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5 star

IDFC Banking & PSU Debt Fund - Regular Plan

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Debt: Banking and PSU

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1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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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(₹)
cal
cal

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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 -0.31 -0.03 -0.06 -0.12 0.84 2.38 9.85 9.59 8.41 8.53 --
CCIL T Bill Liquidity Weight 0.09 0.03 0.04 0.15 0.50 1.08 3.01 3.80 4.01 4.43 --
Debt: Banking and PSU -0.20 -0.02 -0.04 0.00 1.01 2.35 9.01 8.57 8.27 8.55 --
Rank within category 17 13 16 17 15 8 4 2 9 7 --
Number of funds in category 22 22 22 22 20 19 19 16 14 10 3

As on 22-Jan-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 9.85 9.59 8.41 0.65 17,685
Axis Banking & PSU Debt Fund
5 star
 Jun-12 8.65 8.98 8.48 0.62 16,896
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
 Dec-98 9.69 9.14 8.71 0.76 10,801
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
 May-15 10.11 9.10 8.63 0.79 7,210
LIC MF Banking & PSU Debt Fund  | Invest Online
4 star
 May-07 7.63 8.31 7.81 0.83 2,456

Best & Worst Performance

Best (Period) Worst (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 9.42 2.40 1.94 4.04 2.78 7.39
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Banking and PSU 8.47 2.35 1.69 3.29 1.99 5.66
Rank within category 2 14 4 4 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-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 196 204 157 87
Modified Duration (yrs) 1.90 2.59 1.90 2.66
Average Maturity (yrs) 2.15 3.10 2.15 3.42
Yield to Maturity (%) 4.44 6.80 4.36 4.79
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 - 8.36 6.64
equal 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 4.95 - 6.16 5.77
equal 8.25% IRFC 28/02/2024 Debenture AAA 3.30 - 4.76 3.82
equal HPCL 14/08/2024 Debenture AAA 2.51 - 3.44 2.92
up 7.60% ICICI Bank 2023 Bonds AAA 1.96 - 2.83 2.74
down 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 2.52 - 3.90 2.64
up 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 2.21 - 2.66 2.64
equal 6.80% HPCL 15/12/2022 Debenture AAA 2.07 - 2.74 2.43
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 2.06 2.00
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 1.54 1.51
up 6.99% SIDBI 2022 Bonds/NCDs AAA 0.36 - 1.48 1.48
equal 7.95% SIDBI 26/04/2022 Debenture AAA 1.24 - 2.04 1.44
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 1.41 1.37
equal 6.83% Power Finance Corp. 24/04/2023 Debenture AAA 0.00 - 1.33 1.33
down 7.37% GOI 16/04/2023 GOI Securities SOV 0.00 - 1.69 1.33
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 1.31 1.27
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 1.20 1.20
up 6.90% REC 30/06/2022 Debenture AAA 0.00 - 1.21 1.20
equal 9.19% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.86 - 1.18 1.18
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 1.01 - 1.43 1.18
equal 7.28% Power Finance Corp. 2022 Bonds AAA 0.99 - 1.20 1.15
equal 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 0.36 - 1.14 1.14
equal 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 1.15 1.13
equal 8.23% HUDCO 15/04/2022 Non Convertible Debenture AAA 0.97 - 1.41 1.13
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.96 - 1.61 1.12

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-Dec-2020

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:

-0.03%

Change from previous, NAV as on 22-Jan-2021

Growth: ₹ 19.1142

Dividend Yearly: ₹ 11.7511

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Dividend Quarterly: ₹ 10.5324

Dividend Monthly: ₹ 10.6421

Dividend Fortnightly: ₹ 10.5554

Dividend Daily: ₹ 10.8147

Dividend: ₹ 11.3135

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
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 07-Mar-2013
Return Since Launch: 8.56%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 17,685 Cr (As on 31-Dec-2020)
Expense: 0.65% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily08-Jan-20210.0058

 07-Jan-20210.0027
 05-Jan-20210.0106
 04-Jan-20210.0062
 01-Jan-20210.0049
 31-Dec-20200.0012
 30-Dec-20200.0025
 29-Dec-20200.0048
 28-Dec-20200.0069
 24-Dec-20200.0014
 23-Dec-20200.0012
 07-Dec-20200.0030
 04-Dec-20200.0008
 01-Dec-20200.0002
 27-Nov-20200.0001
 26-Nov-20200.0090
 25-Nov-20200.0072
 24-Nov-20200.0020
 23-Nov-20200.0048
 20-Nov-20200.0064
 19-Nov-20200.0122
 18-Nov-20200.0078
 17-Nov-20200.0062
 13-Nov-20200.0053
 12-Nov-20200.0087
Dividend Fortnightly05-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
 28-Apr-20200.0251
 31-Mar-20200.0410
 18-Feb-20200.0638
 04-Feb-20200.0398
 21-Jan-20200.0224
 07-Jan-20200.0272
 24-Dec-20190.0038
 26-Nov-20190.0098
 15-Oct-20190.0063
 03-Sep-20190.0312
 20-Aug-20190.0225
Dividend Monthly28-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
 28-Dec-20180.0932
 29-Nov-20180.1073
 30-Oct-20180.0538
 30-Aug-20180.0400
 30-Jul-20180.0594
 28-Jun-20180.0359
Dividend Quarterly24-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
 18-Dec-20140.1461
Dividend24-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
Dividend Yearly24-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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