance LimitedBond - Corporate Bond115.14 Cr0.89%
Mahindra & Mahindra Financial Services LtdBond - Corporate Bond100.87 Cr0.78%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond100.36 Cr0.78%
National Housing BankBond - Corporate Bond100.1 Cr0.78%
Rec Limited 7.34%Bond - Corporate Bond99.59 Cr0.77%
Small Industries Development Bank Of IndiaBond - Corporate Bond75.87 Cr0.59%
Bajaj Finance Ltd. 7.93%Bond - Corporate Bond75.84 Cr0.59%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond75.27 Cr0.58%
Bajaj Housing Finance LimitedBond - Corporate Bond75.21 Cr0.58%
Rural Electrification Corporation LimitedBond - Corporate Bond75.18 Cr0.58%
Maharashtra (Government of) 7.18%Bond - Sub-sovereign Government Debt75.06 Cr0.58%
Power Finance Corporation Ltd.Bond - Corporate Bond75 Cr0.58%
Nexus Select Trust 7.672679%Bond - Corporate Bond74.91 Cr0.58%
Power Finance Corporation Ltd.Bond - Corporate Bond74.89 Cr0.58%
Rural Electrification Corporation LimitedBond - Corporate Bond74.77 Cr0.58%
National Housing BankBond - Corporate Bond70.28 Cr0.54%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond69.72 Cr0.54%
State Government Securities (27/02/2038)Bond - Gov't/Treasury68.04 Cr0.53%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond59.99 Cr0.46%
7.26% Govt Stock 2033Bond - Gov't/Treasury56.68 Cr0.44%
Rec LimitedBond - Corporate Bond55.05 Cr0.43%
Tata Capital Housing Finance LimitedBond - Corporate Bond50.28 Cr0.39%
Export-Import Bank Of IndiaBond - Corporate Bond50.22 Cr0.39%
REC Ltd. 7.71%Bond - Corporate Bond50.18 Cr0.39%
Export-Import Bank Of IndiaBond - Corporate Bond50.1 Cr0.39%
Small Industries Development Bank Of IndiaBond - Corporate Bond50.02 Cr0.39%
Indian Railway Finance Corporation LimitedBond - Corporate Bond49.88 Cr0.39%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond49.86 Cr0.39%
Bajaj Housing Finance LimitedBond - Corporate Bond49.65 Cr0.38%
HDFC Bank LimitedBond - Corporate Bond49.54 Cr0.38%
Union Bank Of IndiaCash - CD/Time Deposit49.38 Cr0.38%
National Bank for Agriculture and Rural Development 7.68%Bond - Gov't Agency Debt45.26 Cr0.35%
National Housing BankBond - Corporate Bond44.86 Cr0.35%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2Mutual Fund - Open End38.82 Cr0.30%
7.18% Govt Stock 2037Bond - Gov't/Treasury30.82 Cr0.24%
Hdb Financial Services LimitedBond - Corporate Bond30.21 Cr0.23%
Rural Electrification Corporation LimitedBond - Corporate Bond29.91 Cr0.23%
Small Industries Development Bank Of IndiaBond - Corporate Bond29.85 Cr0.23%
7.93% Govt Stock 2033Bond - Gov't/Treasury25.72 Cr0.20%
HDFC Bank LimitedBond - Corporate Bond25.46 Cr0.20%
08.18 HR UDAY 2026Bond - Gov't Agency Debt25.37 Cr0.20%
HDFC Bank LimitedBond - Corporate Bond25.36 Cr0.20%
Indigrid Infrastructure Trust 7.88%Bond - Corporate Bond25.2 Cr0.20%
HDB Financial Services Ltd. 8.3324%Bond - Corporate Bond25.16 Cr0.19%
Power Finance Corp Ltd. 7.6%Bond - Corporate Bond25.13 Cr0.19%
Rural Electrification Corporation LimitedBond - Corporate Bond25.12 Cr0.19%
Power Finance Corporation LimitedBond - Corporate Bond25.07 Cr0.19%
Power Finance Corporation Ltd.Bond - Corporate Bond25.03 Cr0.19%
Nuclear Power Corporation Of India LimitedBond - Corporate Bond25 Cr0.19%
HDB Financial Services Ltd. 8.04%Bond - Corporate Bond24.99 Cr0.19%
Small Industries Development Bank Of IndiaBond - Corporate Bond24.99 Cr0.19%
