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Axis Banking & PSU Debt Direct Plan Dividend Daily+0.03%

9.12%
1 Year Return
Debt
Banking & PSU
5.0star
6M
1Y
3Y
5Y
All

Fund Details

Axis Banking & PSU Debt Direct Plan Dividend Daily

RiskModerately Low
Min SIP Amount₹1000
Expense Ratio0.31%
NAV₹1034.23 (22 Jan 2021)
Fund Started02 Jan 2013
Fund Size16,896 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
9.0%
9.3%
8.8%
8.8%
Category Average
9.1%
8.6%
8.3%
-
Rank Within Category
14
6
8
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount1,000
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 9.1% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.31%
2. Exit load is zero
Cons
Found nothing so far.

Top Holdings

NameSectorInstrument% Assets
Food Corporation of IndiaFMCGBonds6.0%
National Bank For Agriculture & Rural DevelopmentFinancialDebenture5.1%
National Thermal Power Corp. Ltd.EnergyNCD4.2%
Hindustan Petroleum Corpn. Ltd.EnergyDebenture3.7%
State Bank of IndiaFinancialNCD3.0%
Housing Development Finance Corpn. Ltd.FinancialNCD2.5%
Small Industries Devp. Bank of India Ltd.FinancialDebenture2.4%
REC Ltd.FinancialDebenture2.3%
Indian Oil Corpn. Ltd.EnergyDebenture2.3%
REC Ltd.FinancialDebenture2.0%
See All

Fund Managers

Aditya Pagaria
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Axis Banking & PSU Debt Direct Plan Dividend Daily Details

Axis Banking & PSU Debt Direct Plan Dividend Daily is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 02 Jan 2013. Aditya Pagaria is the Current Fund Manager of Axis Banking & PSU Debt Direct Plan Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹16,896 Cr and the Latest NAV as of 22 Jan 2021 is ₹1034.23.

The Axis Banking & PSU Debt Direct Plan Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.

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.

Tax Implications

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

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

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About Axis Mutual Fund

Address
Axis House, 1st Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400025
Phone
022-43255161
Launch Date
04 Sep 2009
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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