Axis Banking & PSU Debt Fund
NAV history
Scorecard
★★★★☆4/5 vs 20 of 19 Banking and PSU Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Banking and PSU Fund (same plan and option). 20 of the 19 Banking and PSU Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +7.18% · ranks 14 of 19 Banking and PSU Funds
Volatility 0.9% vs 1.1% category avg
0.4% expense vs 0.3% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Stronger risk-adjusted returns — Sharpe 0.74 vs 0.66 Banking and PSU Fund average
- Less volatile than its Banking and PSU Fund peers (0.9% vs 1.1%)
- Consistent — positive in 100% of rolling 3-year windows
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Banking and PSU Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.
Fund vs category average (Banking and PSU Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.36% | +0.43% | -0.07% |
| 3M abs | +2.49% | +2.57% | -0.08% |
| 6M abs | +2.81% | +2.83% | -0.02% |
| 1Y CAGR | +5.51% | +5.54% | -0.03% |
| 3Y CAGR | +7.18% | +7.29% | -0.11% |
| 5Y CAGR | +6.20% | +6.37% | -0.17% |
Category average across peers in Banking and PSU Fund (up to 19 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 19 peers in Banking and PSU Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
152 overlapping 1Y windows, sampled monthly across the fund’s history.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +3.39% | |
| 2025 | +7.84% | |
| 2024 | +7.86% | |
| 2023 | +6.84% | |
| 2022 | +4.05% | |
| 2021 | +3.70% | |
| 2020 | +9.93% | |
| 2019 | +10.83% | |
| 2018 | +7.88% | |
| 2017 | +7.37% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Axis Banking & PSU Debt Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Axis in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Gold ETF Inflow Curbs Lifted: HDFC, Axis, And Tata Mutual Funds Reopen Subscriptions
Outlook Money · 5h ago
Axis Mutual Fund announces resumption of lumpsum subscription in its two schemes
Value Research · 1d ago
₹2.52 Lakh Crore Front-Running Case: Bombay HC Sets Aside Police FIR
The420.in · 5d ago
PPFAS Mutual Fund among 6 MFs holding over Rs 10,000 crore in cash in July
The Economic Times · 5d ago
₹2.52-lakh crore fraud: HC strikes down FIR against former chief dealer at Axis Mutual Fund | Mumbai news
Hindustan Times · 5d ago
Axis Multi-Asset Omni FoF Direct-Growth (₹ 10.91) - NAV, Reviews & asset allocation
The Economic Times · 8d ago
Axis Income Plus Arbitrage Omni FoF Direct-IDCW Monthly (₹ 15.71) - NAV, Reviews & asset allocation
The Economic Times · 8d ago
Axis Income Plus Arbitrage Omni FoF Regular-IDCW (₹ 15.37) - NAV, Reviews & asset allocation
The Economic Times · 8d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Debt funds
Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.
Frequently asked questions
What is the NAV of Axis Banking & PSU Debt Fund?
As of 20 Aug 2026, the NAV of Axis Banking & PSU Debt Fund is ₹2,894.28 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Axis Banking & PSU Debt Fund delivered?
Axis Banking & PSU Debt Fund has returned +5.51% over 1 year, +7.18% per year over 3 years, +6.20% per year over 5 years and +7.70% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Axis Banking & PSU Debt Fund?
Axis Banking & PSU Debt Fund charges an expense ratio of 0.36% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Axis Banking & PSU Debt Fund?
Its largest holdings are NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25C 7.44 BD 24FB28 FVRS1LAC (3.8%), STATE DEVELOPMENT LOAN 37139 TN 25FB29 6.54 FV RS 100 (3.5%), 7.7% Nuclear Power Corporation Of India Limited (3.3%), POWER FINANCE CORPORATION LIMITED SR 246A 7.42 BD 15AP28 FVRS1LAC (3.2%) and REC LIMITED SR 232 A 7.59 BD 31MY27 FVRS1LAC (2.8%). Holdings are disclosed monthly and change over time.
How risky is Axis Banking & PSU Debt Fund?
It is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.9% and its worst peak-to-trough fall in our sample was -2.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.74 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Banking & PSU Debt Fund's 0.74 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Axis Banking & PSU Debt Fund?
Axis Banking & PSU Debt Fund is benchmarked against the Nifty Banking & PSU Debt Index A-II. Its alpha and beta on this page are measured against that index.
Who manages Axis Banking & PSU Debt Fund?
Axis Banking & PSU Debt Fund is managed by Aditya Pagaria and Hardik Shah at Axis.
How is Axis Banking & PSU Debt Fund taxed?
Axis Banking & PSU Debt Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.