7.72% Nexus Select Trust - ReitBond - Corporate Bond24.98 Cr0.19%
Rural Electrification Corporation LimitedBond - Corporate Bond24.96 Cr0.19%
Power Finance Corporation LimitedBond - Corporate Bond24.82 Cr0.19%
Canara BankCash - CD/Time Deposit24.13 Cr0.19%
Bajaj Housing Finance LimitedBond - Corporate Bond20.16 Cr0.16%
Nuclear Power Corporation Of India LimitedBond - Corporate Bond16.4 Cr0.13%
Sundaram Bnp Paribas Home Finance LimitedBond - Corporate Bond15.04 Cr0.12%
Export Import Bank Of IndiaBond - Corporate Bond15.03 Cr0.12%
6.79% Govt Stock 2031Bond - Gov't/Treasury12.35 Cr0.10%
7.59% Govt Stock 2026Bond - Gov't/Treasury10.08 Cr0.08%
Bajaj Finance LimitedBond - Corporate Bond10.05 Cr0.08%
HDFC Bank LimitedBond - Corporate Bond10.04 Cr0.08%
Small Industries Development Bank Of IndiaBond - Corporate Bond10.04 Cr0.08%
LIC Housing Finance LimitedBond - Corporate Bond10.04 Cr0.08%
Tata Capital Housing Finance LimitedBond - Corporate Bond10.03 Cr0.08%
Kotak Mahindra Prime LimitedBond - Corporate Bond9.99 Cr0.08%
Bajaj Finance LimitedBond - Corporate Bond9.99 Cr0.08%
Power Finance Corporation LimitedBond - Corporate Bond9.99 Cr0.08%
Power Finance Corporation LimitedBond - Corporate Bond9.95 Cr0.08%
Ntpc LimitedBond - Corporate Bond7.53 Cr0.06%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond5.99 Cr0.05%
08.53 Tn SDL 2026Bond - Gov't/Treasury5.09 Cr0.04%
08.04 CG Sdl 2026Bond - Gov't/Treasury5.07 Cr0.04%
08.22 Tn SDL 2025decBond - Gov't/Treasury5.05 Cr0.04%
Small Industries Development Bank Of IndiaBond - Corporate Bond5.02 Cr0.04%
Axis Finance Ltd. 8.3%Bond - Corporate Bond5 Cr0.04%
5.74% Govt Stock 2026Bond - Gov't/Treasury4.94 Cr0.04%
Rec LimitedBond - Corporate Bond4.92 Cr0.04%
5.79% Govt Stock 2030Bond - Gov't/Treasury4.81 Cr0.04%
Power Finance Corporation Ltd.Bond - Corporate Bond4.48 Cr0.03%
Bajaj Finance LimitedBond - Corporate Bond3.49 Cr0.03%
6.92% Govt Stock 2039Bond - Gov't/Treasury3.48 Cr0.03%
5.63% Govt Stock 2026Bond - Gov't/Treasury3.47 Cr0.03%
05.90 Ts SDL 2025Bond - Gov't/Treasury3.34 Cr0.03%
LIC Housing Finance LimitedBond - Corporate Bond2.51 Cr0.02%
Small Industries Development Bank Of IndiaBond - Corporate Bond2.49 Cr0.02%
08.72 Tn SDL 2026Bond - Gov't/Treasury1.54 Cr0.01%
Power Finance Corporation Ltd.Bond - Corporate Bond1.09 Cr0.01%
Mahindra & Mahindra Financial Services Ltd. 8.25%Bond - Corporate Bond1.01 Cr0.01%
Bharat Petroleum Corporation LimitedBond - Corporate Bond1 Cr0.01%
Kotak Mahindra Investments LimitedBond - Corporate Bond0.84 Cr0.01%
Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (29/01/2030) (Fv 750Interest Rate Swap-0.37 Cr0.00%
Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (05/03/2030) (Fv 100Interest Rate Swap-0.2 Cr0.00%
Interest Rate Swaps Pay Fix Receive Floating -Icici Bank (11/03/2027) (Fv 1Interest Rate Swap-0.12 Cr0.00%
Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (08/03/2027) (Fv 500Interest Rate Swap-0.05 Cr0.00%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond9,947.78 Cr77.05%
Bond - Gov't/Treasury1,888.33 Cr14.63%
Cash - Collateral495.88 Cr3.84%
Cash - Repurchase Agreement322.38 Cr2.50%
Bond - Sub-sovereign Government Debt75.06 Cr0.58%
Cash - CD/Time Deposit73.51 Cr0.57%
Bond - Gov't Agency Debt70.62 Cr0.55%
Mutual Fund - Open End38.82 Cr0.30%
Interest Rate Swap-0.75 Cr0.01%

