Axis Banking and PSU Debt Fund
Banking and PSULow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹2,812.58+0.10%1 day
- Return since launch
- 7.4%
- 52-week range
- ₹2,698.17 — ₹2,809.91
- AUM
- ₹11,834 Cr
Axis Banking and PSU Debt Fund is a Banking and PSU debt fund from Axis Mutual Fund with ₹11,834 Cr under management, launched in 2012. Over three years it has returned 5.9% a year, against 6.6% for its category. The expense ratio is 0.65% and the SEBI riskometer reading is Low to 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 +4.2% against +4.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.3% | +0.2 pts | 4.1% | 4.3% |
| 2Y | 5.1% | +0.1 pts | 5.0% | 5.0% |
| 3Y | 5.9% | −0.8 pts | 6.6% | 5.8% |
| 5Y | 6.2% | +0.3 pts | 5.9% | 6.2% |
| 7Y | 6.0% | −0.1 pts | 6.0% | 6.0% |
| 10Y | 6.4% | −0.2 pts | 6.6% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.6% | +0.1 pts | 0.5% | 0.5% |
| 3M | 0.3% | 0.0 pts | 0.4% | 0.4% |
| 6M | 2.5% | −0.1 pts | 2.6% | 2.6% |
| 1Y | 4.2% | +0.1 pts | 4.1% | 4.2% |
| 2Y | 6.1% | +0.1 pts | 5.9% | 5.9% |
| 3Y | 6.6% | 0.0 pts | 6.6% | 6.7% |
| 5Y | 5.9% | 0.0 pts | 5.9% | 5.9% |
| 7Y | 6.1% | −0.1 pts | 6.2% | 6.1% |
| 10Y | 6.8% | +0.2 pts | 6.6% | 6.6% |
Since launch (30 May 2012): 7.4%
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 5 Nov 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.
Low to Moderate
Your principal is treated as being at low to moderate risk — typically short duration debt 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 | 0.46 | 0.83 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.75 | 1.41 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.47 | 1.35 | 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 30 Sep 2026
Asset allocation
- Debt100.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.44% | ₹651 Cr | +1.02% | +0.98% | +0.92% |
| Export-Import Bank Of India | Financial | 5.03% | ₹601 Cr | +2.05% | +1.99% | +1.95% |
| Union Bank of India | Financial | 4.07% | ₹487 Cr | +0.79% | +0.76% | — |
| Nuclear Power Corpn. Of India Ltd. | Energy | 3.56% | ₹425 Cr | +6.59% | +0.40% | +0.25% |
| National Housing Bank | Financial | 3.11% | ₹372 Cr | +1.85% | +1.79% | +1.75% |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.07% | ₹247 Cr | +0.94% | +0.90% | +0.89% |
| HDFC Bank Ltd. | Financial | 1.71% | ₹205 Cr | +0.62% | +0.24% | +0.07% |
| Tata Capital Ltd. | Financial | 1.69% | ₹202 Cr | +3.27% | +0.04% | +0.04% |
| Power Grid Corporation Of India Ltd. | Energy | 1.60% | ₹192 Cr | +1.82% | +2.88% | +2.88% |
| REC Ltd. | Financial | 1.50% | ₹179 Cr | +0.62% | +0.60% | +0.59% |
| NTPC Ltd. | Energy | 1.25% | ₹150 Cr | +2.47% | +2.38% | +2.34% |
| Indian Bank | Financial | 1.23% | ₹147 Cr | +0.79% | +0.75% | +1.63% |
| Kotak Mahindra Bank Ltd. | Financial | 1.23% | ₹147 Cr | +1.18% | +1.12% | +0.75% |
| Indian Railway Finance Corporation Ltd. | Financial | 1.19% | ₹142 Cr | +1.90% | +1.83% | +1.17% |
