Axis Banking and PSU Debt Fund
Banking and PSUModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹2,796.78-0.13%1 day
- Return since launch
- 7.5%
- 52-week range
- ₹2,671.30 — ₹2,805.00
- AUM
- ₹12,004 Cr
Axis Banking and PSU Debt Fund is a Banking and PSU debt fund from Axis Mutual Fund with ₹12,004 Cr under management, launched in 2012. Over three years it has returned 6.1% a year, against 6.7% for its category. The expense ratio is 0.65% and the SEBI riskometer reading is Moderate.
Performance
Axis Banking and PSU Debt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.7% against +4.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.5% | −0.2 pts | 4.7% | 4.7% |
| 2Y | 5.4% | 0.0 pts | 5.4% | 5.4% |
| 3Y | 6.1% | −0.6 pts | 6.7% | 6.1% |
| 5Y | 6.3% | +0.4 pts | 5.8% | 6.3% |
| 7Y | 6.0% | −0.1 pts | 6.2% | 6.1% |
| 10Y | 6.5% | −0.2 pts | 6.7% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.0% | −0.1 pts | 0.1% | 0.1% |
| 3M | 0.6% | −0.2 pts | 0.8% | 0.7% |
| 6M | 2.8% | −0.1 pts | 2.9% | 3.0% |
| 1Y | 4.7% | −0.1 pts | 4.7% | 4.7% |
| 2Y | 6.2% | +0.1 pts | 6.1% | 6.1% |
| 3Y | 6.6% | −0.1 pts | 6.7% | 6.7% |
| 5Y | 5.8% | 0.0 pts | 5.8% | 5.8% |
| 7Y | 6.3% | −0.1 pts | 6.4% | 6.3% |
| 10Y | 6.9% | +0.2 pts | 6.7% | 6.7% |
Since launch (30 May 2012): 7.5%
Calendar-year returns
Category average9.6%
3.4%
3.8%
6.5%
7.5%
7.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.5% | −0.2 pts | 7.7% |
| 2024 | 7.5% | −0.7 pts | 8.2% |
| 2023 | 6.5% | −0.5 pts | 7.0% |
| 2022 | 3.8% | −0.1 pts | 3.9% |
| 2021 | 3.4% | −0.4 pts | 3.8% |
| 2020 | 9.6% | −0.9 pts | 10.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.65%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.54%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.10%
- Exit load
- Exit load of 0.25% shall be charged if units are redeemed within 1 month from the date of allotment.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty Banking & PSU Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.60 | 0.92 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.96 | 1.55 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.38 | 1.28 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Axis Banking and PSU Debt Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt97.6%
- Other2.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 4.72% | ₹567 Cr | +1.02% | +0.96% | +0.92% |
| Nuclear Power Corpn. Of India Ltd. | Energy | 3.55% | ₹426 Cr | +4.09% | +0.39% | +0.25% |
| National Housing Bank | Financial | 3.12% | ₹374 Cr | +1.84% | +1.77% | +1.75% |
| REC Ltd. | Financial | 3.00% | ₹360 Cr | +0.61% | +0.59% | +0.58% |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.10% | ₹252 Cr | +0.92% | +0.90% | +1.86% |
| Kotak Mahindra Prime Ltd. | Financial | 1.85% | ₹223 Cr | +0.08% | +0.08% | +0.15% |
| HDFC Bank Ltd. | Financial | 1.82% | ₹219 Cr | +0.60% | +0.23% | +2.35% |
| Tata Capital Ltd. | Financial | 1.68% | ₹202 Cr | +0.82% | +0.04% | +0.08% |
| National Bank For Agriculture & Rural Development | Financial | 1.62% | ₹195 Cr | +0.61% | +0.52% | +1.15% |
| Power Grid Corporation Of India Ltd. | Energy | 1.62% | ₹194 Cr | +1.78% | +2.89% | +2.87% |
| NTPC Ltd. | Energy | 1.46% | ₹176 Cr | +2.44% | +2.36% | +0.27% |
| Bajaj Housing Finance Ltd. | Financial | 1.45% | ₹174 Cr | +1.20% | +0.59% | +0.94% |
| Kotak Mahindra Bank Ltd. | Financial | 1.22% | ₹146 Cr | +1.17% | +1.10% | +0.74% |
| Indian Railway Finance Corporation Ltd. | Financial | 1.19% | ₹143 Cr | +1.88% | +0.72% | +1.17% |
| Siddhivinayak Securitisation Trust | Others | 1.19% | ₹143 Cr | +1.16% | +0.94% | — |