Risk & Performance Ratios

Standard Deviation

This fund

0.85%

Cat. avg.

1.47%

Lower the better

Sharpe Ratio

This fund

-0.11

Cat. avg.

-0.40

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

-0.33

Higher the better

Fund Managers

AP

Aditya Pagaria

Since August 2016

Hardik Shah

Hardik Shah

Since July 2023

Additional Scheme Detailsas of 15th March 2025

ISIN
INF846K01CR6
Expense Ratio
0.35%
Exit Load
No Charges
Fund Size
₹12,912 Cr
Age
12 years 2 months
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
NIFTY Banking & PSU Debt TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Banking & PSU Funds

Fund nameExpense RatioExit LoadFund size
1Y
Bandhan Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹13421.37 Cr8.2%
Bandhan Banking & PSU Debt Fund Regular Growth

Moderate Risk

0.6%0.0%₹13421.37 Cr7.9%
Franklin India Banking & PSU Debt Fund Regular Growth

Moderate Risk

0.5%0.0%₹581.17 Cr7.8%
Franklin India Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.2%0.0%₹581.17 Cr8.1%
PGIM India Banking and PSU Debt fund Direct Growth

Moderate Risk

0.2%0.0%₹45.38 Cr6.8%
PGIM India Banking and PSU Debt fund Regular Growth

Moderate Risk

0.4%0.0%₹45.38 Cr6.6%
Canara Robeco Banking and PSU Debt Fund Regular Growth

Low to Moderate Risk

0.7%0.0%₹230.09 Cr7.6%
Canara Robeco Banking and PSU Debt Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹230.09 Cr8.0%
Tata Banking & PSU Debt Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹207.53 Cr7.0%
Tata Banking & PSU Debt Fund Regular Growth

Low to Moderate Risk

0.7%0.0%₹207.53 Cr6.5%

About the AMC

Axis Mutual Fund

Axis Mutual Fund

Total AUM

₹3,16,417 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth

Moderate Risk

-0.0%--
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹60.15 Cr7.3%
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.5%1.0%₹4926.22 Cr10.5%
Axis Fixed Term Plan Series 118 100 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 113 1228 Days Direct Growth

Low to Moderate Risk

-0.0%₹92.41 Cr7.8%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 105 1128 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 112 1143 Days Direct Growth

Low to Moderate Risk

-0.0%₹76.51 Cr7.6%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹75.74 Cr8.2%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹12911.64 Cr8.3%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

0.9%1.0%₹862.06 Cr12.0%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹398.51 Cr9.7%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹11115.75 Cr11.5%
Axis Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹16587.21 Cr7.9%
Axis Equity Hybrid Fund Direct Growth

Very High Risk

1.1%1.0%₹1440.65 Cr12.4%
Axis Special Situations Fund Direct Growth

Very High Risk

1.3%1.0%₹1071.19 Cr9.7%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹5968.70 Cr8.9%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹1163.13 Cr6.5%
Axis Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹5780.54 Cr7.8%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.5%1.0%₹402.66 Cr19.4%
Axis Value Fund Direct Growth

Very High Risk

0.9%1.0%₹742.48 Cr14.9%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderate Risk

0.2%0.0%₹148.37 Cr9.1%
Axis Gilt Fund Direct Growth

Moderate Risk

0.4%0.0%₹918.09 Cr10.2%
Axis Bluechip Fund Direct Growth

Very High Risk

0.7%1.0%₹30517.08 Cr7.1%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1334.23 Cr8.9%
Axis Gold Fund Direct Growth

High Risk

0.2%1.0%₹869.00 Cr31.2%
Axis Focused 25 Fund Direct Growth

Very High Risk

0.8%1.0%₹11556.73 Cr6.6%
Axis Regular Saver Fund Direct Growth

Very High Risk

0.9%1.0%₹267.48 Cr9.7%
Axis Strategic Bond Fund Direct Growth

Moderately High risk

0.6%1.0%₹1934.39 Cr9.4%
Axis Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹32174.34 Cr8.5%
Axis Short Term Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹8922.62 Cr8.8%
Axis Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹44666.25 Cr7.4%
Axis Multi Asset Allocation Fund Direct Growth

Very High Risk

1.1%1.0%₹1270.15 Cr13.4%
Axis Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹26087.92 Cr13.7%
Axis Treasury Advantage Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹5947.72 Cr8.1%
Axis Equity Saver Fund Direct Growth

