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

You can easily invest in Axis Banking & PSU Debt Fund IDCW Monthly 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 Monthly 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 Monthly as SIP or lumpsum as per your investment objective and risk tolerance

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

The Axis Banking & PSU Debt Fund IDCW Monthly has been there from 08 Jun 2012 and the average annual returns provided by this fund is 4.34% since its inception.

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

The term Expense Ratio used for Axis Banking & PSU Debt Fund IDCW Monthly 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 Monthly is 0.63% as of 02 Apr 2023...

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

The AUM, short for Assets Under Management of Axis Banking & PSU Debt Fund IDCW Monthly is ₹13,953.88Cr as of 02 Apr 2023.

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

If you want to sell your Axis Banking & PSU Debt Fund IDCW Monthly 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 Monthly?

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

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

The NAV of Axis Banking & PSU Debt Fund IDCW Monthly is ₹1,034.58 as of 31 Mar 2023.

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

The PE ratio ratio of Axis Banking & PSU Debt Fund IDCW Monthly 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).

Axis Banking & PSU Debt Fund IDCW Monthly - NAV, Mutual Fund Performance & Portfolio

Axis Banking & PSU Debt Fund IDCW Monthly
Debt
Banking and PSU
Moderate Risk
Payout
5.33%
3Y annualised
+0.11% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 31 Mar 2023₹1,034.58
Min. SIP amountNot Supported
Rating4
Fund size₹13,953.88Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.3%5.3%6.8%7.7%
Category average4.0%5.3%6.6%NA
Rank with in category6116NA
Understand terms
Holdings (66)NameSectorInstrumentAssets
Power Finance Corporation Ltd.FinancialDebenture8.5%
REC Ltd.FinancialDebenture7.1%
Indian Railway Finance Corporation Ltd.FinancialDebenture6.7%
Export-Import Bank Of India
FinancialDebenture6.3%
Bajaj Finance Ltd.FinancialDebenture5.6%
GOI
SovereignGOI Sec5.3%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture5.1%
Housing Development Finance Corporation Ltd.FinancialDebenture5.0%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture4.2%
National Bank For Agriculture & Rural Development
FinancialDebenture4.0%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
28 Feb 2023 - Present
0.63%
31 Jan 2023 - 28 Feb 2023
0.63%
31 Dec 2022 - 31 Jan 2023
0.63%
30 Nov 2022 - 31 Dec 2022
0.63%
30 Nov 2022 - 30 Nov 2022
0.63%
31 Oct 2022 - 30 Nov 2022
0.62%
31 Oct 2022 - 31 Oct 2022
0.62%
31 Oct 2022 - 31 Oct 2022
0.62%
30 Sep 2022 - 31 Oct 2022
0.63%
30 Sep 2022 - 30 Sep 2022
0.63%
30 Sep 2022 - 30 Sep 2022
0.63%
31 Aug 2022 - 30 Sep 2022
0.63%
31 Aug 2022 - 31 Aug 2022
0.63%
31 Jul 2022 - 31 Aug 2022
0.62%
31 Jul 2022 - 31 Jul 2022
0.62%
30 Jun 2022 - 31 Jul 2022
0.62%
30 Jun 2022 - 30 Jun 2022
0.62%
31 May 2022 - 30 Jun 2022
0.62%
31 May 2022 - 31 May 2022
0.62%
30 Apr 2022 - 31 May 2022
0.62%
30 Apr 2022 - 30 Apr 2022
0.62%
31 Mar 2022 - 30 Apr 2022
0.62%
31 Mar 2022 - 31 Mar 2022
0.62%
28 Feb 2022 - 31 Mar 2022
0.62%
28 Feb 2022 - 28 Feb 2022
0.62%
31 Jan 2022 - 28 Feb 2022
0.62%
31 Dec 2021 - 31 Jan 2022
0.62%
30 Nov 2021 - 31 Dec 2021
0.62%
31 Oct 2021 - 30 Nov 2021
0.62%
30 Sep 2021 - 31 Oct 2021
0.62%
31 Aug 2021 - 30 Sep 2021
0.62%
31 Jul 2021 - 31 Aug 2021
0.62%
30 Jun 2021 - 31 Jul 2021
0.62%
31 May 2021 - 30 Jun 2021
0.62%
30 Apr 2021 - 31 May 2021
0.62%
31 Mar 2021 - 30 Apr 2021
0.44%
28 Feb 2021 - 31 Mar 2021
0.62%
31 Jan 2021 - 28 Feb 2021
0.62%
31 Dec 2020 - 31 Jan 2021
0.62%
30 Nov 2020 - 31 Dec 2020
0.62%
31 Oct 2020 - 30 Nov 2020
0.62%
