Axis Banking and PSU Debt Fund vs AXIS Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Banking and PSU Debt Fund is a Banking & PSU fund and AXIS Corporate Bond Fund is a Corporate Bond fund. In the 3 years to 30-10-2026, Axis Banking and PSU Debt Fund (Direct) returned 6.7% a year and AXIS Corporate Bond Fund (Direct) returned 7.4% a year. Axis Banking and PSU Debt Fund charges 0.36% a year and AXIS Corporate Bond Fund 0.36% (Direct plans). Their portfolios overlap 24.7%: they hold 44 of the same securities.
Axis Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.7%
- Expense ratio
- 0.36%
- NAV
- ₹2,887.85
AXIS Corporate Bond Fund
Corporate Bond
- 3 year return
- 7.4%
- Expense ratio
- 0.36%
- NAV
- ₹19.33
Which is better, Axis Banking and PSU Debt or AXIS Corporate Bond? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- AXIS Corporate Bond returned more over 5 years: 6.7% a year against 6.1%.
- AXIS Corporate Bond returned more over 3 years: 7.4% a year against 6.7%.
- Axis Banking and PSU Debt swung less over 3 years: a standard deviation of 0.9% a year against 1.1%.
- Axis Banking and PSU Debt fell less in its worst fall since 18-07-2017: −2.9% against −3.8%.
- Axis Banking and PSU Debt is the larger fund: ₹11,962 Cr against ₹7,453 Cr.
- Their portfolios overlap 24.7%: 44 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Banking and PSU Debt Fund | AXIS Corporate Bond Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Axis Mutual Fund |
| Category | Banking & PSU | Corporate Bond |
| AUM | ₹11,962 Cr (30-09-2026) | ₹7,453 Cr (30-09-2026) |
| NAV | ₹2,887.85 (Direct) | ₹19.33 (Direct) |
| Expense ratio (Direct) | 0.36% | 0.36% |
| Expense ratio (Regular) | 0.65% | 0.96% |
| Riskometer | Moderate | Moderate |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | NIFTY Corporate Bond Index A-II |
| Launch date | 08-06-2012 | 13-07-2017 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Aditya Pagaria, Hardik Shah | Devang Shah, Hardik Shah |
| Exit load | Nil | Nil |
Axis Banking and PSU Debt vs AXIS Corporate Bond: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Banking and PSU Debt Fund (Direct) | −0.24% | −0.04% | +2.12% | +3.91% | +6.71% | +6.06% | +7.06% |
| AXIS Corporate Bond Fund (Direct) | −0.20% | +0.08% | +2.41% | +4.31% | +7.44% | +6.67% | -- |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | -- |
Category average: the average of the 19 Banking & PSU funds and the 21 Corporate Bond funds, same plan type.
Axis Banking and PSU Debt vs AXIS Corporate Bond: Year-wise Returns
| Year | Banking and PSU DebtAxis Banking and PSU Debt | Corporate BondAXIS Corporate Bond |
|---|---|---|
| 2026to date | +3.16% | +3.56% |
| 2025 | +7.84% | +8.55% |
| 2024 | +7.86% | +8.69% |
| 2023 | +6.84% | +7.51% |
| 2022 | +4.05% | +4.40% |
| 2021 | +3.70% | +4.38% |
Axis Banking and PSU Debt vs AXIS Corporate Bond: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,531 of them, one for each trading day from 20-07-2020 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Banking and PSU Debt Fund (Direct)
AXIS Corporate Bond Fund (Direct)
to
Jan 2021Feb 2019
to
Feb 2022Mar 2020
to
Mar 2023Apr 2021
to
Apr 2024Apr 2022
to
Apr 2025Apr 2023
to
Apr 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Banking and PSU Debt | 0.0 | 7.8 | 92.2 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 7.0% | 4.7% | 9.6% |
| AXIS Corporate Bond | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.6% | 5.3% | 9.4% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 18-07-2017. Past returns do not promise future returns.
