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PGIM India Banking & PSU Debt Fund - Direct Plan

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Debt: Banking and PSU

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1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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
Fund 3.60 0.02 0.04 0.05 1.37 3.17 4.96 9.17 7.79 8.45 --
CCIL T Bill Liquidity Weight 1.61 -0.01 -0.03 0.11 0.50 1.06 2.04 3.32 3.61 4.05 --
Debt: Banking and PSU 3.14 0.05 0.00 -0.01 1.16 2.65 4.43 8.69 7.71 8.23 --
Rank within category 4 19 4 9 4 5 5 6 9 6 --
Number of funds in category 21 22 22 22 22 22 19 17 15 13 0

As on 21-Oct-2021

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 - Direct Plan  | Invest Online
3 star
 Mar-13 4.96 9.17 7.79 0.33% 79
IDFC Banking & PSU Debt Fund - Direct Plan
5 star
 Mar-13 4.37 9.72 8.08 0.31% 19,205
Axis Banking & PSU Debt Fund - Direct Plan
4 star
 Jan-13 4.22 8.92 8.10 0.33% 16,745
Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 4.77 9.05 7.83 0.34% 15,823
HDFC Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
 Mar-14 4.99 9.23 7.89 0.36% 9,528

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.84 24-Mar-2020 - 31-Mar-2020 -1.96 12-Mar-2020 - 19-Mar-2020
Month 3.50 24-Mar-2020 - 23-Apr-2020 -2.58 20-Feb-2020 - 23-Mar-2020
Quarter 6.33 24-Mar-2020 - 24-Jun-2020 -2.86 20-May-2013 - 19-Aug-2013
Year 13.11 05-Mar-2019 - 04-Mar-2020 3.93 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.99 2.09 2.41 5.14 2.07 6.31
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Banking and PSU 8.57 2.43 2.07 3.88 2.22 5.98
Rank within category 7 5 2 2 7 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-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 18 24 18 82
Modified Duration (yrs) 2.42 2.68 1.93 2.43
Average Maturity (yrs) 3.28 3.70 2.32 3.22
Yield to Maturity (%) 4.56 5.22 4.34 5.01
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
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 9.04 9.04
equal 8.20% Power Grid Corporation 23/01/2022 Bonds/NCDs AAA 0.00 - 9.09 9.01
equal 8.54% Nuclear Power Corpn. 15/03/2023 Debenture AAA 0.00 - 8.14 8.05
equal 7.09% Food Corporation of India 13/08/2031 Non Convertible Debenture AAA 0.00 - 7.58 7.58
new 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 9.84 6.46
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 6.51 6.45
new 6.92% Indian Railway Finance Corporation 31/08/2031 Non Convertible Debenture AAA 0.00 - 6.40 6.40
equal 8.75% Axis Bank Additional Tier 1 Bond AA+ 0.00 - 5.16 5.15
equal 7.34% Housing & Urban Development Corporation 16/09/2022 Debenture AAA 2.90 - 3.95 3.92
equal 7.29% SIDBI 2022 Debenture AAA 2.90 - 3.95 3.91
equal 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 3.17 - 10.47 3.82
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 3.39 3.35
equal 8.15% State Bank of India Additional Tier 1 Bond AA+ 0.00 - 4.25 3.25
equal 6.19% Indian Railway Finance Corporation 28/04/2023 Debenture AAA 2.47 - 5.70 2.47
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 1.80 - 2.48 2.46
equal 5.95% Housing & Urban Development Corporation 2023 Debenture AAA 1.42 - 1.96 1.95
equal 8.24% MTNL 19/11/2024 Bonds AAA 1.32 - 1.79 1.78
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.93 - 1.29 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-Sep-2021

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
0.02%

Change from previous, NAV as on 21-Oct-2021

Growth: ₹ 20.4220

IDCW Quarterly: ₹ 10.8586

IDCW: ₹ 10.4288

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 (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) 1,000
Minimum 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: 8.64%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 79 Cr (As on 30-Sep-2021)
Expense: 0.33% (As on 30-Sep-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly24-Sep-20210.1570

 25-Jun-20210.1570
 26-Mar-20210.1570
 23-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
IDCW Monthly26-Feb-20210.0530

 29-Jan-20210.0530
 24-Dec-20200.0520
 27-Nov-20200.0520
 29-Oct-20200.0520
 25-Sep-20200.0560
 28-Aug-20200.0560
 31-Jul-20200.0560
 30-Jun-20200.0590
 29-May-20200.0610
 24-Apr-20200.0550
 27-Mar-20200.0461
 28-Feb-20200.0461
 31-Jan-20200.0461
 27-Dec-20190.0450
 29-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
IDCW Yearly27-Mar-20200.3602

 25-Mar-20190.5042
 23-Mar-20180.5056
IDCW 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

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

Email: [email protected]

Website: https://www.pgimindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt 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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