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Axis Banking and PSU Debt Fund
Banking and PSU DebtRank #9
4/5
NAV (2026-09-03)
₹2799.12
AUM
₹12,258.44 Cr
Exp. Ratio: 0.65%
RISK LEVEL
Moderate
Returns & Performance
1 Year5.26%0.01% vs cat avgRank #10
3 Year6.75%0.00% vs cat avgRank #14
5 Year5.86%0.06% vs cat avgRank #9
Since Launch7.49%0.37% vs cat avg
Fund vs Category Average
1Y
5.26%-0.01%
3Y
6.75%+0.00%
5Y
5.86%+0.06%
Pros & Cons
Pros
✔Above category avg 5Y returns
✔No lock-in period
✔Decent 1Y category rank (#10)
✔Overall top-10 rank in category (#9)
✔Outperforms category avg since launch
Cons
✖1Y returns trail category average
✖3Y returns below category average
ISININF846K01CB0
NAV₹2799.12
NAV Date2026-09-03
AUM₹12,258.44 Cr
Expense Ratio0.65%
RiskModerate
Rating4 / 5
Min SIP Amount₹1000
Max SIP Amount₹999999999
Min Additional Inv.₹1000
SIP AllowedYes
Plan TypeRegular
Plan OptionGrowth
Is NFONo
Fund House Incorp.2009-09-04
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.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsReturns are taxed as per your income tax slab.
Hardik Shah
Mr. Shah has done B.E. Information Technology and MBA Finance.
Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
Top Holdings
Company
Sector
Asset Value (Cr)
Asset %
LIC Housing Finance Ltd. 7.58 23/03/2035
Financial
₹455.40
3.42
Power Finance Corporation Ltd. 7.42 15/04/2028
Financial
₹395.58
3.23
Power Finance Corporation Ltd. 7.64 22/02/2033
Financial
₹298.83
2.44
HDFC Bank Ltd. 7.7 18/11/2025
Financial
₹309.30
2.38
REC Ltd. 7.69 31/03/2033
Financial
₹289.80
2.36
Indian Railway Finance Corporation Ltd. 6.47 30/05/2028
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Axis Banking and PSU Debt Fund is ₹2,799.12 as of 2026-09-03.
Axis Banking and PSU Debt Fund is classified as a Banking and PSU Debt fund.
The Assets Under Management (AUM) of Axis Banking and PSU Debt Fund is ₹12,258.44 Cr.
The expense ratio of Axis Banking and PSU Debt Fund is 0.65%.
Axis Banking and PSU Debt Fund is managed by Hardik Shah.
The minimum SIP investment for Axis Banking and PSU Debt Fund is ₹1,000.
As per the SEBI Riskometer, Axis Banking and PSU Debt Fund carries a Moderate risk level.
Axis Banking and PSU Debt Fund has delivered 5.26% (1Y), 6.75% (3Y) and 5.86% (5Y) annualised returns as of 2026-09-03.
Axis Banking and PSU Debt Fund was launched on 2009-09-04.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
