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Asset Size:13555Cr
Expense Ratio:0.59%
Fund Manager(s):Aditya Pagaria,
5year Returns:8.52%

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Axis Banking & PSU Debt Fund Growth

Axis       

Debt
Banking & PSU

Nav : 1904.9481 ( 0.04%) February 26th, 2020

People currently viewing this : 1

Rank (of 245)

2

Annualized Returns(5 yrs)

8.52%

Investment Horizon

>3 Yr

Doubled Money

8yrs 6m

Returns since June 8th, 2012

8.71%

Min Investment ₹1000

Amount Invested

57.2L

Projected Wealth Gained

42.7L

Projected Maturity Amount

99.9L

Axis     

Debt
Banking & PSU

Nav : 1904.9481 ( 0.04%) February 26th, 2020

People currently viewing this : 1

Upwardly's Take :

The fund's return does not fluctuate too much. Stay invested in this fund for more than 3 years to get tax indexation benefits. The effective tax rate can be as low as 2-3% (compared to 31% in FDs)

This is a great substitute for FD. Park your money here and get substantially higher returns than FD. Ideal Investment horizon is 3 years plus.

Min Investment ₹1000

Amount Invested

57.2L

Projected Wealth Gained

42.7L

Projected Maturity Amount

99.9L

Rank (of 245)

2

Annualized Returns(5 yrs)

8.52%

Investment Horizon

>3 Yr

Doubled Money

8yrs 6m

Returns since June 8th, 2012

8.71%

FUND PAST PERFORMANCE

Fund's historical return with Fixed Deposit



Invested for

3m
6m
1y
3y
5y

3 and 6 Months returns are absolute

Assuming 30% tax bracket

FUND MULTIPLIER

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Take To Multiply

2x
4x
5x

TOP 5 HOLDING INVESTED IN

FUND DETAIL INFORMATION

To generate stable returns by investing predominantly in debt & money market instruments issued by Banks,Public Sector Units (PSUs) & Public Financial Institutions (PFIs). The scheme shall endeavor to generate optimum returns with low credit risk.

Basic Details
Fund House
Axis
Launch Date
June 8th, 2012
Expense Ratio
0.59%
Fund Category Risk
Moderate
Std Dev (1Yr)
2.383
Std Dev (3Yr)
1.717
Std Dev (5Yr)
1.404
Asset Size
13555Cr
Investment Details
Investment Plan
Growth
Return since Launch
8.71 %
Exit Load
No Exit Load
YTM
6.62 %
Modified Duration
2.1
Contact Details
Fund Manager(s)
Phone No.
+91 22 43255161