MonitorDirect · GrowthWatch before adding
Axis Banking and PSU Debt Fund
Axis Mutual FundIncome/Debt Oriented Schemes - Banking and PSU Debt Fund13.8 years
- NAV
- 2,887.8469
- 30 Oct 2026
- 1Y
- +3.9%
- Trailing CAGR
- AUM
- ₹12,003.89 Cr
- 31 Aug 2026
- Volatility
- Low
- 1.3% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Bajaj Finserv Banking and PSU Debt Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.36% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.8%. Ask whether you can hold through a similar fall.
Vs category
Fail
37% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 30.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+3.9%
- 3Y+6.7%
- 5Y+6.1%
- 10Y+7.1%
- SI+7.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.6%
- 3Y+5.8%
- 5Y+6.3%
- 10Y+6.6%
- Since inception
- +7.6%
- Calendar-day CAGR
- Excess 1Y
- +0.1%
- Category median, same plan and option
- 3Y win rate
- +37%
- Windows beating the median
- 3Y percentile
- 31
- Vs comparable share classes
- SIP 3Y XIRR
- +5.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.7%
- 2613 daily-ending windows
- Median rolling 3Y
- +7.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2130 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.8%
- Worst peak-to-trough
- Current
- -0.5%
- Below last peak
- Current spell
- 76 days
- Days below latest peak
- Time below peak
- +33%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 281 recovered episodes
- Longest recovery
- 46 days
- Trough to prior peak
4 Mar 2020 – 27 Mar 2020
Trough 24 Mar 2020 · recovered in 3 days
-2.8%
28 Aug 2018 – 11 Oct 2018
Trough 25 Sept 2018 · recovered in 16 days
-0.9%
15 Jul 2013 – 4 Sept 2013
Trough 24 Jul 2013 · recovered in 42 days
-0.9%
2 Apr 2019 – 20 May 2019
Trough 25 Apr 2019 · recovered in 25 days
-0.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
31
Vs category
51
Consistency
42
Risk-adjusted
90
Drawdown
93
Mean
61
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 167 holdings · top 10 are 30.0%.
- Top 5
- 19.3%
- Top 10
- 30.0%
- Largest holding
- 6.8%
- Effective holdings
- 61.6
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25C 7.44 BD 24FB28 FVRS1LAC
Financial
6.8%
7.7% Nuclear Power Corporation Of India Limited
Energy & Utilities
3.3%
POWER FINANCE CORPORATION LIMITED SR 246A 7.42 BD 15AP28 FVRS1LAC
Financial
3.3%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR III 7.40 BD 18JU31 FVRS1LAC
Financial
3.2%
STATE DEVELOPMENT LOAN 37139 TN 25FB29 6.54 FV RS 100
Unspecified
2.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Bajaj Finserv Banking and PSU Debt Fund
Bajaj Finserv Mutual Fund
- 1Y
- +3.8%
- 3Y
- n/a
- Vol
- 1.2%
- Max DD
- -0.8%
- Sharpe
- 0.91
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
LIC MF Banking & PSU Debt Fund
LIC Mutual Fund
- 1Y
- +4.2%
- 3Y
- +7.1%
- Vol
- 1.2%
- Max DD
- -2.8%
- Sharpe
- 1.21
- 3Y win
- +32%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Sundaram Banking and PSU Debt Fund (Formerly Known as Sundaram Banking and PSU Fund)
Sundaram Mutual Fund
- 1Y
- +9.1%
- 3Y
- n/a
- Vol
- 1.3%
- Max DD
- -0.5%
- Sharpe
- 1.83
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
UTI Banking & PSU Debt Fund
UTI Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.5%
- Vol
- 3.0%
- Max DD
- -6.7%
- Sharpe
- 0.44
- 3Y win
- +61%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Aditya Birla Sun Life Banking & PSU Debt Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +3.4%
- 3Y
- +6.7%
- Vol
- 1.6%
- Max DD
- -3.0%
- Sharpe
- 1.35
- 3Y win
- +84%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER