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PGIM India Banking & PSU Debt Fund download report

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Debt: Banking and PSU

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
PGIM India Banking & PSU Debt-G 1.67 0.16 0.20 0.64 1.40 1.25 2.92 6.11 6.49 7.05 --
CCIL T Bill Liquidity Weight 1.24 -0.04 0.05 0.21 0.72 0.97 1.98 2.58 3.26 3.62 --
Debt: Banking and PSU 1.61 0.19 0.27 0.76 1.61 1.14 2.85 6.06 6.53 7.16 --
Rank within category 7 14 15 15 15 6 8 9 10 10 --
Number of funds in category 21 21 21 21 21 21 21 16 15 13 3

As on 17-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
PGIM India Banking & PSU Debt Fund  | Invest Online
4 star
 Mar-13 2.92 6.11 6.49 0.77 69
IDFC Banking & PSU Debt Fund - Regular Plan  | Invest Online
5 star
 Mar-13 2.62 6.39 7.09 0.62 16,162
Axis Banking & PSU Debt Fund
5 star
 Jun-12 3.18 6.10 7.04 0.62 14,171
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
 Apr-08 3.08 6.35 6.74 0.70 10,061
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
4 star
 Jan-10 3.53 6.07 6.24 0.80 8,487

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.83 24-Mar-2020 - 31-Mar-2020 -1.96 12-Mar-2020 - 19-Mar-2020
Month 3.46 24-Mar-2020 - 23-Apr-2020 -2.62 20-Feb-2020 - 23-Mar-2020
Quarter 6.20 24-Mar-2020 - 24-Jun-2020 -2.97 20-May-2013 - 19-Aug-2013
Year 12.57 05-Mar-2019 - 04-Mar-2020 2.27 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
PGIM India Banking & PSU Debt-G 5.92 1.84 1.32 3.05 1.97 4.19
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Banking and PSU 5.87 2.25 1.11 2.23 2.14 4.29
Rank within category 10 4 4 3 5 11
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 20 17 64
Modified Duration (yrs) 1.51 2.68 0.93 1.69
Average Maturity (yrs) 1.87 3.70 1.13 2.31
Yield to Maturity (%) 6.53 6.53 4.13 6.61
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 5.95% Housing & Urban Development Corporation 2023 Debenture AAA 1.92 - 9.42 9.42
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 9.40 9.40
new 8.11% REC 2025 Bonds AAA 0.00 - 8.97 8.97
equal 8.54% Nuclear Power Corpn. 15/03/2023 Debenture AAA 7.93 - 8.88 8.88
new 8.18% Export-Import Bank 2025 Bonds AAA 0.00 - 7.53 7.53
up 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 6.98 6.98
new 7.15% SIDBI 2025 Debenture AAA 0.00 - 5.85 5.85
equal 6.98% Power Finance Corporation 20/04/2023 Non Convertible Debenture AAA 0.00 - 4.39 4.39
equal 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 3.76 - 4.28 4.28
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 3.29 - 3.66 3.66
equal 8.15% State Bank of India Additional Tier 1 Bond AA+ 3.20 - 3.65 3.65
equal 7.29% SIDBI 2022 Debenture AAA 2.56 - 3.95 2.92
equal 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 2.86 2.86
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 2.42 - 2.76 2.76
equal Reserve Bank of India 182-D 04/08/2022 Treasury Bills SOV 0.00 - 2.04 2.04
equal 8.24% MTNL 19/11/2024 Bonds AAA 1.75 - 1.94 1.94
equal 9.37% Power Finance Corporation 19/08/2024 Bonds AAA 0.00 - 0.76 0.76
equal Others CBLO -- - 8.94

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

Fund Manager

— Puneet Pal since 13-Dec-2017

Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.

Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.

Funds Managed:

Invest Online
0.16%

Change from previous, NAV as on 17-Aug-2022

Growth: ₹ 20.0097

IDCW Quarterly: ₹ 10.6488

IDCW: ₹ 10.1672

Investment Strategy

The scheme seeks to generate income and capital appreciation by investing in money market and debt instruments issued by banks and public sector companies.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 5
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 11-Mar-2013
Return Since Launch: 7.62%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 69 Cr (As on 31-Jul-2022)
Expense Ratio: 0.77% (As on 31-Jul-2022)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly24-Jun-20220.1360

 25-Mar-20220.1350
 31-Dec-20210.1500
 24-Sep-20210.1500
 25-Jun-20210.1500
 26-Mar-20210.1500
 31-Dec-20200.1500
 25-Sep-20200.1550
 30-Jun-20200.1700
 27-Mar-20200.1080
 26-Dec-20190.1297
 27-Sep-20190.1297
 28-Jun-20190.1297
 25-Mar-20190.1297
 28-Dec-20180.1297
 28-Sep-20180.1297
 28-Jun-20180.1297
 23-Mar-20180.1300
 29-Dec-20170.1300
 28-Sep-20170.1300
 29-Jun-20170.1300
 24-Mar-20170.0867
 29-Dec-20160.1517
 29-Sep-20160.1517
 27-Jun-20160.1517
IDCW25-Mar-20220.5300
IDCW Monthly26-Feb-20210.0500

 29-Jan-20210.0500
 24-Dec-20200.0490
 27-Nov-20200.0490
 29-Oct-20200.0490
 25-Sep-20200.0510
 28-Aug-20200.0510
 31-Jul-20200.0510
 30-Jun-20200.0560
 29-May-20200.0560
 24-Apr-20200.0500
 27-Mar-20200.0439
 28-Feb-20200.0439
 31-Jan-20200.0439
 27-Dec-20190.0414
 29-Nov-20190.0414
 25-Oct-20190.0432
 27-Sep-20190.0432
 30-Aug-20190.0432
 25-Jul-20190.0432
 28-Jun-20190.0432
 31-May-20190.0432
 26-Apr-20190.0432
 29-Mar-20190.0432
 22-Feb-20190.0432
IDCW Weekly19-Jul-20190.0103

 12-Jul-20190.0385
 05-Jul-20190.0233
 20-Jun-20190.0316
 14-Jun-20190.0113
 07-Jun-20190.0180
 31-May-20190.0741
 24-May-20190.0407
 17-May-20190.0273
 10-May-20190.0122
 03-May-20190.0068
 26-Apr-20190.0053
 05-Apr-20190.0055
 29-Mar-20190.0360
 22-Mar-20190.0172
 15-Mar-20190.0434
 08-Mar-20190.0300
 01-Mar-20190.0003
 15-Feb-20190.0071
 08-Feb-20190.0313
 01-Feb-20190.0005
 25-Jan-20190.0148
 18-Jan-20190.0066
 11-Jan-20190.0115
 21-Dec-20180.0316

Contact Information

AMC: PGIM India Asset Management Pvt. Ltd.

Address: 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai - 400051

Phone: 022-61593000 / 1800-266-2667

Website: https://www.pgimindiamf.com

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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