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IDFC Banking & PSU Debt Fund - Direct Plan download report


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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
IDFC Banking & PSU Debt Direct-G 1.79 0.01 0.12 0.42 1.25 1.32 3.00 6.68 7.40 7.49 --
CCIL T Bill Liquidity Weight 1.28 0.06 0.07 0.30 0.76 1.05 2.05 2.60 3.27 3.64 --
Debt: Banking and PSU 1.67 0.02 0.22 0.66 1.47 1.29 3.25 6.35 6.86 7.55 --
Rank within category 8 13 22 22 19 8 14 5 2 11 --
Number of funds in category 22 22 22 22 22 22 22 17 16 14 0

As on 12-Aug-2022

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 - Direct Plan  | Invest Online
5 star
Mar-13 3.00 6.68 7.40 0.32 16,162
Axis Banking & PSU Debt Fund - Direct Plan
5 star
Jan-13 3.45 6.34 7.33 0.33 14,171
ICICI Prudential Banking & PSU Debt Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.99 6.55 6.69 0.35 8,487
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.65 6.67 7.22 0.36 6,959
HDFC Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Mar-14 3.24 6.72 7.04 0.39 5,370

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.71 24-Mar-2020 - 31-Mar-2020 -2.53 12-Mar-2020 - 19-Mar-2020
Month 4.59 24-Mar-2020 - 23-Apr-2020 -3.05 20-Feb-2020 - 23-Mar-2020
Quarter 7.96 24-Mar-2020 - 24-Jun-2020 -0.89 23-Dec-2019 - 23-Mar-2020
Year 13.91 01-Nov-2018 - 01-Nov-2019 2.69 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
IDFC Banking & PSU Debt Direct-G 6.64 1.96 1.61 3.90 2.70 5.57
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Banking and PSU 6.23 2.25 1.29 2.57 2.14 4.65
Rank within category 4 7 2 2 12 5
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-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 161 193 160 64
Modified Duration (yrs) 0.65 1.42 0.65 1.67
Average Maturity (yrs) 0.71 1.58 0.71 2.27
Yield to Maturity (%) 6.25 6.25 4.27 6.60
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 5.89 - 6.89 6.89
equal 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 5.28 - 6.02 6.02
equal Bank of Baroda 2023 Certificate of Deposit A1+ 0.00 - 4.52 4.52
down 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 3.38 - 3.77 3.61
equal 7.37% GOI 16/04/2023 GOI Securities SOV 3.08 - 3.46 3.21
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 2.20 - 2.54 2.54
equal 7.60% ICICI Bank 2023 Bonds AAA 2.32 - 2.90 2.36
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.53 - 2.08 2.08
down 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 1.86 - 2.01 1.89
equal Axis Bank 29/08/2022 Certificate of Deposit A1+ 0.00 - 1.85 1.85
equal HDFC Bank 13/12/2022 Certificate of Deposit A1+ 0.00 - 1.82 1.82
equal Kotak Mahindra Bank 19/12/2022 Certificate of Deposit A1+ 0.00 - 1.51 1.51
equal SIDBI 2023 Commercial Paper A1+ 0.00 - 1.49 1.49
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 1.24 - 1.44 1.44
equal 6.83% Power Finance Corporation 24/04/2023 Debenture AAA 1.21 - 1.39 1.39
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.85 - 1.28 1.28
equal 6.20% Madhya Pradesh State 15/04/2023 State Development Loan SOV 0.00 - 1.24 1.24
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.79 - 1.23 1.23
equal HDFC Bank 26/09/2022 Certificate of Deposit A1+ 0.00 - 1.23 1.23
equal 4.71% HDFC 2023 Non Convertible Debenture AAA 0.00 - 1.21 1.21
equal Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 1.20 1.20
new Kotak Mahindra Bank 13/02/2023 Certificate of Deposit A1+ 0.00 - 1.20 1.20
new Canara Bank 20/02/2023 Certificate of Deposit A1+ 0.00 - 1.20 1.20
new Reserve Bank of India 182-D 26/01/2023 Treasury Bills SOV 0.00 - 1.20 1.20
equal 6.75% Power Finance Corporation 22/05/2023 Debenture AAA 0.99 - 1.15 1.15

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-Jul-2022

Fund Manager

— Gautam Kaul since 01-Dec-2021

Education: Mr. Kaul is a B.Com (H) and MBA (Finance).

