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IDFC 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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(₹)
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 2.19 0.01 0.07 0.58 1.36 2.49 5.07 9.80 8.25 8.41 --
CCIL T Bill Liquidity Weight 1.11 0.00 0.03 0.22 0.55 1.02 2.11 3.49 3.73 4.18 --
Debt: Banking and PSU 1.96 0.00 0.08 0.41 1.39 2.16 4.69 8.76 8.04 8.42 --
Rank within category 4 8 16 2 14 2 5 2 7 10 --
Number of funds in category 21 22 22 22 22 21 18 17 14 13 0

As on 23-Jul-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 - Direct Plan
5 star
 Mar-13 5.07 9.80 8.25 0.30 18,309
Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 5.04 9.16 8.34 0.35 16,857
Axis Banking & PSU Debt Fund - Direct Plan
4 star
 Jan-13 4.89 9.04 8.30 0.33 16,496
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 4.99 9.33 8.47 0.36 9,290
Nippon India Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
 May-15 5.29 9.54 8.44 0.33 6,410

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 3.82 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.46 2.40 2.18 4.76 2.89 7.42
CCIL T Bill Liquidity Weight 3.46 0.39 -1.92 -4.74 -- --
Debt: Banking and PSU 8.55 2.44 1.93 3.58 2.18 5.97
Rank within category 2 14 5 2 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-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 190 204 189 85
Modified Duration (yrs) 1.56 2.27 1.56 2.29
Average Maturity (yrs) 1.74 2.64 1.74 2.97
Yield to Maturity (%) 4.68 5.05 4.36 5.00
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 - 6.83 6.22
equal 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 4.95 - 5.77 5.55
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 3.30 - 3.93 3.55
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 3.73 3.23
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 3.11 3.11
equal 7.37% GOI 16/04/2023 GOI Securities SOV 0.00 - 3.09 3.09
up 7.60% ICICI Bank 2023 Bonds AAA 1.96 - 2.89 2.89
equal Hindustan Petroleum Corporation 14/08/2024 Debenture AAA 2.51 - 3.01 2.70
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 2.09 - 2.50 2.31
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 2.21 - 2.66 2.23
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 1.94 - 3.11 1.95
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 1.67 1.67
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.29 - 1.54 1.44
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.89 - 1.48 1.40
up National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 1.37 1.37
equal 7.95% SIDBI 26/04/2022 Debenture AAA 1.24 - 1.48 1.36
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 1.33 1.33
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 1.17 - 1.40 1.31
equal 6.83% Power Finance Corporation 24/04/2023 Debenture AAA 0.85 - 1.33 1.27
equal 6.90% REC 30/06/2022 Debenture AAA 1.01 - 1.20 1.15
equal HDFC 19/05/2022 Non Convertible Debenture AAA 1.00 - 1.20 1.14
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 1.01 - 1.21 1.12
equal 9.19% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.86 - 1.18 1.11
equal 7.28% Power Finance Corporation 2022 Bonds AAA 0.99 - 1.18 1.09
equal 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 0.86 - 1.14 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-Jun-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:

0.01%

Change from previous, NAV as on 23-Jul-2021

Growth: ₹ 19.8900

IDCW Yearly: ₹ 12.0848

More

IDCW Quarterly: ₹ 10.6936

IDCW Monthly: ₹ 10.4879

IDCW Fortnightly: ₹ 10.4531

IDCW Daily: ₹ 10.4761

IDCW: ₹ 10.4633

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: 8.55%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 18,309 Cr (As on 30-Jun-2021)
Expense: 0.30% (As on 30-Jun-2021)
Risk Grade: Above Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Fortnightly20-Jul-20210.0578

 08-Jun-20210.0188
 25-May-20210.0211
 11-May-20210.0292
 27-Apr-20210.0306
 12-Apr-20210.0354
 30-Mar-20210.0132
 05-Jan-20210.0420
 08-Dec-20200.0201
 24-Nov-20200.0540
 10-Nov-20200.0289
 27-Oct-20200.0293
 13-Oct-20200.0917
 01-Sep-20200.0282
 18-Aug-20200.0016
 04-Aug-20200.0155
 21-Jul-20200.0452
 07-Jul-20200.0466
 23-Jun-20200.1258
 09-Jun-20200.0004
 26-May-20200.1487
 12-May-20200.1130
 28-Apr-20200.0274
 31-Mar-20200.0429
 03-Mar-20200.0002
IDCW Daily20-Jul-20210.0061

 19-Jul-20210.0017
 16-Jul-20210.0079
 15-Jul-20210.0062
 14-Jul-20210.0011
 13-Jul-20210.0108
 12-Jul-20210.0108
 09-Jul-20210.0016
 08-Jul-20210.0020
 07-Jul-20210.0020
 14-Jun-20210.0042
 11-Jun-20210.0031
 10-Jun-20210.0079
 09-Jun-20210.0050
 08-Jun-20210.0036
 07-Jun-20210.0083
 04-Jun-20210.0041
 03-Jun-20210.0020
 27-May-20210.0008
 25-May-20210.0036
 24-May-20210.0031
 21-May-20210.0033
 20-May-20210.0023
 19-May-20210.0011
 18-May-20210.0049
IDCW Monthly29-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
 28-Jan-20200.0717
 27-Dec-20190.0018
 28-Nov-20190.0494
 30-Oct-20190.0116
 27-Sep-20190.0092
 29-Aug-20190.0720
 30-Jul-20190.1015
 27-Jun-20190.0333
 30-May-20190.1195
 28-Mar-20190.1148
 27-Feb-20190.0457
IDCW Quarterly28-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
 24-Sep-20150.1341
 23-Jun-20150.1486
 23-Mar-20150.1500
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
IDCW Yearly24-Mar-20210.0242

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

Last Session

Investors' Hangout

How to crash-proof your equity investments

DateFriday, 23-Jul-2021
Time12:30 PM - 01:00 PM

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