Axis Banking & PSU Debt Fund - Growth option

Category: Debt: Banking and PSU
Launch Date: 01-06-2012
Asset Class: Fixed Interest
Benchmark: NIFTY Banking and PSU Debt Total Return Index
Expense Ratio: 0.59% As on (31-10-2019)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 9,832.39 Cr As on (31-10-2019)
Turn over: - | Exit Load: 0.00% - 0 day

1867.4693

8.68%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
S&P BSE India Bond Index
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
0 Years 0 Months
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment 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.

Current Asset Allocation (%)

Indicators

Volatility 0.66
Sharp Ratio 7.5
Alpha 0.59
Beta 1.04
Yield to Maturity 6.55
Average Maturity 2.4

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
Axis Banking & PSU Debt Fund - Growth option 01-06-2012 10.94 9.06 8.35 8.5 -
Edelweiss Banking and PSU Debt Fund - Regular Plan - Growth Option 06-09-2013 12.55 8.76 7.89 8.07 -
IDFC Banking & PSU Debt Fund-Regular Plan- Growth Option 07-03-2013 11.59 9.05 8.02 8.17 -
Franklin India Banking & PSU Debt Fund - Growth 25-04-2014 11.49 8.58 7.62 8.18 -
Kotak Banking and PSU Debt - Growth 29-12-1998 11.0 8.43 7.52 8.45 8.03
PGIM India Banking and PSU Debt fund -Growth 11-03-2013 10.94 7.89 6.99 8.05 -
Nippon India Banking & PSU Debt Fund- Growth Plan- Growth Option 15-05-2015 10.91 8.16 7.25 - -
HDFC Banking and PSU Debt Fund - Regular Plan - Growth Option 05-03-2014 10.45 7.59 7.05 8.59 -
DSP Banking & PSU Debt Fund - Regular Plan - Growth 14-09-2013 10.37 7.83 6.86 8.17 -
LIC MF Banking & PSU Debt Fund-Regular Plan-Growth 30-05-2007 10.31 8.48 7.64 7.47 7.54

Scheme Characteristics

Minimum investment in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions - 80% of total assets.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

100.0%

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months

Short term capital gains (STCG) tax at the income tax slab rate applicable to the investor, if units are held for less than 36 months

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @29.12% ( 25% + 12% surcharge + 4% Health & education cess) for Individuals and @ 34.944% ( 30% + 12% surcharge + 4% Health & education cess) for any other person **

In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

** The DDT is to be paid by the mutual fund

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