30 Sep 2020 - 31 Oct 2020
0.42%
31 Aug 2020 - 30 Sep 2020
0.62%
31 Jul 2020 - 31 Aug 2020
0.62%
30 Jun 2020 - 31 Jul 2020
0.62%
31 May 2020 - 30 Jun 2020
0.62%
30 Apr 2020 - 31 May 2020
0.59%
31 Mar 2020 - 30 Apr 2020
0.38%
29 Feb 2020 - 31 Mar 2020
0.59%
31 Jan 2020 - 29 Feb 2020
0.59%
31 Dec 2019 - 31 Jan 2020
0.59%
30 Nov 2019 - 31 Dec 2019
0.59%
31 Oct 2019 - 30 Nov 2019
0.59%
30 Sep 2019 - 31 Oct 2019
0.59%
31 Aug 2019 - 30 Sep 2019
0.59%
31 Jul 2019 - 31 Aug 2019
0.59%
30 Jun 2019 - 31 Jul 2019
0.59%
31 May 2019 - 30 Jun 2019
0.54%
30 Apr 2019 - 31 May 2019
0.55%
31 Mar 2019 - 30 Apr 2019
0.54%
28 Feb 2019 - 31 Mar 2019
0.54%
31 Jan 2019 - 28 Feb 2019
0.54%
31 Dec 2018 - 31 Jan 2019
0.54%
30 Nov 2018 - 31 Dec 2018
0.56%
31 Oct 2018 - 30 Nov 2018
0.56%
30 Sep 2018 - 31 Oct 2018
0.58%
31 Aug 2018 - 30 Sep 2018
0.58%
31 Jul 2018 - 31 Aug 2018
0.58%
30 Jun 2018 - 31 Jul 2018
0.58%
31 May 2018 - 30 Jun 2018
0.45%
30 Apr 2018 - 31 May 2018
0.45%
31 Mar 2018 - 30 Apr 2018
0.45%
28 Feb 2018 - 31 Mar 2018
0.45%
31 Jan 2018 - 28 Feb 2018
0.45%
31 Dec 2017 - 31 Jan 2018
0.40%
30 Nov 2017 - 31 Dec 2017
0.35%
31 Oct 2017 - 30 Nov 2017
0.35%
Expense ratio, exit load and taxExpense ratio: 0.63%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementAditya 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.
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Fund house & investment objective
Axis Mutual Fund
Rank (total assets)#7 in India
Total AUM₹2,61,160.43Cr
Date of Incorporation04 Sep 2009
 Axis Banking & PSU Debt Fund IDCW Monthly is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Aditya Pagaria is the Current Fund Manager of Axis Banking & PSU Debt Fund IDCW Monthly fund. The fund currently has an Asset Under Management(AUM) of ₹2,61,160 Cr and the Latest NAV as of 31 Mar 2023 is ₹1,034.58.
The Axis Banking & PSU Debt Fund IDCW Monthly is rated Moderate risk. Minimum SIP Investment is set to ₹1,000.
;
Investment ObjectiveThe scheme seeks to generate stable returns by investing predominantly in debt and money market instruments issued by banks, Public Sector Units & Public Financial Institutions.
;
Fund benchmarkNIFTY Banking and PSU Debt Index
Scheme Information Document(SID)
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
E-mail
[email protected] / [email protected]
Website
NA
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,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Axis Banking & PSU Debt Fund IDCW Monthly
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	4.3%	5.3%	6.8%	7.7%
Category average	4.0%	5.3%	6.6%	NA
Rank with in category	6	11	6	NA

Name	Sector	Instrument	Assets
Power Finance Corporation Ltd.	Financial	Debenture	8.5%
REC Ltd.	Financial	Debenture	7.1%
Indian Railway Finance Corporation Ltd.	Financial	Debenture	6.7%
Export-Import Bank Of India	Financial	Debenture	6.3%
Bajaj Finance Ltd.	Financial	Debenture	5.6%
GOI	Sovereign	GOI Sec	5.3%
Small Industries Devp. Bank of India Ltd.	Financial	Debenture	5.1%
Housing Development Finance Corporation Ltd.	Financial	Debenture	5.0%
Small Industries Devp. Bank of India Ltd.	Financial	Debenture	4.2%
National Bank For Agriculture & Rural Development	Financial	Debenture	4.0%

Rank (total assets)	#7 in India
Total AUM	₹2,61,160.43Cr

Date of Incorporation	04 Sep 2009

Fund benchmark	NIFTY Banking and PSU Debt Index

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Bengaluru – 560103
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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	4
Fund size	₹13,953.88Cr

Axis Banking & PSU Debt Fund IDCW Monthly

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (66)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.63%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Aditya PagariaAug 2016 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Aditya Pagaria
Aug 2016 - Present
View details