What is a mutual fund?

In simple words, a fund is an investor’s safety deposit much like in earlier times when people used to store their savings into a bag of rice, in today’s times that bag has come with a new name that is the Mutual Fund.

How many types of mutual funds are there?

There are several types of funds such as: • Equity funds, primary investment in stocks and equity shares. Subcategories include large-cap, mid-cap, small-cap funds. • Debt funds • Money market funds • Hybrid funds • Specialized funds

What are the benefits of investing in funds?

Investing allows us with an opportunity to earn higher returns on our investment with minimal risks. It grows the capital invested in the long-term and provides a systematic way to secure one’s future.

Who gets your money in mutual funds?

The income generated on the funds is the interest gained on the invested amount which is fairly distributed among the investors.

Do mutual funds generate income?

Investing in funds is a great way to build capital. Long-term investments have proven to be a successful tool to create generational wealth. Deep analysis of the market and risk tolerance can help investors to earn good returns and generate income as well.

Axis Banking & PSU Debt Fund - Regular Plan - Growth option

Axis Banking & PSU Debt Fund - Investment Information

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₹2499.61 (1.01%)
Current NAV 14-11-2024
7.49%
Returns
Min. SIP ₹1000

Min. Investment ₹5000

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Overview Returns Risk Portfolio Investment Details

Fund Suitability Test

Investment Objective

To generate stable returns by investing predominantly in debt & money market instruments issued by Banks, Public Sector Units (PSUs) & Public Financial Institutions (PFIs).The scheme shall endeavor to generate optimum returns with low credit risk.

Basic Details

Key Information About Investing Details.

CategoryBanking and PSU
KRAKARVY
Inv. PlanGrowth
Launched In01-Jun-12
BenchmarkNIFTY Banking and PSU Debt Total Return Index
Fund TypeOpen Ended
Fund HouseAxis Mutual Fund

Investment Details

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Fund size
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