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5 star

IDFC Banking & PSU Debt Fund - Regular Plan


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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(₹)
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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 2.76 -0.07 -0.05 0.20 1.29 2.62 5.09 9.78 7.89 8.07 --
CCIL T Bill Liquidity Weight 1.54 0.03 0.04 0.20 0.62 1.10 2.20 3.43 3.66 4.10 --
Debt: Banking and PSU 2.81 -0.09 -0.02 0.51 1.42 2.99 5.27 8.59 7.50 7.99 --
Rank within category 13 6 17 22 18 17 13 2 4 10 --
Number of funds in category 21 22 22 22 22 22 19 17 15 13 3

As on 24-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 5.09 9.78 7.89 0.63 19,284
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 5.77 9.00 7.67 0.67 18,125
Axis Banking & PSU Debt Fund
4 star
Jun-12 4.78 9.00 7.91 0.62 16,786
Nippon India Banking & PSU Debt Fund  | Invest Online
5 star
May-15 5.66 9.30 7.85 0.79 6,785
DSP Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Sep-13 5.10 8.78 7.52 0.55 3,312

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.70 24-Mar-2020 - 31-Mar-2020 -2.54 12-Mar-2020 - 19-Mar-2020
Month 4.56 24-Mar-2020 - 23-Apr-2020 -3.08 20-Feb-2020 - 23-Mar-2020
Quarter 7.87 24-Mar-2020 - 24-Jun-2020 -0.97 23-Dec-2019 - 23-Mar-2020
Year 13.58 01-Nov-2018 - 01-Nov-2019 3.56 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.15 2.39 2.13 4.39 3.04 7.13
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Banking and PSU 8.12 2.44 1.81 3.37 2.27 5.58
Rank within category 2 14 1 3 16 2
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 193 204 185 84
Modified Duration (yrs) 1.42 2.15 1.42 2.32
Average Maturity (yrs) 1.58 2.48 1.58 3.15
Yield to Maturity (%) 4.27 5.05 4.27 4.81
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 8.50% National Bank Agr. Rur. Devp Debenture AAA 5.71 - 6.64 5.90
equal 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 4.95 - 5.77 5.28
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.70 - 3.73 3.64
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 3.30 - 3.82 3.39
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.67 - 3.29 3.21
equal 7.60% ICICI Bank 2023 Bonds AAA 1.96 - 2.89 2.75
equal Hindustan Petroleum Corporation 14/08/2024 Debenture AAA 2.51 - 2.92 2.59
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 2.09 - 2.43 2.20
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 2.11 - 2.64 2.11
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 2.08 2.04
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 1.87 - 2.71 1.87
up 6.99% HDFC 13/02/2023 Debenture AAA 1.04 - 1.72 1.72
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.29 - 1.56 1.53
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.89 - 1.48 1.33
equal National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 1.37 1.31
equal 7.95% SIDBI 26/04/2022 Debenture AAA 1.24 - 1.44 1.29
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 1.33 1.28
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 1.17 - 1.37 1.24
equal 6.83% Power Finance Corporation 24/04/2023 Debenture AAA 1.14 - 1.33 1.21
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.81 - 1.15 1.12
equal 6.90% REC 30/06/2022 Debenture AAA 1.01 - 1.20 1.09
equal HDFC 19/05/2022 Non Convertible Debenture AAA 1.00 - 1.20 1.08
equal 9.19% LIC Housing Fin. 2023 Non Convertible Debenture AAA 1.01 - 1.18 1.06
equal 7.28% Power Finance Corporation 2022 Bonds AAA 0.99 - 1.15 1.04
equal 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 0.86 - 1.14 1.02

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-Aug-2021

Fund Manager

— Anurag Mittal since 15-May-2017

Education: Mr. Mittal is B.Com. (Hons), CA and M.Sc. in Accounting and Finance (specialization in Finance) from London School of Economics & Political Science.

Experience: Prior to joining IDFC AMC, he worked with HDFC AMC ( Sept. 2012 - Oct. 2015), Axis AMC (July 2009 - Sept. 2012), ICICI Prudential Life Insurance Company Ltd. as Credit Research Analyst (2008-2009) and with Bank of America in Corporate Banking (2006-2008).

Funds Managed:

— Suyash Choudhary since 27-Jul-2021

Education: Mr. Choudhary is a B.A (H) Economics from Delhi University and PGDM from IIM Calcutta.

Experience: Prior to joining IDFC Mutual Fund he has worked with HSBC Asset Management (India) Pvt. Ltd., Standard Chartered Asset Management Co. Pvt. Ltd. and Deutsche Bank.

