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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
₹ 1.09 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
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 0.62 -0.03 -0.03 0.93 0.85 1.94 9.45 9.59 8.37 8.55 --
CCIL T Bill Liquidity Weight 0.54 0.02 0.02 0.20 0.49 0.99 2.47 3.65 3.86 4.33 --
Debt: Banking and PSU 0.39 -0.02 -0.07 1.12 0.56 1.79 9.01 8.54 8.25 8.57 --
Rank within category 5 14 8 15 4 4 8 2 8 9 --
Number of funds in category 21 22 22 22 21 19 18 16 14 12 0

As on 16-Apr-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 9.45 9.59 8.37 0.31 17,764
Axis Banking & PSU Debt Fund - Direct Plan
5 star
 Jan-13 8.63 8.95 8.45 0.31 16,154
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 9.21 9.01 8.67 0.34 9,688
Nippon India Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
 May-15 9.54 9.22 8.61 0.33 6,636
LIC MF Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 7.87 8.61 8.17 0.28 2,185

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 9.21 2.49 1.90 3.94 3.03 7.38
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Debt: Banking and PSU 8.28 2.52 1.63 2.88 2.35 5.85
Rank within category 2 14 3 2 15 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-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 192 204 167 82
Modified Duration (yrs) 1.72 2.46 1.72 2.34
Average Maturity (yrs) 1.94 2.93 1.94 3.03
Yield to Maturity (%) 4.76 6.60 4.36 5.21
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 - 8.25 6.44
equal 7.60% Axis Bank 20/10/2023 Bonds/Debentures AAA 4.95 - 6.16 5.67
equal 8.25% IRFC 28/02/2024 Debenture AAA 3.30 - 4.70 3.68
up 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 3.05 3.05
up 7.37% GOI 16/04/2023 GOI Securities SOV 0.00 - 2.85 2.85
equal HPCL 14/08/2024 Debenture AAA 2.51 - 3.42 2.79
equal 7.60% ICICI Bank 2023 Bonds AAA 1.96 - 2.74 2.69
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 3.73 2.39
equal 6.80% HPCL 15/12/2022 Debenture AAA 2.07 - 2.59 2.39
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 2.21 - 2.66 2.31
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 2.01 - 3.69 2.01
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.98 - 1.54 1.49
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.37 - 1.48 1.45
equal 7.95% SIDBI 26/04/2022 Debenture AAA 1.24 - 1.80 1.41
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 1.41 1.35
equal 6.83% Power Finance Corp. 24/04/2023 Debenture AAA 0.00 - 1.33 1.31
new Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 1.26 1.26
equal 6.90% REC 30/06/2022 Debenture AAA 0.00 - 1.21 1.19
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 1.20 1.19
equal 7.10% Power Finance Corp. 2022 Bonds/NCDs AAA 1.01 - 1.43 1.16
equal 9.19% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.86 - 1.18 1.15
equal 7.28% Power Finance Corp. 2022 Bonds AAA 0.99 - 1.19 1.13
equal 8.50% LIC Housing Fin. 20/06/2022 Non Convertible Debenture AAA 0.36 - 1.14 1.12
equal 8.23% HUDCO 15/04/2022 Non Convertible Debenture AAA 0.97 - 1.32 1.11
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 1.31 1.11

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-Mar-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:

-0.03%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 19.5834

IDCW Yearly: ₹ 11.8903

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IDCW Quarterly: ₹ 10.7114

IDCW Monthly: ₹ 10.4608

IDCW Fortnightly: ₹ 10.4479

IDCW Daily: ₹ 10.4680

IDCW: ₹ 10.3021

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: 8.63%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 17,764 Cr (As on 31-Mar-2021)
Expense: 0.31% (As on 31-Mar-2021)
Risk Grade: Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Fortnightly12-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
 18-Feb-20200.0089
 04-Feb-20200.0297
 21-Jan-20200.0228
 07-Jan-20200.0156
 10-Dec-20190.0055
IDCW Daily06-Apr-20210.0122

 05-Apr-20210.0196
 31-Mar-20210.0065
 30-Mar-20210.0051
 08-Jan-20210.0057
 07-Jan-20210.0028
 05-Jan-20210.0103
 04-Jan-20210.0063
 01-Jan-20210.0048
 31-Dec-20200.0012
 30-Dec-20200.0025
 29-Dec-20200.0047
 28-Dec-20200.0071
 24-Dec-20200.0015
 23-Dec-20200.0029
 07-Dec-20200.0032
 04-Dec-20200.0011
 01-Dec-20200.0006
 27-Nov-20200.0002
 26-Nov-20200.0088
 25-Nov-20200.0071
 24-Nov-20200.0020
 23-Nov-20200.0049
 20-Nov-20200.0062
 19-Nov-20200.0119
IDCW Monthly26-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
 30-Jan-20190.0478
 28-Dec-20180.0939
 29-Nov-20180.1081
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
IDCW Quarterly24-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
 18-Dec-20140.1483

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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