Axis Banking & PSU Debt Direct Plan Dividend Daily+0.11%

4Groww
11.45%
1 Year Return
Debt
Banking & PSU
4.0 star
6M
1Y
3Y
5Y
All

Fund Details

Axis Banking & PSU Debt Direct Plan Dividend Daily

RiskModerately Low
Min SIP Amount₹1000
Expense Ratio0.29%
NAV1020.2 (22 Aug 2019)
Fund Started02 Jan 2013
Fund Size7,134 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Axis Banking & PSU Debt Direct Plan Dividend Daily
11.4%
8.6%
8.7%
8.8%
Category Average
10.0%
7.6%
8.3%
-
Rank within category
7
1
9
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 11.4% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. Lower expense ratio
    3. 1Y Returns are higher than the benchmark
    4. 3Y Returns are higher than the benchmark
    5. 5Y Returns are higher than the benchmark
    6. Exit load is zero
    Cons
    1. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Food Corporation of IndiaFMCGBonds6.6%
    National Bank For Agriculture & Rural DevelopmentFinancialDebenture6.6%
    Small Industries Devp. Bank of India Ltd.FinancialDebenture5.6%
    National Thermal Power Corp. Ltd.EnergyNCD5.4%
    National Highways Authority of India Ltd.ServicesNCD4.5%
    State Bank of IndiaFinancialNCD4.0%
    Reliance Industries Ltd.EnergyNCD3.1%
    REC Ltd.FinancialDebenture2.8%
    National Bank For Agriculture & Rural DevelopmentFinancialDebenture2.6%
    Power Finance Corpn. Ltd.FinancialBonds/NCD2.5%
    See All

    Fund Managers

    addAditya Pagaria
    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.
    Funds Managed

    Other Details

    Axis Banking & PSU Debt Direct Plan Dividend Daily is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was introduced to investors on 02 Jan 2013. Aditya Pagaria is the Current Fund Manager of Axis Banking & PSU Debt Direct Plan Dividend Daily.The fund currently has an Asset Under Management(AUM) of ₹7,134 Cr and the Latest NAV as of 22 Aug 2019 is ₹1020.2.

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

    Investment Objective

    To generate stable returns by investing predominantly in debt & money market instruments issued by banks.

    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
    03 Sep 2009
    Axis Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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