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IDFC Banking & PSU Debt Fund - Regular Plan

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Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 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 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 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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(₹)
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 5.46 0.44 0.94 1.99 3.28 5.69 12.82 9.09 8.51 8.57 --
CCIL T Bill Liquidity Weight 1.78 0.11 0.16 0.35 1.22 2.09 4.36 4.26 4.43 4.75 --
Debt: Banking and PSU 4.72 0.43 0.80 1.76 2.68 5.09 11.56 8.29 8.37 8.36 --
Rank within category 4 9 4 7 4 3 2 2 10 3 --
Number of funds in category 19 19 19 19 19 19 18 16 14 7 3

As on 22-May-2020

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 4.55 (09-May-2019 - 08-Aug-2019) -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 8.10 2.18 1.20 2.37 4.91 9.07
CCIL T Bill Liquidity Weight 4.16 0.26 -5.00 -9.29 -- --
Debt: Banking and PSU 7.49 2.03 1.11 2.16 3.72 6.90
Rank within category 4 15 8 7 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 30-Apr-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 167 171 115 69
Modified Duration (yrs) 2.46 3.00 2.46 --
Average Maturity (yrs) 2.93 3.70 2.93 --
Yield to Maturity (%) 6.60 7.81 6.52 --

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 7.69 - 10.73 8.25
up 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 4.82 - 8.41 6.16
equal 8.25% IRFC 28/02/2024 Debenture AAA 4.27 - 9.09 4.70
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 3.98 3.69
equal HPCL 14/08/2024 Debenture AAA 0.00 - 3.44 3.42
equal 7.60% ICICI Bank 2023 Bonds AAA 2.33 - 3.17 2.66
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 2.79 2.59
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.37 - 2.67 2.42
equal 6.88% National Housing Bank 21/01/2025 Bonds/NCDs AAA 0.00 - 1.97 1.86
down 7.95% SIDBI 26/04/2022 Debenture AAA 1.80 - 4.05 1.80
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 1.71 - 2.46 1.71
equal 8.02% BPCL 2024 Debenture AAA 1.70 - 3.93 1.70
equal Sundaram Finance 2022 Debenture AAA 1.63 - 2.47 1.64
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 1.73 1.51
equal 7.78% LIC Housing Fin. 29/08/2024 Debenture AAA 0.00 - 1.66 1.50
up 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 1.07 - 1.75 1.43
equal 8.33% LIC Housing Fin. 31/05/2024 Non Convertible Debenture AAA 0.82 - 2.00 1.39
equal 8.23% HUDCO 15/04/2022 Non Convertible Debenture AAA 1.31 - 2.95 1.32
equal HDB Financial Services 2022 Debenture AAA 1.22 - 2.40 1.23
equal 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 0.96 - 1.55 1.21
equal 9.15% Export-Import Bank 2022 Bonds AAA 1.06 - 2.07 1.19
up 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 1.16 1.16
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 1.19 1.16
equal 7.28% Power Finance Corp. 2022 Bonds AAA 0.67 - 1.29 1.11
up 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 1.46 1.08

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-Apr-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:

0.44%

Change from previous, NAV as on 22-May-2020

Growth: ₹ 18.2282

Dividend Yearly: ₹ 11.2034

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Dividend Quarterly: ₹ 11.1155

Dividend Monthly: ₹ 10.9328

Dividend Fortnightly: ₹ 10.7587

Dividend Daily: ₹ 10.7785

Dividend: ₹ 10.7890

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: 8.68%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 13,956 Cr (As on 30-Apr-2020)
Expense: 0.65% (As on 30-Apr-2020)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-May-20200.0099

 21-May-20200.0027
 20-May-20200.0114
 19-May-20200.0110
 18-May-20200.0166
 15-May-20200.0041
 14-May-20200.0203
 13-May-20200.0118
 12-May-20200.0110
 08-May-20200.0191
 06-May-20200.0217
 23-Apr-20200.0099
 22-Apr-20200.0091
 21-Apr-20200.0129
 20-Apr-20200.0406
 17-Apr-20200.0154
 31-Mar-20200.0187
 30-Mar-20200.0010
 27-Mar-20200.0035
 06-Mar-20200.0013
 04-Mar-20200.0026
 03-Mar-20200.0035
 02-Mar-20200.0030
 28-Feb-20200.0001
 24-Oct-20190.0017
Dividend Fortnightly12-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
 06-Aug-20190.0201
 23-Jul-20190.0312
 09-Jul-20190.0710
 25-Jun-20190.0227
 11-Jun-20190.0019
 28-May-20190.0703
 02-Apr-20190.0357
 19-Mar-20190.0583
 05-Mar-20190.0282
 18-Feb-20190.0416
 22-Jan-20190.0313
 08-Jan-20190.0266
 24-Dec-20180.0542
Dividend Monthly28-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
 30-May-20180.0175
 26-Apr-20180.0030
 26-Mar-20180.0645
 27-Feb-20180.0119
 30-Jan-20180.0261
 29-Nov-20170.0064
 30-Oct-20170.0541
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 Quarterly24-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
 19-Sep-20140.1439
 20-Jun-20140.1745
 21-Mar-20140.1494
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: 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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