 "mutual funds")
Launched in June 2012, the Axis Banking & PSU Debt Fund has featured in the top 30 percentile of the banking and public sector undertaking (PSU) debt fund category of CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters up to June 2022.
The fund has been managed by Aditya Pagaria since August 2016.
Month-end assets under management of the fund grew to Rs 14,331 crore in June 2022, from Rs 6,530 crore in June 2019.
The investment objective of the scheme is to generate stable returns by investing predominantly in debt and money-market instruments issued by banks, PSUs, and
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