Axis Banking & PSU Debt Fund Dividend Weekly is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was introduced to investors on 08 Jun 2012. Aditya Pagaria is the Current Fund Manager of Axis Banking & PSU Debt Fund Dividend Weekly.The fund currently has an Asset Under Management(AUM) of ₹7,134 Cr and the Latest NAV as of 16 Aug 2019 is ₹1017.8.
The Axis Banking & PSU Debt Fund Dividend Weekly 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