Experience: Prior to joining IDFC Mutual Fund, he has worked with Edelweiss AMC, Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd.

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:


0.01%

Change from previous, NAV as on 12-Aug-2022

Growth: ₹ 20.5518

IDCW Yearly: ₹ 11.9730

More

IDCW Quarterly: ₹ 10.7256

IDCW Monthly: ₹ 10.4496

IDCW Fortnightly: ₹ 10.4644

IDCW Daily: ₹ 10.4768

IDCW: ₹ 10.8114


Investment Strategy

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

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. 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: 7.93%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 16,162 Cr (As on 31-Jul-2022)
Expense Ratio: 0.32% (As on 31-Jul-2022)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily12-Aug-20220.0014

 11-Aug-20220.0020
 10-Aug-20220.0051
 08-Aug-20220.0006
 04-Aug-20220.0015
 03-Aug-20220.0015
 02-Aug-20220.0053
 01-Aug-20220.0076
 29-Jul-20220.0023
 25-Jul-20220.0067
 22-Jul-20220.0015
 21-Jul-20220.0000
 20-Jul-20220.0008
 19-Jul-20220.0001
 18-Jul-20220.0043
 15-Jul-20220.0000
 14-Jul-20220.0007
 13-Jul-20220.0037
 12-Jul-20220.0010
 11-Jul-20220.0028
 08-Jul-20220.0003
 07-Jul-20220.0014
 06-Jul-20220.0063
 05-Jul-20220.0041
 04-Jul-20220.0061
IDCW Fortnightly02-Aug-20220.0243

 19-Jul-20220.0208
 05-Jul-20220.0153
 26-Apr-20220.0147
 29-Mar-20220.0223
 15-Mar-20220.0083
 28-Feb-20220.0120
 15-Feb-20220.0334
 01-Feb-20220.0022
 18-Jan-20220.0198
 04-Jan-20220.0135
 21-Dec-20210.0055
 07-Dec-20210.0120
 23-Nov-20210.0107
 09-Nov-20210.0232
 26-Oct-20210.0035
 12-Oct-20210.0045
 14-Sep-20210.0125
 31-Aug-20210.0236
 17-Aug-20210.0274
 03-Aug-20210.0215
 20-Jul-20210.0578
 08-Jun-20210.0188
 25-May-20210.0211
 11-May-20210.0292
IDCW Monthly28-Jul-20220.0433

 28-Apr-20220.0118
 30-Mar-20220.0355
 25-Feb-20220.0406
 28-Jan-20220.0300
 30-Dec-20210.0212
 29-Nov-20210.0411
 28-Oct-20210.0131
 29-Sep-20210.0088
 30-Aug-20210.0572
 29-Jul-20210.0775
 29-Jun-20210.0103
 28-May-20210.0438
 29-Apr-20210.0813
 26-Mar-20210.0347
 28-Dec-20200.0251
 25-Nov-20200.0920
 28-Oct-20200.1176
 28-Sep-20200.0592
 28-Jul-20200.0731
 26-Jun-20200.1482
 28-May-20200.2565
 28-Apr-20200.0544
 27-Mar-20200.0301
 28-Feb-20200.0834
IDCW Quarterly28-Mar-20220.0891

 28-Dec-20210.0699
 28-Sep-20210.1586
 28-Jun-20210.1844
 24-Dec-20200.2216
 28-Sep-20200.1360
 26-Jun-20200.7717
 24-Mar-20200.1038
 26-Dec-20190.1692
 25-Sep-20190.2626
 25-Jun-20190.1640
 27-Mar-20190.2185
 27-Dec-20180.2744
 26-Sep-20180.0617
 26-Jun-20180.0449
 22-Mar-20180.0893
 21-Dec-20170.0746
 21-Sep-20170.1372
 27-Jun-20170.1083
 22-Mar-20170.0939
 22-Dec-20160.1228
 22-Sep-20160.1156
 23-Jun-20160.1589
 22-Mar-20160.1330
 21-Dec-20150.1231
IDCW Yearly28-Mar-20220.5431

 24-Mar-20210.0242
IDCW25-Mar-20211.0003

 24-Mar-20201.8338
 22-Mar-20170.5417
 17-Mar-20160.5918
 19-Mar-20150.3142
 12-Sep-20140.4337
 07-Mar-20140.4605
 28-May-20130.1797

Contact Information

AMC: IDFC Asset Management Company Limited

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

Fax: 24215052 / 24215051

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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