Sharpe ratio
0.87Return earned for the risk taken.
Moderate
Moderate risk-adjusted returns. The reward for risk has been average.
+4.30%1Y Absolute Return
-0.08%1D
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Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| Axis Banking & PSU Debt Fund - Direct Plan - Growth OptionFund 5Y annualised return | ₹8,50,025 | ₹7,32,612 | ₹1,17,413 | +6.17% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.08
₹1 Lakh since launch₹1.08 Lakh
Fund age13.9 yrs
Fund information
Scheme code120438
ISININF846K01CR6
BenchmarkNifty Banking & PSU Debt Index A-II
CategoryDebt Scheme - Banking and PSU Fund
Expense ratio0.36%
Exit loadNil
Minimum SIP₹1,000 SIP
Return comparison
23rd / 143 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +6.85% | — | — |
| 3M | +0.88% | — | — |
| 6M | +5.65% | — | — |
| 1Y | +4.30% | — | +1.68% |
| 3Y | +6.82% | — | +3.16% |
| 5Y | +6.17% | — | +2.94% |
| 10Y | +7.10% | — | — |
| Since Launch | +7.60% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
1.76Return earned while limiting downside risk.
Good
Good downside protection with strong returns.
Standard deviation
1.23%How much the fund’s returns fluctuate over time.
Low volatility
Returns have been relatively stable.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
2.67How well the fund rewarded investors relative to its biggest decline.
Excellent
Excellent balance between returns and drawdowns.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Portfolio100%
Debt98.93%
Cash1.07%
Market cap allocation
Market-cap classifications were not present in the latest portfolio disclosure.
Sector allocation
Equity exposure by sector
Top holdings
10 of 168 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25C 7.44 BD 24FB28 FVRS1LAC | Financial | Bonds | 3.8423% |
| STATE DEVELOPMENT LOAN 37139 TN 25FB29 6.54 FV RS 100 | Unspecified | State Development Loan | 3.4609% |
| 7.7% Nuclear Power Corporation Of India Limited | Energy & Utilities | Non Convertible Debenture | 3.2948% |
| POWER FINANCE CORPORATION LIMITED SR 246A 7.42 BD 15AP28 FVRS1LAC | Financial | Bonds | 3.2329% |
| REC LIMITED SR 232 A 7.59 BD 31MY27 FVRS1LAC | Financial | Debenture | 2.7799% |
| POWER FINANCE CORPORATION LTD. SR 223 7.64 BD 22FB33 FVRS1LAC | Financial | Debenture | 2.4446% |
| REC LIMITED SR 220-B 7.69 BD 31MR33 FVRS1LAC | Financial | Floating Rate Bond | 2.3685% |
| BANK OF BARODA CD 11JAN27 | Financial | Certificate of Deposit | 2.1635% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR III 7.34 BD 26FB29 FVRS1LAC | Financial | Bonds | 2.1244% |
| GOVERNMENT OF INDIA 36185 GOI 07JL40 6.68 FV RS 100 | Entities | GOI Securities | 2.1046% |
Fund management
HA
Hardik Shah
Since 2023 · Prior to joining Axis Mutual Fund, he has worked with Nippon India Mutual Fund, Quantum Asset Management Company and ICAP India (P) Ltd.
Mr. Shah has done B.E. Information Technology and MBA Finance.
AD
Aditya Pagaria
Since 2016 · Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.
Mr. 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.
Compare similar funds
No comparable category funds are available yet.
Summary
A moderate-risk debt scheme - banking and psu fund. Losses and swings stayed contained — worst fall -2.9%, volatility 1.2%. Financial makes up 73% — trouble in that sector hits the whole fund.
Strengths
- Losses and swings stayed contained — worst fall -2.9%, volatility 1.2%.
- Recovered from its worst fall in 0 months.
- Well spread out — top 10 holdings are only 28% of the portfolio.
- Same fund manager for 10+ years — the strategy has not chopped and changed.
- Ranks 23 of 143 in its category over 1 year.
Weaknesses
- None
Ideal investor
- Needs a 1–3 years depending on duration horizon to ride out its moderate risk level.
Risk drivers
- Financial makes up 73% — trouble in that sector hits the whole fund.