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Axis Banking & PSU Debt Fund(G)-Direct Plan

Axis Banking & PSU Debt Fund(G)-Direct Plan
Dividend Yearly
NA
Category
Debt - Short Term Income
52-week NAV high
1,776.80  (As on 02-04-2019)
52-week NAV low
1,615.31  (As on 17-05-2018)
Expense
0.29%  (As on 31-03-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 0.20 2.43 6.01 8.80 7.93 7.97 8.16 8.40 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
5000

Axis Banking & PSU Debt Fund - Direct Plan - Growth Option is an open-ended debt scheme that invests mainly in debt securities of banks, Public Financial Institutions, and Public Sector Undertakings. The scheme is offered by Axis Mutual Fund, which is managed by Axis Asset Management Company Limited. The scheme is popular among investors due to the fact that the principal amount invested is at moderately low risk.

Investment Objective of Axis Banking & PSU Debt Fund - Direct Plan - Growth Option

The investment objective of Axis Banking & PSU Debt Fund - Direct Plan - Growth Option provide stable returns to investors through investment mainly in money market and debt securities issued by banks, Public Financial Institutions, and Public Sector Units. The scheme aims at generating optimum returns while ensuring the credit risk is low.

Key Features of Axis Banking & PSU Debt Fund - Direct Plan - Growth Option

Some of the significant features of Axis Banking & PSU Debt Fund - Direct Plan - Growth Option are as indicated in the table below:

Type of fund

Open-ended debt scheme

Plans available

Direct Plan

Options under each plan

The Direct Plan both come with two options:

  1. Growth Option
  2. Dividend Option

Risk

Moderately Low

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment Amount for Axis Banking & PSU Debt Fund - Direct Plan - Growth Option

Here is the information regarding the investment amounts and loads:

Minimum application amount

Rs.5,000 and in multiples of Re.1 thereafter

Minimum additional investment

Rs.1,000 and in multiples of Re.1 thereafter

Minimum instalment for Systematic Investment Plan (SIP)

Rs.1,000 per month for a minimum of 12 months

Entry Load

Not Applicable

Exit Load

Nil

Asset Allocation for Axis Banking & PSU Debt Fund - Direct Plan - Growth Option

Instruments

Allocations (Percentage of total assets)

Money market and debt securities issued by banks, Public Sector Undertakings, and Public Financial Institutions

80% to 100%

Money market instruments and debt securities (including government securities) issued by entities apart from banks, Public Sector Undertakings, and Public Financial Institutions

0% to 20%

NAV Disclosure and Benchmark for Axis Banking & PSU Debt Fund - Direct Plan - Growth Option

The Net Asset Value of Axis Banking & PSU Debt Fund - Direct Plan - Growth Option is calculated on a daily basis and published in at least two newspapers with nationwide circulation. Investors can check the NAV of the scheme on the website of the fund house as well as the website of the Association of Mutual Funds in India.

The Benchmark adopted by Axis Banking & PSU Debt Fund - Direct Plan - Growth Option is the CRISIL Short Term Bond Fund Index.

Axis Banking & PSU Debt Fund - Direct Plan - Growth Option Fund Manager

Axis Banking & PSU Debt Fund - Direct Plan - Growth Option is managed by Mr. Aditya Pagaria who has been managing the scheme for over a year now.

Why you should Invest in Axis Banking & PSU Debt Fund - Direct Plan - Growth Option

Axis Banking & PSU Debt Fund - Direct Plan - Growth Option is a good investment option for those who want regular income in the short to medium term through investment in money market and debt securities issued by banks, Public Sector Undertakings, and Public Financial Institutions.

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