Interviews:

Funds Managed:


-0.07%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 19.7035

IDCW Yearly: ₹ 11.2136

More

IDCW Quarterly: ₹ 10.6883

IDCW Monthly: ₹ 10.6779

IDCW Fortnightly: ₹ 10.6058

IDCW Daily: ₹ 10.8707

IDCW: ₹ 10.6397


Investment Strategy

To achieve optimal returns by investing in money market and debt instruments issued by scheduled commercial banks.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 07-Mar-2013
Return Since Launch: 8.25%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 19,284 Cr (As on 31-Aug-2021)
Expense: 0.63% (As on 31-Aug-2021)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily20-Sep-20210.0023

 15-Sep-20210.0012
 13-Sep-20210.0011
 06-Sep-20210.0026
 02-Sep-20210.0024
 01-Sep-20210.0061
 31-Aug-20210.0033
 30-Aug-20210.0083
 27-Aug-20210.0014
 23-Aug-20210.0004
 20-Aug-20210.0038
 18-Aug-20210.0059
 17-Aug-20210.0087
 13-Aug-20210.0084
 12-Aug-20210.0040
 11-Aug-20210.0022
 10-Aug-20210.0012
 05-Aug-20210.0022
 04-Aug-20210.0005
 03-Aug-20210.0036
 02-Aug-20210.0039
 30-Jul-20210.0019
 29-Jul-20210.0016
 28-Jul-20210.0020
 27-Jul-20210.0032
IDCW Fortnightly14-Sep-20210.0114

 31-Aug-20210.0226
 17-Aug-20210.0265
 03-Aug-20210.0205
 20-Jul-20210.0547
 08-Jun-20210.0178
 25-May-20210.0201
 11-May-20210.0283
 27-Apr-20210.0296
 12-Apr-20210.0347
 30-Mar-20210.0057
 05-Jan-20210.0398
 08-Dec-20200.0190
 24-Nov-20200.0534
 10-Nov-20200.0280
 27-Oct-20200.0284
 13-Oct-20200.0889
 01-Sep-20200.0272
 18-Aug-20200.0002
 04-Aug-20200.0143
 21-Jul-20200.0446
 07-Jul-20200.0896
 23-Jun-20200.1257
 26-May-20200.1501
 12-May-20200.1138
IDCW Monthly30-Aug-20210.0555

 29-Jul-20210.0765
 29-Jun-20210.0075
 28-May-20210.0421
 29-Apr-20210.0801
 26-Mar-20210.0273
 28-Dec-20200.0224
 25-Nov-20200.0914
 28-Oct-20200.1173
 28-Sep-20200.0544
 28-Jul-20200.0944
 26-Jun-20200.1596
 28-May-20200.2603
 28-Apr-20200.0526
 27-Mar-20200.0288
 28-Feb-20200.0686
 28-Jan-20200.0467
 27-Dec-20190.0389
 29-Aug-20190.0701
 30-Jul-20190.0816
 27-Jun-20190.0321
 30-May-20190.1163
 28-Mar-20190.0399
 27-Feb-20190.0448
 30-Jan-20190.0468
IDCW Quarterly28-Jun-20210.1667

 24-Dec-20200.2121
 28-Sep-20200.1269
 26-Jun-20200.7573
 24-Mar-20200.0975
 26-Dec-20190.1621
 25-Sep-20190.2550
 25-Jun-20190.1565
 27-Mar-20190.2138
 27-Dec-20180.2689
 26-Sep-20180.0577
 26-Jun-20180.0402
 22-Mar-20180.0845
 21-Dec-20170.0699
 21-Sep-20170.1300
 27-Jun-20170.1083
 22-Mar-20170.0939
 22-Dec-20160.1228
 22-Sep-20160.1156
 23-Jun-20160.1589
 22-Mar-20160.1307
 21-Dec-20150.1208
 24-Sep-20150.1316
 23-Jun-20150.1485
 23-Mar-20150.1473
IDCW25-Mar-20210.9969

 24-Mar-20201.6714
 22-Mar-20170.5345
 17-Mar-20160.5798
 19-Mar-20150.3104
 12-Sep-20140.4281
 07-Mar-20140.4535
 28-May-20130.1790
IDCW Yearly24-Mar-20210.8783

 24-Mar-20200.2982
 27-Mar-20190.4776
 29-Mar-20170.5489
 17-Mar-20160.5806
 19-Mar-20150.2795
 29-Sep-20140.3246

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: http://www.idfcmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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