Axis Banking and PSU Debt vs AXIS Corporate Bond: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-07-2017 to 30-10-2026: 112 instalments, ₹11,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Banking and PSU DebtAxis Banking and PSU Debt Fund (Direct) | ₹11,20,000 | ₹15,28,073 | ₹4,08,073 | 6.5% |
| AXIS Corporate BondAXIS Corporate Bond Fund (Direct) | ₹11,20,000 | ₹15,68,177 | ₹4,48,177 | 7.0% |
Axis Banking and PSU DebtAxis Banking and PSU Debt Fund (Direct)
AXIS Corporate BondAXIS Corporate Bond Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Banking and PSU Debt vs AXIS Corporate Bond: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Banking and PSU Debt Fund (Direct) | AXIS Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.91% | +4.31% |
| Standard deviation | 1.17% | 1.33% |
| Sharpe ratio | -1.14 | -0.70 |
| Sortino ratio | -1.53 | -0.98 |
| Maximum drawdown | −0.6% (23-10-2026) | −0.6% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Banking and PSU Debt Fund (Direct) | AXIS Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.71% | +7.44% |
| Standard deviation | 0.94% | 1.10% |
| Sharpe ratio | 0.73 | 1.29 |
| Sortino ratio | 1.07 | 1.94 |
| Maximum drawdown | −0.6% (23-10-2026) | −0.6% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Banking and PSU Debt Fund (Direct) | AXIS Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.06% | +6.67% |
| Standard deviation | 0.86% | 1.01% |
| Sharpe ratio | 0.31 | 0.86 |
| Sortino ratio | 0.44 | 1.23 |
| Maximum drawdown | −0.6% (23-10-2026) | −0.9% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Banking and PSU Debt Fund (Direct) | AXIS Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.57% | +7.33% |
| Standard deviation | 1.28% | 1.97% |
| Sharpe ratio | 1.18 | 1.00 |
| Sortino ratio | 2.04 | 1.29 |
| Maximum drawdown | −2.9% (24-03-2020) | −3.8% (04-06-2019) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Banking and PSU Debt Fund (Direct)
AXIS Corporate Bond Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Banking and PSU Debt Fund (Direct) | −2.9% | 04-03-2020 | 24-03-2020 | 27-03-2020 | 3 days | −0.5% |
| AXIS Corporate Bond Fund (Direct) | −3.8% | 03-06-2019 | 04-06-2019 | 09-10-2019 | 4 months | −0.4% |
From daily values since 18-07-2017, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Banking and PSU Debt Fund (Direct)
AXIS Corporate Bond Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Banking and PSU Debt Fund (Direct)
AXIS Corporate Bond Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Banking and PSU Debt Fund (Direct)
AXIS Corporate Bond Fund (Direct)
Axis Banking and PSU Debt vs AXIS Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Banking and PSU Debt Fund, September 2026; AXIS Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 24.7%
- Held by both
- 44
- Only in Axis Banking and PSU Debt
- 118
- Only in AXIS Corporate Bond
- 71
| Security | % of Axis Banking and PSU Debt | % of AXIS Corporate Bond |
|---|---|---|
| 7.7% Nuclear Power Corporation Of India Limited (21/03/2038) | 3.35% | 2.48% |
| 7.44% National Bank For Agriculture and Rural Development (24/02/2028) | 6.83% | 1.67% |
| Tata Capital Limited (21/02/2029) (FRN) | 1.67% | 2.68% |
| 7.42% Power Finance Corporation Limited (15/04/2028) | 3.29% | 1.34% |
| 7.48% National Bank For Agriculture and Rural Development (15/09/2028) | 1.21% | 1.67% |
| Siddhivinayak Securitisation Trust (28/09/2030) | 1.17% | 2.49% |
| 7.51% Small Industries Dev Bank of India (12/06/2028) | 1.04% | 1.34% |
| 6.74% Small Industries Dev Bank of India (10/01/2029) | 1.02% | 1.31% |
| Export Import Bank of India (12/03/2027) | 3.45% | 0.98% |
| Shivshakti Securitisation Trust (28/09/2029) | 0.97% | 1.73% |
| 7.62% National Bank For Agriculture and Rural Development (31/01/2028) | 1.04% | 0.88% |
| 7.22% Small Industries Dev Bank of India (10/04/2029) | 0.82% | 1.32% |
| 8.23% Indian Railway Finance Corporation Limited (29/03/2029) | 0.76% | 1.77% |
| 7.35% National Housing Bank (02/01/2032) | 1.43% | 0.66% |
| Radhakrishna Securitisation Trust (28/09/2028) | 0.62% | 0.70% |
| 7.04% Small Industries Dev Bank of India (09/02/2029) | 0.62% | 1.98% |
| 7.64% Bajaj Housing Finance Limited (01/07/2030) | 0.49% | 1.31% |
| 7.725% Larsen & Toubro Limited (28/04/2028) | 0.42% | 1.01% |
| 7.66% Bajaj Housing Finance Limited (20/03/2028) | 0.42% | 2.67% |
| 7.87% Bajaj Housing Finance Limited (04/08/2036) | 0.40% | 1.62% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.35% | 0.36% |
| 7.35% Export Import Bank of India (27/07/2028) | 0.75% | 0.33% |
| 7.57% Indian Railway Finance Corporation Limited (18/04/2029) | 0.63% | 0.33% |
| 7.12% Export Import Bank of India (27/06/2030) | 0.41% | 0.33% |
| 7.07% Bajaj Finance Limited (21/09/2028) | 0.33% | 0.79% |
| 6.65% Indian Railway Finance Corporation Limited (20/05/2030) | 0.81% | 0.32% |