Moderately High risk

1.0%1.0%₹929.60 Cr8.5%
Axis Balanced Advantage Fund Direct Growth

Moderately High risk

0.8%1.0%₹2625.19 Cr13.5%
Axis Nifty Midcap 50 Index Fund Direct Growth

Low Risk

0.3%0.0%₹371.77 Cr8.4%
Axis Nifty IT Index Fund Direct Growth

Very High Risk

0.3%0.0%₹126.33 Cr10.0%
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹32.60 Cr8.3%
Axis Credit Risk Fund Direct Growth

High Risk

0.8%1.0%₹381.97 Cr9.0%
Axis Ultra Short Term Fund Direct Growth

Moderate Risk

0.4%0.0%₹5297.38 Cr7.9%
Axis Multicap Fund Direct Growth

Very High Risk

0.8%1.0%₹6347.87 Cr16.1%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹75.10 Cr8.6%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth

Low to Moderate Risk

0.1%0.0%₹278.60 Cr6.7%
Axis Silver Fund of Funds Direct Growth

Very High Risk

0.2%0.0%₹71.86 Cr32.7%
Axis Nifty Next 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹268.82 Cr6.2%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth

Low Risk

0.2%0.0%₹456.07 Cr7.5%
Axis Long Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹474.13 Cr9.9%
Axis Nifty 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹589.55 Cr7.7%

Risk Level

Your principal amount will be at Moderate Risk

Moderate Risk

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The NAV of Axis Banking & PSU Debt Fund Direct Growth, as of 27-Mar-2025, is ₹2651.89.
The fund has generated 8.27% over the last 1 year and 6.67% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 92.75% in bonds, and 6.95% in cash and cash equivalents.
The fund managers responsible for Axis Banking & PSU Debt Fund Direct Growth are:-
  1. Aditya Pagaria
  2. Hardik Shah

Fund Overview

Fund Size

Fund Size

₹12,912 Cr

Expense Ratio

Expense Ratio

0.35%

ISIN

ISIN

INF846K01CR6

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Jan 2013

Risk Level

Your principal amount will be at Moderate Risk

Moderate Risk

About this fund

Axis Banking & PSU Debt Fund Direct Growth is a Banking & PSU mutual fund schemes offered by Axis Mutual Fund. This fund has been in existence for 12 years, 2 months and 27 days, having been launched on 01-Jan-13.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹2651.89, Assets Under Management (AUM) of 12911.64 Crores, and an expense ratio of 0.35%.
  • Axis Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.84% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 92.75% in debts, and 6.95% in cash & cash equivalents.
  • You can start investing in Axis Banking & PSU Debt Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+8.27%

+7.11% (Cat Avg.)

3 Years

+6.67%

+6.15% (Cat Avg.)

5 Years

+6.48%

+6.66% (Cat Avg.)

10 Years

+7.56%

+6.30% (Cat Avg.)

Since Inception

+7.84%

(Cat Avg.)