| Export-Import Bank Of India | Financial | 1.17% | ₹140 Cr | +0.61% | +1.18% | +2.27% |
| Shivshakti Securitisation Trust | Others | 0.99% | ₹119 Cr | +0.97% | +0.95% | — |
| Bajaj Finance Ltd. | Financial | 0.89% | ₹107 Cr | +1.22% | +2.36% | +0.57% |
| company:3692 | Financial | 0.81% | ₹97.50 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.81% | ₹97.34 Cr | +0.78% | +0.73% | +0.75% |
| Canara Bank | Financial | 0.79% | ₹94.40 Cr | +1.56% | +0.73% | +0.74% |
| Power Finance Corporation Ltd. | Financial | 0.67% | ₹79.90 Cr | +0.81% | +0.79% | +2.98% |
| Radhakrishna Securitisation Trust | Others | 0.63% | ₹75.68 Cr | +0.62% | +0.61% | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.63% | ₹75.15 Cr | +0.82% | +0.79% | +0.78% |
| Tata Capital Housing Finance Ltd. | Financial | 0.50% | ₹60.08 Cr | +0.81% | +1.95% | +1.15% |
| LIC Housing Finance Ltd. | Financial | 0.44% | ₹53.10 Cr | +0.05% | +0.04% | +0.04% |
| Karnataka State | Others | 0.43% | ₹51.54 Cr | +0.22% | +0.29% | +0.23% |
| Larsen & Toubro Ltd. | Construction | 0.42% | ₹50.19 Cr | — | +0.39% | — |
| Kotak Mahindra Investments Ltd. | Financial | 0.41% | ₹49.30 Cr | +0.40% | +1.17% | +0.01% |
| Union Bank of India | Financial | 0.41% | ₹49.13 Cr | +0.39% | +0.38% | — |
| ICICI Bank Ltd. | Financial | 0.40% | ₹48.49 Cr | 0.00% | -0.01% | -0.02% |
| Bharti Telecom Ltd. | Communication | 0.20% | ₹24.54 Cr | +0.20% | +0.19% | — |
| Gujarat State | Construction | 0.17% | ₹20.45 Cr | +0.16% | +0.43% | — |
| Sundaram Home Finance Ltd. | Financial | 0.13% | ₹15.03 Cr | +0.12% | +0.12% | +0.12% |
| Bihar State | Others | 0.10% | ₹11.70 Cr | +0.09% | +0.09% | — |
| Maharashtra State | Others | 0.08% | ₹10.09 Cr | +0.08% | +0.95% | +0.08% |
| Rajasthan State | Others | 0.08% | ₹9.90 Cr | +0.08% | +0.08% | +0.08% |
| HDB Financial Services Ltd. | Financial | 0.06% | ₹7.53 Cr | +0.06% | +0.04% | +0.23% |
| L&T Finance Ltd. | Financial | 0.03% | ₹4.01 Cr | +0.03% | +0.08% | — |
| GOI | Sovereign | 0.02% | ₹2.79 Cr | +0.04% | +0.04% | +0.08% |
| Tamilnadu State | Others | 0.01% | ₹1.50 Cr | +0.01% | +0.01% | +0.01% |
| Andhra Pradesh State | Financial | 0.01% | ₹1.35 Cr | +0.01% | +0.79% | +0.01% |
| Hongkong & Shanghai Banking Corpn. Ltd. | Financial | 0.00% | ₹0.54 Cr | +0.01% | 0.00% | — |
| company:19599 | Financial | 0.00% | ₹0.18 Cr | — | — | — |
| ICICI Securities Primary Dealership Ltd. | Financial | 0.00% | ₹0.18 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:3692 | 0.00% | 0.81% | +0.81% |
| Indian Bank | 0.79% | 0.00% | -0.79% |
| Punjab National Bank | 0.79% | 0.00% | -0.79% |
| GOI | 0.65% | 0.02% | -0.62% |
| HDFC Bank Ltd. | 0.08% | 0.21% | +0.13% |
| Tata Capital Housing Finance Ltd. | 0.20% | 0.08% | -0.12% |
| Nuclear Power Corpn. Of India Ltd. | 3.28% | 3.34% | +0.06% |
| Power Finance Corporation Ltd. | 0.04% | 0.08% | +0.04% |
| Kotak Mahindra Bank Ltd. | 1.18% | 1.22% | +0.03% |
| Tata Capital Ltd. | 1.63% | 1.66% | +0.03% |
| Kotak Mahindra Prime Ltd. | 1.41% | 1.44% | +0.02% |
| Bank Of Baroda | 0.79% | 0.81% | +0.02% |
| NTPC Ltd. | 1.23% | 1.25% | +0.02% |
| Canara Bank | 0.77% | 0.79% | +0.02% |
| Siddhivinayak Securitisation Trust | 1.17% | 1.19% | +0.02% |
| Shivshakti Securitisation Trust | 0.97% | 0.99% | +0.02% |
| National Housing Bank | 0.61% | 0.63% | +0.01% |
| Union Bank of India | 0.40% | 0.41% | +0.01% |
| Radhakrishna Securitisation Trust | 0.62% | 0.63% | +0.01% |
| Mahindra & Mahindra Financial Services Ltd. | 0.62% | 0.63% | +0.01% |
| Indian Railway Finance Corporation Ltd. | 0.63% | 0.64% | +0.01% |
