HDFC Mutual Fund
HDFC Banking and PSU Debt Fund - Growth Option - Direct Plan
Banking and PSU
+6.7% 3Y CAGR
Axis Mutual Fund
Banking and PSU · Direct · Growth
NAV as of 30 Oct 2026 · Source: AMFI
Axis Banking & PSU Debt Fund is a Banking and PSU fund from Axis Mutual Fund, with NAVs going back to January 2013. This page covers its direct plan, growth option. It manages ₹11,834 crore, the largest of 19 Banking and PSU funds. Its expense ratio is 0.36% a year, in line with the median of 0.36% for Banking and PSU funds.
Over the last three years it returned 6.71% a year, 15th of 19 Banking and PSU funds (median 6.86%). Over five years it returned 6.06% a year, 12th of 17. It is 0.30 percentage points a year ahead of its benchmark, the NIFTY Banking & PSU Debt Index A-II, over three years, on AMFI's figures. Its biggest fall from a peak in the last three years was 0.6%, and AMFI's riskometer rates it Moderate.
Annualised (CAGR) for periods over a year, calculated from AMFI NAVs up to 30 Oct 2026. Past performance does not guarantee future returns. How we calculate returns
1 Year
+3.91%
3 Years
+6.71%
5 Years
+6.06%
Since launch (2 Jan 2013)
+7.57%
Fund and benchmark returns as published by AMFI for 29 Oct 2026, so both sides use the same date and method. They can differ slightly from the figures above.
| Period | This fund | Benchmark | Difference |
|---|---|---|---|
| 1 Year | +3.89% | +3.59% | +0.30 pts |
| 3 Years | +6.71% | +6.41% | +0.30 pts |
| 5 Years | +6.06% | +5.60% | +0.46 pts |
| 10 Years | +7.06% | +6.46% | +0.60 pts |
| Since launch | +7.57% | +7.16% | +0.41 pts |
Measured from this fund's own daily NAVs over the last three years.
Volatility (annualised)
0.9%
How much the NAV typically swings in a year. Higher means a bumpier ride.
Worst fall from a peak
-0.6%
The biggest drop from a high to a later low. A sense of what a bad stretch has looked like.
Daily NAV since 2 Jan 2013.
These come from the fund's monthly factsheet and Scheme Information Document (SID). We don't show them yet, because we can't keep them accurate. Check them on Axis Mutual Fund's website before you invest.
Funds next to Axis Banking & PSU Debt Fund, in the same category, ranked by 3-year return.
HDFC Mutual Fund
Banking and PSU
+6.7% 3Y CAGR
Mirae Asset Mutual Fund
Banking and PSU
+6.7% 3Y CAGR
Axis Banking & PSU Debt Fund - Direct Plan - Growth Option
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