Fund has been able to generate better returns than other funds in same sector
Less expense ratio implies better returns over the long term
Fund has not been able to generate better price return than bank FD
Credit rating of debt intruments is high and default probability is low
Banking and PSU funds are the debt funds that lend money to banks and public sector companies only. The risk of default is less as the borrowers are of high quality. The performance also depends on the interest rates in the economy.
Gains are added to taxable income and taxed according to the individual's income tax slab
Gains are taxed at 20% with indexation benefit
Expected growth rate
Axis Asset Management Company Ltd. is the mutual fund investment wing of Axis Bank, the 3rd largest private bank in India. 74.99% share of the AMC is held by Axis Bank while the rest 24% is held by Schroder Singapore Holdings Private Limited.
₹ 1,90,710.45 Cr.