| 7.17% Indian Railway Finance Corporation Limited (27/04/2035) | 0.76% | 0.32% |
| Bank of Baroda (25/01/2027) | 0.29% | 0.99% |
| 8.25% Bajaj Housing Finance Limited (27/05/2031) | 0.25% | 1.60% |
| 8.55% Indian Railway Finance Corporation Limited (21/02/2029) | 0.64% | 0.21% |
| 7.59% National Housing Bank (08/09/2027) | 0.63% | 0.21% |
| 6.61% Power Finance Corporation Limited (15/07/2028) | 0.21% | 0.66% |
| 7.53% National Bank For Agriculture and Rural Development (24/03/2028) | 0.21% | 1.94% |
| 7.45% Export Import Bank of India (12/04/2028) | 0.21% | 0.33% |
| 7.83% Small Industries Dev Bank of India (24/11/2028) | 0.21% | 2.48% |
| 7.68% Small Industries Dev Bank of India (09/07/2027) | 0.21% | 0.20% |
| 7.4% Bharti Telecom Limited (01/02/2029) | 0.20% | 2.10% |
| 7.6% Power Finance Corporation Limited (13/04/2029) | 0.21% | 0.13% |
| 7.56% Bajaj Housing Finance Limited (04/10/2034) | 0.20% | 0.13% |
| 7.86% Tata Capital Housing Finance Limited (21/09/2029) | 0.08% | 0.20% |
| 7.3763% Bajaj Finance Limited (26/06/2028) | 0.21% | 0.07% |
| 7.47% Small Industries Dev Bank of India (05/09/2029) | 0.19% | 0.07% |
| 6.28% Government of India (14/07/2032) | 0.04% | 0.01% |
| 7.08% Andhra Pradesh State Development Loans (26/03/2037) | 0.01% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 24.7% means 24.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| Union Bank of India (10/02/2027) | 3.26% |
| 6.54% Tamilnadu State Development Loans (25/02/2029) | 2.69% |
| 7.34% Small Industries Dev Bank of India (26/02/2029) | 2.15% |
| 6.80% National Housing Bank (02/04/2032) | 1.80% |
| 7.29% National Housing Bank (04/07/2031) | 1.52% |
Largest holdings only in AXIS Corporate Bond Fund
| Security | % of fund |
|---|---|
| 6.85% National Bank For Agriculture and Rural Development (19/01/2029) | 3.61% |
| HDFC Bank Limited (05/03/2027) | 2.61% |
| 7.38% REC Limited (28/02/2029) | 2.40% |
| 6.94% Government of India (11/05/2036) | 2.31% |
| 7.45% ICICI Securities Limited (24/11/2028) | 1.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Banking and PSU Debt | AXIS Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 94.6% | 88.2% |
| Cash and others | 5.4% | 11.8% |
Axis Banking and PSU Debt vs AXIS Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Banking and PSU Debt Fund | AXIS Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.36% | 0.36% |
| Base expense ratio (Direct) | 0.30% | 0.30% |
| Total expense ratio (Regular) | 0.65% | 0.96% |
| Base expense ratio (Regular) | 0.54% | 0.81% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Banking and PSU Debt with
Axis Banking and PSU Debt Fund vs AXIS Corporate Bond Fund: Frequently Asked Questions
What is the difference between Axis Banking and PSU Debt Fund and AXIS Corporate Bond Fund?
Axis Banking and PSU Debt Fund is a Banking & PSU fund, AXIS Corporate Bond Fund is a Corporate Bond fund, run by Axis Mutual Fund. Their portfolios overlap 24.7%. Axis Banking and PSU Debt Fund charges 0.36% a year and AXIS Corporate Bond Fund 0.36%.
Which has given higher returns, Axis Banking and PSU Debt Fund or AXIS Corporate Bond Fund?
Over 1 year: Axis Banking and PSU Debt Fund +3.91%, AXIS Corporate Bond Fund +4.31%. Over 3 years: Axis Banking and PSU Debt Fund +6.71% a year, AXIS Corporate Bond Fund +7.44% a year. Over 5 years: Axis Banking and PSU Debt Fund +6.06% a year, AXIS Corporate Bond Fund +6.67% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Banking and PSU Debt Fund or AXIS Corporate Bond Fund?
Both charge 0.36% a year.
How much do Axis Banking and PSU Debt Fund and AXIS Corporate Bond Fund overlap?
24.7%. They hold 44 of the same securities, the largest shared ones being 7.7% Nuclear Power Corporation Of India Limited (21/03/2038), 7.44% National Bank For Agriculture and Rural Development (24/02/2028), Tata Capital Limited (21/02/2029) (FRN). From each fund's latest monthly portfolio.
Which is riskier, Axis Banking and PSU Debt Fund or AXIS Corporate Bond Fund?
On SEBI's riskometer, Axis Banking and PSU Debt Fund is rated Moderate and AXIS Corporate Bond Fund Moderate. Over 3 years, the standard deviation of daily returns was 0.94% and 1.10% a year.
Which is better for SIP, Axis Banking and PSU Debt Fund or AXIS Corporate Bond Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,15,562 in Axis Banking and PSU Debt Fund (XIRR 6.2% a year) and ₹7,27,480 in AXIS Corporate Bond Fund (XIRR 6.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Banking and PSU Debt Fund and AXIS Corporate Bond Fund?
Yes. 24.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Banking and PSU Debt Fund and AXIS Corporate Bond Fund?
Axis Banking and PSU Debt Fund: Aditya Pagaria, Hardik Shah. AXIS Corporate Bond Fund: Devang Shah, Hardik Shah.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.