| Others | 0.34% | 0.35% | +0.01% |
| Karnataka State | 0.42% | 0.43% | +0.01% |
| Bajaj Finance Ltd. | 0.41% | 0.42% | +0.01% |
| Larsen & Toubro Ltd. | 0.41% | 0.42% | +0.01% |
| Kotak Mahindra Investments Ltd. | 0.40% | 0.41% | +0.01% |
| REC Ltd. | 0.20% | 0.21% | 0.00% |
| National Bank For Agriculture & Rural Development | 0.20% | 0.21% | 0.00% |
| Bharti Telecom Ltd. | 0.20% | 0.20% | 0.00% |
| Power Grid Corporation Of India Ltd. | 0.60% | 0.61% | 0.00% |
| Export-Import Bank Of India | 0.21% | 0.21% | 0.00% |
| Small Industries Devp. Bank of India Ltd. | 0.19% | 0.19% | 0.00% |
| Sundaram Home Finance Ltd. | 0.12% | 0.13% | 0.00% |
| ICICI Securities Primary Dealership Ltd. | -0.00% | 0.00% | 0.00% |
| Gujarat State | 0.17% | 0.17% | 0.00% |
| company:19599 | 0.00% | 0.00% | 0.00% |
| Bihar State | 0.10% | 0.10% | 0.00% |
| HDB Financial Services Ltd. | 0.06% | 0.06% | 0.00% |
| Maharashtra State | 0.08% | 0.08% | 0.00% |
| Rajasthan State | 0.08% | 0.08% | 0.00% |
| Hongkong & Shanghai Banking Corpn. Ltd. | 0.00% | 0.00% | 0.00% |
| Bajaj Housing Finance Ltd. | 0.20% | 0.20% | 0.00% |
| L&T Finance Ltd. | 0.03% | 0.03% | 0.00% |
| LIC Housing Finance Ltd. | 0.02% | 0.02% | 0.00% |
| ICICI Bank Ltd. | -0.00% | -0.00% | 0.00% |
| Tamilnadu State | 0.01% | 0.01% | 0.00% |
| Andhra Pradesh State | 0.01% | 0.01% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹5,539 Cr | 0.63% | 5.5% | 6.5% | 6.7% |
 Bandhan Banking and PSU Debt Fund | ₹12,014 Cr | 0.68% | 5.7% | 6.4% | 6.5% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,667 Cr | 0.74% | 4.9% | 6.3% | 6.6% |
 Kotak Banking and PSU Debt Fund | ₹4,937 Cr | 0.75% | 4.6% | 6.2% | 6.5% |
 UTI Banking & PSU Debt Fund | ₹1,508 Cr | 0.47% | 6.2% | 6.9% | 7.2% |
 Franklin India Banking & PSU Debt Fund | ₹567 Cr | 0.49% | 5.9% | 6.8% | 6.8% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
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.
Fund managers
- Aditya PagariaMr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College. Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
- Hardik ShahMr. 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.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.81% absolute | ₹60,000 | ₹61,686 | 2.81% | |
| 1 year4.67% annualised | ₹1,20,000 | ₹1,23,079 | 2.57% | |
| 3 years6.63% annualised | ₹3,60,000 | ₹3,99,284 | 10.91% | |
| 5 years5.84% annualised | ₹6,00,000 | ₹6,98,220 | 16.37% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Axis Banking and PSU Debt Fund?
The NAV of Axis Banking and PSU Debt Fund is ₹2,796.78 as on 24 Sep 2026.
What is the expense ratio of Axis Banking and PSU Debt Fund?
The expense ratio of Axis Banking and PSU Debt Fund is 0.65% per year.
What is the minimum SIP amount for Axis Banking and PSU Debt Fund?
You can start a SIP in Axis Banking and PSU Debt Fund with ₹3,000 a month.
What returns has Axis Banking and PSU Debt Fund given?
Axis Banking and PSU Debt Fund has returned 4.5% over 1 year, 6.1% over 3 years and 6.3% over 5 years (annualised).
Is there a lock-in or exit load on Axis Banking and PSU Debt Fund?
Lock-in: None. Exit load: Exit load of 0.25% shall be charged if units are redeemed within 1 month from the date of allotment..
How risky is Axis Banking and PSU Debt Fund?
Axis Banking and PSU Debt Fund is rated Moderate on the SEBI riskometer and belongs to the Banking and PSU category.
Which fund house manages Axis Banking and PSU Debt Fund?
Axis Banking and PSU Debt Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,77,445 Cr under management.