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Axis Banking & PSU Debt Fund Direct Plan Daily Dividend Reinvestment Option

Debt

  

Banking and PSU Fund

NAV

1021.74 + 0.5413

as on (31 Mar, 2020)

RETURNS

6.37 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.29 %

Benchmark

IISL NIFTY Banking and PSU Debt TR INR

Asset Size

14469.35 Cr.

(As of 30 Apr, 2019)

Risk

Moderately Low

Objective

To generate stable returns by investing predominantly in debt & money market instruments issued by Banks, Public Sector Units (PSUs) & Public Financial Institutions (PFIs). The scheme shall endeavor to generate optimum returns with low credit risk.

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Fund manager

Aditya Pagaria

(since 13 Aug, 2016)

Exit load

N / A

Minimum sip

₹ 1000

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

National Bank For Agriculture And Rural Development

9.67 %

Food Corporation Of India

7.88 %

Reliance Industries Limited

6.53 %

Small Industries Development Bank Of India

6.11 %

Sector Allocation

About the Scheme Type

Banking and PSU Fund

Banking and PSU debt funds are generally seen as an alternative for bank deposits with low risk, liquidity and the appetite to generate stable returns. As seen in the past, these funds have an average maturity of about 2 years and invest mostly in AAA rated securities – bank certificates of deposits or bonds / debentures of PSUs. The volatility in their case is relatively lower than long-duration funds and is suited for investors looking for higher returns than bank deposits but at the same time, do not want to be exposed to high risks

Ratings

This fund is rated 3 stars by Morning Star Ratings.

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Overview of Axis Asset Management Company Limited

Axis Mutual Fund has grown strongly since the time it launched its first scheme in October 2009. The vision statement of Axis Mutual Fund has been to responsibly manage money and risks to help people feel financially secure and confident of a brighter and prosperous future. We attribute our success, thus far, to Axis Mutual Fund’s 3 founding principles

  • Long term wealth creation
  • Outside in (Customer) view
  • Long term relationship

Our product, sales and service strategy is entirely guided by this. We, at Axis Mutual Fund, aim to provide quality financial and investment solutions to help customers feel financially secure and confident of a brighter and prosperous future. We lay a strong emphasis on risk management and planning. We encourage our investors and our partners to take a holistic view which extends beyond mere investing surpluses to investing with an underlying dream, aspiration or goal.

Investment Philosophy of Axis Mutual Fund:

  • Business to be built on three pillars
    • Outside-in View
    • Investor at the heart of every single decision
    • Communication in investor’s language, not in ours
  • Enduring Wealth Creation
    • Playing a serious and credible role in investor’s money basket
    • Encouraging investors to build a long-term perspective of the mutual fund category
  • Long-term Relationships
    • Outside-in View
    • Aiming at building relationships rather than being transactional