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PGIM India Banking & PSU Debt Fund - Direct Plan

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Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.12 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 10.92 0.31 1.79 11.51 7.71 8.52 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Banking and PSU 9.46 0.19 1.60 10.20 7.56 8.30 --
Rank within category 3 2 8 4 9 7 --
Number of funds in category 17 19 18 17 15 13 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 2.82 (20-Aug-2013 - 19-Sep-2013) -1.96 (24-Jun-2013 - 24-Jul-2013)
Quarter 4.55 (09-May-2019 - 08-Aug-2019) -2.86 (20-May-2013 - 19-Aug-2013)
Year 12.64 (01-Nov-2018 - 01-Nov-2019) 3.93 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.43 2.03 0.81 1.43 5.17 10.29
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Banking and PSU 7.42 2.10 0.92 1.77 4.96 9.92
Rank within category 10 9 10 10 11 6
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: ₹ 17.7506

Dividend Monthly: ₹ 10.6765

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: 0.10% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly29-Nov-20190.0450

 25-Oct-20190.0450
 27-Sep-20190.0468
 30-Aug-20190.0468
 25-Jul-20190.0468
 28-Jun-20190.0468
 31-May-20190.0468
 26-Apr-20190.0468
 29-Mar-20190.0468
 22-Feb-20190.0468
 25-Jan-20190.0468
 28-Dec-20180.0468
 30-Nov-20180.0468
 26-Oct-20180.0468
 28-Sep-20180.0468
 31-Aug-20180.0468
 27-Jul-20180.0468
 29-Jun-20180.0468
 25-May-20180.0468
 27-Apr-20180.0468
 23-Mar-20180.0469
 23-Feb-20180.0469
 25-Jan-20180.0469
 29-Dec-20170.0469
 24-Nov-20170.0469
Dividend Quarterly23-Mar-20180.1372

 29-Dec-20170.1372
 28-Sep-20170.1372
 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
Dividend Weekly19-Jul-20190.0110

 12-Jul-20190.0390
 05-Jul-20190.0246
 20-Jun-20190.0321
 14-Jun-20190.0119
 07-Jun-20190.0186
 31-May-20190.0745
 24-May-20190.0411
 17-May-20190.0279
 10-May-20190.0127
 03-May-20190.0074
 26-Apr-20190.0071
 05-Apr-20190.0071
 29-Mar-20190.0364
 22-Mar-20190.0179
 15-Mar-20190.0437
 08-Mar-20190.0305
 01-Mar-20190.0016
 15-Feb-20190.0076
 08-Feb-20190.0318
 01-Feb-20190.0011
 25-Jan-20190.0154
 18-Jan-20190.0071
 11-Jan-20190.0135
 21-Dec-20180.0326
Dividend Yearly25-Mar-20190.5042

 23-Mar-20180.5056

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

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

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