Portfolio Summaryas of 15th March 2025

Debt11,975.19 Cr92.75%
Others936.44 Cr7.25%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Export Import Bank Of IndiaBond - Corporate Bond869.31 Cr6.73%
7.1% Govt Stock 2034Bond - Gov't/Treasury644.65 Cr4.99%
Indian Railway Finance Corporation LimitedBond - Corporate Bond639.12 Cr4.95%
7.18% Govt Stock 2033Bond - Gov't/Treasury590.67 Cr4.57%
Net Receivables / (Payables)Cash - Collateral495.88 Cr3.84%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond487.26 Cr3.77%
HDFC Bank LimitedBond - Corporate Bond441.7 Cr3.42%
National Housing BankBond - Corporate Bond423.38 Cr3.28%
National Housing BankBond - Corporate Bond376.4 Cr2.92%
Small Industries Development Bank Of IndiaBond - Corporate Bond362.85 Cr2.81%
Rural Electrification Corporation LimitedBond - Corporate Bond325.38 Cr2.52%
Rural Electrification Corporation LimitedBond - Corporate Bond324.23 Cr2.51%
Clearing Corporation Of India LtdCash - Repurchase Agreement322.38 Cr2.50%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond271.57 Cr2.10%
Power Finance Corporation Ltd.Bond - Corporate Bond249.79 Cr1.93%
Indian BankBond - Corporate Bond211.43 Cr1.64%
7.32% Govt Stock 2030Bond - Gov't/Treasury211.23 Cr1.64%
Small Industries Development Bank Of IndiaBond - Corporate Bond207.51 Cr1.61%
Indian Railway Finance Corporation LimitedBond - Corporate Bond202.11 Cr1.57%
6.79% Government Of India (07/10/2034)Bond - Gov't/Treasury201.31 Cr1.56%
Small Industries Development Bank Of IndiaBond - Corporate Bond199.46 Cr1.54%
Small Industries Development Bank Of IndiaBond - Corporate Bond198.9 Cr1.54%
Power Finance Corporation LimitedBond - Corporate Bond198.47 Cr1.54%
State Bank Of IndiaBond - Corporate Bond173.12 Cr1.34%
Small Industries Development Bank Of IndiaBond - Corporate Bond164.66 Cr1.28%
Hdb Financial Services LimitedBond - Corporate Bond154.8 Cr1.20%
HDFC Bank LimitedBond - Corporate Bond150.73 Cr1.17%
State Bank Of IndiaBond - Corporate Bond150.64 Cr1.17%
Power Finance Corporation Ltd.Bond - Corporate Bond150.19 Cr1.16%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond149.6 Cr1.16%
Power Finance Corporation Ltd.Bond - Corporate Bond139.73 Cr1.08%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond139.42 Cr1.08%
Tata Capital Housing Finance LimitedBond - Corporate Bond115.14 Cr0.89%
Mahindra & Mahindra Financial Services LtdBond - Corporate Bond100.87 Cr0.78%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond100.36 Cr0.78%
National Housing BankBond - Corporate Bond100.1 Cr0.78%
Rec Limited 7.34%Bond - Corporate Bond99.59 Cr0.77%
Small Industries Development Bank Of IndiaBond - Corporate Bond75.87 Cr0.59%
Bajaj Finance Ltd. 7.93%Bond - Corporate Bond75.84 Cr0.59%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond75.27 Cr0.58%
Bajaj Housing Finance LimitedBond - Corporate Bond75.21 Cr0.58%
Rural Electrification Corporation LimitedBond - Corporate Bond75.18 Cr0.58%
Maharashtra (Government of) 7.18%Bond - Sub-sovereign Government Debt75.06 Cr0.58%
Power Finance Corporation Ltd.Bond - Corporate Bond75 Cr0.58%
Nexus Select Trust 7.672679%Bond - Corporate Bond74.91 Cr0.58%
Power Finance Corporation Ltd.Bond - Corporate Bond74.89 Cr0.58%
Rural Electrification Corporation LimitedBond - Corporate Bond74.77 Cr0.58%
National Housing BankBond - Corporate Bond70.28 Cr0.54%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond69.72 Cr0.54%
State Government Securities (27/02/2038)Bond - Gov't/Treasury68.04 Cr0.53%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond59.99 Cr0.46%
7.26% Govt Stock 2033Bond - Gov't/Treasury56.68 Cr0.44%
Rec LimitedBond - Corporate Bond55.05 Cr0.43%
Tata Capital Housing Finance LimitedBond - Corporate Bond50.28 Cr0.39%
Export-Import Bank Of IndiaBond - Corporate Bond50.22 Cr0.39%
REC Ltd. 7.71%Bond - Corporate Bond50.18 Cr0.39%
Export-Import Bank Of IndiaBond - Corporate Bond50.1 Cr0.39%
Small Industries Development Bank Of IndiaBond - Corporate Bond50.02 Cr0.39%
Indian Railway Finance Corporation LimitedBond - Corporate Bond49.88 Cr0.39%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond49.86 Cr0.39%
Bajaj Housing Finance LimitedBond - Corporate Bond49.65 Cr0.38%
HDFC Bank LimitedBond - Corporate Bond49.54 Cr0.38%
Union Bank Of IndiaCash - CD/Time Deposit49.38 Cr0.38%
National Bank for Agriculture and Rural Development 7.68%Bond - Gov't Agency Debt45.26 Cr0.35%
National Housing BankBond - Corporate Bond44.86 Cr0.35%
SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2Mutual Fund - Open End38.82 Cr0.30%
7.18% Govt Stock 2037Bond - Gov't/Treasury30.82 Cr0.24%
Hdb Financial Services LimitedBond - Corporate Bond30.21 Cr0.23%
Rural Electrification Corporation LimitedBond - Corporate Bond29.91 Cr0.23%
Small Industries Development Bank Of IndiaBond - Corporate Bond29.85 Cr0.23%
7.93% Govt Stock 2033Bond - Gov't/Treasury25.72 Cr0.20%
HDFC Bank LimitedBond - Corporate Bond25.46 Cr0.20%
08.18 HR UDAY 2026Bond - Gov't Agency Debt25.37 Cr0.20%
HDFC Bank LimitedBond - Corporate Bond25.36 Cr0.20%
Indigrid Infrastructure Trust 7.88%Bond - Corporate Bond25.2 Cr0.20%
HDB Financial Services Ltd. 8.3324%Bond - Corporate Bond25.16 Cr0.19%
Power Finance Corp Ltd. 7.6%Bond - Corporate Bond25.13 Cr0.19%
Rural Electrification Corporation LimitedBond - Corporate Bond25.12 Cr0.19%
Power Finance Corporation LimitedBond - Corporate Bond25.07 Cr0.19%
Power Finance Corporation Ltd.Bond - Corporate Bond25.03 Cr0.19%
Nuclear Power Corporation Of India LimitedBond - Corporate Bond25 Cr0.19%
HDB Financial Services Ltd. 8.04%Bond - Corporate Bond24.99 Cr0.19%
Small Industries Development Bank Of IndiaBond - Corporate Bond24.99 Cr0.19%
7.72% Nexus Select Trust - ReitBond - Corporate Bond24.98 Cr0.19%
Rural Electrification Corporation LimitedBond - Corporate Bond24.96 Cr0.19%
Power Finance Corporation LimitedBond - Corporate Bond24.82 Cr0.19%
Canara BankCash - CD/Time Deposit24.13 Cr0.19%
Bajaj Housing Finance LimitedBond - Corporate Bond20.16 Cr0.16%
Nuclear Power Corporation Of India LimitedBond - Corporate Bond16.4 Cr0.13%
Sundaram Bnp Paribas Home Finance LimitedBond - Corporate Bond15.04 Cr0.12%
Export Import Bank Of IndiaBond - Corporate Bond15.03 Cr0.12%
6.79% Govt Stock 2031Bond - Gov't/Treasury12.35 Cr0.10%
7.59% Govt Stock 2026Bond - Gov't/Treasury10.08 Cr0.08%
Bajaj Finance LimitedBond - Corporate Bond10.05 Cr0.08%
HDFC Bank LimitedBond - Corporate Bond10.04 Cr0.08%
Small Industries Development Bank Of IndiaBond - Corporate Bond10.04 Cr0.08%
LIC Housing Finance LimitedBond - Corporate Bond10.04 Cr0.08%
Tata Capital Housing Finance LimitedBond - Corporate Bond10.03 Cr0.08%
Kotak Mahindra Prime LimitedBond - Corporate Bond9.99 Cr0.08%
Bajaj Finance LimitedBond - Corporate Bond9.99 Cr0.08%
Power Finance Corporation LimitedBond - Corporate Bond9.99 Cr0.08%
Power Finance Corporation LimitedBond - Corporate Bond9.95 Cr0.08%
Ntpc LimitedBond - Corporate Bond7.53 Cr0.06%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond5.99 Cr0.05%
08.53 Tn SDL 2026Bond - Gov't/Treasury5.09 Cr0.04%
08.04 CG Sdl 2026Bond - Gov't/Treasury5.07 Cr0.04%
08.22 Tn SDL 2025decBond - Gov't/Treasury5.05 Cr0.04%
Small Industries Development Bank Of IndiaBond - Corporate Bond5.02 Cr0.04%
Axis Finance Ltd. 8.3%Bond - Corporate Bond5 Cr0.04%
5.74% Govt Stock 2026Bond - Gov't/Treasury4.94 Cr0.04%
Rec LimitedBond - Corporate Bond4.92 Cr0.04%
5.79% Govt Stock 2030Bond - Gov't/Treasury4.81 Cr0.04%
Power Finance Corporation Ltd.Bond - Corporate Bond4.48 Cr0.03%
Bajaj Finance LimitedBond - Corporate Bond3.49 Cr0.03%
6.92% Govt Stock 2039Bond - Gov't/Treasury3.48 Cr0.03%
5.63% Govt Stock 2026Bond - Gov't/Treasury3.47 Cr0.03%
05.90 Ts SDL 2025Bond - Gov't/Treasury3.34 Cr0.03%
LIC Housing Finance LimitedBond - Corporate Bond2.51 Cr0.02%
Small Industries Development Bank Of IndiaBond - Corporate Bond2.49 Cr0.02%
08.72 Tn SDL 2026Bond - Gov't/Treasury1.54 Cr0.01%
Power Finance Corporation Ltd.Bond - Corporate Bond1.09 Cr0.01%
Mahindra & Mahindra Financial Services Ltd. 8.25%Bond - Corporate Bond1.01 Cr0.01%
Bharat Petroleum Corporation LimitedBond - Corporate Bond1 Cr0.01%
Kotak Mahindra Investments LimitedBond - Corporate Bond0.84 Cr0.01%
Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (29/01/2030) (Fv 750Interest Rate Swap-0.37 Cr0.00%
Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (05/03/2030) (Fv 100Interest Rate Swap-0.2 Cr0.00%
Interest Rate Swaps Pay Fix Receive Floating -Icici Bank (11/03/2027) (Fv 1Interest Rate Swap-0.12 Cr0.00%
Interest Rate Swaps Pay Fix Receive Floating -Icisecpd (08/03/2027) (Fv 500Interest Rate Swap-0.05 Cr0.00%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond9,947.78 Cr77.05%
Bond - Gov't/Treasury1,888.33 Cr14.63%
Cash - Collateral495.88 Cr3.84%
Cash - Repurchase Agreement322.38 Cr2.50%
Bond - Sub-sovereign Government Debt75.06 Cr0.58%
Cash - CD/Time Deposit73.51 Cr0.57%
Bond - Gov't Agency Debt70.62 Cr0.55%
Mutual Fund - Open End38.82 Cr0.30%
Interest Rate Swap-0.75 Cr0.01%

