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PGIM India Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 10.42 0.26 1.67 10.98 7.17 7.99 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Banking and PSU 9.09 0.16 1.51 9.81 7.19 7.93 --
Rank within category 3 2 9 5 9 9 --
Number of funds in category 17 19 18 17 15 13 2

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 2.78 (20-Aug-2013 - 19-Sep-2013) -1.99 (24-Jun-2013 - 24-Jul-2013)
Quarter 4.42 (09-May-2019 - 08-Aug-2019) -2.97 (20-May-2013 - 19-Aug-2013)
Year 12.11 (01-Nov-2018 - 01-Nov-2019) 3.36 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.92 2.03 0.56 1.00 5.17 9.78
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Banking and PSU 7.08 2.09 0.74 1.43 4.95 9.57
Rank within category 11 9 12 11 11 8
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 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 17 10 69
Modified Duration (yrs) -- 4.25 1.54 2.72
Average Maturity (yrs) 3.36 6.16 2.10 3.54
Yield to Maturity (%) -- 8.74 7.16 6.69

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 9.26 9.26
new 8.50% State Bank of India 22/11/2020 Non Convertible Debenture AA+ 0.00 - 8.97 8.97
new 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 8.91 8.91
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 9.48 8.16
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 9.45 8.14
down HPCL 14/08/2024 Debenture AAA 0.00 - 10.85 8.06
equal 8.48% Uttar Pradesh Power Corporation 15/03/2021 Structured Obligation AA 4.40 - 21.66 7.46
new 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 7.13 7.13
new 8.65% IRFC 15/01/2024 Bonds AAA 0.00 - 4.78 4.78
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 4.24 3.63
equal 7.55% REC 26/09/2022 Debenture AAA 0.00 - 3.97 3.61
new Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 3.49 3.49
equal 8.24% MTNL 19/11/2024 Bonds AAA 1.38 - 2.82 2.43
equal 9.10% Union Bank of India Bonds AA 0.00 - 11.94 1.96
equal 7.50% IRFC 2029 Debenture AAA 0.00 - 9.32 1.79
equal 8.70% Reliance Jio Infocomm 15/06/2021 Debenture AAA 0.00 - 1.41 1.28

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 30-Nov-2019

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:


-0.05%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 17.1830

Dividend Quarterly: ₹ 10.6757

Dividend Monthly: ₹ 10.5422


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 10
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: PGIM India Mutual Fund
Launch Date: 11-Mar-2013
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 56 Cr (As on 30-Nov-2019)
Expense: 0.60% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly29-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
 25-Jan-20190.0432
 28-Dec-20180.0432
 30-Nov-20180.0065
 26-Oct-20180.0065
 28-Sep-20180.0065
 31-Aug-20180.0432
 27-Jul-20180.0432
 29-Jun-20180.0432
 25-May-20180.0432
 27-Apr-20180.0432
 23-Mar-20180.0433
 23-Feb-20180.0433
 25-Jan-20180.0433
 29-Dec-20170.0433
 24-Nov-20170.0433
Dividend Quarterly27-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
 28-Mar-20160.1517
 23-Dec-20150.1517
 24-Sep-20150.2528
 27-Mar-20150.1524
 26-Dec-20140.1633
 26-Sep-20140.1948
Dividend 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: 2nd Floor - Nirlon House, Dr. Annie Besant Road, Worli, Mumbai - 400030

Phone: 022-61593000 / 1800-266-2667

Email: [email protected]

Website: https://www.pgimindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM