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IDFC Banking & PSU Debt Fund - Direct Plan

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Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 5.56 0.00 0.04 2.00 3.11 5.79 11.82 9.28 8.64 8.72 --
CCIL T Bill Liquidity Weight 1.80 0.04 0.01 0.27 1.09 1.99 4.11 4.21 4.39 4.73 --
Debt: Banking and PSU 4.88 0.05 0.01 1.64 2.45 5.24 10.74 8.51 8.68 8.75 --
Rank within category 4 13 5 2 4 4 3 2 10 5 --
Number of funds in category 18 18 18 18 18 18 17 15 13 7 0

As on 05-Jun-2020

Best & Worst Performance

Best (Period) Worst (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 4.63 (09-May-2019 - 08-Aug-2019) -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 8.96 2.38 1.51 3.21 4.00 8.53
CCIL T Bill Liquidity Weight 4.15 0.27 -4.64 -8.65 -- --
Debt: Banking and PSU 8.30 2.24 1.43 3.01 2.96 6.58
Rank within category 2 14 8 8 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-May-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 167 171 115 70
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:

0.00%

Change from previous, NAV as on 05-Jun-2020

Growth: ₹ 18.4568

Dividend Yearly: ₹ 11.2039

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Dividend Quarterly: ₹ 11.1980

Dividend Monthly: ₹ 10.3911

Dividend Fortnightly: ₹ 10.4055

Dividend Daily: ₹ 10.3377

Dividend: ₹ 10.6560

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: 8.82%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 13,956 Cr (As on 30-Apr-2020)
Expense: 0.30% (As on 30-Apr-2020)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly28-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
 30-Jan-20190.0478
 28-Dec-20180.0939
 29-Nov-20180.1081
 30-Oct-20180.0561
 30-Aug-20180.0410
 30-Jul-20180.0603
 28-Jun-20180.0371
 30-May-20180.0191
 26-Apr-20180.0045
 26-Mar-20180.0655
Dividend Fortnightly26-May-20200.1487

 12-May-20200.1130
 28-Apr-20200.0274
 31-Mar-20200.0429
 03-Mar-20200.0002
 18-Feb-20200.0089
 04-Feb-20200.0297
 21-Jan-20200.0228
 07-Jan-20200.0156
 10-Dec-20190.0055
 11-Nov-20190.0278
 29-Oct-20190.0449
 15-Oct-20190.0356
 01-Oct-20190.0111
 17-Sep-20190.0042
 03-Sep-20190.0343
 20-Aug-20190.0231
 06-Aug-20190.0576
 23-Jul-20190.0317
 09-Jul-20190.0712
 25-Jun-20190.0234
 11-Jun-20190.0027
 28-May-20190.0723
 02-Apr-20190.0381
 19-Mar-20190.0466
Dividend Daily26-May-20200.0015

 22-May-20200.0097
 21-May-20200.0031
 20-May-20200.0117
 19-May-20200.0106
 18-May-20200.0162
 15-May-20200.0041
 14-May-20200.0025
 13-May-20200.0113
 12-May-20200.0109
 08-May-20200.0185
 06-May-20200.0221
 23-Apr-20200.0096
 22-Apr-20200.0089
 21-Apr-20200.0125
 20-Apr-20200.0392
 17-Apr-20200.0165
 31-Mar-20200.0180
 30-Mar-20200.0012
 27-Mar-20200.0048
 06-Mar-20200.0015
 04-Mar-20200.0110
 17-Feb-20200.0046
 14-Feb-20200.0032
 13-Feb-20200.0043
Dividend24-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
Dividend Quarterly24-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
 18-Dec-20140.1483
 19-Sep-20140.1467
 20-Jun-20140.1389

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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