Risk & Performance Ratios

Standard Deviation

This fund

0.85%

Cat. avg.

1.47%

Lower the better

Sharpe Ratio

This fund

-0.11

Cat. avg.

-0.40

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

-0.33

Higher the better

Fund Managers

AP

Aditya Pagaria

Since August 2016

Hardik Shah

Hardik Shah

Since July 2023

Additional Scheme Detailsas of 15th March 2025

ISIN
INF846K01CR6
Expense Ratio
0.35%
Exit Load
No Charges
Fund Size
₹12,912 Cr
Age
12 years 2 months
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
NIFTY Banking & PSU Debt TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Banking & PSU Funds

Fund nameExpense RatioExit LoadFund size
1Y
Bandhan Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹13421.37 Cr8.2%
Bandhan Banking & PSU Debt Fund Regular Growth

Moderate Risk

0.6%0.0%₹13421.37 Cr7.9%
Franklin India Banking & PSU Debt Fund Regular Growth

Moderate Risk

0.5%0.0%₹581.17 Cr7.8%
Franklin India Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.2%0.0%₹581.17 Cr8.1%
PGIM India Banking and PSU Debt fund Direct Growth

Moderate Risk

0.2%0.0%₹45.38 Cr6.8%
PGIM India Banking and PSU Debt fund Regular Growth

Moderate Risk

0.4%0.0%₹45.38 Cr6.6%
Canara Robeco Banking and PSU Debt Fund Regular Growth

Low to Moderate Risk

0.7%0.0%₹230.09 Cr7.6%
Canara Robeco Banking and PSU Debt Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹230.09 Cr8.0%
Tata Banking & PSU Debt Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹207.53 Cr7.0%
Tata Banking & PSU Debt Fund Regular Growth

Low to Moderate Risk

0.7%0.0%₹207.53 Cr6.5%

About the AMC

Axis Mutual Fund

Axis Mutual Fund

Total AUM

₹3,16,417 Cr

Address

Axis House, 1st Floor, C-2, Wadia International Centre, Mumbai, 400 025

Other Funds by Axis Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Axis Fixed Term Plan Series 120 (91 Days) Direct Growth

Moderate Risk

-0.0%--
Axis US Treasury Dynamic Bond ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹60.15 Cr7.3%
Axis India Manufacturing Fund Direct Growth

Very High Risk

0.5%1.0%₹4926.22 Cr10.5%
Axis Fixed Term Plan Series 118 100 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 113 1228 Days Direct Growth

Low to Moderate Risk

-0.0%₹92.41 Cr7.8%
Axis Fixed Term Plan Series 110 1553 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 105 1128 Days Direct Growth

Moderate Risk

-0.0%--
Axis Fixed Term Plan Series 112 1143 Days Direct Growth

Low to Moderate Risk

-0.0%₹76.51 Cr7.6%
Axis Nifty SDL September 2026 Debt Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹75.74 Cr8.2%
Axis Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹12911.64 Cr8.3%
Axis Global Equity Alpha Fund of Fund Direct Growth

