Axis Banking & PSU Debt
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.
Growthvine rating: 5/5 — ranked #2 of 22 in category.
Fund basics
| Category | Debt: Banking and PSU |
|---|---|
| NAV | ₹2794.15 (as of 2026-08-21) |
| AUM | ₹12,258 Cr |
| Expense ratio | 0.54% |
| Riskometer | Moderate |
| Fund manager | Aditya Pagaria |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 5.95% |
|---|---|
| Sharpe ratio | 0.71 |
| Standard deviation | 1.34% |
| Max drawdown | -2.86% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 92.7% of NIFTY Banking & PSU Debt Index's upside and 18.1% of its downside.
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 3.1% | Q2 | #9 of 21 |
| 2025 | 7.5% | Q1 (Top) | #6 of 21 |
| 2024 | 7.6% | Q4 (Bottom) | #20 of 22 |
| 2023 | 6.5% | Q3 | #12 of 21 |
| 2022 | 3.8% | Q1 (Top) | #4 of 19 |