| Siddhivinayak Securitisation Trust | Others | 1.17% | ₹139 Cr | +1.17% | +0.94% | +0.93% |
| Tata Capital Housing Finance Ltd. | Financial | 1.17% | ₹140 Cr | +0.81% | +1.97% | +1.15% |
| Shivshakti Securitisation Trust | Others | 0.97% | ₹116 Cr | +0.98% | +0.95% | +0.94% |
| Bajaj Finance Ltd. | Financial | 0.89% | ₹107 Cr | +1.23% | +2.39% | +0.57% |
| Bajaj Housing Finance Ltd. | Financial | 0.85% | ₹102 Cr | +0.61% | +0.59% | +0.94% |
| Bank Of Baroda | Financial | 0.82% | ₹97.88 Cr | +0.78% | +0.75% | +0.19% |
| State Bank of India | Financial | 0.81% | ₹96.31 Cr | — | — | — |
| Canara Bank | Financial | 0.79% | ₹94.91 Cr | +0.19% | +0.75% | +0.75% |
| Power Finance Corporation Ltd. | Financial | 0.66% | ₹79.76 Cr | +12.93% | +0.79% | +2.99% |
| Radhakrishna Securitisation Trust | Others | 0.62% | ₹74.35 Cr | +0.62% | +0.61% | +0.60% |
| LIC Housing Finance Ltd. | Financial | 0.44% | ₹53.00 Cr | +0.05% | +0.16% | +0.04% |
| Karnataka State | Others | 0.43% | ₹51.19 Cr | +0.42% | +0.29% | +0.23% |
| Tamilnadu State | Others | 0.43% | ₹50.90 Cr | +0.01% | +0.01% | +0.01% |
| Larsen & Toubro Ltd. | Construction | 0.42% | ₹50.03 Cr | +0.41% | — | — |
| National Bank For Agriculture & Rural Development | Financial | 0.42% | ₹49.93 Cr | +0.41% | +1.15% | +0.77% |
| ICICI Bank Ltd. | Financial | 0.40% | ₹48.84 Cr | -0.01% | 0.00% | -0.02% |
| Punjab National Bank | Financial | 0.29% | ₹34.20 Cr | +0.78% | +3.74% | +0.56% |
| Kotak Mahindra Prime Ltd. | Financial | 0.21% | ₹24.59 Cr | +1.42% | +0.04% | +0.08% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.21% | ₹24.93 Cr | +0.82% | +0.80% | +0.78% |
| Bharti Telecom Ltd. | Communication | 0.20% | ₹24.47 Cr | +0.20% | +0.20% | — |
| Gujarat State | Construction | 0.17% | ₹20.19 Cr | +0.17% | — | — |
| Sundaram Home Finance Ltd. | Financial | 0.13% | ₹15.00 Cr | +0.12% | +0.12% | +0.12% |
| Bihar State | Others | 0.10% | ₹11.54 Cr | +0.10% | +0.09% | +0.06% |
| Maharashtra State | Others | 0.08% | ₹10.00 Cr | +0.08% | +0.94% | +0.08% |
| Rajasthan State | Others | 0.08% | ₹9.79 Cr | +0.08% | +0.08% | +0.08% |
| HDB Financial Services Ltd. | Financial | 0.06% | ₹7.51 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% | ₹2.76 Cr | +0.02% | +0.04% | +0.83% |
| Andhra Pradesh State | Financial | 0.01% | ₹1.33 Cr | +0.01% | +0.39% | +0.01% |
| ICICI Securities Primary Dealership Ltd. | Financial | -0.00% | ₹-0.01 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Export-Import Bank Of India | 0.21% | 3.45% | +3.24% |
| Indian Bank | 0.00% | 1.23% | +1.23% |
| Kotak Mahindra Prime Ltd. | 1.44% | 0.21% | -1.23% |
| Tata Capital Housing Finance Ltd. | 0.08% | 0.75% | +0.67% |
| Tamilnadu State | 0.01% | 0.43% | +0.42% |
| Mahindra & Mahindra Financial Services Ltd. | 0.63% | 0.21% | -0.42% |
| company:6306 | 0.41% | 0.00% | -0.41% |
| Union Bank of India | 0.41% | 0.81% | +0.40% |
| Punjab National Bank | 0.00% | 0.29% | +0.29% |
| NTPC Ltd. | 1.25% | 1.04% | -0.21% |