Very High Risk

0.9%1.0%₹862.06 Cr12.0%
Axis Nifty Smallcap 50 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹398.51 Cr9.7%
Axis Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹11115.75 Cr11.5%
Axis Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹16587.21 Cr7.9%
Axis Equity Hybrid Fund Direct Growth

Very High Risk

1.1%1.0%₹1440.65 Cr12.4%
Axis Special Situations Fund Direct Growth

Very High Risk

1.3%1.0%₹1071.19 Cr9.7%
Axis Corporate Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹5968.70 Cr8.9%
Axis ESG Equity Fund Direct Growth

Very High Risk

1.4%1.0%₹1163.13 Cr6.5%
Axis Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹5780.54 Cr7.8%
Axis Greater China Equity Fund of Fund Direct Growth

Very High Risk

0.5%1.0%₹402.66 Cr19.4%
Axis Value Fund Direct Growth

Very High Risk

0.9%1.0%₹742.48 Cr14.9%
Axis All Seasons Debt Fund of Funds Direct Growth

Moderate Risk

0.2%0.0%₹148.37 Cr9.1%
Axis Gilt Fund Direct Growth

Moderate Risk

0.4%0.0%₹918.09 Cr10.2%
Axis Bluechip Fund Direct Growth

Very High Risk

0.7%1.0%₹30517.08 Cr7.1%
Axis Dynamic Bond Fund Direct Growth

Moderate Risk

0.3%0.0%₹1334.23 Cr8.9%
Axis Gold Fund Direct Growth

High Risk

0.2%1.0%₹869.00 Cr31.2%
Axis Focused 25 Fund Direct Growth

Very High Risk

0.8%1.0%₹11556.73 Cr6.6%
Axis Regular Saver Fund Direct Growth

Very High Risk

0.9%1.0%₹267.48 Cr9.7%
Axis Strategic Bond Fund Direct Growth

Moderately High risk

0.6%1.0%₹1934.39 Cr9.4%
Axis Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹32174.34 Cr8.5%
Axis Short Term Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹8922.62 Cr8.8%
Axis Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹44666.25 Cr7.4%
Axis Multi Asset Allocation Fund Direct Growth

Very High Risk

1.1%1.0%₹1270.15 Cr13.4%
Axis Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹26087.92 Cr13.7%
Axis Treasury Advantage Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹5947.72 Cr8.1%
Axis Equity Saver Fund Direct Growth

Moderately High risk

1.0%1.0%₹929.60 Cr8.5%
Axis Balanced Advantage Fund Direct Growth

Moderately High risk

0.8%1.0%₹2625.19 Cr13.5%
Axis Nifty Midcap 50 Index Fund Direct Growth

Low Risk

0.3%0.0%₹371.77 Cr8.4%
Axis Nifty IT Index Fund Direct Growth

Very High Risk

0.3%0.0%₹126.33 Cr10.0%
Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹32.60 Cr8.3%
Axis Credit Risk Fund Direct Growth

High Risk

0.8%1.0%₹381.97 Cr9.0%
Axis Ultra Short Term Fund Direct Growth

Moderate Risk

0.4%0.0%₹5297.38 Cr7.9%
Axis Multicap Fund Direct Growth

Very High Risk

0.8%1.0%₹6347.87 Cr16.1%
Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹75.10 Cr8.6%
Axis Nifty AAA Bond Plus SDL Apirl 2026 50:50 ETF Fund Of Funds Direct Growth

Low to Moderate Risk

0.1%0.0%₹278.60 Cr6.7%
Axis Silver Fund of Funds Direct Growth

Very High Risk

0.2%0.0%₹71.86 Cr32.7%
Axis Nifty Next 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹268.82 Cr6.2%
Axis CRISIL IBX 70:30 CPSE Plus SDL April 2025 Index Fund Direct Growth

Low Risk

0.2%0.0%₹456.07 Cr7.5%
Axis Long Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹474.13 Cr9.9%
Axis Nifty 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹589.55 Cr7.7%

Still got questions?
We're here to help.

The NAV of Axis Banking & PSU Debt Fund Direct Growth, as of 27-Mar-2025, is ₹2651.89.
The fund has generated 8.27% over the last 1 year and 6.67% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 92.75% in bonds, and 6.95% in cash and cash equivalents.
The fund managers responsible for Axis Banking & PSU Debt Fund Direct Growth are:-
  1. Aditya Pagaria
  2. Hardik Shah
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