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
₹393.31
3.29
Union Bank of India 10/02/2027
Financial
₹390.48
3.26
HDFC Bank Ltd. 7.7 18/11/2025
Financial
₹309.30
2.38
Tata Capital Ltd. 21/02/2029
Financial
₹199.39
1.67
REC Ltd. 7.69 31/01/2033
Financial
₹203.29
1.66
Indian Bank 6.18 13/01/2031
Financial
₹214.97
1.58
Canara Bank 28/01/2027
Financial
₹190.24
1.56
Power Finance Corporation Ltd. 7.27 15/10/2031
Financial
₹203.50
1.53
Indian Railway Finance Corporation Ltd. 7.23 15/10/2026
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Axis Banking and PSU Debt Fund is ₹2,794.19 as of 2026-10-16.
Axis Banking and PSU Debt Fund is classified as a Banking and PSU Debt fund.
Axis Banking and PSU Debt Fund is managed by Axis Mutual Fund.
The Assets Under Management (AUM) of Axis Banking and PSU Debt Fund is ₹11,962.14 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 Low To Moderate risk level.
Axis Banking and PSU Debt Fund has delivered 3.91% (1Y), 6.51% (3Y) and 5.79% (5Y) annualised returns as of 2026-10-16.
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.
