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Home>Mutual Funds>Axis Mutual Fund>Axis Banking & PSU Debt Fund IDCW Daily

Axis Banking & PSU Debt Fund IDCW Daily

Debt
Banking and PSU
Low to Moderate Risk
6.55%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 29 Jun 2022₹1,039.13
Min. SIP amountNA
Rating5
Fund size₹14,588.00Cr

Returns and rankings

Category: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.2%6.5%7.1%7.9%
Category average4.4%8.4%7.7%NA
Rank with in category383NA
Understand terms

Holdings (97)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec5.4%
National Bank For Agriculture & Rural DevelopmentFinancialDebenture5.4%
NTPC Ltd.EnergyNCD4.5%
Hindustan Petroleum Corporation Ltd.EnergyDebenture4.0%
GOI
SovereignCGL3.3%
Housing Development Finance Corpn. Ltd.FinancialNCD2.8%
Indian Oil Corporation Ltd.EnergyDebenture2.5%
REC Ltd.FinancialDebenture2.2%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture2.2%
National Bank For Agriculture & Rural Development
FinancialDebenture2.1%
See All

Expense ratio, exit load and tax

Expense ratio: 0.62%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA

Fund management

Aditya Pagaria
Aug 2016 - Present
View details

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

Fund house & investment objective

Fund house contact details

Address
"Axis House" - 1st Floor,C-2 - Wadia International Centre,Pandurang Budhkar Marg , Worli, Mumbai 400025
Phone
022-24255161
Launch Date
04 Sep 2009
Amc Image
Axis Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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FAQs

How to Invest in Axis Banking & PSU Debt Fund IDCW Daily?

You can easily invest in Axis Banking & PSU Debt Fund IDCW Daily in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Axis Banking & PSU Debt Fund IDCW Daily from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Axis Banking & PSU Debt Fund IDCW Daily as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Axis Banking & PSU Debt Fund IDCW Daily provide?

The Axis Banking & PSU Debt Fund IDCW Daily has been there from 08 Jun 2012 and the average annual returns provided by this fund is 3.21% since its inception.

How much expense ratio is charged by Axis Banking & PSU Debt Fund IDCW Daily?

The term Expense Ratio used for Axis Banking & PSU Debt Fund IDCW Daily or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Axis Banking & PSU Debt Fund IDCW Daily is 0.62% as of 30 Jun 2022...

What is the AUM of Axis Banking & PSU Debt Fund IDCW Daily?

The AUM, short for Assets Under Management of Axis Banking & PSU Debt Fund IDCW Daily is ₹14,588.00Cr as of 30 Jun 2022.

How to Redeem Axis Banking & PSU Debt Fund IDCW Daily?

If you want to sell your Axis Banking & PSU Debt Fund IDCW Daily holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Axis Banking & PSU Debt Fund IDCW Daily?

You can select either SIP or Lumpsum investment of Axis Banking & PSU Debt Fund IDCW Daily based on your investment objective and risk tolerance.

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

The NAV of Axis Banking & PSU Debt Fund IDCW Daily is ₹1,039.13 as of 29 Jun 2022.

What is the PE and PB ratio of Axis Banking & PSU Debt Fund IDCW Daily?

The PE ratio ratio of Axis Banking & PSU Debt Fund IDCW Daily is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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