| HDFC Bank Ltd. | 0.21% | 0.08% | -0.13% |
| Power Finance Corporation Ltd. | 0.08% | 0.04% | -0.04% |
| Siddhivinayak Securitisation Trust | 1.19% | 1.17% | -0.02% |
| Shivshakti Securitisation Trust | 0.99% | 0.97% | -0.02% |
| Kotak Mahindra Bank Ltd. | 1.22% | 1.23% | +0.01% |
| Tata Capital Ltd. | 1.66% | 1.67% | +0.01% |
| Radhakrishna Securitisation Trust | 0.63% | 0.62% | -0.01% |
| Bank Of Baroda | 0.81% | 0.82% | +0.01% |
| Nuclear Power Corpn. Of India Ltd. | 3.34% | 3.35% | +0.01% |
| Power Grid Corporation Of India Ltd. | 0.61% | 0.60% | -0.01% |
| Sundaram Home Finance Ltd. | 0.13% | 0.13% | 0.00% |
| LIC Housing Finance Ltd. | 0.02% | 0.02% | 0.00% |
| company:5656 | 0.00% | 0.00% | 0.00% |
| Bharti Telecom Ltd. | 0.20% | 0.20% | 0.00% |
| Bajaj Finance Ltd. | 0.42% | 0.42% | 0.00% |
| National Housing Bank | 0.63% | 0.63% | 0.00% |
| Maharashtra State | 0.08% | 0.08% | 0.00% |
| Canara Bank | 0.79% | 0.79% | 0.00% |
| L&T Finance Ltd. | 0.03% | 0.03% | 0.00% |
| GOI | 0.02% | 0.02% | 0.00% |
| HDB Financial Services Ltd. | 0.06% | 0.06% | 0.00% |
| Bihar State | 0.10% | 0.10% | 0.00% |
| Rajasthan State | 0.08% | 0.08% | 0.00% |
| State Bank of India | 0.81% | 0.81% | 0.00% |
| Others | 0.35% | 0.35% | 0.00% |
| Bajaj Housing Finance Ltd. | 0.20% | 0.20% | 0.00% |
| Larsen & Toubro Ltd. | 0.42% | 0.42% | 0.00% |
| National Bank For Agriculture & Rural Development | 0.21% | 0.21% | 0.00% |
| ICICI Securities Primary Dealership Ltd. | 0.00% | -0.00% | 0.00% |
| company:19599 | 0.00% | 0.00% | 0.00% |
| Andhra Pradesh State | 0.01% | 0.01% | 0.00% |
| REC Ltd. | 0.21% | 0.21% | 0.00% |
| ICICI Bank Ltd. | -0.00% | -0.00% | 0.00% |
| Small Industries Devp. Bank of India Ltd. | 0.19% | 0.19% | 0.00% |
| Karnataka State | 0.43% | 0.43% | 0.00% |
| Gujarat State | 0.17% | 0.17% | 0.00% |
| Indian Railway Finance Corporation Ltd. | 0.64% | 0.64% | 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 | ₹5,324 Cr | 0.62% | 5.0% | 6.3% | 6.6% |
 Bandhan Banking and PSU Debt Fund | ₹11,848 Cr | 0.68% | 5.1% | 6.2% | 6.4% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,082 Cr | 0.72% | 4.4% | 6.0% | 6.5% |
 Kotak Banking and PSU Debt Fund | ₹4,675 Cr | 0.75% | 4.4% | 6.0% | 6.4% |
 UTI Banking & PSU Debt Fund | ₹1,448 Cr | 0.46% | 5.9% | 6.7% | 7.0% |
 Franklin India Banking & PSU Debt Fund | ₹565 Cr | 0.49% | 5.0% | 6.4% | 6.6% |
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 months2.55% absolute | ₹60,000 | ₹61,530 | 2.55% | |
| 1 year4.18% annualised | ₹1,20,000 | ₹1,22,752 | 2.29% | |
| 3 years6.59% annualised | ₹3,60,000 | ₹3,99,031 | 10.84% | |
| 5 years5.89% annualised | ₹6,00,000 | ₹6,99,146 | 16.52% |
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 ₹2,812.58 as on 9 Nov 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 4.3% over 1 year, 5.9% over 3 years and 6.2% 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 Low to 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 ₹3,91,554 Cr under management.